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Classification of spread of corono virus under natural calamity provided a big relief to developers

Corona virus outbreak in China reported several death in China. Under precautionary measures adjacent countries including China has stalled export of solar panels and allied components from china. These actions may dampen the pace of current solar installation in India in amidst of constrained supplies of solar equipment from China. Clarification issued by Ministry of Finance for classifying this event under natural calamity has provided bid relief to developers. As per notification issued, disruption of supply chains due to spread of corona virus in China will be covered under Force Majeure Clause  and further clarified that it should be considered as case of natural calamity and Force Majeure condition may be invoked.