Question
Download Solution PDFWhen was the 'Vivad se Vishwas II (Contractual Disputes)' scheme announced by the Union Finance Minister?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Union Budget 2023-24.
Key Points
- The 'Vivad se Vishwas II (Contractual Disputes)' scheme was announced by the Union Finance Minister during the Union Budget 2023-24.
- This scheme aims to settle contractual disputes involving the government and government undertakings.
- The scheme is intended to reduce litigation and create a favorable business environment.
- It is part of the government's broader efforts to improve the ease of doing business in India.
- The scheme provides a mechanism for voluntary settlement of disputes with the government.
- It is an extension of the original 'Vivad se Vishwas' scheme, which was focused on tax disputes.
Additional Information
- Union Budget 2020-21
- The Union Budget 2020-21 included the announcement of the original 'Vivad se Vishwas' scheme, aimed at resolving tax disputes.
- It also focused on infrastructure development and agriculture.
- Union Budget 2021-22
- This budget emphasized healthcare and infrastructure, with significant allocations to COVID-19 vaccination and public health.
- It introduced the Production Linked Incentive (PLI) scheme for various sectors.
- Union Budget 2022-23
- The Union Budget 2022-23 focused on digital economy, fintech, and technology-enabled development.
- It announced the launch of Digital Rupee and e-passports.
Last updated on May 28, 2025
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