NEWS
- 25 March | The Honest UPSC Talk Nobody Tells You Click Here to see Abhijit Asokan AIR 234 talk →
- 10 March | SFG Folks! This dude got Rank 7 in CSE 2025 with SFG! →
- 10 March | SFG Folks! She failed prelims 3 times. Then cleared the exam in one go! Watch Now! →
Union govt. to set up Arbitration Council
Context:
The Union Cabinet has approved the Arbitration and Conciliation (Amendment) Bill, 2018.
Function of Arbitration Council:
Arbitration Council will grade institutions that offer alternative dispute resolution mechanism for commercial disputes.
Significance of the Arbitration Council:
As India attracted foreign investments, it is essential to provide for a reliable platform that included arbitration and resolution of commercial disputes in a time-bound manner.
