Prez gives assent to 5 key legislations

A law enabling setting up of commercial benches in select high courts and another on arbitration for speedy settlement of high value business disputes are among five legislations which have got nod from President Pranab Mukherjee.

Besides, a law for stringent action against those involved in crimes against persons belonging to Scheduled Castes and Scheduled Tribes has also got the assent from Mukherjee.

Mukherjee gave nod to the Arbitration and Conciliation (Amendment) Act; the Scheduled Castes and the Scheduled Tribes (Prevention of Atrocities) Amendment Act; the Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Act; The Atomic Energy (Amendment) Act; and the Payment of Bonus (Amendment) Act, 2015, on Thursday, official sources said.

The Atomic Energy (Amendment) Act will allow state-run Nuclear Power Corporation of India Ltd (NPCIL) to have collaboration with other public sector undertakings in the nuclear field.

The law amends the 1962 Atomic Energy Act to change the definition of “government company” in the Act with a view to expand its scope.