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Tag: incur

Late payments on GeM will incur interest, Retail News, ET Retail

NEW DELHI: The Centre has approved charging of interest on delayed payments on the government e-marketplace (GeM), a move aimed at promoting greater discipline and timeliness in settling payments to vendors. The Centre has been repeatedly emphasising the need for prompt payment to vendors, particularly those from the MSME sector. The government’s views on the …

Late payments on GeM will incur interest, Retail News, ET RetailRead More