Page-2 of Supply chain management Current Affairs, GK & News

Bank of Baroda launches digital Supply Chain Finance solution

The Bank of Baroda (BoB) has launched a digital supply chain finance solution to offer working capital loans to small and medium enterprise and large corporate clients. The solution will cover pre and post shipment products – dealer or channel finance, vendor finance and payable finance. This service will accelerate working capital loans by enhancing ..

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The Karnataka government ties up with Microsoft to develop India’s first Farm Price Forecasting Model

The Karnataka Government has signed a Memorandum of Understanding (MoU) with software giant Microsoft India to develop a unique “farm price forecasting model” using latest IT tools in a bid to help farmers, administrators and other stakeholders to understand the market behaviour in advance. The proposed initiative is said to be the first-of-its-kind in the ..

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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 penalty for inability to implement offset obligations during the period exceeding the main procurement contract, ..

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