India

⚡West Asia Crisis: Govt Allows Force Majeure, Extends Deadlines Without Penalty

By IANS

In a bid to provide relief to contractors amid the fast-evolving West Asia situation, the government has allowed them to invoke ‘Force Majeure’ in view of disruptions, recognising “war” as a valid trigger under procurement rules. In an office memorandum, the Ministry of Finance said the prevailing conditions in West Asia should be treated as a war-like event for contractual purposes.

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