Category: Asia Pacific

  • MIL-OSI Asia-Pac: Department of Telecommunications takes key initiatives as part of the Government of India’s 100-Day Programme

    Source: Government of India (2)

    Department of Telecommunications takes key initiatives as part of the Government of India’s 100-Day Programme

    These initiatives reaffirm to expanding and enhancing India’s Telecom ecosystem, for a more digitally empowered future

    Posted On: 23 SEP 2024 5:53PM by PIB Delhi

    Union Minister for Communications and Development of North Eastern Region (DoNER), Shri Jyotiraditya M. Scindia, briefed the media about achievements of Ministry of Communications (Department of Telecom & Department of Post) during a Press Conference held today at National Media Centre, New Delhi.  The Minister also launched ‘Ek Ped Maa Ke Naam’ Application.

     

     

    The Minister apprised the media that the Department of Telecommunications (DoT) has successfully completed several key initiatives as part of the Government of India’s 100-day programme. During this period, DoT has made significant strides in strengthening the four goals of a developed telecom ecosystem – Samavesit (ubiquitous connectivity fuelling inclusive growth), Viksit (developed India through triad of perform, reform and transform), Tvarit (accelerated development and swift resolution), and Surakshit (safely and securely). The major achievements of 100-day programme are:

    Samavesit

    • 4G Coverage to uncovered villages/ locations across India

    Under various initiatives funded by the Digital Bharat Nidhi (Erstwhile Universal Service Obligation Fund (USOF)), 4G mobile coverage is being expanded to uncovered villages across India. These efforts are focused on regions such as aspirational districts, the North-Eastern region, border areas, islands, and areas affected by left-wing extremism. A total of 7,101 4G mobile towers have been commissioned by Telecom Service Providers (Reliance Jio, Bharti Airtel & BSNL) under various Digital Bharat Nidhi funded 4G schemes including 4G Saturation scheme. Out of these 4G towers 2,618Towers have been made on-air since June 2024.

     

     

    • Expansion of 5G Mobile networks

    5G technology has reached almost all districts of India. As of today, 98% districts in India have presence of 5G technology thereby empowering citizens with highspeed data network. 5G networks have been rolled out in all States/ UTs across the country and more than 4.5 lakh 5G Base Transceiver Stations (BTSs) have been installed across the country.

     

     

    Viksit

    • 6G Accelerated Research Assistance

    Hon’ble Prime Minister Shri Narendra Modi launched the Bharat 6G Vision in March 2023 with the objective to be a front-line contributor in design, development and deployment of 6G technology by 2030. In line with the Bharat 6G Vision and to support India’s prominence in 6G technology and develop the 6G RAN for the world, the DoT invited proposals from academia, industry, and other bodies engaged in R&D. So far 111 project proposals have been processed for funding to expedite the research under “Accelerated research on 6G Ecosystem”.

     

    • 100 5G Labs 

    Labs with indigenously developed 5G technology are being set up at 100 institutions, equally distributed across four zones in the country. The labs are being set up with the aim of capacity building in new telecom technologies and creating use cases in various socio-economic sectors for 5G technologies in collaboration with academia and start-ups. From June 2024 onwards, 41 out of the total 100 labs have been installed making the cumulatively installed labs to 81.

     

     

     

    • Centres of Excellence (CoE) for 6G

     

    A Centre of Excellence (CoE) on “Classical and Quantum Communications for 6G” has been established at IIT Madras. Another MoU has been signed between the Telecom Centre of Excellence (TCOE) India and Visvesvaraya Technological University (VTU) – Visvesvaraya Research & Innovation Foundation (VRIF) to establish a Centre of Excellence (CoE) in Quantum Technology, focusing on associated 5G/6G technologies. These CoE will serve as a hub for innovation bringing together industry and academic experts to collaborate on cutting edge project in advance telecommunication technologies to foster and spearhead the development and deployment of 6G technology

     

    • Centre of Excellence (CoE) for Telecom Security

    A MoU has been signed between TCoE India and National Forensic Sciences University (NFSU) Gandhinagar for setting up of Centre of Excellence on Telecom Security. The MoU envisages strengthening the National cyberspace by securing the Telecom network and to develop an Indian telecom network security stack to enhance security of the nation’s communication infrastructure.

     

    • Leveraging Telecom data and capabilities to enable cross sectoral Infrastructure planning.

    Sangam Digital Twin with AI Driven Insights: Digital Twin with AI-Driven Insights is an initiative to revolutionize infrastructure planning. This two-stage initiative began with a creative exploration phase designed to build confidence among participants through networking events. Over 150 organizations and experts participated in Stage-I in the form of networking events held in July 2024, demonstrating a willingness and foundational capability to develop the envisioned ecosystem for advanced infrastructure planning. In the Stage-II of Sangam development and demonstration of specific use cases are being planned.

     

    PoC of Metro route planning: DoT, Delhi Metro Rail Corporation (DMRC) and Telecom Service Providers (TSPs) have successfully conducted a Proof of Concept (PoC) to demonstrate the feasibility of using aggregated telecom data for metro route planning addressing privacy challenges. PoC explored solution’s flexibility to evolve and tackle ridership issues in ongoing metro projects by accurately identifying catchment areas, analysing arrival times, assessing interchange durations, utilization optimize operations, generating an Origin-Destination (OD) matrix for metro network planning and improving ongoing operational strategies. The promising results achieved endorse the Sangam Digital Twin initiative and represent a significant first step.

    • Production Linked Incentive Scheme for Telecom and Networking Products

    To boost domestic manufacturing, investments and export in the telecom and networking products PLI scheme with a financial outlay of ₹ 12,195 Crores over a period of 5 years has been initiated. So far, 42 PLI beneficiary companies, collectively invested Rs. 3,718 crores achieved sales of Rs. 57,498 crore including export of Rs. 11,506 crores and direct employment of 22,315.

     

     

     

    Tvarit

    • Ease of Living and Ease of Doing Business

    MSME Certification assistance scheme: DoT launched reimbursement scheme aimed at easing financial burdens for startups and Micro & Small Enterprises (MSEs) in the telecom sector. With the objective of fostering domestic manufacturing, attracting investments and enhancing exports, the scheme will reimburse up to INR 50 lakhs per startup or MSE for testing and certification costs essential for product quality and market access.

    • Revised Standards of Quality of Service

    With an objective of improving the telecom network performance, benchmarks are will be gradually tightened for key network parameters like network availability, call drop rates, packet drop rates, etc. In this regard, TRAI has released its revised regulations, “The Standards of Quality of Service of Access (Wirelines and Wireless) and Broadband (Wireline and Wireless) Service Regulations, 2024 (06 of 2024)’.

     

    • Telecommunications Act, 2023 – Enforcement and framing of rules

    In order to update the existing laws and to address the challenges of the Telecom sector, Central Government enacted Telecommunications Act, 2023 on 24th Dec, 2023. The Act replaces colonial era’s Indian Telegraph Act, 1885 and Indian Wireless Telegraphy Act, 1933. Enforcement of its provisions and rules will enable effective and modern regulation of Telecom sector. It will provide clearly defined framework for Spectrum assignment and its optimal utilization, Effective and efficient RoW framework, Strong provisions for National Security and Public emergency, etc

    In accordance with section 1(3), the Central Government has on 21.06.2024 issued Gazette Notification enforcing sections 1,2, 10 to 30, 42 to 44, 46, 47, 50 to 58, 61 and 62 of the Telecommunications Act w.e.f. 26.06.2024. The Department has also, on 04.07.2024, notified sections 6 to 8, 48 and 59(b) of the Act w.e.f. 05.07.2024.

    Draft Rules for Security related provisions have been published for public consultation. Public consultation on draft rules for Adjudication, Amateur Station Operator and Commercial Radio Operator’s Certificate of Proficiency to operate Global Maritime Distress and Safety System has been completed. Two set of rules i.e. Telecommunications (Administration of Digital Bharat Nidhi) Rules, 2024 and Telecommunications (Right of Way) Rules, 2024 have come into force through gazette notification dated 31.08.2024 and 18.09.2024 respectively.

    • Spectrum Auction

    Spectrum Auction in 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2500 MHz, 3300 MHz and 26 GHz bands was held in June 2024. A total of 141.4 MHz of spectrum in the 900 MHz, 1800 MHz, 2100 MHz and 2500 MHz bands were sold at a market determined price of Rs. 11340.78 crores.

    Surakshit

    • On-boarding State/UT Police on Digital Intelligence Platform

    DoT has developed an online secure Digital Intelligence Platform (DIP) under Digital Intelligence Unit (DIU) Project for sharing information related to misuse of telecom resources among the stakeholders on near real time basis for prevention of cyber-crime and financial frauds. Different stakeholders are being onboarded on it including Ministry of Home Affairs(MHA), law enforcement agencies, RBI, banks, financial institutions (FIs), GSTN, UIDAI and social media platforms. 32 States/UTs police, Securities Exchange Board of India (SEBI), National Payment Corporation of India (NPCI) have on boarded this platform during Jul-Aug 2024.

    Till date 750 users of various stakeholders have on boarded on DIP. These stakeholders include field units of Department of Telecommunications (DoT), telecom service providers (TSPs), MHA, Indian Cybercrime coordination centre (I4C), National Intelligence Agency (NIA), 32 States/UTs police, 460 banks, FIs, fintechs, Financial Intelligence Unit (FIU), SEBI, GSTN, IRCTC and social media platforms

    The Department of Telecommunications, through these 100 days achievements, reaffirm to expanding and enhancing India’s telecom infrastructure, ensuring seamless connectivity, promoting digital inclusion, fostering innovation and preparing the country for a more digitally empowered future.

     

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  • MIL-OSI Asia-Pac: Department of Consumer Affairs, Government of India focuses on ‘Consumer Care’ and ‘Consumer Rights’ for 100 Days Action Plan

    Source: Government of India

    Posted On: 23 SEP 2024 5:35PM by PIB Delhi

    The Department of Consumer Affairs (DoCA) under Ministry of Consumer Affairs, Food and Public Distribution is focussing on Hon’ble Prime Minister’s vision of ‘Consumer Care’ during the first 100 Days of the Government of India.

    Briefing the press on the thrust of the Department, Smt Nidhi Khare, Secretary, DoCA said that enhancing consumer rights, price monitoring of essential food items and improving food distribution systems across the nation were given priority by improving the institutional processes. She briefly highlighted the following key accomplishments:

    1.Expansion of Price Monitoring System (PMS) App: The Department of Consumer Affairs (DoCA) monitors the daily retail and wholesale price of identified essential food items through daily retail and wholesale prices reported by the Price Reporting Centres under the Consumer Affairs, Food & Civil Supply Department in the States and UTs. 

    On August 1, 2024, the Union Minister launched revamped price monitoring app PMS App 4.0, which now includes 16 additional food commodities such as Jowar (whole), Bajra (whole), Ragi (whole), Maida (wheat), Suji (whole), Black Pepper (whole), Coriander (whole, dry), Cumin Seed (whole), Red Chillies (dry, loose with stem), Turmeric powder, Banana, Desi Ghee, Butter (pasteurized, salted), Eggs (farm eggs, medium size), Besan, Brinjal. The total number of food commodities under the Price Monitoring System has increased from 22 to 38, improving market oversight.

    Year-on-year inflation rate (3.65%) based on All India Consumer Price Index (CPI) for the month of August, 2024, is second lowest in the last five years. Consumer Food Price Index (CFPI) based Food inflation for August 2024 is the second lowest since June, 2023.

    2. Onion Procurement for Buffer Stock: a quantity of 4.70 LMT of Rabi-2024 onion has been procured by NCCF and NAFED for the Price Stabilization Fund (PSF) buffer against target of 5 LMT. Monitoring of procurement and disposal is being conducted by SupplyValid to ensure transparency and accountability in Onion Operations. Government has started sale of onions through NCCF, NAFED at Rs. 35/kg from 5th September, 2024 to stabilize onion market prices and to provide relief to consumers. Retails disposal is being done in major consumption centres across the country such as Delhi, Mumbai, Chennai, Bangalore etc. Further, bulk disposal has also been initiated by the government.

    3. Procurement of Pulses under PSS and PSF: a quantity of 2.47 LMT of Masur (R-24) and 43,125 MT of Chana(R-24) has been procured under PSS at MSP and a quantity of 11,000 MT of Chana (R-24) procured under PSF at market rates. Further, a quantity of 2.51 LMT of Summer Moong (2024) procured under PSS at MSP. NAFED and NCCF are continuously registering farmers on their respective portals for the procurement of Tur, Urad, Chana, and other crops to ensure remunerative prices in on going and further operations.

    4. Approval of PM-AASHA Scheme: The Union Cabinet, on 18.9.2024, has approved the continuation of Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA). The integration of the Price Support Scheme (PSS), Price Stabilization Fund (PSF), Price Deficit Payment Scheme (POPS), and Market Intervention Scheme (MIS) under PM-AASHA will ensure improved implementation. The integrated PM-AASHA Scheme aims to control price volatility and ensure affordable essential commodities for consumers while offering fair prices to farmers. The PSF scheme has been extended to protect consumers from price volatility in essential agri-horticultural commodities, including pulses and onions. Strategic buffer stocks maintained to prevent hoarding and speculation. PSF interventions also include subsidized retail sales of Bharat Dals, Bharat Atta, and Bharat Rice.

    5. USA Drone Certification, EV Battery Testing and Quality Testing of fertilizers by National Test House:

    • NTH Ghaziabad has achieved a significant milestone by receiving provisional approval from the Quality Council of India (QCI) as a Certification Body for Type Certification of Drones, making it the first Central Government entity to offer this certification specifically for drones.
    • NTH is committed to delivering these services at competitive fees among the lowest in the industry and with a quicker turnaround than its competitors. Recently, NTH has entered into a MoU with the Bureau of Energy Efficiency (BEE) to enhance the Standards & Labelling (S&L) Program. This collaboration designates NTH as a Referral Laboratory for disputed samples, provides training for BEE officers and involves reviewing existing programs while addressing technical concerns.
    • To further bolster its capabilities, NTH is establishing advanced testing facilities for “ElectricVehicle Batteries and Charging Stations” in Mumbai, Bengaluru and Kolkata, with the Bengaluru facility’s foundation stone laid on August 22, 2024. Additionally, NTH continues to engage in “quality testing of Fertilizers” as a Third Referee Analysis in partnership with the Ministry of Agriculture, Govt. of India deploying modern equipment across its labs to ensure efficient and accurate testing services.

     

    6. Standardization, Conformity Assessment, Hallmarking Test and Management of Lab Infrastructure by BIS:

    The Bureau of Indian Standards (BIS) is committed to ensuring the development of robust standards across industries, fostering uniformity and interoperability. Our focus on conformity assessment plays a critical role in reducing trade barriers, enhancing product safety, and boosting consumer confidence. Market surveillance is integral to our approach, guaranteeing that certified products continue to meet established standards even after reaching consumers, thus safeguarding their interests and ensuring long-term compliance with safety regulations. As part of our initiative, BIS set an ambitious target to grant 1,500 new product certifications, while also aiming to conduct 40,000 market surveillance inspections and 15,000 factory audits. We are pleased to report significant progress, with 3,516 new product certifications already granted and extensive surveillance efforts resulting in 27,314 market checks and 20,242 factory inspections.

    To date, BIS has published a total of 22,268 standards along with harmonizing 6,549 ISO standards and 2,566 IEC standards along with international standards reflecting our dedication to meeting with international benchmarks. Additionally, the automation of XRF (X-Ray Fluorescence) machines has been successfully implemented as of September 1, 2024. This advancement allows for faster and more accurate analysis of material composition, enhancing quality control in metallurgy and ensuring adherence to industry standards.

    BIS’s ongoing efforts in product certification and market surveillance not only promote safety and quality but also strengthen consumer trust and foster a competitive marketplace. We remain dedicated to continuous improvement and collaboration with stakeholders to enhance compliance and ensure the highest standards across all sectors.

    7. Installation of Time Dissemination Equipment at RRSLs:

    Precise time is essential for country’s strategic and non-strategic sectors. Considering the importance of dissemination of Indian Standard Time (IST), the project has been undertaken by the Department of Consumer Affairs in association with National Physical Laboratory and ISRO.  The project aims to create technology and infrastructure to disseminate IST from five sites across India. Under the 100 days achievement, it was decided to install the timing equipment at Regional Reference Standard Laboratory, Ahmedabad and Bengaluru, which has been installed.  At other three RRSLs these instruments are being installed.   The project includes Dissemination of Indian Standard Time (IST) through 5 RRSLs (Regional Reference Standard Laboratories) and Establishment of one DRC (Disaster Recovery Centre) at RRSL, Bengaluru linked with BIPM (International Bureau of Weights & Measures).

    It is most critical for Strategic sectors, Navigation, Digital archiving, Transportation, International Trade, National Security, Weather forecasting, disaster management, Power grids, Exploring underground resources, Electronic transactions and cybercrimes.

    8.  Signing of Safety Pledge by e-commerce platforms to ensure consumer care:

    In alignment with the idea espoused by the Hon’ble Prime Minister at the B20 Summit India 2023 that businesses must consider a paradigm shift from “consumer rights” to “consumer care”, the DoCA finalized a “safety Pledge” in consultation with all the stakeholders as part of its one of the 100 days action plan to prioritize consumers safety.  The safety pledge   is a voluntary commitment of online platforms with respect to the safety of goods sold to consumers. The objective of this pledge is to serve as a public commitment by e-commerce platforms to prioritize consumer safety, enhance confidence among consumers while shopping online, encouraging platforms to go beyond their legal obligations to improve consumer safety and augment innovation and new approaches to promote safety compliances. The principles of Safety Pledge is detecting and preventing the sale of unsafe products co-operating with statutory authorities responsible for product safety, raising consumer product safety awareness amongst third party sellers and empowering consumers on product safety issues.

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    AD/NS

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  • MIL-OSI Asia-Pac: CURTAIN RAISER NAVIKA SAGAR PARIKRAMA II

    Source: Government of India

    Posted On: 23 SEP 2024 5:41PM by PIB Delhi

    The Indian Navy is all set to embark on the extraordinary mission of circumnavigating the globe with the second edition of Navika Sagar Parikrama expedition. A curtain raiser event presided by Vice Admiral Krishna Swaminathan, Vice Chief of Naval Staff was held at New Delhi on 23 Sep 24.

    Indian Naval Sailing Vessel Tarini would sail on this challenging expedition with two courageous women officers – Lt Cdr Dilna K and Lt Cdr Roopa A on 02 Oct 24. The historic voyage will be flagged off from Naval Ocean Sailing Node, INS Mandovi, Goa. Over a period of eight months, the duo will navigate more than 21,600 nautical miles (approx. 40,000 km) without any external assistance, relying solely on wind power. The circumnavigation highlights the exceptional valour, courage and perseverance of the officers, who will face rigours of high seas, extreme weather conditions, pushing the limits of human endurance.  The route will take them through some of the most treacherous waters including the perilous passage around the three great Capes – Cape Leeuwin, Cape Horn and the Cape of Good Hope. The voyage is not just a testament to their personal bravery and skill, but also a celebration of the Indian Navy’s commitment to Nari Shakti showcasing their indomitable spirit and determination.

    The expedition was conceived by the Indian Navy with the inaugural Navika Sagar Parikrama, the first ever Indian circumnavigation of the globe by an all women crew of six officers in 2017. The second edition of the expedition will be an exceptional one as they will become the first from India to accomplish such a feat in double handed mode. Earlier, Capt Dilip Donde (Retd.) was the first Indian to circumnavigate the globe in 2009 – 10. Subsequently, Cdr Abhilash Tomy (Retd.) was the first Asian skipper to participate in two circumnavigations and accomplished the rare feat of completing the Golden Globe Race in 2022. Significantly, Cdr Abhilash Tomy (Retd.) has been closely associated with the training of both the officers as the official mentor.

     The expedition is being conducted under the aegis of Indian Naval Sailing Association based at Naval Headquarters, New Delhi and Ocean Sailing Node, Goa under Southern Naval Command. Both the nodal centers will be coordinating the voyage in liaison with international maritime agencies and authorities.

    Speaking on the occasion, VCNS described Navika Sagar Parikrama II as a journey of empowerment, innovation, and commitment to India’s maritime heritage while charting new paths for a brighter and empowered future. He reaffirmed Indian Navy’s pledge to uphold the highest standards of professionalism and responsibility, not just on our shores but across the vast expanse of the world’s oceans.

    A short movie highlighting various aspects of the voyage along with preparatory expeditions and training undertaken by the crew was screened.

    During the interaction, both the officers shared their experiences and expressed extreme confidence for the forthcoming expedition embodying the spirit of resilience and indomitable spirit.

    Navika Sagar Parikrama II is more than a voyage; it underlines the essence of maritime prowess, self-reliance and commitment to a greater cause.

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    VM/SPS                                                                                                         181/24

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  • MIL-OSI Asia-Pac: Raksha Rajya Mantri Inaugurates the State Representatives and Additional/Deputy Directors General Conference of NCC

    Source: Government of India

    Raksha Rajya Mantri Inaugurates the State Representatives and Additional/Deputy Directors General Conference of NCC

    Urges State Governments to support NCC Expansion

    Posted On: 23 SEP 2024 4:47PM by PIB Delhi

     

    Raksha Rajya Mantri Shri Sanjay Seth inaugurated the Joint State Representatives and Additional/Deputy Directors General (JS R&A/D) Conference of the National Cadet Corps (NCC) today on September 23, 2024 in New Delhi. Addressing the conference, he emphasized the NCC’s crucial role in nation-building. He highlighted how the organization helps shape disciplined, responsible, and motivated young citizens, while also fostering leadership skills across various aspects of life.

    Highlighting the NCC’s involvement in national initiatives such as the Swachh Bharat Abhiyan, International Yoga Day, Environment Protection, Digital Awareness and its commitment to societal welfare alongside traditional training, RRM urged state governments to honour their commitments in providing necessary manpower, funding, and infrastructure to support the expansion and enhancement of NCC’s presence in their regions.

    He informed that the government has recently approved an expansion plan to increase NCC cadet vacancies by three lakhs, raising the total strength from 17 lakhs to 20 lakhs in the coming years. This expansion will also see the inclusion of ex-servicemen as NCC instructors, utilizing their skills and experience to ensure high-quality training and create new employment opportunities for the veterans, he added.

    Lt. Gurbirpal Singh, DGNCC highlighted the progress and achievements of the NCC over the past two years as well as its plans for future expansion. He apprised the state representatives   and the Senior officials for establishing well equipped training & camping infrastructure in various parts of all states to ensure high degree of incentive and motivation for cadets.

    JS R&A/D is a biennial event which witnessed participation of Minsters of Education, Ministers of Youth & Sports as well as senior representatives from the Departments handling NCC affairs in their respective State. Senior officers from the Ministry of Defence along with DGNCC, the NCC Heads from all States and senior officers from HQ DGNCC, were also present in the conference. Conduct of NCC activities is a joint responsibility of the Central and State Governments in terms of policies, finances, administrative and other aspects. Therefore, this conference provides a platform to plan, implement and coordinate the NCC activities in the entire nation.

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  • MIL-OSI Asia-Pac: Union Environment Minister Bhupender Yadav Kicks-off “Yuva Shakti for Viksit Bharat” Maharashtra chapter at NMIMS University, Mumbai campus

    Source: Government of India (2)

    Union Environment Minister Bhupender Yadav Kicks-off “Yuva Shakti for Viksit Bharat” Maharashtra chapter at NMIMS University, Mumbai campus

    Youth must play a pivotal role in the journey of Viksit Bharat: Union Environment Minister

    Government is preparing youth of today to build progressive India of tomorrow: Shri Bhupender Yadav

    Posted On: 23 SEP 2024 3:43PM by PIB Mumbai

    Mumbai, 23 September 2024

     

    “The Government is ensuring our ‘Amrit Generation’ is ready to enjoy the fruits of this transformative era. By focusing on quality education, skill development, job creation, and nurturing entrepreneurial ambitions, the government is preparing the youth of today to build the progressive India of tomorrow,” stated Union Minister for Environment, Forest & Climate Change Shri Bhupender Yadav. He was addressing the students at the Yuva Shakti for Viksit Bharat at Shri Vile Parle Kelavani Mandal (SVKM’s) Narsee Monjee Institute of Management Studies (NMIMS) in Mumbai today.

    In his keynote address, Shri Bhupender Yadav spoke about youth power and its importance in Prime Minister’s vision of Viksit Bharat. “The youth of India is dynamic and determined, and India’s path to becoming a Global Leader rest upon their shoulders. As we work towards environmental sustainability and climate resilience, Yuva Shakti must lead the charge in fostering a greener and more sustainable future,” he added. He also mentioned that the goal of the government is to convert youthful energy into a powerful force that lights up India’s sustainable future.

    The Minister also spoke about the critical importance of economic reforms for achieving a Viksit Bharat. He highlighted several initiatives aimed at transforming the economic landscape and promoting sustainability across various sectors. Key among the reforms is the Jan Vishwas Bill, which encompasses 183 provisions designed to streamline regulations. The Minister also pointed out the removal of several unnecessary compliance requirements, significantly simplifying processes for businesses and fostering a conducive environment for growth. He also mentioned that the government is also committed to promoting sports through various initiatives.

    “To facilitate economic development, the government has initiated the Gatishakti initiative, aimed at enhancing infrastructure and connectivity, essential for the growth of Micro, Small, and Medium Enterprises (MSMEs),” he remarked. Notably, the Minister mentioned the remarkable strides made in the startup ecosystem, highlighting the government’s support for entrepreneurship.

    The Minister stressed the necessity for consistency and continuity in all government policies, stating, “For a successful startup culture, we must focus on a circular economy. This includes sustainable practices in managing used oil, rubber, e-waste, and solid waste. Additionally, the establishment of a Green Fund is crucial for increasing green cover.”

    Highlighting the government’s vision for Net Zero emissions by 2070, the Minister reaffirmed the commitment to implement measures that reduce carbon footprints and promote a better environment. He urged citizens to refrain from single-use plastics and adopt a mindset of responsible consumption and self-discipline. He encouraged the youth to remain dedicated to sustainable practices, as their involvement is vital for India’s development.

    Highlighting the impact and importance of this event, Shri Yadav emphasised, “It is time for the youth to champion change in sustainable development, and that can spearhead key steps toward a truly developed India. The youth should initiate more tree plantations like the ones undertaken today at NMIMS, along with clean energy drives, and work shoulder-to-shoulder with the local communities.

    During the event the Minister took part in a tree plantation ceremony under the initiative ‘Ek Ped Maa Ke Naam’.

    Vice Chancellor, NMIMS University Dr Ramesh Bhat, in his welcome address emphasized, “We at NMIMS are committed to equipping our students with the skills and knowledge necessary to build a prosperous and sustainable nation.” President SVKM and Chancellor Shri Amrish Patel shared about his contribution towards environment and society through his tree plantation initiatives.

    The session concluded with a compelling video clip from the Prime Minister’s “Join My Bharat” campaign, encouraging active youth engagement in India’s developmental journey. The event brought together young women achievers, prominent YouTube influencers, and students to engage in discussions on climate change, green initiatives, and India’s future vision.

     

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    PIB Mumbai | DL/ DR

     

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  • MIL-OSI Asia-Pac: MoS Prof. S.P. Singh Baghel launches new products developed by the few start-ups and appreciates the technology interventions of the startups

    Source: Government of India

    Posted On: 23 SEP 2024 5:33PM by PIB Delhi

    Union Minister of State for Fisheries, Animal Husbandry and Dairying Prof. S.P. Singh Baghel visited the pavilion of the department in World Food India 2024 at Bharat Mandapam in New Delhi. He appreciated the technology interventions of the startups that participated in the exhibition. He also launched new products developed by the few startups.

     

    A CEO Roundtable was held on the inaugural day of World Food India 2024, wherein the department also participated. It was co-chaired by the Union Minister for Ministry of Commerce and Industry Shri Piyush Goyal and the Union Minister for Ministry of Food Processing Industries Shri Chirag Paswan. This significant gathering brought together more than 100 CXOs representing the leading Indian and global companies in the food processing and allied sectors.

    Secretary, Department of Animal Husbandry and Dairying Smt. Alka Upadhyaya inaugurated the pavilion of the Department of Animal Husbandry and Dairying on 19th September 2024 at Hall No 2 at Bharat Mandapam. The Department of Animal Husbandry and Dairying has participated in the World Food India event 2024 organized from 19th to 22nd of September 2024.

    In the pavilion, the Department exhibited major schemes, programs, new initiatives and innovative technologies in the livestock and dairy sector. The pavilion also featured 25 stalls, including the National Dairy Development Board, Start-ups, and Companies working in Animal Husbandry and Dairy sector. The main attractions at the pavilion were the “Selfie Point” and live demonstrations of various innovative products by start-ups and companies. The exhibition highlighted the department’s commitment to promoting technological advancements and facilitating the growth and development of the sector.

    The department organized a knowledge session titled “Entrepreneurship and Youth Development in the Livestock Sector” at Conference Room 15 of Bharat Mandapam on 20th September 2024. Ms. Varsha Joshi, Additional Secretary (DAHD) moderated the session. The distinguished speakers include Dr. Rajesh Sharma, Group Head (AN), NDDB (National Dairy Development Board), Shri Nirmal Choudhary, Founder, Milk Station, Dr. Arindam Mukhopadhyay, Manager (Production), Haringhata Meat Plant, West Bengal Livestock Development Corporation Limited, Shri Rahul Ganapathy, Founder, Atsuya Technologies and Dr Lipi Sairiwal, Deputy Commissioner, NLM division, DAHD. The session aimed to explore innovative strategies for integrating youth into the livestock sector, highlight the entrepreneurial opportunities and address challenges in livestock management.

     

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  • MIL-OSI Asia-Pac: CERT-In & SISA Launches First of its kind ANAB-Accredited AI Security Certification (CSPAI) Program

    Source: Government of India

    Posted On: 23 SEP 2024 3:54PM by PIB Bengaluru

    The Indian Computer Emergency Response Team (CERT-In), Ministry of Electronics and Information Technology (MeitY), Government of India and SISA, a global leader in forensics driven Cyber Security jointly launched the Certified Security Professional for Artificial Intelligence (CSPAI) program which is first of its kind ANAB-accredited AI security certification. The Public-Private Partnership (PPP) initiative between CERT-In and SISA marked a significant milestone in AI security certification in India. The CSPAI program equips security professionals with the skills needed to effectively integrate AI into business applications while adhering to sustainable practices.

    In a ceremony organised by SISA at their Headquarters in Bengaluru, the Director General of CERT-In, Dr. Sanjay Bahl along with Founder and CEO of SISA, Mr. Dharshan Shanthamurthy released and handed over the ANAB accredited AI Security Certification (CSPAI) certificates to cybersecurity professionals.

    While addressing the gathering, the Director General of CERT-In said This incisive and timely CSPAI program by SISA empowers professionals with comprehensive expertise to gain understanding of AI systems and to be proactive against the new spectrum of threats. As first of its kind ANAB-accredited AI Security Certification program, this course is perfectly attuned to the rapidly evolving threat landscape of AI in cybersecurity. The curated course has the blend of all the key elements of AI security and will enrich the skills to adapt and deploy secure and trustworthy AI in work environments. The program would open up a trove of opportunities and demand for emerging AI related job roles.  The joint certification program is another accolade in CERT-In’s efforts to foster Public-Private Partnership.”

    Mr. Dharshan Shanthamurthy, Founder and CEO of SISA, shared his vision for the CSPAI program, “The launch of the CSPAI program perfectly complements our Cyber Nalanda initiative, which commenced with last week’s foundation stone laying ceremony, to tackle future cybersecurity challenges. This program reflects our unwavering commitment to solving the most pressing security issues in India, and globally. By equipping professionals with the tools and knowledge to safeguard AI systems, we are building a safer digital future, driven by innovation and responsibility. We also believe that certified professionals from this program will enhance organizational security postures, reduce the likelihood of breaches, and build greater trust with customers and stakeholders”.

    Renju Verghese, VP of Forensics and R&D at SISA, delivered an in-depth presentation on the CSPAI program, walking attendees through its unique features and security strategies for protecting AI systems.

    About CERT-In:

    The Indian Computer Emergency Response Team (CERT-In) is a Government organization under Ministry of Electronics and Information Technology, Government of India. CERT-In has been designated to serve as National agency for incident response under Section 70B of the Information Technology Act, 2000. CERT-In operates 24×7 incident response Help Desk for providing timely response to reported cyber security incidents. CERT-In provides Incident Prevention and Response services as well as Security Quality Management Services.

    About SISA:

    SISA is a global forensics-driven cybersecurity solutions company for the digital payments industry, trusted by leading organizations for securing their businesses with robust preventive, detective, and corrective cybersecurity solutions. SISA’s problem-first, human-centric approach helps businesses strengthen their cybersecurity posture. SISA applies the power of forensic intelligence and advanced technology to offer true security to 2,000+ customers across 40+ countries.

     

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  • MIL-OSI Asia-Pac: Departments of Economic Affairs, Expenditure and Revenue, Ministry of Finance, organised Medical Health Check-up Camp under Safai Mitra Suraksha Shivir Campaign on 20th Sept. 2024

    Source: Government of India

    Departments of Economic Affairs, Expenditure and Revenue, Ministry of Finance, organised Medical Health Check-up Camp under Safai Mitra Suraksha Shivir Campaign on 20th Sept. 2024

    More than 100 Safai Mitra and contractual staff, who had undergone medical blood tests on 17.09.2024, were clinically assessed by doctors based on their lab reports

    Posted On: 23 SEP 2024 4:29PM by PIB Delhi

    Dr. Manoj Govil, Secretary, Department of Expenditure, Ministry of Finance, inaugurated a Medical Health Check-up Camp on 20th September 2024, under Safai Mitra Suraksha Shivir campaign, organised by the Departments of Economic Affairs, Expenditure and Revenue, Ministry of Finance, in North Block. 

      

    Two general physicians from Rural Health Training Centre, Najafgarh, and an ophthalmologist, from Sharp Sight Eye Centre, New Delhi, checked various health parameters at the two camps set up inside the premises of North Block.

     More than 100 Safai Mitras and contractual staff, who had undergone medical blood tests on 17.09.2024, were clinically assessed by doctors based on their lab reports. 

     

    During his address to the Safai Mitra, Dr. Govil informed the Safai Mitra that the Central Government scheme PM-Jan Arogya Yojana (PM-JAY) provides a free-of-cost health cover upto Rs. 5 lakh to underprivileged people. Dr. Govil further directed the organising Departments to provide medicines prescribed by doctors to Safai Mitra on priority basis. 

     

    The one-day camp continued till evening and concluded with a facilitation of the doctors and their assistants for making their services available for the camp. As a token of appreciation, the Additional Secretary (Personnel) also presented certificates and bouquets for their invaluable service.

     

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    NB/KMN

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  • MIL-OSI Asia-Pac: Catalytic Droplets Leading to Faster Chemical Reactions can Bring Quicker Access to Innovative Medications

    Source: Government of India (2)

    Posted On: 23 SEP 2024 3:15PM by PIB Delhi

    Researchers have developed catalytic droplets that can lead to a 10-fold increase in speed and efficient catalytic reactions and that this is valid below a critical substrate concentration. Such efficient chemical reactions can accelerate drug development, leading to quicker access to innovative medications and potentially lower healthcare costs.

    Traditionally, chemists have relied on physical and chemical barriers to confine molecules during catalytic reactions. These methods, while effective, come with inherent limitations. The barriers that keep molecules in place can also restrict the movement of substrates and products, ultimately slowing down the very reactions they are meant to facilitate.

    Scientists at Institute of Nano Science and Technology (INST), Mohali, an autonomous institute of Department of Science and Technology explored a way to confine nano-catalyst molecules without impeding their movement. Conducting a bold experiment, Professor Sarmistha Sinha and her team, sought to confine protein–metal nanocomposites within droplets formed through liquid–liquid phase separation.

    Unlike traditional methods, this approach allowed for barrier-free confinement, so that the molecules within the droplets could move freely. The droplets themselves were indifferent to the native conformation of the proteins they contained, creating an ideal environment for catalysis. The result was a staggering tenfold increase in the catalytic efficiency of the metal nanocatalysts. This discovery opens up new possibilities for accelerating chemical reactions, making them faster and more efficient than ever before.

    In a subsequent study, they explored deeper into the behaviour of these droplets under varying conditions. Probing to understand how the interaction between a catalyst and different concentrations of substrate might impact the droplet phase and the kinetics of the catalytic reaction, they found that as the concentration of the substrate increased, the droplets, once fluid and dynamic, began to undergo an internal phase transition.

    The excess substrate induced changes within the droplets, restricting the movement of both the substrate and the products. This, in turn, led to a reduction in the overall reaction rate. This discovery suggests that while liquid–liquid phase separation offers incredible potential for enhancing catalysis, the concentration of substrates within these droplets is a critical factor that must be carefully managed.

    The finding published in the journal Nanoscale represents a paradigm shift in approach to chemical reactions. The ability to confine molecules within barrier-free droplets while maintaining—or even amplifying—reaction rates could lead to more efficient industrial processes, from drug manufacturing to energy production. Moreover, the insights gained from understanding phase transitions within these droplets could pave the way for new technologies that harness the power of liquid–liquid phase separation.

    Publication link: https://doi.org/10.1039/D4NR01402B

    Fate of Catalytic Droplets

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  • MIL-OSI Asia-Pac: Quantum Interferences in Atomic medium can store Light for High Precision Quantum Sensors

    Source: Government of India (2)

    Posted On: 23 SEP 2024 3:17PM by PIB Delhi

    Experimentalists have obtained a suitable optical response in an atomic medium that can be used to store light for a significant amount of time, facilitating designing applications for several quantum protocols for high precision quantum sensors, and more.

    For several years now, scientists have been working with alkali atoms like Rubidium and Cesium, but there have been little efforts to deploy Potassium, for the sheer difficulty in working with this element.

    Gourab Pal and Dr. Saptarishi Chaudhuri of the Quantum Mixtures (QuMix) lab at the Raman Research Institute, an autonomous institute of the Department of Science and Technology (DST), with their theory collaborator Prof. Subhasish Dutta Gupta, TIFR Hyderabad, used thermal Potassium and subjected the atoms to two laser lights in order to create quantum interferences in the atomic medium. The quantum coherence inside this atomic medium was created using the control light, which is also a laser. These probe and control lights were derived from extremely stabilized laser sources to perform the experiments using Potassium atoms.

    “The innovative nature of this work lies in the use of Potassium atoms for performing Electromagnetically Induced Transparency (EIT) studies by coherent medium. We looked for the probe light response after it passed through an atomic coherent medium,” said Gourab Pal, PhD student and lead author of the paper titled ‘Velocity selective multiple two-photon dark and bright resonances in Potassium vapor’.

    The EIT is a quantum interference phenomenon which dramatically modifies the optical response in atomic medium. In optical nonlinearities, there are multiple unique opportunities for controlling light with the use of light itself. And one classic example of this is EIT. This phenomenon occurs when the transmission of a probe beam is manipulated by the means of a control beam when passing through a dense medium. EIT experiments being scalable into the quantum domain with either one or more particles of light, the associated matter allows the implementation of quantum protocols with atoms and photons, as desired.

    Observations following the experiments gave surprising results. Instead of observing just one resonance line shape, as has been the case with other alkali atoms, the QuMix experimentalists this time observed three-line shapes in a single absorption spectrum.

    “This novel feature of three transparency windows using potassium vapours was observed for the first time. Usually, only one line shape is generally reported in previous works which deployed either Rubidium or Cesium atoms,” said Dr. Chaudhuri, co-author, and head, QuMix lab.

    The latest paper published in Physica Scripta has further enhanced the overall current understanding on various types of quantum resonances in coherent atomic media.

    “The additional two-line shapes emerged exclusively due to the closely-spaced, hyperfine ground states in potassium atoms. The two laser lights were found exchanging their excitation pathways using the moving atoms, creating two additional resonance lines. We have studied these experimentally with appropriate theoretical modeling,” explained Pal.

    The photons of light beams are stored inside the atomic media. When the coherence is established in the atomic media, the light information is transferred from photons to atoms. After some time, this process reverts.

    With India fast advancing its research and development efforts in the field of quantum technologies, RRI researchers said that this ability of storing light for a significant amount of time would come handy in multiple, futuristic quantum protocols, including quantum memory and quantum communication. A direct application of this understanding of coherent atomic media using Potassium would be in the domain of ultra-precise frequency stabilization of lasers.

    Since line shapes are tuneable, in terms of position in the frequency domain, it is a perfect tool to stabilize laser frequency, especially where spectroscopic references are unavailable. This would avoid the need for using expensive wave-length meters, the researchers said.

    The RRI duo claimed that the findings are unique because it corroborates that the quantum master equation (QME) description is valid even in cases where the ground energy level separation is small. QME is a theoretical tool to simulate quantum mechanical system (here Potassium atomic vapour), where light-matter interactions are studied. This approach is flexible to include various possible decay terms that mimic a real-world quantum system. In our theoretical modeling, we have used QME with relevant decay terms.

    Research Paper link : https://iopscience.iop.org/article/10.1088/1402-4896/ad5b2c

    Figure 1: A schematic of the experimental setup

    Figure 2: Observation of three bright resonances for a given value of control beam detuning 230.5 MHz

    Figure 3: Panel 1 shows the absorption spectrum of an atom under only the Probe light which has an energy similar to |F=1> to |F’>.

    Panel 2 shows the absorption spectrum of an atom when along with the Probe light, a Control light (energy similar to |F=2> to |F’>) is also passed through it. C shows that at the absorption dip, a peak is seen, which results in EIT.

     

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  • MIL-OSI Asia-Pac: Union Minister Dr. Mansukh Mandaviya Releases EPFO’s Provisional Payroll Data of July 2024

    Source: Government of India (2)

    Union Minister Dr. Mansukh Mandaviya Releases EPFO’s Provisional Payroll Data of July 2024

    EPFO Records All Time Highest Addition of 19.94 Lakh Net Members During July 2024; 10.52 Lakh New Members Enrolled with EPFO

    18-25 Age Group Leads with 8.77 Lakh Net Additions in July 2024, Making Up 59.41% of All New Members

    EPFO Adds Record 4.41 Lakh Net Female Members in July 2024; Marking Highest Monthly Addition for Women

    Posted On: 23 SEP 2024 3:08PM by PIB Delhi

    Union Minister of Labour & Employment and Youth Affairs & Sports released EPFO’s provisional payroll data of July 2024 in New Delhi today. He mentioned that EPFO has added 19.94 lakh net members in the month of July 2024, marking the highest recorded increase since payroll data tracking began in April 2018.

    Key highlights of the EPFO Payroll Data (July 2024) are as follows:

    Overall Membership Growth:

    EPFO added 10.52 lakh new members in July 2024, representing a 2.66% increase over June 2024 and a 2.43% rise compared to July 2023. This surge in new memberships can be attributed to growing employment opportunities, increased awareness of employee benefits, and EPFO’s successful outreach programs.

    Rejoining Members:

    Approximately 14.65 lakh members who had exited the system rejoined EPFO in July. This figure represents a 15.25% year-over-year increase. These members opted to transfer their provident fund accumulations rather than withdraw them, thus maintaining their long-term financial security.

    Group 18-25 Leads New Membership:

    The highest growth was observed in the 18-25 age group, with 8.77 lakh net additions in July 2024. This marks the largest increase for this demographic since records began and reflects the continued trend of young people, mostly first-time job seekers, entering the organized workforce. This age group represents 59.41% of all new members added during the month.

    Growth in Female Membership:

    Around 3.05 lakh new female members joined EPFO in July 2024, reflecting a year-over-year growth of 10.94%. In total, 4.41 lakh net female members were added, marking the highest monthly addition for women since payroll tracking began, with a 14.41% increase compared to July 2023. This indicates a shift towards a more inclusive workforce with growing female participation.

    State-wise Contribution:

    The states of Maharashtra, Karnataka, Tamil Nadu, Haryana, and Gujarat accounted for 59.27% of the total net member additions in July 2024, collectively adding 11.82 lakh members. Maharashtra led among the States/UTs, contributing 20.21% of the total new members.

    Industry-wise Trends:

    Significant membership growth was seen in sectors such as manufacturing, computer services, construction, engineering, banking (non-nationalized), and private sector electronic media. Notably, 38.91% of net additions came from expert services, including manpower suppliers, contractors, and security services, among others.

    The above payroll data is provisional since the data generation is a continuous exercise, as updating employee record is a continuous process. The previous data hence gets updated every month. From the month of April-2018, EPFO has been releasing payroll data covering the period September 2017 onwards. In monthly payroll data, the count of members joining EPFO for the first time through Aadhaar validated Universal Account Number (UAN), existing members exiting from coverage of EPFO and those who exited but re-joining as members, is taken to arrive at net monthly payroll.

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    Himanshu Pathak

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  • MIL-OSI Asia-Pac: Raksha Mantri Shri Rajnath Singh formally inaugurates Sainik School, Jaipur

    Source: Government of India (2)

    Raksha Mantri Shri Rajnath Singh formally inaugurates Sainik School, Jaipur

    “The school to provide patriotic youth with proper guidance to join the Armed Forces & serve the motherland”

    “Sainik schools impart academic knowledge and inculcate the values of discipline, patriotism & courage for holistic development of youth”

    Posted On: 23 SEP 2024 3:08PM by PIB Delhi

    In line with the Government’s vision to establish 100 new Sainik Schools  pan-India in partnership mode, Raksha Mantri Shri Rajnath Singh formally inaugurated Sainik School, Jaipur in Rajasthan on September 23, 2024. Of the 100 schools, Ministry of Defence has approved 45 in collaboration with state governments, NGOs and private schools. Forty (40) of these schools have started operations, and Sainik School, Jaipur is among them.

    In his address, the Raksha Mantri exuded confidence that the school will prove to be a boon to the patriotic youth of the state as proper guidance and necessary infrastructure will be provided to them to join the Armed Forces and serve the nation. “Rajasthan is a land of bravehearts like Maharana Pratap, Prithviraj Chauhan, Maharaj Surajmal and Sawai Jai Singh. These heroes are a motivation to the younger generation to join the military. This new Sainik school will provide a direction to them to serve their motherland,” he said.

    Shri Rajnath Singh stated that the PPP-model is generally considered as ‘Public-Private-Partnership’, but the collaboration is now moving away from its standard definition, and is now being seen as ‘Private-Public-Partnership’. “The private sector is now in the driver’s seat of the country’s economy, contributing significantly in agriculture, manufacturing and service sectors. Through these new Sainik schools, the private and public sectors will come together and provide the best education to our future generations,” he added.

    Terming education as the most fundamental element in the development of the nation, the Raksha Mantri highlighted the efforts being made by the Sainik Schools towards ensuring the physical, mental & social development of children, thereby creating a stronger future generation. He underlined the fact that Sainik schools not only impart academic knowledge, but also inculcate the values of discipline, patriotism and courage. The all-round development of the personality of students ​​inspires them to take the nation forward, he added.

    Shri Rajnath Singh mentioned the fact that the current Chief of the Army Staff General Upendra Dwivedi and Chief of the Naval Staff Admiral Dinesh K Tripathi are the shining products of Sainik School, Rewa. He added that not just the Armed Forces, the students of Sainik Schools can choose any other career and serve the nation in their own way. He urged the students to never give up and continue working hard to achieve their desired goals.

    The 100 new Sainik Schools in partnership mode are apart from the existing 33 Sainik Schools already functioning under the erstwhile pattern. These new schools, besides their affiliation to respective education boards, will function under the aegis of Sainik Schools Society and follow its Rules & Regulations. In addition to their regular affiliated board curriculum, they will impart education of Academic Plus Curriculum to the students of Sainik School pattern.

    The curriculum includes value-based initiatives such as debates on issues like gender equality & environment protection, skill-based training, extra-curricular activities, community service, physical training, NCC, tours & excursions and motivational talks. The aim of the Academic Plus Curriculum is to ensure holistic development of students to make them a contributing member in the progress of the Nation.

    In September 2023, Sainik Schools Society, Ministry of Defence had signed a Memorandum of Agreement with Shri Bhawani Niketan Shiksha Samiti for the establishment of a new Sainik School at Shri Bhawani Niketan Public School, Jaipur.

    Deputy Chief Minister of Rajasthan Smt Diya Kumari and Minister of Youth Affairs & Sports, Government of Rajasthan Col Rajyavardhan Rathore (Retd) were among the dignitaries present on the inauguration of Sainik School, Jaipur.

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  • MIL-OSI United Nations: Committee on Enforced Disappearances Opens Twenty-Seventh Session

    Source: United Nations – Geneva

    Hears that Enforced Disappearances Are on the Increase as a Result of National and International Conflicts and Growing Polarisation Within and Between Countries

    The Committee on Enforced Disappearances this morning opened its twenty-seventh session, during which it will examine the reports of Morocco, Norway and Ukraine on their implementation of the provisions of the International Convention on the Protection of All Persons from Enforced Disappearance.

    Opening the session, Mahamane Cisse-Gouro, Director, Human Rights Council and Treaty Mechanisms Division, Office of the United Nations High Commissioner for Human Rights, and Representative of the Secretary-General, said the Committee’s agenda deserved the world’s full attention at a time when enforced disappearances were on the increase as a result of national and international conflicts, and growing polarisation within and between countries.  In times like these, the vital role of human rights mechanisms to protect and promote human rights became even more obvious.

    Mr. Cisse-Gouro welcomed that, since the last session, Thailand, South Africa, Côte d’Ivoire and Bangladesh became parties to the Convention, which now had 76 States parties.  He expressed hope that the World Congress on Enforced Disappearances, which would be held in Geneva, Switzerland on 15 and 16 January 2025, would contribute to efforts to achieve universal ratification.

    He also said he was pleased that, since the beginning of the Committee’s urgent action procedure, 512 urgent actions had been closed following the location of the disappeared person, including 15 since the last session.  Out of the 512 located persons, it was particularly heartening that 408 were located alive.

    Olivier de Frouville, Committee Chairperson, in his opening statement, said the session was opening in a context that was worrying for the future.  Conflicts of all kinds were multiplying and claiming thousands of victims on all continents.  In this context, the practice of enforced disappearances, far from receding, was spreading throughout the world.

    Mr. de Frouville said there could be no human rights without an effective rights protection system, but the treaty bodies system was dramatically under-resourced.  The Committee was therefore pleased by the adoption yesterday of the Pact for the Future by the General Assembly.  The Pact instructed the Secretary-General “to assess the need to provide the human rights protection mechanisms of the United Nations system, including the Office of the High Commissioner, with adequate, predictable, increased and sustainable funding to enable them to carry out their mandates efficiently and effectively.”

    Mr. de Frouville concluded by expressing solidarity with the victims of enforced disappearances, including the disappeared, their families and loved ones, who, day after day, suffered the torture of not knowing what had become of the victims.

    During the meeting, Shui-Meng Ng, the wife of Sombath Somphone, a victim of enforced disappearance in Lao People’s Democratic Republic, recounted her husband’s disappearance and her subsequent efforts seeking truth, justice and reparation. 

    Committee Expert Barbara Lochbihler provided the Committee’s response to Ms. Ng’s statement, thanking her for sharing her story and presenting actions undertaken and planned by the Committee concerning Mr. Somphone’s case and the broader fight against enforced disappearances.

    Before closing the meeting, the Committee adopted its agenda for the session.

    All the documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Webcasts of the meetings of the session can be found here, and meetings summaries can be found here.

    The Committee will next meet in public at 3 p.m. this afternoon, Monday, 23 September, to consider the initial report of Ukraine (CED/C/UKR/1). 

    Statements

    MAHAMANE CISSE-GOURO, Director, Human Rights Council and Treaty Mechanisms Division, Office of the United Nations High Commissioner for Human Rights, and Representative of the Secretary-General, said the Committee’s agenda was as busy as ever and deserved the world’s full attention at a time when, sadly, enforced disappearances were on the increase as a result of national and international conflicts, and growing polarisation within and between countries. 

    There were multiple crises affecting the globe today.  In times like these, the vital role of human rights mechanisms to protect and promote human rights became even more obvious.  They communicated to States their human rights records and recommended ways to rectify what had gone wrong, bring justice to victims, and adopt measures to protect human rights and prevent their violation.  Mr. Cisse-Gouro said human rights were regulators and correctors of power dynamics gone awry. International cooperation, grounded in human rights, was the channel all had to effect change and to address the massive challenges of the time. 

    The work of the treaty bodies, including this Committee, was key to make this a reality.  The guidance and recommendations they provided, and the ongoing interaction they had with States, victims, civil society organizations, and national human rights institutions through the different mandated procedures, helped to identify ways to prevent and address human rights violations.

    In times like these, the human rights mechanisms benefitted from increased synergy and mutual reinforcement. Mr. Cisse-Gouro noted with pleasure that reference was made to the Committee’s general comment on enforced disappearances in the context of migration in the report of the Human Rights Council’s intersessional panel discussion on the human rights of migrants. This was an excellent example of mutual reinforcement.

    The Committee had continued to promote mutual reinforcement in all its activities.  Since the last session in February, it had responded positively to more than 15 requests for training and consultations submitted by States and civil society actors around the world to promote the ratification and implementation of the Convention. 

    On 30 August, the International Day of the Victims of Enforced Disappearances, the Committee issued a joint statement with the Working Group on Enforced or Involuntary Disappearances, the Inter-American Commission on Human Rights, the African Commission on Human and Peoples’ Rights, the Council of Europe Commissioner for Human Rights, and the representatives of Indonesia and Thailand to the Intergovernmental Commission on Human Rights of the Association of Southeast Asian Nations. In this statement, the Committee urged all actors to immediately join forces to support victims of enforced disappearances and ensure that their rights and obligations, as codified in regional and international treaties, became a reality for all.  The Committee called on actors to take part in the World Congress on Enforced Disappearances, which would be held in Geneva, Switzerland on 15 and 16 January 2025. 

    On the same occasion, the High Commissioner for Human Rights said that there was no justification for enforced disappearances.  Yet, every day, this heinous crime continued to silence and destroy lives.  The World Congress in January 2025 was an opportunity to establish a strategy and network so that the world could finally end this tool of terror.  Bringing together experts, victims, States and other key actors in the context of this first World Congress on Enforced Disappearances to share their experiences and good practices, and to establish a common strategy to promote the ratification of the Convention and its implementation, was indeed a unique opportunity that needed to be fully seized.

    In times like these, it was particularly welcome that, since the last session, Thailand, South Africa, Côte d’Ivoire and Bangladesh became parties to the Convention, which now had 76 States parties.  The Office celebrated these ratifications, while continuing its efforts to achieve universal ratification.  It hoped that the World Congress would contribute to reaching this objective. 

    The Office of the High Commissioner continued to actively support efforts to strengthen the treaty body system, which was the key topic at the thirty-sixth annual meeting of the treaty body Chairpersons in New York in June 2024.  The Chairpersons met with the Secretary-General and other senior United Nations officials, civil society and Member States.  The Chairs made marked progress in terms of aligning working methods, and they advocated together for enlarged support for the implementation of the treaty body strengthening process.  At a well-attended meeting with Member States, the Chairs called for resources to implement the predictable review schedule and other key strengthening proposals.

    A heavy programme for the next two weeks was before the Committee.  It would examine three States parties under the Convention: Ukraine, Morocco and Norway. It would also adopt lists of issues and lists of themes for Belgium, Lesotho, Seychelles and Serbia and consider requesting ad hoc additional information. 

    Also before the Committee was the report on urgent actions.  As of today, the Committee had registered a total of 1,893 urgent actions.  Out of these, 1,101 were “living cases” on which the Committee needed to carry out comprehensive follow-up, either individually or in groups.  Mr. Cisse-Gouro said he was particularly pleased that since the beginning of the procedure, 512 urgent actions had been closed following the location of the disappeared person, including 15 since the last session.  Out of the 512 located persons since the beginning of the implementation of the procedure, it was particularly heartening that 408 of them were located alive.  The Committee would also examine one individual complaint, and further discuss projects related to short-term enforced disappearances and to women and enforced disappearances. 

    Mr. Cisse-Gouro recalled the United Nations’ zero tolerance policy on intimidation and reprisals.  The Secretary-General had asked all entities to be vigilant and committed in this area. Civil society and victims provided crucial information and testimony to the treaty bodies and provided contextual information essential to their work.  States needed to ensure adequate protection against any act of intimidation or reprisal against those who cooperated or had cooperated with the United Nations and its mechanisms. 

    Mr. Cisse-Gouro concluded by expressing his support to the Committee and wished it a fruitful and productive session.

    OLIVIER DE FROUVILLE, Chairperson of the Committee on Enforced Disappearances, said the session opened in a context that was worrying for the future. Conflicts of all kinds were multiplying and claiming thousands of victims on all continents.  Power politics seemed to be back in international relations more than ever and, within States, merchants of hatred were stirring up mistrust between communities and preparing for tomorrow’s conflicts.  The disastrous consequences of global warming were increasingly being felt, causing natural disasters that were additional factors of instability.

    In this context, the practice of enforced disappearances, far from receding, was spreading throughout the world. Even when enforced disappearance took different forms, the objective always remained the same: to deny the disappeared person any humanity both as a legal person and as a natural person, and to spread terror among those close to them, who suffered the torture of uncertainty, a terror that quickly spread throughout society.  But victims were resilient, as were societies. 

    Experience showed that every time criminals wanted to impose silence and obedience through enforced disappearance, victims’ families assembled in public squares and brandished their photos, asking the simple and fundamental question: “where are they?” Above all, it was women, mothers, sisters, wives who had the courage to call out armed men, because no amount of oppression or extreme violence could make them accept that their loved ones had evaporated into thin air.  Their determination eventually gave rise to a new norm of international law: the complete prohibition of enforced disappearance.  Their struggle had also led to the adoption of the Convention, in which States pledged to take all measures to make this prohibition effective and to eliminate the practice of enforced disappearance.

    It was with a view to fulfilling this promise that several actors joined forces to organise the first World Congress on Enforced Disappearances, which would be held in Geneva on 15 and 16 January 2025.  Mr. de Frouville thanked the High Commissioner Völker Turk for agreeing to be present at the opening session of the Congress, as well as his Office and States that were co-sponsoring the event.  The Congress’ programme and plan of action were the result of a consultation process carried out since March 2024 with States and all other stakeholders, including victims’ associations, civil society organizations. and national human rights institutions.  Mr. de Frouville invited all States, including parties and non-parties to the Convention, and all stakeholders who were willing to commit themselves to acting, even modestly, against enforced disappearance to come to the meetings of the Congress.

    The fight for respect for human rights needed to be based on robust institutions and procedures.  There could be no human rights without an effective rights protection system.  However, the treaty bodies system was dramatically under-resourced; its budget was ridiculous in view of the magnitude of its task.  In 2023, its budget was 459 million United States dollars, of which only 178 million was financed from the United Nations regular budget, forcing the Office of the High Commissioner to find 280 million in extra-budgetary resources.  This sum did not cover all the estimated needs, which would have required an additional 171 million.  This amount seemed ludicrous in view of the major role that the United Nations system played today in defending human rights and helping States and civil society to defend them in a world where they were threatened more than ever.

    The Committee was therefore pleased by the adoption yesterday in New York of the Pact for the Future by the General Assembly.  Among other interesting provisions, Measure 46 of the Pact instructed the Secretary-General “to assess the need to provide the human rights protection mechanisms of the United Nations system, including the Office of the High Commissioner, with adequate, predictable, increased and sustainable funding to enable them to carry out their mandates efficiently and effectively.” 

    This was in line with the call made by the Chairpersons of the treaty bodies at their thirty-sixth meeting held last July in New York.  The Chairs told the Secretary-General and Member States that the treaty bodies needed, before the end of the year, a decisive resolution that would enable them to quickly implement the predictable timetable for the consideration of States’ reports.  The immediate costs associated with this change would in fact represent a saving in the medium and long term, since the change would be accompanied by a longer reporting period of eight years, and economies of scale resulting from better coordination and complementarity between the 10 Committees and the rest of the system.  The Committee Chairs expressed their hope that States would seize this opportunity to strengthen the treaty system decisively.

    A year ago, a conference was held on a joint declaration on illegal intercountry adoptions drafted by the Committee on Enforced Disappearances, the Committee on the Rights of the Child, and several Special Procedures.  The conference was an opportunity to hear from victims from all parts of the world, including adoptees and biological parents searching for their missing children. A documentary about the victims’ story and their quest for the truth would be premiered in Geneva, in parallel with this session, on 1 October 2024 in Auditorium A2 of the Maison de la Paix. The screening would be followed by a debate featuring the victims, who would testify about their experiences.  A short excerpt from the documentary would also be shown at the closing of this session on 4 October.

    Mr. de Frouville concluded by expressing solidarity with the victims of enforced disappearances, including the disappeared, their families and loved ones, who, day after day, suffered the torture of not knowing what had become of the victims.

    SHUI-MENG NG, wife of Sombath Somphone, victim of enforced disappearance in Lao People’s Democratic Republic, said her husband was disappeared in December 2012 in front of a police post, where he was pushed into a white vehicle and taken away.  Everything that happened at the time of the disappearance was recorded by police traffic cameras.  He was a community worker who helped poor farmers to improve their livelihoods.  He also worked with young people to find solutions for themselves and become more resilient, and with local communities to help them prepare and respond to climate change.  Ms. Ng said she did not know why he had been disappeared, but said his work may have annoyed powerful people, who felt he was threatening their interests.

    Ms. Ng did not know if her husband was still alive.  This was the pain that victims of enforced disappearance suffered.  The pain remained with her every day, despite the passing of time.  The fear that he would not come back loomed larger and larger with each day, and the hope that he would return was fading.

    Enforced disappearance was the most criminal violation of human rights.  Ms. Ng called on the Committee and all States to appeal to the Government of Lao People’s Democratic Republic to reveal the truth regarding this enforced disappearance.  Ms. Ng had appealed to the authorities and received no information, with authorities simply stating that the investigation was ongoing.  The hope that she would receive truth and justice was becoming more remote, but she said that she would not give up.  She would continue to raise the case of her husband at every opportunity, seeking news about what happened to him, as well as truth, justice and reparation until her last breath.

    Ms. Ng urged the Committee to not forget the victims and their families.  There were more than 14,000 cases of enforced disappearance before the United Nations.  This was unacceptable in a world where governments claimed to protect their citizens from enforced disappearance.  The Lao People’s Democratic Republic was a signatory to the Convention but had not ratified it.  It nevertheless needed to uphold the spirit of the Convention.  In closing, Ms. Ng appealed for the safe return of her husband.

    BARBARA LOCHBIHLER, Committee Expert, thanked Ms. Ng for sharing the day that changed her life, the struggle that had defined her life ever since, and the pain that remained with her every day.  This case was particular in several respects.  Sombath Somphone was a well-known, dedicated and passionate community worker.  He was honoured with awards beyond his country.  His disappearance did not happen mysteriously in an unknown place but was recorded by police traffic cameras. 

    International non-governmental organizations like Amnesty International and Human Rights Watch had campaigned on his behalf, and international media had reported on the case.  The European Parliament had called for his release, as had parliamentarians from the region.  United Nations bodies, including the Human Rights Committee, had questioned the Lao Government on the issue.  Ms. Ng’s tireless efforts were based on her professional expertise, her profound knowledge of international structures, and her experience in international solidarity networking.  Despite these efforts, Sombath Somphone remained disappeared, his fate and whereabouts still unknown to his family and friends.

    Pain and suffering remained with the victims of enforced disappearance every day despite the passing of time, because with time hope faded.  Ms. Ng and Mr. Somphone’s supporters had been confronted with ignorance, disregard, inaction, negligence and outright lies from authorities.  This was what so many victims of enforced disappearance had to deal with, often exacerbated by reprisals and existential distress.  Mr. Somphone’s case clearly showed that an enforced disappearance had not only serious consequences for victims’ family and friends but also had a chilling effect on the civil society of the given community or country.  After Mr. Somphone’s disappearance, civil society organizations in Lao People’s Democratic Republic were in fear, becoming more careful in their work or even inactive.  This surely pleased those responsible for Mr. Somphone’s disappearance.

    Ms. Ng, as with victims in so many countries, rightly had high expectations of the Committee.  However, the Government of Lao People’s Democratic Republic had signed but not ratified the Convention, so the Committee had no formal means to review the situation in the State or ask for information on particular cases.  Unfortunately, this applied to many countries in Asia, where only a few States had ratified the Convention. 

    The Committee was sincerely committed to change this, intensifying its outreach to governments and the broader human rights movement.  Last year, it had a fruitful meeting with the Association of Southeast Asian Nations’ Intergovernmental Commission on Human Rights. In November, the regional office of the High Commissioner for Human Rights and the Committee would organise several workshops with State and civil society organization representatives in Bangkok, and in January, the World Congress on Enforced Disappearance would gather activists and diplomats, victims and United Nations representatives to discuss ways forward in the fight against enforced disappearances.

    Regrettably, the impact of a United Nations treaty body had its limitations.  Essential for things to change was serious political will by the Government to act.  The Committee would appeal to the Lao Government to demonstrate this political will and would never forget the victims.  Ms. Lochbihler thanked Ms. Ng wholeheartedly for addressing the Committee, congratulating her for her passion and energy, and for not being discouraged by years of ignorance and denial.  She expressed hope that the search for Ms. Ng’s husband would one day bring to light what really happened, as Ms. Ng had the right to know the truth.

     

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

     

     

    CED24.006E

    MIL OSI United Nations News

  • MIL-OSI China: Cai Guo-Qiang’s big bang of art, science and AI

    Source: China State Council Information Office 3

    When art meets science, the result can be explosive and revolutionary.

    This fusion lies at the heart of Cai Guo-Qiang: A Material Odyssey, an exhibition currently on at the University of Southern California Pacific Asia Museum, which runs until next June.

    The exhibition goes beyond the traditional gallery format, merging art with chemistry, physics and artificial intelligence to display the pioneering work of contemporary artist Cai Guo-Qiang, who uses gunpowder in his creations.

    “Cai’s work is a masterful demonstration of how art and science can converge to create something entirely new,” Bethany Montagano, director of USC Museums, told reporters at a preview event on Sept 13.

    “We are excited to host this transformative exhibition, which not only celebrates Cai’s innovative use of gunpowder, but also highlights the important research and collaboration happening at the intersection of art, science and AI,” she says.

    A Material Odyssey features a series of gunpowder test pieces produced for the Getty Research Institute to study.

    The 67-year-old was born in Quanzhou, Fujian province, and trained in stage design at the Shanghai Theatre Academy in the early 1980s. From December 1986 to September 1995, he worked in Japan and has lived and worked in New York since then.

    Best known for his use of gunpowder in intricate paintings, drawings and large-scale pyrotechnic performances, Cai has spent decades pushing the boundaries of art by incorporating volatile materials into his creative process.

    These materials have been central to his philosophy and creative practice, symbolizing both destruction and creation.

    “I am often inspired by the calmness and the natural strength manifested in the work after the vibrant colors fade. Changes in the gunpowder bring about uncontrollability and unpredictability, which is what makes working with gunpowder so fascinating. The change itself is part of my work,” Cai says.

    According to Rachel Rivenc, lead curator and head of Conservation and Preservation at the Getty Research Institute, A Material Odyssey highlights something rarely seen in exhibitions: science as a tool for understanding artistic techniques, and presents imagery that explores the molecular behavior of gunpowder, and its evolution as an artistic medium in the artist’s hands.

    “Cai has embraced the use of gunpowder because he wanted to relinquish control over the creative process. No matter how precisely a gunpowder drawing is planned, the results are still unpredictable,” Rivenc says.

    “The awe-inspiring nature of Cai Guo-Qiang’s work embodies many of the values we hold dear at our museum,” says Rebecca Hall, USC PAM curator. “His gunpowder drawings and paintings, when presented alongside the museum’s permanent collection and housed in this historic building, remind us that as we push the boundaries of art and science, we remain deeply connected to the wisdom and creativity of the past.”

    The event serves as a companion to the artist’s latest project, WE ARE: Explosion Event for PST ART, which lit up the skies above the Los Angeles Memorial Coliseum on Sept 15. Integrating AI-driven choreography with fireworks, drones and data science, the free daytime performance commissioned by Getty launched PST ART’s new theme, Art & Science Collide, in a spectacular fashion.

    “Today, with the rapid rise of technologies like AI, culture and the arts often seem powerless. I hope WE ARE will serve as a monumental gesture of how the art world can merge the virtual and real in this new AI-driven era, while also standing as a strong voice and decisive action in these turbulent times,” says Cai, who has been researching AI since 2017.

    The event was one of the first large-scale daytime fireworks display in the US to incorporate drone formations equipped with pyrotechnic devices, according to Katherine Fleming, president and CEO of the J Paul Getty Trust.

    MIL OSI China News

  • MIL-OSI Australia: Allens advises SK Group

    Source: Allens Insights

    Allens has advised SK Group on an agreement to extend the timeline for its put option with Masan Group (MSN) and its sale of a 7.1% stake in WinCommerce to MSN for US$200 million. 

    SK Group is a leading conglomerate, ranking second among Korean enterprises in total assets. Since 2018, SK Group has invested over US$1.2 billion in MSN and its affiliates, including approximately US$470 million for a 9.5% stake in MSN with a put option to sell the shares back to MSN in 2024, which has now been extended.  

    Together with extending the put option, Allens also advised SK Group on the sale of its 7.1% stake in WinCommerce to MSN for US$200 million.

    ‘We are delighted to have worked with SK Group on these significant transactions and look forward to our continued work together in the future,’ said Partner Linh Bui.

    Allens legal team

    Linh Bui (Partner), Ngoc Anh Tran (Partner), Ha Nguyen (Senior Associate), Thuy Linh Nguyen (Associate), Tien Tran (Associate), Nhi Duong (Junior Associate), Phu Tran (Junior Associate)

    MIL OSI News

  • MIL-OSI Australia: Activist shareholders are becoming more efficient, more sophisticated and better resourced

    Source: Allens Insights

    How companies can stay ahead of evolving campaigns 6 min read

    Shareholder activists are increasingly using novel tactics to influence the strategies of companies. While campaigns continue to focus on the full spectrum of key issues like M&A activity, business operations and strategy, regulatory concerns and ESG-related matters, we are seeing a change in the type of shareholder launching campaigns. Large institutional players and funds (including super funds) are moving into this space, resulting in better-funded and more sophisticated campaigns. Activists are also increasingly willing to take campaigns public without first engaging with the company, meaning they are less predictable.

    This escalation underscores the need for companies and boards to understand the interests of their stakeholders and anticipate potential activist agendas, and to take a proactive approach to managing those issues in order to be prepared and minimise the risk of becoming a target of a campaign.

    In this Insight, we discuss recent shareholder activism trends in Australia, explore some of the novel tactics used by activists and discuss strategies for companies to prepare for an activist campaign.

    Key takeaways 

    • With large institutional players and funds (including super funds) becoming more active, campaigns are becoming more efficient, sophisticated and resourced.
    • There has been an increasing trend for activists to go public without prior engagement with the company, meaning an impending campaign is not always easy to identify or predict.
    • The tactics and objectives of activist shareholders are wide-ranging, with shareholders using novel tactics such as fast-paced public campaigns through online platforms and seeking access to internal company documents.
    • To mitigate against these risks and disruption to the business, companies and boards must plan and execute effective strategies that anticipate and respond to activist campaigns.

    Who is launching campaigns?

    Super funds and other large institutional investors are increasingly pursuing an active role in the oversight of their investments – which is pertinent, given super funds currently hold an interest in approximately 34% of the ASX, which is estimated to eventually increase to more than 50%.1 Further, the Australian market has seen activist investment firms, including Australian-based hedge funds, join forces to exert greater influence over company strategy. 

    Key issues driving activists

    M&A activity

    Where a prospective M&A opportunity requires shareholder approval, then by its nature, it needs to be viewed favourably by shareholders to satisfy any applicable approval thresholds. However, even where shareholder approval isn’t being sought, we are seeing a rise in shareholders using their influence to oppose or otherwise alter the terms of M&A activity, putting pressure on the company to pursue alternative strategies or alter the terms of a deal. Tactics used by shareholders to exert influence on emerging M&A transactions can range from confidential non-public engagement with the company, to (increasingly) public criticism of the deal and launching a campaign to actively oppose the relevant transaction and seek support from other shareholders. For instance, earlier this year, Pendal Group, Qantas’ largest investor, publicly voiced concerns about Qantas’ ability to meet projected earnings margins amidst plans to purchase aircraft assets worth over $3 billion. Following the widespread criticism, the company was reported to have pulled back from public presentations on the matter. Whitehaven was also targeted by Bell Rock, a hedge fund investor, as it pursued a transaction to acquire metallurgical coal assets from BHP. The public campaign opposed the proposed acquisition and use of Whitehaven funds, and subsequently targeted the company’s remuneration policies, including writing letters to Whitehaven shareholders and creating a website encouraging shareholders to take action at the upcoming AGM. It culminated in Whitehaven applying to the Panel seeking a declaration of unacceptable circumstances (see our Insight for more details on Bell Rock’s misadventure here).

    We have seen an increase in highly publicised activist campaigns that have successfully resulted in shareholders rejecting takeover bids and schemes of arrangement. Historically, shareholders opposing M&A activity were often competing bidders seeking to advance their own position. Recently, there has been an increase in campaigns by shareholders that are not competing bidders, but rather they oppose the transaction because they see the proposal as opportunistic or otherwise have different views on the longer term value of the company. Notable recent examples are AustralianSuper’s opposition to the Origin takeover and Tanarra Capital’s push for change at Bapcor.

    Business operations and strategy 

    Shareholders have a clear incentive to pursue an activist campaign against a company where, in the eyes of the activist, there are perceived strategy or governance shortcomings or an underperforming share price or asset base.

    Activists can and more frequently will look to challenge corporate strategies in the pursuit of what they perceive as better value or alignment with long-term growth objectives. In May this year, an Australian-based oil and gas producer faced shareholder dissent at its AGM and received a ‘first strike’ against its remuneration report. Shareholders had been advocating for a higher dividend payout ratio and a greater return of cash.

    Activist investment firms, in particular, are increasingly making public statements regarding their own business strategies for investee companies – for example, recommending dividends and buybacks over M&A activity and development. As mentioned earlier in this article, Bell Rock’s campaign against Whitehaven was borne from the hedge funds’ dissatisfaction with the corporate strategy to cease a buyback and deploy the capital on an M&A opportunity. Lendlease, similarly, experienced significant pressure from activist firms Tanarra Capital, Allan Gray, and HMC Capital to refocus its activities on domestic operations rather than offshore expansion.

    Regulatory concerns

    Australian companies and boards are navigating Australia’s ever-changing and complex regulatory landscape. With increasing shareholder expectations regarding a company’s legal and regulatory compliance, we are seeing a rise in shareholders advocating for changes that they believe will enhance compliance, protect a company from legal risks, and strengthen its financial health and public reputation.

    In the gambling sector, for example, non-compliance has compelled shareholders to demand changes to cultural practices and the reconfiguration of boards. Recently, the Alliance for Gambling Reform voiced its plans to target Nine Entertainment and Seven West Media from within, as shareholders, in an attempt to stop gambling advertisements. Shareholder resolutions were publicly revealed as the activism tactic of choice. Unsurprisingly, there remains a consistent push for corporate behaviour to align with regulatory best practices and investor expectations.

    Environment, social and governance considerations

    Historically dominated by individual investors and smaller single-issue activist groups, shareholder activism in the ESG space is now also characterised by the involvement of large institutional investors, with significant resources to dedicate to activist campaigns. Earlier this year, HESTA voted against the re-election of the Chair of the Santos board on the basis of climate-related factors. The activity of these types of investors is often driven by their own ESG-related targets and other commitments they have made to their investors.

    Beyond climate, we anticipate that future shareholder activism in the ESG space may be driven by nature-related considerations. Allens recently discussed the growing need for boards to exercise due care and diligence in relation to nature-related risks and opportunities following elevated investor scrutiny and agitation in this area. In particular, boards must understand the risks associated with a company’s nature-related dependencies and impacts in order to appropriately consider, manage and/or disclose a company’s nature-related matters to meet shareholder expectations.

    Developing strategies to address ESG interests of shareholders and more broadly adapting to the shift in societal expectations will be paramount. The constant advancement of tools and methodologies used to evaluate ESG successes will further drive shareholder scrutiny. M&A front-runners are progressively turning their attention towards these issues, devising innovative approaches to embed relevant ESG factors into their M&A strategies.2

    Activist tactics

    While activism can take many forms depending on the specific goals of the shareholder involved, there are some common tactics employed in the Australian market. 

    Established tactics

    The more typical activist tactics involve utilising the mechanisms available under the Corporations Act to do one or a combination of calling a meeting, proposing resolutions, distributing materials to shareholders and nominating candidates to the board, each with the purpose of placing a spotlight on an issue or advancing an agenda.

    With a spotlight on the experience of the ASX300 during the 2023-24 financial year:

    • of the 37 remuneration reports voted down by shareholders, around five appear to have been a protest vote due to shareholder concerns beyond remuneration-related issues; and
    • four companies had shareholders approve amendments to their constitution, where those amendments were proposed by shareholders and opposed by the board.

    The window for these types of activist campaigns was in the lead-up to AGM season.

    Historically, activists would generally engage with the company as a first step, before going public with a campaign in the month or two ahead of the relevant AGM, which meant companies had more lead time to prepare.

    However, we are now seeing these campaigns being launched outside that typical AGM window. Activists are also becoming more aggressive and are increasingly willing to take the campaign public without first engaging with the company, which can surprise the company and put them on the back foot.

    Emerging tactics

    The existing toolkit is being supplemented with new tactics that are coming to the fore.

    Harnessing the power of the internet and social media, shareholders are reaping the benefits of activism in a tech-savvy world. Novel online platforms are providing new and unpredictable ways for activists to join forces and launch powerful campaigns. The Alliance for Gambling Reform, mentioned earlier in this article, used online share-trading platform SIX, a trading platform that unites shareholders, to begin its campaign against gambling advertising. Similarly, the widespread reach of social media means that shareholders have more power than ever to captivate the public and influence a market. In a successful campaign against a proposed demerger in 2022, the largest shareholder of an Australian-based energy provider launched a sharp website and employed X (then Twitter) to broadcast a video that appealed to other shareholders. Companies must become comfortable with the reality that one activist could quickly and unexpectedly gain substantial online support.

    Shareholders are also seeking opportunities to obtain a company’s own documents and policies (not all of them public) and hold them to account against a particular activist agenda. This approach has seen shareholders seek preliminary discovery of documents relating to the target company’s internal risk management framework. More recently shareholders have used document inspection powers under the Corporations Act to seek to obtain the target company’s internal documents relating to its climate exposure, as well as human rights issues.

    How to prepare

    Campaigns can be launched without warning and escalate quickly. All companies should take steps to prepare, even if they aren’t anticipating being a target. To be able to be decisive and act swiftly, companies should:

    • actively monitor securities trading and share registers for any early signs of stakes being accumulated;
    • ensure public-facing documents clearly and consistently articulate the company’s strategy;
    • proactively communicate with stakeholders regarding the company’s strategies and values, particularly around points that could be open to challenge, such as operational costs, executive remuneration, ESG related performance and regulatory compliance;
    • consider the breadth of their ESG related public commitments and statements and areas that may be open to scrutiny based on gaps in practice against those commitments or trends in stakeholder activism focus areas;
    • undertake training exercises and work through scenarios with the board and senior leadership to be familiar with how a campaign could play out and potential responses; and
    • have standing appointments for financial, legal and other specialist advisers (such as communications experts) that can be called on quickly if the need arises.

    MIL OSI News

  • MIL-OSI New Zealand: Government undermines public service with WFH crackdown

    Source: Green Party

    The Green Party says the Government’s retrograde move to tighten up on Work from Home arrangements is the latest in a series of blows to the Public Service.

    “This is shallow soundbite policy and a cheap shot to a public service that is being gutted by the Government,” says the Green Party Spokesperson for the Public Service, Francisco Hernandez.

    “Our public service needs to be supported so it can support our communities. Undermining our public servants at every opportunity will only lead to an erosion of the services we all rely on. 

    “We saw firsthand during the pandemic the benefit of flexible work arrangements and how they can support people to achieve a better work life balance, being beneficial to productivity and morale. 

    “This gimmick Government wants to take us back to the pre-internet days when we lacked the flexibility to adopt working arrangements that work for our workers. This Government quite clearly mistrusts and undervalues the public service. 

    “How can the Government claim this is about improving the performance of the public service when it has repeatedly punched down on our public servants? 

    “It is laughable for the Prime Minister to claim that this will be good for the Wellington CBD when his Government has cut almost 7,000 public service jobs, which has had devastating down-stream effects to the local economy. 

    “If we want to reinvigorate the heart of our cities, we need to support public and active transport, bolster our urban density and stop gutting public services, slashing jobs and cutting incomes.

    “Public servants should have the right to safe, decent and meaningful work that affords them the right balance of working from home and from the office. This should be a discussion between employers and employees, not something that is dictated by Nicola Willis.  

    “The Greens would reform our employment laws for all workers in New Zealand to enable flexible working arrangements, including working from home,” says Francisco Hernandez.

    MIL OSI New Zealand News

  • MIL-OSI Submissions: Nigeria: fears of disease outbreaks grow in Maiduguri following severe flooding

    Source: Médecins Sans Frontières/Doctors Without Borders (MSF)

    Maiduguri, Borno state, 23 September 2024 – Médecins Sans Frontières/Doctors Without Borders (MSF) is highly concerned about the significant risk of malaria and waterborne diseases, including cholera, following the recent flooding that has inundated vast parts of Maiduguri. in north-eastern Nigeria. MSF fears that this crisis could increase the levels of malnutrition in the area and calls for urgent additional support, especially in terms of water, sanitation, and medical care, to protect people already heavily impacted by long-term insecurity and unprecedented levels of malnutrition.

    On 10 September, heavy rain caused the Alau Dam in Borno State to overflow, leading to major floods in and around the city of Maiduguri. The deluge heavily impacted houses, markets, fields, livestock, and several health facilities. According to Borno State authorities, close to 400,000 people have been registered in 30 makeshift displacement sites.[1] Most of the sites are schools with too few latrines, and a lack of safe drinking water.

    “We are very concerned about the precarious living conditions and the potential outbreaks of cholera and malaria”, says Dr Issaley Abdel Kader MSF Head of mission in Nigeria. “The number of children affected by malaria and acute watery diarrhoea had already started to increase before the flooding, and we have seen some with clinical signs of cholera since the floods. We are afraid that the number of cases will rise without an increase in medical and humanitarian support, particularly support for water, sanitation and hygiene services.”

    Last week, MSF teams visited several displacement sites (Galtimari, Yerwa, Ali Sheriff, Vocational Enterprise Institute, Teachers Village) to assess people’s needs and start the provision of essential services such as access to water through water-trucking and water tanks, the installation and repair of latrines, and the distribution of mosquito nets. Teams are also running outpatient consultations in the sites, including mental health support, and referring critical patients to the facilities we support. Given the risks posed by malaria and cholera, MSF is also planning to expand the paediatric facility it supports by 100 beds and have begun setting up a cholera treatment centre that can be increased to a 100-bed capacity, if needed.  

    The Borno State government has announced the closure and merging of most displacement sites in the coming days. They plan to keep three main sites to accommodate people who still have no place to stay for one more week, and a mass cholera vaccination is upcoming.

    “All parties involved in the humanitarian response must continue providing assistance to the people affected by the floods as long as it will be necessary and ensure immediate and easy access to medical care for those who need it. The closure of most sites means that many will find themselves in a very vulnerable situation. For those remaining in the sites, prompt action must be taken to swiftly improve hygiene conditions, including access to latrines, safe water and mosquito nets”, says Dr. Issaley.

    Support for communities won’t just be needed at the new displacement sites. Well before the flooding, the entire population of Maiduguri was already facing huge challenges, including one of the worst malnutrition crises recorded in northeast Nigeria. In the past months, hundreds of severely malnourished children have been admitted every week into MSF’s nutritional care hospital.

    “Admissions to the nutritional facilities had just started to reduce when the flooding occurred”, says Dr. Ashok Shrirang Sankpal, deputy medical coordinator MSF Nigeria. “With markets and businesses heavily impacted, the harvest damaged and livestock washed away, there is huge concern that admissions will start to rise again.”

    This is the second time in just a few weeks’ that MSF has had to launch emergency responses linked to flooding in northern Nigeria. In August in Gummi, Zamfara state, homes and farms were destroyed and thousands left newly displaced by severe flooding. Like Maiduguri, people in this area already face significant challenges, including malnutrition, persistent insecurity and lack of access to healthcare. MSF teams have been supporting communities in Gummi over the last few weeks by delivering clean drinking water, repairing boreholes and delivering kits which include plastic sheets for temporary shelter and mosquito nets.

    [1] Nigeria: Floods – Maiduguri (MMC) and Jere Floods Flash Update 3 (18 September 2024) – Nigeria | ReliefWeb

    MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. In 2022, more than 120 project staff from Australia and New Zealand worked with MSF on assignment overseas. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au  

    MIL OSI – Submitted News

  • MIL-OSI Asia-Pac: Dance drama “Awakening Lion” to showcase charm of Lingnan culture in Hong Kong in October (with photos)

    Source: Hong Kong Government special administrative region

      The Leisure and Cultural Services Department (LCSD) has invited the Guangzhou Song and Dance Theatre to perform in October its grand Chinese dance drama “Awakening Lion”, a production that won the Lotus Award, China’s highest award for dance. Set against the backdrop of the Sanyuanli Anti-British Uprising in Guangzhou during the Opium War, the lion dancers of the day look back at their predecessors and retrace the history of a century ago, showcasing the inheritance of national spirit that has been passed down through generations, and allowing the audience to experience the charm of Lingnan culture. The programme is part of the 4th Guangdong-Hong Kong-Macao Greater Bay Area Culture and Arts Festival and the Guangzhou Culture Week.
     
      The “Awakening Lion” is the first dance drama on the Mainland featuring Guangdong lion dancing, a representative item of the national intangible cultural heritage. With “awakening” as its spirit and “lion” as its form, the production reflects the awakening of Chinese national identity. It depicts two teenage lion dancers who achieve self-awakening and growth while making various life decisions involving the emotional dynamics and the righteous cause of the nation. In terms of artistic style, the dance drama shows strong characteristics of South China and indigenous features of old Canton. By integrating innovative elements and multimedia technology, together with music and costumes rich in regional characteristics, the staging exudes both modern appeal and visual impact.
     
      In terms of choreography, “Awakening Lion” is a fusion of Chinese dance and traditional lion dance. It incorporates the stances of Nanquan (southern-style boxing) and the difficult movements of southern lion dance, such as falling forward, tumbling, leaping and “picking the greens”, into its dance vocabulary. It also blends various southern Guangdong intangible cultural heritages elements, such as Nanquan, Choy Li Fut-style martial arts, wooden fish songs, Yingge dance and big head buddha, to fully realise the creative transformation and innovative inheritance of outstanding traditional culture, and to demonstrate the culture of Lingnan and the spirit of the Bay Area. The production has won the 11th China Dance Lotus Award for Dance Drama and the 11th Five One Project Award. Since its premiere in 2018, it has toured the Mainland, giving over 250 performances, and has been well received by audiences. This time, principal dancers of the Theatre, Iliwan Umar, Pang Guanyu, Liang Qiqi, Li Ao and more, will participate in the Hong Kong performances.
     
      The story is about an impoverished boy, Xing, and a wealthy young man, Long, who are preparing for a lion dance competition in the Sanyuanli village of Guangzhou. One day, they have a fight in a teahouse. Xing wins by a narrow margin, and Long is not convinced. Long’s sister, Feng’er, is secretly in love with Xing, while Xing’s mother is against her son’s participation in the lion dance competition. On the day of the competition, the invaders attack the Guangzhou city. Putting aside their grudges, Xing and Long join together with the villagers to fight against the foreign enemies.
     
      The Guangzhou Song and Dance Theatre, formerly known as the Guangzhou Song and Dance Troupe, was founded in 1965. The Theatre upholds the development philosophy of “repertoire as basics, talent as drive, and market as booster”, and has created a number of masterpieces, including the dance drama “Awakening Lion”, “Loong”, “Yingge”, “Xinghai.Yellow River” and dance epic “Guangzhou in the Old Days”, etc. It has won numerous top awards, and has received attention and praise from all walks of life.
     
      Guangzhou Culture Week: Dance Drama “Awakening Lion” by Guangzhou Song and Dance Theatre will be held at 8pm on October 26 (Saturday) and at 3pm on October 27 (Sunday) at the Auditorium of Sha Tin Town Hall. Tickets priced at $200, $260, $340 and $420 are now available at URBTIX (www.urbtix.hk). For telephone bookings, please call 3166 1288. Discount schemes including a Guangzhou Culture Week package discount, group booking discount and concessionary tickets are available for the programmes under the Guangzhou Culture Week (including A New Cantonese Opera “Princess Wencheng” by Guangzhou Cantonese Opera Theatre Company on October 22 and 23). An additional early bird discount is available until September 26 for purchasing the above-mentioned programmes through any of the discount schemes. For programme enquiries and concessionary schemes, please call 2268 7323 or visit www.lcsd.gov.hk/CE/CulturalService/Programme/tc/dance/programs_1768.html.

      The programme will feature a dance workshop (conducted in Putonghua) in which participants will get a taste of the dance and martial arts elements of the performance by learning selected scenes guided by the theatre’s dancers. The workshop will be held at 7.30pm on October 25 (Friday) at the Podium Workshop of the Hong Kong Cultural Centre. Tickets priced at $200 are now available at URBTIX. For details, please refer to the above-mentioned website.
     
      A number of free extension activities will be organised for this programme. A pre-performance talk entitled “From lion dance to ‘Awakening Lion’ – A sharing on innovation and integration of intangible cultural heritage elements in the creation of dance drama” (in Putonghua) will be held at 7.30pm on October 24 (Thursday) at AC1, 4/F, Administration Building, Hong Kong Cultural Centre. The speakers include chief choreographers Qian Xin and Wang Sisi, as well as the main cast. In addition, a backstage tour (in Putonghua) will be held at 4.30pm on October 26 (Saturday) at the Auditorium of Sha Tin Town Hall, with free admission for ticket holders of the performance of “Awakening Lion”. Participants will be able to enjoy an exclusive pre-performance access to the backstage of “Awakening Lion” to take photos and explore the stage with sets and props with Lingnan characteristics. Online registration is required (www.lcsd.gov.hk/CE/CulturalService/Programme/tc/dance/programs_1768.html#tab_7_0) for both the pre-performance talk and backstage tour on a first-come, first-served basis.
     
      The LCSD will hold the “Guangzhou Culture Week” Programme Exhibition from October 8 to 27 at the Foyer of Sha Tin Town Hall. The exhibition will feature the costumes and props of the Cantonese opera “Princess Wencheng” and dance drama “Awakening Lion”. Admission is free. Members of the public are welcome to join on the spot. The Guangzhou Culture Week is jointly presented by the LCSD and the Guangzhou Municipal Culture, Radio, Television and Tourism Bureau.
     
      Hong Kong is the host city of the Guangdong-Hong Kong-Macao Greater Bay Area Culture and Arts Festival for the first time. It organises and co-ordinates over 260 performances and exchange activities to be held across the “9+2” cities of the Greater Bay Area. The festival aims to showcase the vibrant and diverse cultural richness of the region and foster cultural exchanges and co-operation among the cities. For detailed information about the festival, please visit www.gbacxlo.gov.hk.               

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: HKMA commences Phase 2 of e-HKD Pilot Programme and expands Project e-HKD to explore new forms of digital money

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

         The Hong Kong Monetary Authority (HKMA) today (September 23) commenced Phase 2 of the e-HKD Pilot Programme (Phase 2) to delve deeper into innovative use cases for new forms of digital money, including e-HKD and tokenised deposits, that can potentially be used by individuals and corporates. As Project e-HKD expands its coverage from e-HKD only to a more comprehensive exploration of the digital money ecosystem, the project has been renamed as Project e-HKD+, reflecting the evolving fintech landscape and the HKMA’s commitment to unlocking the full potential of digital money.

         The e-HKD Pilot Programme is an integral part of Project e-HKD+. Under Phase 2, 11 groups of firms from various sectors have been selected to explore innovative use cases for e-HKD and tokenised deposits across three main themes, namely settlement of tokenised assets, programmability and offline payments (see Annex). The selected firms will also examine the commercial feasibility, within a real-world setting, of new forms of digital money that may potentially be accessible to individuals and corporates.

         The outcome of Phase 2 will help the HKMA understand the practical issues that may be faced in designing, implementing and operating a digital money ecosystem that comprises both publicly and privately issued digital moneys. Project e-HKD+ will continue to advance the technology and legal groundwork to support the potential issuance of an e-HKD for the use of individuals and corporates in the future.

         The HKMA will also establish the e-HKD Industry Forum to provide a collaborative platform for participating institutions to discuss common issues and further explore the possible implementation and adoption of new forms of digital money in a scalable manner. Under the Forum, industry-led working groups will be established to make recommendations on specific topics, with an initial focus on issues related to programmability.

         Similar to Phase 1, an e-HKD sandbox will be made available to pilot participants to accelerate their prototyping, development and testing of use cases. The HKMA will work closely with the selected firms in the next approximately 12 months in conducting Phase 2, with the aim of sharing the key learnings from Phase 2 with the public by the end of 2025.

         The Chief Executive of the HKMA, Mr Eddie Yue, said, “Project e-HKD+ signifies the HKMA’s commitment to digital money innovation. The e-HKD Pilot Programme has provided a valuable opportunity for the HKMA to explore with the industry how new forms of digital money can add unique value to the general public. The HKMA will continue to adopt a use-case driven approach in its exploration of digital money. We look forward to working closely with industry participants in Phase 2 to co-create various innovative use cases.”

    MIL OSI Asia Pacific News

  • MIL-OSI: Ageas announces its new three-year strategic plan: Elevate27

    Source: GlobeNewswire (MIL-OSI)

    Regulated information • Inside information

    Ageas announces its new three-year strategic plan: Elevate27

    Today, Ageas announces its next 3-year strategic plan, Elevate27, for the period 2025-2027. As the name suggests, it is about taking the Group’s strong performance to the next level, building on Ageas’s unique growth profile and strong long-term track record, and the experience it has garnered over the years. A new chapter in Ageas’s journey, Elevate27 is a plan for sustained profitable growth and accelerated progress in key areas of strength, that respond to the needs of the ageing population and SMEs, with the ambition to extend the Group’s leadership in technical insurance and operational excellence while future-proofing distribution capabilities and enriching the customer experience.

      ”As the world continues to change at speed, we will need to stay agile and alert. This is why our focus is on what comes next. That means always asking ourselves – can we do better? Or can we do more? That’s what excites us about Elevate27. It is about further elevating our performance as a Group, building on our strengths, embracing technological advancements where they add value, to deliver on evolving expectations of our stakeholders and on their hopes and dreams for the future. We’ve successfully delivered and outperformed in the past and we’re ready to do so again.”
      Hans De Cuyper, CEO Ageas
    ELEVATE27 COMMITMENTS  
    AS A BUSINESS AND TO INVESTORS. Target by end 2027
    Average earnings per share growth 6% to 8%
    Holding Free Cash Flow EUR 2.2+ billion
    Shareholder Remuneration EUR 1.9+ billion (Progressive Dividend per Share)
    TO CUSTOMERS  
    Delivering the best customer experience Top quartile NPS scores across all our markets
    TO EMPLOYEES  
    Employee NPS Top quartile
    Women in senior and middle management 40%
    TO SOCIETY  
    Products 35+ % of GWP from products that stimulate the transition to a more sustainable and inclusive world.
    ESG Ratings Top quartile with 3 out of 6 rating agencies we actively engage with

    Over the past three years, we have successfully executed our Impact24 growth strategy, delivering on most targets we have set. This was achieved through strong commercial progress and robust operational performance, enabling us to meet our commitments to investors regarding earnings per share and dividend growth, while meeting Net Operating Result guidance. Besides our operational and financial achievements, we are increasingly recognised for our dedication to non-financial goals, as evidenced by improved scores from ESG rating agencies and various recognitions we received such as TOP Employer and the Platinum ECOVADIS label (AG Insurance). We also advanced well on our commitments to customers and employees, as reflected in our high NPS and eNPS scores. As we near the end of our three-year strategic plan, we are confident that we will successfully deliver on Impact24, providing the Group a solid foundation to start Elevate27.

    Elevate27 is built on three strategic drivers: driving profitable growth, leading in technical insurance and operational excellence to sustain and improve margins, and future-proofing distribution and enriching customer experience.

    By focusing on three strategic drivers, we aim to leverage the Group’s strengths to elevate our performance in the coming years. Elevate27 will follow two dynamics: continuing what we already excel at and accelerating our efforts in areas where we see new potential to generate additional value for our stakeholders. Central to this strategy will be our increased emphasis on our People and Tech, Data & AI capabilities at the level of the Group, which will enable us to deliver on our ambitions.

    Our actions are guided and influenced by a commitment to sustainability, long-term thinking, and our partnership DNA.

    Drive profitable growth

    Leveraging our strong presence in Life and Non-Life throughout Europe and Asia, and the successful launch of a fully-fledged Reinsurance arm that provides a solid cash and diversification engine, we will continue to focus on market segments that align with our core competencies, and that open up new opportunities to create and accelerate profitable growth moving forward. We will further accelerate the development of our offering to SMEs, which is already a significant part of our portfolio and where the market is expected in time to outgrow the retail market. We will also accelerate the provision of our solutions for an ageing population, a market opportunity seen in all markets in which Ageas is active, by capitalising on our strong position in the Life market and experience in the over 50 customer segment.

    Lead in technical insurance and operational excellence

    Ageas has a strong track record in terms of technical insurance and operational excellence and wants to grasp the opportunity to maintain and also elevate its leadership in that respect. Taking a lead in these areas, including making use of the new opportunities offered by Technology, Data and AI, ensures attractive margins for the business and intrinsically offers customers an efficient and seamless service.

    To achieve leadership in technical insurance and operational excellence, we will continue to invest in our systems and processes, supporting at the same time our partners in their own digital (transformation) journeys. We want the operational aspect of delivery to be invisible to the customer, the ultimate beneficiary, and to add value to our employees. We want to maintain our financial discipline and strong risk culture, allowing us to sustain and improve our margins. And we want to step up group empowered synergies by leveraging assets and expertise across the entities, demonstrating the power of the Group in this specific area.

    And finally, we have a strong expertise in Data & AI. We want to put these technologies to work for us – adding value but in a disciplined and controlled way, allowing us to better serve our customers, and making insurance more accessible and inclusive.

    Future-proof distribution and enrich customer experience

    In a distribution landscape that is continuously changing, we remain committed to working through all distribution channels that allow us to best reach our customers and gain access to new types of customers.

    By leveraging on our strong partnership model and new possibilities offered by AI, we want to develop innovative propositions and services for customers by combining the data insights and expertise of Ageas and our partners. With full confidence in our traditional distribution partners – Banks, Agents and Brokers – we will pay special attention to jointly enhancing our digital capabilities. At the same time, and in the context of continued diversification, we will further accelerate our engagement with digital B2B2C sales platforms.

    In Impact24 we have successfully implemented solutions designed to provide the best experience for customers focusing on CX Culture, Customer Journey Management and Tech & Data, giving the Group the capabilities to develop a leading on- and offline customer experience, while promoting greater efficiency. This will continue to be our primary focus. We aim to advance even further by reinventing the way we interact with customers across different channels and platforms by innovating our client-interaction model, prioritising self-service solutions and automated customer assistance, and investing in hyper-personalised services.

    Leveraging on two critical assets to deliver on our plan: ‘People’ and ‘Tech, Data & AI’

    Through Elevate27 we will reconfirm the commitment we made to our people to deliver a Great place to Grow, both today and for future, and we will take optimal advantage of the opportunities offered by Tech, Data & AI to meet our ambitions. We have put in place high-quality data management and established a pipeline of over 300 AI initiatives group-wide that under Elevate27 will be fully deployed.

    The rapid evolutions in these areas require us to act fast as a Group to maintain a leading position. By harnessing the collective strength of the Group, we can offer our entities and partnerships access to essential resources and skills, generate economies of scale, increase our speed-to-market and adopt the most effective approaches and methodologies, that benefit all.

    As a prerequisite to delivering on the drivers of Elevate27, we will continue to invest in our technological capabilities, such as ensuring our IT architecture is open and composable to easily integrate with partners and increase our speed to market. Furthermore, we will accelerate the adoption of new Data and (Gen)AI solutions where they add value, as their integration in areas such as Pricing, Underwriting and Product Development, Claims Processes, Fraud Management & Customer Journeys will become even more prominent moving forward.

    Sustainability and Long-term thinking as guiding principles

    As a true supporter of the lives of all our stakeholders, our dedication to sustainability and adopting a long-term perspective will continue to underpin our actions. Leveraging 200 years of solid business experience along with recent successes and learnings from Impact24, we will further strengthen our group-wide efforts in sustainability and long-term thinking.

    A targeted performance

    As a true stakeholder driven company, we hold ourselves accountable for delivering on our promises by 2027. This translates to setting clear financial and non-financial targets that allow us to measure our progress over time.

    For investors and our business in general, we have set out a range of targets that demonstrate the strength of our balance sheet, our financial performance, and our ability to drive profitable growth and attractive returns, providing confidence in the sustainability of our investment case in the long term. Our commitment to create value is reflected in 3 financial targets:

    • Average earnings per share growth: 6% to 8%
    • Holding Free Cash Flow: EUR 2.2+ billion
    • Shareholder Remuneration: EUR 1.9+ billion (Progressive Dividend per Share)

    For customers, we aim to be recognised for excellence at every interaction. To underscore our commitment to delivering the best customer experience, we will strive to reach top quartile NPS scores across all our markets.

    For our partners, we want to be the partner of choice both for our traditional partners and new types of partnerships and will closely monitor and actively address partnership feedback at local level.

    For our employees we want to be recognised as a Great place to Grow. This commitment is demonstrated through two specific targets:

    • Employee NPS: top quartile
    • 40% women in senior and middle management

    For society we continue to place sustainability at the heart of our business, influencing decisions about products, investments, and emissions, with external acknowledgment of our ESG initiatives.

    • Products: 35+ % of GWP from products that stimulate the transition to a more sustainable and inclusive world.
    • ESG ratings: top quartile with 3 out of 6 rating agencies we actively engage with.

    INVESTOR DAY WEBCAST

    23 September 2024 – 17:00 CET (16:00 UK Time)
    Audio webcast via https://ageaspresents.com/aid2024/live

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    The MIL Network

  • MIL-OSI Australia: 209-2024: Scheduled Service Disruption: Friday 27 September to Sunday 29 September 2024 – BICON, DAFF messaging, SeaPest

    Source: Australia Government Statements – Agriculture

    23 September 2024

    Who does this notice affect?

    All clients required to use the department’s Biosecurity Import Conditions System (BICON) during this planned maintenance period.

    All clients submitting the below declarations:

    • Full Import Declaration (FID)
    • Long Form Self Assessed Clearance (LFSAC)
    • Short Form Self Assessed Clearance (SFSAC)
    • Cargo Report Self Assessed Clearance (CRSAC)
    • Cargo Report Personal Effects (PE)

    MIL OSI News

  • MIL-OSI: Bitget and Foresight Ventures Invest $30 Million in TON Blockchain to Accelerate Growing Telegram-based Projects

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Sept. 23, 2024 (GLOBE NEWSWIRE) — Bitget, the world’s leading cryptocurrency exchange and Web3 company, and Foresight Ventures, a leading Web3 investment firm, have announced a strategic investment of $30 million into TON (The Open Network) Blockchain. This investment will be allocated through the acquisition of TON tokens and aims to accelerate further the adoption of Tap-to-Earn, GameFi, and new emerging trends within the TON ecosystem.

    The TON-based projects present a strong use case for mass adoption through the Telegram ecosystem, which has seen substantial growth in recent years as it expands its offerings for Web3 startups. According to a recent TON report from Bitget Research, TON Blockchain, which benefits from Telegram’s 950 million users, has rapidly become one of 2024’s fastest-growing blockchains. It has experienced over tenfold growth in on-chain transactions, ecosystem TVL, and DEX trading volume, with viral dApps like Catizen, DOGS, and Tomarket amassing millions of users.

    The commitment to TON Blockchain comes at a time when Bitget has witnessed remarkable growth in its user base. By focusing on ecosystem development and expanding its services, Bitget has grown its global user count to 45 million in Q3 2024, almost doubling in the past 12 months. This surge is partly attributed to the increasing demand for innovative projects, particularly those driven by platforms like TON.

    In 2024, Bitget Wallet contributed to the TON ecosystem with TONNECT 2024, a major online event aimed at accelerating the growth of emerging dApps in the TON ecosystem. Thanks to TON’s growing user interest in Bitget’s decentralized wallet, Bitget Wallet continuously topped the charts amongst all apps in Nigeria taking over world-famous apps such as TikTok and WhatsApp on Apple’s App Store.

    “As Bitget continues to BUIDL around The Open Network, our investment in the TON ecosystem provides a solid foundation for driving initiatives that align with our vision. By integrating our expertise in crypto infrastructure with TON’s decentralized architecture, we are well-positioned to strengthen the development of innovative products and solutions. Together, we are bringing the crypto industry closer to mass adoption than ever before.” commented Gracy Chen, CEO at Bitget.

    “The surge of the TON ecosystem represents the biggest growth opportunity in the cryptocurrency market this year, and in the next 3 to 5 years. Over the past six months, TON’s TVL has increased 18-fold, reaching $350 million.” Forest Bai, Co-Founder and CEO of Foresight Ventures, stated: “The ecosystem currently boasts over 1,000 dApps, with many applications having millions of users. We hope to continue supporting developers within the TON ecosystem by providing investment, incubation, and marketing support.”

    With the $30 million investment, Bitget and Foresight Ventures will engage more deeply in the future development plans of TON Blockchain, supporting the emergence and go-to-market of more blockbuster dApps on TON.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    About Foresight Ventures
    Foresight Ventures is the first and only crypto VC bridging East and West. With a research-driven approach and offices in the US and Singapore, we are a powerhouse in crypto investment and incubation. Our premier media network includes The Block, Foresight News, BlockTempo, and Coinness. We aggressively invest in the most daring innovations and are dedicated to partnering with visionary projects and top teams to help them succeed, reshaping the future of digital finance and beyond.

    Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice. For more information, see our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d47bf052-c6ad-4223-b4cf-bf2554a6fafc

    The MIL Network

  • MIL-OSI: Organizations are ramping up efforts to meet sustainability targets, despite geopolitical challenges

    Source: GlobeNewswire (MIL-OSI)

    Press contact:
    Victoire Grux 
    Tel.: +33 6 04 52 16 55 
    Email: victoire.grux@capgemini.com 

    Organizations are ramping up efforts to meet sustainability targets, despite geopolitical challenges

    • 69% of executives say that anticipating stricter future regulations is a key driver of sustainability initiatives, up from 57% last year
    • Nearly two thirds say geopolitics is driving a slowdown in their sustainability investments
    • Six out of ten are concerned that their organization’s sustainability efforts might appear insincere to the public, up from only 11% in 2023.

    Paris, September 23, 2024 – Organizations continue to make progress in their sustainability initiatives, despite facing geopolitical challenges. Regulation and technology are proving to be a vital part of this progress, with two thirds of executives agreeing that their organization will never be able to achieve its sustainability goals without climate tech. This is according to the Capgemini Research Institute’s latest report, ‘A world in balance 2024: Accelerating sustainability amidst geopolitical challenges’, which tracks advancements in organizations’ environmental and social sustainability over the last three years. The third edition of the report highlights marked improvements in circularity, sustainable design, measurement, water stewardship, biodiversity, and sustainability skilling, despite shortfalls in tackling Scope 3 emissions and consumer skepticism.

    Collectively, organizations are ramping up their efforts to meet their sustainability targets, and their maturity in adopting sustainable practices has increased steadily since 2022. 84% of executives this year say their organization is on target to meet its carbon emissions goals; less than a tenth say they are behind. As organizations look to minimize their impact on the environment, progress is particularly visible in terms of circularity, sustainable product design, measurement, and water management. For instance, nearly three quarters of executives say that recycling products is a core aspect of their manufacturing strategy, up from 53% in 2022, while over two thirds said they were redesigning products to remove fossil fuel feedstock sources, up from less than half in 2022. In addition, three-quarters of executives have implemented a water-stewardship program, up from 55% in 2022.

    In late 2023, executives were planning to increase investments in sustainability this year. However, companies have not followed through: average annual investment in sustainability initiatives and practices now stands at 0.82% of total revenue, down from 0.92% in 2023.

    “This year’s report shows sustainability projects continuing to build momentum in 2024 despite current headwinds,” said Cyril Garcia, Capgemini’s Head of Global Sustainability Services and Corporate Responsibility and Group Executive Board Member. “Business leaders have the power and the responsibility to steer us towards a more sustainable economy. Water stewardship, biodiversity preservation, and circular practices are now established as key business imperatives. Executives are being very pragmatic, and CO2reduction must now be translated into cost savings. We continue to see sustainability efforts bolstered by new climate tech innovations and regulations. The best way to build trust and credibility with consumers is by demonstrating tangible outcomes and planning for a future with sustainability at its heart.”

    Consumers unconvinced about progress
    Consumers want to see corporations going even further and demand transparency. The report finds three-quarters of consumers expecting corporations to play a larger role in reducing GHG emissions in 2024. Furthermore, even as organizations ramp up sustainability initiatives, consumers are more skeptical than ever about corporate sustainability, as more than half believe that organizations are greenwashing their sustainability initiatives, up from 33% in 2023.

    Geopolitics and regulations impacting corporate sustainability initiatives
    Executives pointed to climate-related regulations as a key driver of sustainability projects. A full three-quarters of executives believe that sustainability regulation is necessary to achieve global climate goals, and nearly two thirds even agree that without regulation, their organization would not have launched many environmental sustainability initiatives.

    Globally, 73% of executives agree that the EU’s Corporate Sustainability Reporting Directive (CSRD) is honing sustainability measurement and tracking capabilities. However, organizations continue to fall short in terms of reporting on sustainability initiatives, especially on Scope 3 emissions. Among organizations required to report for CSRD in 2025, just over a third say that they are prepared to report Scope 3 downstream emissions next year, while 86% are prepared for Scope 1.

    Meanwhile, tensions such as US-China relations, the wars in Ukraine and the Middle East, and the European energy crisis, are leading to disruption to supply chains and business operations, and uncertainty around government funding. This year, nearly two thirds of executives pointed to geopolitics as an increasing consideration in sustainability investments, and 69% are concerned about the impact of the uncertain US political scene. This is felt across countries, but Swedish executives are most concerned (75%), compared with 71% of US executives and 59% of executives in India.

    To access the full report: https://www.capgemini.com/insights/research-library/sustainability-trends-2024

    Methodology
    The Capgemini Research Institute surveyed 2,152 executives employed at 727 organizations, each with more than $1 billion in annual revenue, across 13 countries in North America, Europe, and Asia-Pacific and in 12 industries and sectors, in June and July 2024. Executives surveyed were director level and above and 50% were from corporate functions, such as strategy, sustainability, sales, and marketing; 50% were from value chain functions, such as product design, R&D, procurement, and logistics. The Institute also surveyed 6,500 consumers over the age of 18 across the 13 countries and conducted interviews with 12 senior sustainability executives at leading organizations globally.

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fuelled by its market leading capabilities in AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2023 global revenues of €22.5 billion.

    Get the Future You Want | www.capgemini.com

    About the Capgemini Research Institute
    The Capgemini Research Institute is Capgemini’s in-house think-tank on all things digital. The Institute publishes research on the impact of digital technologies on large traditional businesses. The team draws on the worldwide network of Capgemini experts and works closely with academic and technology partners. The Institute has dedicated research centers in India, Singapore, the United Kingdom and the United States. It was recently ranked #1 in the world for the quality of its research by independent analysts. 

    Visit us at https://www.capgemini.com/researchinstitute/ 

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    The MIL Network

  • MIL-OSI: Nokia wins 5G deal with Viettel Group in Vietnam

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia wins 5G deal with Viettel Group in Vietnam

    • Nokia to introduce 5G network to Vietnam for first time; including modernizing 4G infrastructure.
    • Nokia to deploy first Vietnamese-made 5G solutions in country.
    • Supports Viettel Group strategy of advancing 5G infrastructure and digital transformation in Vietnam.

    23 September 2024
    Espoo, Finland – Nokia today announced that it has signed a major new deal with Viettel Group (Viettel) to deploy 5G equipment for the first time nationwide in Vietnam. The ambitious project will cover 22 provinces across the country and support Viettel’s strategy of advancing 5G infrastructure and digital transformation. The project will also see Nokia modernize Viettel’s 4G infrastructure. Deployment will begin this year.

    Under the deal, Nokia will supply equipment from its industry-leading 5G AirScale portfolio for the first time in Vietnam covering 2,500 sites. This includes Nokia’s next-generation AirScale baseband solutions, Massive MIMO radios, and Remote Radio Head products. These are all powered by its energy-efficient ReefShark System-on-Chip technology and combine to provide superior coverage and capacity. It marks the first 5G network in Vietnam where the deployed products have also been locally manufactured, highlighting Nokia’s commitment to the region.

    Vietnam’s Ministry of Information and Communications has placed great importance on 5G as a critical national infrastructure that will enable sustained socioeconomic development through science, technology, and innovation. Vietnam’s digital economy is expected to contribute between 20% and 30% of GDP by 2030.

    Mr. Tao Duc Thang, President & CEO at Viettel Group, said: “This important project with our long-term partner Nokia, will play a critical role in advancing Viettel Group’s strategy of deploying 5G infrastructure and driving digital transformation in Vietnam. 5G technology supports the development of national digital infrastructure and a digital service ecosystem, creating opportunities for economic growth and increased productivity.”

    Tommi Uitto, President of Mobile Networks at Nokia, said: “Nokia is proud to be Viettel Group’s principal partner in this critical digital transformation project that will lay the foundations for Vietnam’s future competitiveness. Nokia has been a part of Vietnam’s growth over the past three decades, and this initiative of enhancing local technology production continues to strengthen our bond with the country. Our AirScale portfolio offers premium connectivity, low latency, and reduced power consumption supporting Vietnam’s digital future.”

    Resources and additional information:
    Webpage: Nokia 5G
    Webpage: AirScale Radio Access
    Webpage: MantaRay Network Management

    About Nokia
    At Nokia, we create technology that helps the world act together.

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    The MIL Network

  • MIL-OSI Asia-Pac: Registration and nomination invited for Labour Advisory Board Election of Employee Representatives

    Source: Hong Kong Government special administrative region

         The Labour Department (LD) is inviting employee unions registered under the Trade Unions Ordinance (TUO) to register as electors, appoint authorised representatives to vote and nominate candidates for the 2025-2026 Labour Advisory Board (LAB) Election of Employee Representatives.

         “Registration as electors, appointment of authorised representatives and nomination of candidates start today (September 23) and will close on October 15, 2024 (Tuesday),” a spokesman for the LD said.

         The LAB is a tripartite consultative body comprising representatives of employees and employers to advise the Commissioner for Labour on labour matters. The current term of the LAB will end on December 31 this year. An election of five employee representatives to the LAB for its next two-year tenure, ending December 31, 2026, will be held at Mei Foo Community Hall, 1/F, Mei Foo Government Complex, on November 16 (Saturday) this year. Authorised representatives may cast their votes at the above polling station between 9am and 5pm.

         Employee unions registered as electors in the LAB elections held in 2006 or thereafter are only required to submit forms to appoint authorised representatives in order to vote in the election.

         “We have sent out today related forms and copies of the rules and procedures for the election to all employee unions registered under the TUO,” the spokesman said.

         Meanwhile, the LD has invited five employer associations to each nominate one representative to sit for the next tenure of the LAB as employer representatives. These associations are the Chinese General Chamber of Commerce, the Chinese Manufacturers’ Association of Hong Kong, the Employers’ Federation of Hong Kong, the Federation of Hong Kong Industries and the Hong Kong General Chamber of Commerce.

         Enquiries on matters relating to the above election can be made at 2852 4024.

    MIL OSI Asia Pacific News

  • MIL-OSI Economics: 350 Students of Samsung Innovation Campus certified in Future-Tech Skills at Deen Dayal Upadhyaya Gorakhpur University in Presence of Shri Yogi Adityanath, Honourable Chief Minister, Uttar Pradesh

    Source: Samsung

     
    Samsung India’s flagship CSR initiative, the ‘Samsung Innovation Campus,’ (SIC) has concluded its Coding & Programming, Artificial Intelligence (AI), Big Data and Internet of Things (IoT) courses for 350 students in Gorakhpur at Deen Dayal Upadhyaya Gorakhpur University. The students were handed over certificates of completion by the Honourable Chief Minister of Uttar Pradesh, Shri Yogi Adityanath at a ceremony held at the University premises. This initiative reiterates the brand’s commitment to being a strong partner of the country and working alongside the government in its mission to skill India and power #DigitalIndia.
     
    Senior Samsung executives and representatives from the Electronics Sector Skills Council of India (ESSCI), which collaborated in training and mentoring the students were also present during the occasion. A total of 350 students were awarded certificates across various future-tech domains, including 150 in Coding & Programming, 100 in Artificial Intelligence, 50 in Big Data, and 50 in Internet of Things (IoT).
     
    Samsung will train 3500 students across India as part of this programme in 2024. At the conclusion of the 2024 programme top performers of Samsung Innovation Campus will be awarded a cash prize of INR 1 lakh and will have the chance to visit Samsung’s facilities in Delhi/NCR. During these visits, they will have the opportunity to engage with and receive mentorship from Samsung’s leadership team. Not just that, the national course toppers will also receive exciting Samsung products, including Samsung Galaxy Buds and Samsung Galaxy Smartwatches.
     
    “Samsung has been in India for around 29 years now and Uttar Pradesh has been a hub for manufacturing and research-led initiatives for Samsung during this time. We are a committed partner to the growth story of both India and Uttar Pradesh. Through Samsung Innovation Campus, our flagship CSR programme, we are committed to the mission of educating the youth of the nation in future-tech skills, which will strengthen our vision of powering Digital India,” said Mr. JB Park, President and CEO, Samsung Southwest Asia.
     
     “Skill development of the youth is a key priority of the Government of Uttar Pradesh. We welcome this initiative by Samsung that will impart employment-oriented future-tech skills to our students. Samsung has been a strong partner of Uttar Pradesh for many years, and this programme will further strengthen our bond,” said Shri Yogi Adityanath, Honourable Chief Minister of Uttar Pradesh.
     
     “This collaboration reinforces the shared vision of equipping India’s youth with the skills needed for the jobs of tomorrow. It is heartening to see the programme expand and reach a vast pool of young talent across the country, including those in remote areas. Through this initiative we want to empower the youth and create opportunities for them in domains like Coding & Programming, Artificial Intelligence, Big Data, and Internet of Things,” said Dr. Abhilasha Gaur, CEO, Electronics Sector Skills Council of India.
     
    Samsung Innovation Campus offers in-depth training across four key technology areas — AI, IoT, Big Data, and Coding & Programming. Students gain hands-on experience through capstone projects and soft skills training aimed at boosting their employability. The AI course participants undergo 270 hours of theory training followed by 80 hours of project work, while those enrolled in IoT and Big Data courses receive 160 hours of theory training and complete 80 hours of project work. Participants in the Coding & Programming course complete 80 hours of training and take part in a hackathon.
     
    The programme covers eight educational institutions across four states. In the northern region, training centres are established in Lucknow and Gorakhpur, besides two in Delhi NCR. In the southern region, which includes Tamil Nadu and Karnataka, training centres are located in Chennai and Sriperumbudur, in addition to two in Bengaluru.
     
    During the programme, participants will continue to receive instructor-led blended classroom and online training. Youth enrolled for the programme will undergo classroom and online training and complete their hands-on capstone project work in their selected technology areas in AI, IoT, Big Data and Coding & Programming.
     
    They will also be imparted soft skills training to enhance their employability. The participants are being mobilized through ESSCI’s training and education partners across India. The approach includes a combination of offline and online learning, immersive hackathons and capstone projects, as well as expert mentorship provided by Samsung employees.
     
    During 2023, Samsung Innovation Campus successfully trained 3000 students in future-tech courses. Samsung’s involvement in this initiative underscores its commitment to nation building through Corporate Social Responsibility (CSR) activities in India. It complements Samsung’s other CSR endeavours, including Samsung Solve for Tomorrow. Through these initiatives, Samsung aims to empower future leaders of India by providing them with the necessary education and skills to drive meaningful change.
     
    With the global CSR vision of ‘Together for Tomorrow! Enabling People’, Samsung Electronics is committed to provide education to young people around the world to empower the leaders of tomorrow. Read more stories on Samsung Electronics’ CSR efforts on our CSR webpage http://csr.samsung.com

    MIL OSI Economics

  • MIL-OSI New Zealand: Three charged following two year investigation into New Zealand’s largest cocaine shipment

    Source: New Zealand Police (National News)

    Three people have been arrested and charged following an investigation into the largest cocaine shipment to ever reach New Zealand shores.

    It has been two years since the drugs were identified and seized at Tauranga port, and thanks to a joint investigation involving Police and Customs three people, all from Tamaki Makaurau were arrested last week. 

    Two men, aged 27 and 35, and a woman aged 41 are due to reappear in the Tauranga District Court Thursday 3 October on charges including importing cocaine, possessing cocaine for supply and participating in an organised crime group.

    These arrests are the result of a joint operation between New Zealand Customs and Police, dubbed Operation Bask.

    Op Bask was launched following the discovery of 725 kilograms of cocaine imported by boat into the Port of Tauranga on Friday 25 February 2022.

    Detective Inspector Tom Gollan of the National Organised Crime Group (NOCG) says: “The vessel had travelled from Ecuador, via Panama, with a container of produce loaded with cocaine, in a method known as ‘piggybacking’.”

    “Piggybacking involves controlled drugs being loaded into a container of legitimate product in an effort to avoid law enforcement,” Detective Inspector Gollan says.

    However, in this case the cocaine was very quickly detected and seized by Customs, and an investigation was launched by Customs investigators and detectives from the National Organised Crime Group.

    Today, the cocaine has an estimated street value of $253.75 million.

    More than two years later it remains the largest cocaine shipment to ever arrive on New Zealand shores, and if not detected, would have caused a huge amount of harm to the community.

    A breakthrough in the investigation was made recently, resulting in the three arrests.

    They have also been charged with a further importation of 30kgs of cocaine that arrived into the Port of Tauranga on 31 December 2021, again from Balboa in Panama.

    Customs’ Acting Investigations Manager, Nigel Barnes, says global intelligence networks and well-developed targeting methods are key to identifying and stopping this type of smuggling attempt.

    “We Identified the South American shipment as a potential risk before it arrived in Tauranga and that turned out to be the case resulting in the record cocaine seizure that we made,” Mr Barnes says. 

    “This joint operation has also provided both Police and Customs with further intelligence and insights which are clearly still producing results.

    “These arrests demonstrate the persistence and determination of NOCG detectives and Customs staff in disrupting the drug supply line.”

    Detective Inspector Gollan say Police are committed to seeing less drugs on our streets and ultimately less money going to those who intimidate and cause violence within our communities.

    “Police will continue to target those who supply drugs into our vulnerable communities, however we cannot do it alone.

    “If you see any unlawful or suspicious activity, please update us online now or call 105.”

    For assistance with drug and alcohol addiction there are several organisations available to assist, one of which is the Alcohol Drug Helpline: 0800 787 797 or online at: Alcohol Drug Helpline

    Facts
    •            725kg of cocaine imported into the Port of Tauranga via Panama on 25 February 2022
    •            Is the single largest cocaine shipment to New Zealand
    •            Street value of $253,750,000
    •            Total drug harm prevented $270,845,500
    •            Equivalent to 7,250,000 individual doses
    •            30kgs of cocaine imported into New Zealand into the Port of Tauranga on 31 December 2021, again via Panama.
    •            Street value of $10,500,000
    •            Total drug harm prevented $11,207,400
    •            Equivalent to 300,000 individual doses

    ENDS 

    Issued by Police Media Centre 

    MIL OSI New Zealand News

  • MIL-OSI China: Announcement on Central Bank Bill Issuance No.6 [2024]

    Source: Peoples Bank of China

    Announcement on Central Bank Bill Issuance No.6 [2024]

    (Open Market Operations Office, September 19, 2024)

    In order to enrich the spectrum of RMB-denominated financial products with high credit ratings and improve the yield curve of RMB bonds in Hong Kong, the People’s Bank of China (PBOC) is scheduled to issue the ninth batch of central bank bills in 2024 through the Central Moneymarkets Unit (CMU) bond tendering platform of the Hong Kong Monetary Authority (HKMA) on September 25, 2024 (Wednesday), in accordance with the Memorandum of Cooperation on Using CMU for Issuance of PBOC Bills, jointly signed by the PBOC and the HKMA.

    The ninth batch of bills are 6-month (182-day) fixed-rate coupon bonds with a total issuance of RMB25 billion. The principal and interest will be paid at maturity. The bills will begin to accrue interest on September 27, 2024 and will mature on March 28, 2025, unless postponed in the event of public holidays.

    The face value of each bill is RMB100. The issue will be placed by invitation for interest rate-bidding through Dutch auction.

    Date of last update Nov. 29 2018

    2024年09月19日

    MIL OSI China News

  • MIL-Evening Report: More Australians are using their superannuation for medical procedures. But that might put their financial health at risk

    Source: The Conversation (Au and NZ) – By Neera Bhatia, Associate Professor in Law, Deakin University

    fizkes/Shutterstock

    A record number of Australians are accessing their superannuation early on compassionate grounds, mainly to fund their own medical procedures – or those of a family member.

    Some 150,000 Australians have used the scheme in the last five years. Nearly 40,000 people had applications approved in 2022-23, compared to just under 30,000 in 2018-19 – an increase of 47%.

    Some people think this flexible use of funds is a good way to ensure people can fund their own medical needs. But more transparency and better oversight is needed.

    What are compassionate grounds?

    Since July 2018, the Australian Tax Office has administered the early release of superannuation – meaning before retirement – under certain circumstances, including compassionate grounds.

    Compassionate grounds for you or your dependant (such as child or spouse) are:

    • medical treatment or transport
    • modifying your home or vehicle to accommodate special needs for a severe disability
    • palliative care for a terminal illness
    • death, funeral or burial expenses
    • preventing foreclosure or forced sale of your home.

    The medical treatment must be for a life-threatening illness or injury, or to alleviate acute or chronic pain, or acute or chronic mental illness.

    The treatment cannot be “readily available” through the public system. Cosmetic procedures are excluded.

    You also have to prove you cannot afford to pay part or all of the expenses without accessing your super, for example, by spending your savings, selling assets or getting a loan.

    People who can access other funding for the expense, such as via the National Disability Insurance Scheme, are ineligible.

    Why are people using this scheme more?

    The ATO has not explained what is driving the surge. General cost-of-living pressures may play a role. People may have fewer savings to draw on for medical procedures.

    But the treatments most commonly being accessed using superannuation – fertility treatments, weight loss surgeries and dental care – point to other systemic issues.

    There have long been issues with IVF and dental care not being readily available or funded in the public health system.

    Weight loss surgeries (including bariatric surgery) can help combat potentially life-threatening conditions such as heart disease. Recent research suggests there has been an overall drop in the number of Australians having bariatric surgeries since 2016. But of those, 95% are performed through the private system.

    Australians are increasingly turning to their super to fund dental care, which is not covered by Medicare.
    Pixabay/Pexels

    While early access to super can provide individuals access to critical treatment, there are issues with how compassionate grounds are defined and regulated.

    Lack of clarity

    As my co-author and I have shown, the vague wording of the Superannuation Industry regulations leaves them worryingly open to interpretation.

    For example, the meaning of “mental disturbance” is not defined.

    You may not meet the criteria of having an acute or life-threatening illness, or acute or chronic pain. But if you can show a certain condition causes you acute mental disturbance, you may qualify to release your superannuation early.

    People accessing their superannuation for IVF use this criterion, for example, by arguing they need to access funds to continue treatment and alleviate the acute mental distress caused by ongoing infertility issues.

    Two registered medical practitioners are each required to submit a report demonstrating the treatment is needed, and one must be a specialist in the field in which the treatment is required. However, the regulations do not specify clearly that the specialist should have relevant qualifications.

    In the IVF example, this means the specialist opinion can be provided by a fertility doctor rather than a mental health expert – and that person may stand to profit if they later also provide treatment.

    A closed-loop system

    Conflict of interest is another major issue.

    There is nothing in the regulations to stop a medical practitioner – such as a dentist – being involved in all steps and then financially benefiting. They could encourage a patient to access superannuation for a treatment, write the specialist report and then also receive payment for the treatment.

    Some clinics promote accessing superannuation as an option to pay for expensive treatments.

    This raises important questions about the independence of the process, as well as professional ethics.

    Medical practitioners making recommendations for early release of superannuation should be doing so on genuinely compassionate grounds. But the potential for exploitation remains an ethical concern, when a practitioner can financially benefit from recommending early access to nest egg funds.

    Transparency around potential conflicts of interest are impossible to ensure without proper oversight.

    What is needed?

    1. Mandatory financial counselling

    The ATO has warned accessing super early is not “free money”, with a spokesperson urging people to get financial advice. But the law should go a step further and make this compulsory. That way people making decisions during an emotionally charged moment can understand any future implications.

    2. Tightening of the criteria

    Greater clarity in the legislation – such as defining “mental disturbance” – would help prevent loopholes being exploited.

    3. Better oversight

    Less health-care industry involvement would promote greater transparency and independence. An independent body of medical practitioners could assess applications rather than practitioners who could financially benefit if applications are approved. This would help alleviate perceived and actual conflicts of interest.

    Accessing superannuation early may be the only option for some people to start a family or access other life-changing medical care. But they should be able to make this decision in a fully informed way, safeguarded from exploitation and aware of the implications for their future.

    Neera Bhatia receives funding from The UK Arts and Humanities Research Council for an unrelated project.

    ref. More Australians are using their superannuation for medical procedures. But that might put their financial health at risk – https://theconversation.com/more-australians-are-using-their-superannuation-for-medical-procedures-but-that-might-put-their-financial-health-at-risk-239588

    MIL OSI AnalysisEveningReport.nz