With reference to SAROD Ports launched recently consider the following statements It is a dispute re...........

Economic and Social Issues industrial and labour policy

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With reference to SAROD-Ports, launched recently, consider the following statements

It is a dispute redressal mechanism to facilitate affordable and timely resolution of disputes for the maritime sector.
It has been established under the Societies Registration Act, 1860.
It consists of members from the Indian Ports Association (IPA) and Indian Private Ports and Terminals Association (IPTTA).

Select the correct statement.

2 only

1&3 only

2&3 only

All of the above

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Explanation:

Recently, Union Minister for Shipping launched ‘SAROD-Ports’ (Society for Affordable Redressal of Disputes - Ports) through virtual ceremony today in New Delhi.

SAROD-Ports is established under Societies Registration Act, 1860 with the following objectives:

Affordable and timely resolution of disputes in fair manner
Enrichment of Dispute Resolution Mechanism with the panel of technical experts as arbitrators.
SAROD-Ports consists members from Indian Ports Association (IPA) and Indian Private Ports and Terminals Association (IPTTA).
SAROD-Ports will advise and assist in settlement of disputes through arbitrations in the maritime sector, including ports and shipping sector in Major Port Trusts, Non-major Ports, including private ports, jetties, terminals and harbours.
‘SAROD-Ports’ is similar to provision available in Highway Sector in the form of SAROD-Roads constituted by NHAI.

In January,2018, the Union Cabinet approved amendments in the Model Concession Agreement (MCA) which envisaged constitution of SAROD-PORTS as dispute resolution mechanism for PPP Projects in the Major Ports.

Hence all statements are correct.