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GOVERNMENT TO AMEND 2006 MSME DEVELOPMENT ACT

Why in the news? The Union Ministry of Micro, Small, and Medium Enterprises (MSME) is amending the MSME Development Act, 2006 to improve mechanisms for managing disputes related to delayed payments and address evolving sector needs. The ministry plans to transform the Samadhaan portal from a dispute tracker to a comprehensive online resolution platform. Source: …

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