Sign In
Learn bits
Economy
Mahesh

23/04/22 10:43 AM IST

e-Auction of Commercial Earning and Non-Fare Revenue contracts

In News 
  • Indian Railways has launched a ‘pilot project’ for e-Auction of Commercial Earning and Non-Fare Revenue contracts, on eleven Divisions over nine Zonal Railways.
Features
  • For the contracts for leasing of parcel space, parking lots, and commercial publicity
  • Quick finalization of contract, and quick re-award in case failure of any contract
  • No geographical restriction on bidders/ applicants for registration and participation in any e-Auction throughout Indian Railways
  • Relaxed eligibility criteria
  •  E-Auction (online) only through IREPS
  • Auction catalogues to be published minimum 12 days prior to the day of auction
  •  To ensure ease-of-doing-business
Source-PIB 

    More Related Current Affairs View All

    24 Sep

    Leveraging transit-oriented development to build productive cities

    'Indian cities are on the brink of a transportation revolution, with a projected expenditure of ?3 trillion (between 2022–2027) set to be spent on approved metro rail project

    Read More

    24 Sep

    Section 107 of BNSS

    'The Bharatiya Nagarik Suraksha Sanhita (BNSS), 2023, introduced Section 107, which deals with properties which are “proceeds of crime”.' Until recently, this term w

    Read More

    24 Sep

    Supreme Court strengthened child pornography law

    'Tightening the law on child pornography, the Supreme Court recently said that even viewing, possessing, and not reporting such content is punishable under the Protection of Childr

    Read More

    India’s First Ai-Driven Magazine Generator

    Generate Your Custom Current Affairs Magazine using our AI in just 3 steps