commercial disputes Current Affairs, GK & News

Cabinet approves strengthening commercial disputes resolution mechanism of CPSEs

Union Cabinet has approved strengthening commercial disputes resolution mechanism of Central Public Sector Enterprises (CPSEs) inter se and also between CPSEs and other Government Departments and Organizations. The Cabinet decision is based on recommendations of Committee of Secretaries (CoS). Key Facts The new strengthened mechanism puts in place institutionalized mechanism within Government for speedy resolution ..

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Cabinet approves ordinance to amend law for speedy disposal of commercial disputes

The Union Cabinet chaired by Prime Minister Narendra Modi has approved promulgation of Ordinance amend a law for speedy disposal of commercial disputes. This decision aims to improve India’s ranking in World Bank’s ease of doing business index. The index takes into consideration dispute resolution environment in country, which facilitates investors in deciding for setting ..

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