The Government of Bihar on July 16, 2024, notified Bihar Financial (Amendment) Rules, 2024 to amend the Bihar Financial Rules, 1950.
The following has been stated: -
• Rule 131B is substituted as follows: -
"State Government may notify Purchase Preference policy related provisions for Procurement of Goods & Services from industrial units/Enterprise located within the State of Bihar.
Provisions of such Purchase Preference policy shall have an overriding effect on all existing and notified provisions by the State Government in this regard."
It shall come into force on July 16, 2024.
[Notification No.-M-4-03/2021-7617/F]
