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Category: Commerce

  • MIL-OSI Submissions: Update on December 2024 and January 2025 rental data

    Update on December 2024 and January 2025 rental data

    The national-level stock measure for actual rentals for housing for December 2024 and January 2025 will be included in Selected price indexes: January 2025, which is due out on Friday 14 February.  

    The administrative data used for this measure is provided by the Ministry of Business, Innovation and Employment (MBIE), which recently upgraded their tenancy bond-lodgment system. The stock measure was not included in last month’s SPI release as time was needed to integrate the new system’s data into the rental price indexes.  

    The completed update does not affect the results for the December 2024 quarter consumers price index (CPI), so no revision is required.

    The release does not include the flow of rental properties measures (national and regional) as we are still working to integrate the new system’s data for these measures. The flow measures, which do not affect the CPI, will be included when we are confident they meet customer expectations.  

    Stats NZ would like to thank MBIE and the Ministry of Housing and Urban Development (HUD) for collaborating on this work and making it possible to release the latest data. We will provide a further update in due course.

    If you have any questions, please contact our Information Centre at info@stats.govt.nz.

    Ends

    The Government Statistician authorises all statistics and data we publish.

    If you wish to change your details or unsubscribe please email subscriptions@stats.govt.nz.

    Thank you for using the Stats NZ subscription service.

    Publishing team
    +64 4 931 4600
    publishing@stats.govt.nz

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    More information is available on the Stats NZ website at www.stats.govt.nz

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    MIL OSI –

    February 13, 2025
  • MIL-OSI Asia-Pac: Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area to promote Hong Kong and GBA development opportunities in Bangkok, Thailand

    Source: Hong Kong Government special administrative region

    Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area to promote Hong Kong and GBA development opportunities in Bangkok, Thailand
    Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area to promote Hong Kong and GBA development opportunities in Bangkok, Thailand
    ******************************************************************************************

         The Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area, Ms Maisie Chan, will begin her duty visit to Bangkok, Thailand, tomorrow (February 13) to promote Hong Kong and the development opportunities of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).      Tomorrow (February 13), Ms Chan will attend a business luncheon, “Unlocking New Horizons: Hong Kong and the Greater Bay Area as a Hub for Global Business and Finance”, organised by the Hong Kong Economic and Trade Office in Bangkok. Ms Chan will deliver a keynote address to promote the strong impetus for growth and the development potential of the GBA. Under the “one country, two systems” principle, Hong Kong serves as the GBA’s international entry point that can help global enterprises tap into the vast business opportunities in the GBA. The Under Secretary for Financial Services and the Treasury, Mr Joseph Chan, will also be invited to speak at the luncheon.      During her stay in Bangkok, Ms Chan will call on the Chinese Embassy in the Kingdom of Thailand and meet with local business leaders, and representatives of financial institutions. She will also attend a dinner reception with the Thai Chamber of Commerce to promote the development opportunities of the GBA.      Ms Chan will conclude her visit and return to Hong Kong on February 14.

     
    Ends/Wednesday, February 12, 2025Issued at HKT 16:00

    NNNN

    MIL OSI Asia Pacific News –

    February 13, 2025
  • MIL-OSI Economics: Singapore Airlines’ advertising campaigns focus on KrisWorld entertainment to elevate in-flight experience, reveals GlobalData

    Source: GlobalData

    Singapore Airlines’ advertising campaigns focus on KrisWorld entertainment to elevate in-flight experience, reveals GlobalData

    Posted in Business Fundamentals

    Singapore Airlines’ advertising campaigns between November 2024 and January 2025 effectively showcased its premium service offerings and entertainment capabilities, positioning the airline as an example of luxury travel and passenger experience. Through a series of targeted campaigns, the airline successfully highlighted its KrisWorld entertainment platform, exclusive partnerships, and commitment to exceptional service. This multifaceted campaigns were aimed at reinforcing Singapore Airlines’ commitment to deliver enhanced service and create memorable travel journeys, according to the Global Ads Platform of GlobalData, a leading data and analytics company

    Satya Prasad Nayak, Ads Analyst at GlobalData, comments: “Singapore Airlines has masterfully balanced the promotion of its entertainment offerings with its premium service excellence. By showcasing the extensive capabilities of KrisWorld alongside luxury partnerships like Charles Heidsieck champagne, Singapore Airlines demonstrates its commitment to elevating the entire travel experience. This strategic approach reinforces Singapore Airlines’ position as a premium carrier.”

    Below are the key focus areas of Singapore Airlines advertisements, revealed by GlobalData’s Global Ads Platform:

    Seamless digital entertainment experience: Singapore Airlines offers a “theatre in the sky” through KrisWorld Digital, featuring new releases, documentaries, TV shows, and live sports. Passengers can browse and plan their in-flight entertainment pre-flight via the KrisWorld platform. With integrated mobile apps and QR code accessibility, the airline blends digital innovation with personalized service for a seamless travel experience.

    Premium partnerships: Singapore Airlines’ collaboration with luxury brands, particularly through its partnership with Charles Heidsieck champagne, reinforces its premium positioning. The airline’s exclusive offerings in its first-class suites showcases its efforts to provide unique, high-end experiences. These partnerships extend to entertainment collaborations, including a special offer of Apple TV+ trials for passengers.

    Service excellence: The airline’s advertisements consistently emphasize the warmth and attentiveness of its cabin crew, particularly evident in campaigns featuring family travel experiences. This focus on personal service highlights Singapore Airlines’ commitment to creating memorable journeys for passengers of all ages, from children to elderly travellers, demonstrating the airline’s ability to cater to diverse passenger needs with equal care and attention.

    MIL OSI Economics –

    February 13, 2025
  • MIL-OSI Economics: AI, big data and cloud prominent technology themes in hiring in 2024, reveals GlobalData

    Source: GlobalData

    AI, big data and cloud prominent technology themes in hiring in 2024, reveals GlobalData

    Posted in Business Fundamentals

    • Active job index experiences a 1.4% YoY growth
    • India top country in terms of growth
    • Retail sector trends with high growth and postings

    The global job market dynamics in 2024 revealed a positive year-over-year (YoY) trend, despite companies continuing optimization efforts, with over 500 companies announcing layoffs. The retail sector experienced a rise in postings, driven by companies such as Amazon and Walgreens. The technology and communications sector, with major recruiters including Accenture, Reliance Jio, and Microsoft, also saw a rise in postings. Key technology themes driving hiring trends include artificial intelligence (AI), cloud, big data, cybersecurity, and batteries, reveals the Job Analytics Database of GlobalData, a leading data and analytics company.

    GlobalData’s latest report, Global Hiring Activity Trends & Signals – 2024, reveals that the new job postings for 2024 were driven by roles for AI/ML Engineers, Cloud Architects, and Generative AI Solution Architects.

    Sherla Sriprada, Business Fundamentals Analyst at GlobalData, comments: “The AI theme has experienced a notable 61% increase in job postings, driven by the need for AI/ML Engineers, Cloud Architects, and Generative AI Solution Architects in 2024. There is a growing demand for professionals skilled in ChatGPT and Copilot, reflecting a heightened focus on GenAI, AI Agents, and Agentic AI roles.”

    Countries such as China, Brazil, India, and Australia had a growth in job postings compared to the previous year. The US companies increased their hiring exposure to India while scaling back in China. The North American job onshoring declined in favor of postings in European and APAC nations.

    Meanwhile, Infrastructure-as-a-Service (IaaS) gained traction, driven by Cloud Infra Leads, Infra Security Engineers, and Data Center InfraOps Managers. Additionally, office productivity applications and enterprise resource planning applications were trending in 2024.

    Sriprada concludes: “2024 marks a pivotal year for the global job market, with tech themes driving much of the hiring activity. On the other hand, it is important to note that the shift towards onshoring in regions like India, coupled with reduced hiring in China, underscores the broader geopolitical and economic trends influencing talent acquisition strategies. This dynamic landscape presents both opportunities and challenges for organizations as they navigate the complexities of a rapidly evolving global workforce.”

    MIL OSI Economics –

    February 13, 2025
  • MIL-OSI Europe: Briefing – Circularity requirements for vehicle design and management of end-of-life vehicles – 12-02-2025

    Source: European Parliament

    The EU’s automotive sector is resource-intensive. There are 286 million motor vehicles on the road in the EU, and every year around 6.5 million vehicles become waste. If improperly managed, these vehicles may cause environmental damage and the economy may lose millions of tonnes of materials. In July 2023, the European Commission presented a proposal for a regulation addressing the whole life cycle of vehicles, from design to end-of-life, aimed at improving design and end-of-life management of vehicles for a more resource-efficient automotive sector. It would set circularity requirements on vehicle design and production concerning reusability, recyclability, recoverability and the use of recycled content. It would also lay down requirements on information and labelling of parts, components and materials in vehicles. In addition, the proposed regulation would establish requirements on extended producer responsibility, collection and treatment of end-of-life vehicles, and on the export of used vehicles from the EU to third countries. The proposal is now in the hands of the co-legislators. In the European Parliament, the Committees on Environment, Public Health and Food Safety (ENVI) and Internal Market and Consumer Protection (IMCO) are jointly responsible for the file. The joint committee vote is scheduled for June 2025. Second edition. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure.

    MIL OSI Europe News –

    February 13, 2025
  • MIL-OSI Europe: EIB Investment Survey shows Belgium investments have returned above pre-COVID levels.

    Source: European Investment Bank

    • Investments in Belgium last year were 4% higher than pre-COVID levels.
    • Businesses in Belgium are ahead of overall European levels in terms of innovation and adoption of advanced digital technologies.
    • Share of Belgian firms prioritising development or introduction of new products and services is far above the bloc’s average.

    A very high percentage of Belgian firms (90%) reported having adopted digital technologies, the second highest percentage of all EU-countries and far above the bloc’s average, according to the European Investment Bank (EIB) Group Investment Survey country results released today. The survey results for Belgium also show that Belgian businesses are far ahead in using Internet of Things (IoT) in their firms. In this field Belgium is far ahead of other EU countries, with an adoption rate of around 65%.

    The EIB Group Investment Survey (EIBIS), is an annual report based on polling of approximately 13,000 firms across all EU member states, with an additional sample from the United States. Its main results were released in October, showing that EU businesses lead way in investments in climate mitigation and adaptation.

    The detailed country reports for individual member states are released today

     When it comes to Belgium, key takeaways include:

    • Together with the Netherlands, Belgium leads the way in terms of the share of businesses’ investments devoted to intangible assets like software, data and website activities.
    • Belgium shows a strong focus on investments in new products and services (39% vs. EU average of 25%).
    • Around six out of every ten Belgian businesses (58%) invested in energy efficiency improvements.

    “European companies are making significant progress in tackling climate change and embracing digital transformation across the board,” remarked EIB Chief Economist Debora Revoltella. “However, enhancing EU investment necessitates a more cohesive and integrated single market.”

    The full country report about Belgium is available here.

    Survey results feed into the annual Investment Report, the flagship publication of the EIB Group’s Economics Department, gauging the investment outlook for Europe’s economy. The next Investment Report will be released on 5 March 2025 during the annual EIB Group Forum in Luxembourg.  

    The annual Forum brings together key stakeholders from the government, business and finance domains to exchange views on investment priorities that support Europe’s policies, including industrial decarbonization, artificial intelligence, the Capital Markets Union, security, housing and EU enlargement. The theme of this year’s event is Investing in a more sustainable and secure Europe. 

    Background information

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world. 

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  

    In 2024, the EIB Group reached a funding volume of just over €2 billion in Belgium, focusing on energy, innovation, SMEs and climate.

    MIL OSI Europe News –

    February 13, 2025
  • MIL-OSI Asia-Pac: India’s Index of Industrial Production records growth of 3.2% in December 2024

    Source: Government of India (2)

    Posted On: 12 FEB 2025 4:00PM by PIB Delhi

    The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month (or previous working day if 12th is a holiday) with a six weeks lag and compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

    2.        Key Highlights:

    1.  The IIP growth rate for the month of December 2024 is 3.2 percent which was 5.2 percent (Quick Estimate) in the month of November 2024.
    2.  The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of December 2024 are 2.6 percent, 3.0 percent and 6.2 percent respectively.
    3.  The Quick Estimates of IIP stands at 157.2 against 152.3 in December 2023. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of December 2024 stand at 143.1, 156.2 and 192.8 respectively.
    4.  Within the manufacturing sector, 16 out of 23 industry groups at NIC 2 digit-level have recorded a positive growth in December 2024 over December 2023. The top three positive contributors for the month of December 2024 are – “Manufacture of basic metals” (6.7%), “Manufacture of electrical equipment” (40.1%) and “Manufacture of coke and refined petroleum products” (3.9%).
    5.  In the industry group “Manufacture of basic metals”, item groups “MS blooms/ billets/ ingots/ pencil ingots “, “Galvanized products of Steel (including colour coated tin plates, TMBP and Tin free steel)”, “Pipes and tubes of Steel”, have shown significant contribution in growth.
    6. In the industry group “Manufacture of electrical equipment”, item groups “Electric heaters”, “Transformers (Small)”, “End facing connector for optical fibres and cables” have shown significant contribution in growth.
    7. In the industry group “Manufacture of coke and refined petroleum products” item groups “Diesel”, “Aviation Turbine Fuel (ATF)”, “Naphtha” have shown significant contribution in growth.
    8.  As per the use base classification, the indices stand at 157.7 for Primary Goods, 114.5 for Capital Goods, 169.3 for Intermediate Goods and 191.7 for Infrastructure/ Construction Goods for the month of December 2024. Further, the indices for Consumer durables and Consumer non-durables stand at 124.0 and 166.0 respectively.
    9.  The corresponding growth rates of IIP as per Use-based classification in December 2024 over December 2023 are 3.8 percent in Primary goods, 10.3 percent in Capital goods, 5.9 percent in Intermediate goods, 6.3 percent in Infrastructure/ Construction Goods, 8.3 percent in Consumer durables and (-)7.6 percent in Consumer non-durables (Statement III).  Based on use-based classification, top three positive contributors to the growth of IIP for the month of December 2024 are – Primary goods, Intermediate goods, and Infrastructure/ construction goods.
    10.   Monthly Indices and Growth Rate (in %) of IIP for the last 13 months

    3.       Along with the Quick Estimates of IIP for the month of December 2024, the indices for November 2024 have undergone the first revision and those for September 2024 have undergone final revision in the light of the updated data received from the source agencies. The Quick Estimates for December 2024, the first revision for November 2024 and the final revision for September 2024 have been compiled at weighted response rates of 91 percent, 95 percent and 96 percent respectively.

    4.     Details of Quick Estimates of the Index of Industrial Production for the month of December 2024 at Sectoral, 2-digit level of National Industrial Classification (NIC-2008) and by Use-based classification are given at Statements I, II and III respectively. Also, for users to appreciate the changes in the industrial sector, Statement IV provides month-wise indices for the last 13 months, by industry groups (as per 2-digit level of NIC-2008) and sectors.

    5.     Release of the Index for January 2025 will be on Wednesday, 12th March 2025.

     

    Note: –

    1. This Press release (English and Hindi Version) is also available at the Ministry’s Website –http://www.mospi.gov.in.
    2. Detailed information pertaining to IIP is available at https://mospi.gov.in/iip and https://esankhyiki.mospi.gov.in/

     

     

    STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION – SECTORAL

    (Base: 2011-12=100)

    Month

     

    Mining

    Manufacturing

    Electricity

    General

    (100)

    (14.372472)

    (77.63321)

    (7.994318)

     

    2023-24

    2024-25

    2023-24

    2024-25

    2023-24

    2024-25

    2023-24

    2024-25

    Apr

    122.6

    130.9

    138.8

    144.6

    192.3

    212.0

    140.7

    148.0

    May

    128.1

    136.5

    143.1

    150.4

    201.6

    229.3

    145.6

    154.7

    Jun

    122.3

    134.9

    141.6

    146.6

    205.2

    222.8

    143.9

    151.0

    Jul

    111.9

    116.1

    142.1

    148.8

    204.0

    220.2

    142.7

    149.8

    Aug

    111.9

    107.1

    144.4

    146.1

    220.5

    212.3

    145.8

    145.8

    Sep

    111.5

    111.7

    141.5

    147.2

    205.9

    206.9

    142.3

    146.9

    Oct

    127.4

    128.5

    142.1

    148.3

    203.8

    207.8

    144.9

    150.2

    Nov

    131.3

    133.8

    139.3

    147.0

    176.3

    184.1

    141.1

    148.1

    Dec*

    139.5

    143.1

    151.6

    156.2

    181.6

    192.8

    152.3

    157.2

    Jan

    144.3

     

    150.8

     

    197.1

     

    153.6

     

    Feb

    139.7

     

    144.4

     

    187.2

     

    147.1

     

    Mar

    156.2

     

    156.2

     

    204.2

     

    160.0

     

    Average

                   

    Apr-Dec

    122.9

    127.0

    142.7

    148.4

    199.0

    209.8

    144.4

    150.2

    Growth over the corresponding period of previous year#

         

    Nov

    7.0

    1.9

    1.3

    5.5

    5.8

    4.4

    2.5

    5.0

    Dec*

    5.2

    2.6

    4.6

    3.0

    1.2

    6.2

    4.4

    3.2

    Apr-Dec

    8.5

    3.3

    5.7

    4.0

    7.0

    5.4

    6.3

    4.0

    * Figures for December 2024 are Quick Estimates.

    NOTE: Indices for the months of September’24 and November’24 incorporate updated production data.

     

     

    STATEMENT II:  INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)

    (Base: 2011-12=100)

    Industry

    Description

    Weight

    Index

    Cumulative Index

    Percentage growth#

    code

     

     

    Dec’23

    Dec’24*

    Apr-Dec*

     

    Dec’24*

    Apr-Dec*

     

     

     

     

     

    2023-24

    2024-25

     

    2024-25

    10

    Manufacture of food products

    5.302

    160.8

    151.9

    128.9

    126.1

    -5.5

    -2.2

    11

    Manufacture of beverages

    1.035

    101.3

    104.0

    108.3

    111.9

    2.7

    3.3

    12

    Manufacture of tobacco products

    0.798

    82.7

    89.1

    81.4

    82.8

    7.7

    1.7

    13

    Manufacture of textiles

    3.291

    112.3

    113.8

    107.8

    108.6

    1.3

    0.7

    14

    Manufacture of wearing apparel

    1.322

    113.1

    119.2

    103.6

    112.5

    5.4

    8.6

    15

    Manufacture of leather and related products

    0.502

    95.9

    89.2

    94.1

    92.2

    -7.0

    -2.0

    16

    Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

    0.193

    97.7

    114.5

    96.7

    102.0

    17.2

    5.5

    17

    Manufacture of paper and paper products

    0.872

    78.1

    76.5

    79.1

    79.1

    -2.0

    0.0

    18

    Printing and reproduction of recorded media

    0.680

    95.5

    86.7

    88.9

    83.8

    -9.2

    -5.7

    19

    Manufacture of coke and refined petroleum products

    11.775

    141.9

    147.4

    131.9

    136.1

    3.9

    3.2

    20

    Manufacture of chemicals and chemical products

    7.873

    127.5

    130.3

    127.0

    129.9

    2.2

    2.3

    21

    Manufacture of pharmaceuticals, medicinal chemical and botanical products

    4.981

    286.3

    259.2

    236.0

    232.9

    -9.5

    -1.3

    22

    Manufacture of rubber and plastics products

    2.422

    106.9

    106.6

    107.7

    112.5

    -0.3

    4.5

    23

    Manufacture of other non-metallic mineral products

    4.085

    147.1

    151.2

    140.9

    144.3

    2.8

    2.4

    24

    Manufacture of basic metals

    12.804

    220.2

    234.9

    210.7

    224.4

    6.7

    6.5

    25

    Manufacture of fabricated metal products, except machinery and equipment

    2.655

    98.1

    107.3

    89.2

    95.7

    9.4

    7.3

    26

    Manufacture of computer, electronic and optical products

    1.570

    111.6

    114.5

    119.9

    129.3

    2.6

    7.8

    27

    Manufacture of electrical equipment

    2.998

    116.6

    163.3

    104.0

    129.8

    40.1

    24.8

    28

    Manufacture of machinery and equipment n.e.c.

    4.765

    115.5

    127.6

    118.7

    122.0

    10.5

    2.8

    29

    Manufacture of motor vehicles, trailers and semi-trailers

    4.857

    118.5

    116.4

    125.8

    129.9

    -1.8

    3.3

    30

    Manufacture of other transport equipment

    1.776

    137.2

    142.0

    140.6

    159.2

    3.5

    13.2

    31

    Manufacture of furniture

    0.131

    197.4

    241.1

    176.8

    226.3

    22.1

    28.0

    32

    Other manufacturing

    0.941

    70.5

    77.6

    86.8

    82.2

    10.1

    -5.3

     

     

     

     

     

     

     

     

     

    05

    Mining

    14.372

    139.5

    143.1

    122.9

    127.0

    2.6

    3.3

    10-32

    Manufacturing

    77.633

    151.6

    156.2

    142.7

    148.4

    3.0

    4.0

    35

    Electricity

    7.994

    181.6

    192.8

    199.0

    209.8

    6.2

    5.4

     

     

     

     

     

     

     

     

     

     

    General Index

    100.00

    152.3

    157.2

    144.4

    150.2

    3.2

    4.0

    * Figures for Dec 2024 are Quick Estimates.

                 

     

     

    STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION – USE-BASED

     

    (Base :2011-12=100)

     

     

    Primary goods

    Capital goods

    Intermediate goods

    Infrastructure/ construction goods

    Consumer durables

    Consumer non-durables

    Month

    (34.048612)

    (8.223043)

    (17.221487)

    (12.338363)

    (12.839296)

    (15.329199)

     

    2023-24

    2024-25

    2023-24

    2024-25

    2023-24

    2024-25

    2023-24

    2024-25

    2023-24

    2024-25

    2023-24

    2024-25

    Apr

    142.2

    152.2

    92.4

    95.0

    152.0

    157.8

    169.8

    184.2

    108.1

    119.5

    154.7

    150.9

    May

    149.9

    160.9

    102.6

    105.3

    156.9

    162.4

    173.2

    186.3

    115.6

    130.2

    149.8

    154.0

    Jun

    146.7

    156.0

    107.4

    111.3

    154.2

    159.1

    170.9

    184.9

    116.8

    127.1

    146.7

    145.2

    Jul

    141.8

    150.1

    102.1

    114.0

    153.8

    164.6

    170.3

    179.7

    117.0

    126.6

    153.5

    147.1

    Aug

    145.4

    141.6

    107.4

    107.4

    157.4

    162.3

    176.8

    181.5

    123.2

    129.8

    148.3

    141.8

    Sep

    138.8

    141.3

    112.6

    116.5

    154.2

    160.8

    172.8

    178.8

    125.0

    132.9

    142.6

    145.7

    Oct

    146.1

    149.8

    106.1

    109.4

    157.5

    164.8

    175.9

    184.4

    123.0

    130.0

    142.4

    146.1

    Nov

    143.8

    147.7

    98.0

    106.6

    151.3

    158.6

    164.2

    177.5

    106.5

    121.5

    157.2

    157.9

    Dec*

    151.9

    157.7

    103.8

    114.5

    159.8

    169.3

    180.3

    191.7

    114.5

    124.0

    179.7

    166.0

    Jan

    154.3

     

    108.3

     

    163.8

     

    186.6

     

    121.4

     

    164.9

     

    Feb

    148.2

     

    106.7

     

    157.6

     

    179.5

     

    121.9

     

    149.9

     

    Mar

    163.1

     

    131.6

     

    169.2

     

    195.2

     

    129.9

     

    155.2

     

    Average

                           

    Apr-Dec

    145.2

    150.8

    103.6

    108.9

    155.2

    162.2

    172.7

    183.2

    116.6

    126.8

    152.8

    150.5

    Growth over the corresponding period of previous year#

                 

    Nov

    8.4

    2.7

    -1.1

    8.8

    3.4

    4.8

    1.5

    8.1

    -4.8

    14.1

    -3.4

    0.4

    Dec*

    4.8

    3.8

    3.7

    10.3

    3.7

    5.9

    5.5

    6.3

    5.2

    8.3

    3.0

    -7.6

    Apr-Dec

    6.9

    3.9

    7.1

    5.1

    4.8

    4.5

    10.7

    6.1

    1.1

    8.7

    5.4

    -1.5

                               
     

     

    * Figures for December 2024 are Quick Estimates.

     

    NOTE: Indices for the months of Sept’24 and Nov’24 incorporate updated production data.

     

     

     

     

    STATEMENT IV:  MONTHLY INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)

     

    (Base: 2011-12=100)

    Industry code

    Description

    Weight

    Dec-23

    Jan-24

    Feb-24

    Mar-24

    Apr-24

    May-24

    Jun-24

    Jul-24

    Aug-24

    Sep-24

    Oct-24

    Nov-24

    Dec-24

    10

    Manufacture of food products

    5.3025

    160.8

    158.9

    151.9

    142.4

    119.8

    116.4

    118.3

    119.9

    122.3

    120.5

    129.5

    136.5

    151.9

     

    11

    Manufacture of beverages

    1.0354

    101.3

    112.6

    120.0

    124.2

    123.8

    136.4

    125.2

    112.9

    100.3

    101.8

    103.2

    99.4

    104.0

     

    12

    Manufacture of tobacco products

    0.7985

    82.7

    84.6

    77.3

    78.3

    61.1

    88.1

    83.2

    81.3

    78.5

    91.2

    92.3

    80.4

    89.1

     

    13

    Manufacture of textiles

    3.2913

    112.3

    109.7

    104.1

    106.9

    105.3

    107.0

    106.2

    109.1

    109.4

    109.3

    111.2

    106.4

    113.8

     

    14

    Manufacture of wearing apparel

    1.3225

    113.1

    117.3

    125.6

    143.0

    105.1

    123.6

    122.6

    111.7

    112.5

    103.7

    104.0

    110.2

    119.2

     

    15

    Manufacture of leather and related products

    0.5021

    95.9

    99.9

    96.8

    95.9

    89.3

    102.6

    99.2

    102.0

    94.3

    89.5

    87.6

    76.1

    89.2

     

    16

    Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

    0.1930

    97.7

    96.4

    101.7

    111.4

    84.3

    100.3

    103.8

    99.1

    108.1

    106.7

    103.1

    98.2

    114.5

     

    17

    Manufacture of paper and paper products

    0.8724

    78.1

    79.1

    79.2

    83.0

    75.6

    81.0

    79.8

    81.7

    83.0

    81.2

    78.3

    74.9

    76.5

     

    18

    Printing and reproduction of recorded media

    0.6798

    95.5

    91.3

    88.8

    91.6

    82.1

    91.9

    85.3

    84.4

    83.3

    84.7

    78.6

    77.3

    86.7

     

    19

    Manufacture of coke and refined petroleum products

    11.7749

    141.9

    134.7

    131.2

    142.4

    135.4

    140.7

    132.2

    140.9

    130.8

    128.8

    132.8

    135.6

    147.4

     

    20

    Manufacture of chemicals and chemical products

    7.8730

    127.5

    127.6

    125.4

    132.3

    127.0

    133.2

    131.7

    135.2

    129.5

    129.4

    129.2

    123.3

    130.3

     

    21

    Manufacture of pharmaceuticals, medicinal chemical and botanical products

    4.9810

    286.3

    245.6

    205.6

    228.0

    244.4

    245.0

    218.8

    224.7

    212.6

    222.9

    216.8

    251.4

    259.2

     

    22

    Manufacture of rubber and plastics products

    2.4222

    106.9

    112.8

    110.3

    116.3

    108.9

    112.4

    114.5

    116.9

    115.5

    117.6

    116.6

    103.5

    106.6

     

    23

    Manufacture of other non-metallic mineral products

    4.0853

    147.1

    147.5

    147.7

    165.4

    148.7

    149.1

    154.1

    136.3

    139.8

    137.6

    144.8

    137.1

    151.2

     

    24

    Manufacture of basic metals

    12.8043

    220.2

    226.9

    213.2

    232.1

    220.7

    225.9

    219.2

    223.7

    225.6

    219.7

    227.9

    222.1

    234.9

     

    25

    Manufacture of fabricated metal products, except machinery and equipment

    2.6549

    98.1

    95.1

    95.7

    115.0

    85.0

    97.8

    89.5

    93.7

    92.8

    99.5

    100.3

    95.0

    107.3

     

    26

    Manufacture of computer, electronic and optical products

    1.5704

    111.6

    120.8

    125.8

    134.7

    114.2

    136.5

    134.8

    130.9

    146.6

    146.7

    123.8

    115.9

    114.5

     

    27

    Manufacture of electrical equipment

    2.9983

    116.6

    108.1

    111.5

    124.7

    110.4

    122.7

    136.8

    131.8

    127.7

    128.1

    126.2

    121.1

    163.3

     

    28

    Manufacture of machinery and equipment n.e.c.

    4.7653

    115.5

    116.4

    121.0

    145.4

    108.0

    118.1

    125.3

    126.2

    122.9

    131.7

    120.3

    117.7

    127.6

     

    29

    Manufacture of motor vehicles, trailers and semi-trailers

    4.8573

    118.5

    140.5

    130.4

    130.5

    126.5

    134.4

    128.9

    133.5

    129.2

    132.6

    133.4

    134.4

    116.4

     

    30

    Manufacture of other transport equipment

    1.7763

    137.2

    149.5

    145.8

    175.7

    140.3

    153.2

    153.4

    155.0

    156.4

    189.0

    184.5

    159.4

    142.0

     

    31

    Manufacture of furniture

    0.1311

    197.4

    199.0

    227.7

    296.4

    220.8

    246.0

    217.0

    209.2

    226.2

    246.6

    227.8

    201.9

    241.1

     

    32

    Other manufacturing

    0.9415

    70.5

    76.6

    76.4

    90.0

    96.5

    72.5

    74.6

    83.3

    86.9

    99.5

    91.8

    56.9

    77.6

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    5

    Mining

    14.3725

    139.5

    144.3

    139.7

    156.2

    130.9

    136.5

    134.9

    116.1

    107.1

    111.7

    128.5

    133.8

    143.1

     

    10-32

    Manufacturing

    77.6332

    151.6

    150.8

    144.4

    156.2

    144.6

    150.4

    146.6

    148.8

    146.1

    147.2

    148.3

    147.0

    156.2

     

    35

    Electricity

    7.9943

    181.6

    197.1

    187.2

    204.2

    212.0

    229.3

    222.8

    220.2

    212.3

    206.9

    207.8

    184.1

    192.8

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    General Index

    100

    152.3

    153.6

    147.1

    160.0

    148.0

    154.7

    151.0

    149.8

    145.8

    146.9

    150.2

    148.1

    157.2

     

                                       

     

    * Figures for December 2024 are Quick Estimates

      NOTE: Indices for the months of Sept’24 and Nov’24 incorporate updated production data.

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    MIL OSI Asia Pacific News –

    February 13, 2025
  • MIL-OSI Asia-Pac: CONSUMER PRICE INDEX NUMBERS ON BASE 2012=100 FOR RURAL, URBAN AND COMBINED FOR THE MONTH OF January 2025

    Source: Government of India (2)

    Posted On: 12 FEB 2025 4:00PM by PIB Delhi

    I. Key highlights:

    1. Headline Inflation: Year-on-year inflation rate based on All India Consumer Price Index (CPI) for the month of January 2025 over January 2024 is 4.31% (Provisional). There is decline of 91 basis points in headline inflation of January, 2025 in comparison to December 2024. It is the lowest year-on-year inflation after August, 2024.

    1. Food Inflation: Year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for the month of January 2025 over January, 2024 is 6.02% (Provisional). Corresponding inflation rate for rural and urban are 6.31% and 5.53%, respectively. All India inflation rates for CPI(General) and CFPI over the last 13 months are shown below. A sharp decline of 237 basis point is observed in food inflation in January, 2025 in comparison to December, 2024. The food inflation in January, 2025 is the lowest after August, 2024.

    1. Rural Inflation: Significant decline in headline and food inflation in rural sector observed in January 2025. It is 4.64% (provisional) in January, 2025 while the same was 5.76% in December, 2024. The CFPI based food inflation in rural sector is observed as 6.31% in January, 2025 in comparison to 8.65% in December, 2024.

    2. Urban Inflation: Sharp decline from 4.58% in December, 2024 to 3.87% (Provisional) in January, 2025 is observed in headline inflation of urban sector. Similar decline is observed in food inflation which is decreased from 7.9% in December, 2024 to 5.53% in January, 2025.

    3. Housing Inflation: Year-on-year Housing inflation rate for the month of January, 2025 is 2.76%. Corresponding inflation rate for the month of December, 2024 was 2.71%. The housing index is compiled for urban sector only.

    4. Education Inflation: Year-on-year Education inflation rate for the month of January, 2025 is 3.83%. Corresponding inflation rate for the month of December, 2024 was 3.95%. It is combined education inflation for both rural and urban sector.

    5. Health Inflation: Year-on-year Health inflation rate for the month of January, 2025 is 3.97%. Corresponding inflation rate for the month of December, 2024 was 4.05%. It is combined health inflation for both rural and urban sector.

    6. Transport & Communication: Year-on-year Transport & communication inflation rate for the month of January, 2025 is 2.76%. Corresponding inflation rate for the month of December, 2024 was 2.64%. It is combined inflation rate for both rural and urban sector.

    7. Fuel & light: Year-on-year Fuel & light inflation rate for the month of January, 2025 is -1.38 %. Corresponding inflation rate for the month of December, 2024 was -1.33%. It is combined inflation rate for both rural and urban sector.

    8. The significant decline in headline inflation and food inflation during the month of January, 2025 is mainly attributed to decline in inflation of Vegetables, Egg, Pulses & Products, Cereals and Products, Education, Clothing and Health.

    9. Top five items with highest inflation: The top five items showing highest year on year Inflation at All India level in January 2025 are Coconut oil (54.20%), potato (49.61%), coconut (38.71%), garlic (30.65%), peas [vegetables] (30.17%).

    10. Top five items with lowest inflation: The key items having lowest year on year inflation in January, 2025 are jeera (-32.25%), ginger (-30.92%), dry chilies (-11.27%), brinjal (-9.94%), LPG (excl. conveyance) (-9.29%). For other data related to All India Item Index and Inflation, please visit the website www.cpi.mospi.gov.in.

    11. Top five major states with high Year on Year inflation for the month of January 2025 are shown in the graph below.

     

    1. All India Inflation rates (on point to point basis i.e. current month over same month of last year, i.e.

    January 2025 over January 2024), based on General Indices and CFPIs are given as follows:

     

    All India year-on-year inflation rates (%) based on CPI (General) and CFPI: January 2025 over January 2024

     

    January 2025 (Prov.)

    December 2024 (Final)

    January 2024

    Rural

    Urban

    Combd.

    Rural

    Urban

    Combd.

    Rural

    Urban

    Combd.

    Inflation

    CPI (General)

    4.64

    3.87

    4.31

    5.76

    4.58

    5.22

    5.34

    4.92

    5.10

    CFPI

    6.31

    5.53

    6.02

    8.65

    7.9

    8.39

    7.91

    9.02

    8.30

    Index

    CPI (General)

    196.0

    190.6

    193.5

    198.4

    192.0

    195.4

    187.3

    183.5

    185.5

    CFPI

    198.8

    204.1

    200.7

    204.7

    210.3

    206.7

    187.0

    193.4

    189.3

                          Notes: Prov.  – Provisional, Combd. – Combined

     

    1. Monthly changes in the General Indices and CFPIs are given below:

         Monthly changes (%) in All India CPI (General) and CFPI: January 2025 over December 2024

    Indices

    January 2025 (Prov.)

    December 2024 (Final)

    Monthly change (%)

    Rural

    Urban

    Combd.

    Rural

    Urban

    Combd.

    Rural

    Urban

    Combd.

    CPI (General)

    196.0

    190.6

    193.5

    198.4

    192.0

    195.4

    -1.21

    -0.73

    -0.97

    CFPI

    198.8

    204.1

    200.7

    204.7

    210.3

    206.7

    -2.88

    -2.95

    -2.90

           

    Note: Figures of January 2025 are provisional.

    1. Response rate: The price data are collected from selected 1114 urban Markets and 1181 villages covering all States/UTs through personal visits by field staff of Field Operations Division of NSO, MoSPI on a weekly roster. During the month of January 2025, NSO collected prices from 99.7% villages and 98.5% urban markets while the market-wise prices reported therein were 88.7% for rural and 93.1% for urban.

    2. Next date of release for February 2025 CPI is 12th March 2025 (Wednesday). For more details, please visit the website www.cpi.mospi.gov.in or esankhyiki.mospi.gov.in

    List of Annex

    Annex

    Title

    I

    All-India General, Group and Sub-group level CPI and CFPI numbers for December 2024(Final) and January2025(Provisional) for Rural, Urban and Combined (Annexure I)

    II

    All-India inflation rates (%) for General, Group and Sub-group level CPI and CFPI numbers for January 2025 (Provisional) for Rural, Urban and Combined (Annexure II)

    III

    General CPI for States for Rural, Urban and Combined for December 2024 (Final) and January 2025 (Provisional) (Annexure III)

    IV

    Year-on-year inflation rates (%) of major States for Rural, Urban and Combined for January 2025(Provisional) (Annexure IV)

    V

     Time Series Data for All India General CPI (Base 2012 =100) Since January 2013 (Annexure V)

    VI

     Time Series Data for All India Year-on-year inflation rates (%) based on General CPI (Base 2012=100) Since January 2014 (Annexure VI)

                              

                                                                                                                                                                                                            Annex I

    All-India General, Group and Sub-group level CPI and CFPI numbers for December 2024 (Final) and January 2025 (Provisional) for Rural, Urban and Combined (Base: 2012=100)

     

    Group Code

    Sub-group Code

    Description

    Rural

    Urban

    Combined

    Weights

    Dec. 24 Index
    (Final)

    Jan. 25 Index
    (Prov.)

    Weights

    Dec. 24 Index
    (Final)

    Jan. 25 Index
    (Prov.)

    Weights

    Dec.24 Index
    (Final)

    Jan. 25 Index
    (Prov.)

    (1)

    (2)

    (3)

    (4)

    (5)

    (6)

    (7)

    (8)

    (9)

    (10)

    (11)

    (12)

     

    1.1.01

    Cereals and products

    12.35

    198.9

    199.8

    6.59

    196.5

    197.5

    9.67

    198.1

    199.1

     

    1.1.02

    Meat and fish

    4.38

    219.1

    220.9

    2.73

    228.7

    230.8

    3.61

    222.5

    224.4

     

    1.1.03

    Egg

    0.49

    209.8

    206.1

    0.36

    215.8

    210.8

    0.43

    212.1

    207.9

     

    1.1.04

    Milk and products

    7.72

    187.3

    187.7

    5.33

    187.9

    188.2

    6.61

    187.5

    187.9

     

    1.1.05

    Oils and fats

    4.21

    189.0

    189.0

    2.81

    174.6

    175.6

    3.56

    183.7

    184.1

     

    1.1.06

    Fruits

    2.88

    189.0

    192.1

    2.90

    192.4

    193.8

    2.89

    190.6

    192.9

     

    1.1.07

    Vegetables

    7.46

    242.4

    203.6

    4.41

    289.2

    245.6

    6.04

    258.3

    217.8

     

    1.1.08

    Pulses and products

    2.95

    212.4

    207.8

    1.73

    217.4

    213.0

    2.38

    214.1

    209.6

     

    1.1.09

    Sugar and Confectionery

    1.70

    130.0

    129.6

    0.97

    132.7

    132.4

    1.36

    130.9

    130.5

     

    1.1.10

    Spices

    3.11

    229.0

    227.3

    1.79

    224.1

    222.9

    2.50

    227.4

    225.8

     

    1.2.11

    Non-alcoholic beverages

    1.37

    186.7

    187.7

    1.13

    175.5

    176.6

    1.26

    182.0

    183.1

     

    1.1.12

    Prepared meals, snacks, sweets etc.

    5.56

    201.2

    201.7

    5.54

    211.7

    212.9

    5.55

    206.1

    206.9

    1

     

    Food and beverages

    54.18

    203.9

    198.8

    36.29

    209.4

    204.6

    45.86

    205.9

    200.9

    2

     

    Pan, tobacco and intoxicants

    3.26

    208.7

    208.2

    1.36

    212.2

    212.6

    2.38

    209.6

    209.4

     

    3.1.01

    Clothing

    6.32

    200.4

    200.6

    4.72

    190.0

    190.3

    5.58

    196.3

    196.5

     

    3.1.02

    Footwear

    1.04

    193.7

    193.9

    0.85

    175.6

    176.0

    0.95

    186.2

    186.5

    3

     

    Clothing and footwear

    7.36

    199.4

    199.7

    5.57

    187.8

    188.1

    6.53

    194.8

    195.1

    4

     

    Housing

    –

    –

    –

    21.67

    181.7

    182.5

    10.07

    181.7

    182.5

    5

     

    Fuel and light

    7.94

    182.3

    183.1

    5.58

    170.5

    170.6

    6.84

    177.8

    178.4

     

    6.1.01

    Household goods and services

    3.75

    187.0

    187.3

    3.87

    178.3

    178.8

    3.80

    182.9

    183.3

     

    6.1.02

    Health

    6.83

    200.2

    200.8

    4.81

    194.5

    195.4

    5.89

    198.0

    198.8

     

    6.1.03

    Transport and communication

    7.60

    176.7

    177.2

    9.73

    165.8

    166.1

    8.59

    171.0

    171.4

     

    6.1.04

    Recreation and amusement

    1.37

    181.5

    181.6

    2.04

    176.7

    177.0

    1.68

    178.8

    179.0

     

    6.1.05

    Education

    3.46

    192.2

    192.5

    5.62

    187.9

    188.0

    4.46

    189.7

    189.9

     

    6.1.06

    Personal care and effects

    4.25

    206.3

    208.4

    3.47

    208.0

    210.2

    3.89

    207.0

    209.1

    6

     

    Miscellaneous

    27.26

    190.8

    191.5

    29.53

    182.0

    182.6

    28.32

    186.5

    187.2

    General Index (All Groups)

    100.00

    198.4

    196.0

    100.00

    192.0

    190.6

    100.00

    195.4

    193.5

    Consumer Food Price Index (CFPI)

    47.25

    204.7

    198.8

    29.62

    210.3

    204.1

    39.06

    206.7

    200.7

    Notes:

    1. Prov.       : Provisional.

    2. CFPI        : Out of 12 sub-groups contained in ‘Food and Beverages’ group, CFPI is based on ten sub-groups, excluding ‘Non-alcoholic beverages’ and ‘Prepared meals, snacks, sweets etc.’.

    1. –   : CPI (Rural) for housing is not compiled.

    Annex II

    All-India year-on-year inflation rates (%) for General, Group and Sub-group level CPI and CFPI numbers for January 2025 (Provisional) for Rural, Urban and Combined (Base: 2012=100)

     

    Group Code

    Sub-group Code

    Description

    Rural

    Urban

    Combined

     

    Jan. 24 Index
    (Final)

    Jan. 25

    Index
    (Prov.)

    Inflation Rate
    (%)

    Jan. 24 Index
    (Final)

    Jan. 25

    Index
    (Prov.)

    Inflation Rate
    (%)

    Jan. 24 Index
    (Final)

    Jan. 25

    Index
    (Prov.)

    Inflation Rate
    (%)

     

    (1)

    (2)

    (3)

    (4)

    (5)

    (6)

    (7)

    (8)

    (9)

    (10)

    (11)

    (12)

     

    1.1.01

    Cereals and products

    187.5

    199.8

    6.56

    187.1

    197.5

    5.56

    187.4

    199.1

    6.24

     

    1.1.02

    Meat and fish

    209.9

    220.9

    5.24

    219.4

    230.8

    5.20

    213.2

    224.4

    5.25

     

    1.1.03

    Egg

    204.8

    206.1

    0.63

    206.1

    210.8

    2.28

    205.3

    207.9

    1.27

     

    1.1.04

    Milk and products

    182.6

    187.7

    2.79

    182.8

    188.2

    2.95

    182.7

    187.9

    2.85

     

    1.1.05

    Oils and fats

    161.2

    189.0

    17.25

    155.8

    175.6

    12.71

    159.2

    184.1

    15.64

     

    1.1.06

    Fruits

    169.7

    192.1

    13.20

    174.5

    193.8

    11.06

    171.9

    192.9

    12.22

     

    1.1.07

    Vegetables

    179.9

    203.6

    13.17

    226.2

    245.6

    8.58

    195.6

    217.8

    11.35

     

    1.1.08

    Pulses and products

    202.5

    207.8

    2.62

    207.7

    213.0

    2.55

    204.3

    209.6

    2.59

     

    1.1.09

    Sugar and Confectionery

    129.7

    129.6

    -0.08

    131.0

    132.4

    1.07

    130.1

    130.5

    0.31

     

    1.1.10

    Spices

    245.9

    227.3

    -7.56

    235.5

    222.9

    -5.35

    242.4

    225.8

    -6.85

     

    1.2.11

    Non-alcoholic beverages

    182.3

    187.7

    2.96

    169.8

    176.6

    4.00

    177.1

    183.1

    3.39

     

    1.1.12

    Prepared meals, snacks, sweets etc.

    195.0

    201.7

    3.44

    203.1

    212.9

    4.83

    198.8

    206.9

    4.07

     

    1

    Food and beverages

    187.7

    198.8

    5.91

    194.2

    204.6

    5.36

    190.1

    200.9

    5.68

     

    2

    Pan, tobacco and intoxicants

    203.2

    208.2

    2.46

    208.9

    212.6

    1.77

    204.7

    209.4

    2.30

     

    3.1.01

    Clothing

    195.3

    200.6

    2.71

    185.1

    190.3

    2.81

    191.3

    196.5

    2.72

     

    3.1.02

    Footwear

    190.4

    193.9

    1.84

    171.8

    176.0

    2.44

    182.7

    186.5

    2.08

     

    3

    Clothing and footwear

    194.6

    199.7

    2.62

    183.1

    188.1

    2.73

    190.0

    195.1

    2.68

     

    4

    Housing

    –

    –

    –

    177.6

    182.5

    2.76

    177.6

    182.5

    2.76

     

    5

    Fuel and light

    184.1

    183.1

    -0.54

    175.7

    170.6

    -2.90

    180.9

    178.4

    -1.38

     

    6.1.01

    Household goods and services

    182.9

    187.3

    2.41

    173.0

    178.8

    3.35

    178.2

    183.3

    2.86

     

    6.1.02

    Health

    193.2

    200.8

    3.93

    187.8

    195.4

    4.05

    191.2

    198.8

    3.97

     

    6.1.03

    Transport and communication

    172.0

    177.2

    3.02

    162.1

    166.1

    2.47

    166.8

    171.4

    2.76

     

    6.1.04

    Recreation and amusement

    177.2

    181.6

    2.48

    172.2

    177.0

    2.79

    174.4

    179.0

    2.64

     

    6.1.05

    Education

    185.8

    192.5

    3.61

    180.8

    188.0

    3.98

    182.9

    189.9

    3.83

     

    6.1.06

    Personal care and effects

    188.6

    208.4

    10.50

    189.9

    210.2

    10.69

    189.1

    209.1

    10.58

     

    6

    Miscellaneous

    183.4

    191.5

    4.42

    175.2

    182.6

    4.22

    179.4

    187.2

    4.35

     

    General Index (All Groups)

    187.3

    196.0

    4.64

    183.5

    190.6

    3.87

    185.5

    193.5

    4.31

     

    Notes:

    1. Prov.       : Provisional.

    2. –               : CPI (Rural) for housing is not compiled.

     

    Annex III

    General CPI for States for Rural, Urban and Combined for December 2024 (Final) and January 2025 (Provisional) (Base: 2012=100)

     

    Sl. No.

    Name of the State/UT

    Rural

    Urban

    Combined

    Weights

    Dec. 24 Index
    (Final)

    Jan. 25 Index
    (Prov.)

    Weights

    Dec. 24 Index
    (Final)

    Jan. 25 Index
    (Prov.)

    Weights

    Dec. 24 Index
    (Final)

    Jan. 25 Index
    (Prov.)

    (1)

    (2)

    (3)

    (4)

    (5)

    (6)

    (7)

    (8)

    (9)

    (10)

    (11)

    1

    Andhra Pradesh

    5.40

    199.5

    199.1

    3.64

    199.4

    199.2

    4.58

    199.5

    199.1

    2

    Arunachal Pradesh

    0.14

    199.1

    197.6

    0.06

    —

    —

    0.10

    199.1

    197.6

    3

    Assam

    2.63

    200.1

    198.4

    0.79

    196.7

    194.8

    1.77

    199.4

    197.7

    4

    Bihar

    8.21

    195.7

    189.7

    1.62

    203.1

    199.1

    5.14

    196.8

    191.1

    5

    Chhattisgarh

    1.68

    193.1

    188.9

    1.22

    185.9

    182.6

    1.46

    190.3

    186.5

    6

    Delhi

    0.28

    176.5

    175.2

    5.64

    171.2

    171.7

    2.77

    171.5

    171.9

    7

    Goa

    0.14

    183.6

    183.1

    0.25

    181.9

    182.7

    0.19

    182.6

    182.9

    8

    Gujarat

    4.54

    193.4

    191.0

    6.82

    182.8

    179.9

    5.60

    187.4

    184.7

    9

    Haryana

    3.30

    200.3

    197.5

    3.35

    186.3

    184.7

    3.32

    193.7

    191.5

    10

    Himachal Pradesh

    1.03

    182.9

    180.9

    0.26

    187.4

    185.3

    0.67

    183.7

    181.7

    11

    Jharkhand

    1.96

    191.5

    186.7

    1.39

    193.6

    191.0

    1.69

    192.3

    188.3

    12

    Karnataka

    5.09

    200.2

    199.9

    6.81

    200.9

    201.2

    5.89

    200.6

    200.6

    13

    Kerala

    5.50

    204.2

    205.4

    3.46

    199.1

    200.3

    4.55

    202.4

    203.6

    14

    Madhya Pradesh

    4.93

    196.6

    193.4

    3.97

    196.0

    193.8

    4.48

    196.4

    193.6

    15

    Maharashtra

    8.25

    196.3

    193.8

    18.86

    188.2

    186.8

    13.18

    190.9

    189.1

    16

    Manipur

    0.23

    239.4

    233.9

    0.12

    193.0

    191.0

    0.18

    224.7

    220.3

    17

    Meghalaya

    0.28

    179.5

    177.8

    0.15

    187.3

    187.4

    0.22

    181.9

    180.8

    18

    Mizoram

    0.07

    207.7

    207.4

    0.13

    183.1

    181.9

    0.10

    192.7

    191.8

    19

    Nagaland

    0.14

    202.5

    201.1

    0.12

    187.7

    186.9

    0.13

    196.2

    195.1

    20

    Odisha

    2.93

    204.9

    201.3

    1.31

    191.8

    189.4

    2.18

    201.2

    198.0

    21

    Punjab

    3.31

    191.3

    189.4

    3.09

    181.8

    179.9

    3.21

    187.0

    185.1

    22

    Rajasthan

    6.63

    193.6

    192.0

    4.23

    191.3

    189.2

    5.51

    192.8

    191.0

    23

    Sikkim

    0.06

    205.9

    203.7

    0.03

    189.9

    189.0

    0.05

    200.7

    198.9

    24

    Tamil Nadu

    5.55

    204.2

    203.8

    9.20

    200.8

    200.2

    7.25

    202.2

    201.7

    25

    Telangana

    3.16

    207.3

    205.9

    4.41

    200.2

    199.4

    3.74

    203.4

    202.3

    26

    Tripura

    0.35

    216.5

    209.9

    0.14

    207.7

    203.4

    0.25

    214.2

    208.2

    27

    Uttar Pradesh

    14.83

    198.5

    194.9

    9.54

    193.8

    191.2

    12.37

    196.8

    193.6

    28

    Uttarakhand

    1.06

    190.8

    188.5

    0.73

    195.8

    193.7

    0.91

    192.7

    190.4

    29

    West Bengal

    6.99

    201.9

    198.2

    7.20

    195.1

    193.4

    7.09

    198.7

    195.9

    30

    Andaman & Nicobar Islands

    0.05

    206.1

    203.2

    0.07

    192.0

    191.8

    0.06

    198.9

    197.4

    31

    Chandigarh

    0.02

    195.8

    192.0

    0.34

    181.2

    179.3

    0.17

    182.0

    180.0

    32

    Dadra & Nagar Haveli

    0.02

    183.8

    182.2

    0.04

    190.5

    188.5

    0.03

    188.3

    186.4

    33

    Daman & Diu

    0.02

    200.6

    199.5

    0.02

    190.3

    189.0

    0.02

    196.3

    195.1

    34

    Jammu & Kashmir*

    1.14

    205.8

    204.7

    0.72

    199.6

    197.5

    0.94

    203.6

    202.2

    35

    Lakshadweep

    0.01

    199.9

    197.5

    0.01

    190.8

    185.5

    0.01

    195.2

    191.4

    36

    Puducherry

    0.08

    210.8

    208.1

    0.27

    199.4

    198.8

    0.17

    202.3

    201.2

    All India

    100.00

    198.4

    196.0

    100.00

    192.0

    190.6

    100.00

    195.4

    193.5

    Notes:

    1. Prov.:  Provisional

    2. –:  indicates the receipt of price schedules is less than 80% of allocated schedules and therefore indices are not compiled.

    3. *: Figures of this row pertain to the prices and weights of the combined Union Territories of Jammu & Kashmir

    and Ladakh (erstwhile State of Jammu & Kashmir).

    Annex IV

     

    Year-on-year inflation rates (%) of major@ States for Rural, Urban and Combined for January 2025 (Provisional) (Base: 2012=100)

     

    Sl. No.

    Name of the State/UT

    Rural

    Urban

    Combined

    Jan. 24 Index
    (Final)

    Jan. 25

    Index
    (Prov.)

    Inflation Rate
    (%)

    Jan. 24 Index
    (Final)

    Jan. 25

    Index
    (Prov.)

    Inflation Rate
    (%)

    Jan. 24 Index
    (Final)

    Jan. 25

    Index
    (Prov.)

    Inflation Rate
    (%)

    (1)

    (2)

    (3)

    (4)

    (5)

    (6)

    (7)

    (8)

    (9)

    (10)

    (11)

    1

    Andhra Pradesh

    191.4

    199.1

    4.02

    191.5

    199.2

    4.02

    191.4

    199.1

    4.02

    2

    Assam

    189.3

    198.4

    4.81

    186.4

    194.8

    4.51

    188.7

    197.7

    4.77

    3

    Bihar

    180.9

    189.7

    4.86

    188.0

    199.1

    5.90

    181.9

    191.1

    5.06

    4

    Chhattisgarh

    176.8

    188.9

    6.84

    175.2

    182.6

    4.22

    176.2

    186.5

    5.85

    5

    Delhi

    169.9

    175.2

    3.12

    168.4

    171.7

    1.96

    168.5

    171.9

    2.02

    6

    Gujarat

    183.9

    191.0

    3.86

    173.2

    179.9

    3.87

    177.8

    184.7

    3.88

    7

    Haryana

    187.1

    197.5

    5.56

    176.6

    184.7

    4.59

    182.2

    191.5

    5.10

    8

    Himachal Pradesh

    173.6

    180.9

    4.21

    178.2

    185.3

    3.98

    174.4

    181.7

    4.19

    9

    Jharkhand

    183.3

    186.7

    1.85

    184.1

    191.0

    3.75

    183.6

    188.3

    2.56

    10

    Karnataka

    190.0

    199.9

    5.21

    191.8

    201.2

    4.90

    191.0

    200.6

    5.03

    11

    Kerala

    191.4

    205.4

    7.31

    189.3

    200.3

    5.81

    190.7

    203.6

    6.76

    12

    Madhya Pradesh

    183.9

    193.4

    5.17

    187.5

    193.8

    3.36

    185.4

    193.6

    4.42

    13

    Maharashtra

    188.9

    193.8

    2.59

    179.9

    186.8

    3.84

    182.9

    189.1

    3.39

    14

    Odisha

    188.5

    201.3

    6.79

    182.0

    189.4

    4.07

    186.7

    198.0

    6.05

    15

    Punjab

    180.6

    189.4

    4.87

    173.7

    179.9

    3.57

    177.5

    185.1

    4.28

    16

    Rajasthan

    184.3

    192.0

    4.18

    183.3

    189.2

    3.22

    183.9

    191.0

    3.86

    17

    Tamil Nadu

    193.4

    203.8

    5.38

    191.3

    200.2

    4.65

    192.2

    201.7

    4.94

    18

    Telangana

    201.2

    205.9

    2.34

    195.2

    199.4

    2.15

    197.9

    202.3

    2.22

    19

    Uttar Pradesh

    185.5

    194.9

    5.07

    184.3

    191.2

    3.74

    185.1

    193.6

    4.59

    20

    Uttarakhand

    180.6

    188.5

    4.37

    183.4

    193.7

    5.62

    181.6

    190.4

    4.85

    21

    West Bengal

    191.0

    198.2

    3.77

    187.9

    193.4

    2.93

    189.5

    195.9

    3.38

    22

    Jammu & Kashmir*

    194.3

    204.7

    5.35

    190.2

    197.5

    3.84

    192.9

    202.2

    4.82

    All India

    187.3

    196.0

    4.64

    183.5

    190.6

    3.87

    185.5

    193.5

    4.31

    Notes:

    1. Prov.     :  Provisional.

    2. *               : Figures of this row pertain to the prices and weights of the combined Union Territories of Jammu &                            Kashmir and Ladakh (erstwhile State of Jammu & Kashmir).

    3. @               : States having population more than 50 lakhs as per Population Census 2011.

     

    Annexure V

    Time Series Data for All India General CPI (Base 2012 =100) Since January 2013

     

    Year

    Jan

    Feb

    Mar

    Apr

    May

    Jun

    Jul

    Aug

    Sep

    Oct

    Nov

    Dec

    2013

    104.6

    105.3

    105.5

    106.1

    106.9

    109.3

    111.0

    112.4

    113.7

    114.8

    116.3

    114.5

    2014

    113.6

    113.6

    114.2

    115.1

    115.8

    116.7

    119.2

    120.3

    120.1

    120.1

    120.1

    119.4

    2015

    119.5

    119.7

    120.2

    120.7

    121.6

    123.0

    123.6

    124.8

    125.4

    126.1

    126.6

    126.1

    2016

    126.3

    126.0

    126.0

    127.3

    128.6

    130.1

    131.1

    131.1

    130.9

    131.4

    131.2

    130.4

    2017

    130.3

    130.6

    130.9

    131.1

    131.4

    132.0

    134.2

    135.4

    135.2

    136.1

    137.6

    137.2

    2018

    136.9

    136.4

    136.5

    137.1

    137.8

    138.5

    139.8

    140.4

    140.2

    140.7

    140.8

    140.1

    2019

    139.6

    139.9

    140.4

    141.2

    142.0

    142.9

    144.2

    145.0

    145.8

    147.2

    148.6

    150.4

    2020

    150.2

    149.1

    148.6

    151.4

    150.9

    151.8

    153.9

    154.7

    156.4

    158.4

    158.9

    157.3

    2021

    156.3

    156.6

    156.8

    157.8

    160.4

    161.3

    162.5

    162.9

    163.2

    165.5

    166.7

    166.2

    2022

    165.7

    166.1

    167.7

    170.1

    171.7

    172.6

    173.4

    174.3

    175.3

    176.7

    176.5

    175.7

    2023

    176.5

    176.8

    177.2

    178.1

    179.1

    181.0

    186.3

    186.2

    184.1

    185.3

    186.3

    185.7

    2024

    185.5

    185.8

    185.8

    186.7

    187.7

    190.2

    193.0

    193.0

    194.2

    196.8

    196.5

    195.4

    2025

    193.5*

    Notes:

    1. * :Index Value for January 2025  is  Provisional.

    Annexure VI

     

    Time Series Data for All India Year-on-year inflation rates (%) based on General CPI (Base 2012=100) Since January 2014

     

    Year

    Jan

    Feb

    Mar

    Apr

    May

    Jun

    Jul

    Aug

    Sep

    Oct

    Nov

    Dec

    2014

    8.60

    7.88

    8.25

    8.48

    8.33

    6.77

    7.39

    7.03

    5.63

    4.62

    3.27

    4.28

    2015

    5.19

    5.37

    5.25

    4.87

    5.01

    5.40

    3.69

    3.74

    4.41

    5.00

    5.41

    5.61

    2016

    5.69

    5.26

    4.83

    5.47

    5.76

    5.77

    6.07

    5.05

    4.39

    4.20

    3.63

    3.41

    2017

    3.17

    3.65

    3.89

    2.99

    2.18

    1.46

    2.36

    3.28

    3.28

    3.58

    4.88

    5.21

    2018

    5.07

    4.44

    4.28

    4.58

    4.87

    4.92

    4.17

    3.69

    3.70

    3.38

    2.33

    2.11

    2019

    1.97

    2.57

    2.86

    2.99

    3.05

    3.18

    3.15

    3.28

    3.99

    4.62

    5.54

    7.35

    2020

    7.59

    6.58

    5.84

    –

    –

    6.23

    6.73

    6.69

    7.27

    7.61

    6.93

    4.59

    2021

    4.06

    5.03

    5.52

    4.23

    6.30

    6.26

    5.59

    5.30

    4.35

    4.48

    4.91

    5.66

    2022

    6.01

    6.07

    6.95

    7.79

    7.04

    7.01

    6.71

    7.00

    7.41

    6.77

    5.88

    5.72

    2023

    6.52

    6.44

    5.66

    4.70

    4.31

    4.87

    7.44

    6.83

    5.02

    4.87

    5.55

    5.69

    2024

    5.10

    5.09

    4.85

    4.83

    4.80

    5.08

    3.60

    3.65

    5.49

    6.21

    5.48

    5.22

    2025

    4.31*

    Notes:

    1. * :Inflation Value for January  2025  is Provisional.

    2. – :Inflation was not compiled and released due to Covid-19 pandemic outbreak. 

    Click here to Download PDF:

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    MIL OSI Asia Pacific News –

    February 13, 2025
  • MIL-OSI Europe: JOINT MOTION FOR A RESOLUTION on the escalation of violence in the eastern Democratic Republic of the Congo – RC-B10-0102/2025

    Source: European Parliament

    Ingeborg Ter Laak, Michael Gahler, Lukas Mandl, Sebastião Bugalho, Wouter Beke
    on behalf of the PPE Group
    Yannis Maniatis, Marit Maij
    on behalf of the S&D Group
    Waldemar Tomaszewski, Joachim Stanisław Brudziński, Cristian Terheş
    on behalf of the ECR Group
    Hilde Vautmans, Abir Al‑Sahlani, Petras Auštrevičius, Malik Azmani, Dan Barna, Benoit Cassart, Olivier Chastel, Engin Eroglu, Raquel García Hermida‑Van Der Walle, Ľubica Karvašová, Ilhan Kyuchyuk, Jan‑Christoph Oetjen, Urmas Paet, Marie‑Agnes Strack‑Zimmermann, Yvan Verougstraete
    on behalf of the Renew Group
    Sara Matthieu
    on behalf of the Verts/ALE Group
    Marc Botenga, Rudi Kennes, Manon Aubry, Rima Hassan, Damien Carême
    on behalf of The Left Group
    European Parliament resolution on the escalation of violence in the eastern Democratic Republic of the Congo

    (2025/2553(RSP))

    The European Parliament,

    – having regard to its previous resolutions on the Democratic Republic of the Congo (DRC),

    – having regard to the statement by the High Representative of the Union for Foreign Affairs and Security Policy on behalf of the EU of 25 January 2025 on the latest escalation in eastern DRC,

    – having regard to the statement by G7 foreign ministers of 2 February 2025 on the escalation of violence in the eastern Democratic Republic of the Congo,

    – having regard to the press statement of the UN Security Council of 26 January 2025 on the situation in the Democratic Republic of the Congo,

    – having regard to the special session of the UN Human Rights Council of 7 February 2025 on the human rights situation in the east of the Democratic Republic of the Congo,

    – having regard to the communiqué of the Peace and Security Council of the African Union of 28 January 2025 on the recent developments in the eastern Democratic Republic of Congo,

    – having regard to the Convention on the Elimination of all Forms of Discrimination against Women of 18 December 1979,

    – having regard to the Partnership Agreement of 15 November 2023 between the European Union and its Member States, of the one part, and the Members of the Organisation of African, Caribbean and Pacific States, of the other part[1],

    – having regard to Rule 136(2) and (4) of its Rules of Procedure,

    A. whereas in January 2025, the armed rebel group M23, backed by Rwandan forces, further advanced in the eastern DRC and seized the regional capital city of Goma; whereas violence between rebel groups and the Congolese army increased sharply, causing a high number of civilian casualties; whereas an estimated 3 000 deaths occurred during the offensive on Goma; whereas approximately 800 000 internally displaced people were sheltering at that time in densely populated displacement sites around the city;

    B. whereas M23 announced a unilateral ceasefire to begin on 4 February 2025; whereas fighting has nonetheless continued, Goma airport remains closed, air traffic management equipment is damaged and humanitarian access is still limited; whereas there are reports that the mining town of Nyabibwe in South Kivu has been captured by M23; whereas M23 leaders have declared their intention to continue advancing in the DRC; whereas the latest advances of M23 mark an alarming escalation of the devastating conflict in the eastern DRC, a violation of territorial integrity and an escalation in violence, leading to a dire humanitarian crisis, human rights violations and the further destabilisation of the country;

    C. whereas the region has been plagued by decades of cyclical violence, causing a security and humanitarian crisis; whereas after a ceasefire that lasted several years, the M23 fighters took up arms again at the end of 2021; whereas martial law has been in force since 2021 in the eastern DRC and the civilian government has been replaced by the military; whereas the M23 forces have been expanding their presence in the eastern DRC, setting up new governance administrations and taxation systems, establishing military training camps and exporting minerals directly to Rwanda; whereas the long-term consequences of the terrible 1994 Rwandan genocide against the Tutsi are still fuelling violence, hatred and forced displacements today;

    D. whereas on 23 and 24 January 2025, M23 fired on positions of the United Nations Organization Stabilization Mission in the DRC (MONUSCO), which resulted in the deaths of 13 peacekeepers deployed with MONUSCO and the peacekeeping mission led by the Southern African Development Community (SADC);

    E. whereas the UN Group of Experts concluded in its June 2024 report that the deployment of the Rwanda Defence Forces (RDF) ‘violates the sovereignty and territorial integrity of the Democratic Republic of the Congo’ and that the RDF’s ‘de facto control and direction over M23 operations also renders Rwanda liable for the actions of M23’;

    F. whereas the seizing of Goma has led to significant displacement of civilians; whereas over 500 000 people are estimated to have been displaced since early January 2025; whereas thousands of Congolese people had previously fled to the city to escape violence and have been further driven from camps for internally displaced people into makeshift tents or forced to sleep out in the open; whereas the safety of internally displaced people is now seriously threatened, with women and girls suffering disproportionately;

    G. whereas the deputy head of the UN peacekeeping force based in Goma has reported on the mass rape and killing of women inmates inside Goma’s Munzenze prison, and it is estimated that hundreds of women were raped and many burned alive in the prison;

    H. whereas women and girls in the DRC face increased levels of sexual and gender-based violence, resulting in there being one victim of rape every four minutes; whereas the staff of Panzi Hospital in Bukavu, which receives many survivors of sexual violence, is alarmed about the deteriorating security situation in the area and about the security of the staff and patients in Panzi Hospital itself;

    I. whereas the seizure of Goma triggered violent protests in Kinshasa, with dozens of protesters attacking embassies and calling on the international community to halt the advance of M23;

    J. whereas the conflict in the DRC is at risk of regional spillover; whereas a peacekeeping deployment from the East African Community Regional Forces withdrew in 2023; whereas the SADC deployed a peacekeeping mission to the DRC in December 2023 with troops from South Africa, Tanzania and Malawi; whereas at least 20 peacekeepers were killed during the M23 advance on Goma; whereas on 6 February 2025, Malawi announced the withdrawal of its troops from this mission;

    K. whereas it is widely acknowledged that Rwanda is active in the conflict in the eastern DRC, including through its de facto control of M23, to which it supplies weapons, logistical support and troops; whereas UN experts estimate that there are between 3 000 and 4 000 Rwandan troops operating with M23;

    L. whereas North Kivu is a resource-rich region, with vast supplies of critical raw materials including cobalt, gold and tin, which are necessary for the global digital and energy transition; whereas Goma is a major transport and trading hub for the export of minerals; whereas the UN estimates that around 120 tonnes of coltan are being moved by M23 to Rwanda each month; whereas UN experts further estimate that M23 is financed by around EUR 288 000 per month generated through its control of the mineral trade in the DRC; whereas the rebel groups often recruit child soldiers in a blatant violation of international law and humanity;

    M. whereas the International Criminal Court (ICC) investigations in the DRC have focused on alleged war crimes and crimes against humanity committed mainly in the eastern DRC, in the Ituri region and the North and South Kivu Provinces, since 1 July 2002; whereas the DRC made a second referral to the ICC in May 2023 concerning alleged crimes committed in North Kivu since 1 January 2022;

    N. whereas on 8 February 2025 at a joint summit in Tanzania’s capital Dar es Salaam, the regional blocs of southern Africa, the SADC, and eastern Africa, the East African Community (EAC), called for an immediate and unconditional ceasefire, demanded the withdrawal of uninvited foreign armed forces from the DRC territory, urged all warring parties to hold peace talks within five days, and demanded the reopening of Goma airport and other key routes to facilitate humanitarian aid; whereas the African Union is set to address the matter at a meeting in Addis Ababa on 14 February 2025; whereas other mediation efforts are ongoing, notably by France, which aims to bring all actors to the negotiation table;

    O. whereas the Foreign Affairs Council of the Council of the EU is expected to exchange views on the situation in the DRC on 24 February 2025;

    P. whereas between 2021 and 2024, the EU provided EUR 260 million in funding to Rwanda, with an additional EUR 900 million pledged under the Global Gateway strategy; whereas following the latest developments in the eastern DRC, the EU declared that it stood ready to boost emergency assistance, particularly for the newly displaced populations in and around Goma, and on 28 January 2025, the Commission announced new humanitarian support for the DRC with an initial amount of EUR 60 million for 2025; whereas the EU is trying to intensify its presence in the region, including through its recent support for the ‘Green Corridor Kivu-Kinshasa’ programme via a Global Gateway initiative, which aims to help establish a sustainable 2 600 km corridor connecting the eastern DRC to Kinshasa and the Atlantic Coast, covering 540 000 km2;

    Q. whereas the EU has formed raw materials partnerships with several countries, including the DRC, Rwanda and other countries in the region; whereas these partnerships are focused on, among other things, advancing due diligence and traceability, cooperation in fighting against the illegal trafficking of raw materials, and alignment with international environmental, social and governance standards; whereas Parliament, unlike the Council, was not given the opportunity by the Commission to share its political assessment of the decision to negotiate a Memorandum of Understanding (MoU) with Rwanda or to provide technical feedback on the draft MoU;

    R. whereas the DRC Foreign Affairs Minister Thérèse Kayikwamba Wagner and Nobel Prize laureate Denis Mukwage briefed Parliament on 5 February 2025, at an extraordinary meeting of the Delegation to the Africa-EU Parliamentary Assembly (DAFR) and the Committee on Development, on the occupation of the eastern DRC and the dire humanitarian impact on the local population and internally displaced people;

    S. whereas the Council appointed Johan Borgstam as the EU Special Representative for the Great Lakes Region on 1 September 2024; whereas on 30 January 2025, DAFR organised an extraordinary hearing with the EU Special Representative and Bintou Keita, Head of MONUSCO;

    T. whereas prior to recent developments, the DRC faced one of the largest displacement crises in Africa, with 6.7 million internally displaced persons, including 4.6 million in South and North Kivu; whereas the DRC also hosts over 520 000 refugees and asylum seekers from neighbouring countries, while 1.1 million refugees from the DRC are being hosted in neighbouring countries in the region, more than half of them in Uganda; whereas the recent surge in violence has internally displaced over half a million people since the beginning of the year; whereas given the severe overcrowding in the displacement sites where people remain and the lack of water, sanitation and hygiene infrastructure, the risk of a cholera outbreak is extremely high, along with that of a rapid spread of the Mpox epidemic;

    1. Strongly condemns the occupation of Goma and other territories in the eastern DRC by M23 and the RDF as an unacceptable breach of the DRC’s sovereignty and territorial integrity; urges the Rwandan Government to withdraw its troops from DRC territory, as they are in clear violation of international law and the UN Charter, and to cease cooperation with the M23 rebels; demands that Rwanda and all other potential state actors in the region cease their support for M23;

    2. Strongly condemns the indiscriminate attacks with explosive weapons in populated areas of North Kivu by all parties, including on displacement camps and other densely populated areas near Goma, as well as the unlawful killings, rapes and other apparent war crimes, forced labour, forced recruitment and other abusive practices committed by M23 with the support of the RDF and by the armed forces of the DRC, the FARDC;

    3. Is appalled by the shocking use of sexual violence against women and girls as a tool of repression and weapon of war in the eastern DRC as well as the unacceptable recruitment of child soldiers by the various rebel groups; demands that these matters be addressed by the international community without delay; strongly reiterates that any attack against UN-mandated forces is inexcusable and might be considered a war crime;

    4. Calls for an immediate end to the violence, particularly the mass killings and the use of rape as a strategic weapon of war; calls on the DRC and Rwanda to investigate and appropriately prosecute those responsible for war crimes, including sexual violence, under the principle of command responsibility;

    5. Is extremely concerned by the critical humanitarian situation in the country; calls for the immediate reopening of Goma airport to re-establish humanitarian operations and bring in supplies via the airport and the land border; calls for the creation and immediate opening of humanitarian corridors and for all parties, including armed groups operating in the eastern DRC, to allow and facilitate full humanitarian access based on needs and humanitarian principles, including ensuring that civilians and displaced people are not denied access to items essential for their survival;

    6. Emphasises that humanitarian workers must be able to operate safely to deliver life-saving assistance to Congolese civilians, and that the safety of medical facilities must be preserved; stresses that this is a central obligation under international humanitarian law, and that perpetrators violating these obligations should be held to account; underlines that Rwanda and the neighbouring countries have a special responsibility to facilitate humanitarian access to the region;

    7. Strongly condemns the attack on diplomatic institutions of the EU, its Member States and civil society organisations, such as political foundations in Kinshasa; underlines that the protection of civilians and diplomatic staff must be guaranteed;

    8. Expresses concern over the lack of coherence in the EU response to the Great Lakes region’s crises and calls on the Council to reassess the implementation of its renewed EU Great Lakes strategy; recalls that the EU and its special representative for the region are ready to assist all mediation efforts;

    9. Welcomes the increased humanitarian support pledged by the EU, notes that this still falls far short of meeting the basic needs for food, water, medical assistance and shelter in the eastern DRC, especially in the light of the recent termination of support from the United States Agency for International Development (USAID); calls on the Commission and the international community to significantly step up financial support for urgent and life-saving assistance;

    10. Regrets that the EU has not taken appropriate measures to sufficiently address the crisis and effectively press Rwanda to end its support for M23, and that it has instead taken steps – including the signing in February 2024 of an MoU on sustainable raw materials value chains without sufficiently discussing the conflict, and the decision to top up support for Rwanda’s deployment in Mozambique under the European Peace Facility (EPF) – that have failed to demonstrate sufficient safeguards and that have contributed to sending an inconsistent message to the Rwandan authorities;

    11. Urges the Commission and the Council to immediately suspend the EU-Rwanda MoU on sustainable raw materials value chains until Rwanda proves that it is ceasing its interference and its exportation of minerals mined from M23-controlled areas; calls on all actors to increase transparency and to effectively ban the entry of all blood minerals into the EU;

    12. Calls on the Commission to render the future re-activation of cooperation on critical raw materials conditional upon Rwanda joining the Extractive Industries Transparency Initiative, which the DRC is already part of;

    13. Calls on the Commission and the Member States to ensure that the current Conflict Minerals Regulation[2] is strongly enforced and on the Commission to propose a revision of the EU rules, with the aim of ensuring the highest standards of traceability and transparency;

    14. Notes that parliamentary oversight and civil society involvement in the preparation, signing and implementation of raw material MoUs and roadmaps are essential for an inclusive process with adequate scrutiny, and must become part of the MoU;

    15. Calls on the Commission, the Member States and the international financial institutions to freeze direct budget support to Rwanda subject to it meeting conditions on, among other things, humanitarian access and the breaking of all links with M23; urges the Commission and the Member States to freeze their military and security assistance to the Rwandan armed forces to ensure that they do not contribute directly or indirectly to abusive military operations in the eastern DRC; calls strongly, in particular, for a review of the EU’s renewed support under the EPF to ensure that troops deployed in northern Mozambique and benefiting from EPF support, as well as their commanders, have been properly vetted and have not been involved in the eastern DRC or in other human rights violations, with a view to suspending the support if it is found to contribute directly or indirectly to abusive military operations in the eastern DRC;

    16. Urges the Commission and all Member States to ban the transfer of weapons to the Rwandan forces and M23 and to ensure greater transparency of trade in EU weapons;

    17. Urges the Council to expand sanctions against senior M23 commanders, leaders of other armed groups and senior officials from the DRC and Rwanda, including Major-General Eugene Nkubito, the commander of the RDF’s 3rd Division Major-General Ruki Karusisi, RDF Special Force Commander, and Major-General Emmy K. Ruvusha, Commander of the Rwanda Security Forces, all identified in the June 2024 report of the UN Group of Experts and in reports from other countries across the region as being responsible for or complicit in recent serious abuses by their forces or those for which they have command responsibility;

    18. Urges the European External Action Service (EEAS), the Member States and the Government of the DRC to take immediate action to prevent sexual violence and improve care for survivors, including by adapting the national legal framework to guarantee access to medical abortion care; draws attention to the health needs of pregnant women, notably those who are displaced and out of reach of medical support; calls on the EEAS and the Member States to further prioritise the disbursement of humanitarian support for women and girls in the region;

    19. Calls on the Commission to continue supporting anti-corruption efforts and the strengthening of governance in the DRC;

    20. Commends the Prosecutor of the ICC’s announcement that the ICC will continue to investigate alleged crimes committed by any person, irrespective of affiliation or nationality; reiterates the EU’s unwavering support for the ICC and calls on the Council and Commission to fulfil their obligations to ensure the functioning and effectiveness of the ICC;

    21. Reiterates its full support for MONUSCO in protecting civilians and stabilising the region; urges the EU to cooperate with all actors on the ground, in particular MONUSCO, to ensure the protection of civilians in the eastern DRC; calls on the UN to work towards a stronger mandate for MONUSCO in order to enable peacemaking; calls on the UN to ensure the protection of civilians and respect for international humanitarian law, particularly given the increased risk of gender-based violence, and to preserve the safety of humanitarian staff, health workers and medical facilities;

    22. Calls on the UN to take immediate and specific measures to protect Panzi Hospital and its patients and staff;

    23. Welcomes the special session of the UN Human Rights Council of 7 February 2025 on the human rights situation in the east of the DRC; supports the establishment of an independent commission of inquiry into serious violations committed since January 2022;

    24. Reiterates its condemnation of hate speech and xenophobia, as well as ethnic-based politics; underlines that all those responsible for sustaining armed conflict, instability and insecurity in the DRC must be held accountable;

    25. Is concerned about the consequences of Russian interference in the conflict and more widely in the region, and about the increasing presence of disinformation campaigns; condemns, in particular, efforts by Russia to foster anti-Western sentiment through the dissemination of fake news on social media about Western players;

    26. Expresses its concern about the increasing presence of Chinese actors in the mining sector of the DRC and the region acting without respect for economic and social responsibilities, and recalls that European industries and companies in the region will only have long-term security of supply if a long-lasting and peaceful solution to the conflict is found;

    27. Recalls that only an inclusive and regional approach will be able to address and tackle the multifaceted, long-standing problems in the region; strongly welcomes the joint SADC and EAC peace summit in Dar es Salaam on 8 February 2025; reiterates, in this regard, its full support for the Luanda and Nairobi processes and calls upon all Great Lake countries, in particular the DRC and Rwanda, to urgently pursue negotiations within these frameworks; emphasises that any solution must also address the root causes of the conflict, including, but not limited to, the illicit trafficking of natural resources; calls on the Commission and the Member States to fully support national and regional initiatives, such as the initiative of the Congolese Catholic and Protestant leaders, and the Luanda Process; underlines that regional organisations, such as the African Union, the SADC and the EAC, must play a central role in all of these efforts; underlines also that a lasting solution requires a reform of the DRC security sector, with a better organised DRC army and administration;

    28. Calls on the international community and all actors involved to use the Addis Ababa framework agreement and to organise an international conference for peace in the eastern DRC and the Great Lakes region; stresses that this ‘Business for Peace’ conference will have the unique feature of having the private sector around the peace negotiation table, since the war is about strategic minerals; underlines that business people can have significant leverage to push their countries to act for peace; believes that the business for peace approach can help us move forward in finding a solution;

    29. Calls for the cancellation of the 2025 International Cycling Union (UCI) Road World Championships in Kigali if Rwanda does not change course;

    30. Instructs its President to forward this resolution to the Council, the Commission, the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy, the Government and Parliament of Rwanda and of the Democratic Republic of the Congo, the African Union, the secretariats of the United Nations Organization Stabilization Mission in the Democratic Republic of the Congo, the Southern African Development Community and the East African Community, and other relevant international bodies.

    MIL OSI Europe News –

    February 13, 2025
  • MIL-OSI Europe: Press release – Parliament green lights update of VAT rules to make them fit for digital times

    Source: European Parliament 3

    The update will notably require that VAT be paid for services provided through online platforms, putting an end to an unfair distortion of competition. It will also fight VAT fraud.

    On Wednesday, Parliament’s plenary approved the changes to the rules that member states indicated in November they wished to make to the VAT Directive. MEPs approved the rules with 589 votes in favour, 42 against and 10 abstentions.

    These changes will require that by 2030 online platforms must pay VAT for services provided through them in most of the cases where the individual service providers do not charge VAT. This will put an end to a distortion of the market because similar services provided in the traditional economy are already subject to VAT. This distortion has been most significant in the short-term accommodation rental sector and the road passenger transport sector. Member states will have the possibility of exempting SMEs from this rule, an idea which Parliament had also pushed.

    The update will also fully digitalise VAT reporting obligations for cross-border transactions by 2030 with businesses issuing e-invoices for cross-border business-to-business transactions and automatically reporting the data to their tax administration. With this, tax authorities should be in a better position to tackle VAT fraud.

    To simplify the administrative burden for businesses, the rules beef-up online VAT one-stop-shops so that even more businesses with cross-border activity will be able to meet their VAT obligations through a single online portal and in one language.

    Background

    This update to the VAT rules has been over two years in the making. On 8 December 2022, the Commission presented the ‘VAT in the digital age’ package (ViDA package) which consisted of three proposals. One of these was the update to the VAT directive of 2006.

    The Commission has calculated that Member States will recoup up to €11 billion in lost VAT

    revenues every year for the next 10 years. Businesses will save €4.1 billion a year over the next 10 years in compliance costs, and €8.7 billion in registration and administrative costs over a ten year period.

    MIL OSI Europe News –

    February 13, 2025
  • MIL-OSI Russia: “It’s better not to postpone a good deed”: the winners of the NIRS-2024 competition were awarded

    Translartion. Region: Russians Fedetion –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    On February 10, the HSE hosted an awards ceremony for the winners and laureates of the 2024 Best Student Research Paper Competition. 1,916 papers were submitted to the competition, 320 people became winners and laureates, and the awards ceremony was held in four sections: social sciences, economic and managerial sciences, exact sciences, humanities, and creative industries.

    “An achievement to build on”

    The winners and laureates of the social sciences section were congratulated by the first vice-rector of the National Research University Higher School of Economics Vadim Radaev. He said that the audience included those who had started doing research while still students, and noted: “You did the right thing: it is better not to postpone a good deed.”

    Vadim Radaev recalled that the NIS competition was first held in 2003 in five areas, and now there are 25 of them, with students not only from HSE but also from other Russian universities participating. Each application was read by at least two experts, there were more than a thousand of them in total, and they did this voluntarily and free of charge. The First Vice-Rector also thanked the experts and organizers of the competition.

    First Vice Dean Faculty of Social Sciences Mikhail Mironyuk called winning the competition an achievement that he should build on in his future studies and career: enroll in master’s and postgraduate programs, find work in laboratories and research institutes.

    Deputy Dean for Research Faculty of Law Alexander Larichev reported that the competition included research on various sections of jurisprudence, as well as interdisciplinary research. “Your works contain a fresh, non-trivial view, and this allows us to achieve new interesting results,” he added.

    “We were able to convince the experts”

    Vice-Rector of the National Research University Higher School of Economics Sergey Roshchin spoke at the section on economic and managerial sciences. He called the victory in the research competition no less important than receiving a university diploma.

    “I am glad that among the winners of the NRS competition are students and graduates not only of HSE, but also of other universities. It is important to understand that beyond your usual environment there is a community that is moving in the same direction, solving similar problems and, perhaps, ahead of you in some ways,” the vice-rector added.

    Dean Faculty of Economic Sciences Sergey Pekarsky said that the competencies demonstrated by the winners and laureates of the NIRS competition are needed always and everywhere. One of them is the ability to persuade: they were able to convince the experts that their works are the best.

    According to the deputy director Higher School of Business HSE Igor Tsarkov, despite the importance of applied work in the field of management, “there is no more practical thing than a good theory,” and the NIRS competition contains many works completed in accordance with research canons. Associate Professor St. Petersburg School of Economics and Management Irina Sizova emphasized that the students demonstrated the ability not only to work with data, but also to collect it.

    First Vice Dean Faculty of World Economy and World Politics Igor Kovalev recalled that the competition participants achieved success with the support of their scientific supervisors, and advised not to lose contact with them.

    “The moment of triumph of the mind”

    Opening the section on humanities and creative industries, Ivan Gruzdev, Director of Internal Research and Academic Student Development at HSE, called the award ceremony for winners and laureates “a moment of triumph of the mind,” since the smartest students are sitting in the audience.

    Dean Faculty of Humanities Felix Azhimov stated that engineering and natural science disciplines are a priority all over the world today, but humanities are still in great demand. This cannot be explained by “escape from mathematics” (especially since, for example, linguists need it). The reason for the interest is different. By studying the humanities, a person demonstrates his best moral qualities, including honesty and willingness to take responsibility.

    Scientific and technological progress is certainly of decisive importance, the director clarified. Institute of Media Faculty of Creative Industries Ernest Matskyavichyus, but if there are no humanities scholars, who will tell people that it has taken place? At the same time, it is important for media workers not to turn into “pure artisans”, they value the fundamental knowledge that is provided at the HSE. In his opinion, students here conduct research, demonstrating a new view, in which there are fewer prejudices, more courage and drive.

    Deputy Dean for Research St. Petersburg School of Humanities and Arts Renata Goroshkova said that the winners and laureates of the NIRS competition are on the right path, which is “not always easy and not strewn with diamonds,” but, in her opinion, “the most interesting of all possible.”

    Feedback and recognition

    At the exact sciences section, HSE Vice-Rector Elena Odoevskaya asked students about their impressions of the NIRS competition. During an informal conversation, it became clear, in particular, that for them the competition is an opportunity to receive not only feedback, but also recognition that they are interested in participating in the HSE students and young scientists academic development project “Republic of Scientists“.

    “I would really like our partnership not to end with a diploma from the research competition and a beautiful photograph, so that you establish communication with scientists and the university administration, so that you can continue to remain in our wonderful science,” said Elena Odoevskaya. In her opinion, it is important to retain each winner and laureate of the competition in the scientific field.

    Dean Faculty of Chemistry Vitaly Kotov emphasized that HSE holds various scientific competitions for students, and if at the NIRS competition research is assessed anonymously, then at another competition, organized by the Faculty of Chemistry, participants first present their work on stands, and then give flash reports.

    Answering the question of the first vice-dean Faculty of Computer Science Tamara Voznesenskaya, what qualities a scientist should have, the students named patience, critical thinking and curiosity. She, in turn, noted that people who are characterized by curiosity find it difficult to do routine work in companies even for big money, and spoke about the opportunities for development in the scientific field.

    “The Turning Point”

    Every year, students from different campuses of the HSE participate in the research competition, and in 2024, representatives of the St. Petersburg campus achieved significant success. In the Management program, they took almost all the prizes. Among them are students of the bachelor’s program “International Business and Management“Sofia Ilyakova and Shahzodakhon Shavkatjon kizi Botirova, who took first place.

    “Our research focuses on the factors that influence the success of crowdfunding campaigns in the Russian film industry on the Planeta.ru platform. We examined two levels of campaign success – reaching 50% and 100% of the target amount, showing that success depends on the number of people who supported the project, the duration of the campaign and the stated goal. We also developed recommendations for managers in the film industry,” said Sophia.

    In the Psychology category, third place was taken by students from the Master’s programData Analytics for Business and Economics» Ekaterina Kalganova and Daria Levanovich. They studied the impact of participation in events held in coworking spaces on the formation of team creativity of employees.

    “My future plans include developing and deepening this research. I am also attracted by the prospect of publishing an article in one of the scientific journals. I am sure that winning a prize in the competition will be a turning point in my academic development,” Ekaterina noted.

    In the category “World Economy”, a student from China, Wang Jinhai, distinguished himself by taking first place. He also became a laureate in the category “Finance”. At the St. Petersburg campus, he is studying in the master’s program “Global and Regional History” and is convinced that science is his calling.

    “My research interests are quite broad. I am currently working on several other studies, the topics of which are interesting in the Russian context, and I have already submitted several articles to leading journals devoted to social sciences. I hope that winning the NIRS competition will help me interact with Russian scientists and contribute to a better understanding of their approaches to studying economics and finance,” Wang Jinhai noted.

    “Participation is already a success”

    Second place in the direction of “Urban studies, urban and transport planning” was taken by fourth-year students of the bachelor’s program “Urban planning» Zoya Ermokhina, Elizaveta Dekkusheva, Anna Kochetkova, Dmitry Moiseyev and Amira Tsarbaeva. The team was formed in the second year, and since then they have been writing scientific papers together.

    Their research for the research competition was devoted to the topic of anniversaries as drivers of urban space modernization. “The topic was suggested by our scientific supervisor Anton Valerievich Gorodnichev, and we compared 11 cases of holding anniversaries in Russia, starting with the millennium of Kazan in 2005 and ending with the millennium of Suzdal in 2024. We identified three types of modernization: an image anniversary, that is, transformations for the promotion of the city, an anniversary for solving local problems, and a mixed type,” explains Amira.

    “Our work is unique because no one before us has considered an anniversary as a modernization process. But an anniversary changes the urban space: new objects are built, infrastructure is created, improvements are carried out,” adds Dmitry. According to Elizaveta, they heard about the NRS competition from the first days of their studies at the HSE. “Even participating in it is already a success,” she says.

    Student of the Master’s program “Systems and software engineering» Ilya Derezovsky took third place in the Computer Science category. “This is my first experience of participating in a research competition, as well as the experience of writing my first serious scientific publication. Therefore, winning the competition was doubly unexpected and pleasant,” he says.

    The young scientist conducted a study in which he had to come up with an informative, visual and aesthetic way to visualize data as part of one of his projects NUL process-oriented information systems under the supervision of Alexey Mitsyuk, a senior research fellow at this laboratory and deputy dean for research at the Faculty of Computer Science. Ilya notes that he received positive experience in scientific work and the desire to continue developing in the academic environment thanks to the support of his colleagues at the laboratory.

    “The atmosphere of HSE’s scientific laboratories is unique, charged with the energy of people interested in their topic, incredibly valuable experience, support and knowledge. HSE is the best place to try yourself in science, and the research is one of the most significant events at the university, where many young researchers begin their careers,” says Ilya Derezovsky.

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

    MIL OSI Russia News –

    February 13, 2025
  • MIL-OSI Economics: Samsung Launches Unique Community-Led Programme “Galaxy empowered” To Upskill 20,000 Teachers by 2025

    Source: Samsung

     
    Samsung, India’s largest consumer electronics brand, has announced the launch of “Galaxy empowered”, a one-of-a-kind community-led programme designed to transform education in India by empowering teachers, principals, and administrators in the education sector.
     
    The initiative, launched in the presence of Abhinav Bindra, legendary shooter and 2008 Olympic Gold Medallist, aims to build a culture of innovation and inspire creativity in education by integrating technology into teaching practices. It will prepare teachers for the classrooms of tomorrow through recurring on-ground and online learning events. As a global leader in technology, Samsung is committed to shaping the future of education by creating future-ready classrooms that will help teachers embrace the latest technology and modern pedagogies.
     
    “Galaxy empowered” not only benefits educators but also supports schools in becoming leaders in education innovation. By enhancing teaching practices and creating technology-driven learning environments, schools can position themselves as the institution of choice for parents, improving their reputation and gaining recognition in the community. In addition, the “Galaxy empowered” programme is free for both teachers and schools, ensuring valuable resources for education advancement without any financial barriers.
     
    “With “Galaxy empowered”, we provide teachers the tools to enhance student engagement and create lasting educational impact. By investing in teacher development, Samsung empowers educators to maximize their classroom impact, supporting the backbone of the education system. This initiative aligns with our vision of innovating for a better tomorrow, ensuring education remains at the forefront of innovation and every educator has the resources to succeed,” said Raju Pullan, Senior Vice President, MX Business, Samsung India.
     
    Over 2,700 teachers have been awarded certificates across India via live training sessions since December 2024 under the umbrella of “Galaxy empowered”. The programme aims to empower 20,000 teachers across India by 2025.  For the Delhi phase, Samsung has successfully conducted the “Galaxy empowered” programme in 250 schools. Apart from partnering with Mahattattva Educational Advisory and STTAR for the first phase, specialized trainers and academicians have been appointed to help the teachers through the programme.
     
    “Education lies at the heart of societal progress, and Samsung has recognized the importance of enabling teachers with the right tools and support to harness technology in the classroom. By empowering teachers and education administrators, Samsung is fostering an ecosystem where technology enhances learning, bridges gaps, and shapes the future of education. I believe this initiative will serve as a vital steppingstone in upskilling our educators to deliver better learning experiences on a larger scale,” said Abhinav Bindra, Chief Guest and 2008 Olympic Gold Medallist.
     
    “Samsung’s Galaxy empowered initiative bridges the gaps by providing educators with access to advanced technology, blended learning tools, and a supportive community. Through online and in-person professional development, teachers can effectively integrate technology into their classrooms. By offering hands-on experience with Samsung’s products and tailored resources, we are aiding educators enhance student engagement, streamline tasks, and improve teaching effectiveness.” said Aditya Babbar, Vice President, MX Business, Samsung India.
     
    Raju Dixit, Dr. Biswajit Saha, Dr. Joseph Emmanuel, Mr. Shishir Jaipuria, Ms. Abha Adams, Dr. Natash Mehta and Lt. Gen. Surendra Kulkarni (Retd.)
     
    The “Galaxy empowered” initiative is built on three core pillars — Technology Upskilling, Experiential Learning, and Peer-to-Peer Networking. Whether foundational, preparatory, middle, secondary, or for administrators, “Galaxy empowered” provides targeted support to educators, ensuring that they have the tools they need to succeed in their specific teaching environments.
     
    Technology Upskilling: Offering flexible online training sessions, physical bootcamps, and a comprehensive library of resources, “Galaxy empowered” enables teachers to integrate the latest digital tools into their classrooms, including gamification strategies, interactive apps, and virtual classrooms.
    Hands-On Training and Certification: Educators will have access to hands-on workshops, mentorship, and certification opportunities to recognize their achievements and build their skills. The programme also includes specialized resources for curriculum and content design, as well as guidance on educator well-being.
    Collaboration and Networking: Teachers will be part of a dynamic community of educators, gaining access to peer-to-peer networking, industry experts, and thought leadership in education through exclusive panels and keynote sessions.
     
    Exclusive Samsung Perks for Educators
    Samsung is offering special discounts on a wide range of products, including smartphones, tablets, laptops, and consumer electronics, exclusively for educators and school leaders who participate in the “Galaxy empowered” programme. Additional perks include extended warranties, free insurance, and access to exclusive time-limited deals.
     
    Join the Education Revolution with “Galaxy empowered”
    “Galaxy empowered” is a free programme for both educators and schools, providing valuable resources for professional development and educational advancement. By equipping teachers with modern skills and tools, “Galaxy empowered” aims to unlock the full potential of educators and institutions across India.
    To learn more about “Galaxy empowered”, enroll in the programme, and access exclusive offers, visit: www.samsung.com/in/galaxy-empowered/.

    MIL OSI Economics –

    February 13, 2025
  • MIL-OSI United Kingdom: Preparing for sustainable farming

    Source: Scottish Government

    Payments to continue in 2025-26.

    Farmers and crofters will be able to continue to access payments to carry out soil analysis, carbon audits, and animal health and welfare interventions for an extra year, Rural Affairs Secretary Mairi Gougeon has confirmed.

    The ‘Preparing for Sustainable Farming’ payments were originally due to end next month (March), but activities performed during 2025 will continue to be funded and claims will be accepted up until the end of February 2026.

    So far, more than 8,500 claims have been received since 2022.

    This funding helps farmers and crofters meet the requirements of the Whole Farm Plan, including financial support towards the cost of soil analysis and £500 towards having a Carbon Audit performed.

    Additionally, support is available for animal health and welfare interventions, with £750 for first time claimants and £500 for those who have already benefited in previous years.

    Ms Gougeon said:

    “In 2025, businesses are being asked to undertake two out of the following plans and audits: animal health and welfare plan; nature report; carbon report; integrated pest management plan; and soil report. Businesses are free to select which two they undertake, based on their business practices.

    “All through the reform of direct support we have been clear that there will be no cliff edges in payments that agriculture businesses rely on. By extending the ‘Preparing for Sustainable Farming’ payments for an extra year we continue to stand with farmers to help them meet the climate, biodiversity and efficiency conditions for payments to support their business.”

    Background

    Preparing for Sustainable Farming guidance

    MIL OSI United Kingdom –

    February 13, 2025
  • MIL-OSI Economics: John C Williams: From where we are now

    Source: Bank for International Settlements

    It’s great to be back at Pace University-particularly here at 15 Beekman. I’ve watched this building rise from the ground, and it’s been wonderful to see it develop as a new focal point for the school.

    The New York Fed has a number of connections to Pace. We’re close neighbors and anchor institutions here in Lower Manhattan. More than 100 of our employees are proud Pace alumni. And through the years, Pace students have represented the Second District well in the College Fed Challenge competitions.

    I’m sure the members of the Economics Society who are here today have come armed with thought-provoking questions about the economy and monetary policy. And I look forward to answering them. But first, I’m going to take this opportunity to talk about where the economy’s been, where it is today, and where it’s going. I’ll discuss how the Fed is working to achieve its dual mandate of maximum employment and price stability. And I’ll give my economic outlook.

    Before I go further, I must give the standard Fed disclaimer that the views I express today are mine alone and do not necessarily reflect those of the Federal Open Market Committee (FOMC) or others in the Federal Reserve System.

    Where We’ve Been

    Now that most economic data for 2024 have come in, it’s a good time to talk about the key developments of the past year and what they mean going forward. In a nutshell, what the data tell us is that 2024 is the year the economy returned to balance, or “equipoise” as I like to say.

    The FOMC defines price stability as 2 percent inflation over the longer run. And the 12-month percent change in the personal consumption expenditures price index-the measure the FOMC uses to gauge inflation against its goal-ended 2024 at just above 2-1/2 percent.

    While inflation remains somewhat elevated, and the path to 2 percent has been bumpy at times, we have made significant strides since June of 2022, when inflation reached a 40-year high of 7-1/4 percent. And the disinflation process has been broad-based, across all the major categories of goods and services.

    We’ve also made great progress on the employment side of our mandate. The labor market-red hot in 2021 and 2022-has cooled considerably and is back to more normal levels. And over the past six months, several labor market indicators are showing signs of stabilizing. For example, at 4 percent, the unemployment rate is little changed from the middle of last year.

    Despite the cooling of the labor market, the economy has continued to grow at a solid rate. Real GDP increased 2-1/2 percent in 2024, on the heels of more than 3 percent growth in 2023. This strong growth has been powered by robust gains in the labor force and productivity.

    Since the Federal Reserve’s mandate is to achieve maximum employment and price stability, we want to see demand in line with supply and keep the risks to achieving our goals in balance. Now that balance has been achieved, our job is to ensure the risks remain in balance.

    Against this backdrop, the FOMC began moving its monetary policy stance from one that tightly constrains demand to one that is less restrictive. Over the course of three meetings in the latter part of 2024, the Committee lowered the target range for the federal funds rate by a total of 100 basis points.

    We are not alone in this. Other central banks around the world have made similar policy moves. In many countries, inflation rose in 2021 and 2022 and has since come down. Central banks have responded to the global disinflationary process by shifting monetary policy to a less restrictive posture.

    Where We Are Now

    As we enter 2025, the economy is in a good place. Growth has remained solid, supported by robust consumer spending.

    And from where we are now, a number of signs indicate that inflation will continue to move toward our 2 percent longer-run goal-although it will take time before we can achieve that target on a sustained basis.

    First, with the labor market now in balance, we have seen wage growth slow to levels broadly consistent with productivity trends and 2 percent inflation. Based on the latest reading of the New York Fed’s Heise-Pearce-Weber Tightness Index, the labor market is now about as tight as it was in in the first half of 2017, a period when wage growth and price inflation were low.1 In short, the labor market is not a source of inflationary pressure today.

    Second, measures of underlying persistent inflation have moved in the right direction. For example, the New York Fed’s Multivariate Core Trend inflation estimate has fallen to about 2-1/4 percent.2 Although the decline has been choppy at times and has slowed over the past year and a half, this measure is well below the high of 5-1/2 percent that it reached in the summer of 2022.

    And third, inflation expectations remain well anchored. Well-anchored expectations are a bedrock of modern central banking and are important to ensuring low and stable inflation. Survey- and market-based measures currently show that longer-term expectations remain at levels consistent with our 2 percent target. In particular, the New York Fed’s Survey of Consumer Expectations shows inflation expectations are within their pre-pandemic ranges across all horizons.3

    That’s where things stand in terms of our price stability mandate. On the employment side of our mandate, as I said earlier, the labor market is in a good balance. Importantly, the cooling from unsustainably tight conditions a few years back appears to have mostly run its course. Overall, the labor market looks solid, although some indicators, such as the rates of hires and quits, are a touch below where they were in the final years before the pandemic.

    With the labor market in balance and inflation moving toward our price stability goal, the FOMC decided at its most recent meeting in January to leave the target range for the federal funds rate unchanged at 4-1/4 to 4-1/2 percent.4 In terms of the Fed’s balance sheet, the process of gradually reducing our securities holdings is proceeding smoothly.

    Where We’re Going

    So, where do I expect the economy will go in 2025 and beyond?

    Based on the data we have today, I anticipate the growth rates of supply and demand will continue to slow while staying in balance. I expect real GDP growth to move to around 2 percent in 2025 and 2026, which is near my estimate of its long-run potential rate.

    With growth in supply and demand well balanced, I anticipate the unemployment rate to remain essentially flat at around 4 to 4-1/4 percent.

    And I expect overall inflation to remain around 2-1/2 percent this year, and then decline to our 2 percent goal in the coming years.

    Monetary policy is well positioned to achieve maximum employment and price stability. The modestly restrictive stance of policy should support the return to 2 percent inflation while sustaining solid economic growth and labor market conditions. But it’s important to note that the economic outlook remains highly uncertain, particularly around potential fiscal, trade, immigration, and regulatory policies.

    Conclusion

    From where the economy has been to where it’s going, one commonality is that it’s faced tremendous uncertainties. From where we are now, the economy is in a very good place. The labor market is in balance. And inflation is on a path to reach our 2 percent longer-run goal over the next few years.

    The Committee’s decisions on future monetary policy actions will continue to be based on the totality of the data, the evolution of the economic outlook, and the risks to achieving our goals.

    I remain strongly committed to bringing inflation back to our 2 percent target on a sustained basis, while being watchful to risks to both sides of our dual mandate.

    With that, I look forward to taking your questions.

    MIL OSI Economics –

    February 12, 2025
  • MIL-OSI United Kingdom: UK stands up for working people by boosting economic, clean energy and climate links with India

    Source: United Kingdom – Executive Government & Departments

    Energy Secretary travels to New Delhi to champion UK businesses, strengthen our partnership with India and accelerate work to tackle climate change.

    • UK and India agree action to accelerate economic growth from global clean energy transition
    • Energy Secretary travelled to New Delhi to champion for British interests; supporting UK businesses, increase clean energy investment opportunities and deliver on the government’s Plan for Change
    • closer working through fourth UK-India Energy Dialogue to boost renewables and cut emissions, protecting British families and businesses from the climate crisis

    The UK and India joined forces this week to unlock economic growth from the clean energy transition, supporting new jobs, creating export opportunities and tackling the climate crisis. 

    During a visit to New Delhi, the Energy Secretary Ed Miliband backed British businesses at India Energy Week – a major international energy event. He met with UK companies who are using their expertise to speed up India’s transition from fossil fuels to clean power, including offshore wind, solar, battery storage and hydrogen.  

    He met a number of UK companies who are using the UK’s world leading technology to speed up the global clean energy transition, create job opportunities and protect the climate. These include:

    • Sherwood Power – Sherwood Power has developed energy storage technology that converts excess, low-cost, renewable energy into compressed air and heat. When demand is high, this stored energy is released to generate electricity, reducing grid load and customer costs. The company is based in Richmond, North Yorkshire.  

    • Oomph EV – Oomph EV designs and manufacture a range of rapid, mobile, electric vehicle charging solutions. They are addressing the Indian market with a view to local manufacture. They offer hardware, software and data services to the global EV market and are based in Cambridge.  

    • Flock Energy – London based Flock Energy is building the digital infrastructure for the global energy transition. Using advanced AI, Flock Energy enables energy providers to analyse customer energy data usage in detail, all on one digital platform, to improve demand forecasting, demand-side management and energy efficiency. 

    • Venterra Group – Venterra Group, established in 2021, is a London based offshore wind services company. Venterra operates globally with over 700 employees and specialises in providing comprehensive technical services across the wind farm lifecycle to reduce project risks, time, and costs.

    India is one of the fastest growing economies in the world and one which is projected to be the fourth largest global importer by 2035. Delivering on the UK Government’s Plan for Change, the Energy Secretary used his visit to increase UK clean energy investment opportunities and place British businesses at the forefront of the global race for renewables.  

    As one of the world’s biggest emitters, working with India on clean energy and climate is crucial to protecting British families and businesses from the threat of climate change. Increasing investment in renewables and clean technology supports the government’s mission to become a clean energy superpower, protecting households from unstable fossil fuel markets and helping keep bills down for good.  

    Energy Secretary Ed Miliband said: 

    We are standing up for the British people by fighting for investment into our country, and setting the example for all countries play their part in protecting our planet for future generations.  

    The UK and India are strengthening our partnership under our Plan for Change to unlock investment and accelerate the global transition to clean, secure, affordable energy.  

    Both our countries are determined to address the climate emergency to protect our way of life, while reaping the rewards of the industrial and economic opportunity of our time.

    The  Energy Secretary took part in the fourth UK-India Energy Dialogue with India’s Minister of Power Manohar Lal Khattar, and met with G20 Sherpa Amitabh Kant.  

    Both countries agreed: 

    • a new shared ambition on offshore wind, including a UK-India Offshore Wind Taskforce to drive the progress needed across the offshore wind supply chains and financing models

    • funding to reform in India’s power sector to support decarbonisation through UKPACT, which aims to deliver grid transformation as part of India’s renewables rollout

    • an extension of the bilateral Accelerating Smart Power and Renewable Energy in India (ASPIRE) programme, which will work to deliver round-the-clock power supply, accelerate industrial decarbonisation and roll out renewables 

    This builds on the UK and India’s close collaboration to tackle climate change through innovation agreed as part of the Technology Security Initiative in 2024, from using AI to increase resilience, to bringing together experts to safeguard the critical minerals needed for renewable technologies like wind turbines and batteries. 

    Talks come ahead of expected negotiations with India on a Free Trade Agreement and Bilateral Investment Treaty, led by the Business and Trade Secretary, at the end of the month.  
     
    Striking a deal would increase economic growth across both countries, facilitating the trade of renewable technologies and sustainable materials, supporting the government’s mission to become a clean energy superpower. 

    There are over 950 Indian-owned companies in the UK and over 650 UK companies in India supporting over 600,000 jobs and driving innovation across both economies. 

    Engagement with India comes ahead of COP30, due to take place in Brazil later this year, where both countries will be pushing for ambitious outcomes to address the climate emergency.

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    Published 12 February 2025

    MIL OSI United Kingdom –

    February 12, 2025
  • MIL-OSI Canada: 2025 rent index set at 2.0 per cent

    On May 15, 2025, the 2025 rent index will be set at 2.0 percent.

    As required by the Regulation to amend the Residential Landlord and Tenant Act, the residential rent index is adjusted yearly on May 15 to align with the annual Consumer Price Index (CPI) for Whitehorse, which was 2.0 per cent in 2024.

    Landlords may not increase rents more than the prescribed rent index. Landlords may also choose to not increase rent.

    The rent index came into effect as part of the 2023 Confidence and Supply Agreement between the Yukon Liberal Party and the Yukon New Democratic Party.
     

    MIL OSI Canada News –

    February 12, 2025
  • MIL-OSI Russia: Tatyana Golikova: The main objective of the national project “Family” is to ensure sustainable growth in the birth rate, increase the number of large families and the growth of their well-being

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Deputy Prime Minister Tatyana Golikova addressed the participants, guests and organizers of the forum “Social Priorities in the Development of Responsible Business – Contribution to Achieving National Goals” with a video greeting.

    Video greeting from Tatyana Golikova to the participants, guests and organizers of the forum “Social priorities in the development of responsible business – contribution to the achievement of national goals”

    12 hours ago

    From the transcript:

    T.Golikova: Dear colleagues! I am pleased to welcome the participants, guests and organizers of the forum “Social Priorities in the Development of Responsible Business – Contribution to Achieving National Goals”, which is being held by the Russian Union of Industrialists and Entrepreneurs.

    Russian President Vladimir Vladimirovich Putin has defined the key national goal as preserving the population, strengthening health and improving the well-being of people, and supporting families. To solve these problems, new national projects have been launched since January 2025.

    The work that was done within the framework of the national projects “Demography”, “Healthcare”, “Culture”, as well as the Year of the Family, laid a reliable foundation that allows us to build and strengthen a system of comprehensive support for motherhood, fatherhood and childhood, care for the older generation and the preservation of our traditional cultural values within the framework of the national project “Family”. Its main task is to ensure a sustainable increase in the birth rate, increase the number of large families and the growth of their well-being.

    Thanks to the measures taken, the poverty level is gradually decreasing. Compared to 2018, the decrease was 37% – to 8% by the end of the third quarter of 2024.

    At the same time, within the framework of the national project “Family”, we set ourselves a more serious task – reducing the level of poverty among large families.

    In conditions where more and more young people are focused on building a career, the issue of combining family responsibilities, education and professional prospects is becoming increasingly relevant. Both social and financial support measures for families with children, accessibility of preschool education, and the opportunity to maintain competencies and receive additional education while on maternity leave are important.

    Within the framework of the national project “Demography”, almost 1 million citizens received free training, including 260 thousand women with preschool-age children.

    We continue this event within the framework of the national project “Personnel”, which is aimed at training specialists for the needs of the economy. Its goal is to coordinate the efforts of educational institutions, employment centers, companies and the state. We need to form a flexible, effective system of training specialists, focused on the needs of the economy.

    The national projects “Long and Active Life” and “New Health Preservation Technologies” are aimed at increasing life expectancy, increasing the duration of healthy and active life, improving the availability and effectiveness of medical care, introducing modern medical technologies, and preserving the life and health of our citizens.

    To successfully solve problems of this scale, it is necessary to consolidate the efforts of the state, business and the whole society.

    We are pleased to note the desire of businesses to participate in social projects. In order to maintain the health of workers and stimulate a healthy lifestyle within the framework of the national project “Demography” in 85 regions, enterprises implemented corporate programs to improve the health of workers.

    To increase the birth rate and large families, companies are actively implementing healthy lifestyle programs, introducing measures to support employees with family responsibilities, which are aimed not only at employees, but also at creating favorable conditions in the territories where the organizations are present.

    The most common corporate social practices are assistance in organizing summer vacations for children, organizing leisure activities for families with children, additional leave in connection with the birth of a child, the possibility of remote work for employees with children, and one-time financial assistance in connection with the birth of a child.

    The head of state has made a number of decisions to develop corporate family policy: payments by employers in the amount of up to 1 million rubles at the birth of children have been exempted from personal income taxes, and a decision has been made to introduce a national ranking of employers based on the number of employees with preschool-age children.

    On behalf of the President of the country, the National Award “Leaders of Responsible Business” was established in 2023, which emphasizes the importance of social responsibility of business and its contribution to improving the demographic situation, supporting families with children, youth, and developing human capital.

    Responsible business leaders invest significant resources in creating jobs based on advanced technologies, training personnel, improving working conditions, providing social guarantees to employees, and participate in solving socially significant problems in the regions where they operate.

    Best practices are encouraged within the nominations of the All-Russian competition “Russian Organization of High Social Efficiency” and the All-Russian competition of the Russian Union of Industrialists and Entrepreneurs “Business Flagships: Dynamics, Responsibility, Sustainability”. Based on the best practices of our companies, recommendations of the Russian Tripartite Commission for the Regulation of Social and Labor Relations to the parties to social partnership on the development and implementation of corporate social policy measures to support employees with family responsibilities by employers have been developed and approved.

    By acting responsibly, companies strengthen their market positions, their reputation as a responsible employer, entrepreneur, partner, use opportunities related to sustainable development, and at the same time contribute to positive changes not only in the economy, but also in the social sphere, in the implementation of national projects and the achievement of national development goals.

    I wish you interesting discussions, constructive communication, expansion of the circle of responsible companies and new successes!

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

    MIL OSI Russia News –

    February 12, 2025
  • MIL-OSI USA: Seminar: Building an In-Space Circular Economy

    Source: US Government research organizations

    Credit: NOAA Office of Space Commerce

    Important note regarding inclement weather: If the U.S. government is closed or delayed, the ISAM Seminar will be postponed to a later date. Please contact Dianne Poster (dianne.poster [at] noaa.gov (dianne[dot]poster[at]nist[dot]gov)) or Carolyn Pace (carolyn.pace [at] noaa.gov (carolyn[dot]pace[at]noaa[dot]gov)) for further information. 

    The deadline for registration for in-person attendance for foreign nationals has passed.  At this time, only virtual attendance is available for foreign nationals.

    The NOAA Office of Space Commerce and NIST are hosting an event to explore the circular space economy. This innovative approach aims to utilize space-based resources sustainably by minimizing waste and maximizing the reuse and recycling of materials in space operations. As humanity expands its presence beyond Earth, this model becomes vital for reducing the need for costly resupply missions and mitigating the environmental impact of space activities.

    By rethinking how resources are extracted, processed, and reused in orbit, a circular space economy can enhance mission longevity and improve the efficiency of various space missions, including space station utilization, in-space manufacturing, satellite servicing, and establishing off-world habitats. This approach supports broader sustainability goals on Earth and addresses urgent challenges like orbital debris and resource scarcity, ensuring a responsible and thriving space industry for future generations.

    Attending this event is a crucial opportunity for policymakers, industry leaders, researchers, and entrepreneurs to engage in shaping the future of space sustainability. The event will showcase cutting-edge advancements, including in-orbit recycling technologies, sustainable satellite manufacturing practices, and innovative policies for managing shared space resources. It provides a platform for collaboration on scalable solutions, sharing ideas, and forging partnerships that drive economic growth and environmental stewardship in the growing space sector. Participants will gain valuable insights into how the circular space economy can tackle critical challenges, unlocking new opportunities for economic resilience and long-term sustainability in the final frontier.

    MIL OSI USA News –

    February 12, 2025
  • MIL-OSI China: China expands silver tourism train services to cater to growing elderly travel market

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

    China expands silver tourism train services to cater to growing elderly travel market

    BEIJING, Feb. 12 — As the sun rose over the snow-capped peaks of the Qinling Mountains, a group of silver-haired retirees eagerly boarded a Silk Road-themed tourism train in Xi’an, the capital of northwest China’s Shaanxi Province.

    For the next three days, these seniors embarked on a leisurely journey through the picturesque landscapes of central China, relaxing in hot springs and savoring local delicacies, traveling on one of many specialized tourism trains that are revolutionizing travel for China’s growing elderly population.

    On Tuesday, nine Chinese government agencies and state-owned enterprises, including the Ministry of Commerce (MOC) and the Ministry of Culture and Tourism, unveiled an action plan to expand and improve senior-friendly tourism train services, in the latest bid to create more inclusive and enjoyable travel experiences for the elderly.

    The initiative aims to enrich the tourism market, promote services consumption and cater to the growing demand for elderly-friendly travel options. It plans to create a nationwide network of specialized trains catering to older travelers by 2027, with over 100 designed routes and 2,500 scheduled trips annually, according to a press conference held later on Tuesday.

    The concept of senior-focused rail travel has been gaining momentum across China. According to China Railway Qinghai-Xizang Group Co., Ltd., over 77 percent of passengers on its special tourism trains have been aged 55 or above in recent years.

    A 15-day railway tour to the Xinjiang Uygur Autonomous Region has proved particularly popular, allowing seniors to explore the vast region’s diverse landscapes and cultural heritage in comfort. “Compared to self-drive tours, railway tours cut costs, save time and conserve energy, making them very suitable for elderly travelers,” 61-year-old Wang Zhanqi, who hails from Qinghai Province and took the Xinjiang railway tour last year, told Xinhua.

    He particularly enjoyed photographing the winding streets and traditional architecture in the ancient city of Kashgar, and sampling water from Karez wells, which collect the melted ice and snow from the Tianshan Mountains.

    Shaanxi’s Silk Road train, capable of carrying over 200 passengers per trip, is equipped with senior-friendly features like wide beds, temperature control systems and emergency call buttons. The train also boasts such entertainment facilities as karaoke rooms and mahjong tables, creating a lively and social atmosphere for its passengers.

    These specialized trains provide more than just transportation, offering comprehensive services tailored to the needs of older travelers. Many feature onboard medical staff, health monitoring equipment and specially designed meals. The popular Panda Express service, which departs from Sichuan Province, includes niche cultural activities such as ethnic-style welcome ceremonies and traditional performances, adding a level of cultural immersion to an already distinctive journey.

    “We strive to ensure a safer, more comfortable travel experience for the elderly,” said Yang Tao, general manager of Xi’an Railway International Travel Service Co., Ltd. “Silver-haired tourists generally have strong purchasing power and are inclined to buy handicrafts.”

    The economic potential of this market is substantial. According to a recent blue paper on China’s silver economy, the sector is currently valued at 7 trillion yuan (about 976 billion U.S. dollars), accounting for about 6 percent of the country’s GDP, with tourism being a key growth area.

    Elderly adults in China had amassed wealth totaling 78.4 trillion yuan by 2023, according to the China National Committee on Aging. And the overall silver economy is projected to reach 30 trillion yuan by 2035, which would represent 10 percent of China’s GDP.

    Recognizing the increasing purchasing power and travel aspirations of China’s elderly population, the action plan released on Tuesday outlines a series of measures to develop the sector further, including measures to expand services offerings, develop themed routes, and enhance medical and senior care services on trains.

    Measures will be taken to upgrade the trains so that they are more age-friendly, green and comfortable, which will be supported by China’s large-scale equipment upgrade and consumer goods trade-in programs, and additional measures will be implemented to tailor themed travel routes and products for seniors.

    Highlighting the integration of health care services into senior tourism trains, the action plan notes that medical professionals will be stationed on board, and medical expenses incurred during travel will be eligible for cross-regional medical insurance settlement, simplifying the claims process for elderly passengers.

    The plan also advocates improved coordination between tourism trains and scenic areas, encouraging local tourist destinations to offer tailored services such as reservations, green channels, transportation connections and dedicated reception facilities for senior travelers.

    The action plan aims to create a comprehensive national network of senior-friendly tourism trains by 2027, with established service standards and recognizable brand identities.

    These specialized train services will utilize off-peak travel periods to avoid conflicting with regular passenger services, ensuring that the trains operate efficiently without disrupting the broader transportation system, MOC official Kong Dejun said at the press conference.

    From onboard medical care to senior-friendly meals and entertainment, silver tourism trains are more than a mode of transport: they are redefining what it means to travel in one’s golden years. Analysts note that China’s railways, already arteries of economic development, are poised to enrich the lives of the nation’s growing elderly population.

    MIL OSI China News –

    February 12, 2025
  • MIL-OSI: WithSecure Financial Statement Release 1 January – 31 December 2024: Strong growth in Cloud Protection for Salesforce, improving profitability and cash flow, divestment of Cyber security consulting

    Source: GlobeNewswire (MIL-OSI)

    WithSecure Corporation, Financial Statement Release 1 January – 31 December 2024, 12 February 2025 at 8.00 EET

    WithSecure Financial Statement Release 1 January – 31 December 2024: Strong growth in Cloud Protection for Salesforce, improving profitability and cash flow, divestment of Cyber security consulting

    Highlights of October – December 2024 (“fourth quarter”)

    • Annual Recurring Revenue (ARR)1 for Elements Cloud products and services2 increased by 6% to EUR 83.3 million (EUR 78.4 million)
    • Elements Cloud ARR increase from previous quarter was 2%
    • Net Revenue Retention for Elements Cloud was 99%
    • Revenue for Elements Cloud increased by 9% to EUR 21.5 million (EUR 19.7 million)
    • ARR for Cloud Protection for Salesforce increased by 52% to EUR 12.8 million (EUR 8.4 million)
    • Cyber security consulting revenue declined by 15% to EUR 8.6 million (EUR 10.2 million). Cyber security consulting divestment agreement was signed in January 2025. Business is reported as Discontinued operations. A goodwill impairment of EUR 13 million was recognized in the fourth quarter to reflect the impact of the divestment
    • Adjusted EBITDA (Continuing and discontinued operations) for WithSecure was EUR 2.4 million (EUR 0.2 million)
    • Operative cash flow of the fourth quarter was EUR 7.7million (EUR 2.7 million) 
    1. Annual recurring revenue (ARR) of cloud products is calculated by multiplying monthly recurring revenue of last month of quarter by twelve.  Monthly recurring revenue includes recognized revenue within the month excluding non-recurring revenue
    2. Elements Cloud includes Elements Cloud portfolio software and services as well as the managed services

    Highlights of January – December 2024

    • Revenue for Elements Cloud products and services increased by 9% to EUR 83.3 million (EUR 76.1 million)
    • CPSF revenue increased by 14% to EUR 9.4 million (EUR 8.3 million)
    • Cyber security consulting revenue declined by 3% to EUR 32.3 million (EUR 33.4 million)
    • Adjusted EBITDA (Continuing and discontinued operations) for WithSecure was EUR 3.1 million (EUR -16.1 million)

    Outlook for 2025

    Annual Recurring Revenue (ARR) for Elements Cloud products and services will grow by 10-20% from the end of 2024.
    At the end of 2024, Elements Cloud ARR was EUR 83.3 million.

    Elements Company segment’s Adjusted EBITDA will be 3-7% of revenue.

    Annual Recurring Revenue (ARR) for Cloud Protection for Salesforce (CPSF) will grow by 20-35% from the end of 2024.
    At the end of 2024, CPSF ARR was EUR 12.8 million.

    Cyber security consulting business will be divested in 2025. Elements company and CPSF will have their own guidance going forward. Both are recurring, subscription-based businesses, which is reflected in the new guidance.

    Medium-term financial target (for Elements Company segment)

    Over the next three years (2025-2027), WithSecure will become a “Rule of 30+” company.

    The components of the target are

    • Annual revenue growth as percentage
    • Adjusted EBITDA as percentage of revenue

    WithSecure is targeting to reach a sum of the components that exceeds 30.

    Figures in this release are unaudited. Figures in brackets refer to the corresponding period in the previous year, unless otherwise stated. Percentages and figures presented may include rounding differences and might therefore not add up precisely to the totals presented.

    CEO Antti Koskela

    In the last quarter of 2024, WithSecure Elements Cloud ARR grew by 6% from previous year to EUR 83.3 million (EUR 78.4 million). Elements Cloud revenue grew by 9% to EUR 21.5 million (EUR 19.7 million). Cloud Protection for Salesforce, reported as a separate segment, performance was strong, ARR grew by 52% to EUR 12.8 million (EUR 8.4 million).

    In the Elements Company, Elements software continued to perform with a strong year-on-year growth. In the Managed services and Co-security, revenue declined slightly from the fourth quarter of 2023, due to the customer churns reported in the quarter and earlier in 2024. Of the geographic regions, Elements Cloud ARR and revenue decreased slightly in UK and North America, mainly impacted by the Managed services customer churns during the year 2024. In all other regions, a steady growth of cloud ARR and revenue continued. December revenue includes a higher than customary volume of discounts, timing of which is partly dependent on the customers. Due to the timing issues, the Cloud ARR growth was negatively impacted by approximately 3 percentage points. Our intention is to review and improve the recognition process to avoid ARR volatility caused by timing in the future. 

    In January 2025, our Elements Identity Security reached General Availability. It will increase protection of the users from business email compromise attacks and provide easy-to-use identity response features. Two significant product recognitions were received at the end of 2024. We were identified as one of 15 global vendors in the 2024 Gartner® Magic Quadrant™ for Endpoint Protection Platforms3, recognising our ability to execute and completeness of vision. In the 2024 MITRE ATT&CK® Evaluations, our Endpoint Detection and Response solution set new standards for detection-to-alert ratios, reinforcing our position as a European mid-market leader in cyber security.

    Elements Company Adjusted EBITDA in the fourth quarter was EUR 1.5 million (EUR -1.0 million). Full WithSecure Adjusted EBITDA of EUR 2.4 million (EUR 0.2 million) in the fourth quarter shows that our continuous work on improving profitability is giving results despite some lower revenue in 2024 than planned.

    In Cloud Protection for Salesforce (CPSF), systematic efforts in the past year to improve sales efficiency are generating strong results. ARR grew by 52% year-on-year to EUR 12.8 million (EUR 8.4 million). The growth is driven by both new customers and expansions to existing customers, while the customer churn remained at a controlled level. We continue to develop the CPSF as an independent business inside WithSecure, while keeping the strategic review options open.

    On 23 January 2025, we signed an agreement intending to divest our Cyber security consulting business to Neqst, a Swedish investment firm focusing exclusively on technology and technology-enabled companies. In the segment reporting, consulting is presented according to the previously applied calculation principles. In other parts of the financial reporting, consulting result is included in the result of discontinued operations. Cyber security consulting revenue declined by 15% to EUR 8.6 million (EUR 10.2 million). Adjusted EBITDA of the fourth quarter was EUR 0.9 million (EUR 2.0 million).

    After reaching some important milestones during the year, we are confidently heading for a new year of profitable growth. I would like to thank WithSecure personnel, partners, customers and other stakeholders for their great collaboration in the past year and going forward.

    Financial performance

    (mEUR) 10-12/2024 10-12/2023 Change % 1-12/2024 1-12/2023 Change %
    Continuing operations            
    Revenue 29.9 28.0 7% 116.0 109.9 6%
    Cost of revenue -5.9 -5.7 3% -23.4 -23.1 1%
    Gross Margin 24.0 22.3 8% 92.6 86.8 7%
    % of revenue 80.4 % 79.7 %   79.8 % 79.0 %  
    Other income, adjusted1 0.4 0.4 11% 2.0 1.4 41%
    Operating expenses1 -23.0 -24.3 -5% -92.6 -103.1 -10%
    Sales & Marketing -12.2 -13.1 -7% -47.9 -57.2 -16%
    Research & Development -8.5 -8.8 -3% -35.0 -36.3 -4%
    Administration -2.3 -2.4 -5% -9.7 -9.5 2%
    Adjusted EBITDA2 1.4 -1.6 188% 2.0 -14.8 113%
    % of revenue 4.7 % -5.7 %   1.7 % -13.5 %  
    Items affecting comparability (IAC)            
    Other items 0.0 -1.0 99% -1.0 -1.4 33%
    Divestments 0.1 0.0 0% 1.2 1.4 10%
    Restructuring -0.1 -4.5 99% -1.1 -8.9 87%
    Costs under TSA 0.0 -1.4 100% 0.0 -6.9 100%
    Income for costs under TSA 0.0 1.4 100% 0.0 6.9 100%
    EBITDA 1.4 -7.2 120% 1.1 -23.8 105%
    % of revenue 4.7 % -25.6 %   1.0 % -21.6 %  
    Depreciation & amortization, excluding PPA3 -2.0 -2.5 -19% -9.0 -9.5 -6%
    PPA amortization -0.5 -0.6 -17% -2.2 -2.4 -7%
    EBIT -1.1 -10.2 89% -10.1 -35.7 72%
    % of revenue -3.7 % -36.6 %   -8.7 % -32.5 %  
    Adjusted EBIT2 -0.6 -4.1 85% -7.0 -24.3 71%
    % of revenue -2.0 % -14.5 %   -6.0 % -22.1 %  
    Discontinued operations            
    Revenue 8.3 10.0 -17% 31.4 32.9 -5%
    Adjusted EBITDA2 1.0 1.8 -45% 1.1 -1.3 187%
    % of revenue 12.0 % 18.1 %   3.6 % -4.0 %  
    Items affecting comparability (IAC)            
    Divestments 1.1     1.1    
    EBIT -13.6 1.6 -927% -29.3 -8.2 -258%
    % of revenue -164.1 % 16.5 %   -93.6 % -24.9 %  
    Combined operations            
    Revenue 38.1 38.0 0% 147.4 142.8 3%
    Adjusted EBITDA2 2.4 0.2 1070% 3.1 -16.1 119%
    % of revenue 6.3 % 0.5 %   2.1 % -11.3 %  
    Earnings per share, (EUR)4 -0.08 -0.07 -25% -0.22 -0.23 5%
    Deferred revenue       67.7 66.9 1%
    Cash flow from operations before financial items and taxes 7.7 2.7 191% 2.1 -19.9 110%
    Cash and cash equivalents       27.3 36.6 -25%
    ROI, % -52.3 % -27.5 % -90% -34.1 % -30.5 % -12%
    Equity ratio, %       59.1 % 73.3 % -19%
    Gearing, %       0.4 % -22.2 % 102%
    Personnel, end of period       961 1,087 -12%

    1. Excluding Items Affecting Comparability (IAC) and depreciation and amortization. In 2023 excludes also costs of services provided to F-Secure under TSA and equivalent income charged for TSA services. 

    2. Adjustments are material items outside the normal course of business associated with acquisitions, integration, restructuring, gains or losses from sales of businesses and other items affecting comparability. For reconciliation and a breakdown of adjusted costs, see Note 6 (Reconciliation of alternative performance measures)

    3. Amortization of intangible assets from business combinations (PPA, purchase price allocation, related amortizations). 

    4. Based on the weighted average number of outstanding shares during the period 175 986 422 (1-12/2024).

    Events after period-end
    After the end of the financial year, on 23 January 2025, WithSecure announced the sale of its Cyber security consulting business to Swedish investment firm Neqst. The transaction is executed by the sale of shares of the parent company of a to-be-established WithSecure cyber security consulting group, to which the consulting business will be transferred prior to the completion of the transaction. As a result of the agreement, total of approximately 250 employees located in Finland, UK, Sweden, Denmark, Singapore, Italy, and US are expected to transfer to the buyer.

    Additional information
    This is a summary of WithSecure’s Financial Statement Release 1 January – 31 December 2024. The full report is a PDF file attached to this stock exchange release. Full report is also available on the company website.

    Webcast
    WithSecure’s CEO Antti Koskela and CFO Tom Jansson will present the results in a webcast on 12 February starting at 14.00 EET. The webcast will be held in English and can be accessed at

    https://withsecure.events.inderes.com/q4-2024

    Questions in written format are requested in the webcast portal. Presentation material and the webcast recording will be available on the company website

    Materials | Investor Relations | WithSecure™

    Financial calendar
    During the year 2025, WithSecure Corporation will publish financial information as follows:

    • 25 April 2025: Interim Report for January–March 2025
    • 16 July 2025: Half-Year Report for January–June 2025
    • 22 October 2025: Interim Report for January–September 2025

    WithSecure observes at least a three-week (21 days) silent period prior to publication of financial reports, during which it refrains from engaging in discussions with capital market representatives or the media regarding WithSecure’s financial position or the factors affecting it.

    The Annual General Meeting is scheduled for Tuesday, 18 March 2025. The Board of Directors will convene the meeting.

    Contact information
    Tom Jansson, CFO
    WithSecure Corporation

    Laura Viita
    VP, Controlling, investor relations and sustainability
    WithSecure Corporation
    +358 50 487 1044
    investor-relations@withsecure.com

    Attachment

    • Financial Statement Release 1 January – 31 December 2024

    The MIL Network –

    February 12, 2025
  • MIL-OSI USA: ICYMI: Sen. Sullivan leads Alaska Delegation, Sec. of Transportation, and NTSB Chair in Press Conference on Alaska Aviation Safety

    US Senate News:

    Source: United States Senator for Alaska Dan Sullivan

    02.11.25

    WASHINGTON— U.S. Senator Dan Sullivan (R-Alaska), a member of the Senate Commerce, Science and Transportation Committee, led a press conference with Senator Lisa Murkowski and Representative Nick Begich (both R-Alaska), U.S. Secretary of Transportation Sean Duffy, and National Transportation Safety Board Chair Jennifer Homendy for Alaska media regarding their shared focus on enhancing aviation safety in Alaska. This conference followed the tragic crash of a commuter aircraft in Alaska in the Bering Sea near Nome last weekend that took the lives of 10 Alaskans.

    Click here or the image above to watch the full press conference.

    Senator Sullivan is a member of the Senate Commerce, Science and Transportation Committee which has oversight of the Federal Aviation Administration, the Department of Transportation, and the National Transportation Safety Board. He has strongly advocated for critical infrastructure to provides greater flexibility to meet Alaska’s unique aviation needs in this role. In May 2024, the FAA Reauthorization was signed into law which included several Sullivan-authored provisions specifically for Alaska.

    MIL OSI USA News –

    February 12, 2025
  • MIL-OSI USA: News 02/11/2025 Blackburn, Ernst Bill Pursuing $200 Billion in COVID Fraud Advances

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)

    WASHINGTON, D.C. – U.S. Senators Marsha Blackburn (R-Tenn.) and Joni Ernst’s (R-Iowa) Complete COVID Collections Act to extend the life of the watchdog tasked with tracking down criminals who stole COVID relief designed for small businesses.

    “During the pandemic, small business owners in need of financial assistance were turned away because criminals, gang members, and drug traffickers stole money from the relief program,” said Senator Blackburn. “This legislation would help ensure we recoup every penny of funding that was wrongly awarded to criminals who gamed the system.”

    “I will not allow fraudsters to get away with stealing hundreds of billions of dollars from taxpayers,” said Senator Ernst. “We are going to recoup every cent and end the cycle in Washington of shrugging off a few billion here and a few hundred million there. That irresponsible mindset is why the federal government is more than $36 trillion in debt. I’m proud to lead this step forward to treat tax dollars like a family treats its budget instead of like a bottomless slush fund.”

    “Programs designed to provide relief to our small businesses were repeatedly taken advantage of, leaving small businesses hurting and taxpayers on the hook,” said Senator Young. “I’m glad to see this effort to recover taxpayer dollars and protect Americans from fraud and abuse pass out of committee. I look forward to voting for this bill on the Senate floor.”

    “Family-owned businesses in Utah played the rules and used COVID-19 relief funds as intended, but bad actors exploited the system and defrauded taxpayers,” said Senator Curtis. “By extending oversight authority over these programs, our legislation strengthens enforcement efforts and holds criminals accountable for stealing from the American people. I’m proud to see our bill pass out of the Small Business Committee.”

    BACKGROUND:

    • While SBA ran the relief programs on a “first come, first serve” basis, the money ran out quickly, and many qualifying businesses were turned away as felons, gang members, and drug traffickers raked in cash. Some swindlers uploaded pictures of Barbie dolls as photo identification on SBA loan applications that were approved.
    • One alleged fraudster took home $8 million while nearly 2,000 struggling restaurants in Iowa were left empty-handed. 
    • Senators Blackburn and Ernst led several of their Republican colleagues in introducing the bill after the Special Inspector General for Pandemic Recovery (SIGPR) warned its authority was expiring and con artists would get away with stealing more than $200 billion.

    CO-SPONSORS: 

    • The bill is cosponsored by Senators Todd Young (R-Ind.), James Lankford (R-Okla.), Josh Hawley (R-Mo.), Eric Schmitt (R-Mo.), and John Curtis (R-Utah).

    Click here to view the bill text.

    MIL OSI USA News –

    February 12, 2025
  • MIL-OSI USA: Peters and Slotkin Lead Bipartisan Legislation to Extend Federal Funding and Protections for the Great Lakes

    US Senate News:

    Source: United States Senator for Michigan Gary Peters

    WASHINGTON, DC – U.S. Senators Gary Peters (MI) and Elissa Slotkin (MI) are leading bipartisan legislation to extend federal funding and protections for the Great Lakes. The senators introduced the Great Lakes Restoration Initiative Act of 2025 to reauthorize the Great Lakes Restoration Initiative (GLRI) through 2031 and increase the program’s annual authorized funding levels from $475 million to $500 million. The GLRI is the most significant investment ever made to restore and protect our Great Lakes. The GLRI combines federal and nonfederal efforts to stop the spread of carp and other invasive species, restore coastline and habitats connecting our streams and rivers, clean up environmentally damaged Areas of Concern, and prevent future contamination. While providing vital support for these efforts, the GLRI also helps ensure we can address new and emerging threats to the Great Lakes.    

    “The Great Lakes are a national treasure and central to our economy, environment, and way of life in Michigan. Since its creation, the Great Lakes Restoration Initiative has made significant headway in cleaning up Areas of Concern, protecting vital habitats, and restoring coastlines around the Great Lakes Basin,” said Senator Peters. “This bipartisan legislation will provide GLRI with the resources needed to build on that success and help protect and preserve the Great Lakes for future generations of Michiganders. I’m proud to again help lead the charge to strengthen this essential program.”  

    “Our Great Lakes power our Michigan economy, and the Great Lakes Restoration Initiative ensures we are protecting our Lakes for generations to come,” said Senator Slotkin. “From controlling invasive species to responding to algal blooms to building up our waterways infrastructure – the GLRI is a critical tool. Time and time again the Trump administration has tried to zero out this program, and it’s more important than ever we protect it. It’s why I am honored to take up the mantle from Senator Debbie Stabenow, and work alongside Senator Peters to get this bill done.”   

    Since its inception, the GLRI has spurred tremendous progress in Michigan and throughout the Great Lakes region including nearly half of a million acres of habitat protected, restored, or enhanced, a five-fold increase in the successful cleanup and delisting of Areas of Concern, a ten-fold increase in the remediation of environmental and public health impairments, and reducing the threat of harmful algal blooms. The GLRI’s efforts have also resulted in economic returns of more than 3 to 1 across the region. 

    “The Great Lakes Restoration Initiative is the most successful effort to protect and clean up our Great Lakes in U.S. history,” said Lisa Wozniak, Executive Director of Michigan League of Conservation Voters. “Our Great Lakes face emerging challenges, like toxic PFAS contamination, invasive species, rapidly warming temperatures and the impacts of climate change, which makes the Great Lakes Restoration Initiative (GLRI) Act of 2025 more important than ever. Protecting our treasured Great Lakes, the source of drinking water for millions of people, is something all Michiganders can get behind, and we look forward to working with lawmakers on both sides of the aisle to get this legislation signed into law.” 

    “The simple fact is the GLRI funds critical projects that make life better for the millions of Americans that depend on the Great Lakes. It also delivers a positive economic return on the government’s investment in cleaner water and healthier communities. Senator Peters and Senator Young along with other Great Lakes senators have our gratitude for introducing this important bill,” said Joel Brammeier, Alliance for the Great Lakes President and CEO. 

    “The GLRI is a landmark program that is making significant progress in restoring the waters, ecosystems, economies, and communities that make up the Great Lakes region,” said Erika Jensen, Executive Director of the Great Lakes Commission. “The Great Lakes Commission applauds Senators Peters and Young for introducing this important legislation, which will safeguard the economic and environmental health of the Great Lakes region for generations to come.” 

    “This bill is a winner for millions of people in the region,” said Laura Rubin, Director of the Healing Our Waters-Great Lakes Coalition. “We thank Sens. Gary Peters and Todd Young for their bipartisan leadership and commitment to tackle the serious threats to our region’s drinking water, public health, jobs, and quality of life. Federal investments to restore the Great Lakes have been producing results, but serious threats remain. We look forward to working with the Great Lakes congressional delegation to pass this bipartisan bill that supports common sense solutions. If we scale back investments now, the problems will only get worse and more expensive to solve.” 

    “The Great Lakes Restoration Initiative provides critical investments in the health of the Great Lakes and the communities and businesses that rely on clean water. Communities across the region realize the lasting benefits of clean and healthy lakes, which attract visitors, create jobs, and sustain the Great Lakes way of life,” said Peter Laing, Great Lakes Business Network Co-Chair.  

    The Great Lakes Restoration Initiative Act of 2025 is also supported by the League of Conservation Voters, National Wildlife Federation, Sierra Club, National Parks Conservation Association, Council of Great Lakes Governors, Great Lakes Fishery Commission, American Great Lakes Ports Association, Great Lakes and St. Lawrence Cities Initiative, American Sportfishing Association, Theodore Roosevelt Conservation Partnership, Ducks Unlimited, Trout Unlimited, Congressional Sportsmen’s Foundation, National Audubon Society – Great Lakes,  Environmental Law & Policy Center, and other key stakeholders in Great Lakes protection.  

    Peters and Slotkin have been champions for the GLRI. Peters and Slotkin helped enact the single-largest-ever investment in the GLRI through the bipartisan infrastructure law to accelerate the restoration of nine high-priority areas in Michigan whose lakes, rivers and watersheds flow into the Great Lakes.

    MIL OSI USA News –

    February 12, 2025
  • MIL-OSI United Nations: Disaster Risk Reduction Financing Training Modules

    Source: UNISDR Disaster Risk Reduction

    The UNDRR training series on How to Design National Financing Frameworks for Disaster Risk Reduction (DRR) will build capacity and increase awareness on how to develop national financing frameworks that foster investments in DRR. The training modules are designed to help increase understanding of how to mobilize financing for DRR from different sources (i.e., public, private, and international) and perform investment gap analyses. This training series is designed using UNDRR’s financing approach for DRR that has been collaboratively developed with experts and government partners.

    Module 1: Five steps to disaster risk reduction financing  

    In this module, you will be introduced to UNDRR’s five-step approach to developing national financing frameworks. This comprehensive approach supports countries in assessing and developing financing solutions for disaster risk reduction that are suited to their local context and take into consideration public, private and international financing sources and mechanisms.

    Module 2: Understanding the Financial Impact of Disasters

    In this module, you will learn how to estimate both direct and indirect costs of disasters in a country using existing methodologies and tools to build the case for disaster risk reduction  investments.

    Module 3: Analyzing the Current Financial Landscape.

    In this module, you will learn how to assess existing flows of disaster risk reduction  financing from public, private, and international sources by budget tagging and tracking disaster risk reduction  and climate adaptation expenditures and conducting a financial landscape survey.

    Further reading

    Forecast-based financing

    An innovative approach to release funds for disaster preparedness and response according to predefined triggers before a crisis occurs.

    Business case for DRR

    These resources explore the economic, social and environmental dividends of investing in disaster risk reduction.

    MIL OSI United Nations News –

    February 12, 2025
  • MIL-OSI United Nations: Private sector urged to act as world faces $23 trillion loss from land degradation

    Source: United Nations MIL OSI

    By Daniel Dickinson, in Riyadh

    5 December 2024 Climate and Environment

    The private sector has been urged to make the sustainable management of land a key part of corporate and financial strategy going forward, as the world risks losing half of global GDP – estimated at $23 trillion – due to degradation.

    Business leaders have been meeting at the UN Convention to Combat Desertification (UNCCD) conference being held in Riyadh, Saudi Arabia, which is focusing on drought, land degradation and restoration issues.

    According to the UN, droughts have surged by nearly 30 per cent in frequency and intensity since 2000, threatening agriculture and water security, while up to 40 per cent of the world’s land is degraded, which means its biological or economic productivity has been reduced

    © FAO Saudi Arabia

    Saplings are planted Al Adhraa national park in Saudi Arabia as part of efforts to protect the land from degradation.

    Drought and land loss will have dire consequences for the climate, biodiversity and people’s livelihoods as well as businesses, large and small.

    The global economy could lose $23 trillion by 2050 through degradation UNCCD has warned, while halting this trend would cost around $4.6 trillion, a fraction of the predicted losses.

    The private sector can play a key role in supporting the sustainable use of land, according to the Executive Secretary of UNCCD, Ibrahim Thiaw.

    Speaking at the Business 4 Land  Forum at the COP16 conference,  he said they provide “a critical momentum to make sustainable land management a core part of corporate and financial strategies.”

    COP16 is the biggest global meeting of its kind on land degradation and restoration and the presence of a wide range of business leaders suggests they recognize the urgent need to support the healthy use of land.

    © FAO/Giulio Napolitano

    Women in Niger prepare fields for the rainy season as part of an anti-desertification initiative.

    “Shifting towards nature-positive operations, supply chains, and investments, is not only about environmental sustainability,” said Ibrahim Thiaw, “but about the long-term profitability and resilience of businesses.”

    Members of the Business 4 Land initiative are urged to act in three key areas.

    Speaking to delegates at the meeting, Philippe Zaouati, CEO of the MIROVA sustainable investment fund, said that “companies stand to gain significantly by transforming their value chains to incorporate sustainable practices, not only to reduce their impact on nature but also to seize economic opportunities,” adding that “mobilizing funding for land restoration requires a concerted effort by the public and private sectors.”

    There have been some early successes during the first days of COP16 in terms of unlocking international funding with $12 billion pledged to land restoration efforts.

    The Arab Coordination Group pledged $10 billion while the OPEC Fund and the Islamic Development Bank committed $1 billion each to the Riyadh Global Drought Resilience Partnership, alongside the $150 million dollars provided by Saudi Arabia to operationalize the initiative.

    Henri Bruxelles, the Chief Sustainability Officer of the global food and beverage company, Danone, reiterated the importance of global collaboration. 

    “Collaborating across sectors of society is vital to address the intertwined climate and water challenges, to guarantee food security and nutrition and to secure the livelihoods of the communities that feed the world,” he said in order to “build a sustainable food system.”

    More about Business 4 Land (B4L)

    B4L is UNCCD’s main initiative to engage the private sector in sustainable land and water management. It helps companies and financial institutions manage risks and seize opportunities tied to land degradation and drought.

    B4L aims to restore 1.5 billion hectares of land by 2030, contributing to Land Degradation Neutrality (LDN), a global commitment to achieve net zero land degradation by 2030, as well as enhancing drought resilience.

    MIL OSI United Nations News –

    February 12, 2025
  • MIL-Evening Report: There’s a new push to teach Australian students about civics. Here are 6 ways to do it well

    Source: The Conversation (Au and NZ) – By Murray Print, Professor of Education, University of Sydney

    A federal parliamentary inquiry has just recommended civics and citizenship become a compulsory part of the Australian Curriculum, which covers the first year of school to Year 10.

    The committee also recommended a mandatory civics and citizenship course for all Year 11 and 12 students to prepare them to vote.

    This comes amid growing concern about misinformation on social media, as well as increasing antisemitism and declining social cohesion.

    This is not the first time there have been calls to improve the quality of civics education in Australia – such calls have been made as far back as 1994.

    As a researcher in political education, I argue we need to make sure civics education is relevant, engaging and given adequate space in the curriculum.

    What is civics?

    At the moment, civics and citizenship is included in the national Australian Curriculum. But it is not mandatory and many states only make passing reference to it in primary school. Some states provide more opportunities in high school.

    The topics covered include how governments and democracy work, how laws work, the rights of individuals, diversity and national identity, and how to critically evaluate different sources of information.

    Every three years since 2004, a national sample of Year 6 and Year 10 students are assessed on their civics knowledge, skills and attitudes through a national test.

    In the most recent results from 2019, 53% of Year 6 students were at or above the national proficient standard for civics, while only 38% of Year 10 students were at or above the standard. Year 10 students’ results have shown a substantial decline since 2004.

    This suggests many young people are leaving school without the knowledge, skills and values to sustain our democracy.

    Both Australian and international studies have repeatedly shown civics and citizenship education makes a positive difference to young people’s political participation (including the likelihood they will vote), understanding of democracy and support for democratic values.

    What does good civics education look like?

    1. Make sure it has its own subject

    At the moment, civics education might be included as part of students’ work in history or other humanities subjects. But research shows it should be taught as a separate subject, otherwise it can get lost among other material.

    2. Don’t forget senior students

    It should also be taught at relevant points in students’ lives.

    While Year 11 and 12 are times when students get to pick most of their subjects for major exams, it is important they also study how the electoral system works. Many will vote in elections before they even leave school.

    3. Make it relevant to young people

    As important as they are, some aspects of civics – such as lawmaking or how parliament works – may seem dry to young people.

    Research shows teachers need to make the content engaging. This means students are shown how lessons relate to the real world.

    For example, a lesson on how parliament works could focus on the passage of contentious legislation such as banning social media for young people. Or lessons on misinformation could look at how social media had an impact on a particular issue or election.

    4. Have class discussions

    Research also shows students need to learn civics knowledge, skills and values in various ways, including role play, problem-solving, simulations and direct instruction.

    Students should be encouraged to ask questions in an open classroom environment. Class discussions are important for controversial issues so both sides of issues can be discussed in a supervised environment.

    5. Have school elections

    My research has found school elections (for school captains or a student council) can engage students in democratic processes. This way, they see first-hand how elections work and how voting can have an impact on their lives.

    6. Train teachers in law and government

    It is also important for teachers to have specific training in law, government or politics. Research shows teachers with these backgrounds have a greater impact on students’ civic knowledge – students come away knowing more. Similarly, teachers with these backgrounds achieve better results with students’ civic media literacy – or ability to handle misinformation and “outrage” online.

    This means existing teachers need to have professional opportunities to upgrade their civic knowledge and skills.

    Ultimately, it will take well-trained teachers, teaching a compulsory subject, to see Australian students appropriately educated about our democracy and how to participate in it.

    Murray Print receives funding from the Australian Research Council. An ARC grant was conducted in association with the Australian Electoral Commission.

    – ref. There’s a new push to teach Australian students about civics. Here are 6 ways to do it well – https://theconversation.com/theres-a-new-push-to-teach-australian-students-about-civics-here-are-6-ways-to-do-it-well-249584

    MIL OSI Analysis – EveningReport.nz –

    February 12, 2025
  • MIL-Evening Report: OpenAI’s new ‘deep research’ agent is still just a fallible tool – not a human-level expert

    Source: The Conversation (Au and NZ) – By Raffaele F Ciriello, Senior Lecturer in Business Information Systems, University of Sydney

    Jan Antonin Kolar/Unsplash

    OpenAI’s “deep research” is the latest artificial intelligence (AI) tool making waves and promising to do in minutes what would take hours for a human expert to complete.

    Bundled as a feature in ChatGPT Pro and marketed as a research assistant that can match a trained analyst, it autonomously searches the web, compiles sources and delivers structured reports. It even scored 26.6% on Humanity’s Last Exam (HLE), a tough AI benchmark, outperforming many models.

    But deep research doesn’t quite live up to the hype. While it produces polished reports, it also has serious flaws. According to journalists who’ve tried it, deep research can miss key details, struggle with recent information and sometimes invents facts.

    OpenAI flags this when listing the limitations of its tool. The company also says it “can sometimes hallucinate facts in responses or make incorrect inferences, though at a notably lower rate than existing ChatGPT models, according to internal evaluations”.

    It’s no surprise that unreliable data can slip in, since AI models don’t “know” things in the same way humans do.

    The idea of an AI “research analyst” also raises a slew of questions. Can a machine – no matter how powerful – truly replace a trained expert? What would be the implications for knowledge work? And is AI really helping us think better, or just making it easier to stop thinking altogether?

    What is ‘deep research’ and who is it for?

    Marketed towards professionals in finance, science, policy, law and engineering, as well as academics, journalists and business strategists, deep research is the latest “agentic experience” OpenAI has rolled out in ChatGPT. It promises to do the heavy lifting of research in minutes.

    Currently, deep research is only available to ChatGPT Pro users in the United States, at a cost of US$200 per month. OpenAI says it will roll out to Plus, Team and Enterprise users in the coming months, with a more cost-effective version planned for the future.

    Unlike a standard chatbot that provides quick responses, deep research follows a multi-step process to produce a structured report:

    1. The user submits a request. This could be anything from a market analysis to a legal case summary.
    2. The AI clarifies the task. It may ask follow-up questions to refine the research scope.
    3. The agent searches the web. It autonomously browses hundreds of sources, including news articles, research papers and online databases.
    4. It synthesises its findings. The AI extracts key points, organises them into a structured report and cites its sources.
    5. The final report is delivered. Within five to 30 minutes, the user receives a multi-page document – potentially even a PhD-level thesis – summarising the findings.

    At first glance, it sounds like a dream tool for knowledge workers. A closer look reveals significant limitations.

    Many early tests have exposed shortcomings:

    • It lacks context. AI can summarise, but it doesn’t fully understand what’s important.
    • It ignores new developments. It has missed major legal rulings and scientific updates.
    • It makes things up. Like other AI models, it can confidently generate false information.
    • It can’t tell fact from fiction. It doesn’t distinguish authoritative sources from unreliable ones.

    While OpenAI claims its tool rivals human analysts, AI inevitably lacks the judgement, scrutiny and expertise that make good research valuable.

    What AI can’t replace

    ChatGPT isn’t the only AI tool that can scour the web and produce reports with just a few prompts. Notably, a mere 24 hours after OpenAI’s release, Hugging Face released a free, open-source version that nearly matches its performance.

    The biggest risk of deep research and other AI tools marketed for “human-level” research is the illusion that AI can replace human thinking. AI can summarise information, but it can’t question its own assumptions, highlight knowledge gaps, think creatively or understand different perspectives.

    And AI-generated summaries don’t match the depth of a skilled human researcher.

    Any AI agent, no matter how fast, is still just a tool, not a replacement for human intelligence. For knowledge workers, it’s more important than ever to invest in skills that AI can’t replicate: critical thinking, fact-checking, deep expertise and creativity.

    If you do want to use AI research tools, there are ways to do so responsibly. Thoughtful use of AI can enhance research without sacrificing accuracy or depth. You might use AI for efficiency, like summarising documents, but retain human judgement for making decisions.

    Always verify sources, as AI-generated citations can be misleading. Don’t trust conclusions blindly, but apply critical thinking and cross-check information with reputable sources. For high-stakes topics — such as health, justice and democracy — supplement AI findings with expert input.

    Despite prolific marketing that tries to tell us otherwise, generative AI still has plenty of limitations. Humans who can creatively synthesise information, challenge assumptions and think critically will remain in demand – AI can’t replace them just yet.

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

    – ref. OpenAI’s new ‘deep research’ agent is still just a fallible tool – not a human-level expert – https://theconversation.com/openais-new-deep-research-agent-is-still-just-a-fallible-tool-not-a-human-level-expert-249496

    MIL OSI Analysis – EveningReport.nz –

    February 12, 2025
  • MIL-OSI United Nations: Charting a path for global action on land and drought

    Source: United Nations MIL OSI

    14 December 2024 Climate and Environment

    The largest and most inclusive UN land conference wrapped up in Riyadh, Saudi Arabia, on Saturday, charting a path for global action following two weeks of intense negotiations on how best to tackle land degradation, desertification and drought, which affects one quarter of the world.

    The nearly 200 countries gathered at the 16th Conference of the Parties (COP16) to the UN Convention to Combat Desertification (UNCCD) and committed to prioritising land restoration and drought resilience in national policies and international cooperation as an essential strategy for food security and climate adaptation.

    While parties failed to agree on the nature of a new drought regime, they adopted a strong political declaration and 39 decisions shaping the way forward.

    According to UNCCD’s newly released World Drought Atlas and Economics of Drought Resilience reports, droughts affect the livelihoods of 1.8 billion people worldwide, pushing already vulnerable communities to the brink. They also cost an estimated $300 billion per year, threatening key economic sectors such as agriculture, energy and water.

    Among the main outcomes reached at COP16 were:

    • A prototype launch of the International Drought Resilience Observatory, the first ever global AI-driven platform to help countries assess and enhance their capacity to cope with harsher droughts
    • Mobilisation of private sector engagement under the Business4Land initiative
    • The creation of designated caucuses for Indigenous Peoples and for local communities to ensure their unique perspectives and challenges are adequately represented

    “Today, history has been made”, said Oliver Tester from Australia, a representative of Indigenous Peoples. “We look forward to championing our commitment to protect Mother Earth through a dedicated caucus and leave this space trusting that our voices be heard.”

    UN News/Martin Samaan

    Hindou Oumarou Ibrahim, an Indigenous Peoples rights campaigner, attends the COP16 desertification conference in Riyadh, Saudi Arabia.

    Global drought regime

    Nations also made significant progress in laying the groundwork for a future global drought regime, which they intend to complete at COP17 in Mongolia in 2026.

    At COP16, more than 30 decisions were issued on key topics through the negotiation process, including migration, dust storms, enhancing the role of science, research and innovation, and empowering women to tackle environmental challenges.

    Some decisions introduced new topics to the agenda, namely environmentally sustainable agrifood systems and rangelands, which cover 54 per cent of all land. The degradation of rangelands alone threatens one sixth of global food supplies, potentially depleting one third of the Earth’s carbon reserves.

    At the same time, more than $12 billion was pledged to tackle land challenges around the world, especially in the most vulnerable countries. Right now, some two billion people living in pastoral areas are among the world’s most vulnerable in the face of desertification, land degradation and drought.

    Now, the work begins

    COP16 was the largest and most diverse UNCCD COP to date. It attracted more than 20,000 participants, around 3,500 of them from civil society, and featured more than 600 events as part of the first Action Agenda to involve non-State actors in the work of the convention. It also set records for youth attendance and for the most ever private sector participants at a UN land conference, with more than 400 representatives from such industries as finance, fashion, agri-food and pharmaceuticals.

    UN Deputy Secretary-General Amina J. Mohammed said now, the work begins.

    “Our work does not end with the closing of COP16,” she told delegates. “We must continue to tackle the climate crisis. It is a call to action for all of us to embrace inclusivity, innovation and resilience”

    She said youth and Indigenous Peoples must be at the heart of these conversations.

    “Their wisdom, their voices, and their creativity are indispensable as we craft a sustainable future with renewed hope for generations to come.”

    Vital turning point

    The meeting also marked a turning point in raising international awareness of the pressing need to accelerate land restoration and drought resilience, according to COP16 president, Saudi Arabia’s Minister of Environment, Water and Agriculture Abdulrahman Alfadley.

    “We hope the outcomes of this session will lead to a significant shift that strengthens efforts to preserve land, reduce its degradation, build capacities to address drought, and contribute to the wellbeing of communities around the world,” he said in closing remarks.

    UN Under-Secretary-General and UNCCD Executive Secretary Ibrahim Thiaw agreed, underscoring a significant shift in the global approach to land and drought issues and the interconnected challenges with broader global issues such as climate change, biodiversity loss, food security, forced migration and global stability.

    NOOR for FAO/Benedicte Kurzen

    In Koyli Alpha, Senegal, women work in tree nurseries created as part of the Great Green Wall Initiative.

    ‘Solutions are within our grasp’

    During COP16, participants heard that UNCCD estimates that at least $2.6 trillion in total investments are needed by 2030 to restore more than one billion hectares of degraded land and build resilience to drought.

    This equals $1 billion in daily investments between now and 2030 to meet global land restoration targets and combat desertification and drought.

    New pledges were also announced for large-scale land restoration and drought preparedness and for some existing projects that are already winning the battle, like the Great Green Wall, an African-led initiative to restore 100 million hectares of degraded land straddling across the Sahel region, which mobilised $11.5 million from Italy and nearly $4 million from Austria.

    UNCCD Executive Secretary Ibrahim Thiaw summed up a common message heard throughout COP16 in his closing remarks.

    “As we have discussed and witnessed, the solutions are within our grasp,” he said.

    “The actions we took today will shape not only the future of our planet but also the lives, livelihoods and opportunities of those who depend on it.”

    Read more stories on climate and the environment here.

    Sacred Lands Declaration

    © UNCCD/Papa Mamadou Camara

    Assessing drylands in Caating, Brazil.

    In a landmark decision, COP16 parties requested the creation of a caucus for Indigenous Peoples with the goal of ensuring that their unique perspectives and priorities are represented in the work of the Convention to Combat Desertification.

    The Sacred Lands Declaration, presented during the inaugural Indigenous Peoples Forum on 7 December, underscored their role in sustainable resource management and called for greater involvement in global land and drought governance, including through participation in land restoration efforts.

    Here are some calls for action in the declaration:

    • We call on parties to ensure an approach that embraces human rights and Indigenous Peoples’s rights in all policies and actions related to land restoration and resilience building
    • We call on parties to respect, recognise, promote and protect Indigenous Peoples’ rights, based on the fundamental right to self-determination, provided for in the UN Declaration on the Rights of Indigenous Peoples and the International Convention on the Elimination of Racial Discrimination and its General Recommendation 23
    • We encourage the UNCCD to create a dedicated fund for Indigenous Peoples’ initiatives on land restoration, conservation, desertification and drought resilience

      Read the full Sacred Lands Declaration here.

    MIL OSI United Nations News –

    February 12, 2025
  • MIL-OSI China: Foreign trade grows despite headwinds

    Source: China State Council Information Office

    An aerial drone photo shows the China-Kazakhstan (Lianyungang) Logistics Cooperation Base in Lianyungang, east China’s Jiangsu Province, July 25, 2024. [Photo/Xinhua]

    Continuous innovation, global expansion and industrial upgrade will empower Chinese companies to counter rising protectionism and geopolitical tensions this year, driving foreign trade growth and reinforcing China’s global competitiveness, said market observers and exporters.

    Despite challenges, China’s foreign trade remains resilient, adapting to an increasingly complex global landscape shaped by the United States’ new tariff policies, supply chain disruptions, and regulatory uncertainties in certain countries, they added.

    Zhang Xiaotao, dean of the School of International Trade and Economics at the Central University of Finance and Economics in Beijing, said that as a major player in global trade, China has accumulated extensive experience in navigating international political and economic shifts over the past decade.

    “Foreign trade companies have already seen positive results from their strategic adjustments to tackle headwinds, including building new factories and overseas warehouses in countries such as Thailand, Hungary, the U.S. and Brazil, as well as increasing investment in research and development,” Zhang said.

    Denis Depoux, global managing director at German management consultancy Roland Berger, said that China is now increasingly recognized for its high-value, technologically advanced products, including electric vehicles, solar cells and liquefied natural gas carriers, as it moves up the value chain to drive export growth.

    Chinese companies exporting high-value products include Narwal, a manufacturer of household robots based in Shenzhen, Guangdong province. The company saw the number of its export markets expand from less than 10 in 2023 to over 30 last year, covering multiple regions and countries including North America, Europe, Australia and Japan.

    “We will continue to invest in multiple fields such as 3D perception, artificial intelligence solutions, binocular vision technologies and big data applications to win more orders,” said Zhang Junbin, the company’s founder.

    Li Lizhong, sales director at Zhejiang Yueli Electrical Co, a home appliances manufacturer based in Ningbo, Zhejiang province, said the company’s personal care products, such as hair dryers and curling irons, previously targeted the U.S. and Western Europe markets.

    “However, our exports to these traditional markets have been impacted by the U.S. tariff hike and the Russia-Ukraine conflict in recent years,” he said, adding that the company has launched more intelligent, eco-friendly home appliances to expand into markets in Central and Eastern Europe, and economies participating in the Belt and Road Initiative.

    Data from Ningbo Customs showed that Zhejiang Yueli’s hair dryer exports reached 602 million yuan ($82.4 million) in 2024, marking a 6.3 percent year-on-year increase, while the company’s exports in this category to Central and Eastern Europe totaled 45.46 million yuan, up 39.2 percent compared with 2023.

    Li said the increasing penetration of the internet in Central and Eastern Europe has allowed e-commerce to expand at a remarkable pace in countries such as Poland, the Czech Republic and Romania. The company’s cross-border e-commerce exports emerged as a key growth driver after it deployed resources in this business segment in the region, he added.

    As China continued to enhance its high-value export portfolio and deepen its market presence in emerging economies, the nation’s foreign trade rose 5 percent year-on-year to reach a record high of 43.85 trillion yuan in 2024, according to the General Administration of Customs.

    Meanwhile, China’s mechanical and electrical product exports grew 8.7 percent year-on-year, accounting for 59.4 percent of the country’s total exports. Last year, the country’s EV exports rose 13.1 percent compared with 2023, while its 3D printer exports increased 32.8 percent and industrial robot exports surged 45.2 percent.

    Lan Qingxin, a professor at the School of International Trade and Economics of the University of International Business and Economics in Beijing, said the restructuring of global supply chains and protectionist moves in certain countries have pushed Chinese companies to adapt and leverage their strong manufacturing and technological capabilities.

    By responding innovatively to these changes, the companies can meet market needs in other emerging economies, thereby enhancing their competitiveness and expanding their global presence, said Lan.

    A Chinese business delegation, organized by the China Council for the Promotion of International Trade, departed on Monday for Kazakhstan to explore new opportunities for economic and trade exchanges.

    During the four-day trip, the delegation, comprising representatives of more than 30 Chinese companies across industries such as petrochemicals and machinery manufacturing, hopes to sign several cooperation agreements and foster mutually beneficial outcomes.

    MIL OSI China News –

    February 12, 2025
  • MIL-OSI United Kingdom: Scottish activity at Expo 2025

    Source: Scottish Government

    Showcasing key industries to global audiences

    Scotland’s innovation, skills and natural resources are to be showcased at Expo 2025 Osaka in Japan later this year.

    Three one day events at the global exhibition will highlight the country’s strengths in creative industries, life sciences and the offshore wind sector.

    It follows a successful attendance at Expo 2020 in Dubai, which generated forecast sales of almost £90 million for participating Scottish businesses.

    Games companies will be the focus of the creative industries day on 17 April, including eight being supported through the Scottish Government’s Techscaler business accelerator. Also attending will be KeelWorks, an established Edinburgh game development company with an existing deal with Japanese publisher KONAMI.

    Business Minister Richard Lochhead visited the company to launch the Expo programme and hear about its export success.

    Mr Lochhead said:

    “This is an opportunity for Scotland to showcase and shine on the global stage. Our message in Osaka will be simple – Scotland is open for business and is one of the best places in the world to invest.

    “We will demonstrate first hand that we have the skills, technology and opportunities in a range of emerging industries. KeelWorks is just one example of that and later in the year our buoyant life sciences businesses and the offshore wind sector will also be centre stage.

    “Japanese businesses already recognise Scotland’s economic potential, including Sumitomo, which is currently building a subsea cable factory at Nigg in the Highlands. I am confident that further companies and significant investment will follow as result of our presence at the Expo.”

    KeelWorks Chief Executive Meher Kalenderian said:

    “This activity is about strengthening connections, driving investment and opening new doors for collaboration. So, we’re thrilled to be part of Scotland’s presence at Expo 2025 Osaka, highlighting the strong business opportunities between Scotland and Japan’s prominent gaming industries.

    “This platform offers a great chance to showcase our thriving creative sector and build new collaborations. At KeelWorks, we’ve seen first-hand the value of such partnerships through our work with KONAMI on CYGNI: All Guns Blazing.

    “Our presence at the Expo reflects the growing potential for Scottish and Japanese gaming sectors to engage, as both countries lead in innovation.”

    Background

    Expo 2025 Osaka takes place from 13 April to 13 October. It is an international event at which countries, organisations and companies showcase innovations, cultural exchanges and solutions to global challenges. It is expected to attract about 28 million visitors and more than 150 participating countries. Scotland’s three events are supported by Scottish Enterprise.

    Scotland’s first Trade Envoy to Japan was appointed in October 2024. The unpaid role will last for an initial two-year period.

    MIL OSI United Kingdom –

    February 12, 2025
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