India
BETTER ARBITRATION PROCEDURES TO IMPROVE BUSINESS
FOREIGN INVESTORS MAY GET MORE CONFIDENCE
2015-01-03 10:29
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In the absence of certainty over the smooth passage of crucial economic legislations due to the numerically weaker position vis-à-vis the seemingly disparate but united by Opposition parties against their common foe in the Upper House, the NDA-led by the Bharatiya Janata Party is increasingly resorting to Ordinance Raj. Such executive diktat by the ruling dispensation, albeit being abhorrent in a democracy as it woefully lacks the imprimatur of Parliament, is inevitable, given the obduracy of even the original reform patent-holder, the Congress Party that has a dual and divided commitment to economic reforms in and out of power!