Latest News on Letter Of Comfort
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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).
Mar 14, 2018
Bulk gold, diamond importers to take biggest hit as RBI bans LoUs and LoCs for trade credit after PNB scamRBI said letters of comfort and bank guarantees for trade credits for imports into India may continue to be issued subject to compliance with the certain guidelines.