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)

Rahul Gandhi meets slum dwellers in South Delhi's Rangpuri Pahari Nov 27, 9:12 pm
New Delhi, Nov. 27 (ANI): Congress vice-president Rahul Gandhi, who met the slum dwellers in South Delhi's Rangpuri Pahari here on Thursday, said that his party would fight for the rights of the poor.
Full Story
SAARC welcomes declaration of July 15 as World Youth Skills Day Nov 27, 9:12 pm
Kathmandu, Nov. 27 (ANI): Emphasizing on the need for adopting appropriate national policies and programmes for utilizing the youth force and their skills for economic and social development, the SAARC leaders welcomed declaration of July 15 as the World Youth Skills Day at the 69th Session of the UN General Assembly.
Full Story
SAARC calls for strengthening organizational processes Nov 27, 9:12 pm
Kathmandu, Nov. 27 (ANI): The SAARC leaders called for strengthening organizational processes by enhancing the visibility and stature of the organization in the international forum, by forging common positions on issues of mutual interest and seeking group recognition in various multilateral institutions.
Full Story
SAARC welcomes India's offer to launch satellite dedicated to member states Nov 27, 9:12 pm
Kathmandu, Nov. 27 (ANI): Stressing on the need to apply space technology for socio-economic development and public welfare, SAARC leaders on Thursday welcomed India's offer to develop and launch a satellite dedicated to SAARC Countries.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY