CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Procurement without bidding process- OAG report

CEO TAB by CEO TAB
February 6, 2019
in Prime News
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Banke, February 6 : Some government agencies and local governments were found to have procured goods and services without soliciting bids.
The 2018/19 report of the Office of Auditor General – the constitutional budget oversight agency has painted a bleak picture of most of the government agencies based in the district.
It is mandatory for the concerned public entity to call quotations for open competition. Nevertheless, the competition has been made among limited forms and entities. Such practices have created ample spaces for fiduciary malaises, the report stated.
According to the OAG report, most of the district-based government offices were found to have purchased the goods in bit and piece against the procurement rule.
According to the Public Procurement Act, the procurement of goods worth above a certain limit should be done at once.
Most of the government offices and local governments are found to proceed the procurement without master plan and annual procurement plan.
The offices were also found to have apathetic to execute the given responsibilities, reads the report. It has affected revenue collection and protection of public properties as well as relegated the public service to backburner.
The status of fiscal transparency is worse in local government than in government offices. However, the government offices are also found working in an unsystematic manner. The Treasury Single Account Office also noted that some offices were found maintaining database in a haphazard way.
Even the District Administration Office is not found systematic in genuinely maintaining data and records for monitoring the government offices and taking actions. RSS

You might also like

Digital Economy Expanding Beyond Fintech and Digital Payments

Nepal Increases E-Passport Production Capacity

NRB Tightens Regulations on Hire Purchase Companies

Share30Tweet19
CEO TAB

CEO TAB

Recommended For You

Digital Economy Expanding Beyond Fintech and Digital Payments

by CEO Tab
August 12, 2026
0
Digital Economy Expanding Beyond Fintech and Digital Payments

Nepal’s digital economy is expanding beyond fintech and digital payments into areas such as content creation, the gig economy and algorithm-driven businesses, experts said during a discussion organized...

Read more

Nepal Increases E-Passport Production Capacity

by CEO Tab
August 12, 2026
0
Nepal Increases E-Passport Production Capacity

The Department of Passports has significantly increased its capacity to produce electronic passports (e-passports) to meet growing demand. On August 10 (Shrawan 25), the department successfully printed 5,878...

Read more

NRB Tightens Regulations on Hire Purchase Companies

by CEO Tab
August 12, 2026
0
NRB Tightens Regulations on Hire Purchase Companies

Nepal Rastra Bank (NRB) has tightened regulations governing hire purchase companies to prevent excessive interest charges, improve transparency and strengthen financial discipline. Under the sixth amendment to the...

Read more

Government to Conduct On-Site Inspections of Madhesh Local Bodies Over Delayed Budgets

by CEO Tab
August 12, 2026
0
Government to Conduct On-Site Inspections of Madhesh Local Bodies Over Delayed Budgets

The government is preparing to conduct on-site inspections of local governments in Madhesh Province that have failed to announce their annual budgets within the stipulated deadline. According to...

Read more

Government to Raise Rs. 100 Billion in Internal Debt in First Quarter

by CEO Tab
August 11, 2026
0
Government to Raise Rs. 100 Billion in Internal Debt in First Quarter

The government plans to raise Rs. 100 billion in internal debt during the first quarter of Fiscal Year (FY) 2026/27, according to the annual borrowing calendar released by...

Read more
Next Post
State-1 government

State 1 government declares to award Nepali team if it wins SAFF women football tourney

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.