The Finance Ministry has extended the deadline for fulfillment of contractual obligations of all Government projects, including public-private partnerships (PPP), which were due for completion on or after February 20, by upto six months in view of Covid-19 crisis.
The Expenditure Department, under the ministry, had in February said that COVID-19 outbreak in China would be considered a ‘force majeure’ situation, which refers to extraordinary events and circumstances beyond human control or a natural calamity, giving relief to companies which have contracts with the Central Government.
In a recent office memorandum, the department said subsequent to this, further disruptions have affected transportation, manufacturing and distribution of goods and services in the country.
“Limitations placed on the movement of men and material by the Ministry of Home Affairs.