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‘Finished goods from neighbour require registration’
The government has placed curbs on the procurement of finished goods from China by firms supplying goods and services under the public procurement system, while allowing the use of Chinese raw material or components without prior permission.
“A bidder is permitted to procure raw material, components, sub-assemblies, etc. from the vendors from such countries which shares a land border,” the Department of Expenditure in the Finance Ministry has said in a memo, arguing that such procurement cannot be equated with sub-contracting.
Last July, the government had altered its public procurement norms to ensure that contractors executing works and turnkey projects do not sub-contract any work to players from ‘a country sharing a land border with India’ unless the proposed sub-contractor was registered with the Indian government.
First cut of genuine single window for investors by March-April 2021: Goyal
December 15, 2020
Officials have also been asked to expedite work on a policy for private ownership of railway networks, Goyal said - PTI
Officials have also been asked to expedite work on a policy for private ownership of railway networks, Goyal said - PTI×
Goyal says officials looking at moving containers lying at various locations for free to meet shortage faced by exporters The “first cut” of the genuine single window for investments that the Department for Promotion of Investment and Internal Trade (DPIIT) is working on is likely to unfold by March-April 2021 and steps are under way to integrate various approvals and compliances both at the Central and State levels, said Commerce & Industry and Railways Minister Piyush Goyal.
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‘Barring 1-4 public sector players, other strategic sector PSEs too to be privatised’
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Big bang: Policy will bring a paradigm shift in the way people think in the government, says Mr. Bajaj.
| Photo Credit:
Kamal Narang
‘Barring 1-4 public sector players, other strategic sector PSEs too to be privatised’
The new public sector enterprises policy for strategic disinvestment is far more ambitious than most would ‘anticipate’, Economic Affairs Secretary Tarun Bajaj said on Friday.
Conceding that the policy, promised in May, had been delayed, Mr. Bajaj said the government didn’t want to do something ‘routine’.