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India rolls out ₹497 crore RELIEF scheme to support exporters amid West Asia conflictIn a bold move to sustain international trade, India has unveiled a robust export support initiative with a budget of ₹497 crore. This prog...- India steps in with Rs 497 crore insurance, freight support for West Asia-bound exportsIndia is stepping up support for its exporters. A new Rs 497 crore scheme, RELIEF, will provide insurance and financial aid. This aims to c...
- India plans ₹1,000 crore war-risk insurance fund as Hormuz crisis disrupts tradeIndia is exploring a dedicated fund to back insurers offering war-risk cover for ships. This move aims to ensure trade continuity through c...
- Middle East tensions: Indian insurers review marine cargo exposure, ICICI Lombard hikes war-risk premiumIndian insurers are reviewing marine cargo exposures in the Persian Gulf, Strait of Hormuz, and Red Sea due to escalating geopolitical tens...
- On a War-footing: Reinsurers move to rework marine, aviation policies as West Asia tensions riseGlobal reinsurers are reviewing war risk insurance for ships and planes due to rising tensions in West Asia. Strait of Hormuz is now seen a...
- What's in the EU's proposed 19th package of Russia sanctionsEuropean Commission proposed a new set of sanctions against Russia. This is the 19th package after Russia's invasion of Ukraine. The sancti...
- EU approves 5 billion euro French scheme for wine exports to USThe European Commission has approved a 5 billion euro French scheme to facilitate wine and spirits exports to the U.S. until July 2025, aim...
- Higher shipment value to bulk up insurers' premium incomeIndia's export insurance sector may gain from increased shipment values despite facing challenges from a proposed 27% US tariff on Indian i...
- TATA AIG General Insurance excludes Red Sea route, others raise premiumsWith ships passing through the region becoming the target of increasing attacks and the resultant declaration by the JWC of Lloyds and othe...
- Indian insurance companies cancel coverage for war damageWhile this will have an impact for marine cargo insurance policies, which is important for businesses involved in shipping and transporting...
- India's general insurers eye bigger marine pool for Russian oil, fertiliser shipmentsLast year, general insurance companies led by state-run reinsurer GIC Re had set up a cargo pool for fertiliser imports with a net capacity...
- EU decides to ease sanctions on Russian oil exports“With a view to avoid any potential negative consequences for food and energy security around the world, the EU decided to extend the exemp...
- Petrol, diesel prices rise after falling for two weeksAt Indian Oil Corporation pumps in Delhi, petrol was priced at Rs 76.25 per litre and diesel Rs 67.75 per litre.
- PSUs may be first to start shipment on International North-South Transport CorridorThe corridor has been tested for dry runs, but to test its viability and boost two-way trade, the government is likely to first ask PSUs.
- ECGC to introduce specialised products for medium, small and micro enterprisesExport Credit Guarantee Corporation Ltd, is having plans to introduce new products targeted at MSMEs, informed N. Shankar.
- Special cover for Iran oil imports may goHopes rise after France's foreign minister hints EU may lift some sanctions on Iran in December.
- BRICS nations keen to set up reinsurance companyIndia is also hopeful that such a firm can help the country as it has abysmally low general insurance penetration.
- Private refiners to get special insurance coverThe measures is part of the plan outlined recently by oil minister Veerappa Moily to the Prime Minister to cut India's oil import bill by $...
- Rs 2,000 crore insurance to refiners for using Iranian oil soonFin Min has initiated the process of setting up of a Rs 2K-cr fund to provide insurance cover to domestic refineries that process Iranian o...
- Supply of Iranian crude: Talks heading in positive directionA bottleneck in the smooth supply of Iranian crude oil to India is expected to be removed soon with the state-run insurance cos agreeing to...
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