Procurement

Persistent inflation in cereals and pulses ahead, says D K Joshi of Crisil

The government has taken several steps including imposing stock limits on pulses and removing the procurement ceiling for market stabilisation.

Farm Uneasy: Despite push towards access to formal credit, most farmers continue to rely on middlemen for loans

To meet their growing expenditure, from daily needs and health emergencies to weddings and sending their children abroad for studies, farmers rely on Arhtiyas despite the heavy interest they pay. Arhtiyas remain crucial for the farm economy of Punjab and Haryana

Wheat procurement up 12% at 111 lakh tonne so far

”Wheat procurement is progressing smoothly,” said a senior food ministry official. About 11,89,237 farmers have been benefitted so far from the procurement operation with an expected MSP outflow of Rs 23,663.63 crore, the official added.

Additional Rs 1.45 lakh crore budget for FCI is indicative estimate; food subsidy 'adequate' for procurement: Govt

Food Corporation of India (FCI) is the Centre's nodal agency for procurement and distribution of foodgrains through the Public Distribution System (PDS).

Union Budget 2023: Indian Railways' capex allocation increases to Rs 2.927 lakh crore

Union Budget 2023: The annual expenditure will be funded through budgetary support of almost Rs 2.4 lakh crore in FY24, against revised budgetary support of Rs 1.591 lakh crore for FY23.

Budget 2023: Indian Railways capex allocation rises to Rs 2.4 lakh crore, highest ever

The railways was allocated Rs 1.4 trillion in the Union Budget 2022-23, of which Rs 1.37 trillion is earmarked for capital expenditure and Rs 3,267 crore for revenue expenditure.

Govt's paddy procurement rises 10% to 541.90 lakh tonne so far

The government aims to procure 775.72 lakh tonne of paddy in the 2022-23 kharif marketing season (October-September).

Indian Railways may place mega order for 50,000 wagons in budget

Last year, the government said it plans to purchase 90,000 wagons to transport coal, cement and food grains.

India to send trade delegations to 9 countries to boost wheat exports

Government plans to push wheat exports, even as domestic prices reach decadal highs, raising retail prices of Atta as well.

Exclusive | Govt may impose export controls on wheat by June

The sudden fall in wheat yields due to the heatwave across North India, and continuing bulk purchases by traders eyeing exports, have led to government procurement slowing down. If the situation persists, restrictions could become inevitable soon, say officials.

Farm laws fiasco: Much ado about nothing or a lost opportunity?

Farmer unions might press for statutory guarantee of remunerative prices for all agricultural produce and for all cultivators.

Procurement Reforms | New bidding process is not at the cost of the existing L1 system

Be it the L1 system, or the QCBS, or the fixed system, these are just one aspect of the complex procurement process. Vibrancy and maturity of commodity market, diffusion and innovation of technology, patenting issues, etc. are some representative issues that equally matter

Quality of infrastructure to improve with adoption of QCBS method for procurement: Experts

Another significant reform in the October 29 guidelines by the government deals with delay in payments to contractors. As per the guidelines, 75 percent of the running bill should be released in 10 working days and the balance 25 percent within 28 working days.

GeM to roll out mobile app to facilitate MSME sellers get instant loans

The number of MSEs registered on the GeM platform has increased by over 62 percent since the last FY (2019-20). In FY2016-17, 3000 MSMEs were registered on GeM.

MSME Sambandh: Government surpasses procurement target in FY21; five ministries beat the 25 percent target for financial year

Despite bettering the objective, the annual acquisition from SC/ST and women entrepreneurs, earmarked at 4 percent and 3 percent respectively, has continued to miss the target for the third consecutive financial year

Public procurement from women-owned MSEs in FY21 surpasses FY20 level

So far this fiscal, CPSEs have purchased goods worth Rs 558.85 crore, benefitting 3596 MSEs.

IRB Infra expects 16-18% returns from Rajasthan project: Chief

IRB Infra is set to boost with an order win for 90 kms of 6-laning part of NH-79A and NH-79. This is the third order in couple of months and 30 km target has been completed, said VD Mhaiskar, company's CMD.

Prabhat Dairy chief sees no impact of demonetisation on milk biz

In an interview with CNBC-TV18, Vivek Nirmal, Joint MD of of the company, says that demonetisation is not having an impact on their business as they make payments directly to customers for milk procurement business.

Low procurement rate may impact Railway projects: Titagarh

Speaking to CNBC-TV18, Umesh Chowdhary, VC &MD of Titagarh Wagons said that the Railways might not be able to achieve its targets due to low procurement rates.

Govt may bundle road projects to boost minimum investment size

The development comes in the wake of the Cabinet earlier this month giving nod to a proposal from the Road Transport and Highways Ministry to monetise public-funded national highway projects, a move that can garner about Rs 1 lakh crore.

Aiming for Rs 500 cr revenues in FY17: Ujaas Energy

The company currently has 25 megawatt of orders and bid-book of around 85 MW, said Anurag Mundra, Joint MD & CFO, Ujaas Energy.

Blacklisting of firms not to hinder procurement: Parrikar

Defence firms that have committed corruption-related offences will face action under a proposed blacklisting policy but the government will not hesitate to buy a product from another company even if any equipment or software manufactured by the blacklisted entity was embedded into it.