CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How many crores Government Recorded On Government e-Marketplace (GeM)?
A
12, 000
B
15, 000
C
18, 000
D
25, 000
Explanation: 

Detailed explanation-1: -Government e-Marketplace (GeM), an online platform for public procurement in India, has achieved a staggering ₹1.5 lakh crore of gross merchandise value (GMV) in the financial year 2022-23 (FY23) alone.

Detailed explanation-2: -Government e-Marketplace (GeM) is a one stop portal to facilitate online procurement of common use Goods & Services required by various Government Departments / Organizations / PSUs. GeM aims to enhance transparency, efficiency and speed in public procurement.

Detailed explanation-3: -GeM shall use modern technology and enablers to bring together all government buyers on a unified online platform for the procurement of commonly used goods and services.

Detailed explanation-4: -Incidentally, SAIL was the largest CPSE procurer on GeM in the previous Financial Year with a value of Rs. 4, 614 Crore. In the current fiscal, SAIL has already surpassed the achievement of previous year with procurement of over Rs. 5, 250 Crore till date and is committed to substantially increase the volumes on GeM.

Detailed explanation-5: -Any procurement up to Rs 25, 000 can be directly purchased from available vendors on the GeM if it meets the required quality, specification and delivery period.

There is 1 question to complete.