Public Procurement (Preference to Make in India) Order 2017 Current Affairs, GK & News
In May 2020, the World bank had sanctioned 1 billion USD of loan to India. This is the highest ever loan sanctioned by the bank to India. About the loan The loan was provided to help India prevent, detect and respond to COVID-19 crisis. The funds provided were exclusively for the India COVID-19 Emergency Response ..
The Government of India has recently amended the public procurement order 2017. The amendment has been made to curtail Chinese investment. According to the amendment the entities of countries that do not allow Indian companies to participate in their government procurement procedures shall not be allowed to participate in Indian government procurement procedures. Highlights The ..
Category: Economy & Banking Current Affairs
The Department for Promotion of Industry and Internal Trade has decided to involve private agencies in order to scrutinize the tenders of the government for compliance with public procurement regulations that are meant for promoting ‘Make in India’ products in the world. The DPIIT has already floated a proposal in order to invite the proposals ..
Category: India Nation & States Current Affairs