India halts KD720 bank guarantee

headline3KUWAIT: The India government has decided to suspend the KD720 bank guarantee measure that was implemented for the welfare of the Indian domestic workers coming to Kuwait, an Indian embassy press release here said.

“After discussing this issue with Kuwaiti authorities, it has been agreed to suspend with effect from 12 December 2014 taking any bank guarantees from sponsors in Kuwait, while keeping in abeyance the attestation of employment contracts of Indian female domestic workers,” the press release said.

Indian and Kuwaiti sides are constantly engaged in finding a long-term resolution of this issue. India implemented the KD 720 bank guarantee measure in September 2014.

The post India halts KD720 bank guarantee appeared first on Kuwait Times.

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