As per the GFR rule applicable for GeM direct buying can be adopted for purchase orders in the range: -
The GeM portal shall be utilized by the Government Buyers for direct on-line purchases as under: (i) Up to Rs. 25,000 through any of the available suppliers on the GeM, meeting the requisite quality, specification and delivery period. (ii) Above Rs. 25,000 and up to Rs. 5,00,000 through the GeM Seller having lowest price amongst the available sellers (excluding Automobiles where current limit of 30 lakh will continue), of at least three different manufacturers , on GEM, meeting the requisite quality, specification and delivery period. The tools for online bidding and online reverse auction available on GeM can be used by the Buyers even for procurements less than Rs. 5,00,000. (iii) Above Rs. 5,00,000 through the supplier having lowest price meeting the requisite quality, specification and delivery period after mandatorily obtaining bids using online bidding or reverse auction tool provided on GeM (excluding Automobiles where current limit of 30 lakh will continue)."
Refer to the below given table
What do you mean by ‘under conditions of a perfect competition in the product market’?
Walraw’s Law states the following:
If the endowment of some resource increases, the industry that uses that resource most intensively will increase its output while the other in...
Starting from a position where the nation's money demand equals the money supply and its balance of payments is in equilibrium its balance of payments w...
If the regression coefficients of x on y and y on x are -1/4 and -1/9 respectively, then what is the correlation coefficient between x and y?
If a tax is placed on the product in this market, tax revenue paid by the buyers is the area
An indirect utility function
The correlation coefficient between X and -X is:
For an economy, if C = 400 + 0.8Yd, Yd = Y − T, T = 300 + 0.2Y , find MPC.
