New Delhi, Oct. 23: Prime Minister Narendra Modi today said his government was determined to make India an "international arbitration hub" for the resolution of domestic and global commercial disputes. Modi told the conference, titled "national initiative towards strengthening arbitration" and organised by the Niti Aayog and the judiciary, that an efficient arbitration system would "provide ease and comfort to investors and business". Quoting Mahatma Gandhi, Modi said a lawyer's true function was to unite the disputing parties, which was the idea behind arbitration. Recently, major amendments have been made to the Arbitration and Conciliation Act, making the arbitration process easy, timely and hassle free," he said. Justice Thakur said that arbitration offered great promise not only to the litigants but also to the overworked courts and their judges.

Source: The Telegraph October 23, 2016 21:45 UTC