March 05, 2025 04:14 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
9 civilians die as suicide bombers crash 2 explosive-laden cars into Pakistani army compound | Hyderabad techie dies by suicide after 6 months of wedding, family alleges dowry harrasment by husband | India defeat Australia by 4 wickets to book a spot in Champions Trophy finals | Maharashtra minister resigns amid outrage over sarpanch's brutal murder in Beed | Haryana Congress worker murder: Video emerges showing accused dragging suitcase with Himani Narwal's body inside it | Supreme Court slams 'oversmart' Samay Raina for making fun of proceedings in Canada, asks him to 'behave' | Indian woman facing death row in UAE for killing a child has been executed: Foreign ministry tells court | Crucial to have Trump’s support, says Zelenskyy a day after fiery White House exchange | 'We're looking for peace, Zelenskyy wants Russia-Ukraine war to continue': Donald Trump after White House public spat | Volodymyr Zelenskyy refuses to apologise to Donald Trump after public spat over Russia-Ukraine war

President inaugurates Global Conference on 'National Initiative Towards Strengthening Arbitration And Enforcement In India'

| | Oct 22, 2016, at 01:34 am
New Delhi, Oct 21 (IBNS): President Pranab Mukherjee inaugurated a Global Conference on 'National Initiative towards strengthening Arbitration and Enforcement in India' in New Delhi on Friday.

Speaking on the occasion, the President said that while India has the basic legal and physical infrastructure to support international arbitrations, we need basic institutional reforms to strengthen our arbitration framework.

"Three institutions are particularly critical for strengthening arbitration in India arbitral institutions, judiciary and the government," said he.

Mukherjee said that it was unfortunate that unlike advanced jurisdictions, institutional arbitration is still not widespread in India.

"Ad hoc arbitration is the norm. Although domestic arbitral institutions have come up, there is a huge untapped potential for growth of institutional arbitration in India. Both domestic and international arbitral institutions have to play a proactive role in shaping this market," he said.

The President also said that the Conference would provide an excellent platform to debate the pros and cons of critical institutional reforms as well as potential strategies to implement them at ground level taking in account the interests of all stakeholders.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.