Key Points
Despite numerous global initiatives and the endless promises of leaders to tackle corruption, the problem seems to be worsening..
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...
e-Procurement lets many more companies hear about procurement offers, ensures more bids can be submitted, and means governments lose less money through corruption and waste...
Researchers examined the costs and outcomes of 11 e-procurement initiatives across countries, including low-income countries like Bangladesh and Rwanda, middle-income countries such as Ukraine and Tunisia, and high-income countries like Italy and South Korea...
Yet, there are many benefits. A well-designed e-procurement system allows for proactive monitoring and the identification of corruption, and lets concerns be automatically flagged for action.. e-Procurement increases the number of bidders..
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FY24 services procurement from GeM seen Rs 1.5 lakh crore
01, Nov, 23The Government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments. GeM CEO P K Singh said that services procurement was just Rs 3,069 crore in 2019-20 but reached Rs 65,957 crore in FY23.