Tag: department of expenditure
Govt to replace WPI with Producer Price Index for future procurement contracts
New Delhi: The Centre is preparing to replace the Wholesale Price Index (WPI) with the Producer Price Index (PPI) for price escalation and price adjustment…
Firms defaulting on labour wage may face ban from govt tenders
The finance ministry has amended the General Financial Rules, allowing all central agencies to bar contractors from bidding for any government projects if they fail…
Part of state capex loan tied to fiscal discipline
NEW DELHI: The Centre has, for the first time, tied a portion of funding under the Special Assistance to States for Capital Investment (SASCI) scheme…
Centre, states discuss use of AI in governance
NEW DELHI: The Centre Saturday discussed with states various ways in which Artificial Intelligence can be used effectively for decision making and policy formulation in…
Centre eases norms for states to avail capex loans
New Delhi: The Centre has eased conditions for states to avail loans for capital expenditure under the Scheme for Special Assistance to States for Capital…