At some point, we’ll pay — New data suggests that could be the mantra of central PSUs

In a nutshell, if you are in business with the government, be ready to have your loans declared NPAs if your payment gets stuck with the government. While various ministers have, from time to time—finance minister Nirmala Sitharaman said this during the pandemic—talked of getting PSUs to clear their dues on time, sadly, there have not been too many solutions that have worked so far.

from The Financial Express https://ift.tt/39nRPYS