Category: Business

  • MIL-OSI Asia-Pac: English rendering of PM’s address at post-budget webinar on agriculture and rural prosperity

    Source: Government of India

    Posted On: 01 MAR 2025 3:55PM by PIB Delhi

    Namaskar!

    After the budget, your presence in the budget-related webinar is very important. Thank you all for joining this program. This year’s budget was the first full budget of the third term of our government. This budget not only shows continuity in our policies, but also shows a new expansion in the vision of a developed India. The inputs and suggestions given by all of you stakeholders before the budget were very useful while preparing the budget. Now in implementing this budget more effectively, in getting the best and quickest outcome, in making all the decisions and policies effective, your role has increased further.

    Friends, 

    India’s resolve to move towards the goal of a developed India is very clear. We are all together engaged in building such an India where farmers are prosperous and empowered. Our endeavour is to ensure that no farmer is left behind and every farmer is encouraged to move forward. We have given a place of pride to our Annadatas, considering agriculture as the first engine of development. We are moving together towards two major goals, first- development of the agriculture sector and second- prosperity of our villages.

    Friends, 

    The PM Kisan Nidhi Yojana was implemented 6 years ago. Under this scheme, farmers have received almost 4 lakh crore rupees so far. This amount has been directly transferred to the accounts of nearly 11 crore farmers. With this financial assistance of 6 thousand rupees annually, the rural economy is getting strengthened. We have created a farmer-centric digital infrastructure so that the benefits of this scheme can reach farmers across the country. That is, there is no scope for any middleman to enter or leakage in this, a no-cut company. This is an example of the fact that if experts and visionary people like you cooperate, then the scheme succeeds as soon as possible and gives better results. With your contribution, any scheme can be implemented with full strength and transparency. I would like to appreciate your cooperation in this and your active cooperation always. Now it is necessary that we work together and speedily to implement the announcements of this year’s budget. In this also we will get your cooperation as before, but we should get more cooperation and more comprehensive cooperation in every sector. 

    Friends, 

    As you now know, today India’s agricultural production is at a record level. The agricultural production which was around 265 million tonnes 10-11 years ago has now increased to more than 330 million tonnes. Similarly, the production related to horticulture has increased to more than 350 million tonnes. This is the result of our government’s seed to market approach. Agricultural reforms, empowerment of farmers and strong value chain have made this possible. Now we have to reach even bigger targets by making full use of the agricultural potential of the country. In this direction, we have announced the PM Dhan Dhanya Krishi Yojana in the budget, this is a very important scheme for me. Under this, the focus will be on the development of the 100 districts with the lowest agricultural productivity in the country. You all have seen the results of the Aspirational District program on many parameters of development. These districts are getting a lot of benefits of collaboration, governance and healthy competition, and convergence. I would like all of you to study the results obtained from such districts and learn from their learnings and take the PM Dhan Dhanya Krishi Yojana forward at a very fast pace in these 100 districts. This will help in increasing the income of farmers in these 100 districts.

    Friends, 

    In the last few years, due to our efforts, the production of pulses has increased in the country, and I also congratulate the farmers for this. But, still 20 percent of our domestic consumption is dependent on foreign countries, on imports. That means we have to increase our pulses production. We have achieved self-sufficiency in gram and moong. But we have to work more rapidly to increase the production of tur, urad and masoor. To speed up the production of pulses, it is necessary to maintain the supply of improved seeds and promote hybrid varieties. For this, all of you will have to focus on solving challenges like climate change, market uncertainty, and price fluctuations.

    Friends, 

    In the last decade, ICAR has used modern tools and cutting-edge technologies in the breeding program. This has led to the development of more than 2900 new varieties in various crops including cereals, oilseeds, pulses, fodder, sugarcane between 2014 and 2024. You have to ensure that the farmers of our country get these new varieties at affordable rates. We also have to ensure that the farmers’ yield is not affected by the fluctuations of the weather. You know that this time in the budget, it has been announced to start a national mission for high yielding seeds. I would especially like to tell the people from the private sector who are present in this program to definitely focus on the dissemination of these seeds. To ensure that these seeds reach small farmers, they will have to be made a part of the seed chain, and it is our job to decide how to become one.

    Friends, 

    You all are seeing that today people have become very aware about nutrition. Therefore, in view of the increasing demand for horticulture, dairy and fishery products, a lot of investment has been made in these sectors. Many programs are being run to increase the production of fruits and vegetables. The formation of Makhana Board in Bihar has also been announced. I urge all of you stakeholders to find new ways to spread diverse nutritional foods. Such nutritional foods should reach every corner of the country and the global market.

    Friends, 

    In 2019, we launched the PM Matsya Sampada Yojana. This was an important step towards strengthening the value chain of this sector, creating infrastructure and modernizing it. This helped in improving production, productivity and post-harvest management in the field of fisheries. In the past years, investment in this sector was also increased through many schemes, the results of which are in front of us today. Today fish production has doubled, our exports have also doubled. Our effort is to promote sustainable fisheries from the Indian Exclusive Economic Zone and the open sea. An action plan will be prepared for this. I would like all of you to brainstorm on ideas that promote Ease of Doing Business in this sector and start working on them as soon as possible. Along with this, we will also have to ensure the protection of the interests of our traditional fishermen.

    Friends, 

    Our government is committed to making the rural economy prosperous. Under the Pradhan Mantri Awas Yojana-Gramin, crores of poor people are being given houses, property owners have got ‘Record of Rights’ through the Swamitva Yojana. We have increased the economic strength of self-help groups and have increased help to them. Small farmers and businessmen have benefited from the Pradhan Mantri Gram Sadak Yojana. We have set a target of making 3 crore Lakhpati Didis. Due to our efforts, more than 1.25 crore sisters have become Lakhpati Didis. The announcement of rural prosperity and development programs in this budget has created the possibility of many new employment opportunities. Investment in skilling and technology is creating new opportunities. All of you must discuss these topics on how to make the ongoing schemes more effective. Your suggestions and contributions in this direction will definitely yield positive results. Only with the active participation of all of us, villages will be empowered, rural families will be empowered. And I am confident that this webinar will be truly about implementing the budget as soon as possible, in the shortest possible time, and in the best possible manner, and that too with the cooperation and suggestions of all of you. Now it should not happen that in this webinar there is a discussion about making a new budget. Now this budget has been made, now this scheme has come. Now our entire focus should be on action. What are the difficulties in action, what are the shortcomings, what kind of changes are needed, we must pay attention to that. Only then will this webinar be fruitful. Otherwise, if we discuss today the budget that is going to come after a year, then we will not get the benefit of what has happened now. And that is why I request all of you that with the budget that has come, we have to achieve the targets in a year, and in that, not the government alone, but all the stakeholders of this sector should move in one direction, with one opinion, with one goal. With this one expectation, I thank you very much to all of you.

     

    DISCLAIMER: This is the approximate translation of PM’s speech. Original speech was delivered

    MIL OSI Asia Pacific News

  • MIL-OSI Russia: With the support of Rosneft, a competition of reindeer herders’ skills was held in Yugra

    Translartion. Region: Russians Fedetion –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    Samotlorneftegaz, one of Rosneft’s key production assets, provided support for the jubilee 10th Reindeer Herders’ Mastery Competition for the Khanty-Mansiysk Autonomous Okrug – Yugra Governor’s Cup. The competition is timed to coincide with the 80th anniversary of the Great Victory.

    The large-scale event was attended by more than 1.5 thousand people. The competition among reindeer herding families in Yugra is included in the regional calendar of event tourism and is a large-scale celebration of the national culture and sports traditions of the Khanty and Mansi peoples. Participants competed in five all-around disciplines – harnessing reindeer, reindeer sled racing, transporting firewood on sleds, throwing a tynzyan (lasso) on a khorey (a pole for driving reindeer), and running on hunting skis. In addition, the skills of reindeer herding were assessed.

    The competition site recreated the authentic atmosphere of a camp of indigenous peoples of the North: tents were installed, a procession of festive reindeer teams was held. Guests saw an extensive musical and interactive program with performances by folk groups. Craft workshops, play areas, sports grounds were open, and northern delicacies were offered.

    Preservation of the national culture of the indigenous peoples of the North and their traditional way of life is one of the significant areas of Rosneft’s social policy. The Company’s enterprises implement many social projects in the regions of their operations, develop the infrastructure of northern villages, help reindeer herder families, improve the material and technical base of educational institutions, social and medical facilities in the areas of original residence of indigenous peoples.

    Reference:

    JSC Samotlorneftegaz, one of the key production enterprises of NK Rosneft, carries out production activities in the Nizhnevartovsk region of the Khanty-Mansiysk Autonomous Okrug – Yugra. It develops the largest Samotlor field in Russia, the industrial exploitation of which began in 1969. The total area of the enterprise’s licensed areas exceeds 2.9 thousand square kilometers.

    Under the agreement between Rosneft and the Government of Yugra, Samotlorneftegaz is implementing projects aimed at improving the quality of life of indigenous peoples of the North. Since 2020, the company has been supporting a unique program to equip national camps with modern information and communication technologies. Currently, the project covers about 3,650 people, which is 72% of the indigenous peoples of Yugra leading a traditional way of life.

    Department of Information and Advertising of PJSC NK Rosneft March 3, 2025

    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: Union Home Minister and Minister of Cooperation Shri Amit Shah says, the Modi government is unsparing in punishing drug traffickers who drag our youth into the dark abyss of addiction for the greed of money

    Source: Government of India

    Union Home Minister and Minister of Cooperation Shri Amit Shah says, the Modi government is unsparing in punishing drug traffickers who drag our youth into the dark abyss of addiction for the greed of money

    As a result of a foolproof investigation with a bottom-to-top and top-to-bottom strategy, 29 drug traffickers have been convicted by the court in 12 different cases across India

    Under the leadership of Prime Minister Shri Narendra Modi, the Government pledges to continue combating the drug menace with ruthless and meticulous investigations to build a drug-free Bharat

    In pursuit to Modi government’s Zero Tolerance policy against drugs, the Narcotics Control Bureau (NCB) has achieved this significant success

    Posted On: 02 MAR 2025 11:33AM by PIB Delhi

    Union Home Minister and Minister of Cooperation Shri Amit Shah said that the Modi Government is unsparing in punishing drug traffickers who drag our youth into the dark abyss of addiction for the greed of money.

    In a post on X platform, Shri Amit Shah said that under the leadership of Prime Minister Shri Narendra Modi, the Government pledges to continue combating the drug menace with ruthless and meticulous investigations to build a drug-free Bharat.

    Home Minister said that as a result of a foolproof investigation with a bottom-to-top and top-to-bottom strategy, 29 drug traffickers have been convicted by the court in 12 different cases across India.

    This success is a testament to the ‘Bottom to Top’ and ‘Top to Bottom’ approach adopted under the leadership of Prime Minister Shri Narendra Modi and the guidance of Union Home Minister Shri Amit Shah. In pursuit to Modi government’s Zero Tolerance policy against drugs, the Narcotics Control Bureau (NCB) has achieved this significant success.

    The details of 12 cases are:

    Ahmedabad Zone

    1.     On 27.07.2019, NCB Ahmedabad Zonal Unit seized 23.859 Kg of Charas at Sabarmati Railway Station, Ahmedabad Gujarat from the possession of Mohd. Rizwan and Mohd. Jishan and a case was registered vide NCB Ahmedabad Crime No 05/2019 and above mentioned two persons were arrested. During the course of investigation, one Sahidul Rehman was arrested. After completion of investigation, a complaint was filed against the above three persons under NDPS Act before the learned Judge at City Civil and Sessions Court Ahmedabad. After completion of trial of the case, the judgment was pronounced by the Court on 29.01.2025 and all the 03 accused persons were convicted for Rigorous Imprisonment for 14 years and a fine of Rs. 01 lakh each.

     

    Bhopal Zone (Mandsaur)

    2.     In July 2022, NCB Mandsaur, intercepted, a Harrier and a Verna on National Highway 43, at Dhruwar Toll Plaza in Shahdol, Madhya Pradesh and seized 123.080 kgs Ganja. Shivam Singh (owner of the seized vehicles), Sant Kumar Yadav, Balmukund Mishra & Uttam Singh (all carrier) were arrested in the case. The consignment was sourced from Koraput (Odisha) and was destined for Prayagraj, Uttar Pradesh. The Investigation team further arrested the receiver of contraband named Suresh Kumar Bind. On 24.02.2025, the Special NDPS Court, Shahdol convicted the four accused Shivam Singh, Sant Kumar Yadav, Balmukund Mishra & Uttam Singh and sentenced them to 12 years of rigorous imprisonment and a fine of Rs 2 lakh each.

    Chandigarh Zone

    3.     A parcel containing two hockey sticks packed with 438 grams of opium was intercepted at DHL Express, Ludhiana, by the officers of NCB Chandigarh. The parcel was booked by accused Nasib Singh, with Gobind Singh accompanying him during the booking. A case NCB Crime No. 06/2024 was registered, and a complaint was filed after investigation. The Special Court, Ludhiana on 31.01.25, has pronounced its verdict and convicted Nasib Singh and Gobind Singh (Head munshi Punjab Police) under Sections 18(c), 23, 28, and 29 of the NDPS Act, 1985, sentencing them accordingly for their role in attempting to transport opium to Canada. The Court sentenced both the convicts with 3 years rigorous imprisonment and a fine of ₹10,000 (in default, one additional month of imprisonment) under NDPS Act.

    4.     On 30.12.2021, NCB Chandigarh Zonal Unit intercepted Bhim Lama at Chandigarh Railway Station, before he could board Paschim Express to Mumbai in possession of 390 grams of Charas. The accused was formally arrested, and upon completion of the investigation, the case was presented before the Special Court. The accused voluntarily confessed to his guilt, leading to his conviction. On 08.01.2025, The Special Court, Chandigarh, convicted Bhim Lama under Section 20 of the NDPS Act, 1985 for possession of 390 grams of Charas. The court, considering the remorse shown by the convict and the non-commercial quantity of the contraband, awarded 6 months of rigorous imprisonment and a fine of ₹5,000 (one additional month of imprisonment in case of default on fine payment) under NDPS Act.

    Cochin Zone

    5.     On 19.06.2021 NCB Cochin intercepted a Zimbabwean lady named Sharon Chigwaza on her arrival at the Cochin International Airport. Sharon Chigwaza was travelling from Johannesburg to Kochi via Doha by Qatar Airways. Further examination of her checked-in luggage led to the recovery and seizure of 2.910kg Heroin. Accordingly, the said lady was arrested and a case OR No. 04/2021 was registered by the NCB Cochin Zonal Unit. On completion of investigation, a complaint bearing SC No. 554/2022 was filed before the District & Sessions Court, Ernakulam.  The trial was conducted before the VII Additional District & Sessions Court, Ernakulam and on completion of the trial, the Court has found Sharon Chigwaza to be guilty of the offences under Sec 8(c) read with 21(c) and 23(c) of NDPS Act, 1985 for possession and illegal import of the seized contraband. In the detailed judgment pronounced on 29.01.2025, the Court has punished the accused with 11 years rigorous imprisonment and fine of Rs.3,00,000/-.

    Dehradun Zone

    6.     On 05.01.2018, NCB Dehradun seized 450 grams of Charas, leading to the arrest of Naman Bansal. Further investigation in the case led to the arrest of one more co-accused person namely of Ashutosh Uniyal, a resident of Dehradun, on  19.02.2018. After completion of trial proceedings, the NDPS Court, Dehradun (UKD) convicted accused Naman Bansal with 01-year RI and with fine of Rs. 20,000/- on 18.01.2025.

    Delhi Zone

    7.     On 19.03,2021, NCB Delhi Zonal Unit seized 1.950 kg of Charas from the possession of two accused persons namely Sahi Ram and Satywan @ Pandit, and arrested them for trafficking of the seized substance. After a thorough investigation, a complaint was filed in the NDPS Court, Jind (Haryana) under NDPS Case No. 11/2021. The Court convicted both the accused to 10 years RI and with fine of Rs. 01 lakh each on 10.01.2025.

     

    Hyderabad Zone

    8.     On 24.02.2021, officers of NCB Hyderabad Zone seized 681.8 Kg Ganja at Pedda Amberpet Toll Plaza on Nehru Outer Ring Road, Hayathnagar Mandal, Ranga Reddy District. The contraband was being transported in three vehicles: Mahindra Bolero Pick-Up, Honda City, and Swift Dezire from Sileru, Visakhapatnam (Andhra Pradesh) to Pune and Osmanabad via Hyderabad. Eight accused namely Suresh Shyamrao Pawar, Vishal Ramesh Pawar,  Balaji Ramdas Ware,  Manoj Vilas Dhotre,  Dhyaneshwar Lalasaheb Deshmukh , Ramraje Chaturbhuj Gunjale ,  Akshay Anant Gandhi  and  Sachin Dagadu Sanap ,  were arrested and charged for drug trafficking. the Additional District & Sessions Court, Ranga Reddy, convicted all eight accused and sentenced them to 10 years of Rigorous Imprisonment and imposed a fine of ₹1 lakh under the NDPS Act, 1985.

    Indore Zone

    9.     In September 2021, NCB Indore intercepted a truck on National Highway 07 at Alonia Toll Plaza in Seoni, Madhya Pradesh and seized 152.665 kgs Ganja. Mahendra Singh Yadav & Sohail Daud Khan Pathan were arrested in the case. The consignment was sourced from Vishakhapatnam (Andhra Pradesh) and was destined for Jhansi, Uttar Pradesh.  Investigation team further arrested the receiver Suresh Gupta & Co-receiver as well as owner of seized truck Ram Babu Yadav. On 22.02.2025, the Special NDPS Court, Seoni convicted all the four accused and sentenced them to 15 years of rigorous imprisonment and a fine of Rs 1 lakh each.

    Kolkata Zone

    10.    On 11.07.2020, officers of NCB Kolkata Zone seized 1301 Kgs of Ganja from a TATA 709 Light Goods Vehicle (LGV) bearing Regn No. WB 15 A 3873 at NH12 between Plassey and Krishnanagar near Paglachandi, as per NCB Cr. No. 15/2020. Two accused namely Sahajan Tarafdar and Uttam Debnath were arrested and charged for drug trafficking. The trial continued for over 04 years. On 21.02.2025, the NDPS Spl. Court, Nadia at Krishnanagar convicted the accused Shajahan Tarafdar for 15 years rigorous imprisonment with Rs 1 lakh fine under the NDPS Act, 1985.

    Lucknow Zone

    11.    On 14.02.2022, NCB Lucknow seized 3.1 kilograms of Charas/Hashish from the possession of the accused, Dashrath, son of Devdutt, residing in Chiripur, PS Sirsiya, District Shrawasti, Uttar Pradesh. He was arrested and after investigation a Complaint was filed u/s 8, 20, and 29 of the NDPS Act, 1985. The Additional District Court Shravasti found the accused, Dashrath, ‘Guilty’ of illicit drug trafficking and sentenced him to 15 years of rigorous imprisonment along with a fine of 150,000 rupees on 02.01.2025.

    12.    On 04.01.2024, NCB Lucknow seized 08 kilograms of Opium from the possession of the accused, Dheeraj Kr. Dangi, son of Late Baijnath Dangi, residing in Villlage, Post, &  Police Station- Gidhour, District- Chatra, Jharkhand. He was arrested, and after investigation a Complaint was filed u/s 8, 18, and 29 of the NDPS Act, 1985. The Additional District Court Bareilly found the accused, Dheeraj Kr. Dangi, ‘Guilty’ of illicit drug trafficking and sentenced him to 11 years of rigorous imprisonment along with a fine of 1,00,000 rupees on 21.02.2025.

    These convictions exemplify the NCB’s dedication to ensure successful prosecution of its cases filed before courts. Under the guidance of Union Home Minister and Minister of Coordination, Shri Amit Shah NCB is working relentlessly to realise Prime Minister Shri Narendra Modi ji’s vision of Nasha Mukt Bharat by 2047. NCB seeks support of people in the fight against drugs. Information about drug trafficking can be provided confidentially at NCB’s MANAS Helpline Number 1933.

    *****

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    Read this release in: Hindi

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: 12th Regional 3R and Circular Economy Forum in the Asia & the Pacific kick starts in Jaipur

    Source: Government of India (2)

    12th Regional 3R and Circular Economy Forum in the Asia & the Pacific kick starts in Jaipur

    On the occasion Prime Minister Shri Narendra Modi emphasizes on Pro Planet People Approach (P-3 Approach)

    Union Minister Shri Manohar Lal announces Cities Coalition for Circularity(C-3), a digital platform for knowledge exchange for cities, technical institutions and tech providers

    Agreements worth ₹1,800 crores to be signed under CITIIS 2.0 benefiting 18 cities across 14 States for effective waste management

    Posted On: 03 MAR 2025 2:12PM by PIB Delhi

    The 12th Regional 3R and Circular Economy Forum in Asia and the Pacific was inaugurated today in Jaipur. The inaugural session was attended by Shri Manohar Lal, Union Minister of Housing & Urban Affairs, Shri Bhajanlal Sharma, Chief Minister, Rajasthan. Mr. Trevor Hedley Manemahaga, Minister of Solomon Islands, Mr. Maina Vakafua Talia, Minister of Tuvalu, Mr. Ahmed Nizam, Deputy Minister of Climate Change of Maldives joined the session.  Mr.  Asao Keiichiro, Minister of Environment, Govt. of Japan joined the session through a virtual message.

    Shri Prem Chand Agarwal, Minister of Urban Development, Govt. of Uttarakhand, Shri Vipul Goel, Minister of Urban Local Bodies, Govt. of Haryana, Shri Jhabbar Singh Kharra, Minister of Urban Development & Housing, Govt. of Rajasthan, Shri Kailash Vijayvargiya, Minister of Urban Development & Housing, Govt. of Madhya Pradesh also graced the occasion.

    Prime Minister Shri Narendra Modi’s Message

    On this occasion, Prime Minister Shri Narendra Modi shared a special written message with the delegates of the Forum emphasising that India follows & strongly advocates the P-3 (Pro Planet People) approach. He has also mentioned that India has always been more than willing to share it experiences and learnings in its journey towards Circular Economy.

    In his message, he highlighted the role of 3R and Circular Economy principles in ensuring sustainable urban development and resource efficiency. He highlighted India’s leadership in global sustainability efforts, including Mission LiFE (Lifestyle for Environment) and the Panchamrit Goals announced at COP26, reinforcing India’s commitment to a net-zero future.

     

    Union Minister’s Address

    Inaugurating the event, Union Minister for Housing and Urban Affairs, Shri Manohar Lal, welcomed dignitaries, industry leaders, and international representatives. He expressed pride in India hosting the 12th edition of the forum, after the successful 8th forum in Indore. The Minister highlighted Jaipur as an ideal venue due to its deep-rooted traditions in sustainability, such as rainwater harvesting and handicrafts made from recycled materials. He thanked Hon’ble CM of Rajasthan Shri Bhajanlal Sharma for his leadership in making sustainability key pillar in the State’s development.

    Launch of Cities Coalition for Circularity (C-3)

    Taking forward PM Modi’s vision, Shri Manohar Lal announced the Cities Coalition for Circularity (C-3), a multi-nation alliance for city-to-city collaboration, knowledge-sharing, and private sector partnerships. He stated, “We propose that a working group of member nations be formed after this forum to finalize the coalition’s structure and operational framework.” This  is expected to be a game changer in the city- city partnerships across nations. Shri Manohar Lal reaffirmed that this forum will act as a catalyst for resource efficiency and a low-carbon economy, strengthening collaboration between policymakers, industry leaders, and researchers to build a sustainable future.

    During the inaugural address the Minister said “Circular Economy is not just an environmental responsibility but an economic necessity”. He pointed out that India has always practiced sustainable living, but industrialization led to an increase in waste and resource inefficiency. “Now is the time to modernize and integrate these traditional sustainable practices with technological advancements,” he said.

    Shri Manohar Lal emphasized that under the leadership of Hon’ble Prime Minister Shri Narendra Modi, India is championing Circular Economy on the global stage. He highlighted key government initiatives such as:

    ✔ Mission LiFE (Lifestyle for Environment)

    ✔ Panchamrit Goals at COP26, committing India to net-zero emissions by 2070

    ✔ Swachh Bharat Mission & AMRUT 2.0, tackling urban waste and wastewater recycling

    The Minister also spoke about India’s focus on Bio-CNG, plastic waste management, and e-waste recycling, reaffirming the government’s resolve to create a low-carbon, resource-efficient society.

    Jaipur Declaration (2025-2034)

    Shri Manohar Lal announced that the forum will adopt the Jaipur Declaration (2025-2034), a non-political, non-binding commitment that will guide the next decade of efforts towards resource efficiency and sustainable urban growth.

    3R India Pavilion – Showcasing Innovation

    Shri Manohar Lal, along with Hon’ble Chief Minister Shri Bhajanlal Sharma, inaugurated the 3R India Pavilion. The pavilion features the International 3R Trade and Technology Exhibition, showcasing over 40 Indian and Japanese businesses and start-ups working on waste management and Circular Economy solutions.

    Chief Minister’s Remarks

    Hon’ble Chief Minister of Rajasthan, Shri Bhajanlal Sharma, mentioned that  circular economy is not just a necessity for today but also for our future. He said that issues like climate change, biodiversity loss, and pollution are creating challenge for the planet Earth and Circular Economy is the most effective way to cope with these challenges.

    He said that it is a system where waste is reused & recycled causing reduced energy consumption and renewable energy is promoted.

    Highlighting the steps taken by Rajasthan Government Chief Minister said that the Rajasthan government is playing a leading role in this mission. An Environmental Management Cell (EMC) has been established so that waste management and recycling can be done more effectively.

    Inauguration of the 3R India Pavilion

    As part of the forum, the 3R India Pavilion was jointly inaugurated by Union Minister Shri Manohar Lal and Chief Minister Shri Bhajanlal Sharma. The pavilion features the International 3R Trade and Technology Exhibition, showcasing innovative waste management and circular economy solutions from over 40 Indian and Japanese businesses and start-ups. The exhibition serves as a platform for industry leaders to explore cutting-edge technologies in resource efficiency and recycling.

     

    Signing of MoU for City Investments to Innovate Integrate and Sustain (CITIIS) 2.0

    During the event, a key Memorandum of Understanding (MoU) for CITIIS 2.0 was signed, marking a significant milestone in urban sustainability initiatives. The Minister also spoke about CITIIS 2.0, a flagship initiative driving integrated waste management and climate action. He announced that agreements worth ₹1,800 crores will be signed under this initiative, benefiting 18 cities across 14 states, and serving as lighthouse projects for other urban areas.

    The 12th Regional 3R and Circular Economy Forum will continue over the next few days, featuring expert discussions, policy dialogues, and collaborative initiatives to shape the future of sustainable urban development.

    ****

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: National duty of every citizen to contribute to the welfare of soldiers & their families: Raksha Mantri at CSR Conclave

    Source: Government of India (2)

    Posted On: 03 MAR 2025 2:09PM by PIB Delhi

    Raksha Mantri Shri Rajnath Singh has called upon the people to contribute whole-heartedly to the welfare of the soldiers and their families, terming it as the national duty of every citizen. Addressing the Armed Forces Flag Day Corporate Social Responsibility (AFFD CSR) Conclave in New Delhi on March 03, 2025, he stated that India’s soldiers always stand firm, vigilant and ready at the borders in difficult conditions to protect the country from all kinds of threats with courage & promptness.

    While the Government is committed to strengthening India’s security apparatus and ensuring the welfare of its soldiers & their families, it is the nation’s collective responsibility to come forward and support them in every way possible, he said.

    Shri Rajnath Singh asserted that CSR is not about 2% contribution, it is a matter of heart-to-heart connection with the brave soldiers and their dependants. “Whatever contribution you make, it will not be ordinary. You should take full care that tomorrow, when your real balance sheet is ready, it has more assets of satisfaction and happiness than liabilities,” he told the top corporate heads present on the occasion.           

    Raksha Mantri reiterated Prime Minister Shri Narendra Modi-led Government’s commitment to enhance the participation of the private sector, stating that the goal of Aatmanirbhar and Viksit Bharat can be achieved through the concerted efforts of all stakeholders. He exuded confidence that with the growing private sector participation, India will find a place among the top-three economies of the world by 2027. He commended the corporate houses for their generous contributions towards AFFD Fund and felicitated top CSR donors on the occasion.

    The Department of Ex-Servicemen Welfare, Ministry of Defence has been working for the welfare and rehabilitation of war widows, wards of fallen soldiers and ex-servicemen, including disabled ones by providing financial assistance for their identified personal needs such as penury grant, children’s education grant, funeral grant, medical grant and orphan/disabled children grant.

    Contributions the AFFD Fund can be made through cheque/DD/NEFT/RTGS drawn in the following bank accounts:

    S No

    Bank Name & Address

    Account Number

    IFSC Code

    1.

    Punjab National Bank

     

    Sewa Bhawan, RK Puram

     

    New Delhi-110066

    3083000100179875

    PUNB0308300

    2.

    State Bank of India

     

    RK Puram

     

    New Delhi-110066

    34420400623

    SBIN0001076

    3.

    ICICI Bank

     

    IDA House, Sector-4, RK Puram

     

    New Delhi-110022

    182401001380

    ICIC0001824

     

    Payment can also be made through the QR Code given below:

     

    Raksha Rajya Mantri Shri Sanjay Seth, Chief of the Air Staff Air Chief Marshal AP Singh, Secretary (Ex-Servicemen Welfare) Dr Niten Chandra, other senior officials of MoD, members from the CSR fraternity and serving & retired personnel of the Armed Forces attended the conclave.

    ***

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  • MIL-OSI Asia-Pac: Raksha Mantri meets Princess Astrid of Belgium & Defence Minister in New Delhi

    Source: Government of India (2)

    Raksha Mantri meets Princess Astrid of Belgium & Defence Minister in New Delhi

    Discusses the possibility of defence engagements in Indo-Pacific

    Posted On: 03 MAR 2025 2:01PM by PIB Delhi

    Raksha Mantri Shri Rajnath Singh held a meeting with Princess Astrid of Belgium and the Defence Minister Mr Theo Francken in New Delhi on March 03, 2025. Both sides discussed the possibility of defence engagements in the Indo-Pacific, particularly in maritime domain. They also discussed ways and means to enhance defence industrial cooperation between the two countries. 

    Raksha Mantri welcomed Belgian investments in the defence sector. He suggested that the Belgian companies could play an important role by expanding their footprint in India and integrating the Indian vendors in their supply chains. Further, both countries agreed to explore an institutionalised defence cooperation mechanism.

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    VK/SR/Savvy

    (Release ID: 2107706) Visitor Counter : 61

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Taxi fleets to commence service gradually and mark important milestone in taxi trade’s development

    Source: Hong Kong Government special administrative region

    Taxi fleets to commence service gradually and mark important milestone in taxi trade’s development
    Taxi fleets to commence service gradually and mark important milestone in taxi trade’s development
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         The Government today (March 3) announced that the five selected taxi fleet operators will soon commence service gradually, marking an important step to enhance taxi service quality and reform the taxi trade.     The Secretary for Transport and Logistics, Ms Mable Chan, accompanied by the Under Secretary for Transport and Logistics, Mr Liu Chun-san, and the Commissioner for Transport, Ms Angela Lee, attended the Taxi Fleet Launching Ceremony at the Transport Department (TD) Vehicle Examination Complex this morning. Other officiating guests were Legislative Council (LegCo) Member (Transport) Mr Frankie Yick; LegCo Member Dr Chan Han-pan; the Chairman of the LegCo Panel on Transport, Mr Chan Siu-hung; and the Deputy Chairman of the LegCo Panel on Transport, Mr Yiu Pak-leung.     Addressing the Launching Ceremony, Ms Chan said that the Taxi Fleet Launching Ceremony marked an important milestone of the taxi trade’s development in Hong Kong. The Government introduced a series of measures to enhance taxi services in the past two years, and the introduction of a new taxi fleet regime was one of the key initiatives. Under the TD’s regulatory regime, operators form fleets with professional management and good use of technologies to provide quality service for passengers, bringing a new look to the taxi trade.     She said that, following years of development and challenges, the taxi trade in Hong Kong can only make continuous improvement in the taxi service level to meet the expectations of the public and tourists by keeping up with the times with proactive and innovative reforms. She said she looks forward to the taxi fleets playing a leading role, injecting new impetus into the taxi trade and providing more quality services.     At the Launching Ceremony, representatives of the five selected operators (in alphabetical order of company name), namely Big Boss Taxi Company Limited, CMG Fleet Management Limited, Sino Development (International) Company Limited, SynCab Service Limited and Tai Wo Management Limited, introduced the features and highlights of their fleets respectively, including the vehicle models to be deployed, their body designs and logos, compartment facilities and safety devices.     The selected operators comprise three urban fleets and two mixed fleets, with a size ranging from 300 to 1 000 taxis each, providing a total of over 3 500 taxis, which account for nearly 20 per cent of the total number of taxis in Hong Kong. The selected operators will deploy about 1 500 new vehicles as fleet taxis at the time of service commencement. They will provide electric taxis, wheelchair-accessible taxis and premium taxis for passengers to promote green transport and cater for the diverse travel needs of individuals.     To ensure service quality, all fleets must provide online hailing services, customer service hotlines and different electronic communication channels for passengers to select appropriate vehicle types based on their needs, and rate driver services. In addition, all fleet taxis will provide multiple electronic payment means, while safety devices and driver monitoring systems will be equipped for passengers’ convenience and driving safety. For passengers’ easy identification, all fleet taxis are required to display a fleet taxi certificate and a fleet taxi plate.     The TD issued conditional grants of the Taxi Fleet Licence to five selected operators in end-July 2024, and they are required to complete the gearing-up work and commence service within one year. The first fleet is expected to start service by end-March 2025 the earliest. The TD will monitor the fleet’s operations and continue to actively promote the remaining fleets to commence operations as soon as possible.

     
    Ends/Monday, March 3, 2025Issued at HKT 15:11

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  • MIL-OSI Asia-Pac: Hongkong Post to issue “2025 Hong Kong Definitive Stamps” (with photos)

    Source: Hong Kong Government special administrative region

         â€‹Hongkong Post announced today (March 3) that a new set of “2025 Hong Kong Definitive Stamps” and associated philatelic products on the theme of Hong Kong landmarks will be released for sale on March 18 (Tuesday).
          
         The “2025 Hong Kong Definitive Stamps” is the fifth set of definitive stamps issued by Hongkong Post since the establishment of the Hong Kong Special Administrative Region of the People’s Republic of China. This set of definitive stamps introduces famous landmarks in Hong Kong through a set of 16 stamps. The landmarks include the Hong Kong Palace Museum, the International Finance Centre, the Hong Kong-Zhuhai-Macao Bridge, Lai Chi Wo, etc, demonstrating the uniqueness and charm of Hong Kong as an international financial hub and an East-meets-West centre for international cultural exchanges. The stamps showcase the stunning landscapes of Hong Kong and depict the city’s important infrastructure developments and conservation achievements. The definitive stamps are available in a full range of denominations, providing the public with convenience in combining the stamps for daily use when posting mail items.
          
         In parallel, the “2014 Hong Kong Definitive Stamps” on the theme of the Hong Kong Global Geopark of China will continue to be on sale while stocks last. A special souvenir pack will be released to commemorate the concurrent sale of two sets of Hong Kong definitive stamps.
          
         Official first day covers for “2025 Hong Kong Definitive Stamps” will be on sale at all post offices and Hongkong Post’s online shopping mall ShopThruPost (shopthrupost.hongkongpost.hk) from tomorrow (March 4), while postcards will be available at philatelic offices only. This set of definitive stamps and associated philatelic products will be on sale at all post offices and ShopThruPost from March 18, while serviced first day covers affixed with the definitive stamps, souvenir packs and maximum cards will be available at philatelic offices only. Stamp booklets will be on sale at all post offices (except mobile post offices) from March 18 to 24, and available at convenience stores and other non-post office outlets from March 24.
          
         A hand-back date-stamping service will be provided on March 18 at all post offices for official first day covers/souvenir covers/privately made covers bearing the first day of issue indication and a local address.
          
         In addition, to bring new excitement and enhance the commemoration, Hongkong Post will launch the “2025 Hong Kong Definitive Stamps” cachets which consist of 16 designs concurrently on the issue date of March 18 of the new definitive stamps. The full set of cachets will be set up at four post offices, namely the General Post Office, the Sha Tin Central Post Office, the Tsim Sha Tsui Post Office and the Tsuen Wan Post Office, as well as in the Postal Gallery at the Hongkong Post Building. In addition, six of these cachets will be available in the five designated post offices, with details in the Appendix.

         Information about this set of definitive stamps, associated philatelic products and cachets is available on the Hongkong Post Stamps website (stamps.hongkongpost.hk).                           

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Fraudulent websites, internet banking login screens and social media accounts related to Nanyang Commercial Bank, Limited

    Source: Hong Kong Government special administrative region

    Fraudulent websites, internet banking login screens and social media accounts related to Nanyang Commercial Bank, Limited
    Fraudulent websites, internet banking login screens and social media accounts related to Nanyang Commercial Bank, Limited
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    The following is issued on behalf of the Hong Kong Monetary Authority:     The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Nanyang Commercial Bank, Limited relating to fraudulent websites, internet banking login screens and social media accounts, which have been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.           The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).           Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the websites, login screens and social media accounts concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.

     
    Ends/Monday, March 3, 2025Issued at HKT 14:35

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  • MIL-OSI Asia-Pac: Hong Kong to host Green Week in September

    Source: Hong Kong Government special administrative region

    Hong Kong to host Green Week in September
    Hong Kong to host Green Week in September
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    The following is issued on behalf of the Hong Kong Monetary Authority:     Hong Kong will host the second Hong Kong Green Week from September 8 to 12.           The theme of this year is “Forging a Sustainable Future Together”. The week-long event will cover a wide array of sustainability-related topics, providing stakeholders from various regions and sectors with a platform for dialogue and collaboration.           During the week, the Hong Kong Monetary Authority (HKMA) and the International Finance Corporation will co-host the anchor event, Climate Business Forum: Asia Pacific 2025. The Forum will bring together speakers at the forefront of sustainable business and finance for a deep dive into the region’s transition to low-carbon, resilient and inclusive growth. The HKMA will also co-ordinate other events such as conferences, roundtables, workshops and networking events hosted by international organisations, financial institutions, corporates, industry associations, academic institutions and others.  Event details will be announced in due course.

     
    Ends/Monday, March 3, 2025Issued at HKT 14:00

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: MOIL achieves best ever February production

    Source: Government of India (2)

    MOIL achieves best ever February production

    April-Feb sales increases by 3% over CPLY

    Posted On: 03 MAR 2025 10:21AM by PIB Delhi

    Maintaining its strong growth trajectory, MOIL has delivered its best-ever February performance in 2025 in terms of:

    • Best ever February production of 1.53 lakh tonnes Manganese (Mn) ore.
    • Best ever February exploratory core drilling of 11,455 meters, scaling an impressive growth of 43% over CPLY.

     

    During April-February, 2025 period also, MOIL has registered the following notable achievements:

     

    • Sales of 14.32 lakh tonnes, higher by 3% over CPLY.
    • Exploratory core drilling of 94,894 meters , which is higher by 20% over CPLY.

     

    Shri Ajit Kumar Saxena, CMD, appreciated team MOIL for their sustained efforts, which have led to this outstanding achievement. He expressed confidence that the company will embark on a higher growth trajectory in the coming year.

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    TPJ/NJ

    (Release ID: 2107637) Visitor Counter : 46

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  • MIL-OSI Asia-Pac: 15th National Games Triathlon test event successfully concludes

    Source: Hong Kong Government special administrative region

    15th National Games Triathlon test event successfully concludes
    15th National Games Triathlon test event successfully concludes
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         The National Games Coordination Office (Hong Kong) (NGCO) said today (March 2) that the 15th National Games (NG) Triathlon test event staged at the Central Harbourfront and Victoria Harbour on March 1 and 2 concluded successfully.      A total of around 110 athletes from the Mainland, Macao, and Hong Kong participated in the two-day test event. Among them, 10 athletes (six males and four females), were from Hong Kong. The starting point of the races was located at the waterfront of the Wan Chai Temporary Promenade, while the finish line was set at the Central Harbourfront Event Space. The women’s individual and the men’s individual events were held on the first day and the winners were Ms Yang Yifan and Mr Zhang Xirui from Shandong triathlon team respectively. As for the first-ever mixed relay event in Hong Kong, Shandong team won the gold medal, while Liaoning team took the silver and Hong Kong team claimed the bronze.      The Head of the NGCO, Mr Yeung Tak-keung, said the race route this time has several characteristics, including that the end point was set at the Central Harbourfront Event Space for the first time while there were two transition areas, with one near the swimming area (swim-to-cycling transition) and another one at the Central Harbourfront Event Space (cycling-to-run transition); the athletes ran through a number of Hong Kong landmarks during the races, such as the Hong Kong Convention and Exhibition Centre, the Central Government Offices, the Legislative Council Complex, and the Hong Kong Observation Wheel; the cycling route was between Golden Bauhinia Square in Wan Chai and International Finance Centre in Central, with the backdrop of business district in Central and stunning scenery of Hong Kong’s Victoria Harbour; the cycling route passing through the Central Harbourfront Event Space raised the difficulty and made the event more enjoyable; and a spectator stand with seats was arranged at the Central Harbourfront Event Space to let audiences have a close sight of the races and witness the moments of crossing the line.      The test event was organised by the NGCO under the Culture, Sports and Tourism Bureau and co-organised by the Triathlon Association of Hong Kong China, with the China Triathlon Sports Association as an advisor. The test event covered a wide range of aspects, including operation and procedures of events, organisation of races, venue setup, information systems, security, medical services, accommodation, hospitality, food and beverage, transportation arrangements and contingency plans.      Mr Yeung said the NGCO will review the event procedures and other details with various related organisations and government departments after the test event, with a view to better preparing for the official events to be held at the end of this year.      For information on the 15th NG, the 12th National Games for Persons with Disabilities and the 9th National Special Olympic Games in Hong Kong, please visit the thematic website (www.2025nationalgames.gov.hk/en/index.html), as well as the Facebook page (www.facebook.com/2025nationalgames.hk) and Instagram page (www.instagram.com/2025nationalgames.hk).

     
    Ends/Sunday, March 2, 2025Issued at HKT 21:10

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  • MIL-OSI Asia-Pac: Text of the Vice-President’s address at IIT Hyderabad (Excerpts)

    Source: Government of India

    Posted On: 02 MAR 2025 6:30PM by PIB Delhi

    Very good afternoon all of you and I had the occasion to say it yesterday, there are no backbenchers in IITs, there are only backbenches. Am I right? Shri Jishnu Dev Verma, Honourable Governor Telangana, Honourable Member of Parliament, Shri M. Raghunandan Rao, Chairman, Board of Governors, IIT Hyderabad, Dr. B. V. R. Mohan Reddy, a man highly acclaimed, highly accoladed and I shared his thoughts with you, mincing no words.

    When IIT Board of Governors is fully involved, things are in a different groove. Professor B. S. Murthy, Director IIT Hyderabad, watch out for him. He is not as he appears, a tough guy. He means business and he means two other things apart from business. Number two is business, Number three, is business. Brevity is the soul of wit, the soul of demonstration of it in his discourse. Every word was amplified, a thought process with which you all are involved. He indicated, we don’t only create ideas, we ideate, we innovate, we accomplish. When you monetise every second, every moment, you do justice not only to yourself but to humanity.

    But you are greatly privileged when you happen to be in Bharat, home to one-sixth of humanity. We are privileged today to have presence of Honourable members of Parliament. Shri Vaddiraju Ravichandra, Shri S. S. Babu, I’ll face them in Rajya Sabha from my chair. You must have seen Rajya Sabha proceedings. They are good cholesterol. Soothing and make positive contributions. It was a great loss to the chairman of Rajya Sabha when Shri Vijay Sai Reddy ji, a very distinguished parliamentarian, ceased to be its member. I wish him great luck.

    The director focused and so did the chairman of the board of governors. An Institution is defined by the infrastructure, but that is easily creatable. That is essential, but not the cutting edge. It is our 300 squad of faculty members with greater recognition who are giving everything to make you future leaders. And let me tell you, there can be no greater honour at the moment than a global benchmark to get such quality education as your Institute.

    Amongst the IITs, in terms of time, you may not have been in the beginning, but by your achievements, by your accomplishments, you have reached that group. My congratulations to the entire faculty. The director must settle me, finding I have a political background of having been in parliament in 1989 when I ministered there, and also taking a vote without spilling out my role as Governor of the state of West Bengal. It reminded me I have to focus on innovation.

    Innovation, boys and girls, is a panacea for what we need and what kills us. It is a one-stop solution to bring about progress, sustainable development, and solve our problems. When it comes to Bharat, a land of homogeneous, demonstrated to the world for over 5,000 years, an Indian mind has a DNA which speaks of genius.

    Let me buttress it by one illustration. We are a nation of 1.4 billion people and we are well spread out. The landscape, rural, semi-urban, urban, metro, and top metros. But when it came to technological penetration and digitisation, just imagine, accessibility of technology and adaptability of those in the villages. Amazing performance, giving us global recognition. If our people-centric policies, if service delivery is so efficient, it is on account of adaptability to technology of our brothers and sisters in the villages. I am son of a farmer.

    Imagine the kind of pride I have. Three times a year, about 100 million farmers get a direct amount in their bank accounts. The government or the system is not important. It is an achievement, but the farmers are equipped on their own to receive it. Now if you go to the base of it, this would not have been possible unless the Prime Minister of the country entertained the grandiose idea that they must have access to banking system.

    And in the shortest space, when it comes to time assessment, over 500 million people have got banking vision. Second, the malice of nepotism, and that is highly unacceptable to our young people, because if patronage is password for an employment or opportunity, you will have a deep frustration.

    And there was a time, not long ago, when power corridors were infested with corrupt elements. Decision-making was leveraged extraordinarily. Patronage was a password for success. There was in that country a privileged pedigree. They entertained the idea that we are above law. We are beyond the reach of law. Nothing could be more frustrating toyoung minds. I faced it during my time.

    Imagine my pain, admitted to an IIT, had no money, couldn’t go. Imagine my pain, as an advocate, had to work very hard to get a loan of 6000 rupees for my digestion. Vividly I had before me the manager who said, I can give you without paying guarantee because I find you are a good lawyer, and look at the transformative change you are witnessing. Start-ups, unicorns emanating from tier 2 cities.

    You are, and you try, Gen Z and Generation Next and those who are before me. You are the most vital stakeholders in democracy, in progress of this nation. Right now, if you have to see where we are heading, then we have to find the ecosystem. A nation’s state is fundamental because if the nation is let say at war, things go horizontally. So nation’s state is important. So is the national movement. Also its growth trajectory, the destination it has for itself, its ecosystem.

    And when we examine these things, reality check, our nation is in a top global group. World technological leaders, when it comes to finer aspects of development like Quantum computing or Green Hydrogen mission or commercialisation of 6G, areas which will appeal you not to ordinary youth, but we are in the big league of nations.

    Artificial intelligence is bringing about paradigm shift every moment. It is introduction of an era, a new kind of industrial revolution with greater potential, challenges and opportunities. This has a big basket of opportunities for boys and girls. Let me remind you one aspect. I had the occasion to face terrible panks of pain in 1990.

    I was a Minister and our gold had to be shipped out by air to be placed to two banks in Switzerland to sustain our fiscal credibility because our foreign exchange could not last even for a few weeks, not to speak of months.

    It was in doldrums, dangerously moving around 1 billion US dollars. This is not a concern to us at all at the moment. We are 700 billion, but concern to you is we are having trade deficit with a neighbouring country to the extent of 90 billion US dollars, and if I go by the figures recently released, the input is 17% year on year and the output is only 11%. Solution to that has to be found by you.

    You will have to focus and only you can do it. I do agree that young minds like you have capacity to bring about big transformative change. But then you need some support. And one support is I seek to steer your minds, minds of the parliamentarians, minds of industry leaders, your chairman represents that group. Academia, your director represents it.

    Economic nationalism. Much of the trade deficit that is draining out our foreign exchange to the tune of hundreds of billions. If one country is around 90 billion US dollars, you can imagine when we cumulatively assess it.

    Why should this country import what is available? Number two, if it is avoidable, can’t our genius find a solution by way of substitution? and three, our raw materials leave our shores, pronouncing on our inability to add value to the raw material. In the process, we deprive our people of work on both accounts, avoidable imports and export of raw material. The blunt entrepreneurship, this mindset has to dominate us.

    The role of the people is crucial, but then the greater role is of those in industry, commerce, business and trade. Can’t they sit on one table through their associations and take a call? That, I would urge, should be taken.

    While I was examining your motto and logo, both are critical, and I am happy by what I have gathered on my own and what has been asserted by the director and chairman. Motto: Inventing and innovating in Technology for Humanity.

    Logo: Expansion and Growth of Knowledge, and this is drawn from Telugu. Let me reflect on some changes that are worrisomely alarming, concerning. India is a land of rich languages.

    Sanskrit, Bangla, Hindi, Tamil, Telugu, Kannada, several languages. Even in Parliament, simultaneous translation takes place in 22 languages. Our civilisational ethos tells us inclusivity. Should there be confrontational stance on language in land of Bharat?

    What a moment of pride for everyone when languages were put in the classical language status recently. We have to nurture every language. Our languages have global outreach. They are gold mine of literature, and the literary pieces have knowledge and wisdom. Vedas, Puranas, our epics, Ramayana, Mahabharata, Gita.

    And therefore I call upon youth of the country, Social media has given you the power to take a call. If there is deviation from our commitment to nationalism, if there is assessment of development through partisan prism, we need to be watchdogs.

    Use the power to blunt the narratives that emanate from forces that are financially fuelled only to injure Bharat. Because you are at the moment living in times that indicate hope and possibility. Your basket is limitless.

    Look at sea surface, deep sea, ground, underground, sky or space. Your opportunities and challenges are there. Mid-blue economy or space economy.

    Let me pose a question to you. If the International Monetary Fund has asserted that India, Bharat at the moment is a hotspot, a global centre, most attractive one for investment and opportunity, is it for government jobs? Certainly not. Therefore, that opportunity is for you also.

    Investment, these days I can tell you with my exposure in governance, is not a problem at all. You would have seen in start-ups investment, apart from the governmental affirmative policies, innovative framework, top business leaders investing in start-ups. The hierarchical succession mechanism in industrial business has collapsed.

    Tech tycoons are emerging. There was a time when we could not see a single Indian soul working in global top corporates at any level, and now boys and girls, there is not a single global corporate of consequence where an Indian genius is not contributing at the top level.

    When that is the scenario, you have to make a difference. You have to catalyse the change which you think is best for the nation. And I would say, don’t just catalyse, be the epicentre of change.

    Another centre of change, never ever keep a brilliant idea in your mind. Your mind is not a parking space. What a parking place.

    You do greatest injustice to you and to humanity that an idea has occurred to you and you fear experimentation. You fear failure. Boys and girls’ fear of failure is a myth.

    Chandrayaan 2,I was governor of the state of West Bengal. It was September, I think, 2019. I think 2019, and I was in the company of about 500 school-going children, young boys and girls. Chandrayaan 2 landed close but could not touch the lunar surface. For some who are recipe for chaos, some would define nothing but negativity. For some who see nothing but only taint in your white cloth, they said, failure, so much money, but if you examine success of Chandrayaan 3, was rooted in the foundation laid by Chandrayaan 2, you all will realise first attempt success has eluded most great innovations.

    Let me focus on reality of research and innovation. First our corporates. I am not critical of them, I am critique. They must invest in research. They must invest in research for development and innovation. They must compete with global giants, because this investment is not for the beneficiary student, boy or girl of your Institute or other Institutes.

    It is for benefit of our present, our future. And trust me, we have had a big change in our strategic system globally. Conventional war system has collapsed. It is diplomacy that defines. Innovation and research give us great cutting edge in soft diplomacy. We become a great power. Therefore I appeal from this podium. Corporates, examine what your peers are doing in the West. Please come closer to them.

    Second, look at global Universities. Their endowment funds in billions of US dollars. I had the occasion to glance. Oh my god, crossing in 50 billion US dollars. If you see the top list, why don’t we have it? I hope, Governor of the board, we started in 2008.

    We have Alumni. Let our alumni plow in the corpus. Amount doesn’t matter. It is the spirit of contribution that will generate a connect with the Institute.

    A pride for them also. I have mooted an idea. I hope someone takes it.

    We have institutes of excellence, IITs, IIMs and other institutes. Their aluminium associations must form into a confederation of associations of aluminium. It will be a top world benchmark think tank for policy making.

    It can spur research and innovation. All I am indicating is that these thoughts which I have shared are only indicative, because you are discerning minds, you can on your own work about it.

    If a man like me, who had such a successful career, I can say so, now I am not a senior advocate anymore, to be designated senior in less than 10 and a half years of my practise. No one has done it. I still feel the void of not getting admission to IIT. You are there. I still have the void.

    The position of the Governor or Vice-President does not compensate it. And therefore, I am your Eklavya. I am trying to persuade you.

    I would conclude, I invite in batches students of the IIT and the faculty to be my guests for a visit to Indian parliament, and I would have the occasion and I would gather some people who need to be educated. No pun intended.

    We will have luncheon, brainstorming sessions. I will depute an Officer from my secretariat to be in touch with the Registrar, and this will be done before I take off in my helicopter. I hope you will respond to me. I go with a deep sense of satisfaction, optimism and confidence.

    Though I have not been able to share my thoughts in completeness, but I know, I may have sent or short changed you. But you have received what I mean to convey.

    Thank you so much for your time.

     ***

    JK/RC/SM

    (Release ID: 2107587) Visitor Counter : 34

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  • MIL-OSI Asia-Pac: Modi Govt. promoting and acknowledging Grassroots Innovators for the First Time in India: Union Minister Dr. Jitendra Singh

    Source: Government of India

    Modi Govt. promoting and acknowledging Grassroots Innovators for the First Time in India: Union Minister Dr. Jitendra Singh

    Unsung Heroes Get Their Due Recognition as Padma Awards Become the ‘People’s Padma’ Under PM Modi’s Vision

    Emphasized Prime Minister Modi’s commitment to ‘Virasat Bhi aur Vikas Bhi,’ integrating India’s exclusive traditional knowledge with cutting-edge technology.

    Stressed that innovations originating in remote villages will be scaled up, ensuring equal opportunities and resources as available in urban areas.

    Breaking Barriers: Private Participation highlights Dr. Singh

    Posted On: 02 MAR 2025 6:27PM by PIB Delhi

    NEW DELHI, March 2: The Modi government is promoting and acknowledging grassroots innovators for the first time in India, said Union Minister Dr. Jitendra Singh.

    Addressing the Silver Jubilee celebration of the National Innovation Foundation (NIF) an autonomous institute under Department of Science and Technology, Government of India. of India via virtual mode, Dr. Jitendra Singh emphasized Prime Minister Modi’s commitment to ‘Virasat Bhi aur Vikas Bhi,’ integrating India’s exclusive traditional knowledge with cutting-edge technology. Dr. Jitendra Singh also released a postal stamp, followed by a Magazine titled ‘Innovation frontline’ and a coffee table book.

    Highlighting the critical role of rural innovation in India’s economy, Union Minister of State (Independent Charge) for Science and Technology, Minister of State (Independent Charge) for Earth Sciences, Minister of State in the Prime Minister’s Office, Department of Atomic Energy, Department of Space, and Personnel, Public Grievances, and Pensions, Dr. Jitendra Singh stressed that innovations originating in remote villages will be scaled up, ensuring equal opportunities and resources as available in urban areas.

    He applauded India’s transformation from the ‘Fragile Five’ to the ‘First Five’ and its soon-to-be fourth place in the global economy. He called for a scientific approach to harnessing underexplored sectors, including those in the rural areas, that were neglected under previous regimes.

    Dr. Jitendra Singh also recalled PM Modi’s clarion call to celebrate National Science Day with a festive fervour, as mentioned in last week’s ‘Mann Ki Baat’ program. He described it as unprecedented for a Prime Minister to extend such patronage to science and technology.

    Expressing his delight after speaking to the Padma Awardees who fostered innovation, Dr. Jitendra Singh questioned the long delay in recognizing these unsung heroes, many of whom began their work as early as the 1990s. He credited PM Modi for transforming the Padma Awards into ‘People’s Padma’ in the truest sense.

    The Minister highlighted the Micro Venture Innovation Fund (MVIF)—a pioneering initiative by NIF with SIDBI that has provided necessary risk capital to 238 innovation-based enterprise projects. Calling it a novel initiative, he debunked the myth that only elite scientists with fancy degrees can drive innovation and startups. He cited the success of the Lavender Revolution, backed by CSIR-IIIM Jammu, and the Floriculture Revolution, driven by CSIR-IHBT Palampur.

    ‘India’s Techade’ Vision: Affordable and Globally Appealing Technology, Dr. Singh reiterated that India’s technology is inherently affordable and cost-effective, making it globally appealing. Celebrating NIF’s 25-year journey, he announced that 713 patents have been granted in India and 5 in the USA, underscoring NIF’s role in fostering grassroots innovations. He also highlighted that NIF was one of the early institutions in India to host a Technology Business Incubator (TBI), now known as NIF Incubation and Entrepreneurship Council (NIFientreC). Over 25 grassroots startups and several hundred enterprises, some with ₹10+ crore annual turnover, are thriving under its support, creating rural employment opportunities.

    The S&T Minister emphasized that under PM Modi’s visionary leadership, India has unlocked the space sector for private participation. He also noted that, for the first time, the nuclear energy sector has been opened to private players, as announced in the recent budget.

    Building Viksit Bharat @ 2047 Dr. Singh called upon all innovators to contribute towards making India a ‘Viksit Bharat’ by 2047. Concluding his address, he described NIF’s 25-year journey as a testament to inclusivity, shaping India’s innovation landscape by successfully identifying, supporting, and disseminating grassroots innovations—reaching even the most remote border villages.

    “With science and technology thriving under PM Modi’s leadership, these are indeed the best times for innovation and research in India” concludes Minister Dr. Singh.

    ******

    NKR/PSM

    (Release ID: 2107585) Visitor Counter : 44

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Text of Vice-President’s address at the Fourth P. Parameswaran Memorial Lecture in Thiruvananthapuram (Excerpts)

    Source: Government of India

    Posted On: 02 MAR 2025 5:34PM by PIB Delhi

    It is an absolute privilege and an honour to deliver the 4th P. Parameswaran lecture organised by Bharatheeya Vicharakendram in Thiruvananthapuram.The memorial lecture in the honour, in the memory of one of the greatest sons of Bharat. He happens to be in the front league of idealogues and thinkers of Hindu thought process in this century. We are celebrating by way of this lecture one of the finest intellectuals committed to social work and such a son of the soil being honoured in the land of Kerala, North zone territory.

    It is a testament that our civilisational values thrive, A civilisation is known only by one fundamental consideration, does it really honour its great sons and that has been the theme in last few years. Our forgotten heroes, unsung heroes, we have remembered them.

     Kerala has been the cradle of intellectual discourse, cultural enlightenment, and spiritual pursuits. This is a land that birth legends for Adi Shankharacharya who expounded the philosophy of Advaita Vedanta to Narayana Guru who led the modern message by his social reform and by his team of social reformers. We are celebrating the memory of one of them.

     This land is also home to some of the most revered temples, including Sabrimala, Padmanabhaswamy temple, and Guruvayur drawing millions of devotees, they get inspired and motivated. The faith and devotion that permeates these sacred spaces reminds us of the eternal values that hold our nation together.

     Our values are sublime, full of religiosity and spirituality, righteousness and self service. This fertile sacred geography also birthed Shri P. Parameswaran ji who received his values with birth. His unwavering commitment to Bharatiya values, his deep understanding of Indian ethos and his relentless pursuit of national unity continues to inspire generations.

     His vision for a self-reliant Bharat, culturally rooted and spiritually awakened, resonates profoundly across the nation. When we talk about the confluence of East and West, we remember Shri Vivekananda, Swami Vivekananda and his historic address at Chicago that was rendered at the World Council of Religions in 1893. But who rekindled it? Who ignited the flame in us? Who inspired us in modern times? By the essence of that address that stirred global minds, it was none other than Shri P. Parameswaran.

     In 1993, hundred years after that event, it was Parameswaran ji who invited the world to reflect on Swamiji. His life, his legacy and his message. The Government of India has rightly recognised this great son of the soil, a great ideologue of Hindu thought process.

     A messenger of Bharatiya Sanskriti, an epicentre in a sense who disseminated sublimity of our values with Padma Shri in early 2000 and in 2018 with the second highest civilian award of Padma Vibhushan, but these decorations do not completely define the man in whose memory we are having this lecture.

     The tribute which we can pay to such towering figures who amplify our values, epitomise our cultural essence, the best of human values, is to follow what he exemplified. We must emulate the value system that he professed.

     Ladies and gentlemen, I greatly commend the subject or theme of this lecture, “Demography, Development and Democracy, Shaping the Future of Bharat”– Nothing could be more contemporaneously relevant than this theme, and this theme, when the theme is a tribute to Rashtriya Rishi who dedicated his journey to welfare of humanity through Rashtriya Swayam Sevak Sangh, an organisation spinally rooted in our cultural ethos and now in the centennial year, I appeal to everyone in two years we will be celebrating the birth centenary of this great son of the soil.

     I am sure steps will be taken by the organisers in concert with similar outfits so that his message goes around to the entire country and the world. If I have to put in summation the thought process of P. Parameswaran ji, we all are Bharatiya. भारतीयता हमारी पहचान है। राष्ट्रहित हमारा धर्म है, राष्ट्र कल्याण सर्वोपरि है। कोई भी हित व्यक्तिगत हो या राजनीतिक या सामाजिक, राष्ट्रहित से ऊपर नहीं है।

     And therefore, I commend the organisers for having so thought about it. The theme calls upon me to first reflect on the state of the nation. There was a time, and I had the occasion to see it, as a member of parliament in 1989, as a union minister in 1990-91, an atmosphere that did not

    inspire us. That was alarmingly worrisome, full of concern, and now our Bharat is brimming with positivity and possibility.

     It is full of hope and aspirations. All around, all pervasive, an ecosystem of hope and possibility we can see, and in global firmament, it is the brightest spot of investment and opportunity. The country has seen in the last decade exponential economic upsurge. Our rise from 11th position a decade ago, on the scale of economic size, we have traversed a long distance, facing headwinds, difficult terrain, overcoming hurdles created earlier, cleansing the system, making it transparent and accountable.

     We are the 5th largest global economy at the moment, on way to becoming 4 trillion economy in US dollars very shortly, and with average growth over this period of about 8%. Bharat happens to be the fastest growing global economy in last decade, acclaimed, accoladed and applauded by global institutions, the IMF and the World Bank.

     World Bank has appreciated our deep digitisation, technological penetration, and everyone sees it now as a ground reality. Next comes infrastructure. Phenomenal infrastructure growth has dotted our landscape. Be it on sea, deep sea, ground, sky or in space, all our accomplishments make us greatly proud, and I am happy to share with you, every year the country has added four new airports and one metro system, and on a daily basis, 14 kilometres of highways and 6 kilometres of railways are

    being added.

     If I reflect on scale of deep technological penetration, 85 million are benefiting with houses, 330 million with health coverage, and 29 million small businesses with loans annually. The government is hand-holding them by affirmative policies and innovative schemes. We now boast of beyond what we achieved in space. Lunar and Mars missions in medical science, vaccine production, and the nation is bound to be hub of semiconductors, engineering and manufacturing.

     India’s engagement with world in green energy, urbanisation, emerging disruptive technologies, we are in the front rank. It is for the first time that the country is in big league of nations on Artificial Intelligence, on Quantum computing, on Green Hydrogen mission, and all pervasive digitisation has generated transparency, Accountability, easy service affordability.

     Corruption has been neutralised from power corridors on account of technological inroads. Technological inroads have been no less than invasion on corruption and malpractices, and that is reflected in the scenario that almost half of digital transactions in the world are

    emanating from this country, 6.5 billion monthly.

     Let me recall what P. Parameswaran ji said on this occasion, on such an occasion, we need to reflect, remember, I quote, “The youth of Bharat are not merely inheritors of our civilisation, but the architects who will shape our nation’s future glory through their aspirations, innovations, and resilience.”

     Our demographic dividend, the youth component of it, is envy of the world. India’s greatest strength is its population. We are home to one-sixth of humanity, but look at our qualitative cutting edge demographic dividend.

    Sixty-five percent of the population is in working age. Our nation is an average age of 28.4 years. We are uniquely positioned as the world’s youngest major economy.

    Compare this to Japan, 48.7 years. Compare it to Germany, 44.3 years, and China, 38.4 years. People-centric policies and transparent accountable governance has given buoyancy to ecosystem. Imagine the scale of it, a nation of 1.4 billion. Look at the transformative change that has impacted the rural environment.

     Every house has a toilet, electric connection, water connection is on way, a gas connection.And look at the connectivity, internet, and road, rail, and handholding policies in health and education centre. These define our growth trajectory. India is no longer a nation with a promise. India is no longer labelled as a nation of snake charmers. India is charming the entire world with the potential it has for everyone on the globe.

     This economic renaissance, which was beyond imagination, beyond contemplation, beyond dreams, a few years ago, has generated

    what is essence of our Sanatana inclusivity. Non-discriminatory, uniform, even-handed, equitable development, results, and fruits for one

    and all. Effort has been made, irrespective of any qualification, race, religion, caste, colour, that the benefit must reach those who are in the last line, and this is being done with great success.

    Bharat is the only democracy in the world that has structured democracy at the village level. Constitutionally sanctified democracy at the Village level, Municipal level, State level, and the Central level. I want, on this great occasion, to everyone reflect on what is democracy.

     Democracy is defined by freedom of expression and dialogue. If we enjoy freedom of expression and do not lend our ears to the other point of view, do not enter into dialogue, do not appreciate the other point of view, expression becomes authoritarianism.

     प्रजातन्त्र में किसी भी व्यक्ति या संस्था के लिए अहं और अहंकार का कोई स्थान नहीं है। प्रजातन्त्र का मूल तत्व है समानता, समान अधिकार, समान अवसर।

     And I therefore appeal that those who do not believe in harmony, social harmony, national harmony, must get into the thought process of Shri P. Parameswaran ji.

    How can we countenance in this land that has 5,000 years of civilisational ethos? Someone says, मैं अकेला सही हूँ, मेरी बात का कोई विकल्प नहीं है, ऐसा नहीं है। These thoughts are antithetical to our civilisational ethos. They militate against the very concept of democracy, and therefore, we must focus, alongside expression, on dialogue, dialogue enables everyone to self-assess oneself, to self-audit oneself, to be open to the other idea.

     And that was what P. Parameswaranji was doing all throughout. Ideologic discourse, ideologic debate, ideologic brainstorming should be dominating our discourse, not violence. What does our culture say, हमारी संस्कृति क्या कहती है? अभिव्यक्ति, वाद-विवाद और अनंतवाद, अनंतवाद का स्रोत हमारी सांस्कृतिक विरासत में है। अनंतवाद का ही नतीजा है कि भारत ज्ञान का भंडार था, जानकारी का भंडार था।

     If India is today a cultural centre of the world, we owe to people like P. Parameswaranji for coming to this level. If in the past, about 1200 years ago, India was the world’s repository of knowledge and wisdom, it was on account of our institutions.

     आज के दिन, कुछ हालात भयावह हैं, चिंतन और मंथन के लिए विवश करते हैं।

    We are faced with an alarmingly worrisome scenario on certain aspects. Politics has become polarised. We are faced with an alarmingly worrisome scenario on certain aspects. Vertically divisive, temperatures are ever high. The core national values and civilisational values are not the central theme. In this country where diversity is reflected in unity, this country that prides in Sanatana values of inclusivity, we cannot afford ourselves to be distanced from these core values and engage in polarised, divisive activities.

    Time for us to fall in the groove of Sanatana Dharma as enlightened by Shri P. Parameswaranji, and let me reflect on that concern. As meaningful dialogue fades, so do the pillars of cooperation, collaboration and consensus.

     I must share with you my anguish, my pain. The largest democracy’s parliament must be role model for people. It is a platform to transform aspirations of the people into reality. It has to be impregnable citadel of dialogue, debate, discussion and deliberation. And these facets were exemplified by the Constituent Assembly that worked for about three years in eighteen sessions. And what we see today? Dialogue, deliberation and others have yielded to disturbance and disruption.

     Can there be sacrilege of more intense enormity when temples of democracy are ravaged by disruption and disturbance? Our democracy has to survive. And the first test is parliamentary functioning. We face situations where national interest is relegated. Anti-national narratives take wings.

     We are living in very dangerous times. Political intolerance and reckless stance promoting partisan and personal interests at the cost of nationalism needs to be moderated. There is need for social counselling. Young minds and senior citizens must converge to generate an ecosystem. By becoming influencers of our mindset, we have a Constitution that remarkably depicts Gurukul.

     That makes reference to Ramayana. What is the message? अधर्म पर धर्म की विजय, when in fundamental rights, Part- III of the Constitution, you have a picture of Ram, Sita and Lakshman coming to Ayodhya. अंधकार से प्रकाश, धर्म की जीत अधर्म की हार। मर्यादित आचरण का संदेश और यदि अगर कहें सबका साथ सबका विश्वास इसका अंश आपको रामायण में मिलेगा ।

     भारत के संविधान में, if we go to the next part, Directive Principles of State Policy. महाभारत का वह scene है, कुरुक्षेत्र का वह दृश्य है। श्रीकृष्ण अर्जुन को उपदेश दे रहे हैं। What does it teach us? It says, लक्ष्य को ध्यान में रखो, छत को मत देखो, मछली को मत देखो, मछली की आँख को मत देखो क्योंकि आपका लक्ष्य नहीं है। आपको भेदन है। इसी तरीके से शासन का काम करते हुए, कर्तव्य निर्वहन करते हुए हमारी दृष्टि भाई-भतीजेवाद पर नहीं होनी चाहिए। The message is loud and clear. Patronism, nepotism, favouritism, are evils that cut into merit of the society. Fortunately, power corridors have been sanitised. It is obligation of every person, every Bharatiya, not only to believe in these values, but to disseminate them.

     Let me now come to demography. Demography does matter. Demography should not be confused with majoritarianism. We cannot have a society divided in these two camps. But ladies and gentlemen, the nation is faced with grim challenges when it comes to demography.

     The demography evolution must be organic. It must be natural. It must be soothing only then it reflects unity and diversity, but if demographic variations are brought about in the nature of virtual and earthquake, there is cause for concern.

     If inorganic demographic variations take place with intent to increase demographic component with the objective to secure progress, then we have to be alarmed. This is being done. This is noticeably being done. We are at a stage crossroads, where we can neither overlook nor countenance this highly destabilising development.

     We have to be extremely alert. All of you converge to preserve the pristine demographic sanctity of Bharat. The challenge is coming in varied ways. One is through allurements, temptations. Reaching out to the needy and vulnerable. Providing succour. And then, in a subtle way, suggesting change of religion which is labelled as conversions. The country allows everyone to have a religion of his or her choice. This is our fundamental right.

    This is handed to us from our civilisational wealth, but if this is tampered with, it is tweaked. ऐसा बर्दाश्त नहीं हो सकता. लालच, लोभ आधार नहीं हो सकता। कोई पीड़ा में है, दिक्कत में है,  जरूरतमंद है उसको hand-holding करते समय, धर्म परिवर्तन की तरफ मत खींचो. यह बर्दाश्त के लायक नहीं है, मैं कितनी ही कोशिश करूँ, I will not be able to express the gravity of the concern, enormity of the challenge that we are faced on account of these statized, orchestrated, financially fuelled misadventures to effect conversions.

     The third motive, which is ill-motivation towards our nation. How can a nation suffer millions of illegal migrants? Look at the number. Look at the danger they bring to this country. Everyone in this country is fired with the dream of nationalism. These people come, they demand on our employment, on our health, on our education sectors, and then become a factor in electoral politics. It is very urgent. This has to be addressed. We are cliffhanging. We must generate awareness. The mindset of the people must be activated.

     Every Bharatiya must be steered to face this challenge. And that flow is threatening our culture also. I would urge we must courageously thwart these demographic dislocations. I have indicated three. As of now in the country we have from electoral point of view areas where elections do not make much sense. We have fortresses in the country that have emerged in the last few years where the outcome of the election is always foreclosed by democratic demographic dislocations.

     Addressing these challenges which are very daunting, policy interventions alone are not sufficient. We have to appreciate and recognise these challenges as existential to our nationalism and also to our democracy. True devotion to Bharat Mata means not merely celebrating its spiritual heritage but actively protecting its erosion caused by demographic transformation. I am happy to share with you that Viksit Bharat is not a dream now. It is our object. The nation is regaining past glory. We are on way to it. Our youth will play a critical role. We must gear up to do that. Everything that is happening in the country is making us proud globally.

     I reflected on global institutions. Now look at what happened only a few days ago. More than twice the population of the US had footprint at Mahakumbh. The holy Mahakumbh. More than twice the population of the US. Imagine the size and scale of it. And look at the exemplary management, quick response, facilities everything for us to take pride. The world has not seen such organised handling of a situation at this mega scale. Nowhere on the planet this has been seen. Nowhere there has been congregation of humanity in that number on a daily basis. That defines Bharat. That surprises the world. Look at how the mobility was there.

     How health was taken care of. How public order was maintained. How hygiene was controlled. I was there. My entire family was there. That should make us proud. This is a glorifying facet of Indian civilisation. We must ever remember. From all considerations all I can say is भारत जैसा कोई दूसरा देश नहीं है। हम अत्यंत भाग्यशाली हैं परमपिता परमेश्वर के कि हमारा जन्म यहाँ हुआ। अब हमें कर्तव्य निर्वहन करना चाहिए और कर्तव्य निर्वहन का मार्ग परमेश्वरन जी ने जीवन पर्यंत सिखाया है। आदर्श प्रचारक के रूप में, देश और दुनिया की सबसे बड़ी ideological संस्था से जुड़कर– राष्ट्रीय स्वयंसेवक संघ और एक रास्ता दिखाकर अहिंसा विकल्प नहीं है।

     I am extremely grateful to the organisers for having made this great opportunity to me available. I feel blessed, I feel honoured, and I look forward to the centennial celebrations of his birthday be organised at the national level. I must recognise in the audience’s presence of another great son of Bharat, Padma Bhushan Dr. O. Rajagopal.

     My greetings to all of you. I am grateful for your patience.

     Jai Hind.

    ***

    JK/RC/SM

    (Release ID: 2107567) Visitor Counter : 82

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Post Budget Webinar on “Agriculture and Rural Prosperity” focused on the Framework for Harnessing Fisheries Resources in Exclusive Economic Zone & High Seas

    Source: Government of India (2)

    Post Budget Webinar on “Agriculture and Rural Prosperity”  focused on the Framework for Harnessing Fisheries Resources in Exclusive Economic Zone  & High Seas

    Deliberations on Market Linkages, Ease of Doing Business, Sustainability Aim to Boost Farmers Income

    Posted On: 02 MAR 2025 3:18PM by PIB Delhi

    Union Minister, Ministry of Fisheries, Animal Husbandry & Dairying (MoFAH&D) and Ministry of Panchayati Raj, Shri Rajeev Ranjan Singh alias Lalan Singh, participated virtually in a  daylong Post-Budget Webinar on “Agriculture and Rural Prosperity” on 1st March 2025. The webinar was organised  by the Ministry of Agriculture & Farmers’ Welfare and also saw participation  of Prof. S.P. Singh Baghel, Union Minister of State, MoFAH&D and Ministry of Panchayati Raj, and Shri George Kurian, Union Minister of State, MoFAH&D and Ministry of Minority Affairs.

      

    Prime Minister Shri Narendra Modi in the webinar, delivered the keynote address in the event. The webinar engaged stakeholders in focused discussions, strategizing the effective implementation of 2025 Budget announcements. The webinar addressed key areas of agricultural growth and rural prosperity, ensuring a collaborative approach towards realizing the budget’s vision. Furthermore, the event aligned key stakeholders, including private sector experts, industry representatives, and subject matter specialists and key stakeholders, including representatives from fishermen associations, fisheries cooperatives, industry & private sector experts from mainland, Andaman Nicobar and Lakshadweep islands through structured, sub-theme-focused discussions. The webinar also aimed at facilitating dialogue, gathering insights, and ensuring timely and coordinated actions towards achieving the set goals.

    The post budget webinar on “Agriculture  and Rural Prosperity” featured parallel discussions on various sub-themes, each anchored by designated Secretaries. Key topics included Prime Minister Dhan-Dhaanya Krishi Yojana, Enhancing Credit through KCC, Building Rural Prosperity and Resilience, Atmanirbharata in Pulses, Comprehensive Programme for Vegetables & Fruits, National Mission on High Yielding Seeds, Mission for Cotton Productivity, India Post as a Catalyst for the Rural Economy, Framework for Harnessing Fisheries Resources in the Exclusive Economic Zone (EEZ) & High Seas, and Support to National Cooperative Development Corporation.

    Prime Minister Shri Narendra Modi, in his address at the post-budget webinar on agriculture and rural prosperity, highlighted the transformative impact of the Pradhan Mantri Matsya Sampada Yojana (PMMSY) since 2019, which has strengthened fisheries infrastructure, doubled production, and boosted exports in the sector. He emphasized the government’s commitment to sustainable fisheries in the Exclusive Economic Zone (EEZ) and the High Seas through a strategic action plan. Urging swift implementation, he called on stakeholders to explore new ideas for Ease of Doing Business and enhance sectoral growth.

    Prof. S.P. Singh Baghel, highlighted India’s vast marine resources within its 2.2 million sq. km Exclusive Economic Zone (EEZ). The initiatives undertaken by ICAR in fisheries research were also briefly highlighted, emphasizing their role in advancing sustainable development and strengthening the sector. Emphasizing the need for regional development, the significance of promoting fisheries clusters as a key strategy for boosting the sector was underscored. He affirmed the government’s commitment to transforming Lakshadweep and the Andaman & Nicobar Islands into major fisheries hubs by leveraging their untapped marine potential. He stated that initiatives undertaken by the government aims to enhance local value chains, improve infrastructure, and create sustainable economic opportunities for coastal communities while ensuring environmental conservation and long-term growth in the fisheries sector.

    Shri George Kurian, in his address, thanked Prime Minister Narendra Modi for establishing the Fisheries Department in 2019. He said that fisheries sector aims to double the income of fish farmers for which the government has provided additional financial support in the budget to boost exports. He said that the government is also promoting cluster zones for fisheries development in Andaman & Nicobar and Lakshadweep. To develop these regions, it will be necessary to provide training to the local people and seek assistance from the governments of these island groups.

    Breakout Session on “Framework for Sustainable Harnessing of Fisheries Resources in the Exclusive Economic Zone (EEZ) of India and the High Seas with a special focus on Andaman & Nicobar Islands and Lakshadweep”, was chaired by Dr. Abhilaksh Likhi, Secretary, Department of Fisheries.  The session discussed policy interventions, international commitments, and strategies for responsible fisheries management to drive seafood exports, enhance food security, and create employment opportunities while ensuring long-term sustainability. It also deliberated upon the implementation of the Budget Announcement, focusing on  sustainable harnessing of fisheries from India’s Exclusive Economic Zone (EEZ) and the High Seas, along with the development of deep-sea fisheries in the Andaman & Nicobar Islands and Lakshadweep to unlock their vast marine potential.

    This session witnessed participation of key industry experts, policymakers, and stakeholders who deliberated on crucial aspects of deep-sea fishing, market linkages, value addition, and sustainability. Various topics like Deep Sea Fishing: Vessel Designing, Procurement & Smart Harbor Development, Credit Facility for Fisheries Cooperatives to Procure and Operate Deep Sea Fishing Vessels, Concept of Mother and Child Vessels Strategy for Deep Sea Fishing, Sustainable Offshore Technologies for Harnessing of Marine Resources, Value Chain Enhancement: Processing, Packaging & Export etc. were deliberated upon during the session.

    The discussions  during the webinar have laid a strong foundation for the structured and sustainable harnessing of India’s marine fisheries resources with a clear focus on balancing economic growth with environmental responsibility. The proposed framework will enable deep-sea fisheries development, strengthen regulatory mechanisms, and enhance infrastructure and market access. Also the strategic emphasis on Andaman & Nicobar and Lakshadweep will unlock their vast marine potential while ensuring long-term sustainability. The discussions also focused on seamless collaboration among stakeholders, adherence to international commitments, and effective policy implementation to help transform  India’s marine fisheries sector into a global leader in sustainable and responsible fishing.

    ****

    Aditi Agrawal

    (Release ID: 2107533) Visitor Counter : 16

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Fostering Growth and Inclusivity

    Source: Government of India (2)

    Fostering Growth and Inclusivity

    The Strategic Impact of GeM on India’s Economy

    Posted On: 02 MAR 2025 1:53PM by PIB Delhi

    Introduction

    Public procurement plays a crucial role in a nation’s economic growth, directly impacting the lives of its citizens. When governments purchase goods and services efficiently and transparently, it not only ensures the effective use of public funds but also stimulates economic opportunities for businesses of all sizes. This, in turn, drives employment, promotes innovation, and contributes to overall societal development. In India, the Government e-Marketplace (GeM) has emerged as a game-changer in public procurement, creating an open and inclusive platform that benefits not just government buyers but also local entrepreneurs, startups, and small businesses.

     

    In alignment with the societal development of the nation, GeM has enabled startups to fulfil orders worth ₹ 35,950 Crore. Women entrepreneurs comprise 8% of the total seller base on GeM, with cumulative 1,77,786 Udyam-verified women micro, and small enterprises (MSE) registered on the GeM portal, having fulfilled a cumulative order value of ₹46,615 Crore.

    What is GeM?

    Government e-Marketplace (GeM) is an online platform for public procurement in India which was envisaged by Prime Minister Narendra Modi. The initiative was launched on August 09, 2016 by the Ministry of Commerce and Industry with the objective to create an open and transparent procurement platform for government buyers.

     

    Core Principles of GeM

     

    GeM is characterized by three core elements:

    Openness: GeM shall be an open marketplace wherein it promotes access to information and transparency. Relevant information on sellers, goods, and services shall be easy to find and readily available for users. GeM shall provide databased insights to help users in decision-making and ascertaining price reasonability.

    Fairness: One of the platform’s key objectives is to allow sellers, big and small, to gain direct access to Government buyers. In doing so, all sellers shall be treated fairly and GeM shall not offer promotional treatment to one seller over the other. GeM shall support the intentions behind the preferential market access policies and ensure that all sellers are provided with a level playing field. This will ensure the health and competitiveness of the marketplace.

     

     

    Inclusiveness: GeM shall promote inclusiveness, which means that all Government buyers and sellers shall be accepted on the platform. GeM shall aspire to create a robust seller base and all sellers interested in conducting business with the Government shall be welcomed on the platform. For buyers and sellers that do not have the know-how of using GeM, additional assistance in the form of focused training, onboarding sessions and continued feedback and support shall be provided.

     

    Key Features of GeM

     

    SWAYATT: Promoting Ease of Doing Business

     

    SWAYATT is portal’s commitment to enhance ease of doing business and establish direct market linkages to annual public procurement for startups, women entrepreneurs, Micro & Small Enterprises (MSEs), Self Help Groups (SHGs) and youth, especially those from backward sections of the society. Since inception, the initiative is focused at facilitating the training and onboarding of last-mile sellers, developing women entrepreneurship and encouraging participation and small-scale businesses in government procurement.

     

     

    Startup Runway 2.0 is an opportunity for Startups to showcase their innovative products and services to Government buyers and engage in public procurement. GeM has created a dedicated marketplace category for all Startups to list their products and services, irrespective of their DPIIT-certification. The platform offers Startups all the marketplace functionalities that are available to regular sellers and the objective is to spur “Make In India” procurement from India Startups.

     

     

    “Womaniya” initiative seeks to showcase products made by women entrepreneurs and women self-help groups [WSHGs], and spur Women entrepreneurship by aligning them with opportunities to sell their products to various Government ministries, departments and institutions. GeM has specially categorized products such as handicrafts and handloom, accessories, jute and coir products, bamboo products, organic foods, spices, home décor and office furnishings for ease-in-procurement. Womaniya aligns with Government’s initiative of reserving 3 percent in public procurement from women MSME entrepreneurs and this offers immense potential for procurement.

     

     

    GeM is collaborating with various stakeholders from the Micro, Small and Medium Enterprises [MSME] ecosystem with special focus on entrepreneurs from the Scheduled Caste/ Schedule Tribes [SC/ ST]. The partnership is based on the objective of achieving the mandatory procurement goal of 25 percent from MSMEs and a sub target procurement of 4 percent goods and services from MSME entrepreneurs within SC/ ST communities, by all government departments and public sector enterprises [PSE]. This initiative seeks to encourage active participation of MSE sector in public procurement.

    The Saras Collection: Celebrating Handcrafted Excellence

    The SARAS Collection is a pristine handcrafted collection of handicrafts, handloom textiles, office décor, furnishings, accessories, event souvenirs, personal hygiene and care products from top of the line SHGs in India.

    GeM Statistics: A Snapshot of Growth and Impact

     

    The latest statistics reveal significant activity in the marketplace, showcasing a robust ecosystem with 162,985 primary buyers, 228,754 secondary buyers, and a diverse range of 11,006 product categories and 332 service categories. In the last financial year, the order volume reached 62,86,543, with an order value of ₹4,03,305 Crore. Continuing its momentum, the current financial year has already recorded 61,23,691 orders worth ₹4,52,594 Crore. Notably, 37.87% of the total order value is attributed to Micro and Small Enterprises (MSEs), underscoring GeM’s role in empowering local businesses and fostering inclusive economic growth.

    Data as on 28 February 2025

    Conclusion

    Government e-Marketplace (GeM) has transformed public procurement in India by promoting transparency, efficiency, and inclusiveness. By empowering startups, women entrepreneurs, and MSMEs, GeM fosters economic growth and social equity. The platform’s strategic initiatives, such as SWAYATT, Startup Runway 2.0, and Womaniya, have significantly contributed to the ease of doing business and enhanced participation in government procurement. As GeM continues to evolve, it remains committed to its vision of creating a sustainable, open, and competitive marketplace, driving India’s progress towards inclusive and transparent public procurement practices.

     

    References

    https://gem.gov.in/

    https://pib.gov.in/PressReleseDetailm.aspx?PRID=2106076&reg=3&lang=1

    https://assets-bg.gem.gov.in/resources/pdf/GeM_handbook.pdf

    Click here to download PDF

    ******

    Santosh Kumar/Sarla Meena/ Madiha Iqbal

    (Release ID: 2107510) Visitor Counter : 66

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Coal Ministry to Host Third Roadshow on Commercial Coal Mine Auctions in Gandhinagar, Gujarat Tomorrow

    Source: Government of India

    Posted On: 02 MAR 2025 1:35PM by PIB Delhi

    As part of its ongoing efforts to promote commercial coal mining and attract private investment, the Ministry of Coal is organizing a Roadshow on Commercial Coal Mine Auctions & Investment Opportunities in Gandhinagar, Gujarat tomorrow. The event aims to bring together industry stakeholders, potential investors, and policymakers to accelerate private sector participation in India’s coal sector.

     

    Union Minister of State for Coal and Mines Shri Satish Chandra Dubey will grace the occasion as the Chief Guest. Joining him will be Ms. Rupinder Brar, Additional Secretary, Ministry of Coal, along with senior officers of the Ministry to provide insights into the auction process, investments landscape and Government initiative driving growth in the sector.

    The Ministry of Coal has been actively engaging with stakeholders through a series of roadshows to promote commercial coal mining. After successful events in Kolkata and Mumbai, the Ministry is now organizing a roadshow in Gandhinagar to attract potential investors and industry leaders. The upcoming 12th round of commercial coalmine auctions is expected to commence in the second week of March, further reinforcing the Government’s commitment to enhancing domestic coal production and ensuring energy security.

    The roadshow provides forum to highlight the Government’s initiatives to boost coal production, enhance efficiency, policy support and drive self-reliance in the sector. Participants will gain firsthand knowledge of availability of coal blocks, investment opportunities, and the ease of doing business in India’s coal industry. Experts will also highlight advancements in coal technology, sustainability measures, and policy reforms aimed at fostering a transparent and competitive marketplace.

    The commercial coal mine auctions have been instrumental in unlocking the true potential of India’s coal reserves, attracting domestic and international players, and reducing import dependency. With investor-friendly policies and technological advancements, the Ministry of Coal is committed to ensuring a robust and sustainable coal sector that aligns with the country’s energy security and economic growth goals.

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    Shuhaib T

    (Release ID: 2107507) Visitor Counter : 75

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Opening remarks by SCED at opening ceremony of Hong Kong International Jewellery Show and Hong Kong International Diamond, Gem and Pearl Show 2025 (English only)

    Source: Hong Kong Government special administrative region

    Opening remarks by SCED at opening ceremony of Hong Kong International Jewellery Show and Hong Kong International Diamond, Gem and Pearl Show 2025 (English only)
    Opening remarks by SCED at opening ceremony of Hong Kong International Jewellery Show and Hong Kong International Diamond, Gem and Pearl Show 2025 (English only)
    ******************************************************************************************

         Following are the opening remarks by the Secretary for Commerce and Economic Development, Mr Algernon Yau, at the opening ceremony of the Hong Kong International Jewellery Show and the Hong Kong International Diamond, Gem and Pearl Show 2025 today (March 2):Winston (Chairman of the Hong Kong Trade Development Council (HKTDC) Jewellery Advisory Committee, Mr Winston Chow), Lawrence (Chairman of the HKTDC Hong Kong International Jewellery Show and HKTDC Hong Kong International Diamond, Gem and Pearl Show Fair Organising Committee, Mr Lawrence Ma), Margaret (Executive Director of the HKTDC, Ms Margaret Fong), distinguished guests, ladies and gentlemen,     Good afternoon. Thank you for coming to the opening ceremony of the Hong Kong International Jewellery Show and the Hong Kong International Diamond, Gem and Pearl Show 2025. This is a signature event in Hong Kong. This year, we are welcoming some 4 000 exhibitors from over 40 countries and regions. They have all brought with them high-quality products to showcase. I hope that all exhibitors and buyers will find this event rewarding, and can make new friends, new business connections. In addition, I hope you would enjoy your stay in Hong Kong.     Convention and exhibition is a very important sector for us. Hong Kong is strategically right at the heart of Asia, and has superb transport connections with the rest of the world. The connections and the convenience make us a prime location for business activities.     Every year, we host hundreds of large-scale conventions and exhibitions. They in turn attract millions of visitors to Hong Kong, bringing business opportunities for the local tourism, retail, catering and entertainment industries. Of all the international trade shows held in Hong Kong, over 10 are the largest in Asia and globally for their respective trades, including electronics, jewellery, gifts, watches and clocks, lighting, among others.     To bring in more international exhibitions to our city, the Government will launch an incentive scheme later this year called the Incentive Scheme for Recurrent Exhibitions 2.0. The scheme will offer incentive support to attract new or recurrent large-scale international exhibitions to be held in Hong Kong, thereby driving further our economic growth.     The global business environment is facing a lot of uncertainties these days. Protectionism is rising again. It has caused disruptions to trade, supply chain, cash flow and sentiment in the investment market. While putting Hong Kong’s economic resilience to the test, these challenges also make us more determined to reform, to innovate and to improve. But as a matter of principle, Hong Kong is an international trade centre and we will continue to support free trade.     We do not agree with unnecessary tariffs and trade barriers. They affect global trade and capital flows, dampen investment confidence and slow down global economic development. We will continue to be a dedicated supporter of a rule-based multilateral trading system, for the benefits of the whole world.     We hope to see more and more trade shows and mega events in Hong Kong, and welcome you to our city many times in the future. I would also like to thank the organiser for bringing us all together for networking and to enjoy the wonderful jewellery designs on display. Thank you.

     
    Ends/Sunday, March 2, 2025Issued at HKT 16:00

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Indian Institute of Corporate Affairs (IICA) Hosts National Association of Impact Leaders (NAIL) Meet in Goa to Strengthen ESG Leadership in India

    Source: Government of India

    Indian Institute of Corporate Affairs (IICA) Hosts National Association of Impact Leaders (NAIL) Meet in Goa to Strengthen ESG Leadership in India

    Discussions underscored the need to align organizational strategies with evolving global frameworks, green technology adoption and the transformative power of technology

    IICA announces the 3rd edition of the flagship ESG annual conference of IICA, the National Conference on Responsible Business Conduct (NCRBC), scheduled to be held on the 2nd and 3rd of July 2025

    Posted On: 02 MAR 2025 12:38PM by PIB Delhi

    The Indian Institute of Corporate Affairs (IICA), under the aegis of the Ministry of Corporate Affairs, Government of India, proudly hosted the inaugural National Association of Impact Leaders (NAIL) Meet 2025 in the picturesque setting of Goa. This landmark event, attended by over 100 participants, served as a confluence of eminent ESG professionals, policymakers, and thought leaders, all brought together to exchange insights, deliberate on emerging sustainability trends, and chart the course for a resilient and responsible corporate future. The event was held under the esteemed guidance of Shri Ajay Bhushan Prasad Pandey, DG & CEO, IICA and Chairman, National Financial Reporting Authority (NFRA).

    Setting the stage for an intellectually stimulating discourse, the event commenced with a Welcome-and-Context-Setting session led by Prof. Garima Dadhich, Associate Professor and Head, School of Business Environment, IICA. She eloquently articulated the growing significance of ESG leadership in fostering corporate sustainability and underscored the need to align organizational strategies with evolving global frameworks.

    Further enriching the dialogue, Ms. Aruna C. Newton, Vice President, Infosys Limited, presented an illuminating perspective on how robust governance frameworks can accelerate green technology adoption, ultimately fostering a culture of corporate sustainability. Her insights paved the way for Public Relations Associate, Private Sector Engagement, UNICEF, who provided an in-depth analysis of the social dimensions of Business Responsibility and Sustainability Reporting (BRSR) Core, reinforcing the imperative of inclusive and ethical business conduct.

    Bringing a dynamic exchange of ideas to the fore, a panel discussion, expertly moderated by Prof. Garima Dadhich, engaged distinguished NAIL members, namely,  Mr. J P Dash from Batch I, Mr. Ashok Sethi and Mr. Sridhar L from Batch II, Ms. Shalini Verma and Mr. Paritosh Chauhan from Batch III, in an invigorating deliberation. This stimulating discourse delved into the far-reaching implications of regulatory transformations, including SEBI’s new norms, the Corporate Sustainability Reporting Directive (CSRD), and the dissolution of Sustainability Accounting Standards Board (SASB) and Task Force on Climate-related Financial Disclosures (TCFD), highlighting both challenges and opportunities for the corporate sector. Elevating this dialogue further, senior official from Department of Debt and Hybrid Securities (DDHS) – PoD, SEBI, offered a deep dive into the evolving ESG rating landscape, illuminating investor expectations and the strategic adjustments corporates must make to remain compliant and competitive. Complementing these insights, the official representative from the corporate finance department at SEBI, provided an authoritative overview of industrial benchmarks set for BRSR Core and their tangible impact on businesses striving to enhance ESG compliance.

    Highlighting the transformative power of technology, Senior Expert-ESG Practice from KPMG India, delivered a presentation on the role of artificial intelligence in revolutionizing ESG data analytics, reporting, and decision-making. This seamlessly transitioned into an engaging session led by Senior Expert WRI India, and Senior Expert CEEW-CEF, who provided a meticulous analysis of greenhouse gas accounting methodologies and underscored the critical role of carbon markets in facilitating a transition towards a net-zero future, respectively.

    The event culminated with a heartfelt vote of thanks by Prof. Garima Dadhich, expressing gratitude to all esteemed speakers, participants, and stakeholders for their invaluable contributions, which was followed by an enriching networking session, where attendees engaged in stimulating conversations on sustainable finance, ESG audits, decarbonization strategies, and business-biodiversity integration.

    During the event, IICA also announced the 3rd edition of the flagship ESG annual conference of IICA, organised with support from the Ministry of Corporate Affairs, the National Conference on Responsible Business Conduct (NCRBC), scheduled to be held on the 2nd and 3rd of July 2025. Registrations for the event will open in March 2025.

    National Association of Impact Leaders (NAIL) is poised to emerge as a premier platform for IICA Certified ESG Professionals and Impact Leaders, continuously driving knowledge-sharing, impactful leadership, and meaningful change in the realm of corporate sustainability. For more information on NAIL and the flagship programme for ESG in India, the IICA Certified ESG Professional Impact Leader Programme, please log in to https://iica.nic.in/esgcsr/.

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    NB/AD

    (Release ID: 2107494) Visitor Counter : 52

    MIL OSI Asia Pacific News

  • MIL-OSI: 9/2025・Trifork Group AG – Share-based Incentive Program 2025

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 9 / 2025
    Schindellegi, Switzerland – 3 March 2025


    Share-based incentive program 2025

    Trifork Group AG (“Trifork”) has granted restricted share units (“RSUs”) under the existing employee long-term share-based incentive program (“ELTIP”) approved by the Board of Directors in 2021.

    The second ELTIP 2025 (“ELTIP 2025b”) is covering the grant in March 2025 to the Executive Managmeent of the Trifork Group.

    The ELTIP 2025b is based on RSUs and Executive Management variable remuneration for its performance in financial year 2024. RSUs granted will be subject to graded vesting over a three-year period.

    Further details about the ELTIP 2025b are stated below:

    Participants Executive Management of the Trifork Group eligible for variable remuneration for financial year 2024.
    Total 1 employee.
    Number of RSUs A total of 14,653 RSUs is allocated under the ELTIP 2025b.
    The number of RSUs is calculated by taking the respective variable remuneration amount and applying the weighted average share price for Trifork’s shares of the last three trading days of 2024.
    Granting RSUs comprised by the ELTIP 2025b are granted in March 2025.
    Vesting RSUs will vest over a three-year period with 1/3 of the RSUs vesting each year. Vesting is not conditional upon the achievement of any financial or non-financial targets but is conditional upon the participating employee remaining employed with the Trifork Group throughout the vesting period or becoming a good leaver during the vesting period as well as the participating employee having complied in all respects with the terms and conditions of the ELTIP 2025b.
    Objective Attraction and retention of employees in selected jurisdictions.
    Conversion Once vested and not lapsed in accordance with the terms and conditions of the ELTIP 2025b, each RSU will entitle the holder to receive one Trifork share.
    Conditions RSUs are granted based on the conversion of the respective variable remuneration for each participating employee. 
    The ELTIP 2025b is subject to customary conditions.
    Allocation & theoretical value The allocation is based on the weighted average share price of the last 3 trading days of 2024 (DKK 75.08). Dividing the converting salary by this amount results in the number of RSUs to be granted. The converting total amounts to DKK 1,100,154 (EUR 147,477) and 14,653 RSUs.
      The theoretical value for the RSUs is the market price of the Trifork share at grant date minus the expected dividends for the portions vesting after one, two and three years.


    Information and questions

    Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 73 17


    About Trifork

    Trifork is a pioneering global technology partner, empowering enterprise and public sector customers with innovative solutions. With 1,229 professionals across 73 business units in 16 countries, Trifork delivers expertise in inspiring, building, and running advanced software solutions across diverse sectors, including public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. Trifork Labs, the Group’s R&D hub, drives innovation by investing in and developing synergistic and high-potential technology companies. Trifork Group AG is a publicly listed company on Nasdaq Copenhagen. Learn more at trifork.com.

    Attachment

    The MIL Network

  • MIL-OSI: Valour Expands Digital Asset Offerings with the Launch of Valour Dogecoin, Valour Aptos, Valour Sui, and Valour Render ETPs on Börse Frankfurt in Germany

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 03, 2025 (GLOBE NEWSWIRE) — DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi”), is pleased to announce that its subsidiary Valour Inc. (“Valour“), a leading issuer of exchange traded products (“ETPs“) that provide simplified access to digital assets, has launched of four new digital asset ETPs on the Börse Frankfurt exchange: Valour Dogecoin (DOGE) EUR ETP, Valour Aptos (APT) EUR ETP, Valour Sui (SUI) EUR ETP, and Valour Render (RENDER) EUR ETP. These new products expand Valour’s commitment to offering investors seamless, secure, and cost-effective exposure to the most innovative digital assets in the market.

    Introducing New ETPs for Emerging Digital Assets

    Valour Dogecoin (DOGE) EUR ETP (ISIN: CH1108679791)

    Dogecoin (DOGE) is one of the most recognized and actively used cryptocurrencies, originally introduced in 2013 as a parody but now serving as a widely adopted digital currency. With a market capitalization of approximately $30.64 billion, DOGE ranks as the 8th largest digital asset globally. It is known for its strong community, fast transaction speeds, and usability for microtransactions, tipping, and merchant payments. The Valour Dogecoin ETP allows investors to gain exposure to DOGE’s performance without the complexities of direct cryptocurrency ownership, featuring a competitive management fee of 1.9%.

    Valour Aptos (APT) EUR ETP (ISIN: CH1108679783)

    Aptos (APT) is a next-generation Layer 1 blockchain designed for scalability, reliability, and security. Powered by its innovative Move programming language, Aptos enables fast transactions and a developer-friendly ecosystem. It is focused on advancing Web3 usability and adoption, providing infrastructure for NFTs, DeFi, and beyond. With a market capitalization of $6.19 billion, Aptos ranks 31st globally among digital assets. The Valour Aptos ETP grants investors seamless exposure to the Aptos blockchain ecosystem.

    Valour Sui (SUI) EUR ETP (ISIN: CH1108679080)

    Sui (SUI) is an innovative blockchain designed for high throughput and instant finality, making it ideal for applications such as gaming and finance. Sui utilizes an object-centric approach that allows for the independent validation of transactions, leveraging a Byzantine fault-tolerant proof-of-stake (PoS) consensus mechanism. With a market capitalization of $28.01 billion, Sui ranks 15th among digital assets worldwide. The Valour Sui ETP provides investors with access to this advanced blockchain, featuring a 1.9% management fee.

    Valour Render (RENDER) EUR ETP (ISIN: CH1108679783)

    Render (RENDER) is the native cryptocurrency of the Render Network, a decentralized GPU-based rendering platform that optimizes computational power for visual effects, gaming, and digital design. The Render Network enables cost-effective and scalable rendering solutions, fostering innovation across the creative industries. With a market capitalization of $2.26 billion, Render ranks 49th globally among digital assets. The Valour Render ETP offers investors exposure to the expanding world of decentralized computing and digital content creation.

    Bringing Innovation to European Investors

    With the introduction of these four new ETPs, Valour continues to expand its portfolio of digital asset investment products, offering European investors diversified and institutional-grade access to the cryptocurrency market. Valour’s ETPs provide a seamless entry point for investors looking to gain exposure to emerging blockchain technologies without the need for direct ownership or complex custody solutions.

    “We are excited to bring Valour Dogecoin, Valour Aptos, Valour Sui, and Valour Render ETPs to the Börse Frankfurt exchange,” said Olivier Roussy Newton, CEO of Valour. “These new listings underscore our commitment to delivering innovative and accessible digital asset investment solutions to the European market. By offering secure and transparent exposure to some of the most promising protocols, we continue to drive the adoption of digital assets among institutional and retail investors alike.”

    “After successfully launching 20 products in the Nordics in December, we are now enhancing our product range in Germany with the most sought-after underlying digital assets. Investor demand for diversified crypto exposure continues to rise, and Aptos, Sui, Render, and Dogecoin stand out as some of the most compelling assets in the market. This launch reinforces our commitment to providing institutional-grade access to the digital asset space, aligned with market trends and investor needs.” said Johanna Belitz, Head of Nordics

    About DeFi Technologies
    DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionising the way individuals and institutions interact with the evolving financial ecosystem. Follow DeFi Technologies on Linkedin and Twitter, and for more details, visit https://defi.tech/  

    About Valour
    Valour Inc. and Valour Digital Securities Limited (together, “Valour”) issues exchange traded products (“ETPs”) that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF). For more information about Valour, to subscribe, or to receive updates, visit valour.com.

    Cautionary note regarding forward-looking information:
    This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the listing of ETPs; the development and prospects of the underlying digital assets; investor confidence in Valour’s ETPs; investor interest and confidence in digital assets; the regulatory environment with respect to the growth and adoption of decentralized finance and digital assets; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the growth and development of decentralised finance and digital asset sector; rules and regulations with respect to decentralised finance and digital assets; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

    THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

    For further information, please contact:

    Olivier Roussy Newton
    Chief Executive Officer
    ir@defi.tech
    (323) 537-7681

    The MIL Network

  • MIL-OSI Economics: 5G to drive APAC mobile services market during 2024-2029, forecasts GlobalData

    Source: GlobalData

    5G to drive APAC mobile services market during 2024-2029, forecasts GlobalData

    Posted in Technology

    The total mobile communications services revenue in the Asia-Pacific (APAC) region is expected to increase at a compound annual growth rate (CAGR) of 2.8% from $301.7 billion in 2024 to $346.1 billion in 2029, driven by continued rise in mobile subscriptions, as operators continue to roll out and expand their 5G networks, reveals GlobalData, a leading data and analytics company.

    GlobalData’s report, “Asia-Pacific (APAC) Mobile Broadband Market Trends and Opportunities, 2024 Update,” reveals that mobile data services will remain the largest revenue contributing segment to the overall mobile services market in the region over the forecast period, primarily driven by the expansion and increasing adoption of high-average revenue per user (ARPU) generating 5G services in the region.

    Srikanth Vaidya, Telecom Analyst at GlobalData, says: “With 5G services launched in almost all developed markets including Australia, China, Japan, Hong Kong, and South Korea, and set to be launched soon in countries like Bangladesh and Sri Lanka, the revenue prospects for mobile data services will remain strong through the forecast period.

    “Operators like Grameenphone, Robi and Teletalk in Bangladesh and Dialog and Mobitel in Sri Lanka, for instance, have conducted 5G network trails in major cities of their respective countries and are gearing up for 5G service roll outs in 2025.”

    Government support for 5G expansion will also strengthen the mobile data services market in the region. Telecom regulatory bodies and governing authorities in countries like Australia, China, India, South Korea, Japan, and Taiwan have launched national 5G strategies/action plans, outlining the vision and guidelines to establish 5G ecosystems and drive 5G coverage expansions. These action plans include supporting initiatives such as public sector investment in 5G applications, favorable tax incentives, forums for industry-government collaboration, promotion of 5G led-technological innovations, and license arrangements to enhance spectrum use and reuse.

    China will remain the largest 5G market in the world through the forecast period with 90% of its mobile subscriptions to be on 5G network by 2029, primarily driven by the telco investments and the regulator’s efforts to expand 5G service coverage to rural areas and industrial parks, and boost 5G adoption. For instance, the Ministry of Industry and Information Technology (MIIT) reported that in 2024, China had deployed 4.19 million 5G base stations, and expected to increase to 4.5 million by end of 2025, further enhancing its network capacity and reach.

    Vaidya continues: “The average monthly data usage (excluding voice-only subscriptions) in the region is forecast to increase from 25.1GB in 2024 to 48.6GB in 2029, receiving a significant boost from 5G service launches and expansions across markets. Growing consumption of online video and social media content over smartphones, on the back of data-centric service plans offered by MNOs, will also drive the growth in mobile data usage levels through the forecast period.”

    APAC has become the center of the technological race for 5G+ supremacy. South Korea, Japan, and China have gone beyond just the deployment of 5G, to the development of the wider 5G ecosystem, thereby supporting the manufacturing and IT industries in these countries and driving IoT/M2M opportunities.

    Vaidya concludes: “While mobile data segment will continue with the growth trajectory, mobile voice service revenue will decline at a CAGR of 5.7% over the forecast period, as consumers continue to migrate towards OTT/internet-based communication services.”

    MIL OSI Economics

  • MIL-OSI Economics: Asia to dominate global CDU capacity additions through 2030, forecasts GlobalData

    Source: GlobalData

    Asia to dominate global CDU capacity additions through 2030, forecasts GlobalData

    Posted in Oil & Gas

    The global conventional refining industry is anticipated to expand considerably from 2025 to 2030, fueled by increasing energy demands from emerging markets and strategic investments in refining infrastructure. Consequently, the capacity additions of crude distillation units (CDUs) are accelerating globally, with Asia projected to lead these expansions across all regions through 2030, says GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Conventional Refineries Industry to 2030 – Capacity and Capital Expenditure Outlook with Details of All Operating and Upcoming Refineries,” reveals that Asia is likely to add CDU capacity additions of 8,874 thousand barrels per day (mbd) between 2025 and 2030, followed by the Middle East and Africa with 6,213 mbd and 5,307 mbd, respectively.

    Bhargavi Gandham, Oil and Gas Analyst at GlobalData, comments: “The increasing energy demand, driven by expanding populations and economies, especially in China, India, Pakistan, and Indonesia is anticipated to propel capacity additions in CDU across Asia.”

    India is expected to witness the highest CDU capacity additions in Asia, with 2,356 mbd capacity expected to be added by 2030. The CDU expansion project at the Vadinar refinery with a capacity of 515 mbd is the largest upcoming CDU refinery in the country in terms of capacity additions during 2025-30. It is slated to begin its operations in 2026. Other notable refineries, including Haldia III, Panipat, and Paradip, are expected to contribute significant capacity additions during the outlook period.

    GlobalData identifies China as the second highest contributor to the CDU capacity additions in Asia, approximately accounting for a quarter of the region’s capacity additions by 2030. Among the upcoming CDU projects in China, Caofeidian V leads with 401 mbd of CDU capacity to be added in 2029.

    Pakistan ranks third, contributing about 15% of the region’s total CDU capacity additions during the outlook period. The Larkana refinery leads in terms of upcoming CDU capacity with 400 mbd.

    Gandham concludes: “Several Asian nations are actively investing in the modernization and expansion of their refining infrastructure, aimed at strengthening energy security and improving refining efficiency. These initiatives are expected to drive CDU capacity additions in the region.”

    MIL OSI Economics

  • MIL-OSI China: BYD, DJI unveil intelligent vehicle-mounted drone system

    Source: China State Council Information Office

    Chinese automaker BYD and drone giant DJI have launched an intelligent vehicle-mounted drone system, aiming to transform cars into mobile entertainment and exploration platforms.

    The system, called “Lingyuan”, integrates a drone with the vehicle, offering a vertical field of view to capture travel moments in real time. It will be available across all BYD models, the company announced at a launch event on Sunday in Shenzhen, a major tech hub in southern China’s Guangdong Province.

    “Lingyuan” features a retractable car-mounted landing pad, enabling automated takeoff and landing, synchronized follow-shooting, and rapid storage and charging of the drone, according to Yang Dongsheng, BYD’s senior vice president.

    “The collaboration between BYD and DJI is far more than just placing a drone in a car,” said Wang Chuanfu, chairman and president of BYD at the launch event.

    Wang said they started from the ground up, integrating vehicle and drone technologies in a way that enhances both.

    Luo Zhenhua, president of DJI, echoed that sentiment, emphasizing that technology should not be used to create toys for the few. “It should be a tool that benefits the world,” he said, calling the partnership a breakthrough in product innovation and a re-imagination of the mobility ecosystem.

    BYD, founded in 1995 as a battery manufacturer, has been at the forefront of China’s new energy vehicle (NEV) sector. In 2024, the company saw NEV sales soar 41.26 percent year on year to over 4.27 million units.

    Established in 2006 and headquartered in Shenzhen, DJI has grown into the dominant force in the global drone industry, with its products widely used in filmmaking, agriculture, search and rescue, energy infrastructure, and more.

    MIL OSI China News

  • MIL-OSI Russia: The Polytechnic University hosted a conference of the Youth Technical Council of the RusHydro Group

    Translartion. Region: Russians Fedetion –

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

    On February 25 and 26, the RusHydro Group Youth Technical Council Conference was held at the Technopolis Polytech Research Building. Young specialists from the company’s branches and subsidiaries discussed improving work efficiency, developed plans for 2025, and communicated with experts.

    The Youth Technical Council (YTC) includes young specialists who jointly solve production, scientific, technical and scientific research tasks facing the company. The members of the council act as experts of the collegial bodies of RusHydro. This work opens access to new professional skills and contacts, which contributes to the formation of future technical leaders and key specialists of the industry.

    The first MTS conference was held in March 2024 in Moscow. At the second meeting at the Polytechnic, the participants summed up the results of MTS activities in 2024, spoke to experts in the TED format, developed proposals for the MTS Regulation, making adjustments to it for better work. Representatives of the collegial bodies, represented by the management of the production unit of the executive office of the RusHydro Group, reviewed each change. During a lively discussion, experts and young workers discussed proposals and possible formats for motivating MTS participants.

    Sergey Kondratyev, member of the board, first deputy general director and chief engineer of PJSC RusHydro, spoke at the conference. At the meeting with him, participants and experts defined the role of MTS in the system of collegial bodies of the RusHydro Group.

    In addition, several expert presentations took place. Deputy Head of the Hydrotechnical Department of JSC Lenhydroproject Konstantin Purgin made a report on the procedure for preparing an examination, issued comments, and the organization of the activities of the scientific and technical council during the examination. Head of the Standardization Department of the Technical Regulation Department of PJSC RusHydro Grigory Bondarenko presented the results of work with the NTD.

    During the discussions in the groups, the participants formed plans for work and cross-sectional interaction for 2025 and elected the chairman and secretary of the MTS.

    The final events of the conference were reference visits to enterprises in St. Petersburg and the Leningrad Region that are partners of the RusHydro Group.

    Photo archive

    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 Global: In siding with Russia over Ukraine, Trump is not putting America first. He is hastening its decline

    Source: The Conversation – Global Perspectives – By Matthew Sussex, Associate Professor (Adj), Griffith Asia Institute; and Fellow, Strategic and Defence Studies Centre, Australian National University

    Has any nation squandered its diplomatic capital, plundered its own political system, attacked its partners and supplicated itself before its far weaker enemies as rapidly and brazenly as Donald Trump’s America?

    The fiery Oval Office meeting between Trump and Ukrainian President Volodymyr Zelensky on Friday saw the American leader try to publicly humiliate the democratically elected leader of a nation that had been invaded by a rapacious and imperialistic aggressor.

    And this was all because Zelensky refused to sign an act of capitulation, criticised Putin (who has tried to have Zelensky killed on numerous occasions), and failed to bend the knee to Trump, the country’s self-described king.

    The Oval Office meeting became heated in a way that has rarely been seen between world leaders.

    What’s worse is Trump has now been around so long that his oafish behaviour has become normalised. Together with his attack dog, Vice President JD Vance, Trump has thrown the Overton window – the spectrum of subjects politically acceptable to the public – wide open.

    Previously sensible Republicans are now either cowed or co-opted. Elon Musk’s so-called Department of Government Efficiency (DOGE) is gutting America’s public service and installing toadies in place of professionals, while his social media company, X, is platforming ads from actual neo-Nazis.

    The FBI is run by Kash Patel, who hawked bogus COVID vaccine reversal therapies and wrote children’s books featuring Trump as a monarch. The agency is already busily investigating Trump’s enemies.

    The Department of Health and Human Services is helmed by Robert F. Kennedy Jr., a vaccine denier, just as Americans have begun dying from measles for the first time in a decade. And America’s health and medical research has been channelled into ideologically “approved” topics.

    At the Pentagon, in a breathtaking act of self-sabotage, Defence Secretary Pete Hegseth has ordered US Cyber Command to halt all operations targeting Russia.

    And cuts to USAID funding are destroying US soft power, creating a vacuum that will gleefully be filled by China. Other Western aid donors are likely to follow suit so they can spend more on their militaries in response to US unilateralism.

    What is Trump’s strategy?

    Trump’s wrecking ball is already having seismic global effects, mere weeks after he took office.

    The US vote against a UN General Assembly resolution condemning Russia for starting the war against Ukraine placed it in previously unthinkable company – on the side of Russia, Belarus and North Korea. Even China abstained from the vote.

    In the United Kingdom, a YouGov poll of more than 5,000 respondents found that 48% of Britons thought it was more important to support Ukraine than maintain good relations with the US. Only 20% favoured supporting America over Ukraine.

    And Trump’s bizarre suggestion that China, Russia and the US halve their respective defence budgets is certain to be interpreted as a sign of weakness rather than strength.

    The oft-used explanation for his behaviour is that it echoes the isolationism of one of his ideological idols, former US President Andrew Jackson. Trump’s aim seems to be ring-fencing American businesses with high tariffs, while attempting to split Russia away from its relationship with China.

    These arguments are both economically illiterate and geopolitically witless. Even a cursory understanding of tariffs reveals that they drive inflation because they are paid by importers who then pass the costs on to consumers. Over time, they are little more than sugar pills that turn economies diabetic, increasingly reliant on state protections from unending trade wars.

    And the “reverse Kissinger” strategy – a reference to the US role in exacerbating the Sino-Soviet split during the Cold War – is wishful thinking to the extreme.

    Putin would have to be utterly incompetent to countenance a move away from Beijing. He has invested significant time and effort to improve this relationship, believing China will be the dominant power of the 21st century.

    Putin would be even more foolish to embrace the US as a full-blown partner. That would turn Russia’s depopulated southern border with China, stretching over 4,300 kilometres, into the potential front line of a new Cold War.

    What does this mean for America’s allies?

    While Trump’s moves have undoubtedly strengthened the US’ traditional adversaries, they have also weakened and alarmed its friends.

    Put simply, no American ally – either in Europe or Asia – can now have confidence Washington will honour its security commitments. This was brought starkly home to NATO members at the Munich Security Conference in February, where US representatives informed a stunned audience that America may no longer view itself as the main guarantor of European security.

    Vice President JD Vance delivers a strong message to European leaders.

    The swiftness of US disengagement means European countries must not only muster the will and means to arm themselves quickly, but also take the lead in collectively providing for Ukraine’s security.

    Whether they can do so remains unclear. Europe’s history of inaction does not bode well.

    US allies also face choices in Asia. Japan and South Korea will now be seriously considering all options – potentially even nuclear weapons – to deter an emboldened China.

    There are worries in Australia, as well. Can it pretend nothing has changed and hope the situation will then normalise after the next US presidential election?

    The future of AUKUS, the deal to purchase (and then co-design) US nuclear powered submarines, is particularly uncertain.

    Does it make strategic sense to pursue full integration with the US military when the White House could just treat Taipei, Tokyo, Seoul and Canberra with the same indifference it has displayed towards its friends in Europe?

    Ultimately, the chaos Trump 2.0 has unleashed in such a short amount of time is both unprecedented and bewildering. In seeking to put “America First”, Trump is perversely hastening its decline. He is leaving America isolated and untrusted by its closest friends.

    And, in doing so, the world’s most powerful nation has also made the world a more dangerous, uncertain and ultimately an uglier place to be.

    Matthew Sussex has received funding from the Australian Research Council, the Atlantic Council, the Fulbright Foundation, the Carnegie Foundation, the Lowy Institute and various Australian government departments and agencies.

    ref. In siding with Russia over Ukraine, Trump is not putting America first. He is hastening its decline – https://theconversation.com/in-siding-with-russia-over-ukraine-trump-is-not-putting-america-first-he-is-hastening-its-decline-251140

    MIL OSI – Global Reports

  • MIL-OSI Global: From the fashion to the speeches to the music, this was an Oscars of few surprises. 5 experts break it down

    Source: The Conversation – Global Perspectives – By Harriette Richards, Senior Lecturer, School of Fashion and Textiles, RMIT University

    In a year with few surprises in the awards categories, there was also a dearth of surprises on the red carpet. The sartorial themes included sparkling metallics, coloured menswear and bows, bows and more bows.

    Metallic gowns that resemble the Oscar statue are a familiar sight at the Academy Awards and this year was no different. Some of the standouts included best actress nominee Demi Moore in a magnificently glittering silver Armani Privé gown, Selena Gomez in custom Ralph Lauren encrusted with 16,000 individual blush-toned jewel teardrops, and Emma Stone in a minimalist Louis Vuitton sheath covered in iridescent fish scales.

    In the menswear category, tuxedos reign supreme. This year was notable only for the diversity of colours in which these suits came.

    Best actor nominee Timothée Chalamet lived up to his reputation for monochrome, richly hued ensembles in a custom butter yellow leather suit by Givenchy, paired with a matching silk shirt and delicate neck brooch in place of a tie. His best actor nominated compatriot, Colman Domingo (one of the best dressed men in Hollywood) was pristine in a double-breasted red silk jacket with black lapels, black trousers and matching red shirt by Valentino, similarly eschewing a tie in favour of a fine gold brooch. Andrew Garfield wore louche chocolate brown Gucci and Jeremy Strong wore a suit by Loro Piana in an unusual tone of olive green.

    Bows of varying size and stature were perhaps the strongest theme of the night.

    Best actress winner Mikey Madison in black and pink Dior, best supporting actress nominee Felicity Jones in shimmering liquid silver Armani, Elle Fanning in white and black Givenchy and Lupita Nyong’o in white Chanel were all adorned with bows at their waists.

    The most remarkable bow of the night though was best actress nominee Cynthia Erivo in a structured deep emerald-green velvet Louis Vuitton gown, the broad, wing-like sleeves of which were crafted as a bow.

    Notable mentions must also go to those attendees who do not fit neatly into any thematic category. Best supporting actress nominee Ariana Grande wore a meticulously crafted pale pink Schiaparelli confection and Lisa (of Blackpink and now White Lotus fame) perfected a feminine take on masculine suiting in a tuxedo dress by Markgong.

    The only real surprise was the lack of political statements on display. Unlike recent years, when pins and ribbons in support of Ukraine and Palestine were widely worn, this year only Guy Pearce was spotted wearing a Free Palestine pin, Conclave writer Peter Straughan wore a Ukrainian flag pin and Kayo Shekoni had “free Congo” emblazoned on the sole of her high heels.

    Harriette Richards

    The best picture: Anora

    And the best picture Oscar goes to … Anora – the film that was favoured to win, so no surprises here.

    Though he had been working for more than a decade at the time, writer-director-editor Sean Baker came onto the independent movie scene with a bang with 2015’s Tangerine, a gimmicky film that was mainly celebrated for being shot on an iPhone. Why this would be celebrated is anyone’s guess. I suspect it’s because of the “I could do it too” factor – something the average person certainly couldn’t say if we’re talking 35mm celluloid.

    Since then, Baker’s films have relished in embracing the digital, neon world, but always in a kind of sentimental and shallow, rather than critical, register. None of his films are awful – and maybe that’s saying something in this day and age. Anora also is not awful, but it’s not particularly memorable either.

    Anora follows a run of the mill American dream-type story about a hard-working stripper who seems to strike fairytale gold when a young, fun Russian oligarch falls in love with her. Only the dream turns out to be more of a nightmare (kind of) when things don’t quite work out and the film ends with the titular character once again independent and free.

    The idea of undercutting the fairytale setup of the typical rom-com is not at all original, and the film strikes me as even more schmaltzy in its rejection of the fairytale dream than if it had embraced it and played like a tween-focused Nickelodeon film (it’s about as poignant as this).

    The film’s cardinal sin, however – and it’s certainly not alone in this – is its critical overlength. Each of the film’s sections could have had some 20 minutes cut and we would have had an enjoyably tight romp at 80 minutes. Instead, Anora drags on, swept up in its imagining of its own profundity – at times pretentious, but mainly tedious.

    Ari Mattes

    Not the year to stick a neck out

    The speeches this year were conspicuously meek. No announcer majorly insulted anyone else. No winner assaulted anyone else. Even the James Bond retrospective lacked energy. What’s going on in Hollywood?

    There are clues that help explain this curious flatness. Host Conan O’Brien mentioned the pressure of “divisive politics” while reflecting on California’s wildfires. Several winners spoke about the importance of shared experience, of what unites us, of film as a medium that brings people together, a force for “good and progress in the world” and “a reminder not to let hate go unchecked”.

    The directors of No Other Land, receiving their Oscar for best documentary, shared the one clear critical voice. Palestinian Basel Adra wished his newborn daughter a life without the fear that governs daily life in his homeland. Israeli co-director Yuval Abraham agreed: “There is another way. It’s not too late for life and for the living. There is no other way.”

    However, that was the only moment people at the Oscars seemed willing to confront the political elephant in the room.

    Anora director Sean Baker used his last (of four!) acceptance speeches to compel more people to help keep cinema doors open. He made his point passionately: this was the best way to sustain an industry that could continue to make brilliant movies. That said, the most emotive speeches of past Oscars events went much further than just commenting on the bread and butter concerns of the film industry.

    This year, there were more clues in what people did not say. There were feints at Russian dictators – but nobody mentioned the war in Ukraine. There was no discussion of a certain election result, nor of filmmakers’ fears that Washington is now in the control of a governing faction that loathes them. Most revealing of all: nobody raised a peep about the President or his friends.

    Hollywood’s collective discipline was on show tonight – and 2025 is not the year to stick a neck out.

    Tom Clark

    A banner year for independent film

    Independent films were the big winners for this year’s Oscars. While many of the technical awards went to the big budget films, such as Wicked (the US$145 million film won costume design and production design) and Dune: Part 2 (made at a budget of US$190 million, and winning sound and visual effects), the night’s major awards went to small productions.

    While the definitions of “independence” and “studio” films don’t exist in a neat binary when it comes to production and global distribution, we can distinguish between film juggernauts and smaller films.

    Three independent films won significant awards that are of note. Latvian film Flow was the first independent film to win best animated feature, up against major films Inside Out 2 (Pixar Films) and The Wild Robot (DreamWorks).

    The film follows a cat, a dog, a capybara, a secretary bird and a ring-tailed lemur navigating a post-apocalyptic world with rising sea levels. The film also only used free and open-source software Blender and mostly used sounds from real world counterparts of the various characters. It was made for a budget of just €3.5 million (A$5.9 million).

    The best documentary film nominees were dominated by independent films. Notably, the winner No Other Land has sadly been unable to find a distributor to release the film in the United States. (It is available for streaming in Australia on DocPlay, and in select cinemas.) The film was only eligible because the Film Lincoln Centre in New York facilitated a one-week, qualifying theatrical run.

    The night’s top glories went to Anora, made on a budget of just US$6 million (A$9.7 million) and taking home the awards for best film, director, actress, screenplay and editing.

    In his acceptance speech for best director, Sean Baker spoke of the importance of films getting a theatrical release. Films, he said, are about humanity – and that is best experienced in watching a film with other people.

    During awards season, Baker has often spoken about the importance of small budget films in the expression of core human experiences.

    The final message of the night went to Baker when he thanked the Academy for recognising a truly independent film: “Long live independent film!”

    Indeed, independent films ruled this year’s Oscars.

    Stuart Richards

    Best actor and actress

    Mikey Madison, who won the best actress award for Anora, is quite good in the role. That said, it’s difficult to evaluate her performance in such a meandering film.

    She tries hard playing a stripper who falls for Prince Charming – a Russian oligarch (Hollywood’s anti-Russian sentiment has certainly grown in recent years) who turns out to be a bit of a weakling with meanie parents. But Madison never really convincingly embodies the character, and we’re ever aware as we watch the film that she’s an actress working her way through relevant emotions and intensities.

    That said, Madison is good at yelling and stripping, and this is the main way she shows her chops here. She screamed well in Once Upon a Time… in Hollywood (2019), too. The bar this year was admittedly pretty low, and truth be told Madison’s performance in Anora (aside from Fernanda Torres for I’m Still Here) is probably the best out of the nominees.

    In contrast, Adrien Brody, who won the best actor award, is absolutely unforgettable in the flawed but magnificent The Brutalist – the best he’s been since The Pianist, and the deserved winner by a mile out of a similarly mediocre field. Brody is simply a pleasure to watch, and drives, in a wholly embodied way, this grandiose and exceedingly long film (the fact it doesn’t feel long is largely due to his magnetism).

    The screenplay, in which the character comes across as a combination of arrogant, sweet and at times comedic, allows Brody to display the full range of his talent, and he plays the whole thing with an endearing vulnerability. But, again, it’s unfair to compare Brody and Madison – The Brutalist is a spectacularly accomplished cinematic epic, while Anora feels as stylish and profound as a social media video (I know that’s the point, but that doesn’t make it any more compelling).

    Ari Mattes

    A lacklustre year for music

    This was a strong year for music-based films, with three of the most nominated ones being musicals of various types: the big-budget Broadway adaptation Wicked, the original film musical Emilia Pérez, and the musician biopic A Complete Unknown.

    The music of the ceremony itself was nicely assembled, with a live orchestra (conducted by Michael Bearden) accompanying proceedings from above the stage.

    But the show was marred by an absence: the best song nominations were not performed live. The new songs this year were so bland, however – especially when compared to the Wicked score and Bob Dylan – that I can hardly blame the producers. The nominations included a dull Elton John song, some soft guitar rock from Sing Sing, Diane Warren’s 16th (!) nominated song (more soft rock), and two forgettable songs from Emilia Pérez (one of which, El Mal, was the winner).

    So little faith did the Academy have in the songs that only a few seconds were played from each, mostly covered by a montage of interviews with the songwriters.

    This year’s nominated best scores were not much more memorable, but Daniel Blumberg deserved his win for The Brutalist. It demonstrates a high level of composition and orchestration craft. It uses edgy instrumental textures to increase the feelings of uncertainty and imbalance that the film imparts.

    The show included a lot of Wizard of Oz. Ariana Grande sang Over the Rainbow from the 1939 film and Cynthia Erivo sang Home from The Wiz, the 1974 soul musical based on the book. Then they performed Defying Gravity from Wicked together.

    Another subtle Wizard of Oz nod was the music played during the commercial breaks: a loop based on Brand New Day from The Wiz, whose 1979 film version had its music produced by the late Quincy Jones. Queen Latifah and backup dancers brought some much needed energy to the last hour of the ceremony with Ease on Down the Road, also from The Wiz, as part of a Jones tribute.

    One surprise was an unnecessary but enjoyable James Bond sequence featuring Margaret Qualley dancing to John Barry’s famous theme, a performance of Live and Let Die by K-pop star Lisa, Doja Cat singing Diamonds Are Forever, and Raye’s rendition of Skyfall.

    This plus the various numbers from the Oz Musical Universe only highlighted how lacklustre this year’s nominated music was.

    Gregory Camp

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. From the fashion to the speeches to the music, this was an Oscars of few surprises. 5 experts break it down – https://theconversation.com/from-the-fashion-to-the-speeches-to-the-music-this-was-an-oscars-of-few-surprises-5-experts-break-it-down-251264

    MIL OSI – Global Reports

  • MIL-OSI: Alm. Brand A/S share buy-back program is concluded – transactions week 9

    Source: GlobeNewswire (MIL-OSI)

    Alm. Brand A/S share buy-back program is concluded – transactions week 9

    On 6 February 2025, Alm. Brand A/S announced a share buy-back program of up to DKK 52.2 million, as described in company announcement no. 10/2025.

    The share buy-back program is now concluded, during which 3,335,000 own shares were purchased with a transaction value of approximately 52.2 million DKK.

    The program was carried out in accordance with the Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour Regulations.

    The following transactions were made under the share buy-back program during week number 9:

      Number of shares bought Average

    purchase price

    Amount (DKK)
    Accumulated, last announcement 2,510,000 15.59 39,121,000
    24 February 2025 210,000 15.55 3,265,500
    25 February 2025 220,000 15.77 3,469,400
    26 February 2025 140,000 15.94 2,231,600
    27 February 2025 130,000 16.07 2,089,100
    28 February 2025 125,000 16.18 2,022,500
    Total, week number 9 825,000 15.85 13,078,100
    Accumulated under the program 3,335,000 15.65 52,199,100

    With the transactions stated above Alm. Brand A/S holds a total of 46,069,925 own shares corresponding to 2.99 % of the total number of outstanding shares.

    Contact
    Please direct any questions regarding this announcement to:

            

    Head of IR, Rating and ESG reporting        
    Mads Thinggaard                 
    Mobile no. +45 2025 5469                

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  • MIL-OSI: Share repurchase programme: Transactions in week 9 2025

    Source: GlobeNewswire (MIL-OSI)

    The share repurchase programme runs as from 26 February 2025 and up to and including 30 January 2026 at the latest. In this period, Jyske Bank will acquire shares with a value of up to DKK 2.25 billion, cf. Corporate Announcement No. 3/2025 of 26 February 2025. The share repurchase programme is initiated and structured in compliance with the EU Commission Regulation No. 596/2014 of 16 April 2014, the so-called “Market Abuse Regulation”, and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

    The following transactions have been made under the program:

      Number of
    shares
    Average purchase
    price (DKK)
    Transaction
    value (DKK)
    26 February 2025 4,000 584.36 2,337,442
    27 February 2025 4,000 581.56 2,326,251
    28 February 2025 4,000 579.18 2,316,732
    Accumulated under the programme 12,000 581.70 6,980,425

    Following settlement of the transactions stated above, Jyske Bank will own a total of 2,777,118 of treasury shares, excluding investments made on behalf of customers and shares held for trading purposes, corresponding to 4.32% of the share capital.

    Attached to this corporate announcement, aggregated details on the transactions related to the share repurchase programme are shown by venue.
                                                             
    Yours faithfully,
    Jyske Bank

    Contact: Birger Krøgh Nielsen, CFO, tel. +45 89 89 64 44.

    Attachment

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