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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…
Coinbase’s AI-focused payment protocol x402 is moving toward becoming an open, standardized infrastructure under the Linux Foundation, the non-profit hub for open-source software development. The move aims to create a community-governed ecosystem for high-frequency, micro transactions that legacy finance can’t efficiently handle. The protocol has formed an initial governing body, the x402 Foundation, that includes…
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Delhi CM Rekha Gupta attends ‘Nari Utsav’ at Nirmal Chhaya NEW DELHI: Delhi chief minister Rekha Gupta on Tuesday attended the ‘Nari Utsav’ programme held at the Nirmal Chhaya Complex, where she paid tribute to the strength and contribution of women in nation-building. She said women, through their dedication, selfless service and sense of duty,…
After a dramatic capture of Venezuelan President Nicolas Maduro by American forces, US President Donald Trump said that he wants to tap its oil infrastructure. The bigger question, however, is whether such a move would yield any quick results.According to analysts, even if US oil giants invest billions of dollars in Venezuela’s massive oil reserves,…
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