IL & FS and MSME
During the recent past, all media is full of stories on IL & FS. And I read that 16000cr payment they have to receive. For such a large company, not getting paid in time, has to lead to Government to suspend the board.
Think of MSMEs. They have got thin equity, and when payments get delayed, it leads to the chain reaction and the big difference, it hurts for salaries and best talents leaves.
Please imagine the scenario. Although govt of India has come out with delayed payment policy but is it practical?
I think Tredex may be quick fix solution and all efforts should be how soon it can percolate down in the ecosystem.