India, Aug. 3 -- The Rajya Sabha on Monday, August 3, passed a bill that seeks to tackle the issue of delayed payments to MSMEs. The new bill now enables prescribed timelines to ensure faster adjudication of disputes, provide recovery of the settlement agreement, and address their liquidity issues. The bill passed even as Opposition members continued to disrupt the House.

The Upper House was adjourned for the day soon after the passage of the Micro Small and Medium Enterprises Development (Amendment) Bill, 2026, that seeks to empower courts to order payment of at least 50 % of the awarded amount to MSME suppliers, if the application to set aside an order is pending for more than six months.

Members of the Opposition kept raising slogans...