Home  /  Daily Current Affairs  /  24-09-2021 / Government e-Marketplace (GeM)

Government e-Marketplace (GeM)

Posted on September 24, 2021 by admin1  65

In Context 

  • Government e-Marketplace (GeM) was announced as the winner in the “Best Use of Digital Technology” category at the CIPS Excellence in Procurement Awards 2021 (CIPS Awards). 

CIPS Awards 

  • They are one of the leading recognitions around procurement globally, which is conducted under the aegis of The Chartered Institute of Procurement & Supply (CIPS), London. 
  • CIPS is a global not-for-profit organisation and professional body dedicated to promoting good practices in procurement and supply management, with a community across 150 countries.

Government e-Marketplace (GeM)

  • It was launched in 2016.
  • It is a 100% Government owned Section 8 Company set up under the aegis of the Department of Commerce, Ministry of Commerce and Industry.
  • It is a one-stop National Public Procurement Portal to facilitate online procurement of common use Goods & Services required by various Central and State Government Departments / Organizations /Public Sector Undertakings ( PSUs).
  • The government has made it mandatory for sellers on the Government e-Marketplace (GeM) portal to clarify the country of origin of their goods when registering new products.
  • Facilities provided by GeM:
  • Listing of products for individual, prescribed categories of Goods/ Services of common use.
  • Estimation, comparison and buying facility on dynamic pricing basis.
  • Buying Goods and Services online, as and when required.
  • Transparent, efficient, easy, secure and cost-saving of buying goods. 
  • Useful for low value buying and also for bulk buying at a competitive price using Reverse Auction/ e-bidding.
  • Continuous vendor rating system.
  • Achievements 
    • GeM has completely replaced a previously fragmented public procurement ecosystem with a unified and easy-to-use e-marketplace helping to leverage competitiveness, accessibility, and economies of scale of a diverse, open and transparent procurement system. 
    • GeM is an example of how digital platforms created with a strategic and clear intent to transform legacy processes can effect lasting change.

Source: PIB

 
Previous article Ammonium Nitrate Rules Amended
Next article International Hydropower Association (IHA)

Other News of the Day

In Context The Union Minister of Commerce and Industry has launched the National Single Window System (NSWS) for investors and businesses. What is the National Single Window System (NSWS)? It is a one-stop digital platform that aims at allowing investors to apply for various pre-operations approvals required for commencing a business in the country.   It...
Read More

In News Recently, a volcanic eruption on the Spanish Canary Island of La Palma has led to mass evacuation of around 5000 people. The volcano erupted for the first time in 50 years . About La-Palma Image Courtesy: IMO La Palma is one of Spain’s Canary Islands, off northwestern Africa.  Its rugged, forested terrain is...
Read More

In News  Recently, Northwestern University engineers have created an electronic microchip with the capability of flight.  About The new flying microchip(micro flier) is about the size of a grain of sand and much smaller than a regular-sized ant.  It operates without a motor or engine, catching flight through wind via a propeller-like helicopter. The micro...
Read More

In News  The Students' Educational and Cultural Movement of Ladakh (SECMOL) has become the first-of-its-kind institute in the Union Territory to have an internet connection using Light Fidelity (LiFi) technology. The faculties and students would get faster and safer internet connections over the existing electric power lines for various educational purposes. What is Light Fidelity...
Read More

In News  Recently, the World Health Organisation (WHO) released a revised Global Air Quality Guidelines announcing more stringent limits for six pollutant categories —particulate matter (PM), ozone (O3), nitrogen dioxide (NO2) sulfur dioxide (SO2) and carbon monoxide (CO).  Objective and Need  Air pollution is one of the biggest environmental threats to human health, alongside climate...
Read More

In Context  The Prime Minister of India will announce the nationwide roll-out of the Pradhan Mantri Digital Health Mission on September 27. The mission is being rolled out on a pilot basis in six union territories including Puducherry, Chandigarh, Ladakh, Lakshadweep, Andaman and Nicobar Islands, Daman, Diu, Dadra and Nagar Haveli. National Digital Health Mission...
Read More

In News The meeting of foreign ministers from the South Asian Association for Regional Cooperation (SAARC) countries has been cancelled.  The meeting was set to be held in New York on 25 September 2021. It was to be hosted by Nepal. The suspected reason may be disagreement among the member states over the participation of...
Read More

In News The Ministry of Women and Child Development has been promoting the establishment of ‘Poshan Vatikas’ across the country. About Poshan Vatikas Aim: To provide a fresh supply of fruits, vegetables and even medicinal plants, especially in aspirational districts.  Ministry: The Ministry of Women and Child Development  Meaning: It literally translates to nutri-gardens. Atmanirbhar...
Read More

In News FSSAI has mandated to reduce the limit of industrially produced trans-fat, it must not be more than 2%.  The step has been taken to make the country free from the industrially produced trans fats by the year 2022, a year ahead of the World Health Organisation guidelines. About The FSSAI has capped the...
Read More

In News A US intelligence officer travelling with the CIA Director has reported symptoms of Havana Syndrome while the two were in India. About This is the first instance of the phenomenon being reported in India, at least on record, and could have diplomatic implications. India’s Stand: India is not in possession of any such...
Read More