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As on 31st March 2023, GeM has recorded a staggering ₹ 2 lakh crore of Gross Merchandise Value (GMV) in FY 2022-23. Cumulatively, GeM has surpassed the ₹ 3.9 lakh crore GMV since inception, with the overwhelming support of its stakeholders. The total number of transactions on GeM has also crossed 1.47 crore. GeM is catering to the diverse procurement needs of over 67,000 government buyer organisations. The portal features over 11,700 product categories with more than 32 lakh listed products, as well as over 280 service categories with more than 2.8 lakh service offerings. Based on various studies, the minimum savings on the platform are about 10%, which translates into a savings of ₹ 40,000 crore worth of public money.
What percentage of the total cost for the ₹1.45 lakh crore capital acquisition proposals approved by the Defence Acquisition Council will come from in...
Which Indian Constitution article outlines the appointment of the Advocate General for the State?
Who won the women’s title at the Fenesta National Tennis Championship in 2024?
How many Common Service Centres (CSCs) were established under Project NAMAN in its first phase?
What major economic target has India set for the year 2030 concerning goods exports?
What historic achievement did Swapnil Kusale accomplish at the Paris Olympics?
Consider the following statement about “Indira Gandhi Prize for Peace”.
1. It is awarded to individuals only
2. Recently, it was j...
What is the primary goal of the "Ayurveda Gyan Naipunya Initiative" (AGNI) launched by the Central Council for Research in Ayurveda Sciences (CCRAS)?
Recently the central government launches 3 schemes to strengthen MSMEs in pharmaceutical sector, who will be the project management consultant for impl...
Which of the following statement is not correct about Payments Bank?