Ministry of Commerce and Industries Current Affairs - 2019

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GeM and CCI Sign MoU

Government e Marketplace (GeM) and Competition Commission of India (CCI) have signed a Memorandum of Understanding to enable a fair and competitive environment in the e-Marketplace.

Combating Anti-competitive practices

Both CCI and GeM attach significant importance to the advanced analytical tools and processes for identification of malpractices like cartelization. Hence to pool their knowledge of the public procurement domain for detection of Anti-competitive practices GeM and CCI have signed a MoU.

Government e Marketplace (GeM)

GeM is a state-of-the-art national public procurement platform of Ministry of Commerce and Industries. GeM facilitates online procurement of common use Goods & Services required by various Government Departments / Organisations / PSUs.

GeM provides the tools of e-bidding, reverse e-auction and demand aggregation to facilitate the government users, achieve the best value for their money.

GeM aims to enhance transparency, efficiency and speed in public procurement and has used technology to remove entry barriers for bonafide sellers and has created a vibrant e-marketplace with a wide range of goods and services.

Competition Commission of India (CCI)

Competition Commission of India is a statutory body of the Government of India, responsible for enforcing the Competition Act, 2002 throughout the country and to prevent activities that have an adverse effect on competition. CCI consists of a Chairperson and 6 Members appointed by the Central Government.

Month: Categories: NationalUPSC


Commerce Ministry launches [email protected] for effective resolution of foreign trade-related issues

The Union Ministry of Commerce and Industries has set up [email protected], an online service facility for effective resolution of foreign trade-related issues of importers and exporters.

The facility was activated on Directorate General of Foreign Trade (DGFT) website. It will enable traders to raise all trade related matters to Directorate or other agencies of Centre and States.

Key Facts

To ensure systematic monitoring and effective resolution of issues, DGFT has requested exporters and importers to not to send their queries through social media platforms and use [email protected] service instead. The DGFT has sent notice to all regional authorities, commodity boards, export promotion councils and members of trade and industry confirming activation of facility for expeditious resolution of issues.

Directorate General of Foreign Trade (DGFT)

The DGFT is nodal agency responsible for execution of import and export Policies of India. It is entrusted with responsibilities for formulating and implementing foreign trade policy with main objective of promoting India’s exports.

Month: Categories: National