Transparency in Public Procurement

In the recent past all the big scams such as 2G spectrum, coal mine scam etc., are majorly concerned with the procurement process involved in allocation of such projects. Public procurement is the process of procurement of goods, services etc., for the public with the public money. Government companies are responsible to maintain transparency as they use the public money. Ethical practices followed in allocation of projects, contracts, material procurement dictate the fate of the company. Private companies are no exception for this as sustaining on the ethics only ensures sustainable competitive advantage. Following well-defined , clear-cut processes and guidelines with strict adherence to the systems, to be ensured by regular audits with true spirit, will definitely enhance the transparency in the public procurement. Information Technology is an effective tool to bring out transparency as well as efficiency and effectiveness in the procurement process and the audits by reducing the process delays. e-tendering, e-procurement, e-auction, e-audit and monitoring are the need of the hour now. The Public Procurement Act 2012 states to float tenders above 50 lakhs online in the company website. However, bringing the awareness in the vendors about e-tendering and encouragement for such process, IT security  are some of the challenges. 

Whose Wealth is Our Health?

HEALTH IS WEALTH. If we maintain good health, our health becomes our wealth; otherwise it will be  the doctors' wealth.Ultimately health is wealth but 'for whom' is the question to be asked and is dependent on us. It is 'we', responsible for maintaining good health for good wealth. We should have good health to enjoy the wealth also.As said in Bhagavadgita, life is a play & we all are actors. Our souls take the costumes (bodies) and after the play, we should return those costumes without damaging them. Even though the costumes do not stay with us after the play is over, the roles played by us stay forever. It is similar to taking a book from the library & returning it within the prescribed time without damaging it. Even though the book does not stay with us, the essence of the knowledge stays forever. Thus, it is our prime responsibility to continually improve the health & wealth in life and inspire others. As the Health consists of both physical & mental health, we should inculcate a culture of healthy habits such as exercises, walking, swimming, yoga, meditation, stress relieving techniques, work-life balance to change the lifestyle to combat the life style diseases or disorders. Health & Wealth  are the two eyes of human-beings to see the world of growth and prosperity and  are the way of life.  Thus, OUR HEALTH IS OUR WEALTH if and only if it is properly maintained. Now think whether your health is your wealth or not?