DATE: 15/11/2018 and DATE: 16/11/2018
THURSDAY AND FRIDAY
CURRENT AFFAIRS
Prepared by: MAHARANA SIBA SANKAR
SOURCES: THE HINDU, INDIAN EXPRESS
- Rafale Deal
- The Centre admitted in the Supreme Court on Wednesday that there was no sovereign guarantee from the French government on the deal for 36 Rafale jets in case the manufacturer, Dassault Aviation, defaults.
- What is Sovereign Guarantee?
The sovereign guarantee is a promise by a government to discharge the liability of a third person in case of his default.
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