The Centre is purchasing key materials for its flagship schemes, which include laptops, computers, smartphones, and printers, online to save time and costs. Surprisingly, it’s far ordering not from massive e-trade companies like Flipkart and Amazon however its personal Government e Marketplace (GeM).

According to a record in The Financial Express, this little-regarded authorities portal is powered through Prime Minister Narendra Modi’s Make in India initiative and is assisting ministries, PSUs and country governments in procuring those merchandise at aggressive fees.

For instance, the Maharashtra government’s Women and Child Development Department purchased over 1.2 lakh smartphones for its flagship Poshan Abhiyan scheme from this portal via aggressive bidding. The total cost of this order changed into almost Rs a hundred crore, with each phone costing Rs 8, three hundred.

The India Post Payments Bank located a comparable order for 1.Five lakh smartphones on the portal in November ultimate 12 months. The bank may want to choose from a huge kind of manufacturers gift at the government platform and selected two manufacturers to fulfill its requirement. The overall value of the order becomes Rs 153 crore.

 

This portal changed into launched by way of PM Modi in 2016 and become geared toward removing corruption prevailing in public procurement schemes, which price the authorities almost Rs 3 lakh crore yearly. In simply 3 years to 2018, the portal has clocked Rs 17,000 crore in sales, with a total order fee of Rs 22,000 crore. Of those, orders well worth Rs four,200 crores had been behind schedule because of ongoing elections or different similar motives.
GeM CEO Radha Chauhan expects the portal to achieve a sales of Rs 50,000 crore in the contemporary monetary, given the strong demand amongst nation and crucial authorities departments.

Glenmark Pharma on Thursday said it has acquired approval from Russia’s Healthcare Ministry to marketplace Momate Rhino metered nasal spray as an over-the-counter (OTC) product for the treatment of seasonal and perennial allergic rhinitis in patients above 18 years of age.

“Russia is a vital marketplace for us and we are continually looking to amplify product services. We trust OTC is an interesting area and this acclaim for Momate Rhino nasal spray will help enhance our presence in this phase,” Glenmark Pharmaceuticals Senior Vice President and Head Asia, Russia & CIS place Csaba Kantor said.

Glenmark Pharmaceuticals Vice President and Business Head – Russia – Oxana Pozdnyakova stated allergic rhinitis impacts an extensive range of human beings in Russia.

“The approval to market Momate Rhino as an OTC product paves manner for the organization to widen affected person accessibility of this medication, that’s particularly crucial on the start of the hypersensitivity season,” Pozdnyakova stated.

The Rs 25,000-crore rights trouble of Vodafone Idea has been subscribed 1.07 instances, in line with records accessed with the aid of merchant bankers involved inside the procedure.

Through the rights trouble, which ran among April 10 and April 24, the united states’ largest telecom operator supplied 2,000 crore new shares at Rs 12.50 apiece.

As consistent with facts posted by using NSE, the rights trouble has received bids for 1,109 crore shares.

“The Vodafone Idea rights has been subscribed 1.07 instances as according to records available from registrar to the rights problem final night. This can pass up. Final statistics are anticipated to be published by the registrar nowadays (Thursday),” one of the bankers involved inside the rights issue system informed PTI.

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