An anti-corruption charity says it has identified significant concerns in contracts worth over £15.3bn awarded by the Conservative government during the Covid pandemic, equivalent to one in every £3 spent. Transparency International UK found 135 “high-risk” contracts with at least three red flags – warning signs of a risk of corruption. Twenty-eight contracts worth £4.1bn … Read more
The State government will ask the Kerala State Electricity Regulatory Commission to re-examine its decision not to approve a clutch of long-term power supply agreements totalling 465 MW entered into by the Kerala State Electricity Board (KSEB). The State Cabinet, which met on Wednesday, has decided to invoke Section 108 of the Electricity Act which … Read more
The Ministry of Defence (MoD) has signed three contracts worth ₹5,400 crore — two with Bharat Electronics Limited (BEL) worth ₹2,400 crore for procurement of Automated Air Defence Control and Reporting System ‘Project Akashteer’ for the Army and Sarang Electronic Support Measure (ESM) systems for the Navy. Another ₹2,963 crore contract is with NewSpace India … Read more
PPE Medpro was awarded two contracts to supply protective equipment in May 2020 as part of the so-called “VIP lane”, which allowed MPs, ministers and senior officials to pass on offers of help from suppliers, who could be awarded contracts without competing bids. Source link
Mumbai: Many unsuspecting retail traders could be drifting towards unaffordable losses in stock options. As March equity derivative contracts come up for expiry on Thursday, stockbrokers are fretting over the likelihood of several option bets backfiring. This risk for traders stems from a situation where they are unable to square off their bets before the … Read more
The companies were chosen to supply protective equipment in the early stages of the pandemic. Source link
The Good Law Project, a campaign group involved in the legal action against the government, estimates that since March 2020, the Department of Health and Social Care has taken an average of 98 days to publish details of Covid-related contracts. The government gives a lower number – saying publication was, on average, 17 days over … Read more
She added: “This government’s contracting has been plagued by a lack of transparency, cronyism and waste and they must take urgent steps to address this now – by winding down emergency procurement, urgently releasing details of the VIP fast lane, and publishing all outstanding contracts by the end of the month.” Source link
OTTAWA—Canadian Prime Minister Justin Trudeau laid out his plans to rebuild the country’s economy, in an effort to address damage done by the coronavirus pandemic and turn the page on a scandal over the awarding of a contract. His Liberal government outlined the broad strokes of its near-term agenda in a ceremonial speech to Parliament. … Read more
OTTAWA—The Canadian charity at the center of a summer scandal engulfing Prime Minister Justin Trudeau and members of his Liberal administration is shutting down, attributing the decision partly to the ensuing political fallout. Toronto-based WE Charity said Wednesday it would wind down its Canadian operations, citing the loss of corporate sponsors and an expected drop … Read more