Union Law Minister Veerappa Moily said the judiciary needed to be held accountable for its actions.
"We have the best and independent judiciary but independence without accountability is of no use," Mr Moily said, addressing the National conference on Legal & Administrative reforms and double digit growth organised by ASSOCHAM here.
Mr Moily said legislation was already being developed to attract foreign investors and some provisions of the Arbitration Act 1988 which has some lacune was being amended so that disputes were resolved effectively.
"Legal or administrative reforms, we will put these in place within one year and India will become the destination to settle ADR (alternate dispute redressal) cases of the world," he said.
"We have the capacity, able judges, able lawyers and we will do it. Like we did it in Banglore. Today Karnataka has captured the entireIT-hub. Likewise, we will capture the entire legal market," Mr Moily said.
He pointed out that ruthless methods in administration were sometimes very harmful. "We have to build a citizen centric administration and its hallmark should be ethics, accountability, transparency, rule of the law, and efficiency," he said.
"We have to target these qualities in administration and see to it that the victims of useless litigation are compensated. We have to reassure the foreign investors that India is a mixed economy and a welfare state where there is protection against unnecessary Government interference. corruption has to be curbed," he added.
Mr Moily said, "when we introduced section 138 of the negotiable instruments act in 1988 for the cases of bounced cheques , little did we know that the cases will jump up to 38 lakh . Now we have developed special courts for such cases and these 38 lakh cases will be resolved soon." He emphasised the need to encourage young entrepreneurs to change the mindset. "We should always think out of the box and come up with solutions. Have a global mind and think of the global Challenges .We need to prepare the Youth and develop a super high way for Industrial growth," he added.
