Arbitration and Conciliation Act 1996 Current Affairs, GK & News
The Parliament has passed the Arbitration and Conciliation (Amendment) Bill, 2021 after the Rajya Sabha cleared it on March 10, 2021. This bill was already passed in the Lok Sabha in February, 2021. Key Points The Arbitration and Conciliation (Amendment) Bill seeks to amend the Arbitration and Conciliation Act, 1996. The legislation comprises of the ..
Category: Legal & Constitution Current Affairs
On February 12, 2020, Government of India issued draft rules to set up International Arbitration Centre. In order achieve institutionalized arbitration, GoI has enacted the New Delhi International Arbitration act, 2019. Highlights The draft rules for the arbitration centre prescribe allowances, pay of the full-time members and the chairperson. The rules have also set minimum ..
Category: Economy & Banking Current Affairs
Government gives nod for Ordinances to amend Citizenship Act, 1955 & Arbitration and Conciliation Act, 1996
Union government has given its nod for ordinance route to amend the Citizenship Act, 1955 and the Arbitration and Conciliation Act, 1996. This move of government comes few days before Pravasi Bharatiya Divas (PBD) 2015 which marks the centenary year of Mahatma Gandhi’s return to India from South Africa on January 9, 1915. Key facts ..