Govt raises financial limits to ease procurement for scientific research
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The government has increased financial limits for procuring scientific equipment and consumables to enhance research capabilities. Vice-chancellors and directors can now purchase items worth up to ₹2 lakh without quotations, and committee purchases have a new limit of ₹25 lakh. The threshold for limited and advertised tender enquiries has risen to ₹1 crore. Additionally, global tender enquiries for research-related procurement can now be approved up to ₹200 crore. These changes aim to reduce delays and promote innovation across various research institutions, including those in defense and health sectors.
Source: Business Standard The copyright of this article belongs to the original author/organization.
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