Amendment To General Financial Rules

Government has notified amendments to General Financial Rules (GFR), 2017 to ensure that goods and services valued less than 200 crore rupees are being procured from domestic firms.
Henceforth global tenders will be disallowed in government procurement up to 200 crore rupees, as announced in the Aatmanirbhar Bharat Package. It is a big boost to domestic suppliers especially MSMEs.