Today, the Reserve Bank released its web publication entitled ‘Quarterly Basic Statistical Returns (BSR)-1: Outstanding Credit of Scheduled Commercial Banks (SCBs)1 – December 20242’ on its ‘Database on Indian Economy’ portal (https://data.rbi.org.in Homepage > Publications). It captures various characteristics of bank credit such as occupation/activity and organisational sector of the borrower, type of account and interest rates based on account-level reporting3. Data reported by SCBs {excluding Regional Rural Banks (RRBs)} are presented for bank groups, population groups4 and states.
Highlights:
Bank credit growth (y-o-y) decelerated to 11.8 per cent in December 2024 from 12.6 per cent in September 2024; all population groups (viz., rural, semi-urban, urban and metropolitan branches of banks) maintained double digit growth, though with some moderation, which was experienced by both public sector and private sector banks.
Personal loans, which have large share (31.5 per cent) in total credit, recorded moderation in annual growth to 13.7 per cent (15.2 per cent a quarter ago); credit to agriculture and industry sectors also recorded some tempering in the growth.
Bank lending for trade, finance and professional/ other services accelerated during Q3:2024-25.
Lending to public sector organisations accelerated to 5.4 per cent in December 2024 as compared with 0.3 per cent in the previous quarter; its share in total credit stood at 13.6 per cent.
Nearly two per cent of the bank loans were in terms of bills purchased/ discounted.
Bank charged 8 per cent to less than 10 per cent interest rate on over half of the loan amount and nearly 16 per cent of the loans were bearing less than 8 per cent interest rate; the remaining loans were bearing 10 per cent or above interest rate.
Ajit Prasad Deputy General Manager (Communications)
Today, the Reserve Bank released the web publication ‘Deposits with Scheduled Commercial Banks1 – December 20242’ on its ‘Database on Indian Economy’ portal3 (https://data.rbi.org.in Homepage > Publications).
Scheduled commercial banks (SCBs) {excluding regional rural banks (RRBs)} report branch-wise data on type of deposits (current, savings and term), its institutional sector wise ownership, age wise distribution of deposits pertaining to individuals, maturity pattern, size and interest rate range wise distribution of term deposits as well as number of employees in the quarterly ‘Basic Statistical Return’ (BSR) – 2 return. These data are released at disaggregated level (viz., population groups4, bank groups, states, districts and centres).
Highlights:
Aggregate deposits increased by 11.0 per cent in December 2024 as compared with 11.7 per cent growth a quarter ago.
Term deposits rose by 14.3 per cent (y-o-y) as compared with 5.1 per cent growth in saving deposits in December 2024; as a result, the share of term deposits in total deposits rose to 62.1 per cent from 60.3 per cent a year ago.
The share of deposits bearing seven per cent or above interest rate in total term deposits increased to 70.8 per cent in December 2024 from 61.4 per cent a year ago.
With rise in return on term deposits, nearly 79.8 per cent of the incremental term deposits mobilized during April-December 2024 were held in the original maturity bucket of one to three years; on an outstanding basis, over two third of term deposits were in this maturity bucket and another 11 per cent had higher original maturity.
During April-December 2024, 56.1 per cent of the total term deposits were of size ‘Rs. one crore and above’.
Senior citizens owned 20.2 per cent of the total deposits in December 2024.
Ajit Prasad Deputy General Manager (Communications)
In 2024 Russia overtook Japan as the world’s fourth largest economy in purchasing power parity terms, yet there is a deteriorating fiscal context and faltering economic stability as a sharp downturn looms.
On foreign policy, Moscow has doubled down on efforts to consolidate a counterweight to the G7, even as it faces setbacks in the Middle East.
How will Russia and its place in the world fare in 2025?
Speakers: Ravi Agrawal, Valdis Dombrovskis, Elisabeth Svantesson
The 55th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability.
This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets.
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
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The Reserve Bank of India (RBI) has, by an order dated February 17, 2025, imposed a monetary penalty of ₹1.50 lakh (Rupees One lakh fifty thousand only) on JM Financial Home Loans Limited (the company) for non-compliance with certain provisions of the ‘Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 52A of the National Housing Bank Act, 1987.
The statutory inspection of the company was conducted by the National Housing Bank with reference to its financial position as on March 31, 2022 and March 31, 2023. Based on the supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.
After considering the company’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charge against the company was sustained, warranting imposition of monetary penalty:
The company failed to disclose, the approach for gradation of risk and rationale for charging different rate of interest to different categories of borrowers, to its customers in the application forms and also did not communicate the same explicitly in the sanction letters.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the company.
The Reserve Bank of India (RBI) has, by an order dated February 20, 2025, imposed a monetary penalty of ₹6.20 lakh (Rupees Six Lakh Twenty Thousand only) on Asirvad Micro Finance Limited (the company) for non-compliance with certain provisions of the ‘Master Direction – Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022’, and ‘Appointment of Internal Ombudsman by Non-Banking Financial Companies’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under clause (b) of sub-section (1) of Section 58G read with clause (aa) of sub-section (5) of Section 58B of the Reserve Bank of India Act, 1934.
The statutory inspection of the company was conducted by RBI with reference to its financial position as on March 31, 2023. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.
After considering the company’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charges against the company were sustained, warranting imposition of monetary penalty:
The company failed to report the household income of certain borrowers to Credit Information Companies;
The company failed to provide factsheets to certain gold loan customers; and
The company failed to establish a system of auto-escalation of all complaints that were partly or wholly rejected by its internal grievance redress mechanism to the Internal Ombudsman for a final decision.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the company.
The two-day Executive Body Meeting of the Heads of Archives of the South and West Asian Regional Branch of the International Council on Archives (SWARBICA) was inaugurated by Shri Gajendra Singh Shekhawat, Minister for Tourism and Culture, Government of India, on 20thFebruary 2025, at the India International Centre, Max Mueller Marg, New Delhi. The event was hosted by the National Archives of India.
Representatives from the National Archives of Nepal, Bhutan, Bangladesh, and Sri Lanka attended both the inaugural and business sessions. The National Archives of Pakistan participated online, while the National Archives of Iran could not attend due to visa issues.
The Chief Guest emphasized the shared cultural and religious heritage of SWARBICA member countries and underscored the importance of exchange programs, training in digital preservation, and archival conservation to strengthen collaboration. Shri Arun Singhal, Director General, National Archives of India, and Treasurer of SWARBICA, delivered a comprehensive presentation on the digitization of archival records undertaken by the National Archives of India. This SWARBICA meeting was convened after a gap of eight years, following the last meeting held in Colombo, Sri Lanka, in 2017.
In addition to the Executive Body Meeting, the National Archives of India will host a seminar titled “Using AI for Digital Preservation in Archives” on 21st February 2025. The seminar will explore the role of AI in digital preservation, highlighting its significance and applications. Experts from India, Bangladesh, Nepal, Sri Lanka, and SAMHiTA (International Research Division, India International Centre, New Delhi) will participate as resource persons.
The South and West Asian Regional Branch of the International Council on Archives (SWARBICA) is an international umbrella organization for archival institutions. It provides a platform for archivists across the region to collaborate, strengthen professional relations, and enhance archival preservation. The idea to establish SWARBICA was conceived in 1973 at an Executive Committee Meeting of the International Council on Archives in Brussels, Belgium. It was officially formed on 11th December 1976 in a ceremonial event at Vigyan Bhawan, New Delhi.
India Japan partnership rooted in brotherhood, democracy,culture and economic cooperation: Union Commerce and Industry Minister Piyush Goyal The partnership reflects a unique fusion of Sushi and Spices, distinct yet complementary: Shri Goyal
Posted On: 21 FEB 2025 5:07PM by PIB Delhi
Union Minister of Commerce and Industry, Shri Piyush Goyal stated that India and Japan share a globally recognized strategic partnership rooted in brotherhood, democracy, culture, and economic cooperation. This was stated by the Minister at his keynote address at the India-Japan Economy and Investment Forum today.
The Minister highlighted that the Seven Lucky Gods of Japan have origins in Indian tradition, underscoring the deep cultural ties between the two nations. He noted that the relationship between India and Japan reflected Sushi and spices, a fusion of distinct yet complementary elements, contributing to an extraordinary partnership. Japan has been a key ally in India’s economic growth, with Foreign Direct Investment (FDI) from Japan exceeding $43 billion between 2000 and 2024, making it India’s fifth-largest source of foreign investment, added the Minister.
The Minister highlighted that the Comprehensive Economic Partnership Agreement (CEPA) signed in 2011 has significantly strengthened bilateral trade, with over 1,400 Japanese companies operating in India and 11 industrial townships across eight states hosting Japanese enterprises. He pointed out that major infrastructure projects such as the Mumbai-Ahmedabad High-Speed Rail and metro systems in Delhi, Ahmedabad, Bengaluru, and Chennai reflect Japan’s active participation in India’s development. He expressed optimism about the commencement of the Shinkansen bullet train service between Mumbai and Ahmedabad in the near future.
The Minister stated that under the leadership of Prime Minister Shri Narendra Modi, the ‘Make in India’ initiative launched in 2014 has provided a significant boost to India’s manufacturing sector. He stated that India and Japan are collaborating to build globally competitive brands, citing the example of Maruti exporting vehicles to various countries, including Japan. He reiterated the objective of increasing the share of manufacturing in India’s GDP to 25%, with Japan playing a crucial role in achieving this target.The Minister cited the Prime Minister, emphasizing that trade, technology, tourism, and investment will remain key pillars of India’s international economic strategy, with the partnership with Japan playing a crucial role in strengthening economic ties.
He also noted India’s commitment to fostering a business-friendly environment, emphasizing that ease of doing business improvements are being implemented at both central and state levels. Infrastructure development, public-private partnerships in innovation, and a strengthened R&D ecosystem, supported by recent budget announcements, reflect the government’s strategic focus on economic growth. He underscored that India has the world’s largest number of STEM graduates, with women accounting for 43% of them, contributing to the country’s skilled workforce.
The Minister pointed out five key drivers of India’s economic growth—decisive leadership, demographic dividend, democracy, diversity, and demand generated by 1.4 billion people—stating that these factors collectively shape India’s growing economy. He reiterated that large-scale investments will coexist in India with MSMEs to provide global solutions.
Quoting Prime Minister Narendra Modi “ Today’s India inspires confidence in the world”, Shri Goyal added that with a young and skilled workforce India today is a destination to invest and a destination to source goods and services.
On quality standards, the Minister stated that Japan serves as a benchmark for excellence and that India seeks to adopt similar high standards in manufacturing. He noted that Indian manufacturers are being encouraged to embrace ‘Kaizen’ (continuous improvement) and Lean Six Sigma principles to enhance quality and efficiency. He further stated that efforts are being made to balance trade between India and Japan, with a focus on increasing Indian exports to ensure reciprocal benefits.The Minister invited participation in India’s growth story, particularly in green energy, renewable energy, high-tech manufacturing of semiconductors, electronic goods, and artificial intelligence. He emphasized that digital technologies will drive progress towards prosperity, reinforcing India’s commitment to innovation and sustainable development.
India’s intervention in Employment Working Group (EWG) in First G20 Employment Working Group Meeting under South African Presidency Secretary (L&E) outlines India’s achievement in leveraging technology and presented case studies on NCS and e-Shram portal as global best practices
Bilateral held with ILO & OECD to expedite the feasibility study on International reference Classification of Occupations and Skills
Bilateral held with Germany on collaboration in the field of AI and its impact on Jobs, OSH related knowledge exchange and strengthening labour administration under Joint Declaration of Intent
Bilateral held with Netherlands on living wages and its alignment with India’s Multidimensional Poverty index
Posted On: 21 FEB 2025 4:22PM by PIB Delhi
The first G20 Employment Working Group (EWG) Meeting under South African Presidency concluded today on 21st Feb, 2025 at Port Elizabeth, South Africa. The EWG priorities (i) Inclusive Growth & Youth Empowerment and (ii) Social Security & Digitalisation for an Inclusive Future of Work, as was discussed in the working sessions of EWG meeting.
During the four-days, delegates of G20 Members and invited states made interventions and presentations on key focus areas of the G20 Labour & Employment track. Ms. Sumita Dawra, Secretary (Labour & Employment) led the Indian delegation and made interventions from Indian side on both the priorities. Secretary took an evidence-based approach on increased social security coverage in India, rising workforce in employment, as well as presented case studies on NCS and eShram to emphasize harnessing of technology by India for labour welfare.
Secretary Labour highlighted India’s transformative use of technology to (i) onboard workers in unorganised sector and build a national database on EShram, and further utilise the portal for building access of workers to various social security schemes; (ii) Use of National Career Service (NCS) Portal to bridge the supply-demand in labour market through convergence of various stakeholders- employers, job-seekers, counselling and skilling services, etc. Case studies were presented on both EShram and NCS, both of which drew much interest of delegates of G20 member states on India’s strides in harnessing technology for the labour market.
Case Study 1: eShram Portal
India presented the eShram Portal as a case study, showcasing its role as a comprehensive national database for unorganized and platform workers, for ensuring seamless access to social security benefits as a ‘one-stop-solution.’ Available in 22 languages and powered by Bhashini, the portal assigns a Universal Account Number (UAN) to each worker, enhancing transparency and accountability. Further, the platform workers’ module, launched on December 12, 2024, enables aggregators to onboard workers and share engagement details, facilitating intelligent mapping to their employers. This initiative strengthens last-mile delivery of social security benefits, empowering millions in the informal sector and exemplifying India’s commitment to leveraging technology for inclusive welfare.
Case Study 2: National Career Service (NCS) Portal
India’s effort on leveraging technology to bridge the Jobs-Skills gap was presented through case study on NCS Portal. The Portal had mobilized over 440 million vacancies and registered 4 million employers, bridging the gap between job seekers and employers. NCS is also integrated with the Skill India Digital Hub (SIDH). Upskilling initiatives in green jobs, AI, and the platform economy were prioritized to meet future workforce demands. The QS World Future Skills Index 2025 recognized India’s strength in ‘ready-to-recruit’ markets for digital, AI and green jobs.
Bilateral with ILO, OECD
Follow-up on India’s G20 2023 Presidency with respect to developing an international framework for mutual recognition of skills and qualifications has been prioritised by the delegation. Accordingly, on the side-lines of 1st G20 EWG meeting, India held bilateral discussions with ILO, OECD and Germany regarding skill gap mapping feasibility study, its work plan and time-lines.
Secretary briefed on the latest updates regarding funding, status of agreement with ILO to complete the study, and collaboration with concerned stakeholders. It was agreed that feasibility study will focus on three key sectors: IT, Green Jobs, and Care-related roles.
Given India’s demographic dividend, and the projection of India to increasingly meet incremental global workforce requirements over the next decade, this study assumes great significance for facilitation of international mobility of qualified Indians.
Bilateral with Netherlands
A bilateral discussion was held with the Netherlands, focusing on India’s Multidimensional Poverty Index (MPI) and its alignment with global efforts to address poverty through the concept of ‘Living Wages,’ thus improving living standards. Collaboration with the Netherlands and the ILO was highlighted as critical to advancing living wages, with proposals for exchange of best practices and technical discussion on estimation of living wages. India reiterated its dedication to collaborating with international partners to advance decent work, sustainable wage systems, and enhanced livelihoods for workers.
Bilateral with Germany
During bilateral discussion with Germany, the importance of the Joint Declaration of Intent (JDI) entered by India with Germany in the month of October 2024 was highlighted. The JDoI is important for enhancing cooperation in work in global supply chains, human-centric AI and its impact on Jobs, developing Gig economy, a global skills referencing framework, etc. India reaffirmed its commitment to deepening collaboration with Germany, fostering innovative projects and a shared vision for an inclusive and equitable future of work.
Gender participation in governance is fundamental to bring about equality and to cut into inequities: Vice President of India, Dr Jagdeep Dhankhar India is trying to leverage its technology for empowering people, to mitigate the suffering and to cut corruption and to generate transparency and accountability: Vice President
Vice President of India, Dr Jagdeep Dhankhar addressed the conference of African-Asian Rural Development Organization
Posted On: 21 FEB 2025 4:47PM by PIB Delhi
Addressing the delegates at the conference of African-Asian Rural Development Organization in New Delhi today the Vice President of India, Dr Jagdeep Dhankhar said that the gender participation in governance is fundamental to bring about equality and to cut into inequities. India perhaps the only country in the world that has constitutionally structured participation of women in governance. He said that in village and municipal one third seats has been reserved for women. Pertaining to women empowerment he said that his government has taken initiatives that women at all level right from the Panchayat to be empowered. He informed that lakhs of women are frequently being elected through the election process in Panchayat, Cooperative etc. level. They are heading challenges of governance at village Panchayat and district level. He said that elections have been fortified in the constitution it’s a legal framework of functioning of various democratic institution, where the participation of women has been given priority.
Dr Jagdeep Dhankhar informed that in a country of 1.5 billion people, drastic change is seen in every field in last one decade, education, economy and other basic immunity providing sectors like internet, electricity, cocking gas, toilet etc. He said that massive transformative steps have been taken through two aspects by the government that has helped the country with enormously benefited people. Of them one is education and the second is empowering of the people, when it comes to internet uses per capita India is more than USA & China.
He said that when it comes to formalization of economy or digital transfer, we account more than 50 percent of the global communities. In decade ago, our economy had only double digit in global bench mark and now we are fifth position in the world and on the way to becoming third economic power of the world in next two years. He said that our nation is set for target that India would be a developed nation by 2047; there was a time our nation has to deposit its gold with Banks in Switzerland to sustain our fiscal credibility by then the foreign exchange reserve was only 11 billion US dollar, if it can be compared to the present situation the volume has gone to 7 hundred billion US dollar. Dr Dhankhar said that India is an example for the rest of the world that what could be impacts of the good initiatives in the field of rural development; empowerment of people etc. This convergence is a significant mile stone that would take the nation to a new height. Vice President said that this conference of African-Asian Rural Development Organization would go a long way in defining the stability of the world, he said that if World’s stability is to be defined then growth of rural sector, agriculture and corporative sector etc. are top most important.
He said that the world is facing challenges for its safe existence. Indicating climate change the Vice President Shri Dhankhar said that it’s a menace created only by us by reckless exploitation of natural resources of which we are not the owner. He said that we thought that this planet is meant for only human being not for others but there are also other challenges that include hunger, poverty. In one hand we have exploited technology to its maximum extent and on the other hand we have problem like hunger & poverty. In such a situation India is trying to leverage its technology for empowering people, to mitigate the suffering and to cut the corruption and to generate transparency and accountability.
Source: Hong Kong Government special administrative region
LegCo Spring Luncheon (with photos) LegCo Spring Luncheon (with photos) ***********************************
The following is issued on behalf of the Legislative Council Secretariat: The President of the Legislative Council (LegCo), Mr Andrew Leung, hosted a spring luncheon today (February 21) in the Dining Hall of the LegCo Complex for the Chief Executive, Mr John Lee, Executive Council Members, senior Government officials and LegCo Members. Nearly 200 guests and Members attended the luncheon to celebrate the Chinese New Year. Mr Leung said that as Hong Kong navigates a complex international geopolitical environment while addressing a financial deficit, Hong Kong must promote our innovation development and economic transformation by all means and at full speed. He added that the LegCo will continue to fully support the Government in swiftly implementing all development plans that benefit Hong Kong. He also expressed his wish for the country and Hong Kong to successfully overcome challenges and thrive in the Year of the Snake. Before attending the luncheon, Mr Lee, accompanied by Mr Leung, visited the PANDA GO! FEST HK exhibition in the Main Lobby of the LegCo Complex and took photos with the panda sculptures.
17.01 lakh new workers enrolled under ESI Scheme in the month of December, 2024 8.22 lakh young employees upto the age group of 25 years constitute new registrations
3.46 lakh female employees enrolled in the ESI Scheme
20,360 new establishments registered under ESI Scheme in the month of December, 2024
73 transgender employees registered under ESI Scheme in December, 2024
Posted On: 21 FEB 2025 4:12PM by PIB Delhi
The provisional payroll data of ESIC reveals that 17.01 lakh new employees have been added in the month of December, 2024.
20,360 new establishments have been brought under the social security ambit of the ESI Scheme in the month of December, 2024 thus ensuring social security to more workers.
Through the data, it is noticeable that out of the total 17.01 lakh employees added during the month, 8.22 lakh employees amounting to around 48.35% of the total registrations belong to the age group of upto 25 years.
Also, the gender-wise analysis of the payroll data indicates that the net enrolment of female members has been 3.46 lakh in December, 2024. Besides, a total of 73 transgender employees have also got registered under ESI Scheme in the month of December, 2024 which attests the commitment of ESIC to deliver its benefits to every section of the society.
The payroll data is provisional since the data generation is a continuous exercise.
Union Minster Shri Shivraj Singh Chouhan to visit the inaugural function of Pusa Krishi Vigyan Mela 2025 at ICAR-IARI in New Delhi tomorrow The theme of the mela is Unnat Krishi – Viksit Bharat
Posted On: 21 FEB 2025 3:53PM by PIB Delhi
Union Minster of Agriculture and Farmers’ Welfare Shri Shivraj Singh Chouhan will visit the Pusa Krishi Vigyan Mela 2025 in New Delhi tomorrow. Shri Chouhan will be the Chief Guest of the inaugural function. Pusa Krishi Vigyan Mela (PKVM) 2025 of Indian Council of Agricultural Research -Indian Agricultural Research Institute (ICAR-IARI) is going to be held during February 22-24, 2025. The theme of the mela is Unnat Krishi – Viksit Bharat. Ministers of State for Agriculture and Farmers’ Welfare Shri Ramnath Thakur and Shri Bhagirath Choudhary will be the Chief Guest of the Valedictory Session on 24th February 2025. Secretary DARE and Director General, ICAR, Dr. Himanshu Pathak will preside over the inaugural and valedictory sessions.
The main attractions of the PKVM this year will be:
Live demonstrations of the new varieties and technologies developed by IARI
Exhibitions on promising technologies, products and services of IARI as well as ICAR Institutes, Agricultural Universities, KVKs, FPOs, entrepreneurs, start-ups, public and private companies
Technical Sessions and Farmers-Scientists interactions on important issues like Climate Resilient Agriculture, Crop Diversification, Digital Agriculture; Entrepreneurship Development of Youth and Women; Agricultural Marketing, Farmers Organizations and Start-ups; and Farmers’ Innovation
Sale of Pusa Seeds of important varieties
On-Spot agro-advisories
Realizing the growing significance of climatic risk and nutrition, the research program at IARI laid emphasis upon on developing climate-resilient crop varieties and bio-fortified cultivars with enhanced nutrient profile along with higher productivity. During 2024, a total of 27 crop cultivars in 10 different crops namely, 7 in bread wheat, 3 in rice, 8 maize hybrids, 1 pearl millet hybrid, 2 chickpea cultivars, 1 pigeon pea hybrid, 3 mung bean varieties, 1 lentil variety, 2 double zero mustard varieties and 1 soybean variety have been released. These include 16 varieties and 11 hybrids. IARI has been making stupendous contributions in Basmati rice production and trade through development of superior varieties. Basmati rice varieties including Pusa Basmati 1718, Pusa Basmati 1692, Pusa Basmati 1509 and the ones with resistance to both bacterial blight and blast diseases namely, PB 1847, PB 1885, and PB 1886 contribute to about 90% of the 5.2 million tons of Basmati rice exports earning of Rs. 48389 crores from India in 2023-2024. During April to November 2024, the export earnings from our Basmati rice stands at Rs 31,488 crores. Two short duration non-Basmati rice varieties namely, Pusa 1824 and Pusa 2090 have been released, which can help provide sufficient time for after-harvest operations. Pusa RH 60 is a high-yielding, short-duration, aromatic rice hybrid with long slender grains, best suited for Bihar and Uttar Pradesh. Pusa Narendra KN1 and Pusa CRD KN2 are improved Kalanamak varieties with better resistance and higher yield, recommended for Uttar Pradesh.
Institute’s research program also laid focus upon nutritional security and developed eight biofortified cultivars. One bread wheat variety (HI 1665) and one durum wheat, HI 8840 was developed with high iron and zinc content, suitable for central zone. A multi-nutrient hybrid Pusa Biofortified maize Hybrid 5 has been developed, which is enriched with α-tocopherol (21.60 ppm) provitamin A (6.22 ppm), high lysine (4.93%) and tryptophan (1.01%). Pusa Biofortified Maize Hybrid-4 is biofortified with high provitamin A, lysine, and tryptophan.Pusa Popcorn Hybrid-1 and Hybrid-2 offer high popping percentage and butterfly-type popped flakes, ideal for NWPZ and PZ zones.Pusa HM4 Male Sterile Baby Corn-2 is a male sterile-based hybrid developed for NEPZ, PZ, and CWZ zones.
Two double zero mustard varieties (Pusa Mustard 35 and Pusa Mustard 36) were released with low erucic acid and glucosinolates content; which provide high yield under timely sown irrigated conditions in Zone-III (Madhya Pradesh, Uttar Pradesh, Uttarakhand, and Rajasthan). Pearl Millet Pusa 1801 (MH 2417) is a dual-purpose variety (grain and fodder) biofortified with high iron (70 ppm) and zinc (57 ppm) content. It is resistant to multiple diseases and is best suited for the NCT of Delhi. Chickpea var Pusa Chickpea Vijay 10217 is a high-yielding variety resistant to Fusarium wilt, recommended for irrigated conditions in Uttar Pradesh. Chickpea var Pusa 3057 has high seed protein content (24.3%) and is resistant to multiple diseases, including Fusarium wilt, collar rot, and dry root rot. It is also moderately resistant to pod borer and has large seeds with excellent grain color and shape. Pigeon pea var Pusa Arhar Hybrid-5 is a high-yielding variety (23.35 q/ha on average, with a potential of 25.46 q/ha) resistant to SMD, Phytophthora stem blight, Macrophomina blight, and Alternaria leaf spot, making it suitable for Delhi and NCT.
Striving towards attainment of goals of crop diversification for economic as well as ecological benefits, Institute has standardized Integrated Farming System Models (IFS). Integrated farming system model of 1.0 ha area for small farmers involving crops, dairy, fishery, duckery, biogas plant, fruit trees and agro-forestry developed by ICAR-IARI has potential to generate the net returns up to Rs. 3,79,000/ha/year with an employment generation of 628 man-days. Similarly, Integrated Farming System Model of 0.4 ha area for marginal farm holders integrating polyhouse culture, mushroom cultivation along with crop and horticulture enterprises has the potential to generate the net income of Rs. 1,75,650/acre/year.
Horticulture-based crop diversification has been popular among farmers. Cultivation of vegetables, fruits and flowers has been profitable, while fruits and vegetable cultivation is also useful in promotion of nutritional security. To promote vegetable cultivation, IARI has developed 268 improved vegetable varieties in 48 vegetable crops comprising of 41 hybrids and 227 varieties. IARI has developed nutritionally superior varieties in carrot (Pusa Prateek, Pusa Rudhira, Pusa Asita), okra (Pusa Lal Bhindi-1), Indian bean (Pusa Lal Sem), broccoli (Pusa Purple Broccoli-1) & Vitamin C rich spinach variety (Pusa Vilayati Palak) to address the issue of malnutrition. Yellow vein mosaic virus (YVMV) resistant andEnation leaf curl virus ELCV tolerant okra varieties (Pusa Bhindi-5 and DOH-1) were released to minimize the application of pesticides use and reduction in cost of cultivation. Six varieties and one hybrid in brinjal, three varieties in onion, two varieties and one hybrid in cucumber, three varieties in Indian bean, three hybrids in bitter gourd, two varieties and one hybrid in musk melon were released for cultivation. Two soft-seeded guava varieties, Pusa Aarushi (red pulp) and Pusa Pratiksha (white pulp), have been developed along with a gynodioecious, semi-dwarf papaya variety, Pusa Peet. One marigold variety i.e. Pusa Bahar has been recommended for release. A mid-season gladiolus var. Pusa Sinduri has been released for West Bengal, Punjab, New Delhi and Rajasthan. The production of quality seeds has increased more than four times since 2018-19 (239.861 tons) to 975.478 tons in 2023-24. The nutritious food products developed by the Division of Biochemistry are Divine Dough which is pearl millet flour with richness of quality protein, resistant starch, fibre and micronutrients like Fe and Zn. Pearly Loaf is a gluten-free bread pre-mix made entirely from whole pearl millet, offering a nutritious alternative to wheat-based bread. With a low glycemic index (pGI 68-69%), it supports blood sugar management while being rich in fiber, essential minerals, and bioactive compounds.
A rapid colorimetric test kit named ‘Speedy Seed viability kit’ has been developed by our institute to distinguish between viable and non-viable seeds within 1–4 hours, depending on the seed type. Pusa STFR Meter developed by ICAR-IARI is a low cost, user-friendly, digital instrument to analyses fourteen important soil parameters including secondary and micronutrients viz., soil pH, EC, organic carbon, available N (derived from organic carbon), P, K, S, B, Zn, Fe, Cu, Mn as well as lime and gypsum requirement. Pusa Decomposerdeveloped by ICAR-IARIis an eco-friendly and economically viable effective microbial solution for in-situ and ex-situ residue management. It has also been developed into ready to use powder formulation, which is completely dissolvable in water and can be used easily with mechanical sprayers. 500g per acre is recommended for decomposition of paddy straw in the field. The farm Sun Fridge developed by ICAR-IARI is an off-grid, battery-less solar refrigerated and evaporative cooled (SREC) structure. The objective of the technology is to have a solar cold store on farm fields. The cold store is used for storage of perishables. “PUSA MeFly KIT” and “PUSA CueFly KIT” are ready-to-use kits to manage fruit fly menace in a wide range of fruit and cucurbit vegetables, respectively. Point of care diagnostic kit and Easy PCR detection kit have been developed for rapid detection of chilli leaf curl virus and mung bean yellow mosaic virus, respectively. Pusa Dhan Bakanae parikshan kit has been developed for identifying pathogens causing bakanae disease in seed as well as in soil.
Source: Hong Kong Government special administrative region
In response to the application for provisional liquidation by Paul Y Engineering Group Limited (Paul Y), a Government spokesman today (February 21) gave the following response:
The Government noted that an application was made by Paul Y to the court recently to appoint a provisional liquidator for its five subsidiaries to handle debts and formulate a restructuring plan, and that the court held a hearing and approved the application today. Since it was a corporate decision of Paul Y to submit the application, and legal proceedings are underway, it is inappropriate for the Government to comment on the details.
The Government spokesman said that any enterprise encountering financial difficulties has its own reasons, and the enterprise has to find a suitable solution based on its actual circumstances. As there have been market rumours and media reports of financial difficulties and layoffs at Paul Y for some time, the Government has been paying close attention to the situation and making preparations to reduce the impact on relevant works projects and subcontractors and to assist affected employees.
Regarding public works projects, Paul Y’s subsidiaries are undertaking the construction of 13 public works contracts, among which 12 contracts are undertaken by Paul Y and other construction companies by way of joint venture. These contracts are managed by various government departments separately, including the Civil Engineering and Development Department, the Architectural Services Department, the Electrical and Mechanical Services Department, the Highways Department, the Drainage Services Department, the Water Supplies Department and the Environmental Protection Department. As the majority of the contracts are undertaken by joint ventures, regardless of whether Paul Y is liquidated eventually, the other participants of the joint venture contracts must complete the remaining works in accordance with the contract requirements. The Development Bureau (DEVB) has assessed that the joint venture participants concerned are capable of undertaking the remaining works, and they have also expressed that they will continue to execute the contracts. The only project solely undertaken by Paul Y has largely entered the completion stage. Overall, the DEVB believes that the impact of the situation of Paul Y on relevant public works projects is manageable, and will closely monitor the situation.
On the other hand, Paul Y has also undertaken works projects of other public organisations, some of which are undertaken by joint ventures. As aforementioned, it is believed that the impact is manageable. For other projects solely undertaken by Paul Y, the public sector owners have replaced the main contractor of most of the projects in accordance with the established mechanism to ensure the smooth completion of the projects. Owners of a few other projects are also carrying out such arrangements with a view to minimising the impact on the projects.
As the majority of the Government and public sector projects will be undertaken by other participants of the joint ventures or have the main contractor replaced in accordance with the mechanism, if Paul Y is liquidated by the court eventually, the succeeding contractor will follow the request made by the Government and public sector owners to try to accommodate the situation of existing subcontractors and workers so that they can continue to work on the relevant projects for the sake of maintaining continuity.
In respect of Paul Y’s debt matters, the affected subcontractors or suppliers can apply for claims through legal means. The Government, including the Hong Kong Monetary Authority (HKMA), has been in contact with the construction industry and the banking sector. If subcontractors or suppliers face cash-flow pressure due to the Paul Y incident, the HKMA and the DEVB, together with the Construction Industry Council, will communicate with the Hong Kong Association of Banks so that banks can consider providing assistance on a case-by-case basis. Relevant enterprises can proactively contact lending banks and provide all relevant information so that the banks can understand the actual circumstances of the enterprises in a timely manner and provide flexible arrangements as far as feasible.
In respect of employment rights and benefits, the Labour Department (LD) has all along been requiring Paul Y to pay wages and provide statutory rights to its employees in accordance with the Employment Ordinance (EO) and fulfil its obligations under the EO as a main contractor to pay the first two months’ unpaid wages of an employee who is employed by its subcontractors. The LD will continue to maintain contact with Paul Y, its subcontractors and relevant stakeholders to co-ordinate assistance for employees. Employees of Paul Y and its subcontractors who have enquiries on their employment rights and benefits may call the LD’s dedicated hotline at 3580 8721 or visit 10 branch offices of the Labour Relations Division in the territory.
Source: Hong Kong Government special administrative region
Hong Kong Customs yesterday (February 20) detected a suspected smuggling case involving a cross-boundary goods vehicle at the Hong Kong-Zhuhai-Macao Bridge (HZMB) Hong Kong Port. A batch of suspected smuggled seafood, including about 1 450 kilograms of oysters, 1 150kg of fish, 300kg of lobsters, with a total estimated market value of about $1.39 million, was seized.
Based on risk assessment, Customs yesterday intercepted an outgoing goods vehicle at the HZMB Hong Kong Port. Upon inspection, Customs officers found the batch of unmanifested cargo items inside the vehicle.
A 57-year-old male driver was arrested and was put on bail pending further investigation.
Customs will continue to combat cross-boundary smuggling activities with firm enforcement action based on risk assessment and intelligence analysis.
Smuggling is a serious offence. Under the Import and Export Ordinance, any person found guilty of importing or exporting unmanifested cargo is liable to a maximum fine of $2 million and imprisonment for seven years.
Members of the public may report any suspected smuggling activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002/).
Continuing the drive against modules involved in the import of security paper and printing Fake Indian Currency Notes (FICN), on 20th February 2025, DRI conducted simultaneous searches at 11 different places across Maharashtra, Haryana, Telangana, Tamil Nadu and Bihar yesterday and busted seven (7) additional modules involved in printing of FICN.
Earlier on 8th Feb, 2025, the Directorate of Revenue Intelligence (DRI) had arrested two persons found to be the actual importers of high-quality paper with embedded security thread having inscriptions of ‘RBI’ and ‘Bharat’ (‘security paper’) in Ghazipur District, Uttar Pradesh and Bengaluru, Karnataka and in the follow-up next day on 9th Feb, DRI had busted two facilities (Thane, Maharashtra & Bhiwani District Haryana) printing FICN using imported security papers, where three persons were arrested by jurisdictional police authorities based on complaint made by DRI.
In the present case, in Vikhroli West, Mumbai, DRI identified and located the importer. After thorough search in a densely populated locality, a sophisticated facility for printing and finishing the Fake Indian Currency Notes was unearthed and fake currency of denomination of Rs. 50 & Rs. 100, several machinery/tools were seized. Seized items includes laptops, printers, pen drives, security paper, A-4 sized papers & butter paper with watermark of Mahatma Gandhi etc. On the basis of the complaint filed by DRI officers, the person was arrested and all the apparatus and tools were seized by the jurisdictional police authorities under Bhartiya Nyaya Sanhita (BNS) for further investigation.
In Sangamner district and in Kolhapur district, the DRI unearthed similar set up with computers and printers, which were being used to print fake Indian Currency Notes. At both the places, on the basis of the complaint filed by DRI officers, the two accused were arrested and the contraband was seized by the jurisdictional police authorities under BNS for further investigation.
The questioning of the accused in the Kolhapur module led to the busting of another module with printing set up in Belgaum, by Kolhapur police, who arrested three more persons in the case.
In three other locations, (West Godavari district in Andhra Pradesh; Khagaria District in Bihar and Rohtak in Haryana) the importers of the security paper were traced. Incriminating evidence such as restricted security paper and printer at West Godavari; laptops, printer and restricted security paper at Khagaria district were also recovered. The three accused have been arrested by jurisdictional police based on complaint by DRI officials and the matter has been handed over for further investigation under BNS.
Source: Hong Kong Government special administrative region
Correctional officers intercept smuggling of suspected dangerous drug into Tai Lam Centre for Women Correctional officers intercept smuggling of suspected dangerous drug into Tai Lam Centre for Women ******************************************************************************************
Correctional officers at Tai Lam Centre for Women today (February 21) intercepted a female remand person in custody smuggling a suspected dangerous drug into the centre by concealing it inside her body. The 25-year-old person in custody was remanded for the offence of trafficking in a dangerous drug on February 18. After undergoing X-ray body scanning, she was suspected to have swallowed the dangerous drug before admission. She was therefore separated and put under close monitoring. At 2.36pm today, she discharged one pack of the suspected dangerous drug, which weighed about 12 grams and was wrapped in a plastic sheet. The case has been reported to the Police for follow-up. A spokesman for the Correctional Services Department said, “The department takes every measure to stop the introduction of dangerous drugs or unauthorised articles into correctional institutions in order to maintain good order and discipline, and a drug-free environment for all persons in custody.”
The Telecom Regulatory Authority of India (TRAI) has today released Recommendations on ‘Framework for Service Authorisations for provision of Broadcasting Services under the Telecommunications Act, 2023’.
As per the extant guidelines for various broadcasting services, licenses/permissions/ registrations are issued by Ministry of Information and Broadcasting (MIB) under Section 4 of the Indian Telegraph Act, 1885 for provision of broadcasting services, like, television channel uplinking/downlinking (including Teleport), SNG/DSNG, DTH, HITS, IPTV, FM Radio, and Community Radio Stations (CRS).
The Government has notified the Telecommunications Act, 2023 in the Gazette of India, which repeals the Indian Telegraph Act, 1885. However, the appointed date for various sections of the Telecommunications Act, 2023 is yet to be notified. Section 3(1)(a) of the Telecommunications Act, 2023 mandates authorisation for those intending to provide telecommunication services, subject to the terms and conditions, including fees or charges, as may be prescribed.
MIB, vide its letter dated 25th July 2024, has sought recommendations of TRAI under Section 11(1)(a) of TRAI Act, 1997 on the terms and conditions, including fees or charges; for authorisation to provide broadcasting services, aligning it to the Telecommunications Act, 2023 and harmonizing the terms and conditions across various service providers.
Accordingly, on 30th October 2024, the Authority initiated a consultation process by releasing a Consultation Paper titled ‘Framework for Service Authorisations for provision of Broadcasting Services under the Telecommunications Act, 2023‘ and sought stakeholder’s comments. In response, the comments and counter comments received from the stakeholders were uploaded on TRAI’s website. As part of the consultation process, Open House Discussion (OHD) was held on 18th December 2024.
Based on the comments and counter-comments received from stakeholders as well as inputs gathered during OHD, examination of the existing provisions of various broadcasting policy guidelines, taking into account relevant earlier recommendations of TRAI that are under consideration of the Government, and its own analysis, TRAI has collated and restructured the terms and conditions into a simplified authorisation framework. The terms and conditions are aligned to the relevant provisions of the Telecommunications Act, 2023. Accordingly, TRAI has finalized its Recommendations on ‘Framework for Service Authorisations for provision of Broadcasting Services under the Telecommunications Act, 2023’. The recommendations aim to promote growth and enhance ease of doing business in the sector.
The recommended authorisation framework provides for two distinct sets of terms and conditions, the first set, for the applicant entity intending to obtain authorisation for broadcasting services; and the second set, to comply with by the authorised entity for service provisioning during the period of authorisation.
These two sets of terms and conditions should be adopted while framing the Rules, namely, ‘The Broadcasting (Grant of Service Authorisations) Rules’ and ‘The Broadcasting (Television Channel Broadcasting, Television Channel Distribution, and Radio Broadcasting) Services Rules’.
The recommended authorisations for broadcasting services include those for Television Channel Broadcasting (Satellite-based/Ground-based), News Agency for Television Channel(s), Teleport/Teleport Hub, Uplinking of Live event/news/footage by Foreign Channel/News Agency, Direct to Home (DTH) Service, Head End in the Sky (HITS) Service, Terrestrial Radio Service, Community Radio Stations and Low Power Small Range Radio Service.
Salient points of the recommendations are given below:
Broadcasting service authorisations shall be granted under Section 3(1)(a) of the Telecommunications Act, 2023, in place of the extant practice of issuing license/permission under Section 4 of the Indian Telegraph Act, 1885. Terms and conditions for service authorisations shall be notified as Rules under Section 56 of the Telecommunications Act, 2023.
Grant of service authorisation under Section 3(1)(a) should be in the form of an authorisation document containing essential details pertaining to the service. The format of the authorisation document has been recommended.
The terms and conditions for ‘Grant of Service Authorisations’ have been harmonized for similar services and covers eligibility criteria, application process and other relevant details/information required by an applicant entity before applying for service authorisation.
Migration of existing licensee/permission holder to new authorisation regime shall be voluntary, till the expiry of their license/permission. Further, no processing fee or entry fee will be required for migration, in case of broadcasting services. However, the validity period of the respective service authorisation should be from the effective date of migration to the authorisation regime, irrespective of the validity period of existing license/permission.
Addition of new services, namely, ‘Ground-based Broadcasting of a Television Channel’ and ‘Low Power Small Range Radio Service’, based on earlier recommendations of the Authority.
The terms and conditions for service provisioning encompasses two parts, namely, ‘Common Terms and Conditions’ applicable to all broadcasting service authorisations in a harmonized manner and ‘Specific Terms and Conditions’ applicable to service specific authorisations.
To protect the interests of service providers, it has been recommended that amendments to terms and conditions of service authorisations (except for reasons of National Security) shall require TRAI’s recommendations.
Mandatory co-location should be removed for authorised entities of Radio Broadcasting Services.
Infrastructure sharing, on voluntary basis, among broadcasting service providers as well as with the telecom service providers/infrastructure providers, wherever technically and commercially feasible, has been recommended.
Authorised entities of ‘Television Channel Distribution Services’ shall endeavour to adopt interoperable STBs to enhance consumer choice and reduce electronic waste.
TEC to prepare and notify standards for interoperable STBs and television sets with inbuilt STB functionality.
The minimum net worth requirement of Rs. 100 crore for the Internet Service Providers to provide IPTV Service is recommended to be removed and the same should be aligned with the provisions contained in the authorisation for Internet Services to be issued by DoT.
Terms and conditions for Radio Broadcasting Service have been made technology agnostic enabling adoption of digital technology.
Service authorisation for ‘Terrestrial Radio Service’ to be delinked from frequency assignment and the auction of spectrum for frequency assignment for Terrestrial Radio Service shall be done separately.
In addition to broadcasting of radio channel(s), the authorised entities for Terrestrial Radio Service should be allowed streaming the same content through internet concurrently without any user control.
MIB should prescribe separate Programme Code and Advertisement Code for radio broadcasting service providers.
The terms and conditions including fees and charges for various broadcasting services, particularly in the ‘Television Channel Distribution Services’, have been harmonized with the provisions in the Telecommunications Act, 2023. Salient recommended terms and conditions are as under:
Conditions
Existing
Recommended
Authorisation Fees (erstwhile License Fee) for DTH services
8% of AGR
3% of AGR, to be reduced to ‘zero’. No authorisation fee after the end of FY 2026-27
Authorisation Fees (erstwhile Annual Fee) for Radio Broadcasting Services
4% of GR or 2.5% of NOTEF, whichever is higher;
2% of GR or 1.25% of NOTEF for NE states, J&K and island territories during initial 3 years, thereafter as above
4% of AGR for all the cities;
2% of AGR for NE states, J&K and island territories during initial 3 years, thereafter as above
Bank Guarantee for
DTH Service
Rs. 5 crore initial, thereafter License Fee of two quarters
Rs. 5 crore or 20% of Authorisation Fee for two quarters, whichever is higher
Bank Guarantee for
HITS Service
Rs. 40 crore for initial 3 years
Rs. 5 crore for the validity of authorisation
Processing Fees of
HITS Service
Rs. 1 Lac
Rs. 10000
Validity Period of
HITS Service
10 years initially, no provision for renewal
20 years with renewal by 10 years at a time
Renewal Period for Terrestrial Radio Service
No provision for renewal in FM Radio
Renewal by 10 years at a time
In addition to harmonization of financial requirements, harmonization of common terms and conditions, roll out obligations for similar services (DTH and HITS), provisions enabling infrastructure sharing, provisions applicable in case of emergency/disaster, monitoring and inspection, contravention of rules, applicable Program Code and Advertisement Code for television broadcasting /distribution services and that for all Radio broadcasting services has been recommended.
The Recommendations have been placed on the TRAI’s website (www.trai.gov.in). For any clarification/information Dr. Deepali Sharma, Advisor (Broadcasting and Cable Services), TRAI may be contacted at Telephone Number +91-11-20907774.
The Finance Minister of Gujarat, Shri Kanu Desai, presented the Budget 2025-26 digitally via National eVidhan Application (NeVA) at the Assembly, marking a step towards paperless governance.
National eVidhan Application is a transformative project under the Digital India initiative aiming to transform the governance landscape in India with a paperless and digital legislative process.
Building Bridges of friendship whilst training young minds, the ships of First Training Squadron – INS Tir and ICGS Veera arrived at Cam Ranh Bay, Vietnam on 20 Feb 25. The ships received a warm welcome by the Vietnam People’s Navy and members of Indian mission at Vietnam. The visit is poised to further strengthen the longstanding friendship and growing partnership between the two maritime nations.
During the port call, various cross training visits, professional and community interactions including a visit to Vietnam Naval Academy are planned. The visit will conclude with bilateral exercises with Vietnam People’s Navy and Coast Guard. The exercise would further enhance the interoperability and exchange of Best Practices.
India and Vietnam share comprehensive strategic partnership which was further strengthened during the recent visit of the PM of Vietnam to India in Aug 24. Furthering the ties, the visit by Training Squadron of the Indian Navy to Vietnam reinforces closer maritime cooperation and training exchange between the two Navies. The extant deployment is aligned with Government of India’s broader initiative to enhance capacity building and strengthen regional maritime security in line with the vision of Security And Growth for All in the Region (SAGAR).
Earlier on 8th Feb, 2025, the Directorate of Revenue Intelligence (DRI) had arrested two persons found to be the actual importers of high-quality paper with embedded security thread having inscriptions of ‘RBI’ and ‘Bharat’ (‘security paper’) in Ghazipur District, Uttar Pradesh and Bengaluru, Karnataka and in the follow-up next day on 9th Feb, DRI had busted two facilities (Thane, Maharashtra & Bhiwani District Haryana) printing FICN using imported security papers, where three persons were arrested by jurisdictional police authorities based on complaint made by DRI.
Continuing the drive against modules involved in the import of security paper and printing Fake Indian Currency Notes (FICN), on 20th February 2025, DRI conducted simultaneous searches at 11 different places across Maharashtra, Haryana, Telangana, Tamil Nadu and Bihar yesterday and busted seven (7) additional modules involved in printing of FICN.
In Vikhroli West, Mumbai, DRI sleuths identified and located the importer. After thorough search in a densely populated locality, a sophisticated facility for printing and finishing the Fake Indian Currency Notes was unearthed and fake currency of denomination of Rs. 50 & Rs. 100, several machinery/tools were seized. Seized items includes laptops, printers, pen drives, security paper, A-4 sized papers & butter paper with watermark of Mahatma Gandhi etc. On the basis of the complaint filed by DRI officers, the person was arrested and all the apparatus and tools were seized by the jurisdictional police authorities under Bhartiya Nyaya Sanhita (BNS) for further investigation.
In Sangamner district and in Kolhapur district, the DRI unearthed similar set up with computers and printers, which were being used to print fake Indian Currency Notes. At both the places, on the basis of the complaint filed by DRI officers, the two accused were arrested and the contraband was seized by the jurisdictional police authorities under BNS for further investigation.
The questioning of the accused in the Kolhapur module led to the busting of another module with printing set up in Belgaum, by Kolhapur police, who arrested three more persons in the case.
In three other locations, (West Godavari district in Andhra Pradesh; Khagaria District in Bihar and Rohtak in Haryana) the importers of the security paper were traced. Incriminating evidence such as restricted security paper and printer at West Godavari; laptops, printer and restricted security paper at Khagaria district were also recovered. The three accused have been arrested by jurisdictional police based on complaint by DRI officials and the matter has been handed over for further investigation under BNS.
Biodiversity to Bioeconomy How Biotechnology is Transforming North East India
Posted On: 21 FEB 2025 2:53PM by PIB Delhi
Nestled in the lap of the Himalayas and blessed with lush biodiversity, India’s North East Region (NER) is a land of hidden treasures. Its vibrant landscapes, rich culture, and vast pool of resources offer immense potential for innovation. Now, with the transformative power of biotechnology, the NER is not just preserving its natural heritage but also scripting a new chapter of growth and sustainability.
Imagine a region where farmers cultivate medicinal plants that fuel both health industries and local incomes, where young researchers develop resilient crop varieties that withstand changing climates, and where bio-entrepreneurs thrive by transforming indigenous knowledge into global products. This vision is steadily turning into reality, thanks to the Department of Biotechnology’s North Eastern Programme. The main objectives of the programme are:
Since 2010, DBT has consistently allocated 10% of its annual budget to specialized programmes in the NER, aiming to bridge the gap between potential and prosperity. These initiatives focus on harnessing endemic bioresources, promoting biotech education, and creating employment opportunities through bio-based entrepreneurship.
North Eastern Programme timeline
Biotechnology thrives on knowledge and innovation. Recognizing this, the DBT has launched multiple educational and training programmes focused on NER:
Twinning R&D Programme for NER
The programme was initiated in 2010-2011 towards developing core competence and capacity in various areas of biotechnology through collaboration of Institutes from North East India with other leading Institutes across the country. The programme has catalyzed vibrant collaborations between 65+ institutions from NER and those from the rest of India in various spheres of biotechnology, where close to 650 R&D projects has been supported benefitting around 450 researchers and 2000 young researchers / students.
Collaborations under the DBT- Twinning R&D Programme
Establishment of Biotech Hubs across NER
Since 2011, a network of 126 Biotech Hubs were established across NER, providing necessary infrastructure in universities/ colleges/ institutions and the required training in sophisticated technologies to support and promote biological sciences / biotechnology education and research. In the Phase-II, 54 Biotech have been supported for focused Research & training on local issues.
Biotechnology Labs in Senior Secondary schools (BLiSS) of NER
To create awareness among school students about biological sciences at the school level and also to provide an environment of access to a well-equipped laboratory, DBT initiated a programme for establishing “Biotechnology Labs in Senior Secondary Schools (BLiSS)” in NER in 2014.
Visiting Research Professorship (VRP) programme
The Programme was initiated in 2015, to utilize the expertise of outstanding scientists for bringing advancements in the Biotechnology and Life Science related activities in various institutions of research and higher learning in the NE States of India.
Specialized training programmes for NE researchers by National Institutions
Chemical Ecology Programme between NER and Bangalore Institutes (NCBS, UAS and IISc.) initiated in 2015, trained and equipped young scientists from the NER to produce quality research outcomes by providing tailormade interdisciplinary training to Ph.D. students and postdoctoral fellows recruited under collaborative projects in the field of chemical ecology.
Enhancing Capacity in Genomics-Driven Research in Human Health & Disease in the North-East Region by DBT-NIBMG, Kaylani.
The programme, initiated in 2016 provided comprehensive training to scientists, research students and clinicians belonging to the NER, engaged in “Biomedical Research”. Short-term training programme included workshops on various aspects of molecular and genetics-based analyses, handling clinical materials such as blood and tissue samples and/or cell lines.
The following Human Resource Development focused programmes are being implemented in the North Eastern Region:
Programmes to support locals
To emphasise services to farmers, and academics, the “DBT-North East Centre for Agricultural Biotechnology (DBT-NECAB): Phase III” project has been supported. Similarly, to strengthen Citrus research in NER, facilities were established at Institute of Horticulture Technology (IHT), Mandira, Assam, for the generation of certified scion material from Khasi mandarin (Citrus reticulata) and sweet orange. Rootstocks free from Citrus greening bacteria (CGB) and Citrus tristeza virus have been developed.
In view of promoting sustainable bioresources, a total area of 64.1 acres was covered for captive cultivation of selected medicinal crops like Curcuma caesia and compound-rich lemongrass (elemicinrich and methyl-eugenol-rich). About 649 farmers and entrepreneurs from NER benefited from the training and awareness program. Additionally, an essential oil distillation unit has been installed at Mudoi village, Arunachal Pradesh, to support farmers in revenue generation. Furthermore, the Docynia indica, commonly known as Assam apple or wild apple, has been successfully explored towards making value-added products such as pickles, jam, candy, juice, etc., and the knowledge is being popularized among the tribal communities of Assam and Meghalaya through awareness campaigns and meetings
The major outcomes of the North Eastern programmes are:
Bacterial Blight resistant introgressed rice variety “Patkai”: A rice variety has been developed by AAU- Assam using introgressing blight resistant from improved samba mahsuri (ISM) into Ranjeet Sub1 background. This variety was notified by Central Variety Release Committee (CVRC)
Lateral flow assay for the rapid detection of brucellosis: A chimeric protein conjugate based Lateral Flow Assay (LFA) for the detection of anti-brucella antibodies in multiple livestock was standardized. The analytical sensitivity considering iELISA test as gold standard with sera sample revealed significant positivity in lateral flow tests.
Mobile app – Pig Disease Diagnosis Expert System (PDDES), a Computer-based application to assist in the diagnosis of pig diseases or medical conditions was developed. Using PDDES, veterinarians, farmers, and other swine industry professionals can quickly identify and treat diseases to minimize their impact on pig production and profitability. The application is available in Google playstore.
By harnessing the region’s rich biodiversity and empowering local communities through education, research, and entrepreneurship, the Department of Biotechnology’s initiatives are not only preserving cultural and ecological heritage but also driving sustainable economic growth. As North East India continues to evolve into a hub of bio-innovation, it sets a remarkable example of how science and tradition can coexist to shape a prosperous and sustainable future.
Source: Hong Kong Government special administrative region
The Commissioner of Customs and Excise, Mr Chan Tsz-tat, today (February 21) held a courtesy meeting with the Director-General of Abu Dhabi Customs of the United Arab Emirates (UAE), Mr Rashed Lahej Al Mansoori, in the Customs Headquarters Building. The visit aimed to forge closer ties and strengthen business connections between the two sides.
Mr Chan welcomed the visit by Mr Al Mansoori. During the meeting, both sides reviewed the strong economic and trade connections and the close relationship between the UAE and the Hong Kong Special Administrative Region, and the on-going collaborative efforts of the two Customs administrations in enforcement co-operation and trade facilitation. They also exchanged views on issues of mutual concern.
Mr Chan said that Hong Kong Customs is committed to maintaining solid connections with international and regional counterparts, and joining hands to enhance and promote customs efficiency, to create a more competitive environment for international trade.
An innovative method to minimize anion migration in perovskite nanocrystals, thereby reducing their sensitivity to heat and moisture, as well as colour instability, paving the way for efficient, durable optoelectronic devices.
Lighting consumes nearly 20% of global electricity, and advancements in lighting technology have significantly improved energy efficiency. From the incandescent and fluorescent lamps of the past to the invention of LEDs in the 1960s, lighting has come a long way.
A pivotal breakthrough occurred in 1993 when Shuji Nakamura and his team members developed high-brightness blue LEDs, enabling energy-efficient white LEDs (WLEDs), a feat recognized with the 2014 Nobel Prize in Physics. Today, LEDs lead the market in efficiency and lifespan.
Currently, emerging light related technologies like OLEDs that offer vibrant colors, QLEDs that provide precise colour control and durability and micro/mini-LEDs that deliver high brightness and stability, are shaping the future of lighting.
While thin and flexible OLEDs (Organic LEDs) are costly and have shorter lifespans, QLEDs (Quantum Dot LEDs) are toxic and their production is challenged by resource scarcity and Micro/Mini-LEDs are limited in their application due to high production costs.
Perovskite (class of compounds which have the same type of crystal structure as CaTiO3 – Calcium Titanate) LEDs (PeLEDs) combine the advantages of OLEDs and QLEDs, positioning them as an excellent choice for next-generation lighting. However, their widespread application is limited by challenges such as sensitivity to heat and moisture, as well as colour instability caused by anion migration (which occurs when halide ions — chloride, bromide, or iodide move between quantum dots in mixed layers).
To tackle this issue, researchers at the Centre for Nano and Soft Matter Sciences (CeNS) in Bengaluru, an autonomous institute under the Department of Science and Technology (DST), have developed an innovative method to minimize anion migration in CsPbX₃ perovskite nanocrystals.
The team, led by Dr. Pralay K. Santra, synthesized green light emitting cesium lead bromide (CsPbBr₃) perovskite nanocrystals using a hot injection method, where oleylamine serves as the passivating ligand. To enhance stability, they applied argon-oxygen (Ar-O₂) plasma treatment, which immobilizes the surface ligands by creating a cross-linked, hydrophobic layer. This approach effectively stabilizes the ligands and slows anion exchange, significantly improving colour stability by several orders.
This breakthrough published in the journal Nanoscale, provides valuable insights into stabilizing perovskite nanocrystals, paving the way for efficient, durable optoelectronic devices.
India Assumes Chairmanship of Bay of Bengal Inter-Governmental Organisation at the 13th Governing Council Meeting in Malé, Maldives Pledges Stronger Regional Cooperation for Strengthening Blue Economy and Protection of Marine Ecosystems
Posted On: 21 FEB 2025 5:21PM by PIB Delhi
In a historic move, India assumedChairmanship of Bay of Bengal (BOB) Inter-Governmental Organisation from Bangladesh at the 13th Governing Council Meeting at Malé, Maldives today, in the presence of senior government representatives from Sri Lanka, Maldives and Bangladesh. The event was part of the high-level conference ‘Policy Guidance for Mainstreaming Ecosystem Approach to Fisheries Management (EAFM) in Small-Scale Fisheries’, hosted by the Ministry of Fisheries & Ocean Resources of the Maldives government, in collaboration with the Bay of Bengal Programme Inter-Governmental Organisation (BOBP-IGO), that has been successfully convened from February 20 to 22, 2025, in Lankanfinolhu, Maldives.
The Indian delegation, led by Dr. Abhilaksh Likhi, Secretary, Department of Fisheries, Government of India (GoI) assumed the Chair during the event. Secretary, Department of Fisheries highlighted that India is committed to upholding and building upon the achievements of the Bay of Bengal Programme Inter-Governmental Organisation (BOBP-IGO) as the leadership transitions from Bangladesh to India. He assured that the Department of Fisheries (GoI) would diligently work towards elevating the success of BOBP- IGO to newer heights and will be forthcoming in providing definitive guidance for all future endeavours for the development of fisheries sector across all member countries.
Further, Dr. Abhilaksh Likhi underscored the importance of regional collaboration, and the crucial role India and other countries are playing in advancing the interests of the developing nations. Key areas of focus for increased regional co-operation include marine resource management, training & capacity building programs, research & policy advocacy, addressing Illegal, Unreported, and Unregulated (IUU) fishing, resolving regional issues etc. As India remains optimistic about receiving continued support and collaboration from Food and Agriculture Organization (FAO), Southeast Asian Fisheries Development Center (SEAFDEC), United Nations Office on Drugs and Crime (UNODC), and other relevant organizations, Secretary, Department of Fisheries (GoI) urged all member nations to enhance and foster mutual support through exchange of knowledge, technology, experiences, data and best practices. The collaborations are expected to strengthen region’s blue economy, harmonize economic development along with protection of marine ecosystem and help in poverty alleviation. During the meeting, Secretary, Department of Fisheries (GoI) highlighted India’s developmental policies aimed at improving the well-being of small-scale fisheries and the sustainability measures being implemented under its various schemes and programs.
With the successful culmination of this important event and India assuming Chair of the BoBP-IGO, it will be the endeavour of the Department of Fisheries, under the Ministry of Fisheries, Animal Husbandry and Dairying to not only lead the member nations in the most effective and efficient manner through collaborative efforts but also ensure that significant progress is made in the development of Small-scale fisheries (SSF) in the region. This achievement not only bestows international leadership and responsibilities on India, it is also expected to bring in multifaceted advancements for achieving the national goal of ‘Viksit Bharat 2047’.
India’s Thrust on Small Scale Fisheries & The Way Forward
India Expands Collaboration with UK in Key Areas of Telecom, AI, and Emerging Technologies C-DOT and SONIC Labs Join Hands to Drive Open RAN Innovation
Roundtable on Telecoms & AI: Dr. Neeraj Mittal, Secretary T highlights India’s leadership in the telecommunications sector and its rapid advancements in next-generation network technologies
Posted On: 21 FEB 2025 1:45PM by PIB Delhi
The Secretary (Telecom) of India visited the United Kingdom to engage with the Department of Science, Innovation and Technology (DSIT), UK and explore opportunities for collaboration in next-generation telecommunications, artificial intelligence, and space technology, further strengthening Indo-UK ties in these critical areas.
The Secretary (Telecom) met with Mr. Chris Johnson, National Scientific Adviser, and Mr. Dave Smith, National Technology Adviser of DSIT. The discussions centred on emerging technologies and their applications in 5G, 6G, digital infrastructure security.
The Secretary also met with Mr. Geoff Huggins, Director, Digital Directorate, Govt of Scotland, to discuss collaborative efforts in digital transformation through telecom, telecom security, and emerging telecom technologies.
Secretary (Telecom) held a field visit at one of the six Federated Telecom Hubs (FTH) in the UK, specializing in Cloud and Distributed Computing (CHEDDAR). This hub leads cutting-edge research in 6G distributed cloud, AI for 6G, green 6G, and advanced sensing technologies. Furthermore, the Secretary met with Ms. Jean Innes, CEO of the Alan Turing Institute, for discussions on potential collaboration in digital twins, AI for telecom security, ethical AI, and fostering an AI innovation and startup ecosystem.
Additionally, the Secretary visited Scotland’s 5G Centre at the University of Strathclyde and the 6G Research Centre at the University of Glasgow’s James Watt School of Engineering. These visits facilitated discussions on collaboration in 6G innovation, future sensing technologies, the exchange of technology such as the 5G stack, and student exchange programs to foster academic and industrial partnerships.
Scotland 5G Center Demonstration of remote dental surgery at 6G research Center
UK-India Telecom Roundtable & MoU Signing
Building on the strong foundation of the UK-India Technology Security Initiative (TSI), where telecom remains a key priority, a roundtable discussion was convened with key UK stakeholders from DSIT, leading business entities such as BT and Ericsson, and innovation hubs and centres, including SONIC Labs, UK Telecom Labs, TITAN, JOINER. Representatives from the UK Space Agency, European Space Agency, Innovate UK, and the UK Technology Innovation Network (UKTIN) also participated, exploring avenues for mutual cooperation. The roundtable was organized by the High Commission of India (HCI) in partnership with UKTIN. Dr. Neeraj Mittal highlighted India’s leadership in the telecom sector and its rapid advancements in next-generation network technologies.
Following the roundtable, a Memorandum of Understanding (MoU) was signed between SONIC Labs and the Centre for Development of Telematics (CDOT). The agreement focuses on Open RAN-related policy and technical matters, including 5G Open RAN and Artificial Intelligence in 4G/5G
Other key areas of collaboration which have been identified during the deliberations with various stakeholders on the telecom ecosystem of UK :
Establishment of a Joint Centres of Excellence focusing on telecom cybersecurity, AI in telecom, and digital twins.
Collaborative initiatives with British telcos to leverage mobile phone data for infrastructure planning, building upon India’s success in using such data for metro route planning.
Joint contributions to ITU for the development of 6G standards (IMT 2030).
Mutual recognition of testing labs and the establishment of new testing facilities.
Collaboration on Digital Twins, including standardization frameworks, privacy-enhancing technologies, and cross-sectoral data applications.
Advancing quantum communication solutions and submarine sea cable security.
Promoting the Indigenous 4G/5G telecom stack developed by CDOT.
Collaboration on space technology communication (TN-NTN) between the UK and India’s Bharat 6G Alliance.
This visit underscored the shared commitment of India and the UK to drive innovation in telecom and digital infrastructure, paving the way for enhanced collaboration in next-generation connectivity solutions. It also reflects India’s proactive approach to shaping global telecom policies, fostering AI-driven innovations, and strengthening international partnerships for a digitally inclusive future.
About C-DOT
C-DOT is the premier research and development centre of the Department of Telecommunications (DoT), Government of India. It is dedicated to developing indigenous telecom technologies, including 4G/5G solutions, AI-driven network management, and cybersecurity frameworks, to enhance India’s telecom ecosystem and contribute to global standardization efforts.
About SONIC Labs
SONIC Labs (SmartRAN Open Network Interoperability Centre) is a world-leading innovation programme and R&D facility based in London, funded by the UK Government’s Department for Science, Innovation and Technology (DSIT). Co-delivered by Digital Catapult and Ofcom, SONIC Labs drives global technology development in Open RAN, aiming to create a diverse and competitive telecom supply chain.
About The Alan Turing Institute, UK
The Alan Turing Institute, the UK’s national institute for data science and AI, drives world-class research, fosters AI innovation, and collaborates with academia, industry, and policymakers to address global challenges. With a network of 13 partner universities and an open collaboration model, it plays a pivotal role in advancing AI-driven solutions, shaping public policy, and developing future skills. The Institute supports global AI initiatives, where AI is a key driver of economic growth and societal transformation.
About CHEDDAR
The Communications Hub for Empowering Distributed Cloud Computing Applications and Research (CHEDDAR) is a pioneering research hub advancing next-generation computing, Edge Computing, and AI-driven systems. Funded by the Engineering and Physical Sciences Research Council (EPSRC) – UK Research and Innovation (UKRI) via the Technology Missions Fund (TMF), CHEDDAR serves as a critical platform for collaboration across academia, industry, and the global community. Led by Imperial College London, with core partners including Cranfield, Durham, Glasgow, Leeds, and York universities, CHEDDAR focuses on integrating future communication systems with cloud and AI technologies. With 6G standards on the horizon, CHEDDAR aims to drive research in secure, sustainable, and intelligent communication infrastructures, ensuring the UK remains at the forefront of technological innovation.
Source: Hong Kong Government special administrative region
The Education Bureau (EDB) today (February 21) called on the public to stay vigilant against an organisation calling itself “Kyiv State University of Economics and Business (Hong Kong Campus)”. Its website falsely claims to have the support from the “Hong Kong Education Bureau” and contains a hyperlink to the EDB website.
The EDB solemnly clarifies that it has no connection with the organisation in question. The EDB has reported the matter to the Police.
Source: Hong Kong Government special administrative region
Import of poultry eggs from Chhindwara District of Madhya Pradesh State in India suspended Import of poultry eggs from Chhindwara District of Madhya Pradesh State in India suspended ******************************************************************************************
The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today (February 21) that in view of a notification from the World Organisation for Animal Health (WOAH) about an outbreak of highly pathogenic H5N1 avian influenza in Chhindwara District of Madhya Pradesh State in India, the CFS has instructed the trade to suspend the import of poultry eggs from the area with immediate effect to protect public health in Hong Kong. A CFS spokesman said that Hong Kong has currently established a protocol with India for the import of poultry eggs but not for poultry meat. According to the Census and Statistics Department, no eggs were imported into Hong Kong from India last year. “The CFS has contacted the Indian authority over the issue and will closely monitor information issued by the WOAH and the relevant authorities on the avian influenza outbreak. Appropriate action will be taken in response to the development of the situation,” the spokesman said.
Union Home Minister and Minister of Cooperation, Shri Amit Shah, will Chair the 27th meeting of the Western Zonal Council at Pune, Maharashtra on Saturday, February 22 Prime Minister Shri Narendra Modi has stressed on the need to leverage cooperative and competitive federalism for all round development of the country
Union Home Minister and Minister of Cooperation, Shri Amit Shah, has stressed on the cooperative federalism approach to empower states and promote better understanding between the Centre and the states
In the Modi Government, role of Zonal Councils has been changed from advisory to action platform to make them effective
Zonal Councils discuss broad issues relating to infrastructure, mining, environment and forests, food security parameters and other subjects of common interest at the regional level
Posted On: 21 FEB 2025 1:16PM by PIB Delhi
Union Home Minister and Minister of Cooperation Shri Amit Shah, will chair the 27th meeting of the Western Zonal Council on Saturday, 22nd February, 2025 at Pune, Maharashtra. The Western Zonal Council comprises the states of Gujarat, Goa, Maharashtra and the Union Territories of Dadra and Nagar Haveli and Daman & Diu. Maharashtra Government is hosting the meeting which is being organized by the Inter State Council Secretariat under the Ministry of Home Affairs, Government of India, in collaboration with the Government of Maharashtra.
The 27th meeting of the Western Zonal Council will be attended by the Chief Ministers of the member states and the Administrator of the Union Territories, along with two senior ministers from each state. The Chief Secretaries, Advisors and other senior officers of the State Governments and Union Territories and Union Home Secretary, Secretary, Inter State Council and other senior officers of the Central Government will also participate in the meeting.
Five Zonal Councils were established in the year 1957 under Section 15-22 of the States Reorganization Act, 1956. Union Home Minister is the Chairman of these five Zonal Councils, while the Chief Ministers of the States included in the respective Zonal Council and the Administrator/Lieutenant Governor of the Union Territories are its members. Chief Ministers of the states included in Zonal Council become vice-its chairman by turn. Two more ministers from each state are nominated by the Governor as members of the council. Each Zonal Council has also constituted a Standing Committee at the level of Chief Secretaries.
Prime Minister Shri Narendra Modi, has stressed the need to leverage cooperative and competitive federalism for the all-round development of the country. In the spirit that strong States make strong nations, Zonal Councils provide a platform to enhance cooperation through a systematic mechanism for regular dialogue and discussion on issues affecting two or more states or the Center and the States.
Union Home Minister and Minister of Cooperation, Shri Amit Shah, has stressed on the cooperative federalism approach to empower states and promote better understanding between the Centre and the States. In the Modi Government, role of Zonal Councils has been changed from advisory to action platform to make them effective. Meetings of respective standing committees of all five Zonal Councils, except Southern Council, were organized last year.
The Zonal Councils take up issues involving the Centre and the States and between one or more States in the region. Thus, the Zonal Councils provide an excellent platform for resolving disputes and issues between the Centre and the States and between the several States in the region. The Zonal Councils hold discussions on a wide range of issues including speedy investigation of cases of sexual offence/rape against women and children and implementation of Fast Track Special Courts (FTSCs) for expeditious disposal of such cases, facilitation of banks/India Post Payment Bank branches within 5 kms in each village, implementation of Emergency Response Support System (ERSS-112), issues relating to infrastructure, mining, environment and forests, food security parameters and other subjects of common interest at the regional level.
Many issues of national importance are also discussed in each meeting of the Zonal Councils. These include power operations, urban master plan, eliminating malnutrition among children through POSHAN Abhiyan, discussion on reducing the dropout rate of school children, participation of government hospitals in Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana, strengthening Primary Agricultural Credit Societies (PACS) and other issues of common interest.
The Ministry of Mines vide gazette notification dated 20th February, 2025 has shifted minerals Barytes, Felspar, Mica and Quartz from the list of minor minerals to the category of major minerals.
This move follows the recent approval of the National Critical Mineral Mission by the Union Cabinet on 29th January, 2025. The Mission envisages exploration and mining of critical minerals within the country including recovery of these minerals from mines of other minerals, overburden and tailings.
Quartz, Felspar and Mica are found in pegmatite rocks, which are an important source of many critical minerals such as Beryl, Lithium, Niobium, Tantalum, Molybdenum, Tin, Titanium, Tungsten, etc. These minerals have vital role in various new technologies, in energy transition, spacecraft industries, healthcare sector, etc. When the leases of Quartz, Felspar and Mica are granted as minor mineral leases, the lease holders do not declare existence of critical minerals or extract the critical minerals associated with it such as Lithium, Beryl, etc. as their primary objective is to use these minerals as minor minerals for construction, glass / ceramic making, etc. Consequently, the critical minerals associated with these minerals are neither getting extracted nor reported.
Similarly, Baryte has various industrial applications which is used for oil and gas drilling, electronics, TV screens, rubber, glass, ceramics, paint, radiation shielding and medical applications. Baryte is used to make high density concrete to block x-ray emissions in hospitals, power plants, and laboratories. Baryte often occurs as concretions and vein fillings in limestone and dolostone. It is found in association with ores of Antimony, Cobalt, Copper, Lead, Manganese and Silver. Baryte with iron ore occurs in pocket type of deposit which cannot be mined in isolation. While mining either of the minerals, the production of associated mineral is inevitable.
In view of the importance of these minerals, the Inter-Ministerial Committee on Mines & Minerals Sector constituted under the chairmanship of Dr. V. K. Saraswat, Member NITI Aayog, recommended that these minerals be shifted from the list of minor minerals to the category of major minerals. Once categorised as major minerals, there would be an increase in exploration and scientific mining of these minerals which are an important source of many critical minerals.
Reclassification of minerals Barytes, Felspar, Mica and Quartz will not adversely affect the lease period of the existing leases. As major minerals, the leases for these minerals will get extended to a period of 50 years from the date of grant or till the completion of renewal period, if any, whichever is later as per section 8A of the MMDR Act, 1957.These mines will gradually register with the Indian Bureau of Mines and will be regulated as major minerals. A transition time of four months, that is, up to 30th June, 2025 has been provided. The revenue from mines of these minerals will continue to accrue to the State Government as earlier.
Prime Minister Shri Narendra Modi inaugurates the first edition of the SOUL Leadership Conclave The School of Ultimate Leadership (SOUL) will shape leaders who excel nationally and globally: PM
Today, India is emerging as a global powerhouse: PM
Leaders must set trends: PM
In future leadership, SOUL’s objective should be to instill both the Steel and Spirit in every sector to build Viksit Bharat: PM
India needs leaders who can develop new institutions of global excellence: PM
The bond forged by a shared purpose is stronger than blood: PM
Posted On: 21 FEB 2025 12:54PM by PIB Delhi
The Prime Minister, Shri Narendra Modi inaugurated the School of Ultimate Leadership (SOUL) Leadership Conclave 2025, the first of its edition, at Bharat Mandapam, New Delhi today. Welcoming all the distinguished leaders and the upcoming young leaders of the future, Shri Modi remarked that some events are very dear and today was one such event. “Development of better citizens is necessary for Nation building, Development of excellent Leaders is necessary in every field”, said the Prime Minister. He remarked that it was necessary to groom excellent leaders in every sector, which is the need of the hour. Therefore, he highlighted, the School of Ultimate Leadership is an important milestone in the development journey of Viksit Bharat. Adding that SOUL was not just in the name of the organization, the Prime Minister remarked that SOUL would be the soul of the social life of India. He added that in another sense, SOUL also beautifully captures the essence of spiritual experience. Extending his greetings to all the stakeholders of SOUL, Shri Modi announced that a new, vast campus of SOUL would be ready near GIFT City, Gujarat in the near future.
The Prime Minister said that today when SOUL is taking the first step in its journey, India has to remember its critical role in shaping the institutes’ future. Quoting Swami Vivekanand, Shri Modi said the visionary leader always wanted to free India from the shackles of slavery and transform it with the help of merely 100 effective and efficient leaders. He remarked that the country has to move ahead with the same zeal. Noting that every citizen is working round the clock to achieve the dreams of a 21st-century Viksit Bharat, Shri Modi underlined the need for good leadership across all sectors in a country with a population of 140 crores. He expressed hope that the School of Ultimate Leadership will create leaders who will leave a mark all over the world, including in the field of Politics. The Prime Minister also highlighted the critical role of both human and natural resources and their role in the progress of any nation. He also cited an instance to show how Gujarat has emerged as a top state due to its leadership driven by its human capital, despite lack of sufficient natural resources. He added, “Human Resource has the greatest potential”. He said that the 21st century calls for resources capable of leading innovation and channelizing skills. He pointed out the growing importance of skills across various sectors. Shri Modi further stressed the need for leadership development for embracing new skills, which must be pursued through scientific and structured approach. Acknowledging the significant role that institutes like SOUL will play in the process, the Prime Minister was pleased to learn that it has already begun work in this direction. He also mentioned that workshops have been conducted for State Education Secretaries, State Project Directors, and other officials for the effective implementation of the new National Education Policy. Additionally, a leadership development camp has been organized for the Chief Minister’s Office staff in Gujarat. He stated that this is just the beginning, and SOUL must aim to become the world’s leading institution for leadership development.
“India is emerging as a global powerhouse”, emphasized the Prime Minister. He remarked that for this momentum and speed to increase across all sectors, world-class leaders and international leadership are needed. Highlighting the potential of leadership institutions like SOUL to be game changers, he stated that such international institutions are not only a choice but a necessity. “There is a need for energetic leaders in every sector who can find solutions to global complexities and needs while prioritizing the nation’s interests on the global stage”, underscored Shri Modi. He emphasized that these leaders should have a global approach but retain a local mindset. He noted the importance of preparing individuals who understand both the Indian mind and the international mindset, and who are ready for strategic decision-making, crisis management, and futuristic thinking. The Prime Minister highlighted that to compete in international markets and global institutions, leaders who understand international business dynamics are required. He added that the role of SOUL is to prepare such leaders, with a large scale and scope, and with high expectations from them.
Shri Modi advised everyone to keep in mind that future leadership will not be limited to power, but leadership roles will require capabilities in innovation and impact. He highlighted the need for individuals in the country to emerge according to this necessity. He stated that SOUL will develop critical thinking, risk-taking, and solution-driven mindsets in these individuals. He expressed confidence that the institution will produce leaders who are prepared to work amidst disruptive changes.
Stressing the need to create leaders who set trends rather than just follow them, the Prime Minister remarked that as India advances new leadership in sectors ranging from diplomacy to tech innovation, the influence and impact of the country will multiply across various sectors. Highlighting that India’s entire vision and future depend on a strong leadership generation, Shri Modi stressed the importance of treading forward by combining global thinking with local upbringing. Underscoring the need to make governance and policy-making world-class, the Prime Minister said that this can be achieved when policymakers, bureaucrats, and entrepreneurs frame policies incorporating global best practices. He emphasised the significant role institutions like SOUL will play in this regard.
Reiterating the need for rapid progress in all sectors to build a Viksit Bharat, Shri Modi quoted the scriptures emphasizing that people follow the conduct of great individuals. Therefore, he underscored the importance of leadership that reflects and conducts itself according to India’s national vision. He highlighted that the objective of SOUL should be to instill the necessary strength and spirit for constructing a developed India. He expressed confidence that the necessary changes and reforms will follow naturally once strong leadership is established.
Emphasizing the need to develop both strength and spirit in public policy and social sectors, the Prime Minister remarked on the necessity of preparing leadership for emerging sectors such as deep-tech, space, biotech, and renewable energy. He highlighted the importance of creating leadership for conventional sectors like sports, agriculture, manufacturing, and social service. He stressed that India must not only aspire to excellence in all sectors but also achieve it. Shri Modi remarked “India needs leaders who can develop new institutions of global excellence”. He noted that India’s history is filled with glorious stories of such institutions and emphasized the need to revive that spirit. Expressing confidence that there are many capable individuals among those present at the event, Shri Modi stated that the institute should be a laboratory for their dreams and vision. He stressed that the foundation being laid today should be a source of pride for future generations, who will remember it with pride 25-50 years from now.
Shri Modi emphasized the need for the institute to have a clear understanding of the aspirations and dreams of crores of Indians. He remarked that the sectors and factors that present both challenges and opportunities should be well-defined. “When we move forward with a common goal and collective effort, the results are extraordinary”, said the Prime Minister. He stated that the bond forged by a shared purpose is stronger than blood, uniting minds, fueling passion, and standing the test of time. He remarked that a significant common goal and purpose lead to the development of leadership and team spirit. He noted that individuals dedicate themselves to their goals, bringing out their best capacities. Shri Modi stressed that a shared purpose not only brings out the best in individuals but also enhances their capabilities according to the larger objective. He highlighted that this process develops leaders who strive to acquire the necessary skills to reach higher levels.
“A shared purpose fosters an unprecedented sense of team spirit”, said Shri Modi. He remarked that when people walk together as co-travellers with a shared purpose, a strong bond develops. He highlighted that this process of team building also gives rise to leadership. He cited the example of India’s freedom struggle as the best illustration of a shared purpose, noting that it produced leaders not just in politics but in other sectors as well. Shri Modi stressed the need to revive the spirit of the freedom movement and draw inspiration from it to move forward.
Quoting a Sanskrit verse, the Prime Minister emphasised that there is no word that cannot be turned into a mantra, no herb that cannot become medicine, and no person who is incapable. He highlighted the need for a planner to properly utilize and guide individuals. He remarked that SOUL plays the role of such a planner. Shri Modi noted that many leaders who were present at the event, have learned and honed their leadership skills. He cited a quote emphasizing the different levels of development: personal success through self-development, organizational growth through team development, and explosive growth through leadership development. He stressed that these principles should always remind everyone of their duties and contributions.
Highlighting the formation of a new social order in the country, being shaped by the youth born in the 21st century as well as in the past decade, Shri Modi said that this generation will truly be the first developed generation of India, referring to them as the “Amrit Peedhi”. Expressing confidence that the new institution, SOUL, will play a significant role in preparing the leadership of this “Amrit Peedhi”, he extended his best wishes to everyone associated with the institute.
The Prime Minister of Bhutan, H.E. Mr. Dasho Tshering Tobgay, Chairman of the SOUL Board, Shri Sudhir Mehta and Vice Chairman, Shri Hasmukh Adhia were present among other dignitaries and delivered the keynote address at the event. Shri Modi also thanked the Prime Minister of Bhutan for being present at the event on such an important day of the birthday of the King of Bhutan.
Background
The two day SOUL Leadership Conclave from 21st to 22nd February will serve as a premier platform where leaders from diverse domains like politics, sports, arts and media, the spiritual world, public policy, business and the social sector will share their inspiring life journeys and discuss aspects relating to leadership. The conclave will foster an ecosystem of collaboration and thought leadership, facilitating learning from both failures and successes, to inspire young audiences.
School of Ultimate Leadership is an upcoming leadership institution in Gujarat to enable authentic leaders to advance public good. The aim is to broaden the landscape of political leadership in India through formal training and to include those who rise through merit, commitment, and passion for public service and not just from political lineage. SOUL brings in insights, skills and expertise necessary to navigate the complex challenges of leadership in today’s world.