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Category: DJF

  • MIL-OSI New Zealand: Tech founders get keys to home ownership with BNZ’s new home loan solution

    Source: BNZ Statements

    Tech founders creating innovative, high growth companies can face a surprising obstacle outside the startup ecosystem – they frequently struggle to secure home loans.

    Bank of New Zealand (BNZ) has addressed this challenge with the launch of Founder Housing: a new home loan solution designed specifically for tech entrepreneurs.

    The new proposition addresses a common frustration in the tech community: founders of tech companies often have business losses counted against their personal income, which can make them ineligible for home loans, even when their businesses are thriving and backed by significant investment.

    “We kept hearing the same story from tech founders and entrepreneurs,” says Tim Wixon, Head of Technology Industries at BNZ.

    “They’d built promising companies, secured investment, and were earning good salaries, but couldn’t buy homes because traditional lending criteria didn’t recognise the way high-growth tech startups operate. It just didn’t make sense.”

    One founder’s journey

    Startup founder Emily Blythe’s experience illustrates this challenge. As CEO of Pyper Vision, an innovative aerospace startup developing AI-powered fog forecasting technology, Blythe has built a company with strong financial backing and major partnerships, including trials with Air New Zealand and British Airways CityFlyer. Yet when she tried to buy her first home, traditional lending criteria worked against her.

    “I had a stable salary and a consistent track record of Pyper Vision paying me, but that wasn’t recognised by most banks,” Blythe explains. “What was particularly frustrating was that two of my team had recently secured bank loans easily, but because they were employees rather than the founder, banks viewed their positions as more secure than mine.”

    Despite Pyper Vision’s strong fundamentals – including Startmate accelerator backing, government support, and enterprise partnerships – Blythe was rejected by eight different banks over a three-month period.

    “I spoke to other founders going through the same struggle who couldn’t find a solution,” she says.

    “They were having their partners buy houses instead or setting up complex trust structures – anything to work around the system.”

    Blythe’s experience highlights exactly why BNZ developed Founder Housing.

    The problem stems from how growth-focused tech companies structure their finances. Early-stage businesses typically prioritise R&D, marketing and expansion over profit, creating accounting losses that appear on founders’ personal financial assessments despite potentially strong business fundamentals.

    BNZ’s Founder Housing takes a different approach by evaluating business viability and potential rather than focusing solely on profit and loss statements. The solution recognises institutional investment as a positive indicator and includes specialised assessment criteria tailored to tech companies.

    “It’s about applying the right approach and metrics for this type of business model,” Wixon says.

    “A founder running an equity-backed company with strong growth metrics is often a very different proposition from what traditional lending criteria might suggest.”

    For Blythe, BNZ’s approach proved different.

    “It wasn’t the standard black-and-white response of ‘you’re a founder, therefore we can’t approve this.’ BNZ actually evaluated both the company’s financial position as a tech business and my personal circumstances together. It was a much more logical and rational approach.”

    Securing her Christchurch home has provided crucial stability for her role leading an international business.

    “Having my own home gives me the freedom to travel for work, knowing I have a secure base to return to. It’s the first time I’ve felt properly grounded.”

    Her advice to other tech founders facing similar challenges is clear: “I’d strongly recommend working with BNZ’s team. The traditional banking approach to founders is just ridiculous.”

    Banking on growth

    Founder Housing builds on BNZ’s established commitment to supporting New Zealand’s tech ecosystem.

    The bank has pioneered several innovative financing solutions for technology companies, including Revenue Based Financing for SaaS businesses launched in 2021, and Contracted Receivables Financing introduced in 2023 to help high-tech manufacturing, infrastructure, software-enabled hardware and biotech companies access capital based on signed contracts rather than traditional profit measures.

    Last month, BNZ also announced fast-approval unsecured business loans up to $50,000 that can be confirmed in just three minutes, recognising that businesses need to move quickly when opportunities arise.

    “We’ve been working to rewrite the playbook for how banks can better support tech companies at every stage of their journey,” Wixon says.

    “Founder Housing is the natural extension of that work – supporting the founders themselves, not just their businesses.”

    The solution’s introduction comes at a time when supporting innovation and competitive business settings are increasingly recognised as vital for economic development.

    “We’re proud to be the first major bank to turn this approach into a formal proposition,” Wixon says.

    “By understanding the unique challenges these founders face, we can help them build personal assets while they continue growing their businesses here in New Zealand, helping to attract and retain talent in Aotearoa.

    *All home loans are subject to BNZ lending criteria (including minimum equity requirements), terms and fees.

    The post Tech founders get keys to home ownership with BNZ’s new home loan solution appeared first on BNZ Debrief.

    MIL OSI New Zealand News –

  • BRICS leaders condemn Pahalgam terror attack, call out “double standards” on terrorism

    Source: Government of India

    Source: Government of India (4)

    Leaders of BRICS nations on Sunday strongly condemned the April 22 terror attack in Pahalgam, Jammu and Kashmir, which claimed the lives of 26 tourists.

    In a joint declaration at the summit in Rio de Janeiro, the leaders described terrorism as “criminal and unjustifiable”, regardless of the motive or perpetrators.

    “We condemn in the strongest terms the terrorist attack in Jammu and Kashmir on 22 April 2025, during which at least 26 people were killed and many more injured. We reaffirm our commitment to combating terrorism in all its forms and manifestations, including the cross-border movement of terrorists, terrorism financing and safe havens,” the declaration said.

    BRICS leaders underlined that terrorism should not be linked with any religion, nationality, civilisation or ethnic group, and demanded that those involved be held accountable under national and international law.

    “We urge zero tolerance for terrorism and reject double standards in countering it. We stress the primary responsibility of States in combating terrorism and that global efforts must comply with international law, including the UN Charter and relevant conventions on human rights, refugees and humanitarian law,” the declaration added.

    The leaders welcomed the work of the BRICS Counter-Terrorism Working Group (CTWG) and its five subgroups under the Counter-Terrorism Strategy and Action Plan, and called for further cooperation. They also pushed for early adoption of the Comprehensive Convention on International Terrorism within the UN framework and urged “concerted action” against all UN-designated terrorists and terror entities.

    The statement comes weeks after National Security Advisor Ajit Doval raised the Pahalgam attack at the Shanghai Cooperation Organisation (SCO) Security Council Secretaries’ meeting in Beijing. Doval had underlined the continued threat from groups like Lashkar-e-Taiba and Jaish-e-Mohammed operating with state support from Pakistan, as well as Al Qaeda, ISIS and their affiliates.

    India has repeatedly urged SCO members to reject double standards on terrorism and to hold perpetrators, organisers, financiers and sponsors of cross-border terror accountable.

    IANS

  • MIL-OSI Africa: Asmara Technical School Graduates 143 Students

    Source: APO


    .

    Asmara Technical School yesterday graduated 143 students, including 61 female students, who completed two years of theoretical and practical training in auto mechanics, construction, woodwork, electronics, and electricity.

    Mr. Semere Worede, Director of the school, stated that Asmara Technical School is graduating students for the 64th time and that, in the 70 years since its establishment, it has graduated over 10,000 students.

    Mr. Semere noted that the school, with substantial investment from the Government is equipped with modern teaching facilities and is playing a significant role in producing youth equipped with the necessary professional skills to contribute to the nation-building process.

    Mr. Tesfay Seium, Director General of Technical and Vocational Education at the Ministry of Education, called on the graduates to apply the training they received toward the implementation of national development programs.

    A representative of the graduates expressed their commitment to making meaningful contributions in their future workplaces by applying the knowledge and skills acquired during their training.

    At the event, awards were presented to outstanding students, and certificates of recognition were given to teachers and members of the parents’ committee.

    Since its establishment, Asmara Technical School has graduated 10,300 students.

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

    MIL OSI Africa –

  • PM Modi calls for urgent reforms in global governance at 17th BRICS Summit

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Sunday called for urgent reforms in global governance institutions, emphasising that the interests of the Global South must be given due importance in decision-making bodies that were built in the 20th century but continue to shape 21st-century challenges.

    Addressing the BRICS session on the ‘Reform of Global Governance’ in Rio de Janeiro, the Prime Minister extended his gratitude to Brazilian President Luiz Inácio Lula da Silva for the “excellent organisation” of the summit and praised his “vision and unwavering commitment” in energising the bloc.

    PM Modi remarked that under Brazil’s leadership, BRICS cooperation had received not just an “espresso” but a “double espresso shot”, applauding President Lula’s dynamic role. He also congratulated Indonesia’s President Prabowo Subianto on Indonesia’s inclusion in the BRICS grouping, calling it a welcome expansion of the bloc’s partnership.

    Highlighting the persistent neglect faced by the Global South, the PM said that developing nations have often been met with “double standards” on issues such as development, fair distribution of resources, and security. He pointed out that promises on climate finance, sustainable development, and technology transfer have frequently amounted to “nothing more than token gestures”.

    “Two-thirds of humanity still lack proper representation in global institutions built in the 20th century,” the Prime Minister noted, adding that this lack of inclusion affects the credibility and effectiveness of such bodies. Drawing an analogy, PM Modi said, “Without the Global South, these institutions are like a mobile phone with a SIM card but no network.”

    Calling for a new “multipolar and inclusive world order”, the Prime Minister urged BRICS nations to push for reforms in major global institutions, including the UN Security Council, the World Trade Organization, and Multilateral Development Banks. He stressed that these changes must go beyond symbolism and deliver tangible results, including reforms in governance structures, voting rights, and leadership roles.

    “In an age where technology evolves every week, it is unacceptable for global institutions to go eighty years without reform. You can’t run 21st-century software on 20th-century typewriters,” PM Modi said.

    The Prime Minister underscored India’s commitment to work constructively with BRICS partners to advance the interests of the Global South and humanity at large.

    “India has always considered it a duty to rise above self-interest and work for the greater good of humanity. We remain fully committed to contributing to this shared goal,” he said.

  • PM Modi calls for urgent reforms in global governance at 17th BRICS Summit

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Sunday called for urgent reforms in global governance institutions, emphasising that the interests of the Global South must be given due importance in decision-making bodies that were built in the 20th century but continue to shape 21st-century challenges.

    Addressing the BRICS session on the ‘Reform of Global Governance’ in Rio de Janeiro, the Prime Minister extended his gratitude to Brazilian President Luiz Inácio Lula da Silva for the “excellent organisation” of the summit and praised his “vision and unwavering commitment” in energising the bloc.

    PM Modi remarked that under Brazil’s leadership, BRICS cooperation had received not just an “espresso” but a “double espresso shot”, applauding President Lula’s dynamic role. He also congratulated Indonesia’s President Prabowo Subianto on Indonesia’s inclusion in the BRICS grouping, calling it a welcome expansion of the bloc’s partnership.

    Highlighting the persistent neglect faced by the Global South, the PM said that developing nations have often been met with “double standards” on issues such as development, fair distribution of resources, and security. He pointed out that promises on climate finance, sustainable development, and technology transfer have frequently amounted to “nothing more than token gestures”.

    “Two-thirds of humanity still lack proper representation in global institutions built in the 20th century,” the Prime Minister noted, adding that this lack of inclusion affects the credibility and effectiveness of such bodies. Drawing an analogy, PM Modi said, “Without the Global South, these institutions are like a mobile phone with a SIM card but no network.”

    Calling for a new “multipolar and inclusive world order”, the Prime Minister urged BRICS nations to push for reforms in major global institutions, including the UN Security Council, the World Trade Organization, and Multilateral Development Banks. He stressed that these changes must go beyond symbolism and deliver tangible results, including reforms in governance structures, voting rights, and leadership roles.

    “In an age where technology evolves every week, it is unacceptable for global institutions to go eighty years without reform. You can’t run 21st-century software on 20th-century typewriters,” PM Modi said.

    The Prime Minister underscored India’s commitment to work constructively with BRICS partners to advance the interests of the Global South and humanity at large.

    “India has always considered it a duty to rise above self-interest and work for the greater good of humanity. We remain fully committed to contributing to this shared goal,” he said.

  • MIL-OSI Russia: Beijing to host Global Dialogue of Civilizations ministerial meeting

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 7 (Xinhua) — The Ministerial Meeting of the Global Dialogue of Civilizations on “Preserving the Diversity of Human Civilizations for World Peace and Development” will be held in Beijing from July 10 to 11.

    More than 600 people from approximately 140 countries and regions registered to participate in the event. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Air route adjustment benefits both sides of Taiwan Strait — State Council Taiwan Affairs Office

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 6 (Xinhua) — Chen Binhua, spokesperson for the Taiwan Affairs Office of the State Council, said Sunday that the newly launched W121 air route, which connects with the M503 route, will benefit people on both sides of the Taiwan Strait.

    As Chen Binhua noted in response to a reporter’s question, this measure was taken to reduce air traffic congestion, improve flight safety and reduce flight delays.

    The Civil Aviation Administration of China announced the route adjustment on Sunday.

    Chen Binhua stressed that the M503 air route is within the Shanghai flight information region, and the organization and operation of this route is a routine procedure for the airspace management of civil aviation in mainland China.

    “The previous route changes have improved the operation of flights across the Taiwan Strait and further facilitated cross-strait people-to-people exchanges,” the spokesperson added. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • BRICS nations urge advanced economies to scale up climate finance for developing countries

    Source: Government of India

    Source: Government of India (4)

    BRICS member nations have called on advanced economies and the international financial system to provide “substantial” financing to support climate mitigation efforts in developing economies.

    “We call on advanced economies and other relevant actors in the international financial system, as well as the private sector, to provide substantial finance for climate actions in developing countries, including by expanding concessional finance and increasing private capital mobilisation,” Finance Ministers and Central Bank Governors of BRICS countries said in a joint statement on Sunday, just ahead of the Summit.

    Highlighting the growing needs of emerging markets and developing economies (EMDEs), the group urged international financial institutions to scale up adaptation support and create conditions that would attract greater private sector participation in mitigation efforts.

    BRICS members also acknowledged the structural challenges posed by climate change, energy transitions, biodiversity loss and conservation efforts.

    “We reaffirm that predictable, equitable, accessible and affordable climate finance is indispensable for just transitions, in line with country circumstances and development priorities, and for meeting the goals of the UNFCCC and its Paris Agreement,” the statement said.

    India, a BRICS member, has consistently advocated for stronger climate finance arrangements, primarily from developed countries that are historically major carbon emitters. India has repeatedly underlined the need for adequate financial support, particularly for the Global South.

    Climate finance generally refers to funding directed at mitigation and adaptation measures to tackle climate change. Developing countries have long argued that developed nations, being historically larger emitters, must shoulder greater responsibility for funding mitigation and adaptation.

    Against the backdrop of global economic uncertainty and volatility, BRICS members said the International Monetary Fund (IMF) must remain adequately resourced and flexible to protect its members, particularly the most vulnerable.

    The statement also welcomed the New Development Bank’s steady efforts to expand its funding capacity, promote local currency financing, diversify funding sources, and back projects that advance sustainable development, reduce inequality and drive investment in infrastructure and economic integration.

    “As the New Development Bank is set to embark on its second golden decade of high-quality development, we recognise and support its growing role as a robust and strategic agent of development and modernisation in the Global South,” it said.

    BRICS members also reaffirmed that they would continue working through the second half of 2025 to push forward these initiatives and strengthen coordination for a smooth transition to India’s presidency in 2026.

    Finance Ministers and Central Bank Governors of BRICS countries met in Rio de Janeiro, Brazil, on July 5 under the theme, “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance.”

    Together, BRICS countries — Brazil, Russia, India, China and South Africa — account for nearly half of the world’s population, spread across four continents, and nearly 40 per cent of global GDP. The bloc has become more integrated with the world economy and now represents about a quarter of global trade and investment flows.

    The joint statement underlined that more needs to be done to ensure the benefits of globalisation, economic growth and productivity are shared more equally.

    According to a report by Rubix Data Sciences, total international trade (exports plus imports) of BRICS countries stood at USD 10.5 trillion in 2024, growing at a compound annual growth rate of 7.9 per cent between 2020 and 2024.

    BRICS nations remain net exporters, collectively selling more goods abroad than they import, underlining their strong production capacity and growing clout in global trade.

  • MIL-OSI Russia: Guangdong province steps up precautions against Typhoon Danas

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    GUANGZHOU, July 6 (Xinhua) — An emergency response was issued Sunday in south China’s Guangdong Province for Typhoon Danas, the fourth typhoon recorded this year by China’s meteorological service. The center of the typhoon was located 230 km southeast of Shantou City at 8 a.m., with wind speeds of up to 36.9 m/s near the center, local sources said.

    The provincial emergency management agency said 361 vessels in the dangerous waters had returned to ports by 2 p.m., and more than 2,000 people had been evacuated from maritime facilities. All five coastal tourist areas in the province have been closed.

    Six rescue helicopters are deployed in key cities, 21 patrol ships and 64 emergency rescue vessels are on standby along the coast.

    Meteorologists have warned that heavy rain and gusty winds are expected in eastern coastal areas. The provincial flood and drought control headquarters has called for increased vigilance against the possible impact of adverse weather. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Video: President Cyril Ramaphosa, received by President Luiz Inacio Lula da Silva for XVII BRICS Summit.

    Source: Republic of South Africa (video statements)

    His excellency President Cyril Ramaphosa, received by His Excellency Luiz Inacio Lula da Silva, President of the Federative Republic of Brazil, arrives at Museum of Modern Arts, In Rio de Janeiro, Brazil to attend the XVII BRICS Summit held from 6 to 7 July 2025.

    The theme of the Rio Summit is “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance”.

    The Summit agenda emphasises the positive role that BRICS can play in shaping a more fair and just multipolar world order and demonstrating global leadership in global health, climate change and AI governance.

    Stay updated, South Africa! Subscribe to The Presidency’s Channel here: https://www.youtube.com/@PresidencyZA/?sub_confirmation=1.

    Checkout more: http://www.thepresidency.gov.za

    Get Social
    Facebook ► https://www.facebook.com/PresidencyZA
    Instagram ► https://www.instagram.com/presidencyza/?hl=en
    Twitter ► @PresidencyZA

    #ThePresidencyofSouthAfrica #PresidencyZA

    https://www.youtube.com/watch?v=bTIplp4de0c

    MIL OSI Video –

  • MIL-OSI Video: President Cyril Ramaphosa joins other Heads of State and Government for BRICS Summit Family Photo

    Source: Republic of South Africa (video statements)

    His Excellency President Cyril Ramaphosa joins other Heads of State and Government for the XVII BRICS Summit Family Photo.

    During the XVII BRICS Summit session Heads of State and Government are expected to deliberate on issues pertaining to global governance reform, peace and security, the ongoing humanitarian impact of Israeli military action in Gaza and in conflicts in Sudan, Ukraine, Iran, and advocating for the sustainable resolution of conflicts through diplomacy, inclusive dialogue and a commitment to the United Nations Charter.

    For South Africa, these deliberations will enhance our efforts to further diversify trade and enhance resilience, growth and development.

    The Summit will also look into synergies between BRICS, COP30 and G20 outcomes, including in global governance of artificial intelligence and prioritising climate finance that is just, accessible and transformational.

    South Africa emphasises concrete cooperation that contributes both directly and indirectly to the priorities of a better South Africa, a better Africa, and a better world through its partnership in BRICS.

    Stay updated, South Africa! Subscribe to The Presidency’s Channel here: https://www.youtube.com/@PresidencyZA/?sub_confirmation=1.

    Checkout more: http://www.thepresidency.gov.za

    Get Social
    Facebook ► https://www.facebook.com/PresidencyZA
    Instagram ► https://www.instagram.com/presidencyza/?hl=en
    Twitter ► @PresidencyZA

    #ThePresidencyofSouthAfrica #PresidencyZA

    https://www.youtube.com/watch?v=i7Msq4auyDg

    MIL OSI Video –

  • MIL-OSI Security: FEMA Activates in Texas Following President Trump’s Major Disaster Declaration Announcement

    Source: US Department of Homeland Security

    FEMA will partner with Texas state and local authorities to provide resources and assist in recovery efforts

    WASHINGTON – Today, the Federal Emergency Management Agency (FEMA) has been activated in Texas following President Trump’s Major Disaster Declaration. 

    Beginning on the evening of July 3, heavy storms across the state of Texas produced rainfall totals between 5 to 15 inches and over 18 inches in some isolated areas, leading to significant flooding, especially in Kerr County located in the Texas Hill Country. 

    “Thank you, President Trump. We are currently deploying federal emergency management resources to Texas first responders, and will work closely with state and local authorities to ensure the people of Texas get the support they need as search efforts continue and recovery begins,” said Secretary Kristi Noem. “Pray for the victims, the families, and our first responders. God bless Texas.”

    The Department of Homeland Security will ensure that state and local authorities have the resources they need to lead a swift and effective response amid this tragic disaster. Secretary Noem was on the ground with Governor Abbott and local leaders on Saturday and will continue to work to make sure Texas has the resources needed to respond and recover. 

    In addition, the United States Coast Guard (USCG) is working around the clock, including overnight, on search and rescue operations. Today, USCG continues to fly two helicopters in the Llano, Texas area and is assisting with two helicopters and three C-144 airplanes equipped with thermal cameras to find more survivors. 850 people have been rescued.

    Individuals who sustained losses in the designated areas should first file claims with their insurance providers and then apply for assistance by registering online at www.DisasterAssistance.gov, by calling 1-800-621-3362 or by using the FEMA App. If you use a relay service, such as video relay service (VRS), captioned telephone service or others, provide FEMA the number for that service. 

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    MIL Security OSI –

  • BRICS expands footprint, eyes stronger Global South cooperation under Brazil’s 2025 chairship

    Source: Government of India

    Source: Government of India (4)

    The BRICS grouping, which brings together major emerging economies, has continued to expand its global footprint, adding new members and partners while outlining ambitious plans to deepen cooperation across sectors under Brazil’s ongoing chairship in 2025.

    Originally coined as BRIC by Goldman Sachs in 2001 in its paper The World Needs Better Economic BRICs, the acronym referred to Brazil, Russia, India and China, which the firm projected would occupy larger shares of the global economy in the coming decades. The idea took formal shape in 2006, when the leaders of Russia, India and China met on the sidelines of the G8 Outreach Summit in St. Petersburg. That same year, the first BRIC Foreign Ministers’ meeting was held alongside the UN General Assembly in New York, setting the stage for structured dialogue.

    The first BRIC Summit was hosted in Yekaterinburg, Russia, in 2009. The group became BRICS with the inclusion of South Africa in 2010. South Africa formally joined the third BRICS Summit held in Sanya in 2011.

    More than a decade later, the bloc witnessed its most significant expansion yet. In January 2024, Egypt, Ethiopia, Iran and the United Arab Emirates became full members, followed by Indonesia’s entry as a full member in January 2025. Nine other countries — Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda and Uzbekistan — were inducted as BRICS partner countries this year, underlining the group’s growing influence in the Global South.

    Together, the expanded BRICS now represents nearly half of the world’s population, contributes about 40 percent of global GDP, and accounts for roughly a quarter of global trade.

    Two pillars of cooperation

    BRICS functions through two broad mechanisms: consultations on issues of common interest through summits and ministerial meetings, and practical cooperation through working groups and senior officials in sectors such as trade, finance, health, education, science and technology, agriculture, environment, energy, labour, disaster management, anti-corruption and counter-narcotics efforts.

    Business linkages are promoted through the BRICS Business Council and the BRICS Women Business Alliance, while other exchanges span parliamentary forums, conferences and people-to-people initiatives.

    India’s 2021 chairship

    India last held the chairship in 2021, coinciding with the 15th anniversary of the bloc. Operating under the theme ‘BRICS@15: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus’, India set priorities that focused on multilateral reform, counter-terrorism cooperation, digital tools for Sustainable Development Goals and wider people-to-people engagement.

    Over 150 meetings were convened during India’s term, including the Leaders’ Summit held virtually on September 9, 2021, and meetings of Foreign Ministers, National Security Advisers and key sectoral ministers. Several new initiatives were launched, including the first BRICS Digital Health Summit, the first Water Ministers’ Meeting, the adoption of a Counter-Terrorism Action Plan, the launch of the BRICS Alliance for Green Tourism and the signing of an agreement on a BRICS Remote Sensing Satellite Constellation.

    Brazil takes charge in 2025

    Brazil assumed the BRICS chairship on January 1, 2025, under the theme ‘Strengthening Global South Cooperation for More Inclusive and Sustainable Governance’. Brazil’s agenda focuses on deepening partnerships within the Global South and enhancing social, economic and environmental development across member states.

    The priorities for Brazil’s presidency include cooperation on global health, trade, investment and finance, climate change action, governance of artificial intelligence, institutional development and a push for reform of the global peace and security architecture.

    Nearly 120 events are planned under Brazil’s chairship this year, signalling the group’s intent to maintain momentum on issues that resonate with emerging economies.

  • ICC ODI rankings: West Indies slip to 10th spot, automatic qualification for 2027 WC at risk

    Source: Government of India

    Source: Government of India (4)

    In the latest International Cricket Council (ICC) ODI Rankings, two-time champions West Indies have slipped out of the automatic qualification spots for the 2027 ICC Cricket World Cup, putting them at risk of missing another appearance at the marquee tournament.

    The latest ICC rankings update came after Bangladesh’s victory in the second ODI against Sri Lanka, where they defended a total of 248 runs in Colombo, thanks to a brilliant five-wicket haul from Taijul Islam. The win helped Bangladesh level the three-match series 1-1 and lifted them to ninth place in the men’s ODI team rankings, according to Wisden.

    However, the West Indies still have time to climb back into the required qualification spots before the cutoff date for the World Cup rankings.

    The West Indies have now dropped to the 10th spot and sit outside the automatic qualification places for the 2027 ICC Cricket World Cup. The 2027 edition will feature 14 teams, with South Africa and Zimbabwe automatically qualifying as co-hosts. However, Namibia, the third co-host, will not receive automatic entry as they are not a full ICC member playing Test cricket.

    The top eight teams (excluding the hosts) will qualify based on their ODI rankings as of March 31, 2027. The remaining four spots will be decided through a qualifier tournament featuring 10 teams.

    The Men in Maroon will be keen to avoid the qualifiers, having been forced to play them for the 2023 edition and subsequently missing their first World Cup since the tournament’s inception in 1975, after losing to the Netherlands and Sri Lanka in the qualifiers.

    Elsewhere in the latest ICC ODI Rankings, Sri Lanka dropped to fifth after their loss, while Pakistan moved up to fourth. The ICC Champions Trophy holders India remain at the top with 124 points, followed by second-placed Australia and third-placed New Zealand, who both have 109 rating points.

    (ANI)

     

  • MIL-OSI Analysis: The oldest rocks on Earth are more than four billion years old

    Source: The Conversation – Canada – By Hanika Rizo, Associate Professor, Department of Earth Sciences, Carleton University

    Earth formed about 4.6 billion years ago, during the geological eon known as the Hadean. The name “Hadean” comes from the Greek god of the underworld, reflecting the extreme heat that likely characterized the planet at the time.

    By 4.35 billion years ago, the Earth might have cooled down enough for the first crust to form and life to emerge.

    However, very little is known about this early chapter in Earth’s history, as rocks and minerals from that time are extremely rare. This lack of preserved geological records makes it difficult to reconstruct what the Earth looked like during the Hadean Eon, leaving many questions about its earliest evolution unanswered.

    We are part of a research team that has confirmed the oldest known rocks on Earth are located in northern Québec. Dating back more than four billion years, these rocks provide a rare and invaluable glimpse into the origins of our planet.

    Geologists Jonathan O’Neil and Chris Sole examine rocks in northern Québec.
    (H. Rizo), CC BY

    Remains from the Hadean Eon

    The Hadean Eon is the first period in the geological timescale, spanning from Earth’s formation 4.6 billion years ago and ending around 4.03 billion years ago.

    The oldest terrestrial materials ever dated by scientists are extremely rare zircon minerals that were discovered in western Australia. These zircons were formed as early as 4.4 billion years ago, and while their host rock eroded away, the durability of zircons allowed them to be preserved for a long time.

    Studies of these zircon minerals has given us clues about the Hadean environment, and the formation and evolution of Earth’s oldest crust. The zircons’ chemistry suggests that they formed in magmas produced by the melting of sediments deposited at the bottom of an ancient ocean. This suggests that the zircons are evidence that the Hadean Eon cooled rapidly, and liquid water oceans were formed early on.

    Other research on the Hadean zircons suggests that the Earth’s earliest crust was mafic (rich in magnesium and iron). Until recently, however, the existence of that crust remained to be confirmed.

    In 2008, a study led by one of us — associate professor Jonathan O’Neil (then a McGill University doctoral student) — proposed that rocks of this ancient crust had been preserved in northern Québec and were the only known vestige of the Hadean.

    Since then, the age of those rocks — found in the Nuvvuagittuq Greenstone Belt — has been controversial and the subject of ongoing scientific debate.

    The Nuvvuagittuq Greenstone Belt in northern Québec.
    (H. Rizo), CC BY

    ‘Big, old solid rock’

    The Nuvvuagittuq Greenstone Belt is located in the northernmost region of Québec, in the Nunavik region above the 55th parallel. Most of the rocks there are metamorphosed volcanic rocks, rich in magnesium and iron. The most common rocks in the belt are called the Ujaraaluk rocks, meaning “big old solid rock” in Inuktitut.

    The age of 4.3 billion years was proposed after variations in neodymium-142 were detected, an isotope produced exclusively during the Hadean through the radioactive decay of samarium-146. The relationship between samarium and neodymium isotope abundances had been previously used to date meteorites and lunar rocks, but before 2008 had never been applied to Earth rocks.

    This interpretation, however, was challenged by several research groups, some of whom studied zircons within the belt and proposed a younger age of at most 3.78 billion years, placing the rocks in the Archean Eon instead.

    Confirming the Hadean Age

    In the summer of 2017, we returned to the Nuvvuagittuq belt to take a closer look at the ancient rocks. This time, we collected intrusive rocks — called metagabbros — that cut across the Ujaraaluk rock formation, hoping to obtain independent age constraints. The fact that these newly studied metagabbros are in intrusion in the Ujaraaluk rocks implies that the latter must be older.

    The project was led by masters student Chris Sole at the University of Ottawa, who joined us in the field. Back in the laboratory, we collaborated with French geochronologist Jean-Louis Paquette. Additionally, two undergraduate students — David Benn (University of Ottawa) and Joeli Plakholm (Carleton University) participated to the project.

    We combined our field observations with petrology, geochemistry, geochronology and applied two independent samarium-neodymium age dating methods, dating techniques used to assess the absolute ages of magmatic rocks, before they became metamorphic rocks. Both assessments yielded the same result: the intrusive rocks are 4.16 billion years old.

    Sunset at the Nuvvuagittuq Greenstone Belt.
    (H. Rizo), CC BY

    The oldest rocks

    Since these metagabbros cut across the Ujaraaluk formation, the Ujaraaluk rocks must be even older, placing them firmly in the Hadean Eon.

    Studying the Nuvvuagittuq rocks, the only preserved rocks from the Hadean, provides a unique opportunity to learn about the earliest history of our planet. They can help us understand how the first continents formed, and how and when Earth’s environment evolved to become habitable.

    Hanika Rizo receives funding from the Natural Sciences and Engineering Research Council of Canada (NSERC).

    Jonathan O’Neil receives funding from the Natural Sciences and Engineering Research Council of Canada.

    – ref. The oldest rocks on Earth are more than four billion years old – https://theconversation.com/the-oldest-rocks-on-earth-are-more-than-four-billion-years-old-259657

    MIL OSI Analysis –

  • MIL-OSI Russia: Breaking: China ready to advance flagship project under Belt and Road, boost trade, investment with Ethiopia – Chinese Premier

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    RIO DE JANEIRO, July 6 (Xinhua) — China is willing to work with Ethiopia to promote the sustainable development of the Addis Ababa-Djibouti railway, a flagship project of the high-quality joint construction of the Belt and Road, and expand bilateral trade and investment, Chinese Premier Li Qiang said in Rio de Janeiro on Sunday.

    Li Qiang made the statement during a meeting with Ethiopian Prime Minister Abiy Ahmed.

    The Chinese leader arrived in Rio de Janeiro on Saturday to attend the 17th BRICS summit. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: 桑 Breaking: Chinese Premier Calls for Promoting Genuine Multilateralism

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    RIO DE JANEIRO, July 6 (Xinhua) — China is willing to work with Ethiopia to promote joint efforts by all parties to implement genuine multilateralism and resolutely safeguard economic globalization and free trade, Chinese Premier Li Qiang said in Rio de Janeiro on Sunday.

    Li Qiang made the remarks during a meeting with Ethiopian Prime Minister Abiy Ahmed on the sidelines of the 17th BRICS summit. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • India has never faced fuel shortage, says Hardeep Puri

    Source: Government of India

    Source: Government of India (4)

    Petroleum and Natural Gas Minister Hardeep Singh Puri on Sunday said India has never faced a shortage of petroleum products, even during the Covid pandemic or global conflicts, crediting the government’s foresight for ensuring uninterrupted supplies.

    “Whether it was the period of the global Covid pandemic or geopolitical tensions, there has never been a shortage of petroleum products in India. This has been possible due to the foresight of Prime Minister Narendra Modi,” Puri said.

    Referring to the recent tensions in the Middle East, including the Israeli attack on Iran that disrupted shipping and threatened closure of the Strait of Hormuz, Puri said India has gradually reduced its dependence on the critical passage.

    “Under Prime Minister Modi’s leadership, we have diversified our supplies in recent years, and a large share of our imports no longer passes through the Strait of Hormuz,” he said.

    India meets about 85 per cent of its crude oil needs through imports. A spike in global oil prices directly raises its import bill and fuels inflation, impacting economic growth. To cushion this, India has expanded its oil sources, ramping up imports from Russia and the US, and building strategic reserves.

    The minister said India now has 23 operational refineries with a combined capacity of 257 million metric tonnes per annum. He also highlighted the setting up of strategic petroleum reserves to ensure supply security during disruptions.

    The country’s storage capacity includes 2.25 million metric tonnes at Pudur, 1.33 MMT at Visakhapatnam, and 1.5 MMT at Mangalore.

    Puri also pointed to the government’s push for green fuels, noting that India has met its target of 20 per cent ethanol blending with petrol six years ahead of schedule. E20 petrol is now available at outlets of Indian Oil, Bharat Petroleum, and Hindustan Petroleum across the country.

    “This achievement not only cuts carbon emissions but also saves huge amounts of money. We have saved over Rs 1 lakh crore domestically and Rs 1.5 lakh crore in foreign exchange by reducing our import bill, and this money has gone to our farmers,” he said.

    — IANS

  • India has never faced fuel shortage, says Hardeep Puri

    Source: Government of India

    Source: Government of India (4)

    Petroleum and Natural Gas Minister Hardeep Singh Puri on Sunday said India has never faced a shortage of petroleum products, even during the Covid pandemic or global conflicts, crediting the government’s foresight for ensuring uninterrupted supplies.

    “Whether it was the period of the global Covid pandemic or geopolitical tensions, there has never been a shortage of petroleum products in India. This has been possible due to the foresight of Prime Minister Narendra Modi,” Puri said.

    Referring to the recent tensions in the Middle East, including the Israeli attack on Iran that disrupted shipping and threatened closure of the Strait of Hormuz, Puri said India has gradually reduced its dependence on the critical passage.

    “Under Prime Minister Modi’s leadership, we have diversified our supplies in recent years, and a large share of our imports no longer passes through the Strait of Hormuz,” he said.

    India meets about 85 per cent of its crude oil needs through imports. A spike in global oil prices directly raises its import bill and fuels inflation, impacting economic growth. To cushion this, India has expanded its oil sources, ramping up imports from Russia and the US, and building strategic reserves.

    The minister said India now has 23 operational refineries with a combined capacity of 257 million metric tonnes per annum. He also highlighted the setting up of strategic petroleum reserves to ensure supply security during disruptions.

    The country’s storage capacity includes 2.25 million metric tonnes at Pudur, 1.33 MMT at Visakhapatnam, and 1.5 MMT at Mangalore.

    Puri also pointed to the government’s push for green fuels, noting that India has met its target of 20 per cent ethanol blending with petrol six years ahead of schedule. E20 petrol is now available at outlets of Indian Oil, Bharat Petroleum, and Hindustan Petroleum across the country.

    “This achievement not only cuts carbon emissions but also saves huge amounts of money. We have saved over Rs 1 lakh crore domestically and Rs 1.5 lakh crore in foreign exchange by reducing our import bill, and this money has gone to our farmers,” he said.

    — IANS

  • India has never faced fuel shortage, says Hardeep Puri

    Source: Government of India

    Source: Government of India (4)

    Petroleum and Natural Gas Minister Hardeep Singh Puri on Sunday said India has never faced a shortage of petroleum products, even during the Covid pandemic or global conflicts, crediting the government’s foresight for ensuring uninterrupted supplies.

    “Whether it was the period of the global Covid pandemic or geopolitical tensions, there has never been a shortage of petroleum products in India. This has been possible due to the foresight of Prime Minister Narendra Modi,” Puri said.

    Referring to the recent tensions in the Middle East, including the Israeli attack on Iran that disrupted shipping and threatened closure of the Strait of Hormuz, Puri said India has gradually reduced its dependence on the critical passage.

    “Under Prime Minister Modi’s leadership, we have diversified our supplies in recent years, and a large share of our imports no longer passes through the Strait of Hormuz,” he said.

    India meets about 85 per cent of its crude oil needs through imports. A spike in global oil prices directly raises its import bill and fuels inflation, impacting economic growth. To cushion this, India has expanded its oil sources, ramping up imports from Russia and the US, and building strategic reserves.

    The minister said India now has 23 operational refineries with a combined capacity of 257 million metric tonnes per annum. He also highlighted the setting up of strategic petroleum reserves to ensure supply security during disruptions.

    The country’s storage capacity includes 2.25 million metric tonnes at Pudur, 1.33 MMT at Visakhapatnam, and 1.5 MMT at Mangalore.

    Puri also pointed to the government’s push for green fuels, noting that India has met its target of 20 per cent ethanol blending with petrol six years ahead of schedule. E20 petrol is now available at outlets of Indian Oil, Bharat Petroleum, and Hindustan Petroleum across the country.

    “This achievement not only cuts carbon emissions but also saves huge amounts of money. We have saved over Rs 1 lakh crore domestically and Rs 1.5 lakh crore in foreign exchange by reducing our import bill, and this money has gone to our farmers,” he said.

    — IANS

  • India has never faced fuel shortage, says Hardeep Puri

    Source: Government of India

    Source: Government of India (4)

    Petroleum and Natural Gas Minister Hardeep Singh Puri on Sunday said India has never faced a shortage of petroleum products, even during the Covid pandemic or global conflicts, crediting the government’s foresight for ensuring uninterrupted supplies.

    “Whether it was the period of the global Covid pandemic or geopolitical tensions, there has never been a shortage of petroleum products in India. This has been possible due to the foresight of Prime Minister Narendra Modi,” Puri said.

    Referring to the recent tensions in the Middle East, including the Israeli attack on Iran that disrupted shipping and threatened closure of the Strait of Hormuz, Puri said India has gradually reduced its dependence on the critical passage.

    “Under Prime Minister Modi’s leadership, we have diversified our supplies in recent years, and a large share of our imports no longer passes through the Strait of Hormuz,” he said.

    India meets about 85 per cent of its crude oil needs through imports. A spike in global oil prices directly raises its import bill and fuels inflation, impacting economic growth. To cushion this, India has expanded its oil sources, ramping up imports from Russia and the US, and building strategic reserves.

    The minister said India now has 23 operational refineries with a combined capacity of 257 million metric tonnes per annum. He also highlighted the setting up of strategic petroleum reserves to ensure supply security during disruptions.

    The country’s storage capacity includes 2.25 million metric tonnes at Pudur, 1.33 MMT at Visakhapatnam, and 1.5 MMT at Mangalore.

    Puri also pointed to the government’s push for green fuels, noting that India has met its target of 20 per cent ethanol blending with petrol six years ahead of schedule. E20 petrol is now available at outlets of Indian Oil, Bharat Petroleum, and Hindustan Petroleum across the country.

    “This achievement not only cuts carbon emissions but also saves huge amounts of money. We have saved over Rs 1 lakh crore domestically and Rs 1.5 lakh crore in foreign exchange by reducing our import bill, and this money has gone to our farmers,” he said.

    — IANS

  • India has never faced fuel shortage, says Hardeep Puri

    Source: Government of India

    Source: Government of India (4)

    Petroleum and Natural Gas Minister Hardeep Singh Puri on Sunday said India has never faced a shortage of petroleum products, even during the Covid pandemic or global conflicts, crediting the government’s foresight for ensuring uninterrupted supplies.

    “Whether it was the period of the global Covid pandemic or geopolitical tensions, there has never been a shortage of petroleum products in India. This has been possible due to the foresight of Prime Minister Narendra Modi,” Puri said.

    Referring to the recent tensions in the Middle East, including the Israeli attack on Iran that disrupted shipping and threatened closure of the Strait of Hormuz, Puri said India has gradually reduced its dependence on the critical passage.

    “Under Prime Minister Modi’s leadership, we have diversified our supplies in recent years, and a large share of our imports no longer passes through the Strait of Hormuz,” he said.

    India meets about 85 per cent of its crude oil needs through imports. A spike in global oil prices directly raises its import bill and fuels inflation, impacting economic growth. To cushion this, India has expanded its oil sources, ramping up imports from Russia and the US, and building strategic reserves.

    The minister said India now has 23 operational refineries with a combined capacity of 257 million metric tonnes per annum. He also highlighted the setting up of strategic petroleum reserves to ensure supply security during disruptions.

    The country’s storage capacity includes 2.25 million metric tonnes at Pudur, 1.33 MMT at Visakhapatnam, and 1.5 MMT at Mangalore.

    Puri also pointed to the government’s push for green fuels, noting that India has met its target of 20 per cent ethanol blending with petrol six years ahead of schedule. E20 petrol is now available at outlets of Indian Oil, Bharat Petroleum, and Hindustan Petroleum across the country.

    “This achievement not only cuts carbon emissions but also saves huge amounts of money. We have saved over Rs 1 lakh crore domestically and Rs 1.5 lakh crore in foreign exchange by reducing our import bill, and this money has gone to our farmers,” he said.

    — IANS

  • India has never faced fuel shortage, says Hardeep Puri

    Source: Government of India

    Source: Government of India (4)

    Petroleum and Natural Gas Minister Hardeep Singh Puri on Sunday said India has never faced a shortage of petroleum products, even during the Covid pandemic or global conflicts, crediting the government’s foresight for ensuring uninterrupted supplies.

    “Whether it was the period of the global Covid pandemic or geopolitical tensions, there has never been a shortage of petroleum products in India. This has been possible due to the foresight of Prime Minister Narendra Modi,” Puri said.

    Referring to the recent tensions in the Middle East, including the Israeli attack on Iran that disrupted shipping and threatened closure of the Strait of Hormuz, Puri said India has gradually reduced its dependence on the critical passage.

    “Under Prime Minister Modi’s leadership, we have diversified our supplies in recent years, and a large share of our imports no longer passes through the Strait of Hormuz,” he said.

    India meets about 85 per cent of its crude oil needs through imports. A spike in global oil prices directly raises its import bill and fuels inflation, impacting economic growth. To cushion this, India has expanded its oil sources, ramping up imports from Russia and the US, and building strategic reserves.

    The minister said India now has 23 operational refineries with a combined capacity of 257 million metric tonnes per annum. He also highlighted the setting up of strategic petroleum reserves to ensure supply security during disruptions.

    The country’s storage capacity includes 2.25 million metric tonnes at Pudur, 1.33 MMT at Visakhapatnam, and 1.5 MMT at Mangalore.

    Puri also pointed to the government’s push for green fuels, noting that India has met its target of 20 per cent ethanol blending with petrol six years ahead of schedule. E20 petrol is now available at outlets of Indian Oil, Bharat Petroleum, and Hindustan Petroleum across the country.

    “This achievement not only cuts carbon emissions but also saves huge amounts of money. We have saved over Rs 1 lakh crore domestically and Rs 1.5 lakh crore in foreign exchange by reducing our import bill, and this money has gone to our farmers,” he said.

    — IANS

  • India has never faced fuel shortage, says Hardeep Puri

    Source: Government of India

    Source: Government of India (4)

    Petroleum and Natural Gas Minister Hardeep Singh Puri on Sunday said India has never faced a shortage of petroleum products, even during the Covid pandemic or global conflicts, crediting the government’s foresight for ensuring uninterrupted supplies.

    “Whether it was the period of the global Covid pandemic or geopolitical tensions, there has never been a shortage of petroleum products in India. This has been possible due to the foresight of Prime Minister Narendra Modi,” Puri said.

    Referring to the recent tensions in the Middle East, including the Israeli attack on Iran that disrupted shipping and threatened closure of the Strait of Hormuz, Puri said India has gradually reduced its dependence on the critical passage.

    “Under Prime Minister Modi’s leadership, we have diversified our supplies in recent years, and a large share of our imports no longer passes through the Strait of Hormuz,” he said.

    India meets about 85 per cent of its crude oil needs through imports. A spike in global oil prices directly raises its import bill and fuels inflation, impacting economic growth. To cushion this, India has expanded its oil sources, ramping up imports from Russia and the US, and building strategic reserves.

    The minister said India now has 23 operational refineries with a combined capacity of 257 million metric tonnes per annum. He also highlighted the setting up of strategic petroleum reserves to ensure supply security during disruptions.

    The country’s storage capacity includes 2.25 million metric tonnes at Pudur, 1.33 MMT at Visakhapatnam, and 1.5 MMT at Mangalore.

    Puri also pointed to the government’s push for green fuels, noting that India has met its target of 20 per cent ethanol blending with petrol six years ahead of schedule. E20 petrol is now available at outlets of Indian Oil, Bharat Petroleum, and Hindustan Petroleum across the country.

    “This achievement not only cuts carbon emissions but also saves huge amounts of money. We have saved over Rs 1 lakh crore domestically and Rs 1.5 lakh crore in foreign exchange by reducing our import bill, and this money has gone to our farmers,” he said.

    — IANS

  • India has never faced fuel shortage, says Hardeep Puri

    Source: Government of India

    Source: Government of India (4)

    Petroleum and Natural Gas Minister Hardeep Singh Puri on Sunday said India has never faced a shortage of petroleum products, even during the Covid pandemic or global conflicts, crediting the government’s foresight for ensuring uninterrupted supplies.

    “Whether it was the period of the global Covid pandemic or geopolitical tensions, there has never been a shortage of petroleum products in India. This has been possible due to the foresight of Prime Minister Narendra Modi,” Puri said.

    Referring to the recent tensions in the Middle East, including the Israeli attack on Iran that disrupted shipping and threatened closure of the Strait of Hormuz, Puri said India has gradually reduced its dependence on the critical passage.

    “Under Prime Minister Modi’s leadership, we have diversified our supplies in recent years, and a large share of our imports no longer passes through the Strait of Hormuz,” he said.

    India meets about 85 per cent of its crude oil needs through imports. A spike in global oil prices directly raises its import bill and fuels inflation, impacting economic growth. To cushion this, India has expanded its oil sources, ramping up imports from Russia and the US, and building strategic reserves.

    The minister said India now has 23 operational refineries with a combined capacity of 257 million metric tonnes per annum. He also highlighted the setting up of strategic petroleum reserves to ensure supply security during disruptions.

    The country’s storage capacity includes 2.25 million metric tonnes at Pudur, 1.33 MMT at Visakhapatnam, and 1.5 MMT at Mangalore.

    Puri also pointed to the government’s push for green fuels, noting that India has met its target of 20 per cent ethanol blending with petrol six years ahead of schedule. E20 petrol is now available at outlets of Indian Oil, Bharat Petroleum, and Hindustan Petroleum across the country.

    “This achievement not only cuts carbon emissions but also saves huge amounts of money. We have saved over Rs 1 lakh crore domestically and Rs 1.5 lakh crore in foreign exchange by reducing our import bill, and this money has gone to our farmers,” he said.

    — IANS

  • MIL-OSI China: China to take measures against medical devices imported from EU in government procurement

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

    China to take measures against medical devices imported from EU in government procurement

    BEIJING, July 6 — China will take relevant measures against medical devices imported from the European Union (EU) through government procurement projects in accordance with relevant laws and regulations, the Ministry of Finance said on Sunday.

    When a purchaser buys medical devices with a budget of over 45 million yuan (about 6.29 million U.S. dollars), if it is indeed necessary to purchase imported products — after going through relevant legal procedures — the participation of EU enterprises (excluding EU-funded enterprises in China) should be excluded, the ministry said.

    For non-EU enterprises participating in government procurement projects, the proportion of medical devices imported from the EU that they provide should not exceed 50 percent of the procurement’s total contract amount.

    The above measures do not apply to procurement projects that can only be met by medical devices imported from the EU, according to the ministry.

    This notice will come into effect on July 6, 2025. For procurement projects that have already announced winning bids or transaction results before July 6, the above measures don’t apply herein and government procurement contracts may continue to be signed, the ministry said.

    A spokesperson for China’s commerce ministry commented on the issue on Sunday, noting that the European Commission introduced measures on June 20, 2025, which restrict Chinese enterprises and products from participating in EU’s public procurement of medical devices and continue to set up barriers for Chinese firms in public procurement.

    The spokesperson said that China had repeatedly expressed through bilateral dialogue its willingness to resolve differences with the EU via such dialogue, and through consultation and bilateral government procurement arrangements.

    Regrettably, despite China’s goodwill and sincerity, the EU has insisted on taking restrictive measures to build new protectionist barriers, the spokesperson noted.

    “Therefore, China has no choice but to take reciprocal restrictive measures to safeguard the legitimate rights and interests of Chinese enterprises and maintain a fair competition environment,” said the spokesperson.

    The ministry emphasized that China’s measures only apply to medical device products imported from the EU, and those produced by EU-funded enterprises in China are unaffected.

    MIL OSI China News –

  • MIL-OSI China: China to take measures against medical devices imported from EU in government procurement

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

    China to take measures against medical devices imported from EU in government procurement

    BEIJING, July 6 — China will take relevant measures against medical devices imported from the European Union (EU) through government procurement projects in accordance with relevant laws and regulations, the Ministry of Finance said on Sunday.

    When a purchaser buys medical devices with a budget of over 45 million yuan (about 6.29 million U.S. dollars), if it is indeed necessary to purchase imported products — after going through relevant legal procedures — the participation of EU enterprises (excluding EU-funded enterprises in China) should be excluded, the ministry said.

    For non-EU enterprises participating in government procurement projects, the proportion of medical devices imported from the EU that they provide should not exceed 50 percent of the procurement’s total contract amount.

    The above measures do not apply to procurement projects that can only be met by medical devices imported from the EU, according to the ministry.

    This notice will come into effect on July 6, 2025. For procurement projects that have already announced winning bids or transaction results before July 6, the above measures don’t apply herein and government procurement contracts may continue to be signed, the ministry said.

    A spokesperson for China’s commerce ministry commented on the issue on Sunday, noting that the European Commission introduced measures on June 20, 2025, which restrict Chinese enterprises and products from participating in EU’s public procurement of medical devices and continue to set up barriers for Chinese firms in public procurement.

    The spokesperson said that China had repeatedly expressed through bilateral dialogue its willingness to resolve differences with the EU via such dialogue, and through consultation and bilateral government procurement arrangements.

    Regrettably, despite China’s goodwill and sincerity, the EU has insisted on taking restrictive measures to build new protectionist barriers, the spokesperson noted.

    “Therefore, China has no choice but to take reciprocal restrictive measures to safeguard the legitimate rights and interests of Chinese enterprises and maintain a fair competition environment,” said the spokesperson.

    The ministry emphasized that China’s measures only apply to medical device products imported from the EU, and those produced by EU-funded enterprises in China are unaffected.

    MIL OSI China News –

  • MIL-OSI China: 31st Lanzhou investment and trade fair draws global participation

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

    LANZHOU, July 6 – The 31st China Lanzhou Investment and Trade Fair opened on Sunday in Lanzhou, the capital of northwest China’s Gansu Province, attracting over 2,000 domestic and international enterprises.

    This year’s fair features Indonesia as its guest country of honor. Participation has surpassed previous fairs, with representatives of over 20 nations, including Germany, Spain, Russia, Malaysia and Iran, attending alongside representatives of 18 Chinese municipalities, provinces and autonomous regions, as well as the Hong Kong Special Administrative Region.

    The fair has four exhibition zones — covering international Silk Road cooperation, regional exchange, consumer goods, and featured Gansu industries — showcasing products across the fields of equipment manufacturing, petrochemicals, biomedicine, new materials, new energy, aerospace, agriculture, and data information, according to its organizers.

    More than 30 forums and trade events have been scheduled for the fair.

    Indonesian Ambassador to China Djauhari Oratmangun noted that Indonesia’s 16 attending enterprises were presenting coffee, foods, handicrafts and traditional batik, and expressed the hope that the two countries would deepen cooperation on renewable energy, modern agriculture and cultural tourism.

    As Gansu’s flagship international economic event since 1993, the fair has this year secured deals for 1,181 investment projects totaling over 650 billion yuan (about 90.9 billion U.S. dollars) in sectors such as new energy equipment, agricultural processing, new materials, and digital technology.

    MIL OSI China News –

  • MIL-OSI China: 31st Lanzhou investment and trade fair draws global participation

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

    LANZHOU, July 6 – The 31st China Lanzhou Investment and Trade Fair opened on Sunday in Lanzhou, the capital of northwest China’s Gansu Province, attracting over 2,000 domestic and international enterprises.

    This year’s fair features Indonesia as its guest country of honor. Participation has surpassed previous fairs, with representatives of over 20 nations, including Germany, Spain, Russia, Malaysia and Iran, attending alongside representatives of 18 Chinese municipalities, provinces and autonomous regions, as well as the Hong Kong Special Administrative Region.

    The fair has four exhibition zones — covering international Silk Road cooperation, regional exchange, consumer goods, and featured Gansu industries — showcasing products across the fields of equipment manufacturing, petrochemicals, biomedicine, new materials, new energy, aerospace, agriculture, and data information, according to its organizers.

    More than 30 forums and trade events have been scheduled for the fair.

    Indonesian Ambassador to China Djauhari Oratmangun noted that Indonesia’s 16 attending enterprises were presenting coffee, foods, handicrafts and traditional batik, and expressed the hope that the two countries would deepen cooperation on renewable energy, modern agriculture and cultural tourism.

    As Gansu’s flagship international economic event since 1993, the fair has this year secured deals for 1,181 investment projects totaling over 650 billion yuan (about 90.9 billion U.S. dollars) in sectors such as new energy equipment, agricultural processing, new materials, and digital technology.

    MIL OSI China News –

  • MIL-OSI China: China ready to promote flagship Belt and Road project, boost trade, investment with Ethiopia, says Premier Li

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

    China ready to promote flagship Belt and Road project, boost trade, investment with Ethiopia, says Premier Li

    RIO DE JANEIRO, July 6 — China stands ready to work with Ethiopia to promote the sustainable development of the Addis Ababa-Djibouti Railway, a flagship project of the high-quality Belt and Road cooperation, and expand bilateral trade and investment, Chinese Premier Li Qiang said here Sunday.

    Li made the remarks during his meeting with Ethiopian Prime Minister Abiy Ahmed.

    The Chinese premier arrived in Rio de Janeiro on Saturday to attend the 17th BRICS Summit.

    MIL OSI China News –