UPSC cse Sankalp se Siddhi
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The Centre has proposed to relax the General Financial Rules (GFR) to enable all government organisations to accept “untested innovative goods and services solutions from start-ups.”

A minimum 2% of the procurement budget of a ministry or department may be “earmarked for procurement.

GFRs are a compilation of rules and orders of Government of India to be followed by all while dealing with matters involving public finance.

Source : The Hindu
UPSC cse Sankalp se Siddhi
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