Massive Exercise to supply pulses and food grains to 80 crore people

On May 8, 2020, Union Minister for Food and Public Distribution Shri Ram Vilas Paswan announced that NAFED (National Agricultural Cooperative Marketing Federation of India Limited) is to provide free pulses for three months to more than 19.5 crore households ..

Month: Current Affairs - May, 2020

CMIE: Unemployment rate climbs to 27.1%

On May 5, 2020, the Centre for Monitoring of Indian Economy released unemployment data. According to the data, 121.5 million are without works. Highlights The data says that 91,3 million daily wage labourers were out of their jobs due to ..

Month: Current Affairs - May, 2020

Procurement of Pulses and Oil Seeds from Farmers

The Government of India has procured oil seeds and pulses from farmers directly at Minimum Support Prices. Currently, the Price Support Scheme for the Rabi season has been launched in Andhra Pradesh, Karnataka, Rajasthan, Telangana, Uttar Pradesh, Haryana and Maharashtra. ..

Month: Current Affairs - April, 2020

MoD signs 880 crore contract with Israel Weapons Industries

The Defence Ministry has recently signed an 880-crore contract with Israel Weapons Industries (IWI) for procurement of 16,479 light machine guns (LMGs). According to the contract which was signed with the Israel-based arms industry company, it would provide Negev 7.62 ..

Government to include the regional language in the medicine labels

The government procurement agencies should take necessary steps in the tendering process to include the regional language, along with English in the medicine labels by the recommendations of Health and Family Welfare ministry. The aim is to curb fake, sub-standard ..

Govt Targets Rs 50,000-Crore in Fiscal Year 2020 Through Gem

India’s public procurement portal Government e-marketplace (GeM) has witnessed a multifold increase in transactions which ultimately led the Commerce Ministry to set a target of Rs 50,000 Crore in 2019-20, and hitting Rs 1 trillion worth of procurements by 2021. ..

SBI Caps appointed as transaction adviser to Ministry of Defence

For the first time, the Defence Ministry has appointed a transaction adviser and a legal adviser for procurement projects under the Strategic Partnership (SP) model. SBI Caps [Capital Markets] has been appointed as the transaction adviser. The first task for ..

Msme Sambandh

MSME Sambandh is a Public Procurement portal for Micro Small and Medium Enterprises (MSME) launched by government. The objective of the portal is to monitor the implementation of the Public Procurement from MSEs by Central Public Sector Enterprises. Note: Procurement ..

New Delhi hosts 5th edition of South Asia Region Public Procurement Conference

The 5th edition of the South Asia Region Public Procurement Conference (SARPPC-2018) was inaugurated by Arun Jaitley, the Union Minister of Finance and Corporate Affairs, in New Delhi on February 5, 2018. The theme of the conference is “Public Procurement ..

India signs loan agreement with World Bank (WB) for SANKALP project

The Government of India (GoI) has signed a $250 million loan agreement with the World Bank for Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP) Project on December 13, 2017. The purpose of the project is to enhance institutional ..