In a move that reflects well-reasoned foresight, on 10 February, the Reserve Bank of India (RBI) released a draft framework for the establishment of new retail payment systems operators.
Read MoreA recent judgment of the Delhi High Court in SSIPL Lifestyle Pvt. Ltd. v. Vama Apparels (India) Private Ltd. & Anr., wherein limitation on the filing of applications under Section 8 of the Arbitration and Conciliation Act, 1996 has been discussed.
Read MoreThe current judicial climate in India fosters a "minimal interference" model for courts, when it comes to matters of arbitration. Be it domestic or international arbitrations, the Supreme Court is making every effort to ensure that courts do not interfere with the arbitral process, without good reason.
Read MoreThe current judicial climate in India fosters a "minimal interference" model for courts, when it comes to matters of arbitration. Be it domestic or international arbitrations, the Supreme Court is making every effort to ensure that courts do not interfere with the arbitral process, without good reason. India is therefore bringing its arbitration regime in line with international practice, which over the years has radically shifted in favour of respecting and preserving the autonomy of the arbitral process.
Read MoreIndia has the fifth largest railway network in the world which is managed and operated by the Ministry of Railways, Government of India (MOR). The MOR manages and operates the trains on the Indian Railway (IR) network. Till now, the Indian Railway Catering and Tourism Corporation Limited (IRCTC), a Government of India owned listed entity, was the only private entity (although owned by the Government) permitted to operate passenger trains on select routes. Despite the size of the IR network, there is a huge unmet demand due to capacity constraints which often leads to loss of passenger business to other modes of transport.
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