GoI: Public procurement Norms modified

The Government of India recently modified public procurement norms. Under the new norms maximum preference is to be given to those goods and services that have 50% or more local content. This has been done to promote “Make in India”. Highlights The GoI recently issued the Public Procurement (Preference to Make in India), Order 2017. ..

Month: Current Affairs - June, 2020

Category: India Nation & States Current Affairs

Topics: Domestic Company • Make in India • Make in India campaign • National Domestic Product • Public Procurement

DPIIT revises Public Procurement Order to encourage Make in India

The Department of Promotion of Industry and Internal Trade (DPIIT) recently revised Public Procurement Order in order to provide preference to Make in India initiative. Highlights According to the order, DPIIT has prescribed minimum of 60% procurement of local content for the year 2020-21, 70% for the years 2021-23 and 80% for the years 2023-25. ..

Month: Current Affairs - June, 2020

Category: India Nation & States Current Affairs

Topics: Defence • DPIIT • Indian Ordnance Factories • Make in India • Ordnance Factory Board • Public Procurement • United Nations

26 Defence Items approved by Defence Ministry to boost Make in India

On May 20, 2020, the Ministry of Defence approved procurement of 26 defence items to boost “Make in India” initiative. This was done through the amendment of Public Procurement Order 2017. Highlights The Ministry of Defence has so far notified 127 items to under which the local suppliers will be given preference. Of these 127 ..

Month: Current Affairs - May, 2020

Category: Defence Current Affairs

Topics: Atma Nirbhar Bharat Abhiyan • Defence Procurement • local produce • Make in India • Make in India campaign • MSME • Public Procurement

Food Corporation of India sets record: Movement of 1.93 lakh tonnes of grains in one day

The Food Corporation has made sure that there is no disruption in the supply of essential goods to the citizens since the lock down. Abiding to its determined goal of serving the citizens, the FCI has set a new record. It has moved about 1.93 lakh tonnes of food grains in a single day on ..

Month: Current Affairs - April, 2020

Category: India Nation & States Current Affairs

Topics: e-auction • Food Corporation of India • Foodgrain production • Foodgrains • Pradhan Mantri Garib Kalyan Ann Yojana • public distribution system (PDS) • Public Procurement • Rice • Wheat

GeM signs MoU with Union Bank of India

Government e-Marketplace (GeM) signed Memorandum of Understanding (MoU) with Union Bank of India (UBI). Through this partnership, UBI will be able to offer array of services including transfer of funds through GeM Pool Accounts (GPA), advising of Performance Bank Guarantees (e-PBG) and Earnest Money Deposit (EMD) to the registered users on the GeM portal. It ..

Month: Current Affairs - October, 2019

Category: Government Schemes Current Affairs

Topics: GeM • Governance • Government e-Marketplace • Government Schemes • Public Procurement • Union Bank of India