In order to lay emphasis on Enforcement of Contracts and Conciliation Mechanism, NITI Aayog has constituted two task forces.The Task Force for Enforcement of Contracts will give its recommendation for a policy framework for Enforcement of Contracts. The Task Force for Enforcement of Contracts has been constituted with the participation from key Ministries and Departments of the Government and certain State Chief Secretaries.
The Vice Chairman, NITI Aayog will be the Chairman of the Task force and CEO, NITI Aayog will be the Member Secretary of the Task Force. The Task Force will submit its report within six months of its constitution.
In order to facilitate speedy resolution of contractual disputes between Government Entities and private investors, it has been decided to constitute a Task Force on Conciliation Mechanism.
The CEO, NITI Aayog will be the Chairman of the Task force. The Task Force will submit its report within three months of its constitution.