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TMI BlogShri Piyush Goyal reviews the progress of Government e MarketplaceX X X X Extracts X X X X X X X X Extracts X X X X ..... Shri Piyush Goyal reviews the progress of Government e Marketplace - News and Press Release Dated:- 29-8-2022 - News - Shri Piyush Goyal reviews the progress of Government e Marketplace Emphasizes on the need to bring all public procurement online to promote economies of scale and social Inclusiveness Suggests bringing in end-to-end online fulfillment and payment for all transactions by b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uyers on GeM Asks GeM to improve monitoring of delivery against timelines. Calls for strong legal and punitive actions against fraudulent activities on the portal GeM plans significant technical upgrades to improve user experience Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal, reviewed the progress of Governmen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t e Marketplace (GeM). Among many other things, various functionalities of GeM, as well as timeliness in procurement and delivery were reviewed in detail. It was noted that more than 95% of all the physical order deliveries since Apr 22 happened on time, in cases where online fulfillment and payment was done via GeM. While consistent improvement was observed in the on-time delivery across al ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l transaction types (Direct Purchase, L1, Bids / Reverse auctions) via GeM, the Minister shared specific suggestions to revise thresholds and add features to further accelerate delivery timelines as well as provide more flexibility to government buyers to choose products as per their delivery needs. Shri Goyal suggested bringing in end to end online fulfillment and payment for all transactions ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by buyers on GeM and to improve monitoring of delivery against timelines. The Minister also emphasized on the need to bring all public procurement on the completely online and transparent portal viz GeM for achieving economies of scale and bringing about Social Inclusiveness by promoting Micro and Small Enterprises. GeM s initiatives for tight monitoring and anomaly detection in procur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ement, including use of AI-ML to detect and report potential collusion and fraud were reviewed. Shri Goyal suggested strong legal and punitive actions against buyers and suppliers against such activities. In addition to detecting anomalies, GeM also plans to use AI-ML to make proactive feature simplifications and product suggestions to buyers to ensure informed decision making and savings in pu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... blic spendings. Significant technical upgrades have been planned by GeM to enable cutting edge use cases and improve user experience on the platform. Several other initiatives by GeM, including MSME inclusion and Har Ghar Tiranga campaign were appreciated by the Minister. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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