How does the Indian governance structure ensure transparency and accountability in public contracts?
Examine how governance practices in India promote transparency and accountability in public contracts.
- Legislation: The Indian government has put in place laws such as the Right to Information Act and the Prevention of Corruption Act that mandate transparency in public contracts.
- E-procurement systems: The use of online platforms for public procurement processes allows for greater transparency as all information regarding contract bids and awards can be accessed by the public.
- Independent oversight bodies: Entities like the Comptroller and Auditor General (CAG) and the Central Vigilance Commission (CVC) provide oversight and scrutiny of public contracts to ensure accountability.
- Audit mechanisms: Regular audits of public contracts by the CAG help identify discrepancies and promote accountability in the utilization of public funds.
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