[FINANCIAL NEWS] Tenders worth Rs 40,000 crore was cancelled or modified due to discriminatory and restrictive conditions with an aim to promote 'Make in India' in government procurement, according to the commerce and industry ministry.
Technical Regulations (TRs) on focus products with import value of about USD 47 billion was formulated to ensure low quality and harmful products do not enter the market, it said adding customs duty was increased on 173 items and imports of 44 items are either prohibited or restricted.