New Delhi [India], July 30 (ANI): The Central government received bids worth Rs 1, 49,967 crore at the end of the fifth day of the 5G spectrum auction on Saturday.

New Delhi [India], July 28 (ANI): The government has received bids worth Rs 1,49,623 crore at the end of day three of the 5G spectrum auction on Thursday.

New Delhi [India], July 27 (ANI): At the end of day two, the government has received bids worth over Rs 1.49 lakh crore from the auction of the 5G spectrum, Union Minister of Communications, Electronics and Information Technology Ashwini Vaishnaw said on Wednesday.

New Delhi [India], July 27 (ANI): India is in the final stage of rolling out high-speed 5G telecom services with the much-anticipated auction for the spectrum likely to be completed today.

New Delhi [India], June 24 (ANI): Indian Railways has taken steps to bring commercial earning and non-fare revenue contracts under the ambit of electronic auction through the Indian Railway e-Procurement System (IREPS), in line with the prevailing e-auction of scrap sale.

New Delhi Apr 25 PTI The armed forces will have to source military hardware under modernisation drive from the domestic industry and their import should only be an exception the defence ministry said on Monday announcing major changes in Indias defence acquisition procedureThe ministry also decided to dispense with the requirement of the Integrity Pact Bank Guarantee IPBG to reduce the financial burden on the Indian defence industry a move aimed at promoting domestic manufacturingIt said Earnest Money Deposit EMD will be taken as bid security for all acquisition cases costing more than Rs 100 croreGoing forward all modernisation requirements of the defence services and Indian Coast Guard are to be indigenously sourced irrespective of the nature of the procurement the ministry said in a statementIt said import of defence equipment and sourcing them from the foreign industry under capital acquisitions should only be an exception and undertaken with specific approval of the defence acquisition council or the defence ministerAs advised by the Ministry of Finance and to reduce the financial burden on the Indian defence industry whilst maintaining financial safeguards the requirement of Integrity Pact Bank Guarantee IPBG has been dispensed with the ministry saidInstead Earnest Money Deposit EMD will be taken as a bid security for all acquisition cases with Acceptance of Necessity AoN cost more than Rs 100 crore it addedThe ministry said the EMD will be valid for the selected vendor up to the signing of contracts and returned to remaining vendors post declaration of selectionPost contract integrity pact will be covered through the performance cum warranty bank guarantee PWBG Further as per extant government of India policy EMD is not required from Micro and Small Enterprises MSEs it saidTo encourage wider participation and a broad base of indigenous defence manufacturing sector in the country the total order quantities in acquisition cases are to be split between shortlisted vendors wherever viable according to the ministryFurther the other technically qualified bidders who have not been awarded contract will be issued a certificate by the services indicating that the product has been successfully trial evaluated to facilitate vendors to explore other markets it saidThe defence ministry also decided to cut waiting time for projects under the iDEX frameworkThe iDEX programme was launched in 2018 as an ecosystem to foster innovation and technology development in the defence and aerospace sectors by engaging innovators and entrepreneursTo enable the budding startup talent pool of the country to contribute towards the twin mantras of self-sufficiency and indigenisation the procurement process under the iDEX procedure of DAP Defence Acquisition Procedure 2020 has been simplifiedWith this simplification time taken from grant of AoN to signing of the contract will be reduced to 22 weeks the ministry saidIt said the Make-II procedure of DAP-2020 involving indigenisation of defence equipment through industry-funded projects at the prototype development stage has been simplified by incorporating single-stage composite trials of prototypes and dispensing off with quantity vetting and scaling for initial procurementsPost simplification the timelines in the Make-II procedure will be reduced to 101-109 weeks from an existing total time period of 122-180 weeks the ministry saidIn the last few years the government has taken a series of measures to promote domestic defence productionIndia facing tough challenges from neighbours on its northern and western frontiers is one of the largest importers of arms globally According to estimates the Indian armed forces are projected to spend around USD 130 billion in capital procurement over the next five yearsThe government now wants to reduce dependence on imported military platforms and has decided to support domestic defence manufacturingThe defence ministry has set a goal of a turnover of USD 25 billion Rs 175 lakh crore in defence manufacturing in the next five years which includes an export target of USD 5 billion Rs 35000 crore worth of military hardware PTI MPB ANB ANB

Thane Feb 24 PTI The City Industrial Development Corporation CIDCO has granted extension for the online registration of mass housing scheme till March 24 an official said on Thursday The development authority has also extended the deadline for payment of fees and EMD amount and the computerised draw accordingly he said The CIDCOs Mass Housing Scheme 2022 has received an overwhelming response The deadline for submission of the applications has been extended to allow sufficient time for submission of documents and payment of the EMD amount This will give an added window to the citizens who are willing to apply Dr Sanjay Mukherjee Vice-Chairman and Managing Director CIDCO The CIDCO launched the mass housing scheme of 5730 houses on January 26 under which 5730 flats have been made available in the rapidly developing Taloja node in Navi Mumbai Of the 5730 houses 1524 are available for the economically weaker sections under Pradhan Mantri Awas Yojana and the remaining 4206 houses are for the general category As per the revised schedule online registration can be completed by March 24 After the registration the online application and online payment process have to be completed by March 25 The draft list of accepted applicants will be published on March 31 and the final list of accepted applicants will be published on April 4 on CIDCOs website The computerised draw for the scheme will be held on April 8 PTI COR ARU ARU