Page 2 - Public Procurement Policy
Looking beyond L1
Govt introduces progressive reforms in procurement
 "Looking beyond L1")
FinMin releases revised guidelines ushering in public procurement reforms
The guidelines permit alternative methods for selection of contractors, which can improve speed and efficiency in execution of projects
 "FinMin releases revised guidelines ushering in public procurement reforms")
Domestic, global telecom gear makers spar over new 'value addition' norms
Angry protests by domestic companies force telecom dept to put its formula, welcomed by foreign companies, on hold
 "Domestic, global telecom gear makers spar over new 'value addition' norms")
Cabinet meet to include works contract under Govt e-Marketplace soon
Sahay initiative will enable small businesses on the portal get loans instantly against orders
 "Cabinet meet to include works contract under Govt e-Marketplace soon")
Public procurement of goods, services touches Rs 6,894 cr on GeM in Apri
Public procurement of goods and services touched Rs 6,894 crore on government buying portal GeM in April alone on account of steps taken by the platform such as rapid onboarding of buyers
 "Public procurement of goods, services touches Rs 6,894 cr on GeM in Apri")
Public procurement from GeM portal crosses Rs 1 trillion, says CEO
Public procurement of goods and services has crossed Rs 1 trillion from government buying portal GeM since the platform was launched in August 2016
Centre tightens public procurement criteria for border countries
Registration stands annulled if there is a change in controlling ownership, which is above 10%
 "Centre tightens public procurement criteria for border countries")
Govt imposes restrictions on public procurement from China, neighbours
However, it provided relaxation in case of medical supplies in light of Covid-19
 "Govt imposes restrictions on public procurement from China, neighbours")
Govt changes public procurement rules, more preference to local suppliers
Companies with less than 20 per cent of domestic content in their goods or services will not able to participate in most of the government tenders and they are categorised as "non-local suppliers"
 "Govt changes public procurement rules, more preference to local suppliers")
Govt clocks Rs 40,000 cr in public procurement transactions through GeM
Towards this, the government has recently revised the general financial rules (GFR) and procurement manuals, and made advances in the use of technology in procurement
 "Govt clocks Rs 40,000 cr in public procurement transactions through GeM")
Public procurement: Industry waits for $650-bn opportunity
Exporters fear rise in prices may increase input costs
 "Public procurement: Industry waits for $650-bn opportunity")
Govt approves procurement policy for local goods to push 'Make in India'
20% margin of purchase preference for local suppliers in procurement of Rs 50 lakh or more on cards
 "Govt approves procurement policy for local goods to push 'Make in India'")
