Category: Business

  • MIL-OSI Video: ECB Forum on Central Banking 2025 – Session 3

    Source: European Central Bank (video statements)

    Session 3: Non-bank financial intermediaries, liquidity and their prudential treatment

    Chair: Luis de Guindos, Vice-President, European Central Bank

    Paper: “Growth of non-bank financial intermediaries, monetary policy, and financial stability”
    Author: Loriana Pelizzon, Deputy Scientific Director, Leibniz Institute for Financial Research SAFE and Professor, Goethe University Frankfurt and Ca’ Foscari University of Venice
    (together with Riccardo Mattiello, Ca’ Foscari University of Venice and Warwick University, and Jonas Schlegel, Financial Economist, SAFE Policy Center)

    Discussant: Nicola Cetorelli, Financial Research Advisor and Head of Financial Intermediation, Federal Reserve Bank of New York

    https://www.youtube.com/watch?v=KozVSM50NZg

    MIL OSI Video

  • MIL-OSI Video: ECB Forum on Central Banking 2025 – A conversation about tapping Europe’s growth potential

    Source: European Central Bank (video statements)

    A conversation about tapping Europe’s growth potential

    Philippe Aghion, Professor, Collège de France and London School of Economics
    Lars Feld, Professor, University of Freiburg, and Director of the Walter Eucken Institute
    Moderator: Beatrice Weder di Mauro, Professor, Graduate Institute of International and Development Studies Geneva, and President of the CEPR

    https://www.youtube.com/watch?v=vC0YgzhJPrI

    MIL OSI Video

  • MIL-OSI Video: ECB Forum on Central Banking 2025 – Panel 2

    Source: European Central Bank (video statements)

    Panel 2: Central bank communication: current challenges

    Chair: Philip R. Lane, Member of the Executive Board, European Central Bank

    Alessandra Galloni, Editor-in-Chief, Reuters
    Carolin Pflueger, Associate Professor, University of Chicago, Harris School of Public Policy
    Anna Seim, Deputy Governor, Sveriges Riksbank
    Alan Taylor, Professor, Columbia University and external member of the Monetary Policy Committee of the Bank of England

    https://www.youtube.com/watch?v=9jN_UNPwJYE

    MIL OSI Video

  • MIL-OSI Video: ECB Forum on Central Banking 2025 – Award ceremony and Closing remarks

    Source: European Central Bank (video statements)

    Award ceremony for the Young Economist Prize

    Closing remarks
    Christine Lagarde, President, European Central Bank

    https://www.youtube.com/watch?v=RnTxtH9y_JU

    MIL OSI Video

  • MIL-OSI China: China Travel, Easy Go! Shanghai launches all-in-one platform for intl travelers

    Source: People’s Republic of China – State Council News

    China Travel, Easy Go! Shanghai launches all-in-one platform for intl travelers

    Xinhua | July 3, 2025

    Shanghai on Wednesday launched “Easy Go,” an all-in-one platform to streamline digital services for international visitors, leveraging China’s expanded visa facilitation and instant tax refunds.

    The platform, developed by the Foreign Affairs Office of the Shanghai Municipal People’s Government, the People’s Bank of China Shanghai Head Office, along with other city departments, integrates consumption services and tourism information onto Alipay’s international version, eliminating the need for multiple app downloads and addressing previous language barriers.

    Foreign users can register with one click to access 30 mini-programs across the four key areas of dining, transport, sightseeing and shopping. Core functions include food delivery, restaurant recommendations, public transit, ride-hailing, travel advice, ticket booking, luggage storage and tax refund service locations. The service operates primarily in English and offers real-time multilingual translation.

    Easy Go also features a “tap for tax refund” function that links to a tax refund map of the city, and provides updated city guides and travel tips. Media and influencer videos promoting Shanghai and China are available on the platform too.

    “Easy Go is a very convenient platform because it’s just all in one,” said Clarisse Le Guernic, who comes from France. “Foreign tourists coming to Shanghai, they don’t need to download many different apps, and they can do payment, translation, order food, take shared bikes just with Easy Go.”

    As of June, citizens from 55 countries can utilize China’s 240-hour visa-free transit program. The country has also expanded its unilateral visa-free access program, allowing travelers from 47 countries to stay for up to 30 days.

    MIL OSI China News

  • MIL-OSI: Sampo plc: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)

    Source: GlobeNewswire (MIL-OSI)

    Sampo plc, stock exchange release, 3 July 2025 at 9:35 am EEST

    Sampo plc: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)

    Sampo plc (business code 0142213-3) has received a disclosure under Chapter 9, Section 5 of the Securities Markets Act. The reason for the notification by BlackRock, Inc. is the Group restructure following the acquisition of HPS Investment Partners (“HPS”). The aggregate holdings including financial instruments according to SMA 9:6a owned by BlackRock, Inc. and the entities referred to above amounts to 7.00 per cent of the total number of shares and 6.98 per cent of the total voting rights of Sampo plc.

    Sampo’s share capital comprises 2,691,238,860 shares, of which 2,690,238,860 are A shares and 1,000,000 are B shares. Each A share entitles its holder to one (1) vote and each B share to five (5) votes. Thus, the total number of votes is 2,695,238,860.

    Total positions of BlackRock, Inc and its funds subject to the notification:

      % of shares and voting rights (total of A) % of shares and voting rights through financial instruments (total of B) Total of both in % (A+B)
    Resulting situation on the date on which threshold was crossed or reached 6.89% shares

    6.88% voting rights

    0.10% shares

    0.10% voting rights

    7.00% shares

    6.98% voting rights

    Positions of previous notification (if applicable) 5.63% shares

    5.62% voting rights

    0.29% shares

    0.29% voting rights

    5.93% shares

    5.92%voting rights

    Notified details of the resulting situation on the date on which the threshold was crossed:

    A: Shares and voting rights:

    Class/type of shares
    ISIN code
    Number of shares and voting rights % of shares and voting rights
      Direct
    (SMA 9:5)
    Indirect
    (SMA 9:6 and 9:7)
    Direct
    (SMA 9:5)
    Indirect
    (SMA 9:6 and 9:7)
    FI4000552500   185,655,678 shares

    185,655,678 voting rights

      6.89% shares

    6.88% voting rights

    SUBTOTAL A 185,655,678 shares

    185,655,678 voting rights

    6.89% shares

    6.88% voting rights

    B: Financial instruments according to SMA 9:6a:

    Type of financial
    instrument
    Expiration date Exercise/
    Conversion Period
    Physical or
    cash settlement
    Number of shares
    and voting rights
    % of shares and
    voting rights
    American Depository Receipt (US79588J1025) N/A N/A Physical 1,251,080 shares

    1,251,080 voting rights

    0.04% shares

    0.04% voting rights

    CFD N/A N/A Cash 1,484,268 shares

    1,484,268 voting rights

    0.05% shares

    0.05% voting rights

          SUBTOTAL B 2,735,348 shares

    2,735,348 voting rights

    0.10% shares

    0.10% voting rights

    SAMPO PLC

    Sami Taipalus
    Head of Investor Relations
    tel. +358 10 516 0030

    Distribution:
    Nasdaq Helsinki
    Nasdaq Stockholm
    Nasdaq Copenhagen
    London stock exchange
    FIN-FSA
    The principal media
    www.sampo.com

    The MIL Network

  • MIL-OSI Economics: Insurance companies and pension funds hedge more against dollar decline

    Source: Danmarks Nationalbank

    Dollar hedging has reduced the loss in 2025

    The total return on the insurance companies and pension funds’ investments results in a loss of kr. 4 billion year to date. The return from dividends and interest has been kr. 47 billion in the first five months of the year. At the same time, there have been negative exchange rate adjustments of kr. 4 billion, and currency adjustments have further reduced the return by kr. 47 billion. The majority of the currency loss this year is due to the fact that the dollar exchange rate has fallen significantly since the beginning of March, and approximately a quarter of the investments in dollars are not currency-hedged. Thus, the currency hedging of insurance companies and pension funds has reduced the loss by about kr. 80 billion this year. The currency loss would have been kr. 127 billion without hedging, and the total loss kr. 84 billion.

    MIL OSI Economics

  • India’s services sector soars to 10-month high in June, signaling strong growth

    Source: Government of India

    Source: Government of India (4)

    The growth in India’s services sector activity surged to a 10-month high in June, driven by robust demand in both the domestic and export markets, according to an HSBC survey released on Thursday.

    The seasonally adjusted HSBC India Services PMI Business Activity Index, compiled by S&P Global, rose from 58.8 in May to 60.4 in June. The PMI threshold of 50.0 is neutral mark that separates growth from contraction on the index.

    New orders expanded at the quickest rate since August 2024. Services companies benefited most from the continued strength of the domestic market, alongside a marked increase in new export business. Overseas demand particularly improved from the Asian, Middle Eastern and US markets, according to panel members, the survey states.

    The ongoing expansion of the Indian services sector had a positive impact on recruitment. Employment rose for the thirty-seventh consecutive month in June, with the rate of job growth outpacing its long-run average, although it was lower than the record figure achieved in May.

    The rate of input cost inflation across India’s service economy eased to a ten-month low in June, and was below its long-run average. Despite easing from May, the rate of charge inflation remained above the series trend. Outstanding business expanded at a slight rate that was nevertheless faster than in May.

    According to the survey, optimism regarding the outlook for output levels in one-year time was sustained, with 18 per cent of service providers forecasting growth. This proportion of upbeat firms was, however, the lowest since mid-2022. Hence, the overall level of confidence fell and was below its long-run average.

    The HSBC India Composite PMI, which combines services and manufacturing activity, rose to 61.0 in June from 59.3, marking the fastest expansion in 14 months. The manufacturing PMI data released this week showed manufacturing activity growth accelerated in June, in tune with the strong services sector performance.

    (IANS)

  • MIL-OSI China: 2025 BRICS Seminar on Governance and Cultural Exchanges Forum held in Rio de Janeiro

    Source: People’s Republic of China – State Council News

    The 2025 BRICS Seminar on Governance and Cultural Exchanges Forum was held on Monday in Rio de Janeiro, bringing together experts to discuss how the bloc can promote stability in an era of global transformation.

    Yu Yunquan, president of the Academy of Contemporary China and World Studies (ACCWS), and Cimar Azeredo Pereira, special advisor to the Brazilian Institute of Geography and Statistics (IBGE), delivered keynote speeches at the event.

    Yu Yunquan, president of the ACCWS, delivers a keynote speech at the 2025 BRICS Seminar on Governance and Cultural Exchanges Forum in Rio de Janeiro, June 30, 2025. [Photo provided to China.org.cn]

    Yu emphasized that in an era where certainty and stability are becoming increasingly scarce global resources, it is imperative to further strengthen Greater BRICS cooperation to promote an equitable and orderly multipolar world and foster inclusive economic globalization, thereby maintaining a stable development environment. 

    He also stressed the need to enhance exchanges of governance experiences and knowledge-sharing to explore independent development paths, actively participate in setting global governance agendas to steer orderly development processes, and deepen cross-cultural dialogues to cultivate an inclusive atmosphere for development.

    Cimar Azeredo Pereira, special advisor to the IBGE, delivers a keynote speech at the 2025 BRICS Seminar on Governance and Cultural Exchanges Forum in Rio de Janeiro, June 30, 2025. [Photo provided to China.org.cn]

    Azeredo Pereira emphasized that statistical cooperation among BRICS countries plays a pivotal role in enhancing mutual understanding and trust among member states. By adopting collaborative and innovative approaches to address emerging statistical challenges in the digital era, such cooperation proves fundamental in advancing sustainable development and economic integration within the BRICS framework.

    Participating delegates unanimously recognized China’s significant contributions to global development and governance, particularly its leadership in fostering BRICS and Global South collaboration. China’s global initiatives were widely recognized as providing crucial platforms for fostering shared progress in development, security and cultural exchange.

    The main forum was chaired by Xin Feng, director of the Comprehensive Business Department of China International Communications Group (CICG). Sun Jingxin, vice president of the ACCWS, presented two research reports on behalf of the project team: “Greater BRICS Cooperation: A Pillar of Stability and Progress in a Changing World” and “Global Survey: BRICS Cooperation in the New Era of Global Development 2025.”

    The forum was organized jointly by the Publicity Department of the CPC Central Committee, China International Communications Group, and the Brazilian Institute of Geography and Statistics.

    MIL OSI China News

  • MIL-OSI Russia: Almost 10,000 large and medium-sized Moscow enterprises became profitable in the first quarter of 2025

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    About 10 thousand Moscow large and medium-sized enterprises showed a positive financial result for the first quarter of 2025. Their total profit amounted to almost 2.9 trillion rubles. This was reported by Maria Bagreeva, Deputy Mayor of Moscow, Head of the Moscow Department of Economic Policy and Development.

    Profitable organizations include companies that had a positive financial result during this period, i.e., income from their work exceeded expenses. The sample does not include state and municipal institutions, banks, as well as insurance organizations and pension funds.

    “Based on the results of the first quarter of 2025, almost 10 thousand enterprises were considered profitable – this is about 70 percent of large and medium-sized companies operating in the capital. They received a profit of 2.9 trillion rubles, which is 9.5 percent more than the result of January – March 2024,” noted Maria Bagreeva.

    About 19 percent of the total profit, or 549 billion rubles, was received by large and medium-sized enterprises in the trade sector. About 13 percent each came from companies in the financial sector (excluding banks, insurance companies and pension funds) and the manufacturing industry – 380 billion and 360 billion rubles, respectively.

    In the first quarter of 2025, large and medium-sized companies engaged in educational activities increased their profits the most: compared to the same period last year, it grew by 55 percent and amounted to 5.1 billion rubles. In the transportation and storage sector, the indicator increased by 51 percent – to 287 billion rubles, in the real estate sector, it grew by 47 percent – to 102 billion rubles, added Maria Bagreeva.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/156179073/

    MIL OSI Russia News

  • MIL-OSI: IoBM Launches Yoojel—AI-Powered Search Engine—and Digiex, a Next-Generation Crypto Card Platform

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, July 03, 2025 (GLOBE NEWSWIRE) — The Innovation Business Machine (IoBM) is delighted to announce the inception of two potentially landmark platforms: Yoojel, an AI-native web browser for smart and intuitive AI based Search Engine, and Digiex, a Crypto card that converts digital assets into currency, which can be accepted anywhere in the world by merchants. With these milestones, IoBM boldly steps forward in giving shape to digital tools that are safe, intelligent, and convenient to use in today’s life.

    Yoojel: The Intelligent Browser of the Future

    Yoojel is an intuitive AI based Search Engine. It is designed with artificial intelligence to elevate the human experience with the World Wide Web. Yoojel defines browsing in the new age of real-time contextual intelligence, predictive search results, and an adaptive user interface.

    Key features of Yoojel include

    • AI-powered search and curation with results tailored not just by keywords but by user intent
    • Minimalist interface: clean, elegant design for distraction-free use
    • Privacy by design: data sovereignty and local-storage-first principles
    • Integration-ready: built to work side by side with productivity tools, smart wallets, and cloud services

    Muhammad Umair Saeed, Founder and CEO of IoBM, said, “Yoojel isn’t just another browser; it’s your intelligent gateway to the web. We built Yoojel to represent a future in which browsing is no longer about finding links but rather about finding knowledge.”

    Digiex: Real-World Spending with Crypto Made Simple

    Digiex provides a smooth transaction experience with crypto-to-fiat transfer in real-time, allowing users to spend their digital assets with a card accepted worldwide. Supporting multiple blockchains, the Digiex card offers smart invoicing, layers of security, and full wallet management.

    Digiex is for professionals, digital nomads, corporations, and the unbanked. It empowers you so you can be in control of how and where you spend your digital currency.

    Highlights of Digiex:

    • Multi-Chain Asset Support (BTC, ETH, USDT, etc.)
    • Smart Invoicing and Expense Tracking for business and personal finances
    • Spend Analytics with AI support

    “Digiex connects the crypto ecosystem with everyday finances,” Saeed said. “We are empowering a truly digital financial lifestyle.”

    About Muhammad Umair Saeed

    Muhammad Umair Saeed is a globally recognized technology entrepreneur, investor, and thought leader with a unique combination of technology depth/perspective and business commerce perspective, who has delivered market-leading next-generation platforms in the disciplines of AI, blockchain, digital identity, and post-quantum cryptography. He is the founder and often considered Chief Visionary of Innovation Business Machine (IoBM), a $2 billion company operating in Dubai, Europe, the Middle East, and Turkey.

    His company, IoBM, has led start-ups in some of the largest combined ventures across fintech, smart wallets, cybersecurity, cloud infrastructure, and metaverse technologies. He authored many important tenets regarding user sovereignty, privacy-first computing for a digitally sovereign user experience, and scalable digital finance that underpin Yoojel and the recently announced Digiex.

    In his role at IoBM, he has established a range of collaborations across continents with multiple strategic organizations, inclusive of financial institutions, blockchain technology consortia, and AI research institutes. His leadership even goes further towards breaking the so-called “rules” of business for the benefit of humanity… whether it be establishing a post-quantum-secure ecosystem, deploying blockchain software solutions for enterprise in the real world, or the latest in cybersecurity bridges and wallets for user-based solutions. Muhammad Umair Saeed, a passionate visionary and believer in purposeful innovation, is not only envisioning the future of digital finance and smart browsing; he is building it.

    Media Contact:

    Company Name: IoBM
    Company Website: http://www.io-bm.com
    Contact Person: Muhammad Umair Saeed
    Email Address: umair@io-bm.com

    Disclaimer: This press release is provided by IoBM. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4e1998ab-c00c-46cd-9ba7-bc695e37e7a7

    The MIL Network

  • MIL-OSI: Planisware accelerates its development in Asia and announces the opening of an office in Seoul

    Source: GlobeNewswire (MIL-OSI)

    Planisware accelerates its development in Asia and announces the opening of an office in Seoul

    Paris, France, July 3, 2025 – Planisware, a leading B2B provider of SaaS in the rapidly growing Project Economy market, announces the opening of an office in Seoul. This move aligns with the company’s international development strategy, and strengthens its footprint in Asia, where it already has a presence in Singapore and Japan.

    Ranked among the OECD’s most innovative countries, South Korea represents a high-potential market for Planisware. The country boasts a dynamic economy, driven by cutting-edge industries such as electronics, chemicals, life sciences and industrial equipment. These are all sectors in which Planisware has recognized expertise and a solid portfolio of international customers.

    The opening of this office aims to forge relationships with new South Korean players, providing them with local support, while consolidating links with existing customers, notably subsidiaries of major international groups. This local presence will enable more effective support for their digital transformation and the management of complex projects, particularly in the financial, telecoms, industrial and public sectors.

    Asia is a major strategic hub for Planisware,” says Loïc Sautour, CEO of Planisware.The opening of this third office in Asia marks an important step in our regional expansion. This latest inauguration in South Korea will enable us to support our growth in an economy renowned for its technological excellence and industrial dynamism. I am delighted to welcome Victor Mercier as head of this new office. His experience, in-depth knowledge of our solutions and ability to support our customers’ transformation will be invaluable assets in accelerating our development in South Korea.

    Yves Humblot, co-founder of Planisware, adds: “South Korea offers a unique environment, at the crossroads of innovation, industrial excellence and digitalization. This new office will enable us to better serve our customers and forge strong partnerships with key local players.”

    With over 15 years’ experience in complex project management and digital transformation, Victor Mercier joined Planisware in 2021. He held the position of Project Director for over four years before taking over the management of the South Korean subsidiary. Prior to this, he spent over seven years with Accenture, where he carried out numerous consulting projects in the energy, industry and infrastructure sectors, developing recognized expertise in IT project management, agile methods and change management. An engineering graduate of IMT Atlantique (2010), he brings solid expertise in digital transformation and complex project management.

    Contact

    Investor Relations: Benoit d’Amécourt

    benoit.damecourt@planisware.com
    +33 6 75 51 41 47

    Media: Brunswick Group
    Hugues Boëton / Tristan Roquet Montégon
    planisware@brunswickgroup.com
    +33 6 79 99 27 15 / +33 6 37 00 52 57

    About Planisware

    Planisware is a leading business-to-business (“B2B”) provider of Software-as-a-Service (“SaaS”) in the rapidly growing Project Economy. Planisware’s mission is to provide solutions that help organizations transform how they strategize, plan and deliver their projects, project portfolios, programs and products.

    With circa 750 employees across 18 offices, Planisware operates at significant scale serving around 600 organizational clients in a wide range of verticals and functions across more than 30 countries worldwide. Planisware’s clients include large international companies, medium-sized businesses and public sector entities.

    Planisware is listed on the regulated market of Euronext Paris (Compartment A, ISIN code FR001400PFU4, ticker symbol “PLNW”).

    For more information, visit planisware.com and connect with Planisware on LinkedIn.

    Attachment

    The MIL Network

  • Pilgrims thank Army, Administration for smooth conduct of Amarnath Yatra

    Source: Government of India

    Source: Government of India (4)

    As the 36-day-long Amarnath Yatra commenced, thousands of pilgrims from across the country converged in Jammu and Kashmir to undertake the sacred journey to the revered Amarnath cave shrine.

    The first batch of Yatris began their trek from the Baltal base camp early Thursday morning, while another group departed from the traditional Pahalgam route. Simultaneously, the second batch of 5,246 pilgrims left from Bhagwati Nagar Yatri Niwas on Canal Road in Jammu for the Valley in two escorted convoys, underscoring the stringent security measures in place.

    Speaking to IANS, several pilgrims thanked administration for the arrangements and the Indian Army for ensuring their safety.

    “I have been coming to Baba Barfani’s shrine since 2019, and every visit feels wonderful. The arrangements this year are excellent,” said one devotee.

    Another added, “The government’s efforts are commendable. We are very happy with the facilities provided.”

    This year’s turnout appears to be significantly higher than in previous years. One pilgrim remarked, “Earlier, due to the threat of terror attacks, very few people came for the Yatra. But this time, the number of devotees is overwhelming.”

    “When one comes on a pilgrimage, comfort is not the priority. But the arrangements this time are excellent—far better than in previous years,” said another devotee.

    Appreciating security arrangements, a pilgrim noted, “The Indian Army has made our journey easy and safe. Their presence is reassuring. The efforts of the Centre and the J&K administration are truly commendable.”

    Another devotee added, “Thanks to the Indian Army and the administration, pilgrims feel secure and can perform this holy Yatra without any fear. We are grateful for everything.”

    The Yatra was officially flagged off by J&K Lieutenant Governor Manoj Sinha from Jammu on Wednesday.

    Authorities have implemented an unprecedented security plan in light of the April 22 terror attack in Pahalgam.

    An additional 180 companies of Central Armed Police Forces (CAPFs) have been deployed, supplementing the already robust security presence comprising the Indian Army, paramilitary forces, and J&K Police.

    Pilgrims have been advised to travel from Jammu to the base camps only as part of escorted convoys and have been warned against undertaking the journey independently.

    Due to heightened security concerns, helicopter services for the Yatra have been suspended this year.

    (With inputs from IANS)

  • Pilgrims thank Army, Administration for smooth conduct of Amarnath Yatra

    Source: Government of India

    Source: Government of India (4)

    As the 36-day-long Amarnath Yatra commenced, thousands of pilgrims from across the country converged in Jammu and Kashmir to undertake the sacred journey to the revered Amarnath cave shrine.

    The first batch of Yatris began their trek from the Baltal base camp early Thursday morning, while another group departed from the traditional Pahalgam route. Simultaneously, the second batch of 5,246 pilgrims left from Bhagwati Nagar Yatri Niwas on Canal Road in Jammu for the Valley in two escorted convoys, underscoring the stringent security measures in place.

    Speaking to IANS, several pilgrims thanked administration for the arrangements and the Indian Army for ensuring their safety.

    “I have been coming to Baba Barfani’s shrine since 2019, and every visit feels wonderful. The arrangements this year are excellent,” said one devotee.

    Another added, “The government’s efforts are commendable. We are very happy with the facilities provided.”

    This year’s turnout appears to be significantly higher than in previous years. One pilgrim remarked, “Earlier, due to the threat of terror attacks, very few people came for the Yatra. But this time, the number of devotees is overwhelming.”

    “When one comes on a pilgrimage, comfort is not the priority. But the arrangements this time are excellent—far better than in previous years,” said another devotee.

    Appreciating security arrangements, a pilgrim noted, “The Indian Army has made our journey easy and safe. Their presence is reassuring. The efforts of the Centre and the J&K administration are truly commendable.”

    Another devotee added, “Thanks to the Indian Army and the administration, pilgrims feel secure and can perform this holy Yatra without any fear. We are grateful for everything.”

    The Yatra was officially flagged off by J&K Lieutenant Governor Manoj Sinha from Jammu on Wednesday.

    Authorities have implemented an unprecedented security plan in light of the April 22 terror attack in Pahalgam.

    An additional 180 companies of Central Armed Police Forces (CAPFs) have been deployed, supplementing the already robust security presence comprising the Indian Army, paramilitary forces, and J&K Police.

    Pilgrims have been advised to travel from Jammu to the base camps only as part of escorted convoys and have been warned against undertaking the journey independently.

    Due to heightened security concerns, helicopter services for the Yatra have been suspended this year.

    (With inputs from IANS)

  • MIL-OSI Australia: Rates for financial year ending 30 June 2025

    Source: New places to play in Gungahlin

    Foreign currency exchange rates for financial year 2025 – foreign currency equivalent to 1 AUD.

    Country

    Average rate for year ended 31 Dec 2024

    Average rate for year ended 30 Jun 2025

    Nearest actual exchange rate 31 Dec 2024

    Nearest actual exchange rate 30 Jun 2025

    Currency

    Canada

    0.9041

    0.9039

    0.8922

    0.8947

    Canadian dollar

    China

    4.7516

    4.6760

    4.5373

    4.6921

    Renminbi

    Europe

    0.6101

    0.5963

    0.5974

    0.5586

    Euro

    Hong Kong

    5.1522

    5.0497

    4.8261

    5.1416

    Hong Kong dollar

    India

    55.2412

    55.1294

    53.2100

    55.9900

    Indian Rupee

    Indonesia

    10462.9127

    10431.5777

    10031.0000

    10629.0000

    Rupiah

    Japan

    99.9712

    97.0162

    97.1400

    94.2600

    Yen

    Malaysia

    3.0207

    2.8547

    2.7787

    2.7602

    Malaysian ringgit

    Taiwan

    21.2001

    20.7936

    20.4000

    19.0700

    New Taiwan dollar

    New Zealand

    1.0907

    1.0966

    1.1045

    1.0768

    New Zealand dollar

    Philippines

    37.8282

    37.2010

    35.9600

    36.8800

    Peso

    Singapore

    0.8821

    0.8589

    0.8456

    0.8341

    Singapore dollar

    South Korea

    900.0732

    907.1583

    915.1100

    883.8900

    South Korean won

    Switzerland*

    n/a

    n/a

    n/a

    0.5228

    Swiss franc

    Thailand

    23.2963

    22.0392

    21.2000

    21.2900

    Baht

    UK

    0.5165

    0.5011

    0.4956

    0.4771

    Pound sterling

    USA

    0.6603

    0.6482

    0.6217

    0.6550

    US dollar

    Vietnam

    16543.5397

    16472.7171

    15855.0000

    17087.0000

    Dong

    Notes:

    From 1 January 2020, we have used the exchange rates from the Reserve Bank of AustraliaOpens in a new window. In previous years we have used exchange rates sourced from the Commonwealth Bank of AustraliaOpens in a new window.

    The Reserve Bank of Australia and the Commonwealth Bank publish rates for different countries.

    If we do not publish a rate for the country or year you need, you can use an appropriate exchange rate provided by:

    • a banking institution operating in Australia including, where relevant, the banking institution through which your foreign income is received
    • another reliable external source.

    Keep the rate used and the source of rates with your records. Be mindful that you cannot obtain an average rate (or rates) of exchange from an associate, or from yourself, unless otherwise notified by us.

    * The Reserve Bank of Australia has recommenced reporting on the Swiss franc after a period of absence, part way through the financial year 2024–25. For this reason, the average rates for the financial years 2023–24 and 2024–25 are not available for this currency.

    MIL OSI News

  • MIL-OSI: BTC Miner: Stable High Returns in Cryptocurrency Cloud Mining, Earn Millions with Eas

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, July 03, 2025 (GLOBE NEWSWIRE) — In the ever-evolving cryptocurrency market, many investors are seeking stable and reliable investment opportunities. However, with the market’s volatility, traditional cryptocurrency investments often come with high risks. Enter BTC Miner, the cloud mining platform that offers a low-risk, high-return solution for global investors.

    BTC Miner utilizes advanced smart cloud mining technology to help users earn daily, stable returns without the need for technical knowledge or costly hardware. The platform’s unique feature is its guaranteed principal and fixed returns, ensuring that investors’ capital remains secure while generating consistent profits.

    Stable High Returns, Easy Profits

    As one of the leaders in the cryptocurrency industry, BTC Miner combines its smart cloud mining system and green energy mining farms to provide investors with a low-risk, sustainable investment platform. With BTC Miner, investors can easily choose different mining contracts and enjoy daily stable returns. For example:

    • Invest $200 and earn $10 daily, recouping $220 in 2 days
    • Invest $1,000 and earn $23.8 daily, recouping $1,071.40 in 3 days
    • Invest $30,000 and earn $502.5 daily, recouping $35,175 in 7 days

    These fixed-return contracts offer unprecedented stability, shielding investors from the risks associated with the fluctuating prices of Bitcoin, Ethereum, and other cryptocurrencies.

    Register and Receive $500 Bonus, Start Your Cloud Mining Journey

    To help more investors understand and experience cloud mining, BTC Miner is offering a $500 bonus to new users. By registering an account, users can claim this bonus and use it to purchase mining contracts, allowing them to experience zero-risk stable returns. This offer not only provides a risk-free opportunity for newcomers but also enables experienced investors to verify the platform’s stability and profit potential.

    Referral Rewards Program: Invite More, Earn More

    BTC Miner also offers an innovative Referral Rewards Program. By inviting friends to register and invest, users can earn up to 7% in referral rewards. Share your personal referral link, bring more people into the platform, and once your referrals start mining, you will earn rewards from their contract investments.

    This reward program not only encourages platform growth but also allows users to earn passive income through the social referral system. The more people you invite, the higher your earnings as their investments grow.

    FCA Certification: Ensuring Fund Security and Platform Compliance

    To ensure the platform’s legitimacy and the security of users’ funds, BTC Miner has obtained FCA (Financial Conduct Authority) certification. The FCA is one of the most stringent financial regulatory bodies in the world, and obtaining this certification means that the platform complies with strict regulatory standards, ensuring transparent and lawful operations. Investors can confidently invest, knowing their funds are protected in a secure, compliant environment.

    Investor Feedback: High Returns and Stability Praised

    Many investors have praised BTC Miner for its stable returns and transparent operations. Users from around the world have expressed their satisfaction with the platform, which provides not only stable returns but also a simple way to manage investments, greatly reducing their concerns about market volatility.

    John Davis, a U.S.-based investor, shared his experience: “In the fast-moving world of digital assets, finding a stable investment platform is rare. BTC Miner gave me peace of mind with guaranteed returns. The FCA certification gives me confidence, and I’m looking forward to continuing to increase my investment with the platform.”

    How to Join BTC Miner?

    1. Register an Account: Visit https://btcminer.net, fill in your details, and complete the registration.
    2. Claim Your $500 Bonus: New users can claim a $500 bonus upon registration to start cloud mining.
    3. Choose a Suitable Contract: Based on your budget and needs, select a mining contract that works for you.
    4. Start Earning: Your returns will be automatically credited daily, and you can choose to withdraw or reinvest.

    Summary:

    As the cryptocurrency market matures, BTC Miner stands out by offering innovative smart cloud mining and green energy mining solutions, providing a stable, high-return, low-risk platform for global investors. With FCA certification, fixed-return contracts, and a flexible Referral Rewards Program, BTC Miner makes it easy for anyone to enter the cloud mining world and earn passive income.

    Register today at BTC Miner and begin your cloud mining journey—turn stable high returns into your new investment strategy!

    Website: https://btcminer.net
    Email: info@btcminer.net

    Attachment

    The MIL Network

  • MIL-OSI: Karolinska Development receives update from Organon concerning OG-6219

    Source: GlobeNewswire (MIL-OSI)

    STOCKHOLM, SWEDEN – July 3, 2025. Karolinska Development AB (Nasdaq Stockholm: KDEV) today announces an update from Organon on the development of the drug candidate OG-6219, acquired by Organon through its acquisition of Forendo Pharma in 2021. Following results from a Phase 2 clinical study with OG-6219, Organon plans to discontinue the clinical development of the drug candidate.

    Organon has announced results from the Phase 2 ELENA proof-of-concept, where the drug candidate OG-6219 was evaluated in patients with endometriosis-related pain. The outcomes of the study failed to demonstrate improvement in moderate-to-severe endometriosis-related overall pelvic pain compared to placebo. Based on the results, Organon plans to discontinue the clinical development program with OG-6219.

    As part of the 2021 acquisition, Organon acquired Forendo Pharma containing two drug candidate projects, of which OG-6219 was the most advanced drug development project.

    According to the agreement with Organon, Karolinska Development is entitled to earn-out payments. Before the announcement, Karolinska Development estimated the risk-adjusted net present value (rNPV) of future cash flows (earn-outs), after the initial payment in December 2021 and payments in 2022 and 2023, to SEK 76.2 million. Karolinska Development recognizes the need to implement an impairment if Organon decides to discontinue the project. Final impairment will be presented in the interim report for the second quarter 2025.

    For further information, please contact:

    Viktor Drvota, CEO, Karolinska Development AB
    Phone: +46 73 982 52 02, e-mail: viktor.drvota@karolinskadevelopment.com

    Johan Dighed, General Counsel and Deputy CEO, Karolinska Development AB
    Phone: +46 70 207 48 26, e-mail: johan.dighed@karolinskadevelopment.com

    TO THE EDITORS

    About Karolinska Development AB

    Karolinska Development AB (Nasdaq Stockholm: KDEV) is a Nordic life sciences investment company. The company focuses on identifying breakthrough medical innovations in the Nordic region that are developed by entrepreneurs and leadership teams. The Company invests in the creation and growth of companies that advance these assets into commercial products that are designed to make a difference to patients’ lives while providing an attractive return on investment to shareholders.

    Karolinska Development has access to world-class medical innovations at the Karolinska Institutet and other leading universities and research institutes in the Nordic region. The Company aims to build companies around scientists who are leaders in their fields, supported by experienced management teams and advisers, and co-funded by specialist international investors, to provide the greatest chance of success.

    Karolinska Development has a portfolio of eleven companies targeting opportunities in innovative treatment for life-threatening or serious debilitating diseases.

    The Company is led by an entrepreneurial team of investment professionals with a proven track record as company builders and with access to a strong global network.

    For more information, please visit www.karolinskadevelopment.com.

    Attachment

    The MIL Network

  • MIL-Evening Report: Does eating cheese before bed really give you nightmares? Here’s what the science says

    Source: The Conversation (Au and NZ) – By Charlotte Gupta, Senior Postdoctoral Research Fellow, Appleton Institute, HealthWise Research Group, CQUniversity Australia

    Phoenixns/Shutterstock, The Conversation, CC BY

    Have you heard people say eating cheese before bed will cause you to have vivid dreams or nightmares?

    It’s a relatively common idea. And this week, a new study has landed this suggestion back in the spotlight.

    But is it true? Let’s unpack the evidence.

    A gouda night’s sleep?

    Canadian researchers recently investigated this idea in a sample of 1,082 undergraduate psychology students. The students completed a survey, which included questions about how they perceived their diet influenced their sleep and dreams.

    Some 40% of participants reported certain foods impacted their sleep, with 25% of the whole sample claiming certain foods worsened their sleep, and 20% reporting certain foods improved their sleep.

    Only 5.5% of respondents believed what they ate affected the nature of their dreams. But many of these people thought sweets or dairy products (such as cheese) made their dreams more strange or disturbing and worsened their sleep.

    In contrast, participants reported fruits, vegetables and herbal teas led to better sleep.

    This study used self-reporting, meaning the results rely on the participants recalling and reporting information about their sleep and dreams accurately. This could have affected the results.

    It’s also possible participants were already familiar with the notion that cheese causes nightmares, especially given they were psychology students, many of whom may have studied sleep and dreaming.

    This awareness could have made them more likely to notice or perceive their sleep was disrupted after eating dairy. In other words, the idea cheese leads to nightmares may have acted like a self-fulfilling prophecy and results may overestimate the actual likelihood of strange dreams.

    Nonetheless, these findings show some people perceive a connection between what they eat and how they dream.

    While there’s no evidence to prove cheese causes nightmares, there is evidence that does explain a link.

    The science behind cheese and nightmares

    Humans are diurnal creatures, meaning our body is primed to be asleep at night and awake during the day. Eating cheese before bed means we’re challenging the body with food at a time when it really doesn’t want to be eating.

    At night, our physiological systems are not primed to digest food. For example, it takes longer for food to move through our digestive tract at night compared with during the day.

    If we eat close to going to sleep, our body has to process and digest the food while we’re sleeping. This is a bit like running through mud – we can do it, but it’s slow and inefficient.

    Cheese can be particularly challenging to digest at night because of high concentrations of fat and protein, which slows down our digestion.

    If your body is processing and digesting food instead of focusing all its resources on sleep, this can affect your shut-eye. Research has shown eating close to bedtime reduces our sleep quality, particularly our time spent in rapid eye movement (REM) sleep, which is the stage of sleep associated with vivid dreams.

    People will have an even harder time digesting cheese at night if they’re lactose intolerant, which might mean they experience even greater impacts on their sleep. This follows what the Canadian researchers found in their study, with lactose intolerant participants reporting poorer sleep quality and more nightmares.

    It’s important to note we might actually have vivid dreams or nightmares every night – what could change is whether we’re aware of the dreams and can remember them when we wake up.

    Poor sleep quality often means we wake up more during the night. If we wake up during REM sleep, research shows we’re more likely to report vivid dreams or nightmares that we mightn’t even remember if we hadn’t woken up during them.

    This is very relevant for the cheese and nightmares question. Put simply, eating before bed impacts our sleep quality, so we’re more likely to wake up during our nightmares and remember them.

    What we eat, particularly just before bed, can affect our sleep.
    Ivan Oboleninov/Pexels

    Can I still have brie before bedtime?

    Don’t panic – I’m not here to tell you to give up your cheesy evenings. But what we eat before bed can make a real difference to how well we sleep, so timing matters.

    General sleep hygiene guidelines suggest avoiding meals at least two hours before bed. So even if you’re eating a very cheese-heavy meal, you have a window of time before bed to digest the meal and drift off to a nice peaceful sleep.

    How about other dairy products?

    Cheese isn’t the only dairy product which may influence our sleep. Most of us have heard about the benefits of having a warm glass of milk before bed.

    Milk can be easier to digest than cheese. In fact, milk is a good choice in the evening, as it contains tryptophan, an amino acid that helps promote sleep.

    Nonetheless, we still don’t want to be challenging our body with too much dairy before bed. Participants in the Canadian study did report nightmares after dairy, and milk close to bed might have contributed to this.

    While it’s wise to steer clear of food (especially cheese) in the two hours before lights out, there’s no need to avoid cheese altogether. Enjoy that cheesy pasta or cheese board, just give your body time to digest before heading off to sleep. If you’re having a late night cheese craving, opt for something small. Your sleep (and your dreams) will thank you.

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

    ref. Does eating cheese before bed really give you nightmares? Here’s what the science says – https://theconversation.com/does-eating-cheese-before-bed-really-give-you-nightmares-heres-what-the-science-says-260205

    MIL OSI AnalysisEveningReport.nz

  • Indian stock market opens higher, Sensex above 83,400

    Source: Government of India

    Source: Government of India (4)

    The Indian benchmark indices opened higher on Thursday amid positive global cues, with buying seen in the IT, pharma and auto sectors in early trade.

    At around 9:25 am, the Sensex was trading 68.28 points or 0.08 per cent higher at 83,477.97, while the Nifty added 19.30 points or 0.08 per cent to reach 25,472.70.

    Analysts said the market is currently consolidating the recent bullish rectangle breakout, and as long as the 25,200–25,270 range holds, bulls are merely taking a breather.

    “Below 25,200, we risk a slide to 25,000. On the upside, the recent swing high at 25,670 is where the next bullish trigger lies,” said Akshay Chinchalkar, Head of Research at Axis Securities.

    With the deadline for the US tariff pause expiring next week, it remains to be seen whether the current global optimism will hold.

    “Today is the weekly derivatives expiry, so higher-than-usual volatility may be seen,” he added.

    The Nifty Bank was down 9.90 points or 0.02 per cent at 56,989.30 in early trade.

    The Nifty Midcap 100 index was trading at 59,645.25, down 22 points or 0.04 per cent. The Nifty Smallcap 100 index stood at 18,969.35, declining 7.75 points or 0.04 per cent.

    In the Sensex pack, Kotak Mahindra Bank, Bajaj Finance, Bajaj Finserv, BEL, Titan, Axis Bank, NTPC, SBI, HCL Tech and ITC were among the top losers.

    On the other hand, Eternal (earlier Zomato), Asian Paints, M&M, Infosys, Tech Mahindra, Maruti Suzuki and ICICI Bank were among the top gainers.

    Foreign institutional investors (FIIs) extended their selling on July 2, offloading equities worth ₹1,561.62 crore, while domestic institutional investors (DIIs) continued their buying spree, purchasing equities worth ₹3,036.68 crore on the same day.

    In Asian markets, Bangkok, China, Japan, Seoul and Jakarta were trading in the green, whereas only Hong Kong was in the red.

    In the last trading session, the Dow Jones in the US closed at 44,484.42, down 10.52 points or 0.02 per cent. The S&P 500 ended with a gain of 29.41 points or 0.47 per cent at 6,227.42, while the Nasdaq closed at 20,393.13, up 190.24 points or 0.94 per cent.

    Analysts said the US-Vietnam trade deal indicates the US administration’s eagerness to secure as many trade agreements as possible, as deals with the EU and Japan appear unlikely in the near term.

    — IANS

  • Another batch of 5,246 yatris leaves for Valley as Amarnath Yatra begins today

    Source: Government of India

    Source: Government of India (4)

    The annual Amarnath Yatra officially commenced on Thursday, with another batch of 5,246 pilgrims departing from Jammu for the Kashmir Valley, officials confirmed.

    According to officials, the second batch of pilgrims left Bhagwati Nagar Yatri Niwas on Canal Road in Jammu in two escorted convoys.

    “Out of the total, 1,993 pilgrims are heading to the Baltal base camp, while 3,253 are bound for the Pahalgam base camp,” they added.

    The 36-day-long Yatra began on Thursday morning, with the first batch of pilgrims setting off from the Baltal base camp towards the holy cave shrine. Simultaneously, others from the same batch departed from Pahalgam on foot.

    Upon their arrival in the Valley on Wednesday, the pilgrims were warmly welcomed by locals – including members of civil society, traders, and other community groups – who lined up at the Navyug Tunnel in Qazigund town with garlands and placards.

    J&K Lieutenant Governor Manoj Sinha flagged off the first batch of pilgrims from Jammu on Wednesday, marking the ceremonial start of this year’s Yatra.

    Unprecedented security arrangements have been made for the Yatra, particularly in light of the April 22 terror attack in Pahalgam. An additional 180 companies of Central Armed Police Forces (CAPFs) have been deployed to bolster the existing security setup, which includes the Army, security forces, and the Jammu and Kashmir Police.

    Pilgrims have been advised to travel from Jammu to the base camps only as part of official escorted convoys and not to attempt the journey individually for safety reasons.

    The Yatra will conclude on August 9, coinciding with Shravan Purnima and Raksha Bandhan.

    The holy cave shrine, located 3,888 meters above sea level, can be reached via two routes: the traditional 46-kilometre-long Pahalgam route or the shorter 14-kilometre Baltal route.

    Pilgrims taking the Pahalgam route pass through Chandanwadi, Sheshnag, and Panchtarni, typically taking four days to reach the shrine. In contrast, those using the Baltal route usually complete the round trip in a single day.

    Due to security concerns, helicopter services are not being offered to pilgrims this year.

    Local residents play a vital role in facilitating the pilgrimage by providing ponies, palkis, and even carrying elderly or infirm devotees on their backs along the difficult terrain leading to the shrine.

    (With inputs from IANS)

  • WHO pushes countries to raise prices on sugary drinks, alcohol and tobacco by 50%

    Source: Government of India

    Source: Government of India (4)

    The World Health Organization is pushing countries to raise the prices of sugary drinks, alcohol and tobacco by 50% over the next 10 years through taxation, its strongest backing yet for taxes to help tackle chronic public health problems.

    The United Nations health agency said the move would help cut consumption of the products, which contribute to diseases like diabetes and some cancers, as well as raising money at a time when development aid is shrinking and public debt rising.

    “Health taxes are one of the most efficient tools we have,” said Jeremy Farrar, WHO assistant-director general of health promotion and disease prevention and control. “It’s time to act.”

    The WHO launched the push, which it is called “3 by 35” at the UN Finance for Development conference in Seville.

    WHO said that its tax initiative could raise $1 trillion by 2035 based on evidence from health taxes in countries such as Colombia and South Africa.

    The WHO has backed tobacco taxes and price rises for decades, and has called for taxes on alcohol and sugary drinks in recent years, but this is the first time it has suggested a target price rise for all three products.

    WHO Director-General Dr Tedros Adhanom Ghebreyesus told the conference that the taxes could help governments “adjust to the new reality” and bolster their own health systems with the money raised.

    Many low and middle-income countries are coping with cuts to aid spending led by the United States, which is not attending the Seville conference. The U.S. is also in the process of withdrawing from the WHO.

    FROM $4 to $10

    As an example, the initiative would mean a government in a middle-income country raising taxes on the product to push the price up from $4 today to $10 by 2035, taking into account inflation, said WHO health economist Guillermo Sandoval.

    Nearly 140 countries had already raised tobacco taxes and therefore prices by over 50% on average between 2012 and 2022, the WHO added.

    Sandoval said the WHO was also considering broader taxation recommendations, including on ultra-processed food, after the agency finalises its definition of that type of food in the coming months. But he added that the agency expected pushback from the industries involved.

    The initiative is also backed by Bloomberg Philanthropies, the World Bank and the Organization for Economic Co-operation and Development (OECD), and involves support for countries who want to take action.

    (Reuters)

  • Another batch of yatris leaves for Valley as Amarnath Yatra begins today

    Source: Government of India

    Source: Government of India (4)

    The annual Amarnath Yatra officially commenced on Thursday, with another batch of 5,246 pilgrims departing from Jammu for the Kashmir Valley, officials confirmed.

    According to officials, the second batch of pilgrims left Bhagwati Nagar Yatri Niwas on Canal Road in Jammu in two escorted convoys.

    “Out of the total, 1,993 pilgrims are heading to the Baltal base camp, while 3,253 are bound for the Pahalgam base camp,” they added.

    The 36-day-long Yatra began on Thursday morning, with the first batch of pilgrims setting off from the Baltal base camp towards the holy cave shrine. Simultaneously, others from the same batch departed from Pahalgam on foot.

    Upon their arrival in the Valley on Wednesday, the pilgrims were warmly welcomed by locals – including members of civil society, traders, and other community groups – who lined up at the Navyug Tunnel in Qazigund town with garlands and placards.

    J&K Lieutenant Governor Manoj Sinha flagged off the first batch of pilgrims from Jammu on Wednesday, marking the ceremonial start of this year’s Yatra.

    Unprecedented security arrangements have been made for the Yatra, particularly in light of the April 22 terror attack in Pahalgam. An additional 180 companies of Central Armed Police Forces (CAPFs) have been deployed to bolster the existing security setup, which includes the Army, security forces, and the Jammu and Kashmir Police.

    Pilgrims have been advised to travel from Jammu to the base camps only as part of official escorted convoys and not to attempt the journey individually for safety reasons.

    The Yatra will conclude on August 9, coinciding with Shravan Purnima and Raksha Bandhan.

    The holy cave shrine, located 3,888 meters above sea level, can be reached via two routes: the traditional 46-kilometre-long Pahalgam route or the shorter 14-kilometre Baltal route.

    Pilgrims taking the Pahalgam route pass through Chandanwadi, Sheshnag, and Panchtarni, typically taking four days to reach the shrine. In contrast, those using the Baltal route usually complete the round trip in a single day.

    Due to security concerns, helicopter services are not being offered to pilgrims this year.

    Local residents play a vital role in facilitating the pilgrimage by providing ponies, palkis, and even carrying elderly or infirm devotees on their backs along the difficult terrain leading to the shrine.

    (With inputs from IANS)

  • MIL-OSI Economics: Guinea: Operationalization of the statutory special resolution regime

    Source: International Monetary Fund

    Summary

    The report outlines the efforts of the International Monetary Fund (IMF) to assist the Central Bank of the Republic of Guinea (BCRG) in operationalizing a special resolution regime (SRR) for credit institutions. This initiative addresses the deficiencies in Guinea’s financial safety net, which currently lacks a comprehensive resolution framework. The project involved enhancing staff capacity and developing resolution tools like partial sale and bridge institution. Key findings highlight the need for increased staffing and expertise, while recommendations focus on establishing a resolution function, drafting resolution plans, and ensuring that resolution tools will be supported by an adequate resolution funding mechanism. These measures aim to strengthen Guinea’s financial stability and crisis management capabilities.

    Subject: Bank resolution framework, Crisis management, Crisis resolution, Financial crises, Financial safety nets, Financial sector policy and analysis, Financial sector stability, Special resolution regime

    Keywords: Bank resolution framework, Bridge bank, Crisis management, Crisis management, Crisis resolution, Financial crisis management, Financial safety net, Financial safety nets, Financial sector stability, Financial stability, Special resolution regime, Special resolution regime

    MIL OSI Economics

  • RBI issues advisory to banks for integration of DoT’s Financial Fraud Risk Indicator

    Source: Government of India

    Source: Government of India (4)

    The Department of Telecommunications (DoT) welcomes the Reserve Bank of India’s (RBI) advisory issued on June 30, directing all Scheduled Commercial Banks, Small Finance Banks, Payments Banks and Co-operative Banks to integrate the Financial Fraud Risk Indicator (FRI) developed by DoT into their systems.

    This major step is expected to strengthen efforts to curb cyber-enabled financial frauds and boost collaboration between key agencies to protect citizens in the expanding digital economy. The integration will automate data exchange between banks and DoT’s Digital Intelligence Platform (DIP) through secure API-based systems, allowing for real-time fraud risk checks and continuous updates.

    What is the Financial Fraud Risk Indicator and How Will It Help?

    Launched in May 2025 by DoT’s Digital Intelligence Unit (DIU), the Financial Fraud Risk Indicator is a risk-based tool that classifies mobile numbers as Medium, High or Very High risk based on data from the National Cybercrime Reporting Portal, DoT’s Chakshu platform and intelligence inputs from banks and financial institutions.

    Using the FRI, banks can take immediate preventive steps such as declining suspicious transactions, alerting customers, or delaying high-risk transactions. DoT’s DIU also shares a Mobile Number Revocation List with stakeholders, which includes numbers disconnected due to links with cybercrime or misuse.

    The system is already being used by major institutions including PhonePe, Punjab National Bank, HDFC Bank, ICICI Bank, Paytm and India Post Payments Bank. With UPI being widely used across India, the wider adoption of FRI is expected to protect millions of users from online fraud.

    DoT has reiterated its commitment to support banks and financial institutions with technology-driven, coordinated solutions like the FRI. The move aligns with the Government’s Digital India vision and aims to strengthen digital trust, improve fraud detection and enhance resilience across the financial ecosystem.

  • MIL-OSI Russia: Philosophy of Eclecticism. A Walk Behind the Scenes of Moscow’s Et Cetera Theatre

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    This autumn it will be 20 years since one of the most recognizable theaters in the capital moved to its permanent home at 2 Frolov Lane. Six years ago, construction began on the second stage of the building on Myasnitskaya Street, and soon it acquired its now familiar appearance, and the central entrance was located within walking distance from the Chistye Prudy metro station. Kultura Moskvy visited the theater on a tour, during which it learned the specifics of its architecture, the secret of the seats in the large hall, and the role of Anatoly Efros in the life of Alexander Kalyagin.

    Anatoly Efros – 100

    First of all, we head to the ship’s captain’s bridge – to the office of the artistic director of the Moscow Et Cetera Theatre, People’s Artist of the RSFSR, laureate of the USSR State Prizes Alexander Kalyagin. The film crew had to wait for an audience due to a protracted staff meeting: Monday is a hard day, everyone needs to be heard, valuable instructions given and charged up for the new work week.

    Aleksandr Aleksandrovich greets you very warmly, in a homely way, offering tea and smiling softly at questions and curiosity. And there is much to look at: just sitting next to a legend of Soviet theater and cinema is already a great honor, but the office, like a museum, is full of interesting exhibits. There is a globe, and numerous books, statues, a clock, and on the walls are memorable photographs and playbills.

    The enchanted gaze stops at a large black-and-white poster of the festival in memory of Anatoly Efros in St. Petersburg, which took place in April 1993. Then a question arises about the teachers and mentors of Alexander Kalyagin, among whom Anatoly Vasilyevich occupies a special place. “This is a long conversation. Because every time I talk about Efros, some kind of wave sincerely rises in me. From smiles to tears, from some visions of his performances to funerals,” the master shares. Alexander Alexandrovich dreamed of playing in the productions of the famous director and was able to realize this cherished desire in two of his performances in the early 1980s on the stage of the Moscow Art Theater: “And what a company we had in “Tartuffe”! Every actor is an entire era. And Stanislav Lyubshin, and Anastasia Vertinskaya, and Nina Gulyaeva, and Yuri Bogatyrev. Everything, everything that is needed.” In those years, another equally famous and honored master served there, whose figure also had a strong influence on the future founder of the Et Cetera theater – Oleg Efremov, an outstanding teacher and an extraordinary personality. “He was so charming, believe me, he had a magical effect on everyone,” Alexander Kalyagin recalls about him.

    We talked about contemporary theatre, directorial discoveries, and the different thinking of today’s directors. And then we went to the foyer to see an exhibition dedicated to Anatoly Efros, who would have turned 100 on July 3.

    “A Month in the Country.” How Efros Staged Turgenev’s “Most Boring” Comedy“104 Pages About Love”. The History of the Legendary Performance by Anatoly Efros

    Where is Godot anyway?

    After the museum exhibition, Timofey Dunayev, an actor of the theater, gave a short excursion into history: “Et Cetera was founded in 1992 by graduates of the Moscow Art Theater School, course of Alexander Alexandrovich Kalyagin. On February 2, 1993, the first performance of Anton Pavlovich Chekhov’s play “Uncle Vanya” was performed with Vasily Lanovoy and Vladimir Simonov in the leading roles on the stage of the Pushkin Theater. And then we moved to the space on Novy Arbat (building 11), where, in fact, we settled for several years. And the construction of this building began here, on Myasnitskaya Street.”

    Alexander Kalyagin worked on each stage of construction, participated directly in the development of the project, influencing the architecture of the building, as well as its interior and exterior content. The style is based on postmodernism, but in general, eclecticism – a mixture of different trends – dominates the philosophy of the theater, its interior and exterior. According to Timofey Dunayev, the repertoire also includes completely different performances both in form and meaning – from classical works like Boris Godunov directed by Peter Stein to more modern interpretations – Duck Hunt and Mandate by Vladimir Pankov, the current artistic director of the Moscow State Theater “Lenkom Mark Zakharov”.

    To be a director means to be a tightrope walker: the artistic director of Lenkom on the world of theatrical art

    Classicism, baroque, rococo can be seen everywhere: in the decoration, stucco, design, including the entrance to the large hall. It amazes not only with its capacity (528 seats!), but also, first of all, with its inevitably eye-catching chairs. “They are absolutely unique,” comments Timofey Dunayev, “made at a Milan furniture factory specifically for the Et Cetera theater. There are 11 types of chairs, for which sketches were developed, reviewed, and personally approved by Alexander Alexandrovich. They imitate the types of chairs that stood in different auditoriums of famous theaters at different times: in the “Comédie Française,” “Palais Royal,” in London, Spain. Such is the mystery. That is, people enter the hall — and immediately there is a certain theatricality, a mystery.”

    The mysteries don’t end there, however. If you look closely, you’ll notice that the right and left sides of the mezzanine are decorated in different styles, and the central box is offset to the right relative to the center (if you look at it from the stage). The same goes for the aisles – they’re quite unusual.

    The hall itself seems to reproduce a quote from William Shakespeare’s play: “All the world’s a stage, and the women and the men all players; each with his own entrance and exit, and each playing more than one part.” In this way, Et Cetera invites the audience to play a little, to feel part of the magic that the actors, directors and technical team create for them. The effect is enhanced by the boxes, each of which is named after a certain dramatic character. “There is Tartuffe’s box from Moliere’s play of the same name. There is Mitrofanushka’s box – for us, this is “The Minor”. That is, when you buy a ticket, you do not have the right side, the third box, but, let’s say, Ariel’s box from Shakespeare’s “The Tempest”, ” explains Timofey Dunayev. And the central box is named after the hero of Samuel Beckett’s most famous play, whom all the other characters endlessly discuss, but he never appears. Tickets are not sold for it – it stands empty, waiting for Godot.

    Et Cetera, Et Cetera, Et Cetera…

    Having stopped by the Efrosovsky Hall on the way and admired the spiral staircase, we set off together with Dmitry Mozgov, deputy artistic director of the Moscow Et Cetera Theatre for creative issues, to another performance space. Chamber performances and poetry evenings are held in the small hall, a laboratory is held where young directors, playwrights, actors try to find a new language, to feel out a new aesthetic. “And sometimes we have very interesting discoveries on the small stages of our theatre,” Dmitry Mozgov shares.

    The Et Cetera Theatre actively participates in the cultural life of Moscow and various city events: recently one of the performances was shown in Zaryadye Park, and the May “Night at the Museum” was also celebrated brightly. Creative evenings and meetings are held here, and any viewer, while studying the intricate decoration of the building, will be able to find something interesting: a unique chandelier (and not just one), a stage that is one of the three Moscow leaders in technical capabilities, luxurious backstage areas, temporary exhibitions and high-profile premieres. Alexander Kalyagin, the heart and soul of the theatre, is invisibly present everywhere, and sometimes he appears very obviously and not only on stage: here and there you can see life-size figures of the master, with whom viewers willingly take pictures.

    On the first floor, where the museum is located, you can read the words of Alexander Alexandrovich, ornately written on a rectangular plaque: “Et Cetera in Latin – and so on, and so forth, and so forth… It seems to me a wonderful name for a theater. The essence of its aspirations is to unite different schools and different artists, in a word, et cetera…” This season is coming to an end, but there will certainly be a continuation in the next one – see you at the theater!

    You can explore Et Cetera’s repertoire and purchase tickets atMos.ru.

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

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

    https: //vv.mos.ru/nevs/ite/156178073/

    MIL OSI Russia News

  • MIL-OSI Australia: Consultation: draft PS LA on Public CBC reporting exemptions

    Source: New places to play in Gungahlin

    We’ve published draft Practice Statement Law Administration PS LA 2025/D1 Public country-by-country reporting exemptions.

    It sets out our administrative approach to the Commissioner’s discretion for granting an exemption from the Public country-by-country (CBC) reporting obligations. It applies to all entities subject to Public CBC reporting that may consider applying for a full or partial exemption from publishing information, or from publishing information of a particular kind.

    We’re taking public comments until 5 September 2025. You can find instructions on how to submit your comments in PS LA 2025/D1.

    We have also updated our web guidance on Public CBC reporting with information about how to apply for an exemption.

    We’ll also be hosting virtual consultation meetings on 7 and 22 August 2025 about the exemptions to Public CBC reporting. You can email PublicCBC@ato.gov.au to express interest in participating.

    Keep up to date

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    MIL OSI News

  • MIL-OSI New Zealand: Strengthening trespass laws for businesses

    Source: New Zealand Government

    The Government is strengthening trespass laws to make them more effective and practical for businesses, Justice Minister Paul Goldsmith and Associate Justice Minister Nicole McKee say.

    “We know our trespass laws are no longer fit for purpose. They’re difficult to enforce and often criminals take no notice. They return with impunity and just continue to rob businesses of their livelihoods,” Mr Goldsmith says.

    “Our plan to restore law and order is working, but there’s still more work to be done. Trespass laws are an area we know will make a world of difference to the community. 

    “Businesses need extra tools to better protect their properties, keep offenders away, and stop them from coming back.”

    The proposed changes to the Trespass Act are:

    • Increasing the maximum trespass period from two years to three years.
    • Allow businesses, such as franchises, to trespass individuals from multiple locations.
    • Increase the maximum fine for anyone refusing to leave when asked, or returning when trespassed from $1,000 to $2,000.
    • Increase the maximum fine for anyone refusing to give their name and address when requested, or giving false information, from $500 to $1,000.

    “For too long, offenders have treated trespass notices like a joke. These changes send a clear message: enough is enough. If you threaten retail workers or steal from businesses, don’t expect to walk back in like nothing happened,” Mrs McKee says.
    “Every New Zealander deserves to feel safe at work, especially our frontline retailers. These reforms aren’t just about fines and paperwork; they are about making retail spaces safer and giving businesses the respect they deserve.”

    “I want to thank Sunny Kaushal and the Retail MAG for engaging with retailers across the country and for their recommendations on how to modernise the Trespass Act, so it better upholds retailers’ business and property rights, while keeping customers and staff safe,” Mr Goldsmith says.

    “Our goal before the Bill is introduced is to explore how best to support retailers when distributing notices to those who refuse to engage.”

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: BNZ offers support to customers affected by severe weather in the Upper South Island

    Source: BNZ Statements

    “If you’ve been impacted by severe weather and are concerned about your finances, please call us.”

    That’s the message for customers from BNZ Head of Branch for the Lower North Island and top of the South, Christine Jones.

    BNZ is offering a targeted assistance package to affected customers in Nelson, Tasman and Marlborough.

    Available immediately, the assistance package includes:

    • Ability to review home lending facilities on a case-by-case basis.
    • Access to temporary personal overdrafts to support customers who require access to funds urgently while they await insurance pay-outs. Standard interest rates and credit criteria applies.
    • Access to temporary overdrafts of up to $10,000 with no application fee for Small Business customers. Standard interest rates and credit criteria applies.
    • Access to temporary overdrafts for Agri, Business, and Commercial customers up to $100,000, with no application fee. Standard interest rates and credit criteria applies.

    “We understand that some of our customers may be facing unexpected challenges to their homes, businesses and communities as a result of the severe weather events,” says Christine.

    “We are offering practical support to help relieve some of the pressure during this time, so people can focus on the clean-up and recovery.

    “We also have a range of other options available, especially for customers who are facing hardship, so I encourage people to get in touch so we can see how we can help,” says Christine.

    To discuss support options, business and agribusiness customers should reach out to their BNZ Partner. Small business owners can call 0800 BNZSME, while personal banking customers can access support through BNZ’s digital platforms or by calling 0800 ASKBNZ.

    BNZ PremierCare Insurance customers who need assistance can call IAG NZ on 0800 248 888 or submit an online claim https://iagnz.custhelp.com/app/bnz.

    ENDS

    The post BNZ offers support to customers affected by severe weather in the Upper South Island appeared first on BNZ Debrief.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Commonsense changes to insulation rules

    Source: New Zealand Government

    Overly rigid insulation rules are being removed to ease costs for designers, builders and homeowners, Building and Construction Minister Chris Penk has announced. 
     
    “I’ve heard clearly from the industry that the current one-size-fits-all approach to insulation requirements is needlessly driving-up costs. 
     
    “The most prescriptive compliance pathway currently available for insulation – known as the Schedule Method – doesn’t allow for design trade-offs that can affect a home’s energy efficiency, like adjusting window size. 
     
    “This has led to designers and homeowners having to over-insulate in certain areas to achieve Building Code compliance, offering little extra energy efficiency benefit at a significant cost. 
     
    “To address this, the Ministry of Business, Innovation and Employment (MBIE) will remove the current Schedule Method in favour of more flexible alternatives.  

    “Smarter online tools now let us take a balanced, whole-of-home approach to energy efficiency – enabling builders and designers to measure a home’s total heat loss instead of being locked into prescriptive requirements. 
     
    “Using adaptable Calculation and Modelling Methods is shown to cut the cost of an average new build by up to $15,000. 
     
    “The government will now work closely with the sector to ensure a smooth transition before the change takes effect. 
     
    “The Schedule Method will be removed from the Building Code’s Acceptable Solutions and Verification Methods for Energy Efficiency by the end of the year, followed by a 12-month transition period to give the sector time to adjust. 
     
    “I’ve also directed officials to explore designating the Far North as a separate climate zone under the Building Code, responding to calls from local leaders to ease insulation rules in the region. 
     
    “The Far North District Council made a strong case in its energy-efficiency review submission, highlighting that the region’s warmer climate and need for affordable housing allow for a more tailored approach. 
     
    “I’ve heard from the district council that building costs in the Far North are approaching $5,000 per square metre. They’re pushing for change to deliver more homes for locals at a reasonable price – an ambition I fully support. 
     
    “In my view, recognising Northland’s unique climate with a separate zone is a sensible step that could lower costs and unlock much-needed housing supply. 
     
    “MBIE will consult on any proposed changes to the region’s climate zone designation before final decisions are made, and I look forward to hearing feedback from the public. 

    “This Government is committed to making commonsense changes and cutting construction red tape to make building easier and more affordable – putting more roofs over Kiwi heads, while ensuring those homes stay safe and dry for our families.” 

    Note to editors:    

    • In the context of thermal performance in buildings, insulation refers to materials that reduce heat transfer by acting as a barrier between two areas. This includes products like fibreglass, wool, and glazing.
    • Updated documents with the Schedule Method removed are expected to be published in November 2025. A 12-month transition period will run thereafter, so designers can continue using the old documents with the Schedule Method.
    • MBIE will support the sector with guidance on how to use the more flexible Calculation Method to demonstrate compliance with the Building Code. 

    MIL OSI New Zealand News

  • MIL-OSI Australia: Have your say on the City’s draft Council Plan

    Source: South Australia Police

    Have your say on the City’s draft Council Plan 2025 – 2034, a roadmap for delivering the future services and facilities needed to support the City’s growth and wellbeing.

    Shaped by feedback from the Wanneroo Liveability Survey and a series of community workshops held earlier this year, the plan proposes five strategic goals and supporting priorities to build and grow:

    • a safe City
    • a connected and liveable City
    • a thriving economy
    • a sustainable City
    • a well-governed and managed City

    Wanneroo Mayor Linda Aitken said the plan was all about building the kind of future our community wants to see.

    “It’s practical, positive and packed with potential,” she said.

    “It’s been shaped by what locals have told us matters most – things like safety, sustainability, local jobs and staying connected.

    “Now we’d love to hear what you think. Take a look, have your say and help us shape what’s next for our City!”

    This is the City’s first Council Plan and will bring together the former Strategic Community Plan and Corporate Business Plan into one cohesive document.

    Have your say on the draft plan before 5pm Monday 21 July 2025.

    MIL OSI News