CURRENT AFFAIRS

Detailed explanation-1: -IAMC-Hyderabad is India’s first arbitration centre for alternative dispute resolution. Although arbitration centres have already been set up in India, most prominently in Delhi and Mumbai, domestic and international parties still appear to prefer the foreign arbitration Centres.

Detailed explanation-2: -The International Arbitration and Mediation Centre is India’s first arbitration centre for alternate dispute resolution. IAMC Hyderabad was inaugurated by CJI Ramana and Chief Minister K Chandrashekhar Rao in December last year. Since then it was being operated from a temporary campus at Nanakramguda.

Detailed explanation-3: -Chandrasekhar Rao. India’s first International Arbitration and Mediation Centre (IAMC) was jointly inaugurated by Chief Justice of India, N.V. Ramana, and Telangana Chief Minister, K. Chandrasekhar Rao, here on Saturday.

Detailed explanation-4: -International Arbitration and Mediation Centre (IAMC) as proposed by the International Arbitration and Mediation Centre Trust is an autonomous body which was inaugurated in Hyderabad by Chief Justice of India NV Ramana and Telangana Chief Minister K. Chandrasekhar Rao.