Prime Minister Narendra Modi is set to visit Maharashtra on Friday, August 30, to lay the foundation stone for the Vadhvan Port project in Palghar, along with several other developmental initiatives. Additionally, he will address the Global Fintech Fest (GFF) at the Jio World Convention Centre in Mumbai.
According to a statement from the Prime Minister’s Office (PMO), PM Modi will begin his day in Mumbai before heading to Palghar in the afternoon. The GFF 2024, which he will address, is expected to feature around 800 speakers, including policymakers, regulators, senior bankers, industry leaders, and academicians from India and across the globe.
The conference will include over 350 sessions showcasing the latest innovations in the fintech industry. Furthermore, over 20 thought leadership reports and white papers will be unveiled, providing insights and detailed industry information.
In other news, a Constitution bench of the Supreme Court on Thursday highlighted the critical importance of fairness in arbitration, especially in cases involving the government and public sector undertakings (PSUs).
The court stressed that the government’s role should go beyond merely securing favorable outcomes, focusing instead on maintaining the integrity of the arbitration process.
The five-judge bench, led by Chief Justice of India Dhananjaya Y Chandrachud and including justices Hrishikesh Roy, PS Narasimha, JB Pardiwala, and Manoj Misra, warned against any attempts by PSUs to manipulate the arbitration process.
The bench is currently deliberating on whether one party to an arbitration can unilaterally appoint a panel of arbitrators while asking the other party to select from that panel, a practice that could undermine the fairness of the process.
