Enforcing Contracts Portal
- July 1, 2021
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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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.