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GeM facilitates Rs 2,200 crore asset disposal for govt entities in 4 years

NEW DELHI: Public procurement portal GeM has enabled government departments and entities to raise Rs 2,200 crore over the last about four years through the disposal of assets such as scrap, e-waste, old vehicles, machinery, and leasehold properties, an official statement said on Sunday. The government e-marketplace (GeM) operates as a digital platform through which…

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No impact of Trump pressure? Indian Oil purchases Russian oil from non-sanctioned entities; ‘will continue to buy if…’

Even as Indian refiners are expected to adhere to the sanctions, they are also expected to continue procurement of Russian crude from non-sanctioned firms. (AI image) Despite US President Donald Trump’s pressure on India to stop purchasing crude oil from Russia, state-run Indian Oil Corporation has placed an order for five cargoes scheduled for December…

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EU sanctions 45 entities: 3 Indian firms named for alleged Russian ties; to face tighter export rules

Three India-based companies were among 45 entities sanctioned by the European Union (EU) on Thursday for their alleged links to the Russian military.The three Indian firms named in the EU statement are Aerotrust Aviation Private Limited, Ascend Aviation India Private Limited and Shree Enterprises, news agency PTI reported. The sanctions form part of the EU’s…

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Trump sanctions hit! Indian nationals among 50 entities sanctioned by US for facilitating Iran oil, LPG exports; here’s what’s happened

The United States on Thursday imposed a new round of sanctions accusing individuals and entities of helping Iran export oil and liquefied petroleum gas (LPG). A release by the US department of the treasury’s office of foreign assets control (OFAC) announced sanctions on over 50 individuals, companies and vessels for their alleged roles.According to an…

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