NewzIntel.com

Category: Business

  • MIL-OSI Russia: Mutual benefit is the defining feature of economic ties between China and the US: Chinese ambassador

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    WASHINGTON, June 20 (Xinhua) — Mutual benefit “has always been the defining feature” of China-U.S. economic and trade cooperation, Chinese Ambassador to the United States Xie Feng said Wednesday at the 2025 U.S.-China Business Council (USCBC) Gala Dinner.

    Speaking at a ceremony themed “Seeking a New Path for US-China Relations,” the Chinese diplomat said the growing trade and economic cooperation between China and the US over the years has benefited not only both countries but also the whole world.

    With global economic growth remaining sluggish, cooperation is the only way out, the ambassador said. Protectionism is like “quenching one’s thirst with poison,” and China’s development is an opportunity for the world.

    Xie Feng noted that China-US relations are at a critical stage, and both sides are faced with a choice between win-win cooperation and mutual loss.

    He stressed the importance of following the strategic instructions of the two heads of state and faithfully implementing the important consensus reached between Chinese President Xi Jinping and US President Donald Trump during their telephone conversation.

    Xie Feng stressed China’s sincerity in cooperation and its principles, stressing that China’s sovereignty, security and development interests are the red line that must not be crossed, and mutual respect, peaceful coexistence and win-win cooperation are the principles that must be upheld. –0–

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Appointments to Green Technology and Finance Development Committee announced

    Source: Hong Kong Government special administrative region

         The Government announced today (June 20) the appointment of three new non-official members and the reappointment of 10 serving non-official members to the Green Technology and Finance Development Committee for a period of two years from June 23, 2025, to June 22, 2027.
     
         The membership list in the new term is as follows:
     
    Chairman
    ——-
    Financial Secretary
     
    Non-official members (in alphabetical order of surnames)
    ————————-
    Ms Clara Chan Yuen-shan
    Dr Vincent Cheng Sai-yau
    Dr Dai Fan (newly appointed)
    Ms Loretta Fong Wan-huen
    Professor Gong Peng (newly appointed)
    Professor Alex Jen Kwan-yue
    Ms Poman Lo
    Mr Lu Jiahui (newly appointed)
    Dr Ma Jun
    Mr Philip Ng Kim-lam
    Dr Conrad Wong Tin-cheung
    Miss Vriko Yu Pik-fan
    Dr Martin Zhu Yihao
     
    Official members
    ——————-
    Secretary for Financial Services and the Treasury
    Secretary for Environment and Ecology
    Secretary for Housing
    Secretary for Innovation, Technology and Industry
    Permanent Secretary for Financial Services and the Treasury (Financial Services)
    Deputy Secretary for Transport and Logistics 1
    Head of Project Strategy and Governance Office, Development Bureau
    Chairman, Council for Carbon Neutrality and Sustainable Development
    Chief Executive Officer, Securities and Futures Commission
    Chief Executive Officer, Insurance Authority
    Deputy Chief Executive, Hong Kong Monetary Authority
    Group Chief Sustainability Officer, Hong Kong Exchanges and Clearing Limited
    Chief Executive Officer, Hong Kong Cyberport Management Company Limited
    Chief Executive Officer, Hong Kong Science and Technology Parks Corporation
     
         A Government spokesman said, “Since its establishment in June 2023, the Committee has provided valuable insights across various areas, including fostering the creation of a green technology ecosystem, developing green finance, green transportation and green buildings, as well as promoting and highlighting Hong Kong’s strengths in these areas. We firmly believe that, with the extensive market experience and professional expertise of the Committee members, their invaluable advice will further advance the development of green technology and finance in Hong Kong.
     
         “We express our gratitude to the outgoing members, Mr Wang Hongbo, Dr George Lam, and Mr Jonathan Drew for their contributions to the work of the Committee during their tenure.”
     
         The Committee was established on June 23, 2023, to assist in the formation of an action agenda for promoting the development of Hong Kong into an international green technology and financial centre. Members of the Committee include representatives from relevant policy bureaux, departments and financial regulators, as well as non-official members from the finance, technology, academic, professional services sectors, etc.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Municipality Finance issues EUR 40 million zero coupon notes under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    20 June 2025 at 10:00 am (EEST)

    Municipality Finance issues EUR 40 million zero coupon notes under its MTN programme

    Municipality Finance Plc issues EUR 40 million zero coupon notes on 23 June 2025. The maturity date of the notes is 23 June 2065. MuniFin has a right, but no obligation, to redeem the notes early on 23 June 2040.

    The notes are issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular and the final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 24 June 2025.

    Goldman Sachs Bank Europe SE acts as the dealer for the issue of the notes.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland.
    The Group’s balance sheet is over EUR 53 billion.

    MuniFin builds a better and more sustainable future with its customers. MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, corporate entities under their control, and non-profit organisations nominated by the Housing Finance and Development Centre of Finland (ARA). Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: https://www.kuntarahoitus.fi/en/

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network –

  • MIL-OSI Africa: Eritrea: Programs in Connection with Martyrs’ Day


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    Various programs in connection with Martyrs’ Day, 20 June, have been conducted in Asmara from 16 to 18 June.

    The National Confederation of Eritrean Workers conducted a popular campaign at Asmara Martyrs Cemetery, along with cultural programs and support initiatives for martyrs’ families. The campaign at the Martyra Cemetery was attended by 160 workers from the central office and affiliated workers’ confederations.

    At the cultural program organized at the confederation’s central office, Mr. Tesfay Girmay, Head of Administration and Finance, stated that over 80 members of the central office have been supporting eight families of martyrs since 2024.

    In related news, the cooperative association of members of the 52nd Division organized a program in connection with Martyrs’ Day at the Meshalit historical site on 17 June. The event was attended by members of the association and youth workers’ organizations.

    At the event, veteran fighters provided briefings on the heroic feats demonstrated by the then 52nd Division of the EPLF in its 1988 battle against enemy forces at the Meshalit Front.

    Meshalit Front is located 30 km north of Keren.

    The cooperative association of the 70-16 Division also conducted a popular campaign at the Barentu Martyrs Cemetery, which included tree planting and environmental sanitation activities.

    Distributed by APO Group on behalf of Ministry of Information, Eritrea.

    MIL OSI Africa –

  • MIL-OSI: Prosafe SE: Operational update – May 2025

    Source: GlobeNewswire (MIL-OSI)

    20 June 2025 – Fleet utilisation for May 2025 was 60 per cent.   

    Safe Zephyrus, Safe Eurus and Safe Notos operated at full capacity in May, achieving 99 to 100 per cent commercial uptime.  

    As announced, Safe Notos has been awarded a four-year contract with Petrobras in Brazil commencing September 2026 in continuation of its existing contract.  

    Safe Caledonia commenced operations at the Captain Field in the UK on 02 June 2025.   

    Safe Boreas is currently being transported to Singapore ahead of her upcoming contract in Australia. 

    Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to https://www.prosafe.com  

    For further information, please contact:  

    Terje Askvig, CEO 

    Phone: +47 952 03 886 

    Reese McNeel, CFO 

    Phone: +47 415 08 186 

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. 

    The MIL Network –

  • MIL-Evening Report: Australia wants more foreign investment. That’s why a $29 billion bid for Santos puts the Treasurer in a tricky position

    Source: The Conversation (Au and NZ) – By Shumi Akhtar, Associate Professor, University of Sydney

    Marlon Trottmann/Shutterstock

    The Australian origins of Santos have made an indelible mark on the company’s very name. The energy giant was first incorporated in 1954 under the acronym for “South Australia Northern Territory Oil Search”. It was publicly listed on the Adelaide Stock Exchange that same year.

    Fast forward to today, there are pressing questions about whether Santos could serve Australia’s national interest if it was largely in the hands of a foreign government.

    This week, it was announced a consortium led by the investment division of state-owned Abu Dhabi National Oil Company (ADNOC) had made an all-cash takeover bid of almost A$29 billion for Santos. This would value the company at $36.4 billion (including its debt).

    Santos’ board has said it will support the deal if there isn’t a better offer on the table. But it will first have to clear a raft of regulatory approvals – not only in Australia but also Papua New Guinea and the United States, where Santos has operations.

    The acquisition would be a monumental event in Australia’s corporate history. Key elements of this country’s critical energy infrastructure are at stake.

    But it’s set to put a difficult decision before the Foreign Investment Review Board (FIRB) and Treasurer Jim Chalmers. On the FIRB’s advice, Chalmers will have to balance Australia’s stated desire to attract foreign investment with the need to protect national interests.

    Who’s trying to buy – and why?

    Also in the ADNOC-led consortium of prospective buyers are US private equity firm Carlyle and a sovereign wealth fund of the United Arab Emirates, Abu Dhabi Development Holding Company (ADQ). There are a few key reasons for their interest.

    First, ADNOC is keenly interested in expanding its footprint in gas and liquefied natural gas (LNG). Acquiring Santos would give it a stake in much of Australia’s gas production and established LNG export facilities. This includes major operations at Gladstone and Darwin.

    They would also gain a share in two important Papua New Guinean projects: PNG LNG and the yet-to-be-developed Papua LNG. These assets are particularly attractive because they offer direct access to the growing Asian LNG markets, where future demand is projected to be strong.

    Second, the acquisition would allow ADNOC to diversify its portfolio and gain control of export capacity from Australia and PNG to the Asia Pacific region. Santos’s Gladstone LNG plant, for example, has significant export capacity. Much of Santos’ LNG capacity is under medium and long-term contracts.

    And third, the timing of this bid is strategic. Santos has recently been in a period of high capital expenditure. A number of major projects are nearing completion. A successful takeover could free up funding for further development.

    ADNOC is the state-owned oil company of Abu Dhabi in the United Arab Emirates.
    Marco Curaba/Shutterstock

    Defining national interest

    For regulators assessing the move, the potential takeover touches upon many national security, energy supply, and economic concerns for Australia.

    One of the primary concerns is the potential loss of control over critical energy infrastructure.

    Foreign ownership, especially by a state-linked investor such as ADNOC, raises questions about whose interests will ultimately shape strategic decisions about Australia’s essential gas flows, pricing, or even the integrity of operational technology systems.

    There’s also concern that a foreign owner could prioritise LNG exports over domestic supply. That could potentially exacerbate domestic gas shortages and price hikes. In the eastern states of Australia, such issues are already a concern.

    This is not the first time the Australian government has faced a tough decision on a foreign takeover bid in the oil and gas sector. In 2018, the Morrison government blocked a $13 billion Chinese bid for gas pipeline operator APA Group. It said a single foreign owner should not control Australia’s largest pipeline business.

    And the then-Treasurer Peter Costello blocked Royal Dutch/Shell’s $10 billion blockbuster offer for Woodside Petroleum in 2001, also in the national interest.

    The national interest checklist

    On the other hand, Australia generally welcomes foreign investment. It brings capital, creates jobs, and supports economic growth.

    If this deal proceeds to final stages, the decision could become a “test case” for Australia. Can we still attract global capital while also diligently safeguarding our sovereign interests?

    The consortium has made commitments to maintain Santos’s headquarters in South Australia, preserve jobs and invest in growth and decarbonisation initiatives. But this is only part of the picture.

    The FIRB and the Treasurer will need to consider how the deal would affect:

    • national security and critical infrastructure, including ownership and control risk, system integrity and supply chain vulnerability
    • the economy (such as on jobs and investment, tax revenues)
    • energy security and domestic gas supply
    • other Australian government policies, such as climate targets
    • the character of the investor
    • the complexity of regulation.

    The FIRB and the Treasurer must be acutely aware that few other nations have extended the same generosity to foreign investors as Australia has over recent decades.

    This generosity, while attracting capital, has also raised concerns about the nation’s control over its vital assets.

    The SA government has already signalled it won’t stand idly by if the deal is “not in the interests of South Australians”.

    All of this sits in the context of ongoing questions about how little tax is being paid by some multinationals while exploiting Australia’s natural resources.

    It is paramount the Australian government makes a forward-looking, informed decision. This should serve Australia’s best interests, rather than those of foreign entities.

    Associate Professor Akhtar has been invited to make several submissions to national Senate inquiries on tax, trade, and investment, and some of the material from those submissions has been drawn upon in writing this article.

    – ref. Australia wants more foreign investment. That’s why a $29 billion bid for Santos puts the Treasurer in a tricky position – https://theconversation.com/australia-wants-more-foreign-investment-thats-why-a-29-billion-bid-for-santos-puts-the-treasurer-in-a-tricky-position-259153

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Australia wants more foreign investment. That’s why a $29 billion bid for Santos puts the Treasurer in a tricky position

    Source: The Conversation (Au and NZ) – By Shumi Akhtar, Associate Professor, University of Sydney

    Marlon Trottmann/Shutterstock

    The Australian origins of Santos have made an indelible mark on the company’s very name. The energy giant was first incorporated in 1954 under the acronym for “South Australia Northern Territory Oil Search”. It was publicly listed on the Adelaide Stock Exchange that same year.

    Fast forward to today, there are pressing questions about whether Santos could serve Australia’s national interest if it was largely in the hands of a foreign government.

    This week, it was announced a consortium led by the investment division of state-owned Abu Dhabi National Oil Company (ADNOC) had made an all-cash takeover bid of almost A$29 billion for Santos. This would value the company at $36.4 billion (including its debt).

    Santos’ board has said it will support the deal if there isn’t a better offer on the table. But it will first have to clear a raft of regulatory approvals – not only in Australia but also Papua New Guinea and the United States, where Santos has operations.

    The acquisition would be a monumental event in Australia’s corporate history. Key elements of this country’s critical energy infrastructure are at stake.

    But it’s set to put a difficult decision before the Foreign Investment Review Board (FIRB) and Treasurer Jim Chalmers. On the FIRB’s advice, Chalmers will have to balance Australia’s stated desire to attract foreign investment with the need to protect national interests.

    Who’s trying to buy – and why?

    Also in the ADNOC-led consortium of prospective buyers are US private equity firm Carlyle and a sovereign wealth fund of the United Arab Emirates, Abu Dhabi Development Holding Company (ADQ). There are a few key reasons for their interest.

    First, ADNOC is keenly interested in expanding its footprint in gas and liquefied natural gas (LNG). Acquiring Santos would give it a stake in much of Australia’s gas production and established LNG export facilities. This includes major operations at Gladstone and Darwin.

    They would also gain a share in two important Papua New Guinean projects: PNG LNG and the yet-to-be-developed Papua LNG. These assets are particularly attractive because they offer direct access to the growing Asian LNG markets, where future demand is projected to be strong.

    Second, the acquisition would allow ADNOC to diversify its portfolio and gain control of export capacity from Australia and PNG to the Asia Pacific region. Santos’s Gladstone LNG plant, for example, has significant export capacity. Much of Santos’ LNG capacity is under medium and long-term contracts.

    And third, the timing of this bid is strategic. Santos has recently been in a period of high capital expenditure. A number of major projects are nearing completion. A successful takeover could free up funding for further development.

    ADNOC is the state-owned oil company of Abu Dhabi in the United Arab Emirates.
    Marco Curaba/Shutterstock

    Defining national interest

    For regulators assessing the move, the potential takeover touches upon many national security, energy supply, and economic concerns for Australia.

    One of the primary concerns is the potential loss of control over critical energy infrastructure.

    Foreign ownership, especially by a state-linked investor such as ADNOC, raises questions about whose interests will ultimately shape strategic decisions about Australia’s essential gas flows, pricing, or even the integrity of operational technology systems.

    There’s also concern that a foreign owner could prioritise LNG exports over domestic supply. That could potentially exacerbate domestic gas shortages and price hikes. In the eastern states of Australia, such issues are already a concern.

    This is not the first time the Australian government has faced a tough decision on a foreign takeover bid in the oil and gas sector. In 2018, the Morrison government blocked a $13 billion Chinese bid for gas pipeline operator APA Group. It said a single foreign owner should not control Australia’s largest pipeline business.

    And the then-Treasurer Peter Costello blocked Royal Dutch/Shell’s $10 billion blockbuster offer for Woodside Petroleum in 2001, also in the national interest.

    The national interest checklist

    On the other hand, Australia generally welcomes foreign investment. It brings capital, creates jobs, and supports economic growth.

    If this deal proceeds to final stages, the decision could become a “test case” for Australia. Can we still attract global capital while also diligently safeguarding our sovereign interests?

    The consortium has made commitments to maintain Santos’s headquarters in South Australia, preserve jobs and invest in growth and decarbonisation initiatives. But this is only part of the picture.

    The FIRB and the Treasurer will need to consider how the deal would affect:

    • national security and critical infrastructure, including ownership and control risk, system integrity and supply chain vulnerability
    • the economy (such as on jobs and investment, tax revenues)
    • energy security and domestic gas supply
    • other Australian government policies, such as climate targets
    • the character of the investor
    • the complexity of regulation.

    The FIRB and the Treasurer must be acutely aware that few other nations have extended the same generosity to foreign investors as Australia has over recent decades.

    This generosity, while attracting capital, has also raised concerns about the nation’s control over its vital assets.

    The SA government has already signalled it won’t stand idly by if the deal is “not in the interests of South Australians”.

    All of this sits in the context of ongoing questions about how little tax is being paid by some multinationals while exploiting Australia’s natural resources.

    It is paramount the Australian government makes a forward-looking, informed decision. This should serve Australia’s best interests, rather than those of foreign entities.

    Associate Professor Akhtar has been invited to make several submissions to national Senate inquiries on tax, trade, and investment, and some of the material from those submissions has been drawn upon in writing this article.

    – ref. Australia wants more foreign investment. That’s why a $29 billion bid for Santos puts the Treasurer in a tricky position – https://theconversation.com/australia-wants-more-foreign-investment-thats-why-a-29-billion-bid-for-santos-puts-the-treasurer-in-a-tricky-position-259153

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: ‘I was in a semi-breaking-down sort of place’: new study sheds light on the emotional toll for emergency volunteers

    Source: The Conversation (Au and NZ) – By Natalie Roche, PhD Candidate, Centre for Ergonomics and Human Factors, La Trobe University

    Sergey Dolgikh/Getty Images

    In Australia, there are around 235,000 emergency service volunteers who help communities respond and recover after natural disasters and other traumatic events.

    These include volunteers with metropolitan and rural fire services and other rescue organisations.

    As natural disasters grow more frequent and severe with climate change we rely on these volunteers now more than ever. Yet volunteer numbers are shrinking.

    Our new research reveals an important but often hidden toll from natural disasters – the mental health of emergency service volunteers, who risk physical and emotional burnout.

    In our study, we interviewed 32 Victorian State Emergency Service (SES) and Country Fire Authority (CFA) volunteers. They told us they’re often not getting adequate support.

    Exposure to death

    Death is something commonly hidden behind clinical curtains. But for emergency service volunteers, exposure to dying and death is just part of the job. Death on jobs arrives unpredictably – on roads, in burned homes, after storms, floods and suicides.

    Given their work often takes place in the local community, victims are frequently known to the volunteer, which can further complicate grief. As one participant told us:

    You’re bound to come across someone you know, or someone you love at some point […] in a bad situation.

    Another recounted a colleague’s experience:

    It wasn’t until the next day that she found out that she actually knew the deceased person, but didn’t recognise them.

    Volunteers described often being first on scene to assist but not fully prepared for what they find. They recounted experiences including retrieving children who had drowned, watching people dying on the roadside, and finding burnt and maimed human remains.

    These encounters provoke intense emotional responses, from shock and sadness to feeling powerless and vulnerable. For many, feelings of helplessness and grief reverberate into everyday life. As one volunteer told us:

    I was in a semi-breaking-down sort of place […] having flashbacks […] struggling to hold emotions and do my day job.

    A lack of formal support

    We identified over-reliance on informal team support and individual resilience to cope with difficult emotions.

    Structured debriefs depended on leadership and team dynamics. Leaders with “tough it out” mindsets unintentionally perpetuated stigma around seeking help. One participant explained:

    People generally will just sit there and not talk about how they feel […] They’re feeling ashamed or embarrassed.

    The mindset of some teams seems to be that those who can’t manage the demands of the job should leave. One volunteer said:

    It’s mostly very hard and tough. But if you’re going to survive in the game, you gotta be hard.

    Support programs exist, but often focus on major disasters rather than the more everyday jobs. Referral depends on leaders flagging those seen as at-risk or individual volunteers asking for support. One participant explained:

    We do a debrief with peer support, but some people put on a brave face […] There needs to be more follow up.

    What’s more, support is sometimes difficult to access. One participant, a team leader, explained what happened when a volunteer in their team wasn’t coping:

    I called the mechanisms that [we] were told that we need to access. I’ve got somebody here that’s suicidal, nobody escalated it. I still hadn’t heard back six hours later.

    Importantly, our findings also highlighted that a one-size-fits-all approach doesn’t work. For some, peer support is a lifeline for processing experiences and building resilience, but not for others.

    Five women killed. And the peer support was all over us. You know, we got to the stage where it was ridiculous. We’ve had enough, we don’t want this. It re-traumatises people who want to move on.

    Support for emergency service volunteers isn’t one-size-fits-all.
    Ground Picture/Shutterstock

    Protecting those who protect us

    Talking to emergency service volunteers from only two organisations in one jurisdiction may limit the extent to which we can generalise our findings to other regions, countries or cultures.

    However, Victoria does have the second largest number of emergency service volunteers in Australia (behind New South Wales).

    Emergency service volunteers are extremely proud and passionate about serving their community and show up with care, calm and strength. But our findings show this comes at a personal cost, especially without the right supports.

    Volunteer exposure to death and dying must be recognised as a serious occupational health and safety issue, not just an emotional side effect of the job. We need proactive, not reactive reform if we want to recruit, retain and protect the people we count on in a crisis.

    Legislators and organisations should work collaboratively with emergency service volunteers to develop and implement responsive and consistent support services, culture and leadership.

    Without targeted, systemic and consistent support, we risk the future of our community-based emergency response. It’s time to protect those who protect us.

    If this article has raised issues for you, or if you’re concerned about someone you know, call Lifeline on 13 11 14 or Beyond Blue on 1300 22 4636.

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

    – ref. ‘I was in a semi-breaking-down sort of place’: new study sheds light on the emotional toll for emergency volunteers – https://theconversation.com/i-was-in-a-semi-breaking-down-sort-of-place-new-study-sheds-light-on-the-emotional-toll-for-emergency-volunteers-259145

    MIL OSI Analysis – EveningReport.nz –

  • DGFT imposes new restrictions on imports of precious metal alloys and compounds

    Source: Government of India

    Source: Government of India (4)

    The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, has issued two new notifications aimed at regulating the import of certain precious metal alloys and chemical compounds.

    As per the notification issued on 17 June, the government has restricted the import of alloys of palladium, rhodium and iridium containing more than 1 % gold by weight. This expands the earlier restriction on platinum imports (issued on 5 March 2025) to cover the entire Customs Tariff Heading (CTH) 7110 at the 4-digit level, ensuring a uniform import policy across precious metals and their alloys.

    However, the import of alloys containing less than 1 % gold remains unrestricted, thereby safeguarding the interests of key industrial sectors such as electronics, automotive components, and specialised chemical manufacturing. This calibrated policy aims to strike a balance between trade facilitation and regulatory oversight.

    In a related move, DGFT has also issued another notification restricting the import of colloidal metals and certain compounds under CTH 2843. The restriction is intended to curb the misuse of chemical imports for bringing gold into the country in disguised forms.
    To support genuine industrial needs, imports under CTH 2843 will be permitted against an import authorisation, specifically for sectors such as electronics, electrical, and chemical manufacturing.

    Detailed notifications are available on the DGFT website at https://dgft.gov.in.

  • MIL-OSI Russia: Blind children from the Perfume Academy and participants of the Moscow Longevity project created the scents of childhood

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The Perfume Academy for Blind Children, opened last year on the premises Center for Social Integration Diana Gurtskaya, continues to attract new participants. Recently, a well-known cosmetics company became its partner – children, under the guidance of experienced mentors, create thematic perfume selections. Now, participants of the Moscow Longevity project have come to the blind children and, together with young perfumers, have created a line of fragrances called Childhood.

    “The Perfume Academy has gone beyond a simple project. Today, it is a full-fledged platform where, together with city partners, we organize professional master classes for visually impaired children. Participants of the Moscow Longevity project have joined the new master class, which we called “Scents of Childhood.” Scents are real conductors of memories, emotions, and associations. For young participants in the project, master classes open up a completely new way of understanding the world around us, help develop imagination and sensory perception. The older generation gets the opportunity to share their stories and memories, and once again experience the joy of their first discoveries and bright moments of childhood. Working with scents is becoming a unique tool for socialization, communication, exchange of experience, and positive emotions,” said Anton Lebedev, director of the Diana Gurtskaya Social Integration Center.

    The smell of bread, grass and asphalt

    The participants were divided into groups: at each table were placed blind children and mentors of the older generation, who helped the children navigate the numerous jars of fragrances and keep records of the future composition. The perfume expert told about how to correctly compose aromatic combinations, what are the associations of color and aroma, and also explained the meaning of top and base notes.

    Before the start of the creative process, the participants of the master class familiarized themselves with the provided fragrances, shared their thoughts about what childhood is associated with, and began to create unique perfume compositions that formed the basis of the future “Childhood” collection.

    Participants of Moscow Longevity told young Muscovites about their childhood, which they associate with the smells of freshly baked bread, grass mown at dawn, and hot asphalt. For Lyudmila Khan from the Moscow Longevity Center Nekrasovka, the smell of childhood is her mother’s pies.

    “For me, this master class is not just about creating perfume, but about meeting with warmth and memory. When I worked with blind children, we remembered the most precious smells together. And my favorite is my mother’s pies: cinnamon, vanilla, warm dough. This is the aroma of childhood, which always warms the soul. I was amazed at how children subtly sense aromas and create different combinations of notes. Each of us has different associations with childhood – the smell after rain, the smell of lilacs, apples or even frosty freshness, but we are united by a common feeling of lightness and simple joy, despite age or health issues,” shared Lyudmila Khan.

    The young perfumers said that their favorite scents are the smell of amusement park popcorn, sweet vanilla buns and delicious chocolate cake. As a result, each participant created a unique scent that reflects the idea of childhood with its carefree, warm memories, family evenings and bouquets of wild flowers.

    The master class was held in a warm atmosphere – with stories from life, laughter and smiles. Each participant was able to take home not only positive emotions and impressions, but also the fragrance they created.

    As noted Anastasia Rakova, Deputy Mayor of Moscow for Social Development, as part of the advanced course at the Perfumery Academy, children become familiar with production, the professions of an evaluator, technologist, perfume stylist, and, under the guidance of experienced mentors, create unique aromatic compositions.

    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/155528073/

    MIL OSI Russia News –

  • MIL-OSI Europe: Commission restricts Chinese participation in medical devices procurement

    Source: European Commission – Justice

    European Commission Press release Brussels, 20 Jun 2025 The European Commission decided to exclude Chinese companies from EU government purchases of medical devices exceeding €5 million. This measure follows the conclusions of the first investigation under the International Procurement Instrument (IPI), and allows no more than 50% of inputs from China for successful bids.

    MIL OSI Europe News –

  • MIL-OSI Europe: Commission restricts Chinese participation in medical devices procurement

    Source: European Commission – Justice

    European Commission Press release Brussels, 20 Jun 2025 The European Commission decided to exclude Chinese companies from EU government purchases of medical devices exceeding €5 million. This measure follows the conclusions of the first investigation under the International Procurement Instrument (IPI), and allows no more than 50% of inputs from China for successful bids.

    MIL OSI Europe News –

  • Indian stock market opens higher amid positive Asian cues

    Source: Government of India

    Source: Government of India (4)

    Indian equity markets opened on a positive note on Friday, supported by firm cues from Asian peers. Gains in PSU bank, IT, and auto stocks contributed to the early momentum.

    At 9:25 a.m., the BSE Sensex was up 228.15 points, or 0.28%, at 81,590.02. The NSE Nifty also advanced, rising 55.10 points, or 0.22%, to 24,848.35.

    In sectoral indices, the Nifty Bank rose by 102.35 points (0.18%) to trade at 55,679.80. However, broader markets showed mixed trends. The Nifty Midcap 100 declined marginally by 16.85 points (0.03%) to 57,143.10, while the Nifty Smallcap 100 slipped 62.50 points (0.35%) to 17,950.60.

    Analysts noted that the Nifty has been consolidating within a range of 24,500 to 25,000 over the past month. This trend, they said, is likely to persist unless there is a decisive geopolitical development.

    “There is uncertainty surrounding the Israel-Iran conflict. A resolution or sudden end to the war could trigger a breakout on the upside. However, if the war drags on and crude prices rise above $85 per barrel, we may see pressure on the lower end of the range,” said Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    Among the top gainers on the Sensex were Bajaj Finserv, UltraTech Cement, Mahindra & Mahindra, SBI, Axis Bank, and Sun Pharma. On the other hand, IndusInd Bank, Bajaj Finance, Tech Mahindra, Kotak Mahindra Bank, and Power Grid Corporation were among the major laggards.

    Foreign institutional investors (FIIs) continued their buying streak for the third consecutive session on June 19, with net purchases worth ₹934.62 crore. Domestic institutional investors (DIIs) also remained net buyers, purchasing equities worth ₹605.97 crore on the same day.

    Across Asia, markets in Bangkok, Tokyo, Seoul, Hong Kong, and Shanghai were trading in the green. Jakarta was the only major market in the region trading in the red.

    Meanwhile, US markets remained closed on Thursday in observance of Juneteenth National Independence Day. In the previous session on Wednesday, the Dow Jones Industrial Average declined by 44.14 points (0.10%) to close at 42,171.66. The S&P 500 ended 1.85 points lower (0.03%) at 5,980.87, while the Nasdaq gained 25.18 points (0.13%) to settle at 19,546.27.

  • MIL-OSI Russia: Over the past 11 years, 5,000 China-Europe/Central Asia freight trains have passed through Anhui Province

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, June 20 (Xinhua) — A freight train loaded with 100 TEUs (20-foot equivalent units) departed from Hefei in east China’s Anhui Province for Tashkent on Thursday morning, bringing the total number of China-Europe/Central Asia trains that have passed through the province in the past 11 years to 5,000, Dawan Xinwen Port News reported.

    The aforementioned train will cross the Chinese state border at the Khorgos checkpoint, which is on the border with Kazakhstan, and will deliver consumer electronics, auto parts and tires worth a total of $2 million to Central Asia.

    International railway transportation on China-Central Asia routes has been carried out in Hefei since 2014. Currently, China-Europe/Central Asia routes connect the administrative center of Anhui Province with 170 railway stations in 20 countries.

    According to statistics, 5,190 standard containers of cargo have been shipped from Hefei to Central Asia by rail since the beginning of this year. The increase in the indicator compared to the same period last year was 24.88 percent.

    The development of rail links between China and Europe/Central Asia is stimulating growth in exports of locally produced goods. To date, more than 1,500 freight trains have been sent from Hefei specifically to transport products from leading local companies, including automakers Chery, Jianghuai and consumer electronics maker Changhong Meiling. -0-

    MIL OSI Russia News –

  • MIL-OSI Australia: Speech – Heads of Prosecuting Authorities of Commonwealth Countries Conference

    Source: Australian Ministers for Education

    South Australian café owner sentenced to 6 years’ imprisonment for GST fraud
    Ben.PetersJones

    South Australia

    Between March 2014 and January 2016, Shaun Both (the offender) was a sole trader of Metro Express Café at Mawson Lakes in South Australia. In that time, he lodged 9 quarterly Business Activity Statements (BAS) with the ATO. As a result of false statements in the BAS, in circumstances where the café had ceased trading, the offender dishonestly obtained $1,001,004 in Goods and Services Tax (GST). In January 2016, the offender used some of the last GST refund to purchase a $530,000 residential property outright. 

    Following an investigation by the ATO, the offender was charged with the following offences:

    • nine counts of obtain financial advantage by deception, contrary to section 134.2(1) of the Criminal Code (Counts 1-9); and
    • one count of knowingly dealing with money that is proceeds of crime ($100,000 or more), contrary to section 400.4(1) of the Criminal Code (Count 10).

    He first appeared in the Magistrates Court of South Australia in 2019 but then absconded to Western Australia after failing to appear in court in April 2020 when he was subject to home detention bail. In December 2023, the offender was arrested on the outstanding warrant in remote Western Australia and extradited back to South Australia where he was remanded in custody. The offender pleaded guilty to all counts at a committal hearing.

    Sentencing

    On 5 August 2024, the offender was sentenced by his Honour Judge Muscat in the District Court of South Australia to a total effective sentence of six years and six months’ imprisonment, with a non-parole period of three years and eight months.

    In sentencing the offender, his Honour Judge Muscat noted:

    • The BAS lodgments “represented a sustained course of conduct which escalated in terms of the amounts dishonestly obtained over an almost two-year period”.
    • Although the offender suffered from poor mental health, alcohol abuse and gambling habits and they were relevant to the background of his offending, they did not significantly reduce his moral capability or the need for personal and general deterrence.
    • The offender had a prior history of dishonesty offending. He had previously received the benefit of suspended sentences and court-ordered medical treatment for his alcohol and mental health issues.
    • It was clear that the offender “wanted to live a certain lifestyle and he certainly did that”. The offender gambled extensively, spent money at shopping centres and online, and “on things he did not really need other than to live the life he wanted”.
    • The loss to the Commonwealth was significant, with only about $350,000 recovered by the ATO by way of garnishee and bankruptcy proceedings, with no realistic prospect of recovering further amounts.

    His Honour gave the offence a 20 per cent discount for his guilty pleas. He noted that the case against the offender was “overwhelming” but he did save the time and expense of a trial.

    His Honour directed (and the CDPP conceded it was appropriate) that the sentence for Count 10 be served concurrently on the sentence imposed for Counts 1-9 as the offence concerned expenditure of the final BAS refund.

    Relevant links

    ATO media release published 6 August 2024 Café owner’s bold brew in $1 million GST fraud

    MIL OSI News –

  • MIL-OSI: Changes in the Supervisory Board of LHV Varahaldus, LHV Kindlustus, and LHV Finance

    Source: GlobeNewswire (MIL-OSI)

    The shareholders of AS LHV Varahaldus, AS LHV Kindlustus, and AS LHV Finance, belonging to the consolidation group of AS LHV Group, intend to elect, starting from 22 July 2025, Mihkel Torim as a new Member of the Supervisory Board, who will also assume the position of the Chairman of the Management Board of AS LHV Group on the same date. The Member of the Supervisory Board is elected for up to five years. The decision on the compliance of the new Member of the Supervisory Board with the suitability requirements will also be made by the Financial Supervision Authority.

    Mihkel Torim joined LHV at the beginning of 2023, when he assumed responsibility for managing and developing the investment banking operations of LHV Pank. Prior to that, he held senior positions at Swedbank, including the Head of Baltic Investment Banking, and also led the corresponding unit in Finland.

    Mihkel Torim is a Member of the Management Board of Fortima OÜ. Although Mihkel Torim does not currently hold any shares in LHV Group, he has the opportunity to acquire a total of 199,575 LHV Group shares in 2024 and 2025 through options granted to him.

    With the resignation of Madis Toomsalu from his position as Chairman of the Management Board of LHV Group, effective 22 July 2025, his mandates as a Member of the Supervisory Board of AS LHV Kindlustus, AS LHV Varahaldus, and AS LHV Finance will also terminate as of that date.

    LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,150 people. As at the end of May, LHV’s banking services are being used by 471,000 clients, the pension funds managed by LHV have 111,000 active clients, and LHV Kindlustus protects a total of 176,000 clients. LHV Bank offers retail banking services to private clients in the United Kingdom, loans to small and medium-sized enterprises, and banking services to international fintech companies.

    Paul Pihlak
    Head of Investment Communications
    Phone: +372 5334 0078
    Email: paul.pihlak@lhv.ee 

    The MIL Network –

  • MIL-OSI: Changes in the Supervisory Board of LHV Varahaldus, LHV Kindlustus, and LHV Finance

    Source: GlobeNewswire (MIL-OSI)

    The shareholders of AS LHV Varahaldus, AS LHV Kindlustus, and AS LHV Finance, belonging to the consolidation group of AS LHV Group, intend to elect, starting from 22 July 2025, Mihkel Torim as a new Member of the Supervisory Board, who will also assume the position of the Chairman of the Management Board of AS LHV Group on the same date. The Member of the Supervisory Board is elected for up to five years. The decision on the compliance of the new Member of the Supervisory Board with the suitability requirements will also be made by the Financial Supervision Authority.

    Mihkel Torim joined LHV at the beginning of 2023, when he assumed responsibility for managing and developing the investment banking operations of LHV Pank. Prior to that, he held senior positions at Swedbank, including the Head of Baltic Investment Banking, and also led the corresponding unit in Finland.

    Mihkel Torim is a Member of the Management Board of Fortima OÜ. Although Mihkel Torim does not currently hold any shares in LHV Group, he has the opportunity to acquire a total of 199,575 LHV Group shares in 2024 and 2025 through options granted to him.

    With the resignation of Madis Toomsalu from his position as Chairman of the Management Board of LHV Group, effective 22 July 2025, his mandates as a Member of the Supervisory Board of AS LHV Kindlustus, AS LHV Varahaldus, and AS LHV Finance will also terminate as of that date.

    LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,150 people. As at the end of May, LHV’s banking services are being used by 471,000 clients, the pension funds managed by LHV have 111,000 active clients, and LHV Kindlustus protects a total of 176,000 clients. LHV Bank offers retail banking services to private clients in the United Kingdom, loans to small and medium-sized enterprises, and banking services to international fintech companies.

    Paul Pihlak
    Head of Investment Communications
    Phone: +372 5334 0078
    Email: paul.pihlak@lhv.ee 

    The MIL Network –

  • MIL-Evening Report: 15 months after ‘flour massacre’ shock, Israel commits daily Gaza food aid killings

    BEARING WITNESS: By Cole Martin in occupied Bethlehem

    Kia ora koutou, 

    I’m a Kiwi journo in occupied Bethlehem, here’s a brief summary of today’s events across the Palestinian and Israeli territories from on the ground.

    At least 16 killed by Israeli airstrike on al-Shati refugee camp in northern Gaza. 92 killed across Gaza in total, a significant number while seeking aid. 15 months after the shocking “flour massacre”, Israeli forces are now committing daily massacres against Gazan residents desperately seeking food due to Israel’s policy of forced starvation. These ongoing war crimes have been met with indifference, justification, and ongoing impunity from global leaders.

    *

    Jerusalem’s Old City markets remain closed for the seventh consecutive day after restrictions were imposed under the pretext of “wartime emergency”. Meanwhile, across the besieged West Bank the occupation forces continue demolishing homes in Tulkarm and Jenin refugee camps, where more than 40,000 residents have been displaced by Israel’s months-long “military operation”.

    Israeli soldiers occupying houses south of Jenin as military barracks, embedding themselves among Palestinian civilians as they have for several days in Al Khalil/Hebron.

    Around two-dozen young men detained in Asakra village south-east of Bethlehem, and several more in Laban village, south of Nablus. A young man, Moataz, 22, was executed by Israeli forces in his home village of Wolja west of Bethlehem. Movement of ambulances has been affected by gasoline shortages in Bethlehem. Forces invaded Plata camp in East Nablus for the second day in a row.

    *

    Israel bombed the outskirts of Shabaa town, in southern Lebanon, yet another violation of ceasefire agreements.

    *

    An Iranian missile hit Beersheba’s Soroka hospital in southern Israel last night, with no resulting casualties — Iran claiming it targeted a nearby military site. Outrage at the war crime has highlighted widespread double-standards across Israeli society and globally. Israeli forces have destroyed, bombed, or damaged 38 hospitals in Gaza over their 20-month genocidal war on the enclave, with the World Health Organisation recording around 700 attacks on Gazan healthcare facilities in that same period. Israeli residents have erected tents, transforming an underground parking lot into a bomb shelter.

    *

    Several more retaliatory volleys of Iranian missiles targeted the Israeli territories throughout the day, as heavy Israeli assaults continued on Iranian territories. Israel’s reported death toll has risen to 24, with Iran’s rising to 639.

    Cole Martin is an independent New Zealand photojournalist based in the Middle East and a contributor to Asia Pacific Report.

    MIL OSI Analysis – EveningReport.nz –

  • SpaceX Starship rocket explodes in setback to Musk’s Mars mission

    Source: Government of India

    Source: Government of India (4)

    SpaceX’s massive Starship spacecraft exploded into a dramatic fireball during testing in Texas late on Wednesday, the latest in a series of setbacks for billionaire Elon Musk’s Mars rocket program.

    The explosion occurred around 11 p.m. local time while Starship was on a test stand at its Brownsville, Texas Starbase while preparing for the tenth test flight, SpaceX said in a post on Musk’s social-media platform X.

    The company attributed it to a “major anomaly” and said all personnel were safe. Its engineering teams were investigating the incident, and it was coordinating with local, state and federal agencies regarding environmental and safety impacts, the company said.

    “Preliminary data suggests that a nitrogen COPV in the payload bay failed below its proof pressure,” Musk said in a post on X, in a reference to a nitrogen gas storage unit known as a Composite Overwrapped Pressure Vessel. “If further investigation confirms that this is what happened, it is the first time ever for this design,” he continued.

    The Starship rocket appeared to experience at least two explosions in quick succession, lighting up the night sky and sending debris flying, according to video capturing the moment it exploded.

    The 400-foot (122-meter) tall Starship rocket system is at the core of Musk’s goal of sending humans to Mars. But it has been beset by a string of failures this year.

    In late May, SpaceX’s Starship rocket spun out of control about halfway through a flight without achieving some of its most important testing goals. The Starship lifted off from SpaceX’s Starbase, Texas, launch site, flying beyond the point of two previous explosive attempts earlier this year that sent debris streaking over Caribbean islands and forced dozens of airliners to divert course.

    Two months earlier, the spacecraft exploded in space minutes after lifting off from Texas, prompting the U.S. Federal Aviation Administration (FAA) to halt air traffic in parts of Florida.

    Videos on social media showed fiery debris streaking through the dusk skies near South Florida and the Bahamas after Starship broke up in space shortly after it began to spin uncontrollably with its engines cut off, a SpaceX live stream of the mission showed. Musk called that explosion “a minor setback.”

    The FAA said earlier this month that it had closed an agency-required investigation into the mishap, citing the probable cause as a hardware failure in one of the engines. SpaceX identified eight corrective actions to prevent a recurrence and the FAA said it verified SpaceX implemented those prior to the late May Starship mission.

    In January, a Starship rocket broke up in space minutes after launching from Texas, raining debris over Caribbean islands and causing minor damage to a car in the Turks and Caicos Islands.

    (Reuters)

  • Prime Minister to inaugurate railway, power, and housing projects in Siwan, Bihar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will embark on a two-day visit to Bihar, Odisha, and Andhra Pradesh, beginning his tour with a public programme in Bihar’s Siwan district, on Friday. At around noon, PM is scheduled to lay the foundation stone and inaugurate a series of development projects, addressing the gathering on the occasion.

    In Siwan, the Prime Minister will inaugurate the Vaishali–Deoria railway line, a project worth over ₹400 crore, and will flag off a new train service along this route. Additionally, in a move to strengthen regional connectivity, he will flag off a Vande Bharat Express between Patliputra and Gorakhpur via Muzaffarpur and Bettiah—an important link for North Bihar.

    In line with India’s “Make in India – Make for the World” campaign, PM Modi will flag off the first export locomotive manufactured at the Marhowra Plant. The locomotive, which will be shipped to the Republic of Guinea, is equipped with high-horsepower engines, advanced AC propulsion systems, and regenerative braking technologies.

    In alignment with efforts to clean and rejuvenate the Ganga, the Prime Minister will also inaugurate six sewage treatment plants under the Namami Gange programme. These plants, developed at a cost of over ₹1,800 crore, are intended to meet the sanitation needs of towns situated along the river and improve the overall water quality.

    Additionally, PM Modi will lay the foundation stone for a series of water supply and sanitation projects worth over ₹3,000 crore. These initiatives span several towns in Bihar and aim to ensure the delivery of clean and safe drinking water to local populations.

    Addressing the power sector, the Prime Minister will initiate the installation of a 500 MWh Battery Energy Storage System (BESS) across 15 grid substations in Bihar, including those in Muzaffarpur, Motihari, Bettiah, and Siwan. With capacities ranging from 20 to 80 MWh per substation, the BESS facilities are expected to help electricity distribution companies manage demand more efficiently by feeding stored electricity into the grid during peak hours.

    In the housing sector, PM Modi will release the first instalment under the Pradhan Mantri Awas Yojana (Urban) to more than 53,600 beneficiaries in Bihar. To mark the occasion, he will also hand over keys to a few recipients as part of a Grih Pravesh ceremony for over 6,600 newly constructed houses under the scheme.

    Following his engagements in Siwan, PM Modi will travel to Odisha and Andhra Pradesh to continue his official tour on June 21.

     

  • MIL-OSI Banking: Result of Underwriting Auction conducted on June 20, 2025

    Source: Reserve Bank of India

    In the underwriting auction conducted on June 20, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

    Nomenclature of the Security Notified Amount
    (₹ crore)    		 Minimum Underwriting Commitment (MUC) Amount
    (₹ crore)    		 Additional Competitive Underwriting Amount Accepted
    (₹ crore)    		 Total Amount underwritten
    (₹ crore)    		 ACU Commission Cut-off rate
    (Paise per ₹100)
    6.75% GS 2029 15,000 7,518 7,482 15,000 0.58
    7.09% GS 2054 12,000 6,006 5,994 12,000 0.94
    Auction for the sale of securities will be held on June 20, 2025.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/567

    MIL OSI Global Banks –

  • MIL-OSI Banking: Result of Underwriting Auction conducted on June 20, 2025

    Source: Reserve Bank of India

    In the underwriting auction conducted on June 20, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

    Nomenclature of the Security Notified Amount
    (₹ crore)    		 Minimum Underwriting Commitment (MUC) Amount
    (₹ crore)    		 Additional Competitive Underwriting Amount Accepted
    (₹ crore)    		 Total Amount underwritten
    (₹ crore)    		 ACU Commission Cut-off rate
    (Paise per ₹100)
    6.75% GS 2029 15,000 7,518 7,482 15,000 0.58
    7.09% GS 2054 12,000 6,006 5,994 12,000 0.94
    Auction for the sale of securities will be held on June 20, 2025.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/567

    MIL OSI Global Banks –

  • PM Modi to visit Bihar, Odisha, Andhra Pradesh for key development initiatives and Yoga Day celebrations

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will embark on a two-day visit to Bihar, Odisha, and Andhra Pradesh starting Friday.

    During his visit to Bihar and Odisha on Friday, the Prime Minister will inaugurate a series of major development projects aimed at boosting infrastructure and regional growth.

    On Saturday, he will travel to Visakhapatnam, Andhra Pradesh, where he will lead the International Yoga Day – Mass Yoga Demonstration.

    Sharing details of his upcoming engagements, PM Modi said on X: “Over the next two days, I will be attending programmes in Bihar, Odisha, and Andhra Pradesh. These programmes cover a wide range of sectors.”

    Bihar: Infrastructure, Connectivity, and Clean Energy Push

    In Bihar, the Prime Minister will inaugurate the new Vaishali–Deoria railway line project worth over ₹400 crore and flag off a new train service on this route. In a significant boost to regional connectivity, he will also flag off the Vande Bharat Express between Patliputra and Gorakhpur via Muzaffarpur and Bettiah.

    Taking forward the ‘Make in India – Make for the World’ vision, PM Modi will flag off a state-of-the-art locomotive built at the Marhowra Plant for export to the Republic of Guinea. This marks the first export locomotive from this factory, equipped with high-horsepower engines, advanced AC propulsion systems, microprocessor-based control systems, ergonomic cab designs, and regenerative braking technology.

    Reinforcing his commitment to the conservation and rejuvenation of the Ganga, the Prime Minister will inaugurate six Sewage Treatment Plants (STPs) under the Namami Gange project, worth over ₹1,800 crore, aimed at serving the sanitation needs of the region.

    He will also lay the foundation stone for water supply, sanitation, and STP projects across various towns in Bihar, worth over ₹3,000 crore, to provide clean and safe drinking water to residents.

    In a major initiative to modernize power infrastructure, the Prime Minister will lay the foundation stone for a 500 MWh Battery Energy Storage System (BESS) in Bihar. These standalone BESS units will be installed at 15 grid substations across locations like Muzaffarpur, Motihari, Bettiah, and Siwan, with each unit having a capacity of 20 to 80 MWh. This initiative will help reduce electricity costs for distribution companies and benefit consumers by supplying stored energy back to the grid during peak demand.

    As part of the Pradhan Mantri Awas Yojana–Urban (PMAY-U), PM Modi will release the first instalment to over 53,600 beneficiaries in Bihar. He will also hand over keys to selected beneficiaries, symbolizing the Grih Pravesh (housewarming) ceremony for more than 6,600 completed homes under the scheme.

    Odisha: Development Projects and Cultural Heritage

    From Bihar, the Prime Minister will proceed to Bhubaneswar, Odisha, to mark one year of the current state government. He will inaugurate and lay the foundation stone for projects worth over ₹18,600 crore, spanning sectors such as drinking water, irrigation, agriculture infrastructure, healthcare, rural roads and bridges, national highways, and railway expansion.

    In a significant move, he will flag off new train services extending rail connectivity to Boudh district for the first time—marking its integration into the national railway network.

    In line with the government’s clean energy and urban mobility goals, PM Modi will also flag off 100 electric buses under the Capital Region Urban Transport (CRUT) system, promoting sustainable and eco-friendly urban transport.

    The Prime Minister will unveil the Odisha Vision Document, which outlines a forward-looking development roadmap leading up to 2036—when Odisha celebrates 100 years as India’s first linguistic state—and 2047, marking 100 years of India’s independence.

    To honour the legacies of eminent Odias, PM Modi will launch the ‘Baraputra Aitihya Gram Yojana’, an initiative to transform the birthplaces of prominent personalities into cultural heritage sites with museums, statues, interpretation centres, libraries, and public spaces. This effort aims to promote cultural tourism while preserving Odisha’s rich heritage.

    Celebrating women’s empowerment, PM Modi will felicitate women achievers under the Lakhpati Didi initiative, which has enabled more than 16.5 lakh women in Odisha to achieve financial self-reliance and prosperity.
    Andhra Pradesh: International Yoga Day Celebration

    On June 21, the Prime Minister will lead the International Yoga Day celebrations from the beachfront of Visakhapatnam, Andhra Pradesh, joining nearly five lakh participants in the Common Yoga Protocol (CYP) session.

    Simultaneously, Yoga Sangam events will be held at more than 3.5 lakh locations across India. This year’s special initiatives include contests such as Yoga with Family and youth-centric programmes under Yoga Unplugged, launched through platforms like MyGov and MyBharat to encourage mass participation.

    The theme for this year’s International Day of Yoga is “Yoga for One Earth, One Health”, reflecting the interconnectedness of human well-being and planetary health. It aligns with India’s ancient philosophy of “Sarve Santu Niramaya” (May all be free from disease).

    Since 2015, when the United Nations General Assembly adopted India’s proposal to observe June 21 as International Day of Yoga, PM Modi has led the celebrations from iconic locations including New Delhi, Chandigarh, Lucknow, Mysuru, New York (UN Headquarters), and Srinagar.

    (With inputs from IANS)

  • MIL-OSI Russia: Important skills and career choice: how Moscow NGOs help teenagers find themselves

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Join an IT team, learn to draw in a graphics editor, adapt to a new place and make friends, and also try volunteering – the capital’s non-profit organizations (NPOs) help young city residents decide on their future profession and find their place in life. Such projects regularly receive support from the capital at annual Moscow Mayor’s Grant Competitions for socially oriented non-profit organizations. Applications are now being accepted and will continue until July 3.

    The authors of children’s and youth non-profit projects told mos.ru what distinguishes modern teenagers, how they are helped to decide on a profession and acquire in-demand skills.

    Computer technology and volunteering

    The Baytik Foundation for New Technologies in Education was created in Troitsk more than 30 years ago, and all these years it has been introducing children and adults to IT. For four years in a row, the organization has won grants from the Mayor of Moscow to implement its projects for young Muscovites. Thus, in 2025, the city supported the Youth IT Squad initiative, designed for schoolchildren aged 12–15.

    Today, 37 children participate in the IT squad. We posted information about the recruitment on the foundation’s pages in social networks, and anyone who wanted to could sign up for training. The children come to classes once a week. The program includes theory, practice, and the development of soft skills – this is the ability to work in a team, communication skills, time management. I would like to note that modern teenagers are very kind. They want to help, be useful and needed. It is important for them not only to learn to draw in a graphic editor or model, but also to share new knowledge Daria Kalabukhova, executive director of the Baytik Foundation for New Technologies in Education, head of the Youth IT Squad project

    After studying graphic editors, the teenagers created postcard layouts, printed them on printing equipment and donated the print run to the Troitsk veterans council. After mastering the basics of video editing, the children made videos for the 80th anniversary of the Victory, in which they used archival photos and footage. They were then broadcast at holiday concerts. In the summer, the children will study 3D modeling, develop devices to improve the comfort of those who move in a wheelchair, such as cup holders and phone stands. The products will be printed on 3D printers and sent to hospitals where special military operation soldiers are being treated.

    The “Youth IT Squad” also volunteers. As part of the excursion program, the children have already visited the Patriot Park and the Victory Park on Poklonnaya Hill.

    Contribution to the present and the future: how NGO programs help childrenSports and patriotic tent camps opened for the first time for the capital’s schoolchildrenFive new NGOs have joined the charity service on mos.ru since the beginning of 2025

    From preparing for exams to finding friends

    Special attention is required for teenagers whose families have moved from new regions of Russia. They need to adapt and find friends, catch up on schoolwork and prepare for exams, and think about their future profession. Since 2022, the Refugees Moscow and Moscow Region aid headquarters has been providing such families with the necessary material, psychological, and legal support. And in 2024, the To the Stars! project was launched, which helps teenagers aged 14–18 integrate into a new environment.

    We decided to make the project integrative and educational. Visiting museums and theaters, getting to know cultural and historical values, communicating with people of different professions, volunteering – all this can enrich the children. Our wards visited the exhibition-forum “Russia”, VDNKh sites, the festival “Sofia-Rus. Dialogue of Cultures”, the exhibition “Birth of Scale”, attended a course in public speaking at Arina Sharapova’s school, in the building of the State Duma, the Russian National Research Medical University named after N.I. Pirogov Maria Makeeva Head of the project “To the Stars!” in 2024-2025

    There are currently over 50 refugee teenagers in the group, who regularly (two to four times a month) attend various events. Each of them can choose the areas they need — online classes with tutors to prepare for exams, volunteering, excursions to exhibitions, factories, and universities. In addition, the children have face-to-face meetings twice a month on weekends. There, they can learn about methods of psychological relief and self-help, discuss important issues of growing up, communicate with peers, and meet professionals from various fields.

    How Moscow coworking centers help NGOs in holding charity eventsHow Moscow Colleges Train In-Demand Welding SpecialistsSergei Sobyanin: More than 30 thousand NGOs are registered in Moscow

    Close the gaps in school knowledge

    Another significant project, “From motivation to employment,” is being implemented by the charitable foundation “Simple Things”He helps the children of the Family Education Assistance Center. “Kakhovsky daisies» from 14 to 18 years old who have difficulties with studying school subjects. It is based on the foundation’s long-term work to support children without parental care. Last year, the initiative received a grant from the Mayor of Moscow.

    Together with the center’s specialists, we help teenagers decide on their future profession in accordance with their interests and capabilities. To enter college in the chosen field, you need to get a certificate with good grades, because the results of the competition are summed up based on the average score. To do this, you need to pass the OGE, and our task is to help the child prepare for the exams. Classes with tutors are held in conjunction with trainings conducted by psychologists and career guidance specialists. It should be noted that many teenagers are interested in this, they receive tangible benefits. For example, at a meeting with a coach, there were twice as many participants as we expected Zoya Glukhova Director of the charity fund “Simple Things”, head of the project “From motivation to employment”

    From January to May, 30 teenagers took part in the project. Many of them are ninth-grade graduates who have already decided which colleges they will apply to.

    In September, the project will continue its work and another 15 people will be able to attend the meetings. Not only classes and trainings, but also excursions are planned for them – an introduction to different professions, for example, an office manager and a barista. Owners of companies who built their business from scratch and achieved great success will also talk about their personal experience.

    There are spaces for NGOs in every district of Moscow — Sergei Sobyanin“Active Citizens” to Choose Graffiti as a Symbol of Moscow YouthFrom master classes to meetings with employers: capital colleges invite you to open days

    The route to the sport is built

    The project “Sports Navigator” of the scientific and consulting center “Sports Perspective” is designed for older participants, students of colleges and universities. It received grant support last year.

    The project has several objectives: to introduce students of sports colleges and universities to career prospects, to popularize physical education among all young people, and to develop digital tools with which everyone could find a suitable option for events.

    An important part of the project is business games dedicated to sports professions. We invited teams of students and teachers from sports, pedagogical and economic colleges and universities. We offered them to discuss one of the current issues of modern sports and develop a project. For example, at one of the games, the participants thought over the work of a professional phygital club, it was necessary to ensure its payback and high results. In addition, we held meetings with students in universities and colleges, with children in sports schools and discussed with them the possibilities of using digital solutions in sports Dmitry Chernonog, head of the Sports Perspective Center

    Each participant in the games received an invitation to connect to the Sports Navigator chatbot developed within the project. Here, you need to indicate your height, weight, field of study, interests, and training frequency. Based on the answers, the chatbot gives recommendations on the possibility of professional realization in sports and options for comfortable physical activity. In addition, the system can recommend a suitable profession in this field – from a fitness instructor to a sports journalist. The developers plan to set up analysis of the results using neural networks, make recommendations more accurate, and also open access to the chatbot to everyone.

    In April, the center held the festival “Sport and Profession 2.0” at the Russian University of Sports “GCOLIFK”. It was attended by more than 180 students of sports schools, students of physical education colleges and universities, as well as parents and teachers. They got acquainted with innovative sports, including drone racing and sports programming, and discussed what qualities a professional in this field should have and how to start a career in it.

    No One Forgotten: How Moscow Schoolchildren Help Preserve Monuments to Participants of the Great Patriotic WarSharing knowledge and skills: how capital organizations and volunteers help childrenMoscow Mayor Tells How the City Supports Good Deeds of Moscow NGOs

    Quickly find out the main news of the capital inofficial 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/155529073/

    MIL OSI Russia News –

  • MIL-OSI Russia: “Mosvolonter” accepts applications for the award of the “Volunteer of Russia” badge

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Residents of the capital can apply for the award of a badge “Volunteer of Russia”. It is awarded to volunteers who have provided assistance for more than 500 hours or performed a heroic act, as well as donors of blood, plasma, and bone marrow. The resource center accepts documents from capital organizations. “Mosvolonter”.

    You can submit your application until July 3.

    Ideas aboutrewarding volunteers Can be submitted by legal entities: government bodies, non-profit organizations, universities, schools, secondary specialized educational institutions, business companies and others. There are no restrictions on the number of candidates submitted by one organization.

    “Volunteers take part in a large number of events, put their soul into every good deed. They are involved in social projects and donor campaigns, help city residents and perform heroic deeds. The “Volunteer of Russia” badge is a well-deserved and memorable award, an example for beginning volunteers and an incentive not to stop there,” said Alexander Levit, director of the Mosvolonter resource center.

    When submitting an application for the “Volunteer of Russia” badge, you must provide personal information, length of volunteer and work experience, information about volunteer incentives, as well as other awards and victories in all-Russian, regional and municipal competitions. The documents must be accompanied by supporting certificates, copies of the necessary documents and consent to the processing of personal data.

    Candidates for receiving the badge may be volunteers who have at least 500 verified hours of volunteer activity over the past three years. The documents must be accompanied by an extract from the volunteer’s personal electronic book on the online platform “Dobro.rf” certified by the MFC. It can be obtained on the public services portal.

    Muscovites who have performed a heroic act during volunteer activities may also be eligible for the award. Volunteers must submit, along with documents, the award decree, official publications in the media about the act, acts or characteristics from organizations, as well as eyewitness accounts. The heroic act – saving a life, preventing a major accident, disaster or emergency – must be recorded and recognized as significant.

    Donors of blood, plasma, and bone marrow with proven volunteer experience are eligible to apply for the award. They must attach to the set of documents a certificate of the number of donations of donor blood and its components over the past six years, as well as an extract from the volunteer’s personal electronic book certified by the MFC confirming at least 100 hours of assistance. Volunteers must confirm that they have made more than 20 donations of blood or its components or donated plasma more than 40 times. If they have made 10 or more blood donations, they must record donating plasma more than 20 times. If there were fewer than 10 blood donations, then they must confirm more than 40 plasma donations.

    For volunteers promoting bone marrow or stem cell donation, a certificate of the fact and date of the gratuitous donation of bone marrow or hematopoietic stem cells must be attached to the documents.

    A complete set of certified documents from organizations must be submitted to the Mosvolonter resource center at the following address: Leningradsky Prospekt, Building 5, Building 1. Reception hours are Monday through Thursday from 10:00 to 19:00, and on Friday from 10:00 to 17:45. At the same time, you can get advice on preparing documents by phone: 7 499 722-69-99. Volunteers can also familiarize themselves in advance with the full list of documents required for submission for the award of the Volunteer of Russia badge, bylink.

    After checking the documents “Mosvolonter” will send them for approval toCommittee for Public Relations and Youth Policy of the City of Moscow, and then submit it for consideration to the expert council of the Federal Agency for Youth Affairs.

    Organizing volunteer activities and engaging in city events are in line with the objectives of the national project “Youth and Children” and the federal project “We are together”.

    You can find out more about participating in events on the resource center website “Mosvolonter”, on his social network page “VKontakte” and in telegram channel.

    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/155536073/

    MIL OSI Russia News –

  • MIL-OSI Banking: International Day of Yoga celebrated at the ASEAN Headquarters/ASEAN Secretariat

    Source: ASEAN

    JAKARTA, 20 June 2025 – At the initiative of the Indian Mission to ASEAN, the International Day of Yoga was held at the ASEAN Headquarters/ASEAN Secretariat, and participated by ASEAN Secretariat staff and members of the diplomatic corps.
     
    Deputy Secretary-General of ASEAN for Community and Corporate Affairs, Nararya Sanggramawijaya Soeprapto, kicked off the occasion with his welcoming remarks, emphasising the significance of yoga for both individual and collective well-being. He underscored ASEAN’s commitment to promoting healthy lifestyles and cross-cultural understanding, as demonstrated by today’s celebration.
     
    Yoga, originating in ancient India, has transcended geographical boundaries and become a cherished practice worldwide, including in ASEAN Member States. Its holistic approach – combining physical postures, breathing exercises, and meditation, offers a multitude of benefits.  From improving flexibility and strength to reducing stress and enhancing mental clarity, yoga empowers individuals to achieve a harmonious balance between mind, body and spirit.
     
    ****

     
    Photo credit : Indian Mission to ASEAN
    The post International Day of Yoga celebrated at the ASEAN Headquarters/ASEAN Secretariat appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI Russia: China’s Foreign Ministry: Hong Kong’s attractiveness as an international financial center is constantly increasing

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, June 20 (Xinhua) — Hong Kong is becoming increasingly attractive as an international financial center, with a growing magnetic attraction for foreign enterprises and individuals to invest and do business, Chinese Foreign Ministry spokesman Guo Jiakun said at a regular press briefing on Thursday, commenting at the request of the media on Hong Kong’s rise in the World Competitiveness Index 2025 released by the International Institute for Management Development (IMD) in Lausanne, Switzerland.

    Hong Kong rose to third place in the annual ranking, returning to the top three for the first time since 2019.

    The IMD yearbook was a “recognition of Hong Kong’s unique position and advantages, as well as the prospects of the ‘one country, two systems’ concept,” Guo Jiakun said.

    Hong Kong continues to be one of the freest economies and one of the most competitive regions in the world, he noted, citing data according to which the financial holding Hong Kong Exchanges and Clearing Limited (HKEX) ranked first in the world in terms of funds raised in the first half of 2025 – US$14 billion. Hong Kong’s overseas tourist flow increased by 18 percent in the first 5 months of 2025 compared to the same period last year; several large international companies redomiciled to Hong Kong.

    All this is “a vote of confidence in Hong Kong from the international community,” said a spokesman for the Chinese Foreign Ministry.

    Pointing to the upcoming 5th anniversary of the National Security Law in Hong Kong, Guo Jiakun expressed confidence that with the institutional guarantee of “one country, two systems”, the unique advantage of supporting the motherland and having extensive connections with the world, as well as a more secure environment that supports high-quality development, Hong Kong will definitely have a brighter future.

    MIL OSI Russia News –

  • MIL-OSI Russia: D. Trump delays TikTok ban for third time

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    NEW YORK, June 19 (Xinhua) — U.S. President Donald Trump on Thursday signed an executive order allowing TikTok to continue operating in the country for another 90 days until Sept. 17, 2025, giving his administration more time to discuss a possible sale of the app.

    This is the third time the White House has extended the TikTok ban. He previously signed similar orders on January 20 and April 4, 2025.

    Since joining the 2024 presidential race, Trump has amassed more than 15 million followers on TikTok, which is popular with American youth. In January, the politician said he had “warm feelings” for the app.

    As local media note, a ban on TikTok in the US is becoming less and less likely in the foreseeable future: the president’s decrees to extend the app’s operation have never been challenged in court.

    During his first term, Trump signed an executive order that effectively sought to ban TikTok in the United States unless its owner, Chinese company ByteDance, sold its business in the country to an American counterparty. The order was challenged in court and never went into effect.

    In April 2024, then-US President Joseph Biden signed a law giving ByteDance 270 days to sell TikTok. The rationale was national security. Failure to comply would require app store operators like Apple and Google to remove TikTok from their platforms by January 19, 2025.

    According to a recent Pew Research Center poll, about a third of Americans support a TikTok ban, about a third oppose it, and the same number were undecided. In March 2023, half of respondents supported a ban on the app.

    TikTok currently has an audience of about 170 million users in the US. –0–

    MIL OSI Russia News –

  • MIL-OSI Economics: Money Market Operations as on June 19, 2025

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 5,99,265.81 5.18 3.50-6.55
         I. Call Money 14,174.25 5.26 4.70-5.35
         II. Triparty Repo 3,96,475.35 5.18 5.14-5.25
         III. Market Repo 1,86,372.11 5.16 3.50-6.24
         IV. Repo in Corporate Bond 2,244.10 5.47 5.38-6.55
    B. Term Segment      
         I. Notice Money** 60.04 5.21 5.00-5.30
         II. Term Money@@ 440.50 – 5.50-6.00
         III. Triparty Repo 1,275.00 5.24 5.15-5.29
         IV. Market Repo 750.00 5.40 5.40-5.40
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Thu, 19/06/2025 1 Fri, 20/06/2025 1,323.00 5.75
    4. SDFΔ# Thu, 19/06/2025 1 Fri, 20/06/2025 3,22,568.00 5.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -3,21,245.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       7,157.31  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     7,157.31  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -3,14,087.69  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on June 19, 2025 9,46,312.30  
         (ii) Average daily cash reserve requirement for the fortnight ending June 27, 2025 9,54,173.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ June 19, 2025 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on May 30, 2025 5,84,684.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/566

    MIL OSI Economics –

  • MIL-OSI NGOs: Global survey finds 8 out of 10 people support taxing oil and gas corporations to pay for climate damages

    Source: Oxfam –

    A majority of people believe governments must tax oil, gas and coal corporations for climate-related loss and damage, and that their government is not doing enough to counter the influence on politics of the super-rich and polluting industries. These are the key findings of a global survey, which reflects broad consensus across political affiliations, income levels and age groups.  

    Today’s study, which was jointly commissioned by Greenpeace International and Oxfam International, was launched at the Bonn UN climate meetings (SB62 16-26 June), where governments are discussing key climate policy priorities, including ways to mobilize at least US $ 1.3 trillion annually in climate finance for Global South countries by 2035. The poll was conducted across 13 countries, including most G7 countries. 

    The study, run by Dynata, comes with additional research by Oxfam showing that a polluter profits tax on 590 oil, gas and coal companies could raise up to US $400 billion in its first year. This is equivalent to the estimated annual costs of climate damage in the Global South. Loss and damage costs from climate change to the Global South are estimated to reach between $290bn to $580bn annually by 2030. 
     

    Key findings of the survey include: 

    • 81% of people surveyed support new taxes on the oil, coal and gas industry to pay for damages caused by fossil-fuel driven climate disasters like storms, floods, droughts and wildfires.
       
    • 86% of people in surveyed countries support channelling revenues from higher taxes on oil and gas corporations towards communities who are most impacted by the climate crisis. Climate change is disproportionately hitting people in Global South countries, who are historically least responsible for greenhouse gas emissions.
       
    • When asked who should be taxed to pay for helping survivors of fossil-fuel driven climate disasters, 66% of people across countries surveyed think it should be oil and gas companies compared to than 5% who support taxes on working people, 9% on goods people buy, and 20% in favour of business taxes.
       
    • 68% felt that the fossil fuel industry and the super-rich had a negative influence on politics in their country. 77% say they would be more willing to support a political candidate who prioritises taxing the super-rich and the fossil fuel industry. 
       

    Oxfam’s research finds that 585 of the world’s largest and most polluting fossil fuel companies made $583 billion in profits in 2024, a 68% increase since 2019. The annual emissions of 340 of these corporations (for whom data was available) accounted for over half of global greenhouse gas emissions caused by humans. Their emissions in just one year are enough to cause 2.7 million heat-related deaths over the next century. 

    A polluter profits tax on these companies would ensure that renewable energy is more profitable than fossil fuels, encouraging companies to invest in renewables, as well as avoid more deaths driven by fossil fuelled climate change. This new tax must be accompanied by higher taxes on the super-rich and other polluting companies. Governments should impose such taxes nationally and engage positively at the UN to ensure a fair global tax agreement.  

    “People understand that storms, floods, drought, wildfires, and other extreme weather events are being fuelled by oil and gas corporations. Instead of leaving communities exposed to deal with these devastating costs alone, governments can unlock huge sums of money to invest in climate solutions through making dirty energy companies pay,” said Rebecca Newsom, Global Political Lead for Greenpeace’s Stop Drilling, Start Paying campaign. “The Polluters Pay Pact unites communities on the frontlines of climate disasters, concerned citizens, first responders like firefighters and humanitarian groups around the world to call on politicians to act now through making polluters, not people, pay for climate damages.”  

    Amitabh Behar, Executive Director of Oxfam International, said: “Mega-rich coal, oil and gas companies have known for decades about the damage their polluting products wreak on humanity. Corporations continue to cash in on climate devastation, and their profiteering destroys the lives and livelihoods of millions of women, men and children, predominantly those in the Global South who have done the least to cause the climate crisis. Governments must listen to their people and hold rich polluters responsible for their damages. A new tax on polluting industries could provide immediate and significant support to climate-vulnerable countries and finally incentivise investment in renewables and a just transition.”  

    MIL OSI NGO –