Sign In / Register
Make This My Home Page | Feedback |RSS
You are here: IE »   Story

Independent monitors can probe corruption charges in defence deals

  • Print
  • Mail This Article
  • Comments
  • Add to favorites
  • To bring more transparency in defence deals, the government has decided to give independent monitors appointed in consultation with the Central Vigilance Commission access to official records to probe corruption charges.

    The new provision, added to the amended Defence Procurement Policy (2009) released on Thursday, is aimed at enhancing “probity and public accountability”.

    It would give independent monitors, including institutions promoting transparency, the power to investigate all allegations of corruption.

    A set of amendments in the policy is aimed at giving a boost to the Indian private sector, lifting the shroud of secrecy on defence procurements by making it mandatory to put all request for information (RFI) public.

    The government has decided that request for proposals to procure defence equipment, earlier issued only to foreign vendors, can now be given to Indian companies with requisite financial and technical capabilities.

    Ads by Google

    Under the revised Defence Procurement Policy, which will come into effect from November, Indian firms that have tie-ups and technology transfer of defence equipment from foreign firms would be issued tenders for all defence purchases, Defence Minister A K Antony said.

    The Armed Forces would also make public their 15-year-long term acquisition plans so that companies here can make products and enter into tie-ups for technology transfer accordingly. The policy would also make it compulsory for the Armed Forces to issue RFI on the Ministry of Defence website in all acquisition cases.

    Experts say the policy could help in cutting middlemen’s role as foreign firms would legally be able to tie up with Indian companies who would in turn interact with the government.

    ... contd.

    Next12
    Comments
    Post comment

    Be the first to comment.

    Post a Comment
    Name:
    Email:
    Title:
    Maximum characters allowed     
    Comment:
    TERMS OF USE:
    The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
    I agree to the terms of use.