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The second wave: Govt eases procurement norms for key Covid-19 supplies

Bank guarantees have been waived off for all procurement

Haryana, Oxygen, lockdown, coronavirus
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According to official data, oxygen production per day has increased in the last nine months by nearly two-third to 9,466 MT in May 2021

Shreya Nandi New Delhi
Union commerce and industry ministry on Monday said it has relaxed general financial rules and removed all restrictive provisions to enable procurement of critical Covid-19 related supplies.

Besides, bank guarantees have been waived off for all procurement.

"100% payment of advance has been approved for critical Covid-19 procurement. Procurement on nomination basis has been permitted in case of constrained supply market," an official statement said.

Amid a rapid rise in Covid-19 cases and shortage of key medical and pharmaceutical supplies, the government has been taking steps to improve oxygen production, enhancing tanker availability to optimize logistics, improving oxygen storage at