The Reserve Bank of India (RBI) has, by an order dated May 30, 2025, imposed a monetary penalty of ₹6.00 lakh (Rupees Six Lakh only) on The Citizen Co-operative Bank Ltd., Noida (the bank) for contravention of the provisions of Section 12B read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of BR Act.
The statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of contravention of statutory provisions/non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said provisions and directions. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:
The bank had:
failed to ensure that prior permission of RBI was obtained by a person before issuing/allotting shares to him along with his relatives, beyond permissible limit; and
failed to put in use a robust software, throwing alerts for identifying suspicious transactions.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.
The Reserve Bank of India (RBI) has, by an order dated May 30, 2025, imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on The Jammu and Kashmir State Co-operative Bank Ltd., Srinagar (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949 (BR Act).
The statutory inspection of the bank was conducted by the National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2023 and March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charge against the bank was sustained, warranting imposition of monetary penalty:
The bank had failed to obtain Officially Valid Documents (OVD) of its customers while establishing the account-based relationship.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.
The Hong Kong Special Administrative Region Government today hosted the Forging a National High-calibre Talent Hub Symposium, gathering about 150 representatives from the Mainland, Macau and Hong Kong.
At the symposium themed “Regional Collaboration, Empowerment through Science & Education, Global Talent Attraction”, participants exchanged views on promoting regional collaborative ties on talent work and the strategic development of a national high-calibre talent hub.
The participants were from Beijing, Shanghai, Guangdong Province, the nine Mainland cities and four major co-operation platforms of the Guangdong-Hong Kong-Macao Greater Bay Area, the Macao Special Administrative Region, as well as 23 renowned universities on the Mainland and five of the world’s top 100 universities in Hong Kong.
In his welcome remarks, Chief Secretary Chan Kwok-ki said education, technology and talent form the critical foundation for developing new quality productive forces and enhancing high-quality development.
He added that the Hong Kong SAR Government’s Committee on Education, Technology & Talents is targeting the manpower demand of Hong Kong’s strategic positioning of the “eight centres” and co-ordinating the promotion of integrated development of education, technology and talent to build Hong Kong as an international hub for high-calibre talent.
The symposium featured keynote speeches and two thematic panel discussions.
Secretary for Labour & Welfare Chris Sun, together with government officials from Beijing, Shanghai and Guangdong Province joined the first discussion to explore ways to synergise regional strengths in building the talent hub.
Mr Sun also witnessed Hong Kong Talent Engage Director Anthony Lau sign a Memorandum of Understanding with representatives from the Shenzhen Qianhai Cooperation Zone and Guangzhou Nansha District respectively, deepening collaboration in talent recruitment, services, employment and development between Hong Kong and the two regions.
In his closing remarks, the labour chief highlighted Hong Kong’s various advantages in attracting global talent and the need to collaborate with different regions across the country through interdependence and mutual reinforcement, thereby accelerating the development of the national high-calibre talent hub.
He expects the symposium, together with the second Global Talent Summit · Hong Kong scheduled for early next year, would bring together valuable experiences from various regions in talent attraction, retention, nurturing and recruitment, to inject new impetus into high-quality development and achieve the vision of developing a national quality workforce.
The number of people who have fled Sudan since the beginning of its civil war in 2023 has surpassed four million, U.N. refugee agency officials said on Tuesday, adding that many survivors faced inadequate shelter due to funding shortages.
“Now in its third year, the 4 million people is a devastating milestone in what is the world’s most damaging displacement crisis at the moment,” U.N. refugee agency spokesperson Eujin Byun told a Geneva press briefing.
“If the conflict continues in Sudan, thousands more people, we expect thousands more people will continue to flee, putting regional and global stability at stake,” she said.
Sudan, which erupted in violence in April 2023, shares borders with seven countries: Chad, South Sudan, Egypt, Eritrea, Ethiopia, Central African Republic and Libya.
More than 800,000 of the refugees have arrived in Chad, where their shelter conditions are dire due to funding shortages, with only 14% of funding appeals met, UNHCR’s Dossou Patrice Ahouansou told the same briefing.
“This is an unprecedented crisis that we are facing. This is a crisis of humanity. This is a crisis of … protection based on the violence that refugees are reporting,” he said.
Many of those fleeing reported surviving terror and violence, he added, describing meeting a seven-year-old girl in Chad who was hurt in an attack on her home in Sudan’s Zamzam displacement camp that killed her father and two brothers and had to have her leg amputated during her escape. Her mother had been killed in an earlier attack, he said.
Other refugees told stories of armed groups taking their horses and donkeys and forcing adults to draw their own family members by cart as they fled, he said.
Over the past eleven years, the Government of India has embarked on a wide-ranging cultural renaissance, blending tradition with progress and positioning India’s heritage at the heart of its national identity. From restoring ancient temples to honouring forgotten heroes, the country’s cultural revival is now seen as a pillar of both pride and progress.
Under the leadership of Prime Minister Narendra Modi, the government has prioritised the preservation, redevelopment and celebration of India’s civilisational legacy. Key religious and cultural landmarks across the country have witnessed transformative redevelopment, with improved infrastructure and public facilities designed to enhance the experience of pilgrims and tourists alike.
Transforming Sacred Spaces
The redevelopment of the Kashi Vishwanath Corridor in Varanasi is among the most notable projects. The corridor has opened up previously congested lanes around the temple and connected it directly to the ghats of the Ganga, allowing lakhs of devotees to visit in a more streamlined and spiritually immersive environment.
In Ujjain, the Mahakaal Lok Project has brought world-class amenities to the Mahakaleshwar Temple complex. The newly developed corridor and facilities reflect both ancient architecture and modern planning, turning the site into a cultural hub for spiritual tourism.
The Ram Mandir in Ayodhya, inaugurated in January 2024, has emerged as a major symbol of faith and heritage. The grand temple is not only a place of worship but also a tribute to the civilisational ethos that has shaped India’s spiritual history.
Other key sites include Kedarnath in Uttarakhand, where integrated development work has restored access and beauty to the revered Himalayan shrine. The installation of the statue of Adi Shankaracharya, rebuilt after destruction in the 2013 floods, is a powerful reminder of India’s enduring spiritual continuity.
Redevelopment efforts are also underway at the Juna Somnath Temple, including the construction of a scenic promenade and the Parvati Mandir, further enhancing the sanctity and accessibility of the Somnath complex.
In the northeast, Ma Kamakhya Temple in Assam has received infrastructure upgrades and pilgrim-friendly facilities, marking the government’s commitment to cultural sites across regions.
Protecting Intangible Heritage
Beyond physical sites, the government has also turned its attention to India’s intangible cultural heritage. Traditional art forms such as classical music, dance, and folk traditions are being preserved using modern digital tools. Efforts are underway to ensure that these time-honoured practices are passed on to future generations through institutional support and innovation.
Remembering the Forgotten
In a move to correct historical oversight, the government has placed renewed focus on honouring unsung heroes of India’s past. Through national memorials, educational campaigns and cultural programming, these forgotten figures are being reintegrated into India’s national consciousness.
A Civilisational Mission
The press release notes that these efforts reflect a broader civilisational mission: to preserve the spirit of India’s heritage while ensuring that culture and tradition evolve in harmony with advancements in technology, health, and infrastructure.
With projects that blend spiritual heritage, technological innovation, and inclusive access, India’s approach to cultural revival is both ambitious and holistic. As the nation looks to the future, it is doing so with one foot firmly planted in its rich and diverse past.
An all-party Indian Parliamentary delegation led by Shiv Sena MP Shrikant Eknath Shinde concluded three-day visit to Liberia on Monday, reinforcing India’s global campaign against terrorism and strengthening bilateral ties with the West African nation.
The delegation held meetings with President Joseph Nyuma Boakai, the Speaker of the House of Representatives, the President Pro-Tempore of the Senate, and the Minister of Foreign Affairs.
The delegation conveyed appreciation for President Boakai’s statement of condolence and condemnation addressed to Prime Minister Narendra Modi, following the terrorist attack in Pahalgam on April 22. They also acknowledged Liberia’s upcoming tenure as non-permanent member of UNSC for the term 2026-27 and its role from the platform in advancing the fight against terrorism.
The Liberian leadership, in turn, reaffirmed its support for India’s principled response through “Operation Sindoor”, and emphasised the need for unified international efforts to combat terrorism.
In his address to the Liberian Senate, first time by any Indian MP, Shinde spoke about India’s firm stand against cross-border terrorism and underlined the need for international solidarity in confronting the global menace.
The delegation also met Liberian parliamentarians, think tanks, and members of the local media. The Liberian parliamentarians observed a moment of silence in memory of the Pahalgam terror attack victims.
According to the Indian Embassy in Liberia, “The visit not only reflected the enduring friendship between India and Liberia, but also highlighted the two nations’ shared, unwavering stance against terrorism.”
The Liberia visit concluded with both sides reaffirming their commitment to work together in building a peaceful, secure, and terror-free world.
Apart from Shinde, the delegation included Bansuri Swaraj, Atul Garg, Manan Kumar Mishra, Sasmit Patra, E.T. Mohammed Basheer, S.S. Ahluwalia, and former Ambassador Sujan Chinoy.
An all-party Indian Parliamentary delegation led by NCP (SP) MP Supriya Sule called on League of Arab States Secretary-General Ahmed Aboul Gheit on Tuesday, underscoring India’s unified stance and collective determination to combat terrorism.
The leaders stressed that countering terrorism is a priority for both the Arab League and India. The discussions focused on India’s wide-ranging political, economic, and cultural engagement with the Arab States.
The delegation also had an engaging interaction with the vibrant Indian community in Egypt.
“The community welcomed the visit of the delegation and the message carried by them to combat terrorism,” said the Indian Embassy in Cairo.
On Monday, the delegation was briefed by Indian Ambassador to Egypt Suresh Reddy on the India-Egypt Strategic Partnership, Egypt’s strong stance against terrorism, solidarity with India after the April 22 Pahalgam terror attack, and the close bilateral collaboration on counter-terrorism.
Later, the delegation had a fruitful engagement at the Egyptian Senate House with Senator Hossam Al-Khouly of Mostaqbal Watan Party and MP Hazem Omar, including the Chairpersons and members of other Parliamentary Committees.
The Senate reaffirmed solidarity with India and reiterated the importance attached to the close strategic partnership between India and Egypt.
This was followed by productive discussions with Foreign Affairs Committee Chairman MP Karim Darwish and other distinguished members of the Egyptian House of Representatives.
The Indian parliamentarians also had insightful discussions with key interlocutors in Egypt, including former Ministers, distinguished authors and thought leaders. The discussions facilitated an enhanced understanding and appreciation of India’s commitment to economic growth, equitable development, and zero tolerance to terrorism.
The delegation also paid homage to Mahatma Gandhi at the Al-Horreya Park in Zamalek, Cairo.
The delegation, a part of India’s diplomatic outreach on Operation Sindoor and carrying forth India’s strong message on zero-tolerance against terrorism, reached Egypt after concluding a successful visit to Ethiopia, South Africa, and Qatar.
DLNR News Release – Incidents on Hawai’i Island Shed Light on Hawaiian Hawk Abuse, June 2, 2025
Posted on Jun 2, 2025 in Latest Department News, Newsroom
STATE OF HAWAIʻI
KA MOKU ʻĀINA O HAWAIʻI
JOSH GREEN, M.D.
GOVERNOR
KE KIAʻĀINA
DEPARTMENT OF LAND AND NATURAL RESOURCES
KA ‘OIHANA KUMUWAIWAI ‘ĀINA
DAWN N.S. CHANG
CHAIRPERSON
KA LUNA HOʻOKELE
INCIDENTS ON HAWAIʻI ISLAND SHED LIGHT ON HAWAIIAN HAWK ABUSE
FOR IMMEDIATE RELEASE
June 2, 2025
HILO, Hawaiʻi – Threats to Hawaiʻi’s endangered wildlife usually come in the form of habitat loss and degradation, disease, or predators. Recent incidents on Hawai‘i Island involving the ‘io, or Hawaiian hawk, shed light on another hazard: human interactions. Last month, a Mountain View community member found an emaciated ‘io on her property. It was missing the upper portion of its beak. This was reported to the Hawai‘i Wildlife Center (HWC) which contacted the DLNR Divisions of Conservation and Resources Enforcement (DOCARE) and Forestry and Wildlife (DOFAW).
Raymond McGuire, a wildlife biologist with DOFAW, collected the ‘io and transferred it to the HWC. Examination of the hawk determined the injury wasn’t natural, but human caused. No longer able to feed itself, the bird had to be euthanized.
HWC received a tip the previous week about a posting on Craigslist that offered a free hawk in Mountain View. Posted photos of that bird showed similar feather, eye and cere (lump above the beak) color to the hawk they admitted, though it still had its full beak. The post has since been deleted. It hasn’t been determined if the two incidents are related.
“I just want to make people aware that these types of abuses are happening in our backyards and if community members see something, please say something,” said McGuire.
In Hawaiʻi, endangered wildlife like the ‘io carry state protections. Hawai‘i Revised Statutes prohibit the “taking” of endangered or threatened species, which includes harming, killing, or otherwise disrupting them.
McGuire added: “We’ve received several reports in recent years of shootings and other harmful misconduct aimed at Hawaiian hawks.We can all contribute to the protection of our native ʻio and stop the trend of abuse if we keep our eyes open and speak up.”
To report suspected illegal activity, call the DLNR enforcement hotline at 808-643-3567 or use the DLNRTip app. For information on raptor rehabilitation and rescue, reach out to the HWC at 808-884-5000.
Posted on Jun 2, 2025 in Featured, Latest Department News, Newsroom, Office of the Governor Press Releases
STATE OF HAWAIʻI KA MOKU ʻĀINA O HAWAIʻI JOSH GREEN, M.D. GOVERNOR KE KIAʻĀINA
GOVERNOR GREEN WELCOMES NEW STATE FIRE MARSHAL The Position was Abolished Nearly 46 Years Ago
FOR IMMEDIATE RELEASE June 2, 2025
HONOLULU — Governor Josh Green, M.D., today announced the appointment of Dori Booth as Hawai‘i’s new State Fire Marshal, reviving a critical public safety position that has been vacant for nearly 46 years. The original Office of the State Fire Marshal was abolished by Act 241 of the 1978 Session Laws of Hawaiʻi, with its responsibilities devolved to the counties as of July 1, 1979.
This appointment marks a historic return to a centralized approach to statewide fire protection — one that was strongly recommended by independent wildfire investigation reports following the devastating 2023 Maui wildfires.
“Dori Booth steps into this role at a moment of incredible urgency — and with a mission that’s nothing short of transformative,” said Governor Green. “We are rebuilding an entire fire safety infrastructure at the state level, and Dori is at the center of it. She’ll need to navigate the complex division of responsibilities between the counties and the state, set up a new operational structure, and immediately implement top-priority reforms to protect our communities. It may sound like bureaucracy — but the goal is simple: save lives, protect property and keep Hawai‘i safe.”
Fire Marshal Booth has familiarized herself with the wildfires investigation reports by the Fire Safety Research Institute and will be leading the charge on executing the 10 priorities identified in the Phase II report.
“It’s an honor to step into this role at such a critical time for Hawaiʻi,” Booth said. “The lessons from the Maui wildfires are still fresh, and our responsibility is clear: We must do everything in our power to prevent future tragedies. That means stronger coordination, smarter planning, and a relentless focus on community safety. And when wildfires or other disasters cannot be prevented, we must be resilient — to protect Hawaiʻi’s most precious resources: its people, history, culture and places of deep significance. I’m committed to working with community members, county, state and federal partners — as well as our first responders — to build a fire protection system that reflects the strength and resilience of Hawaiʻi’s people.”
Booth brings more than two decades of leadership in fire safety and public service. Prior to her appointment, she served as Division Chief of Community Risk Reduction for the Sedona Fire District, and previously rose to Deputy Fire Marshal with the Phoenix Fire Department. In these roles, she led major fire prevention programs, high-risk inspections, hazardous materials response, and public safety planning for large venues and airports. A U.S. Army veteran, Booth served in Iraq, Kuwait and Afghanistan, where she specialized in civil-military operations and infrastructure stability. Her service earned her the Bronze Star Medal and Combat Action Badge.
She holds a Master’s degree in Public Safety Leadership Administration and a Bachelor’s in Sustainable Tourism Development and Management, both from Arizona State University. Booth also serves in a national leadership role with the International Code Council, chairing the Fire Sprinkler Exam Development Committee.
“The Fire Marshal will have a very important role in protecting our communities,” said Department of Law Enforcement Director Mike Lambert. “The Department of Law Enforcement looks forward to helping Dori be successful and we are honored that we have been entrusted to work with her side by side to keep Hawai‘i among the safest states in the nation.”
The fire marshal position was initially recreated by the 2024 Legislature in order to address the post-Maui wildfires third-party investigation reports initiated by the Department of the Attorney General, recommending a prioritized list of action items of changes to be made to improve Hawai‘i’s response to wildfires for the state and all counties. The 2024 legislation was amended in the most recent session to, among other changes, place the office of the State Fire Marshal under the Department of Law Enforcement.
A headshot of Dori Booth can be found here. Additional photos, courtesy the Office of the Governor, can be found here.
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Media Contacts: Erika Engle Press Secretary Office of the Governor, State of Hawai‘i Office: 808-586-0120 Email: [email protected]
Makana McClellan Director of Communications Office of the Governor, State of Hawaiʻi Cell: 808-265-0083 Email: [email protected]
The Reserve Bank of India (RBI) has imposed, by an order dated May 30, 2025, a monetary penalty of ₹3 lakh (Rupees Three Lakh only) on The Bathinda Central Co-operative Bank Ltd., Bathinda, Punjab (the bank) for contravention of provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.
The statutory inspection of the bank was conducted by the National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2023 and March 31, 2024. Based on supervisory findings of non-compliance with statutory provisions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said provisions. After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI found, inter alia, that the following charge against the bank was sustained, warranting imposition of monetary penalty:
The bank had failed to transfer eligible unclaimed amounts to the Depositor Education and Awareness Fund within the prescribed time.
This action is based on deficiencies in statutory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.
Source: Hong Kong Government special administrative region
Bus Safety Excellence Award commends multidisciplinary staff and encourages trade to promote safety awareness (with photos/video)Issued at HKT 17:20
The Transport Department (TD) today (June 3) held the Bus Safety Excellence Award Ceremony 2025 to commend multidisciplinary staff of franchised bus operators (FBOs) with excellent performances in enhancing bus safety in daily operations, with a view to encouraging the trade to promote safety awareness with ongoing efforts. About 200 participants attended the ceremony.
Officiating at the ceremony, the Permanent Secretary for Transport and Logistics, Mr Kevin Choi, said that continuously enhancing bus safety is a shared priority of the Government and FBOs, which requires both hardware equipment and staff training to complement each other. While bus captains shoulder the important duty of safe driving, the dedication of and collaboration among professional teams behind them are equally indispensable in ensuring stable services. Mr Choi expressed gratitude to the contributions of staff at different positions, who upheld professionalism in delivering safe and reliable bus services. He looked forward to ongoing efforts of the trade in fostering a safety culture and the importance of vehicle safety extensively, thereby providing a safe commute for passengers at large.
Also officiating at the ceremony were Legislative Council (LegCo) Member (Transport) Mr Frankie Yick; the Chairman of the LegCo Panel on Transport, Mr Chan Siu-hung; the Deputy Chairman of the LegCo Panel on Transport, Mr Yiu Pak-leung; the Commissioner for Transport, Ms Angela Lee; the Chairman of the Transport Advisory Committee, Professor Stephen Cheung; Independent Expert Member of the Committee on Enhancement of Franchised Bus Safety Professor Wong Sze-chun; and the Chief Superintendent of Police (Traffic) of the Hong Kong Police Force, Mr Leung Shun. The officiating guests hosted the kick-off ceremony and urged road users to take heed of safety tips, including “staying courteous and alert”, “obeying traffic regulations”, “keeping a safe distance” and “driving attentively, no speeding”.
The Excellence Award this year gave recognition to a total of 57 staff members, comprising 28 bus captains, six driving instructors, 12 inspectors/regulators and 11 engineers/mechanics from five teams. Among them, the engineer/mechanic teams competed in bus safety projects for the first time, with their entries assessed by the TD based on safety benefits, creativity and technological application. The winning entries, such as a predictive bus maintenance system and the application of an AI digital video recording system on both buses and emergency rescue vehicles, effectively made good use of technologies in enhancing safety and efficiency.
Awardees in the other categories were nominated by FBOs and assessed by the TD. Regarding the assessment criteria, bus captains should have a clean traffic accident record and no driving offence records, and their driving attitude and skills were assessed. Driving instructors should provide effective safety training for bus captains while inspectors/regulators should maintain effective management of buses’ daily operations. At the ceremony, special guest Matthew Ho had interactive quiz games with bus trade representatives, strengthening their understanding of a proper driving attitude and bus safety tips.
The list of awardees this year is set out in the Annex.
Source: Hong Kong Government special administrative region
Interest rate of first interest payment for series of retail infrastructure bonds due 2027Fixed Rate: +3.50 per centIssued at HKT 16:40
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (June 3) the relevant per annum interest rate for the first interest payment of the series of retail infrastructure bonds due 2027 (Issue Number: 03GB2712R; Stock Code: 4286) (the Retail Infrastructure Bonds) issued under the Infrastructure Bond Programme.
According to the Issue Circular dated November 26, 2024, for the Retail Infrastructure Bonds, the first interest payment of the Retail Infrastructure Bonds is scheduled to be made on June 17, 2025, and the relevant interest rate is scheduled to be determined and announced on June 3, 2025, as the higher of the prevailing Floating Rate and Fixed Rate.
On June 3, 2025, the Floating Rate and Fixed Rate are as follows:
Floating Rate: +1.60 per cent (Annex) Fixed Rate: +3.50 per cent
Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the first interest payment is determined and announced as 3.50 per cent per annum.
Indian equity benchmarks closed lower for the third consecutive trading session on Tuesday, as weak global cues and investor caution weighed on sentiment.
The BSE Sensex dropped 636.24 points, or 0.78%, to end at 80,737.51, while the NSE Nifty fell 174.10 points, or 0.70%, to settle at 24,542.50.
IT, PSU banks, financial services, FMCG, and energy stocks led the decline. However, midcap and smallcap indices fared better. The Nifty Smallcap 100 inched up 0.10% to 18,114, while the Nifty Midcap 100 shed 0.45% to close at 57,517.
“After an initial uptick, the Nifty oscillated sharply in early trade; however, a sharp decline below the 20-day exponential moving average in the latter half of the session kept the tone negative,” said Ajit Mishra of Religare Broking.
Analysts cited sustained foreign fund outflows, geopolitical tensions, and uncertainty over global trade deals as key factors behind the market’s weakness. They added that strength in select banking stocks may cushion further downside.
Investors also appeared to be in wait-and-watch mode ahead of the Reserve Bank of India’s upcoming interest rate decision.
On the currency front, the rupee gave up Monday’s gains, impacted by risk aversion, a stronger U.S. dollar, and continued outflows. HDFC Securities’ Dilip Parmar expects the USD/INR pair to trade in the 85.10–85.90 range in the near term.
Gold prices remained steady near ₹97,700 on the MCX after a sharp rally on Monday. Analysts said the market is consolidating ahead of key economic data releases from the U.S.
Geneva, Switzerland, 2 June 2025 – The inaugural Global Early Warnings for All Multi-Stakeholder Forum opened today with a resounding call to accelerate the implementation of life-saving early warning systems worldwide. Co-led by the United Nations Office for Disaster Risk Reduction (UNDRR) and the World Meteorological Organization (WMO), the forum brings together governments, international organizations, civil society, private sector actors, and communities to advance the UN Secretary-General’s Early Warnings for All (EW4All) initiative.
As part of the preparatory days for the Global Platform for Disaster Risk Reduction, the two-day forum aims to ensure that every person on Earth is protected by early warning systems by the end of 2027. With disasters projected to increase by 40% between 2015 and 2030, and economic losses from disasters in 2023 estimated at $250 billion, the urgency for effective early warning systems has never been greater.
The forum’s opening session featured a comprehensive stock-take of global early warning system progress, highlighting that 108 countries report that they have multi-hazard early warning systems. Building on outcomes from five regional Early Warnings for All Multi-Stakeholder Fora held across Asia-Pacific, Africa, Europe & Central Asia, the Americas & Caribbean, and Arab States, the global gathering captures lessons learned and identifies pathways to close remaining gaps.
Community-centered approaches and innovation at the forefront
Graphic recording of thematic session on community empowerment.
The forum’s first day emphasized the critical importance of people-centered approaches to early warning systems. Thematic sessions explored how communities can be empowered through user-tailored early warnings and early action, with particular attention to the unique challenges faced in fragile and conflict settings.
Mr. Kamal Kishore, Special Representative of the UN Secretary-General for Disaster Risk Reduction, reinforced this message, stating, “Leave no one behind comes very important in the context of early warning systems. Women, children and persons with disabilities are not passive recipients of services, they are active participants.”
Participants examined effective governance models that support multi-hazard early warning systems, recognizing that successful implementation requires institutionalized chains of responsibility and multi-stakeholder engagement including South-South and Triangular Cooperation mechanisms. The forum highlighted that early warning systems are strongest when at-risk communities and sectors co-develop and co-own these systems, ensuring trust, timely action, and long-term sustainability.
Innovation emerged as a key theme, with experts showcasing how science, technology, and local knowledge can advance multi-hazard early warning systems. Discussions covered the integration of artificial intelligence, satellite systems, Information of Things (IoT) technologies, and traditional knowledge systems to enhance forecasting accuracy and improve warning dissemination to vulnerable populations.
Ambassador Julien Thöni, Deputy Permanent Representative of Switzerland to the United Nations and other Organisations in Geneva, highlighted the dual nature of innovation: “Early Warning Systems can go hand-in-hand with innovation. New technologies from satellite data to mobile alerts help us predict more accurately and reach people faster. But innovation also means finding smarter ways to work together, adapt to local needs, and make sure no one is left behind.”
Building partnerships for resilient futures
Graphic recording of opening session & stock take on collaborative action and multilateralism.
The forum underscored that no single entity can build and maintain effective early warning systems alone. Participants emphasized the need for stronger partnerships across sectors, levels of government, and international boundaries to achieve Early Warnings for All, by All.
Professor Celeste Saulo, Secretary-General of the World Meteorological Organization, emphasized the critical importance of collaboration: “No warning, however early, is effective unless it reaches the right people at the right time. And that is why we are here today. To cement our partnerships and trust which are essential to early action…Alone we can do very little. But together, we can do so much.”
Early warning systems provide a ten-fold return on investment and are recognized as among the most cost-effective adaptation measures. However, their full socio-economic benefits remain under-documented, highlighting the need for better evidence and advocacy to scale up investments.
The forum’s diverse organizing committee, including the International Telecommunication Union (ITU), the International Federation of Red Cross and Red Crescent Societies (IFRC), the CREWS Secretariat, the Risk-informed Early Action Partnership (REAP), the United Nations Development Programme (UNDP), the United Nations Environment Program (UNEP), the Food and Agriculture Organization (FAO), United Nations Office for the Coordination of Humanitarian Affairs (OCHA), Group on Earth Observations (GEO), the United Nations Educational, Scientific, and Cultural Organization (UNESCO), the World Food Programme (WFP), Stakeholder Engagement Mechanism (SEM), the Global Network of Civil Society for Disaster Reduction (GNDR), and the Executive Office of the Secretary-General Climate Action Team, reflects the multi-stakeholder approach essential for success.
Path forward: cooperation and finance
Graphic recording of session on effective governance to support multi-hazard early warning systems.
As the Forum continues, participants will focus on accelerating Early Warnings for All through international, regional and national cooperation and partnerships, alongside solutions for scaling and sustaining investments in multi-hazard early warning systems and building resident capacity.
The Forum will produce an outcome statement sharing overarching needs and priorities, as well as emerging opportunities identified by participants at the global level. These outcomes will feed directly into the Global Platform’s thematic session on early warnings and early action.
With Target G of the Sendai Framework calling for substantial increases in the availability and access to multi-hazard early warning systems, the Global Early Warnings for All Multi-Stakeholder Forum represents a critical milestone in the journey toward universal protection from disasters.
The Global Early Warnings for All Multi-Stakeholder Forum continues on 3 June 2025, focusing on international cooperation and financing solutions for early warning systems.
The 8th Global Platform on Disaster Risk Reduction 2025 (GPDRR2025) began with preparatory events on Monday, 2 June, ahead of the upcoming official programme with highlevel meetings from 4-6 June in Geneva, Switzerland. GPDRR 2025 is organized by the UN Office for Disaster Risk Reduction (UNDRR) and hosted by the Government of Switzerland. Two parallel events took place on Monday: the Third Stakeholder Forum and the Global Early Warning for All (EW4All) MultiStakeholder Forum.
Third Stakeholder Forum
Opening
The Third Stakeholder Forum opened with statements by the Governments of Switzerland and Indonesia and senior UN leaders under the theme “United for Resilience.” Speakers highlighted progress on the Bali Agenda for Resilience, an outcome of the 7th Global Platform in 2022, and the opportunities for inclusive disaster risk reduction (DRR).
Mirjam Macchi, Swiss Agency for Development and Cooperation, appreciated stakeholders’ solidarity around the evacuation and assistance to the historic village of Blatten, destroyed last week by a glacial landslide 200 km from Geneva. She noted that even livestock were cared for-a powerful reminder that “resilience begins with local people” and inclusive solutions are more effective when those directly affected by disasters bring vital knowledge to action.
Achsanul Habib, Permanent Representative of Indonesia to the UN, reaffirmed Indonesia’s commitment to risk-informed policies and inclusive approaches. He encouraged all participants to use the Stakeholder Forum as “not only a platform to listen and share, but a platform to act together.”
The event also showcased the Sendai Framework Voluntary Commitments online platform (SFVC), where stakeholders can register their commitments, and users can identify areas of activity as well as gaps. Yuki Matsuoka, Head, UNDRR Office in Japan, noted that 729 individual organizations so far have registered their commitments.
Celeste Saulo, Secretary-General, World Meteorological Organisation
Whole-of-society approach for the Sendai Framework on DRR: A collective responsibility
Sarah Wade-Apicella, UNDRR, moderated the session. On effective methods to implement inclusive DRR, Marcie Roth, World Institute on Disability, underscored the need for people with disabilities to be involved early in co-development of disaster risk strategies, and for foresight processes to incorporate diverse voices. Major Hamad Sabah Al-Sawar, Director of Crisis and Disaster Management, Bahrain, described Bahrain’s communication platform providing diverse modes of information sharing in multiple languages, the use of a phone application, and a common hashtag used to mobilize public action.
On intersectional and intergenerational knowledge sharing, Tom Colley, HelpAge International, drew attention to the wide network of older people associations worldwide as opportunities to engage this age group in DRR. He noted these associations can also harness and serve as channels for bringing Indigenous Peoples’ knowledge into DRR strategies. Barrise Griffin, Disaster Risk Management Authority, The Bahamas, emphasized moving away from one-off, extractive approaches to information gathering, and instead facilitating ongoing dialogue. Josefina Miculax Sincal, Huairou Commission, called for frameworks and trainings to strengthen good practices at the community level.
A slide showing the numbers of internal displacement by hazard for 2015- 2024.
Participants then heard comments and questions from the floor on the role of national DRR platforms in community-level participation, engagement, and school programs for children; managing conflicts of interest; looking beyond immediate impacts of DRR; measuring the effectiveness of stakeholder engagement; shifting risk ownership to local communities to handle disasters; and securing resources.
Data and financing for disaster displacement as loss and damage
Steven Goldfinch, Asian Development Bank (ADB), moderated this session.
Christelle Cazabat, Internal Displacement Monitoring Centre, explained that research into Hurricane Milton’s impacts in the US shows how people’s aspirations change when displacement stretches into the long term. She noted 2024 saw the highest number of people displaced in a single year globally (45.8 million), as well as the highest number of people continuing to live in displacement (9.8 million).
Noralene Uy, Department of Environment and Natural Resources, the Philippines, noted that her country ensures children have access to child-friendly spaces during displacement, and that national protocols guide national and local assessments and reporting. Isoa Talemaibua, Ministry for Maritime and Rural Development, Fiji, highlighted Fiji’s risk assessment activities and stressed the value of financial tools such as green and blue bonds, and parametric insurance that enables rapid payouts based on environmental triggers.
Hoang Phuong Thao, ActionAid Vietnam, highlighted the organization’s work with marginalized and remote communities to use smartphones for receiving early warnings, as well as for reporting on local conditions, thereby informing the government’s trend analysis. Catalina Díaz Escobar, Corporación Antioquia Presente, emphasized that data collection itself is a political process and should be conducted in an ethical and respectful manner.
From Paris to Sendai: the fundamental connection of climate and DRR
Jamie Cummings, Sendai Stakeholder Engagement Mechanism, moderated the session. Animesh Kumar, UNDRR, underlined that risk is a common denominator across the Sendai Framework, Paris Agreement, and Sustainable Development Goals (SDGs), stating that all these global frameworks share the goal of resilience. He encouraged the institutionalization of the agreements at the national level and highlighted the need to localize them. On technical assistance, he stressed that funding applications under the Santiago Network -a mechanism to support countries recovering from loss and damage due to climate change -should be designed to catalyze downstream impacts. Hisan Hassan, National Disaster Management Authority, Maldives, described his country’s focus on EW4All and slow-onset losses. Manon Robin, UN Framework Convention on Climate Change (UNFCCC) Secretariat, discussed integration of national adaptation plans and DRR strategies and emphasized, supported by Le-Anne Roper, UNDRR, the need to focus on coordinating actors on different aspects of climate resilience. Amber Fletcher, University of Regina, emphasized that slow-onset disaster management and funding are crucial for food producers, and stressed the significance of non-economic loss and damage.
View of the panel during the “From Paris to Sendai: the Fundamental Connection of Climate and DRR” event.
Innovative financing and private sector leadership in DRR
Camila Tapias, UNDRR ARISE Global Board Member, moderated the session. Manisha Gulati, ODI Global, noted that most funding goes toward emergency response after disasters occur. She highlighted that when the private sector invests in critical services, DRR becomes an outcome, not only a target.
Yezid Niño, Private Sector Liaison, UNDRR Americas, emphasized the relevance of understanding that DRR is part of the development of the countries and pointed toward the role of regulatory frameworks in involving the private sector in financing DRR. Terry Kinyua, Co-Chair of the ARISE Global Board, stressed that the resilience of communities amounts to the resilience of a country.
Through digital interaction, attendees identified cost-benefit analysis, data gaps, and trust as the major barriers to private sector investment in DRR. Among the actions leaders can take to accelerate investment in resilience, attendees mentioned political incentives, regulatory alignment, resilience as a national priority, and the involvement of local leaders.
View of the panel during the “Innovative Financing and Private Sector Leadership in DRR” event.
Implementation of climate and DRR gender action plans at the national level-Synergies and strategies
Mwanahamisi Singano, Women’s Environment and Development Organization (WEDO), moderated this panel discussion unpacking synergies between the different Gender Action Plans (GAPs) under multiple conventions and frameworks, including the Sendai GAP. She noted the need to avoid duplication and ensure cost effectiveness.
Mary Picard, Humanitarian and Development Consulting, gave a keynote address describing the actions leading to the launch of the Sendai GAP in 2024. Panelists mentioned key lessons from their experiences with governments in implementing the GAPs, including the challenge of competing priorities and political preferences among different ministries when attempting to coordinate the different GAPs. Other interventions focused on holding governments and agencies accountable for implementing GAPs and enhancing communication among women’s networks, particularly those involved in DRR. Following interventions on regional mapping tools and GAP observatories that monitor implementation progress, Singano invited participants to provide inputs towards developing a universal DRR gender equality observatory.
Community-led action for resilience, building partnerships for inclusive action
Maité Rodríguez, Fundación Guatemala, moderated this session. The panel featured grassroot women leaders and related international organizations. Godavari Dange, Swayam Shikshan Prayog, a women-led organization of farmer-producers, highlighted women farmers’ work in drought preparedness to cultivate and stockpile animal fodder. She also highlighted technology training conducted during the COVID-19 pandemic for women to use online platforms. Norma Choc Botzoc, Community Practitioners’ Platform for Resilience in Guatemala, described grassroot women’s own development of risk and vulnerability assessments, which, she noted, are being used as tools for advocacy to local authorities to direct resources appropriately. Speakers from ADB and the Centre for Coordination of Disasters in Central America and the Dominican Republic (CEPREDENAC) affirmed the central importance of cooperation and co-design of programs for climate resilience and recovery after disasters.
Disaster preparedness and risk reduction in urban areas—Building back better
Ladeene Freimuth, The Freimuth Group, moderated the session. Guilherme Simões, National Secretary for Peripheries, Ministry of Cities, Brazil, outlined the Live Peripheries program, which provides access to better urban infrastructure, social services, and opportunities; and the Peripheries Without Risk strategy, a community-based risk reduction and climate adaptation plan.
Marcie Roth, World Institute on Disability, highlighted EWS as one of the best-proven and cost-effective methods for reducing disaster deaths and losses. She drew attention to “Infinite Access,” a communication platform designed to deliver emergency alerts in multiple accessible formats.
Mario Flores, Habitat for Humanity International, discussed the challenges and opportunities of urban environments, stressing the need to build better in the first place; to have risk-informed development; and to consider housing as a platform for a peoplecentered resilience approach.
Debbra Johnson, ARISE-US Network, addressed the report “Navigating the sustainability-resilience nexus,” which brings together the SDGs, the Paris Agreement, and the DRR Sendai Framework.
Breaking the DRR financing silos: A systematic shift in DRR financing for localization of inclusive resilience
Camila Tapias, UNDRR ARISE Global Board Member, moderated the session. Noting that financial capital existed but is not reaching local levels, Tanjir Hossain, Stakeholder Engagement Mechanism, called for breaking down silos so funding is not sitting around while millions of people suffer. Steve Goldfinch, ADB, described the National Disaster Management Fund of Pakistan that finances projects with high economic benefits using a 70% – 30% funding model from provincial governments. He also highlighted the National Disaster Risk Management Fund of the Philippines that encourage local governments to invest in disaster response, relief, preparedness and risk reduction measures. Emma Haight, UNDRR Investor Advisory Board, described the adoption of a green sewer design, first developed in Washington DC, which proved so successful that the design was replicated in London, UK, Cape Town, South Africa, and Quito, Ecuador, highlighting its environmental and financial risk reduction, and over USD 200 million in cost savings. Michelle Chivunga, Global Policy House, discussed using artificial intelligence to shift DRR responses, optimize data utilization in local governments, track and mobilize funding, and to use digital capital during humanitarian crisis to make up for funding shortfalls. Sara Hoeflich, United Cities and Local Government, recommended investment in basic services such as water supply, street cleaning, and sewer solutions to ensure clean cities as an investment and risk mitigation measure. Marcos Concepción Raba, Global Network of Civil Society Organisations for Disaster Reduction, discussed effective localization.
Global Early Warning for All (EW4All) Multistakeholder Forum
Opening
Julien Thöni, Ambassador and Deputy Permanent Representative to the UN, Switzerland, said timely early warning action should provide critical time to act and respond, and noted that innovation better predicts and reaches people faster. Celeste Saulo, Secretary-General, World Meteorological Organization (WMO), suggested key criteria for improving early warning systems (EWS), including that science must connect people; and systems and partnerships must include actors “outside the DRR tent,” especially those most at risk. Kamal Kishore, Special Representative of the United Nations Secretary-General for Disaster Risk Reduction, and Head of UNDRR, said EWS should not be regarded as a once-off intervention. He said national ownership must be strengthened, and the concept of leaving no one behind should be embedded into all efforts. Selwin Hart, Special Adviser to the Secretary-General on Climate Action and Just Transition, via video, suggested EWS is the most basic tool for saving and protecting lives, and called for high-level political support, a boost in technology access, and public and private finance at scale.
Fireside chat: The state of EWS
Johan Stander, WMO, drew attention to national ownership, stakeholder engagement, and the involvement of funding partners when investing in EW4All. Sujit Kumar Mohanty, Chief of Branch, UNDRR, emphasized co-design and co-ownership approaches to meaningfully engage stakeholders for successful EW4All.
Good practices: Stakeholder perspectives on EWS
Interventions during this panel session included: calls to integrate women and youth in all decisions focused on EWS; investing in women’s leadership, particularly those with disabilities; ensuring young people are equitably involved; reaching those living in remote rural areas and conflict zones; and leveraging the communication power of mobile networks through private-public partnerships.
UNDRR Disability Leaders gather at the end of the day.
Perspectives from across regions on EWS
Panelists in this session focused on: successful collaboration and EWS progress in Zimbabwe after the 2019 Cyclone Idai; institutionalization of the community-based approach to EWS in Barbados; main challenges to integrate scientific tools and remote sensing into EWS in Lebanon; integration of the private sector in EWS decision-making process in Makati, the Philippines; and the role of cross-border cooperation, knowledge sharing, and educating people for effective EWS in Poland.
Thematic Sessions
Four thematic sessions took place during the day. These were:
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) wishes to alert members of the public to the press releases issued by the banks listed below relating to fraudulent websites, internet banking login screens, phishing emails or other scams, which have been reported to the HKMA. Hyperlinks to the press releases are available on the HKMA website.
Bank
Type of Scam
Shanghai Commercial Bank Limited
Fraudulent websites and internet banking login screens
The Bank of East Asia, Limited
Fraudulent websites and internet banking login screens
Chong Hing Bank Limited
Fraudulent websites and internet banking login screens
The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).
Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the scams concerned, should contact the relevant bank with the information provided in the corresponding press release, and report the matter to the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.
Source: Hong Kong Government special administrative region
The Hong Kong Police Force, in collaboration with the police forces of Macao Special Administrative Region (SAR), Malaysia, the Maldives, Singapore, South Korea and Thailand, conducted the first joint operation of the Cross-border Anti-Scam Collaboration Platform “FRONTIER+” from April 28 to May 28. The operation achieved significant results in combating cross-border scam activities.
During the month-long operation, over 2 700 law enforcement officers from seven countries and regions were deployed, successfully identifying and dismantling multiple cross-border scam syndicates. In total, 1 858 individuals (aged between 14 and 81) were arrested, involving 9 268 scam cases, including online shopping scams, telephone deceptions (such as government official impersonation scams and impersonating customer service scams), investment scams, rental scams, and employment scams, etc, with a total loss amounting to US$225 million. A total of 32 607 bank accounts were frozen, and approximately US$20 million fraudulent funds were intercepted, effectively disrupting criminal cash flows. Enforcement details of the countries and regions are set out in the Annex.
Investigation revealed that scam trends show notable similarities across different jurisdictions. For instance, the impersonation of customer service representatives emerged as a widespread scam tactic in Hong Kong in 2024 and the trend started to drop in 2025 after police intervention. However, similar fraudulent schemes employing identical scripts and excuses to deceive citizens into monetary losses began to appear in Singapore and Macao SAR in 2025. This underscores the critical need for cross-jurisdictional collaboration and intelligence sharing to combat scam syndicates effectively.
The Cross-border Anti-Scam Collaboration Platform “FRONTIER+” was jointly established by various anti-scam centres in October 2024. As of now, the platform includes anti-scam centres from 10 countries and regions, namely Australia, Canada, Hong Kong SAR, Indonesia, Macao SAR, Malaysia, the Maldives, Singapore, South Korea and Thailand. By strengthening intelligence exchange and coordinated actions, the platform aims to combat scams, cyber-related crimes and money laundering. The platform will continue to conduct real-time intelligence analysis and sharing, carry out cross-border joint operations from time to time, and expand its network by inviting more countries and regions to join in order to enhance enforcement efficiency.
Members of the public are urged to remain vigilant against scams at all times and to exercise caution in their financial transactions. Avoid hastily clicking on hyperlinks, downloading mobile applications, or logging into suspicious websites. If in doubt, the public is advised to verify suspicious information or websites using “Scameter” on CyberDefender’s website (cyberdefender.hk/en-us/scameter/), or the mobile app “Scameter+”; or to call the “Anti-Scam Helpline 18222” for enquiries
Source: Hong Kong Government special administrative region
The Secretary for Home and Youth Affairs, Miss Alice Mak, today (June 3) visited Qianhai to learn about the entrepreneurial experiences of Hong Kong youth in Qianhai and to exchange views on youth development work.
Miss Mak first visited the Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub (Ehub), where she was briefed by the person in charge on the facilities and measures supporting youth entrepreneurship. She also toured the HKU Techno-Entrepreneurship Academy, the Hong Kong Youth Short-Term Apartments, and the Hong Kong Cultural Experience Space at the Ehub, engaging in discussions with Hong Kong youth to learn more about their entrepreneurial experiences and life in Qianhai. The Ehub is a member of the Alliance of Hong Kong Youth Innovation and Entrepreneurial Bases in the Greater Bay Area, which is jointly established by the Home and Youth Affairs Bureau, the Hong Kong and Macao Affairs Office of the People’s Government of Guangdong Province, and the Human Resources and Social Security Department of Guangdong Province.
Miss Mak later met with Member of the Standing Committee of the CPC Shenzhen Municipal Committee and Director General of the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen Municipality (Qianhai Authority), Mr Wang Shourui, to discuss promoting Shenzhen-Hong Kong co-operation in supporting the development of Hong Kong youth.
Miss Mak thanked the Shenzhen Municipal People’s Government and the Qianhai Authority for their staunch support towards the Hong Kong Special Administrative Region Government (HKSARG)’s youth development work, especially in encouraging young people to integrate into the overall national development and seize the enormous opportunities brought about by the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). Miss Mak said that the HKSARG attaches great importance to youth development. Since its establishment in December 2023, the Alliance has brought together nearly 60 member organisations in Hong Kong and the GBA, including the EHub. With the resources and networks of the Alliance members, it provides a one-stop information, publicity and exchange platform to provide more comprehensive support to Hong Kong’s young entrepreneurs. The Alliance members have organised nearly 220 events to date.
In the afternoon, Miss Mak visited the Qianhai Exhibition Hall to learn about the planning and latest developments of Qianhai. She also visited the SmartMore Corporation Limited, which was founded by a Hong Kong entrepreneur. Representatives of the company shared their experiences in successfully establishing a unicorn company and the development opportunities in the GBA.
Miss Mak said that the HKSARG will sustain its efforts in promoting youth development and will continue to implement and enhance the Youth Development Blueprint. Some of the measures covered in the Blueprint encourage and support Hong Kong youth in pursuing innovation and entrepreneurship. Through the visit, she hoped that the two places will further strengthen their co-operation and exchanges on encouraging young people to explore entrepreneurial opportunities in the Mainland’s enormous market and offering comprehensive support for youth innovation and entrepreneurship.
Miss Mak concluded her visit and returned to Hong Kong in the afternoon.
Source: Hong Kong Government special administrative region
​Hongkong Post announced today (June 3) that five sets of special stamps with various themes will be issued from July to December 2025. Each stamp issue has its own ingenious design and distinctive style, making the stamps valuable collectables for philatelists and the public.
Inscribed on the United Nations Educational, Scientific and Cultural Organization’s Representative List of the Intangible Cultural Heritage of Humanity in 2016, the “24 solar terms” of the Chinese calendar reflect the change of seasons and meteorological patterns. Following the “24 Solar Terms – Spring” special stamps and “24 Solar Terms – Summer” special stamps issued in 2020 and 2023 respectively, Hongkong Post will issue special stamps themed on “24 Solar Terms – Autumn”, featuring six solar terms of autumn, namely “Autumn Commences”, “End of Heat”, “White Dew”, “Autumnal Equinox”, “Cold Dew” and “Frost”.
The Central Government gifted a pair of giant pandas, Ying Ying and Le Le, to the Hong Kong Special Administrative Region (HKSAR) in 2007. The pair welcomed a pair of cubs, Jia Jia and De De, on August 15, 2024. The twin cubs have since captured the hearts of the public, who have been keenly following their growth. Hongkong Post will issue special stamps themed on “Giant Panda Twin Cubs” to showcase the highlights of Jia Jia and De De’s daily lives at different stages and witness their growth journey.
In Hong Kong, there are many distinctive hiking trails, offering hikers a diverse array of green experiences. Among them, the Wilson Trail is a long-distance hiking trail that begins at Stanley and finishes at Nam Chung in the New Territories, stretching approximately 78 kilometres across Hong Kong Island, Kowloon and the New Territories. Hongkong Post will issue a set of 10 special stamps themed on “Hong Kong Hiking Trails Series No. 3: Wilson Trail” to feature the gorgeous scenery of various sections along the Wilson Trail.
Hong Kong’s airport plays an indispensable role in the successful development of Hong Kong into an international aviation hub. The passenger terminal of Kai Tak Airport was completed and commenced service as early as in the 1960s. In view of the growing demand for air traffic, Kai Tak Airport completed its historical mission in 1998 when Hong Kong International Airport relocated from Kai Tak to Chek Lap Kok. At present, it has developed a three-runway system. Meanwhile, the Government of the HKSAR is pressing ahead with the Airport City development strategy. Hongkong Post will issue a set of special stamps on the theme of “Aviation Development in Hong Kong” to feature the thriving aviation development in the city.
Christmas is a season full of joy, warmth and blessings. As a city embracing both Chinese and Western cultures, Hong Kong showcases a lively festive ambience throughout Christmas. Hongkong Post will issue special stamps on the theme of “Christmas Stamps V”, which adopt the night view of Victoria Harbour as the background, showcasing a variety of Christmas elements under the starry sky and highlighting the joy of the festive season.
Customers may place advance orders for the above new stamp products from today on Hongkong Post’s online shopping mall “ShopThruPost” (shopthrupost.hongkongpost.hk). Customers may also visit the Facebook page “郵票．郵趣@Hongkong Post Stamps” (www.facebook.com/HKPStamps) for more details. Customers who place orders by June 23 (Monday) will receive attractive gifts and bonus points. Further information about placing orders can be obtained from the Hongkong Post Stamps website (stamps.hongkongpost.hk) or by calling the Hongkong Post Philatelic Bureau hotline at 2785 5711.
Source: Hong Kong Government special administrative region
The Registration and Electoral Office (REO) announced today (June 3) that the Electoral Registration Officer (ERO), in accordance with the new section 14(1AB) of the Schedule to the Chief Executive Election Ordinance (Cap. 569) (the Ordinance), has specified June 24, 2025, as the publication date of the provisional register; and July 21, 2025, as the publication date of the final register for the 2025 Election Committee subsectors (ECSSs).
The Chief Executive has specified December 7, 2025, as the date for holding the general election for the eighth term Legislative Council (LegCo). As regards the ECSS By-elections to be held before the LegCo General Election, the date will be September 7, 2025.
A spokesman for the REO said, “The Electoral Legislation (Miscellaneous Amendments) Ordinance 2025 introduced a provision that empowers the ERO to suitably advance the publication of the registers for ECSSs in the year of the LegCo general election (including this year) through accelerating part of the working procedures, so that the ECSS By‑elections of the year can be conducted in accordance with the most updated information included in the register without having to adopt the register published in late September in the year earlier. To enable the ECSS By‑elections, to be held on September 7 this year, to be conducted on the basis of the latest voter situation, the ERO will advance the compilation and publication of the 2025 provisional/final registers for ECSSs. The relevant notice was gazetted today.
“In case voters/new applicants of ECSSs received requests from the REO for supplementary information, please reply by June 9, 2025,” the spokesman added.
Arrangements for inspection of provisional register and omissions list for ECSSs
The 2025 provisional register and omissions list for the ECSSs will be published on June 24 for inspection by specified persons under the law until June 30. For details of the inspection arrangements, please visit the REO webpage reo.gov.hk/en/voter/checkvrstatus/registers.html.
All ECSS voters may also check their registration status and particulars, including whether they have been entered into the omissions lists for ECSSs, through “iAM Smart” or the Voter Registration website (vr.gov.hk).
Voters who have been included in the omissions list for ECSSs will receive reminding letters from the REO to confirm their eligibility. The envelopes of the reminding letters are beige in colour with a message, “Immediate action required. Your voting right is at stake” printed in red. Recipients must reply or provide supplementary information on or before the statutory deadline of June 30 by post, fax or email; or by using a mobile device to scan the QR code on the reply slip and upload the required information to the REO e-Form Upload Platform so that they may, upon the Revising Officer’s approval, keep their voter status and be included in the final register of ECSSs. Any claims or objections with regard to the provisional register and omissions list of ECSSs should be lodged in person with the REO by the statutory deadline of June 30. The Revising Officer will consider the evidence provided by the applicant and make a ruling according to law.
The REO will publish the 2025 final register for ECSSs on July 21.
Register for the Election Committee
In addition, pursuant to section 4 of the Schedule to the Ordinance, the ERO will publish the provisional register and omissions list of the Election Committee (EC) on June 9, 2025. The related period for lodging claims and objections is from June 9 to 16. In accordance with section 5 of the Schedule to the Ordinance, the Electoral Affairs Commission will take into account the provisional register for the EC and the ruling of cases of claims and objections (if any) by the Revising Officer, to determine the numbers of vacancies of elected members in each of the subsectors to be filled at the ECSS By-elections this year; and the numbers of vacancies of nominated members to be filled through supplementary nomination.
Upon completion of the above procedures, the REO will publish notices in the Gazette on July 4 to announce the number of EC members to be returned for the relevant subsectors at the ECSS By-elections, the designated bodies of subsectors that need to fill vacancies of EC members and the number of EC members that they can nominate, and the details for the submission of nomination forms, including the period and addresses for submission.
VICTORIA, Seychelles, June 03, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has officially launched the second year of its Anti-Scam Month, a global initiative run to spread crypto security awareness. In a world where scams have become as sophisticated as the technologies meant to prevent them, Bitget is taking a cultural stand: security is no longer just a backend function; it’s a mindset shared between platforms and people.
Blockchain and Web3 have evolved rapidly, but so have the threats. From phishing links disguised as giveaways to malicious smart contracts concealed behind social media hype, scams have become increasingly creative and less detectable. In 2024 alone, cryptocurrency-related scams resulted in losses exceeding $9.9 billion, representing a 24% annual growth since 2020, according to reports.
Despite Bitcoin reaching new all-time highs and crypto adoption accelerating, the darker corners of the space remain dangerous for the unprepared. This surge of crypto scams, fueled by AI-generated deception and advanced social engineering tactics, shows the urgent need for heightened security awareness and more proactive defenses across the crypto ecosystem.
Since 2024, Bitget has marked every June as Anti-Scam Month to raise security awareness and protect users’ digital assets and personal data. Throughout this June, Bitget is flipping the script, from fear to empowerment. Under the theme Smarter Eyes, Stronger Shields, Bitget’s Anti-Scam Month campaign combines gamified education, community storytelling, and high-engagement content to cultivate a culture of vigilance. The campaign features the launch of the Bitget Anti-Scam Hub, a dedicated microsite that houses interactive resources, the “PFP Smarter Glasses” social media movement, a multi-part Security Blog Series, and the “Smarter Eyes Challenge” mini game.
But this isn’t a solo mission. Bitget has teamed up with a growing network of security experts to amplify the message and build a safer blockchain future. Key collaborators in this initiative include top-tier security firms such as GoPlus, SlowMist, OneKey, BlockSec, and Security Alliance—leaders in identifying vulnerabilities, analyzing on-chain threats, and building protective infrastructure.
In parallel, the campaign is supported by strategic collaborations with other prominent Web3 players such as Bitget Wallet, Morph, and Tapswap. These platforms represent the wider ecosystem’s commitment to a safer Web3, ensuring that users across wallets, apps, and social experiences are empowered with knowledge and protected by design.
But this isn’t just about tools—it’s about trust. “Scams may adapt, but so will we,” said Gracy Chen, CEO of Bitget. “We’re building for a Web3 future where security isn’t something users hope for—it’s something they’re part of. Anti-Scam Month aligns with our belief that protecting users isn’t just a technical mandate, it’s a shared mission.”
In addition to user-focused engagement, Bitget will publish its 2025 Anti-Scam Report with partners, cybersecurity firm Slowmist, and compliance intelligence platform Elliptic, providing a data-driven examination of the evolving fraud landscape, common attack vectors, and how Bitget’s internal systems are being upgraded to address these threats effectively.
Anti-Scam Month signifies Bitget’s long-term commitment: safety is foundational to the future of cryptocurrency. And in the “dark forest” of Web3, awareness may be the strongest armor we have. The industry is growing, and it’s time our approach to security did too.
During its inaugural Anti-Scam campaign in 2024, Bitget released a report on how Deepfakes may account for 70% of crypto crimes in two years, in addition to running social campaigns in Vietnam to warn about crypto scams and risks. This year, as the cryptospace hits a new benchmark for scams and adoption at the same time, Bitget pledges to work with the global community and renowned security institutions to spread awareness and education.
To join the campaign, visit the Bitget Anti-Scam Hub here.
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
Risk Warning:Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to ourTerms of Use.
BEIJING, June 03, 2025 (GLOBE NEWSWIRE) — QuantaSing Group Limited (NASDAQ: QSG) (“QuantaSing” or the “Company”), a leading lifestyle solution provider empowering adults to live better and longer, today announced that it plans to release its unaudited financial results for the quarter ended March 31, 2025, before the U.S. market opens on Friday, June 6, 2025.
The Company’s management will hold an earnings conference call at 07:00 A.M. Eastern Time on Friday, June 6, 2025 (07:00 P.M. Beijing Time on the same day) to discuss the financial results.
Listeners may access the call by dialing the following numbers:
International: United States Toll Free: Mainland China Toll Free: Hong Kong Toll Free: Conference ID:
1-412-902-4272 1-888-346-8982 4001-201203 800-905945 QuantaSing Group Limited
The replay will be accessible through June 13, 2025 by dialing the following numbers:
International: United States Toll Free: Replay Access Code:
1-412-317-0088 1-877-344-7529 3611954
A live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.quantasing.com.
About QuantaSing Group Limited QuantaSing is a leading lifestyle solution provider that offers engaging, affordable and accessible online and offline services, as well as consumer products in selected areas that address senior users’ wellness aspirations. QuantaSing has expanded into the pop toys sector and continues to strategically diversify its portfolio by capturing opportunities in promising consumer sectors while maintaining financial discipline.
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The significance of Malaysian government bond market – resilience against global backdrop
It has been a challenging first half of the year, as global markets weather multiple episodes of volatility. Risks of higher inflation and slower growth remain major concerns amid trade policy uncertainty. Despite slower global growth and policy easing in some economies, bond yields have not declined in tandem, as investors demand higher term premia to compensate for the heightened risk environment.
Being a small and open market economy, Malaysia is not shielded from this global development. But I am glad to say that the country has been managing this volatility from a position of strength. Domestically, Malaysia’s bond market reached RM2.2 trillion in market size this year. Government bonds which make up nearly 60% of the market continues to grow at a stable pace, reaching about RM1.3 trillion of outstanding issuance as of May 2025. Malaysian government bond yields have been largely stable throughout the year, anchored by resilient domestic demand as well as higher foreign inflows. Domestic demand for government bonds remains robust, driven by both institutional investors and banking institutions.
This is reflected in the primary bond market, where government bond issuances consistently record robust demand. The secondary market is also seeing healthy two-way flows, with higher daily trading volume, amid effective intermediation by market participants and market-making by Principal Dealers. Positive foreign inflows reflect foreign investors’ confidence in the local market which is seen as a stable investment destination in the region. Year-to-date, non-resident holding of our government bonds has increased to around 22% in May 2025 with a significant portion comprising stable and long-term foreign investors.
I would like to attribute this positive development to years of effort by the MOF, BNM and financial market participants, to broaden and deepen the domestic ringgit securities market. Over the years, BNM has undertaken proactive efforts to improve bond market liquidity. This includes to promote an interbank securities-driven repo market and to facilitate bond switching operations for the Government. In addition, the dynamic hedging programme, which debuted in 2016, serves to encourage foreign investor participation in the domestic bond market, by providing market access for institutional investors who wish to actively manage FX exposures of their ringgit assets. We have come a long way in this. It is worth recalling that one of the lessons of the Asian Financial Crisis was the lack of or an underdeveloped government bond market that had exacerbated the crisis. The absence of the domestic risk-free investment avenue led to portfolio investors exiting the domestic currency when volatility and uncertainty were high. Today, I am glad to say that we are no longer in such a position.
Lesson to be learnt from recent global experience
While market development is a crucial element, ultimately, investor confidence and market stability rest upon healthy sovereign credit ratings. Recently, global bond markets have had to weather considerable turbulence as investors grappled with growing fiscal challenges and sovereign ratings downgrade in advanced economies. This situation underscores the importance of responsible governance and prudent fiscal management. It is paramount that we find a balance between providing support and demonstrating fiscal discipline in striving for sustainable economic growth. As such, policymakers must learn from these experiences and prioritise sustainable public finances and pursue structural reforms to safeguard trust and credibility.
For instance, it is important to maintain sound fiscal policy by optimising public spending and generating healthy revenue streams to keep fiscal deficits at a sustainable level. In this regard, the Malaysian Government is committed to fiscal consolidation efforts as reflected in various measures such as tax and subsidy reforms. The enactment of the Fiscal Responsibility Act is also crucial to strengthening governance and institutions in the long term.
In ASEAN, Malaysia alongside our regional peers are working closely to support prudent sovereign debt management by fostering regional cooperation, sustainable infrastructure financing, and resilient financial markets. For example, efforts are being made to facilitate regional economic and debt market integration under the ASEAN Economic Community (AEC) framework. Under the ASEAN Bond Market Initiative, ASEAN member states strive to promote the development of local currency bond markets, channelling regional savings into long-term investments in the region. Meanwhile, the ASEAN+3 Macroeconomic Research Office (AMRO) also plays a crucial role in monitoring ASEAN members’ debt risks and providing policy recommendations. As the ASEAN Chairman this year, Malaysia looks forward to further advancing ASEAN’s aspirations to deepen regional financial integration and advancing a more connected, sustainable, and inclusive ASEAN financial ecosystem.
Opportunities and challenges
Ladies and gentlemen,
The road ahead is marked with challenges, particularly for a small open economy like Malaysia. Exogenous factors such as rising global interest rates may influence the Government’s borrowing costs. This may make debt refinancing relatively costly and could lead to higher debt servicing costs that could impact fiscal sustainability.
It is therefore crucial to maintain a liquid and resilient sovereign bond market, not only to safeguard investor confidence and facilitate efficient public financing, but to also ensure financial stability, which is a core objective shared by both debt managers and central banks alike.
On this note, I would like to highlight the rising role played by alternative instruments such as sukuk in developing a market with both diverse instruments, and a diverse investor base. There is a huge growth opportunity to tap the large and previously underserved base of investors who abide by Islamic finance principles. Malaysia boasts an active sukuk market with 50% of new government bonds being issued in the Islamic structure. As of May 2025, the outstanding government sukuk papers stood at around RM600 billion or 48% of total government bonds. As such, we are happy to work together with interested parties to share our expertise and knowledge and promote further development in this growing sector.
In closing, let me take the opportunity to thank our esteemed moderators, panellists and participants for sharing their insights and expertise over these past two days. I trust that they have led to productive discussions and contributed towards a more efficient and sustainable sovereign debt management practices. I’m sure all of us have useful insights and key takeaways to bring back to our respective countries and organisations.
Congratulations to the organising committee comprising the IMF, the Ministry of Finance, and BNM for organising this successful event. To Miguel and the team at the IMF, on behalf of the organisers, allow me to express our deepest gratitude. We look forward to working again with the IMF to organise forums and exchanges like this one.
It is a pleasure to join you today at this important event organized by the Macedonian American Alumni Association. On this occasion, allow me to share some insights on the topic of regional economic collaboration and its potential to unlock new opportunities for sustainable growth in the Western Balkans region.
Let me begin my address with a dose of realism.Despite 3 decades of transition, economic convergence in the Western Balkans remains low–income is less than half of the EU income, and the progress has been particularly slow since the GFC.In our case, the income level stands at 41% of the EU average. This remains one of the most pressing challenges across the region.In addition, let me add a dose of honesty. This slow progress cannot be attributed solely to recent external shocks. Indeed, the crises of the past few years, such as the global pandemic, energy disruptions, and inflationary pressures, have all undoubtedly taken their toll.These shocks, however, did not create our vulnerabilities, they only exposed them and amplified structural weaknesses that have already existed.Data clearly show that the slowdown in convergence was already in motion well before the recent crises, reflecting cyclical downturns as well as deeper structural challenges.Over the past two decades, the region’s potential growth has nearly halved, from about 5% during 2000-2008 to just 2.5% between 2009 and 2024.Macedonian potential growth fell even more sharply, from 3.1% to 2.3%. It is a fact that the potential growth of the EU economy has declined as well, but less than ours (2.9% to 1.8%), pointing that future convergence may be even more challenging.
What explains the decline in potential and actual growth across the Western Balkans?
The analysis shows that it is broad-based, stemming from weaker contributions from all three key drivers of long-term growth: productivity, labor, and capital.First, productivity has stalled, with productivity levels remaining at approximately half the EU average.This is due to the fact that innovation, technological diffusion, and digital transformation have not kept pace with global shifts. For example, the Global Innovation Index (2024) ranks North Macedonia at the 58th position out of about 130 countries, with the lowest ranking in the R&D segment, where we have invested 10 times less than advanced economies.Second, labor input is weakening too.One in five people born in the WB region is now living abroad, and one in three considers leaving the country (OECD Survey).And finally, the stock of capital remains low at only about 30% of the EU stock, reflecting insufficient investments both in terms of size and quality.
These are not just economic figures.They highlight the persistent gap between the economic achievements so far and the still untapped potential within our economies.
And this is precisely where the power of regional partnership can be harnessed,creating a clear path to accelerate growth.Indeed, empirical research shows that multilateral free trade agreements and regional cooperation can contribute to growth directly, through trade and FDI flows1, and indirectly, through increased productivity2.For example,some studies3 find that CEFTA led to increased trade among members by at least 74%. In addition, evidence4 shows that its implementation has not only deepened trade ties but also contributed to the economic growth of its members.
So, where does the WB region stand today in terms of trade and financial integration?
Well, regarding trade, data shows that despite the progress, regional integration remains low.As of 2024, total intra-regional trade stood at about 11% of the total WB trade, and continued to follow the downward trend that began after the pandemic crisis. In the Macedonian case, trade with WB peers makes up only 14% of our total exports and 9% of imports.These are modest shares indicating significant room for expansionby making trade easier, faster, and cheaper.
When it comes to FDIs,intra-regional FDI flows also remain limited, with a significant portion of investment coming from outside the region, mainly from the EU. In the Macedonian case, investment originating from WB countries accounts for only around 3% of the total FDI inflows over the last decade, which is among the lowest shares in the region.In this context, boosting intra-regional FDI could help diversify investment sources, promote knowledge and technology transfer, and deepen economic linkages in the region.And a more integrated regional market, through the economy of scale, can be a more attractive destination for investments outside the region.
Looking forward, what can be done to further strengthen regional integration and growth prospects?
It appears that there area couple ofpriorities.First,intensify reformsto address common structural issues such as low productivity, capital investments, but also tight labor markets. Recent findings from the Balkan Barometer (2024) indicate that 70% of WB businesses call for public policies specifically designed to keep talent within the region. Then,continue aligning regional regulationsand standards, and eliminating administrative obstaclesto address market fragmentation and increase regional competition. As an example, trucks spend 28 million hours waiting at borders every year – a burden that costs 1% of the region’s GDP. Of course, this has to be done in a way that means aligning withEuropean standards and practices. As the 2024 OECD’s competitiveness data show, since 2018 the policy environments across the WB countries have steadily converged toward EU standards, but the pace of convergence varies across different dimensions and countries. No country has so far reached EU standards in any of the 15 policy dimensions assessed.
One important area, which is within the remit of the central banks,is improving the efficiency of cross-border payments,which can act as engines of growth by facilitating trade, commerce, and tourism. In this regard, a significant milestone was reached earlier this year when our country officially joined the Single Euro Payments Area (SEPA).
No doubt, all these reform efforts are costly, but the EU’s Growth Plan for the Western Balkansintroduces a 6 billion EUR facility in grants and concessional loans, aimed at supporting them. In fact, a Common Regional Market initiative is one of the key pillars of the Growth Plan and is expected to be a catalyst for the deeper integration of 18 million people. Some estimates show that this initiative, through increased harmonization, could add 10% to the GDP of the economies in the region5.
Still, to effectively use the provided funding and implement reforms, thequality of institutions is of key importance. According to the World Bank institutional quality indicators, our country ranks slightly above the average for the WB region, but if we compare the entire region with developed countries, a significant gap is evident. Empirical research has shown that in lower-income countries, strengthening institutions has a significant positive contribution to higher economic growth.
To conclude, the path to sustainable and inclusive growth in the Western Balkans does not lie in isolation, but in collaboration.As the well-known Japanese poet Satoro wisely said, “Individually, we are one drop. Together, we are an ocean.”
In a major step to support Agniveers after their short-term military service, the Uttar Pradesh government has approved a 20 percent reservation for them in recruitment for various posts in the state police force and the Provincial Armed Constabulary (PAC).
The decision was taken during a cabinet meeting chaired by Chief Minister Yogi Adityanath on Tuesday.
According to the official statement, the reservation will apply to recruitment in categories such as constable (civil police), constable PAC, mounted police, and fireman. The move is aimed at providing employment opportunities to Agniveers who will complete their four-year tenure under the Agnipath scheme.
The Agnipath scheme, launched by the Centre in June 2022, allows youth to serve in the armed forces for a period of four years. While 25 percent of Agniveers are to be absorbed into regular military service, the remaining 75 percent are released from duty after their term. The first batch of Agniveers is expected to complete its term in 2026.
To further aid their transition into civilian life, the UP government has also decided to grant age relaxation of up to three years for Agniveers applying for these police and PAC posts.
According to reports, the Uttar Pradesh Police is expected to announce recruitment for nearly 28,000 posts soon, including positions such as sub-inspector, jail warden, computer operator, and more. With this new provision, Agniveers will be eligible to apply for a substantial number of these positions.
Uttar Pradesh joins Haryana in offering post-service support to Agniveers. Earlier, the Haryana government also approved 20 percent reservation for Agniveers in several government jobs.
The move is being seen as a crucial step in providing job security to youth who have served in the armed forces under the new military recruitment framework, while also strengthening the manpower in state police departments.
As Samsung Solve for Tomorrow Season 4 sweeps across the nation, its message is clear – innovation is not confined to metro cities; it belongs to every young dreamer with a problem to solve. After energizing campuses in the North, South, and North-East, the programme has now reached the states of Bihar and Jharkhand, drawing hundreds of students into the fold of purposeful innovation.
At the heart of this new chapter were three prestigious institutions in Ranchi Gossner College, St. Xavier’s College, and Marwari College where design thinking open houses transformed classrooms into idea labs. Meanwhile, students from IIT Patna joined virtually, proving that geography is no barrier when it comes to shaping India’s future.
For Suraj, a student from Marwari College, the workshop was an eye-opener. “It was the first time I saw how structured thinking could turn the problems around me into actual projects. I’ve always been aware of local issues — lack of sanitation, waste management — but now I feel equipped to do something about them,” he said, his notebook filled with early sketches of a waste-segregation solution designed for small towns.
At Gossner College, the energy was electric as students engaged in empathy mapping and rapid prototyping. Neha, who is pursuing her graduation, couldn’t stop smiling as she shared her idea to build a low-cost, solar-powered attendance system for rural schools. “This workshop showed me how ideas can grow when you collaborate and think beyond the obvious,” she said. “It gave me the courage to believe my solution can work — not just in Ranchi but in every village with a chalkboard.”
Samsung Solve for Tomorrow is a nationwide contest designed to inspire students to create innovative solutions to address some of society’s most pressing challenges by leveraging technology.
Samsung ‘Solve for Tomorrow 2025’ will provide INR 1 crore to the top four winning teams to support the incubation of their projects, along with hands-on prototyping, investor connects, and expert mentorship from Samsung leaders and IIT Delhi faculty.
Prashant, who joined the online session from IIT Patna, was deeply moved by the larger purpose behind Solve for Tomorrow. “It’s not just about tech or startups. It’s about building the India we want to live in. I want to create a platform that helps farmers access real-time data about soil health and crop cycles — something my own family has struggled with,” he shared.
In every city Solve for Tomorrow has touched, it has brought with it not just tools and techniques, but also belief. In St. Xavier’s College, Adnan, a computer science undergraduate, found his mission. “There’s so much talk about AI and automation — but very little about using it for people at the margins. I’m working on a chatbot that can assist elderly people in accessing government healthcare schemes. This programme made me realise that innovation is not just a Silicon Valley word. It belongs to us too.”
A Movement for Nation Building
Since its launch on April 29, Solve for Tomorrow has rapidly grown from a competition to a nation-building movement. With students from metros, towns, and heartland cities like Ranchi and Patna now thinking critically, ideating boldly, and designing empathetically, the next generation of changemakers is rising — from every corner of the country.
Samsung Solve for Tomorrow is not just nurturing ideas — it’s nurturing a mindset. A belief that young Indians, no matter where they come from, have what it takes to solve for India and the world.
The Hong Kong Police Force, in collaboration with its counterparts in Macau, Malaysia, the Maldives, Singapore, South Korea and Thailand, conducted the first joint operation of FRONTIER+, a cross-boundary anti-scam platform.
During the month-long operation that began on April 28, 1,858 individuals were arrested, involving 9,268 cases of online shopping scams, telephone deceptions, investment scams, rental scams and employment scams, with a total loss amounting to US$225 million.
Moreover, 32,607 bank accounts were frozen and approximately US$20 million in fraudulent funds were intercepted, effectively disrupting criminal cash flows.
At a press conference this afternoon, Hong Kong Police Force Commercial Crime Bureau Chief Superintendent Wong Chun-yue said investigations revealed that scams across different jurisdictions showed notable similarities.
For instance, the impersonation of customer service representatives emerged as a widespread scam tactic in Hong Kong in 2024, and became less prevalent in 2025 after police intervention. Also in 2025, similar fraudulent schemes employing identical scripts and excuses began to appear in Singapore and Macau.
This observation underscores the critical need for cross-jurisdictional collaboration and intelligence sharing to combat scam syndicates effectively, Mr Wong pointed out.
Established by various anti-scam centres in October 2024, FRONTIER+ now comprises 10 countries and regions, including Australia, Canada, the Hong Kong Special Administrative Region, Indonesia, the Macao SAR, Malaysia, the Maldives, Singapore, South Korea and Thailand.
By strengthening intelligence exchange and co-ordinated actions, the platform aims to combat scams, cyber-related crimes and money laundering. It will continue to conduct real-time intelligence analysis and sharing, carry out cross-boundary joint operations, and expand its network by inviting more countries and regions to join, in order to enhance enforcement efficiency.
Union Minister of State for Defence, Sanjay Seth, on Tuesday announced a major expansion of the National Cadet Corps (NCC), with plans to add three lakh new cadets across the country.
The announcement came during the inauguration of a conference of Special Joint State Representatives and Additional/Deputy Directors General (JS R&A/D) of the NCC in Bhopal.
Speaking at the event, Seth emphasized the NCC’s role in nation-building and youth development. “The NCC instills a spirit of nationalism and service. Prime Minister Narendra Modi has resolved to raise the number of cadets to between 17 and 20 lakh. With support from all states, we will soon achieve this target,” he said.
According to a statement from the Ministry of Defence, several states have already expressed support for the initiative and have committed to fast-tracking the development of training infrastructure.
Seth also highlighted new initiatives such as the recruitment of ex-servicemen as instructors, noting that it creates employment opportunities for military veterans.
He lauded the NCC’s active participation in national missions such as the Swachh Bharat Abhiyan, Naya Savera scheme, and the Nasha Mukti Abhiyan. The minister also congratulated the NCC’s Mount Everest Expedition team, which successfully reached the summit on May 18, calling it “a powerful example of cadet courage and resilience.”
Underscoring the importance of centre-state cooperation, Seth urged state governments to fulfill their commitments in terms of manpower, infrastructure, and funding to ensure the success of the NCC expansion plan.
During the event, Director General of NCC, Lt Gen Gurbirpal Singh, outlined the organisation’s achievements and future plans. He stressed the need for robust training and camping infrastructure nationwide and emphasized efforts to boost youth participation and enhance cadet performance.
Finance Minister Nirmala Sitharaman on Tuesday asked the Directorate of Revenue Intelligence (DRI) to adopt a holistic and technology-driven approach to tackle smuggling and narcotics trade amid increasingly complex geopolitical environment and security threats.
In her address at the inaugural event of the DRI’s new headquarters, the Finance Minister said there was a need to go beyond surface-level enforcement and focus on uncovering deeper systemic threats.
“Investigate holistically, keeping the big picture in mind, leverage all available resources to uncover deeper systemic risks and threads by connecting the dots,” she said.
She emphasised that dismantling the entire smuggling syndicates must be the end-goal of any investigation, which must not stop at peripheral seizures.
“It’s no good if you catch the small fish. The bigger smuggling chain has to be tracked and acted upon. We must take down those nefarious chains,” she added.
Sitharaman identified narcotics as the most serious national threat and called for urgent coordination with state law enforcement agencies to prevent schools and colleges from being targeted by drug traffickers.
She also underlined the importance of internal collaboration: “Internal coordination, when well managed, makes outcomes better.”
The Finance Minister cited PM Modi’s ‘Reform, Perform and Transform’ mantra as the spirit with which the enforcement agencies should move forward.
She spelt out three guiding principles for the agency’s approach: the rules must be applied fairly, public confidence in the trade system must be maintained, and the enforcement must be intelligent and high-impact.
“Value- and trust-based compliance is important, not fear-induced compliance,” Sitharaman pointed out.
She highlighted the need for deeper and faster integration of modern technology into enforcement frameworks. “There’s a lot of talk around AI, but I now want to see concrete output using AI,” she said, pressing for data-driven, intelligence-led action. “More modern technology use needs to be deeply and well integrated into the system – data analytics and so on,” she added.
The tobacco epidemic is one of the biggest public health threats the world has ever faced, killing over 8 million people a year globally.
In February 2025, WHO marked the 20th anniversary of its Framework Convention on Tobacco Control (FCTC), providing a legal framework and comprehensive package of tobacco control measures. The WHO FCTC now has 182 Parties covering more than 90% of the world’s population.
In 2007, WHO introduced a practical, cost-effective initiative to scale up implementation to reduce tobacco use called MPOWER. Today, 5.6 billion people are covered by an MPOWER measure which includes: monitor tobacco use and prevention policies; protect people from tobacco use; offer help to quit tobacco use; warn about the dangers of tobacco; enforce bans on tobacco advertising, promotion and sponsorship; and raise taxes on tobacco.
MPOWER has helped to reduce global deaths from tobacco use and created a global partnership on tobacco control focused on supporting the highest burden countries in the world, with WHO recognized as a global leader.
Thanks to commitment and powerful action in countries, and with support from key donors, tobacco use is declining across all WHO regions. Here are some stories from across the WHO regions demonstrating the impact of WHO’s work in this area.
Tobacco free farms in Kenya and Zambia
Tobacco free farmer from Migori County, Kenya. Photo by: WHO
A record 349 million people are facing acute food insecurity globally. Food insecurity is further exasperated by tobacco production. Tobacco is grown in over 124 countries, taking up 3.2 million hectares of fertile land that could be used to grow food. Tobacco farmers often lack the confidence to shift away from tobacco due to market variability for alternative crops.
WHO, in collaboration with partners, launched the Tobacco-Free Farms initiative in 2021 in Kenya and 2023 in Zambia.
The initiative has supported over 8 600 farmers in Kenya and over 500 farmers in Zambia.
The initiative seeks to move smallholder farmers away from tobacco growth and into nutritious food crops, by creating an ecosystem which could improve household food security and income generation. It may simultaneously add value to farmers’ land through rehabilitation of climate smart and other good agricultural practices.
First ever WHO treaty marks 20 years of saving millions of lives worldwide
Since the entry into force of the WHO Framework Convention on Tobacco Control (WHO FCTC) and the MPOWER technical package that supports it, global tobacco use prevalence has dropped by one-third. The WHO FCTC has helped to save millions of lives through strengthened tobacco control measures around the world.
Up to 5.6 billion people are now covered by at least one tobacco control policy and studies have shown a decline in global smoking rates. 138 countries require large pictorial health warnings on cigarettes packages because of the Convention and dozens more countries have implemented plain packaging rules on cigarette packages. Both measures serve as powerful tools to reduce tobacco consumption and warn users about the dangers of tobacco use.
Over a quarter of the world’s population is now covered by smoke free policies which require bans in indoor and workspaces, saving millions of lives from the dangers of the second-hand smoke.
More than 66 countries have implemented bans on tobacco advertising, promotion and sponsorship which include bans on tobacco advertising in the media and sponsorship deals.
In 2022, WHO trained 157 law enforcement officers and 15 national trainers from five districts in Uganda to raise awareness and help enforce the smoking ban in public places. Photo by: WHO
In 2007, Uganda signed the WHO Framework Convention on Tobacco Control, a legally binding treaty that requires countries to implement evidence-based measures to reduce tobacco use and exposure to tobacco smoke. In 2015, the country passed its Tobacco Control Act, which regulates tobacco products and their use, including in public places.
These dual interventions have delivered notable results. Between 2014 to 2022, Uganda saw a 51% drop in the prevalence of tobacco use.
WHO played a key role in supporting the Ugandan government’s efforts, building the capacity of tobacco control focal people in government entities since 2015.
Legal measures drive down rates of tobacco use in Mauritania
“Quitting smoking is the best decision I’ve ever made for my health and I’m very proud of it,” says Ifrah. “Giving up smoking is difficult, but not impossible. With willpower and determination, it can be done.” Photo by: WHO
In 2018, Mauritania introduced legislation in line with WHO recommendations stipulating that all tobacco products on sale in Mauritania must carry a health warning covering at least 70% of the surface area of both sides of the packaging.
These legal steps to introduce graphic health warnings on tobacco packaging are changing the status quo. The 2021 Global Adult Tobacco Survey (GATS) shows that between 2012 and 2021, tobacco use in Mauritania has declined by 8%, from 18% to 10%. Nearly 25% of smokers in Mauritania first noticed health warnings on cigarette packages, while 14% of smokers thought about quitting because of warning labels.
With WHO support, Mauritania’s Health Ministry has provided tobacco control training to 15 regional governors. Mauritania is also implementing awareness campaigns around the dangers of tobacco consumption, a ban on smoking in public places, and the introduction of tobacco taxes.
Pan American Health Organization hosts regional workshop to implement effective tobacco tax policies
Tobacco use remains one of the leading causes of preventable death in Latin America, contributing to high rates of non-communicable diseases. Despite clear evidence that tobacco taxation is one of the most effective public health interventions to reduce consumption, its use is still limited in many Latin American countries.
PAHO/WHO, with partners brought together policymakers from 15 countries to participate in the 3-day workshop, “Advancing Tobacco Taxes in Latin America”.
The meeting focused on addressing the ongoing public health and economic challenges posed by tobacco consumption in Latin American countries, emphasizing the potential of tobacco taxes as a cost-effective tool to reduce the burden of tobacco use. Participants included delegates from ministries of health and finance from Argentina, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, Guatemala, Mexico, Panama, Paraguay, Peru, Uruguay and Venezuela.
Ministry of Health and WHO release Global Adult Tobacco Survey Indonesia Report
The Global Adult Tobacco Survey (GATS) Indonesia Report 2021 presents detailed information on tobacco use and key tobacco control indicators, using globally standardized protocols and methodologies. The report found that 34.5% of adults – 70.2 million people – used tobacco. Use of electronic cigarettes increased by 10 times in the last 10 years, from 0.3% in 2011 – when the last GATS was conducted – to 3% in 2021.
Across Indonesia, WHO continues to advocate for implementation of strong tobacco control measures. This includes increased taxation of tobacco products, expansion of subnational bans on tobacco advertising, promotion and sponsorship, and stronger, more effective implementation and enforcement of smoke-free policies.
WHO encourages policy makers and public health researchers in Indonesia and globally to access and utilize the GATS Indonesia Report 2021, to better control tobacco and achieve a healthier, more sustainable future for all.
World No Tobacco Day 2024 in Thailand: protecting children from tobacco industry interference
Every year on 31 May, World No Tobacco Day highlights the dangers of tobacco use, exposes harmful business practices of tobacco companies, and empowers individuals to claim their right to health and protect future generations.
In Thailand, a troubling trend is rising among the youth: the growing popularity of e-cigarettes and vaping, driven by aggressive marketing and appealing designs. A sharp rise in e-cigarette use was observed amongst Thai school-aged children (13–15 years), with prevalence increasing from 3.35% in 2015 to 17.6% in 2022, despite the sale of e-cigarettes being banned in Thailand. Children and young people are aggressively targeted through marketing that relies heavily on social media and influencers.
The campaign exposed the tobacco industry’s deceptive practices and the real dangers of e-cigarettes, aiming to empower Thai youth to resist the lure of smoking and vaping. WHO urged all stakeholders – readers, parents, educators, policymakers – to unite in this fight, support anti-smoking campaigns, advocate for strict regulations, and educate communities to protect youth and secure a smoke-free future.
Towards a tobacco-free Jordan: launch of national strategy to combat tobacco and smoking
Minister of Health in Jordan delivering speech at the National Strategy to combat tobacco and smoking in all its forms launch. Photo by: WHO
Jordan’s Ministry of Health, with support from WHO, officially launched the National Strategy to Combat Tobacco and Smoking in All Its Forms 2024–2030 and an accompanying action plan for 2024–2026. The landmark launch event was held on 6 June 2024 under the patronage of His Excellency Prime Minister of Jordan Dr Bisher Khasawneh.
A startling 66.1% of males in Jordan are smokers, according to the 2019 Jordan National Stepwise Survey. A further 15.9% of males use electronic cigarettes. According to the WHO global report on trends in prevalence of tobacco use 2000–2030, published in 2023, Jordan is one of just 6 countries globally where tobacco use is still growing.
The Ministry of Health developed the strategy in collaboration with the WHO Country Office in Jordan and incorporated contributions from various ministries, nongovernmental organizations and international experts. This approach has ensured that the strategy is a comprehensive, evidence-based road map tailored to the Jordanian context.
WHO Director-General congratulates the Philippines on its progress in tobacco control, 10 years since the signing of the Sin Tax Reform Law
In January 2023 in Manila, legislators of the Philippine Government, members of the Action for Economic Reforms and the Sin Tax Coalition, and representatives from WHO, development partners and civil society organisations marked the 10th anniversary of the passage of Republic Act 10351 or the Sin Tax Reform Law.
WHO Director-General Dr Tedros Adhanom Ghebreyesus congratulated the Philippines on putting this tax reform and other measures in place for tobacco control. As a result of the many measures taken, tobacco use has dropped from 30% in 2009 to 20% in 2021.
“The taxes are having a clear impact. More smokers are trying to quit because of the high price of cigarettes. The Philippines is a great example for other countries of how raising tobacco taxes can save lives, reduce health costs, and raise revenues”, said Dr Tedros.