Ccd Waives Bank Guarantee For Ibp Disinvestment

The Cabinet Committee on Disinvestment (CCD) which met today, has decided to waive the Rs 500 crore bank guarantee in case of IBP disinvestment. Rather than a bank guarantee, the government will introduce a penalty clause under which failure to make the mandatory Rs 2,000 crore investment in the hydrocarbon sector would be classified as a