India Business News: CAG Urges Finance Ministry to Halt Retendering Practices

November 19, 2025 - 01:21

New Delhi: The Comptroller and Auditor General (CAG) has raised significant concerns regarding the prevalent practice of cancellation and retendering within the finance ministry. In a formal communication, the CAG highlighted that this approach not only leads to inefficiencies but also adversely impacts the timely execution of projects.

The CAG's letter emphasizes that the frequent retendering process can result in increased costs and delays, ultimately undermining the effectiveness of public spending. By continually cancelling tenders, the government risks losing valuable time and resources that could be better utilized in advancing developmental projects.

The CAG's recommendations come at a crucial time when the country is striving to enhance transparency and efficiency in public procurement. By addressing these inefficiencies, the finance ministry can ensure that taxpayer money is utilized effectively, leading to improved service delivery and infrastructure development. The CAG's call to action serves as a reminder of the need for reform in procurement practices to foster a more efficient government.