war risk insurance

The Indian government has launched a $1.5 billion Bharat Maritime Insurance Pool, backed by a $1.4 billion sovereign guarantee, to offer risk cover for Indian vessels on international routes, including war zones. This initiative aims to reduce shipping insurance premiums and guarantee coverage even when global insurers withdraw due to rising risks.

To increase resilience, massively scale up renewables, electrify transport, and make India attractive for world's best companies

India is preparing to send ships through the Strait of Hormuz to secure vital crude oil and energy cargoes amid ongoing disruptions. The government is finalizing plans for Indian vessels to navigate the waterway, which handles a significant portion of global oil flows, as shipping activity has slowed due to the Iran conflict.

India remains the largest buyer of Russian seaborne crude, with imports touching near-record levels in April and May following previous sanctions-related relaxations.

President Trump's "Project Freedom" to escort ships through the Strait of Hormuz lasted only 48 hours, leaving thousands of vessels stranded. Despite US military guidance for two ships, the operation was paused due to ongoing dangers, with shipping executives unwilling to risk passage without a proven peace accord.

Indian aviation faces unprecedented turbulence due to a perfect storm of factors. From pandemic fallout and engine failures to airspace closures and a Middle East war driving fuel prices sky-high, airlines are struggling. Passengers face rising fares and cancelled routes as the sector grapples with deep financial distress and operational chaos.

Commercial shipping through the Strait of Hormuz faces immense risks despite remaining technically open, with Indian vessels experiencing significant disruptions and safety concerns. Seafarers exhibit hesitation due to past incidents, impacting normal traffic flow and leading to increased operational costs for shipowners.

India is the only major oil importing country to have not raised prices through the West Asia crisis. With polls now over, the government may have no choice but to pass the cost of rising crude to to the consumer

India's beloved chai faces unprecedented challenges. Climate stress, rising costs, and global conflicts are impacting tea production and exports, making your daily cup more expensive. Despite these pressures, the nation's deep emotional connection to tea, a symbol of hospitality and connection, ensures its enduring cultural significance.

With overseas Puja committees rethinking priorities amid global uncertainty, the idols makers are growing jittery about delays

Washington isn’t interested in being a guarantor of anything, including energy supplies. New Delhi’s strategic response must centre around the one energy source it has in abundance

Today's numerology forecast for April 28th provides insights for individuals based on their birth numbers. Each number offers specific advice on managing energy, focusing on tasks, and interacting with others. The readings highlight opportunities for creativity, productivity, and emotional awareness. Readers are encouraged to embrace their unique strengths and navigate the day with intention and balance.

An Indian oil tanker, Desh Garima, successfully navigated the Strait of Hormuz amidst heightened regional tensions and conflicting reports from Iran regarding its status. This passage highlights ongoing maritime activity despite concerns over the vital oil route. The Indian government has also bolstered support for the shipping sector with a significant insurance pool to counter rising costs and stricter approvals.

US President Trump's second term prioritizes oil, leveraging energy dominance for global influence. Campaign funding from oil interests aligns with policies boosting domestic production and easing regulations. Sanctions on rivals and geopolitical events like the Hormuz crisis engineer demand for American exports, impacting nations like India and reshaping global energy markets.

Iran’s USD1 war toll on each barrel of oil passing through the Strait of Hormuz could add nearly INR10,000 crore to India’s annual import bill. While the toll is a direct breach of ‘transit passage’ rights, India can use four key diplomatic and legal levers to secure its interests.