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Operation Sindoor: Trump announces a full and immediate ceasefire between India and Pakistan

Operation Sindoor: Trump announces a full and immediate ceasefire between India and Pakistan

by AIP Online Bureau | May 10, 2025 | Breaking News!, Eco/Invest/Demography, Indian News, Risk Management

Trump said: “After a long night of talks mediated by the United States I am pleased to announce that India and Pakistan have agreed to a full and immediate ceasefire. Both India and Pakistan government officials said both countries have agreed to a ceasefire...
Future terror acts to be considered an “act of war” against India

Future terror acts to be considered an “act of war” against India

by AIP Online Bureau | May 10, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management

With this decision, the government headed by Prime Minister Narendra Modi seeks to draw red lines against terror incidents and makes clear its intention to firmly respond to the perpetrators and conspirators, in what is seen as a message to Pakistan — a country...

32 airports shut till May 15 as tensions escalate between India-Pakistan

by AIP Online Bureau | May 10, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management

All civil flight activities at these airports will remain suspended during this period. The Airports Authority of India (AAI) has also extended the temporary closure of 25 segments of Air Traffic Service (ATS) routes within the Delhi and Mumbai Flight Information...
Re/insurers invoke force majeure, not to pay travel claims triggered by airport shutdown and flight cancellation

Re/insurers invoke force majeure, not to pay travel claims triggered by airport shutdown and flight cancellation

by AIP Online Bureau | May 8, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

“Most of our travel policies have an exclusion that doesn’t cover situations arising due to acts of any public authority like governments forcing airports to shut down,’’ said a senior official of New India Assurance Mumbai: With major escalation of Indo-Pak...
Hostilities between India-Pakistan heighten credit risks for both nations: S &P

Hostilities between India-Pakistan heighten credit risks for both nations: S &P

by AIP Online Bureau | May 8, 2025 | Eco/Invest/Demography, Indian News, Risk Management

“The outbreak of hostilities between India and Pakistan has increased regional credit risks, especially for the two sovereigns involved. Our base case is for the intense military actions to be temporary, which will give way to a longer period of contained and...
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