Government EMarketplace (GeM) has recorded Gross Merchandise Value (GMV) worth three lakh crore rupees in the current fiscal year so far. With this, the GeM has surpassed the total GMV of two lakh crore rupees recorded in the previous fiscal year. This was informed by GeM CEO Prashant Kumar Singh in New Delhi yesterday. Mr Singh said that there has been a notable increase in daily average GMV transactions on the

platform in the current financial year from 504 crore rupees to 914 crore rupees.  

Mr. Singh said that the main focus of the GeM, which is a government initiative for the public procurement process through electronic means, is to eliminate harmful practices like collusion, corruption, and bribery in government spending. 

No Comments For This Post, Be first to write a Comment.
Leave a Comment
Enter the code shown:

Can't read the image? click here to refresh

Todays Epaper

English Weekly

neerus indian ethnic wear
Latest Urdu News

Do you think there should be a retirement age in politics?

Can't Say