CHISINAU, Republic of Moldova, Dec. 22, 2024 (GLOBE NEWSWIRE) — The collaboration between FunEasyLearn and The Time + Tide Foundation brought free language education to girls in Madagascar. The main focus was on students from remote areas with limited access to schooling. As part of the initiative, students received new tablets and free access to the FunEasyLearn app. The scope is for the girls to learn languages and improve their digital skills for better academic and professional opportunities.
Empowering Girls through Language Education
Through its participation, FunEasyLearn reiterates its commitment to making a long-lasting impact in language education. Language skills can unlock higher education and better employment for those in developing regions of South Africa. That can be particularly important for girls who face additional challenges in accessing quality education.
Co-founder & CEO of FunEasyLearn, Diana Andronic, commented: “We are honored to be working with the Time + Tide Foundation to support girls in Madagascar through language education. The initiative complements our mission to make language learning accessible to anyone, regardless of age and background. Language skills can be crucial in areas where education holds the key to a brighter future.”
The initiative has already yielded promising results. Teachers reported a boost in student engagement and academic performance. Although the girls mainly use tablets to learn French, educators encourage them to learn English and browse other language courses. Although the girls mainly use tablets to learn French, educators encourage them to learn English too and browse other language courses.
The app provides a solution for schools experiencing teacher shortages. FunEasyLearn provides students with a personalized language learning experience and real-time feedback. It also helps teachers to better address students’ needs due to the detailed statistics. The feature allows schools to improve student performance despite a shortage of human resources.
About FunEasyLearn
FunEasyLearn is an award-winning language-learning app trusted by millions of learners worldwide. The app caters to people of all ages who are willing to learn languages or improve their vocabulary. From children driven by curiosity to adults motivated to add new skills to their resumes, FunEasyLearn offers a supportive environment for learning. The dedicated Child Mode adjusts the content so that it’s suitable for children under 13. That makes it appealing for educators, schools, and corporate environments alike.
With 34 language courses available in 62 native languages, learners can explore vocabulary tailored to their specific needs. The game-based approach and simplified navigation ensure an enjoyable experience regardless of a user’s technical background. Over 320 useful topics and subtopics offer a smooth transition through 10 proficiency levels aligned with the CEFR (Common European Framework of Reference for Languages).
Website: www.funeasylearn.com For media inquiries, please contact support@funeasylearn.com
Source: The Conversation (Au and NZ) – By Francisco Jose Testa, Lecturer in Earth Sciences (Mineralogy, Petrology & Geochemistry), University of Tasmania
The Conversation
As a kid, it was tough for me to grasp the massive time scale of Earth’s history. Now, with nearly two decades of experience as a geologist, I think one of the best ways to understand our planet’s history and evolution is by condensing the entire timeline into a single calendar year.
So, how do we go about this? If we consider Earth’s age as 4.54 billion years and divide it by 365 days, each day of the Gregorian calendar represents about 12.438 million years.
Let’s say we want to calculate what “day” the Paleozoic started in our new Earth calendar. We just need to subtract 541 million years from the age of the planet and divide it by 12.438 million years. Simple, right?
As I ran these equations, I noticed something amusing. Some of the most significant events in Earth’s history coincide with major holidays in the Western world. By this reckoning, the dinosaurs went extinct on Christmas Day.
The Earth calendar
View the events in the infographic above, or scroll down to read about the entire year in order.
January 1
4.54 billion years ago: Formation of proto-Earth as part of the Solar System
Dust and gas in the early Solar System collide and combine under gravity. This process eventually leads to the formation of a molten planet, our proto-Earth.
January 3
4.5 billion years ago: Theia’s impact and the formation of the Moon
A Mars-sized planet, Theia, collides with the proto-Earth, changing the composition of our planet forever. This massive impact ejects a significant amount of material into orbit around Earth, which eventually coalesces to form the Moon.
February 4
4.1 billion years ago: Beginning of the Late Heavy Bombardment
Earth, the Moon and other inner bodies of our Solar System experience intense asteroid and comet impacts, which shape their surfaces. Unlike Earth, the Moon still retains these craters today because it lacks an atmosphere, water and tectonic activity. The bombardment continues until the very end of February – 3.8 billion years ago.
February 14
3.97 billion years ago: Beginning of the Archean Eon
By Valentine’s Day, the hottest period in Earth’s history – the Hadean Eon – has finally come to an end. With these hostile conditions in the past, the stage is lovingly set for life to emerge as the Archean Eon begins.
March 16
3.6 billion years ago: Formation of the first supercontinent, maybe
For a couple of weeks now, Earth has been cool enough to form stable continental crusts. Vaalbara is a theorised supercontinent consisting of two cratons (ancient, stable and thick blocks that form the cores of continents): Kaapvaal in eastern South Africa, and Pilbara in north-western Western Australia. While still under debate, this would make Vaalbara 3.6 to 2.7 billion years old, one of the oldest supercontinents we know of.
March 26
3.48 billion years ago: Earliest direct evidence of life
Right before the end of the first quarter of the year, simple prokaryotic organisms appear during the Paleoarchean. These are the earliest direct evidence of life recorded as microfossils (stromatolites).
May 27
2.7 billion years ago: Cyanobacteria become the first oxygen producers
Blue-green algae called cyanobacteria develop oxygenic photosynthesis. They use sunlight to convert carbon dioxide and water into organic compounds, releasing oxygen as a byproduct. It’s a milestone for the development of our current atmosphere.
June 16
2.46 billion years ago: The Great Oxygenation Event
A dramatic rise in oxygen levels occurs in shallow seas and in Earth’s atmosphere, driven by oxygenic photosynthesis from cyanobacteria. This event lasts approximately 400 million years, transforming Earth’s environment and paving the way for more complex life forms to thrive on a radically changed planet.
September 17
1.3 billion years ago: Formation of the supercontinent Rodinia
One of the first supercontinents to form on Earth, Rodinia brings together most of the planet’s landmasses. During its 550 million years of existence, Earth is predominantly inhabited by simple life forms, including prokaryotes and early eukaryotes.
October 31
750 million years ago: Breakdown of Rodinia and Snowball Earth events
By Halloween, Rodinia begins to crack apart just like candies in a kid’s trick-or-treat bag. The breakup of Rodinia dramatically influences the planet’s climate and ocean circulation, potentially triggering Snowball Earth events. These two major global glaciations, lasting approximately 70 million years, play a significant role in shaping Earth’s history.
November 9
635 million years ago: The Ediacaran Period begins
Right before the start of the Paleozoic, the first large, complex, multi-cellular marine life forms appear. The Ediacaran biota includes diverse, soft-bodied organisms – early animals, algae and other complex life. Today, curious visitors to the Flinders Ranges in South Australia might be lucky enough to spot some Ediacaran fossils.
November 17
538.8 million years ago: The Cambrian Explosion
The Cambrian Explosion lasts no more than two days (25 million years). During this time, sudden development of complex life occurs in the oceans. Almost all present-day animal phyla appear, and other groups diversify in major ways. Undoubtedly, this is a critical period for life on our planet.
November 23
470 million years ago: Plants first colonise Gondwanaland during the Ordovician Period
Early land plants are simple, non-vascular organisms that colonise moist environments – much like moss today. Over time, plants evolve more complex structures, including vascular tissue specialised for transporting water, nutrients and food, allowing them to thrive in a wider range of terrestrial habitats.
December 1
370 million years ago: First vertebrates move onto land
On the very first day of December, four-limbed animals called tetrapods are the first animals with backbones (vertebrates) to transition to a life on land during the Late Devonian period. These are the ancestors of all land-dwelling vertebrates, living and extinct.
December 10
252 million years ago: Permian-Triassic mass extinction
Life is almost entirely obliterated after a series of massive Siberian volcanic eruptions trigger global warming and a lack of oxygen in the oceans. The Great Dying is the largest extinction in Earth’s history, wiping out more than 90% of marine species and about 70% of terrestrial species.
December 12
230 million years ago: The rise of dinosaurs
The very first dinosaurs are small, bipedal reptiles that eventually evolve into the diverse group of animals that dominate Earth during the Mesozoic Era. Dinosaurs reign over our planet for 13 days, meaning their kingdom endures for an epic 165 million years.
December 25
66 million years ago: Cretaceous-Paleogene mass extinction
Christmas Day is not a joyful day for dinosaurs: they go extinct. The current leading hypothesis for their demise is an asteroid impact in the Yucatán Peninsula of Mexico. A massive space lump of coal from Santa, if you will.
December 26
56 million years ago: The rise of mammals
Boxing Day is a good day for mammals. During the Palaeocene, right after the extinction event, mammals begin to grow in size and diversity. By noon, when the Eocene starts 56 million years ago, they have evolved into the first large herbivores and carnivores.
December 31: midday
~7 to 6 million years ago: The planet of the apes
The very first hominids, either Sahelanthropus or Orrorin, appear by noon on December 31. These species represent some of the earliest common ancestors of humans and other great apes, such as gorillas, orangutans and chimpanzees.
December 31: 11:25pm
300,000 years ago: Modern humans finally arrive
The very first Homo sapiens emerge in Africa, marking the beginning of anatomically modern humans.
The final ten minutes
We’re almost at midnight, and nearly all of humanity’s history can be condensed into the last ten minutes of the year.
11:50pm
~86,377 years ago: Homo sapiens migrate out of Africa into Eurasia. Thus begins a significant global colonisation by early modern humans.
11:51pm
~77,740 years ago: The first symbolic art. Engraved ochre in South Africa’s Blombos Cave is considered one of the earliest symbolic artworks created by humans, indicating the development of cognitive and cultural sophistication.
11:52pm
~69,102 years ago: The Last Glacial Period. An ongoing global cooling event intensifies, forcing humans to adapt to harsher climates.
11:53pm
~60,464 years ago: Humans reach Australia. This marks the earliest known migration across sea, and settlement on a new isolated continent.
11:54pm
~51,826 years ago: Upper Paleolithic Revolution. Humans arrive at a capacity for well-developed language, more complex social structures, and highly specialised tools.
11:55pm
~43,119 years ago: The Neanderthals go extinct. Multiple factors cause their demise, including violence, diseases, natural catastrophes and being outcompeted by Homo sapiens, the only remaining hominid species on Earth.
11:56pm
~34,551 years ago: Symbolic art flourishes and culture emerges globally among modern humans. This time is characterised by significant advancements in creativity and social organisation.
11:57pm
~25,913 years ago: The Last Glacial Maximum. Ice sheets reach their greatest extent, covering large parts of North America, Europe and Asia. This is the peak of the most recent ice age, affecting both ecosystems and human migration.
11:58pm
~17,275 years ago: Warming begins after the Last Glacial Maximum. Ice sheets gradually retreat, leading towards the end of the last ice age.
11:59pm
~8,638 years ago: Significant events take place globally. The Agricultural Revolution has started, with humans cultivating crops and domesticating animals, leading to the first permanent settlements and village life.
Midnight
8,638 years ago to today: A great deal happens in the last few seconds of the year. From the Bronze and Iron Age, to the rise and fall of major empires, the Renaissance, the Industrial Revolution, world wars, space exploration, the internet and artificial intelligence.
Francisco Jose Testa does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
At the invitation of His Highness the Amir of the State of Kuwait, Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, Prime Minister of India His Excellency Shri Narendra Modi paid an official visit to Kuwait on 21-22 December 2024. This was his first visit to Kuwait. Prime Minister Shri Narendra Modi attended the opening ceremony of the 26th Arabian Gulf Cup in Kuwait on 21 December 2024 as the ‘Guest of Honour’ of His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah.
His Highness the Amir of the State of Kuwait Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah and His Highness Sheikh Sabah Al-Khaled Al-Sabah Al-Hamad Al-Mubarak Al-Sabah, Crown Prince of the State of Kuwait received Prime Minister Shri Narendra Modi at Bayan Palace on 22 December 2024 and was accorded a ceremonial welcome. Prime Minister Shri Narendra Modi expressed his deep appreciation to His Highness the Amir of the State of Kuwait Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah for conferring on him the highest award of the State of Kuwait ‘The Order of Mubarak Al Kabeer’. The leaders exchanged views on bilateral, global, regional and multilateral issues of mutual interest.
Given the traditional, close and friendly bilateral relations and desire to deepen cooperation in all fields, the two leaders agreed to elevate the relations between India and Kuwait to a ‘Strategic Partnership’. The leaders stressed that it is in line with the common interests of the two countries and for the mutual benefit of the two peoples. Establishment of a strategic partnership between both countries will further broad-base and deepen our long-standing historical ties.
Prime Minister Shri Narendra Modi held bilateral talks with His Highness Sheikh Ahmad Abdullah Al-Ahmad Al-Jaber Al-Mubarak Al-Sabah, Prime Minister of the State of Kuwait. In light of the newly established strategic partnership, the two sides reaffirmed their commitment to further strengthen bilateral relations through comprehensive and structured cooperation in key areas, including political, trade, investment, defence, security, energy, culture, education, technology and people-to-people ties.
The two sides recalled the centuries-old historical ties rooted in shared history and cultural affinities. They noted with satisfaction the regular interactions at various levels which have helped in generating and sustaining the momentum in the multifaceted bilateral cooperation. Both sides emphasized on sustaining the recent momentum in high-level exchanges through regular bilateral exchanges at Ministerial and senior-official levels.
The two sides welcomed the recent establishment of a Joint Commission on Cooperation (JCC) between India and Kuwait. The JCC will be an institutional mechanism to review and monitor the entire spectrum of the bilateral relations between the two countries and will be headed by the Foreign Ministers of both countries. To further expand our bilateral cooperation across various fields, new Joint Working Groups (JWGs) have been set up in areas of trade, investments, education and skill development, science and technology, security and counter-terrorism, agriculture, and culture, in addition to the existing JWGs on Health, Manpower and Hydrocarbons. Both sides emphasized on convening the meetings of the JCC and the JWGs under it at an early date.
Both sides noted that trade has been an enduring link between the two countries and emphasized on the potential for further growth and diversification in bilateral trade. They also emphasized on the need for promoting exchange of business delegations and strengthening institutional linkages.
Recognizing that the Indian economy is one of the fastest growing emerging major economies and acknowledging Kuwait’s significant investment capacity, both sides discussed various avenues for investments in India. The Kuwaiti side welcomed steps taken by India in making a conducive environment for foreign direct investments and foreign institutional investments, and expressed interest to explore investment opportunities in different sectors, including technology, tourism, healthcare, food-security, logistics and others. They recognized the need for closer and greater engagement between investment authorities in Kuwait with Indian institutions, companies and funds. They encouraged companies of both countries to invest and participate in infrastructure projects. They also directed the concerned authorities of both countries to fast-track and complete the ongoing negotiations on the Bilateral Investment Treaty.
Both sides discussed ways to enhance their bilateral partnership in the energy sector. While expressing satisfaction at the bilateral energy trade, they agreed that potential exists to further enhance it. They discussed avenues to transform the cooperation from a buyer-seller relationship to a comprehensive partnership with greater collaboration in upstream and downstream sectors. Both sides expressed keenness to support companies of the two countries to increase cooperation in the fields of exploration and production of oil and gas, refining, engineering services, petrochemical industries, new and renewable energy. Both sides also agreed to discuss participation by Kuwait in India’s Strategic Petroleum Reserve Programme.
Both sides agreed that defence is an important component of the strategic partnership between India and Kuwait. The two sides welcomed the signing of the MoU in the field of Defence that will provide the required framework to further strengthen bilateral defence ties, including through joint military exercises, training of defence personnel, coastal defence, maritime safety, joint development and production of defence equipment.
The two sides unequivocally condemned terrorism in all its forms and manifestations, including cross-border terrorism and called for disrupting of terrorism financing networks and safe havens, and dismantling of terror infrastructure. Expressing appreciation of their ongoing bilateral cooperation in the area of security, both sides agreed to enhance cooperation in counter-terrorism operations, information and intelligence sharing, developing and exchanging experiences, best practices and technologies, capacity building and to strengthen cooperation in law enforcement, anti-money laundering, drug-trafficking and other transnational crimes. The two sides discussed ways and means to promote cooperation in cybersecurity, including prevention of use of cyberspace for terrorism, radicalisation and for disturbing social harmony. The Indian side praised the results of the fourth high-level conference on “Enhancing International Cooperation in Combating Terrorism and Building Resilient Mechanisms for Border Security – The Kuwait Phase of the Dushanbe Process,” which was hosted by the State of Kuwait on November 4-5, 2024.
Both sides acknowledged health cooperation as one of the important pillars of bilateral ties and expressed their commitment to further strengthen collaboration in this important sector. Both sides appreciated the bilateral cooperation during the COVID- 19 pandemic. They discussed the possibility of setting up of Indian pharmaceutical manufacturing plants in Kuwait. They also expressed their intent to strengthen cooperation in the field of medical products regulation in the ongoing discussions on an MoU between the drug regulatory authorities.
The two sides expressed interest in pursuing deeper collaboration in the area of technology including emerging technologies, semiconductors and artificial intelligence. They discussed avenues to explore B2B cooperation, furthering e-Governance, and sharing best practices for facilitating industries/companies of both countries in the policies and regulation in the electronics and IT sector.
The Kuwaiti side also expressed interest in cooperation with India to ensure its food-security. Both sides discussed various avenues for collaboration including investments by Kuwaiti companies in food parks in India.
The Indian side welcomed Kuwait’s decision to become a member of the International Solar Alliance (ISA), marking a significant step towards collaboration in developing and deploying low-carbon growth trajectories and fostering sustainable energy solutions. Both sides agreed to work closely towards increasing the deployment of solar energy across the globe within ISA.
Both sides noted the recent meetings between the civil aviation authorities of both countries. The two sides discussed the increase of bilateral flight seat capacities and associated issues. They agreed to continue discussions in order to reach a mutually acceptable solution at an early date.
Appreciating the renewal of the Cultural Exchange Programme (CEP) for 2025-2029, which will facilitate greater cultural exchanges in arts, music, and literature festivals, the two sides reaffirmed their commitment on further enhancing people to people contacts and strengthening the cultural cooperation.
Both sides expressed satisfaction at the signing of the Executive Program on Cooperation in the Field of Sports for 2025-2028. which will strengthen cooperation in the area of sports including mutual exchange and visits of sportsmen, organising workshops, seminars and conferences, exchange of sports publications between both nations.
Both sides highlighted that education is an important area of cooperation including strengthening institutional linkages and exchanges between higher educational institutions of both countries. Both sides also expressed interest in collaborating on Educational Technology, exploring opportunities for online learning platforms and digital libraries to modernize educational infrastructure.
As part of the activities under the MoU between Sheikh Saud Al Nasser Al Sabah Kuwaiti Diplomatic Institute and the Sushma Swaraj Institute of Foreign Service (SSIFS), both sides welcomed the proposal to organize the Special Course for diplomats and Officers from Kuwait at SSIFS in New Delhi.
Both sides acknowledged that centuries old people-to-people ties represent a fundamental pillar of the historic India-Kuwait relationship. The Kuwaiti leadership expressed deep appreciation for the role and contribution made by the Indian community in Kuwait for the progress and development of their host country, noting that Indian citizens in Kuwait are highly respected for their peaceful and hard-working nature. Prime Minister Shri Narendra Modi conveyed his appreciation to the leadership of Kuwait for ensuring the welfare and well-being of this large and vibrant Indian community in Kuwait.
The two sides stressed upon the depth and importance of long standing and historical cooperation in the field of manpower mobility and human resources. Both sides agreed to hold regular meetings of Consular Dialogue as well as Labour and Manpower Dialogue to address issues related to expatriates, labour mobility and matters of mutual interest.
The two sides appreciated the excellent coordination between both sides in the UN and other multilateral fora. The Indian side welcomed Kuwait’s entry as ‘dialogue partner’ in SCO during India’s Presidency of Shanghai Cooperation Organisation (SCO) in 2023. The Indian side also appreciated Kuwait’s active role in the Asian Cooperation Dialogue (ACD). The Kuwaiti side highlighted the importance of making the necessary efforts to explore the possibility of transforming the ACD into a regional organisation.
Prime Minister Shri Narendra Modi congratulated His Highness the Amir on Kuwait’s assumption of the Presidency of GCC this year and expressed confidence that the growing India-GCC cooperation will be further strengthened under his visionary leadership. Both sides welcomed the outcomes of the inaugural India-GCC Joint Ministerial Meeting for Strategic Dialogue at the level of Foreign Ministers held in Riyadh on 9 September 2024. The Kuwaiti side as the current Chair of GCC assured full support for deepening of the India-GCC cooperation under the recently adopted Joint Action Plan in areas including health, trade, security, agriculture and food security, transportation, energy, culture, amongst others. Both sides also stressed the importance of early conclusion of the India-GCC Free Trade Agreement.
In the context of the UN reforms, both leaders emphasized the importance of an effective multilateral system, centered on a UN reflective of contemporary realities, as a key factor in tackling global challenges. The two sides stressed the need for the UN reforms, including of the Security Council through expansion in both categories of membership, to make it more representative, credible and effective.
The following documents were signed/exchanged during the visit, which will further deepen the multifaceted bilateral relationship as well as open avenues for newer areas of cooperation:● MoU between India and Kuwait on Cooperation in the field of Defence.
● Cultural Exchange Programme between India and Kuwait for the years 2025-2029.
● Executive Programme between India and Kuwait on Cooperation in the field of Sports for 2025-2028 between the Ministry of Youth Affairs and Sports, Government of India and Public Authority for Youth and Sports, Government of the State of Kuwait.
● Kuwait’s membership of International Solar Alliance (ISA).
Prime Minister Shri Narendra Modi thanked His Highness the Amir of the State of Kuwait for the warm hospitality accorded to him and his delegation. The visit reaffirmed the strong bonds of friendship and cooperation between India and Kuwait. The leaders expressed optimism that this renewed partnership would continue to grow, benefiting the people of both countries and contributing to regional and global stability. Prime Minister Shri Narendra Modi also invited His Highness the Amir of the State of Kuwait, Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, Crown Prince His Highness Sheikh Sabah Al-Khaled Al-Sabah Al-Hamad Al-Mubarak Al-Sabah, and His Highness Sheikh Ahmad Abdullah Al-Ahmad Al-Jaber Al-Mubarak Al-Sabah, Prime Minister of the State of Kuwait to visit India.
Union Minister Dr. Jitendra Singh to inaugurate National Workshop on Good Governance Practices on 23rd December, 2024 Dr. Jitendra Singh will release the Assessment Report of Special Campaign 4.0 for institutionalizing swachhata and reducing pendency in Government and inaugurate the exhibition on best practices by Ministries/ Departments during the Special Campaign 4.0
750 officials from Ministries/ Departments will participate in the workshop for dissemination of best practices during the Special campaign 4.0
Posted On: 22 DEC 2024 5:24PM by PIB Delhi
Dr Jitendra Singh, Union Minister of State (Independent Charge), Ministry of Science and Technology, Ministry of Earth Sciences, Minister of State in the Prime Minister’s Office, Minister of State of Personnel, Public Grievances & Pensions, Department of Atomic Energy and Department of Space, Government of India will inaugurate the National Workshop on Good Governance Practices to be held on 23rd December, 2024 at Bhim Auditorium, Dr. Ambedkar International Centre, New Delhi. He will also inaugurate the exhibition on best practices of Swachhata Campaign 4.0 curated by Ministries/ Departments and release the assessment report. The technical sessions will be addressed by Secretary MORTH, Secretary Posts, Secretary MEA, Secretary Railway Board, Director General NIC, and Director General NAI. 750 officials from all Ministries/ Departments will be participating in the workshop deliberations. This is the fourth National Workshop on Good Governance Practices convened by DARPG from 2021-2024. It has become an integral part of Sushasan Saptah (Good Governance Week) events celebrated every year from 19th December to 25th December.
The Prime Minister, Shri Narendra Modi has extended his greetings and best wishes for the success of the fourth Sushasan Saptah. The Prime Minister in his message said “Good governance holds the key to the Nation’s progress. A vital aspect is to provide a transparent, efficient and accountable administration that works for the overall welfare and betterment of people”.
The Special Campaign 4.0 for institutionalizing swachhata and reducing pendency in Government offices was conducted from October 2 – 31, 2024 in 5.97 lac offices, in which 25.19 lac files were weeded out, revenue earned from scrap disposal was Rs. 650.10 crores and 190 lac sq ft of space was freed. Cumulatively the 4 Special Campaigns earned Rs. 2364 crores of revenue from scrap disposal in the period 2021-2024. The Prime Minister in his post on X on November 10, 2024 said,
“Commendable!
By focusing on efficient management and proactive action, this effort has attained great results. It shows how collective efforts can lead to sustainable results, promoting both cleanliness and economic prudence.”
Waste to Wealth
12.5 feet tall idol of Lord Ganesh crafted with scrap material Raipur, Ministry of Railways
NSG Helicopter Model created from Waste; M/o Home Affairs
National Farmers’ Day Empowering ‘Annadatas’ for a Prosperous Nation
Posted On: 22 DEC 2024 4:57PM by PIB Delhi
Introduction
Farmers, the lifeblood of the nation and revered as ‘Annadatas’, are the foundation of India’s prosperity. Their relentless toil feeds the nation, sustains the rural economy, and ensures the strength of every household. National Farmers’ Day, observed on 23rd December, celebrates their invaluable contribution. This day marks the birth anniversary of Shri Chaudhary Charan Singh, India’s fifth Prime Minister, renowned for his deep understanding of rural issues and unwavering advocacy for farmers’ welfare. It is a moment to honour our farmers’ unwavering dedication and recognise their pivotal role in shaping the nation’s progress.
Recognising the vital role of farmers, the Government of India has introduced a suite of initiatives designed to support their socio-economic upliftment and ensure sustainable agricultural growth. These programmes, including the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), Pradhan Mantri Fasal Bima Yojana (PMFBY), and Pradhan Mantri Kisan Maandhan Yojana (PM-KMY), are aimed at providing financial security, risk mitigation, and long-term social security for farmers. By addressing both immediate challenges and long-term needs, these schemes underscore the government’s commitment to nurturing the backbone of the nation and fostering a sustainable agricultural future.
Role of Farmers in Nation-Building
India’s agricultural sector, employing nearly half of the nation’s population, remains a cornerstone of the country’s economy and a key driver of nation-building. It contributes 17.7% to the Gross Value Added (GVA) at current prices in FY 2023-24. With approximately 54.8% of the country’s 328.7 million hectares classified as agricultural land and a cropping intensity of 155.4% (as per the Land Use Statistics for 2021-22), farmers are the bedrock of this essential sector. Their role extends far beyond mere cultivation; they are the architects of rural development and nation-building, providing food security and sustaining the livelihoods of millions. Through their hard work and innovation, they play a pivotal role in shaping a resilient and prosperous India.
In 2023-24, the country achieved a record total foodgrain production of 332.2 million tonnes, surpassing the previous year’s output of 329.7 million tonnes. This remarkable growth is a testament to the resilience and unwavering dedication of Indian farmers, who have continuously strived to ensure food security for the nation. Their efforts go beyond mere crop cultivation; they are the bedrock of rural livelihoods, shaping the economic landscape of countless communities. The success of Indian agriculture is deeply intertwined with the wellbeing of these ‘Annadatas’, who embody the spirit of hard work, innovation, and sacrifice.
Key Schemes for Farmers in India
Launched over the years, these key agricultural schemes reflect the Government of India’s commitment to supporting farmers and enhancing their livelihoods. PM-KISAN, PMFBY, PM-KMY, and other initiatives like the Modified Interest Subvention Scheme (MISS), Kisan Credit Card (KCC) scheme, and Agriculture Infrastructure Fund (AIF) demonstrate a holistic approach to addressing the diverse needs of the agricultural sector. These schemes aim to provide financial assistance, insurance, affordable credit, and infrastructure development, empowering farmers with the resources needed for sustainable agricultural practices and economic security.
Here are the key schemes for farmers’ welfare in India:
Unprecedented Budget Allocation
Since 2014, the government has significantly bolstered its commitment to agriculture by substantially increasing the budget allocation. In the 2013-14 fiscal year, the Department of Agriculture and Farmers’ Welfare had a budget of Rs. 21,933.50 crore. Over the years, this allocation has been raised more than five and a half times, reaching a remarkable Rs. 1,22,528.77 crore for the fiscal year 2024-25.
This unprecedented increase reflects a strategic shift towards prioritizing the agricultural sector, addressing challenges faced by farmers, and ensuring sustainable development. The enhanced budget aims to improve rural infrastructure, promote modern farming techniques, facilitate access to credit, and provide financial support for various agricultural schemes and initiatives. Such a substantial allocation not only fosters farmer welfare but also aims to bolster agricultural productivity and rural prosperity, highlighting the government’s unwavering commitment to the growth and development of the agricultural sector.
Other Notable Initiatives
Namo Drone Didi: The Namo Drone Didi Scheme, approved for 2024-25 to 2025-26 with an outlay of ₹1,261 crore, aims to empower 15,000 Women Self-Help Groups (SHGs) by providing drones for agricultural rental services, including fertiliser and pesticide application. The scheme offers 80% Central Financial Assistance of the cost of drones, accessories, and ancillary charges, up to a maximum of ₹8 lakh. As of December 3, 2024, ₹141.41 crore has been released for Kisan drone promotion.
Soil Health Card Scheme: Launched in 2015, the Soil Health Card Scheme aims to improve soil health and promote efficient fertiliser use. Over 24.60 crore cards have been issued since launch, with 36.61 lakh generated in 2023-24. A strong laboratory network supports the scheme. In order to develop the soil fertility map, government plans to test 5 crore soil samples by 2025-26.
Formation & Promotion of 10,000 FPOs: In 2020, the government launched a scheme with a Rs. 6,865 crore budget to form and promote 10,000 Farmer Producer Organizations (FPOs). So far, 9,411 FPOs have been formed involving 26.17 lakh beneficiary farmers, aiming to enhance collective farming and improve market access.
Kisan Kavach: On 17th December, 2024, Union Minister Dr. Jitendra Singh unveiled Kisan Kavach, Bharat’s first anti-pesticide bodysuit, designed to protect farmers from the harmful effects of pesticide exposure. This groundbreaking innovation is a major step forward in ensuring farmer safety and empowers the agricultural community through science and technology. The event also marked the distribution of the first batch of Kisan Kavach suits to farmers, emphasizing the importance of safeguarding farmers.
Clean Plant Programme: The Union Cabinet approved the Clean Plant Programme (CPP) on 09.08.2024 with an outlay of Rs. 1,765.67 crore. The CPP aims to enhance the quality and productivity of horticulture crops by providing disease-free planting material, benefiting the dissemination and adoption of climate-resilient varieties with yield enhancement.
Digital Agriculture Mission: The Union Cabinet approved the Digital Agriculture Mission on 2.9.2024 with an outlay of Rs. 2,817 crore, including the central share of Rs. 1,940 crore. This mission is conceived as an umbrella scheme to support digital agriculture initiatives, including creating Digital Public Infrastructure, implementing the Digital General Crop Estimation Survey (DGCES), and other IT initiatives by the Central Government, State Governments, and academic and research institutions.
Credit Guarantee Scheme for e-NWR Based Pledge Financing (CGS-NPF): The Government of India launched the Credit Guarantee Scheme for e-NWR Based Pledge Financing (CGS-NPF) on 16 December 2024, providing a ₹1,000-crore corpus to support post-harvest financing for farmers. Under this scheme, farmers can access credit by pledging their produce stored in Warehousing Development and Regulatory Authority (WDRA) accredited warehouses, backed by electronic negotiable warehouse receipts (e-NWRs).
National Mission on Edible Oils – Oilseeds (NMEO-Oilseeds): The Union Cabinet approved the National Mission on Edible Oils – Oilseeds (NMEO-Oilseeds) on 3.10.2024 with a total outlay of Rs. 10,103 crore. The mission aims to boost domestic oilseed production and achieve self-reliance in edible oils, to be implemented over a seven-year period from 2024-25 to 2030-31.
National Mission on Natural Farming: The Union Cabinet approved the National Mission on Natural Farming (NMNF) on 25.11.2024 as a standalone Centrally Sponsored Scheme. The scheme has a total outlay of Rs. 2,481 crore (Government of India share – Rs. 1,584 crore; State share – Rs. 897 crore), focusing on promoting chemical-free, natural farming practices across the country.
Conclusion
The initiatives and schemes introduced by the Government of India are a testament to the unwavering commitment to farmers’ welfare and the sustainable growth of the agricultural sector. Through schemes like PM-KISAN, PMFBY, and the Namo Drone Didi, the government not only ensures financial security but also enhances productivity and market access for farmers. The remarkable achievements in foodgrain production, coupled with the expansion of infrastructure and digital initiatives like the Digital Agriculture Mission and the Clean Plant Programme, are setting a strong foundation for a resilient and prosperous agricultural ecosystem. As we celebrate National , it is crucial to continue these efforts, ensuring that the ‘Annadatas’ remain empowered, secure, and integral to India’s development journey.
Department of Consumer Affair’s to launch ‘Jago Grahak Jago App,’ ‘Jagriti App,’ and ‘Jagriti Dashboard” on 24th December 2024 on National Consumer Day 2024 to protect Consumers from the Dark Patterns The Apps would considerably enhance the capability of the CCPA in taking suo moto action against dark patterns.
CCPA had earlier taken suo moto cognizance of Dark Pattern adopted by e-Commerce platforms. E- Commerce platforms take corrective action after CCPA Intervention
Posted On: 22 DEC 2024 3:16PM by PIB Delhi
Department of Consumer Affairs will launch ‘Jago Grahak Jago App,’ ‘Jagriti App,’ and ‘Jagriti Dashboard” for public use on National Consumers Day 2024 i.e. 24th December, 2024.
As part of the government’s broader strategy and ongoing efforts to strengthen consumer protection in the digital era and curb unfair practices in e-commerce and online services, the Central Consumer Protection Authority notified the Guidelines for Prevention and Regulation of Dark Patterns in 2023 and specified 13 dark patterns, namely: False urgency, Basket Sneaking, Confirm shaming, forced action, Subscription trap, Interface Interference, Bait and switch, Drip Pricing, Disguised Advertisements and Nagging, Trick Wording, Saas Billing and Rogue Malwares.
CCPA had earlier issued notices to IndiGo Airlines and BookMyShow under Consumer Protection Act, 2019 for alleged Misleading Advertisement/Unfair Trade Practices in the form of deceptive design patterns/dark patterns.
It came to the notice of the Central Consumer Protection Authority (CCPA) that BookMyShow had allegedly imposed an extra charge on customers after the booking of confirmed tickets. Re. 1 per ticket was automatically added as contribution towards ‘BookASmile’ in the form of pre-tick without consent of the consumer. This amounted to ‘Basket Sneaking’ as defined under the clause (2) of Annexure 1 of Guidelines for Prevention and Regulation of Dark Patterns, 2023. After CCPA’s intervention BookMyShow addressed the issue of ‘Basket Sneaking’ by giving customers are an option to choose whether or not they wish to contribute towards BookASmile.
Based on the grievances lodged at National Consumer Helpline, the Central Consumer Protection Authority issued notice to InterGlobe Aviation Limited (IndiGo Airline) for alleged unfair trade practices / dark pattern pertaining to ‘Confirm Shaming’ on Indigo Airlines App and Lack of Transparent Communication on Seat Assignment.
After the CCPA intervention, IndiGo Airline has resolved the issue by changing the wording to “No, I will not add to the trip”, which ensures clarity and neutrality. The wordings used earlier were “No I will take risk”, which amounted to ‘confirm shaming’ which is a Dark Pattern. In another issue, the Airline was directed to address the issue with the “Skip” button on the “Selection of Seat” page and to undertake a comprehensive re-examination and redesign of their web check-in page. Accordingly, the airline addressed the issue of ‘Preferential Seating’ by modification of their website/app by providing a disclaimer on the left side of “skip button” where it is written that “You can skip preferred seat selection and complete your booking. IndiGO will auto-assign a seat prior to your travel”.
As part of its legislative intent, CCPA held several meetings with industry stakeholders and requested them to refrain from using Dark Patterns which amount to Unfair Trade Practice under the Consumer Protection Act 2019. CCPA has also focused on expanding its consumer outreach by utilizing its social media platforms through informative posts, videos and stories on dark patterns. CCPA has also trained it’s team at National Consumer Helpline to effectively address the grievances pertaining to Dark Patterns.
Department of Consumer Affairs is now also equipped with means and resources to identify dark patterns on e-commerce platforms and is soon going to empower consumers with these tools. As part of the intensive research done by students, Prince Aman and Nameet Mishra, NCC LAB, Department of Electronics Engineering, IIT(BHU), three apps have been coded, namely; ‘Jago Grahak Jago App,’ ‘Jagriti App,’ and ‘Jagriti Dashboard’. These are part of an intelligent cyber-physical system, which operates in real-time and runs on the Airawat AI Supercomputer under the National Supercomputing Mission for AI and Data Analytics. This innovative system analyses existing text and design elements on e-commerce platforms to determine whether they are being used to influence consumer psychology.
The ‘Jago Grahak Jago App,’ provides essential e-commerce information about all URLs during a consumer’s online activities, alerting them if any URL may be unsafe and requires caution. Meanwhile, the ‘Jagriti App,’ allows users to report URLs where they suspect the presence of one or more dark patterns declared illegal. These reports are then registered as complaints to the Central Consumer Protection Authority (CCPA) for possible redressal and subsequent action. Additionally, the CCPA is being strengthened with the ‘Jagriti Dashboard’ which is used to generate real-time reports on e-commerce URLs for the presence of the aforementioned dark patterns, enhancing the capability to monitor and regulate online consumer interactions effectively. This solution will aid the CCPA in identifying dark patterns, speeding up the resolution of consumer disputes and will go a long way in curbing practices that are detrimental to consumer interests.
Through above initiatives, Department endeavours to:
create a transparent and fair digital marketplace where consumers can make informed decisions without being tricked or coerced;
educate consumers about their rights;
regulate e-commerce platforms to prevent practices such as subscription traps, where consumers are unknowingly signed up for recurring payments, or misleading product offers and
Encourage companies to adopt ethical design practices that prioritize consumer rights and transparency
Keeping continuity with the Fit India Cycling Drive launched earlier this week by Union Minister of Youth Affairs and Sports, Dr. Mansukh Mandaviya, the ‘Fit India Sundays on Cycle’ initiative was flagged off this morning at the Major Dhyan Chand National Stadium here.
Besides the Hon’ble Minister, the event saw presence of over 500 riders, ranging from the Central Reserve Police Force (CRPF) and Indo-Tibetan Border Police (ITBP), Sports Authority of India campers and young gymnasts from the IG Stadium, senior officials and various cycling clubs in the national capital.
Sunday’s flag off ceremony also saw the presence of former WWE star Shanky Singh, revered for being a part of the tag team stable featuring former WWE champion Jinder Mahal. Padma Shri and Arjuna Awardee Table Tennis player Mouma Das, meanwhile, flagged off the Sundays on Cycle event in Sports Authority of India National Centre of Excellence (NCOE) Kolkata.
आज हमारे ITBP और CRPF के जवानों के साथ #SundaysOnCycle के पहले कार्यक्रम में भाग लिया।
प्रधानमंत्री श्री @NarendraModi जी के #FITIndia अभियान को आगे बढ़ाने में आज हमारे जवानों ने भी उत्साह से भाग लिया। मेरा सभी से आग्रह है की हर रविवार को आप भी साइकिलिंग करके इस मुहिम से जुड़े। pic.twitter.com/yYJUCqTZVp
Mentioning the wide impact of the Cycling Drive, Dr Mansukh Mandaviya said, “The Fit India Sundays on Cycle initiative is being held simultaneously at over 1100+ locations in India. The launch of the cycling drive earlier this week has spread the awareness of cycling exponentially.
“Cycling is the need today. The vision of Viksit Bharat needs a healthy individual, who in turn makes a healthy society and that ultimately results in a healthy nation. The benefits of cycling also uphold the message of the Fit India movement, launched by Hon’ble Prime Minister Shri Narendra Modi in 2019,” the Hon’ble Sports Minister added.
The event in the national capital saw a lot of cyclists from the CRPF and ITBP, and they expressed happiness on being a part of the initiative that promotes fitness and environment protection both.
Sh. Anish Dayal Singh, IPS, DG CRPF, mentioned, “CRPF remains committed to maintaining peak physical fitness, as a fit Force only can serve our great nation best. Cycling is good for an individual’s health and the environment. We are excited to be a part of the Fit India Sundays on Cycle campaign, spreading the message of fitness and sustainability nationwide through today’s event.”
Former WWE pro wrestler Shanky Singh, who is currently trying out in Indie wrestling circuits across the globe, said, “Wherever I will go internationally from now on, I shall promote cycling, offline as well as on social media. I got a different type of energy being at the Fit India Sundays on Cycle event. I want more people to come forward to join this unique initiative started by the Hon’ble Prime Minister and Hon’ble Sports Minister.”
BYCS India Foundation, a Non-profit Organizations dedicated towards making India a cycling nation, also joined in. Dr. Bhairavi Joshi, CEO BYCS India Foundation, said, “BYCS India Foundation has supported the cycling initiative under the FIT India Movement by organizing local events independently and in collaboration with local chapters of SAI for Sundays on Cycle. BYCS India Foundation believes that cycling is one of the simplest solutions to some of the world’s most complex urban challenges. The Bicycle Mayors network in India will continue the cycling advocacy work through skill building and increased access to cycling in more than 50 cities across the country.”
The ‘Fit India Sundays on Cycle’ is organized by the Ministry of Youth Affairs and Sports, in collaboration with the Cycling Federation of India (CFI) and MY Bharat. Events are simultaneously held across Sports Authority of India regional centres, National centres of excellence (NCOEs) and the Khelo India centres (KICs) across the country.
I arrived in Kuwait just two or two and a half hours ago. And ever since I set foot here, I have felt a unique sense of belonging and warmth all around. You all have come from different states of Bharat, but looking at all of you, it feels as if a mini Hindustan has come alive before me. Here, I see people from North, South, East, and West, speaking different languages and dialects. Yet, there is one common echo in everyone’s hearts, one resounding chant in everyone’s hearts – Bharat Mata ki Jai, Bharat Mata ki—Jai.
Here, there is a festive atmosphere of culture. Right now, you are preparing for Christmas and New Year. Soon, Pongal will arrive. Whether it’s Makar Sankranti, Lohri, Bihu, or many such festivals, they are not far away. I extend my heartfelt wishes to all of you for Christmas, New Year, and all the festivals celebrated in every corner of the country.
Friends,
Today, this moment is very special for me personally. After 43 years—more than four decades—a Prime Minister of Bharat has come to Kuwait. It takes just four hours for you to travel from Bharat to Kuwait, but it took a Prime Minister four decades to make this journey. Many of you have been living in Kuwait for generations. Some of you were even born here. And every year, hundreds of Indians join your community. You have added a touch of Indian flavour to Kuwaiti society, painted the canvas of Kuwait with the colours of Indian skills, and blended Bharat’s talent, technology, and tradition into the fabric of Kuwait. That is why I am here today—not just to meet you, but to celebrate your achievements.
Friends,
A little while ago, I met Indian workers and professionals working here. These friends are involved in construction work and are contributing their hard work in many other sectors as well. Members of the Indian community, as doctors, nurses, and paramedics, are a significant strength of Kuwait’s medical infrastructure. Those among you who are teachers are contributing to strengthening Kuwait’s next generation. Those of you who are engineers and architects are building the next generation of infrastructure in Kuwait.
And friends,
Whenever I speak with the leadership of Kuwait, they always praise you all immensely. The citizens of Kuwait also hold great respect for you because of your hard work, honesty, and skills. Today, Bharat is the world leader in remittances, and a significant share of the credit for this achievement goes to all of you hardworking friends. Your contribution is deeply respected by your fellow countrymen back home.
Friends,
The relationship between Bharat and Kuwait is one of civilizations, of the sea, of affection, and of trade. Bharat and Kuwait are situated on opposite shores of the Arabian Sea. It is not just diplomacy that binds us, but also the connection of hearts. Our present ties are as strong as our shared history. There was a time when pearls, dates, and magnificent breeds of horses from Kuwait were sent to Bharat, while many goods from Bharat made their way here. Indian rice, tea, spices, fabrics, and wood were regularly brought to Kuwait. The teakwood from Bharat was used to build ships on which Kuwaiti sailors undertook long voyages. The pearls of Kuwait have been as precious as diamonds to Bharat. Today, Indian jewellery is renowned worldwide, and Kuwaiti pearls have contributed to that legacy. In Gujarat, we often hear stories from our elders about how, in past centuries, there was constant travel and trade between Kuwait and Bharat. Particularly in the 19th century, Kuwaiti traders started coming to Surat. At that time, Surat was an international market for Kuwaiti pearls. Ports like Surat, Porbandar, and Veraval in Gujarat stand as witnesses to these historic connections.
Kuwaiti traders have even published numerous books in the Gujarati language. After Gujarat, Kuwaiti traders established a distinct presence in Mumbai and other markets as well. One notable example is the renowned Kuwaiti merchant Abdul Latif Al Abdul Razzak, whose book ‘How to Calculate Pearl Weight’ was published in Mumbai. Many Kuwaiti traders opened offices in Mumbai, Kolkata, Porbandar, Veraval, and Goa for their export and import businesses. Even today, many Kuwaiti families reside in Mumbai’s Mohammad Ali Street. It might surprise many to learn that 60-65 years ago, the Indian rupee was used in Kuwait just as it was in Bharat. Back then, if someone purchased something from a shop in Kuwait, Indian rupees were accepted as currency. Terms like “Rupiya,” “Paisa,” and “Aana,” which were part of Indian currency vocabulary, were very familiar to the people of Kuwait.
Friends,
Bharat was one of the first countries in the world to recognize Kuwait after its independence. That is why visiting a country and society with which we share so many memories and such deep connections in both our past and present is truly memorable for me. I am deeply grateful to the people of Kuwait and its government. I would like to especially thank His Highness The Amir for his kind invitation.
Friends,
The bond forged through culture and commerce in the past is now reaching new heights in this new century. Today, Kuwait is a very significant energy and trade partner for Bharat, and Bharat is also a major investment destination for Kuwaiti companies. I vividly recall a saying mentioned by His Highness, The Crown Prince of Kuwait, during our meeting in New York. He said, “When you are in need, India is your destination.” The citizens of Bharat and Kuwait have always stood by each other during difficult times and crises. During the Corona pandemic, both countries supported each other at every level. When Bharat needed help the most, Kuwait supplied liquid oxygen to us. His Highness, The Crown Prince, personally stepped forward to inspire everyone to work swiftly. I am satisfied that Bharat, too, extended its support by sending vaccines and medical teams to help Kuwait fight the crisis. Bharat kept its ports open to ensure there were no shortages of essential food supplies for Kuwait and its surrounding regions. In June of this year, a heart-breaking incident occurred here in Kuwait—the fire tragedy in Mangaf—which claimed the lives of many Indians. When I heard this news, I was deeply concerned. However, the way the Kuwaiti government extended its support during that time was like that of a true brother. I salute Kuwait’s spirit and compassion.
Friends,
This tradition of standing by each other in both happiness and sorrow forms the foundation of our mutual relationship and trust. In the coming decades, we will become even greater partners in prosperity. Our goals are not very different. The people of Kuwait are working towards building New Kuwait, and the people of Bharat are also dedicated to making the country a developed nation by 2047. Kuwait aims to become a dynamic economy through trade and innovation, and Bharat, too, is focusing on innovation and continuously strengthening its economy. These two goals complement each other. The innovation, skills, technology, and manpower required for the creation of New Kuwait are all available in Bharat. Bharat’s start-ups, ranging from fintech to healthcare, smart cities to green technologies, can provide cutting-edge solutions for every need of Kuwait. Bharat’s skilled youth can also add new strength to Kuwait’s future journey.
Friends,
Bharat has the potential to become the world’s skill capital. Bharat will remain the youngest country in the world for many decades to come. In this context, Bharat has the capacity to meet the global demand for skills. To achieve this, Bharat is focusing on skill development and skill upgrading for its youth, in line with global needs. In recent years, Bharat has signed migration and employment agreements with nearly two dozen countries, including Gulf nations, Japan, Australia, France, Germany, Mauritius, the UK, and Italy. Countries around the world are also opening their doors to Bharat’s skilled manpower.
Friends,
Many agreements are being made with different countries to ensure the welfare and facilities of Indians working abroad. You may be familiar with the e-Migrate portal. Foreign companies and registered agents have been brought onto a single platform through this portal. This makes it easy to identify where there is a demand for manpower, what type of manpower is needed, and which company requires it. Thanks to this portal, millions of workers have come to Gulf countries in the past 4-5 years. Every such initiative has a single goal—to ensure that the talent from Bharat contributes to the world’s progress and that those who go abroad for work always have the necessary support. You all in Kuwait will also benefit greatly from Bharat’s efforts in this regard.
Friends,
Wherever we live in the world, we respect the country we are in, and we feel immense joy in seeing Bharat reach new heights. You all came from Bharat, lived here, yet you have preserved your Indian identity in your hearts. Now, tell me, which Indian wouldn’t feel proud of the success of Mangalyaan? Which Indian wouldn’t have been overjoyed by the landing of Chandrayaan on the moon? Am I not right? Today, Bharat is advancing with a new spirit. Bharat is now the world’s fifth-largest economy. It is home to the world’s number one fintech ecosystem. Bharat also boasts the world’s third-largest start-up ecosystem and is the second-largest mobile phone manufacturer in the world.
Let me share a statistic with you, and I’m sure you will be pleased to hear it. In the past 10 years, the length of optical fiber laid across Bharat is eight times greater than the distance between the Earth and the Moon. Today, Bharat is one of the most digitally connected countries in the world. Every Indian is using digital tools from small towns to villages. Smart digital systems in Bharat are no longer a luxury; they are now a part of the everyday life of the common man. Whether it’s enjoying a cup of tea, buying fruits on the street, or making digital payments, Bharat has embraced digital convenience. Ordering groceries, food, fruits, vegetables, or everyday household items is now done in a matter of moments, and payments are made via mobile phones. People have DigiLocker for storing documents, DigiYatra for seamless travel at airports, and FASTag to save time at toll booths. Bharat is becoming increasingly digitally smart, and this is just the beginning. The future of Bharat lies in innovations that will set the direction for the entire world. The future Bharat will be the hub of global development, the growth engine of the world. The time is not far when Bharat will become the hub of Green Energy, Pharma, Electronics, Automobiles, Semiconductors, Legal, Insurance, Contracting, and Commercial sectors. You will see the major economic centres of the world establishing themselves in Bharat. Bharat will emerge as a massive hub for Global Capability Centres, Global Technology Centres and Global Engineering Centres.
Friends,
We consider the entire world to be one family. Bharat is moving forward as a ‘Vishwa Bandhu’ (global friend), thinking of the world’s welfare. The world, too, is acknowledging this spirit of Bharat. Today, on December 21, 2024, the world is celebrating its first World Meditation Day, dedicated to Bharat’s thousands of years of meditation tradition. Since 2015, the world has been celebrating International Yoga Day on June 21, also dedicated to Bharat’s yoga tradition. In 2023, the world celebrated the International Year of Millets, which was made possible through Bharat’s efforts and proposal. Today, Bharat’s yoga is uniting every region of the world. Bharat’s traditional medicine, our Ayurveda, and our Ayush products are enriching global wellness. Our superfoods, millets, and Shri Anna are becoming a major foundation for nutrition and a healthy lifestyle. From Nalanda to the IITs, Bharat’s knowledge system is strengthening the global knowledge ecosystem. Today, Bharat is also becoming a key link in global connectivity. During the G-20 summit held in Bharat last year, the announcement of the India-Middle East-Europe Corridor was made. This corridor is set to provide a new direction for the future of the world.
Friends,
The journey of a ‘Viksit Bharat’ (Developed India) is incomplete without your support and the participation of the Indian diaspora. I invite you all to join the resolve for a ‘Viksit Bharat’. The first month of the new year, January 2025, will be a month of many national celebrations. From January 8 to 10 this year, the Pravasi Bharatiya Divas will be held in Bhubaneswar, with people from all over the world coming together. I invite you all to be a part of this event. On this journey, you can take blessings from Lord Jagannath in Puri. After that, do visit Prayagraj to take part in the Maha Kumbh Mela, which will be held from January 13 to February 26, lasting for about a month and a half. Make sure to return after watching the Republic Day celebrations on January 26. And yes, bring your Kuwaiti friends to Bharat, show them around, and let them experience Bharat. There was a time when Dilip Kumar Saheb inaugurated the first Indian restaurant here. The real taste of Bharat can only be experienced there. So, make sure to prepare your Kuwaiti friends for this experience.
Friends,
I know that all of you are very excited about the Arabian Gulf Cup that is starting today. You are eager to cheer for the Kuwait team. I am grateful to His Highness, The Amir, for inviting me as the Guest of Honour for the opening ceremony. This reflects the immense respect that the royal family, the government of Kuwait, have for all of you and Bharat. I hope that you continue to strengthen the Bharat-Kuwait relationship in this way. With this wish, once again, a heartfelt thank you to all of you!
Bharat Mata ki—Jai!
Bharat Mata ki—Jai!
Bharat Mata ki—Jai!
Thank you very much.
DISCLAIMER: This is the approximate translation of the PM’s speech. Original speech was delivered
Recommendations of the 55th Meeting of the GST Council GST Council recommends reduction in GST rate on Fortified Rice Kernel (FRK), classifiable under 1904, to 5%
GST council also recommends to fully exempt GST on gene therapy
GST Council recommends exemption of GST on contributions by general insurance companies from third-party motor vehicle premiums for Motor Vehicle Accident Fund
GST Council recommends no GST on transaction of vouchers as they are neither supply of goods nor supply of services. The provisions related to vouchers is also being simplified.
GST Council clarifies that no GST is payable on ‘penal charges’ levied and collected by banks and NBFCs from borrowers for non-compliance with loan terms
GST Council recommends reduction of payment of pre-deposit for filing an appeal before the Appellate Authority in respect of an order passed which involves only penalty amount
Posted On: 21 DEC 2024 8:23PM by PIB Delhi
Jaisalmer, Rajasthan, 21 st December 2024
The 55th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in Jaisalmer, Rajasthan, today.
The meeting was also attended by Union Minister of State for Finance Shri Pankaj Chaudhary, Chief Ministers of Goa, Haryana, Jammu and Kashmir, Meghalaya and Odisha; Deputy Chief Ministers of Arunachal Pradesh, Bihar, Madhya Pradesh, and Telangana; besides Finance Ministers of States & UTs (with legislature) and senior officers of the Ministry of Finance & States/ UTs.
The GST Councilinter-aliamade the following recommendations relating to changes in GST tax rates, provide relief to individuals,measures for facilitation of trade and measures for streamlining compliances in GST.
A. Changes in GST rates of goods
GOODS
1. To reduce the GST rate on Fortified Rice Kernel (FRK), classifiable under 1904, to 5%.
2. To exempt GST on gene therapy.
3. To extend IGST exemption to systems, sub-systems, equipment, parts, sub-parts, tools, test equipment, software meant assembly/manufacture of LRSAM system under Notification 19/2019-Customs.
4. To reduce the rate of Compensation Cess to 0.1% on supplies to merchant exporters at par with GST rate on such supplies.
5. To exempt from IGST imports of all equipment and consumable samples by Inspection Team of the International Atomic Energy Agency (IAEA) subject to specified conditions.
6.To extend the concessional 5% GST rate on food inputs of food preparations under HSN 19 or 21 that are supplied for food preparations intended for free distribution to economically weaker sections under a government program subject to the existing conditions.
SERVICES
To bring supply of the sponsorship services provided by the body corporates under Forward Charge Mechanism.
To exempt GST on the contributions made by general insurance companies from the third-party motor vehicle premiums collected by them to the Motor Vehicle Accident Fund, constituted under section 164B of the Motor Vehicles Act, 1988. This fund is constituted for providing compensation/ cashless treatment to the victims of road accidents including hit and run cases.
To omit the definition of declared tariff and suitably amend the definition of specified premises (from the services rate and exemption notifications) to link it with actual value of supply of any unit of accommodation provided by the hotel and to make the rate of GST applicable on restaurant services in such hotels, for a given financial year, dependent upon the ‘value of supply’ of units of accommodation made in the preceding financial year, i.e. 18% with ITC if the ‘value of supply’ exceeded Rs. 7,500 for any unit of accommodation in the preceding financial year, and 5% without ITC otherwise. Further, to give an option to pay tax on restaurant service in hotels at the rate of 18% with ITC, if the hotel so chooses, by giving a declaration to that effect on or before the beginning of the financial year or on obtaining registration.The above changes to be made effective from 01.04.2025 to avoid any transition difficulties.
To exclude taxpayers registered under composition levy scheme from the entry at Sr. No. 5AB introduced vide Notification No. 09/2024-CTR dated 08.10.2024 vide which renting of any commercial/ immovable property (other than residential dwelling) by unregistered person to registered person was brought under reverse charge mechanism. Further, to regularize the period from the date when the notification No. 09/2024-CTR dated 08.10.2024, became effective i.e. from 10.10.2024 till the date of issuance of the proposed notification on “as is where is” basis.
Other changes relating to goods and services
1. To increase the GST rate from 12% to 18 % on sale of all old and used vehicles, including EVs other than those specified at 18% –Sale of old and used petrol vehicles of engine capacity of 1200 cc or more & of length of 4000 mm or more; diesel vehicles of engine capacity of 1500 cc or more & of length of 4000 mm and SUVs.[Note: GST is applicable only on the Value that represents Margin of the Supplier, that is, the difference between the Purchase price and Selling price (depreciated value if depreciation is claimed) and not on the value of the vehicle. Also, it is not applicable in case of unregistered persons.]
2. To clarify that Autoclaved Aerated Concrete (ACC) blocks containing more than 50% fly ash content will fall under HS 6815 and attract 12% GST.
3. To clarify that pepper whether fresh green or dried pepper and raisins when supplied by an agriculturist is not liable to GST.
4. To amend the definition of ‘pre-packaged and labelled’ to cover all commodities that are intended for retail sale and containing not more than 25 kg or 25 litre, which are ‘pre-packed’ as defined under the Legal Metrology Act, or a label affixed thereto is required to bear the declarations under the provisions of the Act and rules.
5. To clarify that ready to eat popcorn which is mixed with salt and spices are classifiable under HS 2106 90 99 and attracts 5% GST if supplied as other than pre-packaged and labelled and 12% GST if supplied as pre-packaged and labelled. However, when popcorn is mixed with sugar thereby changing its character to sugar confectionary (eg caramel popcorn), it would be classifiable under HS 1704 90 90 and attract 18% GST. It has been decided to regularise the issues for the past on “as is where is” basis.(Note: There is no new imposition of any tax in this regard and is merely a clarification as certain field units were demanding different tax rates on the same. Therefore, it is a clarification being recommended by the GST Council to settle the disputes arising out of interpretation.)
6. To clarify that the Explanation in Sl. No. 52B in notification No. 1/2017- Compensation Cess (Rate) dated 28.6.2017 regarding ground clearance is applicable with effect from 26.07.2023.
7. To clarify that RBI regulated Payment Aggregators are eligible for the exemption under entry at Sl. No. 34 of notification No. 12/2017-CT(R) dated 28.06.2017 since they fall within the ambit of ‘acquiring bank’ as defined in the said entry. To also clarify that this exemption does not cover payment gateway (PG) and other fintech services which do not involve settlement of funds.
8. To clarify that no GST is payable on the ‘penal charges’ levied and collected by banks and NBFCs from borrowers for non-compliance with loan terms.
B. MEASURES FOR FACILITATION OF TRADE
1. Amendment in Schedule III of CGST Act, 2017
To insertclause (aa) in paragraph 8 of Schedule III of the CGST Act, 2017w.e.f.01.07.2017, to explicitly provide that supply of goods warehoused in a Special Economic Zone (SEZ) or Free Trade Warehousing Zone (FTWZ) to any person before clearance of such goods for exports or to the Domestic Tariff Area, shall be treated neither as supply of goods nor as supply of services.
This brings transactions relating to supply of goods warehoused in SEZ/FTWZ at par with the existing provision in GST for transactions in Customs bonded warehouse.
2. Issues pertaining to taxability of Vouchers
In a significant move to address long-standing concerns regarding the taxability of vouchers under GST, the GST Council made the following recommendations:
To omit sections 12(4) and 13(4) from CGST Act, 2017 and rule 32(6) from CGST Rules, 2017 to resolve ambiguities in the treatment of vouchers.
To issue clarification on the following issues:
Transactions in vouchers shall be treated neither as a supply of goods nor as a supply of services.
Distribution of vouchers on principal-to-principal basis shall not be subject to GST. However, where vouchers are distributed on principal-to-agent basis, the commission/fee or any other amount charged by the agent for such distribution is taxable under GST.
Additional services such as advertisement, co-branding, marketing and promotion, customization and technology support, customer support etc. related to vouchers would be leviable to GST on the amount paid for these services.
Unredeemed vouchers (breakage) would not be considered as supply under GST and no GST is payable on income booked in the accounts in respect of breakage.
3. Issuance of clarifications through the circulars to remove ambiguity and legal disputes in certain issues.
To issue circulars to provide clarity in the following issues due to varied interpretations by the field formations:
Clarification regarding requirement of reversal of Input Tax Credit by electronic commerce operators in respect of supplies made under section 9(5) of CGST Act, 2017: The GST Council recommended that no proportional reversal of ITC under section 17 (1) or section 17 (2) of CGST Act, 2017 is required to be made by the ECO in respect of supplies for which they are required to pay tax under section 9(5) of CGST Act, 2017.
Clarification on availability of Input Tax Credit as per section 16(2)(b) of CGST Act, 2017 in respect of goods which have been delivered by the supplier at his (supplier’s) place of business : The GST Council recommended to clarify that in an Ex-Works contract, where goods are delivered by the supplier to the recipient or a transporter at the supplier’s place of business, and the property in goods transfers to the recipient at that point, the goods are considered to be “received” by the recipient under section 16(2)(b) of CGST Act, 2017 and the recipient may claim Input Tax Credit (ITC) on such goods, subject to the conditions outlined in Sections 16 and 17 of the CGST Act, 2017.
Clarification regarding applicability of late fee for delay in furnishing of FORM GSTR-9Cand providing waiver of late fee on delayed furnishing of FORM GSTR-9C for the period from 2017-18 to 2022-23:
The GST Council recommended to clarify through a circular that the late fee under Section 47(2) of the CGST Act, 2017 is leviable for the delay in filing the complete annual return under Section 44 of the CGST Act, 2017, which includes both FORM GSTR-9 (Annual Return) and FORM GSTR-9C (Reconciliation Statement), where applicable.
For the annual returns pertaining to the period 2017-18 to 2022-23, the GST Council also recommended to issue notification under section 128 of CGST Act, 2017 for waiver of the amount of late fee for delayed filing of FORM GSTR-9C, which is in excess of the amount of late fee payable till the date of filing of FORM GSTR-9 for the said financial years, provided the said FORM GSTR-9C is filed on or before 31st March 2025.
C. MEASURES FOR STREAMLINING COMPLIANCES IN GST
1. Insertion of new provision for Track and Trace Mechanism
To insert an enabling provision in CGST Act, 2017 through Section 148A so as to empower the Government to enforce the Track and Trace Mechanism for specifiedevasion prone commodities.
The system shall be based on a Unique Identification Marking which shall be affixed on the said goods or the packages thereof. This will provide a legal framework for developing such a system and will help in implementation of mechanism for tracing specified commodities throughout the supply chain.
2. Clarification regarding recording of correct details of name of the State of the un-registered recipient as well as correct declaration of place of supply in respect of supply of ‘Online Services’
To clarify that in respect of supply of ‘Online Services’ such as supply of online money gaming, OIDAR services, etc. to unregistered recipients, the supplier is required to mandatorily record the name of the State of the unregistered recipient on the tax invoice and such name of State of recipient shall bedeemed to be the address on record of the recipient for the purpose of section 12(2)(b) of IGST Act, 2017 read with proviso to rule 46(f) of CGST Rules, 2017
D. OTHER MEASURES PERTAINING TO LAW & PROCEDURE
1. Amendment in section 17(5)(d) of CGSTAct, 2017
To align the provisions of section 17(5)(d) of CGST Act, 2017 with the intent of the said section, the Council has recommended amending section 17(5)(d) of CGST Act, 2017, to replace the phrase “plant or machinery” with “plant and machinery”, retrospectively, with effect from 01.07.2017, so that the said phrase may be interpreted as per the Explanation at the end of section 17 of CGST Act, 2017.
2. Amendment in section 107 and section 112 of CGST Act, 2017 to provide for payment of pre-deposit for filing an appeal in respect of an order passed which involves only penalty amount.
To amend the proviso to section 107(6) of CGST Act, 2017 providing for payment of pre-deposit at 10% instead of 25 %for filing appeals before Appellate Authority in cases involving only demand of penalty without involving the demand of tax.
To insert a new proviso to section 112(8) of CGST Act, 2017 providing for payment of pre-deposit at10%for filing appeals before Appellate Tribunalin cases involving only demand of penalty without involving the demand of tax.
3. Amendment in section 2(69) of CGST Act, 2017 to insert an Explanation regarding definitions of Local Fund and Municipal Fund: To amend clause (c) of section 2(69) of CGST Act, 2017 and to insert an Explanation under the same to provide for definitions of the terms ‘Local Fund’ and ‘Municipal Fund’ used in the said clause.
4. Amendment in provisions pertaining to Input Services Distributor (ISD) mechanism under CGST Act, 2017 and CGST Rules, 2017
Toamend Section 2(61) and Section 20(1) of the CGST Act, 2017 to explicitly include inter-state RCM transactions under the ISD mechanism by including reference to supplies subject to tax under section 5(3) and 5(4) of IGST Act, 2017 in the said provisions.
Consequentially, to amend section 20(2) of CGST Act, 2017 and rule 39(1A) of the CGST Rules, 2017.
These, amendments in CGST Act, 2017 are to be made effective from 01.04.2025.
5. Provision for grant of Temporary Identification Number by Tax Officers to persons, not liable to be registered otherwise
To insert new rule 16A in CGST Rules, 2017 to provide for a separate provision for generation of temporary identification number for persons, who are not liable to be registered under CGST Act, 2017 but are required to make any payment as per rule 87(4) of CGST Rules, 2017.
To amend Rule 87 (4) of CGST Rules, 2017 incorporating a reference to the new Rule and consequential modification of FORM GST REG-12.
6.Amendment in the field ‘category of registered person’ for taxpayers who opted for composition levy through FORM CMP-02
Toamend sub-rule (1) of rule 19 of CGST Rules, 2017 to include reference to FORM GST CMP-02 in the said rule toallow thetaxpayers to modify their “category of registered person” in Table 5 of FORM GST CMP-02throughFORM GST REG-14.
Amendment in CGST Act, 2017 and CGST Rules, 2017 in respect of functionality of Invoice Management System (IMS)
The GST Council recommended inter-alia-
To amend section 38 of CGST Act, 2017 and rule 60 of CGST Rules, 2017 to provide a legal framework in respect of generation of FORM GSTR-2B based on the action taken by the taxpayers on the Invoice Management System (IMS).
To amend section 34(2) of CGST Act, 2017, to specifically provide for requirement of reversal of input tax credit as is attributable to a credit note, by the recipient, to enable the reduction of output tax liability of the supplier.
To insert a new rule 67B in CGST Rules, 2017, to prescribe the manner in which the output tax liability of the supplier shall be adjusted against the credit note issued by him.
To amend section 39 (1) of CGST Act, 2017 and rule 61 of CGST Rules, 2017 to provide that FORM GSTR-3B of a tax period shall be allowed to be filed only after FORM GSTR-2B of the said tax period is made available on the portal.
E. OTHER MEASURES:
The GST Council approved the recommendation of the committee of officers suggesting measures for the various issues raised by the States in respect of issues pertaining to IGST settlement and asked the committee to conclude the desired changes by March, 2025.
The GST Council took note of the procedural rules proposed for the internal functioning of the GSTAT, which would be notified after examination by the Law Committee. This would help in operationalization of the GSTAT.
The Council also decided to extend the time frame for the Group of Ministers on the restructuring of the GST Compensation till 30th June, 2025.
On the request of State of Andhra Pradesh the Council recommended that a Group of Ministers be constituted to examine the legal and structural issues, and recommend a uniform policy on imposition of levy in case of a natural disaster/calamity in the State.
The issue of whether charges collected by municipalities for granting FSI including additional FSI, chargeable to GST on reverse charge basis was brought up in the Council. The matter was deferred for further examination on the behest of the Central Government on the ground that this amount relates to Municipalities or local authority.
Note:The recommendations of the GST Council have been presented in this release containing major item of decisions in simple language for information of the stakeholders. The same would be given effect through the relevant circulars/ notifications/ law amendments which alone shall have the force of law.
African Development Bank President Dr. Akinwumi Adesina painted a compelling picture of the potential of Africa’s agricultural and energy transition during a plenary session at the Africa Investment Forum 2024 Market Days, highlighting the deepening Japan-Africa partnership, emphasizing how Japanese technology and innovation could help unlock them.
He spoke on 9 December as part of two panel discussions on Africa’s agriculture and energy transition, that brought together 100 Japanese investors, showcased how digital solutions , innovative technologies and business models are transforming Africa’s business landscape.
“Agriculture is the place to be,” declared Dr. Adesina, highlighting Africa’s possession of 65% of the world’s remaining arable land. “You may like oil and gas, that’s fine. But nobody drinks oil, and nobody smokes gas. But everybody eats food three times a day.” With the global food and agricultural market in Africa projected to reach $1 trillion by 2030, the continent presents unprecedented opportunities for investment and innovation.
Digital Revolution in Agriculture
Space Shift Inc. demonstrated their groundbreaking use of satellite technology for crop monitoring in Nigeria. Chief Business Officer Tamao Tada presented how their AI-powered system combines optical and radar satellite data to provide continuous monitoring of crop growth, harvest timing predictions, and historical farming activity records – even through cloud cover. This technology is enhancing credit scoring for farmers and improving agricultural decision-making.
AAIC Partners Africa Limited, through Director Hiroki Ishida, shared their success story in Rwanda and Tanzania, where they’ve implemented smart agriculture projects covering 1,700 hectares. Their work demonstrates how Japanese technology can transform large-scale agricultural operations in Africa through IoT solutions and satellite technology optimization.
VunaPay’s COO, Koya Matsuno, addressed one of agriculture’s most pressing challenges through their digital platform that enables instant payments to farmers upon produce delivery. “Imagine working hard for a month and your boss tells you that you’re not going to get paid for another six months,” Matsuno illustrated, highlighting how their solution is transforming agricultural finance.
Green Carbon Inc.’s Manager, Ryo Harada, introduced innovative approaches to generating carbon credits in agriculture. Their projects, including biochar and alternate wetting and drying (AWD) in rice fields, can reduce methane emissions by 30-50% while generating valuable carbon credits for farmers.
Strategic Partnership Framework
The Japan International Cooperation Agency (JICA), represented by Jin Wakabayashi, Deputy Director General for Private Sector Investment Finance, outlined their comprehensive support for agricultural development, emphasizing three key pillars for private finance window: Climate-resilient agriculture; Food security enhancement and financial inclusion facilitation.
The African Development Bank’s Director of Private Sector Operations, Richard Ofori-Mante, highlighted successful collaborations with Japanese institutions, including a $600 million of the Enhanced Private Sector Assistance for Africa (EPSA) facility with JICA and ongoing partnerships with major Japanese corporations like Mitsubishi.
“What I see here is what Executive Director Nomoto and I envisioned,” reflected Dr. Adesina, describing the creation of a comprehensive ecosystem supporting Japanese investment in African agriculture. This ecosystem spans agricultural technology and innovation; infrastructure development; financial services; private equity and venture capital and government support mechanisms.
The Bank’s collaboration with MasterCard on the Community Pass program, aiming to provide 100 million African farmers with digital access to financial services and agricultural information, exemplifies this ecosystem approach.
Green Transition and Digital Solutions
Uncovered Fund specializes in supporting start-ups in Africa, including climate technology company and electric vehicle (EV) battery service provider, through their funds to support net zero in the continent. “Not just financing, the Uncovered Fund also provides Japanese technology to the start-ups”, explained Mr. Takuma Terakubo, CEO & General Partner.
Hitachi Energy is also working towards clean energy transition and carbon neutral. Through its technologies and partnerships, Hitachi is implementing infrastructure projects which deliver reliable renewable energy to cities and rural areas, contributing to electrification of Africa. Mr. Bekim Tahiri, Executive & Global Sales Manager, emphasizes the importance of digitalization to make all the information visible to identify any issues to maintain their power supply and critically of investing into the Electrical Grid to successfully integrate clean energy whilst supporting access to power for the African continent.
Mizuho, one of the global systemically important banks, has been a bridge between Africa and Asia through strong partnerships with African financial institutions. In his presentation, Mr. Junaid Belo-Osagie, Executive Director, focused on two sectors: hydrogen and clean cooking. “In terms of clean cooking, four in five Africans are exposed to harmful gases, and only 4 billion USD are required to move towards clean cooking scenario”, he added.
The mission of the Japan Organization for Metals and Energy Security (JOGMEC) is to ensure a stable and affordable supply of energy and mineral resources. Ms. Yuri Uchida, Deputy General Manager of JOGMEC, underscored that in terms of hydrogen and ammonia sector, JOGMEC has a support system that focuses on the price gap, where they try to promote low-carbon hydrogen society.
Nippon Export and Investment Insurance’s (NEXI) business in Africa has been growing in the past 20 years at an annual growth rate of 18%. Mr. Yuichiro Akita, General Manager, illustrated several cases including two wind power projects in Egypt and one solar power project in Kenya, where they underwrote insurances to facilitate green energy transition. “We have projects pipeline worth 5 billion USD in the coming years”, Mr. Akita emphasized.
Catalyzing Action
Ken Shibusawa, Vice-chairperson of Africa Project Team, Keizai Doyukai (Japan Association of Corporate Executives), brought urgency to the discussions. Moderator of the second session, he challenged his Japanese peers to move from interest to action, emphasizing that beyond the commonly discussed “cost of inaction” in sustainability, there was another critical cost: Japan’s missed opportunities in Africa. “In Japan, we have the technology, we have the people, we have the money, but what we lack is the Action,” Shibusawa noted, urging Japanese businesses to realize the cost they’re paying for future generations by not acting in Africa.
Japan’s Long-term Commitment to Africa
In closing remarks, Deputy Vice Minister of Finance of Japan, Daiho Fujii, underscored Japan’s long-standing commitment to African development, dating back to the country’s first participation in the African Development Fund in 1973. He highlighted Japan’s pioneering role in private sector mobilization, notably through the establishment of the EPSA at the Bank in 2006, which has provided around $9 billion to date.
“Africa undoubtedly has huge potential to attain high growth, create jobs and build a solid economic structure for future generations,” Fujii emphasized. He particularly noted how the day’s focus on agricultural innovation and green growth addresses critical development challenges while respecting African ownership of its development path.
The Deputy Vice Minister stressed that “it is time for us to co-create innovative solutions together with Africa,” highlighting how Japanese solutions and innovative business models presented during the session could be “real game-changers” in addressing the continent’s challenges and unleashing its potential.
Looking ahead to TICAD 9
With Japan’s upcoming Tokyo International Conference on African Development (TICAD 9), set to take place in Yokohama in August 2025, and the African Development Fund’s 17th replenishment negotiations on the horizon, the partnership between Japan and Africa in agricultural innovation and green growth is poised for further expansion. This momentum is evidenced by Executive Director Takaaki Nomoto’s successful mobilization of 100 Japanese participants for the Forum, up from 80 investors last year.
Looking toward TICAD 9, Deputy Vice Minister Fujii reaffirmed Japan’s commitment: “Japan respects African ownership and will continue to encourage sustainable development driven by Africa… I believe if we work together, we can see an Africa where all people enjoy healthy and productive lives.”
The convergence of Japanese technology, investment, and Africa’s agricultural and energy transition potentials is creating unprecedented opportunities for sustainable development and food and energy security, marking a new chapter in Japan-Africa relations.
Headline: 【Global News】#PanasonicForTheWorld Campaign Creating Awareness Around Environment Social Governance (ESG) Efforts to Encourage a Sustainable Tomorrow
New Delhi, India – Panasonic Life Solutions India (PLSIND) – Environmental, Social, and Governance (ESG) principles lie at the heart of Panasonic’s mission, shaping the way we do business and leaving a meaningful legacy. The #PanasonicForTheWorld campaign intends to raise awareness about ESG by showcasing the breadth of efforts that Panasonic in India is making, thereby strengthening its commitment further to make a larger impact in this space and encouraging others to drive towards a sustainable future.
The campaign was kickstarted on social media channels of Panasonic Life Solutions India (PLSIND) on World Environment Day—it started with a focus on efforts around Environment, followed by Social and Governance.
Here are some highlights of the ESG efforts that were showcased as part of the #PanasonicForTheWorld campaign:
Environmental Commitments: Toward a Net Zero Future
As part of Panasonic Green Impact, Panasonic has undertaken a goal to reduce over 300 million tons of CO2 emissions by 2050. Initiatives such as the “Push for Change” campaign, powered by Generative AI, illustrated the dire consequences of inaction, encouraging individuals to pledge for sustainability. Each pledge led to tangible actions, such as planting trees. Further, group companies of Panasonic in India are making strides towards a greener tomorrow through campaigns such as Diwali Wali Safai, Tree plantation/eco-restoration projects, Harit Umang (Joy of Green) program, distribution of solar kits/lanterns, to name a few.
Social Commitments: Empowering the Next Generation
With an aim to nurture talent and create opportunities for underprivileged communities, initiatives like the Navjeevan School provide free education to over 110 underprivileged children, the Evening Learning Centre has helped 62 students prepare for 10th-grade exams. The Ratti Chhatr Scholarship has supported 240 students in completing their education at premier institutes like IITs. The campaign also focused on other projects that supported communities with better sanitation and hygiene.
Leading with Transparency
Panasonic is committed to high benchmarks in ethical business practices. The campaign focused on the following priorities:
Transparent, consent-based data collection.
Enhanced data security measures to prevent breaches.
Grievance redressal mechanisms to ensure employees and stakeholders have a voice.
These practices, to name a few, not only enhance trust but also inspire the broader industry to adopt similar standards.
#PanasonicForTheWorld campaign was well received and organically received over 3 million impressions, 7.3K engagements, and heartfelt positive reaction from more than 4,000 individuals. Further, by collaborating with relevant sustainability influencers, the campaign reached 110,323 people including key influential voices and key opinion leaders, igniting meaningful conversations and positive support for the efforts. Key media publications also covered this campaign.
Together, let us drive transformative change and shape a greener, more inclusive future for generations to come.
President Lai attends 2024 Presidential Hackathon awards ceremony 2024-12-22
On the afternoon of December 22, President Lai Ching-te attended the 2024 Presidential Hackathon awards ceremony. In remarks, President Lai praised the winning teams for proposing innovative solutions in the areas of health promotion and digital and net-zero development. The president also stated that in these challenging and rapidly changing times, the Presidential Hackathon exemplifies collaboration between the government and civil society, breaking through conceptual limitations to implement government innovations that respond to people’s needs and resolve various social problems. If we all work together, he said, the nation can look forward to a better, more advanced, and more prosperous future. Upon arrival, President Lai first took in presentations by outstanding domestic and international hackathon teams on their proposals, and then delivered remarks. A translation of President Lai’s remarks follows: With the support of former President Tsai Ing-wen, the Presidential Hackathon was officially launched in 2018 during my tenure as premier. I am delighted to see that it has become a thriving platform for cross-sector collaboration between the government and civil society. Now in its seventh year, the hackathon has since its inception selected a total of 35 domestic and 12 international outstanding teams. Their achievements are truly remarkable, and I want to thank everyone for their efforts. This year, the theme of the domestic track is “Aging Together in Good Health.” With Taiwan becoming a “super-aged society” and our National Health Insurance reaching its 30th anniversary next year, we hope that your collective wisdom will help us jointly achieve the vision of Healthy Taiwan. Let me congratulate the five outstanding teams in the domestic track. The first team is Drone for Life. Their aim is to use drones to set up a transportation network that covers remote areas to promote an equitable distribution of medical resources, which is extremely important for rural healthcare. The second team is Quiet Tracker. They want to improve noise management processes and create a noise suitability indicator map database for Taiwan, taking domestic quality of life to the next level. The third team is Greens Plus. Their goal is to develop an AI-enabled agricultural identification platform to alleviate water shortage concerns and improve the quantity and quality of agricultural products for farmers, treating every drop of water as a precious resource. The fourth team is CONNECT 10. Their proposal will enhance care services in remote areas to improve the quality of life for recipients, and I am confident that this will make the government’s Long-term Care 3.0 Plan more complete. And the fifth team is Tranquil Aging Master. They want to use a communication platform centered on the elderly to connect care teams, seniors, and their families to create a new model of holistic health care. If this proposal can be implemented, human dignity will be given greater importance, which is good for everyone. The theme of this year’s international track is Digital and Green: Next-Generation Public Infrastructure. By integrating digital technology with net-zero, sustainable solutions, we want to promote the digital and net-zero twin transformation, lay a more sustainable foundation for Taiwan’s future generations, and achieve the goal of a smarter, more sustainable new Taiwan. I was pleased to see that this year’s international track received a record-breaking 77 team proposals. Here, I would like to congratulate the two winning international outstanding teams. The first team is GreenhopeBCTW. With members from the United States and Taiwan, the group hopes to use personal carbon wallets to turn environmental actions into assets and encourage more people to cut emissions. The second team is MooApps, whose three members are all from Indonesia. They have proposed an innovative digital monitoring system to help livestock farmers improve animal health and reduce herd mortality rates. I am confident that having a constant understanding of physical health conditions – not just for animals but for people as well – can be a powerful aid to individual health. Once again, I would like to thank all the outstanding teams for their hard work in proposing innovative solutions in the areas of health promotion and digital and net-zero development. In these challenging and rapidly changing times, the Presidential Hackathon exemplifies collaboration between the government and civil society, breaking through conceptual limitations to implement government innovations that respond to people’s needs and resolve various social problems. In closing, congratulations once more to all the outstanding teams. In your contributions, I can see the limitless potential for Taiwan. If we all work together, our nation can look forward to a better, more advanced, and more prosperous future. President Lai then presented trophies and certificates to the winning teams in both the domestic and international tracks. Also in attendance at the event were American Institute in Taiwan Taipei Office Director Raymond Greene and Indonesian Economic and Trade Office to Taipei Representative Arif Sulistiyo.
World leaders have gathered for the World Economic Forum annual meeting in Davos, Switzerland. One of their main goals is to align their responses to geopolitical shocks such as floods and wildfires that hamper trade, investment and more.
The meeting also supposedly aims to find ways to stimulate economic growth to improve living standards, foster a just and inclusive energy transition, achieve security and cooperation amidst conflicts, and accelerate the economic response to an “intelligent age” of AI.
But, a new report from Oxfam International, published on the first day of the meeting in Davos, highlights how global inequality is more rampant than ever. The report, written by a team of policy campaigners and inequality research advisers outlines how billionaire wealth rose sharply in 2024 worldwide, with the pace of the increase three times faster than in 2023.
The World Economic Forum lists extreme weather as one of the top global risks. But, as world leaders convene in Davos, the high-profile anti-climate stances of some of them stand in stark opposition to any meaningful progress for climate action.
The Oxfam report highlights the exploitation involved in creating and sustaining wealth and outlines how, as inequalities deepen, vulnerable communities are disproportionately affected. The most vulnerable – overwhelmingly women, people of colour, Indigenous groups and low-wage workers – are caught in a cycle of insufficient wages, limited services and minimal political influence.
The report also highlights how wealth inequality is often intertwined with historical processes of extraction — both within countries (for example, through weak labour protections that lowers wages) and between countries (through trade, finance, and resource exploitation).
The climate connection
Other research has also shown how inequality is deeply interwoven with climate breakdown. Each crisis exacerbates the other. Historically, the richest nations – and within them, the wealthiest people – have contributed the most to greenhouse gas emissions.
Meanwhile, lower-income countries that bear little responsibility for global heating suffer the most. These countries, already burdened by debt and systemic inequality, have fewer resources to protect communities from extreme weather, crop failures and infrastructure damage. This makes day-to-day survival a struggle for billions.
When climate change exacerbates existing inequalities, marginalised communities are denied basic human rights. For instance, droughts reduce crop yields and deplete water sources, so more people — often women and children — have to ration supplies or go without. This directly infringes on their rights to food, safe drinking water and sanitation.
In these ways, without climate action, the warming planet threatens to widen inequalities by affecting the poorest people most severely. A 2020 World Bank report estimated that an additional 68 to 135 million people could be pushed into poverty by 2030 because of climate change. French researchers identified that climate change also slows down the economic catch-up of poorer countries.
The reality on the ground is bleak. Floods in Pakistan displaced thousands and affected more than 33 million people in 2023. That’s ten times more than the total population of Los Angeles where, when the recent wildfires struck, 170,000 people had to be evacuated.
Around the world, climate movements continue. Law suits that demand climate action are transforming governance. High-level negotiations like the UN’s annual climate summit carry on seeking progress, although the processes could be improved to accelerate change.
What can Davos do? World leaders need to look at how wealth and power can be redistributed (reparations for climate damages is one way to do this) and low-income, climate-vulnerable nations can be better represented in global decision-making.
Without this kind of change, there’s a risk climate action will perpetuate the same structural imbalances that first enabled environmental exploitation. Only by tackling both climate injustice and economic inequality together can the world prevent further climate disasters and ensure a more equitable future.
Don’t have time to read about climate change as much as you’d like?
Drilling completed on the second well in the Shenandoah South Pilot Project, Shenandoah S2-4H
23 December 2024 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that the Shenandoah S2-4H (“SS4H”) horizontal well was successfully drilled, cased and cemented to a measured depth of 6,452 metres (21,169 feet) in exploration permit 98 in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s (“Falcon Australia”) joint venture partner, Tamboran (B2) Pty Limited (“Tamboran B2”).
Data from the SS4H well has indicated strong gas shows and a continuation of the high-quality shale and rock properties observed in the Shenandoah South 1H and Shenandoah South 2H (“SS2H ST1”) locations with no faulting observed along the entire 3,048-metre (10,000 foot) lateral section.
The Liberty Energy (NYSE: LBRT) stimulation equipment and sand has been mobilized to location ahead of the stimulation campaign, which is planned to commence in early 1Q 2025, with IP30 flow test from both SS2H ST1 and SS4H expected to be released in 1Q 2025.
Philip O’Quigley, CEO of Falcon commented: “The completion of the SS4H well is another milestone in the development of the Beetaloo Sub-basin and we will look forward to the upcoming stimulation campaign and updating the market as operations progress.”
Ends.
CONTACT DETAILS:
Falcon Oil & Gas Ltd.
+353 1 676 8702
Philip O’Quigley, CEO
+353 87 814 7042
Anne Flynn, CFO
+353 1 676 9162
Cavendish Capital Markets Limited(NOMAD & Broker)
Neil McDonald / Adam Rae
+44 131 220 9771
This announcement has been reviewed by Dr. Gábor Bada, Falcon Oil & Gas Ltd’s Technical Advisor. Dr. Bada obtained his geology degree at the Eötvös L. University in Budapest, Hungary and his PhD at the Vrije Universiteit Amsterdam, the Netherlands. He is a member of AAPG.
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.
Falcon Oil & Gas Australia Limited is a c. 98% subsidiary of Falcon Oil & Gas Ltd.
Falcon Oil & Gas Australia Limited (Falcon Australia)
22.5%
Tamboran (B2) Pty Limited
77.5%
Total
100.0%
Shenandoah South Pilot Project -2 Drilling Space Units – 46,080 acres1
Company
Interest
Falcon Oil & Gas Australia Limited (Falcon Australia)
5.0%
Tamboran (B2) Pty Limited
95.0%
Total
100.0%
1Subject to the completion of the SS2HST1and SS4H wells on the Shenandoah South pad 2.
About Tamboran (B2) Pty Limited Tamboran (B1) Pty Limited (“Tamboran B1”) is the 100% holder of Tamboran (B2) Pty Limited, with Tamboran B1 being a 50:50 joint venture between Tamboran Resources Corporation and Daly Waters Energy, LP.
Tamboran Resources Corporation, is a natural gas company listed on the NYSE (TBN) and ASX (TBN). Tamboran is focused on playing a constructive role in the global energy transition towards a lower carbon future, by developing the significant low CO2 gas resource within the Beetaloo Basin through cutting-edge drilling and completion design technology as well as management’s experience in successfully commercialising unconventional shale in North America.
Bryan Sheffield of Daly Waters Energy, LP is a highly successful investor and has made significant returns in the US unconventional energy sector in the past. He was Founder of Parsley Energy Inc. (“PE”), an independent unconventional oil and gas producer in the Permian Basin, Texas and previously served as its Chairman and CEO. PE was acquired for over US$7 billion by Pioneer Natural Resources Company.
Advisory regarding forward-looking statements Certain information in this press release may constitute forward-looking information. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking information. Forward-looking information typically contains statements with words such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “dependent”, “consider” “potential”, “scheduled”, “forecast”, “outlook”, “budget”, “hope”, “suggest”, “support” “planned”, “approximately”, “potential” or the negative of those terms or similar words suggesting future outcomes. In particular, forward-looking information in this press release includes, but is not limited to, information relating to the drilling the SS4H well to a total measured depth of 6,452 metres, the indication of strong gas shows and a continuation of the high-quality shale and rock properties observed in the Shenandoah South 1H and SS2H ST1 locations, stimulation planned to commence in early 1Q 2025 with IP30 flow test from both SS2H ST1 and SS4H expected to be released in 1Q 2025.
This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. The risks, assumptions and other factors that could influence actual results include risks associated with fluctuations in market prices for shale gas; risks related to the exploration, development and production of shale gas reserves; general economic, market and business conditions; substantial capital requirements; uncertainties inherent in estimating quantities of reserves and resources; extent of, and cost of compliance with, government laws and regulations and the effect of changes in such laws and regulations; the need to obtain regulatory approvals before development commences; environmental risks and hazards and the cost of compliance with environmental regulations; aboriginal claims; inherent risks and hazards with operations such as mechanical or pipe failure, cratering and other dangerous conditions; potential cost overruns, drilling wells is speculative, often involving significant costs that may be more than estimated and may not result in any discoveries; variations in foreign exchange rates; competition for capital, equipment, new leases, pipeline capacity and skilled personnel; the failure of the holder of licenses, leases and permits to meet requirements of such; changes in royalty regimes; failure to accurately estimate abandonment and reclamation costs; inaccurate estimates and assumptions by management and their joint venture partners; effectiveness of internal controls; the potential lack of available drilling equipment; failure to obtain or keep key personnel; title deficiencies; geo-political risks; and risk of litigation.
Readers are cautioned that the foregoing list of important factors is not exhaustive and that these factors and risks are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Falcon assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to Falcon. Additional information identifying risks and uncertainties is contained in Falcon’s filings with the Canadian securities regulators, which filings are available at www.sedarplus.com, including under “Risk Factors” in the Annual Information Form.
Any references in this news release to initial production rates are useful in confirming the presence of hydrocarbons; however, such rates are not determinative of the rates at which such wells will continue production and decline thereafter and are not necessarily indicative of long-term performance or ultimate recovery. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production for Falcon. Such rates are based on field estimates and may be based on limited data available at this time.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This announcement contains information on transactions of the acquisition of own shares of AB Šiaulių bankas (the Bank) carried during the period specified below under the Bank’s own share buy-back programme announced on 31 October 2024.
The period during which the acquisition of the Bank’s own shares under the programme was carried out – 04.11.2024 – 20.12.2024.
Period covered by this periodic report – 16.12.2024 – 20.12.2024.
Other information:
Transaction overview
Date
Total number of shares purchased on the day ( units)
Weighted average price (EUR)
Total value of transactions (EUR)
2024.12.16
90,000
0.829
74,580.03
2024.12.17
75,000
0.828
62,115.00
2024.12.18
80,000
0.828
66,240.00
2024.12.19
75,000
0.826
61,950.03
2024.12.20
50,000
0.825
41,250.01
Total acquired during the current week
370,000
0.827
306,135.07
Total acquired during the programme period
3,010,461
0.826
2,486,973.54
The Bank’s own bought-back shares: 9,890,461 units.
Following the above transactions, the Bank will own a total of 10,260,461 units of own shares representing 1.55 % of the Bank’s issued shares.
Further detailed information on the transactions is attached.
23 December 2024 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces that BDO Canada LLP has been appointed as Falcon’s new auditor, replacing BDO LLP in the UK.
Ends.
CONTACT DETAILS:
Falcon Oil & Gas Ltd.
+353 1 676 8702
Philip O’Quigley, CEO
+353 87 814 7042
Anne Flynn, CFO
+353 1 676 9162
Cavendish Capital Markets Limited (NOMAD & Broker)
Neil McDonald / Adam Rae
+44 131 220 9771
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.
Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Falcon assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Falcon. Additional information identifying risks and uncertainties is contained in Falcon’s filings with the Canadian securities regulators, which filings are available atwww.sedarplus.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Headline: Countdown to CES 2025: Looking Ahead to Panasonic Group’s Opening Keynote and Revisiting Past Innovations
Panasonic to deliver opening keynote at CES 2025
On October 1, 2024, Yuki Kusumi, Panasonic Holdings Corporation (Panasonic HD) CEO, was joined in Tokyo by Ms. Kinsey Fabrizio, President of the Consumer Technology Association (CTA)—owner and producer of CES—to announce that Kusumi would deliver an opening keynote speech at CES 2025. The world-renowned tech event takes place in Las Vegas, Nevada from January 7–10, 2025.
Panasonic Group’s key message for CES 2025, “Well into the future,” expresses the Group’s desire to realize its vision for a better future not only through products, technologies, and services, but also through business activities that include the development of green energy technologies and circular economy practices to help address the urgency of the climate crisis.
“In our opening keynote, we will introduce cutting-edge initiatives that focus on innovative technologies to enhance the sustainability of society, as well as the health, comfort and safety of families and individuals,” said Kusumi, “and will demonstrate that the Panasonic Group is taking a new step towards realizing the future it aims for.”
The opening keynote will be the first for Panasonic since 2013.
Kusumi CEO speaking at the October 1 event
Longstanding CES Connection: 57 consecutive years as exhibitor
Panasonic has exhibited at every CES since 1967, when the first event—known then as the Consumer Electronics Show—was held in New York City. “CES is one of the most important events in our industry because it is a place where people from around the world can gather together to experience cutting-edge technology and seek inspiration,” said Kusumi.
The Group maintains a long-standing partnership with the CTA, the event’s organizer, as the two hold a shared belief in the potential of technology to realize a sustainable future and the importance of applying technology to the benefit of customers, society, and the global environment.
“Our relationship with CTA is not just that of organizer and exhibitor, but is also based on a strong desire to solve global issues using the latest innovations. Of course, this strong desire also aligns with the mission of the Panasonic Group,” said Kusumi.
At CES2025, Panasonic will continue to showcase its latest initiatives related to Artificial Intelligence, Energy/Power, Lifestyle, and Sustainability at its booth in LVCC Central Hall #16605.
Chance to share Panasonic Group goals with the world
CES caters to a global audience. In addition to attracting more than 4,300 exhibitors, CES 2024 saw a total verified attendance of 138,789 people, of whom 56,432 were from overseas. Also in attendance were 5,355 members of the media from 76 countries/regions around the globe. For the Panasonic Group, the annual event is a unique opportunity to share its goals with people around the world and gain their understanding of the strategies and innovations the organization is bringing to bear to realize a better future.
A great example of this is CES 2022, where the Panasonic Group chose to announce its global goal of reducing CO2 emissions by more than 300 million tons globally by 2050 through its long-term environmental vision Panasonic GREEN IMPACT, which sets ambitious and high-reaching targets for reducing carbon emissions.
Sustainability was the featured topic at CES 2023 and Panasonic was among the leading global companies demonstrating their contribution to the fight against climate change. This contribution began with Panasonic’s exhibition spaces: designed to use fewer and recycled materials while cutting down on waste, the booth was crafted from environmentally friendly materials such as bamboo and wheatgrass and did not use carpeting. The exhibit allowed visitors to explore the technologies and solutions Panasonic has developed that support its vision of a smart, ecological world, including hydrogen-powered factories, energy efficient consumer products, and electric mobility.
Panasonic Exhibition Booth at CES 2024
At CES 2024, Panasonic’s press conference and booth explained how the Group is positioning environmental initiatives at the center of every aspect of its business. In the first booth area, visitors could see products and solutions that are helping to move homes, businesses, and society toward a decarbonized tomorrow based on sustainable energy, including air-to-water heat pumps, electric vehicle (EV) batteries, vehicle-to-home (V2H) storage battery systems, and perovskite solar cells (PSCs). The second booth area introduced systems and services that promote the transition toward a circular business model based on reduced use of plastic, product refurbishment, and resource recycling.
“Well into the future” for CES 2025
Panasonic is now putting the finishing touches on its key message for CES 2025, “Well into the future.”
Panasonic’s legacy of social contribution continues to drive the steps it takes toward its commitment of making today better than yesterday and tomorrow better than today. Panasonic is looking forward to engaging with people from all corners of the world at CES 2025, explaining its activities and why they are meaningful, and encouraging everyone to become part of the conversation as Panasonic charts the path toward a sustainable future.
Megan Myungwon Lee, Chairwoman & CEO, Panasonic Corp. of North America and CTA member, commented: “This year marks a significant milestone in Panasonic’s 57-year journey with CES. Guided by our founding philosophy of contributing to society through innovation, our theme, ‘Well into the future’ highlights how technology can improve health, comfort, and safety while driving a more sustainable world. I invite everyone to join the livestream and experience how Panasonic is shaping the future for individuals, families and societies alike.”
From right: Megan Myungwon Lee, Chairwoman & CEO, Panasonic Corp. of North America; Yuki Kusumi, Panasonic Holdings Corporation CEO; Kinsey Fabrizio, President of CTA; and Megan Pollock, VP, Branding & Strategic Communication at Panasonic North America
Opening Keynote at CES 2025
Main Speaker: Yuki Kusumi, Group CEO, Panasonic Holdings Corporation
Venue: Palazzo Ballroom, The Venetian Resort Las Vegas
Date and Time: Tuesday, January 7, 2025 8:30–10:00 AM PST (Wednesday, January 8, 2025 1:30-3:00 AM JST)
Group Communications Bernstorffsgade 40 DK-1577 København V Tel. +45 45 14 00 00
23 December 2024
Danske Bank share buy-back programme: Transactions in week 51
On 2 February 2024, Danske Bank A/S announced a share buy-back programme for a total of DKK 5.5 billion, with a maximum of 70 million shares, in the period from 5 February 2024 to 31 January 2025, at the latest, as described in company announcement no. 2 2024.
The programme is being carried out under Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 and the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016, also referred to as the Safe Harbour Rules.
The following transactions were made under the share buy-back programme in week 51:
Number of shares
VWAP DKK
Gross value DKK
Accumulated, last announcement
24,842,951
201.8504
5,014,560,316
16/12/2024
27,000
205.9551
5,560,788
17/12/2024
150,000
203.3941
30,509,115
18/12/2024
165,317
203.5644
33,652,656
19/12/2024
235,000
200.9343
47,219,561
20/12/2024
288,472
196.0895
56,566,330
Total accumulated over week 51
865,789
200.4050
173,508,449
Total accumulated during the share buyback programme
25,708,740
201.8018
5,188,068,766
With the transactions stated above the total accumulated number of own shares under the share buy-back programme corresponds to 2.98% of Danske Bank A/S’ share capital.
We enclose share buy-back transaction data in detailed form of each transaction in accordance with the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016.
Danske Bank
Contact: Stefan Singh Kailay, Group Press Officer, tel. +45 45 14 14 00
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Summary
At around 13:09 on 27 December 2023, the 10:46 Perth to Aberdeen passenger service collided with a fallen tree approximately 1 mile (1.6 km) east of Broughty Ferry, Dundee. The train was travelling at around 84 mph (135 km/h) when the collision occurred. The train suffered significant damage to the leading driving cab. There were no physical injuries to the 37 passengers and three staff members on board the train.
The tree had fallen from Barnhill Rock Gardens, a public park owned by Dundee City Council, and was brought down by winds during Storm Gerrit. This storm had been subjecting the area to high winds and heavy rain for several hours preceding the accident. RAIB’s investigation found that the soil in which the tree was rooted had characteristics which limited the tree’s ability to resist the wind forces acting on it. In addition, three other trees at this location had been felled before May 2023, increasing the exposure of the tree which fell to winds from the Firth of Tay.
Around 12 minutes before the collision, a member of the public became aware that a tree had fallen across the railway and contacted Network Rail using the public helpline. The helpline call handler attempted to pass this information on to Network Rail’s Scotland route control on a number of occasions, but the call from the helpline call handler was not answered until after the accident. This meant that a warning about the fallen tree did not reach the driver of the train in time to prevent the accident.
The risk of trees in Barnhill Rock Gardens falling onto the railway not being effectively controlled was the factor underlying the accident. Network Rail is reliant on neighbouring landowners controlling the risk associated with visually healthy trees falling onto the railway lines from outside of the railway boundary. However, Dundee City Council did not effectively manage the risk of trees falling from its land onto the adjacent railway lines.
As a consequence of the accident, the survival space in the cab was considerably reduced. The driver only escaped serious injury by crouching behind the driving seat once they had made an emergency brake application on realising the collision was inevitable. RAIB also observed that the telephone equipment used at Scotland integrated control centre did not display missed call information.
Since this accident, Network Rail has provided helpline staff with an additional contact telephone number for use in emergencies.
Recommendations
RAIB has made three recommendations as a result of its investigation. The first of these is to Network Rail to consider how technology could assist in the detection of trees subject to altered exposure, including those trees on third-party land. The second recommendation is that Dundee City Council should review its management of the trees for which it is responsible to ensure that it is effectively controlling the risk of them falling onto the railway.
RAIB has also recommended that the Rail Safety and Standards Board’s Carmont recommendations steering group should review its response to recommendation 19 made within RAIB report 02/2022, following the investigation into the derailment of a passenger train at Carmont, Aberdeenshire on 12 August 2020.
Notes to editors
The sole purpose of RAIB investigations is to prevent future accidents and incidents and improve railway safety. RAIB does not establish blame, liability or carry out prosecutions.
RAIB operates, as far as possible, in an open and transparent manner. While our investigations are completely independent of the railway industry, we do maintain close liaison with railway companies and if we discover matters that may affect the safety of the railway, we make sure that information about them is circulated to the right people as soon as possible, and certainly long before publication of our final report.
TAINAN, Taiwan, Dec. 23, 2024 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (“Himax” or “Company”) (Nasdaq: HIMX), an industry leader in fabless display driver ICs and other semiconductors, today announced that the Company and its AI ecosystem partners will unveil a suite of innovative, production-ready AIoT applications at CES 2025, powered by Himax’s groundbreaking ultralow power WiseEye Module solutions. These designs will showcase intuitive, user-friendly AI capabilities set to transform multiple industries by improving productivity, scalability, automation, and efficiency, all while delivering better performance and lower power consumption. Himax’s ultralow power WiseEye Module solutions are leading the AIoT revolution with their advanced, efficient, and scalable AI-driven technologies.
The Himax WiseEye Module seamlessly integrates ultralow power WiseEye AI processors and proprietary always-on CMOS sensors, designed with compact form factors, high integration, and plug-and-play functionality. Characterized by remarkably low power consumption at just single-digit milliwatts, it is ideal for battery-powered endpoint devices that cater to everyday life. The WiseEye Module incorporates versatile AI models from in-house or third-party partners, enabling no-code/low-code AI development for use cases like people counting, gesture recognition, human detection, face recognition, and audio command classification. This simplifies the AI development process, reducing cost and time, allowing AI developers, even those with limited AI expertise, to easily integrate advanced AI features into their systems and applications. Given their versatility, WiseEye Modules are poised to become foundational technology for a wide range of IoT applications.
At the event, a visionary and innovative lineup of ultralow power WiseEye Module solutions will be on display, showcasing their potential to revolutionize AI-powered applications across industries.
WiseEye PalmVein Module: Offers secure, reliable contactless biometric authentication by utilizing unique vein patterns, ensuring robust security and privacy through on-device inferencing
AI Baby Cry Detection Module: Accurately detects infant and child crying even in noisy environments, enhancing child safety and enabling timely, automated caregiving
Dynamic Gesture Module: Enables intuitive human-machine interaction, supporting a wide range of static and dynamic gestures for seamless control, enhancing accessibility and convenience without the need for traditional input methods
Human Sensing Module: Provides precise and energy-efficient human presence detection, creating more responsive and convenient environments in smart homes and offices
People Flow Management Solution: Improves space optimization and operational efficiency by analyzing human movement patterns, enabling better resource planning and allocation
More compelling joint demonstrations with ecosystem partners will also be showcased at the event, including the world-first AI agent SenseCAP Watcher developed with Seeed Studio, mixed reality eye-tracking solutions with Ganzin, and AI-enabled thermal sensing modules in collaboration with leading thermal sensor partners, among others.
“Our WiseEye™ Modules are designed to drive innovation and enhance lives through advanced, seamless AI integration, all while consuming ultralow power,” said Mark Chen, Vice President of Smart Sensing Business at Himax. “At Himax, we are dedicated to advancing the future of AI vision with innovative, ultralow power, easy-to-adopt AI solutions, enabling seamless integration of advanced vision AI into diverse IoT applications that power the next generation of intelligent, connected devices, enhancing everyday life,” concluded Mark.
Himax invites all interested parties to stop by our exhibition booth at The Venetian Las Vegas Hotel (3355 Las Vegas Boulevard S, Las Vegas, Nevada, U.S.A.) Venetian Tower Suite 34-208 to experience the Company and partners’ cutting-edge WiseEye Module solutions. To schedule a meeting or booth tour, please contact Himax at: Himax_CES2025@himax.com.tw.
About Himax Technologies, Inc.
Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEyeTM Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,683 patents granted and 390 patents pending approval worldwide as of September 30, 2024.
Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2023 filed with the SEC, as may be amended.
Company Contacts:
Eric Li, Chief IR/PR Officer Himax Technologies, Inc. Tel: +886-6-505-0880 Fax: +886-2-2314-0877 Email: hx_ir@himax.com.tw www.himax.com.tw
Source: The Conversation – UK – By Christopher Holliday, Senior Lecturer in Liberal Arts and Visual Cultures Education, Department of Interdisciplinary Humanities, King’s College London
A new Wallace and Gromit adventure, Vengeance Most Fowl (2024), premieres on BBC One and Netflix this Christmas Day. It’s been nearly 20 years since the last feature film about Yorkshire’s favourite eccentric inventor and his above-intelligent pet dog, The Curse of the Were-Rabbit (2005).
Aardman’s latest Christmas instalment marks the reappearance of Feathers McGraw, the mysterious and silent penguin villain from The Wrong Trousers (1993). It also represents the latest outing for the Bristol-based company’s signature stop-motion “claymation” style – which is both a symbol of the studio’s enduring relationship to craft, and a vital element of Aardman’s international identity as an animation powerhouse.
A new era of artificial intelligence is threatening to transform the boundaries of what we understand as art. So it is significant that one of this year’s most highly anticipated festive films celebrates the skill and spirit of handmade animation.
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Aardman was founded in 1972. Over the last 50 years, the studio has cultivated a durable and worldwide reputation as a pioneer of animation as a handmade, craft-based art form.
Both before and after its feature-film debut, Chicken Run (2000), the studio’s stop-motion approach was refined across an extensive range of animated projects and commissions. These included short films like Creature Comforts (1990), the first Aardman production to win an Academy Award, as well as an array of television idents, music videos and advertising campaigns.
Such has been Aardman’s longstanding connection to claymation that when the Newplast company shut down in March 2023, sparking rumours of a shortage of its famous modelling clay, the studio issued a statement denying it was running out of materials, while assuring fans it would find a new supplier for future projects.
The trailer for Wallace and Gromit: Vengeance Most Fowl.
Aardman’s animated productions have been a staple of Christmas film and television since Wallace and Gromit creator Nick Park’s 30-minute short The Wrong Trousers debuted on Boxing Day 1993.
So much so, in fact, that Aardman proclaims that it is “proud to be synonymous with Christmas”. The many television specials featuring old and new Aardman characters include the 30-minute Netflix Christmas shorts Shaun The Sheep: A Flight Before Christmas (2021) and Robin Robin (2021), as well as multiple “cracking” Christmas advertising campaigns.
Despite a defining investment in the creative potential of claymation, the studio has occasionally dipped a toe into the the world of digital technology. A brief foray into computer-animated filmmaking in the early 2000s with Flushed Away (2006) and Arthur Christmas (2011) marked an ultimately short-lived creative partnership with DreamWorks Animation and Sony Pictures.
While Aardman’s involvement with these renowned Hollywood companies pushed the studio away from its house style and ushered in a new kind of big-screen humour, in design at least, these films retained their quintessential Aardman “look”. But though these characters appeared firmly from the Aardman stable (particularly in their recognisably exaggerated smiles), their animated perfection demonstrated the pristine visuals increasingly afforded by sophisticated computer graphics.
Clearly, much like Wallace, Aardman animators aren’t immune to the thrill of technological innovation. But they have still largely maintained their claymation methods of production, to instil in audiences the many pleasures of doing things by hand.
The glimpse of fingerprints accidentally pressed into the modelling clay, coupled with the jerky movements of their plasticine characters, emphasises that Aardman methods remain far removed from modern technology. Craft and the handmade are therefore as much business strategies as they are aesthetic choices, deployed to sell the Aardman brand around the world.
After a hiatus of almost 20 years, the imminent return of Wallace and Gromit to British screens seems a pointed reflection on the virtues of the handmade, against the acceleration of AI within the film industry.
With Vengeance Most Fowl telling the story of a rogue automatic garden gnome, Aardman is seemingly questioning a future built from computerised (and potentially dangerous) automation. By preserving the artisanal and anchoring its very British charm once again to the hand-crafted, slightly imperfect models that populate these stop-motion animated worlds, it seems that, for Aardman at least, computers are not always what they are cracked up to be.
Christopher Holliday does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Delivering high-efficiency power, high-performance analog, and high-density digital in a single power management platform for mobile, AI, and data center applications
MIGDAL HAEMEK, Israel, December 23, 2024 – Tower Semiconductor (NASDAQ/TASE: TSEM), a leading foundry of high-value analog semiconductor solutions, today announced its new 300mm 65nm 3.3V-based BCD Power management platform, PML, in addition to its successful 5V-based offering already in high-volume production in Japan and that which is being qualified in Albuquerque, New Mexico, USA, manufacturing site. This new, cutting-edge platform addresses the stringent low-voltage requirements of mobile devices and meets the growing demands for high power efficiency and power density in AI and data center applications.
The advanced 300mm BCD PML offering comprises LDMOS devices with ultra-low on-resistance and best-in-class figure-of-merit, achieving highest power conversion efficiency for fast switching converters. In addition, it features power devices with wide voltage range and a nominal 3.3V gate voltage that can be substantially overdriven and underdriven addressing products such as PMIC, Audio IC, and high-power voltage regulators for GPU and CPU. These advantages enable users to achieve outstanding performance in power consumption and extend battery life in battery operated applications.
“Our new PML platform exemplifies Tower Semiconductor’s continuous success in providing cutting-edge power management technology solutions,” said Shimon Greenberg, General Manager of Power Management Business Unit. “Specifically designed for advanced power management applications, this innovation empowers our customers to develop industry-leading products with a competitive edge that address the evolving demands of the strategic mobile, AI, and data center markets”.
For additional information on Tower’s PM technology platform, please visit here.
About Tower Semiconductor
Tower Semiconductor Ltd. (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, provides technology, development, and process platforms for its customers in growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical and aerospace and defense. Tower Semiconductor focuses on creating a positive and sustainable impact on the world through long-term partnerships and its advanced and innovative analog technology offering, comprised of a broad range of customizable process platforms such as SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors, displays, integrated power management (BCD and 700V), photonics, and MEMS. Tower Semiconductor also provides world-class design enablement for a quick and accurate design cycle as well as process transfer services including development, transfer, and optimization, to IDMs and fabless companies. To provide multi-fab sourcing and extended capacity for its customers, Tower Semiconductor owns two facilities in Israel (150mm and 200mm), two in the U.S. (200mm), two in Japan (200mm and 300mm) which it owns through its 51% holdings in TPSCo, shares a 300mm facility in Agrate, Italy, with ST as well as has access to a 300mm capacity corridor in Intel’s New Mexico factory. For more information, please visit: www.towersemi.com.
Safe Harbor Regarding Forward-Looking Statements
This press release includes forward-looking statements, which are subject to risks and uncertainties. Actual results may vary from those projected or implied by such forward-looking statements. A complete discussion of risks and uncertainties that may affect the accuracy of forward-looking statements included in this press release or which may otherwise affect Tower’s business is included under the heading “Risk Factors” in Tower’s most recent filings on Forms 20-F and 6-K, as were filed with the Securities and Exchange Commission (the “SEC”) and the Israel Securities Authority. Tower does not intend to update, and expressly disclaim any obligation to update, the information contained in this release.
Tower Semiconductor Investor Relations Contact: Noit Levy | +972-4-604-7066 | noitle@towersemi.com Tower Semiconductor Company Contact: Orit Shahar | +972-74-7377440 | oritsha@towersemi.com
Source: United Kingdom – Executive Government & Departments
A team of inspectors has been sent to investigate an accident which occurred on 22 December 2024
An investigation has begun into an accident involving a fixed-wing aircraft which occurred at Belfast City Airport on 22 December 2024. AAIB inspectors have commenced the on-site investigation to gather evidence and make enquiries.
LAS VEGAS, Dec. 23, 2024 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), announced today that it has entered into a Securities Purchase Agreement (the “Agreement”) providing for up to $25 million of financing (the “Financing”) from Ault & Company, Inc., a related party (“A&C”). Pursuant to the Agreement, Hyperscale Data has agreed to issue and sell to A&C up to $25 million in shares of Series G Convertible Preferred Stock (the “Preferred Shares”). The Preferred Shares will be senior to all other classes of preferred stock the Company has outstanding except with respect to the Series C Convertible Preferred Stock (the “Series C Preferred Stock”), with which it ranks in parity, as well as senior to the Company’s Class A common stock (“Common Stock”).
Each Preferred Share shall have a stated value of $1,000.00 per share and, upon stockholder approval, shall be convertible at the holder’s option into shares of Common Stock at a conversion price equal to the greater of (i) $0.10 per share (the “Floor Price”), which Floor Price shall not, except for voting rights purposes, be adjusted for stock dividends, stock splits, stock combinations and other similar transactions and (ii) the lesser of (A) $6.74, or (B) a 5% premium to the closing sale price of the Common stock on the day immediately prior to the date of conversion (the “Conversion Price”). The Conversion Price will be subject to standard anti-dilution provisions in connection with any stock split, stock dividend, subdivision or similar reclassification of the Common Stock. The Preferred Stock also has “full ratchet” price protection in the event the Company should issue securities at a lower price than the Conversion Price. The Preferred Stock shall pay a dividend at an annual rate of 9.5%, which the Company may, during the first two years, pay in shares of Common Stock.
Further, A&C will receive warrants (“Warrants”) to purchase up to approximately 4.25 million shares of Common Stock, presuming that the full amount of the Preferred Shares is sold, exercisable for five years at $5.92 per share, subject to adjustment.
The proceeds from the Financing will be used for expansion of the MI data center to support infrastructure upgrades necessary to support the growing demands of high-performance computing services powering Artificial Intelligence solutions, repayment of outstanding indebtedness and general working capital purposes.
“The conversion price of the Preferred Shares is nearly a 25% premium over the current market price. That A&C is willing to invest an additional up to $25 million, beyond the $75 million in shares of a virtually identical series of preferred stock, the Series C Preferred Stock of which it has already purchased approximately $50 million, on those terms should be a clear indicator of our belief that the market has been undervaluing the Company, which I’ve been highlighting for years. This transaction is more than a number—it’s a declaration of my steadfast confidence in our data centers, the crane company, the lending firm, and the exceptional portfolio companies we’ve nurtured over the past seven years. Each is a vital component of our collective success,” said Milton “Todd” Ault III, Executive Chairman of Hyperscale Data and Chairman & CEO of A&C.
The Agreement provides for several closings through December 31, 2025, though such dates may be extended by A&C as set forth in the Agreement. The consummation of the transactions contemplated by the Agreement, specifically the conversion of the Preferred Shares and the exercise of the Warrants in an aggregate number in excess of 19.99% on the execution date of the Agreement, are subject to various customary closing conditions as well as regulatory and stockholder approval. In addition to customary closing conditions, the closing of the Financing is also conditioned upon the receipt by A&C of financing to consummate the transaction.
Additional information regarding the securities described above and the terms of the Financing will be included in a Current Report on Form 8-K to be filed with the United States Securities and Exchange Commission (“SEC”).
The Preferred Shares and Warrants will be issued in reliance upon the exemption from the securities registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”) as promulgated by SEC under the Securities Act.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such jurisdiction.
For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.
About Hyperscale Data, Inc.
Hyperscale Data is transitioning from a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact to becoming solely an owner and operator of data centers to support high performance computing services. Through its wholly and majority-owned subsidiaries and strategic investments, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. It also provides, through its wholly owned subsidiary, Ault Capital Group, Inc., mission-critical products that support a diverse range of industries, including an artificial intelligence software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, Hyperscale Data is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company’s website at www.hyperscaledata.com.
VICTORIA, Seychelles, Dec. 23, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced a strategic partnership with Fiat24, a Swiss-regulated fintech company that develops modern banking solutions powered by blockchain technology. The collaboration focuses on exploring PayFi solutions for major cryptos like Ethereum (ETH) and Bitget Token (BGB), as well as stablecoins such as USD Coin (USDC). This initiative aims to provide seamless, efficient, and secure payment solutions that bridge traditional and decentralized financial ecosystems.
Bitget has recently made significant progress in the PayFi space with the launch of services such as Bitget Pay and Bitget Card. Bitget Pay enables low-fee, instant crypto payments, while the Bitget Card allows users to seamlessly convert crypto into fiat for real-world transactions using a globally accepted debit card.
Fiat24, on the other hand, offers a regulated Swiss-based payment system to users across 65 countries and regions, providing access to a crypto-friendly Swiss offshore bank account paired with a Mastercard debit card. This blockchain-driven approach ensures transparency, security, and user ownership.
The partnership between Bitget and Fiat24 combines Bitget’s comprehensive crypto ecosystem with Fiat24’s innovative infrastructure. Together, they aim to expand the use cases for ETH, BGB, and stablecoins, driving accessibility and adoption of PayFi solutions globally.
“We are excited to collaborate with Fiat24 to advance crypto payments and simplify access to financial services for users worldwide, especially the unbanked,” said Gracy Chen, CEO at Bitget. “PayFi will be one of Bitget and BGB’s long-term strategies and a key approach to enhancing the real-world impact of crypto assets. Together with our partners, we envision a future where crypto payments become the norm.”
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
Risk Warning:Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
Core42, a Subsidiary of G42, will utilize the facility to expand its industry-leading AI Infrastructure offerings tailored to US customers
Strategic Expansion of TeraWulf’s Platform into AI-Driven HPC Hosting, Complementing Profitable Bitcoin Mining Operations
Management to Host Conference Call and Live Audio Webcast at 8:00 a.m. Eastern Time Today
EASTON, Md., Dec. 23, 2024 (GLOBE NEWSWIRE) — TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), a leading owner and operator of vertically integrated, next-generation digital infrastructure powered by predominantly zero-carbon energy, today announced the signing of long-term data center lease agreements with Core42, a G42 company specializing in sovereign cloud, AI infrastructure, and digital services.
Under the data center lease agreements, TeraWulf will deliver over 70 megawatts (MW)1 of turn-key data center infrastructure to host Core42’s deployment at the Lake Mariner facility in Upstate New York. The infrastructure will be released for production in phases between Q1 and Q3 2025.
TeraWulf will customize the data halls to support Core42’s GPU clusters, which will feature state-of-the-art Dell Integrated Rack Scalable Solutions, the Dell IR5000. These integrated racks include direct liquid cooled Dell PowerEdge XE9680L GPU servers and will come online in phases.
The data center leases reflect TeraWulf’s strategic extension into AI-driven computing, complementing its profitable Bitcoin mining operations and aligning with the Company’s mission to leverage scalable, sustainable energy to power the digital economy.
Leadership Commentary
“Our strategic relationship with G42, and most specifically with Core42, positions TeraWulf at the intersection of two of today’s most transformative computational networks: AI compute and Bitcoin mining,” said Paul Prager, Chief Executive Officer of TeraWulf. “The surging demand for scalable, energy-efficient infrastructure presents a tremendous opportunity. Our ability to rapidly deliver customized, predominantly zero-carbon-powered solutions solidifies our position as a leader in the digital infrastructure space. This agreement not only diversifies our revenue streams but also significantly enhances our long-term earnings potential.”
Nazar Khan, Chief Technology Officer of TeraWulf, emphasized the strength of the collaboration by remarking, “Core42’s entrepreneurial vision and impressive growth trajectory make them an exceptional partner. Together, we are uniquely equipped to meet the growing demand for AI-driven computing solutions.”
“TeraWulf’s Lake Mariner facility represents an ideal match for Core42’s expanding next-generation digital infrastructure in North America,” said Edmondo Orlotti, Chief Growth Officer of Core42. “The facility’s access to predominantly zero-carbon power, combined with TeraWulf’s demonstrated ability to rapidly deploy customized data center solutions, aligns perfectly with our commitment to sustainable, high-performance AI compute infrastructure.”
Arthur Lewis, President of the Infrastructure Solutions Group at Dell Technologies commented: “Dell Technologies is committed to empowering organizations of all types with tools like the Dell AI Factory to thrive in a data-driven world. With TeraWulf and Core42, we’re delivering industry-leading, liquid-cooled server solutions that enable scalable, sustainable data center infrastructure, accelerating AI innovation across industries.”
Financial Highlights
The data center leases include two five-year renewal options, providing a long-term, stable, high-margin revenue stream for TeraWulf. Additionally, the data center lease agreements include provisions for expanding near-term hosting capacity for Core42 by an additional 135 MW gross, which is equivalent to 108 MW of critical IT load, underscoring the potential for future scalability and revenue growth.
Advisors
TeraWulf is being advised by JP Morgan and Morgan Stanley as financial advisors and Milbank LLP and Stutzman, Bromberg, Esserman & Plifka, P.C. as legal advisors.
Conference Call and Webcast Details
TeraWulf will host a conference call to discuss the partnership with Core42. Hosting the call and webcast will be Paul Prager, Chief Executive Officer, Nazar Khan, Chief Technology Officer, Patrick Fleury, Chief Financial Officer, Kerri Langlais, Chief Strategy Officer, and John Larkin, Director of Investor Relations.
Date: December 23, 2024 Time: 8:00 a.m. Eastern Time Participant Dial-In: 1-877-407-0789 or 1-201-689-8562
Investors are invited to submit questions ahead of the call to info@terawulf.com. The management team will address as many questions as possible during the live call.
All interested parties may also access a live webcast of the event at www.investors.terawulf.com, under the “News and Events” tab, or by using the following link:
TeraWulf develops, owns, and operates environmentally sustainable, next-generation data center infrastructure in the United States, specifically designed for Bitcoin mining and hosting HPC workloads. Led by a team of seasoned energy entrepreneurs, the Company owns and operates the Lake Mariner facility situated on the expansive site of a now retired coal plant in Western New York. Currently, TeraWulf generates revenue primarily through Bitcoin mining, leveraging predominantly zero-carbon energy sources, including hydroelectric and nuclear power. Committed to environmental, social, and governance (ESG) principles that align with its business objectives, TeraWulf aims to deliver industry-leading economics in mining and data center operations at an industrial scale.
About Core42
Core42, a G42 company, empowers individuals, enterprises, and nations to unlock the full potential of AI through its comprehensive enablement capabilities. As a leading provider of sovereign cloud, AI infrastructure, and services, our mission is to accelerate the achievements of others and help them reach their most ambitious goals.
To learn more, please visit www.core42.ai and follow Core42 LinkedIn, Core42 Instagram, Core42 X.
About G42
G42 is a global leader in creating visionary artificial intelligence capabilities for a better tomorrow. Born in Abu Dhabi and operating around the world, G42 champions AI as a powerful force for good. Its people are constantly reimagining what technology can do, applying advanced thinking and innovation to accelerate progress and tackle society’s most pressing problems.
G42 is joining forces with nations, corporations and individuals to create the infrastructure for tomorrow’s world. From molecular biology to space exploration and everything in between, G42 realizes exponential possibilities, today.
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. In addition, forward-looking statements are typically identified by words such as “plan,” “believe,” “goal,” “target,” “aim,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on the current expectations and beliefs of TeraWulf’s management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others: (1) conditions in the cryptocurrency mining industry, including fluctuation in the market pricing of bitcoin and other cryptocurrencies, and the economics of cryptocurrency mining, including as to variables or factors affecting the cost, efficiency and profitability of cryptocurrency mining; (2) competition among the various providers of cryptocurrency mining services; (3) changes in applicable laws, regulations and/or permits affecting TeraWulf’s operations or the industries in which it operates, including regulation regarding power generation, cryptocurrency usage and/or cryptocurrency mining, and/or regulation regarding safety, health, environmental and other matters, which could require significant expenditures; (4) the ability to implement certain business objectives and to timely and cost-effectively execute integrated projects; (5) failure to obtain adequate financing on a timely basis and/or on acceptable terms with regard to growth strategies or operations; (6) loss of public confidence in bitcoin or other cryptocurrencies and the potential for cryptocurrency market manipulation; (7) adverse geopolitical or economic conditions, including a high inflationary environment; (8) the potential of cybercrime, money-laundering, malware infections and phishing and/or loss and interference as a result of equipment malfunction or break-down, physical disaster, data security breach, computer malfunction or sabotage (and the costs associated with any of the foregoing); (9) the availability, delivery schedule and cost of equipment necessary to maintain and grow the business and operations of TeraWulf, including mining equipment and infrastructure equipment meeting the technical or other specifications required to achieve its growth strategy; (10) employment workforce factors, including the loss of key employees; (11) litigation relating to TeraWulf and/or its business; and (12) other risks and uncertainties detailed from time to time in the Company’s filings with the Securities and Exchange Commission (“SEC”). Potential investors, stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. TeraWulf does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company’s filings with the SEC, which are available at www.sec.gov.
____________________________ 1 Represents gross capacity. Critical IT capacity is as follows: 2 MW for the Wulf Den, 16 MW for CB-1, and 42 MW for CB-2.
Bigbank AS has confirmed the bank’s Financial Calendar for the 2025 financial year.
In 2025, Bigbank plans to disclose information according to the following schedule:
26.02.2025
Q4 2024 and unaudited full year results
27.02.2025
January results
05.03.2025
Audited results for 2024
13.03.2025
February results
24.04.2025
Q1 interim results
08.05.2025
April results
12.06.2025
May results
24.07.2025
Q2 interim results
14.08.2025
July results
11.09.2025
August results
23.10.2025
Q3 interim results
13.11.2025
October results
11.12.2025
November results
Bigbank AS (www.bigbank.eu), with over 30 years of operating history, is a commercial bank owned by Estonian capital. As of 30 November 2024, the bank’s total assets amounted to 2.7 billion euros, with equity of 271 million euros. Operating in nine countries, the bank serves more than 150,000 active customers and employs over 500 people. The credit rating agency Moody’s has assigned Bigbank a long-term deposit rating of Ba1, as well as a baseline credit assessment (BCA) and adjusted BCA of Ba2.
Spruance departed San Diego with the ABECSG and deployed to the 7th and 5th fleet area of operations, July 17, 2024.
“The Spruance crew continues to impress – there is no other team that I would rather be a part of. I am immensely proud of all that the team has accomplished and will continue to accomplish. This deployment was a test of our readiness, and our Sailors exceeded every expectation,” said Cmdr. Thomas “Matt” Adams, commanding officer, Spruance. “Facing advanced missile threats and attack drones in a high-stakes environment, they demonstrated exceptional tactical precision and a war fighter mindset. From identifying incoming threats to controlling aircraft to executing flawless missile engagements, our crew neutralized every danger with unwavering focus and discipline.”
ABECSG initially deployed to the Indo-Pacific region to support regional security and stability, and to reassure our allies and partners of the U.S. Navy’s unwavering commitment, highlighted by the first-ever U.S.-Italy multi-large deck event (MLDE) with the Italian Navy’s ITS Cavour Carrier Strike Group held in the Indo-Pacific on Aug. 9, 2024.
The strike group was ordered to the U.S. Central Command area of responsibility to bolster U.S. military force posture in the Middle East, deter regional escalation, degrade Houthi capabilities, defend U.S. forces, and again sailed alongside our Italian allies and other partners to promote security, stability and prosperity. Assigned destroyers of the ABECSG, to include Spruance, were essential to providing a layer of defense to U.S. forces and ensuring the safe passage of commercial vessels and partner nations transiting in international waterways like the Red Sea, Bab el-Mandeb Strait and the Gulf of Aden.
The destroyers worked alongside U.S. Central Command forces in successfully repelling multiple Iranian-backed Houthi attacks during transits of the Bab el-Mandeb strait. During the transits, the destroyers were attacked by one-way attack uncrewed Aerial systems, anti-ship ballistic missiles and anti-ship cruise missiles which were successfully engaged and defeated. The vessels were not damaged and no personnel were hurt. The ships were well prepared, supported, and the well-trained Sailors successfully defended the ship.
“I am so proud of our team. Our Sailors met every challenge on this deployment with professional excellence. Sailors displayed the highest levels of teamwork, adaptability, and courage—qualities that make our Navy the finest in the world,” said Cmdr. Leigh R. Tate, executive officer, Spruance. “There is no other group of Sailors who have more grit and tenacity for mission success, and they proved it.”
Throughout deployment, Spruance traveled 37,200 nautical miles, conducted 12 replenishments-at-sea, 28 sea and anchor details, Anti-Submarine Tactical Air Controller (ASTAC) controlled over 800 hours of rotary air wing control and the Air Intercept Controllers (AIC) controlled 50 live runs with Carrier Air Wing (CVW) 9 and U.S. Air Force assets. Spruance also achieved 36 re-enlistments, 37 advancements and seven officer promotions. Spruance Sailors were awarded the Global War on Terrorism (GWOT) Expeditionary Medal and Combat Action Ribbon (CAR) for their actions in the Bab el-Mandeb.
Spruance was led by their commanding officer, Cmdr. Thomas “Matt” Adams, executive officer, Cmdr. Leigh R. Tate, and Command Master Chief Kurtiss Vervynckt.
The ABECSG is the most capable CSG comprised of the air wing of the future, the most advance Arleigh Burke-class guided-missile destroyer USS Frank E. Peterson Jr. (DDG 121) as Integrated Air and Missile Defense Commander, and the Arleigh Burke destroyers assigned to Destroyer Squadron (DESRON) 21, representing more than 6,000 Sailors, deployed from their homeports of San Diego and Pearl Harbor since July 2024.
Deploying units of the strike group include the flagship USS Abraham Lincoln (CVN 72), DESRON 21, Carrier Air Wing (CVW) 9, and Frank E. Petersen Jr. While the Arleigh Burke-class guided-missile destroyer, assigned to DESRON 21, USS Michael Murphy (DDG 112) returned to its homeport, Arleigh Burke-class guided-missile destroyers USS O’Kane (DDG 77) and USS Stockdale (DDG 106) remain deployed in the 5th Fleet area of operations supporting global maritime security operations.
As an integral part of U.S. Pacific Fleet, Commander, U.S. 3rd Fleet operates naval forces in the Indo-Pacific and provides the realistic and relevant training necessary to execute the U.S. Navy’s timeless role across the full spectrum of military operations—from combat missions to humanitarian assistance and disaster relief. U.S. 3rd Fleet works together with our allies and partners to advance freedom of navigation, the rule of law, and other principles that underpin security for the Indo-Pacific region.
Aircraft with PRGBs that currently meets or exceeds a predetermined flight-hour threshold will resume flights in accordance with controls instituted in the March 2024 interim flight clearance (IFC).
A new IFC, containing additional risk mitigation controls, has been issued to address aircraft with PRGBs below the flight-hour threshold. These controls will remain in place until the aircraft’s PRGBs are upgraded, or the predetermined threshold is exceeded.
NAVAIR collaborated with the Navy, Air Force Special Operations Command and the Marine Corps to implement the bulletin and IFC.
Due to operational security concerns, the specifics of the V-22 flight-hour threshold, number of aircraft affected and additional flight controls will not be released.
NAVAIR remains committed to transparency and safety regarding all V-22 operations. The V-22 plays an integral role in supporting our nation’s defense. Returning these vital assets to flight is critical to supporting our nation’s interests.
NAVAIR continuously monitors data and trends from all aircraft platforms to provide service members the safest, most reliable aircraft possible.
The Health Bureau today said the Government provides comprehensive and dedicated support for health and medical research projects, research infrastructure and research capacity building in Hong Kong through setting up the Health & Medical Research Fund (HMRF).
Making the statement in regard to some recent media reports on the Government’s funding support for infectious diseases-related research, the bureau emphasised that the Government has all along been highly supportive of the local health and medical sector to conduct health and medical research, including those related to infectious diseases.
The bureau noted that funding commitment to the HMRF, established in 2011, has been increased repeatedly and the approved amount has increased to $4.22 billion to support Government-commissioned programmes and investigator-initiated projects. Among them, those related to infectious diseases research amount to $1.2 billion.
Such projects involved six commissioned programmes on infectious diseases with approved funding of $792 million, covering COVID-19, Middle East Respiratory Syndrome (MERS), influenza, avian flu, swine flu and other respiratory infectious diseases, human papilloma virus and anti-microbial resistance research.
The above-mentioned commissioned programmes include a total of $556 million since April 2020 to support 105 individual COVID-19 related research studies from bench to bedside and at the community level through application of new technologies.
These studies provide new evidence to support the Government to promptly tackle the COVID-19 epidemic by formulating health policies, identifying the transmission chains, implementing control measures, improving clinical management as well as developing and promoting the vaccination programme.
One of the research projects successfully developed the sewage testing approach for quantitative detection of SARS-CoV-2, providing an important indicator for the Government to keep track of virus activity in the community during the COVID-19 epidemic.
For investigator-initiated projects, infectious disease has always been one of the thematic priorities. As of end September 2024, a total of about 400 research studies have been funded amounting to $424 million.
Such studies covered the prevention, detection, diagnosis and management of various infectious diseases, such as the hepatitis virus, tuberculosis, AIDS, and those related to preparedness and response to a pandemic and epidemic.
The Government encourages researchers to continue to leverage the HMRF to amplify the value of their research projects into full play and usher in considerable and sustainable positive impacts on health policy making and implementation with their research outcomes and to unleash new quality productive forces.
On combating infectious diseases, the Government will continue to support the health and medical sector in conducting related research in order to enhance the capacity in surveillance, early detection, prevention and control.