New Delhi International Arbitration Centre Current Affairs, GK & News

Bill to rename “Delhi International Arbitration Centre”

August 10, 2022

On August 8, 2022, Lok Sabha have nod to “New Delhi International Arbitration Centre (Amendment) Bill, 2022”. The bill seeks to rechristen New Delhi International Arbitration Centre as “India International Arbitration Centre”. New Delhi International Arbitration Centre (Amendment) Bill, 2022: This bill was introduced in Lok Sabha on August 5, 2022.  It seeks to amend ..

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Draft Rules for International Arbitration Centre issued by GoI

February 13, 2020

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 ..

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Lok Sabha passes New Delhi International Arbitration Centre Bill

January 5, 2019

The Lok Sabha has passed the New Delhi International Arbitration Centre Bill to set up a revamped International Arbitration Centre at New Delhi with an aim to make India the hub of arbitration. New Delhi International Arbitration Centre Bill The features of the New Delhi International Arbitration Centre Bill are: The bill seeks to establish an independent ..

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