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GEM TRANSACTIONS
The curious case of Rajesh Exports: Massive revenues, meagre profitsIndia's fourth-largest company, Rajesh Exports, faces a Sebi probe for alleged financial fraud. Investigations point to accounting irregula...
FM asks lenders to go beyond standard loans, design credit repayments around biz cyclesFinance Minister Nirmala Sitharaman has called on banks to move beyond standard loan products. She emphasized the need for repayment struct...
Govt imposes import curbs on silver amid push to tighten precious metals inflowsNew government restrictions target silver imports. The Centre is also tightening rules for duty-free gold imports by jewellery exporters. T...
Government tightens rules for duty-free gold imports, caps quantity at 100 kg per licenceThe Directorate General of Foreign Trade has introduced new rules for duty-free gold imports by gems and jewellery exporters. These measure...
Duty hike may bring out more old gold into marketIndustry executives said promoting sales of lower carat jewellery like 14K and 9K can reduce imports by 20-30%, and discouraging investment...
No plan to hike gold import duty despite Modi's appeal to skip buying, says government officialIndia denies plans to raise gold and silver import duties. Prime Minister Modi urged citizens to avoid gold purchases amid economic pressur...
India discusses boosting trade with UK, local currency trade settlement with TanzaniaIndia and the UK are strengthening trade and investment ties. Discussions focused on maximizing benefits from the Comprehensive Economic an...
GeM facilitates transactions worth Rs 5.03 lakh crore in 2025-26Government e-Marketplace, GeM, saw transactions worth over Rs 5 lakh crore in fiscal 2025-26. This marks a slight decrease from the prior y...
GeM facilitates over Rs 38,500 crore in transactions for over 30,000 startupsThe government e-marketplace (GeM) has enabled over Rs 38,500 crore in transactions for 30,000+ startups, reinforcing its position as a tru...
GeM slashes transaction charges levied on sellers, service providers for public procurementThe Government e-Marketplace (GeM) has reduced transaction charges for sellers and service providers. Orders up to Rs 10 lakh will now have...
Defence ministry procurement through GeM portal crosses Rs 1 lakh croreThe Ministry of Defence (MoD) has surpassed Rs 1 lakh crore in procurement through the Government e-Market (GeM) portal, with nearly half o...
Ministry of Defence achieves milestone with Rs 1 lakh crore orders on Government e-MarketplaceThe Ministry of Defence (MoD) has achieved a significant milestone by transacting over Rs 1 lakh crore through the Government e-Marketplace...
Govt e-marketplace GeM achieves Rs 1 lakh crore GMV in FY23 aloneCumulatively, GeM has surpassed the Rs 3 lakh crore GMV since inception, and the total number of transactions on GeM also recently surpasse...
Piyush Goyal warns officials to stay alert against cartelisation, collusion in GeMGoyal, the Minister for Commerce and Industry, Textiles, Consumer Affairs, Food & Public Distribution, also called for reducing and capping...
Public procurement of goods, services touches Rs 6,894 crore on GeM in April: CEO P K SinghGovernment e-Market portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministr...
GeM portal has potential to handle transactions up to $100 billion per annum: Official"The potential of GeM is that the platform can handle transactions worth USD 100 billion per annum, given the fact that 18 per cent to 20 p...
Digital payment democratisation boosts Infibeam profit up by 241%, firm declares 10% dividendIn the second quarter, consolidated profit stood at Rs 25.9 crore compared with Rs 7.6 crore in the same corresponding period of the last f...
Government ties up with OEMs to weed out fakes from public procurementLaunched in 2016, GeM is India’s national public procurement portal for completely online purchase of goods and services by government orga...
GeM to offer hiring and leasing servicesThe leasing and hiring services will allow government departments to avail services such as car and furniture rentals.
Govt's e-marketplace looks to clock deals worth Rs 2 lakh crore in the next 5 yearsSince April 2017 till date, it has already touched Rs 4,080 crore on GeM platform, out of which in the month of January alone the transacti...