PREVIOUS
✖
General Financial Rules
May 25 , 2020
1519 days
877
0
- The Government of India amended General Financial Rules to make sure the goods and services that are of value less than Rs 200 crores are procured from domestic firms.
- The GFR 2017 (General Financial Rules) have been amended by the Central Government.
- Under the new amendment, global tenders henceforth will be disallowed in government procurement that are of value Rs 200 crores.
- “Disallowing Global Tenders” is stopping foreign investments to a particular threshold to boost indigenous companies.
Leave a Reply
Your Comment is awaiting moderation.