The Viewpoint - Overview of the draft Public Procurement Bill 2012June 27 2012
By Avirup Nag and Arjun Sinha
While the Government of India (GoI) has formulated guidelines (such as Central Fiscal Rules, 2005 and the Defence Procurement Procedure and Manual) for government procurement, the jurisprudence on public procurement in India has developed through various judicial decisions. In order to regulate and ensure transparency in government procurement process, the Ministry of Finance has introduced the draft Public Procurement Bill, 2012 (Bill) in the Indian Parliament. Once enacted, the Bill will regulate the award of government contracts . . .
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