 "msme, textile, company, investment, jobs, workers, staff, employee, labour, tax")
The Union government will not buy goods or services valued less than Rs 200 crore from foreign suppliers.
For this purpose, the general financial rules (GFR) will be amended to disallow global tender enquiries.
The attempt is to protect micro, small and medium enterprises (MSMEs) from the downturn and create assured demand for their goods and services.
Under the existing guidelines for purchase, amended in May 2019, government agencies were required to procure goods and services worth less than Rs 50 lakh from local suppliers. The government departments were given free hand to raise the upper limit. Exemptions could be
