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

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

The Bharat Marine Pool will be managed by GIC, which is contributing Rs 500 crore of capacity and rest are contributed by Indian general insurers led by New India Assurance. All the general insurers are providing capacity to the extent of 8 per cent of their marine...
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...