Books & Magazines

Prelims Wallah (Q&A Bank)

Udaan

Udaan 500+

Budget & Economic Survey

Monthly Current Wallah

Weekly Current Wallah

Editorial Summary

Editorial Q&A Compilation

NCERT Wallah

Prahaar (Mains Wallah)

Marks Booster

Mains Wallah (Q&A Bank)

UPSC PYQs

UPSC Notes

CA & Editorials

Daily Current Affairs

Subject Wise Current Affairs

Editorial Analysis

Other Resources

Current Affairs

Procurement Through Government e Marketplace (GeM)

Procurement Through Government e Marketplace (GeM)

PWOnlyIAS

December 15, 2023

Context: Procurement of goods and services through the Government e Marketplace (GeM) is expected to reach Rs 3.5 lakh crore by the end of this fiscal year.

More About the news:

  • Increase in procurement: This is driven by increased purchasing activities across various Ministries and Departments.
  • Procurement by Central Public Sector Enterprises (CPSE):  It contributes to nearly 63% of its total Gross Merchandise Value (GMV). 
    • The purchase by CPSEs on GeM accounted for almost 63% of the entire procurement.
    • In 2023–24, CPSE procurement exceeded Rs 1 lakh crore in just 6.5 months. 

About Government e Marketplace (GeM)

  • About: GeM is a one stop portal to facilitate online procurement of common use Goods & Services required by various Government Departments / Organizations / PSUs. 
  • Aim: Launched in 2016, it aims to enhance transparency, efficiency and speed in public procurement. 
  • Nodal Ministry: Ministry of Commerce
  • Mandatory Purchase by Government Entities: The purchases through GeM by Government users have been authorized and made mandatory by the Ministry of Finance.

News Source: Economic times

 

Print Friendly, PDF & Email

To get PDF version, Please click on "Print PDF" button.

Print Friendly, PDF & Email

Recent Editorial

India-Australia Defence Ties Beyond American Shado...

A Strategy Fuelled by Vision, Powered by Energy

​Act North: On the Needs of Ladakh

Strengthening the U.S.-India Subsea Cable Agenda

On India and COVID-19

The DM Position is Outdated. It’s a Personality ...

Popular current affairs

Scheme to Promote Manufacturing of Electric Passen...

Ladakh’s New Rules on Quota, Domicile and Hill C...

First Fusion-Fission Hybrid Reactor: China Unveils...

Legislatures Enacting Laws Not Contempt of Court: ...

ICRISAT Centre of Excellence for South-South Coope...

World Air Transport Summit 2025 Key Highlights

Our Courses

Our Courses

Need help preparing for UPSC or State PSCs?

Connect with our experts to get free counselling & start preparing

Aiming for UPSC?

Download Our App

# #

Download Our App

# #

Contact Details

Aiming for UPSC?

Download Our App

# #
      

Follow Us:

Contact Details

Download Our App

# #
Quick Revise Now !
AVAILABLE FOR DOWNLOAD SOON
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

<div class="new-fform">






    </div>

    Subscribe our Newsletter
    Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.
    *Promise! We won't spam you.
    Yes! I want to Subscribe.