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India's gold and silver imports from its free trade agreement (FTA) partner UAE have skyrocketed 210 per cent to USD 10.7 billion in 2023-24 and there is a need to potentially revise the concessional customs duty rates under the pact to mitigate the arbitrage driving this surge, a report said on Monday. Economic think tank Global Trade Research Initiative (<keyword id="15910220" type="General" weightage="20" keywordseo="GTRI" source="Orion">GTRI</keyword>) said this sharp rise in gold and silver imports is primarily driven by import duty concessions granted by India to the UAE under the India-UAE Comprehensive Economic Partnership Agreement (CEPA). India allows 7 per cent tariffs or customs duty concessions on import of unlimited quantities of silver and a 1 per cent concession on 160 metric tonnes of gold. CEPA was signed in February 2022 and implemented in May 2022. Additionally, India facilitates gold and silver imports by allowing private firms to import from the UAE through the India International Bullion Exchange (IIBX) in Gift City. Previously, only authorised agencies could handle such imports, the report said. "While India's total imports from the UAE fell 9.8 per cent from USD 53.2 billion in FY23 to USD 48 billion in FY24, imports of gold and silver skyrocketed 210 per cent, from USD 3.5 billion to USD 10.7 billion," it said. "Import of all remaining products fell 25 per cent, from USD 49.7 billion in FY23 to USD 37.3 billion in FY24," it said. GTRI Founder Ajay Srivastava said the current import of gold and silver from the UAE is unsustainable as the UAE does not mine gold or silver or add sufficient value to imports. "High import duties in India on gold, silver, and jewellery at 15 per cent are at the root of the problem. Consider lowering tariffs to 5 per cent. This will cut large-scale smuggling and other misuse," Srivastava said. Trade in gold, silver, and diamonds has been prone to misuse due to their low volume but high value and high import duties in India. Low tariff imports of gold, silver only benefit few importers who keep all profits arising through tariff arbitrage and never pass it to consumers, he said. Srivastava suggested the government implement certain measures to help India balance its <keyword id="21681862" type="General" weightage="20" keywordseo="trade-policies" source="keywords">trade policies</keyword>, protect domestic revenue, and ensure fair competition in the import of precious metals and jewellery. It suggested reassessing and potentially revising the concessional duty rates under CEPA to mitigate the arbitrage driving the surge in imports of gold and silver. "At least, implement yearly import quotas (tariff rate quotas) for silver, similar to those for gold, to control the volume of imports and prevent revenue loss," it said, adding that India should rigorously verify the claimed value addition by Dubai-based refiners in gold and silver imports to ensure compliance with CEPA rules of origin. It also asked to tighten regulations around the India International Bullion Exchange (IIBX) at Gift City to control the volume and nature of <keyword id="22080399" type="General" weightage="20" keywordseo="precious-metal-imports" source="keywords">precious metal imports</keyword> and the exchange should not allow country-based exemptions. As increased imports contribute to a higher current account deficit and since gold and silver act more like financial instruments than regular trade items, India should avoid including them in any FTA. "India has granted <keyword id="20542001" type="General" weightage="20" keywordseo="tariff-concessions" source="keywords">tariff concessions</keyword> for these items in many FTAs and under the DFTP (duty-free tariff preference) scheme, so a comprehensive review is needed. India announced the scheme for LDCs (least developed countries) in 2008. Under this, India provides duty free/preferential market access on about 98.2 per cent of India's tariff lines (or product categories). Further, the report stated that silver imports from the UAE increased multifold to USD 1.74 billion in 2023-24 from a meagre USD 29.2 million in 2022-23 due to India charging an 8 per cent duty under the CEPA versus a 15 per cent duty from other countries. "The large 7 per cent tariff arbitrage resulted in a loss of revenue for India of Rs 1,010 crore in FY24. Revenue loss will increase as India has committed to make tariffs zero on unlimited quantities of silver from the UAE within next 8 years," it added. It said this trade is unusual because the UAE just imports large silver and gold bars, melt and convert these into silver grains and unwrought gold for exports. "A check with global refiners will show that value addition in such process is much less than 1 per cent as opposed to 3 per cent required under the FTA," it said. On gold bars, the report said India agreed to import 200 metric tons of gold annually from the UAE with a 1 per cent tariff concession and due to this gold imports rose 147.6 per cent from USD 3 billion in FY23 to USD 7.6 billion in FY24, causing India to lose Rs 635 crore in revenue in FY24. Similarly, India's jewellery imports have increased 187.6 per cent from USD 1.1 billion in FY23 to USD 3.3 billion in FY24, whereas these imports from the UAE have increased 290 per cent from USD 347 million in FY23 to USD 1.35 billion in the last fiscal.

Gold, silver import from UAE surged 210% in 2023-24; Need duty revision in FTA: GTRI

Bike insurance is a necessity for every bike owner. It provides financial protection in the event of an accident, theft, or any other unforeseen circumstances. A comprehensive <keyword id="21358051" type="General" weightage="100" keywordseo="bike-insurance-policy" source="keywords">bike insurance policy</keyword> not only protects your bike but also safeguards you against third-party liabilities. In India, as mandated by law under Motor Vehicles Act, of 1988, it is mandatory to have a third-party motor insurance policy for all motor vehicles. However, opting for comprehensive insurance which is a combination of Third-Party (TP) and Own Damage (OD) coverage, which offers additional benefits and peace of mind. If you purchased bike insurance in April 2023, it will be up for Own Damage (OD) renewal in <keyword id="19986528" type="General" weightage="20" keywordseo="April-2024" source="keywords">April 2024</keyword>. Here are some tips to help you renew your bike insurance policy effortlessly. This article will offer essential tips that will make your bike insurance renewal journey seamless and convenient. <cmsannotation type="cmsannotation" annotationid="Evaluate your current policy" comment="subhead" text="Evaluate your current policy">Evaluate your current policy</cmsannotation> Before renewing the policy, evaluate your current bike insurance policy. Assess the coverage you opted for and whether it meets your requirements. Check if your policy includes add-ons that you don't need or if it lacks crucial coverage. Based on your evaluation, you can decide if should switch to another insurer, opt for a new policy, or renew your existing policy with no changes. <cmsannotation type="cmsannotation" annotationid="Check for No Claims Bonus (NCB)" comment="subhead" text="Check for No Claims Bonus (NCB)">Check for No Claims Bonus (<keyword id="20071511" type="General" weightage="20" keywordseo="NCB" source="keywords">NCB</keyword>)</cmsannotation> If you did not make any claims during the previous policy period, you are eligible for a No Claims Bonus (NCB). You can avail of a discount on the premium for the next policy period. Ensure that your insurer has correctly calculated the NCB amount, and it reflects in the <keyword id="20791613" type="General" weightage="20" keywordseo="premium-amount" source="keywords">premium amount</keyword>. <cmsannotation type="cmsannotation" annotationid="Review the IDV of your bike" comment="subhead" text="Review the IDV of your bike">Review the <keyword id="20623260" type="General" weightage="20" keywordseo="IDV" source="keywords">IDV</keyword> of your bike</cmsannotation> Insured Declared Value (IDV) is the maximum amount that the insurer pays in the event of damage or theft of a bike. IDV is calculated based on the current market value of the bike. Review the IDV of your bike in your current policy. Ensure that the premium amount is correctly calculated based on the IDV. If the IDV mentioned is less than the actual value of your bike, you will have to pay extra in case of partial loss or theft. On the other hand, if the IDV is high, your premium amount will be more. Thus, you must evaluate the IDV wisely, ensuring a balance between the IDV and the premium amount. <cmsannotation type="cmsannotation" annotationid="Compare policies" comment="subhead" text="Compare policies">Compare policies</cmsannotation> It is crucial to compare policy quotes from different insurance providers before renewing your policy. Comparing policies helps you understand the different types of coverage available in the market. It also enables you to make an informed decision based on the best possible coverage and premium cost. Using online insurance comparison tools can help you compare policies and their features. It is advisable to opt for a policy that offers comprehensive coverage while keeping the premium amount affordable. At Bajaj Finance Insurance Mall, you can compare bike insurance policies and premiums offered by leading insurance providers in India. This convenient platform allows you to choose your preferred policy and buy it in just a few clicks. So, check Bajaj Finance Insurance Mall before renewing your bike insurance policy. <cmsannotation type="cmsannotation" annotationid="Renew on time" comment="subhead" text="Renew on time">Renew on time</cmsannotation> It is important to renew your bike insurance policy on or before the due date. If you fail to renew on time, you will have to pay a penalty for a delayed renewal. Additionally, if there is a gap between your policy's expiry date and the renewal date, you will not be covered in case of any mishaps. You can renew your policy online through your insurer's website or mobile application. It's a quick and convenient way to renew your policy from the comfort of your home. <cmsannotation type="cmsannotation" annotationid="Opt for long-term policies" comment="subhead" text="Opt for long-term policies">Opt for long-term policies</cmsannotation> Instead of renewing your policy annually, you have the option to opt for long-term policies. Long-term policies offer coverage for up to three years, reducing the hassle of renewing the policy every year. It also locks in the premium and NCB for the duration of the policy. <cmsannotation type="cmsannotation" annotationid="Final thoughts" comment="subhead" text="Final thoughts">Final thoughts</cmsannotation> Renewing your bike insurance policy on time is crucial to ensure financial protection in case of an accident, theft, or any other unforeseen circumstances. Carefully evaluate your current policy and compare policy quotes from different insurers. Review the IDV of your bike and ensure that the premium is calculated based on it. Check if you are eligible for a No Claims Bonus and if it is correctly reflected in the premium amount. Opt for a long-term policy if it suits your needs. Remember to renew your policy on time to avoid any penalties for delayed renewal and gaps in coverage. By following these tips, you can effortlessly renew your bike insurance policy in April 2024. (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. will not be responsible in any way for the content of the same)

Essential tips for effortlessly renewing your bike insurance policy in 2024

<ul class="summary-list"><li>The Fed's reliance on "flawed" inflation data to keep interest rates high will spur a policy mistake, David Rosenberg says.</li><li>The latest PCE and GDP data may be misrepresenting the actual state of the economy.</li></ul>The Federal Reserve's fixation on a streak of "flawed" data to justify keeping interest rates higher for longer is bound to spark a policy mistake, according to top economist David Rosenberg. "The Fed seems to be focusing not just on flawed data, but on headlines only. I don't sense any analysis of the data by the various FOMC officials as much as reporting of the data," Rosenberg said in a note on Monday. He said the reverberations of such a misstep wouldn't hit until six months later, but when they do, the Fed and the markets are in for a shock."The Fed now intends to stay on the sidelines as it closely watches lagging and contemporaneous indicators that are littered with high error terms, and the longer it waits, the more it is going to have to do on the rates front. Shades of 1991, 2001 and 2008," he wrote. Rosenberg criticized the Fed's focus on its favored PCE inflation data, which spiked higher than estimated <a href="https://www.businessinsider.com/gdp-data-fed-inflation-rises-soft-landing-interest-rate-cuts-2024-4#:~:text=One%20of%20the%20Fed's%20favored,until%20as%20late%20as%202025.">at a 3.7% annual rate in March</a>, making the central bank believe it's still too early to loosen the monetary policy. The economist pointed out that first-quarter data paints a narrow inflation picture, mainly driven by three idiosyncratic items: financial services and insurance, healthcare services, and housing and utilities."I don't see how the Fed can influence these inherently non-cyclical areas. And it is unclear how long-lasting these influences will be," he said, adding that excluding the three items above, core PCE inflation edged up by only 1.5% annually in Q1. Rosenberg noted that even the tepid 1.6% annualized real GDP growth in the first quarter was mainly driven by government, healthcare, and financial services. Beyond these sectors, real consumer spending only saw a modest uptick of less than 2% annually, far from a "hot economy" narrative. "Meanwhile, household expenditure on both durable and nondurable goods contracted at a -0.4% annual rate, and these are far more exposed to the shifts in the economic cycle," the note said. Finally, he noted that the Fed's long-term view of the economy as still hot based on non-farm payroll data was dashed by the Quarterly Census of Employment and Wages and Business Employment Dynamics.Rosenberg pointed out that the payroll report may be exaggerating actual employment by 70,000 per month. This is because the lagging, more comprehensive <a href="https://www.bls.gov/news.release/cewqtr.htm#:~:text=In%20September%202023%2C%20national%20employment,and%20Wages%20(QCEW)%20program." target="_blank" rel="noopener noreferrer">QCEW data only showed a 1.5% rise</a> as of September 2023, while the widely used nonfarm payroll report indicates a 2% growth every month.Meanwhile, BED data indicated <a href="https://www.bls.gov/news.release/cewbd.nr0.htm" target="_blank" rel="noopener">a 192,000 drop in private employment</a> in Q3 of last year, whereas private job payroll data reported a significant 521,000 increase in that time. "We have not seen a decline like this since the first and second quarters of 2020, but we also had this sort of drop in the third quarter of 2007 and the first quarter of 2001."

The Fed is focusing on 'flawed' data and keeping rates high will result in a big policy mistake, economist says

<ul><li><keyword id="6362363" type="General" weightage="20" keywordseo="health-insurance" source="Orion">Health insurance</keyword> companies, middlemen, and agents have to give all policyholders a document called the <keyword id="1328156" type="General" weightage="20" keywordseo="customer-information" source="Orion">customer information</keyword> sheet(CIS). </li><li>Easy to understand CIS will help address common customer queries and understand their <keyword id="2303826" type="General" weightage="20" keywordseo="policy-benefits" source="Orion">policy benefits</keyword> as well as limitations better. </li><li>There should be a note that tells policyholders where to find the CIS, so they can always refer to it when they need to understand their policy better. </li></ul>According to a recent circular by the Insurance Regulatory and Development Authority of India (IRDAI), health insurance companies, middlemen, and agents have to give all policyholders a document called the customer information sheet (CIS), and they need to make sure they confirm that the policyholder got it, whether it's a physical paper or a digital version. If a policyholder wants it, this sheet should be available in their local language. The sheet should use a font size that's at least 12" (in Arial) or bigger to make it easy to read. It's also important that all the information on this sheet is filled in correctly. <cmsannotation type="cmsannotation" annotationid="Policy information in a simple language in one place" comment="Subhead" text="Policy information in a simple language in one place">Policy information in a simple language in one place</cmsannotation> “This is a very good initiative that will bring transparency from the customer perspective. Every information that the customer needs is already there, but the CIS will give it in a simple, tabular form,” says Bhaskar Nerurkar, head, health administration team, Bajaj Allianz General Insurance. For example some policies may have certain sublimits or room rent restrictions, which will be listed transparently in a simple form in one particular place. “We send all these details to the customer but it is in a policy schedule form which is slightly legal,” adds Nerukar. Agrees, Dr. S. Prakash, chairperson, Health Committee, General Insurance Council. “The CIS can be very handy and useful and prevent any delay when a claim is processed.” Given that many policy wordings contain technical jargons and legal language, customers may face challenges in comprehension. “Easy to understand CIS will help address common customer queries and understand their policy benefits as well as limitations better, so that it leaves no room for any confusion during policy holding or claim processing,” says Bhabatosh Mishra, director, claims, underwriting and product, Niva Bupa, a <keyword id="135638" type="General" weightage="20" keywordseo="health-insurance-company" source="Orion">health insurance company</keyword>. <cmsannotation type="cmsannotation" annotationid="Necessary information access made easy" comment="Subhead" text="Necessary information access made easy">Necessary information access made easy</cmsannotation> When sending out the main policy document, there should be a note that tells policyholders where to find the CIS, so they can always refer to it when they need to understand their policy better. This helps make sure that people understand their insurance policies and have all the information they need. If the customers have any query they can get both online and offline assistance from the intermediary and resolve any doubts,” says Prakash. Customers can also contact the customer support team of the health insurance companies for help.

Health insurance information to be made available in a simple and lucid form from January 1

<ul><li><keyword id="914396" type="General" weightage="20" keywordseo="student-travel-insurance" source="Orion">Student travel insurance</keyword> provides benefits specifically tailored to students, including coverage for study interruptions. </li><li>Unlike regular, leisure, or business <keyword id="3599674" type="General" weightage="20" keywordseo="travel-policies" source="Orion">travel policies</keyword> that are issued for up to 180 days, <keyword id="18319885" type="General" weightage="20" keywordseo="student-travel-policies" source="Orion">student travel policies</keyword> come with a term of one or two years and are renewable. </li><li>It’s recommended that you must buy an adequate amount of coverage, according to the duration of your stay. </li></ul>Healthcare expenses, especially in foreign countries like the US can be very expensive, and hence health insurance is crucial. Numerous universities in nations such as the United States, United Kingdom, and Canada mandate that students acquire health insurance from local providers, often in collaboration with the university. However, these insurance plans usually offer coverage exclusively for students while they are on the university campus or within the host country's borders. This is where comprehensive <keyword id="531544" type="General" weightage="20" keywordseo="travel-insurance" source="Orion">travel insurance</keyword> plans step in. “When it comes to choosing between international student health insurance and travel insurance, a student travel insurance policy purchased in India is highly recommended. This policy combines health insurance and travel insurance, providing better coverage and benefits,” says Manas Kapoor, business head, travel insurance, Policybazaar.com. This policy provides comprehensive coverage for various expenses during your stay abroad, including high medical costs for emergencies. It also covers delayed or lost baggage, trip cancellations, family visits, and other incidental expenses that could burden your finances. “For instance, for a 1-year course in the US with a tuition fee of ₹10 lakh to ₹15 lakh, the travel insurance cost would range around ₹10,000 to ₹15,000, representing only 1-2% of the total cost of studies. This insurance ensures peace of mind and financial security while studying abroad,” says Kapoor. <cmsannotation type="cmsannotation" annotationid="Student vs normal travel insurance" comment="subhead" text="Student vs normal travel insurance">Student vs normal travel insurance</cmsannotation> Travel insurance for students is specifically tailored to meet the needs of students. <cmsannotation type="cmsannotation" annotationid="Refund of tuition fees" comment="subhead" text="Refund of tuition fees">Refund of tuition fees</cmsannotation>: Student travel insurance provides benefits specifically tailored to students, including coverage for study interruptions. This can include a refund of tuition fees if a student is unable to complete his course,” says Kapoor. <cmsannotation type="cmsannotation" annotationid="Sponsor protection" comment="subhead" text="Sponsor protection">Sponsor protection</cmsannotation>: In case the sponsor named in the schedule meets with an accident that leads to death or disability during the policy period, the insurance company shall reimburse the remaining school fee subject to the maximum limit mentioned. Also if the insured is hospitalised due to injury or a sickness covered in the policy, and the physician advises the necessary attendance of a family member, the insurance company will reimburse the economy fare, subject to certain conditions,” says Aditya Sharma, chief distribution officer, retail sales, Bajaj Allianz, General Insurance. <cmsannotation type="cmsannotation" annotationid="Extended coverage" comment="subhead" text="Extended coverage">Extended coverage</cmsannotation>: Also, unlike regular, leisure, or business travel policies that are issued for up to 180 days, student travel policies come with a term of one or two years and are renewable. “We normally provide a yearly policy, but they can renew it when they come back and even if they don’t come back they can extend the policy through a simple mail,” says Sharma. <cmsannotation type="cmsannotation" annotationid="Coverage in another country" comment="subhead" text="Coverage in another country">Coverage in another country</cmsannotation>: A student travel insurance provides other benefits too. “When studying in a country and travelling to some other country, student health insurance will also provide coverage in another country. Also, a student will have a wider network of hospitals to choose from,” says Sharma. This is often a better option than going for a bundled deal with the university-offered insurance as the coverage is far more extensive. Even if the university makes it mandatory, travel insurance can come in handy. <cmsannotation type="cmsannotation" annotationid="Be aware of the exclusions" comment="subhead" text="Be aware of the exclusions">Be aware of the exclusions</cmsannotation> Like any insurance policy, student travel insurance also comes with a set of clauses. To prevent any unexpected occurrences during a trip, it is important to thoroughly review all terms and conditions. “There are two most important things to keep in mind when considering travel insurance coverage,” says Kapoor. Firstly, planned hospitalisations abroad are not covered, and secondly, losses due to personal change of plans are also not covered unless there is a valid reason, according to the policy terms and conditions. Additionally, it is important to note that adventure sports, as well as the influence of alcohol or drugs, may not be covered by the policy. “It’s always recommended that you must buy an adequate amount of coverage, according to the duration of your stay,” says Kapoor. For instance, if you are going for a 1 or 2 year course, then the ideal coverage or sum insured (SI) should be 2.5 or 3 lakh dollars but if you are going for an exchange program then you can opt for lesser coverage. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td colspan="5" style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Student Travel Insurance </td><td style="border-left:solid #000000 0.75pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Brand/Plan Name </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Premium </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sum Insured/Coverage Options </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">General Benefits </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Student Specific Benefits </td><td style="border-left:solid #000000 0.75pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Care - Student Explore </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> ₹24,146 SI of $300,000 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> $ 50,000; $ 100,000; $ 300,000; $ 500,000 and $ 1,000,000 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Medical Expenses: up to SI Dental Expenses: up to $750 Loss of Checked-In Baggage: up to $2000 Pre-Existing Disease Cover : up to 10% of SI Loss of International Driving License : up to $150 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Study Interruption Sponsor Protection Bail Bond Coverage at Home Country </td><td style="border-left:solid #000000 0.75pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Tata AIG - Student Travel Guard </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> ₹37,098 SI of $250,000 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> $ 50,000; $ 100,000; $ 250,000 and $ 500,000 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Medical Expenses: up to SI Trip Delay: $100 Missed Connection: up to $1000 Accidental Death and Dismemberment : up to $50,000 Fraudulent Charges: up to 1200 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Cancer screening and mammography examinations Treatment for mental and nervous disorders: including alcoholism and drug dependency Compassionate Visit ( 2-Way) Visit Maternity Benefit (Waiting Period - 10 Months) </td><td style="border-left:solid #000000 0.75pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Bajaj Allianz - Travel Prime Student Silver </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> ₹22,844 SI of $300,000 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> $ 50,000; $ 100,000; $ 200,000; $ 300,000; $ 500,000; $ 750,000 and $ 1,000,000 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Medical Expenses: up to SI Accidental Death &amp; Disability common carrier: up to $3500 Personal Accident: $25,000 Repatriation:up to $6500 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Loss of Laptop; Tuition Fee; Accident to Sponsor; Suicide </td><td style="border-left:solid #000000 0.75pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Niva Bupa - Student Travel Assure </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> ₹22,834 SI of $250,000 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> $ 50,000; $ 100,000; $ 200,000; $ 250,000 and $ 500,000; </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Medical Expenses: up to SI Out-patient Treatment: $25,000 Maternity: $1000 Personal Liability: up to $100,000 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;"> New Born Baby Cover; Emergency Ambulance; Loss of International Driving Licence; Loss of Laptop, Mobile, Tablet, Phone Camera </td><td style="border-left:solid #000000 0.75pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td colspan="5" rowspan="2" style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;background-color:#ffffff;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">* Premium is calculated for student travel insurance of age 25 travelling to USA for a one year (365 days) and are inclusive of GST ** Source: PolicyBazaar.com </td><td style="border-left:solid #000000 0.75pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 0.75pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr></tbody><tbody></tbody></table>

Explained: Travel insurance for students and why it is a must when going to study abroad

<ul class="summary-list"><li><keyword id="11948119" type="UNKNOWN" weightage="60" keywordseo="treasury" source="Orion">Treasury</keyword> Secretary <keyword id="11898809" type="UNKNOWN" weightage="60" keywordseo="janet-yellen" source="Orion">Janet Yellen</keyword> is set to give her first-ever speech on cryptocurrency policy and regulation.</li><li>The Thursday 10:30 a.m. ET speech will outline possible steps the Treasury could take to investigate the use and technology of <keyword id="12068706" type="UNKNOWN" weightage="60" keywordseo="digital-assets" source="Orion">digital assets</keyword>.</li></ul>Treasury Secretary Janet Yellen is set to give her first-ever speech dedicated to cryptocurrency policy and regulation on Thursday.The 10:30 a.m. ET speech will outline possible steps the Treasury could take to investigate the use and technology of digital assets, and how they fit in as an emerging part of the US economy. "Secretary Yellen will make the case for a consistent and comprehensive policy framework that promotes responsible innovation of digital assets and appropriately assesses and mitigates the risks they may pose," the US Treasury announced Tuesday. The speech marks the latest sign that the the US government is ramping up efforts to regulate cryptocurrencies.Last month, President Joe Biden signed an <a href="https://markets.businessinsider.com/news/currencies/biden-crypto-executive-order-digital-dollar-cbdc-bitcoin-congress-2022-3">executive order</a> that directs federal agencies to study the risks and benefits of cryptocurrencies. Protecting consumers, reducing crime risks, and examining a potential US digital dollar are among the priorities in the order, which aims to unify the US government's oversight of the $2 trillion market for digital assets.And on Monday, Securities and Exchange Commission Chairman Gary Gensler called for <a href="https://markets.businessinsider.com/news/currencies/crypto-regulation-sec-gary-gensler-sec-cftc-cooperation-bitcoin-gold-2022-4">greater cooperation between Washington's financial regulators</a> when it comes to cryptocurrencies.Most cryptocurrencies are securities, so the SEC should team up with the Commodity Futures Trading Commission to regulate them, he said.The head of the CFTC, Rostin Behnam, told the US Senate in February that his organization is prepared to embrace the challenges of the <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> sector. "The CFTC is well situated to play an increasingly central role in overseeing the cash digital asset commodity market," Behnam <a href="https://www.cftc.gov/PressRoom/SpeechesTestimony/opabehnam20">said</a>.

Treasury Secretary Janet Yellen will deliver her first speech on crypto and call for a 'comprehensive policy framework'

OYO Hotels &amp; Homes, the world's leading hospitality chain, today announced that it will continue to ramp up efforts to improve its information security framework as well as roll-out stronger ethical hacking and bug bounty programs to encourage continuous improvement and collaboration with ethical hacking experts. This development is in line with the company's commitment towards ensuring data privacy and building a robust cybersecurity network. According to Jagbir Singh, Engineering Manager - DevOps and InfoSec, OYO Hotels &amp; Homes, "One of our biggest assets is the trust our customers, partners and employees place in us. We understand that trust is hard to earn and easy to lose. One key responsibility in earning this trust is protecting the data our customers and other stakeholders have with us from any unauthorised use. Our team of 1100+ world-class security, network and software engineers and external partners across multiple geographies is at work 24x7 ensuring the protection of this data, so our customers and stakeholders can rest easy." The Bug Bounty program that the company aims to introduce is towards ensuring that there is a credible and continuous flow of positive feedback from independent security groups and individual researchers to mitigate against any bug or shortfall in the company's systems. This is in line with the established practice of recognition and reward for ethical hackers who help responsibly investigate shortfalls within the tech architecture of several tech companies including the likes of Silicon Valley giants like Facebook, Google etc. OYO has accordingly developed an improved responsible disclosure policy to encourage honest and responsible reporting of any potential risks. Additionally, OYO has partnered with a specialized cybersecurity startup, AppSecure/Hackerhive, that connects companies and ethical hackers to help the former discover and fix security vulnerabilities and is in the process of developing a full-fledged bug bounty program. Security a priority Security is an integral part of any process at OYO; beginning from the collection of data, during transfer and processing to storage at rest. We follow a comprehensive information security framework based on NIST (National Institute of Standards and Technology, USA), ISO 27001 and other stringent industry standards. Our commitment also extends to employee training and sensitization at every step. All new joiners at OYO go through information security training as part of the New Employee Orientation. The company's software developers and other Information Security personnel also attend a mandatory quarterly refresher since the technology in this space is dynamic and evolving very quickly. There is also an annual mandatory refresher training for all existing employees. Commenting on this announcement, Anil Goel, Group Chief Technology and Product Officer, said, "We have a robust and world-class security team comprising of in-house and external experts employing best in class security techniques including virtual private networks/cloud, firewalls, intrusion prevention and detection devices (IPS and IDS), security trainings for all engineers, static and dynamic code analysis, regular vulnerability assessments and network penetration tests. In today's digital world, a cyberattack is a real concern. Hence, in line with our efforts to continually improve, we are investing in ethical hacking programs as well." OYO also joined hands with other technology companies to address the issue of increasing online frauds and save guests from cybercrimes. Along with other companies, OYO met the Reserve Bank of India (RBI) representatives and made a joint representation on the issue that also addressed the plan on how to curb these online frauds followed by a meeting with other stakeholders in the telecom industry. The company has a long way to go and as it continues to amplify investments in this ever-evolving space, it aims to continually improve. About OYO Hotels and Homes Opening its doors in 2013, OYO Hotels &amp; Homes, a young hotel startup, today is the world's leading chain of hotels and homes. The portfolio combines fully operated real estate comprising more than 43,000 hotels with over 1 million rooms. Through its vacation homes business, the company offers travellers and city dwellers access to over 130,000 homes around the world under OYO Home, Belvilla, Danland, Dancenter and Germany-based Traum-Ferienwohnungen brands. OYO today operates in over 800 cities in 80 countries, including the U.S., Europe, U.K., India, Middle East, Southeast Asia, and Japan.

OYO to roll out comprehensive ethical hacking and bug bounty programs

<ul><li>UPI network to facilitate payments financed by credit from banks, reducing the cost of such offerings. </li><li>Decision to create a web portal that allows for searches across multiple banks to identify possible unclaimed deposits.</li><li>A comprehensive framework to be established to improve grievance redress and customer service by credit institutions and credit information companies. </li></ul>The RBI monetary policy committee decided to keep policy repo rates unchanged at 6.50% in its monetary policy statement, much to the cheer of homebuyers. There were also five key announcements on various developmental and regulatory policy measures. <cmsannotation type="cmsannotation" annotationid="UPI network to facilitate payments financed by credits from banks" comment="subhead2" text="UPI network to facilitate payments financed by credits from banks">UPI network to facilitate payments financed by credits from banks</cmsannotation> Currently, UPI transactions can only be made between deposit accounts at banks, sometimes with the help of pre-paid instruments like wallets. However, it is now proposed to expand the scope of UPI by enabling transfers to/from pre-sanctioned credit lines at banks in addition to deposit accounts. This means that the UPI network will facilitate payments financed by credit from banks, reducing the cost of such offerings and aiding in the development of unique products for the Indian market. Presently UPI handles 75% of India's retail digital payments volume and the UPI system has been used to create products and features that align with India's goals for digital payments. Recently, RuPay credit cards were allowed to be linked to UPI. <cmsannotation type="cmsannotation" annotationid="Development of centralized web portal for public to search unclaimed deposits" comment="subhead2" text="Development of centralized web portal for public to search unclaimed deposits">Development of centralized web portal for public to search unclaimed deposits</cmsannotation> If deposits in a bank remain unclaimed for 10 years, they are moved to the "Depositor Education and Awareness" (DEA) fund managed by the Reserve Bank of India. As the protection of depositors is a top priority, the RBI has taken various steps to prevent new deposits from becoming unclaimed and to ensure that existing unclaimed deposits are returned to their rightful owners or beneficiaries through due process. One of these steps is that banks must display a list of unclaimed deposits on their website. To make it easier for depositors and beneficiaries to access this information, the RBI has decided to create a web portal that allows for searches across multiple banks to identify possible unclaimed deposits based on user input. This search functionality will be improved through the use of AI tools. At the end of February 2023, the unclaimed deposits at public sector banks exceeded ₹35,000 crore. <cmsannotation type="cmsannotation" annotationid="Developing an Onshore Non-deliverable Derivatives Market" comment="subhead2" text="Developing an Onshore Non-deliverable Derivatives Market">Developing an Onshore Non-deliverable Derivatives Market</cmsannotation> Indian banks with International Financial Services Centre (IFSC) Banking Units (IBUs) were authorized to conduct INR non-deliverable foreign exchange derivative contracts (NDDCs) with non-residents and with each other as of June 1, 2020. To further develop the onshore INR NDDC and provide residents with greater flexibility in designing their hedging programs, banks with IBUs will now be allowed to offer INR NDDCs to residents in the onshore market. These banks can choose to settle their NDDC transactions with non-residents and with each other in foreign currency or INR, while transactions with residents must be settled in INR. Separate instructions related to this decision will be issued. <cmsannotation type="cmsannotation" annotationid="Enhancing efficiency of regulatory processes" comment="subhead2" text="Enhancing efficiency of regulatory processes">Enhancing efficiency of regulatory processes</cmsannotation> Various entities must obtain licenses or authorisations from the Reserve Bank of India (RBI) to conduct activities that are regulated by the RBI. Additionally, regulated entities must periodically seek certain regulatory approvals from the RBI under various statutes and regulations. Currently, the application and approval processes for these licenses and approvals take place through a mix of online and offline modes. In the 2023-24 Union Budget, it was announced that financial sector regulators need to simplify, streamline, and reduce the costs of compliance within specific time limits for applications made under various regulations. As a result, the RBI has decided to create a secure, web-based, centralized portal called "PRAVAAH" (Platform for Regulatory Application, Validation And Authorisation) that will gradually be extended to handle all types of applications made to the RBI across all functions. <cmsannotation type="cmsannotation" annotationid="Grievance redress mechanism and customer service provided by the credit institutions and credit information companies" comment="subhead2" text="Grievance redress mechanism and customer service provided by the credit institutions and credit information companies">Grievance redress mechanism and customer service provided by the credit institutions and credit information companies</cmsannotation> Due to the rise in customer complaints regarding credit information reporting and the functioning of credit information companies (CICs), it has been decided to establish a comprehensive framework for improving the efficacy of the grievance redress mechanism and customer service provided by both credit institutions (CIs) and CICs. As part of this framework, the CICs will be brought under the Reserve Bank Integrated Ombudsman Scheme (RB-IOS). In addition to this, several measures will be implemented, including a compensation mechanism for delayed updates/corrections of credit information, SMS/email alerts to customers when their credit information is accessed by CICs, a timeframe for the ingestion of data received by CICs from credit institutions, and disclosures regarding the number and nature of customer complaints received on the website of CICs. Detailed guidelines on these measures will be issued shortly. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/rbis-monetary-policy-committee-keeps-repo-rate-unchanged-at-6-5/articleshow/99284354.cms">RBI’s Monetary Policy Committee keeps repo rate unchanged at 6.5%, for now</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/to-make-good-returns-you-neednt-shop-for-investment-products-you-need-to-be-an-investor/articleshow/99286565.cms">‘To make good returns, you needn’t shop for investment products, you need to be an investor’</a>

Centralised portal to search unclaimed deposits, UPI for credit lines and other key RBI announcements

<ul class="summary-list"><li>Despite calling for a return to the <keyword id="154476" type="PERSON" weightage="60" keywordseo="Iran-nuclear-deal">Iran nuclear deal</keyword>, President <keyword id="99719" type="PERSON" weightage="60" keywordseo="Joe-Biden">Joe Biden</keyword> has yet to do so while in office.</li><li>The window of opportunity to revive the deal is closing, and Biden needs to act quickly and boldly to clear the political traps set by Trump.</li><li>Emma Belcher is president of Ploughshares Fund.</li></ul>The future of the <keyword id="41896" type="COUNTRY" weightage="60" keywordseo="Iran">Iran</keyword> nuclear deal hangs in the balance, and with it the prospect of a nuclear-armed Iran or another Middle East war to stop it.The next few weeks will be decisive. To save the deal and renew America's engagement in the world, President Joe Biden will need to act quickly and boldly to clear away the political traps set by President <keyword id="6354484" type="PERSON" weightage="60" keywordseo="Donald-Trump">Donald Trump</keyword>.While campaigning for president, Biden said the best way to avoid an onrush of war in the Middle East would be for "the president to rejoin the Iran deal and build on it." Yet, the administration was slow off the mark in its efforts to re-enter the Iran nuclear deal that Biden helped create, and the window of opportunity before the June Iranian elections is closing.The <a href="https://www.washingtonpost.com/world/europe/iran-nuclear-deal-vienna-talks/2021/04/06/02ac1afe-93e4-11eb-aadc-af78701a30ca_story.html">current talks</a> in Vienna are a welcome development and a sign that both sides realize that the stakes are high and time is short. But the drums of war are still beating.Just this weekend, Israel reportedly attacked a key nuclear facility in Iran, presumably to set back the negotiations as well as Tehran's nuclear program. This is a reminder of how fragile this diplomatic process is, and how important it is to bring the talks to a successful end before other hostile acts can trip them up.<div type="image" title="iran deal" height="1200" width="2000" msid="82104378" hostid="261"></div>Iran was in compliance with the agreement negotiated by the Obama-Biden administration when Trump withdrew in 2018. Trump reimposed crushing economic sanctions as part of a "maximum pressure" campaign to force Tehran back to the table to get a "better" deal.Trump's plan was a "<a href="https://www.nytimes.com/2021/04/10/opinion/sunday/iran-nuclear-deal-sanctions.html" target="_blank" rel="noopener">maximum failure</a>" that produced a predictable reply: Tehran soon began to restart its nuclear program, including enriching uranium beyond the deal's limits. Since Trump withdrew, the estimated time it would take for Iran to produce enough nuclear material for one bomb dropped from 12 months to only a few.As the LA Times <a href="https://enewspaper.latimes.com/infinity/article_share.aspx?guid=2997a702-fc3c-4f0e-a5fb-4ba1390731e7" target="_blank" rel="noopener">put it</a>, "Without a deal restricting the Iranian nuclear program, the choice becomes to watch Iran march closer to the ability to build a bomb, or to go to war to stop it." In Biden's own <a href="https://edition.cnn.com/2020/09/13/opinions/smarter-way-to-be-tough-on-iran-joe-biden/index.html" target="_blank" rel="noopener">words,</a> Trump "recklessly tossed away a policy that was working to keep America safe and replaced it with one that has worsened the threat."Beyond merely reinstating the economic sanctions from the Iran deal, the Trump administration built a malicious "<a href="https://responsiblestatecraft.org/2021/04/06/for-true-jcpoa-re-entry-biden-must-take-down-this-sanctions-wall/" target="_blank" rel="noopener">sanctions wall</a>," including redundant terrorism sanctions for the sole purpose of making it as hard as possible for the Biden team to get back into the nuclear agreement. To lift the sanctions as required under the nuclear deal, Biden will have to lift some so-called "terrorism" sanctions as well.Not shy about their disingenuous sanctions ploy, Trump officials <a href="https://www.wsj.com/articles/using-terrorism-sanctions-trump-administration-hopes-to-tie-bidens-hands-on-iran-11603473828" target="_blank" rel="noopener">said</a> that listing existing nuclear sanctions again under terrorism "makes it more difficult to reverse the action," while Trump ally Mark Dubowitz <a href="https://www.wsj.com/articles/build-an-iranian-sanctions-wall-11554246565" target="_blank" rel="noopener">urged</a> Trump to implement sanctions that his successor "could not easily dismantle."The Biden team seems to understand that Trump's sanctions wall must come down.State Department Spokesman Ned Price <a href="https://www.state.gov/briefings/department-press-briefing-april-7-2021/#post-233401-IRAN" target="_blank" rel="noopener">told</a> journalists April 7 that "We are prepared to take the steps necessary to return to compliance with the <keyword id="3105006" type="PERSON" weightage="60" keywordseo="JCPOA">JCPOA</keyword>, including by lifting sanctions that are inconsistent with the JCPOA."<div type="image" title="Tehran Iran medicine pharmacy" height="1667" width="2500" msid="82104383" hostid="261"></div>Even so, the Biden administration is understandably reluctant to take on this fight at the same time that it is doing so much else. Biden cannot afford to lose any Democratic support for his agenda, particularly in the 50-50 Senate.Yet, as Biden's interim guidance on how America will engage in the world states, "[r]eal strength isn't bluster or bullying. It means leading with our values."And lifting malicious sanctions that not only undermine the Iran deal but hurt those most vulnerable is most certainly in line with American values. Sanctions have hamstrung civil society's ability to fight for human rights and democracy, wreaked havoc on the livelihood of ordinary Iranians, caused food insecurity and limited access to medicines and medical equipment.Worse, these sanctions have exacerbated the horrible COVID-19 pandemic, making it difficult for a pandemic-stricken population to fight the virus.In its relations with Iran, the United States must be guided by empathy and shared humanity, as well as by protecting our national security interests. By <a href="https://www.al-monitor.com/originals/2021/04/white-house-faces-tough-task-tearing-down-iran-sanctions-wall-save-nuclear-deal#ixzz6raUF4n00" target="_blank" rel="noopener">dismantling the sanctions</a> and returning to the nuclear deal, we'll have the <a href="https://responsiblestatecraft.org/2021/04/05/vienna-could-be-a-small-step-toward-bigger-places-if-us-iran-take-advantage-of-it/" target="_blank" rel="noopener">basis</a> to address Iran's problematic behavior in the region more broadly, while helping Iranian civilians survive this disastrous pandemic.President Joe Biden must turn his fine words about American strength and values into practice. He must be as bold on Iran as he has been on domestic policy, where he has proposed aggressive measures on the pandemic, infrastructure, and energy.This means expending political capital to lift the disingenuous Trump sanctions so that all parties can return to compliance. And he needs to act now, before the diplomatic path closes and a nuclear Iran and/or another costly war in the Middle East become more likely, threatening Biden's entire agenda. It's time for a principled approach to Iran that truly keeps Americans safe.

You Searched For "comprehensive policy" and got 9 results

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