Indias first Surety Bond Insurance product to be launched on December 19: Nitin Gadkari

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The Ministry of Road Transport and Highways (MoRTH) will launch India’s first-ever surety Insurance product on December 19 to boost liquidity in the Infrastructure sector.

While surety bonds refer to the performance

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or delivery obligation to complete the insured project, the corporate bonds refer to financial obligation to repay the debts or loans.