Union Finance Minister @nsitharaman announced in Union Budget 2022-23 speech that in order to reduce indirect cost for suppliers and work-contractors, the use of surety bonds as a substitute for bank guarantee will be made acceptable in government procurements: @FinMinIndia (1/2) pic.twitter.com/hz1iFHCBXi— Prasar Bharati News Services पी.बी.एन.एस. (@PBNS_India) February 2, 2022
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