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Latest Macro Economy News & Updates | The HinduBusinessLine

RBI Monetary Policy Meet June 5, 2026 Highlights: Repo rate unchanged at 5.25%, policy stance neutral; 5 measures to attract dollars Domestic Strength Shields India from $114 Oil Shock: PMEAC Chairman S Mahendra Dev Micro-Economic Impact of Budget: Panelists concerned over state finances, laud fiscal consolidation Infrastructure spending gets a leg-up with govt capex pegged at ₹12.2 lakh crore in 2026-27 Budget Raise Urea MRP, pay fertiliser subsidy to farmers, says Survey Data from more urban, rural markets from 12 big cities to used for new CPI series Cyclone Ditwah retains status, winds to wind down I-T dept eyes 25,000 cases under Nudge Campaign for declaration of foreign assets, income GST rate cut, domestic demand can shield India from Trump tariffs Customs imposes penalties on 2 firms for irregularities in organic rice exports GST Council likely to meet soon after winter session, insurance to be in focus India withstood geopolitical shocks; will navigate future uncertainties too: MPC’s Jayanth R Varma India has no plans to import wheat for now - Piyush Goyal After weak December quarter, winter products begin seeing an uptick in demand Telangana attracted ₹2.60 lakh crore investment during 2014-23 Indian economy to exceed growth estimates after strong Q2 beat: economists Prolonged Persian Gulf crisis can affect India’s economic activity: FinMin How a Dharavi-based housemaid inspired rural financial start-up Jai Kisan India’s UPI is an exemplar for the world: Eswar Prasad A single adverse weather event such as El Niño may not be a threat to macroeconomic stability, RBI Bulletin Karnataka CM Siddaramaiah to flag off bl’s MSME Growth Conclave Wholesale inflation declines to 90-month low of -3.48% in May Strategic disinvestment: CBDT to exempt deemed taxation of difference in book value and fair value Global steel output declines 2.4% in April as China disappoints Realtors see hit in demand at the lower end Strength of India intact, forex reserves swelled by $8 billion in last two days: FM Economic Survey: States taking new initiatives to improve their revenue sources Economic Survey: Huge gap between expectation and reality, says Amit Mitra Rare earth elements and critical minerals will be next geopolitical battleground: Survey ‘Sharp increase in Railway freight traffic indicative of strong revival in economic activity post-Covid’
Micro & small enterprises corner 55% of total orders plac...
By PTI · 2023-01-11 · via Latest Macro Economy News & Updates | The HinduBusinessLine

Micro and small enterprises (MSEs) have cornered over 55 per cent of the total orders placed on the public procurement platform GeM since FY2020-21, a senior government official said.

The Government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments. GeM CEO PK Singh said that the public procurement policy for MSEs mandates 25 per cent of buying of goods and services from these units and 3 per cent MSEs owned by women.

"On GeM, MSEs have secured 55.2 per cent (₹1,41,887 crore) of total order value (₹2,57,263 crore) and MSEs owned by women have secured 8 per cent (₹11,373 crore) of the MSE orders since FY2020-21 till now. The numbers reflect inclusivity on GeM," Singh told PTI.

Procurement of goods and services from government portal GeM has crossed ₹1-lakh crore so far this fiscal on account of an increase in buying activities by different ministries and departments. The commerce ministry is also in the process of awarding a project to upgrade the portal.

Currently, government departments, ministries, public sector units, state governments, and Central Armed Police Forces are allowed to carry out transactions through this portal. The portal provides a wide range of products from office stationery to vehicles. Automobiles, computers and office furniture are currently the top product categories. Services, including transportation, logistics, waste management, web casting and analytical, are listed on the portal.

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Published on January 11, 2023