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New Delhi, Apr 6 (PTI) Public procurement platform Government e-Marketplace (GeM) facilitated transactions worth Rs 5.03 lakh crore in 2025-26, down 7.4 per cent from the previous fiscal, a senior official said on Monday. GeM facilitated transactions worth Rs 5.43 lakh crore in 2024-25. GeM CEO Mihir Kumar said the decline in growth can be attributed to a reduced contribution from the coal ministry, whose share in total sales fell from 34 per cent to 20 per cent in 2025-26 (Rs 1,02,219 crore). ...Read More >
Lucknow, Apr 8 (UNI) Uttar Pradesh Chief Minister Yogi Adityanath reviewed the procurement made by Uttar Pradesh on the GeM portal during the financial year 2025-26, as well as the GeM Procurement Policy issued on November 26, 2024. The Chief Minister stated that the Centre has appreciated Uttar Pradesh's GeM procurement policy. He was informed that the central government has declared it a model policy and has advised other states to adopt a similar framework. This policy has significantly imp ...Read More >
New Delhi, Apr 6 (PTI) Public procurement platform Government e-Marketplace (GeM) facilitated transactions worth Rs 5.03 lakh crore in 2025-26, down 7.4 per cent from the previous fiscal, a senior official said on Monday. GeM facilitated transactions worth Rs 5.43 lakh crore in 2024-25. GeM CEO Mihir Kumar said the decline in growth can be attributed to a reduced contribution from the coal ministry, whose share in total sales fell from 34 per cent to 20 per cent in 2025-26 (Rs 1,02,219 crore). ...Read More >
New Delhi: In a move aimed at enhancing transparency in public works, the Flood Control and Irrigation Department has shifted the submission of Earnest Money Deposit (EMD) in tenders to a completely online system, doing away with physical deposits at project offices.Officials said the earlier mechanism required bidders to submit EMDs in person, leading to unnecessary human interface, concerns over information leaks and questions about fairness in the bidding process. Under the revised system, bi ...Read More >
NEW DELHI: India's imports of telecom equipment from China rose to $6.37 billion (about ₹59,500 crore) in 2023-24, up from $5.55 billion in 2019-20, Minister of State for Communications Chandra Sekhar Pemmasani informed the Parliament on Wednesday. Pemmasani, in a written reply to Lok Sabha, said that total imports in the telecom equipment category rose from $13.33 billion in 2019-20 to $17.01 billion in 2023-24. "The imports under the principal commodity 'telecom instruments' have increased f ...Read More >
New Delhi, Dec 15 (SocialNews.XYZ) More than 7.28 crore micro, small, and medium enterprises (MSMEs) have registered on the Udyam Registration Portal to date since it was launched in July 2020, the Parliament was informed on Monday. Following the registration, these enterprises have become eligible to avail the benefits of various government schemes, including access to formal credit and government procurement opportunities. Further, more than 50 API integrations have been established with var ...Read More >
India and the EU will discuss key areas of the proposed free trade agreement (FTA) including market access, non-tariff measures and regulatory cooperation, during commerce and industry minister Piyush Goyal's visit to Brussels on October 27-28. Goyal will hold high-level discussions with Maroš Šefčovič, Executive Vice-President and European Commissioner for Trade of the EU. "The visit will also serve to review progress achieved so far and to identify areas requiring further convergence," the ...Read More >
New Delhi [India], September 27 (ANI): The Government e Marketplace (GeM) and the Arun Jaitley National Institute of Financial Management (AJNIFM), on Wednesday, signed a Memorandum of Understanding (MoU) to strengthen India's public procurement system through training, research and knowledge building. According to a statement, the MoU, signed in Delhi, aims to integrate GeM's digital procurement platform with AJNIFM's expertise in training and capacity building. The release stated that the col ...Read More >
New Delhi [India], September 27 (ANI): The Government e Marketplace (GeM) and the Arun Jaitley National Institute of Financial Management (AJNIFM), on Wednesday, signed a Memorandum of Understanding (MoU) to strengthen India's public procurement system through training, research and knowledge building. According to a statement, the MoU, signed in Delhi, aims to integrate GeM's digital procurement platform with AJNIFM's expertise in training and capacity building. The release stated that the col ...Read More >
India on Sunday (September 14, 2025) unveiled a new framework to streamline, simplify and rationalise the revenue procurement process for the armed forces, with an overall focus on making available required resources without any delays. The Defence Procurement Manual (DPM) 2025 lays down the guiding principles and provisions for all revenue procurements in the Defence Ministry valued around ₹1 lakh crore for the current fiscal, an official readout said. "It will foster jointness among the thre ...Read More >
NEW DELHI: Defence Minister Rajnath Singh on Sunday approved the Defence Procurement Manual (DPM) 2025, which aims to streamline, simplify, and rationalise the revenue procurement process in the Ministry of Defence while addressing the evolving needs of the Armed Forces in modern warfare. "The new manual aims to achieve self-reliance in fulfilling the needs of the Armed Forces under Revenue Head (Operations & Sustenance Segment). It will foster jointness among the three Services and help in mai ...Read More >
New Delhi [India], September 14 (ANI): Defence Minister Rajnath Singh approved the Defence Procurement Manual (DPM) 2025 to further streamline, simplify, enable and rationalise the revenue procurement process in the Ministry of Defence and cater to the emerging requirements of the Armed Forces in the era of modern warfare. The new manual is aimed at achieving self-reliance in fulfilling the needs of the Armed Forces under Revenue Head (Operations & Sustenance Segment). It will foster jointness ...Read More >
India introduces the Defence Procurement Manual (DPM) 2025, modernizing the revenue procurement process for the armed forces. Aimed at enhancing jointness among the services, it promises timely resource availability, supports Aatmanirbharta, and aligns with updated procurement norms emphasizing technology, transparency, and fairness. In a bid to modernize its defence acquisition strategy, India has introduced the Defence Procurement Manual (DPM) 2025, which promises to streamline and simplify t ...Read More >
New Delhi, Sep 14 (PTI) India on Sunday unveiled a new framework to streamline, simplify and rationalise the revenue procurement process for the armed forces with an overall focus on making available required resources without any delays. The Defence Procurement Manual (DPM) 2025 lays down the guiding principles and provisions for all revenue procurements in the defence ministry valuing around Rs 1 lakh crore for the current fiscal, an official readout said. "It will foster jointness among the ...Read More >
New Delhi [India], August 14 (ANI): The credit-to-deposit ratio in Indian banks has stayed below 80 per cent as credit offtake in the country continues to lag, according to a report by CareEdge Ratings. The report highlighted that while both credit offtake and deposit growth have increased sequentially, they remain significantly lower than the levels seen last year. Deposits continued to outpace credit offtake in the current fortnight, leading to a narrowing of the credit-deposit gap. It state ...Read More >
Hyderabad: The Commissioner of the Greater Hyderabad Municipal Corporation, RV Karnan, has declared that the GHMC is fully prepared to handle any disastrous events following Indian Meteorological Department's warnings regarding upcoming heavy rainfall. On Wednesday, the Commissioner conducted an inspection of the control room at the GHMC headquarters. He asked about the complaints received and assessed the operations of the control room. Karnan instructed the control room staff to remain vigila ...Read More >
Bhubaneswar: The Odisha government on Tuesday chalked out a plan to keep a tab on punctuality, efficiency and honesty of State government employees. A decision in this regard was taken at the all-secretaries meeting chaired by Chief Secretary Manoj Ahuja. "The issues like action taken for not being present in the office on time, early retirement of government officials and employees who are not performing their work properly, institutional strengthening of action taken against corruption, givin ...Read More >
BHUBANESWAR: Amid the push for Atmanirbhar Bharat and Make-in-India in view of the changing geopolitical scenario, the state government has amended Odisha General Financial Rules (OGFR), 2023 enabling restrictions on procurement from certain countries. The amendments, notified by the Finance department on Thursday, authorised the state to bar procurement from bidders, who are either based in or have commercial arrangements with entities from countries or classes of countries that may pose a ris ...Read More >
India and Kyrgyzstan have reinforced their economic ties with the enforcement of a new Bilateral Investment Treaty (BIT), effective June 5, 2025. Replacing the 2000 agreement, the BIT aims to protect cross-border investments and create a secure environment for investors. It balances investor rights with sovereign regulatory powers, promoting sustainable development and transparent investment.Finance Minister Nirmala Sitharaman and Kyrgyz Foreign Affairs Minister Zheenbek Kulubaev Moldokanovich o ...Read More >
New Delhi [India], June 5 (ANI): The new Bilateral Investment Treaty (BIT) between India and the Kyrgyz Republic comes into force on Thursday, marking a significant milestone in their bilateral economic relations. Union Minister for Finance and Corporate Affairs Nirmala Sitharaman and Minister of Foreign Affairs of the Kyrgyz Republic, Zheenbek Kulubaev Moldokanovich signed the Protocol and exchanged Instrument of Ratification of the Bilateral Investment Treaty (BIT) in New Delhi. According to ...Read More >
New Delhi: Finance Minister Nirmala Sitharaman and the Kyrgyz Republic's Minister of Foreign Affairs Zheenbek Kulubaev Moldokanovich signed the protocol and exchanged the instrument of ratification of the India-Kyrgyzstan Bilateral Investment Treaty (BIT) here on Thursday. The Bilateral Investment Treaty (BIT) signed on June 14, 2019, in Bishkek, between the Government of India and the Government of the Kyrgyz Republic, enters into force with effect from 5th June 2025. This new BIT replaces the ...Read More >
New Delhi, June 5 (IANS) Finance Minister Nirmala Sitharaman and the Kyrgyz Republic's Minister of Foreign Affairs Zheenbek Kulubaev Moldokanovich signed the protocol and exchanged the instrument of ratification of the India-Kyrgyzstan Bilateral Investment Treaty (BIT) here on Thursday. The Bilateral Investment Treaty (BIT) signed on June 14, 2019, in Bishkek, between the Government of India and the Government of the Kyrgyz Republic, enters into force with effect from 5th June 2025. This new BI ...Read More >
New Delhi, Jun 5 (PTI) Fintech firm BimaPay Finsure on Thursday said it has entered into corporate insurance financing and aims for Rs 20 crore in premiums in 2025-26. Launching the pilot phase with insurance partners, BimaPay said the initiative will allow businesses to pay premiums in easy equated monthly instalments (EMIs) instead of bearing the burden of full upfront costs. Also Read | Who Is Pinaki Misra? From Age to Family Background and Net Worth, Here's All About BJD Leader With Whom M ...Read More >
New Delhi, Jun 5 (PTI) Finance Minister Nirmala Sitharaman and Kyrgyz Foreign Affairs Minister Zheenbek Kulubaev Moldokanovich on Thursday signed a protocol for enforcement of a bilateral investment treaty to foster bilateral economic relations and encourage cross-border investments between the two nations. The Bilateral Investment Treaty (BIT) signed on June 14, 2019, in Bishkek, between the Government of India and the Government of the Kyrgyz Republic, enters into force, with effect from June ...Read More >
New Delhi, Jun 5 (PTI) Finance Minister Nirmala Sitharaman and Kyrgyz Foreign Affairs Minister Zheenbek Kulubaev Moldokanovich on Thursday signed a protocol for enforcement of a bilateral investment treaty to foster bilateral economic relations and encourage cross-border investments between the two nations. The Bilateral Investment Treaty (BIT) signed on June 14, 2019, in Bishkek, between the Government of India and the Government of the Kyrgyz Republic, enters into force, with effect from June ...Read More >
New Delhi: The Centre is working on green steel mandates for the local steel industry, supported by government procurement and financial incentives, as the world's second-largest maker of the alloy works to prepare the sector for the future. The upcoming National Green Steel Mission is likely to mandate steelmakers to make a fixed share of their overall output green, the people cited above said on the condition of anonymity. The government will also support green steel with a public procurement ...Read More >
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