Homegrown chartered accountantand consultancy firms are crying foul, alleging that the selection criteria applied by several public-sector undertakings (PSUs) while awarding work are unfavourable and against the spirit of the Prime Minister’s ambitious Atmanirbhar Bharat campaign. Calling it a deliberate attempt to favour the Big Four, they are blaming the state-owned behemoths for keeping Indian firms out of work by drafting conditions that aid
Business News›Prime›Corporate Governance›OIL, Bhel, and now Gail: PSUs’ tender prequalification norms favour Big Four, leave out Indian firms
Under the lens
OIL, Bhel, and now Gail: PSUs’ tender prequalification norms favour Big Four, leave out Indian firms
Synopsis
Indian CA and consultancy firms are blaming PSUs for going against the spirit of Atmanirbhar Bharat while hiring consultants for tax and GST-related work. The restrictive conditions imposed by some state-run entities, they allege, have effectively pre-empted the participation of most domestic firms in tenders. A case in point is natural gas major Gail’s recent tender.
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