Public Procurement Policy

India has opted out of the trade pillar as broad consensus had not emerged on issues pertaining to labour, environment, digital trade, and public procurement

Cumulatively, GeM has surpassed GMV worth Rs 3 trillion since inception and the number of transactions on GeM exceeded 12 million

The members had expressed concern with India's "lack of full transparency" in taking recourse to the Bali Decision as well as in replies to certain questions raised in the Agri Committee

About 239 of 389 PSUs owned about 1.61 million acres land collectively, the survey showed

The move is aimed at having a single authoritative source of reference as procurement executives had complained of problems over the presence of guidelines by multiple organisations in this regard

India's public procurement market is estimated to be between 20 and 22 per cent of the GDP, or about $500 billion annually.

Experts say this may open a Pandora's box with demand for similar commitment

Procurement by central public sector enterprises (CPSEs) rose multifold to about Rs 43,000 crore

The most authoritative aspect of the current notification is that its provisions are now part of the General Financial Rules of the Union of India

The phenomenon of "irrational bidding" exists where the Indian private sector has not distinguished itself in the past

Govt introduces progressive reforms in procurement

The guidelines permit alternative methods for selection of contractors, which can improve speed and efficiency in execution of projects

Angry protests by domestic companies force telecom dept to put its formula, welcomed by foreign companies, on hold

Sahay initiative will enable small businesses on the portal get loans instantly against orders

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 and services has crossed Rs 1 trillion from government buying portal GeM since the platform was launched in August 2016

Registration stands annulled if there is a change in controlling ownership, which is above 10%

However, it provided relaxation in case of medical supplies in light of Covid-19

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"

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