Procurement

Clarification of Definition of MSE Owned by SC/ST Entrepreneurs

The Government introduced Public Procurement Policy for Micro and Small Enterprises (MSEs) Order, 2012 which is notified under MSMED Act 2006. The Public Procurement Policy mandates every Central Ministries/Departments/CPSUs to set an annual goal for procurement from the MSE sector from the 1st April 2012 with objective of achieving an overall procurement of minimum 20% of… Read More

Tags: Audit and PurchasingContractEconomyGovernmentGovernment ProcurementMSEProcurementPublic sector

MoD Promulgates Defence Procurement Procedure- 2013

The Ministry of Defence has promulgated the Defence Procurement Procedure 2013. The new procedure which takes effect from today, aims to balance the competing requirements of expediting capital procurement, developing a robust indigenous defence sector and conforming to the highest standards of transparency, probity and public accountability, while laying a strong emphasis on promoting indigenisation… Read More

Tags: Arms industryDefence MinistryDPBDPP-2013GovernmentIndiaProcurementPublic sector

Extension of Government Guarantee to enable NAFED and CWC

Extension of Government Guarantee of Rs.1781 crore along with waiver of one percent guarantee fees to enable NAFED and CWC to undertake price support operations for procurement of oil seeds, pulses and cotton  The Cabinet Committee on Economic Affairs today approved the proposal of the Department of Agriculture & Cooperation for extension of government guarantee… Read More

Tags: Central Warehousing CorporationGovernment of IndiaIndiaministry of financeProcurementRupeeState Bank of IndiaWorking capital

Defence Acquisition Council Approves Major Changes in procurement processes

With the twin objective of infusing greater efficiency in the procurement process and strengthening the defencemanufacturing base in the country, the Defence Acquisition Council, the apex decision making body of the MoD, took a series of decisions today, including amendments to Defence Procurement Procedure (DPP). The Defence Minister Shri AK Antony, who chaired the Council meeting, said the only way forward for the country is rapid… Read More

Tags: Arms industryDACDefence MinistryDemocratic Progressive PartyDPPIndiaministry of financeProcurement

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