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Category: Asia

  • MIL-OSI Economics: Joint Summary of the Visit by H.E. Dr. Kao Kim Hourn, Secretary-General of ASEAN, to the Kingdom of Norway

    Source: ASEAN – Association of SouthEast Asian Nations

    At the invitation of the Government of Norway and on the occasion of the 10th anniversary of ASEAN-Norway Sectoral Dialogue Partnership, H.E. Dr. Kao Kim Hourn, Secretary-General of ASEAN, undertook a working visit to Norway, from 9 to 12 June 2025.
     
    The visit underscored the growing and multifaceted cooperation between ASEAN and Norway since the formalisation of the Sectoral Dialogue Partnership in 2015. It also reflected both sides’ shared commitment to further strengthening cooperation on sustainable ocean management and green transition, trade and investments, as well as on peace and conflict management and human rights.
     
    While in Oslo, the Secretary-General paid a courtesy call on H.E. Jonas Gahr Støre, Prime Minister of Norway. He also held meetings with H.E. Espen Barth Eide, Minister of Foreign Affairs, and with H.E. Cecilie Myrseth, Minister of Trade and Industry. The discussions touched on the deepening of ASEAN-Norway relations, trade and investment, blue economy, regional and global developments, and the importance of ASEAN as a regional consensus builder and a stabilising role in the Indo-Pacific region. The Meetings also emphasised the importance of upholding and strengthening ASEAN Centrality, rules-based international order and the importance of practical cooperation pursued through the ASEAN Outlook on the Indo-Pacific (AOIP).
     
    The Secretary-General also engaged with the ASEAN Inter-Parliamentary Assembly (AIPA) delegation at the Norwegian Parliament, took part in a roundtable discussion at the Norwegian Institute of International Affairs (NUPI), delivered a lecture at the Centre of Geopolitics, and participated in Oslo Forum where he exchanged views with a range of stakeholders on peace, diplomacy, and regional security issues. The Secretary-General and his delegation also visited Bergen where he engaged with Norwegian businesses and institutions related to sustainable ocean management, circular economy and smart cities.
     
    The visit demonstrated the scope and depth of ASEAN-Norway relations over the past decade and reaffirmed both sides’ mutual commitment to further strengthening the partnership. Both sides look forward to the finalisation of the ASEAN-Norway Practical Cooperation Areas (2026-2030) that is ambitious yet practical and implementable, which will serve as a framework for tangible cooperation in the years ahead.
    The post Joint Summary of the Visit by H.E. Dr. Kao Kim Hourn, Secretary-General of ASEAN, to the Kingdom of Norway appeared first on ASEAN Main Portal.

    MIL OSI Economics –

    June 13, 2025

  • PM Modi, world leaders react after Air India plane with 242 on board crashes in Ahmedabad

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi has expressed deep shock over the Air India plane crash in Ahmedabad, describing the incident as “heartbreaking beyond words.”

    “The tragedy in Ahmedabad has stunned and saddened us. It is heartbreaking beyond words. In this sad hour, my thoughts are with everyone affected by it. I have been in touch with ministers and authorities who are working to assist those affected,” PM Modi said in a post on X on Thursday.

    An Air India plane headed to London with 242 people on board crashed minutes after taking off from Sardar Vallabhbhai Patel International Airport in Ahmedabad on Thursday, airline and police officials said.

    The Directorate General of Civil Aviation (DGCA) confirmed that the Boeing 787-8 aircraft, registered as VT-ANB, was operating Flight AI-171 to Gatwick Airport when it went down shortly after departure. The aircraft was carrying 2 pilots, 10 cabin crew members, and 230 passengers.

    Finance Minister Nirmala Sitharaman also expressed her heartfelt condolences following the crash of an Air India aircraft near Ahmedabad Airport, which was carrying 242 people, including crew members.

    “Distressed on hearing about the flight crash in Ahmedabad. My prayers are with all families and friends of those on board the flight,” said Sitharaman.

    Commerce and Industry Minister Piyush Goyal said he was “deeply pained to learn about the plane crash in Ahmedabad.”

    “I convey my deepest condolences to the families of those who have lost their loved ones. We stand firmly with those grieving and pray for the quick recovery of the injured. Om Shanti,” he posted.

    Offering his condolences, UK Prime Minister Keir Starmer said his thoughts were with the passengers and their families.

    “The scenes emerging of a London-bound plane carrying many British nationals crashing in the Indian city of Ahmedabad are devastating,” Starmer wrote on X.
    “I am being kept updated as the situation develops, and my thoughts are with the passengers and their families at this deeply distressing time,” he added.

    British Foreign Minister David Lammy said he was deeply saddened by the news and that the UK was working with Indian authorities.

    “Deeply saddened by news of a devastating plane crash in Ahmedabad, India,” Lammy said on X. “My thoughts are with all those affected. The UK is working with local authorities in India to urgently establish the facts and provide support.”

    Speaking later in the British Parliament, Lammy said the UK had activated a crisis team in both India’s capital, New Delhi, and in London.

    Ukrainian President Volodymyr Zelenskyy also extended his condolences.
    “Horrible news of a passenger plane crash in India. My deepest condolences to Prime Minister @narendramodi and the entire people of India on this tragic day. Our thoughts are with all victims’ relatives and close ones in India, the UK, Portugal, and Canada. We share your shock and grief. We pray for as many lives to be saved as possible and wish a speedy recovery to the injured,” he said in a post on X.

    The Airports Authority of India (AAI) said an operational control room had been activated “to oversee and coordinate all necessary response measures.”

    It also shared emergency contact numbers for assistance and information: the Delhi control room can be reached at 011-24610843 and 9650391859, while the Ahmedabad control room can be contacted at 9978405304 and 079-23251900.

    June 13, 2025

  • MIL-OSI United Kingdom: Strengthening the Economic and Environmental Dimension: UK Statement to the OSCE

    Source: United Kingdom – Executive Government & Departments

    Speech

    Strengthening the Economic and Environmental Dimension: UK Statement to the OSCE

    Ambassador Neil Holland stresses the importance of the Economic and Environmental Dimension of the OSCE as part of its comprehensive approach to security.

    Thank you, Mr Chair.  

    The Second Dimension is vital to the OSCE’s comprehensive security approach. It addresses some of the most pressing challenges to our shared security and prosperity, including climate change, biodiversity loss, serious and organised crime, illicit finance, and the growing issue of irregular migration. This is particularly important given the devastating economic and environmental impact of Russia’s war of aggression on Ukraine.  

    The OSCE is uniquely positioned to assist participating States in tackling these complex issues. To do so we need to fully leverage the tools at our disposal — especially those that support good governance by promoting transparency, combatting illicit finance, and reducing corruption. Our Foreign Secretary’s campaign on illicit finance is a key example of the UK’s efforts to combat corruption and strengthen national security. 

    The UK values the OSCE’s role in addressing security-related environmental concerns, such as water management, energy security, and the impacts of climate change. We are proud to support the OSCE project on strengthening responses to security risks from climate change in Central Asia. We acknowledge the particular vulnerabilities of Central Asian states to climate change and its consequences. To address these challenges, we are funding a regional programme to enhance resilience through regional water and energy cooperation for low-carbon, climate-resilient growth.  

    As Chair of the Security Committee, the UK is prioritising key areas that intersect with the Second Dimension – particularly the financial underpinnings of organised crime which we will deal with in July’s meeting. These crimes cause both direct and indirect harm to our citizens, eroding social cohesion, undermining democratic norms, exacerbating climate change, and impeding economic development. They contribute to instability and conflict and also disproportionately affect women and girls, which is one of the many reasons why the UK supports the OSCE’s emphasis on Women’s economic empowerment.  

    April’s Security Committee meeting focused on the security threats associated with irregular migration, recommending that the OSCE work together with other international organisations, including through field presences, to support States in countering the smuggling of migrants and other challenges. It is clear that the OSCE can and should be doing more on migrant smuggling. We will follow up on this in September when we mark the 20-year anniversary of the Border Security and Management Concept. Later this year, with our Slovenian colleagues, we will also host a joint session of the Security, and Environmental and Economic Committees on protecting critical infrastructure.  

    We will continue to support a strong and effective Second Dimension, including through the EEF cycle. As we approach the Helsinki discussions on organisational functionality a good place to start would be to fulfil the requirements set out by Ministers on holding mandated conferences according to the timetable laid out by them. 

    Thank you Mr Chair.

    Updates to this page

    Published 12 June 2025

    MIL OSI United Kingdom –

    June 12, 2025

  • India’s digital economy expected to contribute one-fifth of national income by 2029-30

    Source: Government of India

    Source: Government of India (4)

    As Prime Minister Narendra Modi marks 11 years in office, India’s digital economy is poised to become a cornerstone of national growth, projected to account for nearly one-fifth of the country’s income by 2029-30. According to the State of India’s Digital Economy Report 2024, India ranks as the third most digitized economy globally and 12th among G20 nations for individual user digitalization, reflecting remarkable progress in digital transformation over the past decade.

    The digital economy, contributing 11.74% of India’s GDP (Rs. 31.64 lakh crore or USD 402 billion) in 2022-23, is growing nearly twice as fast as the overall economy. Employing 14.67 million workers—2.55% of the workforce—it is almost five times more productive than other sectors. Under PM Modi’s leadership, this sector has flourished, driven by digital-enabling industries like ICT services, electronic component manufacturing, and communication equipment, which account for 7.83% of Gross Value Added (GVA). Digital platforms and intermediaries contribute an additional 2% of GVA, while digitalization in traditional sectors such as banking, financial services, insurance (BFSI), retail, and education adds another 2%.

    By 2029-30, the digital economy is expected to outpace agriculture and manufacturing, fueled by rapid adoption of artificial intelligence (AI), cloud services, and the expansion of global capability centers (GCCs). India hosts 55% of the world’s GCCs, which are offshore hubs established by multinational corporations for services like R&D, IT support, and business process management. The growth of digital intermediaries and platforms is anticipated to lead in the short term, with broader digital diffusion across the economy reducing the relative share of ICT industries over time.

    Digital transformation is reshaping traditional sectors unevenly. In BFSI, over 95% of banking payment transactions are digital, but revenue-generating activities like loans and investments remain largely offline. Retail is embracing omni-channel models, with e-tailers adding physical stores and leveraging AI chatbots and digital inventory tools for efficiency. Education is adopting hybrid models combining offline and online learning, while hospitality and logistics are integrating AI, metaverse technologies, and digital tools, though smaller firms lag behind larger ones in full digitalization.

    The digital economy’s growth rate of 17.3% over the past decade surpasses the overall economy’s 11.8%. Digital platforms, in particular, are projected to grow at approximately 30% in the coming years. In 2022-23, the sector employed 14.67 million workers, with 58.07% in digital-enabling industries. Notably, digital platforms are creating job opportunities for women, overcoming barriers related to mobility and safety, though the workforce remains predominantly male.

    June 12, 2025

  • Air India flight with 242 on board crashes near Ahmedabad airport

    Source: Government of India

    Source: Government of India (2)

    n Air India plane crashed near Sardar Vallabhbhai Patel International Airport in Ahmedabad on Thursday,  airline and police officials said. 

    According to Gujarat State Police Control Room, the Air India Flight AI 171 was bound for London.

    The plane was headed to London’s Gatwick airport in the UK, Air India said. 

    “At this moment, we are ascertaining the details and will share further updates,” Air India said on X.

    Thick plumes of smoke were visible at the crash site, and fire tenders were rushed to the spot immediately after the incident.

    Union Home Minister Amit Shah spoke with Gujarat Chief Minister Bhupendra Patel, state Home Minister, and Ahmedabad Police Commissioner regarding the crash. According to ANI, Shah assured full support and assistance from the central government.

    (With inputs from agencies)

    June 12, 2025

  • MIL-OSI New Zealand: Concerns about ongoing Cook Strait ferry issues

    Source: Maritime Union of New Zealand

    The Maritime Union of New Zealand says the Cook Strait ferry service is struggling, with the entire Interislander fleet currently either suffering breakdowns, wave damage or being taken out of service for audit.

    Maritime Union of New Zealand National Secretary Carl Findlay says the vital transport link is hanging by a thread, with ongoing disruption.

    He says the Aratere has once again experienced technical issues, following engine shaft problems in Picton on Wednesday evening that caused several hours of delays. Crew members and passengers had to remain on board before being able to disembark in Wellington.

    Over the previous weekend, Kaiarahi had its bow door damaged in rough seas, which will be welded shut to allow it to continue to operate until a scheduled dry dock in Singapore in July.

    Kaitaki is being pulled from service this weekend for a Maritime NZ audit.

    KiwiRail announced in May 2025 it would remove the rail-enabled Aratere ferry from service in August 2025, and is now seeking to cut 70 jobs for MUNZ members in the deck and catering departments on the Aratere.

    Mr Findlay says the Union had flagged the dangers of removing a key vessel from service, and the current situation showed that KiwiRail needed to rethink their plan.

    He says technical problems with Cook Strait ferries extended to the private operator Strait Shipping, and had their roots in a failure to invest in modern shipping and infrastructure by the Government and private operators.

    Mr Findlay says the cancellation of the iRex project by Finance Minister Nicola Willis was going to cause years of disruption as the iRex ferries would have been entering into service over the next year or two.

    New ferries announced by Minister of Rail Winston Peters are now not expected until at least 2029.

    Share this:

    MIL OSI New Zealand News –

    June 12, 2025

  • MIL-OSI: Nuveen Selects Molecule Software’s ETRM to Scale Renewable Trading Capabilities

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, June 12, 2025 (GLOBE NEWSWIRE) — Molecule Software is today announcing that global investment leader Nuveen, a TIAA company, has selected Molecule’s future-ready ETRM software to accelerate its expanding renewable power trading operations.

    Nuveen, one of the world’s largest asset managers, manages a diverse power trading portfolio across large markets, including the United States, Europe, and Asia. As their renewable power business grows, an agile ETRM platform that can handle the increasing complexities of their portfolio has become a top priority.

    “We have ambitious goals to grow our portfolio,” said Jordi Francesch, MD, Head of Global Asset Management, Clean Energy at Nuveen. “As we scale up our portfolio of energy generation assets, we encounter technical challenges across the different geographies in which we operate and different market risks in those geographies.

    “Therefore, the need to have a state-of-the-art energy trading risk management system that allows for scalability, risk control, and best-in-class management features becomes business critical.”

    Molecule, which has been expanding its footprint in Europe with the addition of a new EU production environment, EU- and UK-based sales, implementation, and support staff, and a growing list of new customers (including Nuveen), was selected for its tech-forward capabilities, ease of use, agility, and ability to handle the complexities of Nuveen’s growing portfolio.

    “We really need to be quite efficient in terms of decision-making and deployment of our strategy,” said Francesch. “We knew that a bulky, complicated ETRM would not help us achieve that goal. Molecule provides a more agile solution that can scale with our business”

    ”We’re so pleased to be working with the fantastic team at Nuveen,” said Sameer Soleja, Founder and CEO at Molecule. “They’re using Molecule as a force multiplier – as an ETRM should be – and we look forward to partnering with them as their portfolio grows.”

    About Molecule
    Molecule is the ETRM built for the future of energy. Cloud-native with an intuitive, easy-to-use experience at its core, Molecule is the alternative to the convoluted systems of the past. With near real-time reporting, 30+ integrations, and headache-free implementations, Molecule gets your ETRM out of your way – because you have more valuable things to do with your time. Find out more at molecule.io.

    About Nuveen
    Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.3 trillion in assets under management as of 31 December 2024 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.

    Media Contact
    Kari Foster, VP of Marketing
    Molecule
    Phone: +1 832.464.4037
    Email: kari@molecule.io

    The MIL Network –

    June 12, 2025

  • MIL-OSI Economics: IMCA launches IMCA Awards 2025 celebrating innovation and impact in marine contracting

    Source: International Marine Contractors Association – IMCA

    Headline: IMCA launches IMCA Awards 2025 celebrating innovation and impact in marine contracting

    This year’s IMCA Awards are now open for entries, with new categories celebrating outstanding achievement in Innovation and Technology, and People Development, as well as a new Rising Star award to recognise the next generation of talented marine contractors.

    The marine contracting industry’s premier awards – sponsored this year by global marine contractor McDermott International and diving contractor Unidive Subsea – return in 2025 to showcase innovative and impactful projects led by IMCA Members.

    Last year’s three award categories, Health and Safety Project of the Year, Environmental Sustainability Project of the Year, and the Greenhouse Gas Reduction Project of the Year, which recognises progress in reducing greenhouse gas emissions – all return in 2025.

    The winners will be announced at IMCA’s Global Summit Gala Dinner, which will take place on 26 November in Kuala Lumpur, Malaysia, on the middle night of IMCA’s two-day flagship event. Global Summit tickets, which include entry to the Gala Dinner, are available at a reduced rate until 30 June – find out more here.

    Jim Cullen, Technical Director, IMCA said: “We’re excited to share the return of the IMCA Awards, which are a great opportunity to celebrate outstanding achievement, promote innovative projects and approaches, and champion best-practice from across our membership.

    “AI and new technology are rapidly changing our industry and creating the need for new skills and training, so it is only right that our Members’ work in response to these opportunities is celebrated through new awards for technological innovation and people development. We also want to celebrate the next generation of talented early-career professionals that are coming through the ranks.

    “I would like to offer my thanks to McDermott International and Unidive Subsea for becoming our first IMCA Award sponsors.” 

    The awards are open to IMCA Members only. A judging panel, made up of selected Committee members, IMCA Secretariat leads, Committee Chairs, and IMCA Global Summit sponsors, will review the entries in a formal and independent scoring process. Shortlisted companies will be announced in the Autumn. The deadline for entries is Monday 1 September 2025. 

    Find out more about the judging process and criteria, and enter IMCA Awards 2025, here.

    For the first time, sponsorship opportunities are available to sponsor individual awards. To find out more about sponsorship and exhibition opportunities at the IMCA Awards and IMCA Global Summit, please contact events@imca-int.com.

    The full list of IMCA Awards can be seen below:

    • Health and Safety Project of the Year – Recognising excellence in health and safety performance.
    • Greenhouse Gas Reduction Project of the Year – Promoting success in reducing operational and value chain emissions.
    • Environmental Sustainability Project of the Year – Highlighting projects designed to support environmental sustainability in offshore or marine environments.
    • People Development Project of the Year – Recognising people-focussed initiatives including skills and training, diversity initiatives, and projects to attract new talent to the sector.
    • Innovation and Technology Project of the Year – Rewarding advancements in digital transformation, AI, and technological innovation.
    • Rising Star Award – Celebrating the achievements of an early-career professional with fewer than five years’ experience in the marine contracting industry.

    Discover last year’s winning entries, submitted by DeepOcean, Subsea7 and the National Oceanography Centre, and Solstad Offshore, here.

    MIL OSI Economics –

    June 12, 2025

  • MIL-OSI Economics: Joint Summary of the Visit by H

    Source: ASEAN

    At the invitation of the Government of Norway and on the occasion of the 10th anniversary of ASEAN-Norway Sectoral Dialogue Partnership, H.E. Dr. Kao Kim Hourn, Secretary-General of ASEAN, undertook a working visit to Norway, from 9 to 12 June 2025.
     
    The visit underscored the growing and multifaceted cooperation between ASEAN and Norway since the formalisation of the Sectoral Dialogue Partnership in 2015. It also reflected both sides’ shared commitment to further strengthening cooperation on sustainable ocean management and green transition, trade and investments, as well as on peace and conflict management and human rights.
     
    While in Oslo, the Secretary-General paid a courtesy call on H.E. Jonas Gahr Støre, Prime Minister of Norway. He also held meetings with H.E. Espen Barth Eide, Minister of Foreign Affairs, and with H.E. Cecilie Myrseth, Minister of Trade and Industry. The discussions touched on the deepening of ASEAN-Norway relations, trade and investment, blue economy, regional and global developments, and the importance of ASEAN as a regional consensus builder and a stabilising role in the Indo-Pacific region. The Meetings also emphasised the importance of upholding and strengthening ASEAN Centrality, rules-based international order and the importance of practical cooperation pursued through the ASEAN Outlook on the Indo-Pacific (AOIP).
     
    The Secretary-General also engaged with the ASEAN Inter-Parliamentary Assembly (AIPA) delegation at the Norwegian Parliament, took part in a roundtable discussion at the Norwegian Institute of International Affairs (NUPI), delivered a lecture at the Centre of Geopolitics, and participated in Oslo Forum where he exchanged views with a range of stakeholders on peace, diplomacy, and regional security issues. The Secretary-General and his delegation also visited Bergen where he engaged with Norwegian businesses and institutions related to sustainable ocean management, circular economy and smart cities.
     
    The visit demonstrated the scope and depth of ASEAN-Norway relations over the past decade and reaffirmed both sides’ mutual commitment to further strengthening the partnership. Both sides look forward to the finalisation of the ASEAN-Norway Practical Cooperation Areas (2026-2030) that is ambitious yet practical and implementable, which will serve as a framework for tangible cooperation in the years ahead.
    The post Joint Summary of the Visit by H.E. Dr. Kao Kim Hourn, Secretary-General of ASEAN, to the Kingdom of Norway appeared first on ASEAN Main Portal.

    MIL OSI Economics –

    June 12, 2025

  • MIL-OSI Economics: Secretary-General of ASEAN visits the BIR AS in Bergen, Norway

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, visited the BIR AS, one of Norway’s largest waste management companies located in Bergen, Norway, on 12 June 2025. The visit highlighted the importance of strengthening cooperation between ASEAN and Norway on innovative waste management solutions, where Norway has been a major player in the waste management sector.

    The post Secretary-General of ASEAN visits the BIR AS in Bergen, Norway appeared first on ASEAN Main Portal.

    MIL OSI Economics –

    June 12, 2025

  • MIL-OSI China: 20th meeting of ADMM-Plus Experts’ Working Group on Peacekeeping Operations kicks off in Nanjing 2025-06-12 19:03:26 The 20th meeting of the Experts’ Working Group on Peacekeeping Operations under the ASEAN Defense Ministers’ Meeting Plus (ADMM-Plus) kicked off in Nanjing City in east China’s Jiangsu Province on June 11.

    Source: People’s Republic of China – Ministry of National Defense

      By Huang Xiangliang and Chen Cheng

      NANJING, June 12 — The 20th meeting of the Experts’ Working Group on Peacekeeping Operations under the ASEAN Defense Ministers’ Meeting Plus (ADMM-Plus) kicked off in Nanjing City in east China’s Jiangsu Province on June 11. More than 80 representatives from 21 countries and international organizations including the member states, dialogue partners, observer states and Secretariat of the ASEAN attended the meeting.

      Themed on “Technology and Innovation: Enhancing Military Cooperation in Peacekeeping Operations”, the meeting organized discussions and exchanges on topics such as the application of unmanned and counter-unmanned technologies in peacekeeping operations, the application of artificial intelligence in peacekeeping operations, and the application of new technologies and equipment in security defense of peacekeeping operations. It aims to explore the military application of emerging technologies in peacekeeping operations, deepen military mutual trust and security cooperation among regional countries, and enhance their capacities in carrying out peacekeeping operations. The meeting, organized by the Chinese PLA Nanjing Army Command College, will last until June 14.

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    MIL OSI China News –

    June 12, 2025

  • India’s e-Governance turns 11: over 1.07 crore officials onboarded on Karmayogi Bharat

    Source: Government of India

    Source: Government of India (4)

    Over the past 11 years, e-Governance in India has revolutionized the way citizens interact with the government by making services more accessible, transparent, and efficient. Through robust digital platforms, it has empowered both citizens and officials, enhancing ease of governance across the country.

    Mission Karmayogi: Building a Future-Ready Civil Service
    Karmayogi Bharat, operating under the National Programme for Civil Services Capacity Building (NPCSCB), is playing a pivotal role in reshaping the learning ecosystem for India’s civil servants. The initiative aims to prepare a future-ready public workforce by equipping officials with the Attitude, Skills, and Knowledge (ASK) required for efficient governance.

    As of May 2025, more than 1.07 crore civil servants, referred to as Karmayogis, have been onboarded on the platform. It currently hosts 2,588 courses across a broad spectrum of governance-related subjects. The platform has issued over 3.24 crore learning certificates, encouraging continuous learning through online, in-person, and blended formats.

    The platform also promotes peer-to-peer learning, provides structured career path guidance, and includes rigorous assessment mechanisms. Together, these features contribute to building a capable, agile, and accountable public service aligned with the vision of a New India.

    DigiLocker: Advancing Digital Empowerment
    Since its launch in 2015, DigiLocker has emerged as a cornerstone in India’s digital public infrastructure. Designed to provide citizens with secure access to authentic digital documents, the platform enables a paperless and convenient method of availing government and other services.

    As of April 2025, DigiLocker has recorded an impressive 51.6 crore users. Between January and June 11, 2025, 9.42 crore new users registered on the platform, including 33.06 lakh sign-ups in the month of June alone.

    In 2024, the platform saw an exponential rise with 2031.99 lakh yearly user sign-ups, a sharp increase compared to 9.98 lakh sign-ups recorded in 2015 — marking a significant leap in digital document adoption.

    UMANG: Simplifying Access to Government Services
    Launched in 2017, the UMANG (Unified Mobile Application for New-age Governance) platform has been instrumental in facilitating mobile governance in the country. It provides a single, unified interface for citizens to access e-Governance services ranging from Central to State and Local government bodies.

    As of May 2025, UMANG has achieved 8.21 crore user registrations and facilitated 597 crore transactions. The platform currently offers 2,300 government services in 23 Indian languages, reinforcing inclusive access to public services across diverse linguistic and regional demographics.

    June 12, 2025

  • India leads global digital transactions: Amit Shah highlights 11 years of tech progress

    Source: Government of India

    Source: Government of India (4)

    Union Home Minister Amit Shah on Thursday highlighted the achievements of the Modi government’s digital revolution over the past 11 years, including ease of living and economic boom achieved during the ‘India’s Techade’.

    He credited the government’s vision for the technology-led development that has transformed society and every sector of the economy.

    “The Modi government democratised the use of technology and harnessed its power for the business sector, making Bharat a leading digital economy in the world in the #11YearsOfDigitalIndia. Whether it is healthcare, education, trade, or commerce, PM Shri @narendramodi Ji has transformed every sector of the economy and society through the digital revolution,” said Union Minister Shah in a post on the social media platform X.

    In his post, the Home Minister attached a digital poster titled ‘Big Picture – India’s Techade’ enlisting the achievements of the government, ranging from the launch of foreign satellites to rising internet users and mobile subscribers.

    The Union Minister’s post underscored the big digital strides taken by the government as reflected in 2.18 lakh gram panchayats getting an optical fibre connection and Rs 44 lakh crore being transferred to the poor and the needy under the direct benefit transfer (DBT) during the 11 years.

    He said that over 37 crore patients used digital consultation under the eSanjeevani scheme, over 52-plus crore people registered themselves on ‘DigiLocker’, 8 crore users used the UMANG platform for all government services, and the number of internet users rose 285 per cent during the period.

    Showcasing the strides taken in the telecom sector, Shah said the number of mobile subscribers has touched 116 crore while the cost per GB of data has declined from Rs 308 to Rs 9.34 during India’s Techade.

    The Home Minister’s post also delved into the government’s achievement of laying 6.93 lakh km of optical fibre cable under Bharat Net.

    Focusing on the economic benefits from the digital revolution, HM Shah said 49 per cent of the global real-time digital transactions happen in India.

    On the GeM portal, Rs 13-plus lakh crore worth of orders were placed on the platform till March 2025, he said.

    The Home Minister also said that during the past 11 years, the Indian Space Research Organisation (ISRO) launched 393 foreign satellites.

    (IANS)

    June 12, 2025

  • 11 years of Modi govt: Digital finance drives unprecedented financial inclusion

    Source: Government of India

    Source: Government of India (4)

    During the 11 years of Prime Minister Narendra Modi-led NDA government, India has emerged as a global leader in digital finance and inclusion, harnessing technology to deliver accessible, efficient, and transparent financial services to every corner of the country. This digital transformation has played a pivotal role in bridging the urban-rural divide and reshaping India’s economic landscape.

    The Unified Payments Interface (UPI) has revolutionised digital transactions, with over 1,867.7 crore transactions worth ₹24.77 lakh crore recorded in April 2025 alone. Now used by nearly 460 million individuals and 65 million merchants, UPI has gone global, with its presence in more than seven countries, including the UAE, Singapore, and France. According to ACI Worldwide’s 2024 report, India accounted for 49% of all global real-time transactions in 2023, underscoring its leadership in digital payments innovation.

    The Aadhaar-enabled e-KYC system has simplified access to banking and public services, with over 141.88 crore Aadhaar IDs issued as of April 2025. It has become a foundational pillar of India’s digital infrastructure, ensuring faster verification and enhanced transparency.

    Direct Benefits Transfer (DBT), backed by Aadhaar authentication, has streamlined welfare delivery. Over ₹44 lakh crore has been transferred directly to beneficiaries’ accounts as of May 2025, eliminating middlemen and fake beneficiaries. This has saved the exchequer more than ₹3.48 lakh crore since 2015. The system has also removed over 5.87 crore ineligible ration card holders and 4.23 crore fake LPG connections, making welfare schemes more targeted.

    In the realm of e-commerce, the Open Network for Digital Commerce (ONDC), launched in 2022, has expanded to over 616 cities, empowering small sellers and service providers. By January 2025, more than 7.64 lakh sellers had joined the platform, boosting MSME participation in the digital economy.

    Similarly, the Government e-Marketplace (GeM), launched in 2016, has transformed public procurement. By January 2025, GeM had achieved a gross merchandise value (GMV) of ₹4.09 lakh crore in just 10 months of FY 2024–25, marking nearly 50% growth over the previous year. With over 1.6 lakh government buyers and 22.5 lakh sellers, GeM continues to enhance transparency and efficiency in government transactions.

    Together, these initiatives reflect a decade of digital empowerment under the Modi government, setting the foundation for a more inclusive, transparent, and resilient financial ecosystem.

    June 12, 2025

  • 11 years of Modi govt: Digital connectivity and infrastructure witness remarkable growth

    Source: Government of India

    Source: Government of India (4)

    During the 11 years of Prime Minister Narendra Modi-led NDA government, India has witnessed a digital revolution, transforming itself into a digitally empowered society and knowledge-based economy. Under the leadership of PM Modi, the country has made remarkable strides in expanding internet connectivity, boosting telecom infrastructure, and revolutionising public service delivery through digital platforms.

    The digital economy, which contributed 11.74% to India’s national income in 2022–23, is projected to rise to 13.42% by 2024–25, fuelled by advancements in artificial intelligence, cloud computing, and digital infrastructure.

    Total telephone connections in India have grown from 93.3 crore in March 2014 to over 120 crore by April 2025. The overall tele-density in India which was 75.23 % in March 2014 rose to 84.49% in October 2024. Rural connectivity has significantly improved, with rural telephone connections jumping from 377.78 million in 2014 to 527.34 million in 2024. Internet connections have soared from 25.15 crore to 96.96 crore during the same period—a growth of over 285%.

    Broadband services saw an exponential rise, from just 6.1 crore users in 2014 to nearly 95 crore by August 2024. The cost of wireless data has dropped drastically from ₹308 per GB in 2014 to ₹9.34 in 2022, making digital access more affordable for millions.

    A key milestone in India’s digital journey has been the rollout of 5G services, launched in October 2022. In less than two years, India installed 4.74 lakh 5G Base Transceiver Stations, extending high-speed connectivity to 99.6% of districts. This leap supports a growing mobile subscriber base, which reached 116 crore in 2025.

    The BharatNet project has also played a pivotal role in bridging the digital divide. As of January 2025, high-speed internet has been delivered to over 2.18 lakh Gram Panchayats, with 6.92 lakh km of optical fibre cable laid, transforming connectivity in rural India.

    With this rapid progress, India continues its march towards a digitally inclusive future, powered by robust infrastructure and visionary policy implementation.

    June 12, 2025

  • MIL-OSI Asia-Pac: Cultural and Creative Industries Development Agency leads industry delegation to participate in Annecy International Animation Film Festival and Market 2025 in France

    Source: Hong Kong Government special administrative region

    Cultural and Creative Industries Development Agency leads industry delegation to participate in Annecy International Animation Film Festival and Market 2025 in FranceIssued at HKT 16:40

    The Cultural and Creative Industries Development Agency (CCIDA) of the Culture, Sports and Tourism Bureau led an industry delegation to participate in the Annecy International Animation Film Festival and Market 2025 in France and joined forces with the Hong Kong Digital Entertainment Association (HKDEA) to set up the Hong Kong Pavilion themed “AI-assisted Animation Production” and organised a series of activities, with the aim of increasing overseas exposure of Hong Kong original animation works and creative teams, enhancing their reach in market development, and enabling them to explore collaboration opportunities.

    As the international animation film festival with a rich history and the largest scale of its kind, the Annecy International Animation Film Festival commands high respect from the global animation industry. Its film market, the Annecy International Animation Film Market, is a prominent annual business-oriented exhibition that takes place from June 10 to 13 (Annecy time). In the opening ceremony of the Hong Kong Pavilion held on June 10, the Assistant Commissioner for Cultural and Creative Industries, Mrs Lowell Cho, expressed hope that through a series of activities during this promotion, the CCIDA and the industry join hands to promote Hong Kong animation works to the animation industry professionals and audiences from all over the world, hence enabling the original animation by Hong Kong to shine bright on the international stage and to strive for opportunities to strengthen ties with global industry counterparts. She also warmly congratulated the film “Another World”, funded by the Film Development Fund (FDF) and produced by an animation creative team from Hong Kong, for being selected for the non-competitive section of the Annecy International Animation Film Festival 2025 and that it will be screened at the “Midnight Specials” session on the evening of June 13 (Annecy time). “Another World” brings international recognition, which serves as a significant booster for the Hong Kong animation industry, showcasing the global appreciation for Hong Kong animation.

    The Hong Kong animation film “Another World” is directed by Tommy Ng, and produced and scripted by Polly Yeung. The production team attended the Annecy International Animation Film Festival in person to engage with audiences and industry counterparts. In 2019, the team participated in the sixth Animation Support Program, a project funded by the CCIDA through the CreateSmart Initiative (CSI), and was granted a subsidy to initiate the production of the short version of “Another World”, which won the Gold Award under the Small Animation Enterprises (Advanced Production) category. Subsequently, the team, with its proposal to develop “Another World” into a feature-length animation film, successfully applied for the Film Production Financing Scheme under the FDF and was granted the subsidy to bring the debut animation feature film directed by Ng into fruition, paving the way for the film’s global premiere at the Annecy International Animation Film Festival. Yeung was also invited by the Hong Kong Film Development Council to participate in the 81st Venice International Film Festival in Italy and the 78th Cannes Film Festival in France to seek production investment, attend various producer matching activities, and exchange ideas with filmmakers from all over the world, increasing publicity for “Another World” and opening doors for overseas distribution of the film project.

    During the exhibition period, a series of networking and exchange activities were launched at the Hong Kong Pavilion, and six short original animated works created with AI assistance were also showcased, demonstrating to the international market the creativity and unique charisma of Hong Kong productions. The Hong Kong Partner Pitches was held on June 11, where the six Hong Kong companies selected under the 2nd Future Animation – AI-assisted Animation Production Support Scheme organised by the HKDEA and sponsored by the CCIDA, namely 924 Studio Limited, Astro Heart Limited, Free-D Workshop, ManyMany Creations Ltd, Morph Workshop and Stepc, conducted exchanges with elite animation companies from all over the world. They took the opportunity to broaden their horizons, enhance their promotion to overseas practitioners and investors, and pursue more collaboration possibilities.

    The Animation Support Program, a government-funded project under the CSI, is now in its 12th edition. It focuses on supporting local start-ups and small animation companies and cultivating local animation talent. Over the years, it has assisted more than 250 local animation companies and enabled them to produce more than 270 original animation works. As a scheme under the FDF with the longest history and well-received by the film industry, the Film Production Financing Scheme aims to provide government financing for film productions with small-to-medium production budgets. As of the end of May 2025, approved films have received more than 150 local and international film awards.

    Ends/Thursday, June 12, 2025
    Issued at HKT 16:40

    MIL OSI Asia Pacific News –

    June 12, 2025

  • MIL-OSI Asia-Pac: Tenders invited for tenancy of fee-paying public car parks at Heung Yuen Wai Boundary Control Point

    Source: Hong Kong Government special administrative region

    Tenders invited for tenancy of fee-paying public car parks at Heung Yuen Wai Boundary Control PointIssued at HKT 12:35

    The Government Property Agency (GPA) is inviting tenders for a three-year tenancy of fee-paying public car parks on a portion of the Mezzanine Floor of the Passenger Terminal Building and underneath the viaduct connected to the Passenger Terminal Building of the Heung Yuen Wai Boundary Control Point, New Territories, Hong Kong.

    The premises should only be used for the operation of fee-paying public car parks for the parking of private cars, motorcycles and van-type light goods vehicles.

    The tender notice was uploaded today (June 12) to the GPA Property Portal: www.gpaproperty.gov.hk/en/index.html. Tender documents are available for collection at the GPA, 9/F, South Tower, West Kowloon Government Offices, 11 Hoi Ting Road, Yau Ma Tei, Kowloon, during the period from 9am to 6pm from Monday to Friday, except public holidays. The documents can also be downloaded from the GPA Property Portal.

    Interested tenderers who wish to conduct a site inspection of the premises should make a prior appointment with the GPA by calling 3842 6915/3842 6917 by June 19.

    Tenderers must submit their tenders by placing them in the Government Logistics Department Tender Box placed at the Ground Floor, North Point Government Offices, 333 Java Road, North Point, Hong Kong, before noon on July 4. Late tenders will not be accepted.

    Ends/Thursday, June 12, 2025
    Issued at HKT 12:35

    MIL OSI Asia Pacific News –

    June 12, 2025

  • MIL-OSI Asia-Pac: “Innovative Music-making Journey to China: MO x e-Orch” concert to showcase musical achievements

    Source: Hong Kong Government special administrative region

    “Innovative Music-making Journey to China: MO x e-Orch” concert to showcase musical achievementsIssued at HKT 12:00

    The public concert of the Innovative Music Making: MO x e-Orch music training programme during the 2024/25 academic year will be held at 7.30pm on July 12 (Saturday) at the Auditorium of Kwai Tsing Theatre, under the title “Innovative Music-making Journey to China: MO x e-Orch”, to showcase the students’ achievements. The programme is organised by the Music Office of the Leisure and Cultural Services Department, in collaboration with the Education University of Hong Kong. Four digital music orchestras (e-Orchs) formed by about 80 students participating in the training programme from the Buddhist Chan Wing Kan Memorial School, Sacred Heart of Mary Catholic Primary School, Chan Sui Ki (La Salle) Primary School and St. Rose of Lima’s School will showcase their original collaborative multimedia works at the concert. They will also collaborate with the string and Chinese music ensembles of the Music Office to perform original and arranged works. Musicians from the eOrch@EdUHK Contemporary Music and Digital Instrument Lab will also be invited to present their original works combining music and technology. Various awards and certificates of attendance will also be presented to participating students at the concert as encouragement. Apart from original works of the students, the concert also presents world premieres of local composers Wat Nga-man’s “Lion Dance” and Lau Hiu-lam’s “The Guardians of The Underground Empire”, which are commissioned by the Music Office with 12/06/2025, 11:31 “Innovative Music-making Journey to China: MO x e-Orch” concert to showcase musical achievements https://www.info.gov.hk/gia/general/202506/12/P2025061100295p.htm 1/2 sponsorship from the CASH (Composers and Authors Society of Hong Kong) Music Fund. Rearrangements of Ren Guang’s “Colourful Clouds Chasing the Moon” and the traditional Chinese music “Evening Song of the Fishermen” by Lau and Wat respectively, will also be performed in the concert. To promote the integration of music and technology on school campuses, the Music Office launched the first Innovative Music Making: MO x e-Orch music training programme in 2022 for students of participating primary and secondary schools to form eOrchs and learn musical knowledge and music creation with the use of tablets. Tickets priced at $70 are now available at URBTIX (www.urbtix.hk). For telephone bookings, please call 3166 1288. For programme enquiries and concessionary schemes, please call 2158 6467 or 3842 7776 or visit www.lcsd.gov.hk/en/mo/activities/schoo lprogrammes/arttech/24art/2025imm.html. The concert is one of the programmes of the Chinese Culture Festival (CCF) 2025. For more information about programmes and activities of the CCF 2025, please visit www.ccf.gov.hk. Ends/Thursday, June 12, 2025 Issued at HKT 12:00

    MIL OSI Asia Pacific News –

    June 12, 2025

  • MIL-OSI Asia-Pac: Aristo Sham’s Van Cliburn Piano Competition victory celebrated in New York (with photos)

    Source: Hong Kong Government special administrative region

    Aristo Sham’s Van Cliburn Piano Competition victory celebrated in New York

    The Director of the Hong Kong Economic and Trade Office in New York, Ms Maisie Ho, attended the 17th Van Cliburn International Piano Competition press conference in New York City on June 11 (New York time), where she congratulated Hong Kong pianist Aristo Sham on his momentous win at the prestigious Van Cliburn International Piano Competition. Aristo Sham, whose remarkable artistry and technical brilliance captivated audiences and judges alike, made history as the first-ever Hong Kong pianist to win the Van Cliburn International Piano Competition, one of the world’s most esteemed classical music competitions, which concluded on June 7 in Fort Worth, Texas. Remarking on Aristo Sham’s extraordinary achievement, Ms Ho said, “Aristo’s win at the Van Cliburn International Piano Competition is not only a personal triumph but also a source of immense pride for Hong Kong, further reinforcing Hong Kong’s reputation as a nurturing home for extraordinary musical talent. This historic milestone also highlights Hong Kong’s vibrant cultural legacy on the global stage and underpins Hong Kong’s positioning as an East-MeetsWest cultural hub.” Ends/Thursday, June 12, 2025

    Issued at HKT 11:54

    NNNN

    MIL OSI Asia Pacific News –

    June 12, 2025

  • MIL-OSI Asia-Pac: SITI to visit France and Netherlands

    Source: Hong Kong Government special administrative region

    SITI to visit France and NetherlandsIssued at HKT 15:00

    The Secretary for Innovation, Technology and Industry, Professor Sun Dong, will depart for a visit to France and the Netherlands this evening (June 12) to strengthen Hong Kong’s ties and co-operation in innovation and technology (I&T) with France and the Netherlands.

    Professor Sun will attend Viva Technology 2025 (VivaTech) in Paris, France, and deliver a keynote speech on “From Hong Kong to the World: Embarking on the New Journey of Innovation” at a seminar and networking reception organised by the Hong Kong Trade Development Council. VivaTech, being held from June 11 to 14, is Europe’s annual start-up and technology event that brings together start-ups, tech leaders, corporates and investors to drive I&T and business collaboration.

    During the visit, Professor Sun will also meet with leaders of the local I&T sector as well as technology enterprises and tour the I&T and advanced manufacturing enterprises there.

    Professor Sun will return to Hong Kong on June 18. During his absence, the Under Secretary for Innovation, Technology and Industry, Ms Lillian Cheong, will be the Acting Secretary for Innovation, Technology and Industry.

    Ends/Thursday, June 12, 2025
    Issued at HKT 15:00

    MIL OSI Asia Pacific News –

    June 12, 2025

  • MIL-OSI United Kingdom: expert reaction to London-bound passenger plane crashing shortly after take-off in India

    Source: United Kingdom – Executive Government & Departments

    June 12, 2025

    Scientists comment on a London-bound Boeing 787-8 aircraft crashing shortly after take-off in India. 

    Prof Graham Braithwaite, Director of Aerospace and Aviation, Cranfield University, said:

    What do we know about the situation so far?

    “The aircraft involved is an 11-year-old Boeing 787-8 Dreamliner. This is the first major accident involving the 787.

    “At this point we don’t know whether there are any survivors or whether there have been any casualties on the ground.

    What don’t we know and are waiting to find out?

    “At this stage the focus will be on search and rescue at the site. For the airline, they will be focused on caring for family members and friends at both the departure airport and destination. Until the manifest is confirmed, they will be dealing with a very high number of enquiries from concerned friends and families. Early information about the accident is unlikely to be accurate so even though people will look at tools like FlightRadar 24, it won’t tell us anything about the “why it happened”. We should be very careful not to speculate on cause when there is so little reliable information available.

    Is it unusual for a plane crash to occur so soon after take-off?

    “Yes. Although take off is a critical stage of flight, aircraft accidents are incredibly rare, especially involving modern aircraft types such as the Boeing 787. Take off is a critical stage because the aircraft is still accelerating and any problem-solving requires a rapid response.

    Any other information you think is relevant for journalists to know.

    “The accident will be investigated by the Indian Aircraft Accident Investigation Bureau – an organisation which is independent from the aviation regulator, and which is focused on ‘not for blame’ safety investigations. This is governed by an international standard known as ICAO Annex 13. Under that, participants will include the US National Transportation Safety Board as the State of Manufacturer. Stated with a significant number of people on board will also have a right to participate so I would expect the UK Air Accidents Investigation Branch to be involved.”

    Declared interests

    No reply to our request for DOIs was received.

    MIL OSI United Kingdom –

    June 12, 2025

  • UMANG crosses 8 crore users, offers 2,300 government services in 23 languages

    Source: Government of India

    Source: Government of India (4)

    Over the past 11 years, e-Governance in India has revolutionized the way citizens interact with the government by making services more accessible, transparent, and efficient. Through robust digital platforms, it has empowered both citizens and officials, enhancing ease of governance across the country.

    Mission Karmayogi: Building a Future-Ready Civil Service
    Karmayogi Bharat, operating under the National Programme for Civil Services Capacity Building (NPCSCB), is playing a pivotal role in reshaping the learning ecosystem for India’s civil servants. The initiative aims to prepare a future-ready public workforce by equipping officials with the Attitude, Skills, and Knowledge (ASK) required for efficient governance.

    As of May 2025, more than 1.07 crore civil servants, referred to as Karmayogis, have been onboarded on the platform. It currently hosts 2,588 courses across a broad spectrum of governance-related subjects. The platform has issued over 3.24 crore learning certificates, encouraging continuous learning through online, in-person, and blended formats.

    The platform also promotes peer-to-peer learning, provides structured career path guidance, and includes rigorous assessment mechanisms. Together, these features contribute to building a capable, agile, and accountable public service aligned with the vision of a New India.

    DigiLocker: Advancing Digital Empowerment
    Since its launch in 2015, DigiLocker has emerged as a cornerstone in India’s digital public infrastructure. Designed to provide citizens with secure access to authentic digital documents, the platform enables a paperless and convenient method of availing government and other services.

    As of April 2025, DigiLocker has recorded an impressive 51.6 crore users. Between January and June 11, 2025, 9.42 crore new users registered on the platform, including 33.06 lakh sign-ups in the month of June alone.

    In 2024, the platform saw an exponential rise with 2031.99 lakh yearly user sign-ups, a sharp increase compared to 9.98 lakh sign-ups recorded in 2015 — marking a significant leap in digital document adoption.

    UMANG: Simplifying Access to Government Services
    Launched in 2017, the UMANG (Unified Mobile Application for New-age Governance) platform has been instrumental in facilitating mobile governance in the country. It provides a single, unified interface for citizens to access e-Governance services ranging from Central to State and Local government bodies.

    As of May 2025, UMANG has achieved 8.21 crore user registrations and facilitated 597 crore transactions. The platform currently offers 2,300 government services in 23 Indian languages, reinforcing inclusive access to public services across diverse linguistic and regional demographics.

    June 12, 2025

  • MIL-OSI Banking: Scheduled Banks’ Statement of Position in India as on Friday, May 30, 2025

    Source: Reserve Bank of India

    (Amount in ₹ crore)
      SCHEDULED COMMERCIAL BANKS
    (Including RRBs, SFBs and PBs)    		 ALL SCHEDULED BANKS
    31-May-2024 16-May-2025* 30-May-2025* 31-May-2024 16-May-2025* 30-May-2025*
    I LIABILITIES TO THE BKG.SYSTEM (A)            
      a) Demand & Time deposits from banks 283850.22 356142.91 365140.08 287722.27 362130.00 370999.12**
      b) Borrowings from banks 163095.32 112740.77 110567.25 162607.11 112743.77 110589.25
      c) Other demand & time liabilities 76511.12 24239.07 25102.81 76730.29 24626.53 25497.28
    II LIABILITIES TO OTHERS (A)            
      a) Deposits (other than from banks) 21087206.37 22887587.39 23172559.90 21674968.79 23379288.75 23662791.19
      i) Demand 2506492.91 2841915.80 2988913.58 2567382.20 2892062.41 3038372.32
      ii) Time 18580713.47 20045671.59 20183646.31 19107586.59 20487226.34 20624418.87
      b) Borrowings @ 738925.22 893728.27 895727.00 743952.27 898148.91 900193.89
      c) Other demand & time liabilities 967360.63 999529.93 1030639.78 983261.53 1012437.72 1043774.13
    III BORROWINGS FROM R.B.I. (B) 71305.00 23081.00 6516.00 71305.00 23081.00 6516.00
      Against usance bills and / or prom. Notes     0.00     0.00
    IV CASH 90895.20 85968.10 87179.07 93788.10 88775.09 89604.92
    V BALANCES WITH R.B.I. (B) 951109.00 928136.28 956086.24 971105.00 947302.36 975236.91
    VI ASSETS WITH BANKING SYSTEM            
      a) Balances with other banks            
      i) In current accounts 8067.70 11102.45 11433.47 11788.66 13341.32 13852.12
      ii) In other accounts 177529.41 233058.58 255330.58 228433.60 295070.10 318135.43
      b) Money at call & short notice 13028.13 17715.86 22812.64 33944.85 35986.40 40349.51
      c) Advances to banks (i.e. due from bks.) 51405.37 39786.83 36147.80 54043.23 42530.76 38542.46£
      d) Other assets 112400.95 78068.21 78094.05 118837.65 82032.05 82801.64
    VII INVESTMENTS (At book value) 6183502.03 6684475.70 6706717.24 6391944.79 6838726.32 6861687.29
      a) Central & State Govt. securities+ 6182472.76 6683947.50 6706168.85 6378531.37 6830276.71 6853140.24
      b) Other approved securities 1029.27 528.19 548.39 13413.42 8449.61 8547.05
    VIII BANK CREDIT (Excluding Inter-Bank Advances) 16782881.64 18227711.87 18287596.63 17346530.02 18694728.44 18753960.67
      a) Loans, cash credits & Overdrafts $ 16469359.59 17890954.33 17949974.58 17029508.57 18354554.88 18412998.48
      b) Inland Bills purchased 64366.78 79832.65 79467.07 64372.00 81180.34 80743.89
      c) Inland Bills discounted 208274.29 221259.31 222652.60 211137.16 222739.64 224160.09
      d) Foreign Bills purchased 16125.00 14020.55 13866.49 16347.72 14241.01 14063.24
      e) Foreign Bills discounted 24755.98 21645.03 21635.88 25164.57 22012.57 21994.97
    NOTE
    * Provisional figures incorporated in respect of such banks as have not been able to submit final figures.
    (A) Demand and Time Liabilities do not include borrowings of any Scheduled State Co-operative Bank from State Government and any reserve fund deposits maintained with such banks by any co-operative society within the areas of operation of such banks.
    ** This excludes deposits of Co-operative Banks with Scheduled State Co-operative Banks. These are included under item II (a).
    @ Other than from Reserve Bank, National Bank for Agriculture and Rural Development and Export Import Bank of India.
    (B) The figures relating to Scheduled Commercial Banks’ Borrowings in India from Reserve Bank and balances with Reserve Bank are those shown in the statement of affairs of the Reserve Bank. Borrowings against usance bills and/ or promissory notes are under Section 17(4)(c) of the Reserve Bank of India Act, 1934. Following a change in the accounting practise for LAF transactions with effect from July 11, 2014, as per the recommendations of Malegam Committee formed to Review the Format of Balance Sheet and the Profit and Loss Account of the Bank, the transactions in case of Repo / Term Repo / MSF are reflected under ‘Borrowings from RBI’.
    £ This excludes advances granted by Scheduled State Co-operative Banks to Co-operative banks. These are included under item VIII (a).
    + Includes Treasury Bills, Treasury Deposits, Treasury Savings Certificates and postal obligations.
    $ Includes advances granted by Scheduled Commercial Banks and Scheduled Cooperative Banks to Public Food Procurement Agencies (viz. Food Corporation of India, State Government and their agencies under the Food consortium).
    Food Credit Outstanding as on
    (Amount in ₹ crore)
    Date 31-May-2024 16-May-2025 30-May-2025
    Scheduled Commercial Banks 40258.89 68078.36 70580.71
    Scheduled Co-operative Banks 50623.09 51972.99 51972.99

    The expression ‘Banking System’ or ‘Banks’ means the banks and any other financial institution referred to in sub-clauses (i) to (vi) of clause (d) of the explanation below Section 42(1) of the Reserve Bank of India Act, 1934.

    No. of Scheduled Commercial Banks as on Current Fortnight:135

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/533

    MIL OSI Global Banks –

    June 12, 2025

  • MIL-OSI Banking: Secretary-General of ASEAN visits the Bir Privat AS in Bergen, Norway

    Source: ASEAN – Association of SouthEast Asian Nations

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, visited the Bir Privat AS, one of Norway’s largest waste management companies located in Bergen, Norway, on 12 June 2025. The visit highlighted the importance of strengthening cooperation between ASEAN and Norway on innovative waste management solutions, where Norway has been a major player in the waste management sector.

    The post Secretary-General of ASEAN visits the Bir Privat AS in Bergen, Norway appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

    June 12, 2025

  • Amit Shah hails 11-year digital revolution during ‘India’s Techade’

    Source: Government of India

    Source: Government of India (4)

    Union Home Minister Amit Shah on Thursday highlighted the achievements of the Modi government’s digital revolution over the past 11 years, including ease of living and economic boom achieved during the ‘India’s Techade’.

    He credited the government’s vision for the technology-led development that has transformed society and every sector of the economy.

    “The Modi government democratised the use of technology and harnessed its power for the business sector, making Bharat a leading digital economy in the world in the #11YearsOfDigitalIndia. Whether it is healthcare, education, trade, or commerce, PM Shri @narendramodi Ji has transformed every sector of the economy and society through the digital revolution,” said Union Minister Shah in a post on the social media platform X.

    In his post, the Home Minister attached a digital poster titled ‘Big Picture – India’s Techade’ enlisting the achievements of the government, ranging from the launch of foreign satellites to rising internet users and mobile subscribers.

    The Union Minister’s post underscored the big digital strides taken by the government as reflected in 2.18 lakh gram panchayats getting an optical fibre connection and Rs 44 lakh crore being transferred to the poor and the needy under the direct benefit transfer (DBT) during the 11 years.

    He said that over 37 crore patients used digital consultation under the eSanjeevani scheme, over 52-plus crore people registered themselves on ‘DigiLocker’, 8 crore users used the UMANG platform for all government services, and the number of internet users rose 285 per cent during the period.

    Showcasing the strides taken in the telecom sector, Shah said the number of mobile subscribers has touched 116 crore while the cost per GB of data has declined from Rs 308 to Rs 9.34 during India’s Techade.

    The Home Minister’s post also delved into the government’s achievement of laying 6.93 lakh km of optical fibre cable under Bharat Net.

    Focusing on the economic benefits from the digital revolution, HM Shah said 49 per cent of the global real-time digital transactions happen in India.

    On the GeM portal, Rs 13-plus lakh crore worth of orders were placed on the platform till March 2025, he said.

    The Home Minister also said that during the past 11 years, the Indian Space Research Organisation (ISRO) launched 393 foreign satellites.

    (IANS)

    June 12, 2025

  • MIL-OSI Asia-Pac: Regional workshop on anti-money laundering co-organised by Hong Kong Customs and University of Hong Kong concludes (with photos)

    Source: Hong Kong Government special administrative region

    The four-day Regional Workshop on AML Frameworks: Tackling Traditional and Modern Challenges in the Digital Age (Workshop), co-organised by Hong Kong Customs and the University of Hong Kong (HKU), started on June 9 and concluded today (June 12). This Workshop brought together over 60 participants from customs administrations, government agencies, international organisations, law enforcement agencies and academia across Hong Kong and the Asia-Pacific (A/P) region.
     
    Following the signing of a Memorandum of Understanding with HKU at the International Forum on Combating Money Laundering and Transnational Organized Crimes in December last year, the Workshop was held to further strengthen Customs’ capacity in anti-money laundering (AML) enforcement with particular focus on risks and trends of virtual assets.   
     
    In his closing remarks today, the Assistant Commissioner of Customs and Excise (Intelligence and Investigation), Mr Wong Ho-yin, highlighted the Workshop’s success in enriching knowledge, fostering regional co-operation, and building critical connections among law enforcement agencies, academia, and industry. He reaffirmed that adaptability, international collaboration and capacity building were crucial to mitigating the risks of financial crimes. Participants should work on the groundwork laid for closer regional partnerships by the Workshop to promote intelligence sharing and support cross-boundary investigations and enforcement co-operation.
     
    The Dean of Engineering of HKU, Professor David Srolovitz, emphasised the timeliness of this Workshop in the age of rapid digital transformation and the importance of uniting academia, technology developers, law enforcement authorities, government, and the financial industry to address the complexities of financial crimes today. HKU Engineering, he said, remains dedicated to driving innovation and education to empower professionals to create a secure and transparent financial future.
     
    The Workshop featured a comprehensive programme with leading experts and practitioners delivering lectures on a wide range of topics including AML strategies and emerging typologies, regulation of virtual assets, crypto-related crime investigations, application of regtech in financial crime prevention, and international co-operation in AML/counter-terrorist financing.
     
    As the World Customs Organization (WCO) Vice-Chair for the A/P region and the WCO Regional Training Centre in the A/P region, Hong Kong Customs strives to connect with local and overseas law enforcement agencies to foster knowledge exchanges and capacity building in AML, contributing to a safer and more resilient financial environment across the A/P region.

               

    MIL OSI Asia Pacific News –

    June 12, 2025

  • MIL-OSI Asia-Pac: Hong Kong Customs special operation combats use of counterfeit devices by beauty parlours to provide beauty and slimming treatments (with photo)

    Source: Hong Kong Government special administrative region

    Hong Kong Customs special operation combats use of counterfeit devices by beauty parlours to provide beauty and slimming treatments (with photo) 
    Customs earlier received information alleging that suspected counterfeit devices were being used by beauty parlours to provide beauty and slimming treatments for customers. After an in-depth investigation and with the assistance of the trademark owner, Customs officers took enforcement action and raided three beauty parlours in Lai Chi Kok, Mong Kok and Tsim Sha Tsui yesterday. Three suspected counterfeit beauty and slimming devices were seized at the beauty parlours.
     
    During the operation, four women aged between 27 and 56 were arrested for being suspected of contravening the Trade Descriptions Ordinance. Two of them are shop owners and two are employees. An investigation is ongoing, and the likelihood of further arrests is not ruled out.
     
    Customs will continue to take stringent law enforcement action and collaborate with relevant trademark owners to closely monitor the market situation with a view to fighting against the use of counterfeit goods for the purpose of trade.
     
    Customs reminds traders to be cautious and prudent in merchandising since possession of counterfeit goods for any purpose of trade is a serious crime, and offenders are liable to criminal sanctions. Consumers are also reminded to make purchases at reputable shops and to check with the trademark owners or their authorised agents if the authenticity of a product is in doubt.
     
    Under the Ordinance, any person who possesses for the purpose of trade any goods with a forged trademark commits an offence. The maximum penalty upon conviction is a fine of $500,000 and imprisonment for five years.
     
    Members of the public may report any suspected counterfeiting activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hkIssued at HKT 15:35

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    June 12, 2025

  • MIL-OSI: From Talent to Success: Axi Select Announces Fourth Pro M Trader, Now Managing $1 Million USD of Axi Funds

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, June 12, 2025 (GLOBE NEWSWIRE) — Following the recent announcements that three Axi Select traders reached the top milestone of the program, leading online FX and CFD broker Axi has proudly announced the promotion of its fourth overall – Pro M trader: Looi Sook Yen from Asia.

    This breakthrough reflects the broker’s ongoing commitment to empower ambitious and talented traders through a program that is designed to unlock and maximise their full trading and profit potential.

    Louis Cooper, Chief Commercial Officer at Axi, shares his excitement for the program’s latest success, noting “We’re proud to see our program continue to elevate traders, helping them trade and improve their trading skills all the way to the top. Since launching Axi Select in 2023, we’ve been confident in its ability to harness the talent of all traders to new heights – regardless of gender or experience level. Today, we celebrate a landmark moment: our fourth Pro M trader and the first woman to reach the program’s top stage and secure a $1M allocation. Ms. Looi demonstrated outstanding skill, talent, and discipline – and with the right tools and support, she now manages $1M of Axi funds.”

    A few months ago, Axi Select announced its first three $1M funded traders: Francisco Quesada Godines, Daniel Gutiérrez Viñas, and 21-year-old trader, Kayan Freitas. The program offers traders the opportunity to access capital funding up to $1,000,000 USD and earn up to 90% of their profits, as well as the advantage to join the program with zero registration or monthly fees*. Moreover, Axi Select uses a Standard or a Pro live account, unrestrictive trading conditions, an exclusive trading room, and more. Recently, the broker was recognised with the ‘Best Funded Trader Programme’ award by the ADVFN International Financial Awards, and, among others, was honoured by Finance Feeds with the ‘Most Innovative Proprietary Trading Firm’ award.

    The Axi Select program is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available to AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. *Standard trading fees apply.

    Watch announcement video here.

    About Axi

    Axi is a global online FX and CFD trading company, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Shares, Gold, Oil, Coffee, and more.

    For more information or additional comments from Axi, please contact: mediaenquiries@axi.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/da30a690-7ae0-4ccb-b753-b387e16c7313

    The MIL Network –

    June 12, 2025

  • MIL-OSI: Black Gold Confirms Multiple Pay Zones at Fritz 2-30

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, B.C., June 12, 2025 (GLOBE NEWSWIRE) — Black Gold Exploration Corp. (the “Company” or “BGX”) (CSE: BGX) (OTCQB: BGXCF) (FRA: BLGX) is pleased to announce another significant development in its Illinois Basin operation. Through its joint venture partner LGX Energy Corp. (“LGX”), the Company has confirmed the presence of four discrete, hydrocarbon- bearing formations within a single vertical column at the now-producing Fritz 2-30 oil and gas well (the “Well”) in Clay County, Indiana, highlighting the potential for multi-zone development at the Well.

    Stacked Pay Zones: Four Formations, One Platform

    In addition to the Geneva Dolomite zone, which is currently in production, three additional pay zone formations have now been identified within the same platform, including the Jeffersonville Limestone Formation, the North Vernon Formation, and the Carper Sand Formation.

    “This is the kind of stacked pay profile we hoped for as a Company, where it is not just one pay zone but the opportunity for up to four pay zones from just one well,” said Francisco Gulisano, CEO of BGX.

    “We are now setting ourselves up to systematically unlock the multiple pay zones of value sitting beneath the Fritz platform, formation by formation.” continued Mr. Gulisano.

    A Platform for Scalable, Repeatable Growth

    The multi-zone architecture of the Well allows for selective perforation and staged stimulation, minimizing risk and maximizing reservoir management. Also, the platform’s data-rich profile will guide the Company’s next wave of wells, giving the Company a clear runway for development of additional offset wells across these new formations.

    “I believe we are just starting to unlock the potential in this region and we at LGX are delighted to have BGX as a partner in the Basin,” stated Howard Crosby, CEO of LGX.

    On behalf of the Company, Francisco Gulisano
    236-266-5174
    Chief Executive Officer

    About BGX

    BGX is an oil and gas exploration and production company dedicated to creating shareholder value in the Illinois Basin. With an experienced technical team and a growing asset base, BGX is unlocking value using modern drilling and completion technologies. For more information visit https://www.bgxcorp.com.

    Joint Venture with LGX

    The Company has a joint-venture agreement with LGX which gives it a 30% interest in strategically positioned parcels of 911 acres located in the Illinois Basin. The Company has a 10% interest in the Fritz 2-30 well and has the ability to take a 10% interest across a 210 acre Area of Mutual Interest surrounding the Fritz well.

    Forward-Looking Statements

    The information in this news release includes certain information and statements about management’s view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. It should be noted that there are inherent risks and uncertainties in oil and gas exploration. Forward- looking statements in this news release include, but are not limited to statements respecting: (i) the confirmation of additional pay zones highlighting the potential for multi- zone development at the Well; (ii) the Company setting itself up to systematically unlock the value sitting behind the Fritz platform; (iii) the platform’s data-rich profile guiding the Company’s next wave of wells, giving the Company a clear runway for development of additional offset wells across the new formations; (iv) Mr. Crosby’s statement that the parties are just scratching the surface of unlocking the potential in the region. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise. For a comprehensive overview of all risks that may impact the Company, please see the Company’s continuous disclosure documents filed on SEDAR+.

    Neither the CSE nor the CSE’s Regulation Services Provider (as that term is defined in the policies of the CSE) accept responsibility for the accuracy of this release.

    SUITE 2400 | 1055 WEST GEORGIA STREET | VANCOUVER, BC | V6E 3P3 | TEL. +1 (236) 266-5174 | info@bgxcorp.com | bgxcorp.com
    1412-7791-5927, v. 1

    The MIL Network –

    June 12, 2025

  • MIL-OSI: Cenovus Energy restores full production at Christina Lake

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, June 12, 2025 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has now safely ramped up production at its Christina Lake oil sands asset following wildfire activity in the area. Production operations restarted on June 3 and production was ramped up over the course of the week.

    Site inspections confirmed there was no damage to Cenovus infrastructure. The company continues to closely monitor the overall wildfire situation in Alberta, with a focus on the safety of its people and assets. It appreciates the continued efforts of its teams who are working to keep the company’s people and assets safe, and for the provincial emergency management teams and firefighters keeping communities safe.

    Cenovus Energy Inc.
    Cenovus Energy Inc. is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The company is committed to maximizing value by developing its assets in a safe, responsible and cost-efficient manner, integrating environmental, social and governance considerations into its business plans. Cenovus common shares and warrants are listed on the Toronto and New York stock exchanges, and the company’s preferred shares are listed on the Toronto Stock Exchange. For more information, visit cenovus.com.

    Find Cenovus on Facebook, LinkedIn, YouTube and Instagram.

    Cenovus contacts

    Investors Media
    Investor Relations general line
    403-766-7711    		 Media Relations general line
    403-766-7751

    The MIL Network –

    June 12, 2025
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