New Delhi, April 18 (IANS) Amid the West Asia crisis and geo-political tensions, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Saturday approved the proposal for creation of a domestic insurance pool with a sovereign guarantee of Rs 12,980 crore, to facilitate continuous maritime insurance coverages for Indian flagged or controlled vessels or vessels destined to or starting from India.The pool, called ‘Bharat Maritime Insurance Pool’ (BMI pool), ensures that Indian trade con…
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