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Category: Asia

  • MIL-OSI United Kingdom: Plans for UK to become sustainable finance capital of the world

    Source: United Kingdom – Government Statements

    Press release

    Plans for UK to become sustainable finance capital of the world

    Energy Secretary Ed Miliband outlines plans to support banks and large companies in developing climate transition plans.

    • Government welcomes views on supporting banks and large companies to set out their climate transition plans  
    • Energy Secretary announces plans will “help unlock billions in clean energy investment” and grow the economy  
    • delivers on commitment to make the UK the “sustainable finance capital of the world” as part of the Plan for Change

    To help “unlock billions in clean energy investment”, the Energy Secretary Ed Miliband has today outlined plans to support banks and large companies in developing climate transition plans when addressing the Climate and Innovation Forum as part of London Climate Action Week (25 June).  

    The UK is consistently ranked first in the world for sustainable finance, and 70% of FTSE 100 companies have already voluntarily developed many of the key elements of a transition plan. Widespread transition planning will help provide long-term certainty and clarity to help scale the sustainable finance industry as part of our modern industrial policy. 

    The government’s clean energy superpower mission is already delivering economic growth, with net zero sectors growing 3 times faster than the overall economy last year, according to CBI Economics. Since July, over £40 billion of private investment has also been announced into the UK’s clean energy industries – creating good jobs for working people and driving long-term growth.  

    As part of the government’s Plan for Change, the government wants to help stimulate billions of pounds a year of private investment to deliver the government’s clean energy superpower mission and make the UK the “sustainable finance capital of the world”.  

    To support this growth, the government will take forward recommendations from last year’s Transition Finance Market Review to consult on transition plan requirements in order to catalyse the growing transition finance market. The design of any future transition plan requirements will be aligned with the Prime Minister’s commitment to reduce regulatory compliance costs by 25%. 

    Energy Secretary Ed Miliband said: 

    This government is determined to make the UK the sustainable finance capital of the world as we seize the huge economic opportunities provided by clean energy. 

    Through our clean energy superpower mission and industrial strategy, we can win this global race and accelerate investment into these sectors – growing the economy, turbocharging the transition to net zero and delivering on our Plan for Change. 

    Our plans will transform our leading financial services sector into a global hub for green investment.

    Minister for Competition and Markets Justin Madders said:  

    We want to work with businesses to develop a “common sense” sustainable reporting framework that is transparent, clear and proportionate for those investing in the UK. 

    These measures will enhance competition in the sustainability assurance sector, helping to deliver on our Plan for Change and kickstart economic growth.

    Rt Hon Lord Alok Sharma KCMG, Chair of the UK Transition Finance Council said: 

    A clear message from the Transition Finance Market Review was that high quality disclosure and information are vital for investors and a pre-condition to a flourishing sustainable and transition finance market.  

    I therefore very much welcome the government taking forward recommendations from the Review to consult on corporate transition plan requirements.  

    The UK can become the pre-eminent global financial centre for raising transition finance, but this is a time-limited opportunity, and that is why it will be vital to move quickly from consultation to implementation.

    The government is publishing 3 consultations on: 

    • how to take forward the government’s commitment on transition planning to support the market to invest in sectors that will deliver the clean energy superpower mission
    • new UK Sustainability Reporting Standards to provide clear, comparable information for investors on sustainability related financial risks and opportunities to enable them to make informed investment decisions
    • the development of a voluntary registration regime for the providers of assurance of sustainability reporting, supporting growth in this important sector

    Transition planning means businesses set out a roadmap that outlines how they intend to adapt and transform their operations, strategies, and business models to align with their climate goals. 

    This is a vital part of the government’s commitment to secure Britain’s position as the sustainable finance capital of the world and will help businesses and investors seize the opportunities from the clean energy transition.  

    A recent survey of financial institutions conducted by South Pole found that 84% of UK-based financial institutions find companies with transition plans more attractive to invest in. 

    Supporting British industry and creating good, skilled jobs up and up down the country is core to the government’s industrial strategy and plan to grow the economy, ensuring businesses can take advantage of the transition to new low carbon technologies as they reduce their emissions. This will allow UK industry to remain competitive globally and support the millions of manufacturing jobs in regions across the UK – as well as future-proofing existing sectors, and increasing economic resilience to climate impacts. 

    Alistair Phillips-Davies, Chief Executive at SSE plc said: 

    SSE has long been a firm supporter of credible, transparent transition planning. As an early adopter of climate transition plans, we’ve seen first-hand how they can build investor confidence and accelerate progress toward net zero. 

    We welcome the UK Government’s ambition to become the sustainable finance capital of the world and fully support the work of the Transition Plan Taskforce and the Transition Finance Market Review. 

    As the UK’s clean energy champion, we want to see the UK remain the best place in the world to attract transition finance and deliver the investment needed for a just and ambitious energy transition.

    Rachel Solomon Williams, Executive Director of the Aldersgate Group, said: 

    The Aldersgate Group welcomes today’s announcement as a significant step forward in creating a first-in-class green regulatory framework. 

    Using the feedback from these consultations to develop clear financial guardrails will help strengthen the transparency, interoperability, and credibility of climate-related financial disclosures. This is essential to support the measures in the government’s Modern Industrial Strategy, unlocking private sector investment in the UK’s low carbon economy.  

    We are particularly pleased to see the consultation on how best to take forward the government’s commitment on transition planning. Climate transition plans are a vital tool to help real economy companies integrate climate into strategic and operational decision-making, while also enabling financial institutions to align capital allocation, stewardship, and risk management with the transition to net zero.

    James Alexander, CEO of UK Sustainable Investment and Finance Association (UKSIF), said:  

    We welcome the government’s commitment to bringing forward the consultation on climate transition plans for banks and large companies. These are essential for enhancing growth and global competitiveness as the UK and other countries decarbonise.  

    Further dialogue between the government and industry on the UK Sustainability Reporting Standards is also very encouraging. We look forward to ministers taking forward these commitments, which will help future-proof our economy over the coming years.

    Heather McKay, Programme Lead, UK Sustainable and Resilient Finance at E3G, said:  

    The delivery of the government’s growth mission relies on ensuring Britain is a world-class destination for green and transition finance.  

    The clean economy is our ticket to a high-growth future, and credible transition plans – as part of a future-fit regulatory regime – are fundamental to unlocking the investment required to seize this opportunity.  

    The release of this highly anticipated consultation package is a welcome step towards turning this vision into reality.

    Claudine Blamey, Chief Sustainability Officer at Aviva, said:  

    We welcome this consultation as an important next step in understanding how transition planning is rolled out across the UK economy, helping businesses understand the steps needed to transition, supporting a greener, more prosperous future.

    Andrew Ninian, Director for Stewardship, Risk and Tax at the Investment Association, said:  

    We want the UK to remain at the forefront of sustainable finance. Ensuring that reporting standards are focused on the issues that impact the financial performance of companies is vital to achieve this.  

    Transition planning should enable investors to understand how climate risks and opportunities affect a company’s value and how they are adapting their business strategy to reduce their climate impact, in order to provide a sustainable future and grow the UK economy.  

    International comparability is also key, and with companies already preparing for reporting in line with ISSB, endorsing the standards will allow investors in UK companies to fully understand their long-term sustainability risks and simplify reporting expectations in the UK and globally.

    Ian Bhullar, Director, Sustainability Policy, UK Finance said: 

    The financial services industry backs proportionate, internationally aligned sustainability reporting. Many firms have already published transition plans and use their customers’ plans to make low-carbon financing decisions.  

    Better reporting by a range of companies will provide information that lenders and investors can use to increase green finance flows. UK Finance welcomes these consultations and will work with government to ensure they support growth in the UK economy.

    Faith Ward, Chief RI Officer, Brunel Pension Partnership said: 

    I hugely welcome the HMG announcements today. Having been deeply involved in supporting the International Sustainability Standards Board and Transition Plan Taskforce, I am delighted to see the UK take this vital step to regain its leadership role as global centre for green finance. 

    Investors want to allocate capital to growing businesses that are taking action to address climate and sustainability risks – and that are looking to business opportunities so that they deliver financially over the long term. They need globally consistent reporting on climate and sustainability actions, alongside critical insights into corporate plans for the transition.

    Bruno Gardner, Head of Climate Change and Nature, Phoenix Group said: 

    As a long-term investor, policy developments that provide greater certainty around the net zero transition enhance the UK’s role as the leading centre of sustainable finance.  

    Transition plans are critical to helping investors like Phoenix Group manage the risks of climate change and direct capital towards companies that are best equipped to navigate the transition to net zero, ensuring the best outcomes for our customers.  

    We welcome all three consultations and the government’s engagement with the private sector, which is a significant step towards giving investors greater policy certainty and enabling us to being net-zero by 2050.

    Notes to editors   

    DESNZ analysis of Bloomberg New Energy Finance (BNEF) data showed that global investment into low carbon sectors amounted to £1.6 trillion in 2024, with total investment in UK low carbon sectors representing 1.8% of GDP, the second highest share within the G7.

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    Updates to this page

    Published 25 June 2025

    MIL OSI United Kingdom –

    June 26, 2025

  • MIL-OSI: Nametag Sets New Paradigm in Enterprise Identity Verification with Bring-Your-Own-Storage for PII

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, June 25, 2025 (GLOBE NEWSWIRE) — Nametag, the leader in workforce identity verification, today announced the general availability of Enterprise Data Custody. Enterprise Data Custody allows organizations to store all personally identifiable information (PII) captured during identity verification (IDV) within their own infrastructure, including AWS S3 buckets and Azure Blob Storage. This represents a foundational shift in how identity verification (IDV) can coexist with enterprise privacy practices. Rather than requiring PII to be retained by a third-party IDV provider, as is typical in consumer-facing applications of IDV such as Know Your Customer (KYC), enterprises can now verify their employees, contractors and customers without transferring sensitive data outside of their own infrastructure.

    Key features and benefits: Nametag Enterprise Data Custody

    • Store PII from employees, contractors and customers within enterprise-owned infrastructure.
    • Deploy Deepfake Defense™ identity verification while maintaining direct control over all PII.
    • Ensure alignment between enterprise security needs, regulations, and business policies.

    Enterprises are increasingly adopting identity verification in the workforce but face growing data privacy and compliance challenges.

    As companies grapple with organized threat groups like Scattered Spider and North Korean IT workers, traditional user authentication practices are proving ineffective in the face of high-quality voice clones, deepfake identity documents, and advanced social engineering tactics. To mitigate these and other threats to workforce identity infrastructure, enterprise IT and cybersecurity teams are increasingly turning to identity verification (IDV). Global spending on digital identity verification is predicted to reach $26 billion by 2029, according to a report by Juniper Research. But enterprises looking to adopt IDV solutions are often faced with conflicting security needs, compliance requirements, and user expectations surrounding the handling and protection of sensitive data.

    While consumer-facing identity verification often permits IDV vendor storage of customer PII, workforce IDV requires a different approach. Employee and contractor data can be subject to different privacy expectations, regulatory frameworks, and increased oversight from legal and IT stakeholders. As a result, enterprises often mandate that employee PII cannot leave the company’s direct control. This can create barriers to enterprise adoption of IDV to protect their workforce.

    Nametag enables enterprise adoption of workforce identity verification by assuring IDV alignment with modern data governance paradigms.

    Nametag’s Enterprise Data Custody feature allows enterprises to meet this requirement by giving organizations direct control over how PII is stored, secured, and governed. With Enterprise Data Custody, companies using Nametag can choose to store PII within their own environments. This in turn allows enterprise IT and cybersecurity teams to apply specific access controls and security policies to user PII without impacting identity verification performance, accuracy or security.

    “Enterprise Data Custody is emerging as a baseline requirement for organizations that demand greater control over how identity data is managed during identity verification,” said Aaron Painter, CEO of Nametag. “This innovation reflects our long-standing commitment to privacy-first design and sets a new standard for how identity verification can align with enterprise data governance.”

    With the launch of Enterprise Data Custody, Nametag furthers its leadership in workforce identity verification. Nametag’s platform, powered by its Deepfake Defense™ engine, is used by global enterprises to prevent breaches and reduce IT support costs by protecting and automating employee account lifecycle functions like onboarding, account recovery and helpdesk verification.

    Enterprise Data Custody is generally available to all Nametag customers. Companies interested in learning more about Nametag and its solutions can visit getnametag.com or contact sales@nametag.co.

    About Nametag

    Nametag provides integrated identity verification and account protection solutions that prevent modern impersonation threats and streamline user experiences. Powered by Deepfake Defense™, Nametag detects and blocks sophisticated attacks which bypass other, outdated approaches to user verification, delivering the highest possible level of identity assurance. Nametag’s out-of-the-box solutions help enterprises secure their entire user account lifecycle, from onboarding through recovery, while ensuring compliance with the latest privacy standards. Security-conscious enterprises trust Nametag to protect their businesses and reduce IT and support costs. For more information, visit getnametag.com.

    The MIL Network –

    June 26, 2025

  • MIL-OSI Economics: Samsung Wallet Adds Digital Key Compatibility for Mercedes-Benz

    Source: Samsung

    Samsung Electronics Co., Ltd, today announced that Samsung Wallet will support digital key compatibility for Mercedes-Benz vehicles starting in July 2025. With this new integration, Galaxy users1 can now experience a more seamless way to lock, unlock and start their Mercedes-Benz2 vehicle from their smartphone.
    “We’re excited to bring Mercedes-Benz drivers the incredible convenience that comes with Samsung Digital Key access,” said Woncheol Chai, EVP and Head of Digital Wallet Team, Mobile eXperience Business at Samsung Electronics. “Our collaboration with Mercedes-Benz advances our vision of providing effortless access to tech-enabled experiences across the Galaxy ecosystem.”
    “Bringing convenience and luxury to our customers is our top priority as we strive to bring them the best vehicle experience possible,” said Stefan Blossey, Director of Body-/Comfort-E/E, UX Components at Mercedes-Benz AG. “Samsung Digital Key allows Mercedes-Benz to continue offering our customers convenient access and connectivity to their vehicles.”

    Samsung Wallet is a versatile platform that allows Galaxy users to organize digital keys, payment methods, identification cards, and more — all in one secure and easy-to-use application. Launched in June 2022, and backed by defense-grade security from Samsung Knox, Samsung Wallet smoothly integrates across the broader Galaxy ecosystem to offer powerful connectivity and fortified protection for users in their everyday lives.
    With the addition of the Mercedes-Benz Digital Key on Samsung Wallet, users can experience a new level of convenience at their fingertips. Once inside the vehicle, Samsung’s Digital Key enables drivers to start their vehicle without using their physical key or even removing their smartphone from their pocket. Users can also securely share the digital key with friends or family, through an easy-to-use interface that lets owners grant or disable access as needed.

    The integration of the Mercedes-Benz Digital Key in Samsung Wallet is also backed by Samsung’s commitment to providing a safe, secure and reliable mobile experience for users. Digital keys are securely embedded within the device, meeting rigorous EAL6+3 security standards for protection against unauthorized access. By utilizing Ultra-Wideband (UWB) technologies, a standardized communication protocol set by the Car Connectivity Consortium, the digital key provides precise functionality, significantly reducing the risk of unwanted attempts to access the vehicle.
    If a device containing the digital key in Samsung Wallet is misplaced or stolen, users can log in to the SmartThings Find service to remotely lock or delete the device, securing access to the digital key and further safeguarding their vehicle. With biometric or PIN-based user authentication requirements, Samsung Wallet helps to protect vehicles by keeping access private and secure.4
    Availability
    Digital Key functionality for select Mercedes-Benz vehicles will roll out starting July 2025 in select regions5 worldwide. Users can register their Digital Key through the Mercedes Me application.

    Mercedes-Benz AG at a glance
    Mercedes‑Benz AG is part of the Mercedes‑Benz Group AG with a total of around 175,000 employees worldwide and is responsible for the global business of Mercedes‑Benz Cars and Mercedes‑Benz Vans. Ola Källenius is Chairman of the Board of Management of Mercedes‑Benz AG. The company focuses on the development, production and sales of passenger cars, vans and vehicle-related services. Furthermore, the company aspires to be the leader in the fields of electric mobility and vehicle software. The product portfolio comprises the Mercedes‑Benz brand with Mercedes‑AMG, Mercedes‑Maybach and G‑Class with their all-electric models as well as products of the smart brand. Mercedes‑Benz AG is one of the world’s largest manufacturers of high-end passenger cars. In 2024 it sold around 2,4 million passenger cars and vans. In its two business segments, Mercedes‑Benz AG is continually expanding its worldwide production network with more than 30 production sites on four continents, while gearing itself to meet the requirements of electric mobility. At the same time, the company is constructing and extending its global battery production network on three continents. As sustainability is the guiding principle of the Mercedes‑Benz strategy and for the company itself, this means creating lasting value for all stakeholders: for customers, employees, investors, business partners and society as a whole. The basis for this is the sustainable business strategy of the Mercedes‑Benz Group. The company thus takes responsibility for the economic, ecological and social effects of its business activities and looks at the entire value chain.
    1 Samsung Wallet Digital Key support is available on select devices, including: Galaxy S21 Ultra/S21+, S22 Ultra/S22+, S23 Ultra/S23+, S24 Ultra/S24+, S25 Ultra/S25+, S25 Edge, Note20 Ultra, Z Fold2, Z Fold3, Z Fold4, Z Fold5, Z Fold6, Z Fold Special Edition.
    2 Mercedes-Benz vehicles supporting Digital Car Key differ per region, in the US these include: E-Class Sedan W214, E-Class Wagon S214, Mercedes-Maybach EQS SUV Z296, EQS Sedan V297, EQS SUV X296, EQE Sedan V295, EQE SUV X294, S-Class Sedan W223, S-Class Sedan Long V223, Mercedes-Maybach S-Class Z223, Mercedes-AMG GT Coupé C192, Mercedes-AMG SL R232, Mercedes-Maybach SL Z232, C-Class Saloon W206, C-Class Estate S206, GLC SUV X254, GLC Coupé C254. For the full breakdown per region, please visit https://moba.i.mercedes-benz.com/baix/cars/dck-compatibility/landingpage/index.html.
    3 Evaluation Assurance Level6+, for which a product must be evaluated for specific protection against side-channel attacks or other advanced attack vectors, plus additional, more extensive testing and verification of the product’s security functions.
    4 Requires compatible device, SmartThings and Samsung account.
    5 Available regions include: Abu Dhabi, Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Dubai, Estonia, Finland, France, Germany, Greece, Hungary, India, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malaysia, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, United Kingdom and USA.

    MIL OSI Economics –

    June 26, 2025

  • MIL-OSI Economics: Samsung Wallet Adds Digital Key Compatibility for Mercedes-Benz

    Source: Samsung

    Samsung Electronics Co., Ltd, today announced that Samsung Wallet will support digital key compatibility for Mercedes-Benz vehicles starting in July 2025. With this new integration, Galaxy users1 can now experience a more seamless way to lock, unlock and start their Mercedes-Benz2 vehicle from their smartphone.
    “We’re excited to bring Mercedes-Benz drivers the incredible convenience that comes with Samsung Digital Key access,” said Woncheol Chai, EVP and Head of Digital Wallet Team, Mobile eXperience Business at Samsung Electronics. “Our collaboration with Mercedes-Benz advances our vision of providing effortless access to tech-enabled experiences across the Galaxy ecosystem.”
    “Bringing convenience and luxury to our customers is our top priority as we strive to bring them the best vehicle experience possible,” said Stefan Blossey, Director of Body-/Comfort-E/E, UX Components at Mercedes-Benz AG. “Samsung Digital Key allows Mercedes-Benz to continue offering our customers convenient access and connectivity to their vehicles.”

    Samsung Wallet is a versatile platform that allows Galaxy users to organize digital keys, payment methods, identification cards, and more — all in one secure and easy-to-use application. Launched in June 2022, and backed by defense-grade security from Samsung Knox, Samsung Wallet smoothly integrates across the broader Galaxy ecosystem to offer powerful connectivity and fortified protection for users in their everyday lives.
    With the addition of the Mercedes-Benz Digital Key on Samsung Wallet, users can experience a new level of convenience at their fingertips. Once inside the vehicle, Samsung’s Digital Key enables drivers to start their vehicle without using their physical key or even removing their smartphone from their pocket. Users can also securely share the digital key with friends or family, through an easy-to-use interface that lets owners grant or disable access as needed.

    The integration of the Mercedes-Benz Digital Key in Samsung Wallet is also backed by Samsung’s commitment to providing a safe, secure and reliable mobile experience for users. Digital keys are securely embedded within the device, meeting rigorous EAL6+3 security standards for protection against unauthorized access. By utilizing Ultra-Wideband (UWB) technologies, a standardized communication protocol set by the Car Connectivity Consortium, the digital key provides precise functionality, significantly reducing the risk of unwanted attempts to access the vehicle.
    If a device containing the digital key in Samsung Wallet is misplaced or stolen, users can log in to the SmartThings Find service to remotely lock or delete the device, securing access to the digital key and further safeguarding their vehicle. With biometric or PIN-based user authentication requirements, Samsung Wallet helps to protect vehicles by keeping access private and secure.4
    Availability
    Digital Key functionality for select Mercedes-Benz vehicles will roll out starting July 2025 in select regions5 worldwide. Users can register their Digital Key through the Mercedes Me application.

    Mercedes-Benz AG at a glance
    Mercedes‑Benz AG is part of the Mercedes‑Benz Group AG with a total of around 175,000 employees worldwide and is responsible for the global business of Mercedes‑Benz Cars and Mercedes‑Benz Vans. Ola Källenius is Chairman of the Board of Management of Mercedes‑Benz AG. The company focuses on the development, production and sales of passenger cars, vans and vehicle-related services. Furthermore, the company aspires to be the leader in the fields of electric mobility and vehicle software. The product portfolio comprises the Mercedes‑Benz brand with Mercedes‑AMG, Mercedes‑Maybach and G‑Class with their all-electric models as well as products of the smart brand. Mercedes‑Benz AG is one of the world’s largest manufacturers of high-end passenger cars. In 2024 it sold around 2,4 million passenger cars and vans. In its two business segments, Mercedes‑Benz AG is continually expanding its worldwide production network with more than 30 production sites on four continents, while gearing itself to meet the requirements of electric mobility. At the same time, the company is constructing and extending its global battery production network on three continents. As sustainability is the guiding principle of the Mercedes‑Benz strategy and for the company itself, this means creating lasting value for all stakeholders: for customers, employees, investors, business partners and society as a whole. The basis for this is the sustainable business strategy of the Mercedes‑Benz Group. The company thus takes responsibility for the economic, ecological and social effects of its business activities and looks at the entire value chain.
    1 Samsung Wallet Digital Key support is available on select devices, including: Galaxy S21 Ultra/S21+, S22 Ultra/S22+, S23 Ultra/S23+, S24 Ultra/S24+, S25 Ultra/S25+, S25 Edge, Note20 Ultra, Z Fold2, Z Fold3, Z Fold4, Z Fold5, Z Fold6, Z Fold Special Edition.
    2 Mercedes-Benz vehicles supporting Digital Car Key differ per region, in the US these include: E-Class Sedan W214, E-Class Wagon S214, Mercedes-Maybach EQS SUV Z296, EQS Sedan V297, EQS SUV X296, EQE Sedan V295, EQE SUV X294, S-Class Sedan W223, S-Class Sedan Long V223, Mercedes-Maybach S-Class Z223, Mercedes-AMG GT Coupé C192, Mercedes-AMG SL R232, Mercedes-Maybach SL Z232, C-Class Saloon W206, C-Class Estate S206, GLC SUV X254, GLC Coupé C254. For the full breakdown per region, please visit https://moba.i.mercedes-benz.com/baix/cars/dck-compatibility/landingpage/index.html.
    3 Evaluation Assurance Level6+, for which a product must be evaluated for specific protection against side-channel attacks or other advanced attack vectors, plus additional, more extensive testing and verification of the product’s security functions.
    4 Requires compatible device, SmartThings and Samsung account.
    5 Available regions include: Abu Dhabi, Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Dubai, Estonia, Finland, France, Germany, Greece, Hungary, India, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malaysia, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, United Kingdom and USA.

    MIL OSI Economics –

    June 26, 2025

  • MIL-OSI Africa: Courtesy Call on State Minister for Foreign Affairs Mr. FUJII Hisayuki by H.E. Mr. Hamza Adan Haadoow, Permanent Secretary of the Ministry of Foreign Affairs and International Cooperation of the Federal Republic of Somalia

    Source: Africa Press Organisation – English (2) – Report:

    Download logo

    On June 25, commencing at 4:00 p.m., for approximately 30 minutes, Mr. FUJII Hisayuki, State Minister for Foreign Affairs of Japan, received a courtesy call from H.E. Mr. Hamza Adan Haadoow, Permanent Secretary of the Ministry of Foreign Affairs and International Cooperation of the Federal Republic of Somalia. The overview of the courtesy call is as follows:

    1. At the outset, State Minister Fujii welcomed Permanent Secretary Hamza’s visit to Japan and expressed his expectation for further cooperation at the United Nations, including the Security Council, with the Federal Republic of Somalia, as Somalia is serving as a non-permanent member of the UN Security Council for two years from 2025.
    2. In response, Permanent Secretary Hamza expressed gratitude for Japan’s support so far and stated that Somalia would like to further deepen cooperation in the international arena including the Security Council, and bilateral cooperation.
    3. State Minister Fujii, while mentioning Japan’s efforts, stated that Japan would like to continue cooperation with Somalia towards its peace and stability. In response, Permanent Secretary Hamza expressed his expectation for Japan’s cooperation.
    4. They also exchanged views on regional situations such as their policies toward North Korea including on the nuclear and missile issues as well as the abductions issue, cooperation in UN Security Council reform，maintaining and strengthening the international order based on the rule of law, the cooperation toward the Ninth Tokyo International Conference on African Development (TICAD9) and others. They concurred to continue close cooperation in the international arena.

    – on behalf of Ministry of Foreign Affairs of Japan.

    MIL OSI Africa –

    June 25, 2025

  • Operation Sindhu: IAF brings 224 Indian nationals back from Israel

    Source: Government of India

    Source: Government of India (4)

    The Indian Air Force on Wednesday successfully evacuated 224 more Indian nationals from Israel, taking the total number of citizens brought back safely to 818, under Operation Sindhu.

    Minister of State Shobha Karandlaje greeted the Indian nationals upon their arrival in New Delhi.

    The Ministry of External Affairs (MEA) said on X, “Operation Sindhu update, MoS Ms. Shobha Karandlaje received 224 Indian nationals who returned to India from Israel on an IAF aircraft at 10:30 Hrs on 25th June. The safety and security of Indian nationals remain a priority for the government. To date, 818 Indian nationals have returned home from Israel as part of Operation Sindhu.”

    The IAF joined in the operations with its C-17 aircraft to evacuate the Indian nationals and the citizens of friendly nations, including Nepal and Sri Lanka, from war-hit Israel and bring them back home to safety.

    Earlier, the MEA had announced that the evacuation of Indian nationals from Israel under Operation Sindhu started on Monday, June 23, via Jordan, marking its first successful repatriation flight, with 161 citizens landing in New Delhi from Amman on Tuesday morning.

    Followed by a second flight on Tuesday itself, the IAF brought back 286 Indian nationals, who were residing in Israel, from Sharm el-Sheikh, Egypt.

    Meanwhile, a similar evacuation process continued in Iran with 282 more evacuees arriving in India. According to the MEA, so far 2,858 Indian nationals have been brought back home from Tehran and other affected regions.

    The Government of India launched Operation Sindhu, an evacuation mission Operation Sindhu following the hostilities between Iran and Israel.

    (With inputs from IANS)

    June 25, 2025

  • Centre approves ₹417 crore Electronics Manufacturing Cluster in Gautam Buddha Nagar

    Source: Government of India

    Source: Government of India (4)

    The central government has approved the establishment of a ₹417 crore Electronics Manufacturing Cluster (EMC 2.0) in Gautam Buddha Nagar, Uttar Pradesh. The new cluster aims to significantly boost local manufacturing, encourage innovation, and attract substantial investments into the electronics sector.

    Union Minister for Electronics and IT, Ashwini Vaishnaw, along with Minister of State, Jitin Prasada, reviewed the project on Wednesday and instructed officials to work closely with the Uttar Pradesh government to ensure faster implementation.

    About the Project

    To be developed by the Yamuna Expressway Industrial Development Authority (YEIDA), the EMC will span 200 acres and is projected to draw approximately ₹2,500 crore in new investments. Speaking on the occasion, Vaishnaw highlighted that the EMC will generate 15,000 new jobs and create world-class infrastructure, aligning perfectly with Prime Minister Shri Narendra Modi’s vision of promoting “Make in India” and “Viksit Bharat.”

    Industry Impact and Products

    The cluster is set to support a broad range of industries, including:

    * Consumer electronics

    * Automotive and industrial electronics

    * Medical devices

    * Computer hardware

    * Communication equipment

    Startups and MSMEs will benefit greatly from this EMC as it will offer world-class plug-and-play infrastructure along with shared amenities. Some key facilities include standard factory sheds, electricity and water provisioning, sewage treatment, skill development centres, health centres, hostels, and more — all of which will help reduce logistics and setup costs.

    Strategic Location

    Strategically located along the Yamuna Expressway and Eastern Peripheral Expressway — with proximity to the Palwal–Khurja Expressway — the EMC enjoys strong multimodal connectivity by road, rail, and air. Its position close to the Jewar International Airport and railway hubs, along with surrounding industrial areas like the Medical Device Park, MSME & Apparel Park, and the Aviation Hub, further enhances its accessibility and appeal for potential investors.

    About EMC 2.0 Scheme

    To date, about ₹30,000 crore have been invested across EMCs under the scheme, attracting 520 companies and creating over 86,000 jobs. The new EMC in Uttar Pradesh underscores India’s commitment to becoming a global manufacturing powerhouse and will help establish a robust foundation for electronics companies looking to set up their operations in India.

    June 25, 2025

  • ‘Ek Vidhan, Ek Nishan, Ek Pradhan’ — Remembering Dr. Syama Prasad Mookerjee’s Resounding Call: Vice-President Pays Tribute on The Leader’s Balidan Diwas

    Source: Government of India

    Source: Government of India (2)

    lign=”center”>Article 370 Bled Jammu & Kashmir; Along With Draconian 35A, It Deprived People of Basic Human Rights – VP
    NEP 2020 Reaffirms India’s Belief in Education as Self-Awakening, Not Just Skill-Building, Highlights VP
    Our Universities Are Not Meant To Just Hand Out Degrees. They Have To Be Crucibles of Innovation And Sanctuaries of Ideas, Says VP
    Education Brings About Equality, Education Decimates Inequities. Education Gives Life to Democracy, Stresses VP
    Universities Must Allow Space for Disagreement, Debate, Dialogue and Discussion; Abhivyakti, Vaad Vivaad, Anant Vaad Are Inalienable Facets of Our Democracy, Urges VP
    Establish Institutions of Uncompromising Excellence in AI, Climate Tech, Quantum Science — Then Bharat Will Lead, Others Will Follow, Underlines VP
    Vice-President Addresses the Inaugural Session of the 99th Annual Meet and National Conference of Vice Chancellors (2024–2025) In Uttar Pradesh

    The Vice-President of India, Shri Jagdeep Dhankhar today paid homage to Dr. Syama Prasad Mukherjee, saying, “It’s a great day in the history of our nation. One of the finest sons of our soil, it is his balidan diwas today — Dr. Shyama Prasad Mukherjee. He gave the slogan — एक विधान, एक निशान और एक प्रधान ही होगा देश में दो नहीं होंगे. He said so during the campaign in the state of Jammu and Kashmir in 1952.”

    https://twitter.com/VPIndia/status/1937053832418410692

    Shri Dhankhar further added, “We suffered from Article 370 for too long. It bled us and the state of Jammu and Kashmir. Article 370 and the draconian Article 35A deprived people of their basic human rights and fundamental rights. We had a visionary Prime Minister Narendra Modi and a Home Minister in the shoes of Sardar Patel, Amit Shah. Article 370 does not exist now in our Constitution. It was abrogated on 5th August 2019, and the legal challenge to the Supreme Court failed on 11 December 2023. I therefore cannot be at a more befitting place than this to pay tribute to one of the finest sons of our soil. My tributes to him.”

    Addressing the inaugural session of the 99th Annual Meet and National Conference of Vice Chancellors (2024–2025), organised by the Association of Indian Universities (AIU), at Gautam Buddha Nagar, Uttar Pradesh, Shri Dhankhar said, highlighting the National Education Policy, “I must share with you something which happened after more than 3 decades, that has really changed the landscape of our education. I am making reference to the ‘National Education Policy’ 2020. As Governor, State of West Bengal, I was associated with it. Some major inputs — in the hands of thousands — were taken into consideration for the evolution of this policy.”

    https://twitter.com/VPIndia/status/1937060609058800015

    “The policy resonates with our civilizational spirit, essence, and ethos. It is a bold reaffirmation of India’s timeless belief that education is the awakening of the self — not just for education of skills.”

    “I have firmly believed — education is a great equalizer. Education brings about equality as no other mechanism does. Education decimates inequities. As a matter of fact, education gives life to democracy.”

    Congratulating the Government of Uttar Pradesh, he stated, “My congratulations to the Government of Uttar Pradesh. The Chief Minister has done a great initiative. IT was given ‘Industry Status’. That has a huge consequence for positive development. Another aspect for which UP is getting increasingly recognized is at the school education level. The transparency and accountability in administration is becoming a hallmark.”

    https://twitter.com/VPIndia/status/1937054543826784674

    Applauding India’s national progress, the Vice-President said, “India has emerged as a land of opportunity, of entrepreneurship, of startups, of innovation, of unicorns. In every parameter where growth and development can be gauged, we are rising.”

    On the role of universities, the Vice-President emphasized, “Our universities are not meant to just hand out degrees. The degrees must carry great weightage. Universities must be sanctuaries of ideas and ideation, crucibles of innovation. These places have to catalyse big change.”

    https://twitter.com/VPIndia/status/1937059527398224310

    “That responsibility lies on the Vice-Chancellors in particular and the academia in general. I appeal to you, there must be space for disagreement, debate, dialogue and discussion. That is how the mind cells are activated. Abhivyakti, Vaad Vivaad, Anant Vaad — these are inalienable facets of our civilisation, of our democracy.”

    Highlighting India’s potential to lead in knowledge domains, he said, “When you look around the world, you’ll understand its significance. The state of education defines not only the state of academics, but the state of the nation. We cannot remain perpetual students of Western innovation when our demographic dividend position says, as the world’s knowledge epicenter.”

    “And when we look back in our ancient history, we are reminded of our rich past. It is time Bharat must build world-class institutions, not just to teach, but to pioneer. These are not mere disciplines. These are levers of assurance of our sovereignty in all times to come.”

    https://twitter.com/VPIndia/status/1937061917761376261

    Calling for equitable expansion of higher education, the Vice-President observed, “A lot of our institutions have remained brown-field. Let us fall in line with the global groove — let’s go green. Greenfield institutions alone bring about equitable distribution. There is clusterization in metros and Tier 1 cities. Many regions remain untouched.”

    “Let’s go in for greenfield institutions in such areas. Vice Chancellors are not only the watchdogs, but impregnable bulwarks against commodification and commercialisation of education. One of our fundamental objectives is to ensure affordability, reach, and accessibility of quality education for ordinary people.”

    Concluding his address with a call to establish leadership in emerging domains, the Vice-President asserted, “Establish institutions of uncompromising excellence in emerging domains — artificial intelligence, climate change, climate technology, quantum science, digital ethics — then Bharat will lead, others will follow. That’s a challenge.”

    “Education is not just merely for public good. It is our most strategic national asset. It is integrally connected not only with our development journey in infrastructure or otherwise, it assures national security also.”

    “Friends, I am before academicians and therefore I will reveal my thought process a little more critically for your analysis. Impossible choices define our character and strength. We must not take the easy route. Impossible choices define that we really have a great inheritance. Taking the easy path is getting into mediocrity, and then into irrelevance and insignificance.”

    “Universities are crucibles to generate such choices. They prepare minds. They prepare people to be intrepid — to go in for impossible choices.”

    Shri Sunil Kumar Sharma, Minister for IT and Electronics, Government of Uttar Pradesh; Dr. Ashok K. Chauhan, Founder President, Amity Education and Research Group; Prof. Vinay Kumar Pathak, President, AIU; and Dr. (Mrs.) Pankaj Mittal, Secretary General, AIU, and other dignitaries were also present.

    June 25, 2025

  • MIL-OSI Asia-Pac: Housing Authority wins two awards at Asia Pacific GovMedia Awards 2025 (with photos)

    Source: Hong Kong Government special administrative region

    Housing Authority wins two awards at Asia Pacific GovMedia Awards 2025  
         The Hong Kong Housing Authority (HA) today (June 25) said that the HA won two prestigious awards for its innovative projects at the GovMedia Awards 2025 ceremony held in Singapore this month including the Hong Kong Public-Private Partnership of the Year – Housing and Hong Kong Public Sector Initiative of the Year – Youth. These accolades highlight the HA’s outstanding achievements in advancing construction robotics and supporting young entrepreneurs.
     
         Since 2020, the HA has introduced new requirements on the use of construction robot technology for tender assessments of new building contracts. Through collaborations with robotics firms and the Hong Kong Center for Construction Robotics, the HA has adopted a “pioneer and pilot” approach to improve robot efficiency in a context-specific manner, driving broader adoption of construction robotics. In addition, robotic applications have been expanded to estate management, from cleaning robots to smart patrol systems, providing residents with enhanced community services. By proactively adopting robotics in construction and housing, the HA has driven innovation in housing construction and management. The Hong Kong Public-Private Partnership of the Year – Housing award recognises the HA’s leadership and impact in adopting various robotics.
     
         The Hong Kong Public Sector Initiative of the Year – Youth award acknowledges the HA’s Well Being • Start-Up programme which supports young people in pursuing their entrepreneurial dreams. Launched in July 2024, this initiative provides cost-reducing opportunities for young entrepreneurs to start their businesses. By offering rent-free retail spaces under the HA, the programme lowers the barriers to entrepreneurship and brings new vitality and creativity to the community. The programme has received widespread support since its inception. In April 2025, the HA announced Well Being • Start-Up 2.0 which has garnered responses from over 10 business enterprises, further expanding support for young entrepreneurs.
     
         The GovMedia Awards celebrate the outstanding achievements of government projects and initiatives in the Asia-Pacific region and recognise public organisations that demonstrate leadership, creativity and impacts in public services.
    Issued at HKT 19:05

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    June 25, 2025

  • MIL-OSI Asia-Pac: Passage of unions bill welcomed

    Source: Hong Kong Information Services

    The Government has welcomed the Legislative Council’s passage today of the Trade Unions (Amendment) Bill 2025, which amends the Trade Unions Ordinance.

    It said the bill fulfills a duty to safeguard national security and improves the trade union regulatory regime. The amendments strengthen the statutory powers of the Registrar of Trade Unions to supervise and regulate unions.

    The Government stressed that the amendments give due regard to the freedom and right of Hong Kong residents to form and join trade unions and will not adversely affect the operation of law-abiding trade unions.

    It added that the amended ordinance will ensure that trade unions uphold the principal object of safeguarding and promoting the occupational interests of their members, which will be conducive to unions’ healthy development.

    The Trade Unions (Amendment) Ordinance 2025 will be published in the Government Gazette on July 4, and will come into operation on January 5 next year.

    The Labour Department will step up publicity efforts and publish reference materials to help trade unions understand and comply with the new requirements.

    MIL OSI Asia Pacific News –

    June 25, 2025

  • MIL-OSI: Matador Acquires 8.4 Bitcoin for CAD$1.2M, Bringing Its Total Bitcoin (and Bitcoin Equivalent) Holdings to 77

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 25, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA, OTCQB: MATAF, FSE: IU3) announces that the Company has acquired an additional 8.4 bitcoin for CAD$1.2M (USD$878,763). The 8.4 bitcoin was acquired at an average price of USD$104,914 per bitcoin, inclusive of fees and expenses. The purchase was made following a recent market correction, in line with the Company’s Bitcoin acquisition policy, further reinforcing its conviction in Bitcoin as a long-term asset.

    This acquisition brings Matador’s Bitcoin holdings to approximately 77 bitcoin (and Bitcoin equivalents), reinforcing its stated objective to diversify its treasury with long-duration reserve assets. The Company continues to operate debt-free, with all Bitcoin (and Bitcoin equivalent) holdings free and clear.

    The Company also maintains cash reserves of approximately CAD$5.3 million and physical gold holdings of 2 kilograms (approximately CAD$323,000), reflecting prudent financial management aimed at sustaining long-term growth and stability.

    On June 20, 2025, Matador received conditional approval from the TSX Venture Exchange (“TSXV”) regarding its proposed Change of Business (“COB”) to a Tier 2 hybrid Investment/Technology Issuer. Assuming that the Company obtains TSXV final approval of the COB, this milestone would enable the Company to implement its treasury-first strategy, including the allocation of capital into Bitcoin and other reserve assets in accordance with its investment policy. The Change of Business remains subject to the satisfaction of various conditions including the receipt of applicable shareholder approval and the approval of the TSXV.

    Matador continues to integrate Bitcoin into its long-term strategy, reinforcing its role as a core treasury asset and the foundation for its Digital Gold Platform. Similar to other Bitcoin-native public companies, Matador views Bitcoin as a superior reserve asset and intends to grow its Bitcoin holdings over time.

    “This acquisition reflects the Company’s intention to increase its Bitcoin per share as part of its reserve asset strategy. The Company intends to continue increasing its Bitcoin position to align itself with the global shift to sound money assets,” said Mark Moss, Chief Visionary Officer, Matador Technologies.

    As Matador advances its growth strategy, the Company remains committed to expanding its treasury holdings of Bitcoin and gold, leveraging blockchain technology, with the goal of supporting long-term stakeholder value. The Company intends to continue increasing its Bitcoin position as part of a broader strategy to align itself with the global shift toward sound monetary assets.

    For additional information, please contact:

    Media Contact:
    Sunny Ray
    President
    Email: sunny@matador.network
    Phone: 647-496-6282

    About Matador Technologies Inc.
    Matador Technologies Inc. (TSXV: MATA, OTCQB: MATAF, FSE: IU3) is a publicly traded Bitcoin ecosystem company focused on holding Bitcoin as its primary treasury asset and building products to enhance the Bitcoin network. Matador’s strategy combines strategic Bitcoin accumulation, Bitcoin-native product development, and participation in digital asset infrastructure, with a focus on driving long-term shareholder value while maintaining capital efficiency.

    Matador has recently expanded its global footprint by investing in HODL Systems, one of India’s first digital asset treasury companies, securing up to a 24% ownership stake, subject to TSXV approval of the investment. This investment strengthens Matador’s position as a leading Bitcoin treasury company and underscores its commitment to the worldwide adoption of Bitcoin as a reserve asset.

    With a Bitcoin-first strategy, and a clear focus on innovation, Matador is shaping the future of financial infrastructure on Bitcoin.

    Visit us online at https://www.matador.network/.

    Cautionary Statement Regarding Forward-Looking Information

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

    Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks associated with the implementation of the Company’s treasury management strategy, receipt of regulatory approvals (including final approval of the TSX Venture Exchange with respect to the Company’s proposed change of business), and the launch of its mobile application as currently proposed or at all. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the potential acquisition of Bitcoin and/or US dollars, the pricing of such acquisitions and the timing of future operations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

    The MIL Network –

    June 25, 2025

  • MIL-OSI Video: Myanmar – Press Conference | United Nations

    Source: United Nations (video statements)

    Press conference by Jorge Moreira da Silva, United Nations Office for Project Services (UNOPS) Executive Director, on his trip to Myanmar.

    https://www.youtube.com/watch?v=ePOw9Y15YzM

    MIL OSI Video –

    June 25, 2025

  • June 25, 1975, Lest We Forget

    Source: Government of India

    Source: Government of India (4)

    Fifty years ago, on this day, the Constitution of India was put in abeyance. The political leadership, trusted to usher a new social and economic future for the citizens, conflicted with the judiciary, and the Emergency was announced.

    Fundamental rights were taken away overnight. Political opposition was put behind bars. Young voices were chased away into oblivion, and the frightened citizens of India were left to reminisce about the ugly days of British rule, for such were the dictatorial and draconian measures of the government.

    The Emergency was a setback for a young republic, rediscovering its civilisational place in a rapidly transforming world.

    Even when the Indian citizens languished for basic necessities, they always had their fundamental rights; the right to express their opinions, the right to question their governments, the right to demand better facilities, the right to practice their religion, the right to access information via press, and the right to be critical of the government. With one proclamation, all those rights were discarded, leaving millions of citizens in a limbo.

    For the people, the period was plagued with uncertainty. Many leaders, who were indefinitely jailed, were refused trial. Some have confessed that they were not even allowed to meet their family members. Defence Minister Rajnath Singh once narrated how he could not meet his mother in her final days, because he was jailed. The press, unable to function on principle, printed blank pages as a mark of protest.

    The Emergency of 1975 is the story of India’s democratic character being strangled. Within this larger story, there were millions of stories, unheard, unacknowledged, and unfortunately forgotten.

    Even when people had nothing, they had their rights, and they snatched away at the whims and fancies of one party. In a world oscillating between communism and democracy of the west, India, under the political leadership of 1975, was forced to choose a path that would usher an irreversible stain on our history.

    A democracy flourishes because of people’s trust in the institutions. From the election commission to the judiciary, these are the pieces in the larger puzzle that come together for the country to function perfectly. The Emergency diluted the criticality of these institutions. Elections were delayed. The judgement of the Allahabad High Court was set aside. When mass sterilisations were carried out in the name of population control, people did not have an institution to turn to.

    Many defenders of the Emergency proclaim that the Emergency was announced to curb possible anarchy, but in hindsight, it ushered in an era of silent anarchy within the country.

    Fifty years later, the fourth largest economy of the world must not forget the lessons from the Emergency. When a political entity loses control and conviction, it turns to the institutions, even while in opposition. Some leaders blame the election commission when the results do not go in their favour. Some pin the blame on the judiciary, and if all else fails, the media is made the scapegoat. Such political entities must be discarded.

    Our democracy’s strength is derived from its institutions, for these empower our citizens as well. Today, a citizen, even if in disagreement with the government, can walk upto the Supreme Court if their fundamental rights are violated. Today, a citizen, irrespective of their place in the socio-economic pyramid, can voice their criticism against the government. Despite the election results, the political opposition continues to flourish in our country. This is what democracy is all about- a voice for all.

    The Emergency serves as a lesson in political governance as well. Leadership must not be used to trample upon people’s rights, but to uplift those who need it the most. A leader should be able to elevate everyone’s socio-economic status, be it through financial inclusion, better infrastructure, or more economic opportunities.

    Prime Minister Narendra Modi, who was a young RSS worker during the Emergency, has taken all the right lessons from the Emergency. In his policy pursuits, he has empowered the people through an array of welfare programmes. Not letting dissent or disagreement come in the way of welfare, the Prime Minister has ensured everyone moves along the path of welfare. Dissent can be an exception, but delivery has been made a routine exercise.

    Fifty years, lest we forget the horrors of the Emergency and the people who made the brave sacrifice. Many stories and people are forgotten, and their stories never surfaced, but they all were equal stakeholders in the cause of the country. They all were equally suffering under the tyranny of a government that violated its constitutional obligations and duties.

    (Tushar Gupta is a Delhi-based journalist and a political commentator)

    June 25, 2025

  • Piyush Goyal chairs review meeting on PLI scheme

    Source: Government of India

    Source: Government of India (4)

    Union Minister of Commerce and Industry Piyush Goyal on Wednesday chaired a high-level review meeting on the Production Linked Incentive (PLI) Scheme, underlining its critical role in making India “Aatmanirbhar” in the manufacturing sector. During the meeting, held with representatives from all concerned ministries, Goyal emphasized that India must focus on sectors where it holds a competitive edge globally and proactively address the challenges faced by various stakeholders to boost the country’s exports.

    Highlighting the need for self-reliance in the key sectors covered under the PLI Scheme, Goyal stressed the importance of building quality skilled manpower over quantity. He urged ministries to work in collaboration with the National Industrial Corridor Development Corporation (NICDC) to resolve infrastructure bottlenecks. The minister also called for a well-defined roadmap for the next five years, both in terms of attracting investment and disbursing incentives under the scheme.

    The PLI Scheme, currently at various stages of implementation across 14 key sectors, has attracted investments worth ₹1.76 lakh crore and generated production and sales exceeding ₹16.5 lakh crore. This, in turn, has created over 12 lakh direct and indirect jobs as of March 2025. So far, a cumulative incentive of ₹21,534 crore has been disbursed under the scheme across 12 sectors including large-scale electronics manufacturing, IT hardware, bulk drugs, medical devices, pharmaceuticals, telecom and networking products, food processing, white goods, automobiles and auto components, specialty steel, textiles, and drones and drone components.

    The impact of the scheme has been significant in driving domestic manufacturing, creating employment, increasing exports, and fostering innovation. In the pharmaceutical drugs sector, the scheme has generated cumulative sales worth ₹2.66 lakh crore, including ₹1.70 lakh crore in exports within the first three years. In FY 2024-25 alone, eligible product exports stood at ₹67,000 crore—around 27 per cent of the country’s total pharma exports. Notably, 40 percent of the total investment in the sector, amounting to ₹15,102 crore, has been directed towards research and development. As of March 2025, the domestic value addition in the pharmaceutical sector stood at an impressive 83.7 per cent.

    In the bulk drugs sector, the PLI Scheme has played a transformative role by enabling India to become a net exporter of bulk drugs, with exports worth ₹2,280 crore in FY 2024-25, a reversal from the net import position of ₹1,930 crore in FY 2021-22. This shift has significantly reduced the gap between domestic manufacturing capacity and the demand for critical drugs.

    The food processing sector has also seen strong results, reporting investments worth ₹9,032 crore, which have resulted in production and sales of ₹3,80,350 crore and generated employment for 3,40,116 people. The scheme has encouraged the use of domestically grown agricultural products, thereby benefiting rural and underdeveloped areas and supporting farmers’ incomes. A majority of the beneficiaries are MSMEs, with 70 MSMEs directly enrolled and 40 more serving as contract manufacturers for larger firms. The value-added marine product segment has seen sales grow at a CAGR of 22 per cent during the PLI period. Additionally, the launch of the PLI Millet Scheme has led to a 25-fold increase in the sales of millet-based products in FY 2024-25 compared to the base year of FY 2020-21. Millet procurement by PLI beneficiaries increased from 4,081 metric tonnes in 2022-23 to 16,130 metric tonnes in 2024-25, boosting rural household incomes.

    In the textiles sector, exports of Indian man-made fibre (MMF) textiles reached US$ 6 billion in FY 2024-25, up from US$ 5.7 billion in the previous fiscal year. Exports of technical textiles also increased significantly, rising to US$ 3,356.5 million in FY 2024-25 from US$ 2,986.6 million in FY 2023-24.

    June 25, 2025

  • MIL-OSI: China Medical System Holdings Limited: Proposed Secondary Listing on the Singapore Exchange

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, CHINA, June 25, 2025 (GLOBE NEWSWIRE) — The board of directors of China Medical System Holdings Limited (the “Company”, together with its subsidiaries, the “Group”) announces the proposed secondary listing of the Company’s ordinary shares (“Shares”) on the Singapore Exchange Securities Trading Limited (the “SGX-ST”) by way of introduction (the “Proposed Secondary Listing”). The Proposed Secondary Listing, if proceeded, will not involve issuance of new shares, and the Shares will continue to be primarily listed and traded on the Hong Kong Stock Exchange thereafter.

    The Company has submitted, on a confidential basis, an application to the SGX-ST in relation to the Proposed Secondary Listing. As of the date of this announcement, the Company has not received the eligibility-to-list letter (“ETL”) from the SGX-ST in respect of the Proposed Secondary Listing.

    On June 24, 2025, the Company received the Notice of Overseas Issuance and Listing Filing from the China Securities Regulatory Commission (the “CSRC”) in respect of the Proposed Secondary Listing. 

    The Directors believe that upon completion of the proposed secondary listing on the SGX-ST, the Group will be able to attract funds focusing on Asia-Pacific investments and local capital in Southeast Asia, thereby optimizing the shareholder structure. At the same time, it will also have a more profound impact on the Group’s business development in Southeast Asia and the Middle East. The Group has established Singapore as its regional headquarters for its Southeast Asia and Middle East business, and has set up companies in Singapore covering the entire pharmaceutical value chain of R&D, manufacturing, commercialization and investment, including CMS R&D as the international independent R&D company, PharmaGend as the pharmaceutical manufacturing CMO/CDMO company, Rxilient as the pharmaceutical development, registration and commercialization company, and Singapore Venture Capital as the industrial investment company. These companies work together to provide Southeast Asian patients with more high-quality and affordable treatment options, contribute to the development of the pharmaceutical industry chain in Southeast Asia, enhance the Group’s global reputation and market position, promote the implementation of the Group’s “Glocalization” strategy, and bring additional growth to the Group.

    The Company will make further announcements with respect to the Proposed Secondary Listing as and when necessary in compliance with the applicable laws and regulations.

    The Proposed Secondary Listing is subject to the SGX-ST granting an ETL and the fulfilment of any conditions set out in the ETL. As such, there is no assurance that the Proposed Secondary Listing will proceed to completion. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

    About CMS
    CMS is a platform company linking pharmaceutical innovation and commercialization with strong product lifecycle management capability, dedicated to providing competitive products and services to meet unmet medical needs.

    CMS focuses on the global first-in-class (FIC) and best-in-class (BIC) innovative products, and efficiently promotes the clinical research, development and commercialization of innovative products, enabling the continuous transformation of scientific research into clinical practices to benefit patients.

    CMS deeply engages in several specialty therapeutic fields, and has developed proven commercialization capabilities, extensive networks and expert resources, resulting in leading academic and market positions for its major marketed products. CMS continues to promote the in-depth development of its advantageous specialty fields and expand business boundaries. While strengthening the competitiveness of the cardio-cerebrovascular/gastroenterology business, CMS independently operates its skin health and ophthalmology businesses, aiming to gain leading positions in specialty therapeutic fields, whilst enhancing the scale and efficiency. At the same time, CMS has expanded its business territory to the Southeast Asian market, striving to become a “bridgehead” for global pharmaceutical companies to enter the Southeast Asian market, further escorting the sustainable and healthy development of the Group.

    CMS Disclaimer and Forward-Looking Statements
    This press release is not intended to promote any products to you and is not for advertising purposes. This press release does not recommend any drugs, medical devices and/or indications. If you want to know more about the diagnosis and treatment of specific diseases, please follow the opinions or guidance of your doctor or other medical and health professionals. Any treatment-related decisions made by healthcare professionals should be based on the patient’s specific circumstances and in accordance with the drug package insert.

    This press release which has been prepared by CMS does not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or be relied on in connection with any contract or binding commitment whatsoever. This press release has been prepared by CMS based on information and data which it considers reliable, but CMS makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this press release. Certain matters discussed in this press release may contain statements regarding the Group’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. Any forward-looking statements and projections made by third parties included in this press release are not adopted by the Group and the Company is not responsible for such third-party statements and projections.

    Media Contact

    Brand: China Medical System Holdings Ltd.

    Contact: CMS Investor Relations

    Email: ir@cms.net.cn

    Website: https://web.cms.net.cn/en/home/

    Source: China Medical System Holdings Ltd.

    The MIL Network –

    June 25, 2025

  • PM Modi’s space reforms mark a key turning point, sector may hit $40B in 10 years: Jitendra Singh

    Source: Government of India

    Source: Government of India (4)

    Union Minister Jitendra Singh on Wednesday hailed Prime Minister Narendra Modi’s decision to open up the space sector to private players as a “turning point” that sparked a “miraculous” transformation. He projected that the sector could grow to USD 40–45 billion in a decade, and added that experiments conducted by astronaut Group Captain Shubhanshu Shukla during the Axiom-4 mission will help prepare for future Indian space missions, including Chandrayaan-4 and the Bharat Space Station, planned for 2035.

    Singh noted that one of the biggest milestones in India’s space programme came when the private sector was allowed to participate. “I think one of the greatest turning points in India’s space journey has been PM Modi’s path-breaking decision to allow the private sector to step in. The change has been miraculous. The transformation in the last 4–5 years — there are thousands of crores of investments happening from the private sector,” he told ANI.

    Singh further said that India’s space sector is set for rapid growth in the coming years. “Our future projections indicate that in about 8–10 years, we might grow 4–5 times, reaching about USD 40–45 billion. Opening up the space sector to the private sector was a very courageous decision, which could have been taken only by a political dispensation with tremendous conviction and willpower,” the Union minister said.

    Referring to India’s growing ambitions in space exploration, Singh said the recent Axiom Mission 4 would provide valuable experience for future Indian missions.

    “I think it will also be a good experience for future missions. This, coupled with Chandrayaan-4 and missions like the Bharat Space Station, which we plan to have by 2035, and for long-duration stays in space or microgravity conditions — what arrangements need to be put in place will also be learned through the experiments conducted by Shubhanshu,” Singh said.

    Earlier today, Prime Minister Narendra Modi also hailed the successful launch of the Axiom Mission 4, stating that Group Captain Shubhanshu Shukla carries the wishes, hopes, and aspirations of 1.4 billion Indian citizens.

    “We welcome the successful launch of the Space Mission carrying astronauts from India, Hungary, Poland, and the US. The Indian astronaut, Group Captain Shubhanshu Shukla, is on his way to becoming the first Indian to go to the International Space Station. He carries with him the wishes, hopes, and aspirations of 1.4 billion Indians. Wish him and the other astronauts all the success!” PM Modi posted on X.

    Following the successful lift-off of Axiom Mission 4, Singh also saif on X that India’s rise to the status of a “Viksit Bharat” had begun through its space exploration.

    “Congratulations, Group Captain Shubhanshu Shukla — you are the first Indian astronaut to embark on a mission to the International Space Station. Indeed, a proud moment for India! ISRO’s growing global collaborations, after the reforms introduced by the government headed by PM Narendra Modi, have placed India at the forefront of space exploration,” Singh wrote.

    He added that Group Captain Shubhanshu Shukla would carry out seven important experiments designed by Indian institutes. The minister also took the opportunity to remember and honour the visionaries behind India’s space ambitions, Vikram Sarabhai and Satish Dhawan.

    The Axiom Mission 4 was launched aboard a SpaceX Dragon spacecraft from Launch Complex 39A at NASA’s Kennedy Space Center in Florida at 2:31 am Eastern Time (noon IST). 

    ANI

    June 25, 2025

  • Sensex, Nifty rise for 2nd day as geopolitical tensions ease, oil prices fall

    Source: Government of India

    Source: Government of India (4)

    Indian stock markets extended their gains for the second straight day on Wednesday, supported by strong buying in media and technology shares.

    Investors were relieved after crude oil prices dropped and tensions between Iran and Israel eased following a ceasefire.

    The Sensex closed 700.4 points higher at 82,755.51, gaining 0.85 per cent. The Nifty also rose by 200.40 points to settle at 25,244.75, up 0.8 per cent.

    Titan Company, M&M, Infosys, Power Grid, TCS and Bharti Airtel emerged as the top gainers on the Sensex, with gains of up to 3.6 per cent.

    On the other hand, BEL, Kotak Mahindra Bank and Axis Bank were the major laggards, falling as much as 3 per cent.

    The broader markets saw a positive trend as well. The Nifty MidCap index gained 0.44 per cent, while the Nifty SmallCap index jumped 1.5 per cent.

    Among sectoral indices, Nifty Media was the top performer with a 1.99 per cent rise, followed by Nifty IT which went up 1.64 per cent, and Nifty Consumer Durables which gained 1.43 per cent.

    Market sentiment improved due to the drop in oil prices and reduced geopolitical risk, which helped boost risk appetite among investors.

    Analysts believe that these developments have brought temporary relief to the markets, despite continued selling by foreign investors.

    Vinod Nair of Geojit Financial Services, said that the easing of tensions in the Middle East and the softening of crude oil prices have played a key role in the market’s recovery.

    “Indian equity markets have staged a recovery, supported by easing geopolitical tensions in the Middle East and a moderation in crude oil prices,” Nair stated.

    He added that domestically, a favourable monsoon forecast, and moderating inflation are further underpinning the optimism.

    Meanwhile, the Indian Rupee traded flat near 86.10 after a sharp rally of over 0.75 seen in the previous session, taking a breather within a narrow range of 86.00-86.15.

    “Market participants are now eyeing upcoming triggers from the US, including the PCE Price Index and GDP data later this week. The Rupee is expected to trade in a range of 85.70 to 86.25,” Jateen Trivedi of LKP Securities mentioned.

    (IANS)

    June 25, 2025

  • Cabinet approves revised Jharia Master Plan with ₹5,940 crore financial outlay

    Source: Government of India

    Source: Government of India (4)

    The Cabinet Committee on Economic Affairs on Wednesday approved the Revised Jharia Master Plan (JMP), aimed at tackling long-standing issues of fire, land subsidence, and the rehabilitation of affected families in the Jharia Coalfield. The total financial outlay for this revised plan is ₹5,940.47 crore.

    The revised JMP adopts a phased approach to address fire and subsidence and rehabilitate affected families on a priority basis, starting with the most vulnerable sites. A strong emphasis is placed on sustainable livelihood generation to support resettled communities, ensuring they are not only housed but also economically empowered.

    As part of the rehabilitation strategy, skill development programmes will be introduced to enhance the employability of those displaced. Additionally, rehabilitated families—both Legal Title Holders (LTH) and Non-Legal Title Holders (Non-LTH)—will receive a Livelihood Grant of ₹1 lakh and will have access to credit support of up to ₹3 lakh through an institutional credit pipeline.

    The plan also includes the development of robust infrastructure and amenities at all resettlement sites, including roads, electricity, water supply, sewerage, schools, hospitals, skill-development centres, and community halls. These provisions will be implemented according to the recommendations of the Committee for Implementation of the Revised Jharia Master Plan, ensuring a holistic and humane approach to rehabilitation.

    Furthermore, a Jharia Alternative Livelihoods Rehabilitation Fund will be set up to support livelihood-related activities, and skill-development initiatives will be conducted in collaboration with Multi-Skill Development Institutes in the region. These measures aim to promote self-reliance and sustainable income-generation opportunities for all displaced families, making the Revised JMP a significant step toward long-term socioeconomic progress.

    June 25, 2025

  • MIL-OSI USA: NASA to Welcome Fourth Private Astronaut Mission to Space Station

    Source: NASA

    As part of NASA’s efforts to expand access to space, four private astronauts are in orbit following the successful launch of the fourth all private astronaut mission to the International Space Station.
    A SpaceX Dragon spacecraft lifted off at 2:31 a.m. EDT Wednesday from Launch Complex 39A at NASA’s Kennedy Space Center in Florida, carrying Axiom Mission 4 crew members Peggy Whitson, former NASA astronaut and director of human spaceflight at Axiom Space as commander, ISRO (Indian Space Research Organisation) astronaut and pilot Shubhanshu Shukla, and mission specialists ESA (European Space Agency) project astronaut Sławosz Uznański-Wiśniewski of Poland and HUNOR (Hungarian to Orbit) astronaut Tibor Kapu of Hungary.
    “Congratulations to Axiom Space and SpaceX on a successful launch,” said NASA acting Administrator Janet Petro. “Under President Donald Trump’s leadership, America has expanded international participation and commercial capabilities in low Earth orbit. U.S. industry is enabling astronauts from India, Poland, and Hungary to return to space for the first time in over forty years. It’s a powerful example of American leadership bringing nations together in pursuit of science, discovery, and opportunity.”
    A collaboration between NASA and ISRO allowed Axiom Mission 4 to deliver on a commitment highlighted by President Trump and Indian Prime Minister Narendra Modi to send the first ISRO astronaut to the station. The space agencies are participating in five joint science investigations and two in-orbit science, technology, engineering, and mathematics demonstrations. NASA and ISRO have a long-standing relationship built on a shared vision to advance scientific knowledge and expand space collaboration.
    This mission serves as an example of the success derived from collaboration between NASA’s international partners and American commercial space companies.
    Live coverage of the spacecraft’s arrival will begin at 5 a.m., Thursday, June 26, on NASA+. Learn how to watch NASA content through a variety of platforms, including social media.
    The spacecraft is scheduled to autonomously dock at approximately 7 a.m. to the space-facing port of the space station’s Harmony module.
    Once aboard the station, Expedition 73 crew members, including NASA astronauts, Nicole Ayers, Anne McClain, and Jonny Kim, JAXA (Japan Aerospace Exploration Agency) astronaut Takuya Onishi, and Roscosmos cosmonauts Kirill Peskov, Sergey Ryzhikov, and Alexey Zubritsky will welcome the astronauts.
    The crew is scheduled to remain at the space station, conducting microgravity research, educational outreach, and commercial activities for about two weeks before a return to Earth and splashdown off the coast of California.
    The International Space Station is a springboard for developing a low Earth economy. NASA’s goal is to achieve a strong economy off the Earth where the agency can purchase services as one of many customers to meet its science and research objectives in microgravity. NASA’s commercial strategy for low Earth orbit provides the government with reliable and safe services at a lower cost, empowers U.S. industry, and enables the agency to focus on Artemis missions to the Moon in preparation for Mars while also continuing to use low Earth orbit as a training and proving ground for those deep space missions.
    Learn more about NASA’s commercial space strategy at:
    https://www.nasa.gov/commercial-space
    -end-
    Josh FinchHeadquarters, Washington202-358-1100joshua.a.finch@nasa.gov
    Anna SchneiderJohnson Space Center, Houston281-483-5111anna.c.schneider@nasa.gov

    MIL OSI USA News –

    June 25, 2025

  • MIL-OSI: Bitget Powers India Blockchain Tour in Hyderabad, Ahmedabad and Mumbai

    Source: GlobeNewswire (MIL-OSI)

    NEW DELHI, June 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has joined the 2025 edition of the India Blockchain Tour (IBT) as the exclusive “Powered by” partner for the Hyderabad, Ahmedabad, and Mumbai chapters. The collaboration brings a sharper focus to blockchain education and real-world applications across three major cities through curated networking and knowledge-sharing events in the second half of the year.

    Organized by Octaloop, IBT 2025 will span eight cities and feature key voices across policy, investment, development, and product. Hyderabad (June 28), Ahmedabad (July 13), and Mumbai (August 3) will serve as the core cities supported by Bitget, with each stop designed to bring together a local mix of talent and curiosity. Interactive sessions, product showcases, and discussion forums will create an accessible entry point into blockchain technology and digital assets, particularly for students, developers, and working professionals.

    “India is a key market for us. Whether it’s working with regulators or engaging directly with blockchain developers, we’re actively building here. As one of the top global exchanges, we see this tour as an opportunity to meet people on the ground and strengthen the trust that drives long-term growth,” said Jyotsna Hirdyani, Head of South Asia at Bitget.

    This multi-city roadshow marks a return to on-ground activation for Bitget in India, building on the success of its 2023 “India Learns Crypto” initiative. That campaign launched with packed meetups in Delhi and Mumbai, drawing hundreds of attendees and leading to sustained community interest in educational forums. The Delhi session alone brought together over 140 participants, while the Mumbai event hosted over 300. Featuring a blend of speaker panels, partner collaborations, and open Q&A, the series gained traction as a trusted forum for blockchain learning.

    India’s role in the global crypto and blockchain landscape continues to expand—marked by growing developer activity, rising user interest in self-custody and DeFi, and increasingly visible local startup innovation. The tour provides a natural format to channel this momentum into more structured learning and collaboration, while offering platforms for emerging voices and projects to gain visibility.

    The choice of Hyderabad, Ahmedabad, and Mumbai reflects a broader pattern in India’s web3 evolution. These cities are known for their concentration of technical universities, strong fintech ecosystems, and a rising number of first-time blockchain users. Engaging them through direct, city-level programming allows for a sharper local pulse—one that online campaigns often miss.

    As the tour continues across India through the end of the year, Bitget’s participation aims to serve as a touchpoint for those seeking practical exposure to blockchain—beyond market cycles. With a focus on accessibility and relevance, the collaboration intends to build tangible outcomes for the people who will shape India’s next wave of digital innovation.

    To join us on the tour, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

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

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

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2825994b-e83a-4a7f-9249-25191557f84a

    The MIL Network –

    June 25, 2025

  • MIL-OSI: Bitget Powers India Blockchain Tour in Hyderabad, Ahmedabad and Mumbai

    Source: GlobeNewswire (MIL-OSI)

    NEW DELHI, June 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has joined the 2025 edition of the India Blockchain Tour (IBT) as the exclusive “Powered by” partner for the Hyderabad, Ahmedabad, and Mumbai chapters. The collaboration brings a sharper focus to blockchain education and real-world applications across three major cities through curated networking and knowledge-sharing events in the second half of the year.

    Organized by Octaloop, IBT 2025 will span eight cities and feature key voices across policy, investment, development, and product. Hyderabad (June 28), Ahmedabad (July 13), and Mumbai (August 3) will serve as the core cities supported by Bitget, with each stop designed to bring together a local mix of talent and curiosity. Interactive sessions, product showcases, and discussion forums will create an accessible entry point into blockchain technology and digital assets, particularly for students, developers, and working professionals.

    “India is a key market for us. Whether it’s working with regulators or engaging directly with blockchain developers, we’re actively building here. As one of the top global exchanges, we see this tour as an opportunity to meet people on the ground and strengthen the trust that drives long-term growth,” said Jyotsna Hirdyani, Head of South Asia at Bitget.

    This multi-city roadshow marks a return to on-ground activation for Bitget in India, building on the success of its 2023 “India Learns Crypto” initiative. That campaign launched with packed meetups in Delhi and Mumbai, drawing hundreds of attendees and leading to sustained community interest in educational forums. The Delhi session alone brought together over 140 participants, while the Mumbai event hosted over 300. Featuring a blend of speaker panels, partner collaborations, and open Q&A, the series gained traction as a trusted forum for blockchain learning.

    India’s role in the global crypto and blockchain landscape continues to expand—marked by growing developer activity, rising user interest in self-custody and DeFi, and increasingly visible local startup innovation. The tour provides a natural format to channel this momentum into more structured learning and collaboration, while offering platforms for emerging voices and projects to gain visibility.

    The choice of Hyderabad, Ahmedabad, and Mumbai reflects a broader pattern in India’s web3 evolution. These cities are known for their concentration of technical universities, strong fintech ecosystems, and a rising number of first-time blockchain users. Engaging them through direct, city-level programming allows for a sharper local pulse—one that online campaigns often miss.

    As the tour continues across India through the end of the year, Bitget’s participation aims to serve as a touchpoint for those seeking practical exposure to blockchain—beyond market cycles. With a focus on accessibility and relevance, the collaboration intends to build tangible outcomes for the people who will shape India’s next wave of digital innovation.

    To join us on the tour, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

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

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

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2825994b-e83a-4a7f-9249-25191557f84a

    The MIL Network –

    June 25, 2025

  • Cabinet approves Pune Metro Phase-2 expansion to boost urban connectivity

    Source: Government of India

    Source: Government of India (4)

    The Union Cabinet on Wednesday approved Phase-2 of the Pune Metro Rail Project, which includes two new corridors: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B). These corridors are extensions of the existing Vanaz–Ramwadi line developed under Phase-1.

    The two elevated corridors will together span 12.75 km, incorporating 13 stations and connecting rapidly developing suburban areas such as Chandani Chowk, Bavdhan, Kothrud, Kharadi, and Wagholi. The project is expected to be completed within four years.

    With an estimated cost of Rs. 3,626.24 crore, the project will be jointly funded by the Government of India, the Government of Maharashtra, and external bilateral/multilateral agencies. It aligns with Pune’s Comprehensive Mobility Plan (CMP), aiming to create a continuous Chandani Chowk to Wagholi east-west metro corridor and strengthen mass transit options in the city.

    Once completed, the new corridors will serve major IT hubs, business zones, educational institutions, and residential neighborhoods, significantly improving public transport accessibility and increasing overall metro ridership. Integration at the District Court Interchange Station with Line-1 (Nigdi–Katraj) and Line-3 (Hinjewadi–District Court) will offer seamless multimodal travel across the Pune metropolitan area.

    The long-term vision for Pune’s urban transport also includes the integration of intercity bus services. Passengers arriving from cities such as Mumbai and Bengaluru will be able to connect through Chandani Chowk, while those coming from Ahilya Nagar and Chhatrapati Sambhaji Nagar will find convenient links at Wagholi. This is expected to reduce congestion on major city roads like Paud Road and Nagar Road, offering citizens safer, faster, and greener travel options.

    Projected incremental daily ridership for the expanded Line-2 corridor is estimated at 0.96 lakh in 2027, rising to 2.01 lakh by 2037, 2.87 lakh by 2047, and 3.49 lakh by 2057.

    The project will be executed by Maharashtra Metro Rail Corporation Limited (Maha-Metro), which is responsible for all civil and electro-mechanical work. Pre-construction activities such as topographical surveys and detailed design consultations have already begun.

    June 25, 2025

  • Russia says it is too early to assess US bomb damage to Iranian nuclear facilities

    Source: Government of India

    Source: Government of India (4)

    The Kremlin said on Wednesday that it thought it was too early for anyone to have an accurate picture of the extent of damage inflicted on Iran’s nuclear facilities by U.S. bombing last weekend.

    Asked if Russia had its own information on the degree of damage, Kremlin spokesman Dmitry Peskov said: “No. I don’t think that anyone can have realistic data now. It’s probably too early, we need to wait until such data appears.”

    U.S. President Donald Trump said at the weekend that the strikes had “obliterated” Iran’s nuclear facilities.

    However, three sources with knowledge of the matter told Reuters that a preliminary U.S. intelligence assessment had determined that the attacks had set back Tehran’s programme by only a matter of months.

    Russia has condemned the strikes on Iran, with which it signed a strategic cooperation agreement in January, as illegal, unjustified and unprovoked.

    Peskov said Russia had indications that there were open communications channels between Washington and Tehran, adding that Moscow was closely monitoring developments and still talking to Iran itself.

    -Reuters

    June 25, 2025

  • PM Modi’s decision to open space sector “greatest turning point”, industry could grow to over $40 billion in decade: Jitendra Singh

    Source: Government of India

    Source: Government of India (4)

    Union Minister Jitendra Singh on Wednesday hailed Prime Minister Narendra Modi’s decision to open up the space sector to private players as a “turning point” that sparked a “miraculous” transformation. He projected that the sector could grow to USD 40–45 billion in a decade, and added that experiments conducted by astronaut Group Captain Shubhanshu Shukla during the Axiom-4 mission will help prepare for future Indian space missions, including Chandrayaan-4 and the Bharat Space Station, planned for 2035.

    Singh noted that one of the biggest milestones in India’s space programme came when the private sector was allowed to participate. “I think one of the greatest turning points in India’s space journey has been PM Modi’s path-breaking decision to allow the private sector to step in. The change has been miraculous. The transformation in the last 4–5 years — there are thousands of crores of investments happening from the private sector,” he told ANI.

    Singh further said that India’s space sector is set for rapid growth in the coming years. “Our future projections indicate that in about 8–10 years, we might grow 4–5 times, reaching about USD 40–45 billion. Opening up the space sector to the private sector was a very courageous decision, which could have been taken only by a political dispensation with tremendous conviction and willpower,” the Union minister said.

    Referring to India’s growing ambitions in space exploration, Singh said the recent Axiom Mission 4 would provide valuable experience for future Indian missions.

    “I think it will also be a good experience for future missions. This, coupled with Chandrayaan-4 and missions like the Bharat Space Station, which we plan to have by 2035, and for long-duration stays in space or microgravity conditions — what arrangements need to be put in place will also be learned through the experiments conducted by Shubhanshu,” Singh said.

    Earlier today, Prime Minister Narendra Modi also hailed the successful launch of the Axiom Mission 4, stating that Group Captain Shubhanshu Shukla carries the wishes, hopes, and aspirations of 1.4 billion Indian citizens.

    “We welcome the successful launch of the Space Mission carrying astronauts from India, Hungary, Poland, and the US. The Indian astronaut, Group Captain Shubhanshu Shukla, is on his way to becoming the first Indian to go to the International Space Station. He carries with him the wishes, hopes, and aspirations of 1.4 billion Indians. Wish him and the other astronauts all the success!” PM Modi posted on X.

    Following the successful lift-off of Axiom Mission 4, Singh also saif on X that India’s rise to the status of a “Viksit Bharat” had begun through its space exploration.

    “Congratulations, Group Captain Shubhanshu Shukla — you are the first Indian astronaut to embark on a mission to the International Space Station. Indeed, a proud moment for India! ISRO’s growing global collaborations, after the reforms introduced by the government headed by PM Narendra Modi, have placed India at the forefront of space exploration,” Singh wrote.

    He added that Group Captain Shubhanshu Shukla would carry out seven important experiments designed by Indian institutes. The minister also took the opportunity to remember and honour the visionaries behind India’s space ambitions, Vikram Sarabhai and Satish Dhawan.

    The Axiom Mission 4 was launched aboard a SpaceX Dragon spacecraft from Launch Complex 39A at NASA’s Kennedy Space Center in Florida at 2:31 am Eastern Time (noon IST). 

    ANI

    June 25, 2025

  • IMD predicts heavy rainfall across India till July 1

    Source: Government of India

    Source: Government of India (4)

    The India Meteorological Department (IMD) on Wednesday predicted heavy to very heavy rainfall across many parts of northwest, central, east, and northeast India over the next seven days, with isolated instances of extremely heavy rainfall expected over Gujarat and Odisha.

    The southwest monsoon has further advanced into the remaining parts of the north Arabian Sea and extended into additional areas of Rajasthan, West Uttar Pradesh, Haryana, and Punjab. According to the IMD, conditions remain favourable for further advancement of the monsoon into more parts of Rajasthan, Punjab, Haryana, Delhi, and the rest of West Uttar Pradesh within the next 24 hours.

    Extremely heavy rainfall, exceeding 20 cm in 24 hours, is likely to occur at isolated locations in Gujarat and Odisha on June 25. Very heavy rainfall is also anticipated in several regions, including Konkan and Goa, the ghat areas of Madhya Maharashtra and Tamil Nadu, East and West Rajasthan, Uttarakhand, Himachal Pradesh, Haryana, Punjab, Madhya Pradesh, Coastal and Interior Karnataka, Kerala, West Uttar Pradesh, Jammu and Kashmir, Sub-Himalayan West Bengal and Sikkim, Bihar, Jharkhand, and parts of East Uttar Pradesh.

    This sustained rainfall activity is expected to continue until at least July 1, bringing both relief to parched regions and concerns over potential flooding and waterlogging in vulnerable areas.

    June 25, 2025

  • Delhi to witness rain, cloudy skies till June 28: IMD

    Source: Government of India

    Source: Government of India (4)

    The southwest monsoon has made further progress on Wednesday, advancing over the remaining parts of the north Arabian Sea and into additional areas of Rajasthan, West Uttar Pradesh, Haryana, and Punjab. The India Meteorological Department (IMD) has indicated that conditions are favourable for its further advance into more parts of Rajasthan, Punjab, Haryana, Delhi, and the remaining regions of West Uttar Pradesh within the next 24 hours.

    As Delhi-NCR brace for the monsoon’s full arrival, the weather forecast from June 25 to 28 predicts predominantly cloudy skies with varying intensities of rain, thunderstorms, and gusty winds.

    On June 25, Delhi is expected to experience light to moderate rain accompanied by thunderstorms and lightning, with gusty winds reaching 30 to 40 kmph. Daytime temperatures are likely to remain between 33°C and 35°C, which is 2 to 4 degrees below normal for this time of year.

    The cooling trend will continue through June 26, with very light to light rainfall and thunderstorms expected. Minimum temperatures will range between 26°C and 28°C, dipping 1 to 2 degrees below normal, while maximum temperatures will remain in the 33°C to 35°C range. Winds will predominantly blow from the southeast, with speeds varying between 15 to 25 kmph.

    Similar weather conditions are forecast for June 27, with light rain and thunderstorms persisting. Temperatures are expected to remain consistent, with the mercury ranging from 26°C to 28°C at night and 33°C to 35°C during the day. Winds will shift in direction throughout the day, starting from the east and moving to the southeast and northeast by evening, with generally low wind speeds.

    On June 28, Delhi is likely to experience very light to light rain accompanied by thunderstorms and lightning. Temperatures are expected to dip further, with highs between 32°C and 34°C and lows between 25°C and 27°C. Both maximum and minimum temperatures are forecast to remain below normal by 3 to 5 degrees and 1 to 3 degrees, respectively. Winds will be light and variable, predominantly from the northwest throughout the day.

    The continued advance of the monsoon and the accompanying rainfall will provide much-needed relief from the summer heat while keeping temperatures below seasonal norms across the national capital region.

    June 25, 2025

  • Cabinet approves establishment of International Potato Centre’s South Asia Regional Centre in Agra

    Source: Government of India

    Source: Government of India (4)

    The Union Cabinet on Wednesday approved a proposal from the Department of Agriculture & Farmers Welfare to establish the South Asia Regional Centre (CSARC) of the International Potato Centre (CIP) in Agra, Uttar Pradesh.

    This significant move aims to enhance food and nutritional security, boost farmers’ incomes, and create employment opportunities through improved potato and sweet potato productivity, better post-harvest management, and value addition. The upcoming centre will be located in Singna, Agra, and is expected to play a transformative role in the potato sector.

    India’s potato industry holds substantial potential to generate jobs across various segments, including production, processing, packaging, transportation, marketing, and the broader agricultural value chain. Recognizing this opportunity, the new CSARC will serve as a hub for advanced research and innovation tailored to the needs of South Asia.

    The centre will focus on developing high-yielding, climate-resilient, and nutrient-rich varieties of potato and sweet potato. These innovations are expected to significantly contribute to sustainable agricultural development, not only within India but across the broader South Asian region.

    June 25, 2025

  • MIL-OSI Asia-Pac: Post-secondary edu reform passed

    Source: Hong Kong Information Services

    The Government welcomed the passage of the Post Secondary Colleges (Amendment) Bill 2025 by the Legislative Council today, which aims to enhance the regulatory and quality assurance mechanisms of self-financing post-secondary institutions.

     

    The goal of the bill is to facilitate the healthy and sustainable development of the self-financing post-secondary education sector.

     

    The bill, which amends the Post Secondary Colleges Ordinance, reforms the regulatory regime for the self-financing post-secondary education sector to improve governance, ensuring the quality, transparency and accountability of self-financing institutions, the Government explained.

     

    In addition, the bill suitably removes barriers, including rationalising the arrangements for self-financing institutions to award degrees, and enhance efficiency and effectiveness. Furthermore, it forges a unified regulatory framework to promote coherence in quality assurance, governance, positioning and overall co-ordination.

     

    Secretary for Education Choi Yuk-lin said that the passage of the bill signifies an important milestone for the development of the self-financing sector.

     

    “We envisage that the enhanced regulatory framework can further support the capacity expansion and quality enhancement of the self-financing sector, with a view to harnessing its advantages in terms of flexibility and diversity to cultivate talent for the country and Hong Kong, and make more proactive contributions towards Hong Kong’s development into an international post-secondary education hub and building China into a leading country in education.”

     

    The Post Secondary Colleges (Amendment) Ordinance 2025 will be published in the Government Gazette on July 4. For relevant institutions that are not currently registered under the Post Secondary Colleges Ordinance, there will be a transitional period of around three years, until July 31, 2028, for them to complete the registration procedures.

     

    The Education Bureau, in collaboration with the Hong Kong Council for Accreditation of Academic & Vocational Qualifications, will maintain close liaison with self-financing institutions to ensure the smooth implementation of the enhanced regulatory framework and transitional arrangements.

    MIL OSI Asia Pacific News –

    June 25, 2025

  • Nations act only in pursuit of their own interests not based on idealism, morality or international solidarity: VP recalls Savarkar

    Source: Government of India

    Source: Government of India (2)

    lign=”center”>Strengthening Bharat is the governing philosophy and resolve of the government today-VP
    Amid perpetual decline of global multilateralism, VP advocates that India give up romanticism and focus on economic growth
    Those who take a stand for momentary situations are not in the psych or groove of Bharat-VP
    Even the Fabian socialists of the 50’s cannot disagree with the direction of the country as we strive to attain-VP
    When we assess the progress of Bharat, our outlook must be very broad, not dictated by isolated incidents-VP

    The Vice-President, Shri Jagdeep Dhankhar today recalling V. D. Savarkar stated that, “ Browsing through the pages of ‘New World: 21st Century Global Order in India’. I felt the imprint of Vinayak Damodar Savarkar in the author’s thought……..Savarkar, despite all the untenable misgivings and untenable misgivings in extremity, remains a celebrated thinker who stood at the wee hours of the post-war order. Savarkar, a staunch realist, believed in a post-war world where nations would act only in pursuit of their own interests not based on idealism, morality or international solidarity. Imagine how prophetic he has been. Look around last fortnight, last three months. All this has been seen by all of us.  He rejected  pacifist or utopian internationalism and emphasized that India must safeguard its sovereignty through strength, not by relying on Western-dominated institutions like the League of Nations or later the United Nations, both ignoring due place to one-sixth of humanity”.

    https://twitter.com/VPIndia/status/1937150170770395176

    Speaking at the launch of the book ‘New World: 21st Century Global Order in India’ by Shri Ram Madhav, Shri Dhankhar highlighted, “Friends, today, strengthening Bharat is the governing philosophy and resolve of this government. It is steadfast, firm, non-negotiable, and notwithstanding the critics — it is spinally strong. The nation has never ever projected its stand so firmly. Let us not be misguided by the distraction — who said what. The government, and India and its people, stand firmly for the nation — nation first and our nationalism….Those who take a stand for momentary situations are not in the psych or groove of Bharat. Once we attain strength inwards, we can shape our strategic environment outwards”.

    “I could not agree more with lamentations of the author Dr. Ram Madhav. He highlights a perpetual decline of global multilateralism and prescribes India to give up romanticism and focus on economic growth”, he added.

    https://twitter.com/VPIndia/status/1937153830573265148

    Underlining the roots of strategic thinking in the nation, he stated, “George Tanham, an American thinker, three decades ago, in a treatise effectively suggested that there is absence of a strategic thinking in India on account of its Hindu philosophical roots and there were takers of it. But with Shri Ram Madhav’s  volume, George Tanhan stands corrected. He couldn’t be more wrong. His analysis is far distanced from the ground reality over the centuries in this country…..The principle ‘Rajadharma’ (or ethical statecraft) and ‘Dharmayudha’ (just war) in Mahabharata; Dhamma diplomacy in Ashokan edicts; and the Mandala Theory of Kautilya are all examples of theorizing strategic environments — all feast to the intellect.These philosophies have ever been relevant, but in our contemporaneous challenging times, these are the need of the global order.”

    https://twitter.com/VPIndia/status/1937153363382297062

    He further underlined, “These are times when we are easily misunderstood. The travesty of it is that when you say these things, hypocritically psychopancy overtakes the traction to denude you of your position by exactly pointing a finger which normally should be pointed towards them. Friends, even the Fabian socialists of the  50s cannot disagree with the direction of the country as we strive to attain. And what do we strive to attain? We are not creating Bharat, it was not born on 15th August 1947. We only got rid of colonial power ‘सर्वे भवन्तु सुखिनः, सर्वे सन्तु निरामयाः’ that is our philosophy. May all beings be happy, may all beings be free from illness.”

    Emphasizing the peace loving nature of Bharat, he stated, “Friends, this country has always stood for global peace and harmony,  never having engaged at any time in its history in expansionism. The contemporaneous global scenario today is alarmingly concerning and also equally worrisome, particularly for peace-loving nations like Bharat….As Bharat achieves universal well-being for all citizens, we become role models for others. We lead by example, not by proclamation. We already lead in areas like digital public infrastructure where global South nations can follow our path. It was the visionary leadership of Prime Minister Modi that during G20 the concerns of Global South could be put on the radar. It happened for the first time. It was for the first time during G20 that African Union was put at par with European Union in the membership of G20. I would call it a game-changing development. And therefore, when we assess the progress of Bharat, our outlook must be very broad, not dictated by isolated incidents.”

    https://twitter.com/VPIndia/status/1937159904042823989

    Urging careful approach, he said, “ Friends, the pathway to Bharat’s rise would require careful trading. There are forces that are determined to make our life difficult. There are forces within the country and outside. These sinister forces, pernicious to our interests, want to strike by dividing us on issues even like language. Which country in the world can take pride of the language richness as Bharat. Look at our classical languages, their number. In parliament, 22 such languages allow and afford opportunity anyone to express in them. It would require many such thinkers to come together and debate and discuss challenges and opportunities and aid policymakers in making right strategic choices. Evolution of policies must take place now with a little more representative character. India’s Think tanks, they are available in various formats, different political parties. It is required that there be convergence…..the political temperature has to come down. There has to be greater dialogue amongst political parties. I firmly believe we have no enemies in the country. We have enemies outside. And some who are enemies within a small fraction, they are rooted to outside forces, inimical to Bharat.”

    June 25, 2025

  • South Korea: Rival parties clash during confirmation hearing for PM nominee

    Source: Government of India

    Source: Government of India (4)

    South Korean rival political parties clashed on Wednesday as they disagreed over the eligibility of Prime Minister nominee Kim Min-seok during the second and final day of his confirmation hearings. 

     

    The main opposition People Power Party demanded the nominee submit evidence to clarify allegations surrounding his wealth and family, while the ruling Democratic Party protested the PPP’s baseless attacks were disrupting a thorough vetting of his abilities.

     

    “The hearing cannot proceed like this,” PPP Rep. Bae June-young, ranking member of the confirmation hearing committee, said, demanding that the nominee submit records of the tax and other payments he claimed to have made the previous day.

     

    Bae also demanded immigration records and a report card proving that Kim did earn a master’s degree at China’s Tsinghua University.

     

    “I will provide what I can and what is necessary,” the nominee answered.

     

    DP Rep. Chai Hyun-il shot back, however, by citing the cases of former prime ministers under PPP-affiliated administrations, such as Han Duck-soo, Hwang Kyo-ahn and Chung Hong-won, saying various documents went unsubmitted during their confirmation hearings.

     

    “Was it an invasion of privacy then but vetting now?” he protested.

     

    The prime minister is the only Cabinet position that requires parliamentary consent for appointment. Other minister nominees undergo the confirmation process, but consent is not necessary for their appointment by the president.

     

    The PPP is unlikely to agree to adopting a report, which is a step in the confirmation process, as it has consistently questioned Kim’s eligibility and demanded his withdrawal.

     

    During the first day of hearings Tuesday, the PPP grilled the nominee over the source of his income amid large differences between his reported wealth and spending, as well as allegations surrounding his son’s college admissions and his own studies at Tsinghua University, Yonhap news agency reported.

     

    The DP defended the nominee while highlighting his professional aptitude to serve in the number 2 government role.

     

    The motion for a prime minister’s confirmation passes by majority approval, with a majority of lawmakers present.

     

    The DP can single-handedly pass Kim’s motion as it currently holds a parliamentary majority with 167 out of 298 seats.

    Kim, a four-term lawmaker of the DP and a former top campaign aide to President Lee Jae Myung, shared his thoughts on some of Lee’s campaign pledges, such as a 4.5-day workweek.

    “The overall direction was proposed, and the execution plans have to be discussed additionally,” he said. “Reducing the number of working days can be considered in line with global trends and human nature.”

    On the pledge to raise the retirement age, Kim said it is a matter requiring comprehensive discussions and social acceptance.

    “If I become prime minister, I think it could be worth commissioning a full-scale study by a state-run think tank,” he said.

    The PPP has called for extending the hearings by a day to better vet the nominee, while the DP has maintained they should be completed on Wednesday before finalising the confirmation next week.

    –IANS

    June 25, 2025
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