government e marketplace

The Central Consumer Protection Authority (CCPA), under the Consumer Protection Act, 2019, has initiated regulatory action against the "unauthorized online sale and advertisement of hazardous chemicals, explosive substances, and related precursors on digital platforms" to strengthen consumer safety, public security and responsible e-commerce practices.

eBay's board has rejected GameStop's $55.5 billion buyout proposal, deeming it "neither credible nor attractive." The e-commerce company cited confidence in its standalone prospects, concerns about financing uncertainty, and potential impacts on long-term growth and profitability as key reasons for the rejection. eBay's board believes its current strategy and management are well-positioned for continued sustainable growth and shareholder value.

SpaceX is urging the FCC to end a $4.5 billion fund that subsidizes rural broadband. The satellite internet company argues its services have already solved the connectivity gap by offering fast, competitive rates nationwide. SpaceX believes these legacy programs are now redundant due to technological advancements and increasing competition.

A Bengaluru family's Canadian dream soured after a layoff and tightening immigration policies. Despite initial excitement and company support, the Ananths faced job struggles and the loss of domestic help. Ultimately, they returned to India, finding comfort and new opportunities, questioning their welcome in Canada.

The US Army is launching a new online marketplace for drones. Amazon Web Services is assisting in its development. This platform aims to speed up procurement for soldiers and allies. It will offer a single storefront for comparing and ordering drone systems. The initiative seeks to modernize weapons acquisition and foster competition.

The Government e-Marketplace (GeM) achieved its highest-ever Gross Merchandise Value (GMV) of Rs 2,01,113 crore in the fiscal year 2022-23. GeM ensures that vendors can participate in a fair and equitable manner, resulting in a competitive and efficient marketplace. The platform enhances transparency, promotes inclusivity, and enables the procurement of the best products and services at the most competitive prices for the government. Over 13 lakh sellers have registered themselves with GeM, and the platform has facilitated savings worth more than Rs 40,000 crore since its start.

All the state governments are utilising the services offered by Government e-Marketplace. This information was given by the minister of state of commerce & industry C R Chaudhary in a written reply in the Lok Sabha.

Departments that do not make purchases through the government e-marketplace (GeM) portal will face action, said chief minister Yogi Adityanath.

Microsoft, which is also a prospective bidder for the Government e-Marketplace (GeM), has written to several government departments including PMO, saying the process was against stipulated policies and violated procurement norms, multiple sources said.

Meta Platforms challenged a Rs 10 lakh penalty imposed by the CCPA for unauthorized walkie-talkie sales on Facebook Marketplace. Meta argued its platform is a digital notice board, not an e-commerce site, and it doesn't facilitate transactions or charge fees. The company claims the CCPA exceeded its jurisdiction and violated natural justice principles.

The Directorate of Education (DoE) has asked the authorities concerned to initiate the process of supplying sanitary napkins to girls studying in government-aided schools. In a circular dated June 16, the DoE had ordered government schools to procure sanitary napkins through Government-e-Marketplace. The process of distribution was to start by July.

The procurement of goods and services through the Government e-Marketplace (GeM)—an Amazon-like platform for public procurement, has surpassed Rs 2 lakh crore in the financial year 2022-2023, with commerce and industry minister Piyush Goyal estimating savings of account around Rs 39,000 crore.

The anti-corruption NGO, Arappor Iyakkam, has accused the Tangedco of procuring distribution transformers of various capacity at inflated rates, thereby causing loss to the tune of 397 crore to the state.

The ministry launched the GeM on August 9, 2016 with the objective of creating an open and transparent procurement platform for government departments, ministries and agencies.

Initially, the farmers will be able to sell their produce in an intra-state trade, that's different mandis within the state.

Commerce & Industry minister argues a transition to GoI’s online platform for procurement led to savings by departments and transparency and fair competition for vendors

He said the key aim of officers today is the welfare of the nation and its citizens. PM Modi also urged the officers to work with team spirit, and make teams wherever they go.