The government will bring a new bill during the winter session of Parliament to introduce more transparency in all its purchases - from pencils to cars.
The new public procurement law to demarcate powers and responsibilities of various authorities and ensure transparency to reduce corruption would be introduced in the winter session, law minister Salman Khurshid said after a meeting of the nine-member group of ministers (GoM) on tackling corruption.
"As the rules under the law will need to be in place soon after the law is enacted, the committees on procurement of goods, drugs, services and works may directly commence drafting rules and standard templates," the GoM, headed by finance minister Pranab Mukherjee, decided.
In February, the cabinet secretary set up a special committee on procurements headed by former Competition Commission of India (CCI) chairman Vinod Dhall to give recommendations on the issue.
According to the recommendations, the emphasis is on transparency and putting maximum information in public domain.
"This facet is especially relevant in the context of a public procurement legislation and public procurement portal," a statement issued after the meeting said.
The proposed law will highlight the importance of an appropriate and well-designed procurement policy.
The bill will also revamp the general financial rules and associated rules for procurement of works, goods and services to bring them at par with current international best practices.