Public Procurement Current Affairs - 2019
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Government e-Marketplace (GeM) signed Memorandum of Understanding (MoU) with Union Bank of India (UBI). Through this partnership, UBI will be able to offer array of services including transfer of funds through GeM Pool Accounts (GPA), advising of Performance Bank Guarantees (e-PBG) and Earnest Money Deposit (EMD) to the registered users on the GeM portal. It will also facilitate cashless, paperless and transparent payment system on GeM portal and will create an efficient procurement system for government entities.
Online integration for payments and various banking services is one of the priorities for GeM. So far, GeM has signed MoU with 14 Public Sector and private banks to enable this. It is also working with others banks, TReDs, and SIDBI to provide invoice financing and Bill Discounting to MSMEs registered on GeM. This will help MSMEs access easy credit and do better business with Government Departments.
About Government e-Marketplace (GeM)
It is an online marketplace launched by Union Government in 2018 to facilitate procurement of goods and services by various Ministries and agencies of the Government. It offers online, end to end solution for procurement of commonly used goods and services for all central government and state governments departments, public sector units (PSUs) and affiliated bodies. Its main aim is to enhance transparency, efficiency and speed in public procurement of goods and services and eliminate corruption. It provides tools for Direct Purchase, bidding and reverse auction in a transparent manner for government departments.
Tags: GeM • Governance • Government e-Marketplace • Government Schemes • Public Procurement
The Government of India, the State Government of Chhattisgarh and the World Bank signed a $25.2 Million Loan Agreement to support the State’s Reforms in Expenditure Management under Chhattisgarh Public Financial Management and Accountability Program.
Chhattisgarh Public Financial Management and Accountability Program
- The reforms encompass Expenditure Planning, Investment Management, Budget Execution, Public Procurement and Accountability.
- The programme will help the state of Chhattisgarh to strengthen its Direct Benefit Transfer (DBT) and Tax Administration Systems.
- The programme will build the capacity of the State’s Human Resources and the Institutions Handling Management of Public Finances.
- The World Bank will also facilitate cross-learning from Public Financial Management (PFM) Reforms undertaken by it in the other Indian States while bringing in global experiences.
- Improvements in Public Financial Management is a key step for achieving the development potential of the state. Improvements will ensure that the State can invest more and with greater efficiency, for it’s poor and vulnerable.
- The programme which focuses on IT solutions will benefit almost 11,000 Village Panchayats and 168 Urban Municipalities in the State.
About 92 per cent households in the State of Chhattisgarh belongs to Scheduled Castes, Scheduled Tribes and Other Backward Classes. The Direct Benefit Transfers (DBTs) is being increasingly used by the Central and State Governments to channel resources to households and individuals. The Programme will support the development of systems that will facilitate inter-departmental data interaction under secured protocols and automate most of the processing and payment of DBTs in the State. Thus enhancing the efficiency of the system.