Page-2 of Government procurement Current Affairs, GK & News

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. What is Government E-Market Place? It is an online marketplace to facilitate procurement of goods ..


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 the advisers will be to work on the Expression of Interest for the Naval Utility ..


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 Policy launched in 2012 mandates that 20% of the total annual purchases of the Central ..


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 and Service Delivery”. The purpose of the 3-day Conference was to enable the Heads of ..


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 mechanisms for skills development and increase access to quality and market-relevant training for the workforce. ..


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