Hyderabad: Describing former Prime Minister P V Narasimha Rao as the father of economic reforms in the country, Chief Justice of India N V Ramana on Friday said that the country's reforms started during the Congress veteran's rule. "You know the father of the economic reforms in the country is none other than P V Narasimha Rao, Telangana Bidda (son of Telangana). Under his leadership, in India for the first time economic reforms started," the CJI said.
Speaking at the Registration of Trust Deeds of the International Arbitration and mediation Centre here, Justice Ramana said that dispute resolution through negotiations and mediation is part of Indian culture. He said the city is well placed to have an international arbitration centre and the cost of dispute resolution through the centre would be much cheaper when compared to other countries.
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"This (arbitration and mediation) is not a new thing that we innovated. You know that in Indian culture we sort out all our disputes through mediation and negotiation and conciliation. Every day we negotiate with our children, brothers and friends," he said.