Current Affairs for IAS Exam Preparation - 03/05/2014 ► KG - TopicsExpress

Current Affairs for IAS Exam Preparation - 03/05/2014 ► KG Basin Dispute: Supreme Court Appoints New Arbitrator The Supreme Court cleared the decks for adjudication of dispute between Reliance Industries Limited (RIL) and Government of India over recovery of cost for developing the countrys key natural gas field in KG Basin. The apex court has appointed former judge of the High Court of Australia,Michael Hudson McHugh as the third arbitrator to head the board of arbitrators to solve the KG Basin dispute. The court thus allowed RILs plea for appointing an international arbitrator so as to remove any bias. RIL had moved the SC seeking appointment of an arbitrator from a foreign country with which parties in disputes are not connected with. .........drishtiias/upsc-current-affairs-article-KG-Basin-Dispute-Supreme-Court-Appoints-New-Arbitrator

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