The Rajya Sabha on Thursday passed the New Delhi International Arbitration Centre Bill and the Arbitration and Conciliation (Amendment) Bill. Trinamool MPs walked out, with Sukhendu Sekhar Ray of the party terming the Bills “draconian”. He said the Bills were passed in haste on World Bank diktats. Union Law Minister Ravi Shankar Prasad said the government was keen that India became a hub of domestic and international arbitration.
