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Rly suppliers seek to settle payments | Coimbatore News

Coimbatore: The Railway Suppliers Association (Rasa) has written to railway minister Piyush Goyal, seeking to allocate funds to all the railway zones and manufacturing units to clear small suppliers’ bills immediately. They also sought to remove hurdles in bill processing and pass bills smoothly.
The suppliers said they were hit by the postponement of orders and steep rise in raw materials, and struggling to repay their loans because of the delay in payments. S Surulivel, president, Rasa, said, “Delay in payments will force many small suppliers to exist the scene. We expected the railway to make payments in April, but the same hasn’t materialized so far. Many zonal railways and manufacturing units say funds for April are yet to be allocated.”TNN ....

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Pump manufacturers hike prices by 15% | Coimbatore News

Coimbatore: Pump manufacturers here increased the price of all models by 15% from Friday due to rising cost of raw materials.
Prices of raw materials have increased by 10 to 40% in the last two months along with the price of spare parts, said K Maniraj, president of the Kovai Power Driven Pumps and Spares Manufacturers Association (Kopma). “Despite several requests, the central and the state government failed to take steps to control the price hike. So, we decided to increase the price of all varieties – household, industries and agriculture – by 15% from Friday.”
Meanwhile, members of the Railway Suppliers Association (Rasa) submitted a petition to the railway, requesting to settle bill payments at the earliest. “Even though the railway board has issued two circulars instructing officials to release the MSME bill payments without delay, the bills are much delayed. As railway delays the bill payment, suppliers are unable to complete their orders on time. Store ....

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