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Govt is building a sanctions-proof supply chain for Russian oil, says Petroleum Secy

Govt is building a sanctions-proof supply chain for Russian oil, says Petroleum Secy

by AIP Online Bureau | Feb 12, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance

“Imports need ships which are not sanctioned, insurance which takes time to reconfigure, and imports will need payments to go through. So each one of these has problems that need to be solved. People are working on solving these problems,” Oil Secretary Pankaj Jain...
Indian businesses should not be excessively dependent on one supply chain: Jaishankar on trade with China

Indian businesses should not be excessively dependent on one supply chain: Jaishankar on trade with China

by AIP Online Bureau | Dec 5, 2024 | Eco/Invest/Demography, Indian News, Risk Management

The external affairs minister said alternative routes for supplies are increasing the transportation cost of the shipments. “It is of very direct economic consequence. So we have actually been interacting with all the major players including Iran and Israel,” External...
Centre wants electronic component makers to ensure nation’s security interests: IT Secy

Centre wants electronic component makers to ensure nation’s security interests: IT Secy

by AIP Online Bureau | Apr 27, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology

S Krishnan,Secretary,Ministry of Electronics and Information Technology “With this space (cyber security) getting critical, national risks are also huge. It is not at the individual level but even at the national level, the cyber security risks are huge. What we...

Taiwan quake to hit some chip output, disrupt Asia supply chain, analysts say

by AIP Online Bureau | Apr 3, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The island plays an outsized role in the global chip supply chain as it is home to the world’s largest chipmaker Taiwan Semiconductor Manufacturing Co , which supplies chips to Apple and Nvidia.The country also houses smaller chipmakers, including UMC , Vanguard...
Supply chain strains set to weigh on aviation industry bounce-back

Supply chain strains set to weigh on aviation industry bounce-back

by AIP Online Bureau | Feb 28, 2024 | Eco/Invest/Demography, International News, Risk Management

“The previous supply concept was probably ‘just in time’; I order when I need it. This is over. We have to carry more resiliency than ever in terms of our operations, including a higher level of standby aircraft and crew.That’s one of the costs...
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