Source: Asia Development Bank
In a fast-changing and uncertain world, countries must solve complex challenges to forge a sustainable future. At ADB’s 58th Annual Meeting in Milan, Italy, a broad range of partners and stakeholders will discuss how shared solutions can deliver stability, progress, and lasting positive change in Asia and the Pacific.
Source: United Nations (Video News)
Press Conference: Asim Iftikhar Ahmad (Pakistan) on the latest regional situation in South Asia.
Source: Government of India
Posted On: 02 MAY 2025 3:12PM by PIB Delhi
India’s total exports have touched an all-time high of US$824.9 billion in the financial year 2024–25, as per the latest data released by the Reserve Bank of India on services trade for March 2025. This marks a growth of 6.01% over the previous year’s export figure of US$778.1 billion, setting a new milestone in the country’s trade trajectory.
Services exports continued to drive the growth momentum, reaching a historic high of US$387.5 billion in 2024–25, up 13.6% from US$341.1 billion in the previous year. For March 2025, services exports stood at US$35.6 billion, reflecting a year-on-year growth of 18.6% compared to US$30.0 billion in March 2024.
In 2024–25, merchandise exports excluding petroleum products rose to a record US$374.1 billion, registering a 6.0% increase from US$352.9 billion in 2023–24 — the highest ever annual non-petroleum merchandise exports.
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Abhishek Dayal/Abhijith Narayanan
(Release ID: 2126119) Visitor Counter : 44
Source: Government of India
Posted On: 02 MAY 2025 2:58PM by PIB Delhi
Coal production from captive and commercial mines in the country stood at 14.01 million tonnes (MT) in April 2025, while coal dispatch was recorded at 16.81 million tonnes (MT), reflecting a robust start to FY 2025–26.
This marks a notable year-on-year growth compared to April figures from FY 2023- 24 and FY 2022-23, underlining the sector’s upward trajectory. The attached graph clearly illustrates the consistent performance improvement across three consecutive years, with both production and dispatch showing strong gains.
The Ministry attributes this success to continuous policy interventions, close monitoring, and handholding of stakeholders to fast-track operational clearances and enhance production capacity. One of the key contributors to this achievement is the commencement of operations in newly developed coal blocks:
Going forward, the Ministry of Coal reaffirms its commitment to unlocking the full potential of captive and commercial coal mining in India. The focus remains on ensuring seamless production, minimizing supply disruptions, and contributing significantly to the country’s growing energy demand.
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Shuhaib T
(Release ID: 2126112) Visitor Counter : 56
Source: Hong Kong Government special administrative region
The Financial Secretary, Mr Paul Chan, will depart for Milan, Italy, in the early hours of May 4 (Sunday) to attend the 58th Annual Meeting of the Asian Development Bank (ADB). The theme of this year’s meeting is “Sharing Experience, Building Tomorrow”, focusing on development issues and challenges facing the Asia-Pacific region, such as climate change, digital transformation, and promoting mutually beneficial co-operation and inclusive economic growth. Mr Chan will deliver remarks at the Governor’s Plenary.
He will also meet with the President of the ADB, Mr Masato Kanda, and financial officials from other countries and regions attending the meeting.
Mr Chan will return to Hong Kong on May 7 (local time) and arrive on the morning of May 8. During his absence, the Deputy Financial Secretary, Mr Michael Wong, will act as the Financial Secretary.
Source: Government of India
Posted On: 02 MAY 2025 2:50PM by PIB Delhi
Holy Relics of Lord Buddha, accompanied by Union Minister of Minority Affairs and Parliamentary Affairs Shri Kiren Rijiju, Minister of Tourism and Culture of Andhra Pradesh Shri Kandula Durgesh, revered monks and senior officials from India arrived in Ho Chi Minh City today morning by a special Indian aircraft. The visit is taking place in the context of the United Nations (UN) Day of Vesak celebrations being hosted by Vietnam from 6-8 May 2025.
The Holy Relics and the Minister were received by Dao Ngoc Dung, Minister of Religious and Ethnic Affairs of Vietnam, Duong Ngoc Hai, Standing Vice-Chairman of Ho Chi Minh City People’s Committee, Supreme Patriarch of Vietnam Buddhist Sangha Thích Trí Quảng and venerable monks of Vietnam Buddhist Sangha. Special ceremonial prayers were held at the airport on arrival followed by prayers led by the Supreme Patriarch of Vietnam Buddhist Sangha and the enshrinement of the Holy Relics at Thanh Tam Monastery, Ho Chi Minh City. On the occasion, a sapling of the Sacred Bodhi tree brought from India was planted by the visiting Minister from India and the Supreme Patriarch of Vietnam Buddhist Sangha at the Buddhist University, Ho Chi Minh City. The Holy Relics will be at the Thanh Tam Monastery from 2-7 May 2025 followed by their exposition at Tay Ninh, Ha Noi and Ha Nam provinces till 21 May 2025.
The Holy Relics of Lord Buddha have travelled from the Sacred site of Sarnath, the venue of the first sermon by Lord Buddha. The Relics have been provided through the Mahabodhi Society of India and the National Museum of the Government of India with the support of the International Buddha Confederation. The Holy Relics hold special significance for the Buddhist Community around the world and are visiting Vietnam for the first time. The Vietnam Buddhist Sangha with the kind cooperation of the Government of Vietnam have extended local support for the Holy Relics in Vietnam as per mutual arrangements between the two countries.
In the context of the UN Day of Vesak and deep connections between India and Vietnam, a specially curated exhibition about historical linkage relating to Buddhist spiritual beliefs and arts and culture dating back about two millennia will also be displayed during the UN Day of Vesak at Vietnam Buddhist University, Ho Chi Minh City. Further, an Indian cultural group will travel from India to present a special dance-drama “The Journey of Gautama Buddha” representing the life and messages of Shakyamuni Buddha in Ho Chi Minh City, Tay Ninh, Ha Noi and other locations between 5-13 May 2025.
India treasures the strong bonds between the people of India and Vietnam and wish that the visit of Holy Relics to Vietnam and other related activities will further deepen these close ties between India and Vietnam.
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SS/ISA
(Release ID: 2126109) Visitor Counter : 44
Source: Government of India
Posted On: 02 MAY 2025 2:39PM by PIB Mumbai
Mumbai, 2 May 2025
WAVES 2025 is a watershed moment in the Media and Entertainment landscape of India and the event will witness the release of a key Report titled “Legal Currents: A Regulatory Handbook on India’s Media & Entertainment Sector 2025.” Prepared by Khaitan & Co., one of the knowledge partners of WAVES 2025, the Report outlines the regulatory frameworks that continue to shape and unleash the growing potential of India’s vibrant Media & Entertainment ecosystem.
The legal guide comes at a crucial moment as India’s M&E industry undergoes unprecedented transformation, driven by regulatory frameworks that have enabled industry participants to leverage their skills and technological innovation across broadcasting and infotainment, gaming, AI, digital media and films. Along with a rapid increase in internet accessibility and shifts in Indian content consumption, India is undergoing a digital transformation facilitated by proactive and receptive governance. The Government has optimised and eased regulatory processes for sectors such as print and linear broadcasting on television and radio, which still command a significant audience within India.
The handbook covers key Government initiatives and legal interventions that have incentivised and streamlined the legal roadmap for market entry, collaboration and operations by foreign players. The Central and state Governments have also introduced production and co-production incentive schemes, positioning India as a premier destination for content creation.
In key sectors such as advertising, online gaming, and digital media, a collaborative partnership has evolved between industry bodies and the Government, providing operational flexibility for stakeholders while ensuring legal compliance.
As India strengthens its position as a global content hub, this handbook is aimed to serve as a vital resource for stakeholders in the vibrant, tech-driven M&E space.
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PIB TEAM WAVES 2025 | Rajith/ Poushali/ Darshana | 143
(Release ID: 2126108) Visitor Counter : 24
Source: Government of India
Posted On: 02 MAY 2025 2:36PM by PIB Mumbai
Mumbai, 2 May 2025
India’s rise as a global content powerhouse is the focus of the report “A Studio Called India” by Ernst & Young which will be unveiled tomorrow at WAVES 2025 in Mumbai. The report underlines India’s growing influence in the global media and entertainment (M&E) landscape, driven by its expanding digital market, cultural diversity, and advanced production capabilities:
The report aims to highlight India’s impressive growth and innovation in the M&E sector, positioning the country as a leader in global content creation. India is rapidly becoming a global content hub, driven by its expanding digital market, diverse cultural and linguistic heritage, and rich storytelling traditions that resonate with audiences worldwide.
Key highlights of the Report will include:
Talent pool expansion: The M&E sector employs 2.8 million people directly, with an additional 10 million in indirect employment. India’s scalable talent advantage is bolstered by its diverse cultural and linguistic landscape, fostering a thriving content ecosystem.
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PIB TEAM WAVES 2025 | Rajith/ Lekshmipriya/ Darshana | 142
(Release ID: 2126107) Visitor Counter : 21
Source: Government of India
Posted On: 02 MAY 2025 2:33PM by PIB Mumbai
Mumbai, 2 May 2025
India’s digital landscape is undergoing a significant transformation driven by the rise of its creator economy. A new report by the Boston Consulting Group (BCG), titled “From Content to Commerce: Mapping India’s Creator Economy”, set to be launched tomorrow (3rd May 2025) at WAVES 2025 in Mumbai,will reveal that India’s creators currently influence over $350 billion in consumer spending annually — a figure expected to surpass $1 trillion by 2030.
The report highlights that India is home to 2 to 2.5 million active digital creators, defined as individuals with over 1,000 followers. Despite the scale, only 8–10% of them currently monetize their content effectively, underscoring the untapped potential of this fast-growing sector. The creator ecosystem’s direct revenues, estimated at $20–25 billion today, are projected to reach $100–125 billion by the end of the decade.
Key insights from the report will include:
The BCG report will be officially released during WAVES 2025 in Mumbai tomorrow. Discussions at the ongoing mega event WAVES 2025 on the emerging contours of AI, Social Media, AVGC Sector and Films reflect India’s expanding footprint in the Digital Media sphere.
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PIB TEAM WAVES 2025 | Rajith/ Lekshmipriya/ Darshana | 141
(Release ID: 2126106) Visitor Counter : 18
Source: Government of India
Posted On: 02 MAY 2025 2:29PM by PIB Mumbai
Mumbai, 2 May 2025
WAVES 2025 to witness the release of Statistical Handbook on Media and Entertainment Sector 2024-25 of Ministry of Information and Broadcasting, tomorrow. This is part of Government’s affirmation of the need for timely, reliable, authentic and comprehensive data on the M&E Sector as Media and Entertainment is an important component of the service sector having huge potential to contribute to growth of the economy of the country. Media & Entertainment ecosystem is a sunrise sector expected to grow at 7% CAGR to reach 3067 billion INR in 2027 as per the latest estimate. Various policy initiatives taken and its implementation need to be backed by appropriate data to have the optimum outcome.
Keeping in view the data requirement of the Ministry and other stakeholders in the sector, the Statistical Handbook on Media & Entertainment sector 2024-25, with the updated data and information on different segments of M&E sector will be launched at WAVES 2025 tomorrow.
A few snippets from the Statistical Handbook on Media & Entertainment sector 2024-25 are as follows:
In addition to statistical data, information on the following is also available in the Handbook:
Ease of Doing Business initiatives by Ministry of Info & Broadcasting including Transformative Portals.
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PIB TEAM WAVES 2025 | Rajith/ Lekshmipriya/ Darshana | 140
(Release ID: 2126105) Visitor Counter : 22
Source: Hong Kong Government special administrative region
Interest rate for sixth interest payment of series of retail green bonds due 2025
According to the Issue Circular dated April 26, 2022 for the Retail Green Bonds, the sixth interest payment of the Retail Green Bonds is scheduled to be made on May 19, 2025, and the relevant interest rate is scheduled to be determined and announced on May 2, 2025 as the higher of the prevailing Floating Rate and Fixed Rate.
On May 2, 2025, the Floating Rate and Fixed Rate are as follows:
Floating Rate: +1.50 per cent (Annex)
Fixed Rate: +2.50 per cent
Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the sixth interest payment is determined and announced as 2.50 per cent per annum.
Issued at HKT 16:30
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Source: Hong Kong Government special administrative region
The Census and Statistics Department (C&SD) released today (May 2) the advance estimates on Gross Domestic Product (GDP) for the first quarter of 2025.
According to the advance estimates, GDP increased by 3.1% in real terms in the first quarter of 2025 over a year earlier, compared with the increase of 2.5% in the fourth quarter of 2024.
Analysed by major GDP component, private consumption expenditure decreased by 1.2% in real terms in the first quarter of 2025 from a year earlier, compared with the decrease of 0.2% in the fourth quarter of 2024.
Government consumption expenditure measured in national accounts terms recorded an increase of 1.2% in real terms in the first quarter of 2025 over a year earlier, compared with the increase of 2.1% in the fourth quarter of 2024.
Gross domestic fixed capital formation increased by 2.8% in real terms in the first quarter of 2025 over a year earlier, as against the decrease of 0.7% in the fourth quarter of 2024.
Over the same period, total exports of goods measured in national accounts terms recorded an increase of 8.7% in real terms over a year earlier, much faster than the increase of 1.3% in the fourth quarter of 2024. Imports of goods measured in national accounts terms grew by 7.4% in real terms in the first quarter of 2025, compared with the increase of 0.4% in the fourth quarter of 2024.
Exports of services rose further by 6.6% in real terms in the first quarter of 2025 over a year earlier, after the increase of 6.5% in the fourth quarter of 2024. Imports of services increased by 6.2% in real terms in the first quarter of 2025, compared with the increase of 8.3% in the fourth quarter of 2024.
On a seasonally adjusted quarter-to-quarter comparison basis, GDP increased by 2.0% in real terms in the first quarter of 2025 when compared with the fourth quarter of 2024.
Commentary
A Government spokesman said that the Hong Kong economy expanded solidly in the first quarter of 2025. According to the advance estimates, real GDP grew by 3.1% over a year earlier, picking up from the 2.5% growth in the preceding quarter. On a seasonally adjusted quarter-to-quarter basis, real GDP grew visibly by 2.0%.
Analysed by major expenditure component, total exports of goods posted accelerated growth amid sustained external demand. Exports of services continued to expand, supported by the increase in visitor arrivals and other cross-boundary economic activities. Overall investment expenditure grew in tandem with the economic expansion. However, private consumption expenditure registered a small decline, reflecting the lingering impact of changes in residents’ consumption patterns.
Looking ahead, as global trade tensions escalated abruptly in early April due to the significant increases in import tariffs imposed by the US, the downside risks surrounding the global economy have heightened visibly. The extremely high levels of trade policy uncertainty will dampen international trade flows and investment sentiment, which in turn overshadow the near-term outlook for the Hong Kong economy. Nonetheless, the sustained steady growth of the Mainland economy, together with the Government’s various measures to promote economic growth and expand into more diversified markets, will lend support to various economic activities in Hong Kong.
The revised figures on GDP and more detailed statistics for the first quarter of 2025, as well as the revised GDP forecast for 2025, will be released on May 16, 2025.
Further information
The year-on-year percentage changes of GDP and selected major expenditure components in real terms from the first quarter of 2024 to the first quarter of 2025 are shown in Table 1.
When more data become available, the C&SD will compile revised figures on GDP. The revised figures on GDP and more detailed statistics for the first quarter of 2025 will be released at the C&SD website (www.censtatd.gov.hk/en/scode250.html) and the Gross Domestic Product by Expenditure Component report (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1030001&scode=250) on May 16, 2025.
For enquiries about statistics on GDP by expenditure component, please contact the National Income Branch (1) of the C&SD (Tel: 2582 5077 or email: gdp-e@censtatd.gov.hk).
Source: Hong Kong Government special administrative region
The Census and Statistics Department (C&SD) released the latest figures on retail sales today (May 2).
The value of total retail sales in March 2025, provisionally estimated at $30.1 billion, decreased by 3.5% compared with the same month in 2024. The revised estimate of the combined value of total retail sales in January and February 2025 decreased by 7.8% compared with the same period a year earlier. For the first quarter of 2025, it was provisionally estimated that the value of total retail sales decreased by 6.5% compared with the same period in 2024.
Of the total retail sales value in March 2025, online sales accounted for 8.1%. The value of online retail sales in that month, provisionally estimated at $2.4 billion, decreased by 0.5% compared with the same month in 2024. The revised estimate of the combined value of online retail sales in January and February 2025 decreased by 2.4% compared with the same period a year earlier. For the first quarter of 2025, it was provisionally estimated that the value of online retail sales decreased by 1.7% compared with the same period in 2024.
After netting out the effect of price changes over the same period, the provisional estimate of the volume of total retail sales in March 2025 decreased by 4.8% compared with a year earlier. The revised estimate of the combined volume of total retail sales in January and February 2025 decreased by 9.9% compared with the same period a year earlier. For the first quarter of 2025, the provisional estimate of the total retail sales decreased by 8.3% in volume compared with the same period in 2024.
Analysed by broad type of retail outlet in descending order of the provisional estimate of the value of sales and comparing March 2025 with March 2024, the value of sales of jewellery, watches and clocks, and valuable gifts decreased by 3.9%. This was followed by sales of wearing apparel (-10.8% in value); commodities in department stores (-5.0%); motor vehicles and parts (-46.4%); fuels (-3.9%); footwear, allied products and other clothing accessories (-7.7%); Chinese drugs and herbs (-1.0%); books, newspapers, stationery and gifts (-0.9%); furniture and fixtures (-17.3%); and optical shops (-2.7%).
On the other hand, the value of sales of other consumer goods not elsewhere classified increased by 0.6% in March 2025 over a year earlier. This was followed by sales of commodities in supermarkets (+5.2% in value); medicines and cosmetics (+1.2%); food, alcoholic drinks and tobacco (+7.8%); and electrical goods and other consumer durable goods not elsewhere classified (+6.7%).
Based on the seasonally adjusted series, the provisional estimate of the value of total retail sales increased by 3.8% in the first quarter of 2025 compared with the preceding quarter, while the provisional estimate of the volume of total retail sales increased by 2.2%.
Commentary
A government spokesman said that the value of total retail sales increased further in March 2025 over the preceding month on a seasonally adjusted comparison, and its year-on-year decline continued to narrow. For the first quarter as a whole, the value of total retail sales resumed an increase over the preceding quarter on a seasonally adjusted comparison.
Looking ahead, the spokesman said the sustained steady growth of the Mainland economy, the Government’s proactive efforts to boost the consumption market through promotion of tourism and mega events, as well as the increase in employment earnings will continue to support the retail sector. However, the increased level of uncertainty in the global economic outlook and the ongoing impact of the change in consumption patterns will pose challenges to the sector.
Further information
Table 1 presents the revised figures on value index and value of retail sales for all retail outlets and by broad type of retail outlet for February 2025 as well as the provisional figures for March 2025. The provisional figures on the value of retail sales for all retail outlets and by broad type of retail outlet as well as the corresponding year-on-year changes for the first quarter of 2025 are also shown.
Table 2 presents the revised figures on value of online retail sales for February 2025 as well as the provisional figures for March 2025. The provisional figures on year-on-year changes for the first quarter of 2025 are also shown.
Table 3 presents the revised figures on volume index of retail sales for all retail outlets and by broad type of retail outlet for February 2025 as well as the provisional figures for March 2025. The provisional figures on year-on-year changes for the first quarter of 2025 are also shown.
Table 4 shows the movements of the value and volume of total retail sales in terms of the year-on-year rate of change for a month compared with the same month in the preceding year based on the original series, and in terms of the rate of change for a three-month period compared with the preceding three-month period based on the seasonally adjusted series.
The classification of retail establishments follows the Hong Kong Standard Industrial Classification (HSIC) Version 2.0, which is used in various economic surveys for classifying economic units into different industry classes.
These retail sales statistics measure the sales receipts in respect of goods sold by local retail establishments and are primarily intended for gauging the short-term business performance of the local retail sector. Data on retail sales are collected from local retail establishments through the Monthly Survey of Retail Sales (MRS). Local retail establishments with and without physical shops are covered in MRS and their sales, both through conventional shops and online channels, are included in the retail sales statistics.
The retail sales statistics cover consumer spending on goods but not on services (such as those on housing, catering, medical care and health services, transport and communication, financial services, education and entertainment) which account for over 50% of the overall consumer spending. Moreover, they include spending on goods in Hong Kong by visitors but exclude spending outside Hong Kong by Hong Kong residents. Hence they should not be regarded as indicators for measuring overall consumer spending.
Users interested in the trend of overall consumer spending should refer to the data series of private consumption expenditure (PCE), which is a major component of the Gross Domestic Product published at quarterly intervals. Compiled from a wide range of data sources, PCE covers consumer spending on both goods (including goods purchased from all channels) and services by Hong Kong residents whether locally or abroad. Please refer to the C&SD publication “Gross Domestic Product by Expenditure Component” for more details.
More detailed statistics are given in the “Report on Monthly Survey of Retail Sales”. Users can browse and download this publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080003&scode=530).
Users who have enquiries about the survey results may contact the Distribution Services Statistics Section of C&SD (Tel: 3903 7400; E-mail: mrs@censtatd.gov.hk).
Source: Government of India
Posted On: 02 MAY 2025 2:23PM by PIB Delhi
On the second day of the High-Level Segment of the meetings of the Conferences of the Parties to the Basel, Rotterdam and Stockholm Conventions (BRS COPs), Union Minister for Environment, Forest and Climate Change, Shri Bhupender Yadav participated in the Ministerial Interactive Panel discussion on the theme “Means of Implementation.”
During the Ministerial Interactive Panel discussion, Shri Yadav presented a summary of key points emerging from the round table discussions with other countries held on 30th April, 2025. The summary of the round table discussions included emphasis on the importance of predictable international financing mechanisms and the mobilization of domestic resources through tools such as progressive taxation, carbon levies, and Extended Producer Responsibility (EPR).
The roundtable also discussed the need for innovative financing solutions, including green bonds, debt-for-nature swaps, chemical certificates, and green loans, as critical tools to attract private investment—particularly in countries with constrained fiscal capacity or those emerging from crises.
The necessity of coherent and transparent regulatory frameworks that incentivize private sector engagement through supportive policies such as bans on single-use plastics and tax incentives for green technologies was suggested. The importance of cross-sectoral alignment of environmental goals to drive transformative outcomes was also highlighted.
The roundtable discussion highlighted the role of strong institutional mechanisms, with participating ministers emphasizing inter-agency coordination, capacity building, and empowerment of environment ministries to effectively lead the implementation of Multilateral Environmental Agreements (MEAs). The need for robust data infrastructure and transparent monitoring systems was recognized as essential for evidence-based decision-making and building public confidence.
Ministers also agreed on the importance of regional cooperation, including the strengthening of regional centers to enable technical exchange, shared infrastructure, and capacity development. Special attention was drawn to the needs of conflict-affected nations and countries with limited institutional capacities. Proposals included direct access to international financing, conflict-sensitive programming, and tailored technical partnerships to ensure inclusive and equitable implementation.
On the sidelines of the BRS COPs in Geneva, Shri Yadav also engaged in key bilateral meetings:
Union Minister Shri Yadav met with Ms. Inger Andersen, Executive Director, United Nations Environment Programme (UNEP) to discuss issues related to the upcoming Intergovernmental Negotiating Committee (INC-5.2) for developing a legally binding international instrument on plastic pollution, including its impact on the marine environment.
With H.E. Dr. Abdulla bin Abdulaziz bin Turki Al Subaie, Minister of Environment and Climate Change, Qatar, Shri Yadav held a productive discussion focused on enhancing bilateral cooperation in environmental protection and biodiversity conservation. Qatar was invited to participate in the International Solar Alliance (ISA).
In addition, Shri Yadav met with Mr. Rolph Payet, Executive Secretary of the Basel, Rotterdam and Stockholm Conventions; Ms. Ivonne Higuero, Secretary General of CITES; Ms. Musonda Mumba, Secretary General of the Ramsar Convention; Prof. Celeste Saulo, Secretary General of the World Meteorological Organization; and Ms. Monika Stankiewicz, Executive Secretary of the Minamata Convention during a dinner hosted at India House in Geneva. There was wide acknowledgment of the positive impact India is making in climate action and wildlife conservation under the leadership of Prime Minister Shri Narendra Modi. The leaders expressed keen interest in deepening their engagement with India, recognizing its proactive role in advancing global environmental priorities.
India’s participation in the 2025 BRS High-Level Segment reaffirms its unwavering commitment to “Viksit Bharat by 2047”, with environmentally sound management of chemicals and waste as a cornerstone of its sustainable development strategy.
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GS
(Release ID: 2126103) Visitor Counter : 160
Source: Hong Kong Government special administrative region
Fraudulent websites and internet banking login screens related to Bank of China (Hong Kong) Limited
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 personal 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 websites or login screens concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.
Issued at HKT 17:00
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Source: Hong Kong Government special administrative region
Incoming driver convicted and jailed for importing duty-not-paid cigarettes
Through risk assessment and intelligence analysis, Hong Kong Customs intercepted an inbound private car, declared to be empty, at the Hong Kong-Zhuhai-Macao Bridge Hong Kong Port on December 11, 2024. Upon inspection, Customs officers seized 86 000 sticks of duty-not-paid cigarettes at the boot, rear seats and under the front passenger’s seat of the vehicle. The driver was subsequently arrested, and the private car was also seized. The estimated market value of the duty-not-paid cigarettes seized in the case was about $430,000, and the duty potential was about $280,000.
Customs welcomes the sentence. The custodial sentence has imposed a considerable deterrent effect and reflects the seriousness of the offences. Customs reminds members of the public that under the DCO, tobacco products are dutiable goods to which the DCO applies. Any person who imports, deals with, possesses, sells or buys illicit cigarettes commits an offence. The maximum penalty upon conviction is a fine of $1 million and imprisonment for two years.
Customs will continue to combat cross-boundary smuggling activities with firm enforcement action.Issued at HKT 16:53
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Source: Hong Kong Government special administrative region
Inland Revenue Department issues tax returns for individuals???
Mr Chan said that the Inland Revenue (Amendment) (Tax Concessions) Bill 2025 was passed by the Legislative Council on April 30, 2025, which gives effect to the proposal in the 2025-26 Budget to reduce salaries tax, tax under personal assessment and profits tax for the year of assessment 2024/25 by 100 per cent, subject to a ceiling of $1,500 per case. Taxpayers only need to complete the tax returns for the year of assessment 2024/25 as usual. The tax concessions will be reflected in their final tax payable.
He said, “The IRD is committed to promoting tax digitalisation and has been upgrading the functions of electronic tax filing to facilitate taxpayers and enhance the efficiency, reliability and accuracy of return filing. The IRD will launch three portals under eTAX this July, namely Individual Tax Portal, Business Tax Portal and Tax Representative Portal. Existing individual tax services provided by eTAX will be migrated to the Individual Tax Portal with a new design and enhanced functions. A mobile application for the portal will also be launched. The Business Tax Portal and the Tax Representative Portal enable businesses and service agents respectively to handle tax and business affairs electronically.”
He reminded taxpayers that when filing profits tax returns online, they may submit at the same time supporting documents in a specified electronic format. Details on electronic filing of profits tax returns are available on the IRD’s website
Taxpayers may visit the IRD’s “e-Seminars—————————————————————
MIL-OSI
Next Post
| Tax TypeRevenue (Provisional Figures) ($million)Revenue (Actual Figures) ($million)Personal AssessmentProfits TaxPlease see Annex 1 for details of the IRD’s tax revenue collection in the financial year 2024-25. Issued at HKT 16:50 NNNN |
Source: Government of India
Posted On: 02 MAY 2025 2:16PM by PIB Delhi
Ms. Anuradha Prasad, former Secretary to the Government of India, Inter State Council Secretariat, Ministry of Home Affairs, took the Oath of the Office and Secrecy as Member, Union Public Service Commission today. The Oath was administered by Lt. Gen. Raj Shukla (Retd.), the seniormost Member of the Commission.
Ms. Anuradha Prasad did her graduation from the Lady Sriram College for Women and obtained a Masters in History from the University of Delhi. She also has a Masters Degree in Development Administration from the University of Birmingham, U.K.
Ms. Anuradha Prasad belongs to the 1986 batch of the Indian Defence Accounts Service. She has extensive experience in public policy, public finance, and cooperative federalism. In a career spanning over 37 years, she has worked in Union Ministries of Defence, Finance, Food Processing Industries, Labour & Employment and Home, gaining in-depth experience in policy & programme formulation and implementation.
As Finance Manager in the Acquisitions Wing of the Ministryof Defence, she handled acquisition of large platforms.In the Ministry of Finance, she handled finance and accounting for the Defence Services and the Ordnance Factory Board.During her stint in the Ministry of Food Processing Industries, Ms. Anuradha Prasad was instrumental in the development of the food industry through cold chain infrastructure, food testing laboratories and industry-driven R&D. She also has regulatory experience as Member of the Board of Food Safety and Standards Authority of India (FSSAI) as also the National Council for Vocational Education & Training (NCVET).
As Additional Secretary in the Ministry of Labour & Employment, she contributed to drafting of the Labour Codes and development of e-Shram Portal, a national database of workers in the unorganized sector.As Director General, Employees’ State Insurance Corporation (ESIC), she spearheaded various initiatives for health & welfare of workers during the Covid-19 pandemic.
As Secretary, Inter State Council Secretariat, Ministry of Home Affairs, she handled Centre-State and Inter-State relations and built consensus on many complex and sensitive issues resulting in key policy changes and expediting of infrastructure and other projects.
Post-retirement, Ms. Anuradha Prasad served as Member, Police Complaints Authority, Government of NCT Delhi.
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NKR/NSK
(Release ID: 2126098) Visitor Counter : 53
Source: Government of India
Posted On: 01 MAY 2025 10:56PM by PIB Delhi
A huge gathering of devotees chanted prayers and participated in the final ‘Darshan’ of Sarnath’s Holy Relic of the Buddha that was placed in the secure precincts of the National Museum for one day.
Among the dignitaries who participated in the prayers was Mr. Nguyen Thanh Hai, the Ambassador of Vietnam.
The Sacred Relic of the Buddha was carried out with reverance from the National Museum as a couple of hundred devotees lined the path and thronged at the gates of the Museum.
The cavalcade of vehicles with monks, nuns and delegates attending the Holy Relic exposition in Vietnam and the UN Day of Vesak celebrations reached Hindon air base where a ceremonial send off was held, with full State Honours for an onward journey to Vietnam.
As a special gesture, around 120 monks flew down from Vietnam to pay their obeisance to the holy relic and then returned to their country on the same day, before the Relic arrived in Vietnam , in order to receive the Holy Relic .
The delegation was led by Most Ven. Thic Hue Thong, Vice President of the Vietnam Buddhist Sangha. Most Ven. Dr Thich Nhat Tu, Vice President IBC and the Standing Vice Chancellor, Vietnam Buddhist University also flew down especially for receiving the Holy Relic.
The Ministry of Culture, Government of India in collaboration with the International Buddhist Confederation (IBC) New Delhi is organising for the first time the Holy Relic exposition in four cities of Vietnam from the 3- 21 May, 2025.
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Sunil Kumar Tiwari
(Release ID: 2126028) Visitor Counter : 75
Source: Government of India
Posted On: 02 MAY 2025 10:24AM by PIB Delhi
Shri Piyush Goyal, Minister of Commerce & Industry of India, and Mr. Maroš Šefčovič, European Commissioner for Trade and Economic Security, engaged in a forward-looking and substantive dialogue to address global trade challenges and reaffirm their shared resolve to conclude the India-European Union Free Trade Agreement (FTA) by the end of 2025. This commitment builds on the strategic direction given by Prime Minister, Shri Narendra Modi and President of the European Commission, Ms. Ursula von der Leyen during the landmark visit of the EU College of Commissioners to New Delhi in February 2025.
The high-level engagement underscores the strategic importance both partners attach to building a commercially meaningful, mutually beneficial, balanced, and a fair trade partnership that supports economic resilience and inclusive growth. The meeting highlighted the progress made across multiple negotiating tracks and emphasized the importance of maintaining the ongoing momentum through monthly negotiating rounds and continued virtual engagement. Both sides reiterated their aim to address pending issues in a spirit of mutual respect and pragmatism, including at the next round scheduled to be held from 12-16 May 2025 in New Delhi.
India emphasized that meaningful progress in trade negotiations requires equal focus on non-tariff barriers (NTBs) alongside tariff discussions and regulatory frameworks must be inclusive, proportionate, and avoid restricting trade.
The India-EU FTA aspires to reflect the evolving realities of global commerce by supporting digital transition, promoting diversified and resilient supply chains. Both sides expressed optimism that the agreement, once concluded, will serve as a transformative pillar of the broader India-EU strategic partnership, enhancing market access, supporting regulatory cooperation, and fostering innovation and competitiveness on both sides. Both sides acknowledged the crucial role of investment flows and people-to-people mobility in sustaining economic vitality.
In the spirit of India’s emergence as a “Vishwa Mitra”—a partner to the world—and aligning with its 2047 development goals, the India- EU FTA is seen as an instrument to promote diversified production networks and uphold fair trade principles. As India continues to broaden its footprint through multiple free trade deals, this dialogue reflects its broader vision of shaping a future-ready framework aligned with national priorities and global aspirations.
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Abhishek Dayal/Abhijith Narayanan
(Release ID: 2126025) Visitor Counter : 121
Source: Hong Kong Government special administrative region
Attention TV and radio announcers:
Please broadcast the following as soon as possible:
Here is an item of interest to swimmers.
The Leisure and Cultural Services Department announced today (May 2) that due to the sighting of a suspected red tide, the red flag has been hoisted at Silver Mine Bay Beach in Islands District. Beachgoers are advised not to swim at the beach until further notice.
Source: Hong Kong Government special administrative region
Appointments to Endangered Species Advisory Committee through Member Self-recommendation Scheme for YouthProfessor Wong Kam-boMr Chan Chun-pang
Ms Chan Kwan-yee*
Ms Angela Chan Nga-chi
Dr Tommy Hui Tin-yan
Ms Rose Ko Lai-fong
Ms Elaine Shiu Yin-ning
Dr Simon Sin Yung-wa
Ms Cammy So On-man
Mr Stanley Wong Cho-hang
Ms Josephine Wong Lai-mei
Mr Yang Jianhuan
Mr Henry Yau Yik-chung
Ms Fanny Yeung Shuk-fun
Ms Zhu Huiling*Director of Agriculture, Fisheries and Conservation with Deputy Director of Agriculture, Fisheries and Conservation as alternate member
Commissioner of Customs and Excise with Assistant Commissioner of Customs and Excise (Boundary and Ports) as alternate member
Principal Assistant Secretary for Environment and Ecology (Nature Conservation) with Assistant Secretary for Environment and Ecology (Nature Conservation) 2 as alternate Member
Assistant Director of Agriculture, Fisheries and Conservation (Conservation)
Issued at HKT 12:00
NNNN
Source: Hong Kong Government special administrative region
The Chinese Opera Festival (COF), as a core part of the Chinese Culture Festival (CCF) 2025, will launch the screening programme “Chinese Opera Film Shows” from May to September. The programme will showcase 10 classic Chinese opera films from the 1950s to 1980s, featuring Cantonese opera, Peking opera and Yuediao opera. To resonate with the theme of “Three Kingdoms” of this year’s COF, most selected films are inspired by the stories of “Romance of Three Kingdoms”, with a special focus on the plays related to “Zhou Yu Thrice Humiliated”, “Invoking the East Wind”, “A Meeting of Heroes” and “The Battle at Changbanpo”, making a delightful contrast between the stage performances and film screenings for similar repertories at the festival.
Details of the Cantonese opera film screenings are as follows:—————————————————————————————–
Date: May 31 (Saturday)
Starring: Sun Ma Si-tsang, Yam Kim-fai, Ng Kwun-lai, Choi Zhen-chu
Synopsis: Zhuge Liang (Hung Ming) is entrusted to persuade Zhou Yu (Chow Yu) to form an alliance against the State of Wei, but Zhou repeatedly schemes to make things difficult for him. Later, after Shu seizes control of Jingzhou, Zhou attempts various stratagems to reclaim the territory, all of which are cleverly thwarted by Zhuge. Coupled with repeated military defeats, Zhou dies of frustration and despair.—————————————————————————————–
Date: June 14 (Saturday)
Starring: Ho Fei-fan, Lam Dan, Leung Sing-por, Mak Bing-wing
Synopsis: General Fan Yuqi of Qin is entrusted to invite Crown Prince Dan of Yan and his consort to Qin as guests. The King of Qin breaks his promise and imprisons them instead. Fan helps the royal couple escape successfully. Infuriated, the King launches an assault on Yan on a false claim. Crown Prince Dan accepts the courtier Tian Guang’s recommendation to send Jing Ke to assassinate the King.—————————————————————————————–
Date: July 12 (Saturday)
Starring: Fong Yim-fun, Yam Kim-fai, Mak Bing-wing, Poon Yat-on
Synopsis: Cao Cao decrees Lady Zhen is to marry Cao Pi. Heartbroken, Cao Zhi loses his creative spirit. Later, Pi ascends the throne. He believes rumours suggesting that Zhi is the father of his child, and forces Lady Zhen to take poison and banishes Zhi to a remote land, forcing the lovers apart forever.—————————————————————————————–
Date: August 30 (Saturday)
Starring: Sun Ma Si-tsang, Tang Bik-wan, Lau Hark-suen, Pak Lung-chu
Synopsis: Dong Zhuo holds sway in the imperial court and renders the young king a mere figurehead, aided by the formidable warrior Lü Bu (Lui Bo). Concerned for the state, the songstress Diao Chan (Diu Sim) and minister Wang Yun devise a honey trap. Wang promises Diao’s hand to Dong and Lü. Diao begs Lü to rescue her by killing Dong. Meanwhile, Diao tearfully reports to Dong that Lü had taken liberties with her, thus turning the partners into enemies.—————————————————————————————–
Date: July 9 (Wednesday)
Starring: Xiao Changhua, Ma Lianliang, Tan Fuying, Ye Shenglan
Synopsis: Zhou Yu and Huang Gai stage a ruse, pretending to defect to Cao Cao’s army and execute a fire attack. Cao is suspicious, and dispatches Jiang Gan to investigate. Jiang mistakenly believes that there is internal strife in Eastern Wu, and convinces Cao that Eastern Wu poses no real threat. In the end, Zhuge Liang successfully invokes the easterly wind, giving the Wu-Shu alliance the upper hand in battle.—————————————————————————————–
Date: July 30 (Wednesday)
Starring: Ma Lianliang, Tan Fuying, Ye Shenglan, Qiu Shengrong, Yuan Shihai, Xiao Changhua
Synopsis: At Xiakou, Zhuge Liang and Zhou Yu come together to resist Cao Cao’s advances. To spy on their coalition, Cao dispatches Jiang Gan to visit Zhou under the guise of friendship. Zhou sees through the ruse and organises a grand feast for civil and military elites. He deliberately let Jiang steal a forged letter of surrender from Cao’s general and escape back to Cao’s camp. The letter leads the suspicious Cao to mistakenly believe that there is treachery within his ranks and to execute several of his own generals.—————————————————————————————–
Date: August 6 (Wednesday)
Starring: Gao Shenglin, Yuan Shihai, Li Shizhang
Synopsis: After Shu’s defeat by Wei, Guan Yu is forced to surrender and imprisoned by Cao Cao. Later, he learns of Liu Bei’s whereabouts, and escapes to reunite with Liu. On hearing that Zhang Fei is stationed at the Old City, Guan rushes there, but Zhang is suspicious of Guan’s intentions. Guan shows his unwavering loyalty by killing Cai Yang of the Cao army who arrives in pursuit. Zhang realises his grave mistake and apologises. The brothers are reunited.—————————————————————————————–
Date: August 27 (Wednesday)
Starring: He Quanzhi, Shen Fengmei, Chen Jing, Mu Baicheng
Synopsis: Zhou Yu is determined to reclaim Jingzhou. His negotiations with Zhuge Liang prove fruitless, triggering a fierce battle in which Zhou suffers a crushing defeat and dies of grief at Baqiu. Zhuge travels to Wu to attend Zhou’s memorial. General Zhang Zhao lays an ambush with the intent of capturing Zhuge. Zhuge points out to Zhang that any strife between the states of Shu and Wu would only benefit Cao Cao. At that moment, Cao is advancing with an army of hundreds of thousands. Zhang quickly apologises to Zhuge, and they begin discussing a joint plan to repel the invasion.—————————————————————————————–
Date: September 3 (Wednesday)
Starring: Mei Lanfang, Jiang Miaoxiang
Synopsis: Cao Pi crowns Lady Zhen as royal consort, but she is drawn to the literary brilliance of his younger brother, Cao Zhi. The two begin a forbidden romance in the face of grave danger. Upon discovering Lady Zhen’s infidelity, Pi executes her in a fit of rage. Years later, Zhi dreams of a divine calling from the Goddess of River Luo, and he goes to the appointed place, astonished to find Lady Zhen waiting for him. She has become the Goddess of River Luo, a celestial being, forever separated from the mortal realm.—————————————————————————————–
Date: September 10 (Wednesday)
Starring: Yuan Shihai, Li Jialin, Yu Dalu
Synopsis: Liu Bei’s retreat from Xinye is pursued by Cao Cao’s forces through the night at Changbanpo. Liu becomes separated from his troops and family. Zhao Yun charges into the enemy camp alone and rescues the local governors Jian Yong and Mi Zhu. He also fights valiantly to protect Lady Gan and Liu’s infant son, A Dou, leading them safely through the encirclement.
The above-mentioned Cantonese opera films will be screened at the Lecture Hall of the Hong Kong Space Museum at 7.45pm, and the Peking opera and Yuediao opera films will be screened at the Cinema of the Hong Kong Film Archive at 7.30pm. Tickets priced at $70 per screening are now available at URBTIX (www.urbtix.hk
The programme will also feature two sessions under the “Chinese Culture for All: A Special Performance Series”, featuring the film of Peking opera “A Meeting of Heroes” (1957), to be held at 11am and 2.30pm on September 8 (Monday) at the Cinema of the Hong Kong Film Archive. Free admission specially for local primary and secondary school students to allow them to have the opportunity to appreciate the traditions and essence of Peking opera through the timeless masterpiece. Interested schools can call 2268 7325 for details.
Source: Government of India
Posted On: 01 MAY 2025 9:48PM by PIB Mumbai
Mumbai, May 1, 2025
The city of dreams shimmered a little brighter this Thursday as Icon Star Allu Arjun took centre stage at the World Audio Visual Entertainment Summit (WAVES) 2025, held at Jio World Centre, Mumbai. The much-anticipated ‘In Conversation’ session titled ‘Talent Beyond Borders’, moderated by TV9 Network’s MD & CEO Barun Das, became a heartfelt masterclass in stardom, survival, and soul.
Allu Arjun praised the summit as a beacon for India’s rising global narrative in storytelling. “India has always had the soul. Now, we have the stage,” he said, beaming. “I believe WAVES will be a launching pad for India to lead the world in creative content.”
The conversation turned intimate as the Pushpa actor reflected on a life-altering accident that forced a six-month hiatus. “That pause was a blessing in disguise,” he revealed. “It made me shift my gaze inward, from stunts to substance. I realized, as the muscles fade, the mastery must rise. Acting became my new frontier.”
The actor confirmed his upcoming project with director Atlee, calling it “a visual spectacle rooted in Indian emotion.” “We’re blending international technology with Desi soul — a film for India, and from India, to the world,” he said, eyes gleaming with passion.
The conversation also delved into the challenges of surviving in an ever-evolving industry. “There are extraordinary young actors emerging in every language. You must stay authentic, stay hungry, and be versatile,” he advised. “This is not just an industry, it’s a battlefield of creativity, resilience, and evolution.”
But it was when he spoke of his roots that the hall collectively held its breath. With emotion lacing every word, Arjun paid tribute to his illustrious family: hisgrandfather Allu Ramalingaiah, father and producer Allu Aravind, and Chiranjeevi, his uncle and lifelong inspiration. “I’m not a self-made man,” he confessed. “I’ve grown with the guidance, support, and greatness of those around me. I’m blessed.”
When asked about his strength, he said it was all for the fans. “When the lights dim and the applause fades, it is you who lift me. It is you who remind me why I do this. My energy… is you.”
Inaugurated by Minister Narendra Modi, WAVES 2025 is being looked upon as a historic milestone in India’s creative odyssey.
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Team PIB WAVES 2025 | Rajith/Poushali/Riyas/CShekhar |139
(Release ID: 2125967) Visitor Counter : 118
Source: Government of India
Today is the birth anniversary of Bhagwan Adi Shankaracharya, Adi Shankaracharya ji awakened the consciousness of the nation by coming out of Kerala and establishing monasteries in different corners of the country, I pay tribute to him on this auspicious occasion: PM
India’s coastal states and our port cities will become key centres of growth for a Viksit Bharat: PM
Government in collaboration with the state governments has upgraded the port infrastructure under the Sagarmala project enhancing port connectivity: PM
Under PM-Gatishakti, the inter-connectivity of waterways, railways, highways and airways is being improved at a fast pace: PM
In the last 10 years investments under Public-Private Partnerships have not only upgraded our ports to global standards, but have also made them future ready: PM
The world will always remember Pope Francis for his spirit of service: PM
Posted On: 02 MAY 2025 1:16PM by PIB Delhi
Prime Minister Shri Narendra Modi dedicated Vizhinjam International Deepwater Multipurpose Seaport worth Rs 8,800 crore to the nation today in Thiruvananthapuram, Kerala. Addressing the gathering on the auspicious occasion of the birth anniversary of Bhagwan Adi Shankaracharya, the Prime Minister highlighted that three years ago, in September, he had the privilege of visiting the revered birthplace of Adi Shankaracharya. He expressed his joy that a grand statue of Adi Shankaracharya has been installed in the Vishwanath Dham complex in his parliamentary constituency, Kashi. He emphasized that this installation stands as a tribute to the immense spiritual wisdom and teachings of Adi Shankaracharya. He further highlighted that he also had the honor of unveiling the divine statue of Adi Shankaracharya at the sacred Kedarnath Dham in Uttarakhand. The Prime Minister noted that today marks another special occasion as the doors of the Kedarnath temple have been opened to devotees. Prime Minister Modi underscored that Adi Shankaracharya, originating from Kerala, established monasteries in different corners of the country, awakening the consciousness of the nation. He emphasized that his efforts laid the foundation for a unified and spiritually enlightened Bharat.
Shri Modi highlighted the vast ocean, rich with immense possibilities, standing on one side, while on the other, nature’s breathtaking beauty adds to the grandeur. Amidst all this, he emphasized that the Vizhinjam Deep-Water Sea Port has now emerged as a symbol of new age development. He extended his congratulations to the people of Kerala and the entire nation on this remarkable achievement.
Underscoring that the Vizhinjam Deep-Water Sea Port has been developed at a cost of ₹8,800 crore, the Prime Minister remarked that the capacity of this transshipment hub will triple in the coming years, enabling the smooth arrival of some of the world’s largest cargo ships. He pointed out that 75% of India’s transshipment operations were previously conducted at foreign ports, leading to significant revenue loss for the country. Emphasizing that this situation is now set to change, he asserted that India’s money will now serve India and the funds that once flowed outside the country will now generate new economic opportunities for Kerala and Vizhinjam’s people.
Shri Modi remarked that before colonial rule, India witnessed centuries of prosperity, emphasising that at one point, India held a major share in the global GDP. He highlighted that what set India apart from other nations during that era was its maritime capacity and the economic activity of its port cities. Noting that Kerala played a significant role in this maritime strength and economic growth, he highlighted Kerala’s historical role in maritime trade, emphasizing that through the Arabian Sea, India maintained trade links with multiple nations. He noted that ships from Kerala carried goods to various countries, making it a vital hub for global commerce. “Today, the Government of India is committed to further strengthening this channel of economic power”, he added and asserted, “India’s coastal states and port cities will become key centers for the growth of a developed India”.
“The port economy reaches its full potential when infrastructure and ease of doing business are promoted together”, emphasised the Prime Minister, stating that over the past 10 years, this has been the blueprint of the Government of India’s port and waterways policy. He highlighted that the government has accelerated efforts for industrial activities and holistic development of states. He further remarked that the Government of India, in collaboration with state governments, has upgraded port infrastructure under the Sagarmala Project and strengthened port connectivity. He noted that under PM Gati Shakti, waterways, railways, highways, and airways are being rapidly integrated for seamless connectivity. He added that these reforms in ease of doing business have led to greater investment in ports and infrastructure sectors. The Prime Minister stated that the Government of India has also reformed regulations concerning Indian seafarers, yielding significant results. He pointed out that in 2014, the number of Indian seafarers was below 1.25 lakh. Today, this figure has surged beyond 3.25 lakh. He emphasized that India now ranks among the top three countries globally in terms of seafarer numbers.
Highlighting that a decade ago, ships faced long waiting times at ports, significantly delaying unloading operations, Shri Modi noted that this slowdown affected businesses, industries, and the overall economy. He stressed that the situation has now transformed and over the past 10 years, India’s major ports have reduced ship turn-around time by 30%, improving operational efficiency. He remarked that due to enhanced port efficiency, India is now handling greater cargo volumes in shorter durations, strengthening the nation’s logistics and trade capabilities.
“India’s maritime success is a result of a decade-long vision and effort”, exclaimed the Prime Minister, underlining that over the past 10 years, India has doubled the capacity of its ports and expanded its National Waterways eightfold. He noted that today, two Indian ports are among the global top 30 ports, while India’s ranking on the Logistics Performance Index has also improved. Additionally, he pointed out that India is now among the top 20 countries in global shipbuilding. The Prime Minister further remarked that after strengthening the country’s basic infrastructure, the focus has now shifted towards India’s strategic position in global trade. He announced the launch of Maritime Amrit Kaal Vision, which outlines India’s maritime strategy to achieve the goal of a developed India. He recalled the G-20 Summit, where India collaborated with several major countries to establish the India-Middle East-Europe Economic Corridor, highlighting Kerala’s critical role in this corridor, emphasizing that the state will greatly benefit from this initiative.
Underscoring the critical role of the private sector in elevating India’s maritime industry to new heights, Shri Modi said that under Public-Private Partnerships, thousands of crores have been invested over the past 10 years. He emphasized that this collaboration has not only upgraded India’s ports to global standards but has also made them future-ready. He noted that private sector participation has driven innovation and enhanced efficiency.
Prime Minister highlighted that India is advancing towards the establishment of a shipbuilding and repair cluster in Kochi. He emphasized that once completed, this cluster will create numerous new employment opportunities, providing Kerala’s local talent and youth with a platform for growth. The Prime Minister further stated that India is now setting ambitious targets to strengthen its shipbuilding capabilities. He noted that this year’s Union Budget introduced a new policy to promote the construction of large ships in India, which will significantly boost the manufacturing sector. He emphasized that this initiative will have direct benefits for MSMEs, generating a large number of employment and entrepreneurship opportunities across the country.
“True development is achieved when infrastructure is built, trade expands, and basic needs of the common people are met”, stressed the Prime Minister, remarking that the people of Kerala have witnessed rapid progress over the past 10 years, not just in port infrastructure, but also in highways, railways, and airports. He highlighted that projects like the Kollam Bypass and Alappuzha Bypass, which had been stalled for years, were advanced by the Government of India. He also noted that Kerala has been provided with modern Vande Bharat trains, further strengthening its transport network and connectivity.
Shri Modi emphasized that the Government of India firmly believes in the principle that Kerala’s development contributes to India’s overall growth. He remarked that the government operates with the spirit of cooperative federalism, ensuring Kerala’s progress across key social parameters over the past decade. He highlighted several initiatives that have benefited the people of Kerala, including Jal Jeevan Mission, Ujjwala Yojana, Ayushman Bharat, and Pradhan Mantri Suryagarh Free Electricity Scheme.
Reiterating that the welfare of fishermen remains a top priority, the Prime Minister noted that under Blue Revolution and Pradhan Mantri Matsya Sampada Yojana, projects worth hundreds of crores have been sanctioned for Kerala. He further highlighted the modernization of fishing harbors, including Ponnani and Puthiyappa. Additionally, he remarked that thousands of fishermen in Kerala have been provided Kisan Credit Cards, enabling them to receive financial assistance worth hundreds of crores.
Underlining that Kerala has always been a land of harmony and tolerance, Shri Modi highlighted that centuries ago, Saint Thomas Church, one of the oldest churches in the world, was established here. He acknowledged the recent moment of grief that has touched people across the world when Pope Francis passed away a few days ago, leaving behind a profound legacy. He added that President Droupadi Murmu represented India at his funeral, paying respects on behalf of the nation. Shri Modi once again expressed his condolences to all those mourning this loss from the sacred land of Kerala.
Paying tribute to Pope Francis, acknowledging his spirit of service and his efforts to ensure inclusivity within Christian traditions, the Prime Minister remarked that the world will always remember his contributions. He shared his personal experiences, expressing his gratitude for having had multiple opportunities to meet Pope Francis. He noted that he received special warmth from him and cherished their discussions on humanity, service, and peace, which will continue to inspire him.
Extending his best wishes to all present at the event, Shri Modi envisioned Kerala as a major center for global maritime trade, leading to the creation of thousands of new jobs. He reaffirmed the commitment of the Government of India, working alongside the state government, to advance this goal. Shri Modi concluded by expressing confidence in the capabilities of Kerala’s people and stated, “India’s maritime sector will reach new heights”.
The Governor of Kerala, Shri Rajendra Vishwanath Arlekar, Chief Minister of Kerala, Shri Pinarayi Vijayan, Union Ministers, Shri Suresh Prabhu, Shri George Kurien were present among other dignitaries at the event.
Background
Vizhinjam International Deepwater Multipurpose Seaport worth Rs 8,800 crore is country’s first dedicated container transshipment port that represents the transformative advancements being made in India’s maritime sector as part of the unified vision of Viksit Bharat.
Vizhinjam Port, having strategic importance, has been identified as a key priority project which will contribute in strengthening India’s position in global trade, enhance logistics efficiency, and reduce reliance on foreign ports for cargo transshipment. Its natural deep draft of nearly 20 meters and location near one of the world’s busiest sea trade routes further strengthens India’s position in global trade.
The Vizhinjam International Deepwater Multipurpose Seaport in Kerala is a significant advancement in India’s maritime infrastructure. https://t.co/sUeQ5k7TK1
— Narendra Modi (@narendramodi) May 2, 2025
Inauguration of the Vizhinjam Port in Kerala is significant for India’s maritime sector. People have been waiting for this port for many years. It will boost trade, commerce and will be particularly beneficial for Kerala’s economy.
Here are glimpses from today’s programme in… pic.twitter.com/T1QQ00AvSA
— Narendra Modi (@narendramodi) May 2, 2025
My visit to Kerala has happened on a very auspicious day, the Jayanti of Adi Shankaracharya. His contribution towards India’s cultural regeneration will forever be remembered. pic.twitter.com/1ii569wBMR
— Narendra Modi (@narendramodi) May 2, 2025
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MJPS/SR
(Release ID: 2126080) Visitor Counter : 47
Source: Government of India
India to become a superpower in the VFX industry and WAVES is a great initiative to take it forward
Posted On: 01 MAY 2025 9:39PM by PIB Mumbai
Mumbai, 1 May 2025
The inaugural day at the maiden WAVES 2025 Summit at the Jio World Convention Centre in Mumbai witnessed insightful breakout sessions delving deep into the vibrant AVGC sector of India.
A dynamic breakout session titled “Anime Ascending: Unlocking Global Potential in Storytelling, Fandom & Industry Growth” brought together leading figures from the Japanese and Indian animation industries for a high-powered conversation on the evolution, emotional core, and global trajectory of anime, with key focus on India’s growing potential.
Moderated by Shri Munjal Shroff, Chair, FICCI AVGC-XR Forum, the session featured a distinguished panel: Mr. Makoto Tezka, Director & CEO, Nontetra; Mr. Hideo Katsumata, President, The Anime Times Company, Japan; Mr. Makoto Kimura, CEO, Blue Rights, Japan; Mr. Atsuo Nakayama, CEO & President, Re Entertainment Co. Ltd.; and Ms. Anu Sikka, Business Head – Kids Entertainment and Infotainment, Jiostar.
Mr. Hideo Katsumata spoke about the increasing focus on Indian audiences and languages. He underscored the importance of societal engagement and cultural integration, stating, “We are exploring ways to blend Japanese animation with Indian traditions to connect with local audiences.”
Mr. Atsuo Nakayama offered valuable insights into the economic impact of anime in Japan and noted the vital role of the consumer. He expressed optimism about India as a promising market for Japanese animation and stressed the potential of the entertainment business in bridging cultural and commercial ties between the two nations.
In a detailed presentation, Mr. Makoto Tezka traced the origin of anime, emphasizing that the roots of Japanese animation lie deeply embedded in manga culture.
Ms. Anu Sikka highlighted the extensive research undertaken in India to better understand what resonates with young viewers. “The cultural relatability and emotional connect with Japanese content have contributed to anime’s growing popularity among Indian children,” she said, adding that behavioral analysis of viewership trends has significantly guided programming decisions
Mr. Makoto Kimura emphasized on the growing global footprint of anime and its visible impact across countries.
Moderated by Aditya Mani, CEO of Yologram Style, an insightful breakout session titled The New Arcade: VC’s Perspective on Gaming’s New Frontier, provided an in-depth look at the exciting opportunities and innovations within India’s gaming sector. The session featured a distinguished panel of venture capitalists (VCs) who discussed key trends, challenges, and opportunities within the gaming industry. The panel included Anuj Tandon, Partner at Bitkraft Venture, Sharan Tulsiani, Founder of Jetapult, Vinay Bansal, Founder & CEO of Inflection Point Ventures, Nihansh Bhat, Corporate Development Lead at KRAFTON India, and Jeremy Lim, Principal at GFR Fund.
The panel emphasised India’s unique position as a country of storytellers. India’s rich cultural narrative tradition is increasingly being woven into interactive media. Gaming, they pointed out, is converging not only with films and digital fashion but also with mainstream media with Indian gaming studios emerging as significant contributors.
Jeremy Lim pointed out that India has a unique ability to scale bold models that have not worked elsewhere.
A key focus of the session was the role of localisation in driving success within emerging markets. While global models serve as inspiration, the panel underscored the necessity of adapting gaming experiences to local insights and consumer behaviours.
Looking ahead to 2025, the growing influence of artificial intelligence (AI) was underscored. AI is set to play a key role in personalising gameplay, enhancing user interaction, and driving immersive storytelling.
The breakout session on VFX provided a unique opportunity to explore the pivotal role of visual effects in modern cinema and its future in shaping storytelling. Moderated by Sh. Akhauri P. Sinha, Managing Director, Framestore India, the session featured distinguished panelists Sh. Jaykar Arudra, VFX Supervisor, DNEG; Sh. Sandeep Kamal, Independent VFX Supervisor; and Sh. Srinivas Mohan, acclaimed for his work on Baahubali and 2.0. The panelists provided insights into how VFX is revolutionizing cinematic narratives.
Sh. Jaykar Arudra stressed the importance of research and design in meeting the creative demands of VFX-intensive productions. “It’s not just about spectacle—it’s about story integrity,” he noted. He further stated, “India is poised to become a superpower in the VFX industry, and WAVES is a great initiative to take this vision forward.”
“Technology is a game-changer,” noted Sh. Srinivas Mohan. He said, “When applied wisely, it allows us to break limitations and create world-class visuals.”.
Sh. Sandeep Kamal discussed the increasing accessibility of high-quality VFX tools and how affordability is no longer a barrier to excellence. “A clear vision is what guides us in achieving both quality and deadlines,” he noted.
The breakout sessions embodied deep sentiments of optimism and collaboration, as Anime, VFX and Gaming continue to evolve as powerful cultural and commercial forces worldwide. These sectors hold unprecedented potential for India. True to the spirit of WAVES, the breakout sessions were a celebration of innovation and storytelling.
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PIB TEAM WAVES 2025 | Rajith/ Poushali/ Lumpem/Saurabh/ Darshana | 138
(Release ID: 2125966) Visitor Counter : 54
Source: Government of India
Posted On: 02 MAY 2025 12:51PM by PIB Delhi
The National Human Rights (NHRC), India has taken suo motu cognizance of a media report highlighting the issue of non-availability of infrastructure and manpower to provide for the prisoners to pursue education in the Kerala jails. Reportedly, the growing number of inmates, including those convicted of grave crimes, are choosing to turn their lives around by enrolling in regular or online educational courses, but the authorities are struggling to support their efforts.
The Commission has observed that the contents of the news report, if true, raise issues of violation of human rights of the prisoners who intend to pursue educational programmes/ courses. Therefore, the Commission has issued a notice to the Director General of Prisons, Government of Kerala, calling for a detailed report in the matter, within four weeks.
According to the media report, carried on 25th April, 2025, the Kerala prison authorities are facing severe staff shortage, lack of dedicated devices and secure internet connection for the inmates, willing to study online. Reportedly, there is no monitoring system to ensure that the prisoners will use the internet only for educational purposes. Another challenge is that some dangerous criminals are also now trying to apply for the regular course as a devious tactic to get the interim release to facilitate travel outside the prison.
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NSK
(Release ID: 2126074) Visitor Counter : 115
Source: Hong Kong Government special administrative region
AAIA publishes investigation report on accident involving PHI Fantasia 22 paraglider
The investigation was conducted by a team of professional investigators in strict adherence to international standards of the International Civil Aviation Organization (ICAO). “The objective of the investigation was to identify the circumstances and causes of the accident with a view to preventing a recurrence,” an AAIA spokesperson said.Issued at HKT 15:14
NNNN
Source: Government of India
Posted On: 02 MAY 2025 12:22PM by PIB Delhi
NITI Aayog today released the report on ‘Enhancing MSMEs Competitiveness in India’, prepared by NITI Aayog in collaboration with the Institute for Competitiveness (IFC). The report presents a detailed blueprint for unlocking the immense potential of India’s Micro, Small and Medium Enterprises (MSMEs) through systemic reforms in financing, skilling, innovation and market access.
The report delves into the key challenges affecting the competitiveness of MSMEs in India. Using firm-level data and the Periodic Labour Force Survey (PLFS), it provides recommendations to foster sustainable integration and enhance their incorporation into global value chains. It focuses on four important sectors – textiles manufacturing and apparel, chemical products, automotive and food processing while highlighting the sector-specific challenges and opportunities that need to be addressed to unlock the potential of MSMEs in India. The report examines current national and state policies, highlighting gaps in implementation and limited awareness among MSMEs.
One of the important findings of the report is the notable improvement in MSMEs’ access to formal credit. Between 2020 and 2024, the share of micro and small enterprises accessing credit through scheduled banks rose from 14% to 20%, while medium enterprises saw an increase from 4% to 9%. Despite these improvements, the report reveals that a substantial credit gap remains. Only 19% of MSME credit demand was met formally by FY21, leaving an estimated ₹80 lakh crore unmet. The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has expanded significantly, but still faces significant limitations. To bridge the credit gap and unlock inclusive, scalable finance for MSMEs, the report calls for a revamped CGTMSE, supported by institutional collaboration and more targeted services.
The report also highlights the pressing issue of skill shortages within the MSME sector. A large portion of the workforce lacks formal vocational or technical training, which hampers productivity and limits the ability of MSMEs to scale effectively. Many MSMEs also fail to invest sufficiently in research and development (R&D), quality improvement, or innovation, making it difficult to stay competitive in national and global markets. The report further points out that MSMEs face barriers in adopting modern technologies due to unreliable electricity supply, weak internet connectivity and high implementation costs. Despite state government schemes designed to support technological advancement in MSMEs, many enterprises are either unaware of them or unable to access them. In its analysis of clusters, the report finds that upgrading outdated technologies and improving marketing and branding capabilities are critical to improving competitiveness.
The report concludes that despite various MSME support policies and the recent boost to MSMEs through Union Budgets, increased effectiveness is hampered by low awareness. To enhance policy impact, the report recommends stronger state-level design and implementation, emphasising consistent monitoring, better data integration and improved stakeholder engagement in policy development.
India’s MSMEs can become a key driver of sustainable economic growth by focusing on targeted interventions, building stronger institutional collaborations and enhancing global competitiveness. It calls for enhanced support for MSMEs through digital marketing training, partnerships with logistics providers and creating platforms for direct market linkages, especially in regions with high growth potential, such as India’s northeastern and eastern belts. It calls for a robust, adaptive and cluster-based policy framework at the state level that fosters innovation, enhances competitiveness and enables MSMEs to drive inclusive economic transformation.
Read the complete report: https://www.niti.gov.in/sites/default/files/2025-05/Enhancing_Competitiveness_of_MSMEs_in_India.pdf
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Source: Government of India
Posted On: 02 MAY 2025 12:16PM by PIB Delhi
Global Alliance for Mass Entrepreneurship (GAME) and NITI Aayog have announced a strategic partnership aimed at fostering vibrant entrepreneurship ecosystems across multiple states in India. This collaboration will focus on advancing place-based interventions, starting with pilot sites in Nagpur, Visakhapatnam and Uttar Pradesh.
The partnership seeks to empower local entrepreneurs bringing together relevant local stakeholders in that particular region’s entrepreneurship ecosystem, including government, corporates, educational institutes, financial institutes, champion entrepreneurs and community organisations. By creating localised solutions tailored to the unique challenges of each region, GAME and NITI Aayog aim to transform entrepreneurship into a movement that drives economic growth and job creation.
Ishtiyaque Ahmed, Programme Director – Industry/MSME vertical at NITI Aayog, speaking on the initiative said, “Our approach is rooted in end-to-end facilitation and collaboration across sectors. There is a need to leverage a bottom-up approach and work closely with local entrepreneurs and champions, understand their needs and support them in addressing their challenges.”
Under this partnership, the pilot sites will implement GAME’s proven methodologies that focus on enabling entrepreneurs to start and scale businesses. These interventions include access to finance, capacity-building programs, policy advocacy and community-driven initiatives. The ultimate goal is to create self-sustaining ecosystems that can generate widespread employment opportunities.
Ketul Acharya, President of GAME, while sharing his vision for the collaboration observed, “At GAME, we believe that entrepreneurship has the power to transform lives and communities. Our partnership with NITI Aayog is a significant step toward realising our mission of enabling a movement of millions of people starting and growing businesses, using local inputs to serve local needs as well as other markets. Together, we aim to create thriving local ecosystems that inspire innovation and drive inclusive growth.”
GAME has been at the forefront of fostering mass entrepreneurship since its inception in 2018. Through research, pilot programs and policy advocacy, GAME has worked tirelessly to unlock the potential of entrepreneurs across India. Its initiatives have empowered women entrepreneurs, strengthened MSME ecosystems and promoted sustainable business models in underserved regions.
The collaboration between GAME and NITI Aayog is expected to pave the way for innovative solutions that address systemic barriers to entrepreneurship. Developing healthy local entrepreneurial ecosystems benefits entrepreneurs with resources such as access to credit, markets, mentors and peer networks. By focusing on local contexts and fostering partnerships at multiple levels, this initiative will nurture a culture of entrepreneurship with local ownership and create lasting impact across India’s economic landscape.
About GAME:
Global Alliance for Mass Entrepreneurship (GAME) was created as a catalyst for a nationwide movement of mass entrepreneurship. The organisation aims to shift perceptions and nurture entrepreneurship in a multi-faceted and integrated manner. GAME works towards addressing challenges that include access to finance and markets as well as regulation through a collaborative approach across financial, educational and policy systems.
Since its inception, GAME has assisted 300,000+ entrepreneurs through various interventions enabling access to credit, access to market and place-based interventions, apart from other initiatives.
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