The clause allows relief in extraordinary circumstances beyond human control, such as war, and frees parties from contractual liability NEW DELHI: The West Asia conflict should be treated as a “war” to invoke the ‘force majeure’ clause in public contracts where obligations have been impacted by disruptions, the finance ministry has said.It has allowed govt…
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US President Donald Trump said the United States will raise tariffs on cars and trucks imported from the European Union to 25 per cent next week, claiming the bloc was not complying with a previously agreed trade deal.“I am pleased to announce that, based on the fact the European Union is not complying with our…
