NITI Aayog plans to digitise dispute resolution framework

by Nidhi Bhati

The NITI Aayog is planning to develop an Online Dispute Resolution (ODR) framework for expeditious resolution of disputes, as per a report in Economic Times. According to NITI Aayog Chief Executive Officer (CEO) Amitabh Kant, with digitisation of resolution platform, most small and medium value disputes would be resolved without approaching courts, allowing courts to focus more on complex cases or that of high public interest. Kant further added ODR has the potential to reduce high volume of disputes outside the courts and to facilitate access to justice. Experts also believe that an ODR will make dispute resolution cheaper, quicker and credible as conventional methods of dispute resolution.

References
1. https://economictimes.indiatimes.com/news/economy/policy/niti-aayog-decides-to-work-with-key-stakeholders-on-online-dispute-resolution-framework/articleshow/76676139.cms
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
7.1 -1.9
Consumer Sentiments Index
Base September-December 2015
53.7 -0.3
Consumer Expectations Index
Base September-December 2015
55.4 -0.5
Current Economic Conditions Index
Base September-December 2015
51.1 0.0
Quarterly CapEx Aggregates
(Rs.trillion) Mar 20 Jun 20 Sep 20 Dec 20
New projects 3.80 0.83 1.05 0.86
Completed projects 1.77 0.25 0.72 0.58
Stalled projects 0.73 0.11 0.08 0.30
Revived projects 0.42 0.68 0.36 0.09
Implementation stalled projects 10.18 0.09 0.07 0.12
Updated on: 23 Jan 2021 8:28PM
Quarterly Financials of Listed Companies
(% change) Mar 20 Jun 20 Sep 20 Dec 20
All listed Companies
 Income -5.0 -27.6 -6.2 1.4
 Expenses -1.9 -27.9 -10.1 -8.5
 Net profit -48.9 -40.3 45.3 185.3
 PAT margin (%) 2.3 5.3 8.3 16.7
 Count of Cos. 4,358 4,351 4,316 257
Non-financial Companies
 Income -9.0 -37.4 -10.4 -0.7
 Expenses -4.9 -37.6 -14.0 -4.0
 Net profit -50.1 -55.8 29.9 39.2
 PAT margin (%) 3.2 4.5 8.0 17.2
 Net fixed assets 13.3 5.9
 Current assets 3.6 0.8
 Current liabilities 6.2 -2.8
 Borrowings 15.8 8.1
 Reserves & surplus 1.3 4.5
 Count of Cos. 3,244 3,241 3,222 185
Numbers are net of P&E
Updated on: 23 Jan 2021 8:28PM
Annual Financials of All Companies
(% change) FY18 FY19 FY20
All Companies
 Income 8.4 13.5 0.3
 Expenses 9.9 13.8 0.5
 Net profit -41.4 18.5 -11.8
 PAT margin (%) 1.9 2.2 3.8
 Assets 10.9 9.5 9.3
 Net worth 7.4 8.5 4.7
 RONW (%) 3.4 4.0 5.5
 Count of Cos. 29,431 28,732 9,883
Non-financial Companies
 Income 8.6 14.1 -2.6
 Expenses 8.8 14.3 -1.8
 Net profit -10.1 22.6 -24.0
 PAT margin (%) 2.7 3.0 3.9
 Net fixed assets 7.2 5.5 12.4
 Net worth 6.0 8.2 1.7
 RONW (%) 5.6 6.6 6.8
 Debt / Equity (times) 1.0 1.0 0.8
 Interest cover (times) 2.1 2.3 2.6
 Net working capital cycle (days) 77 70 59
 Count of Cos. 23,809 23,199 7,312
Numbers are net of P&E
Updated on: 20 Jan 2021 2:19PM