Cabinet approves public procurement Bill

   Apr 12, 4:02 pm

New Delhi, Apr 12 (ANI): The Union Cabinet on Thursday approved the Public Procurement Bill, 2012 that seeks to regulate government purchases of above Rs 50 lakh through a transparent bidding process

The Bill is based on broad principles and envisages a set of detailed rules, guidelines and model documents.

The Bill would create a statutory framework for public procurement, which will provide greater accountability, transparency and enforceability of the regulatory framework.

The Bill provides for the following:

a. Ensuring that competition will be maximised in procurement in the interests of economy, efficiency, and integrity.

b. Providing for adequate flexibility to take into account diversity of needs and types of procuring entities, types of procurement needs and methods of procurement.

c. Providing for a strong framework of transparency and accountability through a public procurement portal and a grievance redressal system in which an independent mechanism, chaired by a retired High Court Judge, would review grievances. (ANI)

ISRO geared up for IRNSS-1D satellite launch from Sriharikota Mar 27, 9:16 pm
Sriharikota (Andhra Pradesh)/Chennai, Mar. 27 (ANI): The Indian Space Research Organisation (ISRO) is all set to launch the country's latest navigation satellite, the Indian Regional Navigation Satellite System (IRNSS)-1D from the Satish Dhawan Space Centre at Sriharikota.
Full Story
Basanti Puja celebrated with full devotion in Tripura Mar 27, 9:16 pm
Agartala, Mar. 27 (ANI): The festival of 'Basantipuja' was celebrated with great fervor and enthusiasm here today at the Anandamayee Sangha.
Full Story
Festive mood in Vajpayee household following Bharat Ratna award Mar 27, 9:16 pm
New Delhi, Mar. 27 (ANI): Even as former prime minister Atal Bihari Vajpayee received the Bharat Ratna, the highest civilian accolade in Independent India, the prevailing atmosphere from his friends, former colleagues and well-wishers present at the ceremony at his 6, Krishna Menon Marg residence in the national capital was a festive one.
Full Story
Woman passenger allegedly harassed by immigration officer at Delhi airport Mar 27, 9:16 pm
Bangalore, Mar. 27 (ANI): A passenger travelling from Bangalore to Hong Kong via New Delhi has alleged that she was harassed by an immigration officer at the Indira Gandhi International Airport in the national capital.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY