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FINANCE MINISTRY ARBITRATION
The missing link in India’s infrastructure story: Faster dispute resolutionAs India accelerates infrastructure creation, unresolved construction disputes continue to delay projects, lock up capital and raise costs.- India-Israel investment pact comes into effectIndia and Israel's new investment pact is now active, aiming to boost trade beyond $1 billion by offering quicker dispute resolution and en...
- BIT sweeter? India weighs easing treaty rules with safeguards to attract foreign capitalAs the world shifts economically, India is set to revamp its investment treaty frameworks. The government is exploring options to simplify ...
- Banks want arbitration restored for infra disputes above ₹10 croreBanks want arbitration back for big infrastructure disputes. They fear new rules will slow down payments and hurt sector funding. The gover...
- Highway builders oppose move to end arbitration in ₹10 crore-plus disputes, seek clarity from FM SitharamanThe National Highway Builders Federation (NHBF) has opposed the road transport ministry’s decision to end arbitration for disputes involvin...
- National Highway builders ask Finmin to clarify arbitration orderThe National Highway Builders Federation has urged the finance ministry to clarify its order ending arbitration for highway projects. The f...
- Finance Ministry in talks to work out formal mechanism for global arbitrationThe finance ministry is collaborating with other ministries to improve handling of international arbitrations under bilateral investment tr...
- Avoid arbitration, use mediation to settle contract disputes: FinMinThe finance ministry advises government entities to opt for mediation over arbitration in contract disputes. Guidelines stress resolving di...
- FinMin issues draft scheme for settling disputes related to govt contractsFor ongoing litigation where physical activity in the disputed contract is ongoing, the settlement amount would be 20 per cent of the net c...
- Finance ministry denies asking banks to withdraw funds from foreign accounts fearing Cairn actionThe ministry said that the government was strongly defending its case against the arbitral award in the The Hague Court of Appeal on severa...
- India to study Cairn Energy arbitration award, to consider all optionsThe government's statement followed that from Cairn Energy Plc which said that it had won the arbitration against the Indian government ove...
- Finance Ministry to hire legal firms to represent India in arbitrationsThe selected domestic law firms would also have to work in cooperation with the office of Attorney-General of India or the Solicitor-Genera...
- Finance ministry asks PSBs to avoid cases against each otherFinance ministry has urged state-run banks to resolve issues amicably and take recourse at the ministry if solutions elude them.
- Air India-Boeing deal tilted against government's interests: Law MinistryThe law ministry has objected to clauses that deny India the power to invoke arbitration proceedings — a speedy and rather economical mecha...
- IMG to decide government action on Cairn Energy arbitration next weekFM Arun Jaitley today discussed with his ministry officials the arbitration notices served by foreign firms ahead of the IMG meeting next w...
- Government, Vodafone in talks to appoint third arbitratorVodafone had sent a notice to the Indian government for arbitration under the India-Netherlands bilateral investment promotion and protecti...
- Vodafone tax dispute: Former Chief Justice of India RC Lahoti named arbitratorBoth sides will now appoint a third arbitrator. Besides, the Indian side will also have to nominate its counsel, who will present the gover...
- Conciliation offer to Vodafone stands withdrawn: FMP ChidambaramVodafone said in its notice that it wanted to move ahead with the arbitration without waiting for the ITAT decision on the Rs 3,700 crore t...
- Vodafone to opt for international arbitration against Indian tax authoritiesVodafone is likely to rely on international arbitration rather than approach Indian courts regarding its dispute with the Indian tax author...
- RIL moves SC on KG-D6 arbitration with oil ministryRIL has complained to the court that the oil ministry was not approving its budgets and putting undue pressure to drill more wells.
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