Buyers To Be Penalised For Late Payments On Government E-Marketplace
A trainee uses a mouse while sitting in front of a computer screen during a class on the Government e Marketplace (GeM) website at the National Institute of Financial Management in Faridabad, Haryana (Photographer: Udit Kulshrestha/Bloomberg)

Buyers To Be Penalised For Late Payments On Government E-Marketplace

Buyers will now be charged 1% penalty for not paying on time on the government e-marketplace, in a move aimed at promoting prompt payments to vendors, who are mostly small businesses.In cases where...
BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.