Procurement
Public Procurement Order, 2017 amended
The Government of India has recently amended the public procurement order 2017. The amendment has been made to curtail Chinese investment. According to the amendment the entities of countries that do not allow Indian companies to participate in their government ..
Month: Current Affairs - September, 2020
Direct Procurement of Apple from Farmers in J and K
The government is planning to procure nearly 60 per cent of the estimated annual apple production in Jammu and Kashmir directly from the farmers. In the coming days, around 13 lakh metric tonnes of apples would be procured under the ..
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 ..
Giriraj Singh launches a public procurement portal ‘MSME Sambandh’
Giriraj Singh, the Union Minister of State (Independent Charge) for MSME, has launched a Public Procurement Portal ‘MSME Sambandh’ in New Delhi on December 8, 2017. The purpose of the portal is to monitor the implementation of the Public Procurement ..
20 % penalty for foreign military vendors not meeting offset obligations
The Ministry of Defence announced a penalty of 20 % to be imposed on foreign military vendors who are ubable to fulfill offsets obligation within the prescribed time frame as part of the Defence Procurement Procedure. · No cap on ..