CIL Inks Areement With Transparency Intl

Bhubaneswar: In a bid to weed out possible corruption in future contracts for equipment procurement, Coal India Limited (CIL) has decided to foray into it labelled an Integrity Pact (IP) on July 9 with the non-governmental organisation (NGO) Transparency International. A special meeting would be held on that day between the IP signatories to prepare the road map for future procurement of equipment by CIL from different parties. Former Navy personnel will also be present as also the past chairman and managing director of Oil and Natural Gas Commission (ONGC) Subir Raha.

Raha was the first in the country to implement IP during his tenure as chairman of ONGC. IP was a tool developed during the 1990s by Transparency to help governments, businesses and civil society fight corruption in the field of public contracting. IP would set up mutual contractual rights and obligations to decrease the high cost of distortionary effects of corruption in public contracting. IP was being inked to prevent any possible corruption in future contracts.