Current Affairs – February, 2020

Draft Rules for International Arbitration Centre issued by GoI

On February 12, 2020, Government of India issued draft rules to set up International Arbitration Centre. In order achieve institutionalized arbitration, GoI has enacted the New Delhi International Arbitration act, 2019.

Highlights

The draft rules for the arbitration centre prescribe allowances, pay of the full-time members and the chairperson. The rules have also set minimum educational qualification and method of selection of employees and officers of the centre.

Background

The Arbitration and Conciliation act, 1996 was amended to make the arbitration process simpler. The New Delhi International Arbitration Centre Act, 2019 was enacted to make Delhi an international arbitration centre.

What is International Arbitration Centre?

The International Arbitration Centre is a dispute settling body that settles arbitration between individuals and companies.

The world famous arbitration centres include

  • International Centre for Settlement of Investment Disputes funded by World Bank
  • International Court of Arbitration, Paris

United Nations Commission on International Trade Law provides set of rules for international commercial arbitration along with other investment related rules.

February 13: World Radio Day

Every Year February 13 is being celebrated as World Radio Day. The day is being celebrated by UNESCO of United Nations. The organization calls all radio stations to uphold matters of diversity. This year the day is celebrated under the theme

Theme: Radio and Diversity

This year theme brings in the diversity in linguistic tolerance, diversity and plurilingualism. Also, it intends to spread the message that radio is a crucial medium of communication to celebrate intercultural competence, humanity and democratic citizenship.

Objective

The main objective to celebrate World Radio Day is to increase awareness about radio among media and public. It also aims to encourage key decision makers to provide access to information through radio.

History

The World Radio Day was first celebrated in 2013. The resolution to celebrate World Radio Day was taken in 2012 United Nations General Assembly.

Significance

Radio is still widely used medium of communication a global level. Also, radio stations help to serve diverse communities, offer wide view-points and reflect diversity of audience.radio