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)

'Sad Bihari' RS Prasad dubs Swabhimaan rally as 'Apmaan rally' Aug 31, 12:11 pm
Patna, Aug.31 (ANI): Dubbing the Swabhimaan Rally organised by the Mahagathbandan of the Janata Pariwar at Gandhi Maidan as an 'Apmaan' (insult) Rally, Union Minister Ravi Shankar Prasad on Monday said he was saddened as a 'Bihari.'
Full Story
Retired police officer says Sheena Bora murder probe will take time Aug 31, 11:44 am
Mumbai, Aug 31 (ANI): A retired Indian Police Service officer has said that the Sheena Bora murder probe will take time to solve.
Full Story
Smriti Irani to visit IIM Gaya Aug 31, 11:44 am
Patna, Aug. 31(ANI): Union Human Resource Development Minister Smriti Irani on Monday said she will be going to Gaya to meet with students of the Indian Institute of Management (IIM).
Full Story
Kalburgi murder: Suo moto case registered against Bhuvith Shetty over threatening tweet Aug 31, 11:44 am
New Delhi, Aug 31 (ANI): Mangalore rural police on Monday registered a suo moto case against Bhuvith Shetty under sections 506 and 153A of IPC over a threatening tweet.
Full Story