The consumer commission in Mumbai has ordered Axis Bank and New India Assurance to pay an insurance claim of Rs 30 lakh with interest to a policeman who suffered permanent disabilities in an accident in 2017. The commission found that the claimant’s insurance claim was arbitrarily rejected and repudiated. The bank and insurance company were in agreement to provide insurance cover to police personnel as per the Memorandum of Understanding (MoU) between the bank and the Mumbai Police. The commission also directed the payment of compensation for mental agony and litigation costs.
India and Taiwan have signed an agreement to allow Indian migrant workers to enter Taiwan and address the labor shortage. Taiwan, known for its semiconductor production, currently relies on migrant workers from Southeast Asian countries. The memorandum of understanding has been signed, but details are yet to be finalized. This move is influenced by India’s strained relationship with China.
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India and Pakistan have exchanged the list of nuclear installations and facilities covered under the agreement on the prohibition of attack against nuclear installations and facilities between both nations.
The agreement would help member countries like India reduce their dependence on China. It aims to strengthen and diversify supply chains, ensuring greater resilience in times of disruptions. India and 12 other countries have joined hands to enhance supply chain security and reduce vulnerability.
