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Context
Govt. departments must follow Indian rules in contracts
What has happened?
The Central Vigilance Commission has drawn up a new set of guidelines for projects funded by international agencies such as the World Bank, IMF and Asian Development Bank
Govt departments to follow Indian rules
- The new guidelines will put an end to existing practice of government departments and agencies adhering to the guidelines of foreign donors, while ignoring Indian government rules, in concluding contracts for projects funded by them
- The new guidelines also draw a distinction between grants-in-aid and loans.
Question that might arise
Whether Indian guidelines that insist on the lowest financial tender to be selected, even if quality questions remain, is better than standards followed by the international agencies?
