Rules set for speedy redressal of construction sector disputes | business-news | Hindustan Times
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Rules set for speedy redressal of construction sector disputes

business Updated: Aug 31, 2016 14:39 IST

Reuters
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The government has eased rules for quicker settlement of disputes in the construction sector. (Burhaan Kinu/ HT photo)

The government has eased rules for quicker settlement of disputes in the construction sector, Finance Minister Arun Jaitley said on Wednesday, to pump liquidity and activate some of the stranded real estate and infrastructure projects.

Jaitley said the government and the central bank would also consider to de-stress stalled construction projects to help improve liquidity in the short run.

India’s construction sector accounts for 8 percent of the country’s gross domestic product.

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