Question
The government has appointed which IT Company as its
strategic partner to revamp the Government e-Marketplace (GeM) with an aim to transform GeM into a state-of-the-art public procurement platform and enhance transparency, efficiency, and inclusivity?Solution
The government has appointed Tata Consultancy Services (TCS) as a strategic partner to revamp the Government e-Marketplace (GeM). The objective is to transform GeM into a state-of-the-art public procurement platform and enhance transparency, efficiency, and inclusivity. The partnership with TCS aims to overcome these challenges and meet the evolving requirements of both buyers and sellers. TCS will undertake the design and development of a modern solution that leverages new technologies while maintaining the current platform. The new GeM platform will embrace e-commerce and e-marketplace principles, featuring a multi-tenant, multi-rule, multilingual, open-source, and open-API-based architecture. The aim is to make the platform scalable and designed to accommodate the anticipated six-fold growth in GMV over the next six years.
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Before the Payment and settlement Act of 2007, all payments were regulated by the Finance Ministry directly
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Match List-I with List-II and choose the correct answer from the codes given below:
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