https://www.taxtmi.com/news?id=16490 GeM is a fully end to end e procurement platform designed to enhance transparency, speed and accountability by providing online supplier and buyer registration with electronic authentication, standardised specifications, full audit trails, linkage to government payment portals for online settlement, and automated user alerts. The General Financial Rules have been amended to enable platform procurement with a two tier mechanism allowing direct purchase for low value needs and competitive procurement for higher value needs; paying authorities must make timely payments and goods are deemed accepted if not accepted or rejected within the prescribed period. en-us Tue, 09 Aug 2016 16:54:48 +0530 Tue, 09 Aug 2016 16:54:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16490 GeM is a fully end to end e procurement platform designed to enhance transparency, speed and accountability by providing online supplier and buyer registration with electronic authentication, standardised specifications, full audit trails, linkage to government payment portals for online settlement, and automated user alerts. The General Financial Rules have been amended to enable platform procurement with a two tier mechanism allowing direct purchase for low value needs and competitive procurement for higher value needs; paying authorities must make timely payments and goods are deemed accepted if not accepted or rejected within the prescribed period. News - Tue, 09 Aug 2016 16:54:48 +0530 https://www.taxtmi.com/news?id=16490