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India

Central PSUs to now pay MSME vendors only via approved TReDS

News ·

The Centre has operationalized an FY27 Budget proposal by making TReDS-based payments mandatory for central public sector enterprises buying from MSMEs. The move seeks to improve cash flows for small businesses and make government-owned firms ‘role models’ for payment discipline.

What this means

This story is part of Rail 24's ongoing india coverage. We summarise reporting from News so you can quickly scan what changed and why it matters for travellers, commuters and the wider Indian transport sector, then read the full original article at the source. Rail 24 aggregates trusted india sources and refreshes them continuously so you always see the latest developments in one place.

This india update was reported by News on and curated by Rail 24. For the complete report, visit the original source below.

Read the full story at News

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> 48 hours 12 - 48 hours 4 - 12 hours < 4 hours Departed
More than 48 hours remaining before scheduled departure.
Refund Amount
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Cancellation Deduction
₹120
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Calculation Breakdown

Original Fare Paid: ₹650
Deduction Applied: - ₹120
Estimated Refund: ₹530
IRCTC Rule Applied:

For confirmed tickets cancelled more than 48 hours before scheduled train departure, a flat cancellation fee is deducted depending on the travel class.

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