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    <title>Government launches a one-time settlement Scheme Vivad se Vishwas – II (Contractual Disputes) to effectively settle pending contractual disputes, as announced in the Union Budget 2023-24</title>
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    <description>Vivad se Vishwas II is a one-time voluntary settlement scheme for domestic contractual disputes involving the Government or its controlled organisations, covering arbitral awards passed on or before 31.01.2023 and court awards passed on or before 30.04.2023. Eligible claims must be submitted through GeM (with IREPS for certain Railways contracts). The scheme offers graded standardized settlement terms with maximum settlement amounts of up to 65% of net arbitral awards and up to 85% of net court awards, pursuant to Department of Expenditure guidelines issued for implementation.</description>
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