By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NorthBridge TimesNorthBridge Times
  • Auto
    • Bikes
  • Entertainment
    • Bollywood
    • Celebrity
    • Hollywood
  • Events
  • Festival
    • Diwali
    • Holi
  • Sports
    • NBA
    • Basket Ball
    • Cricket
    • Hockey
  • Health
    • COVID-19
  • Technology
Search
© 2022 NorthBridge Times. All Rights Reserved.
Reading: Online marketplace for government purchases to be built soon in a bid to promote ‘Digital India’ initiative
Share
Aa
NorthBridge TimesNorthBridge Times
Aa
Search
Follow US
© 2022 NorthBridge Times. All Rights Reserved.




Home – Business

Online marketplace for government purchases to be built soon in a bid to promote 'Digital India' initiative of PM Modi
BusinessIndia

Online marketplace for government purchases to be built soon in a bid to promote ‘Digital India’ initiative

Ankita Sharma
Ankita Sharma Published December 1, 2016
Last updated: 2016/12/01 at 2:53 PM
Share
2 Min Read
SHARE

PM Narendra Modi has been surprising the citizens by introducing some important radical changes at a flank speed. After the scrapping of Rs 500 and Rs 1000 old notes, PM now plans to build Online marketplace for government purchases that would be quite like the “Amazonian market platforms” and is deemed to account for $2 trillion.

Contents
Online marketplace for government purchases to be build soon to alleviate red-tapismInterface would be like other e-market portals
Online marletplace for government purchases to be built soon in a bid to promote 'Digital India' initiative of PM Modi
Modi government assigned $16.5 billion in December 2014 for the ‘Digital India’ initiative

Online marketplace for government purchases to be build soon to alleviate red-tapism

PM Narendra Modi has long been promoting digitisation in India first with his demonetisation move in a bid to make a shift to a cashless economy and now by putting up all the government purchases on an online marketplace.

“This provides India with an opportunity for transformation. The transparency and competitiveness it has brought is very encouraging and so far we’ve seen that the government’s savings are at least 10 percent on every transaction“, said Rita Teaotia, Bureaucrat Commerce Ministry of India.

Online marletplace for government purchases to be built soon in a bid to promote 'Digital India' initiative of PM Modi
Digital India project was started by PM Narendra Modi in 2014

The additional Director at National e-governance division Vishal Singh said that this move will greatly help in boosting up trade in the economy when the portal becomes fully operational. The online marketplace meant for government purchases is supposed to help curb red-tapism and corruption in India and will bring transparency into the system.

Interface would be like other e-market portals

The interface of the portal would be a lot like the other e-markets such as Amazon, Flipkart etc. It would make the process of managing the government purchases a lot easier than before. However, training the manpower would be a task since most of the population is still not acquainted with the use of internet and computer as in the remote areas of the country.

You Might Also Like

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined

Stock Market: Asian Markets Looking Strong

Best Diwali Sandesh to Soldiers Greetings, Wishes, Messages to Indian Army

Diwali Crackers Harmful Effects: Top 6 Reasons Why You Should Give Up Bursting Crackers

Diwali Sizzle: Top Best Diwali Dresses To Try Out On This Festival Of Lights

TAGGED: Commerce Ministry of India, Digital India, Online marketplace for government purchases, PM Narendra Modi, Rita Teaotia

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Ankita Sharma December 1, 2016
Share this Article
Facebook TwitterEmail Print
Share
Previous Article 2006c5336755d2f9e44dc5c716fbf8b9 Magnus Carlsen extended his dominance by winning the World Chess Championship for the third consecutive time
Next Article Reliance Jio Welcome Offer for New and Existing Users further Extended till March 31st Reliance Jio Welcome Offer for New and Existing Users further Extended till March 31st
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.




Latest News

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined
Apple Current Worth is More Than Alphabet, Amazon and Meta Combined
Business Economy November 7, 2022
Stock Market: Asian Markets Looking Strong
Stock Market: Asian Markets Looking Strong
Economy Business November 7, 2022
Home Study Courses
Managing a Small Business: 5 Tips for Long Term Growth
Business May 7, 2022
Medical Supplies Can Protect You When You Work With Radiation
Which marketing techniques are likely to benefit your manufacturing business?
Business February 17, 2022

You Might also Like

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined
BusinessEconomy

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined

November 7, 2022
Stock Market: Asian Markets Looking Strong
EconomyBusiness

Stock Market: Asian Markets Looking Strong

November 7, 2022
Diwali Sandesh to Soldiers
IndiaFestival

Best Diwali Sandesh to Soldiers Greetings, Wishes, Messages to Indian Army

October 15, 2022
Diwali Crackers Harmful Effects
FestivalDiwaliIndia

Diwali Crackers Harmful Effects: Top 6 Reasons Why You Should Give Up Bursting Crackers

October 14, 2022

NBT

We influence 20 million users and is the number one business and technology news network on the planet.

Quick Link

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Advertise With Us
March 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Feb    
NorthBridge TimesNorthBridge Times
Follow US

© 2015-2022 NorthBridge Times. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?