https://www.taxtmi.com/news?id=22059 The MoU between GeM and Federal Bank provides payment services including GeM Pool Account transfers, electronic advising of Performance Bank Guarantees and facilitation of Earnest Money Deposit processes to create a cashless, paperless and transparent procurement payment system; GeM is also arranging bill discounting and working capital financing with cost linked to seller performance and contemplates an EMD pool account to ease bidder compliance. en-us Wed, 23 Oct 2019 17:50:11 +0530 Wed, 23 Oct 2019 17:50:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22059 The MoU between GeM and Federal Bank provides payment services including GeM Pool Account transfers, electronic advising of Performance Bank Guarantees and facilitation of Earnest Money Deposit processes to create a cashless, paperless and transparent procurement payment system; GeM is also arranging bill discounting and working capital financing with cost linked to seller performance and contemplates an EMD pool account to ease bidder compliance. News - Wed, 23 Oct 2019 17:50:11 +0530 https://www.taxtmi.com/news?id=22059