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Category: Business

  • MIL-OSI Asia-Pac: INVESTMENT AND TURNOVER LIMITS FOR CLASSIFICATION OF ALL MSMEs TO BE ENHANCED TO 2.5 AND 2 TIMES RESPECTIVELY

    Source: Government of India (2)

    INVESTMENT AND TURNOVER LIMITS FOR CLASSIFICATION OF ALL MSMEs TO BE ENHANCED TO 2.5 AND 2 TIMES RESPECTIVELY

    CREDIT GUARANTEE COVER FOR MICRO AND SMALL ENTERPRISES ENHANCED FROM 5 CRORE TO 10 CRORE

    10 LAKH CUSTOMIZED CREDIT CARDS WITH A 5 LAKH LIMIT FOR MICRO ENTERPRISES REGISTERED ON UDYAM PORTAL TO BE INTRODUCED IN THE FIRST YEAR

    NEW FUND OF FUNDS of Rs. 10,000 CRORE TO BE SET UP FOR START-UPS

    A NEW SCHEME TO PROVIDE LOANS UP TO 2 CRORE DURING THE NEXT 5 YEARS FOR 5 LAKH WOMEN, SCHEDULED CASTES AND SCHEDULED TRIBES FIRST-TIME ENTREPRENEURS TO BE LAUNCHED

    EXPORT PROMOTION MISSION TO FACILITATE EASY ACCESS TO EXPORT CREDIT AND SUPPORT MSMEs TO TACKLE NON-TARIFF MEASURES IN OVERSEAS MARKETS ANNOUNCED

    Posted On: 01 FEB 2025 1:17PM by PIB Delhi

    The Union Budget 2025-26 sees the next five years as a unique opportunity to realize ‘Sabka Vikas’, stimulating balanced growth of all regions and achieving the goal of Viksit Bharat.

    The Union Budget defines MSMEs as one of the powerful engines for the story of development and the proposed development measures supports MSMEs to accelerate growth and secure inclusive development.

    Revision in classification criteria for MSMEs

    While presenting the Union Budget 2025-26 in Parliament today, the Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman said “To help MSMEs achieve higher efficiencies of scale, technological upgradation and better access to capital, the investment and turnover limits for classification of all MSMEs will be enhanced to 2.5 and 2 times respectively.” The details are in Figure 1.

    She further said that this will give them the confidence to grow and generate employment for our youth.

    Rs. in Crore

    Investment

    Turnover

     

    Current

    Revised

    Current

    Revised

    Micro Enterprises

    1

    2.5

    5

    10

    Small Enterprises

    10

    25

    50

    100

    Medium Enterprises

    50

    125

    250

    500

    (Figure 1)

     

    Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman stated that currently, over 1 crore registered MSMEs, employing 7.5 crore people, and generating 36 per cent of our manufacturing, have come together to position India as a global manufacturing hub.  She also remarked “With their quality products, these MSMEs are responsible for 45 per cent of our exports.”  

    Significant enhancement of credit availability with guarantee cover

    Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman said that to improve access to credit, the credit guarantee cover will be enhanced:

    a) For Micro and Small Enterprises, from 5 crore to 10 crore, leading to additional credit of  1.5 lakh crore in the next 5 years;

    b) For Startups, from 10 crore to 20 crore, with the guarantee fee being moderated to 1 per cent for loans in 27 focus sectors important for Atmanirbhar Bharat; and

    c) For well-run exporter MSMEs, for term loans up to 20 crore.

    Credit Cards for Micro Enterprises

    Union Minister Smt. Nirmala Sitharaman announced that customized Credit Cards with a 5 lakh limit for micro enterprises registered on Udyam portal will be introduced. She further remarked that in the first year, 10 lakh such cards will be issued.

    Fund of Funds for Startups

    In her Budget speech, Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman said, “The Alternate Investment Funds (AIFs) for startups have received commitments of more than 91,000 crore. These are supported by the Fund of Funds set up with a Government contribution of 10,000 crore.” She announced that now, a new Fund of Funds, with expanded scope and a fresh contribution of another 10,000 crore will be set up.

    Scheme for First-time Entrepreneurs

    Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman announced that a new scheme will be launched for 5 lakh women, Scheduled Castes and Scheduled Tribes first-time entrepreneurs. She informed that this will provide term loans up to 2 crore during the next 5 years. In her speech she said, “The scheme will incorporate lessons from the successful Stand-Up India scheme. Online capacity building for entrepreneurship and managerial skills will also be organized.”

    Deep Tech Fund of Funds

    Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman informed that a Deep Tech Fund of Funds will also be explored to catalyze the next generation startups as a part of this initiative.

    Export Promotion Mission

    Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman stated that an Export Promotion Mission, with sectoral and ministerial targets, driven jointly by the Ministries of Commerce, MSME, and Finance will be set up. She also informed that the Mission will facilitate easy access to export credit, cross-border factoring support, and support to MSMEs to tackle non-tariff measures in overseas markets.

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  • MIL-OSI Asia-Pac: ‘BHARATTRADENET’ FOR INTERNATIONAL TRADE TO BE SET-UP AS A UNIFIED PLATFORM FOR TRADE DOCUMENTATION AND FINANCING SOLUTIONS: UNION BUDGET 2025-26

    Source: Government of India (2)

    ‘BHARATTRADENET’ FOR INTERNATIONAL TRADE TO BE SET-UP AS A UNIFIED PLATFORM FOR TRADE DOCUMENTATION AND FINANCING SOLUTIONS: UNION BUDGET 2025-26

    DOMESTIC MANUFACTURING CAPACITIES TO BE AUGMENTED FOR INTEGRATING INDIAN ECONOMY WITH GLOBAL SUPPLY CHAINS

    GOVERNMENT WILL SUPPORT THE DOMESTIC ELECTRONIC EQUIPMENT INDUSTRY TO LEVERAGE THE OPPORTUNITY OF INDUSTRY 4.0

    NATIONAL FRAMEWORK FOR STATES TO BE FORMULATED FOR PROMOTING GLOBAL CAPABILITY CENTRES IN EMERGING TIER 2 CITIES

    Posted On: 01 FEB 2025 1:15PM by PIB Delhi

    In our journey of realizing ‘Sabka Vikas’ by stimulating balanced growth of all regions, Exports have been reckoned as one of the powerful engines of India’s growth story. The Union Budget 2025-26 tabled in Parliament today by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, aims to initiate transformative reforms in domestic manufacturing and integrating India’s economy with global supply chains.

    BharatTradeNet

    A digital public infrastructure, ‘BharatTradeNet’ (BTN) for international trade has been proposed to be set-up as a unified platform for trade documentation and financing solutions. In the budget speech Smt. Sitharaman stated that, “BTN will complement the Unified Logistics Interface Platform and will be aligned with international practices”.

    Integrating India’s Economy with Global Supply Chains

    The Finance Minister announced in the Union Budget 2025-26 that support will be provided to develop domestic manufacturing capacities for integrating Indian economy with global supply chains. In this direction, the sectors will be identified based on an objective criteria.

    It is also proposed that facilitation groups with participation of senior officers and industry representatives be formed for select products and supply chains.

    Smt. Nirmala Sitharaman highlighted that the youth of India have both high skills and talent which are required for capitalizing on the opportunities related to Industry 4.0. “Our Government will support the domestic electronic equipment industry to leverage this opportunity for the benefit of the youth”, she added.

    National Framework for GCC

    It has been proposed in the Union Budget 2025-26 that a National Framework will be formulated as guidance to states for promoting Global Capability Centres in emerging tier 2 cities. This will suggest 16 measures for enhancing availability of talent and infrastructure, building-byelaw reforms, and mechanisms for collaboration with industry.

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: ` 1 LAKH CRORE URBAN CHALLENGE FUND TO IMPLEMENT ‘CITIES AS GROWTH HUBS’

    Source: Government of India (2)

    ` 1 LAKH CRORE URBAN CHALLENGE FUND TO IMPLEMENT ‘CITIES AS GROWTH HUBS’

    NATIONAL GEOSPATIAL MISSION TO DEVELOP FOUNDATIONAL GEOSPATIAL INFRASTRUCTURE AND DATA

    GIG WORKERS TO GET IDENTITY CARDS AND REGISTRATION ON THE E-SHRAM PORTAL

    GIG-WORKERS WILL BE PROVIDED HEALTHCARE UNDER PM JAN AROGYA YOJANA, NEARLY 1 CRORE TO GET ASSISTED

    UPI LINKED CREDIT CARDS WITH ` 30,000 LIMIT UNDER PM SVANIDHI SCHEME

    Posted On: 01 FEB 2025 1:13PM by PIB Delhi

    Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while presenting the Budget 2025-2026 in the Parliament today said that the Government will set up an Urban Challenge Fund of ` 1 lakh crore to implement the proposals for ‘Cities as Growth Hubs’, ‘Creative Redevelopment of Cities’ and ‘Water and Sanitation’ announced in the July Budget.

    She further added this fund will finance up to 25 per cent of the cost of bankable projects with a stipulation that at least 50 per cent of the cost is funded from bonds, bank loans, and PPPs. An allocation of  ` 10,000 crore is proposed for 2025-26.

    The Budget has proposed that a National Geospatial Mission will be started to develop foundational geospatial infrastructure and data. Using PM Gati Shakti, this Mission will facilitate modernization of land records, urban planning, and design of infrastructure projects.

    Smt. Sitharaman said that the Government has been giving priority to assisting urban poor and vulnerable groups. A scheme for socio-economic upliftment of urban workers will be implemented to help them improve their incomes, have sustainable livelihoods and a better quality of life.

    Gig workers of online platforms provide great dynamism to the new-age services economy. Recognising their contribution, our Government will arrange for their identity cards and registration on the e-Shram portal. They will be provided healthcare under PM Jan Arogya Yojana. This measure is likely to assist nearly 1 crore gig-workers.

    Finance Minister highlighted that the PM SVANidhi scheme has benefitted more than 68 lakh street vendors giving them respite from high-interest informal sector loans. Building on this success, the scheme will be revamped with enhanced loans from banks, UPI linked credit cards with ` 30,000 limit, and capacity building support.

    She highlighted that Under the Special Window for Affordable and Mid-Income Housing (SWAMIH) fifty thousand dwelling units in stressed housing projects have been completed, and keys handed over to home-buyers. Another forty thousand units will be completed in 2025, further helping middle-class families who were paying EMIs on loans taken for apartments, while also paying rent for their current dwellings.

    Building on this success, SWAMIH Fund 2 will be established as a blended finance facility with contribution from the Government, banks and private investors. This fund of ` 15,000 crore will aim for expeditious completion of another 1 lakh units.

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  • MIL-OSI Asia-Pac: UNION BUDGET 2025-26: BOOST TO SHIPPING AND AVIATION SECTOR

    Source: Government of India (2)

    UNION BUDGET 2025-26: BOOST TO SHIPPING AND AVIATION SECTOR

    MARITIME DEVELOPMENT FUND OF Rs 25,000 CRORE PROPOSED

    MODIFIED UDAN SCHEME TO CONNECT 120 NEW DESTINATIONS AND CARRY 4 CRORE PASSENGERS IN NEXT 10 YEARS

    GREENFIELD AIRPORTS AND WESTERN KOSHI CANAL PROJECT FOR BIHAR

    Posted On: 01 FEB 2025 1:11PM by PIB Delhi

    For long-term financing for the maritime industry, the Union Finance Minister Smt. Nirmala Sitharaman has proposed to set up a Maritime Development Fund with a corpus of Rs 25,000 crore. Announcing this in her budget speech in the Parliament today, the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman said that this corpus will be for distributed support and promoting competition in the maritime industry. The fund will have up to 49 per cent contribution by the Government, and the balance will be mobilized from ports and private sector.

    The Finance Minister stated that the Shipbuilding Financial Assistance Policy will be revamped to address cost disadvantages, which will also include Credit Notes for shipbreaking in Indian yards to promote the circular economy. Further, the large ships above a specified size are also proposed to be included in the infrastructure harmonized master list (HML). The Union Budget also proposes to facilitate ‘Shipbuilding Clusters’ in order to increase the range, categories and capacity of ships. This will include additional infrastructure facilities, skilling and technology to develop the entire ecosystem. Acknowledging that the shipbuilding has a long gestation period, the Finance Minister proposed to continue the exemption of Basic Customs Duty on raw materials, components, consumables or parts for the manufacture of ships for another ten years. She further proposed the same dispensation for ship breaking to make it more competitive.

    Praising the Regional Connectivity Scheme UDAN, Smt. Nirmala Sitharaman said in her speech that UDAN has enabled 1.5 crore middle-class people to meet their aspirations for speedier travel. The scheme has connected 88 airports and operationalized 619 routes. Inspired by that success, a modified UDAN scheme which will be launched to enhance regional connectivity to 120 new destinations and carry 4 crore passengers in the next 10 years and this scheme will also support helipads and smaller airports in hilly, aspirational, and North East region districts, stated the Finance Minister. She also informed the house that the government will facilitate upgradation of infrastructure and warehousing for air cargo including high value perishable horticulture produce. Cargo screening and customs protocols will also be streamlined and made user-friendly.

    Giving infrastructure fillip to the state of Bihar, the Union Finance Minster proposed that the Greenfield airports will be facilitated in Bihar to meet the future needs of the State. These will be in addition to the expansion of the capacity of Patna airport and a brownfield airport at Bihta. Financial support will also be provided for the Western Koshi Canal ERM Project benefitting a large number of farmers cultivating over 50,000 hectares of land in the Mithilanchal region of Bihar.

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  • MIL-OSI Asia-Pac: 50,000 ATAL TINKERING LABS IN GOVERNMENT SCHOOLS IN NEXT 5 YEARS

    Source: Government of India (2)

    50,000 ATAL TINKERING LABS IN GOVERNMENT SCHOOLS IN NEXT 5 YEARS

    BHARATIYA BHASHA PUSTAK SCHEME TO PROVIDE DIGITAL-FORM INDIAN LANGUAGE BOOKS

    ALLOCATION OF RS 20,000 CRORE TO IMPLEMENT PRIVATE SECTOR DRIVEN RESEARCH, DEVELOPMENT AND INNOVATION

    PROVISION OF 10,000 FELLOWSHIPS FOR TECHNOLOGICAL RESEARCH IN IITs AND IISC UNDER PM RESEARCH FELLOWSHIP SCHEME

    5 NATIONAL CENTRES OF EXCELLENCE FOR SKILLING TO EQUIP YOUTH FOR “MAKE FOR INDIA, MAKE FOR THE WORLD” MANUFACTURING

    CENTRE OF EXCELLENCE IN ARTIFICIAL INTELLIGENCE FOR EDUCATION WITH TOTAL OUTLAY OF RS 500 CRORE

    Posted On: 01 FEB 2025 1:09PM by PIB Delhi

    While presenting the Union Budget 2025-26 in the Parliament today, the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman proposed various development measures for nurturing innovation.

    The Union Finance Minister announced to set up Fifty thousand Atal Tinkering Labs in Government schools in next 5 years to cultivate the spirit of curiosity and innovation, and foster a scientific temper among young minds. The Union Budget also proposes to provide Broadband connectivity to all Government secondary schools and primary health centres in rural areas under the Bharatnet project.

    On higher education, the Union Budget 2025-26 states that total number of students in 23 IITs has increased 100 per cent from 65,000 to 1.35 lakh in the past 10 years. Additional infrastructure will be created in the 5 IITs started after 2014 to facilitate education for 6,500 more students. Hostel and other infrastructure capacity at IIT, Patna will also be expanded.

    With the aim to help students understand their subjects better, Smt. Nirmala Sitharaman has proposed to implement a Bharatiya Bhasha Pustak Scheme to provide digital-form Indian language books for school and higher education.

    The Union Finance Minister also announced to set up five National Centres of Excellence for skilling with global expertise and partnerships to equip youth with the skills required for “Make for India, Make for the World” manufacturing. The partnerships will cover curriculum design, training of trainers, a skills certification framework, and periodic reviews.

    The Union Budget also announced to set up a Centre of Excellence in Artificial Intelligence for education with a total outlay of Rs 500 crore.

    While presenting the Budget, Smt. Nirmala Sitharaman announced to allocate Rs 20,000 crore to implement private sector driven Research, Development and Innovation. In the next five years, under the PM Research Fellowship scheme, provision of ten thousand fellowships for technological research in IITs and IISc with enhanced financial support is also proposed in the Budget.

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  • MIL-OSI Asia-Pac: ENHANCED NUTRITIONAL SUPPORT UNDER SAKSHAM ANGANWADI AND POSHAN 2.0 PROGRAMME

    Source: Government of India (2)

    ENHANCED NUTRITIONAL SUPPORT UNDER SAKSHAM ANGANWADI AND POSHAN 2.0 PROGRAMME

    DAY CARE CANCER CENTRES TO BE SET UP IN ALL DISTRICT HOSPITALS; 200 CENTRES TO BE SET UP IN 2025-26

    MEDICAL TOURISM AND HEAL IN INDIA TO BE PROMOTED IN PARTNERSHIP WITH PRIVATE SECTOR

    36 LIFESAVING DRUGS AND MEDICINES FULLY EXEMPTED FROM BASIC CUSTOMS DUTY

    Posted On: 01 FEB 2025 1:07PM by PIB Delhi

    Investment is the 3rd engine of development encompassing investing in people, investing in the economy and investing in innovation, said the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman while presenting the Union Budget 2025-26 in the Parliament today.

    As part of investing in people, the Union Budget 2025-26 proposes to enhance the cost norms for the nutritional support under Saksham Anganwadi and Poshan 2.0 programme. The programme provides nutritional support to more than 8 crore children, 1 crore pregnant women and lactating mothers all over the country, and about 20 lakh adolescent girls in aspirational districts and the north-east region.

    The Union Finance Minister, in her Budget Speech, announced to facilitate setting up of Day Care Cancer Centres in all district hospitals in the next 3 years. 200 Centres will be established in 2025-26. The Budget also highlights that in the next year, 10,000 additional seats will be added in medical colleges and hospitals, towards the goal of adding 75,000 seats in the next 5 years.

    The Finance Minister informed that the Medical Tourism and Heal in India will be promoted in partnership with the private sector along with capacity building and easier visa norms.

    Relief on import of Drugs/Medicines

    To provide relief to patients, particularly those suffering from cancer, rare diseases and other severe chronic diseases, the Union Finance Minister has proposed to add 36 lifesaving drugs and medicines to the list of medicines fully exempted from Basic Customs Duty (BCD).

    The Finance Minister also proposed to add 6 lifesaving medicines to the list attracting concessional customs duty of 5%. Full exemption and concessional duty will also respectively apply on the bulk drugs for manufacture of the above.

    The Budget also specified that drugs and medicines under Patient Assistance Programmes run by pharmaceutical companies are fully exempt from BCD, provided the medicines are supplied free of cost to patients. Budget proposes to add 37 more medicines along with 13 new patient assistance programmes.

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  • MIL-OSI Asia-Pac: AS PART OF 3RD ENGINE OF INVESTMENT IN ECONOMY, UNION FINANCE MINISTER PROPOSES MULTI-SECTORAL REFORMS IN PUBLIC PRIVATE PARTNERSHIPS, SUPPORT TO STATES, ASSET MONETISATION, MINING, AND DOMESTIC MANUFACTURING

    Source: Government of India (2)

    AS PART OF 3RD ENGINE OF INVESTMENT IN ECONOMY, UNION FINANCE MINISTER PROPOSES MULTI-SECTORAL REFORMS IN PUBLIC PRIVATE PARTNERSHIPS, SUPPORT TO STATES, ASSET MONETISATION, MINING, AND DOMESTIC MANUFACTURING

    UNION BUDGET 2025-26 PROPOSES TO FULLY EXEMPT COBALT POWDER AND WASTE, SCRAP OF LITHIUM-ION BATTERY, LEAD, ZINC AND 12 MORE CRITICAL MINERALS

    Posted On: 01 FEB 2025 1:06PM by PIB Delhi

    As part of the 3rd engine of investment in economy, Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman proposed multi-sectoral reforms encompassing Public Private Partnerships, support to States, Asset Monetisation Plan for 2025-2030, mining sector, and support to domestic manufacturing, while presenting the Union Budget 2025-26 in Parliament, today.

    Public Private Partnership in Infrastructure

    Smt. Sitharaman proposed that each infrastructure-related ministry will come up with a 3-year pipeline of projects that can be implemented in PPP mode, and States will also be encouraged to initiate and seek support from the India Infrastructure Project Development Fund (IIPDF) scheme to prepare PPP proposals.

    Support to States for Infrastructure

    The Union Finance Minister proposed an outlay of ₹1.5 lakh crore for the 50-year interest free loans to states for capital expenditure and incentives for reforms.

    Asset Monetisation Plan 2025-30

    Building on the success of the first Asset Monetisation Plan announced in 2021, Smt. Sitharaman proposed to launch the Second Plan for 2025-30 to plough back capital of ₹10 lakh crore in new projects with fine-tuning of the regulatory and fiscal measures to support the Plan.

    Mining Sector Reforms

    The Union Finance Minister proposed mining sector reforms, including those for minor minerals, through sharing of best practices and institution of a State Mining Index.

    PM Gati Shakti Data for Private Sector

    Smt. Sitharaman proposed to provide access to relevant data and maps from the PM Gati Shakti portal for furthering PPPs and assisting the private sector in project planning.

    Support to Domestic Manufacturing and Value addition Critical Minerals

    The Union Finance Minister proposed to fully exempt cobalt powder and waste, the scrap of lithium-ion battery, Lead, Zinc and 12 more critical minerals to secure their availability for manufacturing in India and promote more jobs for India’s youth.

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  • MIL-OSI Asia-Pac: A HIGH-LEVEL COMMITTEE FOR REGULATORY REFORMS TO BE SET UP FOR REVIEW OF ALL NON-FINANCIAL SECTOR REGULATIONS, CERTIFICATIONS, LICENSES, AND PERMISSIONS

    Source: Government of India (2)

    A HIGH-LEVEL COMMITTEE FOR REGULATORY REFORMS TO BE SET UP FOR REVIEW OF ALL NON-FINANCIAL SECTOR REGULATIONS, CERTIFICATIONS, LICENSES, AND PERMISSIONS

    GOVERNMENT TO LAUNCH AN INVESTMENT FRIENDLINESS INDEX OF STATES IN 2025

    JAN VISHWAS BILL 2.0 TO BE BROUGHT TO DECRIMINALIZE MORE THAN 100 PROVISIONS IN VARIOUS LAWS

    Posted On: 01 FEB 2025 1:04PM by PIB Delhi

    The Union Finance & Corporate Affairs Minister presented the Union Budget 2025-26 in the Parliament today.

    Regulatory Reforms

    In her Budget speech, the Union Finance Minister said that the Government is determined to ensure that the regulations must keep up with technological innovations and global policy developments. A light-touch regulatory framework based on principles and trust will unleash productivity and employment. Through this framework, regulations will be updated that were made under old laws.

    To develop this modern, flexible, people-friendly, and trust-based regulatory framework appropriate for the twenty-first century, Smt. Nirmala Sitharaman proposed four specific measures:

    High Level Committee for Regulatory Reforms

    A High-Level Committee for Regulatory Reforms will be set up for a review of all non-financial sector regulations, certifications, licenses, and permissions, the Union Finance Minister added. The committee will be expected make recommendations within a year. The objective is to strengthen trust-based economic governance and take transformational measures to enhance ‘ease of doing business’, especially in matters of inspections and compliances. States will be encouraged to join in this endeavour.  

    Investment Friendliness Index of States

    Smt. Nirmala Sitharaman added that an Investment Friendliness Index of States will be launched in 2025 to further the spirit of competitive cooperative federalism.

    FSDC Mechanism

    Under the Financial Stability and Development Council, a mechanism will be set up to evaluate impact of the current financial regulations and subsidiary instructions, the Union Finance Minister said. It will also formulate a framework to enhance their responsiveness and development of the financial sector.

    Jan Vishwas Bill 2.0

    Smt. Nirmala Sitharaman informed that the Government will now bring up the Jan Vishwas Bill 2.0 to decriminalize more than 100 provisions in various laws. In the Jan Vishwas Act 2023, more than 180 legal provisions were decriminalized.

    In the last ten years in several aspects, including financial and non-financial, our Government has demonstrated a steadfast commitment to ‘Ease of Doing Business’, the Union Finance Minister said.

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  • MIL-OSI Asia-Pac: UNION BUDGET 2025-26 IDENTIFIES TOURISM AS A SECTOR FOR EMPLOYMENT-LED GROWTH

    Source: Government of India (2)

    UNION BUDGET 2025-26 IDENTIFIES TOURISM AS A SECTOR FOR EMPLOYMENT-LED GROWTH

    TOP 50 TOURIST DESTINATION WILL BE DEVELOPED IN PARTNERSHIP WITH STATES THROUGH A CHALLENGE MODE

    MEDICAL TOURISM AND HEAL IN INDIA WILL BE PROMOTED IN PARTNERSHIP WITH THE PRIVATE SECTOR

    MANUSCRIPT HERITAGE WILL BE UNDERTAKEN TO COVER MORE THAN 1 CRORE MANUSCRIPTS

    Posted On: 01 FEB 2025 1:02PM by PIB Delhi

    Union Budget 2025-26 has identified tourism as a sector for employment-led growth.   Presenting Budget in Parliament today,  Finance Minister Smt. Nirmala Sitharaman said that facilitating employment-led growth include organizing intensive skill-development programmes for youth including hospitality management, MUDRA loans for homestays, improving ease of travel and connectivity to tourist destinations, introducing streamlined e-visa facilities and providing performance-linked incentives to states.

    She said that top 50 tourist destination sites in the country will be developed in partnership with states through a challenge mode. The Budget added that land for building key infrastructure including hotels will have to be provided by states and hotels in those destinations will be included in the infrastructure HML. Minister said that emphasis on places of spiritual and religious significance will be given and there will be a special focus on destinations related to the life and times of Lord Buddha. In her speech, Smt. Nirmala Sitharaman said that medical tourism and Heal in India will be promoted in partnership with the private sector along with capacity building and easier visa norms. 

     

    Gyan Bharatam Mission

    Finance Minister said that documentation and conservation of our manuscript heritage with academic institutions, museums, libraries and private collectors will be undertaken to cover more than 1 crore manuscripts. She added that Government will set up a National Digital Repository of Indian knowledge systems for knowledge sharing.

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  • MIL-OSI Asia-Pac: Empowering Rural Communities

    Source: Government of India (2)

    Posted On: 01 FEB 2025 4:07PM by PIB Delhi

    Flagship Schemes Driving Growth

     

    The Government of India has launched several flagship schemes aimed at fostering inclusive rural development, poverty alleviation, and livelihood enhancement. These initiatives, implemented under the Ministry of Rural Development and other key departments, address critical areas such as employment generation, housing, infrastructure, skill development, and social welfare.

    Mahatma Gandhi NREGA

    The vision of Mahatma Gandhi NREGA is to enhance the livelihood security of rural households across the country by providing at least 100 days of guaranteed wage employment in a financial year to every rural household whose adult members volunteer to do unskilled manual work. Mahatma Gandhi NREGA recognizes the importance of strengthening the livelihood resource base of the poor by reaching the most vulnerable sections of rural areas, including Scheduled Castes, Scheduled Tribes, women-headed households, and other marginalized groups.

    Mission Antyodaya

    Adopted in Union Budget 2017-18, Mission Antyodaya is a convergence and accountability framework aiming to bring optimum use and management of resources allocated by 26 Ministries / Department of the Government of India under various programmes for the development of rural areas. It is envisaged as state-led initiative with Gram Panchayats as focal points of convergence efforts.

    Deendayal Antyodaya Yojana – National Rural Livelihoods Mission

    The DAY-NRLM scheme is a comprehensive initiative designed to empower rural women and enhance their livelihoods by fostering community institutions that provide crucial financial, technical, and marketing resources. It emphasizes social inclusion through Social Behaviour Change Communication (SBCC) and facilitates access to government schemes like Swachh Bharat Mission and Poshan Abhiyan, ensuring multi-sectoral convergence. 

     

     

    Pradhan Mantri Awas Yojana –Gramin

    The Pradhan Mantri Awas Yojana Gramin was launched on 20th November 2016, aiming to provide housing for the poorest segments of society. Beneficiaries are selected through a rigorous three-stage validation process that includes the Socio-Economic Caste Census (SECC 2011) and Awaas+ (2018) surveys, Gram Sabha approvals, and geo-tagging. This ensures that aid reaches the most deserving individuals.

    Sl. No.

    Key Parameter Indicators

    Status as on 31.01.25

    1

    Target

    3,79,37,139

    2

    Beneficiaries Registered

    3,70,94,350

    4

    House Sanctioned

    3,31,96,085

    5

    House Completed

    2,69,47,215

    PMAY-G Progress

    Pradhan Mantri Gram Sadak Yojana (PMGSY)

    The Pradhan Mantri Gram Sadak Yojana (PMGSY), was launched by the Govt. of India to provide connectivity to unconnected Habitations as part of a poverty reduction strategy. Govt. of India is endeavoring to set high and uniform technical and management standards and facilitating policy development and planning at State level in order to ensure sustainable management of the rural roads network.

    PMGSY Progress

    National Social Assistance Programme (NSAP)

    The National Social Assistance Programme (NSAP) is a welfare programme being administered by the Ministry of Rural Development. This programme is being implemented in rural areas as well as urban areas. NSAP represents a significant step towards the fulfilment of the Directive Principles of State Policy enshrined in the Constitution of India which enjoin upon the State to undertake within its means a number of welfare measures. These are intended to secure for the citizens adequate means of livelihood, raise the standard of living, improve public health, provide free and compulsory education for children etc.

     

    Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY)

    The Ministry of Rural Development (MoRD) announced the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) on Antyodaya Diwas – 25th September 2014. DDU-GKY is a part of the National Rural Livelihood Mission (NRLM), tasked with the dual objectives of adding diversity to the incomes of rural poor families and cater to the career aspirations of rural youth.

    Cumulative progress till 2024-25

    Rural Self Employment Training Institutes (RSETIs)

    RSETIs are managed by Banks with active co-operation from the Government of India and State Government. These are Dedicated institutions designed as to ensure necessary skill training and skill up gradation of the rural BPL youth to mitigate the unemployment problem. After successful completion of the training, they will be provided with credit linkage assistance by the banks to start their own entrepreneurial ventures.

    Namo Drone Didi

    On 15th August, 2023, the Hon’ble Prime Minister Shri Narendra Modi announced the launch of the “Namo Drone Didi” Yojana which aimed to empower women by hand holding them into a sustainable business model where they can increase their income by more than Rs 1 Lakh, and transforming the modern farming ecosystem with drone technology.

    Rashtriya Gram Swaraj Abhiyan (RGSA)

    The scheme was approved by the Union Cabinet on 21.04.2018 for implementation from Financial Year 2018-19 to 2021-22. The primary aim of RGSA was to strengthen PRIs for achieving Sustainable Development Goals (SDGs) with main thrust on convergence with Mission Antyodaya and emphasis on strengthening PRIs in 117 Aspirational districts.

    The Government of India’s flagship rural development schemes have played a transformative role in enhancing livelihoods, improving infrastructure, and fostering socio-economic inclusion. By prioritizing employment generation, housing, skill development, and financial empowerment, these initiatives have significantly contributed to rural prosperity.

    References

    https://nreganarep.nic.in/netnrega/MISreport4.aspx

    https://dashboard.rural.nic.in/dashboardnew/ddugky.aspx

    https://nsap.nic.in/

    https://omms.nic.in/dbweb

    https://namodronedidi.php-staging.com/about-scheme

    Click here for pdf file 

    *****

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  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi’s remarks on Union Budget 2025-26

    Source: Government of India (2)

    Prime Minister Shri Narendra Modi’s remarks on Union Budget 2025-26

    Viksit Bharat Budget 2025-26 will fulfill the aspirations of 140 crore Indians: PM

    Viksit Bharat Budget 2025-26 is a force multiplier: PM

    Viksit Bharat Budget 2025-26 empowers every citizen: PM

    Viksit Bharat Budget 2025-26 will empower the agriculture sector and give boost to rural economy: PM

    Viksit Bharat Budget 2025-26 greatly benefits the middle class of our country: PM

    Viksit Bharat Budget 2025-26 has a 360-degree focus on manufacturing to empower entrepreneurs, MSMEs and small businesses: PM

    Posted On: 01 FEB 2025 3:58PM by PIB Delhi

    The Prime Minister Shri Narendra Modi delivered his remarks on the Union Budget 2025-26 via video message today. Highlighting that today marked an important milestone in the journey of India’s development, Shri Modi remarked that this budget reflects the aspirations of 140 crore Indians and fulfills the dreams of every citizen. He highlighted that several sectors were opened up for the youth, and the common citizen will drive the mission of Viksit Bharat (Developed India). The Prime Minister emphasized that this budget is a force multiplier which would increase the savings, investment, consumption, and growth. He congratulated the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman and her team for this ‘People’s Budget’. 

    Prime Minister remarked that typically, the focus of the budget is on how to fill the Government’s treasury. However, he said this budget focused on how to fill the pockets of the citizens, increase their savings, and make them partners in the country’s development. He emphasized that this budget lays the foundation for these goals.

    “Significant steps have been taken towards reforms in this budget”, said Shri Modi and highlighted the historic decision to promote the private sector in nuclear energy. He added that civil nuclear energy will ensure a significant contribution to the country’s development in the future. He emphasized that all employment sectors were given priority in the budget. Pointing out two major reforms that will bring significant changes in the coming time, Shri Modi said that  granting infrastructure status to shipbuilding will boost the construction of large ships in India, accelerating the Atmanirbhar Bharat Abhiyaan and including hotels at 50 tourist destinations under the infrastructure category will significantly boost tourism, providing new energy to the hospitality sector, which is the largest employment sector. The Prime Minister stated that the country was progressing with the mantra of “Vikas bhi, Virasat bhi” (Development and Heritage). He mentioned that significant steps were taken in this budget to preserve one crore manuscripts through the launch of the Gyan Bharatam Mission. Additionally, a National Digital Repository inspired by Indian knowledge traditions will be created.

    Remarking that the announcements made in the budget for farmers will lay the foundation for a new revolution in the agricultural sector and the entire rural economy, Shri Modi highlighted that under the PM Dhan-Dhanya Krishi Yojana, irrigation and infrastructure development will take place in 100 districts. He emphasized that increasing the limit of the Kisan Credit Card from ₹3 lakh to ₹5 lakh will provide greater assistance to farmers.

    Highlighting that the budget has exempted income up to ₹12 lakh from tax, the Prime Minister said tax reductions were made for all income groups, which will greatly benefit the middle class and those who have been newly employed. 

    “The budget has a 360-degree focus on manufacturing to strengthen entrepreneurs, MSMEs, and small businesses, creating new jobs”, emphasised the Prime Minister. He highlighted that sectors like clean tech, leather, footwear, and the toy industry had received special support under the National Manufacturing Mission. He stressed that the goal was clear to ensure Indian products to shine in the global market.

    Pointing that the budget places special emphasis on creating a vibrant and competitive investment environment in the states, Shri Modi  highlighted the announcement to double the credit guarantee for MSMEs and startups. He mentioned the introduction of a scheme to provide loans up to ₹2 crore without guarantee for SC, ST, and women first- time entrepreneurs. He emphasized the significant announcement for gig workers, with their registration on the e-Shram portal for the first time, enabling them to access healthcare and other social security schemes. The Prime Minister stated that this reflects the Government’s commitment to the dignity of labor. He highlighted that regulatory and financial reforms, such as Jan Vishwas 2.0, will strengthen the commitment to minimum government and trust-based governance.

    Concluding his address, the Prime Minister remarked that this budget not only addresses the current needs of the country but also helps in preparing for the future. He highlighted the initiatives for startups, including the Deep Tech Fund, Geospatial Mission, and Nuclear Energy Mission. He extended his congratulations to all citizens for this historic budget.

     

     

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  • MIL-OSI Asia-Pac: Building a Future-Ready India

    Source: Government of India (2)

    Posted On: 01 FEB 2025 3:05PM by PIB Delhi

    Schemes Driving Skill Development and Empowerment

     

    Introduction

     

    India’s Skill India Mission (SIM), driven by the Ministry of Skill Development and Entrepreneurship, is equipping youth with essential industry-relevant skills through various programs like Pradhan Mantri Kaushal Vikas Yojana (PMKVY) and Jan Shikshan Sansthan (JSS). These initiatives focus on skill development, re-skilling and up-skilling, empowering millions with the tools needed for sustainable careers. By bridging the skill gap, fostering innovation, and creating new job opportunities, SIM is paving the way for a self-reliant and developed India (Atmanirbhar and Viksit Bharat).

     

    Pradhan Mantri Kaushal Vikas Yojana

    Launch Date: PMKVY was introduced in 2015, and its 4.0 version is being implemented from FY 2022 to 2026.

    Objective: To encourage and promote skill development in the country by providing free short-duration skill training and incentivizing youth for skill certification.

    Key Achievements:

    1. PMKVY 1.0 successfully trained over 19.86 lakh candidates.
    2. Since 2015, the scheme has trained/oriented 1.48 crore candidates by 30th June, 2024.

    Jan Shikshan Sansthan (JSS)

    Launch Date: Transferred from Ministry of Education (erstwhile Ministry of Human Resource Development) to Ministry of Skill Development & Entrepreneurship in July, 2018.

    Objective: Aims to provide vocational training to non-literates, neo-literates as well as school drop-outs in rural regions by identifying skills that have a relevant market in that region.

    Key Achievements: 

    1. 4,29,762 beneficiaries enrolled, with 2,45,239 trained, 2,38,048 assessed and 2,37,729 certified under JSS.
    2. 32 States & UTs, 283 districts, 289 JSS, and 11,338 JSS sub-centers engaged in FY 2024-25. (Data pertains to FY 2024-25 as of 28.01.2025).

    PM Vishwakarma Yojana

    Launch Date: 17th September, 2023

    Objective: The Scheme aims to provide end-to-end support to artisans and craftspeople of 18 trades who work with their hands and tools. The Scheme components include recognition through PM Vishwakarma Certificate and ID Card, Skill Upgradation, Toolkit Incentive, Credit Support, Incentive for Digital Transactions and Marketing Support. PM Vishwakarma will be implemented as a Central Sector Scheme, fully funded by the Government of India, with an initial outlay of Rs 13,000 crore and is set to run for five years, until 2027-28.

    Key Achievements:

    1. As of January 28, 2025, a total of 2,64,97,537 applications have been submitted under the PM Vishwakarma Yojana, with 27,01,087 applications successfully registered.

    Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY)

    Launch: 25th September 2014.

     

    Objective: DDU-GKY is a part of the National Rural Livelihood Mission (NRLM), tasked with the dual objectives of adding diversity to the incomes of rural poor families and cater to the career aspirations of rural youth. 

    Key Achievements:

    1. Under Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY), 65% of the candidates have been placed in gainful employment after completing their training. From FY 2014-15 a total of 16,90,046 candidates have been trained and 10,97,265 candidates have been placed till November, 2024.

    Rural Self Employment and Training Institutes (RSETIs)

    Launch: January 2009

     

    Objective: The scheme envisage framework for imparting good quality residential free training and post training follow up with credit linkage for sustained motivation among the trainees for promoting entrepreneurship among the rural youth. As RSETIs are Bank lead institutions they are prefixed with the name of the respective sponsor banks to give distinct identity.

    Key Achievements:

    1. A total of Rs. 89,639.09 Lakh has been released for RSETI from FY 2014-15 to FY 2024-25.
    2. As of January 1, 2025, a total of 54,03,231 candidates have been trained in the 2024-25 financial year, compared to 22,89,737 candidates trained in the 2016-17 financial year. 

    Click here to download PDF

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  • MIL-OSI Asia-Pac: Redefining Women’s Empowerment in India

    Source: Government of India (2)

    Posted On: 01 FEB 2025 2:58PM by PIB Delhi

    A Comprehensive Framework for Progress

     

    Synopsis

    The Ministry of Women and Child Development has spearheaded major initiatives to enhance women’s safety, security, and overall well-being. Key programs like Mission Shakti have supported 10.61 lakh women through One Stop Centres (OSCs), while the Women Helpline (181-WHL) has assisted lakhs of women in distress. Beti Bachao Beti Padhao (BBBP) has contributed to an improved Sex Ratio at Birth (SRB) from 918 (2014-15) to 930 (2023-24), and Gross Enrollment Ratio (GER) of girls in secondary schools has risen from 75.51% to 78% in the same period. For economic empowerment, Sakhi Niwas provides secure accommodation for working women, and Palna ensures daycare support. Nari Adalat offers grievance redressal at the Gram Panchayat level, while SANKALP serves as a resource hub for women’s welfare schemes. The total expenditure incurred under the Pradhan Mantri Mudra Yojana (PMMY) has consistently increased over the years, rising from ₹1,478.73 crore in 2021-22 to ₹1,814.86 crore in 2023-24, reflecting the government’s continued support for micro and small enterprises. Health interventions have also yielded positive results. Maternal Mortality Rate (MMR) has dropped from 130 per lakh live births (2014-16) to 97 (2018-20). Mission Saksham Anganwadi & Poshan 2.0 supports 9.88 crore beneficiaries, with 6.77 lakh AWCs having their own buildings, 9.93 lakh AWCs with functional toilets, and 12.31 lakh AWCs with drinking water access.

     

    The empowerment of women is a transformative process that ensures women have equal access to opportunities in all areas of life: economic, cultural, social, and political. This not only enhances their individual potential but also contributes to societal progress. India has made remarkable strides in empowering women, focusing on their safety, security, economic independence, and social inclusion. This document outlines some of the key programs driving India’s progress in women’s empowerment, demonstrating the nation’s commitment to creating a more equitable and inclusive society.

     

    Mission Shakti

     

     

    The Ministry has formulated ‘Mission Shakti’, an Integrated Women Empowerment Programme, as Umbrella Scheme for the Safety, Security and Empowerment of Women for implementation during the 15th Finance Commission period from 2021-22 to 2025-26. This initiative has been instrumental in improving the lives of women across the country through its two main verticals: Sambal (for safety and security) and Samarthya (for empowerment).

     

    One Stop Centres (OSCs)

     

    One Stop Centres provides integrated support and assistance under one roof to women affected by violence and those in distress, both in private and public spaces. It provides services like medical aid, legal aid and advice, temporary shelter, police assistance and psycho-social counselling to needy women. Since inception until 31 2024, 10,61,337 women have received assistance through OSCs, demonstrating a significant impact in providing protection and rehabilitation.

     

    Women Helpline (181-WHL)

    WHL is a component of Sambal vertical under Mission Shakti, aims to provide 24x7x365 emergency and non-emergency response through telephonic short-code 181 to women, both in public and private spaces by linking them with appropriate authorities such as Police, One Stop Centres, Hospitals, Legal Services Authorities etc. Additionally, it provides information about women welfare schemes and programs.

    Data till 31 December 2024

     

    Beti Bachao Beti Padhao (BBBP)

    BBBP scheme was launched on 22nd January 2015. The scheme aims to prevent gender biased sex selective elimination, ensure survival and protection of girl child and also to ensure education of the girl child.

    As per the latest reports of Health Management Information System (HMIS) of Ministry of Health &Family welfare (MoHFW) reveal that SRB is showing improving trends and has increased from 918 in 2014-15 to 930 (Provisional) in 2023-24 at national level. Gross enrollment ratio of girls in the schools at secondary level has increased from 75.51 percent in (2014-15) to 78 percent in (2023-24) [as per UDISE-data, MoE].

    Nari Adalat

    Nari Adalat aims for providing women with an alternate Grievance Redressal Mechanism for resolving cases of petty nature (harassment, subversion, curtailment of rights or entitlements) faced by them at Gram panchayat level by negotiation, mediation, and reconciliation with mutual consent for speedy, accessible, and affordable justice. It is also used as a platform for awareness of right, entitlements, social facilitation and hand holding of women centric organizations.

    Data till 31 December 2024

     

    Shakti Sadans

     

    Shakti Sadan Scheme is an Integrated Relief and Rehabilitation Home for women in distressful situations including trafficked women. It aims at creating a safe and enabling environment for the women in such difficult situations, to enable them to overcome the adverse circumstances.

     

    Palna

     

    The Government of India has decided to provide the day-care creche facilities through the component of Palna. Anganwadi centres are the world’s largest childcare institutions dedicated to providing essential care and support to children ensuring delivery of care facilities till the last mile. This will ensure whole day childcare support ensuring their well-being in a safe and secure environment. The objective of Palna component is to provide quality creche facility in safe and secure environment for children.

    Data till 31 December 2024

     

    Sakhi Niwas

     

    The objective of the Scheme is to provide safe, secure, conveniently located, and affordable accommodation for women who are in the workforce and/or aspire to join the workforce. The scheme also makes a provision of Day Care Centre for children of the residents of the Sakhi Niwas.

    Data till 31 December 2024

     

    Pradhan Mantri Matru Vandana Yojana (PMMVY)

     

    The Pradhan Mantri Matru Vandana Yojana (PMMVY) provides financial compensation for loss of wages due to pregnancy and childbirth. The scheme, previously limited to the first child, has now been extended to cover the second child if the child is a girl—a progressive step towards promoting gender equality.

    SANKALP

     

    The SANKALP: HEW (Hub for Empowerment of Women) will serve as a vehicle to bridge the information and knowledge gap regarding schemes and facilities available for women as well as guide them to avail the benefits and entitlements. It will also serve as a Project Monitoring Unit (PMU) for all components under Mission Shakti and will work in convergence with the Beti Bachao Beti Padhao (BBBP) scheme.

    Data till 31 December 2024

     

    Mission Saksham Anganwadi and Poshan 2.0

     

    The Government of India approved “Mission Saksham Anganwadi and Poshan 2.0” (also referred to as Mission Poshan 2.0) which is a strategic shift in mission mode to develop practices that nurture health, wellness, and immunity from malnutrition. With 13,99,890 Anganwadi Centers (AWCs) operating across 36 States/UTs and 781 districts, the mission aims to enhance the health, wellness, and immunity of children, adolescent girls, pregnant women, and lactating mothers. Supported by 13,31,622 Anganwadi Workers, it ensures nutritional benefits reach 9,88,74,477 eligible beneficiaries. Infrastructure improvements include 6,77,349 AWCs with their own buildings, 9,93,863 with functional toilets, and 12,31,201 with access to drinking water. Additionally, in December 2024, 12,93,863 AWCs operated for at least 15 days, 11,86,509 for at least 21 days, and 8,54,395 for at least 25 days.

    Beneficiaries under Poshan Abhiyaan

    Data as on 31 December 2024

     

    Decreased Maternal Mortality Ratio

     

    India’s Maternal Mortality Rate (MMR) has significantly declined from 130 per lakh live births (2014-16) to 97 per lakh live births (2018-20), reflecting improved maternal healthcare services, institutional deliveries, and strengthened healthcare interventions.

    Conclusion

     

    The ongoing efforts to promote women’s empowerment have led to tangible improvements in multiple areas, from social and economic participation to access to essential services. By addressing key challenges and ensuring a supportive ecosystem, these measures have played a crucial role in enhancing women’s autonomy and decision-making power. Continued focus on inclusive policies, awareness, and institutional strengthening will be essential in building a more equitable society where every woman can thrive and contribute to the nation’s development.

     

    References

    RAJYA SABHA UNSTARRED QUESTION NO. 2720 Session 266

    RAJYA SABHA UNSTARRED QUESTION NO. 2717 Session 266

    Annual Report 2023-24: https://wcd.gov.in/documents/uploaded/1732020683.pdf

    https://missionshakti.wcd.gov.in/

    LOK SABHA UNSTARRED QUESTION NO. 1931 session III

    Click here to download PDF

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  • MIL-OSI Asia-Pac: Strengthening Diversity

    Source: Government of India (2)

    Strengthening Diversity

    India’s Efforts to Empower Minority Communities

    Posted On: 01 FEB 2025 2:53PM by PIB Delhi

    Introduction

    India is a diverse nation where the empowerment of minority communities is a top priority for the government. The Ministry of Minority Affairs has launched several programs to support the six officially recognized minority groups—Muslims, Christians, Sikhs, Buddhists, Jains, and Zoroastrians (Parsis)—on socio-economic fronts. With minorities making up 19.3% of the population, these efforts are focused on reducing disparities and promoting the inclusion of minorities in India’s overall development.

    Post-Matric Scholarship Scheme

    Launch Date: November 2007

    Objective: To award scholarships to meritorious students belonging to economically weaker sections of minority community so as to provide them better opportunities for higher education, increase their rate of attainment in higher education and enhance their employability.

    Key Achievements:

    • In 2008-09, ₹70.63 crores were released, whereas in 2023-24, the allocation surged to ₹1000 crores (RE).

    Pre-Matric Scholarship Scheme

    Launch Date: 1st April 2008

    Objective: The scholarship will encourage parents from minority communities to send their school going children to school, lighten their financial burden on school education and sustain their efforts to support their children to complete school education. The scheme will form the foundation for their educational attainment and provide a level playing field in the competitive employment arena. Empowerment through education, which is one of the objectives of this scheme, has the potential to lead to upliftment of the socio economic conditions of the minority communities.

    Key Achievements:

    • In 2008-09, ₹62.21 crores were released. This increased to ₹113 crores in 2014-15. By 2023-24, the allocation further rose to ₹400 crores (RE). This steady rise reflects a significant increase in financial commitment over the years.

     

    National Minorities Development and Finance Corporation (NMDFC)

    Launch Date: The National Minorities Development & Finance Corporation (NMDFC) was incorporated on 30th September 1994, as a company not for profit under Section 25 of the Companies Act 1956 (now Section-8 of Companies Act,2013). It is a National Level Apex Body for the benefit of Minorities as defined under the National Commission for Minorities Act 1992.

    Objective: NMDFC provides concessional credit for self-employment and income generating activities for the socioeconomic development of the ‘backward sections’ amongst the notified Minorities.

    Key Achievements:

    • In 2014-15, ₹2 crores were released, whereas in 2023-24, the amount increased to ₹3 crores.

    Haj Pilgrimage

    Launch Date: Haj pilgrimage including administration of the Haj Committee Act, 2002 and Rules made there under has been transferred from the Ministry of External Affairs to the Ministry of Minority Affairs from 1st October, 2016.

    Objective: The Government of India recognizing the significance of Haj has made provisions to facilitate the pilgrimage, particularly for low-income individuals.

     

    Key Achievements:

    In 2014-15 the expenditure was ₹9.75 crores which in 2023-24, rose to ₹83.51 crores. This rise over the years reflects increased spending and financial commitment in the sector.

    Jiyo Parsi Scheme

    Launch Date: Jiyo Parsi is a unique Central Sector Scheme for arresting the population decline of the Parsi Community. The scheme was launched in 2013-14.

     Objective: Unique Central Sector Scheme with an objective to reverse the declining trend of Parsi population by adopting scientific protocol and structured interventions to stabilize their population in India.

    Key Achievements:

    • In 2014-15, under the ‘Jiyo Parsi’ scheme, a total of Rs. 14,55,252 was allocated for medical assistance, while Rs. 17,03,500 was released for advocacy and outreach programs.
    • In 2023-24, ₹3 crores were released for the scheme.
    • Since inception, the scheme has enabled birth of more than 400 Parsi children till 31.03.2024.

     

    In addition to the previously mentioned schemes, the Pradhan Mantri Vikas Karyakram for Minorities (PM VIKAS) incorporates five programs—Seekho Aur Kamao, Nai Manzil, USTTAD (Upgrading the Skills and Training in Traditional Arts/Crafts for Development), Nai Roshni, and Hamari Dharohar. Furthermore, the Pradhan Mantri Jan Vikas Karyakram (PMJVK) has been implemented to reduce socio-economic disparities in 1300 identified areas across the country. These integrated initiatives work collectively to bridge gaps, promote the welfare of minority communities, and ensure their full inclusion and empowerment in India’s broader development.

    Strengthening Diversity 

    ***

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  • MIL-OSI Asia-Pac: India’s Startup Revolution

    Source: Government of India

    Posted On: 01 FEB 2025 2:44PM by PIB Delhi

    1.57 lakh startups and 17.28 lakh jobs mark a decade of progress

     

    India has firmly established itself as the third-largest startup ecosystem in the world, with over 1.57 lakh certificates issued by Department for Promotion of Industry and Internal Trade (DPIIT) for recognition of startups as of December 31, 2024. The nation’s entrepreneurial landscape, fuelled by more than 100 unicorns, is redefining innovation and creating new opportunities across sectors. Major hubs like Bengaluru, Hyderabad, Mumbai, and Delhi-NCR have been at the forefront of this transformation, while smaller cities are increasingly contributing to the momentum with over 51% of the startups emerging from Tier II/ III cities. Through initiatives like Startup India, the government has played a pivotal role in nurturing this growth and empowering the next generation of entrepreneurs.

    Startup India

    Launched on 16th January 2016, Startup India is a flagship initiative by the Government of India to foster innovation and create a thriving startup ecosystem. Its goal is to drive economic growth and generate large-scale employment opportunities. By supporting startups in their

    growth journey, the initiative encourages innovation and design. Through various schemes, it aims to empower startups to scale and succeed.

     

     

    Progress and Impact:

     

    1. Startup Growth: The number of DPIIT-recognised startups has risen from around 502 in 2016 to 1,57,706 as of December 31, 2024.

     

    1. Job Creation: Startups have created over 17.28 lakh direct jobs as of December 31, 2024, with the IT Services sector leading at 2.10 lakh jobs, followed by Healthcare & Lifesciences (1.51 lakh) and Professional & Commercial Services (96,474).

     

    1. Women-Led Startups: As of December 31, 2024, a total of 75,935 recognised startups include at least one-woman director (as per self-reported data of recognized startups), showcasing the rise of women entrepreneurs in India.

     

    1. Ease of Doing Business & Tax Benefits: Simplified compliance, self-certification, and tax exemptions for three years have streamlined operations for startups.

     

     

    Startup India Seed Fund Scheme (SISFS)

    Launched in 2021 with a corpus of ₹945 crore, the SISFS supports startups at various stages, including proof of concept, prototype development, product trials, market entry, and commercialisation. The scheme, operational since 1st April 2021, is overseen by the Experts Advisory Committee (EAC), which evaluates and selects incubators for fund allocation.

    Progress and Impact:

     

     

    1. 213 incubators have been approved under the scheme as of December 2024.

     

    1. A total of 2,622 startups have benefited from ₹467.75 crore in funding as of December 2024.

     

    Fund of Funds for Startups (FFS) Scheme

    Launched in June 2016 with a corpus of ₹10,000 crore, the Fund of Funds for Startups (FFS) aims to boost access to domestic capital for startups. Managed by SIDBI, it funds SEBI- registered Alternative Investment Funds (AIFs), which then invest in startups through equity and equity-linked instruments.

     

    Progress and Impact:

     

    1. By 2024, ₹6,886 crores have been committed by DPIIT to SIDBI and ₹11,687 crore was committed by SIDBI to AIFs under the FFS scheme as of December 2024.

     

    1. This commitment catalyzed investments of ₹21,276 crore in 1,173 startups.

     

    Credit Guarantee Scheme for Startups (CGSS)

    The Credit Guarantee Scheme for Startups (CGSS) provides credit guarantees for loans to DPIIT-recognised startups from Scheduled Commercial Banks, NBFCs, and Venture Debt Funds. Implemented by the National Credit Guarantee Trustee Company Limited (NCGTC), it aims to offer credit guarantees up to a specified limit, easing access to funding for startups.

     

    Progress and Impact:

     

    1. As of January 3, 2025, the scheme has guaranteed 260 loans worth ₹604.16 crore to 209 startups.

     

    1. Among these, ₹27.04 crore has been allocated to 17 women-led startups.

    Other Notable Schemes                                                                                  

     

    Atal Innovation Mission (AIM)

     

    Launched in 2016 by NITI Aayog, the Atal Innovation Mission (AIM) aims to promote innovation and entrepreneurship across India. It includes initiatives like Atal Tinkering Labs at the school level to foster creativity, Atal Incubation Centres to build a robust startup ecosystem, and Atal Community Innovation Centres to serve unserved and underserved regions. The Atal New India Challenges focus on product and service innovations with national impact. All initiatives are monitored through real-time MIS systems, with third-party reviews for continuous improvement.

     

    Progress and Impact:

     

    1. Till date, 10,000 Atal Tinkering Labs have been established in schools across India under AIM.

     

    1. As of December 18, 2024, a total of 3,556 startups have been incubated in 72 Atal Incubation Centres (AICs), creating 41,965 jobs.

     

    MeitY Startup Hub (MSH)

    India is home to one of the most vibrant startup ecosystems with close to 30,000+ tech startups, making it the 3rd largest startup ecosystem in the world. The MeitY Startup Hub (MSH) aims to foster a vibrant innovation and startup ecosystem by uniting technology innovation stakeholders and promoting economic growth through innovation and technological advancement. It serves as a central hub, ensuring synergies among incubation centres, Centres of Excellence on Emerging Technologies, and other platforms supported by the Ministry of Electronics and Information Technology. MSH facilitates the sharing of resources, best practices, and ideas across the entire innovation and startup ecosystem.

     

    Progress and Impact:

     

    1. 5,310+ startups, 495+ incubators, and 328+ labs are part of the MeitY Startup Hub (MSH) scheme.

     

    Over the last 10 years, India’s startup ecosystem has experienced tremendous growth, becoming the third-largest in the world. With initiatives like Startup India, SISFS, CGSS, FFS, and sector-specific schemes such as AIM and MSH, the government has played a pivotal role in fostering innovation, creating jobs, and supporting entrepreneurs. This dynamic collaboration among stakeholders has strengthened the ecosystem, driving economic growth and empowering the next generation of innovators. Looking ahead, India’s startup landscape is set to reach even greater milestones.

     

    References:

     

    1. https://pib.gov.in/PressReleasePage.aspx?PRID=2093125
    2. https://www.pib.gov.in/Pressreleaseshare.aspx?PRID=1886031
    3. https://msh.meity.gov.in/
    4. https://aim.gov.in/overview.php
    5. https://sansad.in/getFile/loksabhaquestions/annex/183/AU3820_406x3D.pdf?source=pqals
    6. https://www.startupindia.gov.in/

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     Santosh Kumar/ Sarla Meena/ Saurabh Kalia  

    (Release ID: 2098452) Visitor Counter : 47

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: India’s Exports Reach Historic Heights

    Source: Government of India

    Posted On: 01 FEB 2025 2:38PM by PIB Delhi

    Exports hit USD 778.21 billion in 2023-24, marking a 67% increase since 2013-14

     

    Introduction

    India’s exports have seen a historic rise, reaching USD 778.21 billion in 2023-24. This marks a 67% increase from USD 466.22 billion in 2013-14. The growth reflects India’s expanding role in global trade, driven by strong performances in both merchandise and services exports.

    In 2023-24, merchandise exports stood at USD 437.10 billion, while services exports contributed USD 341.11 billion, demonstrating a well-balanced expansion. Key sectors like electronics, pharmaceuticals, engineering goods, iron ore, and textiles played a vital role in this surge. Strengthened by strategic policy measures, enhanced competitiveness, and broader market access, India’s export ecosystem is now more resilient and deeply integrated into the global economy.

    The momentum has continued into FY 2024-25, with cumulative exports during April-December 2024 estimated at USD 602.64 billion, a 6.03% increase from USD 568.36 billion in the same period of 2023. Strengthened by strategic policy measures, enhanced competitiveness, and broader market access, India’s export ecosystem is now more resilient and deeply integrated into the global economy.

     

    Export Classification and Growth Trends

    Merchandise exports have grown from USD 314 billion in 2013-14 to USD 437.10 billion in 2023-24, driven by a stronger manufacturing base and increased global demand.

     

     

    Service exports have expanded from USD 152 billion in 2013-14 to USD 341.11 billion in 2023-24, fueled by the rise of IT, financial, and business services.

     

    Leading Export Regions Over the Years

    In 2004-05, India’s exports were predominantly directed to regions like North America, the European Union, North-East Asia, West Asia-Gulf Cooperation Council, and ASEAN. By 2013-14, there was a marked increase in export values across these regions, with North America, the EU, and West Asia seeing notable growth. Fast forward to 2023-24, and the export landscape shows continued expansion, with North America leading as the largest destination. The EU, West Asia, and ASEAN also experienced robust growth, illustrating India’s diversified and strengthened global trade relationships over the years.

     

     

    Key Export Destinations in 2023-24

     

    1. In 2023-24, the top merchandise export destinations for India included the USA (17.90%), UAE (8.23%), Netherlands (5.16%), China (3.85%), Singapore (3.33%), UK (3.00%), Saudi Arabia (2.67%), Bangladesh (2.55%), Germany (2.27%), and Italy (2.02%).

     

    1. Together, these 10 countries made up 51% of India’s total merchandise export value in 2023-24.

     

    Sectoral Growth in India’s Exports

    1. Mobile Phone Exports Growth: Mobile phone exports reached US$ 15.6 billion in 2023-24 from USD 0.2 billion in 2014-15. Domestic production of mobile phones grew from 5.8 crore units in 2014-15 to 33 crore units in 2023-24, with imports dropping significantly.
    1. Pharmaceutical Exports Surge: India, ranked third globally in drug and pharmaceutical production by volume, saw its pharmaceutical exports rise from USD 15.07 billion in 2013-14 to USD 27.85 billion in FY 2023-24.
    1. Engineering Goods Exports: Engineering goods exports grew to USD 109.32 billion in FY 2023-24, up from USD 62.26 billion in FY 2013-14.
    1. Agricultural Exports Growth: Agricultural exports from India increased from USD 22.70 billion in 2013-14 to USD 48.15 billion in 2023-24.

     

    Key Government Initiatives to Strengthen India’s Export Landscape

     

    Foreign Trade & Export Promotion

    1. New Foreign Trade Policy (FTP) 2023: Focuses on export incentives, ease of doing business, and emerging sectors like e-commerce and high-tech products. Introduced a one-time Amnesty Scheme to help exporters clear pending authorizations.
    2. Interest Equalisation Scheme (IES): It was extended until August 31, 2024, with a ₹12,788 crore allocation to provide concessional interest rates on export credit.
    3. RoDTEP & RoSCTL Schemes: Provide tax and duty reimbursements to exporters, benefiting sectors like pharmaceuticals, chemicals, and steel.
    4. Districts as Export Hubs: Identifies high-potential products in each district and provides infrastructure and market linkages.
    5. Trade Infrastructure for Export Scheme (TIES) & Market Access Initiative (MAI): Support infrastructure development and marketing efforts for export growth.

    Infrastructure & Logistics

    1. National Logistics Policy (NLP) & PM GatiShakti: Aim to reduce logistics costs and enhance multimodal connectivity through GIS-based planning.
    2. Production-Linked Incentive (PLI) Schemes: With an outlay of ₹1.97 lakh crore, these schemes promote large-scale manufacturing in 14 key sectors to enhance exports. Over Rs. 1.47 lakh crore of investment has been reported till October 2024, which has led to production/sales of Rs. 13 lakh crore and employment generation (direct & indirect) of around 10 lakh. Exports have been boosted by Rs. 4.5 lakh crore.

     

    1. Bharat Mart in Dubai: Provides MSMEs with affordable access to GCC, African, and CIS markets.

     

    Ease of Doing Business & Digital Initiatives

    1. Compliance & Decriminalization Reforms: Over 42,000 compliances reduced and 3,800 provisions decriminalized to simplify business processes.
    2. National Single Window System (NSWS): Streamlines approvals, allowing businesses to apply for 277 Central approvals.
    3. Trade Connect e-Platform: Links over 6 lakh IEC holders with Indian missions and export councils for seamless trade facilitation.
    4. Enhanced Insurance Cover for MSME Exporters: Provides ₹20,000 crore in low-cost credit to 10,000 MSME exporters.

    E-Commerce & Digital Trade

    1. E-Commerce Export Hub (ECEH): Aims to boost e-commerce exports to $100 billion by 2030, connecting SMEs and artisans to global markets.
    2. ICEGATE Digital Platform: Modernizes customs processes with e-filing, real-time tracking, and seamless documentation.

    Agriculture & Organic Exports

    1. National Programme for Organic Production (NPOP): Expected to benefit 20 lakh farmers, with organic exports targeted to exceed $1 billion by 2025-26.

     

    Conclusion

    India’s export sector has experienced extraordinary growth, driven by a combination of strategic policy measures, robust infrastructure development, and a strengthened manufacturing base. With exports touching new heights across both merchandise and services, the country has firmly established itself as a key player in global trade. The expansion of high-value sectors like electronics, pharmaceuticals, engineering goods, and agriculture, coupled with innovations in e-commerce and digital trade, showcases India’s growing global influence. Supported by initiatives such as the National Logistics Policy, Production-Linked Incentive schemes, and enhanced market access, India is well on its way to further diversifying its export landscape. As the country continues to focus on improving business ease, fostering competitiveness, and tapping into emerging markets, it is poised to not only sustain but also accelerate its export momentum in the years to come.

     

    References:

    1. https://static.pib.gov.in/WriteReadData/specificdocs/documents/2024/dec/doc2024123463101.pdf

    v https://www.commerce.gov.in/wp-content/uploads/2024/12/Annual-Report-English-Lower-Resolution-1.pdf

    1. https://www.commerce.gov.in/trade-statistics/
    2. https://niryat.gov.in/
    3. https://pib.gov.in/PressReleasePage.aspx?PRID=2093104

    Click here to download PDF

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Energy Security in India

    Source: Government of India

    Posted On: 01 FEB 2025 2:30PM by PIB Delhi

    Advancing Renewable Energy and Sustainability through Key Government Initiatives

     

     

    India’s energy security is a cornerstone of its economic and environmental strategy, with a strong push toward renewable energy and self-reliance. As of January 2025, the country’s non-fossil fuel energy capacity has reached 217.62 GW. The CCDC Wind Initiative has significantly enhanced wind energy development, leading to 48.16 GW of installed capacity. The National Green Hydrogen Mission, launched in 2023, is positioning India as a global leader in hydrogen energy with investments exceeding ₹8 lakh crore. The National Solar Mission has propelled solar energy growth, with installed capacity rising from 9.01 GW in 2016 to 97.86 GW in 2025. Additionally, PM-KUSUM and PM Surya Ghar Muft Bijli Yojana are accelerating solar adoption among farmers and households. These efforts, supported by substantial government funding and policy measures, highlight India’s commitment to achieving energy security while reducing carbon emissions. By leveraging technological advancements and strategic investments, India is on a path toward a cleaner, more resilient energy future.

     

    Introduction

     

    India’s energy security is a critical component of its economic growth and sustainability goals. The government has launched various schemes aimed at promoting renewable energy, enhancing grid stability, and reducing carbon emissions. Key initiatives such as the National Bio Energy Mission, National Green Hydrogen Mission, PM-KUSUM, and PM Surya Ghar Muft Bijli Yojana, reflect the nation’s commitment to a cleaner and self-reliant energy future. As of January 2025, India’s total non-fossil fuel-based energy capacity has reached 217.62 GW.

     

    INSTALLED RENEWABLE ENERGY CAPACITY (MW)

     

    Sector

    Cumulative Achievements (till 31.03.2014)

    2014-15

    2023-24

    2024-25 (01.04.2024 – 31.12.2024)

    Cumulative Achievements (till 31.12.2024)

    Wind Power

    21,042.58

    2,311.77

    3,253.38

    2,276.65

    48,163.16

    Solar Power

    2,821.91

    1,171.62

    15,033.24

    16,051.10

    97,864.72

    Small Hydro Power

    3,803.68

    251.68

    58.95

    97.30

    5,100.55

    Biomass (Bagasse) Cogeneration

    7,419.23

    295.67

    0.00

    372.86

    9,806.42

    Biomass (Non-bagasse) Cogeneration

    531.82

    60.05

    107.34

    0.00

    921.79

    Waste to Power

    90.58

    0.00

    1.60

    0.00

    249.74

    Waste to Energy (Off-grid)

    139.79

    9.71

    30.17

    34.13

    370.20

    Total

    35,849.59

    4,100.50

    18,484.68

    18,832.04

    162,476.58

     

    CCDC Wind Initiative

    About the Scheme:

    Launched in June 2020, the Centralized Data Collection and Coordination (CCDC) Wind Initiative aims to advance India’s wind energy development by improving wind resource assessment through accurate data collection and research. The initiative provides valuable insights for project developers, helping them identify the most promising locations for wind energy projects. It supports the efficient implementation of large-scale wind energy projects and encourages investments in the wind sector. The Government, through National Institute of Wind Energy (NIWE), has installed over 800 wind-monitoring stations all over country and issued wind potential maps at 50m, 80m and 100m above ground level. As on 30 January 2024, India’s cumulative wind power capacity stands at 48.16 GW.

    Objective:

    • Facilitate wind energy development through centralized data collection and research.
    • Provide accurate wind resource assessment for better site identification.
    • Promote private sector investments and public-private partnerships in wind energy projects.

     

     

    Key Achievements:

     

    • Enhanced wind resource mapping has contributed to the successful identification of over 50 potential wind energy sites nationwide.
    • Contributed to the development of over 10 GW of new wind energy capacity from 2020-2024, increasing India’s wind energy capacity by 30%.
    • Significant growth in wind energy capacity, from 1.86 GW in March 2004 and 21.04 GW in December 2014 to 48.16 GW in January 2025, reflecting the initiative’s impact.
    • In 2024, the Union Cabinet approved a Rs. 7,453 crore Viability Gap Funding (VGF) scheme to set up India’s first offshore wind energy projects. The scheme includes Rs. 6,853 crores for 1 GW of offshore wind capacity (500 MW each off the coasts of Gujarat and Tamil Nadu) and Rs. 600 crores for port upgrades to support logistics for these projects.

    National Green Hydrogen Mission

    About the Scheme:

    Launched in January 2023, the National Green Hydrogen Mission is an ambitious initiative aimed at transitioning India towards a hydrogen-based economy. The scheme focuses on the development of indigenous technology for green hydrogen production, infrastructure for storage, transportation, and utilization. By promoting hydrogen as a clean energy source, the mission aims to position India as a global leader in green hydrogen production and export, thereby driving sustainability and reducing dependence on fossil fuels. With over Rs. 8 lakh crores in total investments, green hydrogen capacity is expected to reach 5 million metric tons by 2030. This is expected to create 6 lakh jobs by 2030.

    Objective:

    • Making India a leading producer and supplier of Green Hydrogen in the world.
    • Creation of export opportunities for Green Hydrogen and its derivatives.
    • Reduction in dependence on imported fossil fuels and feedstock.
    • Development of indigenous manufacturing capabilities.
    • Attracting investment and business opportunities for the industry.
    • Creating opportunities for employment and economic development.
    • Supporting R&D projects.

     

     

    Key Achievements:

    • ₹19,744 crore allocated for the mission’s implementation, with a focus on infrastructure development and technology innovation. The Mission has an outlay of ₹600 crore for FY 2024-25.
    • Establishment of 3 hydrogen production hubs in key locations across the country.
    • Tenders awarded to companies for 4.12 lakh tonnes per annum green hydrogen production.
    • Development of key policies and financial incentives, with 50% subsidy on electrolyser manufacturing and hydrogen production. Selection of manufacturers for 1,500 MW electrolyser capacity was also conducted in 2024.
    • The International Conference on Green Hydrogen (ICGH – 2023) took place in New Delhi from 5th to 7th July, 2023, featuring global participation from industry, academia, and government.
    • From 18th to 22nd March, 2024, India hosted the 41st International Partnership for Hydrogen and Fuel Cells in the Economy (IPHE) Meeting in New Delhi, fostering collaboration on clean hydrogen technologies.
    • From September 11-13, 2024, the 2nd International Conference on Green Hydrogen (ICGH) in New Delhi emphasized advancements in green hydrogen technology and India’s leadership in the sector.
    • The year 2024 also witnessed India’s innovative renewable energy solutions being showcased on international platforms such as the World Hydrogen Summit 2024 in Rotterdam, Netherlands.

     

    National Solar Mission (NSM)

     

    About the Scheme:

    Launched in January 2010, NSM is a major initiative to promote ecological sustainable growth while addressing India’s energy security challenges. It is also a major contribution by India to the global effort to meet the challenges of climate change. In order to achieve the above target, Government of India have launched various schemes to encourage generation of solar power in the country like Solar Park Scheme, VGF Schemes, CPSU Scheme, Defence Scheme, Canal bank & Canal top Scheme, Bundling Scheme, Grid Connected Solar Rooftop Scheme etc.

     

    Objectives:

    • Establish India as a global leader in solar energy by creating the policy conditions for solar technology diffusion across the country as quickly as possible.
    • Achieve the Nationally Determined Contributions (NDCs) target to achieve about 50 percent cumulative electric power installed capacity from non-fossil fuel-based energy resources and to reduce the emission intensity of its GDP by 45 percent from 2005 level by 2030.

     

    Off-Grid Solar PV Programme:

    Off-grid Solar PV Applications Programme is one of the oldest programmes of the Ministry aimed at providing solar PV-based applications in areas where grid power is either not available or is unreliable. Applications such as solar home lighting systems, solar street lighting systems, solar power plants, solar pumps, solar lanterns and solar study lamps are covered under the programme.

     

    Solar Grid Connected Programme:

    Government of India have launched various schemes to encourage generation of solar power in the country like Solar Park Scheme, VGF Schemes, CPSU Scheme, Defence Scheme, Canal bank & Canal top Scheme, Bundling Scheme, Grid Connected Solar Rooftop Scheme etc. Various policy measures are also undertaken to promote the grid connected solar power plants. By 2023, India achieved 5th rank in the world in solar power deployment.

     

    Key Achievements:

     

    Parameter

    2016

    (By March 2016)

    2024

    (By March 2024)

    Total Installed Solar Capacity

    9.01 GW

    *96.86 GW

    Number of Solar Parks

    34

    58

    Total Capacity of Solar Parks

    20 GW

    40 GW

    Rooftop Solar Capacity

    90.8 MV

    11,503 MV

    Number of Solar Home Lights

    13.96 lakh

    17.23 lakh

    Number of Solar Street Lights

    4.42 lakh

    9.44 lakh

    Installed Capacity of Power Plants

    172.45 GW

    216.86 GW

     

    • In March 2016, the total installed solar capacity was 9.01 GW and by March 2024, the total installed solar capacity stood at 81.81 GW. *As of 28 January 2025, the total installed solar capacity is 97.86 GW.
    • As of March 2024, the total estimated solar potential of the country stood at 748.98 GW.
    • As of March 2024, there are a total of 58 solar parks in India with a sanctioned capacity of 40 GW, in contrast to March 2016, when there were only 34 solar parks with 20 GW sanctioned capacity.
    • In March 2016, there was only 90.8 MV installed solar capacity under the Rooftop PV and Small Solar Power Generation Programme (RPSSGP). In March 2024, the total installed capacity has reached 11,503 MV.
    • In 2024, for off-grid projects, India has 17.23 lakh solar home lights, 84.59 solar lamps, 9.44 lakh solar street lights and an installed capacity of 216.86 GW from solar power plants. This has increased from 2016, when 13.96 lakh solar home lights, 4.42 lakh solar street lights and 172.45 GW of installed solar capacity from power plants.

    PM-KUSUM Scheme: (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan)

    About the Scheme:

    Launched in March 2019, the PM-KUSUM Scheme supports farmers by offering financial assistance for installing solar-powered irrigation systems, including solar pumps and grid-connected solar power plants. By shifting to solar energy, the scheme also helps to reduce carbon emissions and improve energy access in rural agricultural areas. Under the Scheme, central government subsidy upto 30% or 50% of the total cost is given for the installation of standalone solar pumps and for the solarization of existing grid-connected agricultural pumps.

     

    Objective:

    • Promote solar energy adoption among farmers by subsidizing solar-powered irrigation.
    • Reduce dependency on diesel pumps, leading to lower fuel costs and improve energy access in rural agricultural areas.
    • Enhance income generation through surplus solar energy sales.

     

     

    Key Achievements:

     

    • Over 6.1 lakh solar pumps installed nationwide by December 2024, as compared to 3.3 lakh solar pumps installed by December 2021.
    • 35 lakh grid-connected agriculture pumps solarized.
    • As of June 2024, more than 4 lakh farmers nationwide have benefited from the PM-KUSUM scheme.

     

     

    • Under Components B and C of PM-KUSUM: 30% CFA provided (or 50% for North Eastern/Hilly regions/Islands) for installing standalone agriculture pumps and solarizing grid-connected pumps.
    • About 11.34 GW of solar energy capacity has been installed during January to November 2024.

     

    PM Surya Ghar Muft Bijli Yojana

    About the Scheme:

    Launched in February 2024, the PM Surya Ghar Muft Bijli Yojana, the world’s largest domestic rooftop solar initiative, is designed to promote rooftop solar energy adoption in residential areas. By providing financial incentives and subsidies for solar panel installation, the scheme enables households to generate their electricity, reducing their dependence on the national grid and lowering electricity bills. The initiative has a bold vision to supply solar power to one crore households by March 2027.

    Objective:

    • Encourage rooftop solar adoption in residential sectors.
    • Provide financial incentives and subsidies for solar panel installation.
    • Enable households to generate their own electricity, reducing dependency on the grid.
    • Reduce electricity bills by allowing households to generate and sell surplus solar energy to the grid.

     

    Key Achievements:

     

    • Increased participation in the distributed solar energy ecosystem, with over 1 lakh homes installing rooftop panels in the first year.

     

     

    • Households benefiting from 20-30% reduction in electricity bills due to self-generated solar power.
    • Within just 10 months of PMSGMBY, 7 lakh installations have been achieved—an average of 70,000 per month. This marks a ten-fold increase in monthly installations compared to the average of 7,000 per month prior to the launch of the scheme in February 2024.
    • States such as Gujarat, Maharashtra, Kerala, and Uttar Pradesh have demonstrated exceptional progress, reflecting robust infrastructure and stakeholder collaboration.
    • Issuance of Operational Guidelines for the ‘Model Solar Village’ scheme, with a total outlay of ₹800 crore, granting ₹1 crore grant for the winning village in each district. It aims to promote solar energy adoption and make villages self-reliant in energy. Villages with populations over 5,000 (or 2,000 in special states) can compete based on their renewable energy capacity.

     

    References

    MNRE Annual Reports (2016-2024)

    https://npp.gov.in/dashBoard/cp-map-dashboard

    https://mnre.gov.in/en/year-wise-achievement/#

    https://www.india.gov.in/spotlight/national-green-hydrogen-mission

    https://mnre.gov.in/en/national-green-hydrogen-mission/

    https://pib.gov.in/PressNoteDetails.aspx?NoteId=151902

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2089056

    https://ccdcwind.gov.in/potential_of_wind_energy_in_india.html

    https://cdnbbsr.s3waas.gov.in/s3716e1b8c6cd17b771da77391355749f3/uploads/2024/05/20240524405410771.pdf

    https://cdnbbsr.s3waas.gov.in/s3716e1b8c6cd17b771da77391355749f3/uploads/2023/08/2023080324.pdf

    https://cdnbbsr.s3waas.gov.in/s3716e1b8c6cd17b771da77391355749f3/uploads/2024/10/20241029512325464.pdf

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2094992

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1943905

    https://mnre.gov.in/en/bio-gas/

    https://pmkusum.mnre.gov.in/

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2081250

    https://www.pmsuryaghar.gov.in/

    https://cag.gov.in/uploads/download_audit_report/2015/Union_Civil_Performance_Renewable_Energy_Report_34_2015_chap_8.pdf

    https://powermin.gov.in/sites/default/files/uploads/ar03_04.pdf

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Driving Financial Empowerment

    Source: Government of India

    Posted On: 01 FEB 2025 2:22PM by PIB Delhi

    Transformative schemes boost financial inclusion, insurance, and entrepreneurship

     

    Synopsis

    Key government initiatives have significantly advanced financial inclusion and entrepreneurship, benefiting millions across India. The Pradhan Mantri Jan Dhan Yojana (PMJDY) has opened over 54.58 crore accounts, with deposits rising to ₹2.46 lakh crore by January 2025. The Atal Pension Yojana (APY) has seen a surge in enrolments, reaching 7.33 crore by January 2025, with more than 89.95 lakh new enrolments in FY 2024-25. The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) has enrolled 22.52 crore individuals, with ₹17,600 crore disbursed for 8.8 lakh claims. The Pradhan Mantri Suraksha Bima Yojana (PMSBY) has covered 49.12 crore people, processing ₹2,994.75 crore against accident claims. The Stand-Up India Scheme has sanctioned ₹53,609 crore in loans for 2.36 lakh entrepreneurs, with a focus on SC/ST and women. Finally, the Pradhan Mantri Mudra Yojana (PMMY) has sanctioned ₹32.36 lakh crore for 51.41 crore loans, with 68% of the loans benefiting women and 50% going to SC/ST/OBC categories. These initiatives are instrumental in promoting financial empowerment and inclusive growth.

     

    Introduction

    Financial inclusion remains a key government priority, striving to provide banking, credit, and insurance services to the unbanked and underserved. Through initiatives like the Pradhan Mantri Jan Dhan Yojana, Atal Pension Yojana, and others, the government is working to empower individuals, secure financial futures, and promote entrepreneurship. The motto, “From Jan Dhan to Jan Suraksha,” encapsulates the vision of financial security and inclusive growth for all.

    Pradhan Mantri Jan Dhan Yojana (PMJDY)

    Launched in August 2014, the Pradhan Mantri Jan Dhan Yojana (PMJDY) aimed to bring the unbanked into the formal financial system by expanding access to savings accounts, credit, remittance, insurance, and pensions. Over the decade, it has empowered weaker sections and low-income groups, playing a key role in financial inclusion and economic integration. According to the World Bank’s Global Findex Database 2021, bank account ownership in India more than doubled in the past decade, rising from 35 percent in 2011 to 78 percent in 2021.

    Key Achievements:

    1. Accounts Opened: Grew from 14.72 crore in March 2015 to 54.58 crore by January 15, 2025.
    2. Deposits: Increased from ₹15,670 crore in March 2015 to ₹2,46,595 crore by January 2025.
    3. RuPay Cards: 37.29 crore cards issued to PMJDY accountholders as of January 15, 2025, enhancing digital transactions.

     

    Atal Pension Yojana (APY)

    Launched on May 9, 2015, Atal Pension Yojana (APY) provides social security to unorganised sector workers. It ensures financial stability for the poor and underprivileged. The scheme was operationalised on June 1, 2015. APY is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). It functions under the National Pension System (NPS) framework.

    Key Achievements:

    1. Growth of APY: The Atal Pension Yojana surged from 1.54 crore enrolments in March 2019 to 7.33 crore by January 2025. Its predecessor, the Swavalamban scheme, had 3.01 Lakh enrolments as of 2010-11.

     

    1. FY 2024-25 Progress: Over 89.95 lakh enrolments in the current Financial Year 2024-25.

     

    Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

    Launched on May 9, 2015, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance scheme. Proposed in the 2015 budget, it aimed to expand insurance coverage beyond the then 20% of the population. The scheme provides one-year renewable life insurance covering death from any cause.

    Key Achievements:

    1. Enrolments: Grew from 3.1 crore in FY 2016-17 to 22.52 crore as of January 15, 2025.
    2. Claims Disbursed: ₹17,600 crore disbursed against 8,80,037 claims from a total of 9,13,165 claims received.

     

    Pradhan Mantri Suraksha Bima Yojana (PMSBY)

    Launched on May 9, 2015, Pradhan Mantri Suraksha Bima Yojana (PMSBY) is an accident insurance scheme covering death and disability. It is a one-year renewable policy aimed at increasing insurance penetration. The scheme provides coverage to individuals aged 18-70 with a savings or post office account, benefiting the poor and underprivileged.

     

    Key Achievements:

    1. Enrolments: 49.12 crore cumulative enrolments as of January 15, 2025.
    2. Claims Processed: ₹2,994.75 crore disbursed against 1,50,805 claims from a total of 1,98,446 claims received.

     

     

    Stand-Up India Scheme

    Launched on April 5, 2016, the Stand-Up India Scheme promotes entrepreneurship among women, SCs, and STs. It provides bank loans from ₹10 lakh to ₹1 crore for greenfield enterprises in manufacturing, services, trading, and allied agriculture. The scheme aims to empower aspiring entrepreneurs by easing financial barriers.

    Key Achievements:

    1. Progress: Loan amount sanctioned increased from ₹3,683 crore in March 2018 to ₹53,609 crore by July 2024.
    2. Beneficiaries: 2.36 lakh loans granted to SC/ST and women entrepreneurs as of July 2024.

     

    Pradhan Mantri Mudra Yojana (PMMY)

    Launched on April 8, 2015, Pradhan Mantri MUDRA Yojana (PMMY) supports small and micro enterprises with loans up to ₹10 lakh. In Union Budget 2024-25, the loan limit was increased to ₹20 lakh. MUDRA facilitates financial inclusion by refinancing micro units and empowering aspiring entrepreneurs.

    Key Achievements:

    1. Loans Sanctioned: ₹32.36 lakh crore sanctioned for 51.41 crore loans (as of Jan 2025)
    2. Borrower Distribution: 68% loans to women and 50% to SC/ST/OBC categories

     

    Category-Wise Breakup

    Category

    No. of Loans

    Amount Sanctioned

    Shishu

    79%

    36%

    Kishor

    19%

    40%

    Tarun

    2%

    24%

    Tarun Plus

    –

    –

    Total

    100%

    100%

     

    Data Source: Ministry of Finance

    Click here to download PDF

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  • MIL-OSI Asia-Pac: “The reforms in the mining sector, especially with respect to critical minerals will mark a major step toward realizing the vision of Viksit Bharat 2047, building an Atmanirbhar, future-ready Bharat”: G Kishan Reddy, Union Minister of Coal and Mines

    Source: Government of India

    “The reforms in the mining sector, especially with respect to critical minerals will mark a major step toward realizing the vision of Viksit Bharat 2047, building an Atmanirbhar, future-ready Bharat”: G Kishan Reddy, Union Minister of Coal and Mines

    Today’s Budgetary announcements continue our government’s steadfast commitment towards the growth and modernization of the mining sector

    In line with the spirit of competitive federalism, the introduction of the State Mining Index is a transformative step that will enhance professionalization of State mining departments

    The announcement of a Tailings Policy further bolsters the objectives of the National Critical Mineral Mission

    The elimination of import duties on non-ferrous metal scraps and critical mineral scraps, including cobalt powder and lithium-ion battery (LIB) scraps, is a game-changer

    The allocation of 300 crores for Coal and lignite gasification will provide pathways to lower emissions, carbon capture and Hydrogen production

    From being a corruption laden and litigation ridden sector prior to 2014, today India’s mining sector is aspiring to be a global player in sustainable mining and critical mineral value chain

    Posted On: 01 FEB 2025 5:45PM by PIB Delhi

    “I extend my heartfelt gratitude to the Hon’ble Finance Minister for the progressive and visionary announcements in the Union Budget 2025-26. Hon’ble Finance Minister Smt Nirmala Sitaraman emphasised that this Budget aims to initiate transformative reforms across six domains in which mining plays a significant role. This also signals India’s major push towards energy transition and sustainable development, strengthening our global competitiveness over the next five years. The reforms in the mining sector, especially with respect to critical minerals will mark a major step toward realizing the vision of Viksit Bharat 2047, building an Atmanirbhar, future-ready Bharat.

    The series of reforms in the coal and mining sector will drive production and innovation at home and at the same time position India as a key player in the global minerals market. The reforms also come at an opportune time of the launch of National Critical Mineral Mission, giving it a massive thrust and will accelerate its implementation.

    As India continues to majorly rely on coal for meeting the energy demands of a growing and aspirational nation, the focus is to strike a balance between energy security and energy transition goals. The allocation of 300 crores for Coal and lignite gasification will provide pathways to lower emissions, carbon capture and Hydrogen production. This will give a huge impetus to India’s energy transition goals and boost our capabilities to produce clean coal while ensuring energy security for the country.

    In line with the spirit of competitive federalism, the introduction of the State Mining Index is a transformative step that will enhance professionalization of State mining departments, encouraging them to innovate and adopt best practices in mineral exploration, auctioning, and sustainable mining. This will drive efficiency, attract investments, and unlock the immense potential of our mineral resources.

    The announcement of a Tailings Policy further bolsters the objectives of the National Critical Mineral Mission. By enabling the recovery of valuable critical minerals from mining tailings, this policy will enhance domestic availability thereby strengthening our strategic industries, including clean energy, semiconductors, defense, and space. Investing in research and development for efficient recovery processes will strengthen India’s self-reliance in critical mineral supply chains.

    Building on the series of tax relief measures for the mining sector of last year’s Budget, particularly concerning critical minerals, this year’s budget also introduces a range of progressive tax proposals. These measures will significantly enhance the competitiveness of the entire mining sector, especially as India begins to solidify its position in the critical mineral industry. The elimination of import duties on non-ferrous metal scraps and critical mineral scraps, including cobalt powder and lithium-ion battery (LIB) scraps, is a game-changer. These measures will enhance the competitiveness of our secondary metal and critical mineral recycling industries, reduce production costs, and stimulate new investments in advanced recycling technologies. This will lead to a major boost in supply chain resilience and promote India as a global leader in critical minerals processing. 

    Over the last 10 years, under the leadership of Hon’ble Prime Minister, Shri Narendra Modi, India’s mining sector has witnessed unprecedented reforms. From being a corruption laden and litigation ridden sector prior to 2014, today India’s mining sector is aspiring to be a global player in sustainable mining and critical mineral value chain. Today’s budgetary announcements continue our government’s steadfast commitment towards the growth and modernization of the mining sector.

    India’s coal and mining sector stands as one of the largest sources of employment in the country, these reforms will further enhance the ambit of the mining sector and create new employment opportunities and enable skill development in next-gen technology.

    As we strive to achieve the goal of Net Zero emissions by 2070 and lead the global energy transition race, the mining sector will play a critical role in securing the critical minerals required for this transformation. India is working on war footing to develop a sound domestic infrastructure for addressing climate change and advancing clean energy solutions. With this approach and continued reforms in the sector, India is set to emerge as a global player in sustainable mining, shaping the future of both our economy and the world.” Union Minister Shri G Kishan Reddy on mining proposals in the Budget 2025-26.

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  • MIL-OSI Asia-Pac: Budget 2025-26 Proposes Framework For Sustainable Harnessing of Fisheries from Indian EEZ and High Seas

    Source: Government of India (2)

    Budget 2025-26 Proposes Framework For Sustainable Harnessing of Fisheries from Indian EEZ and High Seas

    Budget Announcement Targets Approx 2.5 Lakh Tonnes of Untapped Fisheries Potential in Andaman & Nicobar  and Lakshadweep Islands

    Basic Custom Duty reduced from 30% to 5% on Frozen Fish Paste (Surimi); 15% to 5% on Fish Hydrolysate

    Posted On: 01 FEB 2025 5:08PM by PIB Delhi

    In the Union Budget, tabled today in the Lok Sabha for the year 2025-2026, proposed the highest ever total annual budgetary support of Rs. 2,703.67 crores for the fisheries sector. This overall allocation for the financial year 2025-26 has increased by 3.3% in comparison to the allocation of Rs. 2,616.44 crore (BE) made during last year 2024-25. This includes the allocation of Rs. 2,465 crore for Pradhan Mantri Matsya Sampada Yojana during the year 2025-26 that has increased by 4.8% in comparison to the allocation made for the scheme during the year 2024-25 (Rs. 2,352 crore). Union Finance Minister Smt. Nirmala Sitharaman in her budget speech, highlighted India’s achievement as a leader in aquaculture and seafood exports. The budget announcement strategically focuses on enhancing financial inclusion, reducing financial burden on farmers by reducing custom duties and furthering development of the marine fisheries.

    The Budget 2025-26 highlights enabling a framework for sustainable harnessing of fisheries from Exclusive Economic Zone (EEZ) and High Seas with special focus on Lakshadweep and A&N Islands . This will ensure sustainable harnessing of the untapped potential of the marine fish resources in the Indian EEZ and adjacent High Seas for growth in the marine sector. As India has an EEZ of 20 lakh sq. km and a long coastline of 8,118 km with estimated marine potential of 53 lakh tonnes (2018) and dependence of 50 lakh people for their livelihoods on the marine fisheries sector. This offers an enormous scope and potential for harnessing of high valued tuna and tuna like species in the Indian EEZ, especially around the Andaman & Nicobar and Lakshadweep Islands. Government will promote Deep Sea Fishing with capacity development and support acquisition of Resource-Specific Fishing Vessels.

    Development of fisheries in Andaman & Nicobar Islands will target harnessing of its EEZ area of 6.60 lakh sq. km (1/3rd of Indian EEZ) with marine fisheries potential of 1.48 lakh tonnes including potential of 60,000 tons for tuna fisheries. For this purpose, development of Tuna Cluster has been notified and activities such as establishment of on-board processing & freezing facilities in tuna fishing vessels, licensing for deep-sea tuna fishing vessels and single window clearances by the Andaman & Nicobar Administration, harnessing opportunities in sea cage culture, seaweed, ornamental and pearl cultivation have been undertaken. The Development of Fisheries in Lakshadweep Islands will target harnessing of its EEZ area of 4 lakh sq. km (17% of Indian EEZ) and lagoon area of 4200 sq mt with potential of 1 lakh tonnes including potential of 4,200 tonnes for tuna fisheries. For this purpose, development of Seaweed Cluster has been notified and activities such as island-wise area allocation and leasing policy with end-to-end value chain by Lakshadweep Administration, formation of women Self Help Group (SHGs) and capacity building through ICAR Institution in collaboration with private entrepreneurs and Lakshadweep Administration, harnessing opportunities in tuna fishing and ornamental fish farming have been undertaken.

    In the Union Budget 2025, the Government of India increased the Kisan Credit Card (KCC) lending limit from ₹3 lakh to ₹5 lakh to enhance credit accessibility for fishers, farmers, processors and other fisheries’ stakeholder. This move aims at streamlining the flow of financial resources ensuring that necessary funds are easily accessible for fulfilling working capital requirements of the sector. Enhanced credit availability will support adoption of modern farming techniques and strengthen rural development and economic stability, reinforcing the government’s commitment to making institutional credit more inclusive and accessible.

    To enhance Indias competitiveness in global seafood market and to increase the share of value -added products in our export basket, Union Finance Minister proposed to reduce Basic Custom Duty (BCD) on frozen fish paste (surimi) from 30% to 5% for manufacturing and export of value-added seafood products like Imitation Crab Meat Sticks, Surimi Crab Claw Products, Shrimp analogue, lobster analogue and other surimi analogue or Imitation products etc. Further, to strengthen the Indian shrimp farming industry globally, import duty reduction from 15% to 5% on fish hydrolysate an important input for manufacturing of aquafeed has been announced. This is expected to lower production costs and increase revenue and profit margins for farmers, thereby improving and increasing exports. 

    Background

    Termed as one of the key ‘sunrise sectors’ of the Indian economy, the Indian Fisheries sector continues to make its mark and grow at a very healthy pace registering the highest average annual decadal growth of 9.08% in value of output (FY 2014-15 to 2022-23) amongst allied sectors under Agriculture (Niti Aayog Report 2024). This growth story is marked by India’s global ranking as 2nd largest fish producing country with ~8% share in global fish production and a record high fish production of 184.02 lakh tonnes (2023-24). India also stands 2nd in aquaculture production with 139.07 lakh tonnes in 2023-24 and is one of the top shrimp producing and seafood exporting nations in the world with a total export value of Rs 60,524 crore (2023-24). The sector provides sustainable livelihoods to over 30 million people within the marginalized and vulnerable communities. With the motto of ‘SabkaSaath, SabkaVikas, Sabka Vishwas, Sabka Prayas’, Government  of India continues to prioritise the development of the fisheries sector as a key driver towards Viksit Bharat by 2047.

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  • MIL-OSI Asia-Pac: Union Budget boosts Shipbuilding with New Mega Clusters in India: Sonowal

    Source: Government of India

    Union Budget boosts Shipbuilding with New Mega Clusters in India: Sonowal

    Budget Sets Up Maritime Development Fund (MDF) of ₹25,000 crores, propels India’s Maritime Sector

    SBFAP 2.0 revamped to optimise cost disadvantages, boost capacity of Indian Shipyards & spur domestic shipbuilding production

    New Credit Note Scheme for Ship Breaking in Indian Yards – Incentivises buying of new ships in India

    ₹6100 crores to upgrade, modernise & automate Indian Ports operations to upscale efficiency

    Basic Customs Duty (BCD) exemption on inputs for Shipbuilding & Ship Breaking extended for 10 years

    Posted On: 01 FEB 2025 4:39PM by PIB Delhi

    The Union Budget has placed strong impetus to realise the huge potential of India’s shipping sector. The forward-looking document aims at further enabling India’s shipbuilding industry with spurring & innovative initiatives to drive investment, generate income for the economy, train and employ human capital and create value for the future of the country. The Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal welcomed the budget and termed it progressive policy statement towards realising the vision of Prime Minister Shri Narendra Modi of a Viksit Bharat by 2047.

    On the occasion, Shri Sonowal said, “I welcome the Union Budget presented in Parliament today. This budget serves as a catalyst for economic growth, aligning with Prime Minister Narendra Modi ji’s vision of a ‘Viksit Bharat, Atmanirbhar Bharat.’ I congratulate Finance Minister Nirmala Sitharaman ji for presenting a forward-looking budget that embodies the principles of good governance, progressive reforms, and innovative policymaking. This budget not only strengthens business and trade sentiment but also acts as a springboard for economic expansion, capacity building, and solution-driven holistic development of the society and growth of the economy. By unlocking value and enriching national assets, it lays the foundation for sustained progress and people-centric development. The budget aims to generate wealth, drive welfare initiatives, and foster public participation in nation-building. It safeguards the interests of future generations while elevating the quality of life for the people of Bharat.”

    The Union Budget proposes to set up Maritime Development Fund (MDF) to support India’s Maritime sector by providing financial assistance, via equity or debt securities. The initial corpus of the fund is pegged at ₹25,000 crores – where the Government contribution will be 49%. The remaining balance will be contributed by Major port authorities, other government entities, Central PSEs, Financial Institutions as well as private sector. This fund will directly benefit in financing for ship acquisition. It aims at boosting Indian flagged ships share in the global cargo volume upto 20% by 2047. Further, indigenous fleet will reduce dependability of foreign ships, improve Balance of Payment and secure Strategic interests of the country. By 2030, MDF is aiming at generating upto ₹1.5 lakh crore investment in the shipping sector.

    Speaking on the initiatives for spurring the India’s Maritime sector, the shipping minister, Shri Sarbananda Sonowal said, “It is reassuring to see that the budgetary initiatives for India’s marine sector are focused on unlocking its vast potential and enhancing existing assets through upgrades, modernisation, and automation. A key highlight is our ministry’s development of new shipbuilding clusters of 1.0 to 1.2 Million Gross Tonnage (GT) each. This strategic push is crucial in realising India’s vision of becoming a $30 trillion economy by 2047. By leveraging the Public-Private Partnership (PPP) model, the scheme is designed to attract private investment, promote modernisation, and advance green technologies. These efforts will enhance India’s global competitiveness, drive sustainable growth, and solidify its position as a leading Global Maritime Hub.”

    The Union Budget provided a shot-in-the-arm to India’s domestic shipbuilding industry after it announced new mega shipbuilding clusters in the country. This scheme will provide direct capital support in the form of creating the breakwater along with capital dredging. It also proposes a 10-year rent holiday for the land, if not provided at a nominal rate. Investment is also designed to support creation of trunk infra like roads, utilities, sewage treatment among others. The proposed allocation of ₹6,100 crore aims to support India’s existing shipyards in upgrading, modernising, and automating their operations, enhancing efficiency, utilisation, and overall output.

    The Union Budget has also extended the Shipbuilding Financial Assistance Policy (SBFAP) 2.0, aimed at providing direct financial subsidies to Indian shipyards. This initiative seeks to help in securing orders by offsetting operational cost disadvantages, thereby strengthening the domestic shipbuilding industry. To be financed via Budgetary support, the total outlay of the scheme is ₹18,090 crores.

    Another innovative scheme announced in the budget is the Shipbreaking Credit note. This scheme incentivises Ship Scrapping by issuing a Credit Note of 40% of the scrap value which can be reimbursed to buy new Made in India ships.

    Adding further, Shri Sonowal said, “India’s maritime sector has witnessed significant progress since 2014, and with the latest announcements by the Finance Minister, we are confident that the shipbuilding industry will serve as a catalyst for economic growth. While the Shipbuilding Financial Assistance Policy (SBFAP) is designed to provide financial incentives to Indian shipyards, the Ship-breaking Credit Note further strengthens the domestic industry by encouraging investment and expansion. These measures are expected to drive capital inflows, create employment opportunities, and enhance sectoral competitiveness. Additionally, a renewed focus on training and human capital development will ensure a skilled workforce, equipping professionals with expertise in modern shipbuilding technologies, automation, and sustainable maritime practices. This holistic approach will not only support industry growth but also position India as a global leader in shipbuilding and maritime innovation.”

    Highlighting the need to develop trained professionals in the sector, the budget allocated specific funds for training and development of human resources in order to leverage India’s position as a global leader in maritime human capital. The budget provided for Shipbuilding Capability Development Centres (SCDC) is aimed propping up platform for development of innovative ship design and engineering solutions as well as testing & evaluation of Shipping projects. An outlay of ₹1200 crores have been earmarked for this. Additional provision of ₹1040 crores have been announced for providing capital and operational assistance to the existing and upcoming shipbuilding design and training centres from the private sector.  A budgetary allocation of ₹610 crores is proposed for a support scheme for Research & Development (R&D) and innovation in ship technology. This initiative will foster development of new and improved shipbuilding technologies. New incentives are projected to generate 11 lakhs of direct or indirect employment.

    In a welcome move for the shipping industry, the Union Budget also proposes include Large Ships of certain size in to the Infrastructure Harmonised Master List (HML). This will make them eligible for benefits such as easier access to long-term financing and tax incentives. This will also attract private investment and enhance fleet modernisation.

    In a boost to the inland waterways in the country, the Tonnage Tax Scheme is now extended to Inland vessels. This will encourage more cargo movement as the vessels will avail tax benefit from its capacity, instead of profit. This will further incentivises shipping companies to invest in inland waterways vessels as it becomes financially more viable. The extension of PM GATI SHAKTI Portal to private players will further bring efficiency in cargo movement via multi modal infra planning at a more economical rate.

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  • MIL-OSI Australia: Streamlining infrastructure between government and industry

    Source: Allens Insights

    The NSW Government’s new plan 9 min read

    Since releasing the NSW Government Action Plan: A ten point commitment to the construction sector (the Ten Point Commitment) in 2018, the construction sector has undergone significant change. Having met the challenges of unpredictable external factors like COVID-19, extreme weather and geopolitical instability, the construction sector continues to grapple with supply chain constraints, rising material costs, labour shortages and skills gaps, increasing pressure to reduce carbon emissions and adapting to technological change.

    In recognition of this, at the end of last year, Infrastructure NSW published the NSW Government Principles for Partnership with the Construction Industry (the Principles), which will replace the Ten Point Commitment.

    The Principles aim to streamline the delivery of infrastructure projects by bolstering cooperation between the NSW Government and construction industry participants to face these challenges together. The refreshed Principles signal an increased government focus on local industry, growing a skilled and diverse Australian construction workforce and embedding decarbonisation into procurement processes.

    In this Insight, we cover:

    • what the seven Principles are;
    • how they compare against the Ten Point Commitment; and
    • how these Principles can be used to secure success for your projects.

    Key takeaways

    • While the Ten Point Commitment focused on government action to improve the delivery of NSW’s infrastructure pipeline, the new Principles invite greater collaboration between government and industry.
    • The Principles place a sharper focus on social and environmental policy objectives than the Ten Point Commitment, including in relation to gender equality, workforce flexibility and decarbonisation.
    • Given that the policy objectives promoted by the Principles are likely to become explicit tender requirements and performance benchmarks for future NSW Government projects, industry partners will need to consider how to adhere to the Principles. Steps may involve, for example, implementing workplace flexibility plans, changing work, health and safety requirements in supply chains and downstream contractor arrangements, and meeting new carbon reporting requirements.

    The story so far: why were the Principles introduced?

    In 2018, through the Ten Point Commitment, the NSW Government made the following commitments in relation to the procurement and delivery of the NSW infrastructure pipeline:

    1. procure and manage projects in a more collaborative way;
    2. adopt partnership-based approaches to risk allocation;
    3. standardise contracts and procurement methods;
    4. develop and promote a transparent pipeline of projects;
    5. reduce the cost of bidding;
    6. establish a consistent NSW Government policy on bid cost contributions;
    7. monitor and reward high performance;
    8. improve the security and timeliness of contract payments;
    9. improve skills and training; and
    10. increase industry diversity.

    In the six years since then, the construction sector has been heavily impacted by evolving market conditions, including:

    The Principles seek to refresh the Ten Point Commitment in light of these changing market conditions. Infrastructure NSW and its member agencies are also devising an implementation plan to ensure that the Principles are implemented effectively, although a release date for this plan is yet to be announced.

    The next chapter: the Principles for Partnership with the Construction Industry

    Before diving into the detail of the Principles, there are two key differences between the Ten Point Commitment and Principles in the NSW Government’s approach to setting down principles for partnership with the construction industry:

    • While the Ten Point Commitment focused on government commitments, the Principles place a much greater focus on collaboration between government and industry. Each principle has three components: (1) the objectives to be achieved, (2) the actions that the NSW Government commits to, and (3) the actions that industry partners are invited to take. As such, the Principles go further than its predecessor by inviting actions for participants, not just government.
    • While the Ten Point Commitment focused on streamlining and optimising the procurement and delivery process for infrastructure projects in NSW, the Principles have a much broader focus on the general health of the construction supply chain in NSW, with four of the seven Principles geared towards developing a healthy, sustainable, local industry and a workforce that can attract and retain employees. The Principles also integrate other social and sustainability goals, including in relation to housing and decarbonisation.

    Turning to the detail, the seven Principles are:

    The NSW Government has committed to promoting the local construction industry by signalling early opportunities for local manufacturing, establishing new functions to boost participation (such as the Future Jobs and Investment Authority), mandating tender weighting towards local content, job creation, SME participation and ethical supply chains, expanding the Industry Capability Network portal and providing opportunities to the local workforce. It remains to be seen how mandating tender weighting towards local content at the state level will interact with Australia’s obligations under its free trade agreements.

    The Principles also prioritise the development of local off-site and prefabricated manufacturing to support the delivery of the NSW Government’s housing objectives.

    The Principles aim to support worker safety and wellbeing by improving safety and culture in the construction industry. Notably, the Principles include a government promise to update the WHS Management Guidelines for Construction to reflect the need to protect psychosocial safety, in addition to physical safety. This Principle seems particularly germane given the Federal Government’s decision to place the construction arm of the CMFEU into administration after allegations of corruption and bullying resurfaced in August last year.

    The Principles also request that industry partners update their subcontract and supply chain arrangements to include safety and wellbeing expectations. The NSW Government will consider a company’s performance against this metric when awarding future work opportunities.

    This principle seeks to simplify procurement processes, and in turn, boost productivity, by committing to:

    • enhancing tender processes to reduce the cost of bidding (for example, by allowing reliance on technical documents);
    • involving stakeholders earlier in project development to avoid over-engineering (which may involve capping the amount of pre-tender, internal design at, for example, 30%);
    • streamlining government processes by harmonising requirements and standards with other jurisdictions (for example, in the area of trade qualifications) and promoting whole-of-government GC21 (D&C) standard form contracts; and
    • encouraging innovation in contractual arrangements and exploring uses for modern methods of construction (eg prefabrication).

    It will be particularly interesting to see which NSW Government departments, if any, allow reliance on tender documents and choose to cap pre-tender design, given this has been a point of discussion between government and industry for some time now.

    This principle also focuses on opportunities to harness digitisation to increase productivity by streamlining data creation and management, and deploying digital tools in project design, procurement and delivery.

    The NSW Government has committed to improving diversity and ensuring high-quality training across the construction industry. Practically, this will be implemented by prioritising construction skills in the 2024-2028 NSW Skills Plan and supporting vocational training courses, amongst other things.

    This Principle aligns with a nationwide push to increase skills in the construction industry – the Federal Government committed $90.6 million towards upskilling the construction and housing sector in the 2024-25 Federal Budget, and is considering the implementation of a National Energy Workforce Strategy after receiving submissions during August and September 2024 on the same.

    The Principles’ overall focus on investing in skills and jobs is made explicit in Principle 5, which aims to enhance industry culture and diversity (and therefore retention). Women only constitute 2% of qualified construction trade workers in Australia – this is a marginal improvement from the ‘1-2%’ recorded in the Ten Point Commitment (but less than the ‘doubling’ that was targeted in that Commitment). The NSW Government proposes to introduce a Culture in Construction Taskforce and pilot programs under a draft Culture Standard for the Construction Industry to collate data and implement measures to improve diversity. It will be interesting to see how this Principle will play out in the NSW market, given the rolling back of similar diversity, equality and inclusion programs in the US federal and private sectors.

    The NSW Government is also proposing a whole-of-government Contractor Performance Reporting system to deliver enhanced insights into culture and diversity in the industry. In an effort to promote work-life balance, industry partners have been asked to adopt workforce flexibility plans, with a view to achieving working weeks of ≤50 hours per week and a five-day work week where possible, or a 5 in 7 day work week. While this is a noble ambition, the Principle does not explain how industry partners will be supported to achieve this ambition in light of the increasing prevalence of painshare/gainshare models and the long-staying ‘stick’ of liquidated damages for late delivery, which incentivise timely completion.

    Like the Ten Point Commitment, the Principles reiterate the NSW Government’s focus on achieving value for money, and delivering projects on time and on budget. However, the Principles also acknowledge that contractors have been facing increased financial capacity constraints and, as such, seek to foster collaborative risk allocation and transparency in relation to financial capacity to ensure the sustainability of each project throughout its lifecycle.

    To achieve this, the NSW Government has committed to:

    • monitoring the financial capacity of its contractors, with a view to identifying and mitigating capacity risks;
    • sizing its contract packages to accommodate a diverse range of contractors;
    • improving the guidance available to contractors in relation to financial capacity assessments; and
    • tailoring its security requirements to contractors’ financial capacity risk profiles and revising payment frequencies, where appropriate, to assist with cashflow.

    At this stage, there are still open questions about whether ‘tailored’ security means that contractors will be required to put up less security (to alleviate financing costs) or more security (to guard against contractor insolvencies). However, a shift in government payment frequencies would certainly support the construction industry by improving cash flow and reducing reliance upon (and the cost of) lines of credit. A new gold standard in public infrastructure contracts may lead to a shift away from monthly payment terms more broadly.

    The Principles acknowledge that decarbonising infrastructure delivery will be critical to the NSW Government realising its commitment to net zero by 2050, and its interim emission reduction targets of 50% and 70% by 2030 and 2035. As such, the NSW Government has committed to considering the carbon impact of each project in its existing infrastructure decision-making processes and challenging the need for new infrastructure, where possible.

    The NSW Government will also provide a consistent approach to measuring carbon across different asset types and will mandate a measurement of embodied carbon emissions to be included in the business case, planning approval, design and procurement and practical completion requirements of each project. These commitments sit alongside the measures in the Decarbonising Infrastructure Delivery Policy and Measurement Guidance, released by the NSW Government in April 2024, and join the groundswell of momentum towards better carbon reporting and transparency in both the government and private sectors (see our Insight on mandatory climate-related financial disclosures).

    Renewed commitments: the similarities between the Ten Point Commitment and the Principles

    Some aspects of the Principles reiterate or build upon the NSW Government’s existing commitments under the Ten Point Commitment. For example:

    Shifting priorities: the differences between the Ten Point Commitment and the Principles

    On the other hand, the Principles also herald some new areas of focus, with much stronger commitments around decarbonisation and workforce culture. The key differences between the Ten Point Commitment and the Principles include:

    • Decarbonisation: while the Ten Point Commitment is silent on decarbonisation, the Principles set out specific measures that the NSW Government will implement to track and report on embodied carbon within its infrastructure projects. This shift reflects the broader changes in global environmental commitments, regulation and stakeholder expectations in the last six years.
    • Gender diversity and equity:while the Ten Point Commitment acknowledged the need to boost diversity within the workforce, the Principles particularly focus on women’s participation in the construction industry. For example, the NSW Government has committed to considering a company’s progress towards citation by the Workplace Gender Equality Agency (WGEA) as a ‘Gender equitable employer of choice’ as part of the tender process.
    • Workforce culture: whereas the Ten Point Commitment sought to reward ‘high performing’ contractors exhibiting ‘key behaviours and values expected of good clients and contractors’, the Principles go beyond that by explicitly calling out the need to improve psychosocial safety and wellbeing on construction sites. Industry participants are asked to incorporate these expectations within their downstream and supply chain arrangements, and will be assessed on their performance in respect of future opportunities for work.
    • Financial sustainability: with the rise in contractor insolvencies in the last six years, the Principles purport to have a much greater focus on assessing and improving the financial capacity of contractor entities than the Ten Point Commitment.
    • Innovation and digital practices: the Principles have embraced the potential for digital tools to improve productivity much more explicitly than the Ten Point Commitment (which did not mention technology or digital practices at all). The Principles push for standardised data and baseline productivity metrics to be developed, alongside accelerated implementation of digital practices and tools across the lifecycle of the project.

    What’s next?

    While there is some overlap between the Ten Point Commitment and the Principles, the Principles demonstrate a clear shift in priority towards addressing some of the more structural issues facing the Australian construction industry (particularly around skills shortages, workforce retention and financial capacity).

    Collaboration between industry and government (at both the state and federal levels) will be imperative in achieving a coordinated response to these structural issues and bolstering the local construction industry. Decarbonisation has also emerged as a key priority for partnership with the construction industry. This priority aligns with the increasing focus more generally on reducing emissions in hard-to-abate industries as corporations and governments chase down their decarbonisation targets.

    Infrastructure NSW will track progress against the Principles for Partnership in its annual Progress Report, as it has previously done with the Ten Point Commitment.

    MIL OSI News –

  • MIL-OSI New Zealand: Land Information Minister to tour Antarctic monitoring sites

    Source: New Zealand Government

    Land Information Minister and Associate Defence Minister Chris Penk will travel to Antarctica this week to see New Zealand’s scientific and international cooperation efforts on the ice. 

    “Our scientists carry out globally significant research in one of the most challenging environments in the world, alongside essential conservation work,” Mr Penk says.  

    The Minister will meet with teams from Antarctica New Zealand and the New Zealand Defence Force who support our scientific programmes.  

    “I will visit monitoring sites in Antarctica where there is critical instrumentation that informs navigation systems, topographical maps, and nautical charts. I’ll also observe active research that helps us understand land movement,” Mr Penk says.  

    The visit coincides with the HMNZS Aotearoa’s fuel resupply mission to McMurdo Station, an important contribution by New Zealand to the US-NZ Joint Logistic Pool.  

    Mr Penk will meet with NZDF staff assisting the mission and offloading the ship, and our closest neighbours, the United States, at McMurdo Station. 

    “The US is a critical partner in supporting New Zealand’s operations at Scott Base, and we work closely to preserve the region for future generations as a place for peace and science.” 

    Mr Penk is scheduled to depart from Christchurch on Thursday 8 November and is expected to return to New Zealand on Tuesday February 11. 

    He is the third Minister to visit Antarctica in recent months, following visits from Finance Minister Nicola Willis and Climate Change Minister Simon Watts in November 2024.  

    MIL OSI New Zealand News –

  • MIL-OSI Asia-Pac: Mining Identified in the Union Budget 2025-26 as One of the Six Domain Areas for Transformative Reforms

    Source: Government of India

    Posted On: 01 FEB 2025 4:36PM by PIB Delhi

    In the Union Budget 2025-26 presented by the Union Minister of Finance and Corporate Affairs Smt Nirmala Sitharaman today, Mining has been identified along with five other domain areas, namely Taxation; Power Sector; Urban Development; Financial Sector; and Regulatory Reforms, for transformative reforms, which will augment India’s growth potential and global competitiveness during the next five years.

    To encourage mining sector reforms in States, including those for minor minerals, sharing of best practices and the institution of a State Mining Index has been announced. Further, a policy for recovery of critical minerals from tailings has been announced. Good tailings management will increase domestic availability of critical minerals and also promote the domestic processing industry.

    The budget has also announced the elimination of customs duty on several scrap items, which will promote the recycling industry in the country. The elimination of copper, brass, lead and zinc scraps will benefit the domestic secondary producers by reducing their costs. This will also provide a level playing field vis-à-vis international secondary producers, and enable Indian players to compete globally and increase exports of secondary/downstream products. Duty elimination on scraps of 12 critical minerals (including copper), cobalt powder and lithium ion battery scrap will provide feedstock to the critical mineral recycling industry at a lesser cost, making this industry more competitive, and also promote investments in newer capacity.

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    Shuhaib T

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  • MIL-OSI USA: Houses of Worship and Other Nonprofits May Apply for Federal Public Assistance

    Source: US Federal Emergency Management Agency

    Headline: Houses of Worship and Other Nonprofits May Apply for Federal Public Assistance

    Houses of Worship and Other Nonprofits May Apply for Federal Public Assistance

    LOS ANGELES – FEMA Public Assistance (PA), which supports the repair and replacement of publicly owned infrastructure and buildings damaged in disasters, also assists private nonprofit (PNP) organizations, including houses of worship and other faith-based organizations that provide certain social services. Private nonprofits and faith-based groups that were impacted by the Los Angeles County Wildfires may be eligible for Public Assistance to help restore their damaged or destroyed facilities. To apply, they need to submit a Request for Public Assistance, or RPA, by Sunday, March 9, 2025. Organizations are also advised to apply with the U.S. Small Business Administration (SBA) for a low-interest disaster loan.Request for Public Assistance (RPA) If a PNP wishes to request reimbursement for costs related to damage and losses from the wildfires, it must submit a RPA to FEMA online via the FEMA Grants Portal by March 9. Follow these steps:Obtain a unique entity identifier, or UEI, at SAM.com, the official website for entities registering to do business with or apply for grants or loans from the federal government. For information on obtaining a UEI: visit SAM.gov or FSD.gov. Go to the FEMA Grants Portal at grantee.fema.gov, and click on “Register your Organization and Request Public Assistance” (at the bottom of the opening page). Fill in the requested information about the organization.After the RPA is submitted, FEMA evaluates a PNP’s nonprofit status and the services it provides to determine whether it is eligible. After the state and FEMA have approved a request, the applicant receives a system-generated email that the RPA has been approved. The organization then may submit projects requesting FEMA PA reimbursement for eligible work. Applicant Briefings will be held prior to the RPA deadline of March 9, to acquaint applicants and potential applicants with the PA program. Cal OES and Los Angeles County will send invitations to new and potential applicants.  Once scheduled, the date(s), time(s), and location(s) of the applicant briefings will be posted on the Cal OES website under Applicants’ Briefings. Which Nonprofits and Faith Groups are Eligible to Apply for Public Assistance?Not all groups will be eligible. FEMA classifies PNP applicants as either “providers of critical services” or “providers of essential non-critical social services.” Providers of critical services, such as hospitals, other healthcare facilities, utilities and various other entities, can submit a RPA with the state and await FEMA’s decision. Entities that offer essential non-critical social services must take a few more steps. They need to submit a RPA, and also apply for a low interest disaster loan from the U.S. Small Business Administration (SBA), whose deadline to apply is March 10. If they are turned down for an SBA loan, or if the loan amount does not cover the cost of all repairs, FEMA may provide funds to pay for what SBA or insurance does not cover. Examples of essential non-critical social services include senior citizen or community centers, educational enrichment, daycare, services for people with disabilities, assisted living, low income housing, homeless shelters, rehabilitation services, and community and arts centers.For PNPs with facilities that provide essential noncritical social services, FEMA provides PA funding for eligible debris removal and emergency protective measures. However, FEMA may provide funding for permanent work costs that a SBA loan will not cover. Houses of worship and other nonprofits are encouraged to file a Request for Assistance, or RPA, as soon as possible, For the latest information about California’s recovery, visit fema.gov/disaster/4856. Follow FEMA Region 9 @FEMARegion9 on X or follow FEMA on social media at: FEMA Blog on fema.gov, @FEMA or @FEMAEspanol on X, FEMA or FEMA Espanol on Facebook, @FEMA on Instagram, and via FEMA YouTube channel. California is committed to supporting residents impacted by the Los Angeles Hurricane-Force Firestorm as they navigate the recovery process. Visit CA.gov/LA Fires for up-to-date information on disaster recovery programs, important deadlines, and how to apply for assistance.
    barbara.murien…
    Sat, 02/01/2025 – 02:36

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: INAUGURAL EDITION OF INDIAN NAVY HALF MARATHON

    Source: Government of India

    Posted On: 02 FEB 2025 6:26PM by PIB Delhi

    The inaugural edition of the Indian Navy Half Marathon was conducted on 02 Feb 25 in New Delhi. The event witnessed more than 10,000 participants competing across three race categories: 21.1 km, 10 km and 5 km runs, making it an inclusive event for runners of all calibres and backgrounds.

    The flagship races – 21.1 km and 10 km runs were flagged off by Hon’ble Minister of Youth Affairs and Sports, Government of India, Dr Mansukh L Mandaviya in the presence of Chief of the Defence Staff, Chief of the Naval Staff, Chief of the Air Staff and senior services and civilian dignitaries.

    The event was hosted at the iconic Jawaharlal Nehru Stadium, with the race route covering India Gate and the historic Kartavya Path and delivered a well-planned and unforgettable experience for all participants.  In addition, the event was also graced by Senior management of the main partner IDFC First Bank, associate partners IOCL and Titan Watches. The presence of distinguished sportspersons made the event more memorable.

    This landmark event aimed to promote health and fitness amongst participants from all walks of life, encouraging them to embrace physical activity and adopt an active lifestyle for overall well-being. The event also fostered a sense of camaraderie and competition, bringing people together to forge stronger bonds with the Indian Navy. It further aimed to inspire the youth to consider joining the Indian Navy, a career synonymous with courage, discipline and service to the nation.

    The resounding success of the Indian Navy Half Marathon was further amplified by the remarkable performances of the participants. Athletes from different age groups and professional backgrounds demonstrated their endurance, determination, and sportsmanship, making the event an inspiring spectacle for everyone. The winners in each category showcased outstanding physical and mental resilience, setting an example for future participants.

    The winner’s (List of first 03 position in each category attached Indian Navy Half Marathon Winners 2025.pdf) are as follows: –

    Indian Navy Half Marathon Winners 2025.pdf

    21.1 km (Half Marathon)

    Men (Open Category): Kulbir Singh (1:04:52)

    Women (Open Category): Vrinda Bhandari (1:37:08)

     

     10 km

     Men (Open Category): Prakash Deshmukh (0:30:22)

     Women (Open Category): Kavita (0:35:36)

     

     5 km

     Men (Open Category): Gaurav Kasana (0:14:14)

     Women (Open Category): Anjali (0:17:37)

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  • MIL-OSI Asia-Pac: KEY HIGHLIGHTS: Gender Budget Allocations in Union Budget of 2025-26

    Source: Government of India

    KEY HIGHLIGHTS: Gender Budget Allocations in Union Budget of 2025-26

    Gender Budget allocation in the total Union Budget increases to 8.86% in FY 2025-26 from 6.8% in 2024-25

    Rs. 4.49 lakh crore allocated for welfare of women and girls in the gender budget statement of FY 2025-26, an increase of Rs. 37.25% over the Gender budget allocation of Rs. 3.27 lakh crore in FY 2024-25

    Posted On: 02 FEB 2025 3:36PM by PIB Delhi

    Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2025-26 in Parliament on 1st February,2025. The share of Gender Budget allocation in the total Union Budget has increased to 8.86% in FY 2025-26 from 6.8% in FY 2024-25. 

    An allocation of Rs. 4.49 lakh crore has been reported for welfare of women and girls in the gender budget statement of FY 2025-26. This is an increase of Rs. 37.25% over the GBS allocation of Rs. 3.27 lakh crore in FY 2024-25.

    This year a total of 49 Ministries/Departments and 5 UTs have reported allocations as against 38 Ministries/Departments and 5 UTs in FY 2024-25. This is the highest number of reporting by the Ministries/Departments in the GBS since its inception. Twelve new Ministries/Departments have reported allocations in the GBS 2025-26 are Department of Animal Husbandry & Dairying, Department of Biotechnology, Department of Food & Public Distribution, Department of Financial Services, Department of Fisheries, Department of Land Resources, Department of Pharmaceuticals, Department of Water Resources, RD & GR, Ministry of Food Processing Industries, Ministry of Panchayati Raj, Ministry of Ports, Shipping & Waterways, and Ministry of Railways.

    These 49 Ministries/Departments and 5 UTs have reported allocations in Part A, Part B and Part C of the Gender Budget Statement. Rs. 1,05,535.40 crore (23.50% of total GBS allocation) have been reported by 17 Ministries/Departments and 5 UTs in Part A (100% women specific schemes); Rs. 3,26,672.00 crore (72.75%) have been reported by 37 Ministries/Departments and 4 UTs in Part B (30-99% allocation for women) and  Rs. 16,821.28 crore (3.75%) have been reported by 22 Ministries/Departments in Part C (below 30% allocation for women).

    Top 10 Ministries/Departments that have reported more than 30% of their allocations in the Gender Budget for FY 2025-26 are Ministry of Women & Child Development (81.79%), Department of Rural Development (65.76%), Department of Food & Public Distribution (50.92%), Department of Health & Family Welfare (41.10%), Ministry of New & Renewable Energy (40.89%), Department of Social Justice & Empowerment (39.01%), Department of Higher Education (33.94%), Department of School Education & Literacy (33.67%), Ministry of Home Affairs (33.47%) and  Department of Drinking Water & Sanitation (31.50%).

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     SS/MS

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  • MIL-OSI Asia-Pac: Union Minister Dr. Mansukh Mandaviya Lauds Historic Budgetary Allocation for Labour Welfare; Says Social Security for Gig Workers a Transformative Step

    Source: Government of India

    Posted On: 02 FEB 2025 2:44PM by PIB Delhi

    The Union Budget 2025 marks a landmark initiative in India’s labour welfare landscape with a comprehensive framework to extend formal recognition and social security benefits to gig workers. Lauding the decision, Union Minister for Labour & Employment and Youth Affairs & Sports, Dr. Mansukh Mandaviya, hailed the Government’s commitment to ensuring the well-being of over 1 crore gig workers across the country.

    Gig Workers to Get Social Security Benefits

    Expressing his gratitude to Prime Minister Narendra Modi and Finance Minister Smt. Nirmala Sitharaman for this announcement, Dr. Mandaviya said “The gig workforce is a vital pillar of India’s new-age economy, driving innovation and efficiency across digital platforms. Recognizing their contribution, the Government’s decision to provide them with identity cards, e-Shram registration, and healthcare security under PM Jan Arogya Yojana is a transformative step towards their social security and well-being. This initiative will empower nearly 1 crore gig workers. Beyond this, the Government remains committed to extending social security benefits to workers in other unorganised sectors as well, ensuring dignity, security, and prosperity for every worker in the country,” said Dr. Mansukh Mandaviya.

    The rise of digital platforms has revolutionized employment, creating new opportunities for flexible work arrangements. India’s gig and platform economy has witnessed rapid expansion, with NITI Aayog’s report ‘India’s Booming Gig and Platform Economy’ projecting that the workforce in this sector will cross 1 Crore in 2024-25 and grow to 2.35 crore by 2029-30.

    Recognizing this transformation, the Code on Social Security, 2020 (CoSS, 2020) for the first time, defined ‘aggregator’, ‘gig worker’ and ‘platform worker and introduced legal provisions for gig and platform workers for the first time, ensuring their inclusion in social security measures. This framework laid the groundwork for structured welfare initiatives tailored to the needs of this dynamic workforce.

    The Union Budget 2025-26 marks a significant milestone in this journey, with a comprehensive initiative to extend formal recognition and social security benefits to platform-based gig workers. The Hon’ble Finance Minister has announced measures to facilitate their identification through unique identity cards, streamline their registration on the e-Shram portal, and ensure access to healthcare under PM Jan Arogya Yojana. These steps will further strengthen the safety net for over 1 crore gig workers across sectors.

    A pilot initiative has already been undertaken by the Ministry of Labour & Employment to register platform workers and aggregators on the e-Shram portal. An Aggregator Module has also been piloted enabling digital platforms to onboard themselves and their workforce onto India’s national database for unorganised workers. As part of this pilot, four leading aggregators—Urban Company, Zomato, Blinkit, and Uncle Delivery—have already registered.

    The Budget 2025 announcement marks a significant expansion of this initiative, enabling a massive scale-up and institutionalizing these efforts. With enhanced resources, the initiative will ensure that every gig and platform worker has access to essential social security benefits through eShram portal, reinforcing the Government’s commitment to safeguarding the interests of this workforce.

    The Ministry remains focused on the seamless execution of these initiatives, addressing any operational challenges, and strengthening collaboration with digital platforms. By combining early groundwork with large-scale policy support, the Government aims to create a robust safety net for gig workers, ensuring their security and well-being in India’s evolving employment landscape.

    Record Budget Allocation for Labour Welfare & Employment Generation

    Continuing the Government’s focus on labour welfare and employment generation, the Union Budget has allocated a record ₹32,646 crore for the Ministry of Labour & Employment in FY 25-26—the highest ever and almost 80% higher than last year’s revised estimates. Dr. Mandaviya highlighted the significance of this historic allocation, stating:

    “I thank Hon’ble Prime Minister Shri Narendra Modi Ji for this historic budget which is the highest ever and almost 80% higher than last year’s revised estimates. Our focus is firmly on the newly announced Employment Generation Scheme (ELI), for which the budgetary allocation has been doubled from ₹10,000 crore to ₹20,000 crore. The allocation under the Employees’ Pension Scheme has been increased by ₹300 crores and under the PM Shram Yogi Maandhan Yojana by 37% compared to last year.”

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    Himanshu Pathak

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  • MIL-OSI Asia-Pac: Empowering Tribes Towards Viksit Bharat: A Historic Boost for Tribal Welfare in Union Budget 2025

    Source: Government of India

    Empowering Tribes Towards Viksit Bharat: A Historic Boost for Tribal Welfare in Union Budget 2025

    Union Budget 2025: Transforming Vision into Mission for Tribal Development

    Government’s Commitment to Tribal Welfare: Budget Allocation Surges by 231.83% from ₹4,497.96 Cr in 2014-15 to ₹14,925.81 Cr in 2025-26

    Posted On: 02 FEB 2025 9:41AM by PIB Delhi

    India, home to over 10.45 crore Scheduled Tribe (ST) individuals—comprising 8.6% of the total population—boasts a rich and diverse tribal heritage. Spread across remote and often inaccessible regions, these communities have long been a focal point of the government’s development agenda. Under leadership of the Prime Minister Shri Narendra Modi, the Union Budget 2025-26 reaffirms this commitment with a substantial increase in budgetary allocation for the Ministry of Tribal Affairs, ensuring holistic and sustainable development for tribal communities across the country.

    Unprecedented Budgetary Support for Tribal Welfare

    • The overall budget allocation for the development of Scheduled Tribes has risen from Rs 10,237.33 crore in 2024-25 to Rs 14,925.81 crore in 2025-26, marking an impressive 45.79% increase.
    • The Pradhan Mantri Adi Adarsh Gram Yojana (PMAAGY) has been expanded and subsumed under the Dharti Aaba Janjatiya Gram Utkarsh Abhiyan (DAJGUA) with an outlay of Rs 80,000 crore over five years.
    • The budget outlay for the Ministry of Tribal Affairs has seen consistent growth, rising from Rs 7,511.64 crore in 2023-24 to Rs 10,237.33 crore in 2024-25, and now reaching Rs 14,925.81 crore in 2025-26.
    • A long-term perspective reveals significant progress: from Rs 4,497.96 crore in 2014-15 to Rs 7,411 crore in 2021-22, and now a 231.83% increase since 2014-15, demonstrating the government’s sustained focus on tribal welfare.

    Key Allocations and Flagship Initiatives

    • Eklavya Model Residential Schools (EMRS): Rs 7,088.60 crore, nearly double last year’s Rs 4,748 crore, to provide quality education to tribal students in remote areas.
    • Pradhan Mantri Jan Jatiya Vikas Mission: Rs 380.40 crore, up from Rs 152.32 crore, reinforcing efforts to create year-round income-generating opportunities for tribal communities.
    • Pradhan Mantri Adi Adarsh Gram Yojana (PMAAGY): Allocation surged 163% to Rs 335.97 crore, focusing on bridging infrastructural gaps in education, healthcare, and employment.
    • Multi-Purpose Centers (MPC) under Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN): Funding doubled from Rs 150 crore to Rs 300 crore, enhancing socio-economic support in Particularly Vulnerable Tribal Groups (PVTGs) dominated habitations.

    Dharti Aaba Janjatiya Gram Utkarsh Abhiyan: A Game-Changer

    Building upon the success of PM-JANMAN, the Dharti Aaba Janjatiya Gram Utkarsh Abhiyan (DAJGUA) aims to saturate infrastructural gaps in 63,843 villages with a budgetary outlay of Rs 79,156 crore over five years (Central Share: Rs 56,333 crore, State Share: Rs 22,823 crore). This initiative brings together 17 ministries through 25 targeted interventions, ensuring integrated tribal development in key areas such as health, education, livelihoods, and skill development.

    • The allocation for DAJGUA under the Ministry of Tribal Affairs has quadrupled from Rs 500 crore to Rs 2,000 crore in 2025-26, reflecting the government’s commitment to uplifting tribal communities at the grassroots level.

    Union Minister for Tribal Affairs, Shri Jual Oram:“Under the visionary leadership of Prime Minister Shri Narendra Modi, the Union Budget 2025-26 is dedicated to building an Aatmanirbhar Bharat. This transformative budget prioritizes the holistic development of villages, the poor, farmers, youth, and women. Heartfelt gratitude to Hon’ble Prime Minister and Finance Minister Smt. Nirmala Sitharaman Ji for presenting this historic budget.”

    Minister of State for Tribal Affairs, Shri Durga Das Uikey:“This budget is a testament to our dedication to tribal welfare, with focused investments in education, livelihoods, and infrastructure, paving the way for a brighter future. Our Government is committed to tribal empowerment.”

    Secretary, Ministry of Tribal Affairs, Shri Vibhu Nayar:“The enhanced budget will enable us to implement transformative programs like PM-JANMAN ,Dharti Aaba Gram Utkarsh Abhiyan, EMRS and other programs  creating long-term, sustainable impact for tribal communities across India.”

    Towards a Viksit Bharat with Inclusive Growth

    The Union Budget 2025 marks a paradigm shift in tribal development, with an emphasis on education, healthcare, skill development, and economic empowerment. By integrating targeted interventions across ministries, the government is fostering inclusive growth and paving the way for a Viksit Bharat, where tribal communities are not only beneficiaries but active contributors to the nation’s progress.

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    PSF

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  • MIL-OSI Asia-Pac: Budget announces Rs. 5272 crores for the Ministry of Textiles for the FY 2025-26

    Source: Government of India

     Budget announces Rs. 5272 crores for the Ministry of Textiles for the FY 2025-26

    Five year Cotton Mission to increase cotton productivity included in the Budget

    Budget adds 2 types of shuttle-less looms to the list of fully exempted textile machinery

    Budget announces reduction in Basic Custom Duty of knitted fabrics

    Nine items including wool polish materials, Sea shell, Mother of Pearl (MOP), Cattle horn etc. added to the list of duty-free inputs

    Posted On: 01 FEB 2025 8:11PM by PIB Delhi

    The Union Budget 2025-26 was presented by the Union Finance Minister on February 1, 2025. The Budget announced an outlay of Rs. 5272 crores (Budget Estimates) for the Ministry of Textiles for 2025-26. This is an increase of 19 percent over budget estimates of 2024-25 (Rs. 4417.03 crore).

    To address the challenges of stagnant cotton productivity, Union Budget 2025-26 has announced a five year Cotton Mission to increase cotton productivity especially extra long staple varieties. Science & Technology support will be provided to farmers under this Mission. The Mission is in keeping with the 5 F principle and will increase income of the farmers and augment a steady supply of quality cotton. By boosting domestic productivity, this initiative will stabilise raw material availability, reduce import dependence and enhance the global competitiveness of India’s textile sector, where 80% of capacity is driven by MSMEs.

    To promote domestic production of technical textile products such as agro-textiles, medical textiles and geo textiles at competitive prices, two more types of shuttle-less looms added to the list of fully exempted textile machinery.  Duty on Shuttle less loom Rapier Looms (below 650 meters per minute) and Shuttle less loom Air jet Looms (below 1000 meters per minute) for use in textile industry has been made nil from the existing 7.5%. This provision will reduce the cost of high-quality imported looms thus facilitating modernisation and capacity enhancement initiatives in the weaving sector. This will also will boost Make in India in technical textile sector viz. agro textiles, medical textiles, and geo-textiles.

    Basic Custom Duty rate on knitted fabrics covered by nine tariff lines reduced from “10% or 20%” to “20% or Rs.115 per kg, whichever is higher” This will improve competitiveness of Indian knitted fabric manufacturers and curb cheap imports.

    To facilitate exports of handicrafts, time period for export extended from six months to one year, further extendable by another three months, if required Handicraft exports will benefit from this provision extending the list of items and the time period for conversion of duty free raw material imports meant for export production. Nine items including wool polish materials, Sea shell, Mother of Pearl (MOP), Cattle horn etc. added to the list of duty-free inputs.

    80% of India’s textile sector is in MSME. Budget thrust on export, enhanced credit and coverage will uplift textile MSMEs. Other announcements like creation of National Manufacturing Mission, Export Promotion Mission, creating the Bharat Trade Net, Fund of Funds, Measures for Labour-Intensive Sectors to promote employment and entrepreneurship opportunities, revision in classification criteria for MSMEs and others will create conducive environment for the textile sector.

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    Dhanya Sanal K

    Director (M&C)

     

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