Indian Executive’s Pro-Arbitration Power Move Sanctioned by Parliament: Transnational Ideals Versus National Reality September 2, 2016 On October 23, 2015, the President of India Pranab Mukherjee, with input from Prime Minister Narendra Modi, signed into law a new Arbitration Ordinance (“the Ordinance”), which took effect immediately and was passed into law two months later as an Amending Act (“the Act”).