CURRENT AFFAIRS

Detailed explanation-1: -"Govt has notified the amendments to the General Financial Rules 2017 to ensure that henceforth global tenders will be disallowed in government procurement up to Rs 200 crore, as announced in the #AatmanirbharBharat Package.

Detailed explanation-2: -5, 00, 000/- to Rs. 30, 00, 000/-", whereas Rule 155 of GFR (copy enclosed) is applicable for “Purchase of Goods” by resorting to “Local Purchase Committee consisting of three members costing above Rs. 25, 000/- up to Rs. 2, 50, 000/- only”.

Detailed explanation-3: -Publicizing the requirement globally as above is also known as Global Tender Enquiry. “No Global Tender Enquiry (GTE), however shall be invited for tenders upto Rs. 200 Crore or such limit as may be prescribed by the Department of Expenditure from time to time.

Detailed explanation-4: -Rule 149 of the GFRs state the various procurement limits of goods that can be procured through GeM. The GeM portal shall be utilized by the Government buyers for direct on- line purchases as under:- i. Up to Rs.

Detailed explanation-5: -Rule 145. Authorities competent to purchase goods. An authority which is competent to incur expenditure may sanction the purchase of goods required for use in public service in accordance with provisions in the Delegation of Financial Powers Rules, following the general procedure contained in the following rules.