Government e-Marketplace (GeM) witnesses staggering Rs 1 lakh crore procurement by CPSEs in FY 23-24
New Delhi [India], December 15 (ANI): In a feat of digital procurement, Central Public Sector Enterprises (CPSEs) have achieved a significant milestone by surpassing the Rs 1 lakh crore mark in just 6.5 months of the fiscal year 2023-24. According to a press release, this outstanding accomplishment reflects a remarkable 166 per cent increase over […] Key Points
ThePrintEU auditors warn about worsening competition in public procurement
Competition in public procurement across the 27 European Union countries worsened over the last decade, the European Court of Auditors (ECA) said on Monday, with as much as 2 trillion euros ($2.2 trillion) at stake every year. Key Points
ReutersDefence ministry clears proposal for procurement of 97 Tejas fighters, 156 Prachand helicopters
Defence Acquisition Council also gives its nod to upgrade Su-30 fighter fleet. Of the total Rs 2.23 lakh crore acquisitions, 98% will be sourced from domestic industries, says ministry. Key Points
ThePrintDemerged CPSE companies can use parent's name for five years
The bid documents must clearly mention the conditions under which demerged entities may become eligible, it added. It is mandatory for central ministries or enterprises to procure a minimum 25% out of their total annual procurement from micro and small enterprises (MSEs). Key Points
Economic TimesCentre clears proposals worth Rs 7,800 cr for weapons, electronic warfare suite for choppers
The proposals cleared by the Defence Acquisition Council chaired by Defence Minister Rajnath Singh also include procurement of 7.62×51 mm Light Machine Gun. Key Points
ThePrint
FCI procures over 70% wheat of estimated target; surpasses last season’s total purchase
FCI has set an estimated target of 34.5 MT to procure wheat in the ongoing rabi marketing season started April. Key Points
mintWheat procurement 12% higher so far
The wheat stocks had fallen to 8.3 MT in April 1, the lowest since 2016, as the government's procurement had plunged to a record low due to a drop in production and increased private buying this year. Key Points
Economic TimesGovt fixes wheat procurement target at 34.15 million tones for 2023-24
India Business News: The government has fixed a wheat procurement target of 34.15 million tonnes for the 2023-24 marketing year starting April, higher than 18.79 million t Key Points
Times Of IndiaGovt fixes wheat procurement target at 34.15 million tones for 2023-24
India Business News: The government has fixed a wheat procurement target of 34.15 million tonnes for the 2023-24 marketing year starting April, higher than 18.79 million t Key Points
Times Of IndiaGovt fixes wheat procurement target at 34.15 million tones for 2023-24
India Business News: The government has fixed a wheat procurement target of 34.15 million tonnes for the 2023-24 marketing year starting April, higher than 18.79 million t Key Points
Times Of India
Govt fixes wheat procurement target at 34.15 million tones for 2023-24
India Business News: The government has fixed a wheat procurement target of 34.15 million tonnes for the 2023-24 marketing year starting April, higher than 18.79 million t Key Points
Times Of IndiaGovt fixes wheat procurement target at 34.15 million tones for 2023-24
India Business News: The government has fixed a wheat procurement target of 34.15 million tonnes for the 2023-24 marketing year starting April, higher than 18.79 million t Key Points
Times Of IndiaGovt fixes wheat procurement target at 34.15 million tones for 2023-24
India Business News: The government has fixed a wheat procurement target of 34.15 million tonnes for the 2023-24 marketing year starting April, higher than 18.79 million t Key Points
Times Of IndiaGovt fixes wheat procurement target at 34.15 million tones for 2023-24
India Business News: The government has fixed a wheat procurement target of 34.15 million tonnes for the 2023-24 marketing year starting April, higher than 18.79 million t Key Points
Times Of IndiaGovt’s rice procurement reaches 52.06 million tones so far; makes Rs 1.6 lakh crore MSP payment
The government's rice procurement has reached 52.06 million tonnes so far in the ongoing 2022-23 marketing season, benefitting 1.12 crore farmers with MSP of Rs 1.6 lakh crore, the food ministry said on Friday. Key Points
Financialexpress
GeM enabled govt to save over Rs 45,000 crore since 2016: Commerce ministry
The Indian government's e-procurement portal, GeM, has helped the government save over Rs 45,000 crore since its launch in 2016, according to the commerce ministry. The online marketplace platform has facilitated efficient procurement for government departments, organisations and PSUs. Key Points
Economic TimesFCI to miss wheat procurement target
Food Corp India will miss the wheat procurement target of 34.5 million tonnes during the 2023-24 April-March Rabi marketing season due to stocking by private traders and farmers holding back their produce. Key Points
mintHow e-procurement can greatly reduce corruption worldwide
Addressing corruption proves to be a challenging task, as it offers significant benefits for officials accepting bribes while simultaneously providing customers with expedited or improved services. Despite these complexities, politicians globally have pledged to significantly reduce corruption between 2016 and 2030 as part of the UN Sustainable Development Goals (SDGs), an initiative embraced by governments worldwide. Key Points
The Economic TimesGrowth comes when government is first buyer, says G20 Sherpa Amitabh Kant
Amitabh Kant underscores learning from Israel's procurement model, advocates for government as first buyer, and promotes women-led development in startups. He emphasizes women's pivotal role in driving India's entrepreneurial landscape and fostering innovation. Key Points
Economic TimesGovt to organize workshops on online procurement in UP
The Buyer-Seller Workshops will start from 31 August 2023. The move will enhance the understanding of GeM’s functionalities among buyers and sellers in the state. Key Points
mint
Centre buys 262 lakh tonne wheat so far this year from farmers at MSP; total payout at Rs 47,000 crore
The Rabi marketing season runs from April to March. However, the bulk of wheat procurement is done between April and June. Wheat is a major rabi (winter-sown) crop. Major contribution in the procurement has come from three states of Punjab, Madhya Pradesh and Haryana, with procurement of 121.27 lakh tonnes, 70.98 lakh tonnes and 63.17 lakh tonnes, respectively. Key Points
Economic TimesAssam government has decided to procure for the first time mustard seeds
Assam chief minister Himanta Biswa Sarma said that procurement period will be between May 29, 2023 to August 26, 2023. “Individual farmers can sell up to 25 quintals of their Fair Average Quality produce per day having moisture content less than 8% and foreign matter less than 2%. Additional quantity can be sold on consecutive days. Beneficiary farmers to receive MSP within 3 working days of sale of stock directly in their bank accounts.” Key Points
Economic TimesWorkers’ strike hits wheat procurement in Sangrur
Mandi workers in Sangrur district went on strike after the state government increased their wage by only 12 paise instead of the promised 25%. This disrupted wheat procurement in the region. Key Points
Hindustan TimesGovt's rice procurement reaches 55.8 million tonnes and wheat 26.2 million tonnes so far
Wheat procurement has reached 26.2 million tonnes so far in the 2023-24 rabi marketing year (April-March), more than the last year's total procurement of 18.8 million tonnes. With the current procurement of wheat and rice, adequate food grains stock in government granaries is maintained, the ministry said in a statement. Key Points
Economic TimesPaddy procurement crosses 73 MT, boosts FCI rice stock
FCI's wheat stock has depleted to 8.5 MT on April 1 against a buffer norm of 7.4MT. This wheat stock is lowest since 2016. Key Points
Financialexpress
Govt e-marketplace records 10 times growth in procurement in last 3 years: Goyal
GeM recorded a gross merchandise value (GMV) of ₹2 trillion in fiscal year 2022-23. Cumulative GMV since its launch, in August 2016, stands at over ₹4.29 trillion Key Points
mintWheat procurement to be delayed by a fortnight due to the unseasonal rainfall
Procurement centres have already been opened in Madhya Pradesh and Rajasthan, where arrivals begin early, and will be ready by April 1 in Punjab, Haryana and Uttar Pradesh. The FCI procures wheat for the central pool through different mechanisms: it procures directly in some places and works jointly with local governments or state agencies in some other places. Key Points
Economic Timesprocurement of services on GeM platform grew 205 pc in 2023-24
New Delhi [India], March 29 (ANI): procurement of services through the GeM portal witnessed a staggering 205 per cent growth in the current financial year 2023-24, official data showed. Government e-Marketplace (GeM) has closed the current fiscal year on a high note, crossing the milestone of Rs 4 lakh crore in Gross Merchandise Value (GMV). […] Key Points
ThePrintReview procurement policy for wheat, rice at MSP: Niti Panel
A NITI Aayog working group has recommended the government to reconsider its open-ended procurement policy for rice and wheat at minimum support prices to encourage farmers to diversify towards other crops like nutri-cereals, pulses, and edible oil. The group argues that the policy discourages diversification towards high-value and riskier crops, and suggests restricting procurement to meet food security and welfare schemes. Key Points
Economic TimesDAC gives nod to proposals worth Rs 7,800 cr to enhance operational capabilities of Indian Armed Forces
Defence Minister Rajnath Singh-led Defence Acquisition Council (DAC) has given its nod to proposals worth Rs 7,800 crore to enhance the operational capabilities of the Indian Armed Forces. The ministry said that all procurements will be made from indigenous sources only. Key Points
Economic Times
Paddy worth Rs 159,660 cr procured from farmers at support price: Govt
Food Corporation of India, the nodal central agency, along with other state agencies undertakes procurement of paddy under the price support scheme (at MSP). Those procured paddy is then milled to make rice and distributed to the public under various food security schemes. Key Points
Economic TimesMSME Ministry’s National SC-ST Hub scheme benefitted this many micro, small units till March 31, 2023
Credit and finance for MSMEs: According to the data available on the SC/ST hub portal, Rs 1,301.93 crore worth procurement was made from 8,828 SC/ST-owned MSEs in FY23. Key Points
FinancialexpressFood Corporation of India and state agencies procure 120.67 LMT paddy in Punjab
New Delhi [India], November 9 (ANI): Food Corporation of India (FCI) and state agencies of Punjab have procured 120.67 lakh metric tonnes (LMT) of paddy in a total of 126.67 LMT of paddy arrived in the mandis of Punjab, an official release said. Show Full Article The paddy is being purchased at MSP at Rs […] Key Points
ThePrintBordering nations make 697 requests for Govt contracts
India received nearly 700 applications from bidders with which it shares land borders for public procurement contracts as of June 30, with 110 pending for review by various ministries. In 2020, India amended public procurement norms to allow any eligible bidder from a border-sharing country to participate in procurement only if they are registered with the registration committee. Key Points
Economic Timesprocurement through GeM portal surpasses Rs 2 lakh crore in FY23
The government e marketplace (GeM) portals procurement in the fiscal year ended March 31, 2023, stood at Rs 2,00,401 crore, surpassing Rs 2 lakh crore for the first time since its inception in 2017. Even the number of orders in a year rose to an all-time high of 50,00,000. Out of the total procurement, the central government purchases increased by 106.7% to Rs 1,55,586 crore, while the states procurement rose by 35.7% to Rs 42,470 crore compared to the previous year. Key Points
Economic Times
CBI charges Air India ex-CMD, IBM, SAP in software purchase case
India News: The Central Bureau of Investigation has filed a chargesheet against the then CMD of Air India, Arvind Jadhav, SAP India and IBM India in connection with alleged irregularities in procurement of software worth Rs 225 crore by the national carrier in 2011. Read more about the case and its implications. Key Points
Times Of IndiaCrisil raises concerns over 'inflation' in pulses due to changing weather patterns
Crisil Ratings predicts that the next peak of inflation in pulses could be 6 to 7 months away. Weather patterns last year damaged production, potentially increasing prices. Policymakers will need to pay attention to monsoon behavior and its effects on prices and take action to rectify pressure. This year, with delayed rains, pulses sowing could be affected. The government's removal of the 40% procurement ceiling for key pulses could encourage farmers and help increase sown area. Key Points
Economic TimesSanjiv Puri on 4 pillars that can take ITC to the next level of growth
Digital is now mainstreamed in our companies. It is part of everybody's job whether it is agri sourcing or procurement or operation, manufacturing, consumer marketing, commerce, everywhere it is there. Key Points
Economic TimesDVAC conducts searches at residence of IAS officer, S. Malarvizhi, in Chennai
Sleuths of the Directorate of Vigilance and Anti-Corruption (DVAC) are conducting searches at five places in Chennai, including the residence of an Indian Administrative Service (IAS) officer, S. Malarvizhi who was allegedly involved in a scam involving the procurement of receipt books. Key Points
The HinduWhy delay fighter jets for IAF, says the Parliamentary Committee on Defence
Observing the incessant delays over the procurement of fighter jets, the Parliamentary Standing Committee on Defence has said that the government should not delay the procurement of additional fighter jets. While so many programmes are about taking a leap in India’s manufacturing technology, the focus for IAF remains on the need for next-generation tech-ready combat jets for potential future conflicts. Simply put, the IAF has to fulfil its mandate if such situations arise. Key Points
Financialexpress
Public procurement norms may be tweaked to aid makers under PLI
The Indian government is considering changes to its public procurement rules to benefit manufacturers participating in production-linked incentive (PLI) schemes. One proposal being evaluated is granting deemed local supplier status to companies that contract manufacturing to PLI beneficiaries. This move aims to boost domestic production and provide greater market access to PLI participants in government procurement. Key Points
Economic TimesScanner on private wheat purchases at Uttar Pradesh's Lalitpur
The clearance currently is required only for Lalitpur, where procurement was among the lowest in the state this season, but traders fear it could be extended to other districts as well if the overall numbers remained low. However, the Lalitpur district collector said the administration issued the April 12 order after it found out that private traders were buying wheat at below minimum support price (MSP). After verification of their documents, we will allow them to use railway rakes, Aalok Singh told ET. Key Points
Economic TimesGovt raises onion buffer to 5 lk MT; NCCF to retail onions at Rs 25/kg
India has raised the quantum of onion buffer to five lakh metric tonne after achieving the initial procurement target of three lakh metric tonne. The National Cooperative Consumers' Federation and National Agricultural Cooperative Marketing Federation of India will procure around one lakh metric tonne of onions to achieve additional procurement targets. Key Points
Economic TimesMSP wheat purchases increase 13%
According to official data, 16.13 MT of wheat has arrived in the key mandis so far, against 15.45 MT of arrivals reported in the first three weeks of commencement of the procurement season (April-June) last year. Key Points
FinancialexpressWheat stock with Food Corporation of India falls below 100 lakh tonnes for the first time since 2018
The Food Corporation of India (FCI) has reported a decrease in wheat stocks, falling below 100 lakh tonnes for the first time since 2018. However, rice stocks held by FCI currently exceed four times the buffer norm. Despite the drop in wheat stocks, the current level remains above the statutory buffer stock requirement. FCI anticipates a notable improvement in wheat procurement this year. Key Points
Economic Times
Export ban on wheat to continue in the current year
We will not allow exports of wheat, said Subodh K Singh, additional secretary, department of food, adding that the country is not a primary wheat exporter and has exported wheat only when there's been a surplus. The Centre's procurement of wheat, crucial for keeping its wholesale rates under control, is much below the target of 34 million tonnes despite prices continuing to increase. Key Points
Economic TimesWheat procurement up 30% on year
Wheat procurement by the Food Corporation of India (FCI) and state government agencies for the current season has crossed 25.2 million tonne (MT) so far, up by 30% on year. Key Points
FinancialexpressFarmers at receiving end, paddy procurement stalled in Sangrur
Demanding a rollback of the decision and implementation of the old commission system, commission agents said earlier they got 2.5% of the notified MSP of the crop, but now their commission had been fixed lower at ₹46 per quintal, which is 2% of the MSP. Key Points
Hindustan TimesPSUs, Govt bodies sensitised to Chinese investment, tech
PSUs have also advised not to source from China for sectors such as atomic energy, broadcasting, print and digital media. defence, space, and telecommunications. Certain other sectors including power, civil aviation, mining, railways, health, and urban transportation are also considered sensitive where procurement from China has been discouraged, ET has learnt. Key Points
Economic TimesMaize prices surge, procurement for ethanol may be hit
Government's maize procurement for ethanol impacts prices, leading to concerns over reduced state procurement. Farmers may opt for private traders due to high prices. India promotes maize as a sugar alternative for ethanol production amid declining sugar production. Key Points
Economic Times
India’s MSP system for farmers has outlived its purpose. It’s time to phase it out
The MSP system requires substantial grain storage, which our facilities often struggle to accommodate. This means that sometimes, grains go bad. Key Points
ThePrintCBI files charge sheets against former Air India CMD, IBM & SAP in software purchase irregularities
CBI files charge sheet against Air India CMD, German firm SAP AG, and IBM for alleged irregularities in software procurement worth Rs 225 crore. CVC recommended a CBI investigation due to procedural irregularities. Charge sheet includes former CMD Arvind Jadhav, IBM India Private Limited, SPA India Private Limited, and others. Key Points
Economic Times