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Current Affairs related to Cabinet

2 News
20 April 2026 NATIONAL

The Union Cabinet has approved the establishment of the Bharat Maritime Insurance Pool (BMI pool) to provide continuous maritime insurance coverage for Indian vessels. The initiative is backed by a sovereign guarantee of ₹12,980 crore to provide financial security and ensure insurance availability for the pool.

The BMI pool is intended to reduce dependency on external insurance and mitigate risks from global volatility and geopolitical instability in the maritime sector of India.

20 April 2026 NATIONAL

The Union Cabinet has approved an additional installment of Dearness Allowance (DA) for central government employees and Dearness Relief (DR) for pensioners, effective from January 2026.

The increment represents a 2% increase over the existing rate of 58% of the basic pay or pension.

The move aims to provide compensation against price escalation.

The total financial impact on the exchequer due to the increase in DA and DR is estimated at ₹6,791.24 crore per annum.