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    <title>THE NEW DELHI INTERNATIONAL ARBITRATION CENTRE BILL, 2019 – AN OVERVIEW</title>
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    <description>The Bill establishes an independent corporate New Delhi International Arbitration Centre to develop institutionalised domestic and international arbitration, transfers ICDAR undertakings to the Centre and vests those undertakings in the Central Government. It empowers the Centre to maintain panels of accredited arbitrators, establish a Chamber of Arbitration and an Arbitration Academy, provide administrative and training functions, and receive governmental funding subject to C&amp;AG audit and Central Government rule making authority.</description>
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      <description>The Bill establishes an independent corporate New Delhi International Arbitration Centre to develop institutionalised domestic and international arbitration, transfers ICDAR undertakings to the Centre and vests those undertakings in the Central Government. It empowers the Centre to maintain panels of accredited arbitrators, establish a Chamber of Arbitration and an Arbitration Academy, provide administrative and training functions, and receive governmental funding subject to C&amp;AG audit and Central Government rule making authority.</description>
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