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Budget session: Centre to unveil a law to ban private cryptocurrencies, introduce official digital currency

38 bills on agenda of government for budget session

38 bills on agenda of government for budget session
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Government To Give Priority To Suppliers Sourcing Maximum Local Input Materials In Procurement Of Medicines

Government to give priority to suppliers sourcing maximum local input materials in procurement of medicines A Class-I supplier will use local content equal to or more than 80 percent, Class-II supplier use 50-80 percent of local content and Non-Local supplier will use less than 50 percent. Class-I and Class-II suppliers will get higher priority. January 07, 2021 / 06:23 PM IST In yet another move to promote the manufacture of pharmaceuticals in India, the government has issued revised guidelines to give preference to suppliers who use more locally-available input materials in public procurement medicines. According to the latest guidelines issued by the Department of Pharmaceuticals, the government would implement the revised Public Procurement (Preference to Make in India), Order 2017, which has introduced a concept of Class-I, II and non-local suppliers, based on which they will get preference in government purchases of goods and services.

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