Source: Hong Kong Government special administrative region
The Census and Statistics Department (C&SD) released today (May 2) the advance estimates on Gross Domestic Product (GDP) for the first quarter of 2025.
According to the advance estimates, GDP increased by 3.1% in real terms in the first quarter of 2025 over a year earlier, compared with the increase of 2.5% in the fourth quarter of 2024.
Analysed by major GDP component, private consumption expenditure decreased by 1.2% in real terms in the first quarter of 2025 from a year earlier, compared with the decrease of 0.2% in the fourth quarter of 2024.
Government consumption expenditure measured in national accounts terms recorded an increase of 1.2% in real terms in the first quarter of 2025 over a year earlier, compared with the increase of 2.1% in the fourth quarter of 2024.
Gross domestic fixed capital formation increased by 2.8% in real terms in the first quarter of 2025 over a year earlier, as against the decrease of 0.7% in the fourth quarter of 2024.
Over the same period, total exports of goods measured in national accounts terms recorded an increase of 8.7% in real terms over a year earlier, much faster than the increase of 1.3% in the fourth quarter of 2024. Imports of goods measured in national accounts terms grew by 7.4% in real terms in the first quarter of 2025, compared with the increase of 0.4% in the fourth quarter of 2024.
Exports of services rose further by 6.6% in real terms in the first quarter of 2025 over a year earlier, after the increase of 6.5% in the fourth quarter of 2024. Imports of services increased by 6.2% in real terms in the first quarter of 2025, compared with the increase of 8.3% in the fourth quarter of 2024.
On a seasonally adjusted quarter-to-quarter comparison basis, GDP increased by 2.0% in real terms in the first quarter of 2025 when compared with the fourth quarter of 2024.
Commentary
A Government spokesman said that the Hong Kong economy expanded solidly in the first quarter of 2025. According to the advance estimates, real GDP grew by 3.1% over a year earlier, picking up from the 2.5% growth in the preceding quarter. On a seasonally adjusted quarter-to-quarter basis, real GDP grew visibly by 2.0%.
Analysed by major expenditure component, total exports of goods posted accelerated growth amid sustained external demand. Exports of services continued to expand, supported by the increase in visitor arrivals and other cross-boundary economic activities. Overall investment expenditure grew in tandem with the economic expansion. However, private consumption expenditure registered a small decline, reflecting the lingering impact of changes in residents’ consumption patterns.
Looking ahead, as global trade tensions escalated abruptly in early April due to the significant increases in import tariffs imposed by the US, the downside risks surrounding the global economy have heightened visibly. The extremely high levels of trade policy uncertainty will dampen international trade flows and investment sentiment, which in turn overshadow the near-term outlook for the Hong Kong economy. Nonetheless, the sustained steady growth of the Mainland economy, together with the Government’s various measures to promote economic growth and expand into more diversified markets, will lend support to various economic activities in Hong Kong.
The revised figures on GDP and more detailed statistics for the first quarter of 2025, as well as the revised GDP forecast for 2025, will be released on May 16, 2025.
Further information
The year-on-year percentage changes of GDP and selected major expenditure components in real terms from the first quarter of 2024 to the first quarter of 2025 are shown in Table 1.
For enquiries about statistics on GDP by expenditure component, please contact the National Income Branch (1) of the C&SD (Tel: 2582 5077 or email: gdp-e@censtatd.gov.hk).
Source: Hong Kong Government special administrative region
The Census and Statistics Department (C&SD) released the latest figures on retail sales today (May 2).
The value of total retail sales in March 2025, provisionally estimated at $30.1 billion, decreased by 3.5% compared with the same month in 2024. The revised estimate of the combined value of total retail sales in January and February 2025 decreased by 7.8% compared with the same period a year earlier. For the first quarter of 2025, it was provisionally estimated that the value of total retail sales decreased by 6.5% compared with the same period in 2024.
Of the total retail sales value in March 2025, online sales accounted for 8.1%. The value of online retail sales in that month, provisionally estimated at $2.4 billion, decreased by 0.5% compared with the same month in 2024. The revised estimate of the combined value of online retail sales in January and February 2025 decreased by 2.4% compared with the same period a year earlier. For the first quarter of 2025, it was provisionally estimated that the value of online retail sales decreased by 1.7% compared with the same period in 2024.
After netting out the effect of price changes over the same period, the provisional estimate of the volume of total retail sales in March 2025 decreased by 4.8% compared with a year earlier. The revised estimate of the combined volume of total retail sales in January and February 2025 decreased by 9.9% compared with the same period a year earlier. For the first quarter of 2025, the provisional estimate of the total retail sales decreased by 8.3% in volume compared with the same period in 2024.
Analysed by broad type of retail outlet in descending order of the provisional estimate of the value of sales and comparing March 2025 with March 2024, the value of sales of jewellery, watches and clocks, and valuable gifts decreased by 3.9%. This was followed by sales of wearing apparel (-10.8% in value); commodities in department stores (-5.0%); motor vehicles and parts (-46.4%); fuels (-3.9%); footwear, allied products and other clothing accessories (-7.7%); Chinese drugs and herbs (-1.0%); books, newspapers, stationery and gifts (-0.9%); furniture and fixtures (-17.3%); and optical shops (-2.7%).
On the other hand, the value of sales of other consumer goods not elsewhere classified increased by 0.6% in March 2025 over a year earlier. This was followed by sales of commodities in supermarkets (+5.2% in value); medicines and cosmetics (+1.2%); food, alcoholic drinks and tobacco (+7.8%); and electrical goods and other consumer durable goods not elsewhere classified (+6.7%).
Based on the seasonally adjusted series, the provisional estimate of the value of total retail sales increased by 3.8% in the first quarter of 2025 compared with the preceding quarter, while the provisional estimate of the volume of total retail sales increased by 2.2%.
Commentary
A government spokesman said that the value of total retail sales increased further in March 2025 over the preceding month on a seasonally adjusted comparison, and its year-on-year decline continued to narrow. For the first quarter as a whole, the value of total retail sales resumed an increase over the preceding quarter on a seasonally adjusted comparison.
Looking ahead, the spokesman said the sustained steady growth of the Mainland economy, the Government’s proactive efforts to boost the consumption market through promotion of tourism and mega events, as well as the increase in employment earnings will continue to support the retail sector. However, the increased level of uncertainty in the global economic outlook and the ongoing impact of the change in consumption patterns will pose challenges to the sector.
Further information
Table 1 presents the revised figures on value index and value of retail sales for all retail outlets and by broad type of retail outlet for February 2025 as well as the provisional figures for March 2025. The provisional figures on the value of retail sales for all retail outlets and by broad type of retail outlet as well as the corresponding year-on-year changes for the first quarter of 2025 are also shown.
Table 2 presents the revised figures on value of online retail sales for February 2025 as well as the provisional figures for March 2025. The provisional figures on year-on-year changes for the first quarter of 2025 are also shown.
Table 3 presents the revised figures on volume index of retail sales for all retail outlets and by broad type of retail outlet for February 2025 as well as the provisional figures for March 2025. The provisional figures on year-on-year changes for the first quarter of 2025 are also shown.
Table 4 shows the movements of the value and volume of total retail sales in terms of the year-on-year rate of change for a month compared with the same month in the preceding year based on the original series, and in terms of the rate of change for a three-month period compared with the preceding three-month period based on the seasonally adjusted series.
The classification of retail establishments follows the Hong Kong Standard Industrial Classification (HSIC) Version 2.0, which is used in various economic surveys for classifying economic units into different industry classes.
These retail sales statistics measure the sales receipts in respect of goods sold by local retail establishments and are primarily intended for gauging the short-term business performance of the local retail sector. Data on retail sales are collected from local retail establishments through the Monthly Survey of Retail Sales (MRS). Local retail establishments with and without physical shops are covered in MRS and their sales, both through conventional shops and online channels, are included in the retail sales statistics.
The retail sales statistics cover consumer spending on goods but not on services (such as those on housing, catering, medical care and health services, transport and communication, financial services, education and entertainment) which account for over 50% of the overall consumer spending. Moreover, they include spending on goods in Hong Kong by visitors but exclude spending outside Hong Kong by Hong Kong residents. Hence they should not be regarded as indicators for measuring overall consumer spending.
Users interested in the trend of overall consumer spending should refer to the data series of private consumption expenditure (PCE), which is a major component of the Gross Domestic Product published at quarterly intervals. Compiled from a wide range of data sources, PCE covers consumer spending on both goods (including goods purchased from all channels) and services by Hong Kong residents whether locally or abroad. Please refer to the C&SD publication “Gross Domestic Product by Expenditure Component” for more details.
Users who have enquiries about the survey results may contact the Distribution Services Statistics Section of C&SD (Tel: 3903 7400; E-mail: mrs@censtatd.gov.hk).
Union Minister Shri Bhupender Yadav Participates in Ministerial Round table on “Means of Implementation” at BRS COP Shri Yadav Presents Summary of Key Deliberations Among Participating Ministers in the Ministerial Interactive Panel discussion
Posted On: 02 MAY 2025 2:23PM by PIB Delhi
On the second day of the High-Level Segment of the meetings of the Conferences of the Parties to the Basel, Rotterdam and Stockholm Conventions (BRS COPs), Union Minister for Environment, Forest and Climate Change, Shri Bhupender Yadav participated in the Ministerial Interactive Panel discussion on the theme “Means of Implementation.”
During the Ministerial Interactive Panel discussion, Shri Yadav presented a summary of key points emerging from the round table discussions with other countries held on 30th April, 2025. The summary of the round table discussions included emphasis on the importance of predictable international financing mechanisms and the mobilization of domestic resources through tools such as progressive taxation, carbon levies, and Extended Producer Responsibility (EPR).
The roundtable also discussed the need for innovative financing solutions, including green bonds, debt-for-nature swaps, chemical certificates, and green loans, as critical tools to attract private investment—particularly in countries with constrained fiscal capacity or those emerging from crises.
The necessity of coherent and transparent regulatory frameworks that incentivize private sector engagement through supportive policies such as bans on single-use plastics and tax incentives for green technologies was suggested. The importance of cross-sectoral alignment of environmental goals to drive transformative outcomes was also highlighted.
The roundtable discussion highlighted the role of strong institutional mechanisms, with participating ministers emphasizing inter-agency coordination, capacity building, and empowerment of environment ministries to effectively lead the implementation of Multilateral Environmental Agreements (MEAs). The need for robust data infrastructure and transparent monitoring systems was recognized as essential for evidence-based decision-making and building public confidence.
Ministers also agreed on the importance of regional cooperation, including the strengthening of regional centers to enable technical exchange, shared infrastructure, and capacity development. Special attention was drawn to the needs of conflict-affected nations and countries with limited institutional capacities. Proposals included direct access to international financing, conflict-sensitive programming, and tailored technical partnerships to ensure inclusive and equitable implementation.
On the sidelines of the BRS COPs in Geneva, Shri Yadav also engaged in key bilateral meetings: Union Minister Shri Yadav met with Ms. Inger Andersen, Executive Director, United Nations Environment Programme (UNEP) to discuss issues related to the upcoming Intergovernmental Negotiating Committee (INC-5.2) for developing a legally binding international instrument on plastic pollution, including its impact on the marine environment.
With H.E. Dr. Abdulla bin Abdulaziz bin Turki Al Subaie, Minister of Environment and Climate Change, Qatar, Shri Yadav held a productive discussion focused on enhancing bilateral cooperation in environmental protection and biodiversity conservation. Qatar was invited to participate in the International Solar Alliance (ISA).
In addition, Shri Yadav met with Mr. Rolph Payet, Executive Secretary of the Basel, Rotterdam and Stockholm Conventions; Ms. Ivonne Higuero, Secretary General of CITES; Ms. Musonda Mumba, Secretary General of the Ramsar Convention; Prof. Celeste Saulo, Secretary General of the World Meteorological Organization; and Ms. Monika Stankiewicz, Executive Secretary of the Minamata Convention during a dinner hosted at India House in Geneva. There was wide acknowledgment of the positive impact India is making in climate action and wildlife conservation under the leadership of Prime Minister Shri Narendra Modi. The leaders expressed keen interest in deepening their engagement with India, recognizing its proactive role in advancing global environmental priorities.
India’s participation in the 2025 BRS High-Level Segment reaffirms its unwavering commitment to “Viksit Bharat by 2047”, with environmentally sound management of chemicals and waste as a cornerstone of its sustainable development strategy.
Source: Hong Kong Government special administrative region
Fraudulent websites and internet banking login screens related to Bank of China (Hong Kong) Limited The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).
Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the websites or login screens concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012. Issued at HKT 17:00
Source: Hong Kong Government special administrative region
Incoming driver convicted and jailed for importing duty-not-paid cigarettes Through risk assessment and intelligence analysis, Hong Kong Customs intercepted an inbound private car, declared to be empty, at the Hong Kong-Zhuhai-Macao Bridge Hong Kong Port on December 11, 2024. Upon inspection, Customs officers seized 86 000 sticks of duty-not-paid cigarettes at the boot, rear seats and under the front passenger’s seat of the vehicle. The driver was subsequently arrested, and the private car was also seized. The estimated market value of the duty-not-paid cigarettes seized in the case was about $430,000, and the duty potential was about $280,000.
Customs welcomes the sentence. The custodial sentence has imposed a considerable deterrent effect and reflects the seriousness of the offences. Customs reminds members of the public that under the DCO, tobacco products are dutiable goods to which the DCO applies. Any person who imports, deals with, possesses, sells or buys illicit cigarettes commits an offence. The maximum penalty upon conviction is a fine of $1 million and imprisonment for two years.
Customs will continue to combat cross-boundary smuggling activities with firm enforcement action.Issued at HKT 16:53
Source: Hong Kong Government special administrative region
Inland Revenue Department issues tax returns for individuals??? Mr Chan said that the Inland Revenue (Amendment) (Tax Concessions) Bill 2025 was passed by the Legislative Council on April 30, 2025, which gives effect to the proposal in the 2025-26 Budget to reduce salaries tax, tax under personal assessment and profits tax for the year of assessment 2024/25 by 100 per cent, subject to a ceiling of $1,500 per case. Taxpayers only need to complete the tax returns for the year of assessment 2024/25 as usual. The tax concessions will be reflected in their final tax payable. He said, “The IRD is committed to promoting tax digitalisation and has been upgrading the functions of electronic tax filing to facilitate taxpayers and enhance the efficiency, reliability and accuracy of return filing. The IRD will launch three portals under eTAX this July, namely Individual Tax Portal, Business Tax Portal and Tax Representative Portal. Existing individual tax services provided by eTAX will be migrated to the Individual Tax Portal with a new design and enhanced functions. A mobile application for the portal will also be launched. The Business Tax Portal and the Tax Representative Portal enable businesses and service agents respectively to handle tax and business affairs electronically.”
He reminded taxpayers that when filing profits tax returns online, they may submit at the same time supporting documents in a specified electronic format. Details on electronic filing of profits tax returns are available on the IRD’s website Taxpayers may visit the IRD’s “e-Seminars—————————————————————
MIL-OSI
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Tax TypeRevenue (Provisional Figures) ($million)Revenue (Actual Figures) ($million)Personal AssessmentProfits TaxPlease see Annex 1 for details of the IRD’s tax revenue collection in the financial year 2024-25. Issued at HKT 16:50
Ms. Anuradha Prasad, former Secretary to the Government of India, Inter State Council Secretariat, Ministry of Home Affairs, took the Oath of the Office and Secrecy as Member, Union Public Service Commission today. The Oath was administered by Lt. Gen. Raj Shukla (Retd.), the seniormost Member of the Commission.
Ms. Anuradha Prasad did her graduation from the Lady Sriram College for Women and obtained a Masters in History from the University of Delhi. She also has a Masters Degree in Development Administration from the University of Birmingham, U.K.
Ms. Anuradha Prasad belongs to the 1986 batch of the Indian Defence Accounts Service. She has extensive experience in public policy, public finance, and cooperative federalism. In a career spanning over 37 years, she has worked in Union Ministries of Defence, Finance, Food Processing Industries, Labour & Employment and Home, gaining in-depth experience in policy & programme formulation and implementation.
As Finance Manager in the Acquisitions Wing of the Ministryof Defence, she handled acquisition of large platforms.In the Ministry of Finance, she handled finance and accounting for the Defence Services and the Ordnance Factory Board.During her stint in the Ministry of Food Processing Industries, Ms. Anuradha Prasad was instrumental in the development of the food industry through cold chain infrastructure, food testing laboratories and industry-driven R&D. She also has regulatory experience as Member of the Board of Food Safety and Standards Authority of India (FSSAI) as also the National Council for Vocational Education & Training (NCVET).
As Additional Secretary in the Ministry of Labour & Employment, she contributed to drafting of the Labour Codes and development of e-Shram Portal, a national database of workers in the unorganized sector.As Director General, Employees’ State Insurance Corporation (ESIC), she spearheaded various initiatives for health & welfare of workers during the Covid-19 pandemic.
As Secretary, Inter State Council Secretariat, Ministry of Home Affairs, she handled Centre-State and Inter-State relations and built consensus on many complex and sensitive issues resulting in key policy changes and expediting of infrastructure and other projects.
Post-retirement, Ms. Anuradha Prasad served as Member, Police Complaints Authority, Government of NCT Delhi.
A huge gathering of devotees chanted prayers and participated in the final ‘Darshan’ of Sarnath’s Holy Relic of the Buddha that was placed in the secure precincts of the National Museum for one day.
Among the dignitaries who participated in the prayers was Mr. Nguyen Thanh Hai, the Ambassador of Vietnam.
The Sacred Relic of the Buddha was carried out with reverance from the National Museum as a couple of hundred devotees lined the path and thronged at the gates of the Museum.
The cavalcade of vehicles with monks, nuns and delegates attending the Holy Relic exposition in Vietnam and the UN Day of Vesak celebrations reached Hindon air base where a ceremonial send off was held, with full State Honours for an onward journey to Vietnam.
As a special gesture, around 120 monks flew down from Vietnam to pay their obeisance to the holy relic and then returned to their country on the same day, before the Relic arrived in Vietnam , in order to receive the Holy Relic .
The delegation was led by Most Ven. Thic Hue Thong, Vice President of the Vietnam Buddhist Sangha. Most Ven. Dr Thich Nhat Tu, Vice President IBC and the Standing Vice Chancellor, Vietnam Buddhist University also flew down especially for receiving the Holy Relic.
The Ministry of Culture, Government of India in collaboration with the International Buddhist Confederation (IBC) New Delhi is organising for the first time the Holy Relic exposition in four cities of Vietnam from the 3- 21 May, 2025.
Shri Piyush Goyal, Minister of Commerce & Industry of India, and Mr. Maroš Šefčovič, European Commissioner for Trade and Economic Security, engaged in a forward-looking and substantive dialogue to address global trade challenges and reaffirm their shared resolve to conclude the India-European Union Free Trade Agreement (FTA) by the end of 2025. This commitment builds on the strategic direction given by Prime Minister, Shri Narendra Modi and President of the European Commission, Ms. Ursula von der Leyen during the landmark visit of the EU College of Commissioners to New Delhi in February 2025.
The high-level engagement underscores the strategic importance both partners attach to building a commercially meaningful, mutually beneficial, balanced, and a fair trade partnership that supports economic resilience and inclusive growth. The meeting highlighted the progress made across multiple negotiating tracks and emphasized the importance of maintaining the ongoing momentum through monthly negotiating rounds and continued virtual engagement. Both sides reiterated their aim to address pending issues in a spirit of mutual respect and pragmatism, including at the next round scheduled to be held from 12-16 May 2025 in New Delhi.
India emphasized that meaningful progress in trade negotiations requires equal focus on non-tariff barriers (NTBs) alongside tariff discussions and regulatory frameworks must be inclusive, proportionate, and avoid restricting trade.
The India-EU FTA aspires to reflect the evolving realities of global commerce by supporting digital transition, promoting diversified and resilient supply chains. Both sides expressed optimism that the agreement, once concluded, will serve as a transformative pillar of the broader India-EU strategic partnership, enhancing market access, supporting regulatory cooperation, and fostering innovation and competitiveness on both sides. Both sides acknowledged the crucial role of investment flows and people-to-people mobility in sustaining economic vitality.
In the spirit of India’s emergence as a “Vishwa Mitra”—a partner to the world—and aligning with its 2047 development goals, the India- EU FTA is seen as an instrument to promote diversified production networks and uphold fair trade principles. As India continues to broaden its footprint through multiple free trade deals, this dialogue reflects its broader vision of shaping a future-ready framework aligned with national priorities and global aspirations.
Source: Hong Kong Government special administrative region
Attention TV and radio announcers:
Please broadcast the following as soon as possible:
Here is an item of interest to swimmers.
The Leisure and Cultural Services Department announced today (May 2) that due to the sighting of a suspected red tide, the red flag has been hoisted at Silver Mine Bay Beach in Islands District. Beachgoers are advised not to swim at the beach until further notice.
Source: Hong Kong Government special administrative region
Appointments to Endangered Species Advisory Committee through Member Self-recommendation Scheme for YouthProfessor Wong Kam-boMr Chan Chun-pang Ms Chan Kwan-yee* Ms Angela Chan Nga-chi Dr Tommy Hui Tin-yan Ms Rose Ko Lai-fong Ms Elaine Shiu Yin-ning Dr Simon Sin Yung-wa Ms Cammy So On-man Mr Stanley Wong Cho-hang Ms Josephine Wong Lai-mei Mr Yang Jianhuan Mr Henry Yau Yik-chung Ms Fanny Yeung Shuk-fun Ms Zhu Huiling*Director of Agriculture, Fisheries and Conservation with Deputy Director of Agriculture, Fisheries and Conservation as alternate member Commissioner of Customs and Excise with Assistant Commissioner of Customs and Excise (Boundary and Ports) as alternate member Principal Assistant Secretary for Environment and Ecology (Nature Conservation) with Assistant Secretary for Environment and Ecology (Nature Conservation) 2 as alternate Member Assistant Director of Agriculture, Fisheries and Conservation (Conservation) Issued at HKT 12:00
Source: Hong Kong Government special administrative region
The Chinese Opera Festival (COF), as a core part of the Chinese Culture Festival (CCF) 2025, will launch the screening programme “Chinese Opera Film Shows” from May to September. The programme will showcase 10 classic Chinese opera films from the 1950s to 1980s, featuring Cantonese opera, Peking opera and Yuediao opera. To resonate with the theme of “Three Kingdoms” of this year’s COF, most selected films are inspired by the stories of “Romance of Three Kingdoms”, with a special focus on the plays related to “Zhou Yu Thrice Humiliated”, “Invoking the East Wind”, “A Meeting of Heroes” and “The Battle at Changbanpo”, making a delightful contrast between the stage performances and film screenings for similar repertories at the festival.
Details of the Cantonese opera film screenings are as follows:—————————————————————————————– Date: May 31 (Saturday) Starring: Sun Ma Si-tsang, Yam Kim-fai, Ng Kwun-lai, Choi Zhen-chu Synopsis: Zhuge Liang (Hung Ming) is entrusted to persuade Zhou Yu (Chow Yu) to form an alliance against the State of Wei, but Zhou repeatedly schemes to make things difficult for him. Later, after Shu seizes control of Jingzhou, Zhou attempts various stratagems to reclaim the territory, all of which are cleverly thwarted by Zhuge. Coupled with repeated military defeats, Zhou dies of frustration and despair.—————————————————————————————– Date: June 14 (Saturday) Starring: Ho Fei-fan, Lam Dan, Leung Sing-por, Mak Bing-wing Synopsis: General Fan Yuqi of Qin is entrusted to invite Crown Prince Dan of Yan and his consort to Qin as guests. The King of Qin breaks his promise and imprisons them instead. Fan helps the royal couple escape successfully. Infuriated, the King launches an assault on Yan on a false claim. Crown Prince Dan accepts the courtier Tian Guang’s recommendation to send Jing Ke to assassinate the King.—————————————————————————————– Date: July 12 (Saturday) Starring: Fong Yim-fun, Yam Kim-fai, Mak Bing-wing, Poon Yat-on Synopsis: Cao Cao decrees Lady Zhen is to marry Cao Pi. Heartbroken, Cao Zhi loses his creative spirit. Later, Pi ascends the throne. He believes rumours suggesting that Zhi is the father of his child, and forces Lady Zhen to take poison and banishes Zhi to a remote land, forcing the lovers apart forever.—————————————————————————————– Date: August 30 (Saturday) Starring: Sun Ma Si-tsang, Tang Bik-wan, Lau Hark-suen, Pak Lung-chu Synopsis: Dong Zhuo holds sway in the imperial court and renders the young king a mere figurehead, aided by the formidable warrior Lü Bu (Lui Bo). Concerned for the state, the songstress Diao Chan (Diu Sim) and minister Wang Yun devise a honey trap. Wang promises Diao’s hand to Dong and Lü. Diao begs Lü to rescue her by killing Dong. Meanwhile, Diao tearfully reports to Dong that Lü had taken liberties with her, thus turning the partners into enemies.—————————————————————————————– Date: July 9 (Wednesday) Starring: Xiao Changhua, Ma Lianliang, Tan Fuying, Ye Shenglan Synopsis: Zhou Yu and Huang Gai stage a ruse, pretending to defect to Cao Cao’s army and execute a fire attack. Cao is suspicious, and dispatches Jiang Gan to investigate. Jiang mistakenly believes that there is internal strife in Eastern Wu, and convinces Cao that Eastern Wu poses no real threat. In the end, Zhuge Liang successfully invokes the easterly wind, giving the Wu-Shu alliance the upper hand in battle.—————————————————————————————– Date: July 30 (Wednesday) Starring: Ma Lianliang, Tan Fuying, Ye Shenglan, Qiu Shengrong, Yuan Shihai, Xiao Changhua Synopsis: At Xiakou, Zhuge Liang and Zhou Yu come together to resist Cao Cao’s advances. To spy on their coalition, Cao dispatches Jiang Gan to visit Zhou under the guise of friendship. Zhou sees through the ruse and organises a grand feast for civil and military elites. He deliberately let Jiang steal a forged letter of surrender from Cao’s general and escape back to Cao’s camp. The letter leads the suspicious Cao to mistakenly believe that there is treachery within his ranks and to execute several of his own generals.—————————————————————————————– Date: August 6 (Wednesday) Starring: Gao Shenglin, Yuan Shihai, Li Shizhang Synopsis: After Shu’s defeat by Wei, Guan Yu is forced to surrender and imprisoned by Cao Cao. Later, he learns of Liu Bei’s whereabouts, and escapes to reunite with Liu. On hearing that Zhang Fei is stationed at the Old City, Guan rushes there, but Zhang is suspicious of Guan’s intentions. Guan shows his unwavering loyalty by killing Cai Yang of the Cao army who arrives in pursuit. Zhang realises his grave mistake and apologises. The brothers are reunited.—————————————————————————————– Date: August 27 (Wednesday) Starring: He Quanzhi, Shen Fengmei, Chen Jing, Mu Baicheng Synopsis: Zhou Yu is determined to reclaim Jingzhou. His negotiations with Zhuge Liang prove fruitless, triggering a fierce battle in which Zhou suffers a crushing defeat and dies of grief at Baqiu. Zhuge travels to Wu to attend Zhou’s memorial. General Zhang Zhao lays an ambush with the intent of capturing Zhuge. Zhuge points out to Zhang that any strife between the states of Shu and Wu would only benefit Cao Cao. At that moment, Cao is advancing with an army of hundreds of thousands. Zhang quickly apologises to Zhuge, and they begin discussing a joint plan to repel the invasion.—————————————————————————————– Date: September 3 (Wednesday) Starring: Mei Lanfang, Jiang Miaoxiang Synopsis: Cao Pi crowns Lady Zhen as royal consort, but she is drawn to the literary brilliance of his younger brother, Cao Zhi. The two begin a forbidden romance in the face of grave danger. Upon discovering Lady Zhen’s infidelity, Pi executes her in a fit of rage. Years later, Zhi dreams of a divine calling from the Goddess of River Luo, and he goes to the appointed place, astonished to find Lady Zhen waiting for him. She has become the Goddess of River Luo, a celestial being, forever separated from the mortal realm.—————————————————————————————– Date: September 10 (Wednesday) Starring: Yuan Shihai, Li Jialin, Yu Dalu Synopsis: Liu Bei’s retreat from Xinye is pursued by Cao Cao’s forces through the night at Changbanpo. Liu becomes separated from his troops and family. Zhao Yun charges into the enemy camp alone and rescues the local governors Jian Yong and Mi Zhu. He also fights valiantly to protect Lady Gan and Liu’s infant son, A Dou, leading them safely through the encirclement. The above-mentioned Cantonese opera films will be screened at the Lecture Hall of the Hong Kong Space Museum at 7.45pm, and the Peking opera and Yuediao opera films will be screened at the Cinema of the Hong Kong Film Archive at 7.30pm. Tickets priced at $70 per screening are now available at URBTIX (www.urbtix.hk The programme will also feature two sessions under the “Chinese Culture for All: A Special Performance Series”, featuring the film of Peking opera “A Meeting of Heroes” (1957), to be held at 11am and 2.30pm on September 8 (Monday) at the Cinema of the Hong Kong Film Archive. Free admission specially for local primary and secondary school students to allow them to have the opportunity to appreciate the traditions and essence of Peking opera through the timeless masterpiece. Interested schools can call 2268 7325 for details.
The city of dreams shimmered a little brighter this Thursday as Icon Star Allu Arjun took centre stage at the World Audio Visual Entertainment Summit (WAVES) 2025, held at Jio World Centre, Mumbai. The much-anticipated ‘In Conversation’ session titled ‘Talent Beyond Borders’, moderated by TV9 Network’s MD & CEO Barun Das, became a heartfelt masterclass in stardom, survival, and soul.
Allu Arjun praised the summit as a beacon for India’s rising global narrative in storytelling. “India has always had the soul. Now, we have the stage,” he said, beaming. “I believe WAVES will be a launching pad for India to lead the world in creative content.”
The conversation turned intimate as the Pushpa actor reflected on a life-altering accident that forced a six-month hiatus. “That pause was a blessing in disguise,” he revealed. “It made me shift my gaze inward, from stunts to substance. I realized, as the muscles fade, the mastery must rise. Acting became my new frontier.”
The actor confirmed his upcoming project with director Atlee, calling it “a visual spectacle rooted in Indian emotion.” “We’re blending international technology with Desi soul — a film for India, and from India, to the world,” he said, eyes gleaming with passion.
The conversation also delved into the challenges of surviving in an ever-evolving industry. “There are extraordinary young actors emerging in every language. You must stay authentic, stay hungry, and be versatile,” he advised. “This is not just an industry, it’s a battlefield of creativity, resilience, and evolution.”
But it was when he spoke of his roots that the hall collectively held its breath. With emotion lacing every word, Arjun paid tribute to his illustrious family: hisgrandfather Allu Ramalingaiah, father and producer Allu Aravind, and Chiranjeevi, his uncle and lifelong inspiration. “I’m not a self-made man,” he confessed. “I’ve grown with the guidance, support, and greatness of those around me. I’m blessed.”
When asked about his strength, he said it was all for the fans. “When the lights dim and the applause fades, it is you who lift me. It is you who remind me why I do this. My energy… is you.”
Inaugurated by Minister Narendra Modi, WAVES 2025 is being looked upon as a historic milestone in India’s creative odyssey.
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Team PIB WAVES 2025 | Rajith/Poushali/Riyas/CShekhar |139
Prime Minister Shri Narendra Modi dedicates Vizhinjam International Seaport in Kerala worth ₹8,800 crore to the nation The Vizhinjam International Deepwater Multipurpose Seaport in Kerala is a significant advancement in India’s maritime infrastructure: PM
Today is the birth anniversary of Bhagwan Adi Shankaracharya, Adi Shankaracharya ji awakened the consciousness of the nation by coming out of Kerala and establishing monasteries in different corners of the country, I pay tribute to him on this auspicious occasion: PM
India’s coastal states and our port cities will become key centres of growth for a Viksit Bharat: PM
Government in collaboration with the state governments has upgraded the port infrastructure under the Sagarmala project enhancing port connectivity: PM
Under PM-Gatishakti, the inter-connectivity of waterways, railways, highways and airways is being improved at a fast pace: PM
In the last 10 years investments under Public-Private Partnerships have not only upgraded our ports to global standards, but have also made them future ready: PM
The world will always remember Pope Francis for his spirit of service: PM
Posted On: 02 MAY 2025 1:16PM by PIB Delhi
Prime Minister Shri Narendra Modi dedicated Vizhinjam International Deepwater Multipurpose Seaport worth Rs 8,800 crore to the nation today in Thiruvananthapuram, Kerala. Addressing the gathering on the auspicious occasion of the birth anniversary of Bhagwan Adi Shankaracharya, the Prime Minister highlighted that three years ago, in September, he had the privilege of visiting the revered birthplace of Adi Shankaracharya. He expressed his joy that a grand statue of Adi Shankaracharya has been installed in the Vishwanath Dham complex in his parliamentary constituency, Kashi. He emphasized that this installation stands as a tribute to the immense spiritual wisdom and teachings of Adi Shankaracharya. He further highlighted that he also had the honor of unveiling the divine statue of Adi Shankaracharya at the sacred Kedarnath Dham in Uttarakhand. The Prime Minister noted that today marks another special occasion as the doors of the Kedarnath temple have been opened to devotees. Prime Minister Modi underscored that Adi Shankaracharya, originating from Kerala, established monasteries in different corners of the country, awakening the consciousness of the nation. He emphasized that his efforts laid the foundation for a unified and spiritually enlightened Bharat.
Shri Modi highlighted the vast ocean, rich with immense possibilities, standing on one side, while on the other, nature’s breathtaking beauty adds to the grandeur. Amidst all this, he emphasized that the Vizhinjam Deep-Water Sea Port has now emerged as a symbol of new age development. He extended his congratulations to the people of Kerala and the entire nation on this remarkable achievement.
Underscoring that the Vizhinjam Deep-Water Sea Port has been developed at a cost of ₹8,800 crore, the Prime Minister remarked that the capacity of this transshipment hub will triple in the coming years, enabling the smooth arrival of some of the world’s largest cargo ships. He pointed out that 75% of India’s transshipment operations were previously conducted at foreign ports, leading to significant revenue loss for the country. Emphasizing that this situation is now set to change, he asserted that India’s money will now serve India and the funds that once flowed outside the country will now generate new economic opportunities for Kerala and Vizhinjam’s people.
Shri Modi remarked that before colonial rule, India witnessed centuries of prosperity, emphasising that at one point, India held a major share in the global GDP. He highlighted that what set India apart from other nations during that era was its maritime capacity and the economic activity of its port cities. Noting that Kerala played a significant role in this maritime strength and economic growth, he highlighted Kerala’s historical role in maritime trade, emphasizing that through the Arabian Sea, India maintained trade links with multiple nations. He noted that ships from Kerala carried goods to various countries, making it a vital hub for global commerce. “Today, the Government of India is committed to further strengthening this channel of economic power”, he added and asserted, “India’s coastal states and port cities will become key centers for the growth of a developed India”.
“The port economy reaches its full potential when infrastructure and ease of doing business are promoted together”, emphasised the Prime Minister, stating that over the past 10 years, this has been the blueprint of the Government of India’s port and waterways policy. He highlighted that the government has accelerated efforts for industrial activities and holistic development of states. He further remarked that the Government of India, in collaboration with state governments, has upgraded port infrastructure under the Sagarmala Project and strengthened port connectivity. He noted that under PM Gati Shakti, waterways, railways, highways, and airways are being rapidly integrated for seamless connectivity. He added that these reforms in ease of doing business have led to greater investment in ports and infrastructure sectors. The Prime Minister stated that the Government of India has also reformed regulations concerning Indian seafarers, yielding significant results. He pointed out that in 2014, the number of Indian seafarers was below 1.25 lakh. Today, this figure has surged beyond 3.25 lakh. He emphasized that India now ranks among the top three countries globally in terms of seafarer numbers.
Highlighting that a decade ago, ships faced long waiting times at ports, significantly delaying unloading operations, Shri Modi noted that this slowdown affected businesses, industries, and the overall economy. He stressed that the situation has now transformed and over the past 10 years, India’s major ports have reduced ship turn-around time by 30%, improving operational efficiency. He remarked that due to enhanced port efficiency, India is now handling greater cargo volumes in shorter durations, strengthening the nation’s logistics and trade capabilities.
“India’s maritime success is a result of a decade-long vision and effort”, exclaimed the Prime Minister, underlining that over the past 10 years, India has doubled the capacity of its ports and expanded its National Waterways eightfold. He noted that today, two Indian ports are among the global top 30 ports, while India’s ranking on the Logistics Performance Index has also improved. Additionally, he pointed out that India is now among the top 20 countries in global shipbuilding. The Prime Minister further remarked that after strengthening the country’s basic infrastructure, the focus has now shifted towards India’s strategic position in global trade. He announced the launch of Maritime Amrit Kaal Vision, which outlines India’s maritime strategy to achieve the goal of a developed India. He recalled the G-20 Summit, where India collaborated with several major countries to establish the India-Middle East-Europe Economic Corridor, highlighting Kerala’s critical role in this corridor, emphasizing that the state will greatly benefit from this initiative.
Underscoring the critical role of the private sector in elevating India’s maritime industry to new heights, Shri Modi said that under Public-Private Partnerships, thousands of crores have been invested over the past 10 years. He emphasized that this collaboration has not only upgraded India’s ports to global standards but has also made them future-ready. He noted that private sector participation has driven innovation and enhanced efficiency.
Prime Minister highlighted that India is advancing towards the establishment of a shipbuilding and repair cluster in Kochi. He emphasized that once completed, this cluster will create numerous new employment opportunities, providing Kerala’s local talent and youth with a platform for growth. The Prime Minister further stated that India is now setting ambitious targets to strengthen its shipbuilding capabilities. He noted that this year’s Union Budget introduced a new policy to promote the construction of large ships in India, which will significantly boost the manufacturing sector. He emphasized that this initiative will have direct benefits for MSMEs, generating a large number of employment and entrepreneurship opportunities across the country.
“True development is achieved when infrastructure is built, trade expands, and basic needs of the common people are met”, stressed the Prime Minister, remarking that the people of Kerala have witnessed rapid progress over the past 10 years, not just in port infrastructure, but also in highways, railways, and airports. He highlighted that projects like the Kollam Bypass and Alappuzha Bypass, which had been stalled for years, were advanced by the Government of India. He also noted that Kerala has been provided with modern Vande Bharat trains, further strengthening its transport network and connectivity.
Shri Modi emphasized that the Government of India firmly believes in the principle that Kerala’s development contributes to India’s overall growth. He remarked that the government operates with the spirit of cooperative federalism, ensuring Kerala’s progress across key social parameters over the past decade. He highlighted several initiatives that have benefited the people of Kerala, including Jal Jeevan Mission, Ujjwala Yojana, Ayushman Bharat, and Pradhan Mantri Suryagarh Free Electricity Scheme.
Reiterating that the welfare of fishermen remains a top priority, the Prime Minister noted that under Blue Revolution and Pradhan Mantri Matsya Sampada Yojana, projects worth hundreds of crores have been sanctioned for Kerala. He further highlighted the modernization of fishing harbors, including Ponnani and Puthiyappa. Additionally, he remarked that thousands of fishermen in Kerala have been provided Kisan Credit Cards, enabling them to receive financial assistance worth hundreds of crores.
Underlining that Kerala has always been a land of harmony and tolerance, Shri Modi highlighted that centuries ago, Saint Thomas Church, one of the oldest churches in the world, was established here. He acknowledged the recent moment of grief that has touched people across the world when Pope Francis passed away a few days ago, leaving behind a profound legacy. He added that President Droupadi Murmu represented India at his funeral, paying respects on behalf of the nation. Shri Modi once again expressed his condolences to all those mourning this loss from the sacred land of Kerala.
Paying tribute to Pope Francis, acknowledging his spirit of service and his efforts to ensure inclusivity within Christian traditions, the Prime Minister remarked that the world will always remember his contributions. He shared his personal experiences, expressing his gratitude for having had multiple opportunities to meet Pope Francis. He noted that he received special warmth from him and cherished their discussions on humanity, service, and peace, which will continue to inspire him.
Extending his best wishes to all present at the event, Shri Modi envisioned Kerala as a major center for global maritime trade, leading to the creation of thousands of new jobs. He reaffirmed the commitment of the Government of India, working alongside the state government, to advance this goal. Shri Modi concluded by expressing confidence in the capabilities of Kerala’s people and stated, “India’s maritime sector will reach new heights”.
The Governor of Kerala, Shri Rajendra Vishwanath Arlekar, Chief Minister of Kerala, Shri Pinarayi Vijayan, Union Ministers, Shri Suresh Prabhu, Shri George Kurien were present among other dignitaries at the event.
Background
Vizhinjam International Deepwater Multipurpose Seaport worth Rs 8,800 crore is country’s first dedicated container transshipment port that represents the transformative advancements being made in India’s maritime sector as part of the unified vision of Viksit Bharat.
Vizhinjam Port, having strategic importance, has been identified as a key priority project which will contribute in strengthening India’s position in global trade, enhance logistics efficiency, and reduce reliance on foreign ports for cargo transshipment. Its natural deep draft of nearly 20 meters and location near one of the world’s busiest sea trade routes further strengthens India’s position in global trade.
The Vizhinjam International Deepwater Multipurpose Seaport in Kerala is a significant advancement in India’s maritime infrastructure. https://t.co/sUeQ5k7TK1
Inauguration of the Vizhinjam Port in Kerala is significant for India’s maritime sector. People have been waiting for this port for many years. It will boost trade, commerce and will be particularly beneficial for Kerala’s economy.
My visit to Kerala has happened on a very auspicious day, the Jayanti of Adi Shankaracharya. His contribution towards India’s cultural regeneration will forever be remembered. pic.twitter.com/1ii569wBMR
Anime Ascending: Experts Decode Global Storytelling Strategies and Industry Growth at WAVES 2025 India has a unique ability to scale bold models that have not worked elsewhere: Jeremy Lim, GFR Fund Visionaries Behind the Screen: Fireside Chat Explores the Future of VFX in Cinematic Universes at WAVES 2025
India to become a superpower in the VFX industry and WAVES is a great initiative to take it forward
Posted On: 01 MAY 2025 9:39PM by PIB Mumbai
Mumbai, 1 May 2025
The inaugural day at the maiden WAVES 2025 Summit at the Jio World Convention Centre in Mumbai witnessed insightful breakout sessions delving deep into the vibrant AVGC sector of India.
A dynamic breakout session titled “Anime Ascending: Unlocking Global Potential in Storytelling, Fandom & Industry Growth” brought together leading figures from the Japanese and Indian animation industries for a high-powered conversation on the evolution, emotional core, and global trajectory of anime, with key focus on India’s growing potential.
Moderated by Shri Munjal Shroff, Chair, FICCI AVGC-XR Forum, the session featured a distinguished panel: Mr. Makoto Tezka, Director & CEO, Nontetra; Mr. Hideo Katsumata, President, The Anime Times Company, Japan; Mr. Makoto Kimura, CEO, Blue Rights, Japan; Mr. Atsuo Nakayama, CEO & President, Re Entertainment Co. Ltd.; and Ms. Anu Sikka, Business Head – Kids Entertainment and Infotainment, Jiostar.
Mr. Hideo Katsumata spoke about the increasing focus on Indian audiences and languages. He underscored the importance of societal engagement and cultural integration, stating, “We are exploring ways to blend Japanese animation with Indian traditions to connect with local audiences.”
Mr. Atsuo Nakayama offered valuable insights into the economic impact of anime in Japan and noted the vital role of the consumer. He expressed optimism about India as a promising market for Japanese animation and stressed the potential of the entertainment business in bridging cultural and commercial ties between the two nations.
In a detailed presentation, Mr. Makoto Tezka traced the origin of anime, emphasizing that the roots of Japanese animation lie deeply embedded in manga culture.
Ms. Anu Sikka highlighted the extensive research undertaken in India to better understand what resonates with young viewers. “The cultural relatability and emotional connect with Japanese content have contributed to anime’s growing popularity among Indian children,” she said, adding that behavioral analysis of viewership trends has significantly guided programming decisions
Mr. Makoto Kimura emphasized on the growing global footprint of anime and its visible impact across countries.
Moderated by Aditya Mani, CEO of Yologram Style, an insightful breakout session titled The New Arcade: VC’s Perspective on Gaming’s New Frontier, provided an in-depth look at the exciting opportunities and innovations within India’s gaming sector. The session featured a distinguished panel of venture capitalists (VCs) who discussed key trends, challenges, and opportunities within the gaming industry. The panel included Anuj Tandon, Partner at Bitkraft Venture, Sharan Tulsiani, Founder of Jetapult, Vinay Bansal, Founder & CEO of Inflection Point Ventures, Nihansh Bhat, Corporate Development Lead at KRAFTON India, and Jeremy Lim, Principal at GFR Fund.
The panel emphasised India’s unique position as a country of storytellers. India’s rich cultural narrative tradition is increasingly being woven into interactive media. Gaming, they pointed out, is converging not only with films and digital fashion but also with mainstream media with Indian gaming studios emerging as significant contributors.
Jeremy Lim pointed out that India has a unique ability to scale bold models that have not worked elsewhere.
A key focus of the session was the role of localisation in driving success within emerging markets. While global models serve as inspiration, the panel underscored the necessity of adapting gaming experiences to local insights and consumer behaviours.
Looking ahead to 2025, the growing influence of artificial intelligence (AI) was underscored. AI is set to play a key role in personalising gameplay, enhancing user interaction, and driving immersive storytelling.
The breakout session on VFX provided a unique opportunity to explore the pivotal role of visual effects in modern cinema and its future in shaping storytelling. Moderated by Sh. Akhauri P. Sinha, Managing Director, Framestore India, the session featured distinguished panelists Sh. Jaykar Arudra, VFX Supervisor, DNEG; Sh. Sandeep Kamal, Independent VFX Supervisor; and Sh. Srinivas Mohan, acclaimed for his work on Baahubali and 2.0. The panelists provided insights into how VFX is revolutionizing cinematic narratives.
Sh. Jaykar Arudra stressed the importance of research and design in meeting the creative demands of VFX-intensive productions. “It’s not just about spectacle—it’s about story integrity,” he noted. He further stated, “India is poised to become a superpower in the VFX industry, and WAVES is a great initiative to take this vision forward.”
“Technology is a game-changer,” noted Sh. Srinivas Mohan. He said, “When applied wisely, it allows us to break limitations and create world-class visuals.”.
Sh. Sandeep Kamal discussed the increasing accessibility of high-quality VFX tools and how affordability is no longer a barrier to excellence. “A clear vision is what guides us in achieving both quality and deadlines,” he noted.
The breakout sessions embodied deep sentiments of optimism and collaboration, as Anime, VFX and Gaming continue to evolve as powerful cultural and commercial forces worldwide. These sectors hold unprecedented potential for India. True to the spirit of WAVES, the breakout sessions were a celebration of innovation and storytelling.
NHRC, India takes suo motu cognizance of the reported issue of non-availability of infrastructure and manpower to provide for the prisoners to pursue education in the Kerala jails Issues notice to the Director General of Prisons, Kerala, calling for a detailed report within four weeks
Posted On: 02 MAY 2025 12:51PM by PIB Delhi
The National Human Rights (NHRC), India has taken suo motu cognizance of a media report highlighting the issue of non-availability of infrastructure and manpower to provide for the prisoners to pursue education in the Kerala jails. Reportedly, the growing number of inmates, including those convicted of grave crimes, are choosing to turn their lives around by enrolling in regular or online educational courses, but the authorities are struggling to support their efforts.
The Commission has observed that the contents of the news report, if true, raise issues of violation of human rights of the prisoners who intend to pursue educational programmes/ courses. Therefore, the Commission has issued a notice to the Director General of Prisons, Government of Kerala, calling for a detailed report in the matter, within four weeks.
According to the media report, carried on 25th April, 2025, the Kerala prison authorities are facing severe staff shortage, lack of dedicated devices and secure internet connection for the inmates, willing to study online. Reportedly, there is no monitoring system to ensure that the prisoners will use the internet only for educational purposes. Another challenge is that some dangerous criminals are also now trying to apply for the regular course as a devious tactic to get the interim release to facilitate travel outside the prison.
Source: Hong Kong Government special administrative region
AAIA publishes investigation report on accident involving PHI Fantasia 22 paraglider The investigation was conducted by a team of professional investigators in strict adherence to international standards of the International Civil Aviation Organization (ICAO). “The objective of the investigation was to identify the circumstances and causes of the accident with a view to preventing a recurrence,” an AAIA spokesperson said.Issued at HKT 15:14
NITI Aayog today released the report on ‘Enhancing MSMEs Competitiveness in India’, prepared by NITI Aayog in collaboration with the Institute for Competitiveness (IFC). The report presents a detailed blueprint for unlocking the immense potential of India’s Micro, Small and Medium Enterprises (MSMEs) through systemic reforms in financing, skilling, innovation and market access.
The report delves into the key challenges affecting the competitiveness of MSMEs in India. Using firm-level data and the Periodic Labour Force Survey (PLFS), it provides recommendations to foster sustainable integration and enhance their incorporation into global value chains. It focuses on four important sectors – textiles manufacturing and apparel, chemical products, automotive and food processing while highlighting the sector-specific challenges and opportunities that need to be addressed to unlock the potential of MSMEs in India. The report examines current national and state policies, highlighting gaps in implementation and limited awareness among MSMEs.
One of the important findings of the report is the notable improvement in MSMEs’ access to formal credit. Between 2020 and 2024, the share of micro and small enterprises accessing credit through scheduled banks rose from 14% to 20%, while medium enterprises saw an increase from 4% to 9%. Despite these improvements, the report reveals that a substantial credit gap remains. Only 19% of MSME credit demand was met formally by FY21, leaving an estimated ₹80 lakh crore unmet. The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has expanded significantly, but still faces significant limitations. To bridge the credit gap and unlock inclusive, scalable finance for MSMEs, the report calls for a revamped CGTMSE, supported by institutional collaboration and more targeted services.
The report also highlights the pressing issue of skill shortages within the MSME sector. A large portion of the workforce lacks formal vocational or technical training, which hampers productivity and limits the ability of MSMEs to scale effectively. Many MSMEs also fail to invest sufficiently in research and development (R&D), quality improvement, or innovation, making it difficult to stay competitive in national and global markets. The report further points out that MSMEs face barriers in adopting modern technologies due to unreliable electricity supply, weak internet connectivity and high implementation costs. Despite state government schemes designed to support technological advancement in MSMEs, many enterprises are either unaware of them or unable to access them. In its analysis of clusters, the report finds that upgrading outdated technologies and improving marketing and branding capabilities are critical to improving competitiveness.
The report concludes that despite various MSME support policies and the recent boost to MSMEs through Union Budgets, increased effectiveness is hampered by low awareness. To enhance policy impact, the report recommends stronger state-level design and implementation, emphasising consistent monitoring, better data integration and improved stakeholder engagement in policy development.
India’s MSMEs can become a key driver of sustainable economic growth by focusing on targeted interventions, building stronger institutional collaborations and enhancing global competitiveness. It calls for enhanced support for MSMEs through digital marketing training, partnerships with logistics providers and creating platforms for direct market linkages, especially in regions with high growth potential, such as India’s northeastern and eastern belts. It calls for a robust, adaptive and cluster-based policy framework at the state level that fosters innovation, enhances competitiveness and enables MSMEs to drive inclusive economic transformation.
GAME and NITI Aayog join hands to catalyse healthy entrepreneurship ecosystems across India The partnership will focus on advancing location-based entrepreneurship interventions starting with pilot sites like Nagpur, Visakhapatnam, Uttar Pradesh
Posted On: 02 MAY 2025 12:16PM by PIB Delhi
Global Alliance for Mass Entrepreneurship (GAME) and NITI Aayog have announced a strategic partnership aimed at fostering vibrant entrepreneurship ecosystems across multiple states in India. This collaboration will focus on advancing place-based interventions, starting with pilot sites in Nagpur, Visakhapatnam and Uttar Pradesh.
The partnership seeks to empower local entrepreneurs bringing together relevant local stakeholders in that particular region’s entrepreneurship ecosystem, including government, corporates, educational institutes, financial institutes, champion entrepreneurs and community organisations. By creating localised solutions tailored to the unique challenges of each region, GAME and NITI Aayog aim to transform entrepreneurship into a movement that drives economic growth and job creation.
Ishtiyaque Ahmed, Programme Director – Industry/MSME vertical at NITI Aayog, speaking on the initiative said,“Our approach is rooted in end-to-end facilitation and collaboration across sectors. There is a need to leverage a bottom-up approach and work closely with local entrepreneurs and champions, understand their needs and support them in addressing their challenges.”
Under this partnership, the pilot sites will implement GAME’s proven methodologies that focus on enabling entrepreneurs to start and scale businesses. These interventions include access to finance, capacity-building programs, policy advocacy and community-driven initiatives. The ultimate goal is to create self-sustaining ecosystems that can generate widespread employment opportunities.
Ketul Acharya, President of GAME,while sharing his vision for the collaboration observed,“At GAME, we believe that entrepreneurship has the power to transform lives and communities. Our partnership with NITI Aayog is a significant step toward realising our mission of enabling a movement of millions of people starting and growing businesses, using local inputs to serve local needs as well as other markets. Together, we aim to create thriving local ecosystems that inspire innovation and drive inclusive growth.”
GAME has been at the forefront of fostering mass entrepreneurship since its inception in 2018. Through research, pilot programs and policy advocacy, GAME has worked tirelessly to unlock the potential of entrepreneurs across India. Its initiatives have empowered women entrepreneurs, strengthened MSME ecosystems and promoted sustainable business models in underserved regions.
The collaboration between GAME and NITI Aayog is expected to pave the way for innovative solutions that address systemic barriers to entrepreneurship. Developing healthy local entrepreneurial ecosystems benefits entrepreneurs with resources such as access to credit, markets, mentors and peer networks. By focusing on local contexts and fostering partnerships at multiple levels, this initiative will nurture a culture of entrepreneurship with local ownership and create lasting impact across India’s economic landscape.
About GAME:
Global Alliance for Mass Entrepreneurship (GAME) was created as a catalyst for a nationwide movement of mass entrepreneurship. The organisation aims to shift perceptions and nurture entrepreneurship in a multi-faceted and integrated manner. GAME works towards addressing challenges that include access to finance and markets as well as regulation through a collaborative approach across financial, educational and policy systems.
Since its inception, GAME has assisted 300,000+ entrepreneurs through various interventions enabling access to credit, access to market and place-based interventions, apart from other initiatives.
Source: Hong Kong Government special administrative region
Red tide sighted The red tide was spotted by staff of the Environmental Protection Department on April 25 at Tolo Harbour including Yim Tin Tsai fish culture zone. The red tide has dissipated. No associated death of fish has been reported.
A spokesman for the working group said, “The red tide was formed by Gonyaulax polygramma, which is commonly found in Hong Kong waters and non-toxic.”
The Agriculture, Fisheries and Conservation Department (AFCD) urged mariculturists at Yim Tin Tsai, Yim Tin Tsai East, Yung Shue Au and Lo Fu Wat fish culture zones to monitor the situation closely and increase aeration where necessary.
Red tide is a natural phenomenon. The AFCD’s proactive phytoplankton monitoring programme will continue to monitor red tide occurrences to minimise the impact on the mariculture industry and the public. Issued at HKT 14:28
Source: Hong Kong Government special administrative region
The National Security Department (NSD) of the Hong Kong Police Force on Apr 30, arrested two men, aged 35 and 68, in the Tseung Kwan O district, on suspicion of committing “attempting to deal with, directly or indirectly, any funds or other financial assets or economic resources belonging to, or owned or controlled by, a relevant absconder”, contravening Section 90(2)(b) and 90(3) of the Safeguarding National Security Ordinance and Section 159G of the Crimes Ordinance.
The Secretary for Security on December 24, 2024, exercised the powers conferred by the Safeguarding National Security Ordinance to specify seven absconded fugitives, including Kwok Fung-yee, for being suspected of having committed offences endangering national security, and to specify the measures to be applied against the relevant absconders by notices published in the Gazette. Investigations revealed that the two arrested persons assisted Kwok Fung-yee in changing the details of an insurance policy and attempted to withdraw its remaining value.
The NSD laid a charge against the 68-year-old man today (May 2) with one count of “attempting to deal with, directly or indirectly, any funds or other financial assets or economic resources belonging to, or owned or controlled by, a relevant absconder”, the case will be mentioned at the West Kowloon Magistrates’ Courts this afternoon. The other arrested man was released on bail pending further investigations.
Police remind members of the public that dealing with funds belonging to a relevant absconder is a serious crime. Offenders shall be liable to imprisonment for seven years on first conviction. Members of the public are urged not to defy the law.
Source: Hong Kong Government special administrative region
Police announced today (May 2) that the “floating colours” parade in Cheung Chau on May 5 is expected to draw a large number of spectators. Crowd safety management measures and special arrangements will be implemented. Police urge members of the public to plan their trips in advance.
A. Crowd safety management measures
Depending on crowd conditions, crowd safety management measures will be implemented on the following roads:
– Pak She Street; – â� San Hing Street; – Tung Wan Road; – Praya Street; – Tai San Praya Road; – Tai Hing Tai Road; – Chung Hing Street; – Tai Tsoi Yuen Road; – Tai San Back Street; – Hing Lung Main Street; – â� San Hing Back Street; – Man Shun Lane; and – Kwok Man Road.
“No staying zones” will be set up outside Cheung Chau Ferry Pier, Cheung Chau Public Pier and Shing Cheong Lane, where members of the public are prohibited from staying.
Members of the public are advised to exercise tolerance and patience, and take heed of instructions of the Police on site. They are also reminded to look after the accompanying children and elderly.
B. Ferry services
To facilitate the dispersal of spectators from the “floating colours” parade, the ferry company will increase the frequency of trips between Central and Cheung Chau. Members of the public are advised to pay attention to the latest arrangements announced by the ferry company before leaving home.
Police anticipate that the peak period for individuals departing from Cheung Chau will occur from 5pm to 6pm. During this time, those queuing at Cheung Chau Ferry Pier are advised to exercise patience and take heed of instructions of the Police on site. Members of the public are advised to avoid the peak time unless necessary.
India Showcases Creative and Technological Might at WAVES 2025 Discussions at WAVES on AI, Social Media and Advertising reflect India’s expanding footprint in the Digital Media sector
Posted On: 01 MAY 2025 9:24PM by PIB Mumbai
Mumbai, 1 May 2025
The inaugural session of WAVES 2025 was graced by Prime Minister Narendra Modi, who officially opened the summit at the Jio World Centre in Mumbai. In his keynote address, PM Modi emphasized India’s rich storytelling heritage and its potential to become a global hub for content creation. He highlighted the convergence of content, creativity, and culture as the pillars of the ‘Orange Economy,’ urging creators worldwide to “Create in India, Create for the World.” The Prime Minister also paid tribute to Indian cinema legends by releasing commemorative postage stamps. He called upon global creators to explore India’s diverse narratives, stating that every street, mountain, and river in India carries a story waiting to be told. The session was attended by dignitaries from over 100 countries, industry leaders, and renowned artists, marking a significant step in India’s journey to becoming a creative superpower.
AI and Creativity: Adobe and NVIDIA Chart the Future
Shantanu Narayen, CEO of Adobe, highlighted India’s emergence as a global hub of creativity powered by digital tools and generative AI. With over 100 million content creators and 500 million OTT consumers, Narayen described India as “the world’s next creative superpower.” He showcased Adobe’s Firefly AI models and stressed ethical AI, content authenticity, and creator attribution as vital for sustainable growth.
In a fireside chat, Richard Kerris and Vishal Dhupar of NVIDIA explored how AI is revolutionizing the creative pipeline—allowing content to be generated, localized, and personalized at scale. “India has long exported talent. Now it can export culture,” Kerris declared, emphasizing AI’s ability to amplify regional voices and transform India into a storytelling giant.
YouTube to offer more support to boost the Creator Economy
YouTube CEO Neal Mohan announced a ₹850 crore investment to accelerate India’s creator economy, citing over 15,000 Indian channels with more than 1 million subscribers. Joined by global creators Mark Rober and Gautami Kawale (Slayy Point), Mohan underlined YouTube’s role in taking Indian stories global. “India isn’t just leading in music and film—it’s now a Creator Nation,” he said. Kawale shared how regional Indian content, when rooted in culture, has universal appeal, while Rober spoke about the power of STEM content crossing borders through AI-enabled dubbing and localization.
WPP and the Advertising Renaissance
Mark Read, CEO of WPP, described the advertising industry’s $1 trillion global footprint and its shift towards AI-led storytelling. He unveiled WPP’s open video production platform and shared a campaign featuring Shah Rukh Khan to demonstrate hyper-personalized content creation using motion AI. “AI is not replacing creativity—it is expanding it,” Read said, outlining the role of MSMEs and digital tools in democratizing access to quality advertising.
Global Collaboration: UK-India Cultural Pact
In a keynote that blended diplomacy and personal heritage, Lisa Nandy, UK Secretary of State for DCMS, emphasized the cultural bridge between India and the UK. She announced a Bilateral Cultural Federation Agreement to strengthen ties across cinema, museums, and performing arts. “From Manchester to Mumbai, we must empower the next generation of storytellers,” she urged, citing the legacy of figures like Sophia Duleep Singh and modern UK-Indian creatives.
Panel Highlights: AI, Culture, and Influence; Two panel discussions deepened the discourse:
“India M&E @100: The Future of Media and Entertainment” featured leaders from Eros Now, Jetsynthesys, and GroupM. They emphasized that India is in the fourth wave of disruption, where AI-led IP creation and Gen Z consumption patterns are reshaping the industry.
“The Business of Influence”, moderated by YouTube’s Gautam Anand, showcased creators like Chef Ranveer Brar, ChessTalk’s Jeetendra Advani, and Japanese YouTuber Mayo Murasaki. From chess to agriculture, they demonstrated how digital platforms are taking Indian knowledge global while preserving cultural authenticity.
Source: Hong Kong Government special administrative region
​The Government published in the Gazette today (May 2) the Land (Miscellaneous Provisions) (Amendment) Regulation 2025 to revise the eight types of fees and three sets of economic costs payable as specified under the Land (Miscellaneous Provisions) Regulations (Cap 28A).
The revision cover the following categories:
(a) fees payable in respect of processing the applications for excavations and issuing excavation permits (XP) by the Government in relation to excavations in unleased land covering the extent in streets maintained by the Highways Department (HyD) and unleased land other than streets maintained by the HyD; and
(b) economic costs charged for the whole duration of the extended period of excavations in a street maintained by the HyD.
A spokesman for the Development Bureau said, “In line with the ‘user pays’ principle, it is the Government’s policy that fees charged by the Government should in general be set at levels adequate to recover the full cost of providing the services.
“The Government implemented a fee review moratorium on government fees and charges set on a cost recovery basis from August 2019 to December 2021. Starting from early 2022, the Government has gradually resumed the review of various fees. This is the first revision proposal for the above-mentioned fees and economic costs since the lifting of the fee review moratorium.
“In order to achieve full cost recovery gradually and avoid a steep fee increase, the eight types of fees payable in respect of processing the applications for excavations and issuing XP by the Government will be increased by 8 per cent to 20 per cent. In addition, three sets of economic costs charged for the whole duration of the extended period of excavations in a street maintained by the HyD will be increased by 24 per cent to 25 per cent to drive the excavation permittees to complete their works as soon as possible so as to minimise the disturbance to the road users.
“As stated in the Information Paper to the Legislative Council Panel on Development dated July 15, 2024, the service users involved in the subject fees and economic costs are mainly public utilities (such as electricity companies, telecommunication companies, and the town gas company). The subject fees and economic costs should represent a minute portion (amounting to around 0.1 per cent) of the total operating cost of the public utilities. Thus, the proposed increases should have a limited impact on their operations. The relevant stakeholders have been consulted on the proposed fee revision. They did not raise any comment on the proposed fee revision.”
The Regulation will be tabled at the Legislative Council on May 7. Subject to approval by negative vetting, the revised fees and economic costs will come into effect on July 1 this year.
Source: Hong Kong Government special administrative region
Proposed road works for expansion of Hong Kong Science Museum and Hong Kong Museum of History gazettedG/F, Harbour Building, 38 Pier Road, Central, Hong KongG/F, Mong Kok Government Offices, 30 Luen Wan Street, Mong Kok, Kowloon4/F, South Tower, West Kowloon Government Offices, 11 Hoi Ting Road, Yau Ma Tei, Kowloon A notice of objection should describe the objector’s interest and the manner in which he or she alleges that he or she will be affected by the works or the use. Objectors are requested to provide contact details to facilitate communication. A notice of objection should be delivered to the Secretary for Transport and Logistics not later than July 2, 2025. Issued at HKT 11:18
Source: Hong Kong Government special administrative region
Special traffic arrangements for Tam Kung Festival————- Shau Kei Wan Main Street East between Factory Street and Tung Hei Road, except for trams; – Tam Kung Temple Road; – A Kung Ngam Village Road between Tung Hei Road and A Kung Ngam Road; – Westbound Tung Hei Road between its eastern junction with A Kung Ngam Village Road and Mong Lung Street; – Eastbound Tung Hei Road between Oi Lai Street and its eastern junction with A Kung Ngam Village Road; – Eastbound Oi Lai Street between Oi Yin Street and Tung Hei Road; – Wang Wa Street; – Factory Street between Shau Kei Wan Main Street East and Wang Wa Street; – Eastbound Factory Street between Mong Lung Street and Shau Kei Wan Main Street East; – Kam Wa Street between Mong Lung Street and Wang Wa Street; – Basel Road; and – Miu Tung Street.——————- Traffic along westbound Island Eastern Corridor and Tung Hei Road heading for Shau Kei Wan will be diverted via A Kung Ngam Village Road.—————————– Metered parking spaces on Shau Kei Wan Main Street East; – Metered parking spaces on Wang Wa Street; and – Metered parking spaces and disabled parking spaces on Kam Wa Street.Issued at HKT 11:16
Source: Hong Kong Government special administrative region
AFCD urges public to think carefully before releasing animals A spokesman for the AFCD said, “In recent years, some members of the public have conducted mercy release activities in an improper manner, including releasing animals into unsuitable habitats, which may affect their survival. Moreover, releasing non-native species or species incompatible with the local ecology may have adverse impacts on the natural environment. As such, the Government does not encourage the public to release animals.”
The AFCD will deploy staff to conduct timely inspections at locations where animal releasing activities are likely to take place and will carry out publicity and education work.
Under the Prevention of Cruelty to Animals Ordinance (Cap. 169), it is an offence to cause unnecessary suffering to animals by releasing them not in a proper manner. Offenders are liable to a maximum fine of $200,000 and imprisonment for three years upon conviction.
The spokesman stressed that to safeguard animal welfare, members of the public must think carefully before participating in animal release activities. They may also consider participating in other charitable activities, such as planting trees or joining volunteer services with animal welfare groups and environmental organisations. Issued at HKT 11:00
Source: Hong Kong Government special administrative region
The Government announced today (May 2) that the Chief Executive has appointed five new members and reappointed nine incumbent members to the Equal Opportunities Commission (EOC) for a term of two years with effect from May 20, 2025.
The newly appointed members are:
Dr Eliza Chan Ching-har Ms Aruna Gurung Revd Canon Peter Douglas Koon Ho-ming Dr Lui Wai-cheung Mr Symon Wong Yu-wing
The reappointed members are:
Ms Queenie Chan Lai-kwan Ms Choi Yi-tak Miss Lily Chow Dr Theresa Cunanan Mr James Mathew Fong Mr Vishal Melwani Miss Shirley To Shuk-yi Ms Linda Tsang Chi-man Dr Kitty Wu Kit-ying
“The membership of the EOC represents a variety of expertise and sectors, including women; persons with disabilities; ethnic minorities; members from the employment, social services, legal, accounting, academic and education sectors; and the community at large. Their experience and expertise are instrumental to the work of the EOC in promoting equal opportunities,” said a Government spokesperson.
“We would like to take the opportunity to thank Mr Vincent Cheng Wing-shun, Dr Henry Shie Wai-hung, Ms Anna Thompson, Dr Rizwan Ullah, and Mr Gary Wong Chi-him, who will be stepping down from the EOC, for their staunch support for the work of the Commission over the years.”
“We look forward to the continuous concerted efforts of the Chairperson of the EOC as well as its members in constructing a more harmonious, inclusive and caring Hong Kong,” the spokesperson added.
Source: Hong Kong Government special administrative region
The Leisure and Cultural Services Department has once again invited members of “Fountain de Chopin”, a local emerging jazz music group, as the speakers and demonstrators for a ecture demonstration series entitled “Jazz Appreciation from Legends” that will be held from June to August. This new series consists of 10 lectures, each featuring one renowned jazz musician and his/her profound impact on future generations in each lecture. Complemented by live demonstrations of the musicians’ iconic compositions, audiences will be guided to appreciate the unique styles of various jazz music genres.
Details of each lecture are as follows:——————————————– Date: June 6 (Friday)——————————————— Date: June 13 (Friday)——————————————— Date: June 20 (Friday)——————————————— Date: July 4 (Friday)——————————————— Date: July 11 (Friday)——————————————— Date: July 18 (Friday)——————————————— Date: August 1 (Friday)——————————————— Date: August 8 (Friday)——————————————— Date: August 15 (Friday)——————————————— Date: August 29 (Friday)
Source: Hong Kong Government special administrative region
Testing and Certification Manpower Development Award Scheme 2025-26 opens for applications Launched in 2021 with favourable feedback from the local T&C industry, the Award Scheme has become a biennial signature event to encourage the T&C bodies to invest in talent training and development, while also commending those T&C practitioners who have striven for continuous learning and professional development, and/or contributed to service quality improvement.
The Award Scheme 2025-26 consists of two categories of awards, namely:
* Testing and Certification Manpower Development Corporate Award* Excellent Testing and Certification Professional AwardTwo independent Assessment Panels, comprising members of the HKCTC and stakeholders such as academia and public/industrial bodies, will be formed for the two categories of awards. The results of the Awards will be announced in the fourth quarter of 2025. All awardees will be invited to the award presentation ceremony and presented with a trophy together with an award certificate. The Corporate Awardees will also be permitted to display the logo for the Platinum Award or the Gold Award as appropriate on their websites and publicity materials.