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Arun Jaitley Releases CII Reports on Transparency in Real Estate Sector and Ethics in Healthcare : CII Centre for Arbitration and Mediation Launched
Apr 28, 2017

Mr Arun Jaitley, Minister of Finance, Corporate Affairs and Defence, released the CII Reports on Transparency in Real Estate Sector and Ethics in Healthcare Sector. He also launched the CII Centre for Arbitration and Mediation during the Annual Session of the Confederation of Indian Industry (CII) with the theme ‘Future of Globalisation: Can India Lead.’

CII Centre for Arbitration and Mediation will deal with national and international arbitration matters. It would incorporate best practices in alternate dispute resolution for speedy disposal of cases. The Center under the leadership of leading lawyers, Shardul Shroff and Pallavi Shroff, would provide fair, impartial and quality arbitration services for resolving commercial disputes.

Recognising the primacy of place accorded to bringing transparency in business and customer operations for promoting faster growth with inclusiveness in the economy, Dr Naushad Forbes, President, CII unravelled the three key initiatives taken by CII during the year. This includes CII’s work on Ethics in Healthcare Sector, CII Report on Transparency in Real Estate Sector and Launch of the CII Centre for Arbitration and Mediation.

The CII President stated that CII constituted a Committee on Integrity and Transparency in Governance, chaired by Mr Sumit Mazumder, Immediate Past President over the year. The Committee set up two working groups on ‘Ethics in Health Care’ and ‘Transparency in Real Estate’. The Healthcare Sector working group was chaired by Mr Farhad Forbes, Co-Chairman, Forbes Marshall. Mr Brotin Banerjee, MD and CEO of Tata Housing, chaired the working group on real estate.

One of the great concerns for the common citizens of the country related to the availability of affordable Healthcare, which was sought to be addressed in ‘The Report on Ethics in Health Care Sector’. The Working Group on Healthcare came up with recommendations covering disclosure, pricing norms for drugs and consumables, protocol and guidelines, norms for remuneration of Doctors, accreditation, communication with patients, regular audits, etc.

The Report on Transparency in Real Estate Sector made key recommendations related to developers as well as customers. These covered areas such as fair trade practices, fair norms related to project delivery, adhering to timelines, and maintaining delivery schedules, among others.  

New Delhi

28 April 2017

 

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