Prime Minister Narendra Modi with Chief Justice of India Justice T.S. Photo: PTINew Delhi: One of the government’s top priorities is to develop an institutional arbitration ecosystem in order to enhance the ease of doing business in India, Prime Minister Narendra Modi said on Sunday. “Creation of a vibrant ecosystem for institutional arbitration is one of the foremost priorities of our government,” Modi said, adding that the 2015 amendments to the arbitration law ensured India’s laws were at par with global best practices. Law minister Ravi Shankar Prasad also called for “resolve in India”—a push to bring arbitrations into the country rather than go abroad. Rohatgi spoke of a mindset change needed when judges hear arbitration cases—to not treat them as regular civil suits or appeals.

Source: Mint October 23, 2016 16:07 UTC