The Department of Financial Services (DFS) under the Ministry of Finance (MoF) has launched India’s first sovereign-backed Protection & Indemnity (P&I) insurance product under the Bharat Maritime Insurance Pool (BMIP) in New Delhi.
The insurance product provides third-party liability coverage of up to $1.5 billion.
According to the “BIMCO-ICS Seafarer Workforce Report 2026” released by the Baltic and International Maritime Council (BIMCO) and the International Chamber of Shipping (ICS), India has emerged as the world’s second-largest supplier of seafarers, with 3.1 lakh professionals accounting for 12.16% of the global workforce.
The Philippines ranks top in seafarer supply, followed by India, China, Russia, and Indonesia.
Nikos Christodoulides, the President of the Republic of Cyprus, visited India at the invitation of PM Narendra Modi. He held bilateral discussions with PM Modi at Hyderabad House in New Delhi.
During his visit to Mumbai, President Christodoulides participated in the traditional bell-ringing ceremony at the National Stock Exchange of India Ltd (NSE) and attended the Cyprus-India Business Forum. Both countries signed 6 MoUs across various sectors and made 8 major announcements to strengthen bilateral cooperation.
Professor Momoko Kitada has been conferred with the 2026 International Maritime Organization (IMO) Gender Equality Award. The award, established in 2022, recognises individuals who have made significant contributions toward empowering women and promoting diversity within the maritime sector.
The Department of Financial Services (DFS) under the Ministry of Finance (MoF) has launched the “Bharat Maritime Insurance Pool” (BMIP) in New Delhi. The BMIP is established with a total value of $1.5 billion, which includes a sovereign guarantee of $1.4 billion (₹12,980 crore).
The initiative aims to reduce the heavy reliance of Indian vessels on foreign International Group (IG) Protection and Indemnity (P&I) Clubs for third-party liability coverage.
𝗠𝗩 𝗠𝘂𝗥𝗮𝗟𝗶 𝗩𝗶𝗝𝗮𝗬
136.3Sam
144.8
DS Devadharshini Senthil
135
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"It is very helpful platform to study current affairs. It has memory technique which saves lots of time during preparartion."
"Came across Editorial Vocabulary podcast video accidentally and really loved the idea. Its really useful for my preparation."
"Wonderful session. Thank you so much and really hats off to you for making current affairs and editorial an easy one."
"This is one the best app for Current Affairs. The content is cut and short whichever is required and is easy to remember with flashcards."
"Thx to daily quizzes. It played a big role in revisions. April 2024 - April 2025 I missed quizzes 3 or 4 days only. It's that interesting."
"Best app to learn current affairs in an effective way. I usually forgot current affairs easily and now I can easily remember everything."
"I studied current affairs only in Scoreclever and its really a time saver. Thanks Scoreclever team for all your efforts."
"Just wow. Haven't seen anyone explaining editorials like this. Crystal clear explanations with word by word. Thanks so much."
"This app is very useful to the persons who find difficult to go through the bunch of PDFs, and spending lots of time for revision."
"The memorising technique in the Scoreclever automatically stores the news in my mind and it saves time."
"It is very helpful platform to study current affairs. It has memory technique which saves lots of time during preparartion."
"Came across Editorial Vocabulary podcast video accidentally and really loved the idea. Its really useful for my preparation."
"Wonderful session. Thank you so much and really hats off to you for making current affairs and editorial an easy one."
"This is one the best app for Current Affairs. The content is cut and short whichever is required and is easy to remember with flashcards."
"Thx to daily quizzes. It played a big role in revisions. April 2024 - April 2025 I missed quizzes 3 or 4 days only. It's that interesting."
"Best app to learn current affairs in an effective way. I usually forgot current affairs easily and now I can easily remember everything."
"I studied current affairs only in Scoreclever and its really a time saver. Thanks Scoreclever team for all your efforts."
"Just wow. Haven't seen anyone explaining editorials like this. Crystal clear explanations with word by word. Thanks so much."
"This app is very useful to the persons who find difficult to go through the bunch of PDFs, and spending lots of time for revision."
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