With reference to Draft Mediation Bill 2021 consider the following statements 1 The bill provides fo...........

Current GK ( Master) Health and Diseases

With reference to Draft Mediation Bill,2021, consider the following statements:

1. The bill provides for the establishment of the Mediation Council of India.

2. India is a signatory to the Singapore Convention on Mediation.

Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

Both statements are correct.

Objectives of the bill

To promote, encourage, and facilitate mediation, especially institutional mediation, to resolve disputes, commercial and otherwise.
To bring standalone law on Mediation on domestic and international mediation issues, as India is a signatory to the Singapore Convention on Mediation.
To include the international practice of using the terms ‘conciliation’ and ‘mediation’ interchangeably.