Margin obligations to be given by way of Pledge/ Re-pledge in the Depository System (See 'Dashboard') SEBI asks Depositories to scan accounts linked with Al-Qaida (See 'Corp Brief') SEBI: Despite grey list, Mauritius investors will get FPI registration (See 'Corp Brief') EESL completes installation of 10 lakh smart meters in India (See 'Corp Brief') SEBI finds corporate misgovernance & listing norms violations by Indigo on complaint filed by co-promoter Bhushan Steel Insolvency: ex promoter files petition in Supreme Court against JSW USD 2.7 bn purchase deal SEBI - SEBI has rightly given exemption from complying with requirements of Regulations 3 and 4 of SAST Regulations to public sector companies who acquired shares of target company through disinvestment process: SAT (See 'Legal Desk') Companies Act - If interim order passed in oppression petition is modified due to changed circumstances in operation of company, such modification cannot be challenged unless proved prejudicial: NCLAT (See 'Legal Desk') CCI nod to NTPC to acquire 74.50% of share capital of THDC India (See 'Corp Brief') Review of Margin Framework for Cash and Derivatives segments (except for Commodity Derivatives segment) (See 'Dashboard') MCA launches SPICe+ e-form to ease doing business (See 'Corp Brief') Aditya Estates Insolvency: NCLT approves Adani Properties bid of Rs 400 cr PepsiCo spends USD 700 mn to purchse Chinese snack brand Be & Cheery IBC - Insolvency application against Flipkart quashed for bringing section 9 application before crystallisation of debt: NCLAT (See 'Legal Desk') Companies (Incorporation) Amendmen Rules, 2020 (See 'Dashboard') SEBI (Depositories and Participants) (Amendment) Regulations, 2020 (See 'Dashboard') Constitution of a committee for recommending Rules & Regulatory framework for smooth implementation of proposed Cross Border Insolvency provision in the IBC (See 'Dashboard') Competition - Increased rates of telecom services come under radar of CCI provisions even if such rates are in conformity with section 21A of TRAI: CCI (See 'Legal Desk') IBC - Even after passing of award by Arbitrator, if corporate debtor does not honour award then operational creditor is right in invoking jurisdiction of NCLT u/s 9 of IBC : NCLAT (See 'Legal Desk') Paris based ADP files for acquisition of GMR Airports & GISL via CCI Green Channel facility (See 'Corp Brief') Women entrepreneurs dominates Organic Food Festival held in Delhi (See 'Corp Brief')

GeM Samvaad - Users share feedback & inputs

Published: Jan 17, 2020

By TIOLCorplaws News Service

NEW DELHI, JAN 17, 2020: GeM Samvaad, a two month long national outreach programme was launched on December 17, 2019 to reach out to stakeholders across the country and also local sellers in order to facilitate on-boarding of local sellers on the marketplace while catering to specific requirements and procurement needs of buyers. The outreach programme took off from December 19, 2019 and during the launch week the States of Karnataka, Uttarakhand, Himachal Pradesh and Andhra Pradesh were covered.

GeM Samvaad is being conducted in all States and Union Territories. After the first four states the outreach programme has been held in J&K on January 05, Ladakh on January 07, Assam and Bihar on January 09 and in Chandigarh on January 08, 2020. All the outreach programmes witnessed overwhelming participation of buyers and sellers. GeM senior officers are steering the programmes. They are also interacting with buyers and sellers attending the events. Arrangements for the outreach programmes including logistics are made by the respective State Governments. The target is to reach out to all stakeholders and learn from their experiences on their usage of GeM portal. Through this outreach programme, GeM expects to make the actual users aware about the new features and functionalities of the portal and collect feedback, which is the first step towards GeM's 'Voice of Customer' initiative.

A Roundtable with Ministries/Departments & Central Public Sector Enterprises (CPSEs) was held on January 14, 2020 in New Delhi as part of GeM Samvaad. It was chaired by Secretary, Department of Commerce, Government of India and CEO GeM. More than 100 participants including Financial Advisors & nodal officers of Ministries, Departments, and representatives of CPSEs participated in the Roundtable and shared their feedback, challenges and suggestions.

The Commerce Secretary highlighted the need for full utilization of the potential of GeM. He stated that Rule 149 of GFR and directives of the Department of Public Enterprises make the procurement of goods and services by Ministries and CPSEs mandatory for goods and services available on GeM and the same should not be violated. The GeM is continuously working to bring all the items on-board and buyers should accelerate this process by providing specifications of categories and asking sellers to onboard GeM. He further emphasized the importance of timely payments to sellers and stated that buyers should ensure payments to sellers on time.

State Departments and Organizations and Public Sector Enterprises (PSEs) have been using GeM for their buying needs. Sellers from the States are also benefitting through the access to national Public Procurement market using the portal. Through GeM Samvaad the marketplace is looking forward to receiving feedback from users which will be used for making improvements and advancements in the system.

GeM has more than 15 lakh products and around 20,000 services, more than 3 lakh registered sellers and service providers and more than 40,000 Government buyer organizations. In its short journey of three years, GeM has processed more than 28 lakh orders worth Rs 40,000 crores in Gross Merchandise Value out of which 50% has been transacted by MSMEs.