Approval for Government e-Marketplace as National Portal

Cabinet approves setting up of a Special Purpose Vehicle to be called Government e-Marketplace (GeM SPV)

Question- Recently, the Union Cabinet has decided to make Government e-Marketplace as the National Portal for the purchase of goods and services online.
(a) State Government units
(b) Central Government units
(c) Units of public sector
(d) All of the above
Ans: (d)
Related facts:-

  • On April 12, 2017, the Union Cabinet decided to make Government E-Marketplaces as National Portal for the purchase of goods and services by the Central and State Government units.
  • The Cabinet decided to constitute a special company for this, which will be known as National Public Procurement Portal (Government e-Marketplace or GeM SPV)
  • It will be registered under the Companies Act, 2013.
  • This will provide online and vital services to the units of Central and State Governments.

Related Links:-
http://pib.nic.in/newsite/PrintRelease.aspx?relid=160965
http://www.financialexpress.com/economy/spv-to-operate-government-e-marketplace-portal-for-purchases/626030/