Enforcing Contracts Portal

  • July 1, 2021
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
No Comments

 

 

Enforcing Contracts Portal

Subject : Governance

Context : Recently, the Ministry of Law and Justice has launched the “Enforcing Contracts Portal”.

Concept :

  • The Doing Business Report of World Bank Group benchmarks business regulations across 191 economies of the world.
  • The Ease of Doing Business (EoDB) index is a ranking system which is an indication of an economy’s position relative to that of other economies across 11 areas of business regulation.
  • The “Enforcing Contracts” indicator measures time and cost to resolve a standardized commercial dispute as well as a series of good practices in the judiciary.

About Enforcing Contracts Portal

  • It aims to promote ease of doing business and improve ‘Contract Enforcement Regime’ in India.
  • It is envisioned to be a comprehensive source of information pertaining to the legislative and policy reforms being undertaken on the “Enforcing Contracts” parameters.
  • Its objective is to provide easy access to latest information on commercial cases in Dedicated Commercial Courts of Delhi, Mumbai, Bengaluru and Kolkata.
  • It aims to provide access to repository of commercial laws for ready reference.
Enforcing Contracts Portal Governance