11 April 2017 Current Affairs:
The Indian Railways will be launching digital contract, a system of digitisation of its entire supply chain across all zones.The step is aimed at improving the ease of doing business and transparency.With 100 per cent e-tenders and e-auctions already assimilated into the system, railways are further planning to build on these initiatives to achieve seamless flow of material, finances and information.
THE DIGITAL CONTRACT :
Digital contract, a seamlessly integrated digital supply chain, to be launched by railway minister Suresh Prabhu on Tuesday, envisages involving stakeholders including industries, financial institutions, customers and inspecting agencies to create an efficient, responsive and transparent system.The system includes digitisation of processes like bill submission, inspection, dispatches, receipt, bill passing and bill payments and enabling use of analytics for increasing supply-chain efficiencies in real time.
Indian railways - 16 April 1853
Railway Minister - Mr Suresh Prabhu
The Great Southern India Railway Co. was founded in Britain in 1853 and registered in 1859.