Union Minister Ashwini Vaishnaw addressing the media on the Cabinet decisions at the National Media Centre in New Delhi on April 18, 2026. | Photo Credit: Sushil Kumar Verma The government on Saturday (April 18, 2026) approved a proposal to create a domestic insurance pool, Bharat Maritime Insurance Pool (BMI pool), with a sovereign guarantee of ₹12,980 crore to facilitate continuous maritime insurance coverage. The pool ensures that Indian trade continues to have access to affordable insurance for vessels carrying cargo from any international origin to Indian ports and vice versa, even when transiting volatile maritime corridors. Published – April 18, 2026 03:47 pm IST Share this: Click to share on WhatsApp (Opens in new window) WhatsApp Click to share on Facebook (Opens in new window) Facebook Click to share on Threads (Opens in new window) Threads Click to share on X (Opens in new window) X Click to share on Telegram (Opens in new window) Telegram Click to share on LinkedIn (Opens in new window) LinkedIn Click to share on Pinterest (Opens in new window) Pinterest Click to email a link to a friend (Opens in new window) Email More Click to print (Opens in new window) Print Click to share on Reddit (Opens in new window) Reddit Click to share on Tumblr (Opens in new window) Tumblr Click to share on Pocket (Opens in new window) Pocket Click to share on Mastodon (Opens in new window) Mastodon Click to share on Nextdoor (Opens in new window) Nextdoor Click to share on Bluesky (Opens in new window) Bluesky Like this:Like Loading... Post navigation Chief Minister N. Chandra Babu Naidu launches a national-level campaign against Opposition for defeating Constitution Amendment Bill Telangana Transport Minister raises concerns over rise in fatal road accidents