Arbitration and Conciliation Act, 1996
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Current affairsTribunals Reforms Bill, 2026: National Tribunal Commission, 16 Tribunals Covered, and India's Judicial Independence ArchitectureParliament passed the Tribunals Reforms Bill, 2026 (Lok Sabha: August 10; Rajya Sabha: August 11), creating an independent National Tribunal Commission (NTC) to govern appointments and administration across 16 tribunals in India. The Bill repeals the Tribunals Reforms Act, 2021, whose key provisions were struck down by the Supreme Court in November 2025 for violating judicial independence and the separation of powers doctrine. Current affairsMSME Development (Amendment) Bill, 2026: Free Registration, TReDS Mandate for CPSEs, and Faster Dispute ResolutionParliament passed the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, during the Monsoon Session — Rajya Sabha on August 3 and Lok Sabha on August 7, 2026. The Bill mandates free, voluntary MSME registration on a national digital platform, requires Central Public Sector Enterprises to clear MSME invoices via TReDS, establishes strict timelines for mediation and arbitration of delayed-payment disputes, and decriminalises several violations.