Source: China State Council Information Office 2
China’s Ministry of Public Security on Monday announced that 313 Chinese nationals suspected of cross-border telecom fraud have been transferred from Myanmar to China.
This is the result of a joint law enforcement operation between Chinese and Myanmar police aimed at cracking down on telecom and online fraud in northern Myanmar.
Source: Sony
Atsugi, Japan and Cambridge, UK — Sony Semiconductor Solutions Corporation (SSS) and Raspberry Pi Ltd today announced that they are launching a jointly developed AI camera. The Raspberry Pi AI Camera, which is compatible with Raspberry Pi’s range of single-board computers, will accelerate the development of AI solutions which process visual data at the edge. Starting from September 30, the product will be available for purchase from Raspberry Pi’s network of Approved Resellers, for a suggested retail price of $70.00*.
* Not including any applicable local taxes.
In April 2023, it was announced that SSS would make a minority investment in Raspberry Pi Ltd. Since then, the companies have been working to develop an edge AI platform for the community of Raspberry Pi developers, based on SSS technology. The AI Camera is powered by SSS’s IMX500 intelligent vision sensor, which is capable of on-chip AI image processing, and enables Raspberry Pi users around the world to easily and efficiently develop edge AI solutions that process visual data.
“SSS and Raspberry Pi Ltd aim to provide Raspberry Pi users and the development community with a unique development experience,” said Eita Yanagisawa, General Manager, System Solutions Division, Sony Semiconductor Solutions Corporation. “I’m very excited to share SSS edge AI sensing technology with the world’s largest development community as the first fruits of our strategic partnership. We look forward to further collaboration with Raspberry Pi using our AITRIOS edge AI solution development and operations platform. We aim to make the most of AI cameras equipped with our image sensors in our collaborative efforts with Raspberry Pi.”
“AI-based image processing is becoming an attractive tool for developers around the world,” said Eben Upton, CEO, Raspberry Pi Ltd. “Together with our longstanding image sensor partner Sony Semiconductor Solutions, we have developed the Raspberry Pi AI Camera, incorporating Sony’s image sensor expertise. We look forward to seeing what our community members are able to achieve using the power of the Raspberry Pi AI Camera.”
Specifications
About Sony Semiconductor Solutions Corporation
Sony Semiconductor Solutions Corporation is a wholly owned subsidiary of Sony Group Corporation and the global leader in image sensors. It operates in the semiconductor business, which includes image sensors and other products. The company strives to provide advanced imaging technologies that bring greater convenience and fun. In addition, it also works to develop and bring to market new kinds of sensing technologies with the aim of offering various solutions that will take the visual and recognition capabilities of both human and machines to greater heights.
For more information, please visit https://www.sony-semicon.com/en/index.html.
About Raspberry Pi Ltd
Raspberry Pi is on a mission to put high-performance, low-cost, general-purpose computing platforms in the hands of enthusiasts and engineers all over the world. Since 2012, we’ve been designing single-board and modular computers, built on the Arm architecture, and running the Linux operating system. Whether you’re an educator looking to excite the next generation of computer scientists; an enthusiast searching for inspiration for your next project; or an OEM who needs a proven rock-solid foundation for your next generation of smart products, there’s a Raspberry Pi computer for you.
Note: AITRIOS is the registered trademark or trademark of Sony Group Corporation or its affiliates.
Source: ASEAN
In gearing up for the upcoming 44th and 45th ASEAN Summits and Related Summits in Vientiane, Lao PDR, early next month, Secretary-General of ASEAN, Dr. Kao Kim Hourn, today met with the Permanent Representative of Lao PDR to ASEAN and CPR Chair for 2024, H.E. Amb. Bovonethat Douangchak, at the ASEAN Headquarters/ ASEAN Secretariat. SG Dr. Kao underscored the importance of the upcoming Summits and reaffirmed his commitment to supporting Lao PDR, as the ASEAN Chair for 2024, for the success of its chairmanship year. The Secretary-General also expressed his confidence that the meetings will yield productive outcomes for the region and for the rest of the world.
The post Secretary-General of ASEAN meets with the Permanent Representative of Lao PDR to ASEAN appeared first on ASEAN Main Portal.
Source: Government of Sweden
Published
Security in the Euro-Atlantic and Indo-Pacific regions is becoming increasingly interlinked. The Government is now presenting a defence policy direction for cooperation between Sweden and countries in the Indo-Pacific region.
The Indo-Pacific region, the vast and densely populated area that stretches from the east coast of Africa via the Indian Ocean and archipelagos of South-East Asia to the Pacific Islands Countries, has taken on a key defence policy and military role in recent years.
These regional developments are increasingly characterised by the dynamic between China and the United States. China’s increasing authoritarianism and cooperation with Russia, as well as the United States’ resource prioritisation between Europe and the Indo-Pacific region, are both impacting the security situation in Europe. The Euro-Atlantic region, including Sweden, would be negatively affected by conflict in the Indo-Pacific region.
At the same time, the Indo-Pacific region is affected by events in Europe, such as Russia’s full-scale invasion of Ukraine and its aftermath. Security in the Indo-Pacific and Euro-Atlantic regions is increasingly interlinked.
“It has therefore become increasingly important to develop defence relations with partner countries in the Indo-Pacific region. The Government’s ambition to do this is presented in the new policy direction,” says Minister of Defence Pål Jonson.
The Government adopted the direction on 4 July. It was publicly launched during a seminar at the Mediterranean Museum in Stockholm on 30 September, which Mr Jonson participated in.
The direction lists measures intended to strengthen Sweden’s defence cooperation with Indo-Pacific countries within three focus areas:
• defence relations;
• military presence;
• cooperation on defence materiel, innovation and technology.
Through enhanced cooperation, Sweden and Swedish actors can further national defence capabilities and security while also contributing to peace and stability in the Indo-Pacific region. Within both NATO and the EU, Sweden will pursue increased defence cooperation with partner countries in the Indo-Pacific region.
Source: United Kingdom – Executive Government & Departments
Mobilisation of climate finance set to be boosted across East Africa through new UK-backed company as investors put pen to paper to begin operations.
Investors back Dhamana Guarantee Company’s work to transform East Africa’s financial landscape.
Tackling climate change given another boost in Kenya as, for second time in a week, a UK-Government backed investor in green finance solutions puts pen to paper.
Monday 30 September 2024 – Dhamana Guarantee Company Ltd (Dhamana) has reached a major milestone, marked at an event in Nairobi today.
Investors in the new company put pen to paper at a signing ceremony, which will allow the company to kick-start operations.
Dhamana aims to mobilise private sector finance to support the development of sustainable businesses. It will do so by issuing guarantees to commercially viable projects, businesses, and institutions that tackle the climate crisis and make progress towards the Sustainable Development Goals (SDGs).
The design and creation of the company was supported by the UK-Government backed investor the Private Infrastructure Development Group (PIDG) through InfraCo Africa. With its anchor investment, PIDG kick-started Dhamana, attracting further equity investment from the African Development Bank (AfDB) and CPF Group, with support provided by Cardano Development and FSD Africa.
Dhamana is a new limited liability company based in Kenya with a mandate to deliver for the East African region – including – Kenya, Tanzania, Uganda and Rwanda. It will provide credit guarantees on debt capital market instruments, to boost the credit rating of such instruments and crowd in investment from pension funds, insurance companies and sovereign wealth funds to support sustainable infrastructure and business development in East Africa.
Dhamana will target businesses that add value to people’s lives, improving the day-to-day life of Kenyans and of people across the region. The increase in affordable finance for Kenyan businesses will mean projects will require less capital to get off the ground, make money, and generate growth. Dhamana will also enable investors to diversify their portfolios, acting as a catalyst to transform East Africa’s financing landscape.
This is the second time in a week that an investor in climate solutions backed by the UK Government has achieved a milestone. Last week, MOBILIST signed a partnership with the Nairobi Securities Exchange which aims to drive the listing of new investment products in the Kenyan market and increase the amount of private sector capital available for development and climate projects in Kenya and drive growth.
With the support of our investors and supporters, we have worked to develop Dhamana as an important catalyst for long-term sustainable finance in the region. Dhamana’s local currency guarantees will connect pools of untapped capital with East Africa’s real economy, making a tangible difference to people’s lives and offering local investors the opportunity to invest in Paris-aligned initiatives.
For the second time in a week I am proud to say that the UK has supported a climate finance solution in Kenya – an example of our long-term commitment to long-term investment and growth. This is a great pan-Africa partnership that will improve the lives of East Africans for the better, and as the saying goes, we go far when we go together.
Building on the success of other PIDG-supported credit enhancement facilities in Nigeria and Pakistan, Dhamana will demonstrate the value of such a facility in the East African market, opening up opportunities for investors and clients alike. Crucially, Dhamana will engage new partners and investors in our efforts to urgently address the climate crisis and accelerate delivery of the UN sustainable development goals.
The African Development Bank’s equity investment in Dhamana reinforces the catalytic role and potential of credit enhancement companies in leveraging opportunities for infrastructure financing in local currency and supporting debt capital markets deepening in our regional member countries. We intend to replicate this business model in appropriate markets across Africa with partners such as the Private Infrastructure Development Group (PIDG) and others. The first example of this type of credit enhancement company was InfraCredit in Nigeria which has had demonstrated success, and now Dhamana in East Africa. The investment in Dhamana aligns with the Bank’s priority to mobilise financing through innovative vehicles from African institutional funds including pension funds, sovereign wealth funds and insurance companies for infrastructure development in Africa.
We are proud to be part of this transformative initiative through Dhamana Guarantee Company. We believe in the power of innovative financial solutions to drive sustainable growth. By leveraging local currency guarantees, Dhamana will unlock critical capital for critical infrastructure projects, advancing economic development. This partnership aligns with our commitment to investing in initiatives that improve the lives of people’s lives and our economy while contributing to a more sustainable future.
Dhamana’s true strength lies in its capacity to attract significant investments from East Africa’s institutional capital, laying a strong foundation for future scaling up according to its sizeable potential and thus meaningfully contribute to sustained economic growth in the region. Part of our core work is to incubate guarantee solutions for emerging and frontier markets, and we are thrilled to formalise this partnership today, as we collectively provide Dhamana with the crucial support and capital needed to fulfil this vital objective.
The UK-Kenya strategic partnership joint statement can be found here.
Dhamana Guarantee Company (Dhamana): Dhamana is working to catalyse the development of domestic capital markets in East Africa. It does this by connecting significant under-utilised sources of domestic institutional capital with the real economy, such as new green infrastructure, and providers of credit to businesses. This increases access and the affordability of local capital, providing new low-risk opportunities for local investors. Dhamana will also serve to provide a portfolio of businesses with access to the local currency capital needed to deliver bankable projects, meeting the high demand for new affordable housing, transportation, water, and energy infrastructure, and promoting long term economic development. http://www.dhamana.com
The Private Infrastructure Development Group (PIDG) is an innovative infrastructure project developer and investor which mobilises private investment in sustainable and inclusive infrastructure in sub-Saharan Africa and south and south-east Asia. PIDG investments promote socio-economic development within a just transition to net zero emissions, combat poverty and contribute to the Sustainable Development Goals (SDGs). PIDG delivers its ambition in line with its values of pioneering, partnership, safety, inclusivity, and urgency. PIDG offers Technical Assistance for upstream, early-stage activities and concessional capital; its project development arm – which includes InfraCo Africa and InfraCo Asia – invests in early-stage project development and project and corporate equity. PIDG credit solutions include EAIF (the Emerging Africa Infrastructure Fund), one of the first and more successful blended debt funds in low-income markets; GuarantCo, its guarantee arm that provides credit enhancement and local currency solutions to de-risk projects; and a growing portfolio of local credit enhancement facilities, which unlocks domestic institutional capital for infrastructure financing. Since 2002, PIDG has supported 233 infrastructure projects to financial close, which provided an estimated 228 million people with access to new or improved infrastructure. PIDG is funded by the governments of the United Kingdom, the Netherlands, Switzerland, Australia, Sweden, Global Affairs Canada, Germany, and the IFC. http://www.pidg.org
The African Development Bank (AfDB) is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and Nigeria Trust Fund (NTF). On the ground in 34 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 54 regional member states. http://www.afdb.org
The CPF Group offers a comprehensive range of services through its various subsidiaries including CPF Financial Services which administers both private and public pension funds; notably – the Public Service Superannuation Scheme (PSSS); The Local Authorities Pensions Trust (LAPTRUST); the Taifa Pension Fund; the County Pension Fund and CPF Individual Pension Plan. The funds under our administration have a total membership of just over 500,000 members.
Other subsidiaries include Laser Infrastructure & Technology Solutions (LITES); Laser Property Services; Rukisha Advances payment platform; CPF Asset Managers; CPF Capital & Advisory; and Laser Insurance Brokers (LIB). The Group offers a wide range of services in ICT & renewable energy solutions, Property Services, Insurance Brokerage, Smart Money platform, fund management, Transaction Advisory, Trust fund services, training & consultancy, and Corporate Trustee Services. Derived from uncompromised commitment to fulfilling lives, the CPF Group prioritises new models and approaches in engineering turnkey solutions for clients across the region. http://www.cpfgroup.or.ke
Cardano Development (CD), established in 2007, incubates new companies, and creates and manages fund managers. Through careful risk-management analysis in data poor settings, CD identifies scalable solutions that can help to make frontier financial markets more inclusive, investible, and sustainable to unlock lasting economic value. CD creates scalable solutions for currency, credit, and liquidity risks in these markets. With over USD 6 billion assets and USD 3.1 billion capital under management, CD supports scale-up ventures (TCX, GuarantCo, Frontclear, BIX Capital, ILX Fund, AGRI3 Fund), and a number of new start-ups, with ongoing management support services and corporate governance oversight. http://www.cardanodevelopment.com.
Source: Hong Kong Government special administrative region
Consultation conclusions on information sharing among Authorized Institutions to aid in prevention or detection of crime
Consultation conclusions on information sharing among Authorized Institutions to aid in prevention or detection of crime
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The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) published today (September 30) the conclusions of the public consultation on a proposal for information sharing among Authorized Institutions (AIs) to aid in prevention or detection of crime (Conclusions Document). The Conclusions Document sets out the main comments received, the HKMA’s responses, and the next steps on taking forward the HKMA’s proposal. The HKMA launched a public consultation on January 23, 2024 to seek views from the banking sector and the public on proposals to facilitate sharing of information among AIs of information on customer accounts (including personal customers) for the purposes of preventing and detecting crime. The aim of the proposals is to help protect bank customers and the banking system against abuse for fraud, money laundering and terrorist financing (ML/TF). The HKMA received a total of 18 submissions from the banking industry, professional associations, public sector, law enforcement agencies, relevant firms and organisations and members of the public in the consultation. Respondents were generally in support of the proposal. In particular, the HKMA welcomes the comments provided by the Office of the Privacy Commissioner for Personal Data (PCPD) from the perspective of protection of personal data privacy under the Personal Data (Privacy) Ordinance (Cap. 486) (PDPO), which are reflected in the Conclusions Document. The HKMA will take into account the comments received and proceed with preparation of the necessary legislative amendments, which will form part of the overall review of the Banking Ordinance. In the meantime, the HKMA will continue to engage stakeholders on practical matters relating to implementation of the proposal. The Conclusions Document is available on the HKMA website.
Ends/Monday, September 30, 2024Issued at HKT 16:12
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Source: China State Council Information Office
Chinese and Thai experts learn about crop water demand testing at the Guangxi Irrigation Experimental Central Station in Guilin, Guangxi, Sept. 28, 2024. [Ren Bin/China.org.cn]
A team of 30 agricultural irrigation experts, government officials and local community representatives from China and Thailand visited Guilin, a city in southwest China’s Guangxi Zhuang autonomous region, on September 28, to study climate-smart water and rice farming technologies as part of the Lancang-Mekong Cooperation mechanism.
In Songlin village, Huixian township of Guilin, researchers from China’s Changjiang River Scientific Research Institute (CRSRI) of Changjiang Water Resources Commission, demonstrated smart irrigation equipment to Thai experts.
“With our smart equipment, the data on flow rate, water level, soil moisture and meteorology can be remotely monitored in real-time with just a digital device in your hand,” said Li Yalong, director of CRSRI’s Agricultural Water Conservancy Department. “With the help of this information, local farmers can control the amount of irrigation water, for example, and it helps achieve the goals of energy saving, water conservation and emission reductionat the same time.”
A local farmer surnamed Liao told China.org.cn about the improved drainage and water conservation since implementing the equipment.
“Compared to last year, the cost of twice irrigation has been saved. And the crops are growing well,” said Liao. “In previous years, when I planted the rice all by myself, the field yield was 1,800 to 2,100 kilograms per acre, but this year, it is estimated to be more than 2,400 kilograms.”
The demonstration site is part of a wider project promoting climate-smart water technologies for sustainable resources and rice production in the Lancang-Mekong Region, supported by the Lancang-Mekong Special Fund.
The project, guided by Thailand’s Office of the National Water Resources, is jointly coordinated with several institutes, including the Asia Center of Stockholm Environment Institute (SEI Asia Center) in Bangkok, the Environmental Research Institute of Chulalongkorn University, the Lancang-Mekong Water Resources Cooperation Center, the CRSRI, and the Institute of Water Resources and Hydropower Research. It aims to enhance climate-smart technology innovation and promote sustainable regional rice production and water resource management.
Thanapon Piman, water cluster lead and SEI Asia Center senior research fellow, who leads the project, praised the demonstration for strengthening cooperation among Lancang-Mekong countries on climate-smart farm technologies. He said it helps local communities adapt to the impacts of climate change and reduce the risks of floods and droughts.
“The technologies from China are good examples for Thailand to apply the technology in agricultural water resource management,” Piman said. “This visit gives us more confidence and inspiration on how to help local communities cope with the impact of climate change.”
The team also visited the Guangxi Irrigation Experimental Central Station, exploring experimental areas for water conservation, pollution prevention, and precision irrigation. Thai experts exchanged ideas on irrigation experiments with the station’s technical staff.
The Lancang-Mekong Cooperation mechanism is a multilateral framework established in 2016 for China and five Southeast Asian countries to collaborate on development and regional issues.
Source: Huawei
Headline: Notice on Rotating Chair Tenure
In accordance with Huawei’s Rotating Chair system, Ms. Sabrina Meng will assume the position of Rotating and Acting Chair of Huawei from October 1, 2024 to March 31, 2025. During her term, Ms. Meng will serve in the company’s top leadership position and head the Board of Directors and its Executive Committee.
Sabrina Meng’s Bio
Ms. Meng holds a master’s degree from Huazhong University of Science and Technology. Ms. Meng joined Huawei in 1993 and has held positions including Director of the International Accounting Dept, CFO of Huawei Hong Kong, and President of the Accounting Mgmt Dept. Ms. Meng now serves as Deputy Chairwoman of the Board, and Rotating Chairwoman and CFO of Huawei.
Since 2003, Ms. Meng has led the establishment of Huawei’s globally unified finance organizational structure, processes, regulations, and IT platforms. From 2007 to 2014, Ms. Meng implemented the Integrated Financial Services (IFS) Transformation Program across the company around the world, making fine-grained management part of Huawei’s DNA for sustainable growth.
In 2014, Ms. Meng led the company’s data transformation and established a comprehensive data management system, creating a single source for data and making data a strategic asset of the company. During the same period, Ms. Meng implemented transformation programs for Internal Controls over Financial Reporting (ICFR), Consistency of Inventory Accounts and Goods (CIAG), treasury management, and tax management. This has transformed the finance team into a business partner and value integrator, and supported the rapid and stable development of the company’s business worldwide.
Since 2019, Ms. Meng has developed a blueprint for the digital transformation of finance based on the company’s strategic vision and long-term development plan. She has led the development of key risk indicators and risk control models, making contactless risk controls a reality at Huawei. She has guided the establishment of an agile operations management system which has facilitated intelligent operations management and decision-making based on data and AI algorithms. She has also guided the establishment of an integrated management platform for key financial operations scenarios, to achieve collaborative operations and matrix management based on data sharing and real-time interactions.
Under Ms. Meng’s leadership, Huawei has established a world-leading digital and intelligent finance organization, laying a solid foundation for the company’s operations and supporting the company’s efforts to realize its strategies in the new era.
Source: Huawei
Headline: Notice on Rotating Chair Tenure
Sep 30, 2024
In accordance with Huawei’s Rotating Chair system, Ms. Sabrina Meng will assume the position of Rotating and Acting Chair of Huawei from October 1, 2024 to March 31, 2025. During her term, Ms. Meng will serve in the company’s top leadership position and head the Board of Directors and its Executive Committee.
Sabrina Meng’s Bio
Ms. Meng holds a master’s degree from Huazhong University of Science and Technology. Ms. Meng joined Huawei in 1993 and has held positions including Director of the International Accounting Dept, CFO of Huawei Hong Kong, and President of the Accounting Mgmt Dept. Ms. Meng now serves as Deputy Chairwoman of the Board, and Rotating Chairwoman and CFO of Huawei.
Since 2003, Ms. Meng has led the establishment of Huawei’s globally unified finance organizational structure, processes, regulations, and IT platforms. From 2007 to 2014, Ms. Meng implemented the Integrated Financial Services (IFS) Transformation Program across the company around the world, making fine-grained management part of Huawei’s DNA for sustainable growth.
In 2014, Ms. Meng led the company’s data transformation and established a comprehensive data management system, creating a single source for data and making data a strategic asset of the company. During the same period, Ms. Meng implemented transformation programs for Internal Controls over Financial Reporting (ICFR), Consistency of Inventory Accounts and Goods (CIAG), treasury management, and tax management. This has transformed the finance team into a business partner and value integrator, and supported the rapid and stable development of the company’s business worldwide.
Since 2019, Ms. Meng has developed a blueprint for the digital transformation of finance based on the company’s strategic vision and long-term development plan. She has led the development of key risk indicators and risk control models, making contactless risk controls a reality at Huawei. She has guided the establishment of an agile operations management system which has facilitated intelligent operations management and decision-making based on data and AI algorithms. She has also guided the establishment of an integrated management platform for key financial operations scenarios, to achieve collaborative operations and matrix management based on data sharing and real-time interactions.
Under Ms. Meng’s leadership, Huawei has established a world-leading digital and intelligent finance organization, laying a solid foundation for the company’s operations and supporting the company’s efforts to realize its strategies in the new era.
MIL OSI Translation. Timor-Leste Portuguese to English –
Press release
Extraordinary Meeting of the Council of Ministers on September 30, 2024
The Council of Ministers met at the Government Palace in Dili and approved the Draft State Budget (OGE) Bill for 2025, presented by the Minister of Finance, Santina José Rodrigues F. Viegas Cardoso, with a total value of US$ 2.6 billion allocated to the Central Administration, the Special Administrative Region of Oe-Cusse Ambeno (RAEOA) and Social Security, including the Social Security Reserve Fund. This amount includes an allocation of US$ 2.07 billion for the Central Administration, US$ 482 million for Social Security and US$ 62 million for the RAEOA.
The 2025 State Budget Bill continues the strategy of implementing the priorities set out in the Government Programme, under the motto “Investment in strategic infrastructure, strengthening the economy and improving the well-being of citizens”. The Proposal is formulated based on the Strategic Objectives of the IX Constitutional Government, with a view to promoting the socio-economic development of the Nation through targeted investments in strategic infrastructure, economic strengthening and initiatives aimed at improving the well-being of citizens. The 2025 State Budget aims to promote economic development and improve the living conditions of the Timorese population, through a clear strategy focused on sustainable economic growth, improving public services and ensuring that the benefits of development reach all citizens.
In terms of strategic infrastructure, US$227.3 million has been earmarked for the construction, expansion, rehabilitation and maintenance of road networks and bridges, as well as for the implementation of measures to protect against natural disasters, with the aim of improving connectivity and protecting communities from the effects of climate change. Funding is also provided for the rehabilitation of Presidente Nicolau Lobato International Airport and for the completion of the submarine fibre optic cable that will link Timor-Leste to Australia. The expansion of the internal fibre optic network will enable the provision of high-speed internet throughout the country from 2025 onwards. In the electricity sector, the budget foresees a significant increase in subsidies to the public company EDTL, EP, with the aim of improving and expanding the continuous supply of electricity, especially in rural and remote areas, ensuring a more stable and comprehensive service.
In the natural resources sector, the proposal allocates US$40 million to improve industrial and oil and mineral extraction areas on the country’s southern coast, contributing to economic development and strengthening energy security.
In the financial sector, an investment of US$5 million is expected in the capitalization of the Central Bank of Timor-Leste, with the aim of strengthening the stability and resilience of the national financial system.
The bill allocates a significant portion of the spending, around US$406 million, to support civil society, health and social services. In human capital development, US$17.2 million is allocated to vocational and technical training programs, as well as to grant scholarships. Education will also receive US$145.8 million to build new schools, train teachers and strengthen the education management system.
In health, the budget allocates US$99.2 million to improve the hospital network and health centers throughout the country, in addition to US$14.2 million for the acquisition and distribution of essential medicines and medical equipment. In terms of social protection, the Bolsa da Mãe program will be strengthened with an increase of more than US$7 million, plus US$2.86 million earmarked for improving the health and nutrition of pregnant women and children. The proposal also includes a transfer of US$124.1 million to the Social Security Budget, an increase of US$37.4 million compared to 2024, which reflects the expansion of the Social Security system and the value of the social old-age and disability pension. END
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.
Cutting value-chain emissions could be key to reducing carbon footprints to net zero, ITU-WBA report shows.
Geneva, 30 September 2024 – The carbon footprint of the digital technology sector is growing to keep pace with global demand for hardware, network services, data storage and emerging technologies, according to a report co-authored by the International Telecommunication Union (ITU) and the World Benchmarking Alliance (WBA).
Alongside commitments expressed across industry to embrace both digital growth and environmental sustainability, the report reveals an overall decline in progress towards climate goals. Greenhouse gas (GHG) emissions and energy consumption in the global tech sector have increased, while transparency and accountability remain a challenge.
Greening Digital Companies 2024 offers insights and best practices to help tech companies worldwide accelerate their emissions reductions, achieve low-carbon operations, and improve climate reporting.
“An effective green transition needs digital companies to drive progress and lead by example,” said ITU Secretary-General Doreen Bogdan-Martin. “This report is an important tool for understanding where to focus efforts to maximize digital technology’s immense potential to advance sustainability in the face of climate change for the digital future we want. The report’s findings formulate a clear call for action for leaders gathering at the Green Digital Action meeting at COP29’s landmark Digitalisation Day.”
Balancing benefits and costs
Digital technologies offer numerous socio-economic benefits and can accelerate progress on the UN’s Sustainable Development Goals (SDGs).
Tech can enhance weather predictions and climate-change monitoring, optimize energy use, and help integrate low-emission technologies.
But to advance sustainable development, industry must monitor and address its own environmental challenges, including carbon emissions, energy and water consumption, e-waste, and raw-material depletion.
Greening Digital Companies 2024 evaluates the greenhouse gas emissions and energy use of 200 leading digital companies around the world.
Of the 200 companies covered in the report, 148 reported electricity consumption totaling 518 terawatt-hours (TWh) in 2022, about 1.9 per cent of the world total. The 10 companies with the highest consumption levels – all headquartered in East Asia or the United States – consumed 51 per cent of this total, 9 per cent higher than in 2021.
Assessing the corporate value chain
The report’s 2024 edition provides the first comprehensive overview of corporate value-chain emissions. Often referred to as “Scope 3,” these make up most of the emission footprints of digital companies.
Scope 3 emissions include everything from material suppliers and outsourced device production to the use of a company’s end-products by consumers. Such end-products range from cell phones and computers to search engines and AI chatbots.
On average, these emissions are six times greater than the combined Scope 1 and Scope 2 emissions that a company produces itself or is responsible for indirectly, according to the report.
Many companies struggle to accurately calculate and attribute their Scope 3 emissions, with common challenges including lack of data from suppliers, double counting, and inconsistent application of emission-allocation principles.
“Digital companies need to do their part in the fight against climate change,” said Lourdes O. Montenegro, Director of Research and Digitisation at the World Benchmarking Alliance. “This report uniquely offers evidence-based insights on the sector’s state of play. We are bringing these data and insights to the attention of the international community to help ensure that the impact on people and planet is consequential to success in business.”
Managing emissions from emerging technologies
The rapid growth of artificial intelligence (AI) technologies will further strain energy resources and keep adding to emissions, the report makes clear.
The report also notes the contributions that AI and other transformative technologies can make to support sustainable development.
To help digital companies meet sustainability goals, Greening Digital Companies 2024 underscores the role of governments in implementing monitoring frameworks and accelerating the availability of green energy.
“From the development point of view, it is increasingly important for industry players to more closely monitor their own greenhouse gas emissions and act to reduce emissions and energy use,” said Cosmas Zavazava, Director of the ITU’s Telecommunication Development Bureau.
“GHG impacts can be devastating and include extreme and changing weather patterns and rising sea levels. If left unchecked, climate change will undo part of the development progress of the past. Governments can support the tech industry’s efforts to balance innovation with sustainability, fostering a twin transition towards digital growth and environmental responsibility.”
Liberalizing energy markets, reducing red tape for permitting, modernizing power grids, and investing in energy storage are all ways that governments can support industry sustainability efforts. Renewable energy investment is also critical.
Research and analysis to support green digital action
Greening Digital Companies 2024 reflects ITU’s wider push for effective climate action across the global tech industry.
ITU, the UN Agency for Digital Technologies, urges the industry to take responsibility for its own emissions; helps develop and promote technical standards to cut emissions in line with global climate goals; and encourages industry partners worldwide to support ITU’s Green Digital Action, aiming to strengthen the contribution of digital technologies to climate and environmental action.
Advance interviews under the embargo are available.
The full report is available for media preview at https://bit.ly/4gAdZYI
The report will be launched Monday 30 September during the ITU-WBA webinar: “Greening Digital Companies 2024: Monitoring emissions and climate commitments,” taking place in two sessions to accommodate different world regions:
Session One: 9:00 – 10:15 CEST / Session Two: 18:00 – 19:15 CEST
To register: http://www.itu.int/go/gdc-24
The upcoming UN Climate Conference in Baku, Azerbaijan (COP29) will host the first Digitalisation Day at a COP, shining a spotlight on the growing opportunities and challenges posed by increasing digitalisation. This will include the inaugural high-level meeting on digitalisation at a COP.
Resources and background information:
International Telecommunication Union (ITU)
The International Telecommunication Union (ITU) is the United Nations specialized agency for information and communication technologies (ICTs), driving innovation in ICTs together with 194 Member States and a membership of over 1,000 companies, universities, and international and regional organizations. Established in 1865, it is the intergovernmental body responsible for coordinating the shared global use of the radio spectrum, promoting international cooperation in assigning satellite orbits, improving communication infrastructure in the developing world, and establishing the worldwide standards that foster seamless interconnection of a vast range of communications systems. From broadband networks to cutting-edge wireless technologies, aeronautical and maritime navigation, radio astronomy, oceanographic and satellite-based earth monitoring as well as converging fixed-mobile phone, Internet and broadcasting technologies, ITU is committed to connecting the world.
Learn more: http://www.itu.int
About WBA
The World Benchmarking Alliance (WBA) is a non-profit organization that assesses and ranks the performance of the world’s most influential companies on the United Nations Sustainable Development Goals. Data in this report were collected as part of the WBA Digital Inclusion Benchmark, which assesses the world’s leading technology companies on their performance in enhancing access to digital technologies, improving digital skills, fostering trustworthy use, and innovating openly, inclusively and ethically. In addition, WBA produces the Climate and Energy Benchmark, which measures corporate progress against the Paris Agreement and covers 450 of the world’s most influential companies in high-emitting sectors such as the automotive, utilities, oil, gas and transport industries.
Learn more: https://www.worldbenchmarkingalliance.org/
Greening Digital Companies 2024 report: a focus on Scope 3 emissions
The Greening Digital Companies 2024 report provides the first comprehensive overview of corporate supply chain, or Scope 3, emissions, which are roughly six times Scope 1 and 2 emissions combined.
Scope 3 emissions are indirect emissions from a company’s upstream and downstream activities, such as outsourced suppliers in information and communication technologies (ICTs) manufacturing and emissions from the use of products like computers and smartphones.
By definition, Scope 3 emissions are outside the company’s direct control. But firms can exert important influence through their choice of suppliers, on the one hand, and the energy efficiency of their products and services, on the other.
Scope 3 reporting, however, is beset by a lack of data from suppliers and transparency. A total of 75 of the 200 companies provide relevant data across all 15 categories, ranging from purchased goods/services, upstream transportation and distribution, waste generated in operations, to business travel, use of sold products, and downstream leased assets. But most fall short in their reporting.
“Despite an abundance of guidance, the majority of digital companies do not calculate a full Scope 3 emissions inventory,” said the report. “This makes it impossible to assess progress in reducing emissions across their value chain.
While 103 digital companies covered in this report have submitted an emissions reduction target to SBTi, only 73, just over one-third, have a Scope 3 target.
By the numbers:
ASSESSMENT: DISCLOSURE, TARGETS, PERFORMANCE
• The Greening Digital Companies report assesses companies on their data disclosure, targets and performance.
• Only three of 200 digital companies scored 90% or higher (Apple, Logitech, Telefonica).
• 26 companies scored 75% or higher (see figure below), up four from the assessment in the 2023 edition of the report.
• Only 70 companies had at least a “passing grade” of 50%, and 27 scored zero.
• The top 26 performers are all headquartered in Europe or the US
SCOPE 1 & 2: OPERATIONAL EMISSIONS
● 166 companies reported emissions totaling 293 million tCO2e in 2022, amounting to 0.8% of global emissions from energy use and 12% more than in 2021.
● Top 10 emitting companies – all in the US or East Asia – accounted for 55%of the total, with all but one reporting increased operational emissions in 2022.
● The Science Based Target initiative (SBTi) has not validated the emissions reduction target of any top ten emitters as aligned with the Paris Agreement 1.5°C target.
ELECTRICITY & RENEWABLE ENERGY
● 2022 electricity consumption for the 148 companies providing data topped 500 terawatt-hours (TWh), 1.9% of the global total.
● The top ten – all headquartered in East Asia and the US – consumed 51% of the total, 9% more than in 2021.
● The top four corporate purchasers of renewable energy globally in 2022 were digital companies: Amazon, Meta, Alphabet and Microsoft (see figure below).
● Sixteen companies reported sourcing 100% renewable electricity (see figure below). Four of which – Alphabet, Amazon, Microsoft and Deutsche Telekom – highlight that despite purchasing renewable electricity, it is not always available where their data centres are located or the electricity grid was not always supplying them.
● Four top ten companies consuming electricity in 2022– Alphabet, Amazon, Microsoft and Deutsche Telekom – purchased 100% renewable energy, but it has not always been available where needed.
● Samsung and TSMC have committed to 100% renewable electricity, but not before 2050 and 2040 respectively.
● None of the three Chinese telecom operators in the top ten electricity consumers have made commitments towards 100% renewable electricity.
TARGETS VALIDATED BY THE SCIENCE BASED TARGETS INITIATIVE (SBTi)
● 104 (out of 200) digital companies have submitted Scope 1 & 2 emissions reduction targets to the SBTi, of which 69 have been validated.
● Of the 69 validated targets: 45 companies are on track, 13 are not on track, and 11 have seen emissions rise.
● Validated targets account for 19% of the 200 companies’ total emissions (56 million tCO2e).
● 81% of the 294 million tCO2e of total operational emissions are not covered by an SBTi target.
SCOPE 3: CORPORATE VALUE CHAIN EMISSIONS
● Among companies that report all relevant Scope 3 emissions, Scope 1 accounts for 4%, Scope 2 for 15% and Scope 3 for 81%. Scope 3 emissions are on average 6 times greater than Scope 1 and 2 combined (see figure below).
● Only 75 of 200 companies provided a complete Scope 3 inventory despite it accounting for most digital company emissions.
AI & DATA CENTERS
• Generating responses to Chatbot queries (“inference”) accounts for up to 90% of total machine learning cloud computing costs according to research by Amazon Web Services.
• A ChatGPT inquiry needs almost ten times as much electricity to process as a standard web search.
• Data centers consumed about 460 TWh of electricity in 2022, a figure which is projected to increase 35% to 100% by 2026. At the upper end of this range, this demand is roughly equivalent to the electricity consumption in Japan.
• Large cloud providers are experiencing rapid growth in energy use and consequent emissions. Alphabet, Amazon and Microsoft operational GHG emissions are up 62% from 2020 reaching 47 million metric tons in 2023 (see figure below). Electricity use has grown even faster, up 78% over the same period and standing at just over 100 TWh in 2023, around what the entire country of the Philippines uses in a year. The trio have made huge investments to decarbonize their operations: they all procure 100% renewable electricity and they were three of the top four corporate purchasers of green energy in 2022.
• Given the uncertainty surrounding the climate impacts of AI, it will be important for energy usage and GHG emissions to be included as key metrics when evaluating AI models.
ADDITIONAL NUMBERS
● The number of global Internet users has doubled since 2010, and data traffic has expanded 25-fold
● E-waste increased 82% from 2010 to 2022, and on current trends will reach 82 million metric tonnes by 2030, equivalent to nearly 8 kg of e-waste per person every year according to the Global E-waste Monitor 2024.
The International Telecommunication Union: http://www.itu.int
World Benchmarking Alliance: worldbenchmarkingalliance.org
Source: IMF – News in Russian
September 30, 2024
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.
Phnom Penh,Cambodia : An International Monetary Fund (IMF) team, led by Kenichiro Kashiwase, visited Cambodia during September 17-30 to hold discussions for the 2024 Article IV consultation. At the end of the mission, Mr. Kashiwase issued the following statement:
“Cambodia’s economic growth has strengthened, but the recovery remains uneven. Real GDP growth is estimated at 5 percent in 2023, a similar pace as in 2022. For 2024, the economy is projected to expand by 5½ percent driven by a strong rebound in garment and agricultural exports and the ongoing recovery in tourism. However, the construction and real estate sectors are going through a correction, following rapid growth in prior years.
“Inflation has moderated to an average of 1.6 percent (y/y) in the first half of 2024, down from 2.1 percent in 2023, reflecting global commodity price trends and weak domestic demand growth. For the full year, inflation is projected to reach around 1.5 percent before converging towards the long-term trend of 3 percent.
“The current account (CA) balance is expected to swing back to a deficit of around 1¾ percent of GDP this year as strong imports are expected to outpace robust export growth. International reserves improved and coverage remains broadly adequate.
“Fiscal deficit in 2023 is estimated at 2.8 percent of GDP with tax revenues falling due to softening of economic growth momentum and rising tax exemptions. Capital expenditure was also lower than planned due to delays in infrastructure execution. The fiscal deficit is projected at around 3 percent of GDP in 2024 and decline gradually over the medium term. Public debt to GDP is projected to increase moderately during the next decade, though the risk of debt distress remains low.
“Credit growth has sharply slowed amidst deteriorating asset quality and high private sector debt. In 2024Q1, NPLs rose to 6 percent of total loans, reflecting emerging vulnerabilities with the temporary roll-back of the COVID-19 forbearance measures.
“Risks to the outlook have shifted to the downside, notably due to weaker-than-projected demand from advanced economies and China, geoeconomic fragmentation, and high domestic private debt. Rising NPLs in the tourism and real estate sectors also pose risks to growth and financial stability. On the upside, a continued loosening of global financial conditions would support the recovery.
“Turning to policies, fiscal policy needs to rebuild the buffers diminished by the pandemic, while accommodating a durable and inclusive recovery of the economy. In case of adverse shocks to the economy, fiscal policy should react with a focus on priority spending measures aligned with development goals and well-targeted social protection for the vulnerable. Strengthening revenues is important to create space for growth enhancing spending on education, health, and infrastructure. Tax exemptions and incentives should be reviewed and rationalized to reduce tax base erosion. Other measures to strengthen revenues include implementing the personal income tax and improving tax compliance and administration efficiency. Improving the targeting of social assistance programs and strengthening public investment management are also priorities. As Cambodia approaches graduation from the least developed country status, continuing to strengthen policy frameworks alongside enhancements to public financial management practices, improved fiscal transparency and governance, and the development of the domestic government bond market would be critical.
“Monetary policy normalization should resume at a pace calibrated to the economic recovery and banking sector liquidity conditions. Important progress has been made in modernizing monetary policy and FX operations. Further efforts in this direction will be needed to enhance monetary policy transmission and support de-dollarization. Priorities include promoting an active KHR interbank market, developing a liquidity forecasting framework, further strengthening market determination of exchange rates, and improving the operational efficiency of monetary policy.
“Financial sector policies should focus on maintaining financial stability. Forbearance measures should be phased out to alleviate capital misallocation and address risks of debt overhang. The authorities should ensure proper reporting of loans subject to forbearance and foster the preservation of banks’ liquidity and capital buffers. Provision of credit by real estate developers to homebuyers should be monitored closely and subject to stringent prudential requirements to avoid regulatory arbitrage. Intensified supervision efforts are warranted in the current environment. In the medium term, a comprehensive macroprudential policy strategy should be implemented, and a crisis resolution framework and deposit insurance scheme established.
“Structural reforms are needed to diversify growth drivers and improve productivity. Enhancing skills and education is essential to reap the demographic dividend, foster technology adoption, and facilitate the transition to climate-resilient, higher-productivity industries. The government’s efforts to promote quality investment in higher-value-added activities and capture more of the value chain in agriculture are commendable. Further efforts to improve financial inclusion, advance digitalization, and enhance climate change resilience will also be needed for inclusive and sustainable development.
“Continued efforts to strengthen institutions and governance, and to improve quality and transparency of public service deliveries would bolster long-term sustainable growth. Priorities include approval of the law on Whistleblower Protection, the draft law on Transparency, and the draft law on Access to Information. The National Audit Authority’s independence and resources should be strengthened along with improvements in the asset declaration regime and inter-agency cooperation. Addressing data limitations and improving macroeconomic data quality would benefit monitoring of the economy and policymaking. The IMF will continue to provide technical assistance to help improve statistics, and in other areas of capacity development.
“The IMF team held discussions with senior officials of the Royal Government of Cambodia, the National Bank of Cambodia, and other public agencies, as well as a wide range of stakeholders, including representatives of the business and banking sectors, and development partners. The team wishes to express its deep appreciation to the authorities and other interlocutors for open and constructive discussions.”
PRESS OFFICER: Randa Elnagar
Phone: +1 202 623-7100Email: MEDIA@IMF.org
Source: Asia Infrastructure Investment Bank
The Asian Infrastructure Investment Bank (AIIB) further solidified its long-standing partnership with the Republic of Uzbekistan through a series of agreements signed in Samarkand, Uzbekistan, at the Bank’s 9th Annual Meeting, its first in Central Asia.
The agreements follow the signing of a three-year rolling pipeline for sovereign-backed financed projects by Uzbekistan President Shavkat Mirziyoyev and AIIB President Jin Liqun in Beijing. This strategic partnership established a solid foundation for the current agreements, aimed at supporting Uzbekistan’s sustainable development goals.
At the Annual Meeting, the Bank and the Swiss State Secretariat for Economic Affairs (SECO) signed an agreement for a USD8.8 million contribution to support the Karakalpakstan and Khorezm Water Supply and Sanitation Project. This critical initiative aims to improve water resource management, sanitation services and flood risk management in some of Uzbekistan’s most water-stressed regions. The project aligns with AIIB’s green infrastructure and technology-enabled Infrastructure thematic priorities and is a key step in advancing Uzbekistan’s long-term goals for climate resilience and water security.
Following this, AIIB signed a pivotal loan agreement with Asakabank, marking AIIB’s inaugural partnership with the financial institution. The RMB-denominated loan will expand Asakabank’s portfolio in renewable energy and energy efficiency and provide much-needed financial support for green investments. This agreement is a critical part of Uzbekistan’s energy transition strategy and highlights AIIB’s role in fostering climate-resilient infrastructure development across Central Asia.
Building on this momentum, AIIB signed a mandate letter with SQB (formerly Sanoat Qurilish Bank) to promote sustainable energy projects. This partnership will provide longer-tenor funding than typically available in the market, equipping SQB to finance renewable energy projects and furthering AIIB’s contribution to Uzbekistan’s clean energy goals. The agreement strengthens the relationship that began with the signing of a letter of intent in January 2024.
Finally, AIIB signed a grant agreement to expand and modernize the country’s public education infrastructure, which marked AIIB’s first project in Uzbekistan’s education sector. This project addresses the pressing need for additional classroom capacity and focuses on building new schools, renovating existing ones and introducing modern educational tools and technology. This initiative has special emphasis on gender inclusion, digital technology and climate resilience, and will ensure that Uzbekistan’s youth are well-equipped to meet the demands of the future.
“The three-year rolling pipeline agreement between President Mirziyoyev and President Jin established a strategic framework for aligning Uzbekistan’s development goals with AIIB’s expertise and resources,” said Konstantin Limitovskiy, AIIB Vice President for Investment Clients Region 2 and Project and Corporate Finance, Global. “The agreements signed during the Annual Meeting further underscore AIIB’s commitment to advancing impactful, long-term projects that foster prosperity, resilience and sustainable growth in Uzbekistan.”
“The Asian Infrastructure Investment Bank has been a long-standing partner of Uzbekistan, supporting our country in its pursuit of sustainable infrastructure and investment development, improving living conditions for people, and achieving the goals of the Strategy 2030,” said Laziz Kudratov, Uzbekistan’s Minister of Investment, Industry, and Trade and Governor for Uzbekistan at the AIIB. “The signing of the grant agreement for the project on the modernization and expansion of school infrastructure is another significant step on this path, supported by AIIB and our other partners.”
AIIB’s continued investments in green infrastructure, renewable energy, education and water management demonstrate the Bank’s commitment to supporting Uzbekistan’s Sustainable Development Strategy: Vision 2030, which aims to alleviate poverty, promote inclusive growth and enhance resilience to global challenges. As AIIB and Uzbekistan continue to deepen their cooperation, these projects will serve as key drivers of the nation’s green transformation, promoting economic resilience and improving the quality of life for its citizens.
About AIIB
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.
Source: Hong Kong Information Services
The value of residential mortgage loans approved in July was $ 21.8 billion, a 12.2 % drop compared with July, the Monetary Authority announced today.
Mortgage loans financing primary market transactions dropped 11.7% to $7.6 billion, while those financing secondary market transactions decreased 13.7% to $11.8 billion.
Loans for refinancing surged 5.6% to HK$2.5 billion.
Mortgage loans drawn down during August amounted to $15.9 billion, a 2.9% reduction from July.
The number of mortgage applications in August dipped 12.2% month-on-month to 5,919.
The outstanding value of mortgage loans increased month-on-month by 0.1% to $1.8703 trillion at the end of August.
Source: Government of India
Issues notices to the Chief Secretary and the Director General of Police, Government of Madhya Pradesh, calling for a detailed report within two weeks
Posted On: 30 SEP 2024 2:49PM by PIB Delhi
The National Human Rights Commission (NHRC), India has taken suo motu cognizance of a media report that two students, belonging to a Scheduled Tribe, got electrocuted to death while cleaning a water tank on the instructions of the Superintendent of a government-run hostel in Dhar district of Madhya Pradesh on 25th September 2024. According to the media report, carried on 26th September, 2024, the students came into contact with a live wire connected to a water pump inside the tank while cleaning it. They were spotted lying in the tank by the villagers, who reportedly informed the hostel authorities.
The Commission has observed that the contents of the news report, if true, raise a serious concern about human rights violations of the victim students. Going by the media reports, it appears that the hostel authorities have acted in an insensitive manner by asking the young boys to execute such a hazardous task resulting in their deaths.
Accordingly, the Commission has issued a notice to the Chief Secretary and the Director General of Police, Government of Madhya Pradesh, calling for a detailed report within two weeks. It is also expected to include the status of the police investigation and compensation, if any, paid to the aggrieved families of both victims.
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NSK/ VCK
(Release ID: 2060250) Visitor Counter : 138
Source: Asia Pacific Region 2 – Singapore
Singapore, 30 September 2024 — Singapore and Ghana have set out the processes for authorising carbon credit projects under their Implementation Agreement on carbon credits cooperation, in accordance with Article 6 of the Paris Agreement. Applications may be submitted through Singapore’s Carbon Markets Cooperation website, at http://www.carbonmarkets-cooperation.gov.sg.
2 The carbon credit projects authorised under the Implementation Agreement will channel financing towards emissions reduction or removal projects in Ghana. These projects can promote sustainable development and generate benefits for local communities, including job creation, clean water access, improvements to energy security, and reducing environmental pollution (See Annex A for potential project types).
3 Authorised projects can generate carbon credits aligned with Article 6 of the Paris Agreement. Under Singapore’s International Carbon Credit (ICC) Framework, these credits may be eligible for use by Singapore-based carbon tax-liable companies to offset up to 5% of their taxable emissions.
4 From 30 September 2024, interested parties may submit applications for their carbon credit projects in Ghana to be authorised. Applications submitted will be reviewed by Singapore and Ghana governments on a rolling basis as they are received.
Application and Authorisation Process
5 The application and authorisation process comprises four stages, each corresponding to a different stage of implementation for the carbon credit project (See Annex B). The first three stages require applicants to submit details on the design and implementation plan for the carbon credit project in the lead-up to project authorisation. The final stage is for corresponding adjustments to be applied to the carbon credits generated from the authorised project, in accordance with Article 6 of the Paris Agreement.
6 Singapore and Ghana will assess applications against each country’s respective requirements. For Singapore, these projects must meet Singapore’s Eligibility Criteria for International Carbon Credits. The Eligibility Criteria, and the list of eligible carbon crediting programmes and methodologies under the Singapore-Ghana Implementation Agreement, are at Annex C, and on the Carbon Markets Cooperation website. The list will be reviewed regularly to maintain relevance and uphold environmental integrity.
Annex A
Potential Carbon Credit Project Types for Applications
| Project Type | Description |
|---|---|
| Clean Water Supply | Rural communities are provided with water purification technologies (e.g. UV-based disinfection systems). This empowers communities with an alternate source of clean and safe drinking water without relying on the conventional method of using firewood to boil water. This reduces carbon emissions from burning firewood and associated deforestation activities, and carbon credits are issued based on the emissions reduced. Local communities can also benefit from improved water safety and security. |
| Efficient and Clean Cookstoves | In rural areas where households use firewood for their cooking and heating needs, the switch to efficient and clean cookstoves (e.g. cookstoves that use renewable fuel like biogas or solar energy) enables households to meet their cooking and heating needs more efficiently and cleanly. This reduces the burning of firewood and resulting carbon emissions from deforestation. Carbon credits are issued based on the emissions reduced. Co-benefits are also delivered to local communities, including cleaner air quality through the reduction of firewood burning. |
| Green Mobility | As Electric Vehicles (EVs) replace fossil fuel-powered vehicles for transportation needs, there are emissions reductions as EVs are more efficient and potentially powered by green energy. Carbon credits are issued based on the emissions reduced. There are also sustainable development benefits for local communities. Skilled jobs are created for the maintenance of EV infrastructure, and improves air quality from reduced reliance on fossil fuel-powered vehicles. |
Annex B
Flowchart of Application and Authorisation Process
| Joint Committee | The Joint Committee is a coordination body that oversees the administration of the Implementation Agreement. The Joint Committee under the Singapore-Ghana Implementation Agreement is co-chaired by the Director-General of Climate Change at the National Climate Change Secretariat of Singapore, and the Director of Environment, Ministry of Environment, Science, Technology and Innovation of Ghana. |
| Stage A: Project Application | Applicants are to submit a concept note on the intended project, indicating the programme and methodology that the project will be developed under, and broadly how the project will be implemented to uphold environmental integrity (e.g. explanations on how the project will demonstrate additionality). |
| Stage B: Project Design | As the project concept is further developed, applicants are to submit a project design document (PDD) on the intended project. The PDD should contain the detailed implementation plan (e.g. how the baseline emissions will be determined, how the project will address permanence and leakage concerns). |
| Stage C: Project Authorisation | Under this stage, applicants are to submit a validation report from a third-party auditor determining that the project design meets all the rules and requirements of the intended methodology and carbon crediting programme. After receiving Letters of Authorisation from both Singapore and Ghana, the project should proceed to be registered under the intended carbon crediting programme, and proceed to implementation. |
| Stage D: Corresponding Adjustment Application | As the authorised project is implemented and the emission reductions and removals have been verified by a third-party auditor, the carbon crediting programme will issue carbon credits to the project. Applicants are to submit a Proof of Issuance from the carbon crediting programme accompanied with the verification report from the third-party auditor, to be considered for corresponding adjustments to be applied to the issued carbon credits, in accordance with Article 6 of the Paris Agreement. |
Annex C
Singapore’s Eligibility Criteria and the Eligibility List under the Singapore-Ghana Implementation Agreement
Eligibility Criteria
1 The Eligibility Criteria requires ICCs to represent emissions reductions or removals that occur within the timeframe specified under Article 6 of the Paris Agreement, and meet seven principles to demonstrate environmental integrity (see Table C-1 below).
Table C-1: Eligibility Criteria for ICCs
| Principle | Definition |
|---|---|
| To comply with Article 6 of the Paris Agreement, the certified emissions reductions or removals must have occurred between 1 January 2021 and 31 December 2030. | |
| Not double-counted | The certified emissions reductions or removals must not be counted more than once in contravention of the Paris Agreement. |
| Additional | The certified emissions reductions or removals must exceed any emissions reduction or removals required by any law or regulatory requirement of the host country, and that would otherwise have occurred in a conservative, business-as-usual scenario. |
| Real | The certified emissions reductions or removals must have been quantified based on a realistic, defensible, and conservative estimate of the amount of emissions that would have occurred in a business-as-usual scenario, assuming the project or programme that generated the certified emission reductions or removals had not been carried out. |
| Quantified and verified | The certified emissions reductions or removals must have been calculated in a manner that is conservative and transparent, and must have been measured and verified by an accredited and independent third-party verification entity before the ICC was issued. |
| Permanent | The certified emissions reductions or removals must not be reversible, or if there is a risk that the certified emissions reductions or removals may be reversible, there must be measures in place to monitor, mitigate and compensate any material reversal of the certified emissions reductions or removals. |
| No net harm | The project or programme that generated the certified emissions reductions or removals must not violate any applicable laws, regulatory requirements, or international obligations of the host country. |
| No leakage | The project or programme that generated the certified emissions reductions or removals must not result in a material increase in emissions elsewhere, or if there is a risk of a material increase in emissions elsewhere, there must be measures in place to monitor, mitigate and compensate any such material increase in emissions. |
Eligibility List under the Singapore-Ghana Implementation Agreement
2 The Eligibility List of carbon crediting programmes and methodologies in Table C-2 adhere to the Eligibility Criteria and meet the requirements of both Singapore and Ghana. The carbon crediting programmes and methodologies that are eligible may be different for each host country, as host countries also have their own criteria.
Table C-2: Eligibility List under the Singapore-Ghana Implementation Agreement
| Carbon Crediting Programmes | Methodologies |
|---|---|
| Gold Standard for the Global Goals (GS4GG) | All active methodologies published before 31 March 2023, except those under the “Land Use and Forestry & Agriculture” category of GS4GG |
| Verified Carbon Standard (VCS) | All active methodologies published before 31 March 2023, except those that are under the “Sectoral Scope 14” category of VCS, with these allowable exceptions: · Scenario 2a and 3 of VCS Jurisdictional and Nested REDD+ (JNR) framework · VM0012 · VM0017 · VM0021 · VM0022 · VM0024 · VM0026 (and VMD0040) · VM0032 · VM0033 · VM0036 · VM0041 · VM0042 Where any VCS methodology is used, the project participant will be required to demonstrate the Sustainable Development contributions or co-benefits of the relevant mitigation activity by submitting to the Joint Committee its verification report under the Climate, Community and Biodiversity Standards (CCB Standards), the Sustainable Development Verified Impact Standard (SD VISta) or another standard recognised by VCS for such purpose. |
Annex D
Information on the Singapore-Ghana Implementation Agreement
1 Singapore and Ghana signed an Implementation Agreement on carbon credits cooperation under Article 6 of the Paris Agreement on 27 May 2024. Since the signing, Singapore has been working with Ghana to operationalise the Implementation Agreement.
2 As an additional contribution to mitigation of global emissions, Singapore has committed to having 2% of the correspondingly adjusted carbon credits authorised under this Implementation Agreement cancelled at first issuance. These carbon credits cannot be sold, traded, or counted towards any country’s emission targets, and will instead contribute towards a net reduction in global emissions.
3 Singapore has committed to channelling the value from 5% of the correspondingly adjusted carbon credits authorised under this Implementation Agreement towards adaptation measures such as heat resilience measures and coastal protection in Ghana.
4 This is the second Implementation Agreement for Singapore, after the first with Papua New Guinea which was signed in December 2023. Singapore signed MOUs / Letters of Intent on carbon credits collaboration with countries such as Bhutan, Cambodia, Chile, Colombia, Dominican Republic, Fiji, Indonesia, Kenya, Laos, Mongolia, Morocco, Peru, the Philippines, Vietnam, Rwanda, Senegal, and Sri Lanka, with the aim of inking similar Implementation Agreements.
5 Effective international cooperation, such as through carbon markets, is an important part of Singapore’s efforts to achieve net zero emissions by 2050, given Singapore’s national circumstances as an alternative-energy disadvantaged country with limited domestic mitigation potential.
Source: Government of India
More than 12 Crore sensitization activities at 13.95 Lakhs AWCs conducted during the Poshan Maah on different nutrition-related themes
Exclusive campaigns on environment sustainability through Ek Ped Maa Ke Naam held throughout the Poshan Maah
Posted On: 30 SEP 2024 3:32PM by PIB Delhi
The closing ceremony of 7thRashtriya Poshan Maah 2024 was held today at Ranchi, Jharkhand in the august presence of Shri Santosh Kumar Gangwar, Governor, Jharkhand; Smt. Annpurna Devi, Union Minister for Women and Child Development; and other senior officers from the Ministry of Women and Child Development, Government of India and State Govt of Jharkhand.
A film on Poshan Maah demonstrating various mass sensitization initiatives that took place across the country during the month-long celebrations was shown to the audience. This was followed by the Annaprashan Ceremony of Children and God Bharai of Pregnant women.
This was followed by an inspiring short film “Aao Toden: Kuposhan Chakra” highlighting Jharkhand’s lifecycle approach towards improving the status of nutrition among children, adolescent girls and pregnant and lactating mothers. The key highlight of the event was the virtual inauguration of more than 11 thousand Saksham Anganwadi across 20 States of the country today. A short film showcasing the concept of how Saksham Anganwadis can lead to improved nutrition and Early Childhood Care and Education delivery (ECCE) was also showcased.
Thereafter, there was an online interaction between the Shri Santosh Kumar Gangwar, Governor, Jharkhand, Smt. Annpurna Devi, Union Minister, Women and Child Development, Government of India and Anganwadi Workers of Saksham Anganwadi Centre from Jamui district in Bihar and Rajnandgaon district in Chhattisgarh.
Smt. Annpurna Devi, Union Minister, Women and Child Development in her special Address said, “I am overwhelmed with the wide participation and enthusiasm that all the stakeholders have shown during Poshan Maah. A total of 12.86 Crores sensitization activities at 13.95 Lakhs AWCs were conducted during the Poshan Maah on different nutrition-related themes. In addition to this nutrition-centric Jan Andolan which has played a vital role in sensitizing the entire country, exclusive campaigns on environment sustainability through Ek Ped Maa Ke Naam were held. A total of 86 Lakhs activities related to Ek Ped Maa Ke Naam were conducted during the Poshan Maah”. She also said “Some of the States have organized unique activities during the Maah for sensitization of the beneficiaries and community. In Assam, Adolescent Girls with better Hemoglobin levels were recognized as ‘Hemoglobin Queens‘. This has not only inspired and sensitized the adolescents, but the community at large”. Concluding her special address, she said, “I can foresee the multifarious developments with enhanced velocity through Saksham Anganwadis, which will encourage communities to participate, engage, and own the initiatives of Poshan 2.0 with a mission to make India a Suposhit Rashtra”.
Shri Santosh Gangwar, Governor, Jharkhand, in his Keynote Address drew the attention of the audience to the importance of convergence and partnerships among all the departments and other stakeholders to build a holistic ecosystem towards malnutrition-free India. Further, stressing the importance of the role of Anganwadi Workers, he mentioned: “I am glad that with the help of these frontline workers, Saksham Anganwadi and concepts like Poshan Bhi Padhai Bhi, we are moving towards a strong and self-reliant country”. He further mentioned that we should all promote green vegetables, whole grains and millet in our daily meals.
An exhibition with a variety of stalls focusing on different themes like Poshan Bhi Padhai Bhi, ECCE, Palna Grih, Take Home Ration/ Food & Nutrition, Health Camp & Anemia Testing, Child Protection, Self Help Groups, Social Security Schemes and CMAM Protocol was organised at the venue. The third edition of Poshan Dhara Magazine, focusing on key strategies for transforming Jharkhand into a malnutrition-free State was also launched during the event.
During the month-long celebrations in Poshan Maah, more than 12.86 crore sensitization activities around nutrition have been conducted across all 36 States/ UTs. In terms of different themes, dedicated 2.4 crore activities and 2 crore activities have been conducted on anaemia and growth monitoring respectively.
Poshan Maah 2024 celebrates the collective efforts of various stakeholders towards a healthier and nourished India. It not only recognizes the dedication of all participating states but also underscores the vital role of strengthening the grassroots movements through continued Jan Andolans while ensuring better exposure for stakeholders through Saksham Anganwadi Centres.
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SS/MS
(Release ID: 2060268) Visitor Counter : 15
Source: Government of India
Posted On: 30 SEP 2024 3:23PM by PIB Delhi
The 8th edition of India-Kazakhstan Joint Military Exercise KAZIND-2024 commenced today, at Surya Foreign Training Node, Auli, Uttarakhand. The exercise is scheduled to be conducted from 30th September to 13th October 2024. Joint Exercise KAZIND-2024 has been held annually since 2016. Last edition of the Joint Exercise was held at Otar, Kazakhstan from 30th October to 11th November 2023.
The Indian Armed Forces, comprising 120 personnel, are being represented by a battalion of the KUMAON Regiment of Indian Army, along with other arms and services, as well as personnel from Indian Air Force. The Kazakhstan contingent will be represented mainly by personnel from Land Forces and Air Borne Assault Troopers.
Aim of the Joint Exercise is to enhance joint military capability of both sides to undertake counter terrorism operations in a sub conventional scenario under Chapter VII of the United Nations Charter. The Joint Exercise will focus on operations in the semi-urban and mountainous terrain. Objectives to be achieved from the Joint Exercise are high degree of physical fitness, rehearsing and refining drills for operations at tactical level and sharing of best practices.
Tactical drills to be rehearsed during the Joint Exercise include joint response to a terrorist action, establishment of a Joint Command Post, establishment of an Intelligence and Surveillance Centre, securing of helipad / landing site, combat free fall, Special Heliborne Operations, Cordon and Search operations, besides employment of drones and counter drone systems among others.
Joint Exercise KAZIND-2024 will enable both sides to share best practices in tactics, techniques and procedures of conducting joint operations. It will facilitate developing inter-operability, bonhomie and camaraderie between the two armies. The Joint Exercise will also enhance defence cooperation, further augmenting bilateral relations between the two friendly nations.
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Source: US Federal Emergency Management Agency 2
strong>ATLANTA, Ga.- North Carolina homeowners and renters in 25 counties and the Eastern Band of Cherokee Indians who had uninsured damage or losses caused by Tropical Storm Helene may be eligible for FEMA disaster assistance.
FEMA may be able to help with serious needs, displacement, temporary lodging, basic home repair costs, personal property loss or other disaster-caused needs. Homeowners and renters in Alexander, Alleghany, Ashe, Avery, Buncombe, Burke, Caldwell, Catawba, Clay, Cleveland, Gaston, Haywood, Henderson, Jackson, Lincoln, Macon, Madison, McDowell, Mitchell, Polk, Rutherford, Transylvania, Watauga, Wilkes and Yancey counties and the Eastern Band of Cherokee Indians can apply.
There are several ways to apply: Go online to DisasterAssistance.gov, use the FEMA App or call 800-621-3362 from 7 a.m. to 11 p.m. ET daily. The telephone line is open every day and help is available in most languages. If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA your number for that service.
To view an accessible video on how to apply, visit Three Ways to Apply for FEMA Disaster Assistance – YouTube.
FEMA’s disaster assistance offers new benefits that provide flexible funding directly to survivors. In addition, a simplified process and expanded eligibility allows North Carolinians access to a wider range of assistance and funds for serious needs.
If you have homeowners, renters or flood insurance, you should file a claim as soon as possible. FEMA cannot duplicate benefits for losses covered by insurance. If your policy does not cover all your disaster expenses, you may be eligible for federal assistance.
For the latest information about North Carolina’s recovery, visit fema.gov/disaster/4827. Follow FEMA on X at x.com/femaregion4 or on Facebook at facebook.com/fema.
Source: The Conversation – UK – By Jen Harvie, Professor of Contemporary Theatre and Performance, Queen Mary University of London
It is a testament to the power of the late British actress Dame Maggie Smith that other eminent actors – though only male ones, as far as I can see – accused her of upstaging them.
Richard Burton complained that in Anthony Asquith’s 1963 film The VIPs, she didn’t merely steal a big scene with him, “she committed grand larceny”. After making the 1978 Neil Simon film California Suite with her (for which Smith won her second Academy Award), Michael Caine is reported to have phoned Michael Palin, who was to be her co-star in the 1982 film The Missionary. “Watch her,” Caine reportedly warned. “She’ll have that scene from under your feet.”
More recent audiences will recognise Smith’s arresting power in her portrayal of Violet Crawley, Dowager Countess of Grantham, in the long-running television series Downton Abbey and its two films. For film critic Peter Bradshaw, even “in the smallest of roles she set her own terms and every other actor was her satellite”.
A prominent part of what gave Smith her power was her caustic humour, an acerbic put-down, and that withering look – from huge eyes set over pursed lips. New York Times critic Frank Rich praised her ability to “italicise a line as prosaic as ‘Have you no marmalade?’ until it sounds like a freshly minted epigram by Coward or Wilde.”
But there was so much more to Maggie Smith than this. Her range was huge, and her power was built on craft.
The social satire and commentary of her performances could be conveyed through anything from minxy humour to world-weariness, but always intelligence. In a review of her portrayal of Ibsen’s Hedda Gabler in a 1970 National Theatre production directed by Ingmar Bergman, the Evening Standard’s Milton Shulman described her as “haunt[ing] the stage like some giant portrait by Modigliani, her alabaster skin stretched tight with hidden anguish”.
So, if you only know her work through recent blockbusters like Downton and the Harry Potter film franchise, in which she played Professor Minerva McGonagall, take a look at her vast and wonderful back catalogue. It’s a sustained masterclass in acting, as well as some of the very best explorations of the lived experiences of British middle-class women in the mid-to late-20th century. Two good places to start are the 1969 film The Prime of Miss Jean Brodie and the 1988 Alan Bennett television play A Bed Among the Lentils.
In The Prime of Miss Jean Brodie – adapted by Jay Presson Allen from Muriel Spark’s 1961 novel– Smith played the eponymous heroine and won her first Academy Award, for best actress. Miss Brodie is a vivacious, romantic teacher at a repressive girls’ school in Edinburgh, Scotland. Confident that she knows what’s best for “her girls”, she fails to recognise how her approach to teaching is as controlling and potentially more damaging than that of the conservative head mistress.
Smith sails through the film, moving from haughty grandeur through charming coquettishness to anguished despair. With just a hint of delicious melodrama, the film captures Miss Brodie’s hubris, but also the strict social limits of the times on girls’ and women’s freedoms and dreams.
A Bed Among the Lentils is one of playwright Alan Bennett’s Talking Heads series of television monologues, written mostly for women. Smith plays Susan, the secretly alcoholic wife of an aspirational vicar. She is clearly under-stimulated by a life spent hosting visiting clerics at lunch and competing with other local women at flower-arranging for the altar. Her life shifts when she meets a kind, young and attractive Asian shopkeeper. He helps her to gain a different perspective on what gods can stand for and discovers what she wants and desires from life.
Smith’s performance under Bennett’s direction is sometimes achingly slow, though it poignantly captures the emptiness of Susan’s life. (Smith reports in the 2018 tribute film Nothing Like a Dame that Laurence Olivier once criticised her for line delivery so slow she “bored him off the stage”. When it came to their next performance, she says, “I went so fast he didn’t know if it was Wednesday or Christmas.”)
Again and again across an extraordinary career, Smith gave us painfully accurate portraits of British women, from steely and haughty to fragile and vulnerable – often simultaneously. She captured women’s fatigue with the social constraints imposed upon them and showed stunning glimpses of a world beyond those limitations, full of other potentials and possibilities.
Jen Harvie does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
– ref. Maggie Smith was a formidable actor with a biting wit and a fearsome ability to deliver lines – https://theconversation.com/maggie-smith-was-a-formidable-actor-with-a-biting-wit-and-a-fearsome-ability-to-deliver-lines-240135
Source: Hong Kong Information Services
Secretary for Environment & Ecology Tse Chin-wan today visited the waterfront areas of To Kwa Wan, Sham Shui Po and Wan Chai to learn about the progress for improving the quality and odour of Victoria Harbour’s coastal waters.
While inspecting the Cheung Sha Wan waterfront, Mr Tse was briefed by Environmental Protection Department officers on the conditions of sewer misconnections and the progress of rectification works.
He also learnt about the collection of odour data in real time and the innovative technologies and equipment in identifying pollution sources, which are done through the odour-monitoring device installed at the waterfront.
The environment chief was pleased to learn that the overall pollution load in the priority districts of Tsuen Wan, Sham Shui Po and Kowloon City had been reduced by about 80%, exceeding the target set in the 2022 Policy Address of reducing the pollution load at identified outfalls emanating stench in specific districts by half before end-2024.
Mr Tse then inspected the bioremediation works carried out by the Civil Engineering & Development Department at To Kwa Wan Typhoon Shelter, which can speed up the removal of organic pollution in the sediment and facilitate the elimination of the sediment’s odour, thereby further ameliorating coastal odour problems.
Mr Tse concluded his inspection by going to the waterfront areas of Wan Chai to learn about the various water quality improvement measures in the area, where triathlon events for the 15th National Games will be hosted in 2025.
Oct. 1, 2024 – Nairobi, Kenya—As countries conclude a Head of Delegations meeting today in Nairobi for an international legally binding agreement to end plastic pollution or the Global Plastics Treaty, civil society groups have been uniting their voices and held simultaneous actions to emphasize a call for a strong and effective global plastics treaty and show solidarity with high ambition countries, such as those in the African Group, Group of Latin America and the Caribbean (GRULAC), Pacific Small Island Developing States (PSIDS), and the Philippines that have been advocating for strong treaty measures.
The final scheduled plastics treaty negotiations will take place in Busan, Republic of Korea later this year. Since the process started in 2022, civil society groups, alongside Indigenous Peoples representatives and independent scientists have been calling on governments to ensure that the treaty includes legally binding measures that cover the whole life cycle of plastics, including rules and targets on the production and supply of primary plastic polymers to drastically cut plastic production with aims to phase out plastic production.
“Over 400 million tonnes of plastics are produced every year, suffocating our planet and every living thing on it. Now is not the time to sacrifice ambition and submit to the lowest common denominator: a minority of countries blocking progress for their own short-term gain,” said Ana Rocha, Global Plastics Policy Director of the Global Alliance for Incinerator Alternatives (GAIA). “Indigenous Peoples, waste pickers, and Global South governments on the frontlines of the plastics crisis have long been at the forefront of the solutions, yet their critical voices have been sidelined. The world needs ambition to be aligned with strong means of implementation including a financial mechanism that will provide the necessary financing for action. The intergovernmental negotiating committee must listen to the millions of people around the world demanding a strong treaty to end plastic pollution.”
The groups also call for the elimination of chemicals that are hazardous to human health and the environment throughout the lifecycle of plastics, as plastics expose people to more than 16,000 chemicals and 4,200 of them are classified as hazardous to people and the environment.
“A treaty that does not prioritize production reduction of primary plastic polymers (PPP) and eliminate chemicals of concern will only serve to perpetuate plastic pollution and the poisoning of Indigenous and environmental justice communities around the world who have been sacrificed by industry and enabling governments for generations,” said Frankie Orona, Executive Director of Society of Native Nations. “We welcome the common goal of the High Ambition Coalition (HAC) to end plastic pollution by 2040, while reaffirming that no amount of production of PPP is sustainable. The HAC should explicitly support, at minimum, a reduction target of 75% by 2030 if not sooner.”
Additional demands include the support for reuse systems, a strong, dedicated financial mechanism to facilitate the flow of financial resources from the developed to the developing world, and measures for a just transition to safer and more sustainable livelihoods for workers across the plastic supply chain.
“As we reduce plastic production, it is essential we ensure a just transition to reuse and refill systems, which present numerous benefits for people and the environment,” said Marian Ledesma, Zero Waste Campaigner at Greenpeace Southeast Asia – Philippines. “In addition to reducing plastic waste, reuse and refill solutions can decrease greenhouse gas emissions, water consumption and material resource usage. These systems also bring socioeconomic gains for communities through reduced costs and risks arising from plastic pollution. As integral solutions in ending plastic pollution, we need ambitious reuse and refill targets to be reflected in the treaty alongside reduction targets for plastic production and use.”
“As we come towards the final round of negotiations, we must not sacrifice ambition for speed. Ambition means both legally binding control measures and finance to help solve the problem,” said Jacob Kean-Hammerson, Ocean Campaigner with the Environmental Investigation Agency (EIA). “Ending plastics pollution is a generational effort we must undertake as a global community. Global North countries should join calls in the Global South for a new dedicated fund and ensure adequate funding to ensure we have a treaty that truly works.”
Since the beginning of the INC process, civil society organizations, as well as many governments, have been calling for an open and transparent process that facilitates the widest possible public participation. Instead, observers have been met with limitations that have ranged from caps on attendance, restricted access to negotiations and relevant meetings, and curtailed opportunities to make formal statements. With possibly one last round of negotiations remaining, civil society groups renew their calls for greater transparency and participation in the process to ensure that the demands for a strong and effective plastics treaty are heard.
“By not including pathways for robust observer participation, meeting organizers are contradicting established international norms and are ignoring and disrespecting the experience, knowledge, expertise, and distinct perspectives of Indigenous Peoples and other frontline and fenceline communities disproportionately impacted by plastic pollution across its life cycle,” said Merrisa Naidoo of GAIA Africa.
Having a global plastics treaty is a rare opportunity to systematically end plastic pollution through a legally binding international agreement that covers the complexities of the plastic pollution crisis beyond waste management. As UN Member states are expected to wrap up negotiations by December 1st, 2024, in Busan, Republic of Korea, civil society groups will continue to urge governments to deliver a strong treaty that would be effective in truly ending plastic pollution, not a watered-down agreement that fails to holistically address the plastic pollution crisis, for the sake of meeting deadlines.
About BFFP — #BreakFreeFromPlastic is a global movement envisioning a future free from plastic pollution. Since its launch in 2016, more than 3,400 organizations and 14,000 individual supporters worldwide have joined the movement to demand massive reductions in single-use plastics and push for lasting solutions to the plastic pollution crisis. BFFP member organizations and individuals share the values of environmental protection and social justice and work together through a holistic approach to bring about systemic change. This means tackling plastic pollution across the whole plastics value chain – from extraction to disposal – focusing on prevention rather than cure and providing effective solutions. http://www.breakfreefromplastic.org.
Third GWcycles cycling campaign sets new record / International bike community comes together to cycle over 768,800 kilometers / Corporate forest project in Nicaragua grows by 7,000 new trees
Lauterach, October 1, 2024. Gebrüder Weiss’ international community of bike enthusiasts has raised the bar with this year’s GWcycles cycling campaign: More than 600 participants came together to cycle over 768,800 kilometers – the distance it would take to the moon and back.
Between March and September, the logistics company ran its third and latest cycling campaign, aptly titled “Cycling to the moon and back,” calling on cyclists around the world to dowload the Radbonus app and cover as many kilometers as possible on two wheels.
Another benefit is that each kilometer cycled helps to protect the climate. The 2024 cycling campaign has enabled Gebrüder Weiss to plant 7,000 new trees in the corporate forest in Nicaragua. A total of 19,000 trees have been planted since the campaign was launched in 2022. Once fully grown, these trees will absorb around 285 tons of CO2 from the atmosphere per year.
For more information about “Cycling around the World”, go to: https://info.gw-world.com/gwcycles.
GW Team Lauterach
Frank Haas
Duathlon Malaysia
GW Team Czech republic
GW Team Singapore
Corporate forest Nicaragua
GWcycles Logo
About Gebrüder Weiss
Gebrüder Weiss Holding AG, based in Lauterach, Austria, is a globally operative full-service logistics provider with about 8,600 employees at 180 company-owned locations.
Source: United Kingdom – Executive Government & Departments
The delegation arrived in the country on 20 September, to build partnerships, gain deeper understanding of the cocoa market and cocoa farmers across the country.
A group photo with community members at one of the visited cocoa farming communities on Guadalcanal, Solomon Islands.
The UK government has supported 17 cocoa buyers to visit Solomon Islands to increase cocoa exports to the UK.
Supporting the cocoa trade between Solomon Islands and the UK is a win-win, driving growth and increasing incomes for Solomon Islands farmers whilst giving UK consumers access to the best quality Solomon cocoa.
The delegation arrived in the country on 20 September, to build partnerships and gain a deeper understanding of the cocoa market and cocoa farmers across the country.
Highlights from the mission included visiting Pilapaso Cocoa plantation and micro chocolate factories, Amazing Grace on Guadalcanal where they witnessed first-hand the harvesting and fermentation processes conducted by the farm owners, and two days in Malaita province where they visited cocoa farms across the northern region.
The UK cocoa buyers also worked with Solomon processors, visiting Cathliro’s café, processing and chocolate making facilities and the Kokonut Pacific Solomon Islands’ (KPSI) shop, coconut oil and cocoa processing and chocolate making facility in East Honiara.
Their mission concluded with a regional cocoa workshop held at the Heritage Park Hotel at which cocoa producers and exporters from across the Pacific attended and discussed market requirements and sourcing opportunities.
Under the UK-Pacific Economic Partnership Agreement that started in January 2021 goods from the Pacific can enter the UK market duty-free and quota-free.
Thanks to the deal, high-end UK chocolatiers are turning to Solomon Islands for their cocoa: boosting Solomon exports and incomes, whilst bringing quality products to the UK market.
Source: Bank for International Settlements
Chairpersons and Directors of the Boards of Small Finance Banks; Chief Executive Officers of SFBs; Executive Directors, Chief General Managers and colleagues from the Reserve Bank of India; ladies and gentlemen. A very good morning to all of you.
It is an honour to address this distinguished gathering in the inaugural conference of Board of Directors of Small Finance Banks organised by the RBI. As has been mentioned, this conference is in continuation of the Reserve Bank’s efforts to reach out to its supervised entities through a direct dialogue with their Boards and Top Management. Our objective is to reaffirm the importance of good governance for maintaining financial stability and fostering sustainable growth.
In his address1 to the Directors of Public and Private Sector Banks last year, the Governor outlined a comprehensive 10-point charter that addressed key aspects such as the role of the Board, its independence, the importance of setting the tone from the top, etc. His speech serves as an excellent blueprint for regulatory expectations from the Boards of Directors, and I encourage you to review it if you haven’t already.
Today, I would like to discuss three key issues with you: (i) the vital role of Small Finance Banks in promoting financial inclusion, (ii) the necessity of strengthening governance and assurance functions for sustainable growth, and (iii) important considerations regarding business models and risks that Boards should be mindful of.
As you are aware, the licensing of Small Finance Banks was introduced a decade ago, in 2014, with the primary objective of advancing financial inclusion. Beyond serving as a vehicle to mobilise savings, SFBs were also envisioned to extend affordable credit to underserved and unorganised sectors, such as small and marginal farmers as well as small business units, by leveraging technology to reduce costs and improve accessibility.
India, today, stands at a pivotal moment in her development trajectory. In the last 75 years, we have transformed ourselves from an agrarian economy into one driven by industry and services. However, translating our GDP into higher per capita Gross National Income comparable to developed economies will require a comprehensive approach towards inclusive and sustainable economic growth. This will inter-alia entail education, skill development, employment generation, and more pertinently further deepening of financial inclusion. Thus, the goal for small finance banks is not ‘small’. On the contrary, it is very significant, as SFBs play a crucial role in extending financial services to the underserved, fostering entrepreneurship, and driving inclusive growth that will be essential for India’s progress towards becoming a high-income economy.
In a developing country like India, it is imperative for the financial sector, including small finance banks to strike a balance between profitability and social objectives. This can be achieved through a strategic focus on sectors that deliver high social impact, ensuring that financial growth is aligned with the broader goal of inclusive development. It is therefore essential for SFBs to actively participate in extending credit under various Government Sponsored Schemes to promote greater accessibility of affordable credit, especially among the vulnerable sections of the society.
As the target group of such lending is mostly the marginalised and underserved sections of the society, it is essential for the SFBs to adopt responsible lending practices. It is disheartening to come across egregious practices by some SFBs, such as charging excessive interest rates, collecting instalments in advance as well as not adjusting such advance collections against loan outstanding, levying of usurious fees, etc. It is also observed that grievance redressal mechanism is far from adequate in most SFBs.
I therefore feel that periodically reviewing how your bank is fulfilling its financial inclusion objectives is an area that Boards should give much deeper consideration to. It is not just about meeting regulatory requirements such as priority sector lending but also about assessing the true impact of your efforts on underserved communities. Boards can reflect on whether the bank is genuinely reaching marginalised groups, such as low-income households, small businesses, and rural populations, and how effectively it is using technology and innovative products to bridge financial gaps, as these were the objectives of having a differentiated licensing for SFBs.
An effective governance framework is the foundation of resilient and well managed institutions, especially in the context of banks. There needs to be a clear division of responsibilities between the Board and the management to ensure smooth functioning of the bank. While the Board is responsible for setting the overall strategic direction, establishing policies, and ensuring that the bank adheres to regulatory frameworks and ethical standards, the management is responsible for the execution of the Board’s strategy and operations. It is the Board’s role to provide oversight, asking the right questions and holding the management accountable for executing the bank’s strategy within the agreed risk appetite.
In this context, it is imperative that the views of the Board are clearly articulated and documented in the minutes of the meetings of the Board and its various sub-committees. It is said that the ‘palest ink is better than the best memory’. Proper documentation serves as a vital record of the Board’s deliberations, decisions, and rationale behind those decisions, ensuring transparency and accountability in governance. Clear minutes not only provide a historical account of the Board’s discussions but also serve as a reference for future decision-making, helping to maintain continuity and clarity in governance practices.
Boards should prioritise proper succession planning for top management. Having just one Whole Time Director (WTD) can create potential vulnerabilities, especially in times of transition or unforeseen circumstances. Without a well-thought-out succession plan, the bank may face leadership gaps that could disrupt operations and affect strategic decision-making. A broader pool of experienced leaders also contributes to better governance and more resilient management structures. We observe that while the SFBs are strengthening their Boards by bringing in new directors, some SFBs are yet to ensure the presence of at least two Whole Time Directors. I would request these banks to expeditiously consider appointing more WTDs.
Boards should accord due importance to assurance functions, namely, risk management, compliance and internal audit. These functions play a critical role in identifying and mitigating risks, ensuring compliance with laws and regulations as well as safeguarding the organisation’s integrity.
Boards should ensure that heads of assurance functions are positioned appropriately within the organisational hierarchy and granted direct access to the Board. Dual-hatting, or combining assurance responsibilities with operational or management duties, undermines the independence and objectivity of assurance functions by creating conflicts of interest. Therefore, any dual hatting of assurance functions, should be avoided.
Small Finance Banks have demonstrated strong growth since their inception, now accounting for 1.18 percent of total banking assets (as of March 2024). This is a substantial rise from 0.44 percent in March 2018. The deposit base has grown at a 32 per cent compounded annual growth rate (CAGR) over the last five years whereas net advances recorded a CAGR of 26 per cent. While the business growth in Small Finance Banks is indeed impressive, it is imperative that Boards remain vigilant for hidden and emerging risks that could jeopardise their long-term success.
In this context, I would like to highlight a few areas that Boards could keep in mind.
Firstly, I would urge Boards to consider the sustainability of their growth strategies and business models by conducting a thorough review of both the liability and asset sides of the balance sheet. Specifically, they should assess whether there is an overdependence on high-cost term deposits or bulk deposits from a limited number of institutions. Additionally, they should evaluate any substantial asset exposures that could adversely impact the bank if they were to sour. These are essential aspects that the Board and its Risk Management Committee must scrutinise to ensure long-term stability and resilience.
Secondly, I would like to emphasise proper credit risk underwriting. While many banks have expanded into unsecured retail lending, hoping to leverage the diversification benefits it offers, there is an underlying correlation risk that becomes more pronounced during economic downturns. In such scenarios, the credit profile of a large segment of borrowers can be significantly impacted, leading to higher default rates. This highlights the importance of rigorous underwriting processes that carefully assess the creditworthiness of borrowers, rather than relying solely on automated systems or algorithms. Effective underwriting should consider a comprehensive range of factors, including income stability, credit history, and the overall economic environment, to ensure that loans are made judiciously.
Further, while digital lending solutions have streamlined the process and made access to credit easier, on-the-ground presence for collections remains crucial. Resorting to coercive recovery practices as a means of mitigating risk is not a sustainable solution. Such practices not only harm the bank’s reputation but can also lead to legal and regulatory repercussions. A better approach is to implement collection strategies that prioritise communication and collaboration with borrowers. This includes strictly adhering to fair practices code and adopting an empathetic approach while dealing with stressed loan book.
Thirdly, I would like to address the issue of cyber security and IT vulnerabilities. Being relatively new entities, SFBs have used technology to enhance their product offerings and customer service. However, with their increasing digital footprint, these banks face significant operational risks from growing cyber threats, digital frauds, and possible data breaches.
The cyber security landscape is evolving rapidly, and SFBs must stay ahead of emerging threats to protect their customers’ data and maintain operational resilience. The SFBs should adopt robust business continuity plans and effective IT outsourcing strategies. There is also a need to ensure rigorous change management processes, comprehensive data protection measures, vigilant transaction monitoring, stringent access controls and network security protocols. These measures will help SFBs to significantly enhance their IT resilience against possible disruptions.
Fourthly, while I have covered cybersecurity threats, I would also like boards of SFBs to be mindful of the larger issue of operational risks. During periods of rapid growth, the focus on increasing market share, launching new products, and acquiring customers can lead to a neglect of essential risk management practices. For example, hastily onboarding new customers without thorough KYC due diligence or rushing the deployment of technology solutions without adequate testing can increase the likelihood of frauds, errors and service disruptions. Growth is important for the success of Small Finance Banks. However, it must not come by overlooking operational controls.
Another significant area of concern for operational risk is the high attrition rate among staff in Small Finance Banks. While the branch network and employee headcounts are expanding, the sector faces a very high attrition rate of nearly 40 per cent, particularly among frontline staff and junior management. Such elevated turnover, though mostly at the entry and junior management levels, poses substantial operational risks, as it can lead to a loss of institutional knowledge, disruption in service delivery, and increased training costs for new hires. To mitigate these risks, Board-level efforts are essential to focus on employee retention strategies at all levels. Further, the absence of succession planning for critical managerial positions is a common issue across SFBs, which requires immediate attention from Boards to ensure a smooth transition of leadership and maintain operational effectiveness.
In conclusion, SFBs with their outreach to rural and semi-urban areas, are intended to be one of the key enablers in credit offerings to individuals, weaker sections, entrepreneurs, SHGs/JLGs and MSMEs. They have a large role to play in achieving our aspirational goal of becoming a developed nation by 2047.
As RBI celebrates 90 years of its foundation this year, we have set deepening financial inclusion as one of our cherished objectives for RBI@100. RBI, with its continued commitment towards a financially inclusive India, has taken several measures to support these segments ranging from Priority Sector Lending targets to the introduction of TReDS for MSMEs. A new chapter in this book is the Unified Lending Interface (ULI) platform which aims at “enabling frictionless credit” with the ‘new trinity’ of JAM-UPI-ULI, further propelling India’s growth story.
SFBs should strive to harness this opportunity and other such opportunities offered by latest technological innovations for efficient and cost-effective service delivery. Further, with robust governance and effective board oversight, SFBs can capitalise on their strengths while meeting growth and stability objectives.
With this, I wish you all the best for the coming sessions and hope that you find these sessions professionally enriching and stimulating. Thank you!
Source: Asia Development Bank
A look at how ADB, a financial intermediary (FI) itself, appraises projects and manages them over the project cycle can help give a better understanding of how other FIs manage theirs. Multilateral development banks (MDBs) and governments follow the same logic flow when deciding whether or not to invest.
First, a proposed project should meet the minimal criteria to be eligible for consideration and assessment. ADB has a Prohibited Investment Activity List, which identifies investment activities that do not qualify for ADB financing. Other FIs might have their own list to reflect their priority areas or discouraged investment. If a proposal already fails at technical and financial screening, it will be returned for revision or rejected outright without the need to proceed to environmental–social screening.
Second, after passing the eligibility screening, a project’s technical feasibility and economic–financial viability will be evaluated in the feasibility study. This necessitates development of the project’s technical design, which is also needed to estimate the cost.
The evaluation of environmental sustainability and social acceptability of a project was added in the 1970s and has gradually become stand-alone as the Environmental Impact Assessment (EIA).
The EIA aims to (i) aid decision making (e.g. drop or proceed with a project and conditions; (ii) improve the project design to minimize negative impacts (e.g. by adding pollution treatment); and (iii) mitigate the residual impacts through action plans such as the environmental management plan.
Third, once the feasibility study and EIA show the proposed project meets technical-financial and social-environmental requirements, and related actions can be carried out, the FI (or government) can decide to approve the project and proceed with its execution.
Since these assessments are time- and resource-consuming, their intensity and level of management need to match the level of risks and impacts. Most countries and MDBs classify environmental impacts into high, medium, and low level categories that require corresponding degrees of evaluation—full EIA, simplified EIA, and no assessment—and management. Likewise on the technical aspect, not all projects require a full feasibility study.
Such impact categorization needs to take place during the proposal stage to determine the level of ensuing assessment. How can the impact level (i.e. category) of a proposal be judged? This is one of the major challenges for FIs, which has led to mis-categorization.
Source: Bank for International Settlements
Distinguished guests, members and friends of the TMA, ladies and gentlemen: good morning.
On behalf of the HKMA and the TMA, a very warm welcome to you all for joining this annual Treasury Markets Summit. The annual event has been, and will continue to be, a great gathering that promotes the sharing of thoughts, ideas and friendship among professionals from the treasury markets and experts from related disciplines.
I’d like to congratulate the TMA team on curating a highly relevant and interesting programme for this year’s Summit. Special thanks to our panellists who will generously share their insights and foresights on subjects that are so closely related to our day-to-day work such as China’s economic outlook, and subjects that will or may have profound impact on the way financial markets including the treasury markets operate – here I am referring to CBDC and DeFi. And, speaking of China’s economic outlook, these past couple of days were extraordinary. I am sure we can’t wait to hear the sharing by our experts.
And of course we also look forward to hearing what Eddie has to say about offshore RMB business, a topic that I’m sure concerns almost every one of us here today, and a topic that is hugely important to sharpening the edge of Hong Kong as an international financial centre.
But before we embark on the forward-looking journey, let me take a few minutes to highlight a number of remarkable achievements by the TMA in the past year or so.
In terms of market infrastructure, the TMA’s dedicated working group has done a wonderful job in helping market practitioners prepare for the smooth transition of LIBOR to alternative reference rates and facilitating the adoption of Hong Kong dollar overnight index average, or HONIA, as an alternative to HIBOR. No fanfare, but the silence spoke volumes about the hard work behind the scenes.
On the introduction this week of severe weather trading in our stock market, the TMA has reviewed the arrangements of the financial benchmarks it administers and undertook to continue publishing HKD and CNH FX spot rates during severe weather conditions, facilitating the implementation of the new trading arrangement.
The TMA also actively provides market perspectives and advice in support of the development of Hong Kong’s offshore RMB business hub. It provided industry feedback to the People’s Bank of China in facilitating the launch of the northbound Swap Connect. It also set up a dedicated working group and made a comprehensive proposal to the HKMA on ways to further promote our RMB business, including building a market-driven CNH yield curve and enhancing Hong Kong’s RMB liquidity pool. The specific measures proposed by the TMA are valuable reference that helps us focus our policy priorities and map out concrete steps to achieve those objectives.
These are just some of the examples demonstrating the TMA’s efforts to make our treasury markets more competitive and more supportive of our financial sector, not to mention the many ongoing initiatives in nurturing treasury markets talent, implementing international standards and best practices, as well as engaging with international and regional peers.
There’s still a lot of work ahead. Earlier this year, with the support of the banking and financial community, the TMA launched the data licensing arrangement to align with international practices on benchmark usage and surveillance. Under the arrangement, a small fee is charged on the subscription and use of certain benchmarks administered by the TMA. Hopefully the additional income will ensure the TMA is better resourced to discharge its heavy responsibilities going forward.
Before I conclude, I would like to express my heartfelt gratitude to the members of the Council, Executive Board and various Committees of the TMA, and all institutional and individual members, for your unfailing support and contribution. My thanks also go to the TMA team for their dedication and commitment. With all your support, I’m sure the TMA has what it takes to go from strength to strength.
May I wish you all a productive and fruitful summit. Thank you.
Source: Government of India
PM highlights that terrorism has no place in any form and manifestation.
PM emphasizes the crucial need for preventing regional escalation and the safe release of all hostages
PM says that India stands ready to support early restoration of peace and stability.
The two leaders discuss further strengthening of India-Israel Strategic Partnership.
PM wishes PM Netanyahu and the Jewish people around the world on Rosh Hashanah.
Posted On: 30 SEP 2024 11:45PM by PIB Delhi
Prime Minister Shri Narendra Modi received a telephone call today from the Prime Minister of Israel, H.E. Mr. Benjamin Netanyahu.
PM Netanyahu briefed PM on the recent developments in West Asia.
PM Modi mentioned that there is no place for terrorism in any form or manifestation. Prime Minister also emphasized the crucial need to work for preventing regional escalation and the safe release of all hostages.
PM conveyed that India stands ready to support an early restoration of peace and stability.
The two leaders discussed a number of bilateral issues to further strengthen India-Israel Strategic Partnership.
PM also conveyed his best wishes to PM Netanyahu and the Jewish people around the world on the occasion of Rosh Hashanah.
The two leaders agreed to remain in touch.
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MJPS/SR/SKS
(Release ID: 2060502) Visitor Counter : 36
Source: Government of India (2)
Posted On: 01 OCT 2024 11:55AM by PIB Delhi
Ministry of Women and Child Development, including all Autonomous Bodies under its administrative control, has initiated efforts and prepared action plans to implement Special Campaign 4.0 for improving Swachhata and disposal of pending references from 2nd October – 31st October, 2024, on the lines of the Special Campaigns held in the preceding 3 years.
In accordance with the guidelines issued by DARPG, Special Campaign 4.0 was to be implemented by the Ministry in two phases –
The ongoing preparatory phase from 16th to 30th Sept is being fully utilized for identification of targets such as Identification of Cleanliness Campaign sites, Planning for Space management and beautification of offices, identifying Scrap and redundant items and their disposal procedure as per GFR, pending references from MP’s, State Governments, Inter-Ministerial references (Cabinet Notes), PMO, Parliamentary Assurances pending for more than 3 months, Public Grievances and Appeals (CPGRAMS as well as grievances received from other sources), Record Management – Review of files/recording and weeding of files/closing of e-files.
Further, implementation of Special Campaign 4.0 was discussed in the Senior Officers’ Meeting held on 06.09.2024 & 23.09.2024 wherein Secretary(M/o WCD) directed the Bureau Heads to issue directions to their Divisions for identification and disposal of pending references during Special Campaign 4.0.
Efforts were taken by the Ministry for disposal of pending references in continuation of Special Campaign 3.0 for the period from December, 2023 to August, 2024.
The targets for pending references received from various Divisions/ Autonomous Bodies of the Ministry have been updated on the Special Campaign portal. The same are as under:
MP References – 56, Parliamentary Assurances – 19, State Govt. References – 13, Public Grievances – 288, Public Grievance Appeals – 92, Physical Files to be reviewed – 3464, E-Files to be reviewed – 3609, Cleanliness Campaign Sites – 33839
Cleaning activities will be undertaken in the premises of MWCD at Shastri Bhawan, Jeevan Tara Building & Jeevan Vihar Building and in it’s Autonomous Bodies viz. NIPCCD, CARA, NCW and NCPCR.
The Ministry of Women and Child Development is dedicated to advancing the goals and successes of previous campaigns.
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SS/MS
(Release ID: 2060534) Visitor Counter : 70
Source: Government of India (2)
Posted On: 01 OCT 2024 11:52AM by PIB Delhi
CSIR-National Institute of Science Communication and Policy Research (CSIR-NIScPR) celebrated the 83rd Foundation Day of Council of Scientific and Industrial Research (CSIR) today at National Agricultural Science Complex, Pusa, New Delhi.
Prof. Ranjana Aggarwal, Director, CSIR-NIScPR while delivering welcome address during the 83rd CSIR Foundation Day Program organised by CSIR-NIScPR
The event commenced with a welcome address by Prof. Ranjana Aggarwal, Director, CSIR-NIScPR. She said, “CSIR labs are actively engaged in all the areas of science and technology. At NIScPR, our focus is on bridging the gap between science and society. We publish 15 research journals and three popular science magazines, and we are striving to make our content accessible in all Indian languages. Notably, we’ve recently participated in the UN Assembly Science Summit.”
Prof. (Dr.) Sushma Yadav, Pro Vice-Chancellor, Central University of Haryana delivered her insightful talk
Distinguished guest Prof. (Dr.) Sushma Yadav, Pro Vice-Chancellor, Central University of Haryana, in her address said, “CSIR strives to bridge the gap between science and industry. Historically, there has been a misconception that India lacks scientific temper, and CSIR has been working to dispel this notion. By promoting a scientific tradition that coexists with spiritual temper, we aim to create a harmonious blend of rational inquiry and cultural values.”
Prof. Jagat Bhushan Nadda, Director, Consortium for Education Communication
While Prof. Jagat Bhushan Nadda, Director, Consortium for Education Communication, remarked, “CSIR has admirably carried forward India’s scientific legacy, serving as a cornerstone in our nation’s journey. By being at the forefront of addressing national challenges, CSIR has consistently benefited society at large. The need of the hour is to make science accessible, especially in rural areas. To maximize impact, scientific research and discoveries must be translated into actionable policies. CSIR is successfully creating synergy between higher education, research, and innovation, positioning India to become a global leader in science and innovation.”
On the occasion a special issue of ‘Science Reporter’, a monthly publication of CSIR-NIScPR was also released during the event.Title of the issue is “Science Reporter: A Six Decade Journey in Science Communication (1964-2024)”. Awards were distributed by the distinguished guests to retirees, employees completing 25 years of service, and meritorious 10th and 12th-class students.
The evening of the CSIR Foundation Day Celebrations featured a vibrant cultural program, followed by prize distribution for the Foundation Day competitions. During the cultural program, children of NIScPR staff members, S&T and administrative staff, students and project staff participated with great enthusiasm and performed their song and dance very well. ShriMukesh Pund, Chief Scientist, CSIR-NIScPR and Chairperson, CSIR Foundation Day Organising Committee of NIScPR, proposed vote of thanks and expressed his gratitude to all the committees engaged for organising the program. The event was attended by CSIR-NIScPR staff with their families, AcSIR students, and project staff. Coordinators of different sub committees coordinated the assigned tasks very well. Dr.Puspanjali Tripathy coordinated the Painting & Drawing Competition; Quiz & Essay Competition was coordinated by Dr. Meher Wan; Budget & Venue was coordinated by Dr. Naresh Kumar; Cultural Function & Stage Control was coordinated by Dr. Manish Mohan Gore. Dr. Vipan Kumar coordinated the sports events, Dr.Arvind Meena coordinated publicity materials and Mrs.Sonali Nagar coordinated the invitation of guests for the CSIR Foundation Day Celebrations organised at CSIR-NIScPR.
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NKR/AG
(Release ID: 2060530) Visitor Counter : 73