Public Procurement Policy

Second round of IPEF negotiation to start in India on Wednesday

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

GeM public procurement crosses Rs 1 trillion in just eight months

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

India opposes group consultation on food subsidies programme at WTO

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

PSUs' buy from small business rose 11% to Rs 41,699 crore in FY21

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

CVC withdraws guidelines on public procurement as Centre issues new manual

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

Explained: What India's shift in stance on public procurement means

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

In a first, India opens up central govt procurement market to UAE

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

Public procurement from GeM portal crosses Rs 1 trillion-mark this fiscal

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

Procurement policy needs to cover more ground

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

A new era in public procurement

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

Looking beyond L1

Govt introduces progressive reforms in procurement

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

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

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

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 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%

Govt imposes restrictions on public procurement from China, neighbours

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

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 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