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Vaishnaw launches Policy and Portal of e-auction

Published on June 26, 2022
Current Context: Indian Railways has to move ahead to bring commercial earning and non-fare revenue contracts under the ambit of electronic auction through the Indian Railway e-Procurement System (IREPS), for scrap sale.
Vaishnaw launches Policy and Portal of e-auction
  • This will not only increase Railways earnings but also helps in ease of doing business.
  • In addition to that, the Lengthy process of tendering would get simplified. it will also provide opportunities for youth to join the e-auction process.
  • Besides, this policy enhances ease of living and promotes transparency in Indian Railways.
  • Participation in present e-tendering requires physical registration with the concerned field unit.
  • A successful bidder would be able to receive acceptance online and through e-mail in a concise span of time.


Q.1 Which of the following ministry has launched an e portal for commercial earnings?
a. Ministry of Railways
b. Ministry of Defence
c. Ministry of Textiles 
d. Ministry of Road Transport
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