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Shri Meghwal underlines the growing importance of Alternate Dispute Resolution and Mediation in solving disputes

in National June 27, 2024 Comments Off on Shri Meghwal underlines the growing importance of Alternate Dispute Resolution and Mediation in solving disputes 388 Views

Newdelhi:27/6/24:Ministry of Micro, Small & Medium Enterprises organised a day-long program here today on the theme of ‘Legal Reforms in the MSME Ecosystem’ of Udyami Bharat – MSME Day event. Speaking on the occasion Union Minister of State (Independent Charge) for Law & Justice, Shri Arjun Ram Meghwal structured his deliberation on three vital points. He said, firstly, it is important to understand that India has entered the era of Industry 4.0, tracing the history of evolution from Industry 1.0 to its present stage, he reiterated that the present era’s latest technologies such as Artificial Intelligence, machine learning, 3D printing, Robotics and its effect on the legal parlance has to be understood while working on legal reforms in the Micro, Small & Medium Enterprises sector. Secondly, he underlined the growing importance of Alternate Dispute Resolution (ADR) and mediation in solving disputes. He asserted that having an amicable solution is the best solution for any legal issues and the Public Sector Enterprises could also benefit from such ADR mechanism of dispute resolution between parties. Thirdly, reinforcing Prime Minister Shri Narendra Modi’s vision, he said that 21st century is going to be India’s one and, in this context, India has the requisite potential to be the hub of Arbitration.

Delving into the theme of the conference Dr Rajiv Mani, Secretary, Department of Legal Affairs, Ministry of Law and Justice said that Institutional arbitration comes with the advantage of better streamlined faster disposal of issues and effective ways to resolve legal issues. He asserted that the MSME sector is the backbone of the economy and that the lengthy dispute resolution in the traditional legal system could be avoided if the parties wish to resolve their issues via Alternate Dispute resolution and mediation.

Union Minister for Micro, Small and Medium Enterprises, Shri Jitan Ram Manjhi presided over ‘Udyami Bharat – MSME Day event. The Minister of State for MSME, Sushri Shobha Karandlaje along with other dignitaries highlighted the growing role of micro, small, and medium enterprises in the growth of the economy.

The senior officials of Ministry of Micro, Small and Medium Enterprises, and Ministry of Law and Justice were also present on the occasion.

 

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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