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.08 million (Rs 30 crore) bank guarantee given to EESL following the cancellation of its smart meter contract, the government is looking whether a blanket ban could be considered, especially in sensitive product categories that could compromise the country's security.India is firming up a series of economic responses against China, following border tensions that remain unresolved. Already, investment from the country, which shares a land border with India, has been put under the approval route and other tariff and non-tariff barriers are being looked for various product categories.In the power sector, earlier REC Power Distribution Company, Noida (RECPDCL) removed sub-contractor, Dongfang Electric (India) Pvt. Ltd., which was a subsidiary of a Chinese company, from its smart meeting project. The subsidiary of the power financing firm REC noted that the decision was taken in view of a recent government order regarding concern for the security of the power supply system in case of a cyber attack.( With inputs from IANS )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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