Which of the following departments under the Ministry of Finance has launched the scheme "Vivad se Vishwas II" - (Contractual Disputes) to effectively settle the pending contractual disputes of government and government undertakings?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Department of Expenditure.
- The scheme "Vivad se Vishwas II" (Contractual Disputes) to effectively settle pending contractual disputes of government and government undertakings was launched by the Department of Expenditure under the Ministry of Finance.
- This initiative is part of efforts to resolve long-standing disputes efficiently and provide a mechanism for timely resolution. Government departments, public sector undertakings (PSUs), and contractors involved in contractual disputes with the government are eligible to benefit from the scheme.
- The scheme facilitates the settlement of dues by allowing the disputing parties to settle matters without prolonged court cases.