Delayed cash flows and NPAs

We need to rid ourselves of a tolerance of delayed payments to avoid their consequences

Many of us in India become inured to a laxity in standards and to the implementation of laws.  There may be good reasons for targeting one of these for a start, and that is delayed payments.  These are broadly tolerated by citizens, farmers, corporates, small businesses, and government agencies. Perhaps this is because payment delays are merely one among several instances we encounter of mediocre standards, indifferent quality, or shoddy performance.  Delayed payments are the inception of process flow problems that lead to non-performing assets (NPAs).  Perhaps delays in cash flows are a fundamental flaw in our processes that we