e-Commerce

Finance Ministry makes e-Procurement and e-Payment mandatory

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The Finance Ministry of India has made it mandatory for all government departments and public sector companies to go in for e-Procurement and e-Payment to save on costs.

 

Ban on transfers, foreign travel, purchase of vehicles and cut in budget expenditure are among a series of austerity measures initiated by the finance ministry. In a major concession to the changing ways the government does business, e-Procurement and e-Payment will be the norm for all departments. This means tax filing and refund orders, booking of contracts and even the exchange of salary advice for the millions of government employees, will be done electronically.

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