Procurement bill gets thumbs-up
Published: Feb 24, 2012
India - India's group of ministers (GoM) on corruption has approved the draft Public Procurement Bill to regulate government purchases with a transparent bidding process.
The proposed bill disallows any scope for price negotiations and restrictions on the number of bidders. It aims to provide a platform to facilitate grievance redressal mechanism and penalties for offences, including barring of bidders engaged in corrupt practices, according to various media reports in India.
The bill might come up during the next budget session of India's parliament.
Prior to the draft procurement bill, there have been no other legislations set to govern public procurement.
In August last year, the Indian government reported they will be adopting initiatives from the UN's public procurement legislation to stamp out corruption.
The Public Procurement Bill was proposed to ensure transparency and fair treatment of bidders, which then encourages competition and increases efficiency and economy.
After the approval for the GoM, the Public Procurement Bill needs to be approved by the prime minister then cleared by the Cabinet before implementation, according to Times of India.
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