Tag: total

GeM has achieved total procurement value of ₹2,70,384 Crore (as on 25 July 2022), since its inception. The Government of India set up the Government e-Marketplace (GeM) in 2016 as an e-marketplace to revolutionize public procurement in India by leveraging technology. Union Cabinet in its meeting held on 01.06.2022 has given its approval for expanding the mandate of GeM to allow procurement by Cooperatives as buyers on GeM. Previously, public procurement in India was characterized by inefficient, opaque, and time consuming manual processes conducted offline, complicated by a fragmented and complex policy landscape. ... Read more

A total of 115 companies have filed their application under the Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India which was notified on 23rd September 2021. The scheme was open for receiving applications till 23:59:59 hours IST on 9th January 2022. Incentives are applicable under the scheme for determined sales of Advanced Automotive Technology (AAT) products (vehicles and components) manufactured in India from 1st April 2022 onwards for a period of 5 consecutive years. The Government has approved the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components Industry ... Read more

Union Minister for Labour & Employment, Shri Bhupender Yadav today released the report of second quarter of Quarterly Employment Survey (QES) part of All-India Quarterly Establishment-based Employment Survey (AQEES).  The AQEES has been taken up to provide frequent (quarterly) updates about the employment and related variables of establishments in both organized and unorganized segments of nine selected sectors which account for a great majority of the total employment in the non-farm establishments. The nine selected sectors are Manufacturing, Construction, Trade, Transport, Education, Health, Accommodation & Restaurant, IT/BPO and Financial Services. ... Read more