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G Srinivasan panel to study suitability of Surety Bond issuance by Indian insurers
Currently, Surety Bond for contractors is not being offered by insurance companies in the Indian market to guarantee satisfactory completion of a project by a contractor and providing performance security to various government agencies,
Due tothe COVID 19 pandemic and consequent economic impact on liquidity and cash flow issues in the Indian Banking sector, the Ministry of Road Transport and Highways (MORTH), Government of India, has requested to examine possible offering of Surety Bondby the general insurance companies.
Second fatal NLC India boiler blast in 2 months kills at least six
The incident occurred at unit V of power plant II, a company official said, adding that the unit was under shutdown when the mishap happened. The accident in May occurred in unit VI.
“It was supposed to start operating only on Thursday. Actual cause of the accident is yet to be ascertained and is being investigated,” the official said.
Govt working on one-stop platform for all official data,says Statistics Minister
Security beefed up near Taj Mahal Palace, Hotel Colaba After bomb threat from Pakistan
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