CCI emphasises the need for encouraging Competitive practices in public procurement
Listen to this Article
The Financial Advisors and key Government officers handling the procurement aspects in the Govt. have been advised to encourage competitive practices in public procurement and framing competitive coherent govt. policies. Inaugurating a Conference on “Curbing Deficit through Effective Competition in Public Procurement” in the Capital today, Shri Ashok Chawla, Chairman of the Commission emphasised about the competitive imperatives required in the govt. policies in general. He also gave suggestions to introduce and increase competition and transparency in the procurement practices that could also help in reducing fiscal and revenue deficit of the government.
The Conference was attended by more than 100 representatives from more than 30 ministries/ departments of the Central Government. Notably, CCI has already organised workshop with Nodal Officers of Central Ministries/ Departments on Competition Coherent Government Policies earlier this year.
Shri Ashok Chawla asked the procurement agencies to be alive to market information and optimise and maximise the bidders to ensure healthy competition. He also advised the procurement officers to be well aware of the technical specifications, tender process and ensure evaluation of the bidding process so as to have a competition compliant public procurement.
Category : Corporate Law | Comments : 0 | Hits : 222
Ashneer Grover, former managing director of BharatPe, has moved the National Company Law Tribunal (NCLT), Delhi, alleging opression and mismanagement at the company. The case came up for hearing on...
Over 96,000 companies have wound up their operations in the past five years, according to the Ministry of Corporate Affairs. Businesses opt for winding up for various reasons, including financial u...
Three board members of Ed tech company Byju’s resigned on Thursday, June 22. According to reports, Peak XV Partners' GV Ravishankar, Prosus' Russell Dreisenstock and Chan Zuckerberg Init...


Comments