Government Okays Rs 129.8 Billion Maritime Insurance Pool

27 Apr 2026 CW Team

The central government has approved a maritime insurance pool worth Rs 129.8 billion (bn) to strengthen risk cover for the shipping sector. The move is intended to expand underwriting capacity for high value hull and cargo risks and to address coverage gaps that have challenged domestic carriers and exporters. Officials described the pool as a strategic instrument to stabilise insurance availability and to support logistics chains connected to international trade.

The pool aggregates capacity from public and private insurers together with reinsurance arrangements and a government backstop to enhance solvency for major claims. It provides standardised terms to reduce the need for multiple layered placements that can increase cost and complicate claims settlement. The arrangement is structured to improve access to comprehensive cover and to deliver more predictable pricing for ship operators and cargo interests.

The pool covers a range of maritime perils and offers both hull and cargo protection, supporting domestic tonnage and operators engaged in liner and bulk trades. By centralising capacity, the mechanism aims to shorten negotiation timelines for high exposure risks and to reduce reliance on multiple foreign market placements. The design seeks to strengthen the continuity of cover during periods of heightened claims activity.

Regulatory coordination and oversight are in place to finalise operational terms and governance for the pool while the government monitors its effectiveness against stated objectives. The initiative is intended to lower systemic risk within the maritime insurance market and to facilitate investment in shipping services, thereby supporting export competitiveness and supply chain resilience. Market participants and insurers will be required to comply with reporting and capital adequacy norms set by regulators.

Infrastructure Transport

27 Apr 2026

Civil Aviation Minister Reviews Hub And Spoke Readiness

The Minister of Civil Aviation, Ram Mohan Naidu, chaired a high-level meeting at Delhi Airport to review readiness for hub-and-spoke operations. Senior officials from the Ministry of Home Affairs, Ministry of Civil Aviation, Bureau of Immigration, Bureau of Civil Aviation Security, Customs, Airports Authority of India, Directorate General of Civil Aviation, CISF, DigiYatra, Delhi International Airport Limited and leading airlines attended. He led an on-ground walkthrough of passenger flows and inspected the Security Hold Area at Terminal 3. The ministry noted that the National Civil Aviation P..

BCCL Announces PI Relaxation And Cash Discount For Power Sector

Bharat Coking Coal Limited (BCCL) has announced a scheme providing relaxation in Performance Incentive (PI) and offering a cash discount to power sector consumers for the first quarter of Financial Year 2026–27, covering April to June 2026. The scheme is applicable to all eligible power sector consumers covered under Fuel Supply Agreements (FSA), including those under the Flexi?Linkage arrangement. Incentives will be linked to actual coal offtake through rail, road and rail?cum?road (RCR) modes and implemented on the basis of proportion of offtake against the Quarterly Quantity (QQ) in defin..

Union Minister Concludes Czech Republic Visit To Deepen Economic Ties

Union Minister of State for Commerce and Industry Shri Jitin Prasada concluded an official visit to the Czech Republic from 22 to 23 April 2026 at the invitation of the Czech government. The visit reaffirmed India’s commitment to strengthening strategic and economic engagement with key European partners and to deepening bilateral trade, investment and innovation linkages. The programme focused on identifying practical opportunities for industrial collaboration and technology partnerships. During the visit, the minister held bilateral meetings with senior Czech leaders, including Mr Karel Hav..