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)

Manmohan Singh declines to comment on Vinod Rai's allegations Sep 14, 9:32 pm
New Delhi, Sept. 14 (ANI): Former Prime Minister Dr Manmohan Singh declined to comment on former Comptroller and Auditor General (CAG) of India Vinod Rai's allegations against him here on Sunday.
Full Story
BJP looking to contest from 135 seats in Maharashtra polls, says Rajiv Pratap Rudy Sep 14, 9:32 pm
Pune, Sept.14 (ANI): Bharatiya Janata Party (BJP) general secretary Rajiv Pratap Rudy on Sunday said that the party will look to contest the upcoming legislative assembly elections in Maharashtra from 135 of the total 288 seats.
Full Story
Ananth Kumar wants MP to have chapter on lifestyle diseases in school curriculum Sep 14, 9:01 pm
Bhopal, Sept. 14 (ANI): Minister for Chemicals and Fertilisers Ananth Kumar on Sunday asked Madhya Pradesh Chief Minister Shivraj Singh Chouhan to introduce a chapter on lifestyle diseases in school curriculum. With this move, Madhya Pradesh would become the first state in the country to have such a topic discussed at the school level.
Full Story
President Mukherjee arrives in Hanoi on state visit Sep 14, 8:37 pm
Hanoi (Vietnam), Sept. 14 (ANI): President Pranab Mukherjee arrived in Hanoi on Sunday on a four-day state visit during which he will meet top leaders to boost the bilateral and strategic partnership between India and Vietnam.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY