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As coronavirus fails to ease, companies seek defence of 'force majeure' Force majeure refers to unexpected external circumstances that prevent a party to a contract from meeting their obligations Current Affairs :With the coronavirus episode that began in Hubei region, China, giving no indications of lessening at any point in the near future, a few organizations that purchase and sell products in the Chinese market are checking out the legitimate safeguard of “power majeure.” The loss of life in China from the pandemic keeps on climbing and now remains over 1,000, more than the SARS scourge two decades prior, with in excess of 42,000 affirmed cases in China and 319 cases in 24 different nations. WHAT IS FORCE MAJEURE? Power majeure alludes to sudden outside conditions that keep involved with an agreement from meeting their commitments. The fundamental occasion must be unforeseeable and not the consequence of activities embraced by the gathering summoning power ma...

India to invest $60 bn in developing gas supply, distribution: Oil minister The government is giving special impetus to develop gas infrastructure across the length and breadth of the country connecting north to south and east to west parts of India, he said. Current Affairs :India is putting over $60 billion in creating characteristic stock and appropriation framework as it pursues the objective of dramatically increasing the portion of gaseous petrol in its vitality base to 15 percent by 2030, Oil Minister Dharmendra Pradhan said on Sunday. Gaseous petrol presently comprises 6.2 percent of all vitality utilization in the nation. Expressing that the administration has laid accentuation on building up a gas-based economy, he said petroleum gas is step by step turning into a crossing over fuel for low carbon economy in India. The administration is giving unique stimulus to create gas framework over the length and broadness of the nation interfacing north to south and east...