.......But, the Indian banks do not make payment to the overseas parties if the buyer of rough diamonds fails to make payment within 90 days. If the manufacturers misses the deadline of 90 days, then the payment process is extended upto more than 60 days. Dinesh Navadia, president, SDA said, "We have written a letter to RBI to exclude the SME sector from the 90 days payment circular. If our demand is not met than the manufacturers will go on an indefinite strike after 10 days.".........
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