Tuesday, 30 August 2016

Coal India buries foreign M&A plans post African safari

From Rs 4,500 crore to Rs 500 crore to Rs 2 crore. That's how the nominal value of Coal India's intent to acquire mining assets overseas has dwindled over a three year period. With a provision of just Rs 2 crore for 2016-17 disclosed in its recently released annual report, Coal India has virtually abandoned its lingering desire to buy coal assets abroad to improve energy security. Despite its disastrous effort to develop its maiden foreign coal mine acquired six years ago in Mozambique, Coal India has been budgeting funds for probable acquisitions every year.


Friday, 5 August 2016

CHHATTISGARH STARTS E-PROCUREMENT OF FOOD GRAINS

Chhattisgarh, Madhya Pradesh and Andhra Pradesh are the three States in the country which have already started e-procurement of food grains, the Central Government has informed. The online procurement system would also be integrated into the Food Corporation of India’s ‘Depot Online System’ soon, they informed.

Notably, Chhattisgarh is already among 15 states in the country with a completely decentralised system for procurement of paddy and wheat under Centre’s ‘Decentralised Procurement Scheme (DCP)’.

Thursday, 9 June 2016

Government's Central Purchase Arm Plans e-Marketplace for Officials to Make Routine Office Buys.

According to a report by The Economic Times, the government’s central purchase arm has conceptualised an online portal called GeM or Government e-marketplace.  The portal is expected to allow government officials to make routine office purchases like cutlery, office equipment and electronic goods.  The report, quoting government sources, estimates that purchases through the portal could touch Rs 1.4 to 1.8 lakh crore, much higher than the roughly Rs 80,000 crore sales that Flipkart is targeting by June 2016.

According to a PTI report, the Finance Ministry in May gave a green signal for the creation of ‘Government e-marketplace’ for online purchase of goods and services to various central government ministries and departments.

Monday, 9 May 2016

AP govt makes e-procurement mandatory for all govt bodies

The Andhra Pradesh government today said e-procurement is mandatory for all government departments and public sector organisations in the state. 

"E-procurement is mandatory on the part of all government departments and public sector organisations in their purchases and auctions," the state Information Technology Minister P Raghunatha Reddy said. 

The minister was speaking after inaugurating the upgraded version of e-procurement system at the Department of Information Technology, Electronics and Communications here. 


Tuesday, 3 May 2016

PTC India wins bid to supply electricity in first e-bidding

NEW DELHI: Power trading firm PTC India Ltd has emerged as the most successful bidder in the ‘Discovery of Efficient Electricity Price (DEEP)’ e-bidding for short term power procurement by electricity distribution utilities held last week.

In the first such bidding to be held after the Ministry of Power revised the guidelines for short term power procurement effective April 1, PTC India became the sole successful bidder in Kerala’s tender for supplying 100 MW of supply during peak hours and 50 MW during day time in the month of May 2016.


Wednesday, 20 April 2016

CRIS has become the Backbone of Indian Railways: Sanjaya Das, MD/CRIS

From bar-coding rail tickets to smart metering, the Centre for Railway Information Systems is a key partner in Indian Railways’ IT journey.

Sanjaya Das (55) is the Managing Director of Centre for Railway Information Systems (CRIS). He started his career with the Railways in 1981, working for its Indian Railway Traffic Service in 1981. An inclination towards technology brought him to CRIS.

From bar-coding rail tickets to smart metering, electronic procurement and online crew management, Centre for Railway Information Systems (CRIS) is a key partner in Indian Railways’ IT journey. CRIS claims its IT applications fetch Indian Railways about Rs.427 crore every day.


Monday, 18 April 2016

Lab deal exposes loopholes in e-tender process

Bengaluru: HLL Lifecare Ltd's claim that it was elbowed out of the tender process to establish a lab at PMSSY Hospital shows how lack of clear guidelines for procurement when only one bidder remains is undermining transparency of government deals.

HLL Lifecare Ltd, a Mini Ratna PSU, had uploaded all the documents on the Karnataka government's eportal to participate in the tender and made the EMD payment too. But the EMD payment did not get reflected in the eportal, leaving HLL out of the tender. As a result, the only other bidder, Matrix Imaging Solutions India Private Limited, won the tender.


Friday, 26 February 2016

Rail Budget 2016-17: Indian Railways for 100 per cent transparency in all its operations

The Minister of Railways, Suresh Prabhakar Prabhu said that the transparency is an important tenet of this Government. Presenting the Railway Budget 2016-17 in Parliament today he said , Indian Railway’s mission is to ensure 100% transparency in all its operations. He said, Indian Railways has initiated the process of conducting recruitments online in 2015-16 and the process is now being replicated for all positions. Social media is also being used as a tool to bring in transparency in its day to day working. All procurement including procurement of works has moved to the e-platform.