Govt,GIC Re and New India stitch up a $100 million `Bharat Marine Pool’ with a sovereign guarantee, to provide covers to ships sailing in war zones

Govt,GIC Re and New India stitch up a $100 million `Bharat Marine Pool’ with a sovereign guarantee, to provide covers to ships sailing in war zones

The Bharat Marine Pool will be managed by GIC Re which along with New India Assurance will be contributing the maximum capacity to the pool.  Other insurers ,who are interested, can participate in the new Marine Pool.The General Insurance Council will soon write to...
RBI holds rates,lowers GDP growth for FY 27 to 6.9%; hikes Inflation outlook to 4.6% due to West Asia crisis, spike in crude prices

RBI holds rates,lowers GDP growth for FY 27 to 6.9%; hikes Inflation outlook to 4.6% due to West Asia crisis, spike in crude prices

“Higher input costs associated with an increase in energy prices and international freight and insurance costs, along with supply-chain disruptions that would constrain availability of key inputs for downstream sectors, would impair growth,” RBI Governor Sanjay...