Category: Asia

  • MIL-OSI Asia-Pac: Some reports published in media mentioning shortage of DAP to affect prospects of Rabi crop are misleading, misplaced and devoid of factual position

    Source: Government of India

    Some reports published in media mentioning shortage of DAP to affect prospects of Rabi crop are misleading, misplaced and devoid of factual position

    Subsidy on DAP has not been reduced at all; MRP of DAP has been maintained at Rs. 1350/- per 50 Kg bag since Covid times

    For Rabi season, the increase in subsidy has been effected by two Cabinet decisions

    Total budgetary allocation increased to Rs.24,475 crores for Rabi 2024-25

    Posted On: 23 OCT 2024 8:46PM by PIB Delhi

    Some reports published in the media recently claiming shortage of DAP across the country and its resultant effect on prospects of Rabi crop are misleading, misplaced and devoid of factual position.

    It is clarified that the MRP of DAP has been maintained at Rs. 1350/- per 50 Kg bag since Covid times.

    Further, the subsidy on DAP has not been reduced at all. Instead, for the benefit of farmers, via two Cabinet decisions, an increase in subsidy has been effected for Rabi 2024.

    Firstly, Rs. 3500/- per MT as a special package costing Rs. 2625 crores has been provided to make the price sustainable for companies for procurement of DAP so that the procurement capacity at company level remains unaffected by the price volatility.

    Secondly, the overall increase in prices in the international market has been taken care of by another Cabinet decision by which subsidy has been linked to the market prices. Thus, if the procurement price of P&K fertilizer, including DAP, increases in the global market, the procurement capacities of the companies are not affected. Therefore, farmers are the ultimate beneficiaries.

    In addition to this, the total budgetary allocation for Rabi 2024-2025 has been increased to Rs. 24,475 crores.

    It may be noted that the availability of DAP has been affected somewhat by several geo-political factors including the long route taken by the vessels through Cape of Good Hope instead of Red sea. However, intensive efforts have been made by the Department of Fertilizers to augment the availability substantially during Sept–Nov, 2024.

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  • MIL-OSI Asia-Pac: MoUs signed between NIEPVD Dehradun and Six Institutions for the welfare of Divyangjan

    Source: Government of India (2)

    Posted On: 23 OCT 2024 8:20PM by PIB Delhi

    The National Institute for Empowerment of Persons with Visual Disabilities (NIEPVD), Dehradun (under D/o Empowerment of Persons with Disabilities – DEPwD, M/o Social Justice and Empowerment), signed important Memoranda of Understanding (MoUs) with six institutions, including non-governmental organizations (NGOs) dedicated to the empowerment of Divyangjan.

     

    On this occasion, Secretary (DEPwD) Shri Rajesh Aggarwal said, “Today marks a significant milestone, and we are confident that the positive impact of these collaborations will be evident in the lives of Divyangjan in the near future.” This partnership is a crucial step towards enhancing the capabilities and welfare of Divyangjan by ensuring access to essential resources and support.

    The MoUs, with institutions including Uttarakhand Open University (Haldwani), National Institute of Electronics & Information Technology (NIELIT) Haridwar, Max Hospital Dehradun, NGOs Pratham (Mumbai), National Association for the Blind (NAB) Delhi and Torchit Pvt. Ltd. (Ahmedabad), aim to promote the welfare and upliftment of Divyangjan.

    The partnership would focus on areas such as modern technology, artificial intelligence, psychological support, protection against online fraud, ease of access to technology, utilization of modern teaching-learning materials, and technical training for teachers working in special education.

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  • MIL-OSI Asia-Pac: English translation of Opening Remarks by Prime Minister during bilateral meeting with President of the People’s Republic of China on the sidelines of the 16th BRICS Summit

    Source: Government of India

    Posted On: 23 OCT 2024 7:35PM by PIB Delhi

    Excellency,

    I am pleased to meet you. And like you have said, we are meeting formally after 5 years.

    We believe that the importance of India-China relations is not just for our people.

    Our relations are also important for global peace, stability and progress.

    Excellency,

    Mutual Trust, Mutual Respect, and Mutual Sensitivity should continue to be the basis of our relations.

    Today we have got an opportunity to discuss all these issues.

    I am confident that we will talk with an open mind, and our discussion will be constructive.

    Thank you .

    DISCLAIMER – This is the approximate translation of Prime Minister’s remarks. Original remarks were delivered

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  • MIL-OSI Asia-Pac: Railway Protection Force pays thoughtful tribute to its ‘bravehearts,’ visits alma maters, villages of 14 martyrs across nine Indian states during ‘Martyrs Week 2024’

    Source: Government of India

    Railway Protection Force pays thoughtful tribute to its ‘bravehearts,’ visits alma maters, villages of 14 martyrs across nine Indian states during ‘Martyrs Week 2024’

    Families of the martyrs, local community members and RPF colleagues gather to pay tribute and share stories of their bravery and sacrifice

    Posted On: 23 OCT 2024 7:27PM by PIB Delhi

    The Railway Protection Force (RPF) is paying tribute to 14 of its personnel who lost their lives in the line of duty over the past year as part of the ongoing ‘Martyrs Week’ commemoration. As a mark of respect and remembrance, RPF officers are visiting the alma maters and native villages of these brave individuals across nine states. These heartfelt tributes are fostering a deep connection between the RPF and the communities that shaped these courageous souls, while also emphasizing the importance of their sacrifice.

    Among the martyrs being honored is Shri Nirakar Behera, an RPF Head Constable from East Coast Railway, who made the Supreme sacrifice in Feb 2024 while discharging his duty. A memorial service was held at his alma mater, ME School, Nettanga in Ganjam District of Odisha, on October 21st by RPF personnel of Khurda Road Division. The event saw an emotional gathering of his family, friends, and colleagues. His widow, Mrs. Gitanjali Behera, expressed deep gratitude for the recognition of her husband’s sacrifice.

    “Each of these brave souls exemplified the highest ideals of service and sacrifice. Their legacy will forever inspire us to uphold the safety and security of our railways and passengers” said Shri Manoj Yadava, Director General, Railway Protection Force.

    Across India, RPF is holding similar commemoration programs in the native villages and schools in honor of the martyrs, spanning various parts of our Nation. Each martyr’s family is being honored with heartfelt tributes and felicitations, reinforcing that the sacrifices made by their loved ones will never be forgotten.

    With activities planned throughout the week, the RPF’s efforts to commemorate its fallen heroes reflect a deep and ongoing commitment to honoring the bravery, sacrifice and dedication of RPF personnel who made the supreme sacrifice to protect the nation’s railway system and the railway passengers. As the Force observes Martyrs Week, the indomitable spirit of these heroes continues to echo across the railway lines they so diligently protected, their courage forever etched in history.

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  • MIL-OSI Asia-Pac: Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP): A Journey Towards Affordable Healthcare

    Source: Government of India (2)

    Posted On: 23 OCT 2024 7:15PM by PIB Delhi

    A significant transformation occurred in India’s healthcare landscape with the launch of the “Pradhan Mantri Bhartiya Janaushadhi Pariyojana” (PMBJP) in November 2016. This initiative aims to provide high-quality generic medicines at affordable prices, making essential healthcare accessible to all citizens. By ensuring that quality does not come at a premium, PMBJP is dedicated to improving health outcomes and promoting health equity across the nation.

    This initiative, driven by the Department of Pharmaceuticals, aims to ensure that every individual has access to essential medications without the financial burden often associated with branded drugs. With PMBJP stores (Pradhan Mantri Bhartiya Janaushadhi Kendras) offering generic alternatives that maintain the same quality and efficacy, it empowers communities and promotes healthier lives across the nation. The PMBJP offers an extensive product basket that includes 2047 medicines and 300 surgical devices, catering to various therapeutic groups

    At the core of PMBJP are several key objectives that guide its mission:

    1. Raising Awareness: One of the primary goals is to educate the public about the benefits of generic medicines, emphasizing that affordability does not compromise quality. The initiative works to dispel the myth that high prices are synonymous with high quality.
    2. Encouraging Prescriptions of Generic Drugs: PMBJP aims to inspire healthcare professionals, particularly those in government hospitals, to prescribe generic alternatives, thereby promoting cost-effective treatment options.

    v Enhancing Accessibility: The initiative seeks to provide a wide range of commonly used generic medicines across various therapeutic categories, ensuring that essential healthcare products are available to everyone, especially the marginalized.

     

    The Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) reached a significant milestone, with Janaushadhi medicines worth Rs. 1,000 crore sold in the year 2024-25 till 20th October 2024. This accomplishment is particularly noteworthy as it was achieved two months earlier than in the previous year.

     

    This impressive growth is attributed to the unwavering support of citizens, who have embraced the PMBJP by purchasing medicines from over 14,000 Jan Aushadhi Kendras (JAKs) across the country. These Kendras serve as accessible points for quality healthcare, providing a friendly environment where individuals can find the medications they need without the burden of high costs.

    In the month leading up to this milestone, PMBJP also achieved a noteworthy sales figure of Rs. 200 Crores in September 2024 alone, showcasing the initiative’s rapidly increasing popularity. The growth in sales and the number of JAKs—from just 80 in 2014 to more than 14,000 today—reflects an astonishing increase of over 170 times in a decade. This expansion highlights PMBJP’s commitment to reaching every corner of India, making quality healthcare a reality for millions.

     

    Financial Year

    Number of PMBJP Kendras Functional

    Yearly Addition

    Cumulative

    2022-23

    694

    9,304

    2023-24

    702

    10,006

    2024-25

    4,074

    14,080

      *As on 23 October 2024                                                                                                

    Looking to the Future                                                                                      The vision for PMBJP is both ambitious and impactful, with plans to establish 25,000 Jan Aushadhi Kendras throughout India in the next two years. This expansion aims to further empower communities and enhance accessibility to healthcare, particularly for those who are

    underserved. Nearly 1 million people visiting these user-friendly Kendras daily, the PMBJP ensures that quality healthcare is within reach for everyone, transforming lives and improving

    health outcomes across the nation. By increasing the number of Kendras, PMBJP is dedicated to ensuring that every citizen can easily access the medications they need.

    Quality You Can Trust                                                                                    Quality assurance is a fundamental aspect of the PMBJP. Medicines are procured from manufacturers who comply with stringent standards, including WHO Good Manufacturing Practices (GMP). Each batch of drugs undergoes rigorous testing at laboratories accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL). This ensures that every product meets the highest standards of safety, efficacy, and compliance before reaching the consumer.

    By offering medicines at prices that are generally 50% lower—and in some cases 80% to 90% less than those of branded alternatives—PMBJP plays a crucial role in alleviating the financial burden of healthcare, particularly for those in need. This approach not only promotes health equity but also empowers individuals to prioritize their health without the stress of exorbitant costs.

    Conclusion                                                                                                      The Pradhan Mantri Bhartiya Janaushadhi Pariyojana is a shining example of how thoughtful initiatives can make a profound impact on society. The recent achievement of reaching Rs. 1000 Crores in sales in October 2024 serves as a testament to the trust and support of the community. PMBJP continues to pave the way for accessible, quality healthcare, ensuring that every citizen can enjoy a healthier future.

    By focusing on affordability and accessibility, PMBJP stands as a beacon of hope, championing health equity and empowering individuals across India. As it moves forward, the initiative not only transforms healthcare delivery but also inspires a collective vision of a healthier, more equitable nation.

    Reference:

    https://pib.gov.in/PressReleasePage.aspx?PRID=2066709 https://www.india.gov.in/spotlight/pradhan-mantri-bhartiya-janaushadhi-pariyojana

    https://janaushadhi.gov.in/pmjy.aspx#:~:text=Under%20the%20scheme%2C%20dedicated%20outlets

    ,are%20functional%20across%20the%20country. https://janaushadhi.gov.in/pmjy.aspx#

    Click here to download PDF

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    Santosh Kumar/ Sheetal Angral/ Ishita Biswas

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  • MIL-OSI Asia-Pac: Meeting of Prime Minister with Mr. Xi Jinping, President of the People’s Republic of China on the margins of the 16th BRICS Summit

    Source: Government of India (2)

    Posted On: 23 OCT 2024 7:14PM by PIB Delhi

    Prime Minister Shri Narendra Modi met with Mr. Xi Jinping, President of the People’s Republic of China, on the sidelines of the 16th BRICS Summit at Kazan on 23 October 2024.

    Welcoming the recent agreement for complete disengagement and resolution of issues that arose in 2020 in the India-China border areas, Prime Minister Modi underscored the importance of properly handling differences and disputes and not allowing them to disturb peace and tranquility. The two leaders agreed that the Special Representatives on the India-China boundary question will meet at an early date to oversee the management of peace & tranquility in border areas and to explore a fair, reasonable and mutually acceptable solution to the boundary question. The relevant dialogue mechanisms at the level of Foreign Ministers and other officials will also be utilized to stabilize and rebuild bilateral relations.

    The two leaders affirmed that stable, predictable, and amicable bilateral relations between India and China, as two neighbors and the two largest nations on earth, will have a positive impact on regional and global peace and prosperity. It will also contribute to a multi-polar Asia and a multi-polar world. The leaders underlined the need to progress bilateral relations from a strategic and long-term perspective, enhance strategic communication and explore cooperation to address developmental challenges.

     

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  • MIL-OSI Asia-Pac: Anticipating Cyclone ‘DANA’s’ Impact, Paradip Port Authority Mobilizes Resources, Sets Up Shelters, and Prepares for Emergency Evacuations to Safeguard Lives and Operations

    Source: Government of India (2)

    Anticipating Cyclone ‘DANA’s’ Impact, Paradip Port Authority Mobilizes Resources, Sets Up Shelters, and Prepares for Emergency Evacuations to Safeguard Lives and Operations

    Ahead of Cyclone ‘DANA,’ Paradip Port Authority Implements Precautionary Measures Including Supply of Medicines, Food, and Safe Relocation of Ships to Mitigate Potential Disruptions

    Posted On: 23 OCT 2024 7:13PM by PIB Delhi

    As Cyclone “DANA” draws near, anticipated to affect Paradip Port on October 24th and 25th, 2024, the Paradip Port Authority has initiated a series of precautionary measures to ensure safety and minimize potential disruptions. The India Meteorological Department has issued warnings about the cyclone, prompting swift action from port authorities to protect both assets and personnel.

    In preparation for the severe weather conditions expected with Cyclone “DANA,” the Paradip Port Authority has focused on accelerating all ongoing operations. Directives have been issued to expedite cargo transportation and complete all loading activities from the ships berthed at the port. The priority is to ensure that these processes are wrapped up ahead of the cyclone’s arrival, thereby reducing any risk of damage to cargo and equipment. Additionally, ships currently docked at the port have been directed to move and anchor at designated safe locations at sea to avoid potential accidents or damage caused by turbulent waters.

     

    The safety and welfare of the port’s workforce and surrounding communities are most important during this time of crisis. Paradip Port Authority has arranged several critical facilities to aid in this effort. Among these, an adequate supply of essential items, including medicines, drinking water, and food, has been stocked to address any emergency needs that may arise during and after the cyclone’s impact. These provisions ensure that the immediate needs of those affected can be met swiftly, without delay.

    Moreover, the Paradip Port Authority has set up buses for the evacuation of people from areas that may be most vulnerable to the cyclone’s effects. These buses will facilitate the timely and efficient relocation of individuals to safer locations, minimizing risks to life and ensuring that everyone is moved out of harm’s way before the cyclone’s landfall.

    To manage any potential damage caused by strong winds and heavy rains, the port has also prepared equipment such as power saws for rapid tree cutting and debris removal. This will enable the quick clearance of roads and pathways, allowing for the continued movement of emergency services and aid distribution during the aftermath of the cyclone.

    Additionally, multiple cyclone shelters have been prepared to serve as temporary for those displaced by the storm. These shelters are equipped to accommodate affected individuals and provide a safe environment until it is deemed secure for them to return to their homes.

    The Ministry of Ports, Shipping, and Waterways is closely monitoring the situation and coordinating with all relevant authorities to ensure the safety and well-being of all stakeholders at Paradip Port.

     

    NKK/AK

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  • MIL-OSI Asia-Pac: Union Health Ministry organizes training of Safai Mitras on the ‘Swachhata hi Sewa’ module on the iGOT Platform as a part of Karmayogi Saptah and Special Campaign 4.0

    Source: Government of India (2)

    Union Health Ministry organizes training of Safai Mitras on the ‘Swachhata hi Sewa’ module on the iGOT Platform as a part of Karmayogi Saptah and Special Campaign 4.0

    About 3600 Safai Mitras trained across various Institutes under the Union Health Ministry

    Posted On: 23 OCT 2024 7:12PM by PIB Delhi

    Ms. Punya Salila Srivastava, Union Health Secy chaired  a training of Safai Mitras on the ‘Swachhata hi Sewa’ module on the iGOT Platform as a part of the Karmayogi Saptah (National Learning Week) launched by PM Shri NarendraModi on 19th October and Special Campaign 4.0.

    Around 90 Safai Mitras attended the event at Nirman Bhawan and more than 3500 Safai Mitras were trained in the Institutes under the Union Health Ministry across the nation at the same time.

    Prime Minister, Shri Narendra Modi had inaugurated the National Learning Week (NLW) on the 19th October, 2024, marking a new chapter in Civil Service Capacity Building under the Mission Karmayogi initiative. This groundbreaking effort aims to foster continuous skill enhancement and lifelong learning among civil servants, ensuring that their competencies align with the country’s evolving goals.

    The training session acknowledged the Safai Mitras for their unwavering dedication and also re-emphasized the importance of Swachhata in developing a Viksit Bharat.

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  • MIL-OSI Asia-Pac: Integration between Public and Private sectors is crucial to future growth, says Dr. Jitendra Singh

    Source: Government of India (2)

    Integration between Public and Private sectors is crucial to future growth, says Dr. Jitendra Singh

    AI and BharatGen: Paving the Way for Inclusive Digital Transformation in India

    National Learning Week Session Emphasizes Collaborative Approach to Transform India’s Technological Landscape

    Posted On: 23 OCT 2024 7:01PM by PIB Delhi

    Integration between Public and Private sectors is crucial to future growth, emphasized Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology, Minister of State (Independent Charge) for Earth Sciences, MoS PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, in a pivotal session during the National Learning Week, jointly organized for all level of employees of all the Science Ministries and Departments.

     

    The Union Minister highlighted how the convergence of public sector requirements, private sector innovations, and government efforts is shaping the next phase of technological advancement in the country. Referring to BharatGen, India’s indigenously developed large language model (LLM), and the growing role of AI in governance, Dr.Jitendra Singh stressed that such collaborative efforts are vital to drive innovation, improve public service delivery, and ensure India remains competitive in the global AI landscape. The Minister noted that harnessing private sector expertise, combined with government initiatives like BharatGen and AI applications, will pave the way for scalable, inclusive, and efficient solutions for the nation’s diverse needs.

    Dr. Jitendra Singh further highlighted that the government’s role in this integration is to create an enabling environment that fosters innovation, supports startups, and ensures that technological advancements align with national priorities. “When public demands meet private sector creativity, and government policies facilitate growth, we can achieve scalable and sustainable solutions that benefit the entire country,” the Minister stated. He praised the ongoing collaboration between the public sector and private enterprises in areas like AI and LLMs, which are vital for India’s competitive edge in the global tech landscape.

    The session also saw participation from Secretary, Ministry of Science and Technology, Abhay Karandikar, Secretary Biotechnology Dr Rajesh Gokhale and Secretary, Ministry of Earth Sciences, Dr.M.Ravindran, who echoed Dr.Jitendra Singh’s views on the need for a united approach to ensure sustainable growth and innovation across sectors.

    BharatGen, an indigenously developed large language model (LLM) tailored for Indian languages, was the focal point of a session organized for employees of the Science Ministries as part of the National Learning Week. The session delved into the practical applications of BharatGen across various sectors, emphasizing its potential to revolutionize public service delivery and enhance citizen engagement. By using India-centric data, BharatGen can generate high-quality text and speech outputs in multiple Indian languages, making it a key tool for promoting digital inclusion in the country.

    Experts highlighted how BharatGen can be applied to sectors such as governance, healthcare, and education, helping bridge linguistic gaps and making digital services accessible to a larger segment of India’s population. The model’s ability to understand and respond in regional languages ensures that AI technology is not limited to English speakers, providing a more personalized experience for users. BharatGen’s applications can range from AI-driven customer support for government services to real-time translations and speech-to-text functionalities.

    One of the key takeaways from the session was BharatGen’s role in promoting India’s technological independence. Unlike global AI models, BharatGen prioritizes Indian languages and cultural contexts, addressing the unique challenges faced by the country. This AI model aligns with the vision of Atmanirbhar Bharat, ensuring that India retains control over its digital resources while empowering startups, industries, and public institutions to build on the BharatGen framework for various innovations.

     

    In a dedicated session on Artificial Intelligence (AI) during National Learning Week, employees from the Science Ministries were introduced to the transformative potential of AI in governance and public service delivery. The session highlighted how AI could be used to improve decision-making processes, streamline administrative tasks, and enhance citizen-centric services. By leveraging AI technologies, government departments can increase efficiency, reduce human error, and create more responsive systems to meet the evolving needs of the public.

    The session emphasized the ethical and responsible use of AI, particularly in safeguarding data privacy and maintaining transparency in government functions. Experts outlined the importance of developing AI frameworks that ensure fairness and accountability, particularly when dealing with sensitive data in sectors such as healthcare and governance. Participants were encouraged to explore AI applications in areas like predictive analysis for policy-making and automating routine tasks to focus on more strategic issues.

    A key highlight of the session was the importance of building AI models suited to India’s unique requirements. By focusing on regional languages and culturally relevant contexts, AI can better serve India’s diverse population. The participants were urged to continuously upgrade their AI skills, ensuring that India remains competitive globally while fostering innovation and inclusivity in public services.

    Concluding the session, Dr. Jitendra Singh reiterated the government’s commitment to strengthening partnerships between the public and private sectors, emphasizing that such collaborations are not just beneficial but necessary for India’s long-term growth. He expressed confidence that with sustained efforts and a shared vision, India will continue to lead in technological advancements that are both inclusive and forward-looking.

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  • MIL-OSI Asia-Pac: Railways taking proactive measures to Minimize Cyclone Impact: Relief Operations, Passenger Safety, and Infrastructure Restoration in Focus

    Source: Government of India

    Ministry of Railways

    Railways taking proactive measures to Minimize Cyclone Impact: Relief Operations, Passenger Safety, and Infrastructure Restoration in Focus

    9 war rooms being established across 2 states to promptly restore rail services amid red alert along east coast

    Adequate arrangements including food and water in place at key stations to mitigate the impact of high wind force

    ‘Ensure maximum preparedness with minimal disruption’: Sh. Ashwini Vaishnaw, while reviewing preparedness to deal with ‘Dana’ cyclone

    Posted On: 23 OCT 2024 6:41PM by PIB Delhi

    In view of the severe cyclone ‘Dana’ likely to hit the coasts of Odisha & West Bengal, a high level meeting was conducted in the Ministry of Railways in which preparedness by the concerned Zonal Railways i.e East Coast Railway and South Eastern Railway was reviewed. The High level meeting was chaired by Union Minister for Railways Sh. Ashwini Vaishnaw and Chairman & CEO, Railway Board, all Board Members, General Managers of East Coast Railway and South Eastern Railway, Divisional Railway Managers of Kharagpur, Chakradharpur, Adra and Khurda Road had participated. The Minister for Railways instructed to ensure maximum preparedness with minimal disruption. He also advised that care must be taken to ensure minimum inconvenience to passengers.

    In the meeting, the General Managers of East Coast Railway & South Eastern Railway provided the details regarding preparedness by Railways, which are as under:

    • 9 Round-the-clock Dedicated War rooms shall be established at State Headquarters i.e Bhubaneswar & Garden Reach (Kolkata), Divisional offices of Khurda Road, Visakhapatnam, Sambalpur, Chakradharpur, Adra, Ranchi, Kharagpur and Balasore. These War Room shall be manned by  the officers of Engineering, S&T, Operating, Commercial & RPF so as to take any prompt decision on account of cyclone and will ensure early restoration of services and infrastructure. War Room/Emergency Control Rooms are operational with 20 satellite phones for uninterrupted communication with power back up. Railway is also maintaining constant communication with the India Meteorological Department to receive real-time updates and mobilize resources as necessary
    • Specialized teams are positioned for the swift restoration of tracks, signalling systems, and electrification at various locations such as Soro, Jaleswar and other important stations as and when necessary. Diesel locomotives are also on standby to ensure train operations if power outages occur.
    • More than 600 staff are deployed at all strategic locations such as Bhojudih , Bokaro Steel City, Soro, Nimpura, Adra, Rajgoda, Bachhrawan, Kendua, Kalaghar, Tapang, Chatarpur, Palasa, Hindol Road, Radhakishorepur, Kenduapada, Raghunathpur, Haridaspur with adequate stocks of restoration materials like 57 BOXN boulders, 86 BOBYN Ballast and 123 BOXN sand/ Moorum/ quarry dust etc. Relief vans, 49 Heavy machineries, 7 trolleys and other equipments are also kept on standby to respond to any emergencies. Scratch rake is planned and assembled for carrying relief material or any other requirement with 6-7 coach & placed at Kharagpur. Tower Wagons are arranged and placed at Balasore, Datan, Kharagpur, Rupsa & Haldia.
    • Stations along the Bhubaneswar-Visakhapatnam corridor are being closely monitored due to the Red Alert issued for coastal areas. Adjoining divisions viz. Chakradharpur & Adra are also kept on high alert along with Kharagpur division. A close watch is being maintained over railway bridges, tracks, yards, and signalling systems to prevent damage from heavy rain and flooding. Catch water drains and side drains are being cleared of obstructions like silt and vegetation. Standby Vehicles with drivers are planned at Soro, Balasore, Jaleswar, Kharagpur & Digha in order to tackle passenger evacuations and other contingencies.
    • DG power is planned as an alternative mode of power in Kharagpur-Panskura section, Kharagpur-Bhadrak Section, Tamluk- Haldia Section & Tamluk- Digha section respectively. De-watering pump will be placed at Tamluk, Panskura & Balasore stations. Big hoardings and bill-boards are planned to be removed from the circulating area of the major stations as a safety measure. Continuous Track-patrolling will start from 18 hrs. of 22.10.2024 to 18 hrs. of 25.10.2024, and will be extended if required.
    • Trains are to be controlled/stopped at stations depending upon the windforce and are planned to be regulated with all safety measures. Several train services have been cancelled, diverted, or short-terminated to minimize risk to passengers. These decisions are detailed in official bulletins, and passengers are advised to monitor updates via official railway channels.
    • Help Desk will be set up at all important stations viz. Puri – 8926100356, Khurda road 8926100215, Bhubaneswar- 8114382371, Cuttack– 8114382359, Paradip- 8114388302, Jajpur Keonjhar Road-8114382342, Bhadrak-8114382301, Palasa- 8114382319, Brahamapur- 8114382340 and Frequent Announcements will be made amongst passengers as well as public.
    • Medical Team with adequate Chlorine Tablet, Bleaching & other medicines are placed at Mecheda, Tamluk, Kharagpur & Balasore to tackle any need/emergency. Adequate food arrangements with baby food are made at all important stations in order to cater the trains which might be controlled due to cyclone. Water-tank of adequate capacity are planned & placed at all the important stations and at places where railway colonies are located.

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    Dharmendra Tewari/Kshitij Singha

    (Release ID: 2067428)

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  • MIL-OSI Asia-Pac: AI to be instrumental in realizing Prime Minister’s vision of a “Viksit Bharat” by 2047: Minister Hardeep S Puri at ENRich 2024

    Source: Government of India (2)

    AI to be instrumental in realizing Prime Minister’s vision of a “Viksit Bharat” by 2047: Minister Hardeep S Puri at ENRich 2024

    Potential economic impact of AI is immense; AI adoption can generate Rs 33.8 Cr of economic value in country by 2030: Hardeep Puri

    Shri Puri highlights role of AI in Transformation of Energy Sector

    Posted On: 23 OCT 2024 6:09PM by PIB Delhi

    Addressing the ENRich 2024, KPMG’s Annual Innovation and Energy Conclave, Shri Hardeep Singh Puri, Minister of Petroleum and Natural Gas, underscored the pivotal role of artificial intelligence (AI) in transforming the energy sector. With the theme “AI for Energy,” the Minister described the convergence of AI and energy as both timely and transformative, marking a critical step in shaping the future of the industry. He emphasized that AI is set to revolutionize operations, drive efficiency, and accelerate the shift towards a more sustainable energy landscape.

     

    The Minister highlighted how AI is rapidly being adopted across industries and will be instrumental in realizing the  Prime Minister’s vision of a “Viksit Bharat” by 2047.

    Focusing on the oil and gas sector, Shri Puri shared how AI and generative AI (GenAI) are optimizing operations by leveraging real-time data and insights. He pointed out that international oil companies are making significant investments in AI to enhance operational efficiency, improve safety, and contribute to the transition towards a low-carbon future.

    Shri Puri noted that the Indian Public Sector Undertakings (PSUs) in the energy domain are also harnessing AI and Machine Learning (ML) to improve safety, security, and operational efficiencies at various locations. Through advanced tools like demand forecasting, customer analytics, and pricing analytics, AI is enhancing the overall customer experience in the energy sector.

    In the upstream oil and gas sector, the Minister said, AI-enabled mechanisms such as deep learning are being used to analyze complex seismic data for identifying potential hydrocarbon reservoirs. Additionally, he said, AI-based prediction of drilling complications and real-time optimization of drilling parameters has proven effective in improving drilling efficiency and reducing operational costs.

    Shri Puri noted the comprehensive integration of AI tools across the energy value chain, from upstream exploration and production to midstream storage and downstream refining and distribution. He observed that this shift marks a departure from the traditional engineering mindset that has long dominated the industry.

    As an example, he pointed to the modernization of India’s National Data Repository, now upgraded to a cloud-based platform. This platform supported by a government investment of Rs. 7,500 crore, enables instant access to seismic and production data, he noted.

    Citing research by J.P. Morgan, the Minister discussed the potential of generative AI to increase global GDP by $7–10 trillion over the next three years, leading to a major boost in workforce productivity and reshaping the global economy.

    Shri Puri further emphasized that India, with its growing economy, youthful population, and thriving tech ecosystem, is poised to benefit greatly from AI. Reports suggest that AI adoption could contribute at least Rs. 33.8 lakh crore to India’s economy by 2030, he said.

    He also highlighted the success of the Universal Connectivity and Digital India initiatives, which have driven a dramatic increase in internet subscribers from 251.59 million in 2014 to 954.40 million in 2024, achieving a CAGR of 14.26%.

    The Minister applauded KPMG’s efforts to foster entrepreneurship and support the start-up ecosystem through initiatives like “ENRich Labs” for innovation and co-creation with the industry.

    Highlighting India’s booming start-up ecosystem, the Minister noted that India is now the world’s third-largest hub for unicorn start-ups, following the USA and China, with a combined valuation of approximately USD 350 billion. He emphasized that these start-ups are reshaping the Indian economy and transforming markets.

    Stressing on the oil and gas sector, Shri Puri shared that Oil and Gas PSUs have set up startup funds totaling Rs. 505 crore. So far, 287 start-ups have received funding, with Rs. 271 crore already disbursed to promote innovation and growth in the sector.

    The Minister also talked about the Avinya’25, launched recently based on the overwhelming success of Avinya’24. The initiative aims to encourage entrepreneurs, researchers, academicians, and students to propose innovative solutions that can shape the future of the energy sector. The application period for Avinya’25 opened on 30thSeptember 2024, with a submission deadline of 2ndDecember 2024. Shri Puri urged everyone to actively participate and contribute to the event’s success

    Shri Puri concluded by urging stakeholders to explore the untapped potential in India’s energy sector, stressing the importance of sustainable business practices that align with societal and environmental goals.

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  • MIL-OSI Asia-Pac: Union Minister Shri Jayant Chaudhary to felicitate WorldSkills 2024 winners tomorrow

    Source: Government of India

    Posted On: 23 OCT 2024 5:45PM by PIB Delhi

    Minister of State (I/C), Ministry of Skill Development and Entrepreneurship (MSDE) and MoS, Ministry of Education Shri Jayant Chaudhary to honor the outstanding achievements of the Indian delegation at the WorldSkills 2024 competition during a  Felicitation Ceremony in New Delhi tomorrow.

    India has made a remarkable mark on the global stage at WorldSkills 2024 at Lyon in France, by winning four Bronze medals in different categories. These are: Ashwitha Police in Patisserie and confectionery; Dhrumil Kumar Dhirendra Kumar Gandhi and Sathyajith Balakrishnan in Industry 4.0; Joethir Adithya Krishnapriya Ravikumar in Hotel Reception and Amaresh Kumar Sahu in Renewable Energy category.

    In addition, the Indian delegation earned 12 Medallions of Excellence, a testament to their exceptional skills and consistent performance across various trades. India’s performance at WorldSkills 2024 was a strong showing on the global stage, with the country competing against other global giants like China, Japan, Germany, and the USA.

    The event will also be graced by Shri Atul Kumar Tiwari, Secretary, MSDE, and Shri Ved Mani Tiwari, CEO, NSDC, Sector Skill Council Experts and Industry/Academia Partners for WorldSkills 2024.

    WorldSkills Lyon 2024 saw more than 1,400 participants from over 70 countries competing in diverse skill categories, and the Indian competitors stood its ground among the best in the world, showcasing their talent and innovation in front of an international audience. India competed in 52 skills against countries like China, Japan, Korea, Singapore, Germany, Brazil, Australia, Columbia, Denmark, France, UK, South Africa, Switzerland, USA, etc.

    The Indian contingent’s success at WorldSkills 2024 is a significant milestone in the country’s journey toward becoming a global skills leader. Winning the Bronze medal in Patisserie and Confectionery in France, the global epicenter of fine pastry and baking, is an extraordinary achievement. It signifies India’s rising prowess in culinary arts, proving that Indian talent can stand shoulder-to-shoulder with the best in a country renowned for its mastery in this craft.

    India’s 12 Medallions of Excellence at WorldSkills 2024 highlight the nation’s prowess across a range of traditional and emerging skills, from Mechatronics and Cyber Security to Jewellery and Beauty Therapy. These achievements underscore India’s leadership in both innovation-driven fields like Additive Manufacturing and Web Technology, as well as craftsmanship in areas like Cabinet Making and Cooking.

    The success of the Indian competitors at WorldSkills 2024 is a testament to the rigorous preparation and industry support they received throughout their journey. Each participant underwent extensive training, supported by industry experts, mentors, and the best-in-class infrastructure provided by organizations across various sectors.

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  • MIL-OSI Asia-Pac: Prime Minister participates in the 16th BRICS Summit

    Source: Government of India

    Posted On: 23 OCT 2024 5:42PM by PIB Delhi

    Prime Minister Shri Narendra Modi participated in the 16th BRICS Summit held under Russia’s Chairship, in Kazan today.

    The BRICS leaders had productive discussions including on strengthening multilateralism, countering terrorism, fostering economic growth, pursing sustainable development and bringing spotlight on the concerns of the Global South. The leaders welcomed the 13 new BRICS partner countries.

    ​Prime Minister addressed two sessions of the BRICS Summit. In his address, PM noted that the Summit is happening at a time when the world is undergoing several uncertainties and challenges including conflicts, adverse climatic impacts, and cyber threats, placing greater expectations upon BRICS. PM suggested that the group take a people-centric approach to tackle these challenges. PM also underlined the need for early adoption of a Comprehensive Convention on International Terrorism at the United Nations to combat the menace of terrorism.

    PM called upon BRICS to proactively push for global governance reforms. Recalling the Voice of Global South Summits hosted by India during its G-20 Presidency, he stressed that the group must give primacy to the concerns of the Global South. PM noted that the regional presence of the New Development Bank including in GIFT city, India, has created new values and impacts. Highlighting BRICS’ activities to foster economic growth, he emphasized that its efforts on trade facilitation in agriculture, resilient supply chains, e-commerce and Special Economic Zones have generated new opportunities. He underlined the need to prioritise small and medium scale industries. He expressed that the BRICS Startup Forum initiated by India which is to be launched this year would add significant value to the BRICS economic agenda.

    Prime Minister elaborated on the recent green initiatives undertaken by India including the International Solar Alliance, Coalition for Disaster Resilient Infrastructure, Mission LIFE and Green Credit initiative announced during COP28. He invited BRICS countries to join these initiatives.

    Prime Minister congratulated President Putin for successfully hosting the 16th BRICS Summit and conveyed wishes to Brazil as it takes over the presidency of the group. At the conclusion of the Summit, the leaders adopted the ‘Kazan Declaration’.

    Address of PM at the Closed Plenary may be seen here.

    Address of PM at the Open Plenary may be seen here.

     

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  • MIL-OSI Asia-Pac: Ministry of Heavy Industries Embarks on Special Campaign 4.0 to Enhance Swachhata and Reduce Pendency

    Source: Government of India

    Posted On: 23 OCT 2024 5:29PM by PIB Delhi

    Drawing inspiration from Hon’ble Prime Minister Shri Narendra Modi’s vision to institutionalize Swachhata and enhance workplace efficiency, the Ministry of Heavy Industries (MHI), along with its Central Public Sector Enterprises (CPSEs) and Autonomous Bodies (ABs), is actively participating in the main phase of Special Campaign 4.0. This campaign, which commenced on 2nd October and will continue through 31st October 2024, aims to make impactful improvements in public sector workplaces nationwide.

    Union Minister of Heavy Industries & Steel, Shri H.D. Kumaraswamy, actively participated in a cleanliness drive alongside workers at the HMT Campus in Bengaluru. He emphasized Hon’ble Prime Minister Shri Narendra Modi’s vision for a Swachh Bharat and called for continued efforts toward a “Swachh, Sundar, and Samarth Bharat” for future generations.

    During the Preparatory Phase of Special Campaign 4.0, MHI Secretary Shri Kamran Rizvi conducted inspections across identified cleanliness sites within MHI offices. He directed senior officers to contribute their best efforts to meet the targets set for the campaign, underscoring MHI’s commitment to a cleaner, more organized workplace environment.

     

    Significant Achievements in Special Campaign 4.0

    As a result of ongoing efforts, the campaign has already achieved substantial milestones:

    * Over 12.53 lakh sq. ft. of space has been cleared.

    * 24,997 physical files have been reviewed, with 7,428 files weeded out, and more than 3801 digital files closed.

    * Revenue of Rs. 1.59 crore has been generated through scrap disposal.

     

     

    On social media, more than 402 posts have been shared on X by official handles of CPSEs and ABs, highlighting the key activities and achievements under Special Campaign 4.0.

     

    Cleanliness and transformative drive at Nepa limited, a CPSE under MHI

     

    Cleanliness and transformative drive at BHEL’s Bhopal Unit

     

    Nationwide Engagement Across CPSEs/ABs

    CPSEs and ABs under MHI are actively carrying out cleanliness initiatives across their corporate offices, regional offices, manufacturing units, and project sites. Special cleanliness drives have been organized at over 923 sites across India, achieving 100% of the planned activities under the campaign.

    Cleanliness and transformative drive at HMT Machine Tools Bengaluru Complex

     

    Best Practices Adopted by CPSEs/ABs

    MHI and its affiliated bodies have adopted several best practices during Special Campaign 4.0, focusing on creating long-term value and setting benchmarks in workplace cleanliness and efficiency. These efforts underscore the Ministry’s commitment to contribute meaningfully to the Hon’ble Prime Minister’s vision for a cleaner and more efficient India.

    Cleanliness and transformative drive at ICAT, an Autonomous Body Under MHI

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  • MIL-OSI Asia-Pac: Ministry of Social Justice and Empowerment to host a mega cultural event – ‘Aradhana’ – Celebrating Graceful Ageing and the Richness of Indian Traditions

    Source: Government of India

    Ministry of Social Justice and Empowerment to host a mega cultural event – ‘Aradhana’ – Celebrating Graceful Ageing and the Richness of Indian Traditions

    The event to honour and celebrate senior citizens through a series of captivating cultural performances by artists aged over 60 years

    Posted On: 23 OCT 2024 5:23PM by PIB Delhi

    The Ministry of Social Justice and Empowerment (MoSJE) is set to host the mega cultural event ‘Aradhana’, with the theme, ‘Celebrating Graceful Ageing – Life Begins at 60’, on 24th October 2024, at Dr. Ambedkar International Centre (DAIC), New Delhi. Union Minister of State for Social Justice and Empowerment, Shri B. L. Verma would preside over the event as the Chief Guest. Other dignitaries in attendance would include Dr. Aabha Chaudhary, Chairperson, NGO Anugraha and senior officials of the Ministry.

    The event would be focusing on the Ministry’s commitment to the well-being of senior citizens and the promotion of active ageing in India. It would highlight the role that elders play in preserving and passing down the country’s rich artistic heritage. The event would honour and celebrate senior citizens through a series of captivating cultural performances by artists aged 60 years and above.

    Event Highlights:

    • A mesmerizing Odissi dance performance by Guru Ranjana Gauhar, an iconic figure in Indian classical dance.
    • A vocal recital by Pt. Sajan Mishra, one of India’s most respected classical vocalists, known for his soulful renditions.
    • An ensemble of folk-dance performances, showcasing the vibrant and diverse cultural traditions of India.

    ‘Aradhana’ would emphasize the traditional Indian values of the Guru Shishya Parampara, inter-generational solidarity, and the respect and care that senior citizens receive in Indian society. Through this celebration, the Ministry aims to foster a greater understanding of the cultural significance of ageing gracefully and the vital contributions that older adults make in preserving the traditions of art and culture.

    The event would serve as a platform to highlight the critical importance of inter-generational relationships, with a strong emphasis on preserving India’s cultural legacy. Through the performances, the event will promote respect, care, and appreciation for senior citizens as they continue to contribute to society in meaningful ways.

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  • MIL-OSI Asia-Pac: English Translation of Prime Minister’s Remarks at the Open Plenary of the 16th BRICS Summit

    Source: Government of India

    Posted On: 23 OCT 2024 5:22PM by PIB Delhi

    Your Highness,
    Excellencies,

    Ladies and Gentlemen,

    Congratulations to President Putin for the excellent organisation of the 16th BRICS Summit.

    And, once again, a warm welcome to all the new friends who have joined BRICS. In its new avatar, BRICS accounts for 40 per cent of the world’s humanity and about 30 per cent of the global economy.

    In the last nearly two decades, BRICS has achieved many milestones.I am confident that in the times to come, this organisation will emerge as a more effective medium to face global challenges.

    I would also like to convey warm greetings to Her Excellency Dilma Rousseff, President of the New Development Bank.

    Friends,

    In the last ten years, this bank has emerged as an important option for the development needs of the countries of the Global South.The opening of GIFT or Gujarat International Finance Tech City in India as well as regional centres in Africa and Russia has boosted the activities of this bank. And, development projects worth about USD 35 billion have been sanctioned. NDB should continue to work on the basis of the demand driven principle. And, while expanding the bank, ensuring long-term financial sustainability, healthy credit rating and market access should remain a priority.

    Friends,

    In its new expanded avatar, BRICS has emerged as an economy of more than USD 30 trillion dollars.The BRICS Business Council and the BRICS Women Business Alliance have played a special role in increasing our economic cooperation.

    This year, the consensus reached within BRICS on WTO reforms, trade facilitation in Agriculture, resilient supply chains, e-commerce and Special Economic Zones will strengthen our economic cooperation.Amidst all these initiatives, we should also focus on the interests of small and medium scale industries.

    I am pleased that the BRICS Startup Forum proposed during India’s presidency in 2021 will be launched this year. The Railway Research Network initiative taken by India is also playing an important role in increasing logistics and supply chain connectivity among BRICS countries. This year, the consensus reached by BRICS countries, in collaboration with UNIDO, to prepare a skilled work force for Industry 4.0 is quite significant.

    The BRICS Vaccine R&D Centre launched in 2022 is helping increase health security in all the countries. We would be happy to share India’s successful experience in Digital Health with BRICS partners.

    Friends,

    Climate Change has been a subject of our common priority.

    The consensus reached for the BRICS Open Carbon Market Partnership under Russia’s presidency is welcome. In India too, special emphasis is being laid on green growth, climate resilient infrastructure and green transition. Indeed, India has taken up several initiatives like the International Solar Alliance, Coalition for Disaster Resilient Infrastructure, Mission LiFE i.e. Lifestyle for Environment, Ek Ped Maa Ke Naam or a Tree in the name of mother.

    Last year, during COP-28, we started an important initiative called Green Credit.I invite BRICS partners to join these initiatives.

    Special emphasis is being laid on the construction of infrastructure in all BRICS countries.

    We have established a digital platform called the Gati-Shakti portal to rapidly expand multi-modal connectivity in India. This has helped in integrated infrastructure development planning and implementation and has reduced logistics costs.

    We will be happy to share our experiences with all of you.

    Friends,

    We welcome efforts to increase financial integration among BRICS countries.

    Trade in local currencies and smooth cross-border payments will strengthen our economic cooperation. The Unified Payments Interface (UPI) developed by India is a huge success story and has been adopted in many countries.

    Last year, together with His Highness Sheikh Mohamed, it was launched in the UAE as well. We can also cooperate with other BRICS countries in this area.

    Friends,

    India is fully committed to increasing cooperation under BRICS.

    Our strong belief in our diversity and multipolarity is our strength. This strength of ours, and our shared belief in humanity, will help in giving a meaningful shape to a prosperous and a bright future for the generations to come.

    I thank everyone for today’s very important and valuable discussions.

    As the next President of BRICS, I extend my heartfelt best wishes to President Lula. India will give its full support for the success of your BRICS presidency.

    Once again, many thanks to President Putin and all the leaders.

    DISCLAIMER – This is the approximate translation of Prime Minister’s remarks. Original remarks were delivered

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: INDIAN ARMY TO HOST THE SECOND EDITION OF CHANAKYA DEFENCE DIALOGUE: A GLOBAL PLATFORM FOR STRATEGIC INSIGHTS

    Source: Government of India (2)

    Posted On: 23 OCT 2024 5:19PM by PIB Delhi

    The Indian Army is set to host the second edition of its flagship international seminar, the Chanakya Defence Dialogue, on October 24 and 25,, 2024  at the Manekshaw Centre, New Delhi. Themed “Drivers in Nation Building: Fuelling Growth Through Comprehensive Security,” this high-profile event will facilitate vital discussions on integrating security dynamics within national and international policymaking, and aims to craft visionary strategies for sustainable and inclusive growth.

    The two-day event will bring together an exceptional group of policymakers, strategic thinkers, academics, defence personnel, veterans, scientists, and SMEs from India and abroad, with prominent speakers from the United States, Russia, Israel, and Sri Lanka. The dialogue will explore India’s strategic pathways towards Viksit Bharat @2047, focusing on the role of comprehensive security in national development.

    Hon’ble Raksha Mantri Shri Rajnath Singh will inaugurate the event as the Chief Guest, where he will also launch the Indian Army’s Green Initiative 1.0 and Digitisation of IA 1.0. He will deliver a keynote address on ‘India’s Vision for Development and Security,’ underscoring the importance of comprehensive security in achieving Viksit Bharat @2047. General Upendra Dwivedi, Chief of the Army Staff, will also address the audience, highlighting the Indian Army’s significant contributions to nation-building, including initiatives aligned with Atmanirbhar Bharat.

    The Chanakya Defence Dialogue will consist of six expert-led sessions, each focusing on critical aspects of comprehensive security:

    Session 1. Geopolitical Dynamics: Navigating the International Coliseum

    This session will delve into the shifting geopolitical landscape and how nations navigate strategic partnerships while balancing national interests and global objectives. The panel will explore the impact of evolving global power structures on India’s strategic positioning, highlighting the growing importance of alliances and multilateral cooperation in an increasingly polarized world.

    Moderator: Ms Palki Sharma (Network 18)

    Panellists:

    • Ms. Lisa Curtis (Centre for a New American Security)
    • Ms. Carice Witte (SIGNAL Group, Israel)
    • Ambassador Kanwal Sibal (Former Foreign Secretary, Government of India)

    The panel will provide insights into geopolitical shifts, focusing on India’s role in the Indo-Pacific, its relations with key global powers, and the opportunities and challenges these present for India’s national security and development goals.

    Session 2. Economic Development Strategies & National Security Imperatives

    This session will examine how economic development and national security are interconnected, exploring the importance of a resilient economy for maintaining a strong defence posture. Panellists will discuss strategies for integrating economic policies with national security imperatives, and how India can leverage its growing economic strength to enhance its global influence.

    Moderator: Ms. Gaurie Dwivedi (NDTV)

    Panellists:

    • Mr. Asanga Abeyagoonasekera (IMF Technical Advisor)
    • Dr. G S Reddy (Former Scientific Advisor to the Prime Minister)
    • Dr. Sanjeev Sanyal (Member, PM’s Economic Advisory Council)

    Key themes will include leveraging economic reforms, boosting domestic industrial capacities, and aligning economic growth with defence production under the Atmanirbhar Bharat initiative. The session will also explore how economic resilience can act as a deterrent against external threats.

    Session 3. Environmental Sustainability: Balancing Growth with Ecological Concerns

    With growing global focus on climate change, this session will explore the need to balance economic growth with environmental sustainability. It will discuss how India can achieve development goals while ensuring that ecological concerns are addressed, particularly in the context of national security.

    Moderator: Dr. Tara Kartha (Director Research & Academics, CLAWS)

    Panellists:

    • Ms. Elizabeth Threlkeld (Stimson Center, US)
    • Mr. Rushikesh Chavan (Habitats Trust)
    • Lt Gen S A Hasnain (Retd)

    Panellists will discuss how sustainable development can contribute to long-term security by mitigating resource-driven conflicts, enhancing disaster preparedness, and ensuring the well-being of future generations. The session will emphasize the role of the military in ecological preservation, particularly in high-altitude and environmentally sensitive regions.

    Session 4. Social Cohesion and Inclusive Growth: Pillars of a Secure Nation

    This session will focus on the importance of social unity and inclusive growth for national security. The panel will examine how internal security can be strengthened by fostering social cohesion, addressing economic disparities, and promoting inclusive development across all sections of society.

    Moderator: Mr. RR Swain (Former DGP J&K Police)

    Panellists:

    • Dr. Sudhanshu Trivedi (Member of Parliament)
    • Ms. Meenakshi Lekhi (Former MP and Lawyer)
    • Gen V K Singh (Retd) (Former COAS & ex-Minister of State for External Affairs)

    The discussion will highlight the role of law enforcement, legal frameworks, and policy initiatives in promoting internal security, with a focus on integrating marginalized communities into the national fabric. The panellists will offer strategies to merge social cohesion initiatives with internal security policies, fostering a shared national identity and promoting peace and stability.

    Session 5. Blurring Frontiers: The Convergence of Technology & Security

    This session will explore the integration of emerging technologies into national security frameworks. As new technologies such as artificial intelligence, cyber warfare, and unmanned systems revolutionize warfare, the session will discuss how India can stay ahead of the curve while ensuring that technological advancements are deployed ethically and responsibly.

    Moderator: Lt Gen Raj Shukla (Retd)

    Panellists:

    • Dr. Chintan Vaishnav (NITI Aayog)
    • Brig Gen Eran Ortal (SIGNAL Group, Israel)
    • Mr. Dmitry Stefanovich (IMEMO, Russia)

    Panellists will explore the advantages and challenges of integrating AI, robotics, and other emerging technologies into security operations. The session will also address ethical considerations such as privacy, responsible use, and societal alignment, ensuring that technological advances serve national security without compromising civil liberties.

    Session 6. Groundbreakers: Shaping Land Warfare, Reflections for the Indian Army

    This concluding session will focus on the future of land warfare and how the Indian Army can adopt advanced technologies to enhance battlefield readiness. Panellists will examine lessons from global military practices and how India can foster homegrown defence technologies under the Atmanirbhar Bharat initiative.

    Moderator: Vice Admiral A B Singh (Retd)

    Panellists:

    • Dr. Konstantin Bogdanov (IMEMO, Russia)
    • Prof. Amit Gupta (University of Illinois, US)
    • Dr. Patrick Bratton (US Army War College)

    The discussion will explore the evolving nature of land warfare, emphasizing the need for the Indian Army to develop indigenous technological capabilities while leveraging strategic partnerships with global military and industrial leaders. The panel will debate how to balance innovation with operational effectiveness, creating responsible and sustainable military solutions.

    On the second day, Chanakya Defence Dialogue will feature special addresses by Dr. S Somanath, Chairman of ISRO, on the critical significance of India’s expanding space sector, and Ms. Ruchira Kamboj, Former Permanent Representative of India to the UN, who will share insights on India’s evolving position in a multipolar world and the need for strong diplomatic measures to safeguard national interests.

    The dialogue will conclude with a closing address by Lt Gen N S Raja Subramani, Vice Chief of the Army Staff, who will summarize the key takeaways from the event, reaffirming the Indian Army’s commitment to ensuring a secure, prosperous, and Viksit Bharat @2047.

    Through its comprehensive and diverse discussions, the Chanakya Defence Dialogue 2024 will serve as a landmark platform, fostering collaboration among military leaders, policymakers, strategic thinkers, and security specialists from around the world. This event is set to influence India’s strategic direction on national security and development, helping shape a secure and thriving future for the nation.

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  • MIL-OSI Asia-Pac: PM Young Achievers’ Scholarship Award Scheme for Vibrant India (PM YASASVI)

    Source: Government of India (2)

    Posted On: 23 OCT 2024 5:17PM by PIB Delhi

    Background/Introduction

    With a vision of “Sabka Sath, Sabka Vikas”, the Ministry of Social Justice and Empowerment has implemented the PM Young Achievers Scholarship Award Scheme for Vibrant India (PM-YASASVI). This comprehensive umbrella scheme is aimed at uplifting students from Other Backward Classes (OBC), Economically Backward Classes (EBC), and Denotified Tribes (DNT) by providing them with access to quality education during their formative years.

    The PM YASASVI scheme consolidates and enhances several earlier initiatives, including the Dr. Ambedkar Post-Matric Scholarship Scheme for EBCs and the Dr. Ambedkar Pre-Matric and Post-Matric Scholarship Scheme for DNTs, which were subsumed under this program starting from 2021-22. By integrating these schemes, PM YASASVI aims to ensure a more streamlined and impactful approach to supporting the educational needs of socially and economically disadvantaged students.

     

    Objective

    The overarching goal of the scheme is to promote educational empowerment among these vulnerable groups, helping them overcome financial barriers and complete their education. This initiative not only fosters individual academic growth but also contributes to the broader vision of creating a more inclusive and equitable society.

    Under this Scheme students can avail Pre-Matric Scholarship from Class 9 to 10 and Post Matric Scholarship for their higher studies at post-matriculation or post-secondary stage. Students who excel in their studies also get an opportunity of Scholarship to study in Top Class Schools and Colleges under the Scheme of ‘Top Class School Education’ and ‘Top Class College Education’. Hostel facilities are also provided to OBC students under the ‘Scheme of Construction of Hostels for OBC boys and girls.’

    PM –YASASVI for OBC, EBC and DNT students has been formulated having following five sub-schemes:

    • Pre-Matric Scholarship for OBC, EBC and DNT Students
    • Post-Matric Scholarship for OBC, EBC and DNT Students
    • Top Class School Education for OBC, EBC and DNT Students
    • Top Class College Education for OBC, EBC and DNT Students
    • Construction of Hostel for OBC Boys and Girls

    Scope

    The Pre-Matric Scholarship is designed for students in classes IX and X attending government schools, offering an annual academic allowance of Rs. 4,000 to families with an income below Rs. 2.5 lakh. For the 2023-24 academic year, Rs. 32.44 crore has been allocated to states and Union Territories for its implementation. The Post-Matric Scholarship supports students pursuing post-secondary education, providing academic allowances ranging from Rs. 5,000 to Rs. 20,000 based on the category of the course. For this scheme, Rs. 387.27 crore has been released for the current year.

    Additionally, the Top Class School and College Education schemes are designed to support meritorious students from OBC, EBC, and DNT categories. These programs cover tuition fees, hostel expenses, and other academic costs, with school students (Class 9-12) eligible for funding up to Rs. 1.25 lakh annually. College students at top institutions receive full financial support, including tuition, living expenses, and educational materials. To further enhance access to education, Rs. 12.75 crore has been allocated in 2023-24 under the ‘Construction of Hostels for OBC Boys and Girls’ scheme, which aims to provide accommodation for socially and educationally backward students near government schools and institutions, ensuring they have better access to quality education.

    Benefits

    The PM YASASVI aligns with the government’s broader vision of fostering inclusivity, equity, and societal upliftment. By offering comprehensive support to students from OBC, EBC, and DNT categories, it directly addresses the systemic barriers that prevent many from accessing quality education. This initiative not only ensures financial assistance but also promotes educational empowerment for some of the most vulnerable sections of society, thereby creating opportunities for upward mobility and self-reliance.

    The scheme’s focus on supporting students at both school and college levels helps to nurture talent from an early age and carry it through to higher education, laying a strong foundation for personal and professional growth. Moreover, by integrating earlier scholarship initiatives into a single, streamlined program, PM YASASVI enhances the impact of these efforts, contributing to the creation of a more inclusive and equitable education system. PM-YASASVI is ensuring that no student is left behind in the pursuit of academic and social progress. This scheme is playing a crucial role in the welfare and upliftment of marginalized communities, enabling them to contribute meaningfully to the vision of Viksit Bharat @ 2047.

    Impact

    The PM YASASVI (Young Achievers Scholarship Award Scheme for Vibrant India) scheme has made significant strides in providing financial assistance to students from Other Backward Classes (OBC), Economically Backward Classes (EBC), and De-Notified Tribes (DNT). In Financial Year 2023-24, a substantial sum of ₹ 193.83 cr. was allocated for the Pre-Matric Scholarship, benefiting 19.86 lakh students during 2023-24, with further beneficiaries for 2023-24 expected. Similarly, under the Post-Matric Scholarship scheme, ₹988.05 cr. was released, benefiting 27.97 lakh students in 2023-24. These scholarships aim to empower underprivileged students by alleviating financial burdens, thereby promoting education across marginalized communities.

    Additionally, the government has invested in other educational support initiatives. ₹14.30 cr. has been released for the construction of hostels, accommodating 1146 students in 2023-24. Top-class education programs and overseas study interest subsidies have also seen significant funding, reaching thousands of students. For example, ₹ 111.18 cr. was allocated to support 4762 students in top Class education in college scheme and Rs. 6.55 Cr. Was allocated to support 2602 students in Top Class education in Schools for OBC, EBC & DNT Students and ₹ 56.24 Cr. was granted as interest subsidies to 2789 students pursuing overseas education. These efforts reflect the growing impact of the PM YASASVI scheme, which is transforming the educational landscape for disadvantaged students, enabling them to achieve their academic potential and contributing to overall societal upliftment.

    *Any additional documents specified in the application form

     

    Key Points

    • Selection Process: The YASASVI Entrance Test (YET) 2023 is the basis for candidate selection, conducted by the National Testing Agency (NTA) under the direction of the Ministry of Social Justice and Empowerment (MSJ&E), Government of India.
    • Eligibility: Open to OBC, EBC, and DNT students with a total annual family income of up to ₹2.50 lakhs. Additional eligibility criteria may apply, depending on the specific scholarship scheme.
    • Where to Apply: Eligible students can apply online at the National Scholarship Portal: scholarships.gov.in.

    Conclusion

    By offering a comprehensive array of scholarships and support programs, PM-YASASVI is addressing the financial constraints that often hinder access to education for marginalized communities. The integration of various earlier schemes into one streamlined initiative ensures that students are supported from their school years through to higher education, creating pathways for personal and professional growth. With the government’s ongoing commitment to expanding access to quality education, the PM YASASVI Scheme is making a tangible impact on the lives of thousands of students, helping to create a more inclusive and prosperous India.

    References:

    https://www.myscheme.gov.in/schemes/pm-yasasvitcceobcebcdnts

    https://socialjustice.gov.in/public/ckeditor/upload/65661651839791.pdf

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1999638

    https://pib.gov.in/Pressreleaseshare.aspx?PRID=1847840

    https://pib.gov.in/PressReleseDetailm.aspx?PRID=1844993&reg=3&lang=1

    https://pib.gov.in/PressReleseDetail.aspx?PRID=1913930&reg=3&lang=1

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1808243

    https://yet.nta.ac.in/

    Click here to see in PDF:

    Santosh Kumar/ Sarla Meena/ Kajal Sumal

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: National Learning Week: Empowering India’s Public Service through Knowledge Sharing

    Source: Government of India (2)

    National Learning Week: Empowering India’s Public Service through Knowledge Sharing

    Speakers for tomorrow’s webinars (24-10-2024)

    Posted On: 23 OCT 2024 5:13PM by PIB Delhi

    As ‘Karmayogi Saptah’ progresses under the banner of Mission Karmayogi, launched by Prime Minister Shri Narendra Modi, the National Learning Week (NLW) continues to foster lifelong learning and skill development for civil servants. The webinars scheduled for October 24, 2024, feature prominent experts discussing a wide range of topics critical to building India’s future, including research, infrastructure, public health, workplace culture, and education.

    The goal is to provide actionable insights for government officials to improve their effectiveness and contribute to a stronger, more responsive public service.

    Key Highlights of the Day:

    Mr Kris Gopalakrishnan

    Topic: Making India an R&D Superpower

    Time: 9 am – 10 am

    Mr Kris Gopalakrishnan, Chairman of Axilor Ventures, will address India’s journey towards becoming a global leader in research and development (R&D). He will highlight the critical areas where India can advance to build robust innovation ecosystems that propel the country towards R&D excellence.

    Mr Vinayak Chatterjee

    Topic: Stages of Infrastructure Development: The Indian Experience

    Time: 10 am – 11 am

    Founder and Managing Trustee of The Infravision Foundation, Mr Vinayak Chatterjee will discuss India’s infrastructure development journey. His talk will cover key phases of growth, challenges faced and the path forward for creating sustainable and world-class infrastructure.

    Dr. Soumya Swaminathan

    Topic: India Public Health Towards Viksit Bharat

    Time: 12 pm – 1 pm

    Dr. Soumya Swaminathan, Chairperson of the M.S. Swaminathan Research Foundation (MSSRF), will shed light on India’s public health challenges and solutions. She will outline a vision for how public health efforts can contribute to realizing the goal of a developed India (‘Viksit Bharat’).

    Sister B.K. Shivani

    Topic: Creating a Mindful Work Culture: Strategies for Leaders and Teams

    Time: 3 pm – 4 pm

    Sister B.K. Shivani from the Brahma Kumaris World Spiritual Organization will lead a session on building a mindful work culture. Her presentation will focus on how leaders and teams in public service can foster a supportive, mentally healthy, and balanced work environment through mindfulness and self-awareness.

    Mr Anurag Behar

    Topic: Inclusive Education & Capacity Building for Public Service

    Time: 5 pm – 6 pm

    Mr Anurag Behar, CEO of the Azim Premji Foundation and Chancellor of Azim Premji University, Bhopal, will explore how inclusive education can contribute to strengthening public service. His session will cover the role of capacity building in ensuring that civil servants are well-equipped to serve all sections of society, particularly the marginalized.

    These sessions reflect the core tenets of Mission Karmayogi, reinforcing the importance of continuous learning, capacity building, and leadership development for public servants. The webinars aim to inspire officials to take a proactive role in shaping India’s future through informed decision-making and innovative solutions.

    ***

    NKR/KS/AG

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: 150 countries to celebrate ‘Ayurveda Day 2024’ on 29th October

    Source: Government of India (2)

    150 countries to celebrate ‘Ayurveda Day 2024’ on 29th October

    “Ayurveda Innovations for Global Health” gives new dimensions to the contribution of Ayurveda for Humanity: Shri Prataprao Jadhav, MoS(I/C) Ministry of Ayush

    Ayush Digital Initiatives transforming Industry: Secretary, Ministry of Ayush

    Posted On: 23 OCT 2024 4:57PM by PIB Delhi

    The Ministry of Ayush is all set to celebrate 9thAyurveda Day on 29.10.2024. This year more than 150 countries across the globe have geared up for Ayurveda Day that is being celebrated around the theme “Ayurveda Innovations for Global Health”. On this occasion, the ministry of Ayush is going to organize a grand event at the All India Institute of Ayurveda (AIIA), New Delhi .

    Shri Prataprao Jadhav, Union Minister of State, Ayush (I/C), Ministry of Ayush talked about the significance of Ayurveda Day and said, “Ayurveda Day has now become a global movement. We are proud to learn that as many as 150 countries are expected to join Ayurveda Day celebrations 2024. He also highlighted the focus of the Ministry while underlining the theme of Ayurveda Day 2024 and added “The theme of this year’s Ayurveda Day celebrations gives new dimensions to the contribution of Ayurveda to global health. Our aim is to promote Ayurveda globally as a robust system of medicine for the welfare of public. Under this, the All India Institute of Ayurveda has initiated a month-long programme across the country.”

    While highlighting the vision of Ministry, Vaidya Rajesh Kotecha, Secretary, Ministry of Ayush said, “Through the Ayurveda Day celebrations, Ayush focuses on integrating Ayurveda with contemporary science to address critical health issues including non-communicable diseases, mental health, antimicrobial resistance, and geriatric care.”

    Talking about the latest initiatives of the Ministry, he further added, “Ayurveda knowledge is made conveniently accessible to public through digital platforms under the umbrella of Ayush Grid including major initiatives such as Ayurgyan Scheme, Ayush Research Portal, and Namaste Portal.” Currently, Ayurveda is recognized in as many as 24 countries across the globe, while Ayurveda products are exported to over 100 countries”.

    This year’s celebration will witness significant participation from startups and industry, positioning Ayurveda at the heart of global health innovation. Leading Ayurveda experts have expressed their thoughts and hopes for this important event. Ayush professionals are particularly enthusiastic about this year’s celebrations on the theme surrounding innovation in Ayurveda.

    Dr. Manoj Nesari, Advisor, Ministry of Ayush and Director, North Eastern Institute of Ayurveda and Homeopathy (NEIAH), Shillong, said, “The theme ‘Ayurveda Innovation for Global Health’ has been specifically chosen to highlight the huge research work done in Ayurveda to establish the scientific relevance of Ayurveda in promotion of health and treatment of various disease conditions. This also highlights the relevance of Ayurveda for the healthcare of the people across the globe irrespective of their religion, ethnicity, social status and geographical boundaries. The special focus in innovation would attract and inspire our youngsters to indulge in Ayurveda and establish startups. I also see lots of vibration and enthusiasm in the people of North East states and rising acceptance of Ayurveda in all North East states.”

    Dr. Mohan Singh, Director Ayush, Jammu & Kashmir, stated, “Given the theme of this year’s celebrations, we are all excited to be part of the Ayurveda Day 2024 activities. We anticipate an extraordinary confluence of professionals, researchers, and startups, all dedicated to creating a healthier, more sustainable world through the power of Ayurveda.”

    Dr. Sanjeev Sharma, Vice Chancellor of the National Institute of Ayurveda, added, “The commitment and passion of our students and scholars who are preparing for the Ayurveda Day 2024 celebrations is inspiring. This would be an opportunity to explore new dimensions of holistic health, where ancient wisdom combines with modern innovation for global health.”

    Dr. B.J. Patagiri, Director, Institute of Teaching and Research in Ayurveda (ITRA) mentioned, “The participation of students, scholars, and innovators in this year’s celebration is a testament to how tradition and innovation together can revolutionize global health.”

    Ministry of Ayush continues to work toward integrating Ayurveda into the mainstream of global health. Initiatives such as the WHO Global Traditional Medicine Centre (GTMC), Ayushman Bharat Yojana, and the Research Centre for Innovation in Ayurveda Biology are advancing Ayurveda’s role in the global health system. Additionally, the reactivated “I Support Ayurveda” Campaign aims to garner over 250 million votes in support of Ayurveda. Last year’s campaign was a tremendous success, with 160 million votes.

    As the world moves toward Ayurveda Day on 29thOctober 2024, the Ministry of Ayush, its partner institutions, professionals, and Ayurveda enthusiasts around the globe are excited for this unique celebration. Through innovation and collaboration, Ayurveda is poised to offer sustainable solutions for global health and well-being.

    It is to note that the celebration of Ayurveda Day takes place annually on the auspicious occasion of Dhanvantari Jayanti (Dhanteras). Since inception in 2016, Ayurveda Day has gained global significance. This year’s celebrations are filled with energy and enthusiasm, culminating in a closing ceremony on 29th October 2024. Throughout the month, various events and activities are being organised nationwide, highlighting the importance of Ayurveda in health promotion and disease prevention.

    ****

    MV/AKS

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    MIL OSI Asia Pacific News

  • MIL-OSI USA: Fort Fisher’s New Visitor Center to Open to the Public Oct. 30

    Source: US State of North Carolina

    Headline: Fort Fisher’s New Visitor Center to Open to the Public Oct. 30

    Fort Fisher’s New Visitor Center to Open to the Public Oct. 30
    jejohnson6

    KURE BEACH

    A little more than two years after construction began and local flooding delayed the opening, the new visitor center at Fort Fisher State Historic Site will open to the public Wednesday, Oct. 30 from 9 a.m.-5 p.m. Admission is free.

    The new two-story visitor center, which has been in planning since 2010, cost approximately $25.5 million and is expected to serve more than 1 million visitors annually. At 20,000 square feet, it is approximately three times the size of its 1965 predecessor.

    The centerpiece of the visitor center is a new exhibit that interprets a full and nuanced history of the site. Encompassing centuries of regional history, from pre-colonial times through Fort Fisher’s role in World War II, the “Through Their Eyes” exhibit is built on numerous historical perspectives. Rather than a collection of dates and battles, the exhibit powerfully centers men, women, and children from a multitude of backgrounds, eras, and experiences.

    The new visitor center (1610 Fort Fisher Blvd S, Kure Beach) has nearly twice the exhibit space of the former, plus amenities like a 100-seat orientation theater, an expanded gift shop, and a multipurpose room suitable for rentals such as banquets, wedding receptions, educational activities, and classroom instruction. Along the tour trail, visitors can view reconstructed earthworks — specifically, the fort’s 6th, 7th, and 8th traverses — a center sally port, and an ammunition magazine with a working tunnel system.

    Known as the “Gibraltar of the South,” Fort Fisher protected the port of Wilmington during the American Civil War until it fell to U.S. forces in January 1865. In 1961, the site was designated a National Historic Landmark. Its original visitor center was built to accommodate an expected 25,000 visitors a year.

    About the North Carolina Department of Natural and Cultural Resources
    The N.C. Department of Natural and Cultural Resources (DNCR) manages, promotes, and enhances the things that people love about North Carolina – its diverse arts and culture, rich history, and spectacular natural areas. Through its programs, the department enhances education, stimulates economic development, improves public health, expands accessibility, and strengthens community resiliency.
    The department manages over 100 locations across the state, including 27 historic sites, seven history museums, two art museums, five science museums, four aquariums, 35 state parks, four recreation areas, dozens of state trails and natural areas, the North Carolina Zoo, the State Library, the State Archives, the N.C. Arts Council, the African American Heritage Commission, the American Indian Heritage Commission, the State Historic Preservation Office, the Office of State Archaeology, the Highway Historical Markers program, the N.C. Land and Water Fund, and the Natural Heritage Program. For more information, please visit www.dncr.nc.gov.
    Oct 23, 2024

    MIL OSI USA News

  • MIL-OSI USA: North Carolina Museum of History Announces 29th Annual American Indian Heritage Celebration

    Source: US State of North Carolina

    Headline: North Carolina Museum of History Announces 29th Annual American Indian Heritage Celebration

    North Carolina Museum of History Announces 29th Annual American Indian Heritage Celebration
    jejohnson6

    The North Carolina Museum of History is excited to announce the 29th Annual American Indian Heritage Celebration, which will take place on Saturda     y, Nov. 23, from 11 a.m. to 4 p.m. This highly anticipated event brings together members of all eight state-recognized tribes for a vibrant day of performances, demonstrations, and presentations that showcase the artistic, historical, and cultural contributions of American Indians in North Carolina.

    This year’s festival will be held at the North Carolina Museum of Natural Sciences, a temporary venue change due to ongoing renovations at the Museum of History. The renovations will expand and enhance future visitor experiences.

    The festival invites visitors to immerse themselves in the rich and diverse Indigenous heritage of the state. From traditional dance performances and drumming to contemporary discussions on the contributions of American Indians to modern science, art, and culture, the event offers a unique opportunity to learn and celebrate.

    Event highlights include:

    • Virtual Education Day: Students, teachers, and lifelong learners are invited to join a free Virtual Education Day on Friday, Nov. 23, celebrating the richness and diversity of North Carolina’s American Indian community. Attendees can enjoy a variety of presentations, including a live dancing and drumming demonstration.
    • Grand Entry Procession: The celebration kicks off with a ceremonial Grand Entry, where members of the eight state-recognized tribes will process through Bicentennial Plaza. Dressed in traditional regalia, they will perform dances and songs accompanied by the powerful sound of drums and flutes.
    • Cultural Booths and Demonstrations: Throughout the museum, visitors can interact with artists, historians, and cultural practitioners. Demonstrations will range from beadwork and pottery to discussions on the impact of American Indian traditions on North Carolina’s past and present.
    • Hands-on Activities for All Ages: Families and children can engage in traditional games like corncob darts or participate in hands-on activities exploring American Indian crafts and customs.
    • Native-Owned Food Trucks: Savor the flavors of Indigenous cuisine with a visit to the Native-owned food trucks, serving delicious staples like fry bread and other traditional dishes.
    • Artisans and Vendors: Guests are encouraged to browse and purchase authentic, handmade items from Native artists and vendors, including jewelry, pottery, textiles, and more.

    The American Indian Heritage Celebration is a signature event for the museum, providing a space for people of all backgrounds to engage with the enduring legacy and culture of North Carolina’s Indigenous communities. Whether through learning, art, or food, there are endless ways to experience and appreciate the richness of American Indian heritage.

    For more information and to view the full schedule of events, please visit NC-AIHC.com.

    _____________________________________________________________________

    About the N.C. Museum of History

    The North Carolina Museum of History, a Smithsonian Affiliate, fosters a passion for North Carolina history. This museum collects and preserves artifacts of state history and educates the public on the history of the state and the nation through exhibits and educational programs. Admission is free. In 2023, more than 355,000 people visited the museum to see some of the 150,000 artifacts in the museum collection. The Museum of History, within the Division of State History Museums, is part of the N.C. Department of Natural and Cultural Resources.

    About the Smithsonian Affiliations Network

    Since 2006, the North Carolina Museum of History has been a Smithsonian Affiliate, part of a select group of museums and cultural, educational and arts organizations that share Smithsonian resources with the nation. The Smithsonian Affiliations network is a national outreach program that develops long-term collaborative partnerships with museums and other educational and cultural organizations to enrich communities with Smithsonian resources. More information is available at affiliations.si.edu.

    About the North Carolina Department of Natural and Cultural Resources

    The N.C. Department of Natural and Cultural Resources (DNCR) manages, promotes, and enhances the things that people love about North Carolina – its diverse arts and culture, rich history, and spectacular natural areas. Through its programs, the department enhances education, stimulates economic development, improves public health, expands accessibility, and strengthens community resiliency.

    The department manages over 100 locations across the state, including 27 historic sites, seven history museums, two art museums, five science museums, four aquariums, 35 state parks, four recreation areas, dozens of state trails and natural areas, the N.C. Zoo, the State Library, the State Archives, the N.C. Arts Council, the African American Heritage Commission, the American Indian Heritage Commission, the State Historic Preservation Office, the Office of State Archaeology, the Highway Historical Markers program, the N.C. Land and Water Fund, and the Natural Heritage Program. For more information, please visit www.dncr.nc.gov.

    Oct 23, 2024

    MIL OSI USA News

  • MIL-OSI Europe: Written question – Persecution of Christians outside Europe – E-002048/2024

    Source: European Parliament

    14.10.2024

    Question for written answer  E-002048/2024
    to the Commission
    Rule 144
    Nikolaos Anadiotis (NI)

    The EU was built on three pillars: ancient Greek philosophy, Roman law and Christianity. Acceptance of religious freedom is a core principle of the EU. Despite this, the persecution of Christians around the world has become a daily reality. It is happening in Afghanistan, North Korea, Somalia, Libya, Yemen, Eritrea, Nigeria, Pakistan, Iran and elsewhere. In many of these countries, converting to Christianity is forbidden and punishable even by death.

    Thus, while we rightly talk about respect for religious tolerance, there is insufficient information about the persecution suffered by Christians outside of Europe and the way in which resulting problems are dealt with.

    Open Doors[1], an international Christian organisation founded by Dutch Christian missionary Andrew van der Bijl, monitors, for example, and records such acts of persecution against Christians. I am calling on the EU to show increased awareness of and sensitivity towards the persecution of Christians worldwide.

    In light of the Plenary debate of 10 October 2024 on the rise of religious intolerance in Europe, can the Commission answer the following:

    Does it intend to act and take to the global stage to express its anger over the persecution of Christians in other continents other than Europe?

    Submitted: 14.10.2024

    • [1] https://www.opendoors.org/en-US/
    Last updated: 23 October 2024

    MIL OSI Europe News

  • MIL-OSI USA: Administrator Samantha Power in Phnom Penh, Cambodia

    Source: USAID

    The below is attributable to Spokesperson Benjamin Suarato:

    Today, Administrator Samantha Power was in Phnom Penh for the second day of her visit to Cambodia. She met with Prime Minister Hun Manet at the Peace Palace, where they discussed the U.S. and Cambodia’s shared interest in fostering a deeper bilateral relationship. Noting that her visit marked the first time a USAID Administrator had traveled to Cambodia, Administrator Power recognized the significant progress achieved through collaboration between USAID and the Government of Cambodia in areas such as health, education, and environmental protection. 

    Administrator Power also recognized Cambodia’s achievements on reducing deaths from tuberculosis and malaria. Administrator Power and Prime Minister Manet discussed the importance of the U.S. and Cambodia working together to address the online scam industry, demining and the removal of unexploded ordnance, global health security, reducing lead exposure for children, and other issues of mutual concern. Administrator Power underscored the strong U.S. support around the world and in Cambodia for workers’ rights and civil society, as well as concerns about issues such as closing civic space and press freedoms. 

    Administrator Power met with Yeang Chheang, a medical entomologist who saved countless lives by distributing malaria medication during the deadly Khmer Rouge regime in the mid-1970s, and who subsequently helped rebuild Cambodia’s National Malaria Program. She congratulated Mr. Chheang for receiving the “Unsung Hero” award at the United Nations Climate Change Conference (COP28) in Dubai in December 2023 for his efforts to eliminate malaria and shared her appreciation for his valuable contributions to the U.S. President’s Malaria Initiative (PMI). With U.S. government support through PMI, by 2025 Cambodia is on track to become the first PMI bilateral country to reach malaria elimination.  

    Administrator Power participated in meetings to hear from Cambodians about how the U.S. can best support progress on rights, governance, and rule of law. These meetings included engagements with civil society leaders, as well as other individuals with perspectives on these issues.

    Administrator Power also visited the Mekong River, along with USAID partners, Cambodian government officials, researchers, students, conservationists, and fisherpeople. Traveling by boat down the Tonle Sap River to the confluence with the Mekong River, Administrator Power released endangered fish into the river waters to demonstrate USAID’s support for healthy and thriving inland waterways that promote livelihoods, economic independence, autonomy, and food security. She underscored the U.S. government’s support under the Mekong-U.S. Partnership for autonomy, protecting endangered aquatic marine life, and safeguarding the ecosystem of the Mekong watershed and other natural resources in Cambodia. USAID will continue to support Mekong conservation efforts in Cambodia and their expansion to the broader Mekong sub-region.

    Additionally, Administrator Power met with U.S. Embassy Phnom Penh and USAID/Cambodia staff to celebrate their efforts and achievements to advance the U.S.-Cambodia relationship. To close out her trip, Administrator Power held a press conference and announced more than $50 million in new USAID and U.S. government programs and initiatives to assist farmers, expand the Wonders of the Mekong, support civil society and media, and more.

    MIL OSI USA News

  • MIL-OSI USA: Administrator Samantha Power at a Press Conference in Phnom Penh

    Source: USAID

    ADMINISTRATOR SAMANTHA POWER: Thank you all. It is great to see everyone this evening. 

    It has been a great pleasure for me to be back in Cambodia for my fourth visit. In previous visits, of course, I have been awed by the majesty and rich culture of Angkor Wat, the incredible power and importance of the Tulsa Lang Genocide Museum, and, of course, the beauty of the Mekong River.

    Being back here and discussing the deepening engagement between our two countries has been very enlightening for me. The partnership of today builds on several decades of investment by USAID in support of the dignity and prosperity of the Cambodian people. 

    I feel, personally, very fortunate to be the first USAID Administrator to visit Cambodia while in this role, and I have taken many notes about the priorities of the Government officials, students, and civil society leaders that I’ve had the chance to engage with.

    Over the past few decades, the Cambodian people have made really remarkable strides to improve health, education, and economic growth. We, in the United States, again, have been able to support these efforts, including with a total of $3 billion in assistance over the past more-than-30 years. 

    We, in these years, supported the efforts of public health heroes like Mr. Yang Chiang, this country’s first entomologist, who I had the honor of meeting today. A man who has dedicated his life to trying to eliminate malaria here in Cambodia, and an individual who has been able to see with so many of you that Cambodia now has marked six straight years without a single death from malaria, and thus, again, is on the cusp of meeting this goal of eliminating malaria in this country.

    We also have supported Cambodia’s education system to get more kids into school. Since 2007, the number of children enrolled in preschool programs has more than doubled, and Cambodia is close, in fact, to achieving universal access to primary education. USAID programs have doubled reading scores among the children that we have worked with, and we are now seeing the Cambodian Government using these same approaches to help even more young people. 

    We worked as well to increase trade between our two countries, and today, the United States is Cambodia’s largest export market. Over the past five years, indeed, Cambodia’s exports to the United States have more than doubled. There is meaningful progress like this to celebrate, and on this trip, I am glad to announce over $50 million in new funding from across the U.S. government to try to build on some of this progress.

    With these funds, we will invest in helping Cambodian farmers connect with markets and adopt new technologies to keep producing plentiful and safe food, even as the climate changes. We will invest in keeping the Cambodian people safe by clearing landmines and other unexploded ordinances, building on decades of efforts to address the dangerous legacies of war. And importantly, we will invest in supporting civil society, labor, and independent media, investments that will not only support Cambodia’s democratic future but its economic future, as well. 

    On this visit, I have met with Cambodians from all walks of life – families fostering kids with disabilities, students and environmentalists, workers who care for some of this country’s most sacred sites, doctors, nurses and community health workers, labor activists, and brave individuals who seek to hold those with power accountable to the principles enshrined in this country’s constitution: democracy, human rights, transparency. 

    There is great potential for the relationship between the United States and Cambodia to grow stronger, and, as is the case in all of our important relationships, there are also concerns, including about unjustified arrests and threats to basic rights. We are following the case of journalist Mech Dara very closely, including some potential developments today. I had a chance to both meet with Dara’s family, and to raise this issue, along with other concerning cases, in my meeting with the Prime Minister today. 

    All of these cases are sensitive, but I will just underscore that we have emphasized our support for finding positive resolutions. More broadly, as I discussed with Prime Minister Hen Mannet earlier today, American and international companies see real opportunity here in Cambodia. But, in order to invest here, they want to see meaningful improvements in the business enabling environment, to tackle corruption, to improve respect for labor rights, and to address the cyber scam operations plaguing Cambodia’s international reputation. 

    Working toward greater transparency, accountability and protection of human rights can unlock extraordinary prosperity for the Cambodian people. That can be the promise of a new generation, and we, in the United States, will be eager partners in working together to achieve it. 

    Thank you so much, and I look forward to taking your questions.

    QUESTION: Thank you. Hi, I’m Prak Chan Thul from Kiripost. So, you said you announced $50 new million for Cambodia. What? What have you heard from the authorities of the Cambodian government that in return of this new aid and what have you – what will you promise in the case of Mech Dara, will he be released? Thank you.

    ADMINISTRATOR POWER: Thank you. I’m not going to comment further on Mech Dara’s case beyond to stress the importance of independent media, of checks and balances, and of the rule of law. 

    With regard to the new investments that have been announced. They range from an additional investment in the prevention of tuberculosis. I was able, yesterday in Siem Reap, to witness a very energetic effort to reach at least some of the Cambodians who have tuberculosis, but often do not know they have TB until it is not only too late for them, but too late for others, given how the disease spreads. So, USAID is partnering with community-based organizations that will reach citizens where they are, not expecting citizens to experience a symptom and then travel a long way to get a diagnosis, but an effort really to make the diagnostic technology more mobile and more readily available. And, this is with an eye to helping Cambodia and Cambodians reach the goal that the government has set to eliminate TB by 2030. So, this is a $4 million investment in a local organization that is driving some of this community based work to get rid of TB. 

    In addition, just to stay in the area of public health, we have announced an additional $1 million to invest in doing a survey for the Cambodian people of blood lead levels. There is significant lead poisoning among children in many developing countries, including Cambodia, but understanding exactly where those elevated levels of lead in the blood are clustered, understanding the sources of lead poisoning is absolutely critical to eliminating lead poisoning going forward. 

    And, this was something – both this and TB and, of course, all of the work we have done together on malaria, were each topics that I had a chance to discuss with the Prime Minister, and sensed a lot of enthusiasm to go forward again with the efforts to eliminate TB, and the effort now to get a handle on precisely what the sources of lead poisoning are so as to embark on a multi-faceted effort to regulate lead and to ensure that Cambodia’s children are no longer exposed to something that can be very harmful to educational attainment, and can ultimately even cause premature death. 

    We also are announcing an investment of an additional $5 million to support workers, civil society, and independent media. And here, let me just note, obviously these are investments in non-governmental actors. But, one of the topics that we discussed at length with the Prime Minister was his broad ambition to attract more foreign investment, to take steps that will ensure that the economy continues to grow and even grows more, and creates jobs for all of the young people who are looking for jobs every year. But, it is really, really important for investors to have confidence in the rule of law, for corruption to be tackled, so that, for example, American companies can feel confident that they can invest here without having to pay bribes or engage in kickbacks, which are illegal in the United States. 

    And so, these investments in civil society, in media, in the dignity of work and workers – all of these are investments as well in Cambodia’s economic development and that broad ambition that so many Cambodians have for their children to enjoy a more prosperous future than they themselves.

    QUESTION: Hi, my name is Danielle Keaton Olson. I’m a freelance journalist based in Phnom Penh, and I was wondering so, Cambodian-based labor rights organization called Central has gotten under fire for receiving foreign funding. The Cambodian government has criticized it for receiving foreign funding. And, of course, there’s been the arrest of our colleague and the U.S. recognized Trafficking-In-Persons report hero, Mech Dera. Are these raising alarms or concerns within USAID at this moment?

    ADMINISTRATOR POWER: Well, I have had the chance on this visit to sit down with individuals from Central and to hear firsthand about the experiences that they have been having, the level of the scrutiny of their operations, and the concerns that they have about being able to continue doing the work that has proven so important for workers rights here in Cambodia. I also had a chance in Siem Reap to meet with individuals who have helped organize, those who actually maintain these cherished tourist sites, and who themselves have organized in order to secure better wages, better working conditions, better hours, et cetera. 

    President Biden is laser-focused on labor rights at home and indeed has shown tremendous initiative and leadership on promoting global labor rights. And so, it was very important in having this visit for us to sit down and dig into just those issues. And, one of the arguments that I made today with the government, and it’s an argument again that U.S. officials are making all around the world, is that labor rights and workers abilities – a worker’s ability and workers’ abilities to advocate for themselves without fear of persecution, is absolutely critical to growing the economy in a manner that expands livelihoods and prosperity for all Cambodians. 

    So, this is not simply an issue of human rights, which it is, it is also absolutely critical that the freedom to organize, the freedom to associate, the freedom to express one’s concerns, be protected. And, I think that is the foundation to an economy that will not only grow but grow in an inclusive manner that benefits ordinary Cambodians and not merely those who have benefited from growth in prior generations.

    QUESTION: Sorry. Has it – just to clarify – Has it raised some concerns about USAID ability to support these values that, in terms of labor rights and independent media, that the U.S. government values?

    ADMINISTRATOR POWER: Well, as I indicated in announcing additional support, you know, when these rights are challenged, it becomes all the more important for USAID to be working in partnership with those who are bravely defending those rights. And so, I actually think it underscores the importance of these investments, and I think that is certainly the message that I heard from the labor organizers that I’ve spoken with over the last few days – is both the resources to support those who are organizing, but also what we call the development diplomacy, you know, raising these – raising with senior government officials, the importance of these rights being protected and respected. And, the United States is not alone in raising these concerns. Obviously, other democracies are intent as well in raising concerns about, again, some of what appear to be the growing pressures on workers and on unions and on labor organizers. 

    QUESTION: Good evening, madam. My name is Hul Reaksmey. I am reporter from Voice of America. My question is, what is your observation about Chinese growing in Cambodia, when you talk about Cambodia effort to improve democracy?

    ADMINISTRATOR POWER: Sorry, just a little bit hard to hear. Maybe just slow down, and I heard the first part, but just the last part of your question?

    QUESTION: Does the Chinese growing influence undermine efforts of Cambodia to improve democracy?

    ADMINISTRATOR POWER: Thank you. Well, one of the things that the United States stresses in the countries where it works around the world is the importance of transparency, a spirit of partnership, the importance of natural resources being protected and preserved. As we just discussed, the importance of civil society and non-governmental actors, holding government accountable, and maybe this is a point I would stress even the most strongly, the importance of the investments we make, strengthening a country’s path to independence, rather than any kind of dependence. And so, one of the things that really stands out for me in terms of the U.S. development model is that we provide our support by-and-large through grants. 

    It’s extremely important to us that when we invest in health programming or education programming or food security efforts, like the USDA program that I’ve announced on this visit; or demining, like the additional $12 million that I announced on this visit, that the Cambodian people understand that these resources are invested in a spirit of partnership. 

    We are listening to our Cambodian partners and trying to mobilize resources in support of their objectives. What we do not want is for Cambodia or the Cambodian people to be somehow indebted to us in a manner that actually impedes this country’s economic development. 

    So, just to give you one statistical example of this. The United States invests about nine dollars in grants for every dollar of loan that the United States provides. The PRC invests about nine dollars in loans for every dollar in grants. And, one of the challenges – and these numbers are lower, I think, than the actual number, but at least that is the ratio, at least – one of the challenges that can saddle future generations with the obligation to repay debt, often at high interest, debt that was incurred long before.

    Again, our goal is for Cambodia to move, once and for all, from aid to trade. We know the capability of the Cambodian people. We see it in the incredible economic growth that this country has enjoyed. We see it in the resilience of the people who have gone through so much over the generations. And, what we seek to do is to be catalytic and responsive to our partners objectives, but the ultimate objective is for a sovereign and independent Cambodia to make its own choices about how to deploy its own resources, including its tremendous human capital.

    QUESTION: Hello, good evening ma’am. And my name is Ko Ratha from the Cambodia-China Times, and we call in Khmer the CC-Times. And, I have some questions for you. I just would like to say, this is very busy trip to Cambodia. And my first question is, how do you think about the development in Cambodia? As you mentioned that this is your fourth trip to Cambodia. And the second one is, why Americans decided to support more aid to Cambodia? And the last one, what is your encouragement in order to use aid in the right way and now the U.S. purpose?

    ADMINISTRATOR POWER: Well, I have only been USAID Administrator now for more than three and a half years, let’s say, but one of the things that is wonderful about visiting Cambodia is to see the way in which previous investments by USAID and really from the American people, have produced such significant results here. 

    I gave the example of the elimination of malaria. The work done to eliminate malaria was done by Cambodians. It’s Cambodia that achieved, is on the verge, I should say, of achieving that very, very significant accomplishment. But USAID has been present over the last several decades in supporting that work. I mentioned in education that USAID has made investments in looking to see what forms of education are having the greatest impact with students. That’s a, you know, relatively small program, but that produced really valuable information, and now the Ministry of Education is using that information to inform its decisions about curriculum. 

    I think these are two really important examples of how this assistance can flow. It starts with respecting the judgment and the priorities of the Cambodian people. One of the things about USAID that is not well known, and even that I was not aware of before I came to USAID, is that three quarters of our staff in the countries in which we work are nationals of the countries in which we work. So, here, of course, that means that the vast majority of our staff here in Cambodia are Cambodians who live in their communities – who listen to their neighbors, who understand the importance of making health progress, and also understand the importance of fighting corruption, and ensuring that political reform and economic development go hand in hand. 

    So, I think that is our posture going forward – as we have been present in the country in some form since just after the Paris Peace Agreements, since 1993-1994 – we have learned a lot, and the people from whom we have learned the most are the Cambodian people. So, I think our presence here is not about, you know, geopolitical competition, it is about advancing the dignity, prosperity, and peace for Cambodians. 

    QUESTION: I wanted to follow up on the aid that was rescinded and then reinstated last year after the election, which the State Department called the Cambodian election last year, neither free nor fair, and then $18 million U.S. aid was withheld. Then that decision was reversed two months later. The U.S. Embassy told Cambodian news at the time that the aid was reinstated to, “encourage the new government to live up to its stated intentions to be more open and democratic.” So, a year later, I just wanted to follow up and ask, do you think it worked?

    ADMINISTRATOR POWER: Well, first, I think it’s important to discuss the aid itself, and I don’t need to repeat what we’ve already discussed here today, but when we invest $12 million in demining, that means fewer kids are going to run into unexploded ordinances. When we invest in moving diagnostic equipment that does X-rays of the lungs, that means fewer people are going to carry TB without knowing it. And, when we invest after COVID-19 and the horrible toll that that took here, not only on human health, but on the economy. When we invest in lab equipment and surveillance to prevent future global health security threats, that’s a really important investment in Cambodia’s health and stability, but also in America’s health. Every investment in global health security that we make internationally ultimately benefits us all, since we are connected. 

    So, I think that there absolutely is an effort to engage the government that has been now in office for 14 months, and to raise concerns about individuals who have, in some cases, exposed challenges in Cambodia that the Cambodian people benefit from seeing exposed like the scamming centers, like corruption, like human rights abuse by police or others. 

    We over this last or really over these last decades, but including with the new government, have made investments in labor organizing, in independent media, in these civil society organizations. At the same time, we have pressed these issues through our development diplomacy. 

    I don’t think that the United States, anywhere in the world, gives up on its efforts to promote human rights, to stress the linkage between economic progress and checks and balances, and again, the protection and promotion of human rights. And, of course, there are issues of concern, just as there were when the pause was put in place. 

    But, our programming resources do not go to the government. They go to non-governmental organizations. They go to the very organizations that, in many cases, are holding government accountable. In health, of course, goes to community based organizations that, yes, work alongside the Ministry of Health, but it is really important to take note that our assistance is to the people of this country, and that assistance, as we examine it, if it is advancing dignity, advancing checks and balances, it’s important to sustain those investments over time. 

    MIL OSI USA News

  • MIL-OSI USA: The United States Announces New Programs and more than $38 Million in Additional Funding for Cambodia

    Source: USAID

    Today in Phnom Penh, Administrator Samantha Power announced new investments and support for the Cambodian people through a range of new and expanded U.S. activities in food security, the environment, civil society, media, and labor. Cambodia remains an essential partner to the United States as we work to achieve a shared vision for a free and open, prosperous, and secure Indo-Pacific region. 

    As part of the U.S. government’s commitment to strengthening agriculture and food systems, Administrator Power highlighted a new Food for Progress award of more than $29 million from the U.S. Department of Agriculture. This funding will help Cambodia improve implementation and development of food safety regulations by improving post-harvest handling of soybean meal, increasing adoption of climate smart technologies, providing training on best food safety practices, and strengthening market linkages. Under the Mekong-US Partnership, USAID will also support new efforts to conserve the rich biodiversity of the lower Mekong River basin, which is home to more than 1,000 species of fish but increasingly threatened by the effects of climate change and infrastructure development. Underscoring the strong U.S. commitment to protecting biodiversity, USAID will extend and expand for the next five years its work with the government and local communities in Cambodia to conserve and sustain the wonders of the Mekong, as well as work with other countries of the lower Basin. 

    In a meeting with members of Cambodian civil society, Administrator Power also announced more than $6 million in new USAID funding for civil society, media, and labor in support of Cambodia’s constitutional commitments to democratic rule, respect for human rights, and support for civil society. Additionally, Administrator Power announced $3 million in funding from the U.S. Department of Labor to increase collaboration and partnerships between and among persons with disabilities. This funding will help address the prevalence of child labor, forced labor, and human trafficking among persons with disabilities and reduce barriers that impede their access to decent work. USAID will also continue to support Cambodian returnees from the United States as they reintegrate into Cambodian society and establish stable, constructive, and independent lives. 

    MIL OSI USA News

  • MIL-OSI: Onity Group Announces Pricing of $500 Million of Senior Notes Due 2029

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, Fla., Oct. 23, 2024 (GLOBE NEWSWIRE) — Onity Group Inc. (NYSE: ONIT) (“Onity”), a leading non-bank mortgage servicer and originator, today announced that PHH Escrow Issuer LLC (“Escrow Issuer”), a wholly-owned special purpose subsidiary of PHH Corporation (“PHH”), priced the previously announced offering of $500 million aggregate principal amount of 9.875% Senior Notes due 2029 (the “Notes”). The price to investors will be 99.556% of the principal amount of the Notes. The issuance and sale of the Notes is expected to close on November 6, 2024, subject to customary closing conditions.

    The Notes will initially be issued by Escrow Issuer. The net proceeds from the sale of the Notes, together with additional cash from Onity, are expected to be placed into escrow pending the satisfaction of certain conditions, including, but not limited to, the consummation of the recently announced sale by Onity of its 15% ownership interest in MSR Asset Vehicle LLC to certain funds affiliated with Oaktree Capital Management, L.P. (the “MAV Sale”). Upon satisfaction of the escrow conditions, the escrowed proceeds will be released to PHH Corporation, and at that time PHH Corporation, along with Onity and certain subsidiaries of PHH, will enter into a supplement to the indenture governing the Notes pursuant to which PHH will become a co-issuer of the Notes and Onity and such subsidiaries will become guarantors of the Notes.

    Upon their release from escrow, the net proceeds from the offering will be used, together with the net proceeds from the MAV Sale and cash on hand, to redeem all of PHH Mortgage Corporation’s outstanding 7.875% Senior Notes due 2026 and all of Onity’s outstanding 12.00%/13.25% Senior Second Lien Notes due 2027.

    The Notes and the related guarantees have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction.

    The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A of the Securities Act and to non-U.S. persons outside of the United States in compliance with Regulation S of the Securities Act.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of, any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.

    About Onity Group

    Onity Group Inc. (NYSE: ONIT) is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs. Liberty is one of the nation’s largest reverse mortgage lenders dedicated to education and providing loans that help customers meet their personal and financial needs. We are headquartered in West Palm Beach, Florida, with offices and operations in the United States, the U.S. Virgin Islands, India and the Philippines, and have been serving our customers since 1988.

    Forward Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to the closing of the offering of the Notes by Escrow Issuer, the satisfaction of the escrow conditions, including, but not limited to, the MAV Sale, and the ultimate use of the proceeds from the Notes offering. We cannot provide any assurance that these events will occur. Forward-looking statements involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, that the closing of the offering may not occur or, if the offering does close into escrow, that the conditions to the release of the escrowed funds from escrow, including the consummation of the MAV Sale, may not occur. Our forward-looking statements speak only as of the date they are made and, we disclaim any obligation to update or revise forward-looking statements whether as a result of new information, future events or otherwise.

    For Further Information Contact:

    Dico Akseraylian, SVP, Corporate Communications
    (856) 917-0066
    mediarelations@onitygroup.com

    The MIL Network

  • MIL-OSI USA: ICYMI—Hagerty Joins Mornings With Maria on Fox Business to Discuss BRICS Summit, Biden-Harris Emboldening China, Stablecoin Bill

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty
    NEW YORK CITY—United States Senator Bill Hagerty (R-TN), a member of the Senate Banking and Foreign Relations Committees and former U.S. Ambassador to Japan, yesterday joined Mornings With Maria on Fox Business to discuss yesterday’s BRICS Summit, the Biden-Harris Administration’s weakness towards China, and his stablecoin legislation to establish a clear regulatory framework for the regulation and supervision of stablecoin issuers.

    *Click the photo above or here to watch*
    Partial Transcript
     Hagerty on the BRICS Summit: “Were it not for the tremendous leadership void that exists today because of America’s exit from the international stage, we wouldn’t be seeing this happen. And under President [Donald] Trump, this would have never happened. They’ve expanded BRICS now to 32 nations, as you’ve said. This is all about Vladimir Putin trying to find a way to get around the type of sanctions regime that we will come back and put in place once President Trump is back in office. Interestingly, I noticed that the UN Secretary General Gutierrez is going to be there in Russia for this event. You know, were this event held anywhere else, Gutierrez, I think, would be obligated to enforce the arrest warrant that his own international criminal court has put out for Putin. It’s just shocking to me that these nations would step up and participate in this, and that Gutierrez himself would be involved in a situation where Iran is actually going to be brought into this group. It’s amazing. The only common bond, it seems, is that America’s not part of it, and they want to demonstrate their pushback. And the fact that the UN is engaged in this as well [is] really quite shocking and disturbing to me as it should be to all of us.”
    Hagerty on China’s economic leverage against BRICS nations: “You mentioned China; that is another common bond here: China’s economic ties and leverage over these countries with the Belt and Road Initiative and the fact that they’re buying oil from Iran and from Russia. That is another common bond that these guys share. But if you think about how the Harris Administration would respond, look no further than what they did with the spy balloon that they allowed to fly over the entirety of the United States of America. And then send four cabinet members over to kowtow, just to beg them to come to San Francisco for a meeting, I’m very concerned. Americans should be deeply concerned what would happen and should Kamala Harris be put in a position to stand up to Xi. I’ve been with President Trump when he’s met with Xi. Xi respects Trump. President Trump will bring respect and order back to these types of relationships. I cannot imagine how Kamala Harris would stand up to that type of pressure.”
    Hagerty on Obama’s former AG suing the Pentagon on behalf of a Chinse company: “This is exactly why President Trump has said we must drain the swamp. This is just another example of the revolving door. And the fact is that the first time this DJI was cited was back in 2017 when President Trump was in office—the Army took them down then—there’s no way that Loretta Lynch would be bringing the suit under the Trump Administration. But again, they’re trying to squeeze everything in that they can in the last days, the waning days of this Administration. You’ve got to ask yourself: who are they working for? Because every one of the foreign policies that Biden and Harris have pursued basically make China the net winner. We’ve got to stop this […] Ever since 2018, that’s been the case, because that’s what the Chinese National Security law says. Chinese companies that collect data anywhere in the world need to and have to expose that data to the Chinese intelligence services when asked. So, of course, that’s what it means. That’s the vulnerability that was seen back in the Trump Administration; that seems to be something that Loretta Lynch wants to undo and make these Chinese companies have access to the most sensitive data that our U.S. military would pick up. It’s unconscionable that she’d do this […] Barack Obama’s top law enforcement officer, the former Attorney General, is the one defending this Chinese company trying to get them off of this list, when she knows the exposure [and] the national security risk that would pose to America. It is just shocking.”
    Hagerty on his stablecoin legislation to establish clear regulatory framework: “As you mentioned, this builds upon some excellent work that was done in the House of Representatives. I’ve come in and made some adjustments that I think it’ll make it easier to get through both bodies [in Congress]. The impact of this, though, actually gets back to the beginning of the story that you and I talked about. You think about the efforts that Vladimir Putin and these BRICS nations undertaking to get around the United States as the reserve currency of the world. This will actually strengthen our posture as a reserve currency. It will increase demand, not only for U.S. treasuries, but also the stablecoins will increase demand for U.S. dollars on a global basis. We need the proper regulatory framework in place here in America—we need legal certainty—the Biden and Harris Administration have done everything they can to destroy that sort of legal certainty. This will begin to chip away at the Democrats’ war on cryptocurrency and put us back in the driver’s seat when it comes to maintaining the reserve currency status that the dollar has enjoyed and should continue to enjoy […] The assumption is very clear that this legislation will move through and be ripe for a new Administration.”

    MIL OSI USA News

  • MIL-OSI: Horizon Bancorp, Inc. Reports Third Quarter 2024 Results, Including EPS of $0.41 and Continued Profitability Improvement, as well as Accretive Balance Sheet Initiatives

    Source: GlobeNewswire (MIL-OSI)

    MICHIGAN CITY, Ind., Oct. 23, 2024 (GLOBE NEWSWIRE) — (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”), the parent company of Horizon Bank (the “Bank”), announced its unaudited financial results for the three and nine months ended September 30, 2024.

    Net income for the three months ended September 30, 2024 was $18.2 million, or $0.41 per diluted share, compared to net income of $14.1 million, or $0.32, for the second quarter of 2024 and compared to net income of $16.2 million, or $0.37 per diluted share, for the third quarter of 2023.

    Net income for the nine months ended September 30, 2024 was $46.3 million, or $1.05 per diluted share, compared to net income of $53.2 million, or $1.21, for the nine months ended September 30, 2023.

    Third Quarter 2024 Highlights

    • Net interest income increased for the fourth consecutive quarter to $46.9 million, compared to $45.3 million in the linked quarter of 2024. Net interest margin, on a fully taxable equivalent (“FTE”) basis1, expanded for the fourth consecutive quarter to 2.66%, compared to 2.64% in the linked quarter of 2024.
    • Total loans held for investment (“HFI”) were $4.8 billion at September 30, 2024, relatively unchanged from June 30, 2024 balances. However, consistent with the Company’s stated growth strategy, the commercial portfolio showed continued organic growth momentum during the quarter, which was offset with planned run-off of lower-yielding indirect auto loans in the consumer loan portfolio. 
    • Positive deposit growth of 1.7% during the quarter, to $5.7 billion at period end. The quarter was highlighted by stable non-interest bearing deposit balances and growth in core relationship consumer and commercial portfolios. 
    • Credit quality remains strong, with annualized net charge offs of 0.03% of average loans during the third quarter. Non-performing assets to total assets of 0.32% remains well within expected ranges, with no material change in the loss outlook. Provision for loan losses of $1.0 million reflects continued positive credit performance.

    “Horizon continues to execute well on its key strategic initiatives of consistently improving our operating performance through a more productive balance sheet, growth in non-interest income and continued disciplined in our operating model. As a result, we are optimistic on the positive momentum of the franchise through year-end 2024 and into 2025. During the quarter, our commercial team was able to deliver another quarter of quality loan growth, even coming off a strong end to the second quarter. The strength of Horizon’s core deposit franchise showed solid performance, and our credit metrics remain well managed. These efforts led to a third consecutive quarter of sequential growth in pre-tax pre-provision income,” President and Chief Executive Officer Thomas M. Prame said. “Importantly, we continue our efforts to optimize our business model, and are pleased to announce the repositioning of a portion of our securities portfolio and the intended sale of our mortgage warehouse business during the fourth quarter. These shareholder accretive actions are expected to yield sustainable improvement in the profitability of our business that will be evident in the fourth quarter, and positively impact Horizon’s financial performance in 2025.”

    _________________________
    1
    Non-GAAP financial metric. See non-GAAP reconciliation included herein for the most directly comparable GAAP measure.

    Accretive Fourth Quarter 2024 Strategic Actions

    Horizon announced strategic actions taking place in the fourth quarter of 2024, which are designed to simplify its business, strengthen the balance sheet and improve long-term structural profitability. In October, the Company completed the repositioning of about $325 million of available-for-sale securities. Additionally, the Company has signed a letter of intent to sell its mortgage warehouse business, which is expected to generate a gain-on-sale. Details on these actions, the use of proceeds, and the expected financial impact are available in the Company’s third quarter 2024 investor presentation published at investor.horizonbank.com.

     
    Financial Highlights
    (Dollars in Thousands Except Share and Per Share Data and Ratios, Unaudited)
      Three Months Ended
      September 30,   June 30,   March 31,   December 31,   September 30,
      2024   2024   2024   2023   2023
    Income statement:                  
    Net interest income $ 46,910     $ 45,279     $ 43,288     $ 42,257     $ 42,090  
    Credit loss expense   1,044       2,369       805       1,274       263  
    Non-interest income   11,511       10,485       9,929       (20,449 )     11,830  
    Non-interest expense   39,272       37,522       37,107       39,330       36,168  
    Income tax expense   (75 )     1,733       1,314       6,419       1,284  
    Net income $ 18,180     $ 14,140     $ 13,991     $ (25,215 )   $ 16,205  
                       
    Per share data:                  
    Basic earnings per share $ 0.42     $ 0.32     $ 0.32     $ (0.58 )   $ 0.37  
    Diluted earnings per share   0.41       0.32       0.32       (0.58 )     0.37  
    Cash dividends declared per common share   0.16       0.16       0.16       0.16       0.16  
    Book value per common share   17.27       16.62       16.49       16.47       15.89  
    Market value – high   16.57       12.74       14.44       14.65       12.68  
    Market value – low   11.89       11.29       11.75       9.33       9.90  
    Weighted average shares outstanding – Basic   43,712,059       43,712,059       43,663,610       43,649,585       43,646,609  
    Weighted average shares outstanding – Diluted   44,112,321       43,987,187       43,874,036       43,649,585       43,796,069  
    Common shares outstanding (end of period)   43,712,059       43,712,059       43,726,380       43,652,063       43,648,501  
                       
    Key ratios:                  
    Return on average assets   0.92 %     0.73 %     0.72 %   (1.27)        %     0.81 %
    Return on average stockholders’ equity   9.80       7.83       7.76       (14.23 )     8.99  
    Total equity to total assets   9.52       9.18       9.18       9.06       8.71  
    Total loans to deposit ratio   83.92       85.70       82.78       78.01       76.52  
    Allowance for credit losses to HFI loans   1.10       1.08       1.09       1.13       1.14  
    Annualized net charge-offs of average total loans(1)   0.03       0.05       0.04       0.07       0.07  
    Efficiency ratio   67.22       67.29       69.73       180.35       67.08  
                       
    Key metrics (Non-GAAP)(2):                  
    Net FTE interest margin   2.66 %     2.64 %     2.50 %     2.43 %     2.41 %
    Return on average tangible common equity   12.65       10.18       10.11       (18.76 )     11.79  
    Tangible common equity to tangible assets   7.58       7.22       7.20       7.08       6.72  
    Tangible book value per common share $ 13.46     $ 12.80     $ 12.65     $ 12.60     $ 12.00  
                       
                       
    (1) Average total loans includes loans held for investment and held for sale.
    (2) Non-GAAP financial metrics. See non-GAAP reconciliation included herein for the most directly comparable GAAP measures.
     

    Income Statement Highlights

    Net Interest Income

    Net interest income was $46.9 million in the third quarter of 2024, compared to $45.3 million in the second quarter of 2024, driven by net growth in average interest earning assets of $117.5 million and continued net FTE interest margin expansion during the quarter. Horizon’s net FTE interest margin1 was 2.66% for the third quarter of 2024, compared to 2.64% for the second quarter of 2024, attributable to the favorable mix shift in average interest earning assets toward higher-yielding loans and in the average funding mix toward lower-cost deposit balances. Interest accretion from the fair value of acquired loans did not contribute significantly to the third quarter net interest income, or net FTE interest margin.

    Provision for Credit Losses

    During the third quarter of 2024, the Company recorded a provision for credit losses of $1.0 million. This compares to a provision for credit losses of $2.4 million during the second quarter of 2024, and $0.3 million during the third quarter of 2023. The decrease in the provision for credit losses during the third quarter of 2024 when compared with the second quarter of 2024 was primarily attributable to less total loan growth in the current quarter relative to the prior quarter.

    For the third quarter of 2024, the allowance for credit losses included net charge-offs of $0.4 million, or an annualized 0.03% of average loans outstanding, compared to net charge-offs of $0.6 million, or an annualized 0.05% of average loans outstanding for the second quarter of 2024, and net charge-offs of $0.7 million, or an annualized 0.07% of average loans outstanding, in the third quarter of 2023.

    The Company’s allowance for credit losses as a percentage of period-end loans HFI was 1.10% at September 30, 2024, compared to 1.08% at June 30, 2024 and 1.14% at September 30, 2023.

    Non-Interest Income

    For the Quarter Ended September 30,   June 30,   March 31,   December 31,   September 30,
    (Dollars in Thousands) 2024
      2024
      2024
      2023   2023
    Non-interest Income                  
    Service charges on deposit accounts $ 3,320     $ 3,130     $ 3,214     $ 3,092     $ 3,086  
    Wire transfer fees   123       113       101       103       120  
    Interchange fees   3,511       3,826       3,109       3,224       3,186  
    Fiduciary activities   1,394       1,372       1,315       1,352       1,206  
    Gains (losses) on sale of investment securities                     (31,572 )      
    Gain on sale of mortgage loans   1,622       896       626       951       1,582  
    Mortgage servicing income net of impairment   412       450       439       724       631  
    Increase in cash value of bank owned life insurance   349       318       298       658       1,055  
    Other income   780       380       827       1,019       964  
    Total non-interest income $ 11,511     $ 10,485     $ 9,929     $ (20,449 )   $ 11,830  
                                           

    Total non-interest income was $11.5 million in the third quarter of 2024, compared to $10.5 million in the second quarter of 2024, due primarily to higher realized gains on sale of mortgage loans and increased other income.

    _________________________
    1
    Non-GAAP financial metric. See non-GAAP reconciliation included herein for the most directly comparable GAAP measure.

    Non-Interest Expense

    For the Quarter Ended September 30,   June 30,   March 31,   December 31,   September 30,
    (Dollars in Thousands) 2024
      2024
      2024
      2023
      2023
    Non-interest Expense                  
    Salaries and employee benefits $ 21,829     $ 20,583     $ 20,268     $ 21,877     $ 20,058  
    Net occupancy expenses   3,207       3,192       3,546       3,260       3,283  
    Data processing   2,977       2,579       2,464       2,942       2,999  
    Professional fees   676       714       607       772       707  
    Outside services and consultants   3,677       3,058       3,359       2,394       2,316  
    Loan expense   1,034       1,038       719       1,345       1,120  
    FDIC insurance expense   1,204       1,315       1,320       1,200       1,300  
    Core deposit intangible amortization   844       844       872       903       903  
    Other losses   297       515       16       508       188  
    Other expense   3,527       3,684       3,936       4,129       3,294  
    Total non-interest expense $ 39,272     $ 37,522     $ 37,107     $ 39,330     $ 36,168  
                                           

    Total non-interest expense was $39.3 million in the third quarter of 2024, compared with $37.5 million in the second quarter of 2024. The increase in non-interest expense during the third quarter of 2024 was primarily driven by a $1.2 million increase in salaries and employee benefits expense, which is partially attributable to a legacy benefits program expense, and a $0.6 million increase in outside services and consultants expense related to strategic initiatives.

    Income Taxes

    Horizon’s effective tax rate was -0.4% for the third quarter of 2024, as compared to 10.9% for the second quarter of 2024. The decrease in the effective tax rate during the third quarter was primarily due to an increase in net realizable tax credits for the current year, which reduced the Company’s estimated annual effective tax rate.

    Balance Sheet

    Total assets increased by $14.9 million, or 0.2%, to $7.93 billion as of September 30, 2024, from $7.91 billion as of June 30, 2024. The increase in total assets is primarily due to increases in federal funds sold of $79.5 million, or 230.6%, to $113.9 million as of September 30, 2024, compared to $34.5 million as of June 30, 2024. The increase in federal funds sold during the period was partially offset by a decrease in other assets of $46.6 million, or 28.1%, to $119.0 million as of September 30, 2024, from $165.7 million as of June 30, 2024.

    Total investment securities remained unchanged, at $2.4 billion as of September 30, 2024, compared to June 30, 2024, as the positive market impact to available for sale securities was offset by normal pay-downs and maturities. There were no purchases of investment securities during the third quarter of 2024.

    Total loans HFI and loans held for sale were relatively consistent at $4.8 billion as of September 30, 2024 compared to $4.8 billion as of June 30, 2024, as growth in commercial loans of $9.5 million were offset by a decline in consumer loans of $43.3 million.

    Total deposit balances increased by $96.9 million, or 1.7%, to $5.7 billion as of September 30, 2024 when compared to balances as of June 30, 2024. Non-interest bearing deposit balances were essentially unchanged during the quarter.

    Total borrowings decreased by $86.4 million, or 7.0%, to $1.1 billion as of September 30, 2024, primarily related to the repayment of a portion of Federal Home Loan Bank advances, when compared to balances as of June 30, 2024.

    Capital

    The following table presents the consolidated regulatory capital ratios of the Company for the previous three quarters:

    For the Quarter Ended September 30,   June 30,   March 31, December 31,
      2024*   2024   2024** 2023**
    Consolidated Capital Ratios            
    Total capital (to risk-weighted assets)   13.52 %     13.41 %     13.75 %   14.04 %
    Tier 1 capital (to risk-weighted assets)   11.70 %     11.59 %     11.89 %   12.13 %
    Common equity tier 1 capital (to risk-weighted assets)   10.74 %     10.63 %     10.89 %   11.11 %
    Tier 1 capital (to average assets)   9.01 %     9.02 %     8.91 %   8.61 %
    *Preliminary estimate – may be subject to change  
    **Prior periods were previously revised (see disclosure in Form 10-Q for the quarterly period ending June 30, 2024)  
       

    As of September 30, 2024, the ratio of total stockholders’ equity to total assets is 9.52%. Book value per common share was $17.27, increasing $0.65 during the third quarter of 2024.

    Tangible common equity1 totaled $588.5 million at September 30, 2024, and the ratio of tangible common equity to tangible assets1 was 7.58% at September 30, 2024, up from 7.22% at June 30, 2024. Tangible book value, which excludes intangible assets from total equity, per common share1 was $13.46, increasing $0.66 during the third quarter of 2024.

    Credit Quality

    As of September 30, 2024, total non-accrual loans increased by $5.3 million, or 29.0%, from June 30, 2024, to 0.49% of total loans HFI. Total non-performing assets increased $5.1 million, or 25.0%, to $25.6 million, compared to $20.5 million as of June 30, 2024. The ratio of non-performing assets to total assets increased to 0.32% compared to 0.26% as of June 30, 2024.

    As of September 30, 2024, net charge-offs decreased by $0.2 million to $0.4 million, compared to $0.6 million as of June 30, 2024 and remain just 0.03% annualized of average loans.

    _________________________
    1
    Non-GAAP financial metric. See non-GAAP reconciliation included herein for the most directly comparable GAAP measure.

    Earnings Conference Call

    As previously announced, Horizon will host a conference call to review its third quarter financial results and operating performance.

    Participants may access the live conference call on October 24, 2024 at 7:30 a.m. CT (8:30 a.m. ET) by dialing 833-974-2379 from the United States, 866-450-4696 from Canada or 1-412-317-5772 from international locations and requesting the “Horizon Bancorp Call.” Participants are asked to dial in approximately 10 minutes prior to the call.

    A telephone replay of the call will be available approximately one hour after the end of the conference through November 1, 2024. The replay may be accessed by dialing 877-344-7529 from the United States, 855-669-9658 from Canada or 1–412–317-0088 from other international locations, and entering the access code 9847279.

    About Horizon Bancorp, Inc.

    Horizon Bancorp, Inc. (NASDAQ GS: HBNC) is the $7.9 billion-asset commercial bank holding company for Horizon Bank, which serves customers across diverse and economically attractive Midwestern markets through convenient digital and virtual tools, as well as its Indiana and Michigan branches. Horizon’s retail offerings include prime residential and other secured consumer lending to in-market customers, as well as a range of personal banking and wealth management solutions. Horizon also provides a comprehensive array of in-market business banking and treasury management services, as well as equipment financing solutions for customers regionally and nationally, with commercial lending representing over half of total loans. More information on Horizon, headquartered in Northwest Indiana’s Michigan City, is available at horizonbank.com and investor.horizonbank.com.

    Use of Non-GAAP Financial Measures

    Certain information set forth in this press release refers to financial measures determined by methods other than in accordance with GAAP. Specifically, we have included non-GAAP financial measures relating to net income, diluted earnings per share, pre-tax, pre-provision net income, net interest margin, tangible stockholders’ equity and tangible book value per share, efficiency ratio, the return on average assets, the return on average common equity, and return on average tangible equity. In each case, we have identified special circumstances that we consider to be non-recurring and have excluded them. We believe that this shows the impact of such events as acquisition-related purchase accounting adjustments and swap termination fees, among others we have identified in our reconciliations. Horizon believes these non-GAAP financial measures are helpful to investors and provide a greater understanding of our business and financial results without giving effect to the purchase accounting impacts and one-time costs of acquisitions and non–recurring items. These measures are not necessarily comparable to similar measures that may be presented by other companies and should not be considered in isolation or as a substitute for the related GAAP measure. See the tables and other information below and contained elsewhere in this press release for reconciliations of the non-GAAP information identified herein and its most comparable GAAP measures.

    Forward Looking Statements

    This press release may contain forward–looking statements regarding the financial performance, business prospects, growth and operating strategies of Horizon Bancorp, Inc. and its affiliates (collectively, “Horizon”). For these statements, Horizon claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Statements in this press release should be considered in conjunction with the other information available about Horizon, including the information in the filings we make with the Securities and Exchange Commission (the “SEC”). Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance. The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties. We have tried, wherever possible, to identify such statements by using words such as “anticipate,” “estimate,” “project,” “intend,” “plan,” “believe,” “will” and similar expressions in connection with any discussion of future operating or financial performance.

    Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include: current financial conditions within the banking industry; changes in the level and volatility of interest rates, changes in spreads on earning assets and changes in interest bearing liabilities; increased interest rate sensitivity; the aggregate effects of elevated inflation levels in recent years; loss of key Horizon personnel; increases in disintermediation; potential loss of fee income, including interchange fees, as new and emerging alternative payment platforms take a greater market share of the payment systems; estimates of fair value of certain of Horizon’s assets and liabilities; changes in prepayment speeds, loan originations, credit losses, market values, collateral securing loans and other assets; changes in sources of liquidity; macroeconomic conditions and their impact on Horizon and its customers; legislative and regulatory actions and reforms; changes in accounting policies or procedures as may be adopted and required by regulatory agencies; litigation, regulatory enforcement, and legal compliance risk and costs; rapid technological developments and changes; cyber terrorism and data security breaches; the rising costs of cybersecurity; the ability of the U.S. federal government to manage federal debt limits; climate change and social justice initiatives; the inability to realize cost savings or revenues or to effectively implement integration plans and other consequences associated with mergers, acquisitions, and divestitures; acts of terrorism, war and global conflicts, such as the Russia and Ukraine conflict and the Israel and Hamas conflict; and supply chain disruptions and delays. These and additional factors that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in Horizon’s reports (such as the Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K) filed with the SEC and available at the SEC’s website (www.sec.gov). Undue reliance should not be placed on the forward–looking statements, which speak only as of the date hereof. Horizon does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions that may be made to update any forward-looking statement to reflect the events or circumstances after the date on which the forward–looking statement is made, or reflect the occurrence of unanticipated events, except to the extent required by law.

       
      Condensed Consolidated Statements of Income
      (Dollars in Thousands Except Per Share Data, Unaudited)
      Three Months Ended   Nine Months Ended
      September 30,   June 30,   March 31,   December 31,   September 30,   September 30,   September 30,
      2024   2024
      2024
      2023   2023
      2024
      2023
    Interest Income                          
    Loans receivable $ 75,488     $ 71,880     $ 66,954     $ 65,583     $ 63,003     $ 214,322     $ 178,961  
    Investment securities – taxable   8,133       7,986       7,362       8,157       8,788       23,481       26,253  
    Investment securities – tax-exempt   6,310       6,377       6,451       6,767       7,002       19,138       21,617  
    Other   957       738       4,497       3,007       1,332       6,192       1,960  
    Total interest income   90,888       86,981       85,264       83,514       80,125       263,133       228,791  
    Interest Expense                          
    Deposits   30,787       28,447       27,990       27,376       24,704       87,224       58,481  
    Borrowed funds   11,131       11,213       11,930       11,765       11,224       34,274       30,713  
    Subordinated notes   830       829       831       870       880       2,490       2,641  
    Junior subordinated debentures issued to capital trusts   1,230       1,213       1,225       1,246       1,227       3,668       3,469  
    Total interest expense   43,978       41,702       41,976       41,257       38,035       127,656       95,304  
    Net Interest Income   46,910       45,279       43,288       42,257       42,090       135,477       133,487  
    Provision for loan losses   1,044       2,369       805       1,274       263       4,218       1,185  
    Net Interest Income after Provision for Loan Losses   45,866       42,910       42,483       40,983       41,827       131,259       132,302  
    Non-interest Income                          
    Service charges on deposit accounts   3,320       3,130       3,214       3,092       3,086       9,664       9,135  
    Wire transfer fees   123       113       101       103       120       337       345  
    Interchange fees   3,511       3,826       3,109       3,224       3,186       10,446       9,637  
    Fiduciary activities   1,394       1,372       1,315       1,352       1,206       4,081       3,728  
    Gains (losses) on sale of investment securities                     (31,572 )                 (480 )
    Gain on sale of mortgage loans   1,622       896       626       951       1,582       3,144       3,372  
    Mortgage servicing income net of impairment   412       450       439       724       631       1,301       1,984  
    Increase in cash value of bank owned life insurance   349       318       298       658       1,055       965       3,051  
    Other income   780       380       827       1,019       964       1,987       1,675  
    Total non-interest income   11,511       10,485       9,929       (20,449 )     11,830       31,925       32,447  
    Non-interest Expense                          
    Salaries and employee benefits   21,829       20,583       20,268       21,877       20,058       62,680       58,932  
    Net occupancy expenses   3,207       3,192       3,546       3,260       3,283       9,945       10,095  
    Data processing   2,977       2,579       2,464       2,942       2,999       8,020       8,684  
    Professional fees   676       714       607       772       707       1,997       1,873  
    Outside services and consultants   3,677       3,058       3,359       2,394       2,316       10,094       7,548  
    Loan expense   1,034       1,038       719       1,345       1,120       2,791       3,635  
    FDIC insurance expense   1,204       1,315       1,320       1,200       1,300       3,839       2,680  
    Core deposit intangible amortization   844       844       872       903       903       2,560       2,709  
    Other losses   297       515       16       508       188       828       543  
    Other expense   3,527       3,684       3,936       4,129       3,294       11,147       10,255  
    Total non-interest expense   39,272       37,522       37,107       39,330       36,168       113,901       106,954  
    Income /(Loss) Before Income Taxes   18,105       15,873       15,305       (18,796 )     17,489       49,283       57,795  
    Income tax expense   (75 )     1,733       1,314       6,419       1,284       2,972       4,599  
    Net Income /(Loss) $ 18,180     $ 14,140     $ 13,991     $ (25,215 )   $ 16,205     $ 46,311     $ 53,196  
    Basic Earnings /(Loss) Per Share $ 0.42     $ 0.32     $ 0.32     $ (0.58 )   $ 0.37     $ 1.06     $ 1.22  
    Diluted Earnings/(Loss) Per Share   0.41       0.32       0.32       (0.58 )     0.37       1.05       1.21  
                                                           
      Condensed Consolidated Balance Sheets
      (Dollars in Thousands)
      September 30,
    2024
      June 30,
    2024
      March 31,
    2024
      December 31,
    2023
      September 30,
    2023
    Assets                  
    Interest earning assets                  
    Federal funds sold $ 113,912     $ 34,453     $ 161,704     $ 401,672     $ 71,576  
    Interest earning deposits   12,107       4,957       9,178       12,071       4,718  
    Interest earning time deposits   735       1,715       1,715       2,205       2,207  
    Federal Home Loan Bank stock   53,826       53,826       53,826       34,509       34,509  
    Investment securities, available for sale   541,170       527,054       535,319       547,251       865,168  
    Investment securities, held to maturity   1,888,379       1,904,281       1,925,725       1,945,638       1,966,483  
    Loans held for sale   2,069       2,440       922       1,418       2,828  
    Gross loans held for investment (HFI)   4,803,996       4,822,840       4,618,175       4,417,630       4,359,002  
    Total Interest earning assets   7,416,194       7,351,566       7,306,564       7,362,394       7,306,491  
    Non-interest earning assets                  
    Allowance for credit losses   (52,881 )     (52,215 )     (50,387 )     (50,029 )     (49,699 )
    Cash   108,815       106,691       100,206       112,772       98,843  
    Cash value of life insurance   37,115       36,773       36,455       36,157       149,212  
    Other assets   119,026       165,656       160,593       177,061       152,280  
    Goodwill   155,211       155,211       155,211       155,211       155,211  
    Other intangible assets   11,067       11,910       12,754       13,626       14,530  
    Premises and equipment, net   93,544       93,695       94,303       94,583       94,716  
    Interest receivable   39,366       43,240       40,008       38,710       37,850  
    Total non-interest earning assets   511,263       560,961       549,143       578,091       652,943  
    Total assets $ 7,927,457     $ 7,912,527     $ 7,855,707     $ 7,940,485     $ 7,959,434  
    Liabilities                  
    Savings and money market deposits $ 3,420,827     $ 3,364,726     $ 3,350,673     $ 3,369,149     $ 3,322,788  
    Time deposits   1,220,653       1,178,389       1,136,121       1,179,739       1,250,606  
    Borrowings   1,142,744       1,229,165       1,219,812       1,217,020       1,214,016  
    Repurchase agreements   122,399       128,169       139,309       136,030       142,494  
    Subordinated notes   55,703       55,668       55,634       55,543       59,007  
    Junior subordinated debentures issued to capital trusts   57,423       57,369       57,315       57,258       57,201  
    Total interest earning liabilities   6,019,749       6,013,486       5,958,864       6,014,739       6,046,112  
    Non-interest bearing deposits   1,085,535       1,087,040       1,093,076       1,116,005       1,126,703  
    Interest payable   11,400       11,240       7,853       22,249       16,281  
    Other liabilities   55,951       74,096       74,664       68,680       76,969  
    Total liabilities   7,172,635       7,185,862       7,134,457       7,221,673       7,266,065  
    Stockholders’ Equity                  
    Preferred stock                            
    Common stock                            
    Additional paid-in capital   358,453       357,673       356,599       356,400       355,478  
    Retained earnings   454,050       442,977       435,927       429,021       461,325  
    Accumulated other comprehensive income (loss)   (57,681 )     (73,985 )     (71,276 )     (66,609 )     (123,434 )
    Total stockholders’ equity   754,822       726,665       721,250       718,812       693,369  
    Total liabilities and stockholders’ equity $ 7,927,457     $ 7,912,527     $ 7,855,707     $ 7,940,485     $ 7,959,434  
                                           
      Loans and Deposits        
      (Dollars in Thousands, Unaudited)        
      September 30,   June 30,   March 31,   December 31,   September 30,   % Change
      2024   2024   2024   2023   2023   Q3’24 vs Q2’24   Q3’24 vs Q3’23
    Commercial:                          
    Commercial real estate $ 2,105,459     $ 2,117,772     $ 1,984,723     $ 1,962,097     $ 1,916,056       (1 )%     10 %
    Commercial & Industrial   808,600       786,788       765,043       712,863       673,188       3 %     20 %
    Total commercial   2,914,059       2,904,560       2,749,766       2,674,960       2,589,244       %     13 %
    Residential Real estate   801,356       797,956       782,071       681,136       675,399       %     19 %
    Mortgage warehouse   80,437       68,917       56,548       45,078       65,923       17 %     22 %
    Consumer   1,008,144       1,051,407       1,029,790       1,016,456       1,028,436       (4 )%     (2 )%
    Total loans held for investment   4,803,996       4,822,840       4,618,175       4,417,630       4,359,002       %     10 %
    Loans held for sale   2,069       2,440       922       1,418       2,828       (15 )%     (27 )%
    Total loans $ 4,806,065     $ 4,825,280     $ 4,619,097     $ 4,419,048     $ 4,361,830       %     10 %
                               
    Deposits:                          
    Interest bearing deposits                          
    Savings and money market deposits $ 3,420,827     $ 3,364,726     $ 3,350,673     $ 3,369,149     $ 3,322,788       2 %     3 %
    Time deposits   1,220,653       1,178,389       1,136,121       1,179,739       1,250,606       4 %     (2 )%
    Total Interest bearing deposits   4,641,480       4,543,115       4,486,794       4,548,888       4,573,394       2 %     1 %
    Non-interest bearing deposits                          
    Non-interest bearing deposits   1,085,535       1,087,040       1,093,076       1,116,005       1,126,703       %     (4 )%
    Total deposits $ 5,727,015     $ 5,630,155     $ 5,579,870     $ 5,664,893     $ 5,700,097       2 %     %
                                                           
      Average Balance Sheet
      (Dollars in Thousands, Unaudited)
      Three Months Ended
      September 30, 2024   June 30, 2024   September 30, 2023
      Average
    Balance
    Interest(4) Average
    Rate(4)
      Average
    Balance
    Interest(4) Average
    Rate(4)
      Average
    Balance
    Interest(4) Average
    Rate(4)
    Assets
    Interest earning assets                      
    Federal funds sold $ 64,743   $ 860     5.28 %   $ 47,805   $ 645     5.43 %   $ 92,305   $ 1,247     5.36 %
    Interest earning deposits   8,781     97     4.39 %     7,662     93     4.88 %     8,018     85     4.21 %
    Federal Home Loan Bank stock   53,826     1,607     11.88 %     53,827     1,521     11.36 %     34,509     618     7.10 %
    Investment securities – taxable (1)   1,301,830     6,526     1.99 %     1,309,305     6,465     1.99 %     1,650,081     8,170     1.96 %
    Investment securities – non-taxable (1)   1,125,295     7,987     2.82 %     1,132,065     8,072     2.87 %     1,220,998     8,863     2.88 %
    Total investment securities   2,427,125     14,513     2.38 %     2,441,370     14,537     2.39 %     2,871,079     17,033     2.35 %
    Loans receivable (2) (3)   4,775,788     75,828     6.32 %     4,662,124     72,208     6.23 %     4,280,700     63,254     5.89 %
    Total interest earning assets $ 7,330,263   $ 92,905     5.04 %   $ 7,212,788   $ 89,004     4.96 %   $ 7,286,611   $ 82,237     4.59 %
    Non-interest earning assets                      
    Cash and due from banks $ 108,609         $ 108,319         $ 100,331      
    Allowance for credit losses   (52,111 )         (50,334 )         (49,705 )    
    Other assets   471,259           508,555           587,514      
    Total average assets $ 7,858,020         $ 7,779,328         $ 7,924,751      
                           
    Liabilities and Stockholders’ Equity
    Interest bearing liabilities                      
    Interest bearing deposits $ 3,386,177   $ 18,185     2.14 %   $ 3,334,490   $ 16,814     2.03 %   $ 3,267,594   $ 12,661     1.54 %
    Time deposits   1,189,148     12,602     4.22 %     1,134,590     11,633     4.12 %     1,271,104     12,043     3.76 %
    Borrowings   1,149,952     10,221     3.54 %     1,184,172     10,278     3.49 %     1,180,452     10,399     3.50 %
    Repurchase agreements   123,524     910     2.93 %     125,144     935     3.00 %     136,784     825     2.39 %
    Subordinated notes   55,681     830     5.93 %     55,647     829     5.99 %     58,983     880     5.92 %
    Junior subordinated debentures issued to capital trusts   57,389     1,230     8.53 %     57,335     1,213     8.51 %     57,166     1,227     8.52 %
    Total interest bearing liabilities $ 5,961,871   $ 43,978     2.93 %   $ 5,891,378   $ 41,702     2.85 %   $ 5,972,083   $ 38,035     2.53 %
    Non-interest bearing liabilities
    Demand deposits $ 1,083,214         $ 1,080,676         $ 1,159,241      
    Accrued interest payable and other liabilities   74,563           80,942           77,942      
    Stockholders’ equity   738,372           726,332           715,485      
    Total average liabilities and stockholders’ equity $ 7,858,020         $ 7,779,328         $ 7,924,751      
    Net FTE interest income (non-GAAP) (5)   $ 48,927         $ 47,302         $ 44,202    
    Less FTE adjustments (4)     2,017           2,023           2,112    
    Net Interest Income   $ 46,910         $ 45,279         $ 42,090    
    Net FTE interest margin (Non-GAAP) (4)(5)       2.66 %         2.64 %         2.41 %
     
    (1) Securities balances represent daily average balances for the fair value of securities. The average rate is calculated based on the daily average balance for the amortized cost of securities.
    (2) Includes fees on loans held for sale and held for investment. The inclusion of loan fees does not have a material effect on the average interest rate.
    (3) Non-accruing loans for the purpose of the computation above are included in the daily average loan amounts outstanding. Loan totals are shown net of unearned income and deferred loan fees.
    (4) Management believes fully taxable equivalent, or FTE, interest income is useful to investors in evaluating the Company’s performance as a comparison of the returns between a tax-free investment and a taxable alternative. The Company adjusts interest income and average rates for tax-exempt loans and securities to an FTE basis utilizing a 21% tax rate
    (5) Non-GAAP financial metric. See non-GAAP reconciliation included herein for the most directly comparable GAAP measure.
     
      Credit Quality        
      (Dollars in Thousands Except Ratios, Unaudited)        
      Quarter Ended        
      September 30,   June 30,   March 31,   December 31,   September 30,   % Change
      2024   2024   2024   2023   2023   3Q24 vs 2Q24   3Q24 vs 3Q23
    Non-accrual loans                          
    Commercial $ 6,830     $ 4,321     $ 5,493     $ 7,362     $ 6,919       58 %     (1 )%
    Residential Real estate   9,529       8,489       8,725       8,058       7,644       12 %     25 %
    Mortgage warehouse                                 %     %
    Consumer   7,208       5,453       4,835       4,290       4,493       32 %     60 %
    Total non-accrual loans   23,567       18,263       19,053       19,710       19,056       29 %     24 %
    90 days and greater delinquent – accruing interest   819       1,039       108       559       392       (21 )%     109 %
    Total non-performing loans   24,386       19,302       19,161       20,269       19,448       26 %     25 %
                               
    Other real estate owned                          
    Commercial $ 1,158     $ 1,111     $ 1,124     $ 1,124     $ 1,287       4 %     (10 )%
    Residential Real estate                     182       32       %     (100 )%
    Mortgage warehouse                                 %     %
    Consumer   36       57       50       205       72       (37 )%     (50 )%
    Total other real estate owned $ 1,194     $ 1,168     $ 1,174     $ 1,511     $ 1,391       2 %     (14 )%
                               
    Total non-performing assets $ 25,580     $ 20,470     $ 20,335     $ 21,780     $ 20,839       25 %     23 %
                               
    Loan data:                          
    Accruing 30 to 89 days past due loans $ 18,087     $ 19,785     $ 15,154     $ 16,595     $ 13,089       (9 )%     38 %
    Substandard loans   59,775       51,221       47,469       49,526       47,563       17 %     26 %
    Net charge-offs (recoveries)                          
    Commercial   (55 )     57       (57 )     233       142       (196 )%     (139 )%
    Residential Real estate   (9 )     (4 )     (5 )     21       (39 )     (125 )%     77 %
    Mortgage warehouse                                 %     %
    Consumer   439       534       488       531       619       (18 )%     (29 )%
    Total net charge-offs   375       587       426       785       722       (36 )%     (48 )%
                               
    Allowance for credit losses                          
    Commercial   32,854       31,941       30,514       29,736       29,472       3 %     11 %
    Residential Real estate   2,675       2,588       2,655       2,503       2,794       3 %     (4 )%
    Mortgage warehouse   862       736       659       481       714       17 %     21 %
    Consumer   16,490       16,950       16,559       17,309       16,719       (3 )%     (1 )%
    Total allowance for credit losses $ 52,881     $ 52,215     $ 50,387     $ 50,029     $ 49,699       1 %     6 %
                               
    Credit quality ratios                          
    Non-accrual loans to HFI loans   0.49 %     0.38 %     0.41 %     0.45 %     0.44 %        
    Non-performing assets to total assets   0.32 %     0.26 %     0.26 %     0.27 %     0.26 %        
    Annualized net charge-offs of average total loans   0.03 %     0.05 %     0.04 %     0.07 %     0.07 %        
    Allowance for credit losses to HFI loans   1.10 %     1.08 %     1.09 %     1.13 %     1.14 %        
                                                   
    Non–GAAP Reconciliation of Net Fully-Taxable Equivalent (“FTE”) Interest Margin
    (Dollars in Thousands, Unaudited)
        Three Months Ended
        September 30,   June 30,   March 31,   December 31,   September 30,
        2024   2024   2024   2023   2023
    Interest income (GAAP) (A) $ 90,888     $ 86,981     $ 85,264     $ 83,514     $ 80,125  
    Taxable-equivalent adjustment:                    
    Investment securities – tax exempt (1)     1,677       1,695       1,715       1,799       1,861  
    Loan receivable (2)     340       328       353       314       251  
    Interest income (non-GAAP) (B)   92,905       89,004       87,332       85,627       82,237  
    Interest expense (GAAP) (C)   43,978       41,702       41,976       41,257       38,035  
    Net interest income (GAAP) (D) =(A) – (C)   46,910       45,279       43,288       42,257       42,090  
    Net FTE interest income (non-GAAP) (E) = (B) – (C)   48,927       47,302       45,356       44,370       44,202  
    Average interest earning assets (F)   7,330,263       7,212,788       7,293,559       7,239,034       7,286,611  
    Net FTE interest margin (non-GAAP) (G) = (E*) / (F)   2.66 %     2.64 %     2.50 %     2.43 %     2.41 %
                         
    (1) The following represents municipal securities interest income for investment securities classified as available-for-sale and held-to-maturity
    (2) The following represents municipal loan interest income for loan receivables classified as held for sale and held for investment
    *Annualized
     
    Non–GAAP Reconciliation of Return on Average Tangible Common Equity
    (Dollars in Thousands, Unaudited)
        Three Months Ended
        September 30,   June 30,   March 31,   December 31,   September 30,
        2024   2024   2024   2023   2023
                         
    Net income (loss) (GAAP) (A) $ 18,180     $ 14,140     $ 13,991     $ (25,215 )   $ 16,205  
                         
    Average stockholders’ equity (B)   738,372       726,332       725,083       702,793       715,485  
    Average intangible assets (C)   166,819       167,659       168,519       169,401       170,301  
    Average tangible equity (Non-GAAP) (D) = (B) – (C) $ 571,553     $ 558,673     $ 556,564     $ 533,392     $ 545,184  
    Return on average tangible common equity (“ROACE”) (non-GAAP) (E) = (A*) / (D)   12.65 %     10.18 %     10.11 %   (18.76 )%     11.79 %
    *Annualized                    
                         
    Non–GAAP Reconciliation of Tangible Common Equity to Tangible Assets
    (Dollars in Thousands, Unaudited)
        Three Months Ended
        September 30,   June 30,   March 31,   December 31,   September 30,
        2024   2024   2024   2023   2023
    Total stockholders’ equity (GAAP) (A) $ 754,822     $ 726,665     $ 721,250     $ 718,812     $ 693,369  
    Intangible assets (end of period) (B)   166,278       167,121       167,965       168,837       169,741  
    Total tangible common equity (non-GAAP) (C) = (A) – (B) $ 588,544     $ 559,544     $ 553,285     $ 549,975     $ 523,628  
                         
    Total assets (GAAP) (D)   7,927,457       7,912,527       7,855,707       7,940,485       7,959,434  
    Intangible assets (end of period) (B)   166,278       167,121       167,965       168,837       169,741  
    Total tangible assets (non-GAAP) (E) = (D) – (B) $ 7,761,179     $ 7,745,406     $ 7,687,742     $ 7,771,648     $ 7,789,693  
                         
    Tangible common equity to tangible assets (Non-GAAP) (G) = (C) / (E)   7.58 %     7.22 %     7.20 %     7.08 %     6.72 %
                                             
    Non–GAAP Reconciliation of Tangible Book Value Per Share
    (Dollars in Thousands, Unaudited)
        Three Months Ended
        September 30,   June 30,   March 31,   December 31,   September 30,
        2024
      2024
      2024
      2023
      2023
    Total stockholders’ equity (GAAP) (A) $ 754,822     $ 726,665     $ 721,250     $ 718,812     $ 693,369  
    Intangible assets (end of period) (B)   166,278       167,121       167,965       168,837       169,741  
    Total tangible common equity (non-GAAP) (C) = (A) – (B) $ 588,544     $ 559,544     $ 553,285     $ 549,975     $ 523,628  
    Common shares outstanding (D)   43,712,059       43,712,059       43,726,380       43,652,063       43,648,501  
                         
    Tangible book value per common share (non-GAAP) (E) = (C) / (D) $ 13.46     $ 12.80     $ 12.65     $ 12.60     $ 12.00  
                                             
    Contact: John R. Stewart, CFA
      EVP, Chief Financial Officer
    Phone: (219) 814–5833
    Fax: (219) 874–9280
    Date: October 23, 2024
       

    The MIL Network

  • MIL-OSI USA: ICYMI—Hagerty Joins CNN News Central to Discuss Latest Trump Smear Campaign, Biden-Harris Failed Economic and Foreign Policies

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty
    ‘The American public can see right through it.’
    PHILADELPHIA, PA—United States Senator Bill Hagerty (R-TN), former U.S. Ambassador to Japan in the Trump Administration, today joined CNN News Central to discuss the latest outrageous smear campaign against former President Donald Trump and the Biden-Harris Administration’s failures in both the economy and foreign policy.

    *Click the photo above or here to watch*
    Partial Transcript
     Hagerty on his personal experience serving in the Trump Administration: “I’ll say this: I did serve with President Trump as U.S. Ambassador to Japan. We have more U.S. military stations there in Japan than any place else in the world overseas. President Trump came to visit me three times—we always met with our military there—and I never saw anything but the utmost respect, both President Trump’s respect for our military, and their love and respect for him. That’s what I know.”
    Hagerty on John Kelly’s slanderous claims against Trump: “It’s wholly inconsistent with my experience with President Trump. I also have reason to doubt it because there’ve been articles published about ‘losers’ and the things that were supposedly said in Normandy. I called the Ambassador right away. Again, these are old stories that are being drug up, of course, within two weeks of the election. But when I called the Ambassador, she said [the claims were] absolutely not true [regarding] what was attributed to John Kelly [in 2020], 20 other staffers said that was the case as well. I think this is being brought up at a time to divert and deflect. Here’s the story: American people right now need to be asking themselves a very basic question: Are they better off today than they were when President Trump was in office? Kamala Harris is claiming all these things that she might be able to do, yet she’s done none of them for the past three and a half years. What we’ve got is a situation where Kamala Harris can’t find any place where she would differ from Joe Biden. Seventy two percent of Americans think that this country is on the wrong track. All they have to do is look back to the time when President Trump was in office; that debunks these claims. President Trump had our economy working. People respected us—nations respected us—we had people better off in every demographic group. And I think that’s why Americans are seeing President Trump’s polls move forward, and I think that’s why we see these desperate things coming out here at the last minute, again, within the last two weeks, citing something from the deep past. It’s irrelevant at this point. Americans need to know: Will [they] be better off? Seventy two percent of Americans say we’re on the wrong track right now; I think they’re ready for change […] Real wages [are] what I think most people care about. Real wages [are] what they care about, and they were better off [under Trump].”
    Hagerty on the false claim that Trump doesn’t respect the military: “His record as commander in Chief debunks [these baseless claims] in my mind…Because why? He actually did have us in position where there were no wars. You have [President] Joe Biden as Commander in Chief; what did he do? He and [Vice President] Kamala Harris, the last in the room, made a terrible decision in Afghanistan that led to the death of 13 service members, very personal to me. One of them was Ryan Knauss, a Tennessean. And I had to call Ryan’s parents and tell them what happened. You think about it: Joe Biden is there at the return of the remains at Dover. He doesn’t even have time for them; he’s looking at his watch. And when he’s in debate, he tells the world that no military man or woman died under his watch. He just forgot about the 13 that died on his watch. That’s presidential disrespect; I don’t see that coming up. Instead, you have claims that cannot be verified from someone that obviously doesn’t like President Trump and was fired by President Trump […] President Trump is a patriot. He loves this country.”
    Hagerty on Trump’s foreign policies having substantially greater success than Biden-Harris’ policies: “I’ve actually seen Donald Trump in the room with Vladimir Putin and with Xi Jinping, with [Prime Minister Narendra] Modi, with [Former Prime Minister Shinzo] Abe. He’s able to hold his own. I certainly don’t think Kamala Harris could do that. Donald Trump knows how to negotiate. He knows how to deal with world leaders, and he can deal from a position of strength. That’s what Americans need right now. That’s what Americans should be asking themselves this close to the election, is who will represent our nation? Who will put us back in a posture of strength? Donald Trump clearly can do that because he’s done it before. Under his watch, we had no major wars breakout. As soon as Joe Biden and Kamala Harris came back into office, we saw the exact opposite. We’ve got hot wars now in the Middle East—you see what’s happening in Ukraine and Russia…It’s a very bad situation that’s occurred over the past three and a half years. Kamala Harris could have done something about it if she were serious. Obviously, she didn’t, and I think the American public can see right through it.”

    MIL OSI USA News