Latest News on Bank Guarantee
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Bank Guarantee - Total results - 10
Mar 06, 2019
Modi govt's Rafale deal €246.11 mn costlier than UPA's due to lack of bank guarantees from France, reports The HinduThe Hindu report said that the lack of bank guarantees from France made the cost of the Rafale deal negotiated by the NDA government more expensive by €246.11 million (around Rs 1,962 crore).
Feb 14, 2019
CAG report doesn't acquit NDA's Rafale deal, but Rahul Gandhi's political immaturity has given BJP the advantageRahul Gandhi destroyed his chance by calling the CAG "Chowkidar Auditor General", its Rafale report "worthless" even before the report was tabled in Parliament.
Feb 13, 2019
No financial guarantees, weak legal recourse: CAG's Rafale report shows little options if contract breachedThe CAG report tabled in Parliament confirms that the Cabinet Committee on Security headed by Narendra Modi approved the Rafale deal even though France and Dassault Aviation had both refused to furnish bank guarantees or sovereign guarantees.
Jan 08, 2019
Spectrum sale deal: SC asks RCom, Reliance Jio to take a decision by 11 January over settlement of past dues to DoTThe apex court was hearing a contempt petition filed by RCoM alleging that the Department of Telecom (DoT) has failed to furnish a no-objection certificate (NoC) clearing its spectrum sale deal with RJio even after the court had directed it to do so
Dec 04, 2018
Navy takes punitive action against Anil Ambani’s Reliance Naval Engineering, encashes bank guarantee in vessel dealArray
Oct 29, 2018
Telecom department to challenge TDSAT order allowing RCom to sell spectrum without bank guaranteeThe Telecom Disputes Settlement and Appellate Tribunal (TDSAT) in its order dated 11 October, 2018, rejected plea of the Department of Telecom (DoT) seeking bank guarantee of around Rs 2,900 crore before it permits sale of RCom spectrum to Reliance Jio.
Apr 27, 2018
ITAT rules in favour of Flipkart; I-T Department to refund Rs 55 cr tax collected with interestThe tax department while raising the demand had treated the Rs 796 crore loss incurred by Flipkart for the assessment year 2015-16 as capital expenditure.
Sep 08, 2017
India's move to scrap bank guarantee for women Domestic workers in Kuwait will harm their rightsThe removal of the bank guarantee recruitment norm has put at risk a large number of Indians working as house maids in Kuwait
Oct 10, 2015
BCCI will laugh all the way to bank with PepsiCo's bank guaranteeBCCI may well succeed in turning the tables on PepsiCo to sustain its claim of enforcing the bank guarantee for the remaining two years.
Feb 01, 2013
CoalMin asks Nalco to furnish Rs 18 cr bank guaranteeCoal Ministry has directed Nalco to furnish a bank guarantee of about Rs 18 crore for not developing its coal mine in Orissa and a failure to deposit the sum within 3 months may result in the block being taken back.