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Thu 23rd of November 2017

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Government e-Marketplace (GeM)
  • Government e-Marketplace (GeM) is the first Government portal that places all the procurements- big or small- by Government organizations in public domain, with details about the buyer, seller, item, quantity and price.

  • In the light of alleged irregularities, the government has reiterated that GeM is the most transparent, accountable and efficient public procurement portal and has already resulted in savings of crores of Rupees to the Government.

  • The government has also assured that there are adequate checks and balances in place on GeM which do not allow suppliers to get away with supplying at a higher price to the Government, than the prevailing market or Last Procurement Price (LPP).

GeM

  • Government e-Marketplace (GeM) aims to transform the way in which procurement of goods and services is done by the Government Ministries/Departments, PSUs, autonomous bodies etc.

  • DGS&D with technical support of NeGD (MeitY) has developed GeM portal for procurement of both Products & Services.

  • GeM is a completely paperless, cashless and system driven e-market place that enables procurement of common use goods and services with minimal human interface.

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Prelims Question of the Day

With reference to 'Natural Rate of Unemployment', consider the following statements.

1. It is the level of unemployment in an economy that is just consistent with a stable rate of Inflation.

2. It is the unemployment that prevails when all markets in the economy are in equilibrium.

 

(a)1 and 2

(b)2 only

(c)1 only

(d)None of the above

Mains Question of the Day

1.GS-No party in power can afford to ignore Directive Principles of State Policy. Comment.(200 Words)

2.Political Science - Explain the role of non state actors, like IMF, World Bank, European Union and MNCs, in modulating and transforming the broad dynamics of international relations. (250 Words).

3.SOCIOLOGY - What is the impact of Globalization on the structure and mobilization of the working class in India? (250 Words).

Sociology - Thinkers