Amendment to General Financial Rules 2017

On 24th July, 2020, the Government amended the General Financial Rules 2017 to enable imposition of restrictions on bidders from countries which share a land border with India on grounds of defence of India, or matters directly or indirectly related thereto including national security.

  • For this, Rule 144 of the General Financial Rules 2017 entitled ‘Fundamental principles of public buying’ has been amended.

Reason for Such Action

  • Chinese imports and investments have been facing intense scrutiny in India after a tense border standoff since the last few months.
  • The decision has been taken to prevent the influx of Chinese products and investments ....
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