Govt streamlines rules for settlement of disputes among CPSEs

In 2018, the DPE had issued an office memorandum, wounding up the Permanent Machinery of Arbitration (PMA) for settling such disputes

The department of public enterprises (DPE) has streamlined the existing guidelines for settlement of commercial disputes among central public sector enterprises (CPSEs). It has institutionalised a better monitoring mechanism for faster resolution of disputes.

According to the latest notification, the decision taken by the committee of secretaries (CoS) / appellate authority will be implemented by the concerned CPSEs within one month from the date of the decision. And, the action would be updated on the web portal of the DPE. 

In 2018, the DPE had issued an office memorandum, wounding up the Permanent Machinery of Arbitration (PMA) for settling such