Centre to move ‘New Delhi International Arbitration Centre (Amendment) Bill in LS
New Delhi, August 08: The “The New Delhi International Arbitration Centre (Amendment) Bill, 2022” will be introduced by the central government in the Lok Sabha on Monday. The New Delhi International Arbitration Centre Act, 2019 Amendment Bill will be introduced for consideration by Law Minister Kiren Rijuju.
The New Delhi International Arbitration Centre is established under the Act and is recognized as a nationally significant institution. The International Centre for Alternative Dispute Resolution is replaced by the Arbitration Centre. According to the Act, the Arbitration Centre will work to make it easier to undertake local and international arbitration and conciliation.
The Bill allows for the conduct of further alternative dispute resolution methods. However, the Central government will lay out the procedures for arbitration and other types of alternative dispute resolution through rules.
The Act gives the Union government two years from the Act’s start date to make arrangements for resolving any implementation-related issues. This time frame is increased by the Bill to five years.
The Energy Conservation Act of 2001 Amendments Bill will also be discussed in the House and taken into consideration.
Next Story :
-
Hyderabad Police Warning To Bouncers
![Hyderabad Police Warning To Bouncers]()
Hyderabad, Dec 23 (Maxim News): The Hyderabad Police wanted agencies providing bouncer services of strict action if they are found violating the law.
-
Kishan Reddy Sensational Comments On Allu Arjun’s Episode Saying Its Police Failure
![Kishan Reddy Sensational Comments On Allu Arjun’s Episode Saying Its Police Failure]()
Hyderabad, Dec 23 (Maxim News): It is known that a woman named Revathi died in the stampede at Sandhya Theatre. However, in this incident, icon star Allu Arjun was arrested by Chikkadapalli police. He was released from Cherlapalli Central Jail after the Telangana High Court granted interim bail. Later, Chief Minister Reanth Reddy spoke on this issue in…
-
Congress Govt. Shelved Christmas, Ramzan Gift Schemes: Harish Rao
![Congress Govt. Shelved Christmas, Ramzan Gift Schemes: Harish Rao]()
Hyderabad, Dec 23 (Maxim News): Former Minister and BRS MLA T. Harish Rao said that the Congress government had stopped presenting Christmas and Ramzan gifts to minorities besides denying bathukamma sarees to women of Telangana during the festivals.
-
10 Held At Secunderabad Railway Station For Selling Baby
![10 Held At Secunderabad Railway Station For Selling Baby]()
Hyderabad, Dec 23 (Maxim News): The Gopalapuram police caught a gang of 10 individuals on charges of selling a newborn baby at Secunderabad Railway station.
-
Premier Energies To Set Up 1 GW Solar Manufacturing Facility At EMC Maheshwaram
![Premier Energies To Set Up 1 GW Solar Manufacturing Facility At EMC Maheshwaram]()
Hyderabad, Dec 23 (Maxim News): In a major boost to the local supply chain for solar-related components, Premier Energies Global Environment Limited (PEGL), a subsidiary of Premier Energies, has announced plans to establish a 1 GW solar module manufacturing facility at the Electronics Manufacturing Clusters (EMC) Maheshwaram industrial zone in the city outskirts.
Now you can get latest stories from Indtoday on Telegram everyday. Click the link to subscribe. Click to follow Indtoday Facebook page and Twitter and on Instagram. For all the latest Hyderabad News updates
