The Finance Ministry is considering modifying a new rule which requires timely payments to be made to micro, small, and medium enterprises (MSMEs) within 45 days. The new rule is set to take effect on April 1, but some businesses are requesting for a deferment or extension of the deadline due to concerns over compliance and potential impact on their relationships with suppliers and buyers. The government is reviewing the industry's request and aims to strike a balance between improving the financial health of MSMEs and minimizing compliance burdens. Meanwhile, the Confederation of All India Traders (CAIT) has proposed a one-year postponement of its implementation to allow traders sufficient time to prepare and comply with the law smoothly.