Billing Current Affairs - 2019
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The Union Ministry of Railways has introduced Indian Railways E-Procurement System (IREPS), an online bill tracking system for vendors and contractors.
It aims to enhance transparency in the processing and settlement of bills by increasing use of information technology.
Indian Railways E-Procurement System (IREPS)
IREPS will help contractors and vendors of Indian Railways to track status of their bills. The vendor or contractor need to register with online IT platform developed. The registration will enable vendor or agencies to see their bill status with dates through various stages of processing of bills, stages at which it is lying, amount for which it is passed and other details.
The online IT platform also has history feature to facilitate vendor to see the history of bills submitted. The bill tracking facility is available for vendors of goods and services. All bills will be settled within 30 days of its receipt using this platform.