Category Archives: News

Infrastructure Growth in India

The core infrastructure grows to 2.9% in March 2013 as compared to 3% growth in March 2012. The marginal decline in growth in March, 2013 was on account of negative growth witnessed in the production of Natural Gas and low growth recorded in the production of Coal and Crude Oil.

Sector wise trend in monthly production

(% growth)

Sector

Weight
in IIP

February’13

      March’13
Crude
Oil

5.22

(-)
4.0

0.2

Natural
Gas

1.71

(-)
20.1

(-)
17.7

Petroleum
Refinery Products

5.94

4.3

5.6

Coal

4.38

(-)
8.0

0.3

Fertilizer

1.25

(-)
4.0

3.6

Electricity

10.32

(-)
3.7

3.0

Cement

2.41

3.1

6.6

Steel

6.68

0.5

6.6

Overall

37.90

(-)
2.4

2.9

Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India

In cumulative terms core infrastructure industries registered a growth of 2.6% during April-March 2012-13 as against 5% during the corresponding period of the previous year.

Sector wise trend in production  (%growth)

Sector

Weight

Apr-Mar
2011-12

Apr-Mar
2012-13

Crude
Oil

5.22

1.0

(-)
0.6

Natural
Gas

1.71

(-)
8.9

(-)
14.5

Petroleum
Refinery Products

5.94

3.1

6.9

Coal

4.38

1.3

3.3

Fertilizer

1.25

0.4

(-)
3.4

Electricity

10.32

8.1

4.0

Cement

2.41

6.7

5.6

Steel

6.68

10.3

2.5

Overall

37.90

5.0

2.6

Source:
PHD Research Bureau, compiled from the office of the economic advisor to the
Govt. of India

Electricity generation grew by 4% during Apr-Mar 2012-13 as against 8.1% growth during Apr-Mar 2011-12, while steel production grew by 2.5% during Apr-Mar 2012-13 as compared to 10.3% during Apr-Mar 2011-12. The production in crude oil grew by (-) 0.6% during Apr-Mar 2012-13 as compared to its growth at 1% during Apr-Mar 2011-12, whereas petroleum refinery production registered a growth of 6.9% during Apr-Mar 2012-13 as compared to 3.1% growth during Apr-Mar 2011-12. Fertilizer production grew by (-) 3.4% during Apr-Mar 2012-13, compared to its growth at 0.4% during Apr-Mar
2011-12 and cement production grew by 5.6% during Apr-Mar 2012-13 compared to its growth at 6.7% during Apr- Mar 2011-12. Trend in growth of steel, cement, electricity and coal and overall (%) 
PHD Research Bureau, compiled from the office of the economic advisor to the
Govt. of India

Infrastructure News India

GVK Power and Infrastructure has got environmental clearance for its $10 billion Alpha coal and rail project in the Australian state of Queensland, attached albeit, with a string of 19 conditions. It can now build and operate the Alpha coal mine as also a railway line between the mine and the port at Abbot Point, near Bowen.
The government allowed Japan to take 26 per cent stake in the DMIC Development Corporation, which is implementing the USD 100 billion Delhi Mumbai Industrial Corridor project. As per the decision, the government’s share will be 49 per cent, Japanese Government-owned financial institution and the Japan Bank for International Cooperation would have 26 per cent stake. The remaining share would be with the Indian government-owned financial institutions.
Due to U.S sanctions on Iran, several foreign banks have threatened to close accounts of state run general insurance corporations who are providing insurance cover to Indian ships carrying oil from Iran.

Judy Reinke, Minister Counselor for Commercial Affairs, US Embassy at New Delhi Kaviraj Singh

Judy Reinke, Minister Counselor for Commercial Affairs, US Embassy at New Delhi Kaviraj SIngh

Judy Reinke, Minister Counselor for Commercial Affairs, US Embassy at New Delhi Kaviraj SIngh

Judy Reinke, Minister Counselor for Commercial Affairs, US Embassy at New Delhi Kaviraj SIngh

National Bar Association of India Arbitration Centre

In the backdrop of piling cases in Indian Courts, an interesting conference was organization by National Bar Association of India (“NBAI”). The conference titled as “Speedy Justice – The Pill is Alternate Disputesoe Rlution” was presided by Justice Rajesh Tandon and held at at India International Centre, Lodhi Road, New Delhi on July 14, 2012.

More than 100 participants attending the conference were eager to know the remedies of delayed justice in Indian Legal System. The conference provided immense networking and business opportunities for representatives from the Supreme Court, law firms, IT Companies, Bangladesh High Commission, law schools, media and many more. The lamp lighting ceremony of the conference was done by Justice S.B. Sinha, Chairman, Telecom Disputes Settlement and Appellate Tribunal (TDSAT) & Former Judge Supreme Court of India, Mr. Kaviraj Singh, President NBAI, Mr. K.C. Kaushik, Hony Secy, Supreme Court Bar Association and Founder Secretary, National Bar Association of India & Mr. Dinesh Jotwani, CEO, National Bar Association of India.  The lamp lighting ceremony was followed by “Saraswati Vandana” sung by Ms. Resham Jain, student of Amity Law College.

In the first session, Justice Rajesh Tandon presented the welcome, inauguration speech and enlightened the participants on “Role of Alternate Dispute Resolution” stating the importance of Alternate Dispute Resolution [“ADR”] in India and its benefits to the Indian legal system and Business Community. Justice Tandon apprised the participants that it is easy to enforce a foreign arbitral award than to enforce a judgment of the Court in international sphere. He emphasized the pitfalls in the Indian legal system pertaining to the legal sanctity of Mediation proceedings and enforcement of Award. Justice Tandon also emphasized on the possible amendments in the Indian Laws in order to enable the effectiveness of the ADR mechanism in India. He further highlighted the efforts of Hon’ble Justice Sinha in opening Mediation Centre at the High Court of Delhi. Justice Tandon also mentioned the efforts of Justice Ambani from High Court of Allahabad who spoke on smooth running of Mediation. Justice S. B. Sinha, the Czar of ADRs, welcomed the participants and started his oration questioning the participants about the meaning of ADR. What is it an alternate for? Is it for Litigation? He answered his questions that ADR is not an alternate but an additional forum for dispute resolution. Hon’ble Justice Sinha gave a valuable insight on the statistics of crushing load of pending cases which the courts have to shoulder and how ADRs are not admired/appreciated by parties in India which has given birth to docket explosion in Indian courts. Justice Sinha shared that only 9% of the disputes go for ADRs while 91% of the matters go to courtrooms. Justice Sinha also mentioned the importance of ADR for rich and poor both. A special emphasis over Section 89 was given by Justice Sinha keeping in mind the importance of ADRs including Arbitration, Conciliation, Mediation, Lok Adalats etc. He highlighted the importance of Mediation in the national and international scenario. He further apprised that the Mediation Centres established in varius courts of Delhi, Banglore  have success rate of 70%. He cited a mining matter of Kolkata High involving an Australian Company wherein the Australian Company accused India for not having proper forum for enforcing award inspite of Bilateral Agreement. He further mentioned the need for a good justice delivery system for “Exporting law and importing knowledge like other successful countries e.g. Singapore”. In this regard, Justice Sinha promoted the training of the mediators under experts having the experience in the field. Justice Sinha referred to Article 39 of Constitution and Notaries Act and apprised that we should understand our constitutional duty as the notary can also act a mediator between parties.  Justice Sinha appreciated NBAI for setting up a right institution for ADRs with legal experts which will provide a more channelized forum with speedy disposal of matters at economical and just costs. Mr. Dinesh Jotwani, CEO of National Bar Association, enlightened the participants about the launch of NBAI Arbitration Centre [“NBAI-AC”], a well structured forum with specialized legal and technical experts and panelists which will aid the Indian Legal Community, multinational Corporate & Business organizations, Non Governmental Organizations, Groups, Associations etc. in resolving the disputes through ADR mechanism. He apprised that the purpose of NBAI-AC would be to provide efficient, speedy justice with economical court costs. He said that big MNCs averagely enter into 1000’s of contract per year in which arbitration clause is very important as it decides the future of dispute arisen between parties. He addressed the Corporate & Government to incorporate a “NBAI Arbitration Clause” in their contracts to attain speedy justice by NBAI Arbitration Centre. In the mid session, Justice Satpal Arora shared on practical difficulties in arbitration matters. He said the exorbitant fees of Arbitrators alongwith other expenses pinches the pockets of the parties. He said, to add on the misery, immense delay in concluding arbitration proceedings is one of the key reasons which ails Indian Arbitration. He supported his statements with the help of several judgments. He said arbitration in India is in haywire state and has not developed like other countries viz. Singapore, London, Paris etc. he strongly criticized the culture of adjournments and delay in disposal of the case resulting into losing out of international matters. He suggested for an addition of a Technical Member to the Bench. He stated that it has been recommended by the Law Commission time and again that if a matter is pending in Court for more than 3 years, it should be assigned for arbitration of 6 months and in case of matter pending for 1 year, 1 year time for arbitration should be allotted to bring in efficiency and faith of people in Indian Arbitration.

Major General Nilendra Kumar congratulated NBAI for setting up an Arbitration Centre and promoting ADR in India. He apprised about the scope of adoption of ADR in Armed Forces. He stressed on creation of awareness about ADR in Armed Forces. ADR in Armed Forces is not resorted to due to ignorance and due to terrible past experiences. He said that the disputes relating to procurement of arms and ammunitions, lands, cases relating to pensions, disability, Service contracts etc. could be well addressed by ADR. He said that generally the transactions relating to import of arms and ammunitions from western countries are vague and unambiguous which can be easily resolved by ADRs. He summed up with saying that to make ADR as an attractive mechanism certain factors needs to be looked into right from ethical consideration to speeding up of the process. Himanshu Goswami, Vice President- Licensing & Open Source, Aricent Technologies highlighted the participants about the use of technology in providing speedy justice through ADR. He mentioned about the difference in adoption of technology in India and abroad. He said the concept of E-Courts ended up becoming just an initiative in India. He elaborated that ADR at WIPO and ICANN is conducted by filing of digitally signed copies of pleadings. No virtual presence is required which helps in speeding up the process by minimizing time consumption on procedural processes. He said digital signatures are still not acceptable in courts and other forums in India. He stated by adopting technology in ADR, India can become attractive destination for bringing and resolving national and international disputes. NBAI provides such online ADR forum to national and international parties. He said the MNCs can voice their opinion by filing a petition through NBAI for making digital signature as admissible in India. He opined that amendment to various acts including Evidence Act, IT Act should be brought in for changing our archived filing system. E-Litigation would reduce the unwanted paper work and is more environment friendly. He appreciated NBAI’s efforts to bring India in power in regard to technology and law. Anand Dayal gave his valuable inputs on bringing international arbitration in India. He stated that 80% of the cases at Singapore International Arbitration Centre involve India. International Arbitration cannot be recommended in India due to delay in enforcement of arbitral award. Mr. Dayal further said that India has signed 80 bilateral treaties but still don’t have effective ADR mechanism. He added that no entry of foreign lawyers in India is another problem in conducting international arbitration in India. He appreciated NBAI – AC for reflecting the positive sides of Institutional Arbitration. He added that training programs for the ADR officers should be mandated to raise the standards of Indian Arbitration. He further suggested for inclusion of technical member in Arbitration bodies. Mr. Dinesh Jotwani, CEO,
National Bar Association of India, closed the conference with hope that NBAI
would emerge as a Centre of effective ADR which will redefine the dynamics of
ADRs in India.

Kaviraj Singh speaking at CMS world Forum with FENCA at Madrid, Spain

MR. KAVIRAJ SINGH, PRESIDENT OF NBAI (FOUNDING PARTNER – TRUSTMAN & CO) WILL PRESIDE CMS WORLD FORUM AS AN EMINENT SPEAKER, AT MADRID ON OCT 16th – 20th 2012. Mr. Kaviraj Singh will share the will share their experiences on best practices, trends and challenges for the collections industry in the BRIC panel and there will be other senior speakers from different countries, such as Russia, China and Brazil The National Congress of Credit & Recovery becomes this year’s World Forum CMS. From 16 to October 20 inclusive will be held in Madrid two major conferences and a wide range of extracurricular activities, under the slogan “Sharing knowledge on credit.” CMS has coordinated its renowned event with FENCA (European Federation of National Associations of Collection) to generate a unique experience for Credit & Recovery experts around the world: Credit & Collection World Week. More than 800 leaders from more than 30 nationalities will share current knowledge about credit & collections: trends, experiences, success stories, solutions, visits to the major collection agencies in Spain, networking and exclusive content for a demanding audience looking to be always to the forefront. Trustman is a leading law firm in India specializing in Debt Collection, Litigation, Cross border transactions and legal outsourcing. # # # If you’d like more information about this topic, or to schedule an interview with Mr. Kaviraj Singh, please call Ms. Priya Arora on +91-9650345760 or e-mail priya_arora@nationalbarindia.com.