Question
Under the Arbitration and Conciliation Act, 1996,
what is the primary purpose of arbitration?Solution
Arbitration is a method of alternative dispute resolution (ADR) that provides a private and efficient way to resolve civil disputes. It allows parties to submit their disputes to one or more arbitrators who make a binding decision, known as an arbitral award. This process is an alternative to traditional litigation in court and is often chosen for its speed, flexibility, and confidentiality.
What was the specific reason RBI imposed a penalty of ₹31.80 lakh on Bank of Maharashtra?
What is the name of RBI’s campaign promoting safe banking practices?
Which co-oeprative bank has been recently included in the second schedule of RBI Act?
Recently Goods and Services Tax network has been included to the account aggregator (AA) network as a financial information provider (FIP) to facilitate...
Which of the following is/are correct? Please select the appropriate option.
i. When RBI expects that prices of commodities are increasing, ...
Which technology is NOT mentioned as a focus in the Maharashtra Logistics Policy 2024?
Which of the following is a credit rating agency in India?
International Birds Festival is to be held in Dudhwa National Park. It is in the state of:
In which of the following year RBI introduced Account Aggregator Framework
________ happen when RBI desires that liquidity should be squeezed from the economy but Banks are not eager to deposit money with RBI at rate fixed by RBI.
