Vigilance finds that auctions were conducted without advertisements and in a less transparent manner, with most cases attracting only a single bidder; it observes that changes in base rates and EMD conditions deterred prospective bidders and created a sense of differential treatment among existing vendors
Vigilance wing pulls up Kochi Metro Rail Limited over lapses in auctioning commercial spaces
EXECUTIVE SUMMARY
Vigilance finds that auctions were conducted without advertisements and in a less transparent manner, with most cases attracting only a single bidder; it observes that changes in base rates and EMD conditions deterred prospective bidders and created a sense of differential treatment among existing vendors
Key Takeaways
- Vigilance wing pulls up Kochi Metro Rail Limited over lapses in auctioning commercial spaces.
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Published originally on The Hindu - Default Feeder
