Online Dispute Resolution involving mediation and arbitration with the help of technology, was emerging as a branch of dispute resolution, Chief Justice of Kerala, H L Dattu said.
In India, this method is in its infancy stage and is gaining prominence day by day, he said after inaugurating the National Conference on 'court annexed mediation and role of institutional arbitration' here.
With the enactment of Information Technology Act, 2000, e-commerce and e-governance have been given a formal and legal recognition. Even the traditional arbitration law of India has been reformulated and 'Arbitration and Conciliation Act, 1996' was enacted, he said.
In mediation, the practitioner has no advisory role, instead, a mediator renders help to parties to develop a shared understanding of the conflict and to work towards building a practical and lasting solution, he said.
He also emphasised the need for creating awareness on mediation among the general public.
"Unless the general public was aware of the goodness in the process of mediation, all our efforts would turn out to be a futile exercise", he added. The litigant public, who look to the court for redressal of their grievance, should have an idea about this process, he said.
Courtesy : WWW.FINANCIALEXPRESS.COM
Online Dispute Resolution emerging in India: CJ
February 26, 2008, 9:56 amIT revolution to counter unemployment: Sonia
February 26, 2008, 9:55 am
The Congress is determined to push the IT revolution in the Northeast to ward off the problem of unemployment in the region, Congress President Sonia Gandhi said.
"The UPA government has made huge allocation for roads, sanitation, health and other sectors. Work never ends, and there is much more to be done," Gandhi told an election meeting in Meghalaya's Jaintia Hills district.
The UPA government, she said, was committed to creating value addition of produce of farmers of the Northeast.
She also said intense efforts were on to develop the border hats along the Indo-Bangla border to improve links with Bangladesh.
Asserting that only Congress could provide a stable, progressive and value-based government, Gandhi urged the electorate to give a clear mandate to the party.
"Congress is your partner for progress and prosperity. We seek your mandate to provide a stable government and transparent administration," Gandhi said.
She said only the Congress party had clear vision and no other party had such strong bonds with the people.
Highlighting the contributions of late Indira Gandhi and Rajiv Gandhi as manifestation of the genuine affection of the party to the feelings and aspirations of the people of Meghalaya, she said the Congress was sensitive and responsive to the problems of the common people.
Courtesy : WWW.FINANCIALEXPRESS.COM
"The UPA government has made huge allocation for roads, sanitation, health and other sectors. Work never ends, and there is much more to be done," Gandhi told an election meeting in Meghalaya's Jaintia Hills district.
The UPA government, she said, was committed to creating value addition of produce of farmers of the Northeast.
She also said intense efforts were on to develop the border hats along the Indo-Bangla border to improve links with Bangladesh.
Asserting that only Congress could provide a stable, progressive and value-based government, Gandhi urged the electorate to give a clear mandate to the party.
"Congress is your partner for progress and prosperity. We seek your mandate to provide a stable government and transparent administration," Gandhi said.
She said only the Congress party had clear vision and no other party had such strong bonds with the people.
Highlighting the contributions of late Indira Gandhi and Rajiv Gandhi as manifestation of the genuine affection of the party to the feelings and aspirations of the people of Meghalaya, she said the Congress was sensitive and responsive to the problems of the common people.
Courtesy : WWW.FINANCIALEXPRESS.COM
Firm funded by Google to invest in India SMEs
February 21, 2008, 9:28 am
Google.org, the philanthropic arm of Google Inc, has teamed up with the Soros Economic Development Fund and Omidyar Network to fund a USD 17 million company that will invest in small- and medium-size business in India.
The Small to Medium Enterprise Investment Co would fill the gap between loans offered by microfinance institutions and those of large commercial banks and private equity funds.
Google.org’s Sonal Shah said Indian businesses of small and medium size do not have the same financing opportunities as provided in rich countries.
“Our goal is to increase the flow of capital to SMEs in India. This is an important step in helping to attract commercial capital and reduce dependency on philanthropy or soft capital to fund this industry.”
There is a huge demand for loans targeted at small and medium businesses, said Neal DeLaurentis, Vice President of Soros Economic Development Fund.
“Long ignored by commercial capital Markets, small and medium businesses are an attractive investment opportunity as well as an engine for economic growth for India.”
Courtesy : WWW.FINANCIALEXPRESS.COM
The Small to Medium Enterprise Investment Co would fill the gap between loans offered by microfinance institutions and those of large commercial banks and private equity funds.
Google.org’s Sonal Shah said Indian businesses of small and medium size do not have the same financing opportunities as provided in rich countries.
“Our goal is to increase the flow of capital to SMEs in India. This is an important step in helping to attract commercial capital and reduce dependency on philanthropy or soft capital to fund this industry.”
There is a huge demand for loans targeted at small and medium businesses, said Neal DeLaurentis, Vice President of Soros Economic Development Fund.
“Long ignored by commercial capital Markets, small and medium businesses are an attractive investment opportunity as well as an engine for economic growth for India.”
Courtesy : WWW.FINANCIALEXPRESS.COM
