Release of "नए भारत की ओर" by Shri Ravi Shankar Prasad (Union Minister of Law & Justice and Electronics and Information Technology, Govt. of India) on Monday, 25th March 2019, 6.00 PM, Speaker Hall, Constitution Club of India, Rafi Marg, New Delhi.

Salient Points of Valedictory speech by PM Narendra Modi at National Initiative towards Strengthening Arbitration and Enforcement in India on 23rd Oct, 2016

• India is today the fastest growing major economy, and one of the most attractive destinations for FDI

• India is experiencing a digital revolution. This is bridging the digital and economic divide in Indian society

• We are enacting a Goods and Services Tax law, to create an integrated national market

• From cause-lists to case-laws, the lawyer’s library is now just a click away on your mobile phone

• Innovative business models and app-based start-ups have instilled a spirit of enterprise among Indians

• Over a 1000 archaic laws have been scrapped. We have enacted a comprehensive Insolvency and Bankruptcy Code, 2016

• We have implemented the National Company Law Tribunals & established a statutory Monetary Policy Committee

• We have enacted Commercial Courts, Commercial Division & Commercial Appellate Division of High Courts Act 2015 for speedy resolution

• A National Judicial Data Grid has been set up to provide data on cases pending in district courts across the country

• We need to facilitate a vibrant ecosystem for alternate dispute resolution, including arbitration, mediation and conciliation

• Major amendments have been made to Arbitration and Conciliation Act. This has made arbitration process easy, timely & hassle-free

• India has no dearth of brilliant lawyers and judges. We have a large no of retired judges, engineers & scientists who can serve as arbitrators

• An alternate dispute resolution ecosystem is a national priority for India. We need to promote India globally as an arbitration hub

• Am sure deliberations shall help in strengthening Arbitration & set a milestone in positioning India as a global hub for arbitration

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