AGP Executive Report
Last update: 9 hours agoMSME Payments Reform: India’s Lok Sabha passed the MSME Development (Amendment) Bill, 2026, aiming to cut delayed payments by setting timelines for mediation (90 days), arbitration (30 days), and awards (90 days), plus a rule pushing buyers to deposit at least 50% of awarded amounts if appeals drag beyond six months. UPI Cost Clarity: The Payments Council of India says UPI will stay free for consumers and small merchants won’t face MDR charges, even as a new bill enables MDR for select business UPI transactions above ₹2,000. Digital Banking for Cooperatives: India’s Ministry of Cooperation launched tech and cyber support for nearly 1,400 urban cooperative banks via NUCFDC, including a Security Operations Centre and “Bank in a Box” platform. SME Procurement Boost: GeM crossed Rs 20 lakh crore in cumulative GMV with 3.78 crore orders, with MSEs and women-led firms driving a big share of transactions. AI Jobs Pressure: Philippines expert Kai-Fu Lee warns AI could displace many digital roles faster than it creates new ones, making retraining urgent for the BPO-heavy economy. Startup/SME Growth Watch: Shiprocket’s emerging businesses grew 65% YoY as it prepares for a ₹1,618-crore IPO, betting on tech beyond shipping for India’s SMEs.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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