Formulation of a National Competition Policy
is under consideration of the Government. Giving this information in written
reply to a question in the Lok Sabha, Minister of Corporate Affairs, Shri
Sachin Pilot, said
that the Government has introduced a Public Procurement
Bill, 2012 in Lok Sabha in May, 2012. The Bill seeks to regulate public
procurement by all Ministries/Departments of the Central Government, Central
Public Sector Enterprises (CPSEs), autonomous and statutory bodies controlled
by the Central Government and other procuring entities with the objectives of
ensuring transparency,
accountability and probity in the procurement process, fair and equitable
treatment of bidders, promoting competition, enhancing efficiency and economy,
maintaining integrity and public confidence in the public procurement process.
The Bill at present is under examination by the Parliamentary Standing
Committee on Finance.
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