Global Tender

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Govt notifies changes in rules disallowing global tender for procurement up to Rs 200 cr; move to benefit MSMEs
Business

Govt notifies changes in rules disallowing global tender for procurement up to Rs 200 cr; move to benefit MSMEs

The government has notified amendments to General Financial Rules (GFR) to ensure that goods and services valued less than Rs 200 crore are being procured from domestic firms, a move which will benefit MSMEs

SAIL likely to supply 10 lakh tonne steel for railway tracks in 2018-19; JSPL bags 1 lakh tonne rail order
Business

SAIL likely to supply 10 lakh tonne steel for railway tracks in 2018-19; JSPL bags 1 lakh tonne rail order

SAIL manufactures 260-metre-long rails at its Bhilai Steel Plant, and Naveen Jindal-led JSPL makes 121-metre-long track rails at its Raigarh unit and can weld these rails up to 480 metre.