Category: Asia

  • MIL-OSI Asia-Pac: RRBs achieve a record ₹7,571 crore profit in FY 2023-24; key financial indicators like CRAR, deposits, NPAs CD Ratio show steady improvement

    Source: Government of India (2)

    Posted On: 25 MAR 2025 5:51PM by PIB Delhi

    Government is reviewing the financial performance of Regional Rural Banks (RRBs) at national and regional levels. The agenda items for the review meetings, inter-alia, include:

    1. Review of the performance of RRBs on Financial Parameters and technology upgradation.
    2. Thrust on Micro Small and Medium Enterprise (MSME) portfolio.
    3. Importance on loan diversification towards Agri-allied, MSME and Retail Sectors. 

     Financial health of RRBs has improved in the recent years as they have posted highest ever consolidated net profit of ₹ 7,571 crore during FY 2023-24. Also, the RRBs have shown consistent improvement in key financial parameters like CRAR, deposits, advances, NPA, CD ratio etc. The Key Financial Parameters of RRBs have improved consistently in past years. The Total Balance sheet Size of RRBs have increased from Rs. 7,04,556 Crore in FY 2021- 22 to Rs. 8,40,080 Crore in FY 2023-24. Further the Net NPA has declined from 4.7% in FY 2021- 22 to 2.4%  in FY 2023-24. Also the Credit to Deposit Ratio has increased from 64.5% to 71.4% from FY 2021-22 to FY 2023-24.

    Government has also reviewed the progress made by RRBs in deepening financial inclusion in rural and remote areas by reviewing performance on various financial inclusion schemes like Pradhan Mantri Jan Dhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, Atal Pension Yojana etc.

    This information was given by Minister of State in the Ministry of Finance Shri Pankaj Chaudhary written reply to a question in Rajya Sabha today.

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  • MIL-OSI Asia-Pac: Government has Launched Multiple Digital Initiatives for Transparency and Efficiency, Reducing compliance burden in corporate filings

    Source: Government of India (2)

    Government has Launched Multiple Digital Initiatives for Transparency and Efficiency, Reducing compliance burden in corporate filings

    MCA21 V3 gives Enhanced Security with Web-Based Forms and Multifactor Authentication

    MCA Portal Mobile App provides stakeholders with easy access to various services available on MCA21 website

    Posted On: 25 MAR 2025 5:50PM by PIB Delhi

    To prevent fraudulent filings, web-based online forms have been introduced in MCA21 V3, incorporating field-level validations and auto-prefill functionalities across forms. Furthermore, multifactor authentication has been implemented to verify the identity of users accessing the system. Additionally, measures such as masking private information from public view have been adopted to ensure the confidentiality and integrity of the data.

    The Ministry has introduced several digital initiatives to enhance transparency, efficiency, quickness in service delivery for reducing compliance burden and enhancing user experience, a few are listed below: 

    1. The Centre for Processing Accelerated Corporate Exit (CPACE) for centralized processing of voluntary closure of Companies/LLPs.
    2. The Centralized Processing Centre (CPC) streamlines the verification process for various Non-STP forms by consolidating operations at a single location, replacing multiple RoC locations. 
    3. The MCA Portal Mobile App offers stakeholders seamless access to various services available on the MCA21 website. 
    4. The Chatbot serves as a unified communication channel, allowing stakeholders to interact via chat or call for query resolution. 
    5. The E-Adjudication system provides an end-to-end online platform for the processing of adjudication cases, ensuring efficiency and transparency.
    6. Stakeholders can also raise tickets on the MCA21 portal to provide feedback and report grievances if any, regarding challenges faced.

    The total number of corporate filings, processed through MCA21, have steadily increased from 67,02,788 in 2020-21 to 80,77,210 in 2023-24, reaching 84,30,731 by February 2025.

    This information was given by Minister of State in the Ministry of Corporate Affairs; and Minister of State in the Ministry of Road Transport and Highways, Shri Harsh Malhotra in Rajya Sabha today

     

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  • MIL-OSI Asia-Pac: Development of Fisheries Infrastructure

    Source: Government of India (2)

    Posted On: 25 MAR 2025 5:49PM by PIB Delhi

    The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying with effect from financial year 2018-19 has been implementing Fisheries and Aquaculture Infrastructure Development Fund (FIDF) with a total fund size of Rs 7522.48 crore to address the infrastructure requirement for fisheries sector. The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying based on the techno-financial proposals, so far, has approved a total 141 proposals at a cost of Rs. 5915.54 crore with restricting the project’s cost for interest subvention at Rs. 3947.54 crore to various State Governments, Union Territories and other End Implementing Agencies. The state-wise details of these projects approved under FIDF are furnished at Annexure-I.

    The key projects approved primarily include 28 Fishing Harbours, 24 Fish Landing Centers, 8 Fisheries Training Centres and 5 Fish Processing Units. This includes the four fishing harbours at a total investment of Rs 1291.40 crore approved for Andhra Pradesh. The state-wise and project-wise details of these key projects indicating the project-wise status, timeline, loans sanctioned and disbursed are furnished at Annexure-II.

    Annexure-I

    State-wise details of projects approved under Fisheries and Aquaculture Infrastructure Development Fund (FIDF)

    (Rs in crores)

    Sl No

    Name of State

    No. of projects approved

    Total Project Cost

    Amount eligible for interest subvention

    1

    Andhra Pradesh

    10

    1396.82

    653.05

    2

    Arunachal Pradesh

    1

    0.68

    0.54

    3

    Assam

    1

    0.41

    0.18

    5

    Goa

    1

    6.42

    5.00

    6

    Gujarat

    5

    1354.92

    750.00

    7

    Haryana

    1

    1.17

    0.64

    8

    Himachal Pradesh

    1

    5.17

    5.00

    9

    Jammu and Kashmir

    2

    120.70

    93.17

    10

    Karnataka

    2

    1.44

    0.79

    11

    Kerala

    3

    162.82

    151.20

    12

    Maharashtra

    17

    1069.17

    799.12

    13

    Manipur

    4

    1.15

    0.90

    14

    Mizoram

    1

    8.57

    6.85

    15

    Odisha

    4

    60.18

    33.83

    16

    Puducherry

    1

    2.46

    1.97

    17

    Tamil Nadu

    67

    1577.70

    1338.30

    18

    Telangana

    1

    4.70

    2.31

    19

    Uttar Pradesh

    2

    75.22

    60.09

    20

    West Bengal

    17

    65.85

    44.60

    Total

    141

    5915.54

    3947.54

     

    Annexure-II

    Status of fisheries infrastructure projects approved under Fisheries and Aquaculture Infrastructure Development Fund (FIDF)

    Fishing Harbours

    Sl No.

    State

    Name of the Project With Districts

    Financial Year

    Amount eligible for interest subvention

    Loan Sanctioned

    Loan Disbursed

    Status

    Physical Status

    Financial Status

    (i)

    (ii)

    (iii)

    (iv)

    (v)

    (vi)

    (vii)

    (viii)

    (ix)

    (x)

    1

    Andhra Pradesh

    Fishing Harbour at  Uppada in East Godavari

    2019-2020

    150.00

    150.00

    Nil

    Project Ongoing

    63.14%

    40.87%

    2

    Andhra Pradesh

    Fishing Harbour at  Machilipattinam in Krishna District

    2019-2020

    150.00

    150.00

    Nil

    Project Ongoing

    58.35%

    59.95%

    3

    Andhra Pradesh

    Fishing Harbour at Nizampattinam in Guntur District

    2019-2020

    150.00

    150.00

    Nil

    Project Ongoing

    61.10%

    38.26%

    4

    Andhra Pradesh

    Fishing Harbour at Vodarevu in Prakasham District

    2019-2020

    150.00

    Nil

    Nil

    Project Yet to Start

    NR

    NR

    5

    Gujarat

    Fishing Harbour at Porbandar-Phase: 2

    2019-2020

    150.00

    Nil

    Nil

    To take up

    NR

    NR

    6

    Gujarat

    Fishing Harbour at Navabandar

    2019-2020

    150.00

    150.00

    41.44

    Project Ongoing

    95%

    90.00%

    7

    Gujarat

    Fishing Harbour at Madhwad in Junagad District

    2019-2020

    150.00

    150.00

    4.02

    Project Ongoing

    14.19%

    10.27%

    8

    Gujarat

    Establishment of Fishing Harbour at Veraval – Phase: 2 in Gir Somnath District

    2019-2020

    150.00

    150.00

    1.66

    Project Ongoing

    47.59%

    42.46%

    9

    Gujarat

    Establishment of Fishing Harbour at Sutrapada

    2019-2020

    150.00

    150.00

    1.48

    Project Ongoing

    33.61%

    19.82%

    10

    Kerala

    Development of Arthunkal Fishing Harbour

    2020-2021

    150.00

    150.00

    0.50

    Project Ongoing

    NR

    NR

    11

    Tamil Nadu

    Fishing Harbour at  Tharangampadi in Nagapattinam District

    2018-2019

    120.00

    108.00

    107.94

    Project Completed

    100%

    100%

    12

    Tamil Nadu

    Fishing Harbour at  ThiruvottriyurKuppam in Tiruvallur District

    2018-2019

    150.00

    150.00

    135.655

    Project Completed

    100%

    60%

    13

    Tamil Nadu

    Fishing Harbour at Mudhunagar in Cuddalore

    2018-2019

    100.00

    90.00

    83.6281

    Project Completed

    100%

    82%

    14

    Tamil Nadu

    Fishing Harbour at  Vellapallam in Nagapattinam

    2018-2019

    100.00

    100.00

    42.6123

    Project Ongoing

    79%

    76%

    15

    Tamil Nadu

    Fishing Harbour at Azhagankuppam in Villupuram District

    2019-2020

    150.00

    150.00

    Nil

    Project Ongoing

    2%

    1%

    16

    Tamil Nadu

    Fishing Harbour at  Arcottuthurai in NagapattinamDisrtict

    2019-2020

    150.00

    150.00

    116.98

    Project Ongoing

    91%

    89%

    17

    Tamil Nadu

    Export Infrastructures in Mookaiyur Fishing Harbour in Ramanathapuram District

    2020-2021

    20.00

    20.00

    11.90

    Project Completed

    100%

    90%

    18

    Tamil Nadu

    Additional berthing facilities in Fishing Harbour at Thoothukudi

    2020-2021

    25.00

    25.00

    Nil

    Project Completed

    100%

    100%

    19

    Tamil Nadu

    Additional arrangements and Dredging the Fishing Harbour in Nagapattinam

    2020-2021

    6.00

    6.00

    5.79

    Project Completed

    100%

    89%

    20

    Tamil Nadu

    Extension of Fishing harbour in Kanyakumari

    2020-2021

    150.00

    150.00

    30.00

    Project Ongoing

    66%

    54%

    21

    West Bengal

    Infrastructural development at Deshpran Fishing HarbourPetuaghat.

    2019-2020

    3.25

    0.00

    Nil

    Project Dropped

    NR

    NR

    22

    Maharashtra

    Post Harvesting Facilities in Fisheries Habour at Ratnagiri

    2022-2023

    146.90

    146.90

    Nil

    project ongoing

    5%

    0%

    23

    Maharashtra

    Infrastructural Facilities in Fisheries Harbour at  Raigad.

    2022-2023

    150.00

    150.00

    Nil

    project ongoing

    45%

    32%

    24

    Maharashtra

    Infrastructure Facilities Fisheries Habour at Dapoli, Ratnagiri District

    2022-2023

    150.00

    150.00

    Nil

    project ongoing

    10%

    7%

    25

    Maharashtra

    Fisheries Harbour at Shrivardhan, Raigad

    2022-2023

    119.64

    119.64

    Nil

    Project Yet to Start

    NR

    NR

    26

    Tamil Nadu

    Modernisation of Fishing Harbour in Nagapattinam

    2022-2023

    81.00

    81.00

    Nil

    Project Ongoing

    79%

    76%

    27

    Tamil Nadu

    Additional Infrastructure facilities in Fishing Harbour at Thoothukudi

    2022-2023

    10.00

    10.00

    Nil

    Project Ongoing

    94%

    84%

    28

    Maharashtra

    Fisheries Harbour at Satpati, Palghar

    2022-2023

    150.00

    150.00

    Nil

    Project Yet to Start

    NR

    NR

     

    Fish Landing Centres

    Sl

    No.

    State

    Name of the Project With Districts

    FY

    Amount eligible for interest subvention

    Loan Sanctioned

    Loan Disbursed

    Status

    Physical Status

    Financial Status

    (i)

    (ii)

    (iii)

    (iv)

    (v)

    (vi)

    (vii)

    (viii)

    (ix)

    (x)

    1

    Odisha

    Fish Landing Centre at Khordha

    2020-2021

    9.29

    Nil

    Nil

    Project Dropped

    NR

    NR

    2

    Odisha

    Fish Landing Centre at Khordha

    2020-2021

    7.56

    Nil

    Nil

    Project Dropped

    NR

    NR

    3

    Odisha

    Fish Landing Center at Bhadruk

    2020-2021

    7.85

    Nil

    Nil

    Project Dropped

    NR

    NR

    4

    Tamil Nadu

    additional facilities to Fish Landing Centre at Portonovo-Annankovil in Cuddalore

    2020-2021

    10.00

    10.00

    3.85

    Project Completed

    100%

    100%

    5

    Tamil Nadu

    Fish Landing Centre at Keelamunthal in Ramanathapuram

    2020-2021

    10.00

    10.00

    8.50

    Project Completed

    100%

    100%

    6

    Tamil Nadu

    Additional Infrastructure facilities to Fish Landing Centre at Mudasalodai Village in Cuddalore

    2020-2021

    9.50

    9.50

    6.05

    Project Completed

    100%

    100%

    7

    Tamil Nadu

    Fish Landing Centre at Chandrapadi village in Nagapattinum

    2020-2021

    10.00

    10.00

    Nil

    Project Completed

    100%

    100%

    8

    Tamil Nadu

    Fish Landing Centre at Vanagiri Village in Nagapattinam

    2020-2021

    8.00

    8.00

    4.85

    Project Completed

    100%

    100%

    9

    Tamil Nadu

    Fish Landing Centre at Keezhathottam Village in Thanjavur

    2020-2021

    8.00

    8.00

    7.89

    Project Completed

    100%

    94%

    10

    Tamil Nadu

    T-Jetty at Tharuvaikulam in Thoothukudi

    2020-2021

    10.00

    10.00

    10.00

    Project Completed

    100%

    94%

    11

    Tamil Nadu

    Fish Landing Centre at Mandapam (North) in Ramanathapuram

    2020-2021

    10.00

    10.00

    9.98

    Project Completed

    100%

    95%

    12

    Tamil Nadu

    Fish Landing Centre at Mandapam (South) in Ramanathapuram

    2020-2021

    10.00

    10.00

    9.98

    Project Completed

    100%

    95%

    13

    Tamil Nadu

    Fish Landing Centre at Aruvikarai Village in Tirunelveli

    2020-2021

    10.00

    10.00

    Nil

    Project Completed

    100%

    100%

    14

    Tamil Nadu

    Fish Landing Centre at Kottaipattinam, Village in Pudukottai

    2020-2021

    3.05

    3.05

    2.36

    Project Completed

    100%

    94%

    15

    Tamil Nadu

    Fish Landing Centre at Vadakkamapattinam, Village at Pudukottai

    2020-2021

    1.55

    1.55

    1.25

    Project Completed

    100%

    97%

    16

    Tamil Nadu

    Fish Landing Centre at Puthukudi, Village at Pudukottai

    2020-2021

    1.40

    1.40

    1.20

    Project Completed

    100%

    99%

    17

    Tamil Nadu

    Fish Landing Centre at Sattankuppam at Thiruvallur

    2022-2023

    8.00

    8.00

    Nil

    Project Ongoing

    25%

    13%

    18

    Tamil Nadu

    Fish Landing Centre at Sunnambukulam at Thiruvallur

    2022-2023

    8.00

    8.00

    Nil

    Project Ongoing

    92%

    38%

    19

    Tamil Nadu

    fish landing centre at Tsunami Nagar and Akkaraigori village in Cuddalore

    2022-2023

    4.50

    4.50

    Nil

    Project Completed

    100%

    100%

    20

    Tamil Nadu

    fish landing centre at Sonankuppam village in Cuddalore

    2022-2023

    5.50

    5.50

    Nil

    Project Completed

    100%

    96%

    21

    Tamil Nadu

    Fish landing centre at Chithiraipettai and Nanjalingampettai villages in Cuddalore

    2022-2023

    7.50

    7.50

    Nil

    Project Ongoing

    91%

    47%

    22

    Tamil Nadu

    Fish Landing Centre at Pudhukuppam and Anichankuppam Villages in Villupuram

    2022-2023

    7.00

    7.00

    Nil

    Project Ongoing

    77%

    21%

    23

    Tamil Nadu

    Fish Landing Centre at Mudhaliyarkuppam and Chettynagar Villages in Villupuram

    2022-2023

    7.00

    7.00

    Nil

    Project Ongoing

    95%

    39%

    24

    Tamil Nadu

    Fish landing centre at Sothikuppam and Rasapettai village in Cuddalore District

    2022-2023

    8.50

    8.50

    Nil

    Project Ongoing

    77%

    53%

     

     

     

     

    182.20

    157.50

    65.90

     

     

     

    Fisheries Training Centres

    Sl No.

    State

    Name of the Project

    FY

    Amount eligible for interest subvention

    Loan Sanctioned

    Loan Disbursed

    Status

    Physical Status

    Financial Status

    (i)

    (ii)

    (iii)

    (iv)

    (v)

    (vi)

    (vii)

    (viii)

    (ix)

    (x)

    1

    Himachal Pradesh

    Establishment of State of art of Fisheries Training Centres, Gagret Dist. Una

    2020-2021

    5.00

    5.00

    0.54

    Project Ongoing

    25.25%

    20.91%

    2

    Tamil Nadu

    Construction of Integrated office building for Training Centre to the Fishermen at Trichy in Trichy

    2020-2021

    4.00

    4.00

    Nil

    Project Completed

    100%

    94%

    3

    Tamil Nadu

    Construction of Integrated Training Centre and Offices at Cuddalore

    2020-2021

    5.00

    5.00

    3.92

    Project Completed

    100%

    98%

    4

    Tamil Nadu

    Construction of Training Centre at Radhapuram in Tirunelveli District.

    2020-2021

    1.60

    1.60

    1.56

    Project Completed

    100%

    95%

    5

    Tamil Nadu

    Establishment of Training Centre

    2022-2023

    5.00

    5.00

    Nil

    Project Completed

    100%

    NR

    6

    Tamil Nadu

    Establishment of Training Centre at Mettur Dam in Salem District.

    2022-2023

    3.00

    3.00

    0.03

     

    Project Ongoing

    NR

    NR

    7

    West Bengal

    Capacity Expansion and modernisation of Govt. Freshwater Fisheries Research & Training Center, Kulia, Kalyani, Nadia

    2024-2025

    5.00

    Nil

    Nil

    Project Yet to Start

    NR

    NR

    Processing Plants

    Sl No.

    State

    Name of the Project

    FY

    Amount eligible for interest subvention

    Loan Sanctioned

    Loan Disbursed

    Status

    Physical Status

    Financial Status

    (i)

    (ii)

    (iii)

    (iv)

    (v)

    (vi)

    (vii)

    (viii)

    (ix)

    (x)

    1

    Andhra Pradesh

    Expansion of Processing Plant, M/s Ananda Foods, Ramayanapuram village, Bhimavaram, West Godavari District

    2020-2021

    8.82

    8.82

    8.82

    Project Completed

    100%

    100%

    2

    Karnataka

    Establishing Fish Processing Unit at Bangalore, by M/s Sashimi Foods Pvt.Ltd.,

    2020-2021

    0.68

    Nil

    Nil

    Project Yet to Start

    NR

    NR

    3

    Odisha

    EXPANSION OF SHRIMP PROCESSING UNIT OF “HIGHLAND AGRO”

    2022-2023

    9.13

    25.00

    25.00

    Project Completed

    100%

    100%

    4

    Andhra Pradesh

    Proposal of M/s Agro products, Andhra pradesh for setting up of a state-of-the -art shrimp processing unit in Nellore,Andhra Pradesh

    2024-2025

    37.39

    Nil

    Nil

    Project Yet to Start

    NR

    NR

    5

    Maharashtra

    A greenfield fish &Shrimp processing project proposed by M/s Pushpai Marine Exports Private Limited

    2024-2025

    22.51

    Nil

    Nil

    Project Yet to Start

    NR

    NR

    6

    Maharashtra

    Fish Processing Unit

    2024-2025

    5.07

    Nil

    Nil

    Project Yet to Start

    NR

    NR

    This information was given by Union Minister of State, Ministry of Fisheries, Animal Husbandry and Dairying, Shri George Kurian, in a written reply in Lok Sabha on 25th March, 2025.

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Global Head of IBM Corporation, an American multinational Technology Company headquartered in New York with presence in over 175 countries, Shri. Arvind Krishna called on Union Minister Dr. Jitendra Singh to explore potential joint collaborations in Quantum, Artificial Intelligence (AI) and geospatial AI solutions

    Source: Government of India (2)

    Global Head of IBM Corporation, an American multinational Technology Company headquartered in New York with presence in over 175 countries, Shri. Arvind Krishna called on Union Minister Dr. Jitendra Singh to explore potential joint collaborations in Quantum, Artificial Intelligence (AI) and geospatial AI solutions

    Both sides acknowledge the transformation of India under Prime Minister Narendra Modi which has placed this country as a frontline nation in AI and next-generation technologies

    Dr. Jitendra Singh reaffirms government’s pro-technology and forthcoming stance on innovation ecosystem with synergistic collaboration and partnership with the Private sector

    S&T Minister reiterates Prime Minister Narendra Modi’s unwavering support for a deep tech enabled India with indigenous solutions

    Posted On: 25 MAR 2025 5:49PM by PIB Delhi

    In a significant step towards elevating India’s global position in emerging technologies, Global Head of IBM Corporation, an American multinational Technology Company headquartered in New York with presence in over 175 countries, Arvind Krishna called on Union Minister Dr. Jitendra Singh to explore potential joint collaboration in Quantum, Artificial Intelligence (AI) and geospatial AI solutions.

    The meeting between the two delegations took place in the backdrop of India’s recently launched National Quantum Mission, positioning the country as a global leader in quantum technologies.

    During the discussion, both sides acknowledged the transformation of India under Prime Minister Narendra Modi which has placed this country as a frontline nation in AI and next-generation technologies.

    They deliberated on possibilities of integrating geospatial AI solutions to drive innovation and technological advancements across various sectors.

    Union Minister Dr. Jitendra Singh, Minister of State (Independent Charge) for Science and Technology, Earth Sciences, and Personnel, Public Grievances and Pensions, reaffirmed the Government of India’s pro-technology stance and its commitment to fostering a robust innovation ecosystem. He highlighted the government’s proactive approach in welcoming private sector participation, citing recent breakthroughs in the space sector following its unlocking for private investment. He also referenced the Union Budget announcement allowing non-government sectors to participate in nuclear energy development as a testament to India’s commitment to deep-tech innovation.

    Emphasizing the need for global collaboration, Dr. Jitendra Singh stated that India is now more open than ever to partnerships with private sector players to scale up technological advancements at a global level. He highlighted the role of the Anusandhan National Research Foundation (ANRF) in creating a strong research ecosystem and expressed confidence in the potential of Indian youth to achieve the goals of Viksit Bharat @ 2047.

    The Union Minister reiterated the government’s unwavering support for a deep-tech enabled India, emphasizing indigenous solutions and self-reliance in critical technologies. He also asserted that India is at par, if not ahead, of other nations in the field of emerging technologies.

    Prof. Abhay Karandikar, Secretary, Department of Science and Technology, actively participated in the discussions, assuring full support from government institutions to facilitate technological collaborations.

    From the IBM delegation, Sandip Patel, Country General Manager and MD; Kishore Balaji, Executive Director – GRA; and Amith Singhee, Director, IBM Research India & CTO, were also present, expressing their commitment to deepening IBM’s engagement with India’s technology ecosystem.

    The meeting marked a pivotal moment in India’s journey toward becoming a global leader in quantum computing, AI, and deep-tech innovations, with synergistic collaboration between the government and private sector driving the nation toward a technologically advanced future.

    *****

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    (Release ID: 2114941) Visitor Counter : 91

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Speech by Acting CE at Wealth for Good in Hong Kong Summit Principal Dinner (English only) (with photo/video)

    Source: Hong Kong Government special administrative region

    Speech by Acting CE at Wealth for Good in Hong Kong Summit Principal Dinner (English only) (with photo) 
    Distinguished guests, ladies and gentlemen,
     
    Good evening. It is with great pleasure that I welcome you to tonight’s Principal Dinner, on the eve of the third annual Wealth for Good in Hong Kong Summit.
     
    Allow me to begin by thanking our Hong Kong dancers for their elegant and innovative approach to the traditional Chinese lion dance – tonight performed as a lion ballet dance. That mingling of Asian and Western cultures is very much in keeping with today’s Hong Kong, the world’s rising East-meets-West centre for international cultural exchange.
     
    Hong Kong’s singular role as a gainful bridge between East and West is why many of you are here, with us, from all over the world – from Mainland China and throughout Asia, from Europe, the Americas, the Middle East and beyond. And while our Chief Executive, John Lee, is unfortunately away on a duty visit, I am delighted to be your host for this evening’s gala dinner.
     
    Over these next few days, I invite you to immerse yourselves in all that Hong Kong has to offer – to discover, first-hand, why our city is the leading choice for family offices.
     
    And for good reason. Hong Kong is a super-connector bringing together people and ideas. We are a platform for visionaries looking to create lasting legacies, a dynamic hub where your offices and families can flourish.
     
    The theme of this year’s Wealth for Good in Hong Kong Summit, “Hong Kong of the World, for the World,” smartly reflects that reality, spotlights our commitment to international collaboration and mutual rewards.
     
    Hong Kong’s advantages are clear and unique. Our “one country, two systems” framework ensures close and beneficial ties with our country and deep connectivity with the rest of the world.
     
    It helps, too, that Hong Kong is China’s international financial centre and one of the world’s major financial centres. In the latest Global Financial Centres Index, out last week, Hong Kong maintained its position as the world’s third-ranked financial centre, and the top in the Asia-Pacific. In the Index’s “human capital,” “infrastructure” and “financial sector development” areas, Hong Kong climbed to second, worldwide, while our rankings in “business environment” and “reputational and general” rose to third, globally.
     
    We are at the forefront of digitalisation, too, the first government to issue tokenised green bonds, demonstrating our flexibility and support for financial technology.
     
    And we will soon publish a second policy statement on virtual assets, including advancing stablecoin regulations to set a new global standard for the future of digital finance.
     
    Hong Kong is also a hub for world-class events such as this evening’s. We bring together thought leaders, policymakers, and industry innovators to help shape the future of finance, technology and sustainability.
     
    Yesterday, the Milken Institute held its second Global Investors’ Symposium, attracting senior players from finance, business, technology, healthcare, philanthropy and government.
     
    It’s just one of a number of events making up our “Wealth & Investment Mega-Event Week”. The HSBC Global Investment Summit opened earlier today. On Thursday, we have the Bloomberg Family Office Summit. And the World Economic Forum is hosting several sustainability-themed events here, including Friday’s One Earth Summit.
     
    Our commitment to creating an enriching environment extends beyond finance and investment. Earlier this month, we opened Kai Tak Sports Park, the striking, pearl-like landmark rising from the waterfront in East Kowloon.
     
    The world-class venue features a 50 000-seat stadium, complete with a retractable roof, and stunning views to Victoria Harbour from the South Stand. The 100-metre Champions Bar will be a popular watering hole this weekend, given that the renowned Hong Kong Sevens kicks off on Friday.
     
    And there’s more, much more, on tap this month in Hong Kong. Art Basel Hong Kong opens this week, featuring more than 240 galleries from 42 countries and regions. And the five-day Art Central opens tomorrow, spotlighting Asian galleries and emerging artists.
     
    Family offices, let me add, are no less critical to Hong Kong’s flourishing future.
     
    At the inaugural Wealth for Good in Hong Kong Summit, in 2023, we issued a Policy Statement setting out our strategic vision for family offices.
     
    The majority of the Policy Statement’s eight initiatives have already been implemented, I’m pleased to tell you.
     
    They include establishing a dedicated FamilyOfficeHK team within Invest Hong Kong. To date, the team has helped more than 160 family offices set up or expand their operations in Hong Kong.
     
    We’ve also launched the New Capital Investment Entrant Scheme, designed to attract asset owners to invest and reside in Hong Kong.
     
    And, more good news, a series of enhancement measures are now in place. They include recognising jointly owned assets and investments through specified family-owned entities. And that works well with the tax concession regime we introduced in 2023 for single-family offices.
     
    We are, let me add, expanding tax concessions for single-family offices, increasing the types of qualifying transactions. Add it up, and I think you’ll agree with me that Hong Kong is one of the world’s most attractive destinations for asset owners.
     
    More good reason to turn to Hong Kong for your family office future. You’ll be in good company, with more than 2 700 single-family offices now operating here.
     
    Ladies and gentlemen, I believe we’re just one group photo away from a fine dinner and a fabulous evening.

    ​I wish you all a rewarding Summit and a memorable stay in Hong Kong, Asia’s world city. Thank you.
    Issued at HKT 20:30

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Government Strengthens financial assistance for Loan Schemes for Entrepreneurs, Farmers, Small Businesses and startups

    Source: Government of India

    Government Strengthens financial assistance for Loan Schemes for Entrepreneurs, Farmers, Small Businesses and startups

    PMMY Offers Collateral-Free Loans for Small Businesses across Four Categories

    New Loan Scheme for first-Time Entrepreneurs announced in Union Budget 2025-26

    In Union Budget 2025-26, the government raised MISS loan limit for KCC borrowers from ₹3 lakh to ₹5 lakh

    Jan Samarth Portal: One-Stop Digital Platform for Easy access to 15 Government Loan Schemes

    Posted On: 25 MAR 2025 5:48PM by PIB Delhi

    The Government runs many credit Schemes for small traders, farmers and startups. The details of few of these schemes are mentioned below.

    It provides collateral-free institutional credit through Member Lending Institutions (MLIs) i.e. Scheduled Commercial Banks (SCBs), Regional Rural Banks (RRBs), Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs).

    Any individual, who is otherwise eligible to take a loan and has a business plan can avail loan under the Scheme. The loan is available for income generating activities in the manufacturing, trading, services sector and also for activities allied to agriculture across four loan products, viz. Shishu (loans up to Rs. 50,000), Kishore (loans above Rs. 50,000 and up to Rs. 5 lakh) and Tarun (loans above Rs. 5 lakh and up to Rs. 10 lakh).  Loans upto Rs. 20 lakh under Tarun Plus category are given to those entrepreneurs who have availed and successfully repaid previous loans under the ‘Tarun’ category.

    The objective of the Scheme is to facilitate loans from Scheduled Commercial Banks (SCBs) of value between Rs. 10 lakh and    Rs. 1 crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and one Woman borrower per bank branch for setting up greenfield enterprise in manufacturing, services or trading sector, including activities allied to agriculture.

    Under both the Schemes, the prospective borrowers may avail the loan for trading, activities allied to agriculture and for new business.

    As per para 32 of Union Budget 2025-26 “A new scheme will be launched for 5 lakh women, Scheduled Castes and Scheduled Tribes first- time entrepreneurs. This will provide term loans upto Rs.2.00 crore during next 5 years.  The Scheme will incorporate lessons from successful Stand Up India Scheme.  Online capacity building for entrepreneurship and managerial skills will also be organized.”

    Kisan Credit Card (KCC), introduced in 1998, is a banking product that provides farmers with timely and affordable credit for purchasing agricultural inputs such as seeds, fertilizers, and pesticides, as well as for meeting cash requirements related to crop production and allied activities.  In 2019, the KCC scheme was extended to cover the working capital requirements of allied activities, viz. Animal Husbandry, Dairy and Fisheries.

    Government of India under Modified Interest Subvention Scheme provides Interest Subvention of 1.5% to banks for providing short-term working capital loans upto Rs. 3 lakh at 7% p.a. Further, a Prompt Repayment Incentive of 3% is also provided to farmers on timely repayment of loans. Therefore, effective interest rate for farmers is 4%. In the Union Budget 2025-26, the Government has announced to enhance loan limit under the MISS from Rs. 3 lakh to Rs. 5 lakh for loans taken through the KCC.

    The Jan Samarth portal is a one-stop digital platform for linking fifteen Government-sponsored loans and subsidies Schemes. It provides a quick and efficient way to apply for loans and obtain approvals based on a digital evaluation of the applicant’s data. Further, many Banks and financial institutions have developed online platforms and mobile apps for end to end digital processing of loan applications, reducing the need for physical paperwork and in-person visits.   

    This information was given by Minister of State in the Ministry of Finance Shri Pankaj Chaudhary written reply to a question in Rajya Sabha today.

    *****

    NB/AD

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Loan for Fishermen

    Source: Government of India

    Posted On: 25 MAR 2025 5:47PM by PIB Delhi

    In the year 2018-19, Government of India has extended the facility of Kisan Credit Card to fishers and fish farmers to meet their working capital requirements. Under the scheme, farmers receive KCC loans up to Rs.2.00 Lakhs (fishers & fish farmers) at a subsidized interest rate of 7%. To facilitate this, an up-front interest subvention (IS) of 1.5% is provided to financial institutions by the Govt. of India and additionally, farmers who repay their loans promptly on time, receive a 3% Prompt Repayment Incentive (PRI), effectively reducing the interest rate to 4% per annum. Besides, the collateral-free loan limit for KCC fisheries has also been enhanced  from Rs.1.60 lakh to Rs. 2.00 lakh from 01.01.2025. Moreover, in the Union Budget 2025-26, the Government of India has increased the Kisan Credit Card (KCC) lending limit of loans up to ₹5 lakh to enhance credit accessibility for fishers, farmers, processors and other fisheries stakeholders under the Modified Interest Subvention Scheme. Till date, 4,63,492  KCC cards have been issued to fishers and fish farmers with a loan amount of Rs. 2982.58 crore in all States/UTs.

    Besides, the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, with effect from financial year 2018-19 is implementing Fisheries and Aquaculture Infrastructure Development Fund (FIDF) with a total fund size of Rs 7522.48 crore.  FIDF inter-alia provides concessional finance for development of various fisheries infrastructure facilities to the Eligible Entities (EEs), including State Governments/Union Territories, State entities and other Stakeholders for development of identified fisheries infrastructure facilities.  Under FIDF, the Department of Fisheries provides interest subvention up to 3% per annum for providing the concessional finance by the NLEs at the interest rate not lower than 5% per annum. A total of 141 projects with outlay of Rs.3947.54 crore have been approved under FIDF.

    Further, in order to provide social security measure to fishers, the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India under ongoing Pradhan Mantri Matsya Sampada Yojana (PMMSY) provides Group accidental insurance coverage to fishers wherein the entire insurance premium amount is borne by the Central and State Government, with no contribution from the beneficiary. The insurance coverage provided includes (i) Rs.5,00,000/- against death or permanent total disability, (ii) Rs.2,50,000/- for permanent partial disability and (iii) hospitalization expenses in the event of accident for a sum of Rs. 25,000/. During the last three years (2021-22 to 2023-24) and current financial year (2024-25) of the implementation of the PMMSY, 131.30  lakh fishers with an average of 32.82  lakh fishers annually have been enrolled for providing insurance coverage under the Scheme.

      This information was given by Union Minister of State, Ministry of Fisheries, Animal Husbandry and Dairying, Shri George Kurian, in a written reply in Lok Sabha on 25th March, 2025.

    *****

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  • MIL-OSI Asia-Pac: Global CEO of Eli Lilly, world’s pioneer Insulin manufacturing Company, David Ricks called on Union Minister Dr. Jitendra Singh to discuss strengthening partnership, with a focus on Insulin and Non-Communicable Disease (NCD) therapies as well as biomanufacturing

    Source: Government of India

    Global CEO of Eli Lilly, world’s pioneer Insulin manufacturing Company, David Ricks called on Union Minister Dr. Jitendra Singh to discuss strengthening partnership, with a focus on Insulin and Non-Communicable Disease (NCD) therapies as well as biomanufacturing

    The talks also covered the establishment of a Centre of Excellence for insulin therapies, as well as clinical trials for advanced treatment options

    Posted On: 25 MAR 2025 5:47PM by PIB Delhi

    Global CEO of Eli Lilly, world’s pioneer Insulin manufacturing Company, David Ricks called on Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh to discuss strengthening partnership, with a focus on Insulin and Non-Communicable Disease (NCD) therapies as well as biomanufacturing.

    Eli Lilly, a global pharmaceutical giant headquartered in Indianapolis, Indiana and a global pioneer in Insulin production for Diabetes and several other drugs particularly for Cancer etc has a significant presence in India through its subsidiary, Eli Lilly and Company (India) Pvt. Ltd. The company imports and markets medicines for diabetes, gastric cancer, lung cancer, breast cancer, osteoporosis, rheumatoid arthritis, and other critical diseases. Its operations also extend to Nepal, Bangladesh, and Sri Lanka through partnerships with local pharmaceutical firms.

    The talks also covered the establishment of a Centre of Excellence for insulin therapies, as well as clinical trials for advanced treatment options.

    Dr. Jitendra Singh, himself a renowned Endocrinologist, emphasized on carrying out studies particularly for India, as there is difference in metabolic disorders faced in India and the rest part of the world. He stressed that food habits and phenotype are different thus central obesity and visceral obesity is quite prevalent.

    With diabetes being a major health concern in India, discussions on expanding insulin production and accessibility hold immense significance. Dr. Jitendra Singh, who has been vocal about leveraging biotechnology for affordable healthcare solutions, welcomed the dialogue, emphasizing India’s growing capabilities in pharmaceuticals and clinical research. The conversation aligns with the government’s broader push for self-reliance in drug manufacturing and innovation in life sciences.

    Referring to India’s push for affordable healthcare for all and the importance of generic medicine, Dr. Jitendra Singh said “Both Generic Medicine and advancement in specialized medicine can co-exist in India.

    Eli Lilly’s engagement aligns with the government’s broader vision of achieving self-reliance in drug manufacturing and advancing innovation in life sciences. Dr. Jitendra Singh has emphasized that bio-manufacturing plays a crucial role in India’s Atmanirbhar Bharat initiative by reducing import dependence and ensuring wider access to cutting-edge therapies. He has pointed out that India’s robust pharmaceutical industry, evolving biotech ecosystem, and highly skilled scientific workforce position the country as a potential global leader in bio-manufacturing. The Minister has also highlighted the importance of government-industry collaboration in accelerating research, streamlining regulatory processes, and driving innovation, particularly in insulin production and treatments for non-communicable diseases.

    Eli Lilly’s engagement with India comes at a time when the country is focusing on bolstering its pharmaceutical industry, not just for domestic needs but also as a global supplier. The potential establishment of a Centre of Excellence could serve as a critical step in making insulin therapies more accessible, reinforcing India’s role in combating lifestyle diseases.

    The meeting underscores the increasing collaboration between global pharmaceutical firms and the Indian government, with a shared vision of enhancing healthcare accessibility and advancing research in non-communicable diseases.

    *****

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  • MIL-OSI Asia-Pac: TRAI responds to the DoT’s back-reference in respect of the TRAI’s recommendations dated 24.04.2024 on ‘Telecommunication Infrastructure Sharing, Spectrum Sharing, and Spectrum Leasing’.

    Source: Government of India

    Posted On: 25 MAR 2025 5:46PM by PIB Delhi

    The Telecom Regulatory Authority of India (TRAI) has today issued its response to the back-reference received from Department of Telecommunications (DoT) in respect of TRAI’s recommendations dated 24.04.2024 on ‘Telecommunication Infrastructure Sharing, Spectrum Sharing, and Spectrum Leasing’.

    Earlier, DoT, through a reference dated 07.12.2021 under Section 11 (1) (a) of the TRAl Act, 1997, requested TRAI to provide recommendations on allowing sharing of core network elements such as MSC, HLR, IN etc., among telecom operators. Subsequently, DoT, through a reference dated 10.02.2022, mentioning its earlier reference dated 07.12.2021, informed that “to promote optimum resource utilization among the licensees, it is proposed to allow sharing of all kinds of telecom infrastructure and network elements among all categories of service providers licensed under the Section 4 of Indian Telegraph Act, 1885 for provision of authorized telecom services”, and requested TRAI to provide recommendations on the subject.

    Considering the request of stakeholders to permit inter-band spectrum sharing and leasing of spectrum in the country, the Authority decided to take up the issues related to spectrum sharing and spectrum leasing along with the issues related to infrastructure sharing in the stakeholders’ consultation.

    After a comprehensive consultation with stakeholders, TRAI sent its recommendations on ‘Telecommunication Infrastructure Sharing, Spectrum Sharing, and Spectrum Leasing’ to DoT on 24.04.2024.

    Subsequently, DoT, through a back-reference dated 13.02.2025, informed TRAI that as per Section 11(1) of the TRAI Act 1997 (as amended), such recommendations on ‘Telecommunication Infrastructure Sharing, Spectrum Sharing, and Spectrum Leasing’ dated 24.04.2024, where the Government has reached a prima-facie conclusion that these recommendations may not be accepted or may need modification are being referred back to TRAI for its reconsideration.

    In this regard, after a careful examination, TRAI has sent its response to the back-reference to DoT. TRAI’s response to the back-reference has also been placed on the TRAI’s website (www.trai.gov.in).

    For any clarification or information, Shri Akhilesh Kumar Trivedi, Advisor (Networks, Spectrum and Licensing), TRAI may be contacted at Telephone Number +91-11-20907758.

    ***

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Assistant to Fishermen

    Source: Government of India

    Posted On: 25 MAR 2025 5:45PM by PIB Delhi

    The uniform ban on fishing for 61 days is implemented annually by the Department of Fisheries, Government of India in the Exclusive Economic Zone (EEZ) of India beyond territorial waters on both the coasts for 61 days (i.e., 15th April to 14th June in the East Coast, and 1st June to 31st July in the West Coast) based on the recommendations of the Technical Committee and in consultation with the coastal States/Union Territories (UTs). The traditional non-motorized units are exempted from this uniform fishing ban imposed in the Indian EEZ beyond territorial waters. Similarly, the coastal States/UTs are also implementing the fishing ban within their territorial waters in line with the uniform ban implemented in the EEZ. Under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) implemented by the Department of Fisheries, Government of India, the livelihood and nutritional support for socio-economically backward active traditional fishers is provided during the fishing ban/lean period. Livelihood and nutritional support for 5,97,709 fisher families has been provided annually during fishing ban/lean period, at a total investment of Rs.1059.94 crores during 2020-21 to 2023-24.

    As informed by the Department of Commerce, Ministry of Commerce and Industry, Govt. of India, there has been an import of fish and fish products worth 722.01 million USD to India in the last 3 years (FY 2021-22 to FY 2023-24), including import in the state of Tamil Nadu. As informed by the Marine Products Export Development Authority (MPEDA) under the Department of Commerce, Ministry of Commerce and Industry, there has been an export of fish and fish products worth 23,235.78 million USD from India in the last 3 years (FY 2021-22 to FY 2023-24), including fish and fish products worth 2,607.99 million USD from the state of Tamil Nadu.

    In order to promote the export of marine products, the Department of Fisheries, Government of India has taken several steps, these inter-alia include support through PMMSY for branding, standards and certification, training and capacity building, creation of post-harvest infrastructure with emphasis on seamless cold-chain and development of modern fishing harbours and fish landing centers, etc. In addition, to address the critical infrastructure requirements of fisheries and aquaculture sectors, the Department of Fisheries, GoI during 2018-19 has created the Fisheries and Aquaculture Infrastructure Development Fund (FIDF) with a total fund size of Rs 7522.48 crore to provide concessional finance to states/UT and private sector. In this regard the supported activities included development of 27,823 ice plant /cold storages and transportation facilities with an investment of ₹1362 Cr, acquisition of 1398 Deep Sea Fishing Vessels (₹ 1310 Cr) and up-gradation of 1338 fishing vessels (₹ 193.64 Cr). Further, Department of Fisheries has also approved the projects for export oriented fish species such as Scampi, Mud crab, Asian Seabass, Cobia etc. and supported the state-of-the-art aquaculture production technologies like RAS and Biofloc. In addition, Department of Fisheries, GoI has notified Tuna Cluster in the Union Territory of Andaman & Nicobar Islands, Seaweed Cluster in the Lakshadweep and has issued the Guidelines for promoting diversified species and Nucleus Breeding Centre (NBCs)/Broodstock Multiplication Centre (BMCs) under the Coastal Aquaculture Authority Act, 2005 (amended in 2023). Apart from this, to ensure the sustainability and uninterrupted supply of Indian seafood material to the US Market, the Department is supporting a Marine Mammal Stock Assessment Project at the cost of around ₹ 13.29 Cr. In order to meet the requirements of the export markets for wild-caught shrimp, the Department of Fisheries is facilitating the installation of Turtle Excluder Devices (TEDs) in shrimp trawlers by including TEDs as a separate line item under the PMMSY scheme, and has advised the maritime states/UTs to mandate TED usage in trawl nets through amendments in their respective Marine Fisheries Regulation Acts. To strengthen India’s seafood sector globally, the Government is facilitating ease of business by amending Coastal Aquaculture Authority Act (Amendment) 2023. In addition, the Department is conducting Investors meets, Stakeholders consultation and also advising the States/UTs to encourage the farmers to attend the technical and demonstration workshops/training programs related to seed and feed, technology infusion, ornamental fisheries, hatchery technologies etc. on periodic basis in order to increase in productivity and quality of fishery produce.

    This information was given by Union Minister of State, Ministry of Fisheries, Animal Husbandry and Dairying, Shri George Kurian, in a written reply in Lok Sabha on 25th March, 2025.

    *****

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  • MIL-OSI Asia-Pac: Union Home Minister and Minister of Cooperation, Shri Amit Shah says separatism has become history in Kashmir

    Source: Government of India

    Union Home Minister and Minister of Cooperation, Shri Amit Shah says separatism has become history in Kashmir

    A big victory for Prime Minister Shri Narendra Modi Ji’s vision of building a developed, peaceful and unified Bharat

    The unifying policies of the Modi government have tossed separatism out of J&K

     Two organizations associated with the Hurriyat announced the severing of all ties with separatism

    Posted On: 25 MAR 2025 5:43PM by PIB Delhi

    Union Home Minister and Minister of Cooperation, Shri Amit Shah has said that separatism has become history in Kashmir.

    In his post on X platform Home Minister said, the unifying policies of the Modi government have tossed separatism out of J&K. Two organizations associated with the Hurriyat have announced the severing of all ties with separatism.

    Shri Amit Shah said that he welcomes this step towards strengthening Bharat’s unity and urge all such groups to come forward and shed separatism once and for all. Union Home Minister and Minister of Cooperation said that it is a big victory for Prime Minister Shri Narendra Modi Ji’s vision of building a developed, peaceful and unified Bharat.

    *****

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  • MIL-OSI Asia-Pac: Aquaculture and Marine Export

    Source: Government of India

    Ministry of Fisheries, Animal Husbandry & Dairying

    Aquaculture and Marine Export

    Posted On: 25 MAR 2025 5:42PM by PIB Delhi

    The Government of India, Ministry of Commerce and Industry has established the Marine Products Export Development Authority (MPEDA) as a dedicated agency to facilitate export of seafood. MPEDA, through its field offices in maritime States and registered societies like NaCSA (National Centre for Sustainable Aquaculture), NETFISH (Network for Fish Quality Management & Sustainable Fishing) and RGCA (Rajiv Gandhi Centre for Aquaculture) is taking various activities to promote sustainable aquaculture and marine exports. In aquaculture, MPEDA focused on capacity building for better management practices, antibiotic reduction through initiatives like “SHAPHARI” certification and ELISA labs, and disease control through Aqua One Centres and mobile labs. MPEDA also supported sustainable shrimp farming through NaCSA and operated seven technology transfer projects via RGCA. In the marine sector, MPEDA, primarily through NETFISH, conducted workshops and trials for Turtle Excluder Device (TED) implementation, supported marine mammal stock assessments for US Marine Mammal Protection Act (MMPA) compliance, promoted eco-friendly fishing gear like square mesh cod ends, and organized numerous coastal clean-up drives and plastic collection projects and hands-on training programs and meets. The details of these projects and their outcomes, project-wise is furnished as Annexure-I and II.

    MPEDA has implemented several measures to promote environmentally sustainable shrimp farming by encouraging eco-friendly practices, responsible resource management, and disease prevention strategies. MPEDA also ensure quality and traceability through farm/hatchery enrollment and SHAPHARI certification programs, which include geographical mapping and unique identification numbers. MPEDA supports infrastructure development by providing financial assistance for nursery-rearing units and shrimp handling centers, all aimed at enhancing sustainable practices and ensuring high-quality, safe shrimp production for export. Additionally, through various training programs, MPEDA promote sustainable shrimp farming. With regard to seaweed cultivation, MPEDA-RGCA signed MoU with Department of Fisheries and Fisheries Welfare, Government of Tamil Nadu for supplying the quality germplasm of seaweeds and technical consultant for establishment of Multipurpose Seaweed Aqua Park under Pradhan Mantri Matsya Sampda Yojana (PMMSY) assistance.

    Annexure-I

    Aquaculture and Marine Export.

    Sl.No.

    Name of the project

    Name of the produce/ services

    No. of
    Beneficiaries

    Quantity
    supplied

    1

    Asian Seabass Hatchery, Thoduvai, Tamil Nadu

    Seabass fingerlings (nos.)

    4300

    49.8 million

    2

    Mud crab Hatchery,

    Thoduvai, Tamil Nadu

    Crab instar (nos.)

    919

    11.27 million

    3

    GIFT Tilapia Hatchery

    Vijayawada, Andra Pradesh

    GIFT seed (nos.)

    581

    50.48 million

    GIFT brood-fry (nos.)

    50

    84,295

    4

    Marine Finfish Hatchery,

    Pozhiyoor, Kerala

    Cobia fingerlings (nos.)

    95

    1,25,091

    Pompano (nos)

    115

    5,02,250

    5

    Aquatic Quarantine Facilities for

    L. vannamei, Chennai, Tamil Nadu

    L. vannamei  Broodstocks (nos.) quarantined

    4,175

    25,26,607

    P. monodon broodstocks (nos.) quarantined

    28,128

    P. monodon  PPLs (nos.) quarantined

    1,84,077

    L. vannamei PPLs (nos.)

    9,19,431

    6

    Artemia Demo Farm at

    Tharuvaikulam&Uppoor, Tamil Nadu

    Artemia biomass (kg)

    725

    9400

    Artemia cyst (tins)

    4,673

    7

    Multispecies Aquaculture Complex (MAC)

    Vallarpadam, Kerala

    GIFT Seed (nos.)

    8,704

    15.68 million

    Seabass fingerlings (nos.)

    1,484

    14,12,018

    Etroplus suratensis  seed (nos.)

    690

    12,12,425

    P. monodon seed (nos.)

    185

    89,69,455

    Contribution from RGCA Central Laboratories

    S.No

    Laboratory

    Testing (by samples)

    Samples

    (Nos)

    No. of Beneficiaries

    1

    Mobile Aquaculture Disease Diagnosis Laboratory

    Molecular diseases diagnosis (PCR)

     

    4,570

     

    1,094

    Microbiology & water parameters

    2

    Central Aquaculture Pathology Laboratory

    Molecular diseases diagnosis (PCR), Microbiology & water parameters,Histology

    Disease surveillance / NSPAAD,

    Seed health, PCR-based species identification,Sequencing-based species identification

     

     

     

     

     

    30,635

     

     

     

     

     

    4,532

    3

    Central Aquaculture Genetics Laboratory

    24,897

    555

                 

     

    Annexure-II

    Aquaculture and Marine Export.

    Sl.No.

     Hands on Training Program/ Meets

    No. of Trainings/ Events

    No. of Beneficiaries

    1

    Best Management Practices of nursery, grow-out and cage culture in earthen ponds for Asian Seabass

    95

    1,814

    2

    Best Management Practices of nursery, grow-out and Softshell culture of Mangrove Mud crab

    106

    1,909

    3

    Breeding, Seed Production and Grow – out farming of Genetically Improved Farmed Tilapia (GIFT)

    79

    1,165

    4

    Artificial Insemination Technique used for SPF Black Tiger Shrimp, Penaeus monodon with special reference to Broodstock Management, Maturation and Seed Production

    4

    22

    5

    Hatchery Production of Marine Finfish

    2

    3

    6

    Artemia Production & Processing of Cyst and Biomass

    8

    265

    7

    PCR and its Application in Aquaculture Pathology

    44

    945

    8

    PCR and its Application in Aquaculture Genetics Research

    37

    773

    9

    RAS ( Re-circulatory Aquaculture System)

    1

    23

    10

    Training at MAC, Vallarpadam

    13

    203

    11

    Farmers Meet/ Program for SC/ST beneficiaries:

     on Diversified Aquaculture/

    558

    17563

    This information was given by Union Minister of State, Ministry of Fisheries, Animal Husbandry and Dairying, Shri George Kurian, in a written reply in Lok Sabha on 25th March, 2025.

    *****

    AA

    (Release ID: 2114923)

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Revolutionizing Mobility

    Source: Government of India

    Revolutionizing Mobility

    The Make in India Auto Story

    Posted On: 25 MAR 2025 5:39PM by PIB Delhi

    Key Takeaways

    • Make in India has boosted domestic car production and EV manufacturing.
    • The automobile sector contributes approximately 6% to India’s national GDP
    • Vehicle production grew from 2 million (1991-92) to 28 million (2023-24).
    • Automobile exports reached 4.5 million units in FY 2023-24.
    • US $36 billion FDI attracted in the past four years.
    • 4.4 million EVs registered, with 6.6% market penetration.
    • PLI & PM E-DRIVE schemes supporting EV and battery manufacturing.
    • GST on EVs reduced from 12% to 5%.
    • India’s auto component sector contributes 2.3% to GDP and employs 1.5 million people directly.
    • The sector grew at a CAGR of 8.63% from FY16-FY24.
    • Exports reached US$ 21.2 billion in FY24 and are projected to hit US$ 30 billion by 2026.
    • The government is actively promoting electric mobility and advanced automotive technologies.

     

    Introduction

    Launched in 2014, the Make in India initiative has significantly transformed India’s automobile industry, fostering domestic car production and accelerating electric vehicle (EV) manufacturing. Over the past decade, policy reforms, fiscal incentives, and infrastructure development have positioned India as a key global automotive hub. The sector has attracted substantial investments, spurred innovation, and increased localization, contributing to economic growth and sustainability.

     

    The Indian auto industry is one of the fastest-growing sectors. It embarked on a new journey in 1991 with the de-licensing of the sector and subsequent opening up for 100 percent FDI through the ‘automatic route’.  Since then, almost all the global majors have set up their manufacturing facilities in India, taking the level of production of vehicles from 2 million in 1991-92 to around 28 million in 2023-24.

     

     

    The turnover of the Indian automotive industry is about USD 240 billion (20 Lakh Crore), which translates into a large contribution to the country’s economy and manufacturing sector. As per the Annual Report 2024-25 of the Ministry of Heavy Industries, around 30 million jobs (Direct: 4.2 million and Indirect: 26.5 million) are supported by the Indian Auto Industry.  Indian Automotive Industry exported vehicles and auto components amounting to about USD 35 billion. In terms of global standing, India is the largest manufacturer of three-wheelers, among the top 2 manufacturers of two-wheelers in the world, the top 4 manufacturers of passenger vehicles, and the top 5 manufacturers of commercial vehicles in the world.

     

    Auto Components Industry in India

    The auto component sector is one of the key pillars of India’s manufacturing industry, supplying critical parts and systems to domestic vehicle manufacturers and exporting to major global markets. The industry covers a broad spectrum of products, including engine parts, transmission systems, braking systems, electrical and electronics components, body and chassis parts, and more. India has become a preferred destination for auto component manufacturing due to its cost competitiveness, skilled workforce, and strong policy support. The auto component sector is expected to reach the $100 billion export target by 2030 making the sector one of the largest job creators in the country.

    Overview of the Auto Components Industry

    Contribution to GDP

    2.3%

    Direct Employment

    1.5 million people

    Industry Turnover (FY24)

    Rs. 6.14 lakh crore (US$ 74.1 billion)

    Domestic OEM Supply Share

    54%

    Export Share

    18%

    CAGR (FY16-FY24)

    8.63%

    Export Value (FY24)

    US$ 21.2 billion

    Projected Exports (2026)

    US$ 30 billion

     

    India’s auto component sector contributes 2.3% to India’s GDP, directly employing over 1.5 million people. The sector’s turnover in FY24 was Rs. 6.14 lakh crore (US$ 74.1 billion), with domestic OEM supplies making up 54%, and exports contributing 18%. Over FY16-FY24, the industry grew at a CAGR of 8.63%. In FY24, exports reached US$ 21.2 billion, with a trade surplus of US$ 300 million, and are projected to hit US$ 30 billion by 2026.

     

    The Indian auto components industry exports over 25% of its production annually. By FY28, the Indian auto industry aims to invest US$ 7 billion to boost the localisation of advanced components like electric motors and automatic transmissions by reducing imports and leveraging the “China Plus One” trend. In 2023, the auto component industry achieved a 5.8% reduction in imports over two years. The majority of the components sold to Original Equipment Manufacturers (OEMs) are engine components (26%), body/chassis/BIW (14%), suspension and braking (15%), drive transmission and steering (13%), and electricals & electronics (11%). Major exports are to Europe (US$ 6.89 billion), followed by North America (US$ 6.19 billion) and Asia (US$ 5.15 billion).

    Growth in Domestic Automobile Production

    The automobile sector contributes approximately 6% to India’s national GDP, with exports reaching 4.5 million units across all categories in FY 2023-24, including 6.72 million passenger vehicles and 3.45 million 2-wheelers. Global automotive companies like Skoda Auto Volkswagen India exporting 30% of their production and Maruti Suzuki exporting around 2.8 lakh units annually, exemplify this trend.

    The sector has attracted $36 billion in Foreign Direct Investment (FDI) over the past four years, highlighting India’s growing prominence in the global automotive landscape. Major international players are making substantial commitments, with Hyundai planning a USD 4 billion (INR 33,200 Crore) expansion, while Mercedes-Benz has pledged USD 360 million (INR 3,000 Crore). Recently, Toyota announced a USD 2.3 billion (INR 20,000 Crore) investment to further increase its capacity.

    Electric Vehicle (EV) Manufacturing Boom

    The country is also advancing in sustainable mobility, with 4.4 million Electric Vehicles (EV) registered by August 2024, including 9.5 lakh in the first eight months of 2024, achieving a 6.6% market penetration. To support this growth, the government has implemented initiatives such as the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) battery storage. In the 2024-25 Budget, the government allocated INR 2,671.33 crore under the FAME scheme and proposed the exemption of customs duties from the import of critical minerals required for EV cell components manufacturing.

    Additionally, in March 2024, the Electric Mobility Promotion Scheme (EMPS) was launched with an INR 500 Crore outlay for four months, specifically targeting support for the two and three-wheeler segments to expedite the transition to electric vehicles. These initiatives align with the recent discovery of lithium deposits in Jammu & Kashmir, positioning India to become a key player in the global battery manufacturing industry in the coming years. The Indian EV sector is likewise developing quickly and is predicted to record a growth of USD 113.99 billion in 2029.

    As per the inputs provided by Society of Indian Automobile Manufacturers (SIAM), the total annual production of Electric Vehicles (EVs) in India during the last five years, year-wise is as given below:

     

    The Ministry of Heavy Industries has formulated the following schemes to promote electric vehicles (EVs) and to address the various challenges faced in adoption of electric mobility including availability and accessibility of charging stations in the country:

    1. Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme Phase-II: The Government implemented this scheme for a period of five years from 1 April 2019 with a total budgetary support of INR 11,500 Crore. The scheme incentivised e-2Ws, e-3Ws, e-4Ws, e-buses and EV public charging stations. The Department of Heavy Industries has also sanctioned 2636 charging stations in 62 cities across 24 States/UTs under phase II. State-wise allocation of these charging stations is as follows:

     

    1. Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India (PLI-Auto): The Government notified this scheme on 23 September 2021 for Automobile and Auto Component Industry in India for enhancing India’s manufacturing capabilities for Advanced Automotive Technology (AAT) products with a budgetary outlay of INR 25,938 Crore. The scheme proposes financial incentives to boost domestic manufacturing of AAT products with minimum 50% Domestic Value Addition (DVA) and attract investments in the automotive manufacturing value chain.

     

    Feature

    Details

    Budgetary Outlay

    Rs. 25,938 crore

    Target Years

    FY 2022-23 to FY 2026-27

    Domestic Value Addition

    Minimum 50%

    Focus

    Advanced Automotive Technology (AAT) products

    Targeted Technologies

    Electric Vehicles (EVs) and Hydrogen Fuel-Cell Components

    Incentives for EVs and Hydrogen Fuel-Cell Components

    13% – 18%

    Incentives for AAT components

    8% – 13%

    Investment Attraction

    Global OEMs

    Eligibility

    Both domestic and export sales

     

    1. PLI Scheme for Advanced Chemistry Cell (ACC): The Government on 12 May 2021 approved PLI Scheme for manufacturing of ACC in the country with a budgetary outlay of INR 18,100 Crore. The scheme aims to establish a competitive domestic manufacturing ecosystem for 50 GWh of ACC batteries.
    2. PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme: This scheme with an outlay of INR 10,900 Crore was notified on 29 September 2024. It is a two-year scheme which aims to support electric vehicles including e-2W, e-3W, e-Trucks, e-buses, e-Ambulances, EV public charging stations and upgradation of vehicle testing agencies.
    3. PM e-Bus Sewa-Payment Security Mechanism (PSM) Scheme: This Scheme notified on 28 October 2024, has an outlay of INR 3,435.33 Crore and aims to support deployment of more than 38,000 electric buses. The objective of scheme is to provide payment security to e-bus operators in case of default by Public Transport Authorities (PTAs).
    4. Scheme for Promotion of Manufacturing of Electric Passenger Cars in India (SMEC) was notified on 15 March 2024 to promote the manufacturing of electric cars in India. This requires applicants to invest a minimum of INR 4,150 crore and to achieve a minimum DVA of 25% at the end of the third year and DVA of 50% at the end of the fifth year.

    Measures taken by other Ministries include the following initiatives:

    1. Ministry of Power has issued guidelines and standards for EV Charging Infrastructure titled, “Guidelines for Installation and Operation of Electric Vehicle Charging Infrastructure-2024” on 17 September 2024.  These revised guidelines outline standards and protocols to create a connected & interoperable EV charging infrastructure network in the country. 
    2. Ministry of Finance has reduced GST on EVs from 12% to 5%.
    3. Ministry of Road Transport & Highways (MoRTH) announced that the battery-operated vehicles will be given green plates and be exempted from permit requirements.
    4. Ministry of Housing and Urban Affairs has amended the Model Building Bye-Laws, mandating the inclusion of charging stations in private and commercial buildings.

    Conclusion

    The Make in India initiative has driven unprecedented growth in India’s automobile sector and Indi’s auto component sector, significantly boosting domestic car production and EV manufacturing. Through sustained policy support, investment influx, and technological advancements, India is on track to becoming a global leader in automotive and electric mobility and achieving greater self-reliance in the automotive sector.

    References

    https://e-amrit.niti.gov.in/national-level-policy

    https://www.investindia.gov.in/sector/automobile

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2084148

    https://www.makeinindia.com/6-superstar-sectors-boosting-make-india

    https://sansad.in/getFile/annex/266/AU2160_wHAoIx.pdf?source=pqars

    https://www.startupindia.gov.in/content/sih/en/bloglist/blogs/automobiles.html

    https://www.heavyindustries.gov.in/sites/default/files/2025-02/heavy_annual_report_2024-25_final_27.02.2025_compressed.pdf

    https://sansad.in/getFile/loksabhaquestions/annex/183/AU1262_4BzeHa.pdf?source=pqals

    https://static.pib.gov.in/WriteReadData/specificdocs/documents/2024/sep/doc2024925401801.pdf

    https://www.investindia.gov.in/sector/auto-components

    https://heavyindustries.gov.in/pli-scheme-automobile-and-auto-component-industry

    https://www.myscheme.gov.in/schemes/plisaaci

    https://pib.gov.in/PressReleasePage.aspx?PRID=2053179

    https://pib.gov.in/PressReleasePage.aspx?PRID=2085938

    https://invest.up.gov.in/auto-components-sector/

    Click here to see in PDF:

    Santosh Kumar | Sarla Meena | Rishita Aggarwal

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  • MIL-OSI Asia-Pac: Principal dinner sets stage for Wealth for Good in Hong Kong Summit

    Source: Hong Kong Government special administrative region

         Over 130 influential family office principals and family members from the Mainland, Asia, Europe, the Americas and the Middle East gathered at a principal dinner organised by the Government this evening (March 25) to set the stage for the third edition of the annual Wealth for Good in Hong Kong Summit (WGHK) to be held tomorrow (March 26), reaffirming the city’s role as a premier global hub for family offices.
     
         In his welcome remarks, the Acting Chief Executive, Mr Chan Kwok-ki, said, “Hong Kong is a ‘super connector’ bringing together people and ideas. We are a platform for visionaries looking to create lasting legacies, a dynamic hub where your offices and families can flourish.”
     
         The evening was graced with the presence of notable speakers Ms Maye Musk and the Vice-Chancellor of the University of Oxford, Professor Irene Tracey, at an inspiring fireside chat moderated by the Director-General of Investment Promotion at Invest Hong Kong, Ms Alpha Lau. The speakers shared their insights on women’s influence in leadership and legacy-building with a focus on the critical role of female leadership in shaping the future of business, innovation, and societal progress. The engrossing session fostered an atmosphere of collaboration, paving the way for insightful discussions and new partnerships at tomorrow’s summit, themed “Hong Kong of the World, for the World”.
     
         The event also charmed visitors with a captivating lion ballet performance against the dazzling night view of Victoria Harbour, amazing the attendees with a unique blend of cultural richness and the city’s legendary skyline.
     
         The WGHK will take place tomorrow afternoon with over 300 participants. The summit will not only convene principals and family members to discuss the future of wealth management in the region, but also encourage attendees to experience the city’s dynamic offerings through its vibrant neighbourhoods, dynamic arts scene and strong community spirit, which make the city an ideal destination for both families and businesses.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: The DBIM framework strengthens the government’s vision of ‘Minimum Government, Maximum Governance: Jayant Chaudhary

    Source: Government of India

    The DBIM framework strengthens the government’s vision of ‘Minimum Government, Maximum Governance: Jayant Chaudhary

    MSDE Launches DBIM-Compliant Website

    Posted On: 25 MAR 2025 5:29PM by PIB Delhi

    In a significant step toward strengthening India’s digital governance ecosystem, the Ministry of Skill Development and Entrepreneurship (MSDE) today launched its DBIM-compliant website, developed in alignment with the Digital Brand Identity Manual (DBIM) Version 3.0 introduced by the Ministry of Electronics and Information Technology (MeitY).

    Launching the revamped website, Sh. Jayant Chaudhary the Minister of State (Independent Charge), MSDE, said: “The DBIM framework strengthens the government’s vision of ‘Minimum Government, Maximum Governance’ by creating a unified and citizen-centric digital ecosystem. As India’s digital economy expands, a standardized and seamless service delivery model is crucial. Our Ministry’s website, aligned with DBIM 3.0, ensures that skilling opportunities are more accessible, inclusive, and efficient for every citizen.” Sh. Chaudhary congratulated the MSDE IT team and NIC for their efforts in making this possible. Further he encouraged all stakeholders to explore the website and leverage its enhanced features for seamless access to skilling initiatives and resources.

    The newly launched website enhances accessibility, uniformity, and ease of navigation for users, featuring AI-powered search, multi-language support through Bhashini, persona-led navigation, and centralized content management. With its three-click approach, it ensures citizens can seamlessly access essential services and skilling resources.

    The MSDE website serves as a one-stop digital hub showcasing all flagship schemes and initiatives of the Ministry, including Skill India Mission, Pradhan Mantri Kaushal Vikas Yojana (PMKVY), National Apprenticeship Promotion Scheme (NAPS), and more. Each initiative is seamlessly linked to its respective dashboard, portals, and resources, ensuring real-time access to data, performance metrics, and impact stories. The website’s integrated design enhances transparency and enables stakeholders, industries, and citizens to easily explore skilling opportunities, track progress, and engage with government programs more efficiently.

    The DBIM framework, introduced by MeitY, ensures a consistent digital presence across all government ministries and platforms, fostering a seamless, integrated, and transparent governance approach. MSDE is among the first five ministries to transition to this new system, reflecting its commitment to leveraging technology for efficient public service delivery.

    The Minister further urged all MSDE-operated portals to adopt DBIM standards soon, ensuring standardized governance across all digital platforms under the Skill India Mission.

    For more details, visit the new MSDE website: www.msde.gov.in

    ****

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: TECHNOLOGICAL INTERVENTIONS FOR EXPANSION OF RABI CROP CULTIVATION

    Source: Government of India (2)

    Posted On: 25 MAR 2025 5:08PM by PIB Delhi

    Government of India is implementing the National Food Security and Nutrition Mission (NFSNM) in 28 States and 2 Union Territories (UTs) viz. Jammu & Kashmir and Ladakh, to increase production of foodgrains through area expansion and productivity enhancement by providing incentives to the farmers, through the States/UTs, on crop production and protection technologies, cropping system-based demonstrations, distribution of certified seeds of newly released varieties/hybrids, integrated nutrient and pest management techniques, improved farm implements/tools/resource conservation machineries, water saving devices, capacity building of farmers through trainings during cropping seasons. The area under Rabi foodgrains in 2024-25 has increased by 14.35 lakh hectares, reaching a total of 565.46 lakh hectares, compared to 551.11 lakh hectares in 2023-24.

    The Government is implementing “Modified Interest Subvention Scheme (MISS)’ across various States and UTs in pan India to provide concessional interest rates on short-term agricultural loans through Kisan Credit Cards. The Government of India has also implemented several measures to improve the accessibility, transparency, and efficiency of the crop insurance scheme, which includes National Crop Insurance Portal (NCIP), a centralized platform for data management, subsidy payment, coordination, and online farmer enrolment. Digiclaim Module has been introduced to monitor the claim disbursal process. District and State Level Grievance Redressal Committees has been established to resolve farmer complaints. Additionally, the Krishi Rakshak Portal and Helpline (toll-free number 14447) allows farmers to raise issues related to claims, with fixed timelines for resolution. Other technological interventions such as YES-Tech, Weather information and Network Data System (WINDS), App for Intermediary Enrolment (AIDE App) etc. have also been implemented.

    Government on 31.05.2023, has approved the “World’s Largest Grain Storage Plan in Cooperative Sector. The Plan entails creation of various agri infrastructure at Primary Agricultural Credit Societies (PACS) level, including godowns, custom hiring center, processing units, Fair Price Shops, etc. The coordination between Railways and the Food Corporation of India (FCI) ensures efficient movement of foodgrains from surplus to deficit regions, addressing storage capacity, procurement, and allocations. Further, the government arranges procurement for all six mandated Rabi crops. For wheat and barley, FCI and state agencies provide price support to farmers. Procurement of pulses (Gram, Masur) and oilseeds (Rapeseed/Mustard, Safflower) is done under the Price Support Scheme (PSS) through the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) when market prices fall below the Minimum Support Price (MSP).

    This information was given by Minister of State for Agriculture and Farmer’s Welfare, Shri Ramnath Thakur in a written reply in Lok Sabha today.

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: BUDGET ALLOCATION

    Source: Government of India (2)

    Posted On: 25 MAR 2025 5:07PM by PIB Delhi

    Government of lndia is deeply committed to the well-being of farmers across the nation, which is evident through its remarkable increase in budget allocation for the Ministry of Agriculture & Farmers Welfare. The budget allocation for Ministry of Agriculture and Farmers Welfare has been increased from Rs 1,32,469.86 crore in 2024-25 to Rs 1,37,756.55 crore in 2025-26.

    As regard Pradhan Mantri Fasal Bima Yojana (PMFBY) it is informed that on account of several interventions by Government of India (GoI), the premium rates charged by the Insurance Companies under the scheme have significantly reduced and hence the premium liability of GoI has reduced.  In 2023-24 premium rate was 10.8% as compared to 15.9% in 2020-21.  It may be further noted that  Revised Estimates (2024-25) has been increased to Rs.15,864 crore as compared to  Rs.14,600 crore at Budget Estimates stage (2024-25). Further, Union Cabinet in its meeting held on 01.01.2025 has approved exemption from 10% mandatory allocation in North Eastern Region (NER) heads due to which funds which were surrendered in earlier years have been made available for utilisation for non-NER States which will significantly reduce past liabilities.  Keeping in mind the above, BE 2025-26 has been kept at Rs.12,242 crore.  Further,  the Union Cabinet in the meeting held on 01.01.2025  has also approved an increased outlay of Rs.69,515.71 crore under the scheme for the period 2021-22 to 2025-26.  Therefore, sufficient funds are available for additional allocation.

    Majority of the claims are settled within the stipulated timelines under the Operational Guidelines of the scheme by the insurance companies. However, during the implementation of PMFBY, some complaints against insurance companies about non-payment and/or delayed payment of claims; under payment of claims on account of incorrect/delayed submission of insurance proposals by banks; discrepancy in yield data & consequent disputes between State Government and insurance companies, delay in providing State Government share of funds, non-deployment of sufficient personnel by insurance companies etc., were received in the past which were suitably addressed as per the provisions of the scheme.

    Since the scheme is implemented by the State Government, therefore, in order to resolve the grievances/complaints including those related to claims of insured farmers, provision of Stratified Grievance Redressal Mechanism viz. District Level Grievance Redressal Committee (DGRC), State Level Grievance Redressal Committee (SGRC) has been made in the Revised Operational Guidelines of the Scheme. These committees have been given the detailed mandate as outlined in the Operational Guidelines for hearing the complaints/ grievances and to dispose them as per the stipulated procedure.

    To further improve the grievance redressal mechanism, Krishi Rakshak Portal and Helpline (KRPH) has been developed. A single Pan-India toll free number 14447 has been deployed and linked to the insurance companies database, where farmers can raise their grievances/issues. Timelines to resolve these grievances/issues has also been fixed.

    Department is regularly monitoring the functioning of insurance companies by various methods, including timely settlement of claims through weekly video conferences of all stakeholders, one to one meeting as well as National Review Conferences.

    Based on the experience gained, views of various stakeholders and with a view to ensure better transparency, accountability, timely payment of claims to the farmers and to make the scheme more farmer friendly, Government has periodically revised the Operational Guidelines of the PMFBY comprehensively to ensure that the eligible benefits under the scheme reach the farmers timely and transparently.

    This information was given by Minister of State for Agriculture and Farmer’s Welfare, Shri Ramnath Thakur in a written reply in Lok Sabha today.

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    MIL OSI Asia Pacific News

  • MIL-OSI Security: Evolutions Flooring Inc. and Its Owners to Pay $8.1 Million to Settle False Claims Act Allegations Relating to Evaded Customs Duties

    Source: United States Attorneys General

    Evolutions Flooring Inc. (Evolutions), a South San Francisco, California-based importer of multilayered wood flooring, and its owners, Mengya Lin and Jin Qian, have agreed to resolve allegations that they violated the False Claims Act by knowingly and improperly evading customs duties on imports of multilayered wood flooring from the People’s Republic of China (PRC). The settlement is based on Evolutions’ and its owners’ ability to pay.

    “Import duties provide an important source of government revenue and level the playing field for U.S. manufacturers against their global competitors,” said Acting Assistant Attorney General Yaakov M. Roth of the Justice Department’s Civil Division. “The department will pursue those who seek an unfair advantage in U.S. markets, including by evading the duties owed on goods imported into this country from China.” 

    To enter goods into the United States, an importer must declare, among other things, the country of origin of the goods, the value of the goods, whether the goods are subject to duties, and the amount of duties owed. U.S. Customs and Border Protection (CBP) collects applicable duties, including antidumping and countervailing duties assessed by the Department of Commerce and Section 301 duties imposed by the Office of the United States Trade Representative. Antidumping duties protect against foreign companies “dumping” products on U.S. markets at prices below cost, while countervailing duties offset foreign government subsidies. Section 301 duties similarly protect U.S. industry by imposing trade sanctions on foreign countries that violate U.S. trade agreements or engage in other unreasonable acts that burden U.S. commerce. During the relevant time period, PRC-manufactured multilayered wood flooring products were subject to antidumping, countervailing, and Section 301 duties.

    The settlement resolves allegations that Evolutions, at the direction of Lin and Qian, knowingly and improperly evaded customs duties, including antidumping, countervailing, and Section 301 duties, on multilayered wood flooring manufactured in the PRC that Evolutions imported between Sept. 1, 2019 and July 31, 2022. Among other things, the United States alleged that Evolutions caused false information to be submitted to CBP regarding the identity of the manufacturers and country of origin of the imported multilayered wood flooring.

    “The outcome of this case demonstrates that the United States Attorney’s Office for the Central District of California and its CBP partners will continue to safeguard the nation’s economic well-being,” said Acting U.S. Attorney Joseph McNally for the Central District of California. “Fraud in international commerce deprives the United States of vital revenue and creates an unfair advantage over businesses that operate legitimately. The settlement sends a message that we will not stand aside when companies try to cheat the system.”

    “The team at CBP was instrumental in providing expertise and logistical support to this investigation,” said Director of Field Operations Cheryl M. Davies of the CBP Los Angeles Field Office. “Through its efforts, which included a site visit to factories in Thailand, review of identified shipments by CBP experts on multilayered wood flooring, an analysis of import records and data by Office of Trade Regulatory Audit, and involvement in interviews with witnesses, CBP contributed to a successful outcome in this matter.”

    The settlement with Evolutions and its owners resolves a lawsuit filed by Urban Global LLC under the whistleblower provision of the False Claims Act, which permits private parties to file suit on behalf of the United States for false claims and share in a portion of the government’s recovery. The civil lawsuit was filed in the Central District of California and is captioned United States ex rel. Urban Global LLC v. Struxtur Inc. et al., No. CV20-7217 (C.D. Cal.). As part of today’s resolution, relator Urban Global LLC will receive approximately $1,215,000 of the settlement proceeds.

    The resolution obtained in this matter was the result of a coordinated effort between the Civil Division’s Commercial Litigation Branch, Fraud Section, and the U.S. Attorney’s Office for the Central District of California, with assistance from CBP’s Office of Chief Counsel, West Region and Trade Regulatory Audit and the Center of Excellence and Expertise for Industrial and Manufacturing Materials within CBP’s Office of Trade.

    Senior Trial Counsel Christelle Klovers of the Justice Department’s Civil Division and Assistant U.S. Attorney Desmond Jui for the Central District of California handled the case. 

    The claims resolved by the settlement are allegations only; there has been no determination of liability.

    MIL Security OSI

  • MIL-OSI United Nations: Amid Appalling Civilian Death Toll in Syria, Caretaker Authorities Must Signal ‘Era of Impunity’ Is Over, Special Envoy Tells Security Council

    Source: United Nations 4

    Several Speakers Urge Lifting Economic Sanctions on Damascus, Condemn Israel’s Ongoing Violations of Syria’s Sovereignty, Territorial Integrity

    Meeting today — 14 years after the start of the civil war in Syria, four months since the fall of the former regime and weeks removed from harrowing violence along the country’s coast — the Security Council heard of the need for accountability and economic recovery so that the country can move towards credible, inclusive transition.

    “The legacies of 14 years of war and conflict — and five decades of one-man rule — are huge,” said Geir O. Pedersen, the Secretary-General’s Special Envoy for Syria.  “So are the immediate challenges facing the Syrians today,” he added. While many have rejoiced at their newfound ability to gather in public spaces without fear, many others have faced devastating violence on Syria’s coast.  On that, he said that “armed groups associated with the former regime” attacked and ambushed caretaker authority forces across that region on 6 March. “Serious armed confrontations ensued, resulting in significant numbers of casualties among the warring factions,” he reported.

    “But far more disturbing was the appalling civilian death toll,” he stressed, spotlighting “widespread footage of grave violations of a plainly sectarian and retaliatory nature”.  Detailing the broader context of fomenting insecurity, hate speech, sense of exclusion and pent-up grievance, he said that further investigation is needed to fully determine the perpetrators of the “shocking” violence against civilians.  For their part, the caretaker authorities have announced an independent investigative committee tasked with examining violations by all sides.  He underscored that findings must be made public and those responsible held accountable to clearly signal that “the era of impunity in Syria is in the past”.

    He went on to express concern over recent Israeli statements on the intention to stay in Syria “for the foreseeable future”, as well as demands for the “full demilitarization of southern Syria”, calling on the Council to “hold Israel to its commitment that this is a temporary presence”.  Additionally, he detailed the caretaker authorities’ actions to establish a transitional Government, a permanent Constitution and transitional justice. “Syrians need an economic future,” he added, welcoming humanitarian pledges made at the ninth Brussels Conference on 17 March to support Syria’s recovery.  However, observing that “more resources will be needed”, he also urged “fast and broad sanctions easing”.

    Tom Fletcher, Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, cited progress on that front, with expanded cross-border deliveries from Türkiye, engagement with Member States to ease sanctions, the repair of infrastructure to restore access to water and the clearance of over 1,700 pieces of unexploded ordnance. Nevertheless, he underscored:  “We need more funding.”  The 2024 Humanitarian Appeal for Syria was only 35 per cent funded, and in 2025, almost half of organizations funded by the United States have received full or partial stop orders.

    Stating that $2 billion is needed to reach 8 million of the most vulnerable people through June, he noted that his office has only received $155 million to date — 13 per cent of what is needed.  Yet, 16 million people — nearly three quarters of the Syrian population — lack sufficient food, water, shelter and medicine.  While stating that there are real reasons for hope after 14 years of conflict and devastation, he stressed that “there is no time to spare”.  He therefore urged those present to be “problem-solvers, rather than problem-observers”.

    Next to brief was Joumana Seif, Co-founder of the Syrian Women’s Political Movement and Legal Adviser at the European Center for Constitutional and Human Rights, who pointed out that Syrians endured “immense” suffering under the rule of Bashar al-Assad.  This led to sanctions, which affected not only the regime, but also ordinary citizens.  “Now that Assad is no longer in power, there is no justification for maintaining these sanctions,” she stressed, adding that “what Syrians need most” is the immediate lifting of these measures alongside investment, reconstruction and economic revitalization.

    Turning to the recent coastal violence, she underscored that this has “caused real concern for us Syrians”.  She stressed:  “We don’t want to build our new country on the back of a new massacre.”  Instead, Syrians must create a transparent and inclusive plan for transitional justice, which requires consultation with victims’ associations and civil society to ensure fair trials, truth commissions, moral and financial compensation for victims and safeguards to prevent future atrocities.  “All of this requires significant financial resources,” she observed.  Additionally, she underscored the need to form an inclusive Government that “truly represents everyone without exclusion”.

    As the floor opened, Lars Løkke Rasmussen, Minister for Foreign Affairs of Denmark and Council President for March, spoke in his national capacity to underscore that the interim Government “must protect Syrians from all religious and ethnic backgrounds”.  He also underlined the need for an inclusive political transition. “Syrian society, in all its complexity and diversity, must be represented,” he urged.  And on the issue of sanctions, he noted that the European Union suspended several such measures in February “to send a very clear signal to the Syrian people of our support towards a better future”.

    Also underlining the European Union’s commitment to the Syrian people, the representative of France noted the suspension of certain restrictive measures to facilitate financial and bank transactions for the country’s reconstruction.  Slovenia’s representative added that the bloc will consider a further lifting of sanctions depending on developments on the ground.  The representative of Greece, meanwhile, emphasized that sanctions should be eased in a gradual, conditional and reversible manner to “ensure that our expectations are met” in terms of an inclusive transition and accountability for recent atrocities.

    Many Council members also spotlighted the recent Brussels Conference, during which donors pledged nearly $6.5 billion in aid to support Syria’s recovery.  The representative of the United Kingdom recalled that her country, at that event, promised up to $207 million in critical humanitarian assistance.  In parallel, the United Kingdom has relaxed some of its sanctions on Syria and revoked the asset freezes of 24 entities and institutions in the energy, transport and finance sectors.

    On the topic of assistance, Kang Insun, Vice-Minister for Foreign Affairs of the Republic of Korea, urged stronger international commitment to humanitarian aid and economic recovery in Syria to “overcome the pain and destruction of 14 years of conflict”.  For its part, Seoul has provided nearly $150 million in humanitarian assistance to Syria and its neighbours over the past decade, and will continue to offer its support.  “As [the Republic of] Korea has pledged, 2,400 tons of Korean rice will be delivered to assist food-insecure populations in Syria,” she reported.  She also took “positive note” of recent developments regarding the suspension of certain sanctions.

    Many Council members, echoing warnings of Syria’s dire economic and humanitarian situation, called for the lifting of unilateral sanctions on the country.  Among them were the representatives of Panama and Pakistan — the latter of whom stressed that lifting sanctions is “imperative to facilitating reconstruction and aid efforts”.  Algeria’s representative — also speaking for Guyana, Sierra Leone and Somalia — stressed: “Without rapid economic recovery, it will be difficult to envision a safe and prosperous future for Syrians.” Therefore, the swift lifting of unilateral sanctions is essential.

    Additionally, he — like many other Council members today — expressed concern over “alarming” statements by Israeli officials regarding the “indefinite” presence of their forces in Syrian territory and their intention to establish a “demilitarized area” in the country’s south.  Condemning these “irresponsible” statements — “which will only exacerbate regional instability” — he also joined others in calling for full respect for the 1974 Disengagement of Forces Agreement, including its provisions regarding the area of separation.

    Similarly, the representative of the Russian Federation pointed to the “destructive role” played by Israeli air strikes against — and continued occupation of — Syrian territory.  Condemning recent attacks by the Israel Defense Forces, he called on Israel to withdraw its units from areas taken since December 2023.  Additionally, he expressed concern over the issue of foreign terrorist fighters still present in Syria — a point echoed by China’s representative, who urged the interim authorities to fulfil their counter-terrorism obligations and take decisive measures to combat all Council-listed terrorist organizations.

    The representative of the United States also underscored that all foreign fighters “need to be removed from their posts immediately”. She also stressed that the interim authorities must embark on a political process that includes Kurdish, Druze, Alawite and Christian communities — “something they have not meaningfully done to date”.  There must also be expansive representation of Syrian voices in the drafting of a permanent Constitution.  Otherwise, she stressed, Syria will “remain in the sectarian shadow of the Assad regime, increasing the likelihood of a new civil war”.

    For his part, the representative of Syria reported that, in the wake of recent violence, the Syrian leadership “affirmed that the new Syria will be a State of law and that the law will apply to all”.  Further, such authorities have emphasized that shedding “the blood of the innocent will not go unpunished — regardless of the identity of the perpetrators”.  Additionally, he urged the “full lifting of sanctions imposed on the Syrian people”. And pointing to an Israeli attack on the province of Daraa today, he called on the Council to “compel Israel to cease its ongoing aggression”.

    Several of Syria’s neighbours also took the floor, with Iran’s representative condemning Israel’s ongoing violations of Syria’s sovereignty and territorial integrity.  So, too, did the representative of Qatar, who additionally called for the lifting of economic sanctions against Syria as “that raison d’être is no longer there”. Jordan’s representative echoed that call, adding that countries hosting Syrian refugees cannot bear that burden alone. Therefore, the international community must provide financial and technical support in this regard.

    The representative of Türkiye, meanwhile, welcomed a “new era” in Syria as the interim authorities work towards political transition.  However, he voiced concern over provocations in Latakia and surrounding areas, which are aimed at undermining a smooth transition process.  “These attacks should not be mischaracterized as a sectarian conflict between Damascus and the Alawite community,” he stressed, as “the international community must recognize that these were coordinated efforts, supported by certain regional actors, to destabilize Syria”.

    MIL OSI United Nations News

  • MIL-OSI New Zealand: Tech and Security – New Zealand Sextortion Threats Up 137%

    Source: Botica Butler Raudon Partners

    Sextortion Scams More Threatening in 2025, Fueled by AI-Powered Attacks and Data Breaches

    AUCKLAND, 25 March 2025 – Sextortion scams are becoming more common – and more threatening – as cybercriminals exploit artificial intelligence (AI) and large-scale data breaches to develop highly convincing scams. A recent analysis by Avast, a leader in digital security and privacy and part of Gen (NASDAQ: GEN), found that in 2025 so far, the risk of being targeted with sextortion scams in the NZ has risen 137%.

    New Zealand is not alone: Avast researchers are seeing countries around the world being impacted by these highly manipulative scams. In the US, the likelihood of being targeted by sextortion scammers also increased 137% in the first few months of 2025. The UK and Australia’s risk rose 49% and 34% respectively. Avast also revealed the top 10 countries most vulnerable to these scams, with Japan, Singapore, Hong Kong, South Africa, Italy, Australia, UAE, the UK, Switzerland and Czech Republic facing the highest risk ratios for sextortion in the last calendar year.

    New Threatening and Intrusive Tactics

    Criminals are refining their tactics, thanks to the help of AI and a wealth of personal data available from recent large-scale breaches. As the sophistication of AI increases, so do the explicit extortion emails scammers are sending. AI is being used by scammers to create ‘deepfake’ images, fake explicit photos created by superimposing a victim’s face onto another body, coupled with threatening messages to distribute them.

    Michal Salat, Threat Intelligence Director for Avast comments: “Our analysis reveals that sextortion victims frequently receive threatening messages claiming access to their private videos and images. These scams are made even more convincing with the use of stolen passwords from past data breaches, lending an alarming sense of credibility.”

    “Fear of exposure, especially when personal details appear accurate, often pressures victims into complying with ransom demands. However, we strongly advise against engaging with these scammers, no matter how real the threats may seem.”

    One of the latest techniques used by cybercriminals involves Google Maps and is designed to employ a more invasive and personalised approach that can really shock and intimidate their victims into complying with demands.

    Criminals – utilizing names, addresses, and emails readily available on the Dark Web due to data breaches – can create very targeted emails to victims containing fabricated footage and unsettling information and images of their real homes. Scammers will also claim to have gained access to victims’ devices to extort their victims by threatening to share sexual content or information about them. Cybersecurity experts at Avast have identified over 15,000 unique Bitcoin wallets associated with the Google Maps scam, though the scope of the operation is likely much larger.

    Avast experts emphasise the importance of proactive protection against sextortion scams and urge people to never engage with messages that could be from scammers. The following actions help to combat sextortion efforts:

    • Do not pay ransom demands or respond to threats.
    • Do not engage with these emails, texts or calls or open any associated PDF attachments.
    • Always report such crimes to the relevant cybercrime units including the NZ Police and Netsafe for support.
    • Use a reputable password manager to ensure unique passwords for all accounts and prevent reuse.
    • Enable multi-factor authentication (MFA) wherever possible to enhance account security.
    • Monitor your data for breaches by using dark web monitoring services, through products such as Avast Secure Identity, to be alerted when personal information is exposed so you can act quickly to help protect your accounts.
    • Do not panic – stay informed and take action to secure your accounts.

    As sextortion scams become more advanced, it is crucial for individuals to remain cautious and take steps to safeguard their digital privacy. Public awareness and vigilance remain critical in combating these threats.

    For more information, visit https://www.avast.com/

    About Avast
    Avast is a leader in digital security and privacy, and part of Gen™ (NASDAQ: GEN), a global company dedicated to powering Digital Freedom with a family of trusted consumer brands. Avast protects hundreds of millions of users from online threats, for Mobile, PC or Mac and is top-ranked and certified by VB100, AV-Comparatives, AV-Test, SE Labs and others. Avast is a member of the Coalition Against Stalkerware, No More Ransom and Internet Watch Foundation. Learn more at Avast.com. Visit: www.avast.com.  

    MIL OSI New Zealand News

  • MIL-OSI: Farmers & Merchants Bancorp, Inc. Declares 2025 First-Quarter Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    ARCHBOLD, Ohio, March 25, 2025 (GLOBE NEWSWIRE) — The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of F&M Bank, with total assets of $3.36 billion at December 31, 2024, today announced that it has approved the Company’s quarterly cash dividend of $0.22125 per share. The first-quarter dividend is payable on April 20, 2025, to shareholders of record as of April 4, 2025.

    About Farmers & Merchants State Bank:
    Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) is the holding company of F&M Bank, a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in West Bloomfield, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

    Safe Harbor statement
    Farmers & Merchants Bancorp, Inc. (“F&M”) wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

    Company Contact:
    Lars B. Eller
    President and Chief Executive Officer
    Farmers & Merchants Bancorp, Inc.
    (419) 446-2501
    leller@fm.bank
    Investor and Media Contact:
    Andrew M. Berger
    Managing Director
    SM Berger & Company, Inc.
    (216) 464-6400
    andrew@smberger.com

    The MIL Network

  • MIL-OSI Submissions: Australia – We’ve done it again! CH4 Global named one of TIME Magazine’s Top GreenTech Companies

    Source: CH4 Global

    ADELAIDE, South Australia – CH4 Global has been named as one of Time Magazine’s Top GreenTech Companies for the second year in a row – in recognition of continued progress towards scaling, including the development of its Louth Bay EcoPark to grow its seaweed-based cattle feed supplement that reduces enteric methane emissions by up to 90 per cent.

    The second annual GreenTech rankings, prepared by TIME and Statista, considered more than 4,000 companies and evaluated them based on their positive environmental impact, financial strength and innovative ability. CH4 Global was among 250 companies selected for the award.

    CH4 Global’s inclusion in the 2025 ranking highlights the company’s continued progress in scaling Methane Tamer , its Asparagopsis-based feed additive, which reduces enteric methane emissions from cattle by up to 90 per cent.

    The distinction comes just weeks after CH4 Global opened phase one of its Louth Bay EcoPark, on Eyre Peninsula, where it has begun to grow and process Asparagopsis in 10 large-scale cultivation ponds with a combined capacity of 2 million litres – capable of producing 80 metric tonnes of the seaweed each year.

    Over the next year, the facility will expand to 100 ponds capable of producing enough Asparagopsis to serve 45,000 cattle per day – a significant step toward meeting demand from CH4 Global’s existing commercial partners in Australia and beyond. With additional investment, the facility could eventually expand to 500 ponds capable of serving hundreds of thousands of cattle per day.

    “This recognition by TIME Magazine for the second year running underscores the urgency of tackling livestock methane emissions and the effectiveness of our solution at scale,” said CH4 Global CEO Steve Meller.

    “The momentum behind our solution is building, and we are on course to deliver gigatonne-scale climate impact within the next decade by making methane reduction practical, affordable and widely accessible.“In Australia, the CH4 Global team has worked tirelessly to develop the EcoPark and to start growing Asparagopsis at scale, while working with our partners in South Korea, South America, Japan, the Asia Pacific, the UK and the US, to be able to reach as many cows as possible in the coming years as we work to mitigate climate change.”

    CH4 Global is working to reduce methane emissions from cows, which is naturally-produced in their stomachs and released through burping. Methane is more than 80 times more potent than CO2 in trapping heat in the atmosphere over a 20-year period, making it a critical target of efforts to combat global warming.

    The full list of TIME’s America’s Top GreenTech Companies 2025 is available at TIME.com.

    About CH4 Global

    CH4 Global, founded in 2018, is on an urgent mission to bend the climate curve, through collaboration with strategic partners worldwide. Led by a world-class team of senior business builders, scientists and entrepreneurs, the company delivers market-disruptive products that enable the food industry value chain to radically reduce GHG emissions.

    The company’s first innovation, Methane Tamer feed additives for feedlot cattle, harnesses the power of Asparagopsis seaweed to reduce enteric methane emissions by up to 90 per cent. CH4 Global is headquartered in Henderson, Nevada, with facilities to grow Asparagopsis in Australia at Louth Bay, Arno Bay and at Lonsdale in South Australia, and in Bluff and Bream Bay in New Zealand. To learn more, visit

    www.ch4global.com.

    MIL OSI – Submitted News

  • MIL-OSI Submissions: Human Rights and Sport – Global: FIFA must recognize, support Afghan Women’s team in exile

    Source: Amnesty International

    New Report Details Afghan Women Footballers’ Fight for Right to Play

    (Amsterdam, March 25, 2025) – The Fédération Internationale de Football Association (FIFA) should act to stop the ongoing discrimination against Afghan women footballers living in exile and facilitate their return to international competition, the Sport & Rights Alliance said in a report released today.

    In two days, the Afghanistan Women’s National Football Team (AWNT) will be absent from the 2026 AFC Women’s Asian Cup Qualifiers draw, which feeds into qualification for the 2027 Women’s World Cup – marking the second World Cup-qualifying cycle from which the team has been excluded since the Taliban takeover of Afghanistan in 2021.

    “Though the Afghanistan Women’s National Team escaped the Taliban in 2021, the shadow of systematic gender discrimination continues to follow them across borders, denying them their rightful place on the international stage,” said Samira Hamidi, South Asia campaigner at Amnesty International. “Amnesty, the United Nations, Human Rights Watch and other civil society organizations, has called for the Taliban’s gender persecution to be investigated as crimes against humanity.”

    The new Sport & Rights Alliance report, titled “’It’s not just a game. It’s part of who I am’: Afghan Women Footballers’ Fight for the Right to Play,” details how the Afghan women’s team, a symbol of women’s empowerment in post-Taliban Afghanistan, was specifically targeted for reprisals when the Taliban returned to power in 2021. The report documents that dozens of Afghan women footballers who were evacuated to countries including Australia, Portugal, Albania, the United Kingdom and the United States remain eager and ready to represent Afghanistan in international competition.

    “Right now, the game is at halftime, and the Taliban think they are winning,” said Khalida Popal, founder of the Afghanistan Women’s National Team and Girl Power Organization. “If FIFA would change its rules and let us play, we could show the world that Afghan women and girls belong in sport, in school and everywhere in society – and we will not be defeated.”

    FIFA regulations currently require the team to receive recognition from the Taliban-controlled Afghanistan Football Federation, which will not recognize a women’s football team due to the Taliban’s ban on women’s sports. For more than three years, the Afghan women’s team players and their supporters have campaigned for FIFA to intervene and provide them with the official recognition and financial support denied to them by Afghanistan.

    In response to a letter from the Sport & Rights Alliance requesting comment on the report, FIFA shared on 21 March that a plan has been developed to provide football opportunities for Afghan women both within and outside the country, but did not say whether they intend to officially recognize the AWNT or how specific funding would be allocated.

    “The Afghanistan Women’s National Team has shown remarkable resilience since its establishment – even in the face of harassment, abuse and death threats, and being forced to leave their homes and build new lives in cities all over the world,” said Joanna Maranhão, network coordinator for the Sport & Rights Alliance’s Athletes Network for Safer Sports. “Restoring the AWNT’s ability to access training facilities and resources to play and represent their country would be an important form of remedy, as required under international human rights law.”

    The FIFA Statutes and Human Rights Policy prohibit discrimination of any kind, including gender discrimination, and commits the global sport governing body to promoting women’s football. The FIFA Statutes mandate that all member associations comply with the organization’s regulations, including the obligation to prevent and oppose discrimination and to promote women’s football. Member associations may face sanctions for any violations of these obligations.

    “Afghan women footballers’ ability to play internationally depends entirely on intervention from FIFA,” said Andrea Florence, executive director of the Sport & Rights Alliance. “FIFA’s letter in response to our report laid out their strategy to support Afghan women. It is great to hear that FIFA is working to promote playing opportunities for the players, but we remain hopeful that they will decide to officially recognize the team and allocate financial support as it does to other member associations.”

    The Sport & Rights Alliance also said that FIFA should provide financial support for the women’s team to train and participate in international competitions, as it does with other member associations. Through the FIFA Forward Development Programme for instance,  each of FIFA’s 211 member associations are currently entitled to up to $9.2 million over a four-year period.

    The Afghan team’s campaign has garnered global attention and support over the last three years, including from Nobel Peace Prize laureate Malala Yousafzai and nearly 200,000 people who have signed a Change.org petition urging FIFA to recognize the team in exile.

    “For these athletes, football is not only their passion but a fundamental act of resistance against the Taliban – an act of solidarity with their sisters still living in Afghanistan,” said Fereshta Abbasi, Asia researcher at Human Rights Watch. “FIFA’s recognition of and support for the team would be a powerful statement that Afghan women’s rights cannot be erased.”

    The International Olympic Committee (IOC) did recognize an Afghan Olympic Committee in exile for the 2024 Paris Olympics, enabling Afghan women athletes to compete despite Taliban restrictions. Several UN experts called this move from the IOC a “welcome start,” but called on international and national sports bodies to do more to push back against the Taliban’s oppressive policies and “support female Afghan athletes wherever they are.”

    MIL OSI – Submitted News

  • MIL-OSI Economics: Members look into bolstering support for trade policies, fast-tracking digital trade growth

    Source: WTO

    Headline: Members look into bolstering support for trade policies, fast-tracking digital trade growth

    The Organisation for Economic Co-operation and Development (OECD) noted that Aid-for-Trade disbursements reached USD 48 billion in 2023, representing a 5 per cent decrease from 2022.  While most funds were channelled towards strengthening infrastructure and productive sectors, the OECD noted, only 2 per cent of Aid for Trade was allocated to trade policy and regulations.
    Representatives from Australia, Barbados, the Pacific Islands Forum and the United Kingdom shared their insights into ways to increase the participation of developing economies in the multilateral trading system. They highlighted that it is important for economies to develop and implement national strategies and to coordinate effectively with development partners. For example, progress in implementing the Pacific Aid-for-Trade Strategy, covering services, e-commerce, trade facilitation and quality infrastructure, was acknowledged.
    The financial support dedicated to the WTO accession of Comoros and Timor-Leste was highlighted. Speakers also acknowledged the support provided under the Advisory Centre on WTO Law, the Enhanced Integrated Framework, the Fish Fund and the Standards and Trade Development Facility.
    The role of cooperation among developing economies in strengthening these economies’ trade capacities was also recognized. Speakers welcomed greater collaboration with the private sector on scaling up financial support.
    Members also examined the European Union’s 2024 Aid for Trade Progress Report. As one of the top donors of Aid for Trade, the European Union and its member states provided 36 per cent of the total disbursements in 2022, accounting for EUR 22 billion. The report also highlighted the role of Aid for Trade in creating an enabling environment for investments under the EU’s Global Gateway investment strategy.
    According to the Digital Trade Integration Database of the European University Institute, the level of integration into digital trade differs widely across economies, with fewer enabling policies observed in lower-income economies.  The database contains information on the digital trade policies of 146 economies.
    Speakers noted that in Africa, digital trade integration is being held back by regulatory fragmentation, infrastructure gaps and limited access of small businesses to digital markets.
    To bolster the continent’s digital trade expansion, speakers underlined the importance of technical assistance and capacity-building activities to harmonize digital trade regulations, investments in broadband and logistics and greater access of small businesses to digital trade finance. For example, speakers stressed the importance of fully implementing the Digital Trade Protocol of the African Continental Free Trade Area. Estimates indicate this could increase intra-regional trade in services by up to 10.3 per cent.
    More information on the WTO-led Aid for Trade initiative can be found here.

    Share

    MIL OSI Economics

  • MIL-OSI NGOs: What do the Trump administration’s sanctions on the ICC mean for justice and human rights?

    Source: Amnesty International –

    On 6 February 2025, United States President Donald Trump issued an Executive Order authorizing sanctions on the International Criminal Court (ICC) and its Chief Prosecutor Karim Khan. This Executive Order is intended to stop the ICC from undertaking its independent mandate. It also poses a significant threat to the ICC and its staff.  UN experts strongly condemned the move, calling it “an attack on global rule of law” that undermines international justice.

    This Executive Order is similar to one issued by President Trump towards the end of his first term in 2020, which was later lifted by President Biden. Trump’s new executive action is a direct response to the ICC’s efforts to hold Israeli nationals accountable for alleged crimes under international law in Palestine. In November 2024, the court issued arrest warrants against Israeli Prime Minister Benjamin Netanyahu and former Defence Minister Yoav Gallant, as well as al-Qassam brigades commander Mohammed Diab Ibrahim Al-Masri, on charges of war crimes and crimes against humanity.

    By imposing sanctions on the ICC, the Trump administration is undermining efforts to deliver justice, not only to Palestinians, but to victims of the most serious crimes everywhere. This includes people in Afghanistan, Burundi, Cote d’Ivoire, Darfur (Sudan), DRC, Libya, Mali, Myanmar, Nigeria, the Philippines, Ukraine and Venezuela, where the ICC is currently conducting investigations or has issued arrest warrants.

    MIL OSI NGO

  • MIL-OSI NGOs: Global: FIFA must recognize, support Afghan women’s team in exile

    Source: Amnesty International –

    New Report Details Afghan Women Footballers’ Fight for Right to Play

    The Fédération Internationale de Football Association (FIFA) should act to stop the ongoing discrimination against Afghan women footballers living in exile and facilitate their return to international competition, the Sport & Rights Alliance said in a report released today.

    In two days, the Afghanistan Women’s National Football Team (AWNT) will be absent from the 2026 AFC Women’s Asian Cup Qualifiers draw, which feeds into qualification for the 2027 Women’s World Cup – marking the second World Cup-qualifying cycle from which the team has been excluded since the Taliban takeover of Afghanistan in 2021.

    “Though the Afghanistan Women’s National Team escaped the Taliban in 2021, the shadow of systematic gender discrimination continues to follow them across borders, denying them their rightful place on the international stage,” said Samira Hamidi, South Asia campaigner at Amnesty International. “Amnesty, the United Nations, Human Rights Watch and other civil society organizations, has called for the Taliban’s gender persecution to be investigated as crimes against humanity.”

    The new Sport & Rights Alliance report, titled ‘It’s not just a game. It’s part of who I am’: Afghan Women Footballers’ Fight for the Right to Play,” details how the Afghan women’s team, a symbol of women’s empowerment in post-Taliban Afghanistan, was specifically targeted for reprisals when the Taliban returned to power in 2021. The report documents that dozens of Afghan women footballers who were evacuated to countries including Australia, Portugal, Albania, the United Kingdom and the United States remain eager and ready to represent Afghanistan in international competition.

    “Right now, the game is at halftime, and the Taliban think they are winning,” said Khalida Popal, founder of the Afghanistan Women’s National Team and Girl Power Organization. “If FIFA would change its rules and let us play, we could show the world that Afghan women and girls belong in sport, in school and everywhere in society – and we will not be defeated.”

    FIFA regulations currently require the team to receive recognition from the Taliban-controlled Afghanistan Football Federation, which will not recognize a women’s football team due to the Taliban’s ban on women’s sports. For more than three years, the Afghan women’s team players and their supporters have campaigned for FIFA to intervene and provide them with the official recognition and financial support denied to them by Afghanistan.

    In response to a letter from the Sport & Rights Alliance requesting comment on the report, FIFA shared on 21 March that a plan has been developed to provide football opportunities for Afghan women both within and outside the country, but did not say whether they intend to officially recognize the AWNT or how specific funding would be allocated.

    “The Afghanistan Women’s National Team has shown remarkable resilience since its establishment – even in the face of harassment, abuse and death threats, and being forced to leave their homes and build new lives in cities all over the world,” said Joanna Maranhão, network coordinator for the Sport & Rights Alliance’s Athletes Network for Safer Sports. “Restoring the AWNT’s ability to access training facilities and resources to play and represent their country would be an important form of remedy, as required under international human rights law.”

    The FIFA Statutes and Human Rights Policy prohibit discrimination of any kind, including gender discrimination, and commits the global sport governing body to promoting women’s football. The FIFA Statutes mandate that all member associations comply with the organization’s regulations, including the obligation to prevent and oppose discrimination and to promote women’s football. Member associations may face sanctions for any violations of these obligations.

    “Afghan women footballers’ ability to play internationally depends entirely on intervention from FIFA,” said Andrea Florence, executive director of the Sport & Rights Alliance. “FIFA’s letter in response to our report laid out their strategy to support Afghan women. It is great to hear that FIFA is working to promote playing opportunities for the players, but we remain hopeful that they will decide to officially recognize the team and allocate financial support as it does to other member associations.”

    The Sport & Rights Alliance also said that FIFA should provide financial support for the women’s team to train and participate in international competitions, as it does with other member associations. Through the FIFA Forward Development Programme for instance,  each of FIFA’s 211 member associations are currently entitled to up to $9.2 million over a four-year period.

    The Afghan team’s campaign has garnered global attention and support over the last three years, including from Nobel Peace Prize laureate Malala Yousafzai and nearly 200,000 people who have signed a Change.org petition urging FIFA to recognize the team in exile.

    “For these athletes, football is not only their passion but a fundamental act of resistance against the Taliban – an act of solidarity with their sisters still living in Afghanistan,” said Fereshta Abbasi, Asia researcher at Human Rights Watch. “FIFA’s recognition of and support for the team would be a powerful statement that Afghan women’s rights cannot be erased.”

    The International Olympic Committee (IOC) did recognize an Afghan Olympic Committee in exile for the 2024 Paris Olympics, enabling Afghan women athletes to compete despite Taliban restrictions. Several UN experts called this move from the IOC a “welcome start,” but called on international and national sports bodies to do more to push back against the Taliban’s oppressive policies and “support female Afghan athletes wherever they are.”

    MIL OSI NGO

  • MIL-OSI Russia: Financial News: 300th Anniversary of Bering’s Expedition (03/25/2025)

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia –

    Three hundred years ago, Russian officer and navigator Vitus Bering set out on a scientific expedition. It was organized by order of Peter I to study the northeast of Russia and search for an isthmus or strait between Asia and America. To mark this event, on March 26, 2025, the Bank of Russia will issue a commemorative silver coin of 3 rubles “300th Anniversary of the Beginning of the First Kamchatka Expedition of V. Bering” from the “Historical Events” series (catalog No. 5111-0515).

    The silver coin with a face value of 3 rubles (pure precious metal weight – 31.1 g, alloy fineness – 925) has the shape of a circle with a diameter of 39.0 mm.

    There is a raised edge around the circumference of both the front and back sides of the coin.

    On the obverse of the coin there is a relief image of the State Emblem of the Russian Federation, there are inscriptions: “RUSSIAN FEDERATION”, “BANK OF RUSSIA”, the coin denomination “3 RUBLES”, the date “2025”, the designation of the metal according to the Periodic Table of Elements of D.I. Mendeleyev, the alloy fineness, the trademark of the St. Petersburg Mint and the mass of the precious metal in purity.

    The reverse side of the coin depicts the boat “Saint Gabriel” sailing on the waves, against the background of a map with the route of the Kamchatka expedition plotted on it, on the right there is a symbolic image of a wind rose; there are inscriptions: on the left in two lines – “BOAT ST. GAVRIIL”, at the bottom in a cartouche in four lines – “FIRST KAMCHATKA EXPEDITION OF V. BERING”, to the left and right of the cartouche are the dates “1725” and “1730”. The images of the boat, the territory of Russia, the crest of the wave and the wind rose, as well as the inscriptions and dates are made in relief. The images of the American territory, the route of the expedition and the waves are made using laser matting technology.

    The side surface of the coin is ribbed.

    The coin is made in proof quality.

    The mintage of the coin is 3.0 thousand pieces.

    The issued coin is a legal tender in the territory of the Russian Federation and must be accepted at face value for all types of payments without restrictions.

    When using the material, a link to the Press Service of the Bank of Russia is required.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv. KBR.ru/Press/PR/? File = 638785165481061894KOins. CHTM

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: NATIONAL PEST SURVEILLANCE SYSTEM

    Source: Government of India (2)

    Posted On: 25 MAR 2025 5:07PM by PIB Delhi

    The National Pest Surveillance System (NPSS) has been launched on 15th August, 2024 by the Hon’ble Union Minister of Agriculture and Farmers Welfare to enhance the surveillance and management of pest diseases across the country. The system utilizes latest digital technologies such as Artificial Intelligence and Machine Learning (AI and ML) to provide quick and instant solution regarding pest attacks, crop diseases, crop damages etc. by issuing real time crop protection advisory to the farmers. It includes a user-friendly mobile app and a portal for identification of pests and disease mitigation.

    NPSS is being used by the farmers across the country for identification of  pests and diseases in 61 crops and pest management advisories for 15 major crops namely cotton, paddy, wheat, maize, pigeon pea, moong, soyabean, sugarcane, brinjal, tomato, apple, banana, grapes, pomegranate. NPSS is currently available in four languages namely English, Hindi, Marathi and Punjabi. So far, 10154 pest management advisories have been issued through NPSS for the benefit of farmers.

    The Government has formulated six point strategy for the welfare of farmers and development of agriculture. Strategies for increasing farmer incomes include improving crop productivity, reducing cost of production, agricultural diversification, adaptation to climate change for sustainable agriculture and compensation of farmers’ losses. Further, Ministry has formulated various schemes and programs to ensure effective coordination between the union and state governments and to address agricultural challenges at the grassroot level and also to incentivize and encourage farmers to grow a variety of crops. The list of schemes/ programmes implemented by DA&FW is enclosed at Annexure-I.

    List of Schemes/ Programmes implemented by DA&FW

    1. Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)
    2. Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY)
    3. Pradhan Mantri Fasal Bima Yojana (PMFBY)/ Restructured Weather Based Crop  Insurance Scheme (RWBCIS)
    4. Modified Interest Subvention Scheme (MISS)
    5. Agriculture Infrastructure Fund (AIF)
    6. Formation and Promotion of 10,000 new Farmer Producers Organizations (FPOs)
    7. National Bee Keeping and Honey Mission (NBHM)
    8. Namo Drone Didi
    9. National Mission on Natural Farming (NMNF)
    10.  Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA)
    11.   Agri Fund for Start-Ups & Rural Enterprises’ (AgriSURE)
    12.  Per Drop More Crop (PDMC)
    13.  Sub-Mission on Agriculture Mechanization (SMAM)
    14.  Paramparagat Krishi Vikas Yojana (PKVY)
    15.  Soil Health & Fertility (SH&F)
    16.  Rainfed Area Development (RAD)
    17.  Agroforestry
    18.  Crop Diversification Programme (CDP)
    19.  Sub-Mission on Agriculture Extension (SMAE)
    20.  Sub-Mission on Seed and Planting Material (SMSP)
    21.  National Food Security and Nutrition Mission (NFSNM)
    22.  Integrated Scheme for Agriculture Marketing (ISAM)
    23.  Mission for Integrated Development of Horticulture (MIDH)
    24.  National Mission on Edible Oils (NMEO)-Oil Palm
    25.  National Mission on Edible Oils (NMEO)-Oilseeds
    26.  Mission Organic Value Chain Development for North Eastern Region
    27.  Digital Agriculture Mission
    28.  National Bamboo Mission

    This information was given by Minister of State for Agriculture and Farmer’s Welfare, Shri Ramnath Thakur in a written reply in Lok Sabha today.

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     MG/KSR/RN

    (Release ID: 2114896) Visitor Counter : 68

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: NEW AGRICULTURAL TECHNOLOGIES AND SEED VARIETIES

    Source: Government of India (2)

    Posted On: 25 MAR 2025 5:07PM by PIB Delhi

    A total of 79 new high yielding varieties of seven major agricultural crops, 11 of fruits and 31 of vegetables were exhibited during Pusa Krishi Vigyan Mela held during February 22-24, 2025. Besides, technologies for 18 biofertizers and bioformulations, Soil Test Fertilizer Recommendation Meter, Zn-loaded nano clay polymer composite; SpeedySeed Viability KitTM; Polymer composite seed coating for bruchid management; ⁠Nanocellulose extracted from pummelo peel and rice husk; Pea pod powder for instant noodles; Overripe banana powder in snack puffs and Muffins functionalized with by-products were also displayed. Eight new agricultural implements were also demonstrated during the event.

    The details of main topics covered in the technical sessions and farmer-scientist interactions are as follows session-wise:

    Session 1 : Technologies for Climate Resilient Agriculture; Session 2  : Crop Diversification; Session 3 : Digital Agriculture; Session 4 : Agricultural Marketing and Export; Session 5 : FPO-Start up linkage; Session 6 : Entrepreneurship Development of Youth and Women and Session 7 : Innovative Farmers Meet.

    The farmers, entrepreneurs, youth and women were sensitized and educated about the new varieties and technologies through guided tours to Live demonstrations of the salient varieties and technologies developed by ICAR-IARI; exhibitions on salient technologies, products and services of ICAR-IARI as well as ICAR Institutes, Agricultural Universities, KVKs, FPOs, entrepreneurs, start-ups, public and private companies; and farmers-scientists’ interactions were held in technical sessions of Unnat Krishi – Viksit Bharat theme.

    • 245 stalls of ICAR institutes, agricultural Universities, public and private institutes, farm entrepreneurs were showcased.

    • Over 1800 quintals of seeds of various crops like paddy, moong, pigeon-pea, pearl millet, and vegetables were provided to the farmers at a very reasonable rate. On-Spot advisories were provided to the farmers and other stakeholders.

    • Extension literatures on technologies were also distributed among all stakeholders

    Some of the major announcements during the event include supervision of “Krishi Chaupal – Vigyan se Kisan Tak” and engagement of the IARI awardee/ Innovative farmers etc. in dissemination of technol

    This information was given by Minister of State for Agriculture and Farmer’s Welfare, Shri Shri Bhagirath Choudhary in a written reply in Lok Sabha today.

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     MG/KSR/RN

    (Release ID: 2114897) Visitor Counter : 75

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: NATIONAL FOOD SECURITY MISSION

    Source: Government of India (2)

    Posted On: 25 MAR 2025 5:06PM by PIB Delhi

    During 2024-25, the National Food Security Mission (NFSM) has been renamed as National Food Security & Nutrition Mission (NFSNM) and the Department of Agriculture and Farmers Welfare (DA&FW) is implementing NFSNM for increasing production of pulses, nutri cereals, rice, wheat and coarse cereals in the country. Under NFSNM, the incentives are provided to the farmers, through the States/UTs, on crop production and protection technologies, cropping system based demonstrations, production & distribution of certified seeds of newly released varieties/hybrids, integrated nutrient and pest management techniques, capacity building of farmers through trainings during cropping season etc.

     

    Further, the Government of India also provides flexibility to the states for state specific needs/priorities under Pradhan Mantri-Rashtirya Krishi Vikas Yojana (PM-RKVY). The states may promote coarse cereals and millets (Shree Anna) under PM-RKVY with approval of State Level Sanctioning Committee (SLSC) headed by Chief Secretary of the State.

    This information was given by Minister of State for Agriculture and Farmer’s Welfare, Shri Ramnath Thakur in a written reply in Lok Sabha today.

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     MG/KSR/RN

    (Release ID: 2114891) Visitor Counter : 68

    MIL OSI Asia Pacific News