New Delhi, June 7 -- The Central government has raised financial limits under the General Financial Rules (GFRs) for procurement of scientific equipment and consumables.

The simplification of GFRs will reduce delays and enhance autonomy and flexibility for the research organisations.

Under the new rules, the Finance Ministry said that Vice Chancelors, Dierectors and academic institutions under specified departments and ministries will be able to make non-Government e-Marketplace (GeM) procurement of scientific equipment and consumables.

As per the notification of the Finance Ministry, the institutions can now procure scientific instruments and consumables worth up to Rs 2 lakh without the need for quotations. The earlier limit was Rs 1...