Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
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                            <p style="text-align:justify">-TheLeaflet.in</p><p style="text-align:justify"><em>Explaining the predicament of Micro, Small and Medium Enterprises (MSMEs) when opting for payment claims under the MSME Development Act, 2006, VIVEK SHARMA writes about why, in practice, the statutory compound interest enshrined in the law is rarely executed, and offers suggestions to bolster the law and secure the interests of MSMEs in this regard.</em></p><p style="text-align:justify">MICRO, Small and Medium Enterprises (MSMEs) play a significant role in India&rsquo;s GDP and export story. The Micro, Small and Medium Enterprises Development Act, 2006 (MSME Act) has been in operation for some time, with the objective to facilitate promotion, development and enhancing the competitiveness of MSMEs. There are various measures enshrined in this law for achieving the given objective.</p><p style="text-align:justify">The Union Government has the power to bring out programmes, guidelines, and instructions for facilitating, promoting, and developing MSMEs, particularly micro and small enterprises, by developing the skills of the employees, management, and entrepreneurs, providing technological upgradation marketing assistance or infrastructure facilities and cluster development to strengthen backward and forward linkages. Credit facilities to MSMEs are required to be progressive. The State has the power to layout preference policies in respect of procurement of goods and services produced by MSMEs for its ministries, aided institutions, and public sector enterprises. There are other mechanisms of funds and grants provided in the law to be given by the union government.</p><p style="text-align:justify">Please <a href="https://www.theleaflet.in/why-do-msmes-rarely-get-compound-interest-on-delayed-payment-claims/" title="https://www.theleaflet.in/why-do-msmes-rarely-get-compound-interest-on-delayed-payment-claims/">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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    <br><a href="https://www.theleaflet.in/why-do-msmes-rarely-get-compound-interest-on-delayed-payment-claims/" class="re" target="_blank">TheLeaflet.in, 26 May, 2021, https://www.theleaflet.in/why-do-msmes-rarely-get-compound-interest-on-delayed-payment-claims/</a><div class="clear"></div>
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    <h1 class="cat-box-title">Why do MSMEs rarely get compound interest on delayed payment claims? -Vivek Sharma	</h1>
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                            <p style="text-align:justify">-TheLeaflet.in</p><p style="text-align:justify"><em>Explaining the predicament of Micro, Small and Medium Enterprises (MSMEs) when opting for payment claims under the MSME Development Act, 2006, VIVEK SHARMA writes about why, in practice, the statutory compound interest enshrined in the law is rarely executed, and offers suggestions to bolster the law and secure the interests of MSMEs in this regard.</em></p><p style="text-align:justify">MICRO, Small and Medium Enterprises (MSMEs) play a significant role in India&rsquo;s GDP and export story. The Micro, Small and Medium Enterprises Development Act, 2006 (MSME Act) has been in operation for some time, with the objective to facilitate promotion, development and enhancing the competitiveness of MSMEs. There are various measures enshrined in this law for achieving the given objective.</p><p style="text-align:justify">The Union Government has the power to bring out programmes, guidelines, and instructions for facilitating, promoting, and developing MSMEs, particularly micro and small enterprises, by developing the skills of the employees, management, and entrepreneurs, providing technological upgradation marketing assistance or infrastructure facilities and cluster development to strengthen backward and forward linkages. Credit facilities to MSMEs are required to be progressive. The State has the power to layout preference policies in respect of procurement of goods and services produced by MSMEs for its ministries, aided institutions, and public sector enterprises. There are other mechanisms of funds and grants provided in the law to be given by the union government.</p><p style="text-align:justify">Please <a href="https://www.theleaflet.in/why-do-msmes-rarely-get-compound-interest-on-delayed-payment-claims/" title="https://www.theleaflet.in/why-do-msmes-rarely-get-compound-interest-on-delayed-payment-claims/">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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    <br><a href="https://www.theleaflet.in/why-do-msmes-rarely-get-compound-interest-on-delayed-payment-claims/" class="re" target="_blank">TheLeaflet.in, 26 May, 2021, https://www.theleaflet.in/why-do-msmes-rarely-get-compound-interest-on-delayed-payment-claims/</a><div class="clear"></div>
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    <h1 class="cat-box-title">Why do MSMEs rarely get compound interest on delayed payment claims? -Vivek Sharma	</h1>
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                            <p style="text-align:justify">-TheLeaflet.in</p><p style="text-align:justify"><em>Explaining the predicament of Micro, Small and Medium Enterprises (MSMEs) when opting for payment claims under the MSME Development Act, 2006, VIVEK SHARMA writes about why, in practice, the statutory compound interest enshrined in the law is rarely executed, and offers suggestions to bolster the law and secure the interests of MSMEs in this regard.</em></p><p style="text-align:justify">MICRO, Small and Medium Enterprises (MSMEs) play a significant role in India&rsquo;s GDP and export story. The Micro, Small and Medium Enterprises Development Act, 2006 (MSME Act) has been in operation for some time, with the objective to facilitate promotion, development and enhancing the competitiveness of MSMEs. There are various measures enshrined in this law for achieving the given objective.</p><p style="text-align:justify">The Union Government has the power to bring out programmes, guidelines, and instructions for facilitating, promoting, and developing MSMEs, particularly micro and small enterprises, by developing the skills of the employees, management, and entrepreneurs, providing technological upgradation marketing assistance or infrastructure facilities and cluster development to strengthen backward and forward linkages. Credit facilities to MSMEs are required to be progressive. The State has the power to layout preference policies in respect of procurement of goods and services produced by MSMEs for its ministries, aided institutions, and public sector enterprises. There are other mechanisms of funds and grants provided in the law to be given by the union government.</p><p style="text-align:justify">Please <a href="https://www.theleaflet.in/why-do-msmes-rarely-get-compound-interest-on-delayed-payment-claims/" title="https://www.theleaflet.in/why-do-msmes-rarely-get-compound-interest-on-delayed-payment-claims/">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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    <br><a href="https://www.theleaflet.in/why-do-msmes-rarely-get-compound-interest-on-delayed-payment-claims/" class="re" target="_blank">TheLeaflet.in, 26 May, 2021, https://www.theleaflet.in/why-do-msmes-rarely-get-compound-interest-on-delayed-payment-claims/</a><div class="clear"></div>
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                    Micro Small and Medium Enterprises                </a>
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                    MSMEs                </a>
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                   href="https://im4change.in/search?qryStr=The Micro, Small and Medium Enterprises Development Act 2006"
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                    The Micro, Small and Medium Enterprises Development Act 2006                </a>
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Why do MSMEs rarely get compound interest on delayed payment claims? -Vivek Sharma

Published on May 26, 2021   Modified on May 27, 2021

-TheLeaflet.in Explaining the predicament of Micro, Small and Medium Enterprises (MSMEs) when opting for payment claims under the MSME Development Act, 2006, VIVEK SHARMA writes about why, in practice, the statutory compound interest enshrined in the law is rarely executed, and offers suggestions to bolster the law and secure the interests of MSMEs in this regard. MICRO, Small and Medium Enterprises (MSMEs) play a significant role in India’s GDP and export story. The Micro, Small and Medium Enterprises Development Act, 2006 (MSME Act) has been in operation for some time, with the objective to facilitate promotion, development and enhancing the competitiveness of MSMEs. There are various measures enshrined in this law for achieving the given objective. The Union Government has the power to bring out programmes, guidelines, and instructions for facilitating, promoting, and developing MSMEs, particularly micro and small enterprises, by developing the skills of the employees, management, and entrepreneurs, providing technological upgradation marketing assistance or infrastructure facilities and cluster development to strengthen backward and forward linkages. Credit facilities to MSMEs are required to be progressive. The State has the power to layout preference policies in respect of procurement of goods and services produced by MSMEs for its ministries, aided institutions, and public sector enterprises. There are other mechanisms of funds and grants provided in the law to be given by the union government. Please click here to read more.

TheLeaflet.in, 26 May, 2021, https://www.theleaflet.in/why-do-msmes-rarely-get-compound-interest-on-delayed-payment-claims/

Tagged with: Micro Small and Medium Enterprises MSMEs The Micro, Small and Medium Enterprises Development Act 2006 Compund Interest

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