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Category: Asia

  • MIL-OSI Global: Ukraine cannot defeat Russia – the best the west can do is help Kyiv plan for a secure post-war future

    Source: The Conversation – UK – By Frank Ledwidge, Senior Lecturer in Military Strategy and Law, University of Portsmouth

    A friend of mine, usually an intensely optimistic pro-Ukraine analyst, returned from Ukraine last week and told me: “It’s like the German Army in January 1945.” The Ukrainians are being driven back on all fronts – including in the Kursk province of Russia, which they had opened with much hope and fanfare in August. More importantly, they are running out of soldiers.

    For most of 2024, Ukraine has been losing ground. This week, the town of Selidove in the western Donetsk region is being surrounded and, like Vuhledar earlier this month, is likely to fall in the next week or so – the only variable being how many Ukrainians will be lost in the process. Over the winter, the terrible prospect of a major battle to hold the strategically significant industrial town of Pokrovsk beckons.

    Ukrainian forces are steadily losing ground close to the strategically vital town of Pokrovsk, western Donetsk region.
    Institute for the Study of War

    Ultimately, this is not a war of territory but of attrition. The only resource that counts is soldiers – and here the calculus for Ukraine is not positive.

    Ukraine claims to have “liquidated” nearly 700,000 Russian soldiers – with more than 120,000 killed and upwards of 500,000 injured. Its president, Volodymyr Zelensky, admitted in February this year to 31,000 Ukrainian fatalities, with no figure given for injured.

    The problem is these Ukrainian totals are apparently believed by western officials, when the reality is likely to be very different. US sources say the war has seen 1 million people killed and wounded on both sides. Crucially, this includes a growing number of Ukrainian civilians.

    Low morale and desertion, as well as draft-dodging, are now significant problems for Ukraine. These factors are exacerbating already serious recruitment issues, making it hard to supply the front lines with fresh troops.

    A dreadful debate is taking place in Ukraine. The question revolves around whether to mobilise – and risk serious casualties to – the 18-25 age group. Due to economic pressures in the early 2000s, Ukraine suffered a major drop in its birth rate, leaving relatively few people now aged between 15 and 25. Mobilisation and serious attrition of this group may be something Ukraine simply can’t afford, given the already serious demographic crisis the country faces.

    And even if this mobilisation does go ahead, by the time the necessary politics, legislation, bureaucracy and training have run their course, the war may be over.

    Victory look impossible

    History knows of no example where taking on Russia in an attritional contest has proved successful. Let’s be clear: this means there is a real possibility of defeat – there is no sugar-coating this.

    Zelensky’s maximalist war aims of restoring Ukraine’s pre-2014 borders, along with other unlikely conditions – which were unchallenged and encouraged by a confused but self-aggrandising west – will not be achieved, and the west’s leaders are partly to blame. Ill-advised wars in Afghanistan and the Middle East left western armed forces hollow, poorly armed, and entirely unprepared for a serious and prolonged conflict, with ammunition stocks likely to last weeks at best.

    European promises of millions of artillery rounds have failed to materialise – only 650,000 have been supplied to Kyiv this year, whereas the North Koreans have supplied at least twice that to Russia.

    Only the US has significant stocks of weaponry in the form of thousands of armoured vehicles, tanks and artillery pieces in reserve – and it is unlikely to change its policy of drip-feeding weapons to Ukraine now. Even if such a decision is made, the lead-time for delivery will be years, not months.

    In a confidential briefing I attended recently given by western defence officials, the atmosphere was downbeat. The situation is “perilous” and “as bad as it has ever been” for Ukraine. Western powers cannot afford another strategic disaster like Afghanistan which, in the words of Ernest Hemingway (aptly quoted by the strategist Lawrence Freedman), happened “gradually, then suddenly”.

    There will be no decisive breakthrough by Russia’s army when they take this town or that (say, Pokrovsk). They haven’t the capability to do it. So, there won’t be a collapse – no “Kyiv as Kabul” moment.

    However, there are limits to the losses Ukraine can take. We do not know where that limit lies, but we’ll know when it happens. Crucially, there will be no victory for Ukraine. Unforgivably, there is not, and never has been, a western strategy except to bleed Russia as long as possible.

    More fundamentally, two ancient ethical questions governing whether a war is just must now be asked and answered: whether there is a reasonable prospect of success, and whether the potential gain is proportionate to the cost.

    The problem, as so often before, is that the west has not defined what it considers a success. The cost, meanwhile, is becoming all-too clear.

    To have clearly defined its goals and limits would have constituted the beginnings of a strategy – and the west isn’t good at that. Nato’s leaders now need to move quickly beyond meaningless rhetoric or anything that smacks of “as long as it takes”. We saw where that led in Iraq, Afghanistan and Libya.

    We need a realistic answer to what something like a “win”, or at least an acceptable settlement, now looks like – as well as the extent to which it is achievable, and whether the west is really going to pursue it. And then for western leaders to act accordingly.

    A starting point could be accepting that Crimea, Donetsk and Luhansk are lost – something an increasing number of Ukrainians are beginning to say openly. Then we need to start planning seriously for a post-war Ukraine that will need the west’s suppport more than ever.

    Russia cannot possibly take all, or even the bulk of, Ukraine’s territory. Even if it could, it could not possibly hold it. It is amply clear there will be a compromise settlement.

    So, it is time for Nato – and the US in particular – to articulate a viable end to this nightmarish ordeal, and to develop a pragmatic strategy to deal with Russia in the coming decade. More importantly, the west must plan how to support a heroic, shattered – but still independent – Ukraine.

    Frank Ledwidge does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Ukraine cannot defeat Russia – the best the west can do is help Kyiv plan for a secure post-war future – https://theconversation.com/ukraine-cannot-defeat-russia-the-best-the-west-can-do-is-help-kyiv-plan-for-a-secure-post-war-future-242010

    MIL OSI – Global Reports –

  • MIL-OSI Global: Students with special educational needs are years behind their peers – they need specialist teachers in mainstream classrooms

    Source: The Conversation – UK – By Johny Daniel, Assistant Professor, School of Education, Durham University

    BearFotos/Shutterstock

    A new report from the National Audit Office into special educational needs provision in England has concluded that despite a significant increase investment over the last decade, “the system is still not delivering better outcomes for children and young people”.

    This is borne out by my research. Students with special educational needs in England are significantly behind in reading, writing and maths compared to their classmates.

    Laws like the 2014 Children and Families Act, which aimed to improve support for these students, haven’t closed the gap. My recent research suggests that we need to rethink current educational policies and practices.

    My study looked at data from 2.5 million year 6 students (aged ten and 11) between 2014 and 2019. It shows that students with special educational needs are significantly behind in key academic areas.

    On average, students with special educational needs are two years behind in writing and one and a half years behind in reading and maths. The gap in maths is growing, which is especially worrying. It shows that current educational strategies are failing these students.

    Not all students with special educational needs face the same challenges. Students with intellectual disabilities were, on average, more than two years behind in writing and maths. In contrast, students with autism spectrum disorder and visual impairment do somewhat better, especially in reading, but they are still, on average, about one year behind.

    Rethinking support

    Despite well-intentioned policies, current educational frameworks are falling short. A major issue is the heavy reliance on teaching assistants as the main support for students with special educational needs in mainstream schools.

    Teaching assistants are dedicated and play an important role in classrooms. However, research shows that their involvement can sometimes have negative effects on academic outcomes due to a limited range of teaching methods and lack of professional development. Over-relying on teaching assistants without specialised support might be one reason for the continuing achievement gap.

    This raises important questions. If we would not accept teaching assistants as the main instructors for typical students, it should not be acceptable for students with special educational needs, who have more complex learning needs.

    Support in schools also comes from special educational needs coordinators. They manage the school’s approach to supporting students with special educational needs. They handle administrative tasks, work with parents and outside agencies, and ensure legal compliance. But while their role is important, they usually do not teach students directly.

    One solution is to have specialised special education teachers in mainstream schools. This is not just a suggestion; it’s a critical need.

    Special education teachers are trained educators who work directly with students needing extra support. They teach tailored lessons, adapt teaching materials, and use specialised strategies to meet individual learning needs. Their focus is on providing hands-on educational help within the school.

    Learning from other countries

    Integrating special education teachers into our mainstream classrooms, as seen in countries such as the US and Singapore, could be the key to better supporting our students.

    In these countries, special education teachers are part of the mainstream classrooms. They complete certification programmes, learning advanced skills in assessing students’ needs, developing tailored support and creating individual education plans. They teach alongside general educators, ensuring that students with special educational needs are not left out but receive high-quality support.

    This approach addresses both academic and emotional needs in the classroom, providing an effective support system.

    Similar steps should be taken in England to establish comprehensive special education teacher training programmes. This could include postgraduate certifications in special education or specialised modules in existing teacher education programmes.

    Specialist teachers could help contain the attainment gap.
    PeopleImages.com – Yuri A/Shutterstock

    Inspection frameworks like Ofsted must include specific criteria to evaluate the presence and effectiveness of specialised support in classrooms for students with special educational needs.

    Schools should be encouraged to hire qualified special education teachers, and government funding models must be changed to support these professionals. Also, ongoing professional development should be a priority, ensuring that all educators expand their expertise in proven teaching methods.

    By aligning teacher training, hiring and policies, England can reduce its reliance on teaching assistants as the main support for students with special educational needs. Instead, schools can have strong support systems led by trained special education teachers. These specialists can work with teaching assistants and classroom teachers to provide more effective, targeted support.

    This change would provide students with special educational needs with improved overall quality of teaching and learning. This could lead to mainstream classrooms fostering a truly inclusive educational environment.

    Johny Daniel does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Students with special educational needs are years behind their peers – they need specialist teachers in mainstream classrooms – https://theconversation.com/students-with-special-educational-needs-are-years-behind-their-peers-they-need-specialist-teachers-in-mainstream-classrooms-240147

    MIL OSI – Global Reports –

  • MIL-OSI Asia-Pac: Light housing contract awarded

    Source: Hong Kong Information Services

    The Housing Bureau and the Architectural Services Department announced today that the last design and construction contract for Light Public Housing (LPH) has been awarded to Yau Lee Construction Company upon assessment.

    Apart from providing around 1,500 units, the contract comprises six projects, including Hang Kwong Street in Ma On Shan and the conversion of five vacant or to-be-vacant school premises.

    Additionally, the construction works are expected to commence in phases by November at the earliest.

    The bureau indicated that the construction works of LPH is proceeding at full speed, with a total of about 28,500 units in seven projects having commenced since December 2023.

    They are at Yau Pok Road in Yuen Long, Tuen Mun Area 3A, Choi Hing Road in Ngau Tau Kok, Olympic Avenue in Kai Tak, Lok On Pai in Siu Lam, Tuen Mun Area 54 and Sheung On Street/Sheung Ping Street in Chai Wan. The first LPH project at Yau Pok Road will be completed for intake in the first quarter next year.

    The bureau highlighted that the award of the last design and construction contract marks the new stage towards the progressive completion and intake of LPH, which could improve the living conditions and quality of life of the people living in inadequate housing.

    Together with the Architectural Services Department, it added that it will press ahead with relevant works at full speed to achieve the Government’s target of providing about 30,000 LPH units by 2027-28. 

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Excessive cadmium found in imported frozen shrimp sample

    Source: Hong Kong Government special administrative region

    Excessive cadmium found in imported frozen shrimp sample
    Excessive cadmium found in imported frozen shrimp sample
    ********************************************************

         The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department today (October 24) announced that a sample of imported frozen shrimp from Spain was detected with cadmium, a metallic contaminant, at a level exceeding the legal limit. The CFS is following up on the incident.     “The CFS collected the above-mentioned frozen shrimp sample at the import level for testing under its routine Food Surveillance Programme. The test result showed that the sample contained cadmium at a level of 2.79 parts per million, exceeding the legal limit of 2 ppm,” a spokesman for the CFS said.     “Long-term excessive intake of cadmium may affect the kidney functions. The CFS has informed the importer concerned of the irregularity and instructed it to stop sales and remove from shelves the affected product. The CFS is also tracing the source and distribution of the product concerned,” the spokesman added.     According to the Food Adulteration (Metallic Contamination) Regulations (Cap. 132V), any person who sells food with metallic contamination above the legal limit is liable upon conviction to a fine of $50,000 and imprisonment for six months.     The CFS will alert the Spanish authorities and the trade, continue to follow up on the incident and take appropriate action. The investigation is ongoing.

     
    Ends/Thursday, October 24, 2024Issued at HKT 18:30

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Secretary-General of ASEAN participates in the 6th AMCA + Japan Meeting

    Source: ASEAN

    Secretary-General of ASEAN Dr. Kao Kim Hourn today joined other ministers in the 6th AMCA + Japan Meeting held in Melaka, Malaysia. The meeting was apprised of the implementation of joint initiatives with Japan through the ASEAN-Japan Cooperation Work Plan in Culture and the Arts (2022-2025).

    The post Secretary-General of ASEAN participates in the 6th AMCA + Japan Meeting appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Europe: ASIA/PHILIPPINES – Parishes welcome displaced people, hit by Typhoon Kristine

    Source: Agenzia Fides – MIL OSI

    Caritas Philippines

    Naga (Agenzia Fides) – More than 25 parishes and church facilities, such as the Basilica of Our Lady of Peñafrancia and the Ateneo de Naga University of the Archdiocese of Caceres, managed by the Jesuit Order, have opened their doors and are acting as temporary evacuation centers for displaced persons and families affected by the effects of Typhoon Kristine (international name: Trami), which is devastating the northeastern Philippines. The floods and landslides caused by the tropical storm, which began yesterday, October 23, have claimed at least 24 lives in the Bilcol region, while thousands are trapped in the villages. The government has closed schools and offices throughout the island of Luzon to protect the population. The “National Council for Disaster Risk Reduction and Management” reported that about 78,000 families in 14 provinces were affected by the devastating effects of the typhoon, after which initial relief efforts were immediately activated by institutions, non-governmental organizations and the church. As Caritas Philippines reports, the Catholic dioceses in the affected areas have activated teams of volunteers to assess the extent of the damage and take appropriate measures. “Our priority is to ensure the fastest possible aid for the most needy and weakest,” said Bishop Colin Bagaforo, President of Caritas Philippines. He points out that the structures of the local churches have agreed to welcome the refugees.The Archdiocese of Cáceres, meanwhile, made a public appeal to parishes, schools and institutions that can temporarily provide rooms for the displaced. In the diocese of Legazpi, several parish churches have been flooded but, despite the floods, have opened the doors of their parish centers, which are still accessible: the parish church of Polangui, for example, although affected, is hosting nearly 300 people, the most vulnerable displaced, such as pregnant and breastfeeding women with their children, the sick and the elderly. Some of them are housed in the parish priest’s home.Caritas Philippines has also launched a nationwide appeal for donations to provide essentials and humanitarian aid to the displaced. (PA (Agenzia Fides, 24/10/2024)

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    MIL OSI Europe News –

  • MIL-OSI: Donegal Group Inc. Announces Third Quarter and First Nine Months of 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    MARIETTA, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) — Donegal Group Inc. (NASDAQ: DGICA) and (NASDAQ: DGICB) today reported its financial results for the third quarter and first nine months of 2024.

    Significant Items for third quarter of 2024 (all comparisons to third quarter of 2023):

    • Net income of $16.8 million, or 51 cents per diluted Class A share, compared to net loss of $0.8 million, or 2 cents per Class A share
    • Net premiums earned increased 6.0% to $238.0 million
    • Net premiums written1 increased 5.9% to $232.2 million
    • Combined ratio of 96.4%, compared to 104.5%
    • Net income included after-tax net investment gains of $1.5 million, or 5 cents per diluted Class A share, compared to after-tax net investment losses of $1.0 million, or 3 cents per Class A share
    • Book value per share of $15.22 at September 30, 2024, compared to $14.26

    Financial Summary

      Three Months Ended September 30,   Nine Months Ended September 30,
        2024       2023     % Change     2024       2023     % Change
      (dollars in thousands, except per share amounts)
                           
    Income Statement Data                      
    Net premiums earned $ 237,957     $ 224,393     6.0 %   $ 700,017     $ 655,886     6.7 %
    Investment income, net   10,827       10,536     2.8       32,868       30,143     9.0  
    Net investment gains (losses)   1,876       (1,243 )   NM2     4,725       930     408.1  
    Total revenues   251,738       233,928     7.6       739,651       687,870     7.5  
    Net income (loss)   16,752       (805 )   NM      26,860       6,396     319.9  
    Non-GAAP operating income1   15,270       176     NM      23,127       5,661     308.5  
    Annualized return on average equity   13.4 %     -0.7 %   14.1 pts     7.2 %     1.8 %   5.4 pts
                           
    Per Share Data                      
    Net income (loss) – Class A (diluted) $ 0.51     $ (0.02 )   NM    $ 0.81     $ 0.20     305.0 %
    Net income (loss) – Class B   0.46       (0.02 )   NM      0.74       0.17     335.3  
    Non-GAAP operating income – Class A (diluted)   0.46       0.01     NM      0.70       0.17     311.8  
    Non-GAAP operating income – Class B   0.42       –     NM      0.63       0.15     320.0  
    Book value   15.22       14.26     6.7 %     15.22       14.26     6.7  
                           

    1The “Definitions of Non-GAAP Financial Measures” section of this release defines and reconciles data that we prepare on an accounting basis other than U.S. generally accepted accounting principles (“GAAP”).

    2Not meaningful.


    Management Commentary

    “We are pleased that many of the strategic initiatives we implemented in recent years contributed to significant improvement in our financial results for the third quarter of 2024,” said Kevin G. Burke, President and Chief Executive Officer of Donegal Group Inc.

    “With the exit from commercial lines markets in Georgia and Alabama essentially completed at the end of the second quarter of 2024, solid new business writings, rate achievement and retention levels led to a 6.4% increase in commercial lines net premiums written for the third quarter of 2024. Our personal lines net premiums written growth rate for the third quarter was 5.4%, primarily attributable to strong rate increases and policy retention that were partially offset by intentional strategic actions to slow growth and further improve profitability.

    “Despite higher-than-average weather-related losses during the quarter, primarily attributable to Hurricane Helene in late September, our combined ratio improved significantly to 96.4%, compared to 104.5% for the prior-year quarter. Our core loss ratios improved across all of our major lines of business. We attribute that improvement to the favorable impact of numerous ongoing underwriting initiatives and higher net premiums earned from renewal rate increases that we implemented over the past two years.”

    Mr, Burke concluded, “We have growing confidence that the continuing execution of our strategies will deliver sustained excellent financial performance.”

    Insurance Operations

    Donegal Group is an insurance holding company whose insurance subsidiaries and affiliates offer property and casualty lines of insurance in three Mid-Atlantic states (Delaware, Maryland and Pennsylvania), five Southern states (Georgia, North Carolina, South Carolina, Tennessee and Virginia), eight Midwestern states (Illinois, Indiana, Iowa, Michigan, Nebraska, Ohio, South Dakota and Wisconsin) and five Southwestern states (Arizona, Colorado, New Mexico, Texas and Utah). Donegal Mutual Insurance Company and the insurance subsidiaries of Donegal Group conduct business together as the Donegal Insurance Group.

      Three Months Ended September 30,   Nine Months Ended September 30,
        2024     2023   % Change     2024     2023   % Change
      (dollars in thousands)
                           
    Net Premiums Earned                      
    Commercial lines $ 136,401   $ 135,432   0.7 %   $ 402,982   $ 399,427   0.9 %
    Personal lines   101,556     88,961   14.2       297,035     256,460   15.8  
    Total net premiums earned $ 237,957   $ 224,393   6.0 %   $ 700,017   $ 655,887   6.7 %
                           
    Net Premiums Written                      
    Commercial lines:                      
    Automobile $ 41,464   $ 37,535   10.5 %   $ 142,067   $ 134,853   5.3 %
    Workers’ compensation   23,934     24,371   -1.8       82,599     85,315   -3.2  
    Commercial multi-peril   50,155     44,949   11.6       163,528     147,622   10.8  
    Other   10,548     11,639   -9.4       35,649     39,913   -10.7  
    Total commercial lines   126,101     118,494   6.4       423,843     407,703   4.0  
    Personal lines:                      
    Automobile   65,150     58,038   12.3       188,958     161,348   17.1  
    Homeowners   38,288     39,633   -3.4       109,655     105,035   4.4  
    Other   2,669     3,021   -11.7       8,383     8,917   -6.0  
    Total personal lines   106,107     100,692   5.4       306,996     275,300   11.5  
    Total net premiums written $ 232,208   $ 219,186   5.9 %   $ 730,839   $ 683,003   7.0 %
                           
                           

    Net Premiums Written

    The 5.9% increase in net premiums written for the third quarter of 2024 compared to the third quarter of 2023, as shown in the table above, represents the combination of 6.4% growth in commercial lines net premiums written and 5.4% growth in personal lines net premiums written. The $13.0 million increase in net premiums written for the third quarter of 2024 compared to the third quarter of 2023 included:

    • Commercial Lines: $7.6 million increase that we attribute primarily to new business writings, strong premium retention, and a continuation of renewal premium increases in lines other than workers’ compensation, offset partially by planned attrition in states in which we are executing ongoing profit improvement initiatives as part of our state-specific strategies.
    • Personal Lines: $5.4 million increase that we attribute primarily to a continuation of renewal premium rate increases and strong policy retention, offset partially by planned attrition due to non-renewal actions.

    Underwriting Performance

    We evaluate the performance of our commercial lines and personal lines segments primarily based upon the underwriting results of our insurance subsidiaries as determined under statutory accounting practices. The following table presents comparative details with respect to the GAAP and statutory combined ratios1 for the three and nine months ended September 30, 2024 and 2023:

      Three Months Ended   Nine Months Ended
      September 30,   September 30,
      2024     2023     2024     2023  
                   
    GAAP Combined Ratios (Total Lines)              
    Loss ratio – core losses 50.1 %   56.7 %   54.5 %   56.0 %
    Loss ratio – weather-related losses 10.3     11.5     8.6     9.1  
    Loss ratio – large fire losses 3.7     4.9     5.2     5.3  
    Loss ratio – net prior-year reserve development -2.6     -3.3     -2.2     -2.4  
    Loss ratio 61.5     69.8     66.1     68.0  
    Expense ratio 34.5     34.1     34.0     34.9  
    Dividend ratio 0.4     0.6     0.5     0.6  
    Combined ratio 96.4 %   104.5 %   100.6 %   103.5 %
                   
    Statutory Combined Ratios              
    Commercial lines:              
    Automobile 101.5 %   86.5 %   98.2 %   94.8 %
    Workers’ compensation 84.7     97.7     104.1     93.1  
    Commercial multi-peril 88.4     114.8     100.4     113.8  
    Other 59.4     76.2     78.4     82.7  
    Total commercial lines 89.8     97.5     98.6     100.2  
    Personal lines:              
    Automobile 97.8     109.8     97.8     106.1  
    Homeowners 116.8     128.9     107.5     111.2  
    Other 102.2     46.4     97.2     81.3  
    Total personal lines 104.7     119.4     101.2     107.2  
    Total lines 96.0 %   105.2 %   99.7 %   102.9 %
                   
                   

    Loss Ratio

    For the third quarter of 2024, the loss ratio decreased to 61.5%, compared to 69.8% for the third quarter of 2023. For the commercial lines segment, the core loss ratio of 48.5% for the third quarter of 2024 decreased from 53.7% for the third quarter of 2023, due largely to lower severity of large casualty losses. For the personal lines segment, the core loss ratio of 52.5% for the third quarter of 2024 decreased from 61.8% for the third quarter of 2023, due largely to the favorable impact of premium rate increases on net premiums earned for that segment. Core loss ratios in both segments improved compared to the respective ratios for the first half of 2024.

    Weather-related losses were $24.4 million, or 10.3 percentage points of the loss ratio, for the third quarter of 2024, compared to $25.7 million, or 11.5 percentage points of the loss ratio, for the third quarter of 2023. Weather-related loss activity for the third quarter of 2024 was higher than our previous five-year average of $18.8 million, or 9.4 percentage points of the loss ratio, for third-quarter weather-related losses. Our insurance subsidiaries incurred $6.0 million in net losses from Hurricane Helene in September 2024.

    Large fire losses, which we define as individual fire losses in excess of $50,000, for the third quarter of 2024 were $8.8 million, or 3.7 percentage points of the loss ratio. That amount was lower than large fire losses of $11.0 million, or 4.9 percentage points of the loss ratio, for the third quarter of 2023. We experienced a decrease in commercial property fire losses compared to the prior-year quarter.

    Net favorable development of reserves for losses incurred in prior accident years of $6.2 million decreased the loss ratio for the third quarter of 2024 by 2.6 percentage points, compared to $7.3 million that decreased the loss ratio for the third quarter of 2023 by 3.3 percentage points. Our insurance subsidiaries experienced favorable development primarily in the commercial multi-peril and other commercial lines of business.

    Expense Ratio

    The expense ratio was 34.5% for the third quarter of 2024, compared to 34.1% for the third quarter of 2023. The modest increase in the expense ratio primarily reflected an increase in underwriting-based incentive costs as well as higher technology systems-related expenses that were primarily due to increased costs related to our ongoing systems modernization project, a portion of which Donegal Mutual Insurance Company allocates to our insurance subsidiaries. This increase was offset partially by impacts of various expense reduction initiatives, including agency incentive program revisions, commission schedule adjustments, targeted staffing reductions, and hiring restrictions for open employment positions, among others. We expect the impact from allocated costs from Donegal Mutual Insurance Company to our insurance subsidiaries related to the ongoing systems modernization project will peak at approximately 1.3 percentage points of the expense ratio for the full year of 2024 before beginning to subside gradually in subsequent years.

    Investment Operations

    Donegal Group’s investment strategy is to generate an appropriate amount of after-tax income on its invested assets while minimizing credit risk through investment in high-quality securities. As a result, we had invested 96.2% of our consolidated investment portfolio in diversified, highly rated and marketable fixed-maturity securities at September 30, 2024.

      September 30, 2024   December 31, 2023
      Amount   %   Amount   %
      (dollars in thousands)
    Fixed maturities, at carrying value:              
    U.S. Treasury securities and obligations of U.S. government corporations and agencies $ 173,663     12.7 %   $ 176,991     13.3 %
    Obligations of states and political subdivisions   413,040     30.1       415,280     31.3  
    Corporate securities   427,372     31.2       399,640     30.1  
    Mortgage-backed securities   304,911     22.3       278,260     21.0  
    Allowance for expected credit losses   (1,483 )   -0.1       (1,326 )   -0.1  
    Total fixed maturities   1,317,503     96.2       1,268,845     95.6  
    Equity securities, at fair value   35,957     2.6       25,903     2.0  
    Short-term investments, at cost   15,805     1.2       32,306     2.4  
    Total investments $ 1,369,265     100.0 %   $ 1,327,054     100.0 %
                   
    Average investment yield   3.3 %         3.1 %    
    Average tax-equivalent investment yield   3.3 %         3.2 %    
    Average fixed-maturity duration (years)   5.1           4.3      
                   
                   

    Net investment income of $10.8 million for the third quarter of 2024 increased modestly compared to $10.5 million for the third quarter of 2023. The increase in net investment income primarily reflected an increase in average investment yield relative to the prior-year third quarter.

    Net investment gains of $1.9 million for the third quarter of 2024 were primarily related to unrealized gains in the fair value of equity securities held at September 30, 2024. Net investment losses of $1.2 million for the third quarter of 2023 were primarily related to unrealized losses in the fair value of equity securities held at September 30, 2023.

    Our book value per share was $15.22 at September 30, 2024, compared to $14.39 at December 31, 2023, with the increase related to net income as well as $11.9 million of after-tax unrealized gains within our available-for-sale fixed-maturity portfolio during 2024 that increased our book value by $0.37 per share, offset partially by cash dividends declared.

    Definitions of Non-GAAP Financial Measures

    We prepare our consolidated financial statements on the basis of GAAP. Our insurance subsidiaries also prepare financial statements based on statutory accounting principles state insurance regulators prescribe or permit (“SAP”). In addition to using GAAP-based performance measurements, we also utilize certain non-GAAP financial measures that we believe provide value in managing our business and for comparison to the financial results of our peers. These non-GAAP measures are net premiums written, operating income or loss and statutory combined ratio.

    Net premiums written and operating income or loss are non-GAAP financial measures investors in insurance companies commonly use. We define net premiums written as the amount of full-term premiums our insurance subsidiaries record for policies effective within a given period less premiums our insurance subsidiaries cede to reinsurers. We define operating income or loss as net income or loss excluding after-tax net investment gains or losses, after-tax restructuring charges and other significant non-recurring items. Because our calculation of operating income or loss may differ from similar measures other companies use, investors should exercise caution when comparing our measure of operating income or loss to the measure of other companies.

    The following table provides a reconciliation of net premiums earned to net premiums written for the periods indicated:

                           
      Three Months Ended September 30,   Nine Months Ended September 30,
        2024       2023     % Change     2024     2023   % Change
      (dollars in thousands)
                           
    Reconciliation of Net Premiums                      
    Earned to Net Premiums Written                      
    Net premiums earned $ 237,957     $ 224,393     6.0 %   $ 700,017   $ 655,886   6.7 %
    Change in net unearned premiums   (5,749 )     (5,207 )   10.4       30,822     27,117   13.7  
    Net premiums written $ 232,208     $ 219,186     5.9 %   $ 730,839   $ 683,003   7.0 %
                           
                           

    The following table provides a reconciliation of net income (loss) to operating income for the periods indicated:

      Three Months Ended September 30,   Nine Months Ended September 30,
        2024       2023     % Change     2024       2023     % Change
      (dollars in thousands, except per share amounts)
                           
    Reconciliation of Net Income (Loss)                      
    to Non-GAAP Operating Income                      
    Net income (loss) $ 16,752     $ (805 )   NM   $ 26,860     $ 6,396     319.9 %
    Investment (gains) losses (after tax)   (1,482 )     981     NM     (3,733 )     (735 )   407.9  
    Non-GAAP operating income $ 15,270     $ 176     NM   $ 23,127     $ 5,661     308.5 %
                           
    Per Share Reconciliation of Net Income (Loss)                      
    to Non-GAAP Operating Income                      
    Net income (loss) – Class A (diluted) $ 0.51     $ (0.02 )   NM   $ 0.81     $ 0.20     305.0 %
    Investment (gains) losses (after tax)   (0.05 )     0.03     NM     (0.11 )     (0.03 )   266.7  
    Non-GAAP operating income – Class A $ 0.46     $ 0.01     NM   $ 0.70     $ 0.17     311.8 %
                           
    Net income (loss) – Class B $ 0.46     $ (0.02 )   NM   $ 0.74     $ 0.17     335.3 %
    Investment (gains) losses (after tax)   (0.04 )     0.02     NM     (0.11 )     (0.02 )   450.0  
    Non-GAAP operating income – Class B $ 0.42     $ –     NM   $ 0.63     $ 0.15     320.0 %
                           
                           

    The statutory combined ratio is a non-GAAP standard measurement of underwriting profitability that is based upon amounts determined under SAP. The statutory combined ratio is the sum of:

    • the statutory loss ratio, which is the ratio of calendar-year incurred losses and loss expenses, excluding anticipated salvage and subrogation recoveries, to premiums earned;
    • the statutory expense ratio, which is the ratio of expenses incurred for net commissions, premium taxes and underwriting expenses to premiums written; and
    • the statutory dividend ratio, which is the ratio of dividends to holders of workers’ compensation policies to premiums earned.

    The statutory combined ratio does not reflect investment income, federal income taxes or other non-operating income or expense. A statutory combined ratio of less than 100% generally indicates underwriting profitability.

    Dividend Information

    On October 17, 2024, we declared a regular quarterly cash dividend of $0.1725 per share for our Class A common stock and $0.155 per share for our Class B common stock, which are payable on November 15, 2024 to stockholders of record as of the close of business on November 1, 2024.

    Pre-Recorded Webcast

    At approximately 8:30 am ET on Thursday, October 24, 2024, we will make available in the Investors section of our website a pre-recorded audio webcast featuring management commentary on our quarterly results and general business updates. You may listen to the pre-recorded webcast by accessing the link on our website at http://investors.donegalgroup.com. A supplemental investor presentation is also available via our website.

    About the Company

    Donegal Group Inc. is an insurance holding company whose insurance subsidiaries and affiliates offer property and casualty lines of insurance in certain Mid-Atlantic, Midwestern, Southern and Southwestern states. Donegal Mutual Insurance Company and the insurance subsidiaries of Donegal Group Inc. conduct business together as the Donegal Insurance Group. The Donegal Insurance Group has an A.M. Best rating of A (Excellent).

    The Class A common stock and Class B common stock of Donegal Group Inc. trade on the NASDAQ Global Select Market under the symbols DGICA and DGICB, respectively. We are focused on several primary strategies, including achieving sustained excellent financial performance, strategically modernizing our operations and processes to transform our business, capitalizing on opportunities to grow profitably and delivering a superior experience to our agents and customers.

    Safe Harbor

    We base all statements contained in this release that are not historic facts on our current expectations. Such statements are forward-looking in nature (as defined in the Private Securities Litigation Reform Act of 1995) and necessarily involve risks and uncertainties. Forward-looking statements we make may be identified by our use of words such as “will,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “seek,” “estimate” and similar expressions. Our actual results could vary materially from our forward-looking statements. The factors that could cause our actual results to vary materially from the forward-looking statements we have previously made include, but are not limited to, adverse litigation and other trends that could increase our loss costs (including social inflation, labor shortages and escalating medical, automobile and property repair costs), adverse and catastrophic weather events (including from changing climate conditions), our ability to maintain profitable operations (including our ability to underwrite risks effectively and charge adequate premium rates), the adequacy of the loss and loss expense reserves of our insurance subsidiaries, the availability and successful operation of the information technology systems our insurance subsidiaries utilize, the successful development of new information technology systems to allow our insurance subsidiaries to compete effectively, business and economic conditions in the areas in which we and our insurance subsidiaries operate, interest rates, competition from various insurance and other financial businesses, terrorism, the availability and cost of reinsurance, legal and judicial developments (including those related to COVID-19 business interruption coverage exclusions), changes in regulatory requirements, our ability to attract and retain independent insurance agents, changes in our A.M. Best rating and the other risks that we describe from time to time in our filings with the Securities and Exchange Commission. We disclaim any obligation to update such statements or to announce publicly the results of any revisions that we may make to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

    Investor Relations Contacts

    Karin Daly, Vice President, The Equity Group Inc.

    Phone: (212) 836-9623
    E-mail: kdaly@equityny.com

    Jeffrey D. Miller, Executive Vice President & Chief Financial Officer
    Phone: (717) 426-1931
    E-mail: investors@donegalgroup.com

    Financial Supplement

    Donegal Group Inc.
    Consolidated Statements of Income (Loss)
    (unaudited; in thousands, except share data)
               
          Quarter Ended September 30,
            2024     2023  
               
    Net premiums earned $ 237,957   $ 224,393  
    Investment income, net of expenses   10,827     10,536  
    Net investment gains (losses)   1,876     (1,243 )
    Lease income     77     86  
    Installment payment fees   1,001     156  
      Total revenues   251,738     233,928  
               
    Net losses and loss expenses   146,426     156,683  
    Amortization of deferred acquisition costs   40,200     39,332  
    Other underwriting expenses   41,827     37,155  
    Policyholder dividends   1,007     1,399  
    Interest     367     156  
    Other expenses, net     1,499     208  
      Total expenses   231,326     234,933  
               
    Income (loss) before income tax expense (benefit)   20,412     (1,005 )
    Income tax expense (benefit)   3,660     (200 )
               
    Net income (loss)   $ 16,752   $ (805 )
               
    Net income (loss) per common share:      
      Class A – basic and diluted $ 0.51   $ (0.02 )
      Class B – basic and diluted $ 0.46   $ (0.02 )
               
    Supplementary Financial Analysts’ Data      
               
    Weighted-average number of shares      
      outstanding:      
      Class A – basic   27,978,435     27,594,973  
      Class A – diluted   28,058,399     27,665,293  
      Class B – basic and diluted   5,576,775     5,576,775  
               
    Net premiums written $ 232,208   $ 219,186  
               
    Book value per common share      
      at end of period $ 15.22   $ 14.26  
               
    Donegal Group Inc.
    Consolidated Statements of Income
    (unaudited; in thousands, except share data)
               
          Nine Months Ended September 30,
            2024     2023
               
    Net premiums earned $ 700,017   $ 655,886
    Investment income, net of expenses   32,868     30,143
    Net investment gains   4,725     930
    Lease income     237     262
    Installment payment fees   1,804     649
      Total revenues   739,651     687,870
               
    Net losses and loss expenses   462,683     446,024
    Amortization of deferred acquisition costs   120,458     115,065
    Other underwriting expenses   117,604     113,715
    Policyholder dividends   3,248     4,088
    Interest     677     464
    Other expenses, net     2,309     969
      Total expenses   706,979     680,325
               
    Income before income tax expense   32,672     7,545
    Income tax expense     5,812     1,149
               
    Net income   $ 26,860   $ 6,396
               
    Net income per common share:      
      Class A – basic $ 0.82   $ 0.20
      Class A – diluted $ 0.81   $ 0.20
      Class B – basic and diluted $ 0.74   $ 0.17
               
    Supplementary Financial Analysts’ Data      
               
    Weighted-average number of shares outstanding:      
      Class A – basic   27,878,552     27,390,883
      Class A – diluted   27,916,904     27,507,706
      Class B – basic and diluted   5,576,775     5,576,775
               
    Net premiums written $ 730,839   $ 683,003
               
    Book value per common share      
      at end of period $ 15.22   $ 14.26
     
    Donegal Group Inc.
    Consolidated Balance Sheets
    (in thousands)
               
          September 30,   December 31,
            2024       2023  
          (unaudited)    
               
    ASSETS
    Investments:      
      Fixed maturities:      
        Held to maturity, at amortized cost $ 694,663     $ 679,497  
        Available for sale, at fair value   622,840       589,348  
      Equity securities, at fair value   35,957       25,903  
      Short-term investments, at cost   15,805       32,306  
        Total investments   1,369,265       1,327,054  
    Cash   28,651       23,792  
    Premiums receivable   194,254       179,592  
    Reinsurance receivable   434,078       441,431  
    Deferred policy acquisition costs   78,484       75,043  
    Prepaid reinsurance premiums   185,364       168,724  
    Other assets   56,030       50,658  
        Total assets $ 2,346,126     $ 2,266,294  
               
    LIABILITIES AND STOCKHOLDERS’ EQUITY
    Liabilities:      
      Losses and loss expenses $ 1,134,853     $ 1,126,157  
      Unearned premiums   646,870       599,411  
      Accrued expenses   2,987       3,947  
      Borrowings under lines of credit   35,000       35,000  
      Other liabilities   13,046       22,034  
        Total liabilities   1,832,756       1,786,549  
    Stockholders’ equity:      
      Class A common stock   312       308  
      Class B common stock   56       56  
      Additional paid-in capital   342,186       335,694  
      Accumulated other comprehensive loss   (20,951 )     (32,882 )
      Retained earnings   232,993       217,795  
      Treasury stock   (41,226 )     (41,226 )
        Total stockholders’ equity   513,370       479,745  
        Total liabilities and stockholders’ equity $ 2,346,126     $ 2,266,294  
               

    The MIL Network –

  • MIL-OSI Economics: Secretary-General of ASEAN attends the 6th AMCA + ROK Meeting

    Source: ASEAN

    Secretary-General of ASEAN Dr. Kao Kim Hourn today attended the 6th AMCA + Republic of Korea (ROK) Meeting held in Melaka, Malaysia. The meeting commended the substantive progress made in advancing cooperation with the ROK in culture and the arts. The meeting was also apprised of the wide array of joint initiatives with the ROK and the ongoing policy dialogues with the Korea Heritage Service.

    The post Secretary-General of ASEAN attends the 6th AMCA + ROK Meeting appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Europe: EU paves the way for investments in Timor-Leste’s water, waste, and forestry sectors, boosting the country’s sustainable development

    Source: European Investment Bank

    EIB

    • The EU-funded programme has supported the Government of Timor-Leste in identifying and preparing potential investment projects.
    • These projects have been identified in the sectors of forestry, water supply, and waste management, and were presented today as ready for financing, with a total investment need of approximately €260 million.
    • EIB Global is ready to assess these projects for financing.

     The European Union Delegation to Timor-Leste and the European Investment Bank (EIB Global) have worked closely with the Government of Timor-Leste to prepare investment projects aimed at improving the country’s infrastructure and fostering sustainable development. The three proposals resulting from this collaboration focus on water supply, solid waste management, and forestry, and are now ready to be transformed into tangible investments.

    The three projects include a commercial forestry initiative in the municipalities of Covalima and Bobonaro, a national solid waste management project including a health waste management component, and a water supply project for selected municipalities. The forestry project aims to transform underutilised state lands, generating essential resources like firewood and timber, while creating thousands of jobs for local communities. The national waste management project introduces solutions for the safe and efficient management of waste thus reducing significantly the pollution discharged into the environment. The water supply project focuses on improving access to clean water in key municipalities, addressing both urban and rural needs for better sanitation and reliable water sources. Together these initiatives require a total investment of about €260 million.

    The preparation of the three investment projects was made possible through the Project Preparation and Implementation Programme (PPIP), which concluded today with the final Steering Committee meeting where these projects were presented. Managed by EIB Global, the PPIP was supported by a €5 million budget, including €4.75 million in technical assistance from the EU and €250,000 from the Cotonou Partnership Agreement.

    The final Steering Committee meeting was chaired by H.E. the Minister for Planning and Strategic Investments, Gastão Francisco de Sousa, and attended by representatives from the Government of Timor-Leste, EIB Global, the EU Delegation to Timor-Leste, and other stakeholders.

    The Ambassador to the European Union Delegation to Timor-Leste, Mr Marc Fiedrich said: “If converted into a loan, the Project Preparation and Implementation Programme opens a new era of cooperation. Until today, our support, although significant in terms of funds, consisted of limited instruments: grants, technical assistance, and budget support. With this programme, we add loans and guarantees, and maybe later private investments. This is the new trend of cooperation promoted by the EU, the innovative Global Gateway strategy that may become the norm in the near future.”

    The Vice-President of the European Investment Bank Ambroise Fayolle said: “Alongside our EU partners on the ground, we have been supporting the Government of Timor-Leste in identifying and preparing investment projects. By focusing on strategic sectors such as forestry, water supply, and waste management, these initiatives will not only address immediate community needs but also lay the groundwork for sustainable economic growth. We look forward to turning these project proposals into tangible investments. As the EU’s financial arm, the EIB stands ready to provide the necessary financial support to make these projects a reality, in line with the EU’s Global Gateway strategy.”

    His Excellency the Minister for Planning and Strategic Investments, Gastão Francisco de Sousa said: “All three projects have the potential to make significant and long-term contributions to Timor-Leste’s development, and to improved rural and urban environments. The projects comply with and support our national development objectives for their respective sectors.” He emphasised the role of the Ministry of Planning and Strategic Investments in facilitating and coordinating efforts across the sectors.

    His Excellency the Minister of Agriculture, Livestock, Fisheries and Forestry, Marcos da Cruz said: “I would like to thank the EIB, the EU Delegation and COWI for the design of the Timor-Leste Commercial Forestry Project. We welcome this innovative approach to the development of commercial forestry in Timor-Leste, using currently unproductive land. In addition, the project is expected to provide jobs for people living in the target areas, re-green vulnerable areas, increase incomes from forest products, and increase Government’s income.”

    His Excellency the Minister of State Administration, Tomás do Rosário Cabral said: “We are grateful for the European Investment Bank’s support for waste management projects. Providing adequate and affordable waste services to the entire population is of great concern for the Government. It will improve public health and is much needed for protecting the terrestrial and marine environment. Specifically, better healthcare risk waste management is urgently needed. In this respect, the EIB project proposal provides a modern, efficient, and sustainable solution that should be implemented as soon as possible.”

    Background information:

    Project Preparation and Implementation Programme (PPIP) is an EU-funded and EIB-managed project designed to assist the Government of Timor-Leste in the identifying, preparing and implementing projects that are technically sound, financially viable, and environmentally and socially responsible, and are ready for investments. The programme has identified potential projects in the three sectors — water, solid waste management and forestry — by conducting prefeasibility studies for six projects and completing three feasibility studies. Investment projects in forestry and solid waste are now ready for the Government of Timor-Leste to request loan from the EIB and EU grant funding, should they choose to move forward with these initiatives.

    Steering Committee of the Project Preparation and Implementation Programme is chaired by the Ministry for Planning and Strategic Investments. The committee also includes representatives from several key government entities of Timor-Leste, such as by the Ministry of Foreign Affairs and Cooperation, the Ministry of Finance, the Ministry of State Administration, the Ministry of Public Works, the Ministry of Agriculture, Livestock, Fisheries and Forestry and Bee Timor-Leste public utility company.

    The European Union (EU) is a unique economic and political union between 27 European countries that cover much of the continent together. In Timor-Leste, the EU is the second largest donor of development aid (grant funding). The EU is committed to supporting Timor-Leste’s 2011-2030 Strategic Development plan, which aims to transform Timor-Leste into an upper-middle-income country by 2030 based on rapid, inclusive growth enabling it to improve infrastructure, worker skills, education, training and health systems, and combat poverty and malnutrition. The EU assistance focuses on green and sustainable economic recovery and development, rural development, good governance for sustainable development and gender equality.

    The European Investment Bank (EIB) is the long-term financing institution of the European Union owned by its Member States. EIB Global is the EIB’s specialised arm devoted to increasing the impact of international partnerships and development finance outside the European Union. EIB Global is a key partner of the EU Global Gateway strategy, and is designed to foster strong, focused partnerships within Team Europe, alongside fellow development finance institutions and civil society. EIB Global brings the EIB closer to local people, companies and institutions through our offices across the world.

    Global Gateway is the European Union’s strategy to reduce the worldwide investment gap, boost smart, clean and secure connections in the digital, energy and transport sectors, and strengthen health, education and research systems. The Global Gateway strategy embodies a Team Europe approach that brings together the European Union, EU Member States and European development finance institutions. It aims to mobilise up to €300 billion in public and private investments between 2021 and 2027, creating essential links rather than dependencies, and closing the global investment gap.

    EU paves the way for investments in Timor-Leste’s
    EU paves the way for investments in Timor-Leste’s water, waste, and forestry sectors, boosting the country’s sustainable development
    ©EIB
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    EU paves the way for investments in Timor-Leste’s
    EU paves the way for investments in Timor-Leste’s water, waste, and forestry sectors, boosting the country’s sustainable development
    ©EIB
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    MIL OSI Europe News –

  • MIL-OSI Russia: Innovations in the digital economy were discussed at an international conference at the Polytechnic University

    Translation. Region: Russian Federation –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    On October 17-18, the sixth annual international scientific conference on innovations in the digital economy SPBPU IDE-2024 was held at Peter the Great St. Petersburg Polytechnic University. The event was organized and held by the Higher School of Engineering and Economics (HSE) of the Institute of Industrial Management, Economics and Trade (IPMET) together with the Center for Sustainable Development of the University of Indonesia. The opening, plenary session and sections of the conference were held in the IPMET building, and participants from other countries and regions had the opportunity to join the conference via online communication.

    Welcoming the participants, Vladimir Glukhov, Advisor to the Rectorate of SPbPU, noted that the conference is an important step towards strengthening international scientific cooperation and promotes knowledge exchange for the development of innovative potential, taking into account global challenges. Vladimir Shchepinin, Director of IPMEIT, emphasized the importance of discussing current issues and prospects for the development of the digital economy, and wished the participants fruitful work.

    Cooperation with colleagues from Belarus, Armenia, Indonesia, Vietnam, China, India, and Tajikistan allows expanding the geography of research contacts. At the plenary session, VIES Director Dmitry Rodionov noted that holding such events helps promote the results of scientific activity of SPbPU scientists at the international level.

    The partner for the conference was traditionally the University of Indonesia. At the plenary session, it was represented by the Deputy for Green and Digital Infrastructure of the Nusantara Administration, Professor Dr. Mohammed Ali Berawi.

    Opening remarks and keynote speeches were given by partners from the University of Indonesia, Nanjing University, Russian-Armenian University, Belarusian State University of Informatics and Radioelectronics, Yerevan State University, Tashkent State University of Economics, Da Nang University, and the Indian Institute of Technology.

    Special thanks for organizing and holding the plenary session and sections are expressed to the staff of VIESH, in particular Professor Andrey Zaitsev, Associate Professors Tatyana Mokeeva, Daria Krasnova, Ksenia Evseeva and assistant Daria Kryzhko.

    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.

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: IASST Guwahati, inks MoU with Bharat Biotech International Ltd. (BBIL), Hyderabad, on Technology Transfer

    Source: Government of India

    Posted On: 24 OCT 2024 3:27PM by PIB Delhi

    The Institute of Advanced Study in Science and Technology (IASST), Guwahati, an autonomous institution of Department of Science and Technology (DST) signed a crucial R&D collaboration and product development agreement with Bharat Biotech International (BBIL) to bring innovative health products developed from probiotics isolated from traditional fermented foods of Northeast India to market.

    These probiotics have shown great potential in addressing metabolic diseases, improving gut health, and promoting healthy ageing, based on research conducted by IASST.

    Secretary Department of Science and Technology (DST) Professor Abhay Karandikar who presided over the agreement signing highlighted that the collaboration aligns with the broader vision of promoting the bioeconomy of Northeast India by utilising its rich biodiversity and marks a significant milestone for IASST.

    “The agreement between IASST and Bharat Biotech will facilitate the commercialisation of these innovative technologies being developed by IASST. Bharat Biotech’s global reputation for excellence in biopharmaceuticals, vaccines, and health solutions will help IASST in translating these scientific innovations into products. The collaboration will facilitate the necessary pre-clinical and clinical studies for these potential probiotics, and I am confident that the product will fight against metabolic diseases by promoting healthy ageing,” he added.

    The agreement was signed by Director IASST, Prof. Ashis Mukherjee and Executive Chairman of BBIL, Hyderabad, Dr Krishna Ella as well as Dr. Yogeshwar Rao from BBIL.

    Director IASST Prof. Ashis Mukherjee underlined the importance of the collaboration, noting that it provides a unique opportunity to convert academic research into commercially viable products.

    Bharat Biotech, a global leader in vaccine and health solutions, will be crucial in conducting pre-clinical and clinical trials to ensure these probiotics meet regulatory standards.

    The agreement delineates each party’s obligations, with IASST contributing its scientific understanding and spearheading the research initiatives. Bharat Biotech will participate in the commercialization process. A monitoring committee, consisting of representatives from all stakeholders, will supervise the project’s advancement to guarantee the timely attainment of milestones. The agreement specifies that IASST will get royalties from selling items generated via this partnership.

    The probiotic products, rooted in traditional knowledge, are expected to provide natural solutions for lifestyle diseases like diabetes and obesity while contributing to India’s growing biotechnology sector. Both IASST and Bharat Biotech expressed confidence in the partnership, envisioning a future where scientific innovations from the region globally impact health and wellness.

    Dr. Mojibur Khan, Professor, IASST, Dr M Mohanty and senior officials from DST, IASST and BBIL were present on the occasion.

    ***

    NKR/KS/AG

    (Release ID: 2067666) Visitor Counter : 57

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Cabinet approves two projects with estimated cost of Rs 6,798 crore and will be completed in 5 years to provide connectivity, facilitate ease of travelling, minimize logistics cost, reduce oil imports and lower CO2 emissions

    Source: Government of India

    Cabinet approves two projects with estimated cost of Rs 6,798 crore and will be completed in 5 years to provide connectivity, facilitate ease of travelling, minimize logistics cost, reduce oil imports and lower CO2 emissions

    Projects will improve logistical efficiency connecting the unconnected areas, increase the existing line capacity and enhancing transportation networks, resulting in streamlined supply chains and accelerated economic growth

    The projects will generate direct employment for about 106 lakh human-days

    Posted On: 24 OCT 2024 3:14PM by PIB Delhi

    The Cabinet Committee on Economic Affairs (CCEA) chaired by the  Prime Minister Shri Narendra Modi, has approved Two projects of Ministry of Railways with total estimated cost of Rs.6,798 crore (approx.).  

    Two approved projects are – (a) doubling of Narkatiaganj-Raxaul-Sitamarhi-Darbhanga & Sitamarhi-Muzaffarpur Section covering 256 kms and (b) construction of new line between Errupalem and Namburu via Amaravati covering 57 kms. 

    The doubling of Narkatiaganj-Raxaul-Sitamarhi-Darbhanga & Sitamarhi-Muzaffarpur Section will strengthen the connectivity to Nepal, North-east India and Border areas and facilitating movement of passenger trains along with goods train resulting in the socio-economic growth of the region. 

    The new rail line project Errupalem-Amaravati-Namburu traverses through NTR Vijayawada and Guntur districts of Andhra Pradesh and Khammam district of Telangana. 

    The Two projects covering 8 Districts in 3 States i.e., Andhra Pradesh, Telangana and Bihar will increase the existing network of Indian Railways by about 313 Kms. 

    New Line project will provide connectivity to approx. 168 villages and about 12 Lakh population with 9 new stations. Multi-tracking project will enhance connectivity to Two Aspirational Districts (Sitamarhi and Muzaffarpur) serving approx. 388 villages and about 9 lakh population. 

    These are essential routes for transportation of commodities such as agriculture products, fertilizer, coal, iron ore, steel, cement, etc. The capacity augmentation works will result in additional freight traffic of magnitude 31 MTPA (Million Tonnes Per Annum). The Railways being environment friendly and energy efficient mode of transportation, will help both in achieving climate goals and minimizing logistics cost of the country, lower CO2 emissions (168 Crore Kg) which is equivalent to plantation of 7 Crore trees. 

    The new line proposal will provide direct connectivity to “Amaravati” the proposed Capital of Andhra Pradesh and improve mobility for industries and the population, providing enhanced efficiency and service reliability for Indian Railways. The multi-tracking proposal will ease operations and reduce congestion, providing the much-required infrastructural development on the busiest sections across Indian Railways. 

    The projects are in line with  Prime Minister’s Vision of a New India which will make people of the region “Atmanirbhar” by way of comprehensive development in the area which will enhance their employment/ self-employment opportunities. 

    The projects are result of PM-Gati Shakti National Master Plan for multi-modal connectivity which have been possible through integrated planning and will provide seamless connectivity for movement of people, goods and services. 

    *****

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  • MIL-OSI Asia-Pac: Union Cabinet approves establishment of Rs.1,000 crore Venture Capital Fund for Space Sector under aegis of IN-SPACe

    Source: Government of India

    Posted On: 24 OCT 2024 3:25PM by PIB Delhi

    The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved setting up of Rs.1000 crore Venture Capital Fund dedicated to space sector, under aegis of IN-SPACe.

    Financial implications:

    The deployment period of the proposed Rs.1,000 crore VC fund is planned to be up to five years from the actual date of start of the fund operations. The average deployment amount could be Rs.150-250 crore per year, depending on the investment opportunities and fund requirements. The proposed break-up financial year wise is as below:

    S.No.

     

    Financial Year

     

    Estimate (In Rs.Crores)

     

    I

     

    2025-26

     

    150.00

     

    2

     

    2026-27

     

    250.00

     

    3

     

    2027-28

     

    250.00

     

    4

     

    2028-29

     

    250.00

     

    5

     

    2029-30

     

    100,00

     

     

     

    Total Envelope (VC)

     

    1000.00

     

     

    The indicative range of investment is proposed to be Rs.10-Rs.60 Crore, contingent upon the stage of the company, its growth trajectory, and its potential impact on national space capabilities. Indicative Equity Investment Range could be:

    •    Growth Stage: Rs.10 Crore – Rs.30 Crore

    •    Late Growth Stage: Rs.30 Crore – Rs.60 Crore

    Based on the above investment range, the fund is expected to support approximately 40 startups.

    Details:

    The Fund is strategically designed to advance India’s space sector, aligning with national priorities and fostering innovation and economic growth through the following key initiatives:

    a.       Capital Infusion

    b.       Retaining Companies in India

    c.       Growing Space Economy

    d.       Accelerating Space Technology Development

    e.       Boosting Globa! Competitiveness

    f.        Supporting Atmanirbhar Bharat

    g.       Creating a Vibrant Innovation Ecosystem

    h.       Driving Economic Growth and Job Creation

    i.        Ensuring Long-Term Sustainability

     

    By addressing these points, the fund aims to strategically position India as one of the leading space economies.

     

    Benefits:

    1. Capital infusion to create a multiplier effect by attracting additional funding for later-stage development, thereby instilling confidence in private investors.
    2. Retention of space companies domiciled within India & countering the trend of Indian companies domiciling abroad.
    3. Accelerate private space industry’s growth to meet the goal of a five-fold expansion of the Indian Space Economy in next ten years.
    4. Drive advancements in space technology and strengthening India’s leadership through private sector participation.
    5. Boost global competitiveness.
    6. Supporting Atmanirbhar Bharat.

    Impact, including employment generation potential:

    The proposed fund is expected to boost employment in the Indian space sector by supporting startups across the entire space supply chain—upstream, midstream, and downstream. It will help businesses scale, invest in R&D, and expand their workforce. Each investment could generate hundreds of direct jobs in fields like engineering, software development, data analysis, and manufacturing, along with thousands of indirect jobs in supply chains, logistics, and professional services. By fostering a strong startup ecosystem, the fund will not only create jobs but also develop a skilled workforce, driving innovation and enhancing India’s global competitiveness in the space market.

    Background:

    The Government of India, as part of its 2020 space sector reforms, established IN-SPACe to promote and oversee private sector participation in space activities. IN-SPACe has proposed a Rs.1000 crore Venture Capital Fund to support the growth of India’s space, economy, currently valued at S8.4 billion, with a target to reach $44 billion by 2033. The fund aims to address the critical need for risk capital, as traditional lenders are hesitant to fund startups in this high-tech sector. With nearly 250 space startups emerging across the value chain, timely financial support is crucial to ensure their growth and prevent talent loss overseas. The proposed government-backed fund will boost investor confidence, attract private capital, and signal the government’s commitment to advancing space reforms. It will serve as an Alternative investment Fund under SEBI regulations, providing early-stage equity to startups and enabling them to scale for further private equity investments.

    ***

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  • MIL-OSI Asia-Pac: NLC India Enters into Joint Venture Agreement with Rajasthan for Formation of Two JVs for Power Capacity Addition

    Source: Government of India

    Posted On: 24 OCT 2024 3:08PM by PIB Delhi

    With the vision of Prime Minister Shri. Narendra Modi, for energy security with sustainable energy generation, under the guidance of Union Minister of Coal and Mines Shri. G Kishan Reddy and Minister of State for Coal and Mines Shri Satish Chandra Dubey, and in line with corporate plan for aggressive capacity addition, NLC India Ltd has entered into Joint Venture Agreements for formation of two significant Joint Ventures (JVs) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL). First JV is signed between NLC India Renewables Limited (NIRL) and RRVUNL to establish Renewable Energy projects in the state of Rajasthan and Second JV is between NLCIL and RRVUNL for the development of a Lignite-Based Thermal Power Station.

    In the presence of Additional Chief Secretary (ACS), Energy, Govt. of Rajasthan Shri. Alok, IAS, and CMD, NLCIL, Shri. Prasanna Kumar Motupalli, the JV agreements were signed by Director (Finance), NLCIL Dr. Prasanna Kumar Acharya and CMD, RRVUNL, Shri Devendra Shringi. In both the Joint Ventures (JVs), NLCIL will hold a 74% equity stake, while RRVUNL will hold 26%.

    These JVs mark a significant step towards advancing sustainable energy and power generation.

    ****

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  • MIL-OSI Asia-Pac: Department of Posts issues a Commemorative Stamp to mark 200 Years of Kittur Vijayotsava

    Source: Government of India

    Posted On: 24 OCT 2024 3:05PM by PIB Delhi

    On the 200th anniversary of Kittur Vijayotsava a commemorative Postage stamp was released at the historic Kittur Rani Channamma Stage, Kittur Fort Premises on 23rd October,2024. This grand event commemorated Rani Channamma’s glorious victory on 23rd October,1824 against the British rule.

    The Department of Posts has a rich legacy of celebrating the contributions of freedom fighters who played pivotal roles in India’s fight for Independence. Over the years, India Post has released numerous stamps honoring these heroes. This ongoing tradition not only preserves their memories but also inspires future generations to remember the sacrifices made for our nation’s freedom. On the occasion of the 200th anniversary of Kittur’s historic resistance against British rule, the Department of Posts proudly presents a commemorative postage stamp celebrating the valor and legacy of Rani Channamma.

    The stamp was released by Shri Rajendra Kumar, Chief Postmaster General, Karnataka Circle, Bengaluru in the gracious presence of spiritual leaders Pujya Shri Shri Madiwal Rajayogeendra Maha Swamiji, Pujya Shri. Pamchakshari Maha Swamiji, Shri. Shri Basava Jaya Mrutyunjaya Swamiji and other esteemed guests.


    Release of Postage Stamp on 200 Years of Kittur Vijayotsava

    The commemorative stamp designed by Shri Brahm Prakash features a striking portrait of Rani Channamma, on her horse drawing a sword, fighting against the British, embodying her strength and bravery. Surrounding her image are forts symbolizing the rich heritage of Kittur and the historic battle of Kittur. The stamp is rendered in vibrant colors, capturing the spirit of resistance and resilience exemplified by Rani Channamma. Accompanying the artwork is the inscription “Kittur Vijayotsava – 200 Years” to honor this historic milestone, making it a poignant tribute to her enduring legacy in India’s freedom fight.

    Postage Stamp on 200 Years of Kittur Vijayotsava

    This stamp pays tribute to her indomitable spirit and leadership during a crucial period in India’s fight for independence and serves as a reminder of Kittur’s rich history and its enduring impact on the nation’s freedom struggle. Join us in reflecting on the sacrifices and bravery of those who stood against oppression, as we celebrate the legacy of Rani Channamma and the spirit of resistance that continues to inspire us today.

    Social Media Links :

    https://x.com/JM_Scindia/status/1849144772189126943?t=PmO-NA3aVCAXCxy2PLAnAQ&s=08

    *****

    SB/DP/ARJ

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  • MIL-OSI Asia-Pac: The Union Minister Shri Nitin Gadkari Emphasizes Use of AI and Advanced Technology to Improve Road Safety

    Source: Government of India (2)

    The Union Minister Shri Nitin Gadkari Emphasizes Use of AI and Advanced Technology to Improve Road Safety

    Shri Gadkari Pushes for Innovation in Road Safety Technology and Collaboration with Startups

    Posted On: 24 OCT 2024 2:52PM by PIB Delhi

    The Union Minister of Road Transport & Highways, Shri Nitin Gadkari, addressed the 12th edition of the Traffic InfraTech Expo, emphasizing the critical need to improve road safety and the adoption of advanced technologies in the transportation sector in New Delhi, today.

    In his address, Shri Gadkari underscored the alarming statistics of road accidents in India, noting that the country experiences around 5 lakh accidents each year, resulting in numerous fatalities. He highlighted that more than half of these casualties are in the age group of 18-36 years. The economic loss due to road accidents is estimated at 3% of the country’s GDP, he said. He stressed that improving road safety is a top priority for the government, and measures are already underway to address this issue.

    The Minister highlighted the need for improvements in road engineering, emphasizing the use of the latest global technologies. He expressed a keen interest in collaborating with Indian startups and young engineers who are innovating in this area. Shri Gadkari noted that road safety cannot be achieved without integrating advanced engineering solutions, enforcement of laws, and the adoption of cutting-edge technologies like Artificial Intelligence.

    Shri Gadkari also spoke about new approaches to law enforcement using technology. He mentioned efforts to identify traffic violations through AI and other innovative methods, allowing authorities to enforce penalties accurately. He also outlined plans for upgrading toll collection methods, including the exploration of satellite toll systems, which would improve efficiency and ensure transparency in toll collection.

    Highlighting the Ministry’s approach to enhancing road safety, Shri Gadkari shared that the government has decided to appoint experts from the private sector to collaborate on developing technological solutions. A dedicated expert committee will evaluate proposals from startups and industry leaders, ensuring that the best ideas are implemented. the committee has been directed to finalize its evaluations within three months, aiming for rapid improvements in the sector.

    The Minister emphasized the government’s commitment to maintaining high-quality standards, particularly in the use of surveillance technology like cameras. He assured that quality and standards would not be compromised, regardless of whether solutions come from large or small companies. Shri Gadkari encouraged small firms with innovative technologies to participate in government tenders, stressing the importance of cost-effectiveness while maintaining profit margins without exploitation.

    While concluding his remarks, Shri Gadkari highlighted the importance of collaboration between the road and transport sectors to create integrated solutions. He expressed confidence that by using the best technologies, India can achieve transparency, reduce costs, and significantly enhance road safety. Shri Gadkari extended his gratitude to the participants for their efforts in research and development, bringing the Indian industry to international standards, and expressed pride in their contributions to the nation.

    Union Minister Shri Nitin Gadkari called upon all stakeholders—government, private sector, and startups—to come together in addressing the urgent issue of road safety in India.

    *****

    NKK/AK

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  • MIL-OSI Asia-Pac: Tariff Notification No. 69/2024-Customs (N.T.) dated 23rd October, 2024 in respect of Fixation of Tariff Value for Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

    Source: Government of India (2)

    Posted On: 24 OCT 2024 2:03PM by PIB Delhi

    In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001, namely:-

    In the said notification, for TABLE-1, TABLE-2, and TABLE-3 the following Tables shall be substituted, namely: –

    “TABLE-1

    Sl. No.

    Chapter/ heading/ sub-heading/tariff item

    Description of goods

    Tariff value

    (US $Per Metric Tonne)

    (1)

    (2)

    (3)

    (4)

    1

    1511 10 00

    Crude Palm Oil

    1008 (i.e., no change)

    2

    1511 90 10

    RBD Palm Oil

    1019 (i.e., no change)

    3

    1511 90 90

    Others – Palm Oil

    1014 (i.e., no change)

    4

    1511 10 00

    Crude Palmolein

    1024 (i.e., no change)

    5

    1511 90 20

    RBD Palmolein

    1027 (i.e., no change)

    6

    1511 90 90

    Others – Palmolein

    1026 (i.e., no change)

    7

    1507 10 00

    Crude Soya bean Oil

    1025 (i.e., no change)

    8

    7404 00 22

    Brass Scrap (all grades)

    5626 (i.e., no change)

    TABLE-2

    Sl. No.

    Chapter/ heading/ sub-heading/tariff item

    Description of goods

    Tariff value

    (US $)

    (1)

    (2)

    (3)

    (4)

     

    1.

    71 or 98

    Gold, in any form, in respect of which the benefit of entries at serial number 356 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed

    855 per 10 grams  (i.e., no change)

     

     

    2.

    71 or 98

    Silver, in any form, in respect of which the benefit of entries at serial number 357 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed

     

     

    1118 per kilogram

     

     

     

     

     

     

     

     

    3.

     

    71

    (i) Silver, in any form, other than medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92;

     

    (ii) Medallions and silver coins having silver  content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92, other than imports of such goods through post, courier or baggage.

     

    Explanation. – For the purposes of this entry, silver in any form shall not include foreign currency coins, jewellery made of silver or  articles made of silver.

    1118 per kilogram

     

     

     

     

    4.

    71

    (i) Gold bars, other than tola bars, bearing manufacturer’s or refiner’s engraved serial number and weight expressed in metric units;

    (ii) Gold coins having gold content not below 99.5% and gold findings, other than imports of such goods through post, courier or baggage.

    Explanation. – For the purposes of this entry, “gold findings” means a small component such as hook, clasp, clamp, pin, catch, screw back used to hold the whole or a part of a piece of Jewellery in place.

     855 per 10 grams (i.e., no change)

    TABLE-3

    Sl. No.

    Chapter/ heading/ sub-heading/tariff item

    Description of goods

    Tariff value

    (US $ Per Metric Ton)

    (1)

    (2)

    (3)

    (4)

    1

    080280

    Areca nuts

    6552 (i.e., no change)”
    1. This notification shall come into force with effect from the 24th   day of October, 2024.

    Note: – The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide Notification No. 36/2001–Customs (N.T.), dated the 3rd August, 2001, vide number S. O. 748 (E), dated the 3rd August, 2001 and was last amended vide Notification No. 66/2024-Customs (N.T.), dated the 15th October 2024 e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 4535 (E), dated 15th October 2024.    

    ****

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  • MIL-OSI Asia-Pac: Chairman, CBIC launches a nationwide rollout of Behavioral Sensitization program in CBIC during Karmayogi Saptaah(National Learning Week)

    Source: Government of India

    Chairman,  CBIC launches a nationwide rollout of Behavioral Sensitization program in CBIC during Karmayogi Saptaah(National Learning Week)

    Program aims to train 35000 officials to improve service delivery and public interactions

    Posted On: 24 OCT 2024 1:35PM by PIB Delhi

    During Karmayogi Saptaah/National Learning Week, the Chairman , CBIC Shri Ravi Aggarwal launched a nationwide rollout of Behavioral Sensitization program in CBIC. This initiative has been kicked off with 52 batches across all 32 zones of CBIC.

    This significant initiative aims at enhancing the capabilities of its workforce through a Behavioral Sensitization Training Program. This program is designed to train approximately 35,000 officials at various levels, including Inspectors, Superintendents, Assistant Commissioners, and Deputy Commissioners. An external knowledge partner has been  engaged to assist with program design and implementation, ensuring that the training is comprehensive and impactful.

    Additionally, the involvement of all zones, along with NACIN and ZTIs, will be pivotal for the successful execution of this initiative. By focusing on behavioral skills and sensitivity, the program aims to foster a more responsive and empathetic approach to governance, ultimately improving service delivery and public interactions. This effort underscores CBIC’s commitment to continuous professional development and the effective implementation of policies that align with the broader goals of the Karmayogi initiative.

    ****

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  • MIL-OSI Asia-Pac: Mormugao Port Authority recognized globally as an incentive provider on the Environmental Ship Index (ESI) platform

    Source: Government of India

    Mormugao Port Authority recognized globally as an incentive provider on the Environmental Ship Index (ESI) platform

    Mormugao becomes India’s pioneering port to implement Green Ship Incentives under the ESI

    ‘Harit Shrey’ scheme launched in October 2023, offering port fee discounts based on ESI ratings of commercial ships

    The “Harit Shrey” initiative has provided benefits to numerous vessels, encouraging eco-friendly practices

    Posted On: 24 OCT 2024 1:20PM by PIB Delhi

    Mormugao Port Authority has gained global recognition by being listed as an incentive provider on the Environment Ship Index (ESI) portal, acknowledged by the International Association of Ports and Harbours (IAPH). This achievement highlights the port’s commitment to promoting environmentally friendly practices for seagoing vessels.

    Mormugao Port is India’s first port to introduce Green Ship Incentives through the ESI, aligning with global efforts to reduce air emissions in shipping. The port’s incentive program, ‘Harit Shrey,’ launched in October 2023, offers discounts on port charges based on ESI scores, rewarding ships with higher environmental performance.

    In August 2024, the Secretary General of IAPH praised Mormugao Port’s efforts in joining the ESI Programme and raising awareness of green shipping incentives in the region. Mormugao stands out in Asia alongside Japan and Oman, which also offer similar incentives.

    Since the introduction of the “Harit Shrey scheme,” many ships have benefited from the incentives aimed at reducing greenhouse gas emissions. This initiative supports the broader goal of achieving long-term emission reductions in maritime operations. The port authority has also submitted the scheme for the IAPH Sustainability Awards under the World Port Sustainability Programme (WPSP), emphasizing its dedication to sustainable practices.

    This recognition positions Mormugao Port as a key player in advancing sustainable maritime practices, contributing to international efforts in reducing carbon emissions and improving air quality.

    ****

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  • MIL-OSI Asia-Pac: Ministry of Social Justice and Empowerment set to host ‘SAMAGAM’ – A Grand Finale celebrating month-long Initiatives for Senior Citizens

    Source: Government of India (2)

    Posted On: 24 OCT 2024 1:14PM by PIB Delhi

    Union Ministry of Social Justice and Empowerment (MoSJE) is set to host the Grand Finale Event, ‘SAMAGAM’, on 25th October 2024 at Rang Bhawan Auditorium, Akashvani Complex, New Delhi. The event would mark the culmination of a series of month-long activities organized by the Ministry, aimed at promoting the dignity, respect, and security of senior citizens across the Nation.

    The event would be presided over by Union Minister for Social Justice and Empowerment, Dr. Virendra Kumar as Chief Guest, in the august presence of Ministers of State (SJE), Shri Ramdas Athawale and Shri B. L. Verma, along with Dr. Vinod Kumar Paul, Member, NITI Aayog. The Grand Finale would showcase the outcomes of these efforts, highlighting the positive impact made through policy interventions, community participation, and public outreach.

    Over the past month, the Ministry, in collaboration with various Ministries, Departments, and public stakeholders, has implemented a wide range of initiatives for the welfare of senior citizens. These programmes were focused on enhancing their social and economic inclusion, providing them access to essential services, and raising public awareness about the challenges they face.

    ‘SAMAGAM’ is a testament to the Ministry’s unwavering commitment to senior citizens’ welfare. Through innovative programmes, collaborative efforts with stakeholders, and policy frameworks designed to address the needs of the elderly, the Ministry has worked tirelessly to ensure that senior citizens are not only supported but celebrated as valued members of society.

    The event will also serve as a platform to reinforce the Ministry’s future goals for empowering senior citizens, focusing on health, financial security, and community engagement. In recognizing the contributions of senior citizens to society, ‘SAMAGAM’ aims to inspire greater societal responsibility towards creating a more inclusive, compassionate, and secure environment for the elderly.

    *****

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  • MIL-OSI Asia-Pac: India’s Ethanol Push: A Path to Energy Security

    Source: Government of India (2)

    India’s Ethanol Push: A Path to Energy Security

    Achieving 15% ethanol blending in 2024, India targets 20% by 2025

    Posted On: 24 OCT 2024 1:11PM by PIB Delhi

    Click here for more detail:- India’s Ethanol Push: A Path to Energy Security

    ****

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  • MIL-OSI Asia-Pac: NHRC takes suo motu cognizance of the reported death of a four-year-old boy after a part of a machine in an open-air gym fell on him in a municipality-run park in West Delhi’s Moti Nagar

    Source: Government of India

    NHRC takes suo motu cognizance of the reported death of a four-year-old boy after a part of a machine in an open-air gym fell on him in a municipality-run park in West Delhi’s Moti Nagar

    Expressing concern over the condition of equipment in other public parks, issues notices to the Delhi Chief Secretary, Vice-Chairman, DDA, Commissioner, MCD and Secretary, NDMC calling for a detailed report

    Delhi Police Commissioner also asked for his comments on the subject along with the status of the police investigation in the instant case

    Posted On: 24 OCT 2024 12:38PM by PIB Delhi

    The National Human Rights Commission (NHRC), India has taken suo motu cognizance of a media report that a four-year-old boy died after a part of a machine in an open-air gym fell on him in a municipality-run park in West Delhi’s Moti Nagar on 13th October, 2024. Reportedly, the people present on the spot suspected that the nuts and bolts of the equipment were loose which led to the incident.

    The Commission has observed that the contents of the media report, if true, raise a serious issue of violation of human rights due to alleged negligence by the authorities in the maintenance of the equipment, installed in the public park. The incident raises serious concerns about the condition of equipment in other public parks governed, managed and maintained by the local government bodies in Delhi. Accordingly, it has issued notices to the Chief Secretary, Government of NCT of Delhi, Vice-Chairman, Delhi Development Authority (DDA), Commissioner, Municipal Corporation of Delhi (MCD) and Secretary, New Delhi Municipal Council (NDMC) calling for a detailed report in the matter within four weeks. The authorities are also expected to inform whether any compensation has been paid to the aggrieved family.

    The report should also include the status of the maintenance and safety audit of the swings and gym equipment, etc. installed in the public parks under their jurisdiction in Delhi. The Commission has also asked the Commissioner of Police, Delhi to submit his comments on the subject along with the status of the police investigation being conducted in the instant case.

    *****

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  • MIL-OSI Asia-Pac: Ministry of Jal Shakti launches 6th National Water Awards, 2024

    Source: Government of India

    Ministry of Jal Shakti launches 6th National Water Awards, 2024

    Last date of submission of applications is 31st December, 2024

    Awards will be conferred in 9 categories

    Posted On: 24 OCT 2024 12:27PM by PIB Delhi

    The Department of Water Resources, River Development and Ganga Rejuvenation, Ministry of Jal Shakti has launched the 6th National Water Awards (NWA), 2024 on the Rashtriya Puraskar portal. All the applications will be received only through Rashtriya Puraskar portal (www.awards.gov.in). General public may refer to this portal or the website of this Department (www.jalshakti-dowr.gov.in) for further details. The last date of submission of applications is 31st December, 2024.

    Eligibility for the awards:

    Any State, District, Village Panchayat, Urban Local Body, School/College, Institution (other than school/college), Industry, Civil society, or Water User Association who has done exemplary work in the field of water conservation and management are eligible to apply.

    Trophy and Citation:

    For the categories – ‘Best State’ and ‘Best District’, winners will be felicitated with a trophy and citation. In the remaining categories – ‘Best Village Panchayat’, ‘Best Urban Local Body’, ‘Best School/College’, ‘Best Institution (other than school/college)’, ‘Best industry’, ‘Best Civil Society’, ‘Best Water User Association’, and ‘Best Industry’, winners will be felicitated with cash prize along with trophy and citation. The cash prizes for the 1st, 2nd and 3rd rank winners are Rs.2 lakhs, Rs.1.5 lakhs, and Rs.1 lakh, respectively.

    Selection Process:

    All applications received for the National Water Awards are scrutinised by a Screening Committee of the DoWR, RD & GR. The shortlisted applications are placed before a Jury Committee headed by a retired Secretary level officer. Thereafter, ground truthing of the shortlisted applications is carried out by the organisations of the Department of Water Resources, RD & GR viz Central Water Commission (CWC) and Central Ground Water Board (CGWB). Jury Committee evaluates the applications on the basis of ground truthing reports and recommends the winners. The recommendations of the Committee are submitted to the Union Minister of Jal Shakti for approval. The names of the winners are announced on a suitable date and an award distribution ceremony is organised wherein the winners are conferred with the awards by the Hon’ble President of India or Hon’ble Vice President of India.

    Details of the awards:

    Sl. No.

    Category of Award

    Eligible Entity

    Award

    No. of Awards/Prize money

    1.

     

    Best State

     

    State Government/ UT

    Trophy with

    Citation

    3 Awards

    2.

    Best District

    District Administration/

    DM/DC

    Trophy with

    Citation

    5 awards

     

    (One award from each of the five zones i.e. Northern, Southern, Western, Eastern & North Eastern)

    3.

    Best Village Panchayat

    Village Panchayat

    Cash Awards &

    Trophy with

    Citation

    3 Awards

     

    First award:      Rs.2 lakh

    Second award: Rs.1.5 lakh

    Third award:    Rs.1 lakh

    4.

    Best Urban Local Body

    Urban Local Body

    Cash Awards &

    Trophy with

    Citation

    3 Awards

     

    First award:      Rs.2 lakh

    Second award: Rs.1.5 lakh

    Third award:    Rs.1 lakh

    5.

    Best School or College

    School/College

    Cash Awards &

    Trophy with

    Citation

    3 Awards

     

    First award:      Rs.2 lakh

    Second award: Rs.1.5 lakh

    Third award:    Rs.1 lakh

    6.

    Best Institution

    (other than School/College)

    Institutions/RWAs/ Religious organizations

    Cash Awards &

    Trophy with

    Citation
    1. awards

    (i) 2 awards for campus usage (First award: Rs.2 lakh; Second award: Rs.1.5 lakh)

    (ii) 1 award for other than campus (Award: Rs.2 lakh)

    7.

    Best Industry

    Small/Medium/Large Scale Industry

    Cash Awards &

    Trophy with

    Citation

    3 Awards

     

    First award:      Rs.2 lakh

    Second award: Rs.1.5 lakh

    Third award:    Rs.1 lakh

    8.

    Best Civil Society

    Registered NGOs/ Civil societies

    Cash Awards &

    Trophy with

    Citation

    3 Awards

     

    First award:      Rs.2 lakh

    Second award: Rs.1.5 lakh

    Third award:    Rs.1 lakh

    9.

    Best Water User Association

    Water User Associations

    Cash Awards &

    Trophy with

    Citation

    3 Awards

     

    First award:      Rs.2 lakh

    Second award: Rs.1.5 lakh

    Third award:    Rs.1 lakh

     

    The National Water Awards (NWAs) were introduced to recognize and encourage exemplary work and efforts made by States, Districts, individuals, organizations etc. across the country in accomplishing the government’s vision ‘Jal Samridh Bharat’. It aims to sensitize the public about the importance of water and motivate them to adopt the best water usage practices. The award winners in different categories will be presented with a citation, trophy and cash prize. The objective of the National Water Awards is to encourage the stakeholders to adopt a holistic approach toward water resource management in the country as surface water and groundwater play a significant role in the water cycle. In order to embrace these objectives, the first edition of the National Water Awards was introduced in the year 2018 by the Department. In the first National Water Awards, 2018, 82 winners in 14 categories were awarded. Subsequently, 2nd National Water Awards, 2019 were conferred on 98 winners in 16 categories, 3rd National Water Awards, 2020 were awarded to 57 winners under 11 categories, 4th National Water Awards, 2022 were conferred on 41 winners under 11 categories, and 5th National Water Awards, 2023 have been awarded to 38 winners in 09 categories.   National water awards for 2021 were not organised due to CoVID pandemic.

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    DSK

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  • MIL-OSI Asia-Pac: Ministry of Agriculture and Farmers’ Welfare and International Rice Research Institute to organize 13th National Seed Congress from 28-30 November, 2024 at Varanasi in Uttar Pradesh

    Source: Government of India

    Ministry of Agriculture and Farmers’ Welfare and International Rice Research Institute to organize 13th National Seed Congress from 28-30 November, 2024 at Varanasi in Uttar Pradesh

    Event is being organized in collaboration with the International Rice Research Institute of South Asia Regional Centre and the National Seed Research and Training Center

    The 3-day event aims to bring together policymakers, farmers, and representatives from the private and public sectors to build a roadmap for a vibrant and equitable seed sector in India

    “Fostering Regional Cooperation, Partnership, and Knowledge Exchange in the Seed Sector” will be the theme of NSC 2024

    Posted On: 24 OCT 2024 11:52AM by PIB Delhi

    The Ministry of Agriculture & Farmers’ Welfare, Government of India will be hosting the 13th edition of the National Seed Congress (NSC), scheduled to take place in Varanasi, Uttar Pradesh, from November 28-30, 2024. The event is being organized in collaboration with the International Rice Research Institute (IRRI) South Asia Regional Centre (ISARC) and the National Seed Research and Training Center (NSRTC). The National Seed Congress will bring together stakeholders from across the seed value chain, offering a platform to explore transformative solutions and tackle the pressing challenges faced by the sector today.

    Underlining the role of NSC, Smt. Shubha Thakur, Additional Secretary, Department of Agriculture and Farmers’ Welfare stated that, “To boost farmers’ income and ensure food and nutrition security for billions, access to high-quality, climate-resilient, and nutritious seeds, along with improved cultivars, is more crucial than ever. NSC 2024 will serve as a platform to collaborate on addressing these challenges, empowering farmers, and ensuring that India’s agriculture remains strong and sustainable. This event will catalyze innovative solutions and promote partnerships that drive seed sector growth.”

    “This event comes at a crucial time, as agriculture is facing evolving market demands and a need for more inclusive and sustainable seed systems. The convergence of experts and stakeholders from across the seed value chain in diverse agro-ecologies will allow us to generate impactful solutions to these complex issues”, remarked Dr. Yvonne Pinto, Director General, IRRI.

    Dr. Sudhanshu Singh, Director of IRRI’s South Asia Regional Centre (ISARC) will be convening this year’s event. Since its inauguration by Prime Minister Shri Narendra Modi in 2018, ISARC in Varanasi has been instrumental in advancing IRRI’s efforts to strengthen India’s seed systems, through innovative research, capacity building, and impactful partnerships over the years. Along with development of successful climate-resilient rice varieties such as Sahbhagi Dhan and Swarna-Sub 1, and nutritionally enhanced varieties and value-added products, the institution has also facilitated cross-border seed exchange, expediting varietal release and accelerated adoption through policies like ‘Seeds Without Borders’. Additionally, IRRI’s genomic tools, digital platforms, and robust seed systems ensure faster varietal development and structured dissemination.

    Shri Manoj Kumar, Director of the National Seed Research and Training Centre (NSRTC) and co-convener of the event emphasized NSRTC’s critical role in improving seed quality and training across the country. He highlighted NSRTC’s involvement in the event, stating, “National Seed Congress is a crucial forum for knowledge exchange and capacity building. NSRTC is dedicated to improving seed quality control and facilitating the transfer of modern technologies to the industry. Through our participation in NSC 2024, we aim to strengthen the seed quality testing network and ensure that high-quality seeds are accessible to farmers across the country.”

    NSC is an annual gathering of researchers, policymakers, farmers, and representatives from the private and public sectors to build a roadmap for a vibrant and equitable seed sector in India. With the theme, “Fostering Regional Cooperation, Partnership, and Knowledge Exchange in the Seed Sector,” NSC 2024 will provide a platform for presenting experiences and insights on the research advances, innovations, and principles related to seed, crop improvement, and seed delivery systems.

    NSC 2024 aims to catalyze scientific progress by facilitating the exchange of ideas and interdisciplinary research. It will address pressing global challenges in the seed sector and offer insights and solutions that can influence policy changes, technological innovations, and sustainable development.

    NSC 2024 will focus on building sustainable, equitable, and resilient seed systems by addressing a diverse range of topics, including-Breeding and Seed Systems for Climate Resilience, Advancements in Seed Quality and Technology, Digital Solutions for Breeding, Seed Systems, and Market Insights, Strengthening Public-Private Partnerships in Seed Sector, Inclusive Seed Systems for Livelihood Improvement, Innovative Approaches for Seed Delivery and Scaling, and Nutritional Security through Strategic Seed Initiatives.

    Interested stakeholders can visit the website for more information and register using the link:  https://13thnscindia2024.com/index.html

    All queries may be routed to:

    Organising Secretary, NSC: Dr Swati Nayak, IRRI (Borlaug Field Award Recipient 2023) at info-nsc2024[at]irri[dot]org

    *****

    SS

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  • MIL-OSI Asia-Pac: INDIAN NAVY’S PREPARATORY ACTIVITIES FOR HADR OPS – CYCLONE DANA

    Source: Government of India (2)

    Posted On: 24 OCT 2024 11:55AM by PIB Delhi

    In anticipation of the severe impact of Cyclone Dana along the coast of Odisha and West Bengal, the Indian Navy is preparing to conduct Humanitarian Assistance and Disaster Relief (HADR) operations.

    Eastern Naval Command, in coordination with Naval Officers-in-Charge (NOIC) in Andhra Pradesh, Odisha, and West Bengal, have activated a comprehensive disaster response mechanism. The command is working closely with units such as the Base Victualling Yard (BVY), Material Organisation and the naval hospital INHS Kalyani to provide essential supplies and medical support if sought by the State administration.

    As part of this preparation, HADR pallets, including essential clothing, drinking water, food, medicines, and emergency relief materials, have been deployed by road to key locations in the areas that are likely to be affected. In addition, Flood Relief and Diving Teams are being mobilised to assist in coordinated rescue and relief operations if needed.

    To support relief efforts from Sea, two ships of the Eastern Fleet are standing by with supplies and rescue and diving teams.

    The Indian Navy continues to monitor the situation closely and remains on high alert, ready to extend its support to the civil authorities and the people affected by Cyclone Dana.

    ****

    VM/SPS 

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: International Rice Research Institute to organize 13th National Seed Congress from 28-30 November, 2024 at Varanasi in Uttar Pradesh

    Source: Government of India (2)

    International Rice Research Institute to organize 13th National Seed Congress from 28-30 November, 2024 at Varanasi in Uttar Pradesh

    The 3-day event aims to bring together policymakers, farmers, and representatives from the private and public sectors to build a roadmap for a vibrant and equitable seed sector in India

    “Fostering Regional Cooperation, Partnership, and Knowledge Exchange in the Seed Sector” will be the theme of NSC 2024

    Posted On: 24 OCT 2024 11:52AM by PIB Delhi

    The Ministry of Agriculture & Farmers’ Welfare, Government of India will be hosting the 13th edition of the National Seed Congress (NSC), scheduled to take place in Varanasi, Uttar Pradesh, from November 28-30, 2024. The event is being organized in collaboration with the International Rice Research Institute (IRRI) South Asia Regional Centre (ISARC) and the National Seed Research and Training Center (NSRTC). The National Seed Congress will bring together stakeholders from across the seed value chain, offering a platform to explore transformative solutions and tackle the pressing challenges faced by the sector today.

    Underlining the role of NSC, Smt. Shubha Thakur, Additional Secretary, Department of Agriculture and Farmers’ Welfare stated that, “To boost farmers’ income and ensure food and nutrition security for billions, access to high-quality, climate-resilient, and nutritious seeds, along with improved cultivars, is more crucial than ever. NSC 2024 will serve as a platform to collaborate on addressing these challenges, empowering farmers, and ensuring that India’s agriculture remains strong and sustainable. This event will catalyze innovative solutions and promote partnerships that drive seed sector growth.”

    “This event comes at a crucial time, as agriculture is facing evolving market demands and a need for more inclusive and sustainable seed systems. The convergence of experts and stakeholders from across the seed value chain in diverse agro-ecologies will allow us to generate impactful solutions to these complex issues”, remarked Dr. Yvonne Pinto, Director General, IRRI.

    Dr. Sudhanshu Singh, Director of IRRI’s South Asia Regional Centre (ISARC) will be convening this year’s event. Since its inauguration by Prime Minister Shri Narendra Modi in 2018, ISARC in Varanasi has been instrumental in advancing IRRI’s efforts to strengthen India’s seed systems, through innovative research, capacity building, and impactful partnerships over the years. Along with development of successful climate-resilient rice varieties such as Sahbhagi Dhan and Swarna-Sub 1, and nutritionally enhanced varieties and value-added products, the institution has also facilitated cross-border seed exchange, expediting varietal release and accelerated adoption through policies like ‘Seeds Without Borders’. Additionally, IRRI’s genomic tools, digital platforms, and robust seed systems ensure faster varietal development and structured dissemination.

    Shri Manoj Kumar, Director of the National Seed Research and Training Centre (NSRTC) and co-convener of the event emphasized NSRTC’s critical role in improving seed quality and training across the country. He highlighted NSRTC’s involvement in the event, stating, “National Seed Congress is a crucial forum for knowledge exchange and capacity building. NSRTC is dedicated to improving seed quality control and facilitating the transfer of modern technologies to the industry. Through our participation in NSC 2024, we aim to strengthen the seed quality testing network and ensure that high-quality seeds are accessible to farmers across the country.”

    NSC is an annual gathering of researchers, policymakers, farmers, and representatives from the private and public sectors to build a roadmap for a vibrant and equitable seed sector in India. With the theme, “Fostering Regional Cooperation, Partnership, and Knowledge Exchange in the Seed Sector,” NSC 2024 will provide a platform for presenting experiences and insights on the research advances, innovations, and principles related to seed, crop improvement, and seed delivery systems.

    NSC 2024 aims to catalyze scientific progress by facilitating the exchange of ideas and interdisciplinary research. It will address pressing global challenges in the seed sector and offer insights and solutions that can influence policy changes, technological innovations, and sustainable development.

    NSC 2024 will focus on building sustainable, equitable, and resilient seed systems by addressing a diverse range of topics, including-Breeding and Seed Systems for Climate Resilience, Advancements in Seed Quality and Technology, Digital Solutions for Breeding, Seed Systems, and Market Insights, Strengthening Public-Private Partnerships in Seed Sector, Inclusive Seed Systems for Livelihood Improvement, Innovative Approaches for Seed Delivery and Scaling, and Nutritional Security through Strategic Seed Initiatives.

    Interested stakeholders can visit the website for more information and register using the link:  https://13thnscindia2024.com/index.html

    All queries may be routed to:

    Organising Secretary, NSC: Dr Swati Nayak, IRRI (Borlaug Field Award Recipient 2023) at info-nsc2024[at]irri[dot]org

    *****

    SS

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  • MIL-OSI Asia-Pac: MoU signed between National Financial Reporting Authority (NFRA) and Indian Institute of Corporate Affairs (IICA) to collaborate on capacity building programs for professionals

    Source: Government of India

    MoU signed between National Financial Reporting Authority (NFRA) and Indian Institute of Corporate Affairs (IICA) to collaborate on capacity building programs for professionals

     A four-month course  to commence from last week of December 2024 for the 1st batch under this MoU

    Posted On: 23 OCT 2024 9:39PM by PIB Delhi

    In a significant step towards knowledge and capacity building in the area of corporate governance, the National Financial Reporting Authority (NFRA) and the Indian Institute of Corporate Affairs (IICA) have signed a Memorandum of Understanding (MoU) on 22nd October 2024 in Delhi.

    The MoU outlines the framework for collaboration between the National Financial Reporting Authority (NFRA) and the Indian Institute of Corporate Affairs (IICA). A significant deliverable under the MoU includes capacity building programmes designed for early and mid-career auditing and accounting professionals and audit committee members and independent directors.

    The collaboration stems from NFRA’s enforcement and inspection findings which revealed that despite the mandatory nature of auditing standards in the Companies Act 2013, in a number of cases auditors exhibited inadequate awareness regarding their obligations within these standards. This resulted in overlooking mandatory requirements, inadequate testing procedures, and ultimately, deficiencies in obtaining sufficient and appropriate evidence to support their audit work. The programmes will be developed with an aim to equip participants with knowledge of accounting and auditing standards, quality management standards, ethical standards etc, and practical insights (through case studies or case examples) that facilitates application of these standards and related requirements by them, towards furthering the goal of enhancing audit quality.

    This initiative also covers designing programmes, leveraging IICA’s experience & expertise developed over several years, that may be used by audit committee members across public and private sector organizations towards furthering the goals of corporate governance.

    This initiative is also towards fulfilment of NFRA’s obligations towards promoting awareness of accounting and auditing standards, auditors’ responsibilities, audit quality, and other relevant matters through education, training, seminars, workshops, conferences, and publicity initiatives.

    The 1st batch of a course under this MoU titled as “IICA-NFRA certification course for Audit Committee Members” is a four-month course and is likely to commence from last week of December 2024. A six-month programme for auditors is also being planned for auditors of listed companies. By enhancing the competence of auditors and other professionals, the program aims to ensure a more robust and thorough auditing environment in the Country.

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    NB/AD

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  • MIL-OSI Asia-Pac: Indian Government’s decision of conferring Classical Language status on Pali has ignited a spirit of joy among those who believe in the thoughts of Bhagwan Buddha: Prime Minister

    Source: Government of India

    Posted On: 24 OCT 2024 10:43AM by PIB Delhi

    The Prime Minister, Shri Narendra Modi today expressed happiness over Indian Government’s decision of conferring Classical Language status on Pali. He added that it has ignited a spirit of joy among those who believe in the thoughts of Bhagwan Buddha. Shri Modi also thanked the scholars and monks from different nations who took part in panel discussion on ‘Pali as a Classical Language’ hosted by ICCR in Colombo.

    Responding to a post by India in SriLanka handle, Shri Modi stated:

    “Glad that the Indian Government’s decision of conferring Classical Language status on Pali has ignited a spirit of joy among those who believe in the thoughts of Bhagwan Buddha. Grateful to the scholars and monks from different nations who took part in this programme in Colombo.”

     

     

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    MJPS/VJ/SR

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  • MIL-OSI Asia-Pac: MoD inks Rs 387.44 crore contract with Chowgule & Company Pvt. Ltd., Goa for six Air Cushion Vehicles for Indian Coast Guard

    Source: Government of India (2)

    Posted On: 24 OCT 2024 4:08PM by PIB Delhi

    Ministry of Defence, on October 24, 2024, signed a contract with Chowgule & Company Pvt. Ltd., Goa for procurement of six Air Cushion Vehicles (ACVs) for the Indian Coast Guard at a total cost of Rs 387.44 crore. These amphibious vessels, also called ‘Hovercrafts’, will be procured under the Buy {Indian) category.

    These ACVs will be indigenously manufactured in India for the first time in line with the ‘Aatmanirbhar Bharat’ vision of the Government, representing a pivotal step in the nation’s shipping landscape. The project will also significantly enhance the technical expertise and growth of indigenous ancillary, especially the MSME sector.

    The procurement of these platforms is aimed to boost the Indian Coast Guard’s capability and reinforces the increased focus towards maritime security. These modern ACVs will be used for multipurpose maritime roles including high speed coastal patrolling, reconnaissance, interception, search & rescue operations and assistance to ships & crafts in distress.

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    SR/Savvy

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  • MIL-OSI Asia-Pac: Cabinet approves two Railway projects with estimated cost of Rs 6,798 crore and will be completed in 5 years to provide connectivity, facilitate ease of travelling, minimize logistics cost, reduce oil imports and lower CO2 emissions

    Source: Government of India (2)

    Cabinet approves two Railway projects with estimated cost of Rs 6,798 crore and will be completed in 5 years to provide connectivity, facilitate ease of travelling, minimize logistics cost, reduce oil imports and lower CO2 emissions

    Projects will improve logistical efficiency connecting the unconnected areas, increase the existing line capacity and enhancing transportation networks, resulting in streamlined supply chains and accelerated economic growth

    The projects will generate direct employment for about 106 lakh human-days

    Posted On: 24 OCT 2024 3:12PM by PIB Delhi

    The Cabinet Committee on Economic Affairs (CCEA) chaired by the  Prime Minister Shri Narendra Modi, has approved Two Railway projects of Ministry of Railways with total estimated cost of Rs.6,798 crore (approx.).  

    Two approved projects are – (a) doubling of Narkatiaganj-Raxaul-Sitamarhi-Darbhanga & Sitamarhi-Muzaffarpur Section covering 256 kms and (b) construction of new line between Errupalem and Namburu via Amaravati covering 57 kms. 

    The doubling of Narkatiaganj-Raxaul-Sitamarhi-Darbhanga & Sitamarhi-Muzaffarpur Section will strengthen the connectivity to Nepal, North-east India and Border areas and facilitating movement of passenger trains along with goods train resulting in the socio-economic growth of the region. 

    The new rail line project Errupalem-Amaravati-Namburu traverses through NTR Vijayawada and Guntur districts of Andhra Pradesh and Khammam district of Telangana. 

    The Two projects covering 8 Districts in 3 States i.e., Andhra Pradesh, Telangana and Bihar will increase the existing network of Indian Railways by about 313 Kms. 

    New Line project will provide connectivity to approx. 168 villages and about 12 Lakh population with 9 new stations. Multi-tracking project will enhance connectivity to Two Aspirational Districts (Sitamarhi and Muzaffarpur) serving approx. 388 villages and about 9 lakh population. 

    These are essential routes for transportation of commodities such as agriculture products, fertilizer, coal, iron ore, steel, cement, etc. The capacity augmentation works will result in additional freight traffic of magnitude 31 MTPA (Million Tonnes Per Annum). The Railways being environment friendly and energy efficient mode of transportation, will help both in achieving climate goals and minimizing logistics cost of the country, lower CO2 emissions (168 Crore Kg) which is equivalent to plantation of 7 Crore trees. 

    The new line proposal will provide direct connectivity to “Amaravati” the proposed Capital of Andhra Pradesh and improve mobility for industries and the population, providing enhanced efficiency and service reliability for Indian Railways. The multi-tracking proposal will ease operations and reduce congestion, providing the much-required infrastructural development on the busiest sections across Indian Railways. 

    The projects are in line with  Prime Minister’s Vision of a New India which will make people of the region “Atmanirbhar” by way of comprehensive development in the area which will enhance their employment/ self-employment opportunities. 

    The projects are result of PM-Gati Shakti National Master Plan for multi-modal connectivity which have been possible through integrated planning and will provide seamless connectivity for movement of people, goods and services. 

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