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Business
Aug 14, 2026, 3:55 PM·4 views

FinMin warns against high turnover, payroll criteria in GeM tenders

The Finance Ministry has advised central government entities procuring consultancy services through the GeM portal against prescribing excessively high turnover and payroll requirements, saying such criteria could…

PolicyDriftFinMin warns against high turnover, payroll criteria in GeM tenders

The Finance Ministry has advised central government entities procuring consultancy services through the GeM portal against prescribing excessively high turnover and payroll requirements,.

The Finance Ministry has advised central government entities procuring consultancy services through the GeM portal against prescribing excessively high turnover and payroll requirements, saying such criteria could unnecessarily restrict competition. In an office memorandum, the Department of Expenditure said that procurement agencies should ensure that the prescribed minimum staff strength in a tender is commensurate with the manpower required for the satisfactory execution of the consultancy assignment. "... Disproportionately high staff strength requirements, without adequate justification, may unnecessarily restrict competition," said the memorandum issued by the Procurement Policy Division of the Expenditure Department. The department said a sample study of consultancy procurement tenders floated on the Government e-Marketplace (GeM) over the last three financial years had revealed certain issues about eligibility and qualification criteria. The study revealed instances of ...

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BUSINESS23M AGO

Fed Faces High Stakes Test at Jackson Hole

Fed Chair Kevin Warsh heads into Jackson Hole under heightened scrutiny after the Treasury’s intervention in the bond market raised questions about the traditional boundaries between fiscal and monetary policy. Host of…

BUSINESS41M AGO

Rep. McCormick Warns Against Slowing AI Buildout

Representative Rich McCormick is on Bloomberg This Weekend with David Gura and Christina Ruffini and says the US should continue expanding data centers to support its leadership in artificial intelligence, arguing they…

BUSINESS57M AGO

Data Center Expansion Tests Voter Patience

The rapid expansion of AI data centers is becoming a political issue in Ohio as residents raise concerns about higher electricity bills, tax incentives and secrecy around local development deals. Representative Greg…

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