Question
Under the Arbitration and Conciliation Act, 1996, what
is the primary purpose of arbitration?ÂSolution
Explanation: 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.
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India’s rank has been improved in Global Innovation Index 2020 to 48th rank from _____ in 2019.
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