The Viewpoint: The Public Procurement Bill A Silver Lining with Some CloudsJune 6 2012
By Amitabh Kumar and Vishnu P Sudarsan
Public procurement is a sensitive aspect of governance and is often susceptible to waste, bribery and corruption. This is primarily on account of its complexity, the large financial outflows involved and the close interaction between public and private players. In a country reeling under successive scams and institutionally-entrenched corruption, a defined and efficacious public procurement law is the need of the hour.
On May 14, 2012, the Public Procurement Bill, 2012 (Bill/Act) was introduced in the Lok Sabha by the Finance Minister, Pranab Mukherjee. The . . .
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