Government fast-tracks payment backlog of Rs 30,000 crore
- 5 years ago
The government is fast-tracking pending payments worth Rs 30,000 crore to vendors. The slowdown has resulted in many industrial captains and market veterans seeking clearance of dues from the government to boost liquidity in the system. Finance Minister Nirmala Sitharaman had also recently taken cognisance of the issue and announced that dues from the government would be cleared at a faster pace when she unveiled her first set of relief measures for the economy two weeks ago.