Latest news with #GFRs
India Gazette
3 days ago
- Business
- India Gazette
Centre raises financial threshold for procurement of scientific equipment, consumables
New Delhi [India], June 7 (ANI): The Central government has raised financial limits under the General Financial Rules (GFRs) for procurement of scientific equipment and consumables. The simplification of GFRs will reduce delays and enhance autonomy and flexibility for the research organisations. Under the new rules, the Finance Ministry said that Vice Chancelors, Dierectors and academic institutions under specified departments and ministries will be able to make non-Government e-Marketplace (GeM) procurement of scientific equipment and consumables. As per the notification of the Finance Ministry, the institutions can now procure scientific instruments and consumables worth up to Rs 2 lakh without the need for quotations. The earlier limit was Rs 1 lakh, which is now doubled by the Centre. Similarly, under the new rules, purchase committees can procure equipment worth Rs 25 lakh. The financial ceiling for such purchases was Rs 10 lakh. In addition, vice-chancellors and directors can give nods to the global tenders enquiring up to a value of Rs 200 crore. The move will play a pivotal role in facilitating researchers, startups and innovators, said Union Minister Dr Jitendra Singh in a post on the social media platform X. 'Here is some heartening news and a major breakthrough for young aspiring #StartUps, Innovators and Researchers: In a landmark step enabling #EaseOfDoingResearch, the GFR rules have been simplified for procurement of scientific equipment and consumables,' Union Minister Singh added in the X post. 'This will reduce delays and also enhance autonomy and flexibility for research institutions--empowering them to innovate faster,' the post added. As per the Finance Ministry, the new rules will be applicable to the authorities in departments and ministries such as science and technology, biotechnology, scientific and industrial research, atomic energy, space, earth sciences, and health research, including the Indian Council of Medical Research. According to the notification, apart from the above-mentioned departments, the Defence Research and Development Organisation (DRDO), the Indian Council of Agricultural Research (ICAR), and its affiliated universities and institutes offering postgraduate and doctoral-level programmes under any ministry or department will also benefit from the relaxed rules. (ANI)
Time of India
3 days ago
- Business
- Time of India
Procurement boost: Centre doubles cap for direct scientific purchases; researchers get more autonomy
In a bid to speed up scientific research and enhance institutional autonomy, the Centre has revised financial ceilings under the General Financial Rules (GFRs) for procurement of scientific equipment and consumables, ANI reported on Friday. The Finance Ministry notified that vice-chancellors, directors, and academic institutions under specified departments and ministries will now be allowed to make non-Government e-Marketplace (GeM) purchases with relaxed limits and fewer procedural constraints. The move is aimed at reducing procurement delays and giving research institutions greater operational flexibility. According to the new rules, institutions can procure scientific instruments and consumables worth up to Rs 2 lakh without needing quotations — a significant increase from the earlier Rs 1 lakh limit. Purchase committees can now approve procurements up to Rs 25 lakh, up from the previous Rs 10 lakh cap. In another key reform, vice-chancellors and directors have been empowered to approve global tenders for procurements up to Rs 200 crore. Union Minister Dr Jitendra Singh welcomed the move, posting on X: 'Here is some heartening news and a major breakthrough for young aspiring #StartUps, Innovators and Researchers: In a landmark step enabling #EaseOfDoingResearch, the GFR rules have been simplified for procurement of scientific equipment and consumables.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Mendaftar Undo 'This will reduce delays and also enhance autonomy and flexibility for research institutions — empowering them to innovate faster,' he added in the post. The new limits apply to departments such as science and technology, biotechnology, scientific and industrial research, atomic energy, space, earth sciences, and health research, including institutions under the Indian Council of Medical Research (ICMR), according to the Finance Ministry. Additionally, the relaxed procurement norms extend to the Defence Research and Development Organisation (DRDO), the Indian Council of Agricultural Research (ICAR), and affiliated universities and institutes offering postgraduate and doctoral-level programmes across ministries. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hans India
3 days ago
- Business
- Hans India
Centre simplifies GFR rules for procurement of scientific equipment, consumables
New Delhi: In a major step towards the ease of doing research, the General Finance Rules (GFR) have been simplified for procurement of scientific equipment and consumables, said Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology on Saturday. GFRs are the governing financial regulations for the government, outlining procedures for managing public finances. Applicable to Central government ministries, departments, for autonomous bodies with their own approved financial regulations, the GFRs cover aspects like budgeting, procurement, expenditure, and accounting. In a post on social media platform X, Singh noted that the move will enhance autonomy for young researchers. 'Here is a heartening news and a major breakthrough for young aspiring startups, innovators, and researchers: In a landmark step enabling ease of doing research, the GFR rules have been simplified for procurement of scientific equipment and consumables,' Singh said. 'This will reduce delays, also enhance autonomy and flexibility for research institutions -- empowering them to innovate faster,' he added. The MoS also lauded Prime Minister Narendra Modi 'for this transformative reform which will accelerate the technology-driven journey of Viksit Bharat'. An Office Memorandum, dated June 5, permitted Vice-Chancellors, directors of scientific organisations, and academic institutions 'to make non-Government e-Marketplace (GeM) procurement of scientific equipment and consumables'. The order is valid only for departments of Science and Technology; Biotechnology; Scientific and Industrial Research; Atomic Energy; Space; Earth Sciences; Defence Research and Development Organization; Indian Council of Agricultural Research (ICAR), including its affiliated institutions and Universities; Health Research (DHR), including Indian Council of Medical Research; educational and research institutes conducting post-graduate/ doctoral level courses or research, under any Ministry/ Department, the memorandum said. With the simplified rules, the limit of purchase of goods without quotation has been increased from the current Rs. 1,00,000 to Rs. 2,00,000. Similarly, the limit on the purchase of goods by the Purchase Committee has been increased to Rs. 2,00,000 and up to Rs. 25,00,000. For the Limited Tender Enquiry (LTE), the amended limit is up to Rs. 1 crore, while for Advertised Tender Enquiry, the new limit is above Rs. 1 crore, the memorandum said. The amendment is likely to provide greater flexibility to scientific Ministries to import and buy equipment necessary for research.
