From April 1, all central ministries and public sector units will have to float e-tenders for procuring goods and services exceeding Rs 2 lakh, a move aimed at bringing transparency in government purchases. At present, e-procurement is mandatory for purchases of Rs 5 lakh or more. Government procures goods, services and work contracts.In January, the expenditure department had decided the tender value limit of Rs 10 lakh spent n respect of e-procurement would be brought down to Rs 5 lakh from April 1, 2015 and further down to Rs 2 lakh from April 1, 2016. As per its nstructions it is mandatory for all central ministries, departments and central public sector enterprises, and autonomousstatutory bodies to publish their tenders on the Central Procurement Portal after a certain threshold imit. In 2014-15, about 3.81 lakh e-tenders were floated worth Rs 2.12 lakh crore. According to latest data, in 2015-16 so far, 471,826 e-tenders have been floated entailing an amount about Rs 3.49 lakh crore.
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