CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which organization has launched the first of its kind online dispute resolution handbook in India?
A
SIDBI
B
NITI Aayog
C
NASSCOM
D
RBI
Explanation: 

Detailed explanation-1: -Detailed Solution. The correct answer is NITI Aayog.

Detailed explanation-2: -The handbook was launched by Supreme Court Judge Justice DY Chandrachud who stated the unique handbook on ODR had the potential to become a watershed document for the dispute resolution ecosystem in India.

Detailed explanation-3: -The ODR Handbook is an invitation for businesses to resolve their disputes in a way befitting the digital age. ODR can help resolve disputes quickly, build trust with customers and partners, and reduce the number of cases that go to the courts.

Detailed explanation-4: -Online Dispute Resolution is the resolution of disputes, particularly small and medium-value cases, using digital technology and techniques of Alternate Dispute Resolution (ADR), such as negotiation, mediation, and arbitration.

Detailed explanation-5: -NITI Aayog today released the report ‘Designing the Future of Dispute Resolution: The ODR Policy Plan for India’, to scale dispute avoidance, containment and resolution online.

There is 1 question to complete.