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Category: Economy

  • MIL-OSI Economics: SHIFT partners with Thales to bring eSIM capability to sustainable smartphones

    Source: Thales Group

    Headline: SHIFT partners with Thales to bring eSIM capability to sustainable smartphones

    03 Mar 2025

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    • SHIFT, the German pioneer in sustainable and ethical handset manufacturing, has partnered with Thales, a global leader in advanced technologies, to integrate Thales’s eSIM technology for SHIFT’s next-generation smartphones.
    • SHIFT’s smartphones are becoming eSIM-enabled with Thales’s innovative solution that bridges the gap between a conventional SIM card and cutting-edge eSIM functionality: the eSIM being provided in a physical SIM format.
    • To further support SHIFT’s sustainability efforts, this innovative form factor for eSIMs is delivered with 100% recycled material, the Thales’s EcoSIM, made from recycled plastic sourced from discarded refrigerators, reducing the environmental impact and supporting a circular economy.

    SHIFT’s modular smartphones, known for their easy repairability and eco-conscious design, will now support eSIM functionality through Thales’s physical eSIM format solution. Unlike traditional eSIMs, which are soldered into the device, the Thales solution comes in a pluggable format, offering unparalleled flexibility, enabling the secure download and storage of several connectivity plans. Users can insert the eSIM into one of the phone’s SIM slots, transforming their device into an eSIM-enabled smartphone while retaining compatibility with standard SIM cards.

    Thanks to Thales’s solution, SHIFT’s customers will benefit from enhanced flexibility and convenience as they can store and switch between up to 10 connectivity plans, catering to diverse needs such as prepaid, corporate or travel connectivity plans.

    With this partnership, SHIFT and Thales are paving the way for more flexible and environmentally friendly mobile connectivity, combining Thales’s advanced connectivity expertise with SHIFT’s commitment to producing modular, repairable, and eco-conscious smartphones, setting a new standard for mobile technology.

    “At SHIFT, we believe that sustainability and innovation go hand in hand. Through our partnership with Thales, we empower our customers to experience cutting-edge connectivity, while staying true to our modular design philosophy and commitment to eco-conscious practices. This solution offers the flexibility brought by an eSIM, reducing the need for multiple physical cards, cutting down on plastic waste, and supporting more eco-friendly devices”, said Carsten Waldeck, CEO and founder of SHIFT.

    “We are proud to support SHIFT in transforming their smartphones with our programmable EcoSIM technology. This collaboration demonstrates how advanced connectivity solutions can align seamlessly with responsible goals. It positions SHIFT as a new player in the growing eSIM market, allowing them to test demand for eSIM-enabled smartphones, while maintaining their sustainable ethos”, said Eva Rudin, VP Mobile Connectivity Solutions at Thales.

    MIL OSI Economics –

    March 4, 2025
  • MIL-OSI Economics: Verizon declares quarterly dividend on February 28

    Source: Verizon

    Headline: Verizon declares quarterly dividend on February 28

    NEW YORK, N.Y. – The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 67.75 cents per outstanding share, unchanged from the previous quarter. The quarterly dividend is payable on May 1, 2025 to Verizon shareholders of record at the close of business on April 10, 2025.

    Verizon demonstrated strong performance in 2024, as it more than doubled wireless postpaid phone net additions compared to 2023, and continued to take broadband market share with Fios and fixed wireless access. The company delivered on financial guidance with impactful revenue growth and operational results and is well-positioned to meet its 2025 financial guidance and operational goals.

    “As the industry leader with 18 consecutive years of dividend increases, we see Verizon’s growth and strong performance as a testament to our continued focus on growing connections and strengthening the value of our customer relationships,” said Chairman and CEO Hans Vestberg. “We continue to advance our customer-centric strategy and our commitment to delivering the highest quality mobility, broadband and networking products and services, while maintaining our financial and operational discipline.”

    Verizon has approximately 4.2 billion shares of common stock outstanding. The company made more than $11.2 billion in cash dividend payments in 2024.

    MIL OSI Economics –

    March 4, 2025
  • MIL-OSI Economics: Registration opens for live screening of Arbitrator’s meeting in US-EU ripe olives dispute

    Source: WTO

    Headline: Registration opens for live screening of Arbitrator’s meeting in US-EU ripe olives dispute

    The meeting with the parties is scheduled to start at 10:00am (Geneva time) on 25 March 2025 and may continue until 5:00pm, and on 26 March, if necessary, also starting at 10:00am.
    The Arbitrator reserves the right to close the meeting to public observation at any time, on its own initiative or at the request of either party, if there is a risk of breach of confidentiality or disruption of the meeting.
    The public viewing will take place via a closed-circuit broadcast; the proceedings will be held in English only; and interpretation will not be available.
    To register, please complete the application form. Applications will be accepted until 5:00pm, Geneva time, on 17 March 2025.
    Those who have successfully registered will be informed by confirmation email on or before 19 March 2025.
    Please note that the names of registered attendees may be communicated to the parties, the European Union and the United States, at their request. Places in the viewing room reserved for the public will be allocated on a first-come first-served basis upon receipt of a completed registration form.
    All registered individuals will need to present a valid identification document (passport, driver’s licence, etc.) on-site to gain access to the viewing room.
    Please note that any form of recording or filming is strictly prohibited. Cell phones must be switched off during the meetings.
    The WTO cannot offer any support, including financial, for accommodation, flight arrangements and visas.
    ONLY THOSE WITH RESERVED SEATS WILL BE ADMITTED.

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    MIL OSI Economics –

    March 4, 2025
  • MIL-OSI Economics: Trade and Gender Group launches new edition of equality prize, consultations on future work

    Source: WTO

    Headline: Trade and Gender Group launches new edition of equality prize, consultations on future work

    The co-chairs of the Informal Working Group (IWG) — Ambassador Clara Delgado of Cabo Verde, Ambassador Patricia Benedetti of El Salvador and Ambassador Simon Manley of the United Kingdom — looked back at key achievements in 2024. They highlighted the specific wording on trade and gender in the Abu Dhabi Ministerial Declaration WT/MIN(24)/DEC, the launch of a new trade policy tool in support of women entrepreneurs’ financial inclusion, and progress on “sharing experiences” on gender-responsive trade policy making.
    Progress was also made in integrating gender issues into the work of various WTO bodies, such as the Informal Working Group on Micro, Small and Medium-sized Enterprises (MSMEs), they added. 
    Members welcomed the co-chairs’ initiative to launch consultations on the IWG’s work plan for 2025-26, including on potential outcomes at the 14th Ministerial Conference, to be held in March 2026.
    Members also agreed to launch the second edition of the International Prize for Gender Equality in Trade to support members’ work on inclusive trade. The call for applications is now open via this form.
    Presentations
    The United Kingdom presented its work on the implementation of gender equality in free trade agreements (FTAs), including the UK-New Zealand FTA and the UK-Japan Comprehensive Economic Partnership Agreement.
    The importance of mainstreaming gender across trade agreements was highlighted. In addition, cooperation provisions are key for collecting gender-disaggregated data and for monitoring the impact of trade agreements on women, the UK said. The United Kingdom also noted that it is crucial to secure an institutional mechanism for discussing and implementing cooperation activities with stakeholders such as trade associations and women entrepreneurs. 
    Australia introduced its recently launched “International Gender Equality Strategy for a Safer and More Prosperous Indo-Pacific and the World”. Developed following consultations with over 600 stakeholders, the strategy aims to support gender equality in trade commitments at the WTO and other international and regional organizations
    Mexico reported on a recent capacity-building workshop on trade and gender organized by the countries of the Global Trade and Gender Arrangement (GTAGA) in coordination with the WTO Secretariat. Bringing together experts, government representatives, academics and women entrepreneurs, the event looked into the challenges and opportunities in mainstreaming gender into global trade.
    The International Trade Centre (ITC) provided an update on the Women Exporters in the Digital Economy (WEIDE) Fund, launched at MC13. This WTO-ITC initiative will provide grants and technical assistance regarding digital trade to support export growth in women-led businesses. Following a call for applications in September 2024, the Fund will work with a number of business support organizations to be announced  in early March.
    The WTO Secretariat provided an update on its activities, highlighting training programmes, collaborative research projects, and outreach initiatives. The Secretariat emphasized progress in capacity-building initiatives with the Latin American Integration Association, the Food and Agriculture Organization of the United Nations (FAO), and various universities. A thematic course on trade, gender and agriculture will be launched with the FAO in 2025 as a follow-up to the WTO-FAO Memorandum of Understanding signed  in 2024.
    The Trade and Gender Office also underlined its collaboration with the Secretariat of the Convention on the Elimination of All Forms of Discrimination Against Women (CEDAW) on drafting a recommendation (General Recommendation number 40) on women’s access to decision-making positions and its ongoing work.

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    MIL OSI Economics –

    March 4, 2025
  • MIL-OSI Asia-Pac: Retail sales down 3.2% in January

    Source: Hong Kong Information Services

    The value of total retail sales for January, provisionally estimated at $35.3 billion, was 3.2% less than in the same month a year earlier, the Census & Statistics Department announced today.

     

    After netting out the effects of price changes over the same period, the provisional estimate represents a 5.2% year-on-year decrease.

     

    Online sales accounted for 6.9% of January’s total retail sales value. Provisionally estimated at $2.4 billion, the value of this segment rose 3.5% from the same month a year earlier.

     

    The value of sales of jewellery, watches, clocks and valuable gifts dropped by 17.9%.

     

    Meanwhile, decreases were likewise seen in sales of electrical goods and other consumer durable goods not elsewhere classified (down 10.5%); fuels (down 4.3%); motor vehicles and parts (down 52.6%); books, newspapers, stationery and gifts (down 15.1%); furniture and fixtures (down 26.4%); Chinese drugs and herbs (down 4.6%); and optical shops (down 4.4%).

     

    On the other hand, the value of sales of other consumer goods not elsewhere classified increased by 6.6% in January 2025 over a year earlier. This was followed by sales of commodities in supermarkets (up 4.9%); food, alcoholic drinks and tobacco (up 10.9%); wearing apparel (up 1.2%); medicines and cosmetics (up 4.3%); commodities in department stores (up 0.5%); and footwear, allied products and other clothing accessories (up 7.1%).

     

    The Government commented that the value of total retail sales recorded a much narrower year-on-year decline in January, and turned to an increase on a seasonally adjusted month-to-month comparison, possibly due in part to the early arrival of the Lunar New Year this year.

     

    It would thus be more meaningful to examine the figures for January and February combined, when available, to assess the latest retail sales performance. 

     

    Looking ahead, it said that the retail sector’s near-term performance will continue to be affected by changes in the consumption patterns of visitors and residents.

     

    However, it added that increasing earnings from employment, and the introduction of various measures by the central government to boost the Mainland’s economy and benefit Hong Kong, together with proactive efforts by the Hong Kong Special Administrative Region Government to promote tourism and boost market sentiment, will benefit the sector.

    MIL OSI Asia Pacific News –

    March 4, 2025
  • MIL-OSI Asia-Pac: Ministry of Coal Organizes Roadshow on Commercial Coal Mine Auctions in Gandhinagar, Gujarat

    Source: Government of India (2)

    Posted On: 03 MAR 2025 3:04PM by PIB Delhi

    The Ministry of Coal successfully organized a Roadshow on ‘Commercial Coal Mine Auctions and Opportunities in the Coal Sector’ in Gandhinagar, bringing together Government, key stakeholders from the coal industry and private sector. Union Minister of State for Coal and Mines, Shri Satish Chandra Dubey, graced the event as the Chief Guest. Additional Secretary & Nominated Authority, Ministry of Coal, Ms. Rupinder Brar, along with senior officials of the Ministry were also present.

    The roadshow is part of the Ministry’s continuous efforts to engage with potential investors, highlighting the vast opportunities in commercial coal mining, and reinforce India’s commitment to energy security and self-reliance in the coal sector.

     

    In her welcome address, Smt. Rupinder Brar, Additional Secretary & Nominated Authority, Ministry of Coal, emphasized the potential of commercial coal mining in shaping India’s energy future. She highlighted that coal will remain a crucial pillar of India’s energy security for decades, driving industrial growth and ensuring an uninterrupted power supply. Furthermore, she stated that the Ministry is actively fostering an enabling ecosystem to encourage private sector participation by streamlining processes, offering financial incentives, and enhancing the ease of doing business. She made a special mention of the Single Window Clearance System, stating that it has expedited clearances, and ensured a level playing field for all stakeholders.

    Ms. Brar also noted that the series of roadshows from Kolkata to Mumbai to Ahmedabad have provided investors with valuable insights into the auction framework and policy landscape. She reaffirmed the government’s commitment to transparent, investor-friendly policies while also promoting advanced mining technologies, coal gasification, and sustainable mining practices.

    Delivering the Keynote Address, Shri Satish Chandra Dubey, Minister of State for Coal and Mines, highlighted the Government’s commitment to strengthening the coal sector through progressive policy measures. He underscored that commercial mining is a transformative step, opening new avenues for private sector participation and reducing India’s dependence on coal imports.

    Shri Dubey emphasized that these efforts align with Prime Minister Shri Narendra Modi’s vision of Atmanirbhar Bharat, ensuring a steady and sustainable supply of coal to industries while driving economic growth. Shri Dubey further highlighted the Ministry’s commitment to enhanced safety measures for mineworkers, community welfare and regional development, ensuring that coal mining not only fuels industrial growth but also uplifts local communities through employment generation, skill development, and social infrastructure projects.

    Minister also reaffirmed the Government’s focus on environmental sustainability, emphasizing that coal-mining operations are aligned with strict environmental norms, progressive land reclamation practices, and initiatives like coal gasification to reduce carbon emissions. He assured stakeholders that the Ministry remains committed to fostering an efficient, competitive, and responsible coal-mining ecosystem that balances economic progress with environmental stewardship.

     

    The event also featured an interactive Q&A session, allowing industry representatives to directly engage with Government officials. Discussions covered policy frameworks, investment incentives and operational aspects of commercial coal mining, further reinforcing the government’s commitment to fostering a transparent and business-friendly environment.

    Reiterating its unwavering commitment, the Ministry of Coal assured stakeholders of continued support, policy stability, and innovation-driven growth in the coal sector. With a vision that balances economic progress with ecological responsibility, India aims to remain a global leader in coal mining, paving the way for a sustainable and community-inclusive energy future.

    श्री सतीश चंद्र दुबे, केंद्रीय कोयला एवं खान राज्य मंत्री ने गुजरात में आयोजित कोयला क्षेत्र एवं वाणिज्यिक कोयला खदान नीलामी रोडशो में अपने प्रेरक संबोधन में कहा कि कोयला भारत की ऊर्जा सुरक्षा का आधार है और आने वाले दशकों तक इसकी प्रासंगिकता बनी रहेगी।

    उन्होंने कहा कि भारत… pic.twitter.com/IwFRiOSy0G

    — Ministry of Coal (@CoalMinistry) March 3, 2025

    In her welcome address at the Roadshow on Commercial Coal Mine Auctions at The Leela, Gandhinagar, Gujarat, Ms. Rupinder Brar, Additional Secretary & Nominated Authority, Ministry of Coal, emphasized coal’s enduring significance in India’s energy landscape. As India marks five… pic.twitter.com/eLAB8LtPH7

    — Ministry of Coal (@CoalMinistry) March 3, 2025

               

    ****

    Shuhaib T

    (Release ID: 2107735) Visitor Counter : 107

    MIL OSI Asia Pacific News –

    March 3, 2025
  • MIL-OSI Economics: 29th Meeting of the Standing Advisory Committee to Review the Flow of Credit to MSMEs held by Reserve Bank of India

    Source: Reserve Bank of India

    The 29th Meeting of the Standing Advisory Committee (SAC) to review the flow of credit to Micro, Small and Medium Enterprises (MSME) sector was held in Ahmedabad, on March 3, 2025, under the chairmanship of Shri Swaminathan J, Deputy Governor, Reserve Bank of India. The meeting was attended by Executive Director, RBI, Senior Officials from Ministry of MSME and Department of Financial Services, Ministry of Finance, Government of India; Chairman, SIDBI, Senior Management of major banks and NABARD, senior executives of Credit Guarantee Fund Trust for Micro and Small Enterprises, National Credit Guarantee Trustee Company Limited, Khadi & Village Industries Commission, Indian Banks’ Association, Finance Industry Development Council and MSME Associations.

    Deputy Governor, in his keynote address, underscored the pivotal role of the MSME sector in India’s economic development. He reaffirmed the Reserve Bank’s commitment to strengthening institutional credit support through initiatives like the Unified Lending Interface (ULI), the Account Aggregator framework, and the Regulatory Sandbox. Acknowledging key challenges such as financial literacy gaps, information asymmetry, and delayed payments, he stressed the need for digital solutions, alternative credit assessment models, and greater participation in platforms like TReDS. Deputy Governor emphasized the importance of fair lending practices, ensuring transparency and an empathetic approach towards MSMEs facing financial distress. He also reiterated the crucial role of MSME associations in capacity building and bridging information gaps, to help MSMEs better access credit.

    During the meeting, the SAC reviewed the flow of credit to MSMEs and deliberated on ways to address the issues related to credit gap in the sector, cash flow based lending and digital solutions for improved credit linkage, accelerating adoption of TReDS, enhancing the usage of credit guarantee schemes and proactive revival and rehabilitation of MSMEs in financial distress, among others.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2290

    MIL OSI Economics –

    March 3, 2025
  • MIL-OSI: GPTBots.ai and Qatar Science & Technology Park Strengthen Collaboration to Drive AI Innovation in the Middle East

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, March 03, 2025 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement and marketing technology services in China, today announced that its leading enterprise AI agent platform, GPTBots.ai, continues to strengthen its collaboration with Qatar Science & Technology Park (QSTP), member of Qatar Foundation. QSTP is Qatar’s premier hub for technology development, innovation and entrepreneurship in the MENA region. This partnership, built on a shared vision of advancing artificial intelligence, has taken on new significance with the recent integration of DeepSeek, a revolutionary AI model that is reshaping the global AI landscape, into GPTBots.ai.

    A Partnership Rooted in Vision and Innovation

    Under the leadership of Dr. Jack Lau, President of QSTP, the park has established itself as a dynamic hub for technological innovation and collaboration. With a strong focus on bridging technology and academia, QSTP has cultivated an environment that supports the development and scaling of transformative solutions across sectors such as artificial intelligence, healthcare, energy and environment.

    “QSTP is committed to empowering businesses to leverage advanced technologies to address the region’s unique challenges,” said Dr. Lau. “The integration of DeepSeek into GPTBots.ai’s platform is a significant step forward, making AI more accessible and tailored for Middle Eastern enterprises. By fostering such collaborations, we aim to drive sustainable growth and position the region as a global hub for technological innovation.”

    DeepSeek Integration: A Game-Changer for Middle Eastern Enterprises

    The recent integration of DeepSeek into GPTBots.ai’s no-code AI platform marks a significant milestone in the partnership. DeepSeek’s cost-effective and efficient capabilities provide Middle Eastern enterprises with unprecedented opportunities to leverage AI for localized and industry-specific applications.

    Key benefits for regional businesses include:

    Affordability: DeepSeek’s lower development costs make AI adoption more accessible to businesses of all sizes.

    Localization: Tailored solutions optimized for Arabic and Gulf dialects, addressing a critical gap in the region’s AI landscape.

    Scalability: Seamless integration with GPTBots.ai’s platform enables rapid deployment of AI applications across industries such as government services, healthcare, and finance.

    Jerry Yin, Vice President of GPTBots.ai, emphasized the value of this integration:

    “DeepSeek’s affordability and efficiency, combined with GPTBots.ai’s no-code platform, create a powerful tool for Middle Eastern businesses to innovate and grow. Our partnership with QSTP provides the foundation for delivering these solutions at scale, ensuring that enterprises in the region can fully capitalize on the potential of AI.”

    GPTBots.ai and QSTP: A Proven Track Record of Success

    This strengthened collaboration builds on a history of impactful initiatives between GPTBots.ai and QSTP. In the past, GPTBots.ai partnered with QSTP-incubated startup sKora Tech to revolutionize AI applications in the sports industry. The partnership resulted in groundbreaking advancements, including personalized growth pathways for athletes and AI-driven sports management solutions.

    The renewed focus on collaboration aims to replicate and expand such success stories across other industries, fostering innovation and economic growth in the Middle East.

    A Vision for the Future

    As the Middle East continues its journey toward becoming a global hub for AI innovation, GPTBots.ai and QSTP remain committed to driving this transformation. By combining QSTP’s visionary leadership and GPTBots.ai’s cutting-edge technology, the partnership is poised to deliver solutions that address the region’s most pressing challenges while unlocking new opportunities for growth.

    “Our collaboration with QSTP is built on a shared belief in the transformative power of AI,” said Jerry Yin. “Together, we are creating a future where AI is not just accessible but also impactful, enabling businesses across the Middle East to thrive in an increasingly digital world.”

    About GPTBots.ai

    GPTBots.ai is a complementary general-purpose LLM AI bot featuring private data input and continuous fine-tuning, which can replace ‘rule-based’ chatbots, improve user experience, and reduce costs. GPTBots.ai aims to provide users with an end-to-end business platform that can seamlessly integrate robots into existing applications and workflows via plug-ins. GPTBots.ai also allow users to have great access to, and more efficiently and effectively using, AIGC to improve overall corporate productivity and output quality.

    To know more, please visit https://www.gptbots.ai.

    About Aurora Mobile Limited

    Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises’ digital transformation.

    For more information, please visit https://ir.jiguang.cn/.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

    For more information, please contact:

    Aurora Mobile Limited 
    E-mail: ir@jiguang.cn

    Christensen

    In China
    Ms. Xiaoyan Su
    Phone: +86-10-5900-1548
    E-mail: Xiaoyan.Su@christensencomms.com

    In U.S.
    Ms. Linda Bergkamp
    Phone: +1-480-614-3004
    Email: linda.bergkamp@christensencomms.com

    The MIL Network –

    March 3, 2025
  • MIL-OSI: Surfshark Referral Program: Share Security, Gain Rewards

    Source: GlobeNewswire (MIL-OSI)

    Surfshark, a cybersecurity company developing privacy and security solutions, has launched a new Refer & Earn program designed to benefit both referrers and their social network connections. This initiative allows users to share online security and gain rewards for both parties.

    The Refer & Earn program is designed to encourage user engagement by allowing them to play a key role in protecting digital lives by sharing trusted cybersecurity solutions and receiving financial rewards in return. Users now have the opportunity to earn cash by recommending beloved Surfshark products to friends, family, colleagues, or even social media connections.

    How does it work?

    The referral program is simple. When a user invites someone to join Surfshark and the new member remains for at least 31 days, the referrer receives a reward.

    “To refer and earn rewards, users should begin by logging into their Surfshark account and navigating to the “Refer & Earn” tab. From there, they can copy their unique referral link and share it with friends. It’s important to note that the invited person must be new to Surfshark and remain subscribed for at least 31 days. After this, the friend will receive additional free months based on the plan they choose, and the user will be eligible to claim their reward,” explains Sarunas Sereika, Senior Product Manager at Surfshark.

    The Refer & Earn program offers limitless opportunities, allowing users to invite as many new members as they wish. The exciting part is that users can earn up to 38 USD from each invitation based on the plan. For example, if a friend selects the popular 24-month One plan, the referrer earns approximately 15 USD. If the friend adds any add-ons, the reward increases to 38 USD.

    Protecting digital lives

    This Refer & Earn program offers a great side job opportunity for individuals looking to earn extra income while promoting a vital and growing industry. As cyberthreats continue to evolve, more people are realizing the importance of robust online security, making this an ideal time to introduce friends and family to trusted cybersecurity solutions. By participating in the program, individuals not only earn cash rewards but also play a key role in helping others take essential steps toward protecting their digital lives. This opportunity allows people to contribute to a safer online environment while simultaneously benefiting from the growing demand for cybersecurity services.

    “As the digital landscape grows, so does the need for strong protection against ever-evolving threats. By sharing trusted cybersecurity solutions with friends and family, users play an essential role in creating a safer online world. This act of sharing is a meaningful contribution to a vital industry, especially as data breaches and cyberattacks occur constantly, highlighting the importance of keeping personal information secure and staying safe online. Plus, as a bonus for your good cause, you can earn rewards along the way,” says S. Sereika.

    NOTES TO EDITORS

    Surfshark is a cybersecurity company focused on developing humanized privacy and security solutions. The Surfshark One suite includes one of the very few VPNs audited by independent security experts, an officially certified antivirus, a private search tool, and a data leak alert system. Surfshark is recognized as the Tech Advisor’s Editor’s Choice for 2024. For a closer look at Surfshark in 2024, check our annual wrap-up. For more research projects, visit our research hub at: surfshark.com/research

    Attachment

    • refer_and_earn_surfshark

    The MIL Network –

    March 3, 2025
  • MIL-OSI: THSYU Announces Strategic Partnership Plan to Accelerate Global Cryptocurrency Ecosystem Integration and Collaboration

    Source: GlobeNewswire (MIL-OSI)

    DENVER, March 03, 2025 (GLOBE NEWSWIRE) — Thsyu CRYPTO GROUP LIMITED, through its flagship product THSYU Exchange, recently revealed its latest strategic partnership initiative, aimed at reinforcing the global blockchain collaboration ecosystem and advancing the integration of cryptocurrency innovation worldwide. The newly implemented strategy encompasses expanded alliances across finance, technology, compliance, and research sectors, significantly boosting THSYU’s global market competitiveness and enhancing its international influence.

    A cornerstone of THSYU’s strategic plan is the establishment of intensive partnerships with leading global financial institutions and payment service providers. This approach enables deeper integration of fiat-to-crypto channels, providing users worldwide streamlined access to digital assets, quick deposits and withdrawals, diversified investment options, and seamless financial interactions. Such robust financial cooperation not only expands global user coverage but also significantly elevates THSYU’s services in international markets.

    Alongside financial partnerships, THSYU is strategically aligning with blockchain technology enterprises and industry academies to promote innovation and technological advancement. Through collaborative research and technical exchanges within these expert alliances, THSYU optimizes its underlying infrastructure, enhances the security mechanisms, and broadens the platform’s DeFi capabilities. This systematic approach positions THSYU Exchange at the forefront of technological competitiveness within the crypto industry.

    Compliance is a further crucial pillar of the THSYU partnership strategy. By working closely with prominent global law firms and compliance experts, the exchange ensures full adherence to regional regulatory frameworks and licensing requirements. Such partnerships facilitate compliant market entries worldwide, strengthen institutional trust, enhance regulatory transparency, and support THSYU’s sustained operations and market leadership.

    The expanded alliance network includes academic institutions and research centers to stimulate blockchain innovation and applied research. THSYU hosts industry summits, hackathons, periodic roundtables, and research exchanges to foster meaningful dialog among academia, entrepreneurs, developers, and regulators. These activities serve to stimulate industry-standard formulation and technological breakthroughs, further solidifying THSYU’s influential role within the global cryptocurrency ecosystem.

    Through this strategic alliance-based operational framework, THSYU Exchange reinforces its status as an innovative leader in the international cryptocurrency sector. As the global blockchain and cryptocurrency markets continually mature and expand, THSYU’s strengthened partnership strategy promises to drive further cooperative innovation and accelerate widespread global adoption of digital assets.

    Media Contact:
    Jessica Green
    Chief Operating Officer
    Thsyu CRYPTO GROUP LIMITED
    Address: 1670 Broadway, Denver, CO 80202, US
    Email: jessica.green@thsyu.com
    Website: www.thsyu.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6b6e00db-fc5c-45c8-b6d5-ab21404992f7

    The MIL Network –

    March 3, 2025
  • MIL-OSI Europe: Remarks by President António Costa at the press conference following the meeting with President the Republic of Moldova Maia Sandu

    Source: Council of the European Union

    Following a meeting with the President of the Republic of Moldova, Maia Sandu, European Council President António Costa praised Moldova’s progress towards EU membership, highlighting the country’s transformative journey since its formal application three years ago. Costa emphasized the EU’s unwavering support for Moldova amidst external challenges, including energy weaponisation, FIMI and hybrid attacks, and reaffirmed the EU’s commitment to Moldova’s future prosperity. To bolster Moldova’s economy and reduce energy costs, he also announced a substantial financial package, including a 1.9 billion euro support plan as part of the Moldova Growth Plan.

    MIL OSI Europe News –

    March 3, 2025
  • MIL-OSI United Kingdom: New measures to boost small businesses benefitting from UK’s defence investment

    Source: United Kingdom – Executive Government & Departments

    News story

    New measures to boost small businesses benefitting from UK’s defence investment

    Government announces major support for small and medium enterprises (SMEs) following historic commitment to increase spending on defence.

    • New SME spending targets for defence will boost access to UK defence investment.
    • A new support hub will provide guidance to small businesses on accessing the defence supply chain, unlocking new jobs and putting more money in people’s pockets.
    • Move will ensure more money is spent directly with British small businesses and boost the economy of small towns and suburbs in every region of the UK as part of the Government’s new Defence Industrial Strategy.

    Thousands of small businesses in the UK will receive new government support to ensure they benefit from the historic decision to increase defence spending to 2.5% of GDP. This investment will protect UK citizens from threats at home, but also create a secure and stable environment in which businesses can thrive, supporting the Government’s number one mission to deliver economic growth.

    The government has today announced its plans to launch a new hub to provide small and medium enterprises (SMEs) with better access to the defence supply chain and committed to set direct SME spending targets for the Ministry of Defence by June this year. This is a chance for small, often family-owned, firms to bring their innovations, their agility and their expert workforce to the task of strengthening Britain’s defences. It will help create new jobs, boosting the economy of small towns and suburbs in the UK.

    It follows the Government’s historic uplift in defence spending to 2.5% of GDP by April 2027, with a commitment to hit 3% in the next Parliament. This investment in defence will deliver the stability that underpins economic growth, and will unlock prosperity through new jobs, improving the lives of people in every corner of the UK.

    The new hub and investment targets announced today will ensure this increased spending directly benefits SMEs as much as possible – supporting jobs, growth and innovation. This is a vote of confidence in the prospects of up to 12,000 SMEs, supporting them to raise finance and train workers with confidence. It marks further progress to deliver the government’s Plan for Change, putting more money in people’s pockets and rebuilding Britain.

    The move is designed to boost the resilience of the UK’s defence industrial base and to seize the full power of rapid technological change as part of the Government’s forthcoming Defence Industrial Strategy.

    Nearly 70% of defence spending goes to businesses outside London and the South East, bolstering local economies from Scotland to the North West. However, only 4% of this spending went to SMEs in 2023-2024, which is why the Government is stepping up to provide more support to SMEs and help them get their foot in the door in the defence supply chain. 

    Prime Minister Keir Starmer said:

    The UK’s defence industry is a source of national pride. It supports hundreds of thousands of good jobs up and down the country and represents British manufacturing at its best.

    Increasing our investment in defence is not only bolstering our national security, it is an opportunity to put more money into working people’s pockets and boost economic growth.

    By helping smaller businesses to access this money, we’re making communities across the UK better off and opening up more opportunities to train for good, skilled, productive jobs.

    Defence Secretary John Healey MP said:

    This Government’s historic increase in defence spending to 2.5% of GDP by April 2027 will boost national security and make defence an engine for economic growth throughout the UK.

    For too long small businesses felt locked out of defence, but we’ve listened and we’re acting. Today’s announcement will ensure that smaller firms benefit from increased defence spending, attracting new suppliers and fast-tracking the technologies of the future into the hands of our Armed Forces. 

    This a new era for defence and we will ensure it plays the fullest part in our national economic growth.

    The new Hub will work with suppliers across the nations and regions of the UK to ensure that it fully meets their needs. This will strengthen defence procurement through increased choice and faster access to innovation. It will keep the UK at the forefront of defence technology, improving the capabilities available to our Armed Forces, the competitiveness of UK industry and growing potential exports benefits.

    Defence is an engine for jobs and growth in every nation and region of the UK. In 2023-24, defence spending by the Government supported over 430,000 jobs across the UK, the equivalent to one in every 60. In the same year, the Ministry of Defence spent a total of £28.8 billion with UK industry, with spending in the East Midlands increasing by 30%, equivalent to £328 million, on the previous year. Northern Ireland also saw a rise of 20%, with other increases in Yorkshire and the Humber and the North West, up 19% and 18% respectively. With increased support for SMEs and the upcoming Defence Industrial Strategy, the Government plans to increase this further.

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    Published 3 March 2025

    MIL OSI United Kingdom –

    March 3, 2025
  • MIL-OSI Asia-Pac: HK landmark stamps to go on sale

    Source: Hong Kong Information Services

    Hongkong Post today announced that a new set of definitive stamps and associated philatelic products on the theme of Hong Kong landmarks will be released for sale on March 18.

    This is the fifth set of definitive stamps issued by Hongkong Post since the establishment of the Hong Kong Special Administrative Region.

    The set of 16 definitive stamps introduces famous landmarks in Hong Kong, including the Hong Kong Palace Museum, the International Finance Centre, the Hong Kong-Zhuhai-Macao Bridge and Lai Chi Wo.

    The stamps demonstrate the uniqueness and charm of Hong Kong as an international financial hub and an East-meets-West centre for international cultural exchanges. They also showcase the city’s stunning landscapes and depict its important infrastructure developments and conservation achievements.

    Official first day covers will be on sale at all post offices and ShopThruPost from tomorrow, while postcards will be available at philatelic offices only.

    Stamp booklets will be on sale at all post offices from March 18 to 24, and available at convenience stores and other non-post office outlets from March 24.

    In parallel, the 2014 Hong Kong Definitive Stamps on the theme of the Hong Kong Global Geopark of China will continue to be on sale while stocks last.

    Click here for details.

    MIL OSI Asia Pacific News –

    March 3, 2025
  • MIL-OSI Russia: The government will additionally allocate 3 billion rubles to compensate for damage to affected enterprises in the Belgorod region

    Translartion. Region: Russians Fedetion –

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

    The decision was made on the instructions of the President.

    Document

    Order of February 28, 2025 No. 476-r

    Industrial and agricultural enterprises of the Belgorod region, which suffered due to shelling from Ukraine, as well as during the counter-terrorist operation, will receive financial assistance. The order to allocate 3 billion rubles for these purposes has been signed.

    The source of funds will be the Government’s reserve fund.

    The President instructed to continue providing assistance to enterprises in border areas. At the instruction of the head of state, a whole range of support measures are envisaged in these regions, including an annual deferment of taxes and insurance premiums for individuals and organizations, expanded budget financing of medical institutions, grants for the restoration or relocation of production, the supply of vehicles for mobile trade, equipment leasing benefits, and free economic zones with special conditions for entrepreneurial activity.

    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 –

    March 3, 2025
  • MIL-OSI Russia: Financial News: Citizens May Establish Self-Ban on Loans

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia –

    Since March 1, a person can voluntarily refuse the opportunity to enter into credit or loan agreements through State Services and thus protect themselves from a situation where fraudsters issue a loan in their name.

    To “turn on” the mechanism, you will need to record a special ban in your credit history. Self-ban may vary: by type of creditor (bank or microfinance organization), by method of applying for a loan or credit (in the office and remotely or only remotely).

    A person will be able to cancel the self-prohibition if they really want to get a loan or credit. To do this, they need to submit an application through Gosuslugi, which will have to be certified with an enhanced electronic signature (it can be issued for free in the Gosklyuch application) – this is additional protection against fraudsters. The ban will be lifted one day after the relevant information is entered into the citizen’s credit history. Such a cooling-off period will help people make a more informed decision about the need to get a loan or credit.

    Before issuing consumer loans and credits, banks and microfinance organizations will have to check whether the borrower’s credit history contains information about self-prohibition. If a prohibition is established, the lender must refuse to issue a loan. If, despite the established prohibition, the lender concludes an agreement, he will not be able to demand that the borrower fulfill his obligations under the loan.

    The same service will later be available through the MFC – they must implement the possibility of self-prohibition by September 1, 2025, by which time they need to prepare their systems and employees to accept applications without interruption.

    Read more about the self-prohibition mechanism aton the website of the Bank of Russia.

    Preview photo: StockerThings / Shutterstock / Fotodom

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

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

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 23423

    MIL OSI Russia News –

    March 3, 2025
  • MIL-OSI New Zealand: Health and Employment – Primary and community care will remain in crisis until nurses receive pay parity – NZNO

    Source: New Zealand Nurses Organisation

    Paying incentives to GP clinics to hire nurses won’t fix the systemic funding issues causing chronic staff shortages in primary and community health care, the New Zealand Nurses Organisation Tōpūtanga Tapuhi Kaitiaki o Aotearoa (NZNO) says.
    Health Minister Simeon Brown has announced incentive payments for primary care providers such as GP clinics of $15,000 for every graduate nurse hired in cities and $20,000 for every graduate nurse hired in rural areas.
    NZNO College of Primary Health Care Nurses chair Tracey Morgan says the funding gives health care providers outside hospitals a temporary reprieve from the financially crippling co-payment system.
    “Paying incentives to hire nurses to aged care providers, and now primary and community providers, won’t address the underlying cause of chronic staff shortages. Once the incentives run out, these clinics will still struggle to keep the doors open and see new patients.
    “They won’t stem the flow of nurses leaving GP and community clinics to work overseas or for Te Whatu Ora in our hospitals, where they are paid on average between 14% to 20.8% (between $5.14 and $7.88) per hour more.”
    Tracey Morgan says there is consensus that until primary nurses are paid parity with their hospital counterparts nothing will improve.
    “There is also nothing in today’s announcement to boost much needed Māori nurse numbers.
    “It is time for the Government to pay primary care nurses the same as their hospital counterparts and introduce a sustainable funding model for the primary care sector,” Tracey Morgan says. 

    MIL OSI New Zealand News –

    March 3, 2025
  • MIL-OSI Asia-Pac: Text of Vice-President’s address at the 75th Anniversary celebrations of KPB Hinduja College in Mumbai (Excerpts)

    Source: Government of India (2)

    Posted On: 01 MAR 2025 8:12PM by PIB Delhi

    Very good afternoon all of you, Hon’ble Governor, Shri C.P. Radhakrishnan ji, Shri Ashok P. Hinduja ji, Chairman, the Hinduja Foundation. Ashok ji, what you reflected, express your sentiments, there can be many caveats, I am not as good as you indicated. You set a very high benchmark for me.

    We have two very distinguished members of Parliament. Praful Patel has been in Parliament since 1991, Lok Sabha and Rajya Sabha. A former Union Minister, one of the seniormost politicians of the country, has been instrumental with football association and is very good at scoring political goals.

    And another caveat that can come for me, Milind Deora. His father, Murali Deora ji, hand held me. A lovable politician for the entire nation, particularly for Mumbai.

    Milind is very promising and knows when to make the right move. I am talking about those who can give caveats. We have amongst us Honourable Minister, Mangal Prabhat Lodha. He is suave, polite, persuasive and for a man like me, if a person is gifted with three qualities, there is everything to worry about. Because you can’t anticipate, so there can be a legitimate caveat. And on top of it, if I am staggering a little, it is on account of presence of my son- in-law, Karthikeya Vajpayee.

    But the good relief is that Karthikeya is in the sound company of Soman Satya and therefore will not be in that mode at the moment. But Ashokji, you rightly focused on something which is very fundamental and a contemporaneous need. And something which is part of our civilisation ethos and essence.

    We must remain well grounded and rooted to Sanatan. And Sanatan has to be part of our culture, our education. Because Sanatan stands for inclusivity. Sanatan offers solutions to the most intractable problems the global challenges indicate. I therefore appreciate it and the endorsement by the Honourable Governor immediately is vindication of your stand. Smt Harsha Hinduja ji well I have got formidable challenge from my wife, but I take some solace. Ashok ji is facing equally strong challenge. Shri Paula Brown, President of the Hinduja Foundation is a copy book person. It doesn’t deviate from what is requirement for the college. While traversing journey of the college, she unfolded future programmes. Smt. Chandrakala Joshi, Principal, Hinduja College. When I looked at the faculty, the very distinguished faculty, I found she has to be little fair to my gender. There were more women in the faculty than men. To be on her right side, I quickly looked a Praful Patel and then extended an invite to her that the faculty will be my guest for visit to the new building of Parliament, and I’ll have the occasion to have lunch with them along with Shri Praful Patel and Shri Milind Deora.

    Bombay is a place which gave to the country a principle of quid pro quo. And I so recall because I happen to be a politician who went to Parliament in 1989 and was a Minister in 1990. But a small explanation. This is not quid pro quo.

    Distinguished members of the faculty, I must recognise the presence of some whom I know but everyone present here is a distinguished person. I convey my respects. Shri Neeraj Bajaj, Shri Amarlal Hinduja Ji, Dr. Rajesh Joshi and Shri Rupani, I have had some connect with them in one form or the other. I am particularly here for young boys and girls, and let me tell you boys and girls first, there are no backbenchers. There are only backbenches.

    And let me tell you at the outset, all my life I happen to be a gold medalist, and that was never a good idea. I suffered a traumatic obsession what will happen if I don’t come to number one? It was too late in the life I learnt, Heavens have never fallen so far. Why fear them? It is good to be in the first top ten. So never have tension, never have stress. 

    India today is envy of the world for the reason that it has your dividend, dividend of the youth. This demographic dividend is your possession, your repository. Undoubtedly you are the important stakeholders in democracy and governance. And therefore I am happy to announce here that Indian Council of World Affairs of which I happen to be the President, will have an MOU with your organisation.

     

    MOU will fructify in next two months. And I tell you the reason for the delay. We are awaiting a new Director. We are looking for a good person that will give you an exposure to global events. And there will be footprint of global personalities here. Around the time Ashok Hinduja celebrates his 75th birthday, So does the Institution. The milestone is glorious both for the individual and the Institution. By the way he doesn’t look that old, but this is an occasion also of stocktaking, reflection and planning for way forward. Planning in our times is very challenging. Because we have challenged times on account of onslaught of disruptive technologies. A kind of Industrial revolution. A new era is being heralded virtually every moment. Those of the diplomats who are present here and bring on the table experience and exposure of their own countries will bear me out. And therefore the Institute will have to focus way-forward strategy. It is soothing to note it has quite a mark at the national level.

    It will be a deemed University but time for it to set the tone to become a Global Institute of excellence. It was indicated a while ago. Learning! I keep on telling boys and girls, शिक्षान्त कभी नहीं होती, दीक्षांत होता है।

    Learning never stops. Even after you leave the institute you have to learn every day, and this principle was first put in public domain in pre-Socrates era by a great philosopher Heraclitus. And he was a great philosopher. He was a great philosopher. He was a great philosopher. And Heraclitus reflecting on change said the only constant in life is the change. He buttressed it by an illustration. The same person cannot enter the same river twice because neither the person is the same nor the river is the same. So boys and girls keep on learning, and what your computer tells you keep on self-learning also.

    Because you are your best teacher. Take this institute for instance. It was seeded by Shri Paramchand Hinduja ji. It was a Sindhi teaching school to begin with. And look at that sapling, the shape it has taken now. It is fructifying aspirations of 6000 students.

    Which means a small beginning yields great results. When in 1969 on 20th July, incidentally 20th July happens to be birthday of my wife. Another coincidence it was on that day in 2019, President of India signed my warrant appointing me Governor of the state of West Bengal, but let me invite attention to what Neil Armstrong said. He said small step for me, big leap for mankind.

    What was done to begin with will turn out undoubtedly according to me one of the best institutions in the world. It has vast pool of alumni across sectors. Now this has enormous potential. This potential can reflect in several ways.

    Time to harness it. An initiative can emanate from here, blessed by Hinduja Foundation. For emergence of a confederation of alumni associations. We have alumni associations but I am referring to confederation. This will go a long way in contributing sectoral policy evolution of the government. Just imagine if there are confederations of IIT alumni associations, IIM alumni associations, an association of the kind that your college represents. This confederation can go a long way. Such convergence of talent is a valuable pool for government. It can enlighten the government on policy pathways.

     

    Hinduja Foundation is well enabled to catalyse alumni confederation culture across institutions in the country. While I appreciate great job that is being done by the faculty, it is a satisfied faculty that makes for the institution. Institution is defined by the infrastructure because that is the basic need, but an institution is recognised by the faculty it has. I am so happy and delighted to see the faculty is committed and vibrant, but then institutions have blossomed beyond faculty and infrastructure.

    It is there in that I express a deep sense of gratitude to Hinduja Foundation and members of the family for sustaining this institution through continuous philanthropy. Ladies and gentlemen, Hinduja group has been at the centre of India’s growth story. The Hinduja group is multinational, multi-sector, conglomerate with pronounced social and cultural footprints.

    Group’s deep interest in education philanthropy and sublime commitment to Bharatiya culture are commendable. It was a pleasant revelation to me when I was laying foundation stone of a building in Bharatiya Vidya Bhavan in New Delhi. I gathered that the Hinduja group helped establish the first overseas branch of Vidya Bhavan in New York.

    A great step. The leaders of the group have realised the need to bridge East and West divide and why it is essential. Because there has to be portrayal of the orient in authentic way. Because there are challenges emanating from the West and from that perspective the group is working in that direction.

    One instance I can share with the distinguished audience. Establishment of Dharam Hinduja Indic Research Centre at Columbia University is a very desirable move. We look forward, Ashokji, for more such steps in this direction. Friends, I need to reflect on some concerning aspects for larger good. Sharing our concern is always good because then we can address the problem. Philanthropic endeavours should not be driven by philosophy of commodification and commercialisation. Our health and education sectors are being plagued by these.

    The group in this context offers emulative instance by confining philanthropy much away from commerce. The group is wedded to the concept of giving back to the society. I urge everyone so involved to nurture this culture. Many in the audience will bear me out that endowments of some of the Universities in the US is in billions of dollars.

    What is there in this country that we do not have this culture? In the West, anyone working out of an institute stands committed to make some fiscal contribution. Quantum is never important. I would urge our corporates to think in that direction.

     

    Friends, according to me, education is the most impactful transformative mechanism because it brings about equality. It cuts into inequities. It affords level playing field. It creates genius by discovering the genius through the path of education. Our framers of the Constitution were very wise men. They put education in the concurrent list.

    Those of you who are not lawyers, concurrent list means it is a joint concern of the State and the Union. I would appeal from this platform, a platform where I have witnessed that by way of philanthropy, it is giving back to the society. It is concurrent responsibility between the government and the private sector.

    Those in industry, trade, business and commerce must come forward and take initiatives. I appeal the country’s private sector to rise to this occasion and accord highest priority to education. My friend Praful Patel is doing it in his own way.

    I await an invitation to his contribution in this sector. India at the moment is in economic upsurge. We have phenomenal infrastructural growth, deep digitisation, technological penetration because people of this country have tasted in last decade, fruits of development.

    People centric policies have been highly rewarding. This has converted the nation as the most aspirational nation in the world at the moment and therefore education gets primacy.

    Quality education is a gift and we in the country, must work towards educational excellence. We have seen and you noticed by way of Start-ups, Unicorns and otherwise, our industries are evolving. Corporate leaders should view investment in education, not a charity.

    Beyond philanthropy, it is investment in our present, investment in our future and to put it straight away, it is investment for development of the industry, business and trade. And therefore all efforts must be taken that these investments take quantum leap.

    Look at our country. If our GDP at one point of time was one third of the world or more, it was premised on what count? We had glorified Institutions– Udantpuri, Takshashila, Vikramshila, Sompura, Nalanda, Vallabhi. The world frowned. Scholars came from every nook and corner of the globe to get knowledge and give knowledge and share knowledge.

    Thirst of knowledge was satisfied. But then what happened about 1200 years ago? Nalanda, ancient India’s intellectual jewel, it housed 10,000 students and 2,000 teachers. Nine-storied building.

    And what happened? 1193, Bakhtiyar Khilji, reckless destroyer of our culture, our academic Institution. The premises were set to fire. For months, fire consumed vast libraries, turning hundreds and thousands of irreplaceable manuscripts on Mathematics, Medicine and Philosophy to ash.This vandalised devastation wasn’t merely architectural but represented the systematic erasion of centuries of knowledge, and that makes Ashok ji your observation relevant. We must make our people aware about Sanatan values.

    Ladies and gentlemen, what vanished in those flames was the living record of ancient Indian thought, creating an intellectual void that continues to echo through history as one of this civilisation’s most profound cultural losses. Just look around which country can take pride in 5,000 years of civilisation ethos. No one comes close to us.

    And now, fortunately, in this century, we have re-arrived at the global stage. We need to reclaim that glory. We are on way. We have to take a holistic view of education in this country. I call upon leaders, Parliamentarians and thought leaders present here. We have to monetise every moment of this century.

    We cannot afford to fall victim or prey to narratives that emanate from sources that are inimical to the very existence of Bharat. We have to work to revive institutions like Nalanda, our intellectual legacy, and this is essential for realising goal of Viksit Bharat at 2047.

    Friends, the entire world knows today India is no longer a nation with potential. Viksit Bharat is not a dream. It is a certain definitive destination, and it may be fast-tracked much before 2047 if we bestow intelligent attention to education. We have a litany of IITs, IIMs across India’s academic landscape. But right now, if you look around, many niche areas, our Institutional footprint is either fragile, thin or not at all there.

    Now, when we are faced with such a situation, it is fundamentally required that we diagnose the issue. A resolution cannot emanate unless we know the ground reality. These are the areas where we can take lead in the world.

    It is for the first time, I think, in last several decades, that India is in single-digit number of countries that are focussing on Quantum computing, green hydrogen, Artificial Intelligence, and even commercial exploitation of 6G technology, but then, we need skilled men force.

    Our young boys and girls are still in the same silo or groove of government jobs. My young friends, boys and girls, if International Monetary Fund accolades Bharat as a favourite destination of investment and opportunity, it is not on account of government jobs.

    If World Bank hails us with the digitisation that has happened in this country, penetration of opportunity to the last village in six years is otherwise not accomplishable in four decades, and therefore, please be aware of the opportunity basket that is ever getting enlarged for you.

    Whether it is Blue economy, Space economy, whether you are on the sea surface, deep sea, ground, sky or space, opportunities for our youth and corporates are ever enlarging. But then, Institutions like yours have to be crucibles of change. You have to focus very deeply on research.

    I must share with you one concern. Research is not for the shelf. Research is not supposed to be on the shelf. Research is not an assimilation of cut and paste. Research is not surface scratching. Research has to correlate to the ground transformative mechanisms. And therefore, everyone involved with research, we must be having stringent standards to assess our research. This country has a great potential. Government is only one facet.

    If we go much beyond the government and give ideas to the people, in any field, results will be geometric. Ashok ji, I’m making an appeal to you now. Through you, I’m making an appeal to everyone who is possessed of wealth, possessed of wisdom, and keenly devoted to serving the society by giving it back.

    Please, let us have green field institutions in these areas for new and emerging technologies. There must be centres of research. And I can share with you, distinguished audience, and my two very distinguished Parliamentarian friends will bear me out and the Honourable Minister would also know of it. The governmental policies are going a long way in promoting contribution in these areas. Long way. Only a team has to be constituted by leaders in industry, trade, commerce and business to exploit the fullest potential of these areas.

    I have for a long time held an idea dear to me if the corporates come together our organisations like FICCI, CII, ASSOCHAM, PHD and various other chambers. If they pool their CSR, we can have every year Institutes of Excellence springing up in various parts of the country. If the modest target is set for four in a year, the Govt has only land to make available. Rest, I am sure you will bear me out.

    Rest I am sure you will give me out Industries while capable when it comes to creating infrastructure of securing even faculty. Faculty is best attracted through the industry because then there is an assurance of stability. so these kind of Ideas must be there.

    Another issue which we are facing in the countries, we have Institutes of Excellence But the variation is taking place only on the account of faculty, there is no infrastructural variation. faculty mobility you have to think about it. Presently, the system is such that a systemic change is required But the foundation stature of Hinduja foundation  can catalyse the big movement in this area  and therefore faculty members from  one place to another can navigate. There can be a group to look after them that will go a long way.

    Technology has to be used in particular to change the rural landscape of rural education, that is foundational and to bring that about we have to use Technology. The country at the moment has 400 aspirational blocks. If corporates adopt blocks then what they will get.  in every village you will find land for the school, enough infrastructure even teachers are well paid as compared to the private. What is lacking is motivation and greasing. So that engine of education can fire on all cylinders. The corporates converge on this idea to adopt aspirational blocks and that I can assure you will be a gamechanger. This will reflect public private partnership in sublimity and making lives of India much better.

    Friends, as we commemorate 75 years of KPB Hinduja college, Let us celebrate the rich legacy. Let us pay our tributes to the legendary figure who had this vision and nurture it to the next level. Let us leverage every resource to make it a global benchmark. with the collective efforts of faculty, students,  alumni and stakeholders, I have no doubt that this college will scale greater heights in the years to come as deemed University.

    I extend my heartfelt congratulations to KPB Hinduja College, Hinduja Foundation and Hinduja Family on this remarkable milestone.  May the next 75 years be even more glorious, filled with new achievements, milestones, and contributions to society.

    ***

    JK/RC/SM

    (Release ID: 2107409) Visitor Counter : 56

    MIL OSI Asia Pacific News –

    March 3, 2025
  • MIL-OSI Asia-Pac: Union Minister of Commerce & Industry Shri Piyush Goyal emphasises mutual funds industry’s role in India’s growth at AMFI Summit 2025

    Source: Government of India (2)

    Union Minister of Commerce & Industry Shri Piyush Goyal emphasises mutual funds industry’s role in India’s growth at AMFI Summit 2025

    Shri Goyal urges industry to safeguard small investors and minimise market volatility

    Domestic investors will shape India’s future, not Foreign Institutional Investors: Shri Goyal

    Posted On: 01 MAR 2025 8:12PM by PIB Delhi

    The mutual funds industry has played a pivotal role in India’s growth story by encouraging financial literacy and taking innovative financial ideas to the industry and the investors. This was stated by Union Minister of Commerce & Industry Shri Piyush Goyal during his address as a Chief Guest at the Association of Mutual Funds in India (AMFI) Mutual Fund Summit 2025 today in Mumbai

    The Minister further complimented the domestic investors for filling the gap created by the foreign institutional investors (FIIs) post-Covid. “Collective investment methods like SIPs along with domestic investors supported the market. They helped in spreading financial awareness and financial products to every part of the country, he said.

    Highlighting the importance of safeguarding the importance of small investors and other key stakeholders, Shri Goyal urged the industry leaders to reflect on ways to minimise volatility in the stock market. Large fund inflows, compulsions of the market to deploy capital, fear among investors on missing out on attractive stocks brought crises among investors during rightsizing. There has been a lot of misinformation flow about the unending ability of the market to go on a one-way street, he noted, and described the unpredictability of the stock market as a wakeup call for the industry and its small investors. 

    AMFI should also become conscious of its duties by isolating misguided investors from the rest. Companies with mettle have maintained reasonable prices at the stock market during recent turbulence, he noted. He said that duties and responsibilities of the industry towards the market are larger than the profitable returns investors enjoy in the short term. He also added that government spending and private capex are showing signs of comeback.  

    Elaborating on the responsibilities of the mutual funds industry towards its investors, the Minister urged the participants to be more diligent in cautioning investors from taking risks. He hoped that initiatives as such will spur India’s growth story for the next 22 years. Shri Goyal urged the industry to support and handhold investors, look at financial inclusion as a collective responsibility and take up financial education as its duty.

    Shri Goyal asserted that assets under management (AUM) in the mutual funds industry at nearly Rs 70 lakh crore and soon to be Rs 100 lakh crore will dominate the market and domestic investors will determine India’s future not the foreign institutional investors. He also highlighted the need for the industry as wealth creators to have a fair and organised market.

    ***

    Abhishek Dayal/Abhijith Narayanan/Asmitabha Manna

    (Release ID: 2107410) Visitor Counter : 44

    MIL OSI Asia Pacific News –

    March 3, 2025
  • MIL-OSI Asia-Pac: MIT Professor Jonathan Fleming praises Govt. of India’s efforts and remarkable achievements in women empowerment

    Source: Government of India

    MIT Professor Jonathan Fleming praises Govt. of India’s efforts and remarkable achievements in women empowerment

    Jonathan Fleming interacts with Namo Drone Didis at Pusa Campus of ICAR

    Namo Drone Didis make a live demonstration in field by using drone technology

    Posted On: 01 MAR 2025 7:41PM by PIB Delhi

    Professor Jonathan Fleming, Senior Lecturer, MIT Sloan School of Management, USA has appreciated the efforts of the Government of India and remarkable achievements in women empowerment. While interacting with the Namo Drone Didis at ICAR Pusa campus in New Delhi today, he said he was excited to see how India is using technology for women empowerment and such initiative is an inspiration for not only women in rural areas of India, but also in other countries who can learn from this concept.  Prof. Fleming was highly impressed by the process of training and benefits the women getting from the use of latest technology in India.

        The Drone Didis explained to the visiting professor about the efforts of the Government of India to enable them to use drone technology and providing financial assistance to become Drone Didis. While interacting with Prof. Jonathan Fleming, Didis told how using Drone is helping them spray fertilizers and pesticides in dense crops where manual spraying has been a big challenge. They also told that they feel proud to be called as Drone Didis and their financial condition has improved significantly. The Didis mentioned that Prime Minister of India Shri Narendra Modi is a great visionary and he has brought a great scheme for them.

     

        Prof. Jonathan also visited the Drone Robotic and Machine Learning Centre of IRAI, where he was showcased different types of drones developed by the institute and how they are making difference in the traditional farming with the use of technology. Dr. Ravi Sahoo, Principal Scientist, Division of Agricultural Physics, IRAI, New Delhi briefed him about Drone journey of India and explained to him on how India is integrating the indigenous knowledge and modern technology to reform the agriculture sector which is the backbone of Indian Economy and social system. Professor Jonathan found this technological development very interesting and said that India is not only transforming the present agriculture system but also investing in the future.

      Namo Drone Didi scheme was briefed to the visiting professor by Mr. Raman Wadhwa, Deputy Director, National Rural Livelihoods Mission. Four Namo Didis namely Ms. Gita, Ms. Sita, Ms. Priyanka, and Ms. Hemlata made a live demonstration of spraying by the Drone in the fields of IARI campus before the US dignitary.

          Later speaking to the media, Professor Jonathan Fleming said 100 percent beneficiaries of the Drone incentive scheme in the USA are men, while in India it’s totally opposite as all the beneficiaries are women which is a great example of how India is using technology for empowerment of women. “I am going back to my country with so many positive messages for my government from my wonderful experiences in India”, he said.

     

     

         Dr. Rajeev Ranjan, Senior Scientist, Division of Agricultural Physics, IARI, New Delhi along with his team of scientist, Shri SB Pawar from Ministry of Agriculture, Shri Bibhu and Shri Arvind from NRLM, several officials from IFFCO, officials from states of Haryana and Uttar Pradesh State Livelihood Missions were also present on this occasion.

    *****

    MG/RN/KSR

    (Release ID: 2107388) Visitor Counter : 27

    MIL OSI Asia Pacific News –

    March 3, 2025
  • MIL-OSI Asia-Pac: Kai Tak Sports Park Grand Opening Ceremony held today (with photos)

    Source: Hong Kong Government special administrative region

    Kai Tak Sports Park Grand Opening Ceremony held today (with photos)
    Kai Tak Sports Park Grand Opening Ceremony held today (with photos)
    *******************************************************************

         The Chief Executive, Mr John Lee, officiated at the Kai Tak Sports Park (KTSP) Grand Opening Ceremony at Kai Tak Stadium today (March 1). The KTSP is the largest sports infrastructure project ever commissioned in Hong Kong. It will boost sports development and inject impetus into related industries such as recreation, entertainment and tourism, and also mega-event economy, thereby consolidating Hong Kong’s reputation as an event capital in Asia.           Other officiating guests at the opening ceremony included the Director of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, Mr Zheng Yanxiong; the Chief Secretary for Administration, Mr Chan Kwok-ki; the President of the Legislative Council, Mr Andrew Leung; the Convenor of the Non-official Members of the Executive Council, Mrs Regina Ip; the Secretary for Culture, Sports and Tourism, Miss Rosanna Law and the Chairman of the Board of Directors of the Kai Tak Sports Park Limited, Dr Henry Cheng.           Speaking at the opening ceremony, Mr Lee, said that the KTSP, the largest sports park in Hong Kong’s history, will soon welcome top local, Mainland and international sports, music and cultural events, kicking off Hong Kong Super March. Once an airport in the middle of a busy city, Kai Tak has evolved from a flight terminal to a new global stage for sports, culture and arts, reflecting Hong Kong’s spirit of “daring to be the pioneer” and creating unlimited horizons in a limited space.     Opening today, the KTSP provides modern and multi-purpose sports and recreation facilities, including a 50 000-seat Kai Tak Stadium, a 10 000-seat Kai Tak Arena and a 5 000-seat Kai Tak Youth Sports Ground. There are also over 700 000 feet of retail, catering as well as leisure and entertainment facilities in the KTSP, providing a one-stop sports, leisure, catering and shopping experience for citizens and tourists, as well as the necessary hardware for driving the development of sports and the relevant industries. For more information of the KTSP, please visit www.kaitaksportspark.com.hk.

     
    Ends/Saturday, March 1, 2025Issued at HKT 22:10

    NNNN

    MIL OSI Asia Pacific News –

    March 3, 2025
  • MIL-OSI Asia-Pac: 49th Civil Accounts Day celebrated to mark the 49th foundation day of Indian Civil Accounts Service (ICAS) in New Delhi

    Source: Government of India

    49th Civil Accounts Day celebrated to mark the 49th foundation day of Indian Civil Accounts Service (ICAS) in New Delhi

    In a journey from departmentalisation to digitalisation, ICAS has brought a silent revolution through Public Financial Management System (PFMS): Union Finance Minister Smt. Nirmala Sitharaman

    Expenditure Secretary Dr. Manoj Govil emphasises need of harmonisation of Union and State Accounts including Urban, Rural and Local Bodies

    CGA Shri Shyam Dubey outlined CGA’s demonstrated robustness, especially during the COVID-19 pandemic, transferring over Rs. 22.85 lakh crore, including DBT schemes

    PFMS acts as a critical digital infrastructure to enable transactions between different economic entities efficiently and transparently: Dr. Panagariya

    Posted On: 01 MAR 2025 6:29PM by PIB Delhi

    The Civil Accounts Day 2025 was celebrated in New Delhi today to mark the 49th foundation day of Indian Civil Accounts Service (ICAS) with the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presiding over as Chief Guest.

    Dr. Manoj Govil, Secretary, Department of Expenditure, Ministry of Finance; and Shri Shyam S. Dubey, Controller General of Accounts (CGA), were also present on the occasion. Officers and staff of the Indian Civil Accounts Organisation, Financial Advisers of Government of India, other Senior Officials of Department of Expenditure and other Ministries /Departments of Government of India, retired ICAS Officers, senior officers from Banks and State Governments, among others, were also part of the celebrations.

    During the inaugural function, the Union Finance Minister also released a compendium on the Public Financial Management System (PFMS), titled “Digitalisation of Public Financial Management in India: The Transformative Decade (2014-24)”.

     

    During the Foundation Day, a short film on the evolution and achievements of the Indian Civil Accounts Organisation (ICAO) was also screened.

    In her address on the occasion, the Union Finance Minister recognised the role played by PFMS in achieving the key goals of governance which included: reaching the last mile benefitting 60 crore beneficiaries, direct delivery of more than 1200 central and state schemes which includes 1100 DBT schemes, end-to-end digitization through integration with 250 plus external systems such as GeM, GSTIN, TIN 2.0, PM Kisan and many more.

    Smt. Sitharaman said that PFMS has led to strengthening of cooperative federalism through integration of 31 state treasuries and 40 lakh programme implementing agencies enabling seamless financial management for millions of citizens ensuring timely and transparent disbursement of government funds.

    The Union Finance Minister underlined PFMS as the network of networks with 650 financial institutions – RBI, NPCI, Public and Private sector banks – facilitating seamless fund transfers, with the volume of PFMS transactions has gone up exponentially from 2 crore payments in 2015 to 250 crore in 2024.

     

    Referencing the July 2024 Union Budget, Smt. Sitharaman underlined the suggestion with respect to “improving data governance, collection, processing and management of data and statistics, different sectoral databases, including those established under the Digital India mission, could be utilized with active use of technology tools”, and added that CGA has the potential to work in this regard as the custodian of huge database. The Union Finance Minister emphasised on sharing India’s digital public finance expertise globally, and urged the CGA to collaborate with other countries to leverage PFMS’s technology to enhance their financial governance systems. Smt. Sitharaman also encouraged CGA to make efforts to create public awareness among citizens and taxpayers on how transparent financial systems operate.

    In his address on the occasion, Dr. Manoj Govil recognised the efforts made by CGA and the team of officers towards timely laying of annual accounts, digitisation of accounts and timely discharge of payments and various achievements of PFMS bringing in efficient Public Financial Management. Dr. Govil emphasised on the need of harmonisation of Union and State Accounts including the Urban, Rural and Local Bodies so as to facilitate better financial reporting.

     

    Earlier, in his welcome address, Shri Shyam S. Dubey gave details of the achievements of the organisation during the year in the area of accounts, Public Financial Management and capacity building. Shri Dubey outlined the organisation’s demonstrated robustness during the COVID-19 pandemic, transferring over Rs. 22.85 lakh crore, including DBT schemes.

    Shri Dubey further informed the gathering of the recently developed functionality of electronic utilisation certificate (e-UC) and e-Asset module of PFMS-SAMPATI, enabling digital recording, tracking and management of capital physical assets as mandated by the FRBM Act.

    The inaugural session was followed by keynote address by Dr. Arvind Panagariya, Chairman, 16thFinance Commission, on “India in the Global Economy: The Next Decade.”

    Calling PFMS as “incredible”, Dr. Panagariya stated that PFMS acts as a critical digital infrastructure to enable transactions between different economic entities efficiently and transparently. Dr. Panagariya stated that UPI & PFMS should be part of India’s international diplomatic outreach and global relationship, and called for greater integration of PFMS with the State Governments and Urban and Rural Local Bodies.

    Despite the periodic global and domestic economic crises, Dr. Panagariya stated that the factual data of economic growth of the last two decades, starting from 2003-2004, shows the plausibility and the feasibility of the growth potential of the Indian economy in the coming decade being able to reach the 10 trillion dollar GDP mark, as well as the 2047 target of “Viksit Bharat” set by the Prime Minister, Shri Narendra Modi.

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    NB/KMN

    (Release ID: 2107352) Visitor Counter : 40

    MIL OSI Asia Pacific News –

    March 3, 2025
  • MIL-OSI Asia-Pac: English rendering of PM’s address at post-budget webinar on agriculture and rural prosperity

    Source: Government of India

    Posted On: 01 MAR 2025 3:55PM by PIB Delhi

    Namaskar!

    After the budget, your presence in the budget-related webinar is very important. Thank you all for joining this program. This year’s budget was the first full budget of the third term of our government. This budget not only shows continuity in our policies, but also shows a new expansion in the vision of a developed India. The inputs and suggestions given by all of you stakeholders before the budget were very useful while preparing the budget. Now in implementing this budget more effectively, in getting the best and quickest outcome, in making all the decisions and policies effective, your role has increased further.

    Friends, 

    India’s resolve to move towards the goal of a developed India is very clear. We are all together engaged in building such an India where farmers are prosperous and empowered. Our endeavour is to ensure that no farmer is left behind and every farmer is encouraged to move forward. We have given a place of pride to our Annadatas, considering agriculture as the first engine of development. We are moving together towards two major goals, first- development of the agriculture sector and second- prosperity of our villages.

    Friends, 

    The PM Kisan Nidhi Yojana was implemented 6 years ago. Under this scheme, farmers have received almost 4 lakh crore rupees so far. This amount has been directly transferred to the accounts of nearly 11 crore farmers. With this financial assistance of 6 thousand rupees annually, the rural economy is getting strengthened. We have created a farmer-centric digital infrastructure so that the benefits of this scheme can reach farmers across the country. That is, there is no scope for any middleman to enter or leakage in this, a no-cut company. This is an example of the fact that if experts and visionary people like you cooperate, then the scheme succeeds as soon as possible and gives better results. With your contribution, any scheme can be implemented with full strength and transparency. I would like to appreciate your cooperation in this and your active cooperation always. Now it is necessary that we work together and speedily to implement the announcements of this year’s budget. In this also we will get your cooperation as before, but we should get more cooperation and more comprehensive cooperation in every sector. 

    Friends, 

    As you now know, today India’s agricultural production is at a record level. The agricultural production which was around 265 million tonnes 10-11 years ago has now increased to more than 330 million tonnes. Similarly, the production related to horticulture has increased to more than 350 million tonnes. This is the result of our government’s seed to market approach. Agricultural reforms, empowerment of farmers and strong value chain have made this possible. Now we have to reach even bigger targets by making full use of the agricultural potential of the country. In this direction, we have announced the PM Dhan Dhanya Krishi Yojana in the budget, this is a very important scheme for me. Under this, the focus will be on the development of the 100 districts with the lowest agricultural productivity in the country. You all have seen the results of the Aspirational District program on many parameters of development. These districts are getting a lot of benefits of collaboration, governance and healthy competition, and convergence. I would like all of you to study the results obtained from such districts and learn from their learnings and take the PM Dhan Dhanya Krishi Yojana forward at a very fast pace in these 100 districts. This will help in increasing the income of farmers in these 100 districts.

    Friends, 

    In the last few years, due to our efforts, the production of pulses has increased in the country, and I also congratulate the farmers for this. But, still 20 percent of our domestic consumption is dependent on foreign countries, on imports. That means we have to increase our pulses production. We have achieved self-sufficiency in gram and moong. But we have to work more rapidly to increase the production of tur, urad and masoor. To speed up the production of pulses, it is necessary to maintain the supply of improved seeds and promote hybrid varieties. For this, all of you will have to focus on solving challenges like climate change, market uncertainty, and price fluctuations.

    Friends, 

    In the last decade, ICAR has used modern tools and cutting-edge technologies in the breeding program. This has led to the development of more than 2900 new varieties in various crops including cereals, oilseeds, pulses, fodder, sugarcane between 2014 and 2024. You have to ensure that the farmers of our country get these new varieties at affordable rates. We also have to ensure that the farmers’ yield is not affected by the fluctuations of the weather. You know that this time in the budget, it has been announced to start a national mission for high yielding seeds. I would especially like to tell the people from the private sector who are present in this program to definitely focus on the dissemination of these seeds. To ensure that these seeds reach small farmers, they will have to be made a part of the seed chain, and it is our job to decide how to become one.

    Friends, 

    You all are seeing that today people have become very aware about nutrition. Therefore, in view of the increasing demand for horticulture, dairy and fishery products, a lot of investment has been made in these sectors. Many programs are being run to increase the production of fruits and vegetables. The formation of Makhana Board in Bihar has also been announced. I urge all of you stakeholders to find new ways to spread diverse nutritional foods. Such nutritional foods should reach every corner of the country and the global market.

    Friends, 

    In 2019, we launched the PM Matsya Sampada Yojana. This was an important step towards strengthening the value chain of this sector, creating infrastructure and modernizing it. This helped in improving production, productivity and post-harvest management in the field of fisheries. In the past years, investment in this sector was also increased through many schemes, the results of which are in front of us today. Today fish production has doubled, our exports have also doubled. Our effort is to promote sustainable fisheries from the Indian Exclusive Economic Zone and the open sea. An action plan will be prepared for this. I would like all of you to brainstorm on ideas that promote Ease of Doing Business in this sector and start working on them as soon as possible. Along with this, we will also have to ensure the protection of the interests of our traditional fishermen.

    Friends, 

    Our government is committed to making the rural economy prosperous. Under the Pradhan Mantri Awas Yojana-Gramin, crores of poor people are being given houses, property owners have got ‘Record of Rights’ through the Swamitva Yojana. We have increased the economic strength of self-help groups and have increased help to them. Small farmers and businessmen have benefited from the Pradhan Mantri Gram Sadak Yojana. We have set a target of making 3 crore Lakhpati Didis. Due to our efforts, more than 1.25 crore sisters have become Lakhpati Didis. The announcement of rural prosperity and development programs in this budget has created the possibility of many new employment opportunities. Investment in skilling and technology is creating new opportunities. All of you must discuss these topics on how to make the ongoing schemes more effective. Your suggestions and contributions in this direction will definitely yield positive results. Only with the active participation of all of us, villages will be empowered, rural families will be empowered. And I am confident that this webinar will be truly about implementing the budget as soon as possible, in the shortest possible time, and in the best possible manner, and that too with the cooperation and suggestions of all of you. Now it should not happen that in this webinar there is a discussion about making a new budget. Now this budget has been made, now this scheme has come. Now our entire focus should be on action. What are the difficulties in action, what are the shortcomings, what kind of changes are needed, we must pay attention to that. Only then will this webinar be fruitful. Otherwise, if we discuss today the budget that is going to come after a year, then we will not get the benefit of what has happened now. And that is why I request all of you that with the budget that has come, we have to achieve the targets in a year, and in that, not the government alone, but all the stakeholders of this sector should move in one direction, with one opinion, with one goal. With this one expectation, I thank you very much to all of you.

     

    DISCLAIMER: This is the approximate translation of PM’s speech. Original speech was delivered

    MIL OSI Asia Pacific News –

    March 3, 2025
  • MIL-OSI Asia-Pac: 12th Regional 3R and Circular Economy Forum in the Asia & the Pacific kick starts in Jaipur

    Source: Government of India (2)

    12th Regional 3R and Circular Economy Forum in the Asia & the Pacific kick starts in Jaipur

    On the occasion Prime Minister Shri Narendra Modi emphasizes on Pro Planet People Approach (P-3 Approach)

    Union Minister Shri Manohar Lal announces Cities Coalition for Circularity(C-3), a digital platform for knowledge exchange for cities, technical institutions and tech providers

    Agreements worth ₹1,800 crores to be signed under CITIIS 2.0 benefiting 18 cities across 14 States for effective waste management

    Posted On: 03 MAR 2025 2:12PM by PIB Delhi

    The 12th Regional 3R and Circular Economy Forum in Asia and the Pacific was inaugurated today in Jaipur. The inaugural session was attended by Shri Manohar Lal, Union Minister of Housing & Urban Affairs, Shri Bhajanlal Sharma, Chief Minister, Rajasthan. Mr. Trevor Hedley Manemahaga, Minister of Solomon Islands, Mr. Maina Vakafua Talia, Minister of Tuvalu, Mr. Ahmed Nizam, Deputy Minister of Climate Change of Maldives joined the session.  Mr.  Asao Keiichiro, Minister of Environment, Govt. of Japan joined the session through a virtual message.

    Shri Prem Chand Agarwal, Minister of Urban Development, Govt. of Uttarakhand, Shri Vipul Goel, Minister of Urban Local Bodies, Govt. of Haryana, Shri Jhabbar Singh Kharra, Minister of Urban Development & Housing, Govt. of Rajasthan, Shri Kailash Vijayvargiya, Minister of Urban Development & Housing, Govt. of Madhya Pradesh also graced the occasion.

    Prime Minister Shri Narendra Modi’s Message

    On this occasion, Prime Minister Shri Narendra Modi shared a special written message with the delegates of the Forum emphasising that India follows & strongly advocates the P-3 (Pro Planet People) approach. He has also mentioned that India has always been more than willing to share it experiences and learnings in its journey towards Circular Economy.

    In his message, he highlighted the role of 3R and Circular Economy principles in ensuring sustainable urban development and resource efficiency. He highlighted India’s leadership in global sustainability efforts, including Mission LiFE (Lifestyle for Environment) and the Panchamrit Goals announced at COP26, reinforcing India’s commitment to a net-zero future.

     

    Union Minister’s Address

    Inaugurating the event, Union Minister for Housing and Urban Affairs, Shri Manohar Lal, welcomed dignitaries, industry leaders, and international representatives. He expressed pride in India hosting the 12th edition of the forum, after the successful 8th forum in Indore. The Minister highlighted Jaipur as an ideal venue due to its deep-rooted traditions in sustainability, such as rainwater harvesting and handicrafts made from recycled materials. He thanked Hon’ble CM of Rajasthan Shri Bhajanlal Sharma for his leadership in making sustainability key pillar in the State’s development.

    Launch of Cities Coalition for Circularity (C-3)

    Taking forward PM Modi’s vision, Shri Manohar Lal announced the Cities Coalition for Circularity (C-3), a multi-nation alliance for city-to-city collaboration, knowledge-sharing, and private sector partnerships. He stated, “We propose that a working group of member nations be formed after this forum to finalize the coalition’s structure and operational framework.” This  is expected to be a game changer in the city- city partnerships across nations. Shri Manohar Lal reaffirmed that this forum will act as a catalyst for resource efficiency and a low-carbon economy, strengthening collaboration between policymakers, industry leaders, and researchers to build a sustainable future.

    During the inaugural address the Minister said “Circular Economy is not just an environmental responsibility but an economic necessity”. He pointed out that India has always practiced sustainable living, but industrialization led to an increase in waste and resource inefficiency. “Now is the time to modernize and integrate these traditional sustainable practices with technological advancements,” he said.

    Shri Manohar Lal emphasized that under the leadership of Hon’ble Prime Minister Shri Narendra Modi, India is championing Circular Economy on the global stage. He highlighted key government initiatives such as:

    ✔ Mission LiFE (Lifestyle for Environment)

    ✔ Panchamrit Goals at COP26, committing India to net-zero emissions by 2070

    ✔ Swachh Bharat Mission & AMRUT 2.0, tackling urban waste and wastewater recycling

    The Minister also spoke about India’s focus on Bio-CNG, plastic waste management, and e-waste recycling, reaffirming the government’s resolve to create a low-carbon, resource-efficient society.

    Jaipur Declaration (2025-2034)

    Shri Manohar Lal announced that the forum will adopt the Jaipur Declaration (2025-2034), a non-political, non-binding commitment that will guide the next decade of efforts towards resource efficiency and sustainable urban growth.

    3R India Pavilion – Showcasing Innovation

    Shri Manohar Lal, along with Hon’ble Chief Minister Shri Bhajanlal Sharma, inaugurated the 3R India Pavilion. The pavilion features the International 3R Trade and Technology Exhibition, showcasing over 40 Indian and Japanese businesses and start-ups working on waste management and Circular Economy solutions.

    Chief Minister’s Remarks

    Hon’ble Chief Minister of Rajasthan, Shri Bhajanlal Sharma, mentioned that  circular economy is not just a necessity for today but also for our future. He said that issues like climate change, biodiversity loss, and pollution are creating challenge for the planet Earth and Circular Economy is the most effective way to cope with these challenges.

    He said that it is a system where waste is reused & recycled causing reduced energy consumption and renewable energy is promoted.

    Highlighting the steps taken by Rajasthan Government Chief Minister said that the Rajasthan government is playing a leading role in this mission. An Environmental Management Cell (EMC) has been established so that waste management and recycling can be done more effectively.

    Inauguration of the 3R India Pavilion

    As part of the forum, the 3R India Pavilion was jointly inaugurated by Union Minister Shri Manohar Lal and Chief Minister Shri Bhajanlal Sharma. The pavilion features the International 3R Trade and Technology Exhibition, showcasing innovative waste management and circular economy solutions from over 40 Indian and Japanese businesses and start-ups. The exhibition serves as a platform for industry leaders to explore cutting-edge technologies in resource efficiency and recycling.

     

    Signing of MoU for City Investments to Innovate Integrate and Sustain (CITIIS) 2.0

    During the event, a key Memorandum of Understanding (MoU) for CITIIS 2.0 was signed, marking a significant milestone in urban sustainability initiatives. The Minister also spoke about CITIIS 2.0, a flagship initiative driving integrated waste management and climate action. He announced that agreements worth ₹1,800 crores will be signed under this initiative, benefiting 18 cities across 14 states, and serving as lighthouse projects for other urban areas.

    The 12th Regional 3R and Circular Economy Forum will continue over the next few days, featuring expert discussions, policy dialogues, and collaborative initiatives to shape the future of sustainable urban development.

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    JN/SK

    (Release ID: 2107712) Visitor Counter : 54

    MIL OSI Asia Pacific News –

    March 3, 2025
  • MIL-OSI Asia-Pac: National duty of every citizen to contribute to the welfare of soldiers & their families: Raksha Mantri at CSR Conclave

    Source: Government of India (2)

    Posted On: 03 MAR 2025 2:09PM by PIB Delhi

    Raksha Mantri Shri Rajnath Singh has called upon the people to contribute whole-heartedly to the welfare of the soldiers and their families, terming it as the national duty of every citizen. Addressing the Armed Forces Flag Day Corporate Social Responsibility (AFFD CSR) Conclave in New Delhi on March 03, 2025, he stated that India’s soldiers always stand firm, vigilant and ready at the borders in difficult conditions to protect the country from all kinds of threats with courage & promptness.

    While the Government is committed to strengthening India’s security apparatus and ensuring the welfare of its soldiers & their families, it is the nation’s collective responsibility to come forward and support them in every way possible, he said.

    Shri Rajnath Singh asserted that CSR is not about 2% contribution, it is a matter of heart-to-heart connection with the brave soldiers and their dependants. “Whatever contribution you make, it will not be ordinary. You should take full care that tomorrow, when your real balance sheet is ready, it has more assets of satisfaction and happiness than liabilities,” he told the top corporate heads present on the occasion.           

    Raksha Mantri reiterated Prime Minister Shri Narendra Modi-led Government’s commitment to enhance the participation of the private sector, stating that the goal of Aatmanirbhar and Viksit Bharat can be achieved through the concerted efforts of all stakeholders. He exuded confidence that with the growing private sector participation, India will find a place among the top-three economies of the world by 2027. He commended the corporate houses for their generous contributions towards AFFD Fund and felicitated top CSR donors on the occasion.

    The Department of Ex-Servicemen Welfare, Ministry of Defence has been working for the welfare and rehabilitation of war widows, wards of fallen soldiers and ex-servicemen, including disabled ones by providing financial assistance for their identified personal needs such as penury grant, children’s education grant, funeral grant, medical grant and orphan/disabled children grant.

    Contributions the AFFD Fund can be made through cheque/DD/NEFT/RTGS drawn in the following bank accounts:

    S No

    Bank Name & Address

    Account Number

    IFSC Code

    1.

    Punjab National Bank

     

    Sewa Bhawan, RK Puram

     

    New Delhi-110066

    3083000100179875

    PUNB0308300

    2.

    State Bank of India

     

    RK Puram

     

    New Delhi-110066

    34420400623

    SBIN0001076

    3.

    ICICI Bank

     

    IDA House, Sector-4, RK Puram

     

    New Delhi-110022

    182401001380

    ICIC0001824

     

    Payment can also be made through the QR Code given below:

     

    Raksha Rajya Mantri Shri Sanjay Seth, Chief of the Air Staff Air Chief Marshal AP Singh, Secretary (Ex-Servicemen Welfare) Dr Niten Chandra, other senior officials of MoD, members from the CSR fraternity and serving & retired personnel of the Armed Forces attended the conclave.

    ***

    VK/SR/Savvy

    (Release ID: 2107711) Visitor Counter : 87

    MIL OSI Asia Pacific News –

    March 3, 2025
  • MIL-OSI Asia-Pac: NITI AAYOG LAUNCHES REPORT ON “FROM BORROWERS TO BUILDERS: WOMEN’S ROLE IN INDIA’S FINANCIAL GROWTH STORY” REPORT PUBLISHED IN COLLABORATION WITH RANSUNION CIBIL AND MICROSAVE

    Source: Government of India (2)

    NITI AAYOG LAUNCHES REPORT ON “FROM BORROWERS TO BUILDERS: WOMEN’S ROLE IN INDIA’S FINANCIAL GROWTH STORY” REPORT PUBLISHED IN COLLABORATION WITH RANSUNION CIBIL AND MICROSAVE

    Shows 42% Year-Over-Year Growth in Women Borrowers

    Posted On: 03 MAR 2025 2:05PM by PIB Delhi

    NITI Aayog today launched the report titled “From Borrowers to Builders: Women’s Role in India’s Financial Growth Story”. The report launched by CEO NITI Aayog, Shri B.V.R. Subrahmanyam reveals that more women in India are seeking credit and actively monitoring their credit scores. As of December 2024, 27 million women were monitoring their credit, marking a 42% increase from the previous year, signaling growing financial awareness. The report has been published by TransUnion CIBIL, Women Entrepreneurship Platform’s (WEP) of NITI Aayog and MicroSave Consulting (MSC).

    During the launch, Shri B.V.R. Subrahmanyam, CEO of NITI Aayog, highlighted the critical role of access to finance in empowering women entrepreneurs. He stated, “the government recognizes that access to finance is a fundamental enabler for women’s entrepreneurship. The Women Entrepreneurship Platform (WEP) continues to work towards building an inclusive ecosystem that fosters financial literacy, access to credit, mentorship, and market linkages. However, ensuring equitable financial access requires a collective effort. The role of financial institutions in designing inclusive products tailored to women’s needs, along with policy initiatives that address structural barriers, will be instrumental in accelerating this momentum. To achieve this goal under the aegis of WEP, Financing Women Collaborative (FWC) has been constituted. We seek more financial sector stakeholders to join FWC and contribute to this mission.”

    Anna Roy, Principal Economic Advisor, NITI Aayog and Mission Director WEP, said: “Encouraging women entrepreneurship is one way of ensuring employment opportunities for women entering the workforce in India. It also serves as a viable strategy for accelerating equitable economic growth. Promoting women’s entrepreneurship could create employment opportunities for 150 to 170 million people while driving greater participation from women in the labour force.

    The report highlights that women’s share of the total self-monitoring base increased to 19.43% in December 2024, up from 17.89% in 2023. More women from non-metro regions are actively self-monitoring their credit compared to those in metro areas, with growth of 48% in non-metro regions and 30% in metro areas. In 2024, Maharashtra, Tamil Nadu, Karnataka, Uttar Pradesh and Telangana accounted for 49% of all self-monitoring women, with the southern region leading at 10.2 million. Northern and central states, including Rajasthan, Uttar Pradesh, and Madhya Pradesh, saw the highest compounded annual growth rates (CAGR) in active women borrowers over the past five years.

    Since 2019, women’s share in business loan origination has increased by 14% and their share in gold loans has grown by 6%, with women accounting for 35% of business borrowers by December 2024. However, challenges such as credit aversion, poor banking experiences, barriers to credit readiness and issues with collateral and guarantors persist. With rising credit awareness and improved scores, financial institutions have the opportunity to offer gender-smart financial products tailored to women’s unique needs.

     

    ***

    MJPS/SR

    (Release ID: 2107708) Visitor Counter : 15

    MIL OSI Asia Pacific News –

    March 3, 2025
  • MIL-OSI Asia-Pac: Hongkong Post to issue “2025 Hong Kong Definitive Stamps” (with photos)

    Source: Hong Kong Government special administrative region

         â€‹Hongkong Post announced today (March 3) that a new set of “2025 Hong Kong Definitive Stamps” and associated philatelic products on the theme of Hong Kong landmarks will be released for sale on March 18 (Tuesday).
          
         The “2025 Hong Kong Definitive Stamps” is the fifth set of definitive stamps issued by Hongkong Post since the establishment of the Hong Kong Special Administrative Region of the People’s Republic of China. This set of definitive stamps introduces famous landmarks in Hong Kong through a set of 16 stamps. The landmarks include the Hong Kong Palace Museum, the International Finance Centre, the Hong Kong-Zhuhai-Macao Bridge, Lai Chi Wo, etc, demonstrating the uniqueness and charm of Hong Kong as an international financial hub and an East-meets-West centre for international cultural exchanges. The stamps showcase the stunning landscapes of Hong Kong and depict the city’s important infrastructure developments and conservation achievements. The definitive stamps are available in a full range of denominations, providing the public with convenience in combining the stamps for daily use when posting mail items.
          
         In parallel, the “2014 Hong Kong Definitive Stamps” on the theme of the Hong Kong Global Geopark of China will continue to be on sale while stocks last. A special souvenir pack will be released to commemorate the concurrent sale of two sets of Hong Kong definitive stamps.
          
         Official first day covers for “2025 Hong Kong Definitive Stamps” will be on sale at all post offices and Hongkong Post’s online shopping mall ShopThruPost (shopthrupost.hongkongpost.hk) from tomorrow (March 4), while postcards will be available at philatelic offices only. This set of definitive stamps and associated philatelic products will be on sale at all post offices and ShopThruPost from March 18, while serviced first day covers affixed with the definitive stamps, souvenir packs and maximum cards will be available at philatelic offices only. Stamp booklets will be on sale at all post offices (except mobile post offices) from March 18 to 24, and available at convenience stores and other non-post office outlets from March 24.
          
         A hand-back date-stamping service will be provided on March 18 at all post offices for official first day covers/souvenir covers/privately made covers bearing the first day of issue indication and a local address.
          
         In addition, to bring new excitement and enhance the commemoration, Hongkong Post will launch the “2025 Hong Kong Definitive Stamps” cachets which consist of 16 designs concurrently on the issue date of March 18 of the new definitive stamps. The full set of cachets will be set up at four post offices, namely the General Post Office, the Sha Tin Central Post Office, the Tsim Sha Tsui Post Office and the Tsuen Wan Post Office, as well as in the Postal Gallery at the Hongkong Post Building. In addition, six of these cachets will be available in the five designated post offices, with details in the Appendix.

         Information about this set of definitive stamps, associated philatelic products and cachets is available on the Hongkong Post Stamps website (stamps.hongkongpost.hk).                           

    MIL OSI Asia Pacific News –

    March 3, 2025
  • MIL-OSI Asia-Pac: Fraudulent websites, internet banking login screens and social media accounts related to Nanyang Commercial Bank, Limited

    Source: Hong Kong Government special administrative region

    Fraudulent websites, internet banking login screens and social media accounts related to Nanyang Commercial Bank, Limited
    Fraudulent websites, internet banking login screens and social media accounts related to Nanyang Commercial Bank, Limited
    ******************************************************************************************

    The following is issued on behalf of the Hong Kong Monetary Authority:     The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Nanyang Commercial Bank, Limited relating to fraudulent websites, internet banking login screens and social media accounts, which have been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.           The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).           Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the websites, login screens and social media accounts concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.

     
    Ends/Monday, March 3, 2025Issued at HKT 14:35

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    MIL OSI Asia Pacific News –

    March 3, 2025
  • MIL-OSI Asia-Pac: Hong Kong to host Green Week in September

    Source: Hong Kong Government special administrative region

    Hong Kong to host Green Week in September
    Hong Kong to host Green Week in September
    *****************************************

    The following is issued on behalf of the Hong Kong Monetary Authority:     Hong Kong will host the second Hong Kong Green Week from September 8 to 12.           The theme of this year is “Forging a Sustainable Future Together”. The week-long event will cover a wide array of sustainability-related topics, providing stakeholders from various regions and sectors with a platform for dialogue and collaboration.           During the week, the Hong Kong Monetary Authority (HKMA) and the International Finance Corporation will co-host the anchor event, Climate Business Forum: Asia Pacific 2025. The Forum will bring together speakers at the forefront of sustainable business and finance for a deep dive into the region’s transition to low-carbon, resilient and inclusive growth. The HKMA will also co-ordinate other events such as conferences, roundtables, workshops and networking events hosted by international organisations, financial institutions, corporates, industry associations, academic institutions and others.  Event details will be announced in due course.

     
    Ends/Monday, March 3, 2025Issued at HKT 14:00

    NNNN

    MIL OSI Asia Pacific News –

    March 3, 2025
  • MIL-OSI Asia-Pac: Text of the Vice-President’s address at IIT Hyderabad (Excerpts)

    Source: Government of India

    Posted On: 02 MAR 2025 6:30PM by PIB Delhi

    Very good afternoon all of you and I had the occasion to say it yesterday, there are no backbenchers in IITs, there are only backbenches. Am I right? Shri Jishnu Dev Verma, Honourable Governor Telangana, Honourable Member of Parliament, Shri M. Raghunandan Rao, Chairman, Board of Governors, IIT Hyderabad, Dr. B. V. R. Mohan Reddy, a man highly acclaimed, highly accoladed and I shared his thoughts with you, mincing no words.

    When IIT Board of Governors is fully involved, things are in a different groove. Professor B. S. Murthy, Director IIT Hyderabad, watch out for him. He is not as he appears, a tough guy. He means business and he means two other things apart from business. Number two is business, Number three, is business. Brevity is the soul of wit, the soul of demonstration of it in his discourse. Every word was amplified, a thought process with which you all are involved. He indicated, we don’t only create ideas, we ideate, we innovate, we accomplish. When you monetise every second, every moment, you do justice not only to yourself but to humanity.

    But you are greatly privileged when you happen to be in Bharat, home to one-sixth of humanity. We are privileged today to have presence of Honourable members of Parliament. Shri Vaddiraju Ravichandra, Shri S. S. Babu, I’ll face them in Rajya Sabha from my chair. You must have seen Rajya Sabha proceedings. They are good cholesterol. Soothing and make positive contributions. It was a great loss to the chairman of Rajya Sabha when Shri Vijay Sai Reddy ji, a very distinguished parliamentarian, ceased to be its member. I wish him great luck.

    The director focused and so did the chairman of the board of governors. An Institution is defined by the infrastructure, but that is easily creatable. That is essential, but not the cutting edge. It is our 300 squad of faculty members with greater recognition who are giving everything to make you future leaders. And let me tell you, there can be no greater honour at the moment than a global benchmark to get such quality education as your Institute.

    Amongst the IITs, in terms of time, you may not have been in the beginning, but by your achievements, by your accomplishments, you have reached that group. My congratulations to the entire faculty. The director must settle me, finding I have a political background of having been in parliament in 1989 when I ministered there, and also taking a vote without spilling out my role as Governor of the state of West Bengal. It reminded me I have to focus on innovation.

    Innovation, boys and girls, is a panacea for what we need and what kills us. It is a one-stop solution to bring about progress, sustainable development, and solve our problems. When it comes to Bharat, a land of homogeneous, demonstrated to the world for over 5,000 years, an Indian mind has a DNA which speaks of genius.

    Let me buttress it by one illustration. We are a nation of 1.4 billion people and we are well spread out. The landscape, rural, semi-urban, urban, metro, and top metros. But when it came to technological penetration and digitisation, just imagine, accessibility of technology and adaptability of those in the villages. Amazing performance, giving us global recognition. If our people-centric policies, if service delivery is so efficient, it is on account of adaptability to technology of our brothers and sisters in the villages. I am son of a farmer.

    Imagine the kind of pride I have. Three times a year, about 100 million farmers get a direct amount in their bank accounts. The government or the system is not important. It is an achievement, but the farmers are equipped on their own to receive it. Now if you go to the base of it, this would not have been possible unless the Prime Minister of the country entertained the grandiose idea that they must have access to banking system.

    And in the shortest space, when it comes to time assessment, over 500 million people have got banking vision. Second, the malice of nepotism, and that is highly unacceptable to our young people, because if patronage is password for an employment or opportunity, you will have a deep frustration.

    And there was a time, not long ago, when power corridors were infested with corrupt elements. Decision-making was leveraged extraordinarily. Patronage was a password for success. There was in that country a privileged pedigree. They entertained the idea that we are above law. We are beyond the reach of law. Nothing could be more frustrating toyoung minds. I faced it during my time.

    Imagine my pain, admitted to an IIT, had no money, couldn’t go. Imagine my pain, as an advocate, had to work very hard to get a loan of 6000 rupees for my digestion. Vividly I had before me the manager who said, I can give you without paying guarantee because I find you are a good lawyer, and look at the transformative change you are witnessing. Start-ups, unicorns emanating from tier 2 cities.

    You are, and you try, Gen Z and Generation Next and those who are before me. You are the most vital stakeholders in democracy, in progress of this nation. Right now, if you have to see where we are heading, then we have to find the ecosystem. A nation’s state is fundamental because if the nation is let say at war, things go horizontally. So nation’s state is important. So is the national movement. Also its growth trajectory, the destination it has for itself, its ecosystem.

    And when we examine these things, reality check, our nation is in a top global group. World technological leaders, when it comes to finer aspects of development like Quantum computing or Green Hydrogen mission or commercialisation of 6G, areas which will appeal you not to ordinary youth, but we are in the big league of nations.

    Artificial intelligence is bringing about paradigm shift every moment. It is introduction of an era, a new kind of industrial revolution with greater potential, challenges and opportunities. This has a big basket of opportunities for boys and girls. Let me remind you one aspect. I had the occasion to face terrible panks of pain in 1990.

    I was a Minister and our gold had to be shipped out by air to be placed to two banks in Switzerland to sustain our fiscal credibility because our foreign exchange could not last even for a few weeks, not to speak of months.

    It was in doldrums, dangerously moving around 1 billion US dollars. This is not a concern to us at all at the moment. We are 700 billion, but concern to you is we are having trade deficit with a neighbouring country to the extent of 90 billion US dollars, and if I go by the figures recently released, the input is 17% year on year and the output is only 11%. Solution to that has to be found by you.

    You will have to focus and only you can do it. I do agree that young minds like you have capacity to bring about big transformative change. But then you need some support. And one support is I seek to steer your minds, minds of the parliamentarians, minds of industry leaders, your chairman represents that group. Academia, your director represents it.

    Economic nationalism. Much of the trade deficit that is draining out our foreign exchange to the tune of hundreds of billions. If one country is around 90 billion US dollars, you can imagine when we cumulatively assess it.

    Why should this country import what is available? Number two, if it is avoidable, can’t our genius find a solution by way of substitution? and three, our raw materials leave our shores, pronouncing on our inability to add value to the raw material. In the process, we deprive our people of work on both accounts, avoidable imports and export of raw material. The blunt entrepreneurship, this mindset has to dominate us.

    The role of the people is crucial, but then the greater role is of those in industry, commerce, business and trade. Can’t they sit on one table through their associations and take a call? That, I would urge, should be taken.

    While I was examining your motto and logo, both are critical, and I am happy by what I have gathered on my own and what has been asserted by the director and chairman. Motto: Inventing and innovating in Technology for Humanity.

    Logo: Expansion and Growth of Knowledge, and this is drawn from Telugu. Let me reflect on some changes that are worrisomely alarming, concerning. India is a land of rich languages.

    Sanskrit, Bangla, Hindi, Tamil, Telugu, Kannada, several languages. Even in Parliament, simultaneous translation takes place in 22 languages. Our civilisational ethos tells us inclusivity. Should there be confrontational stance on language in land of Bharat?

    What a moment of pride for everyone when languages were put in the classical language status recently. We have to nurture every language. Our languages have global outreach. They are gold mine of literature, and the literary pieces have knowledge and wisdom. Vedas, Puranas, our epics, Ramayana, Mahabharata, Gita.

    And therefore I call upon youth of the country, Social media has given you the power to take a call. If there is deviation from our commitment to nationalism, if there is assessment of development through partisan prism, we need to be watchdogs.

    Use the power to blunt the narratives that emanate from forces that are financially fuelled only to injure Bharat. Because you are at the moment living in times that indicate hope and possibility. Your basket is limitless.

    Look at sea surface, deep sea, ground, underground, sky or space. Your opportunities and challenges are there. Mid-blue economy or space economy.

    Let me pose a question to you. If the International Monetary Fund has asserted that India, Bharat at the moment is a hotspot, a global centre, most attractive one for investment and opportunity, is it for government jobs? Certainly not. Therefore, that opportunity is for you also.

    Investment, these days I can tell you with my exposure in governance, is not a problem at all. You would have seen in start-ups investment, apart from the governmental affirmative policies, innovative framework, top business leaders investing in start-ups. The hierarchical succession mechanism in industrial business has collapsed.

    Tech tycoons are emerging. There was a time when we could not see a single Indian soul working in global top corporates at any level, and now boys and girls, there is not a single global corporate of consequence where an Indian genius is not contributing at the top level.

    When that is the scenario, you have to make a difference. You have to catalyse the change which you think is best for the nation. And I would say, don’t just catalyse, be the epicentre of change.

    Another centre of change, never ever keep a brilliant idea in your mind. Your mind is not a parking space. What a parking place.

    You do greatest injustice to you and to humanity that an idea has occurred to you and you fear experimentation. You fear failure. Boys and girls’ fear of failure is a myth.

    Chandrayaan 2,I was governor of the state of West Bengal. It was September, I think, 2019. I think 2019, and I was in the company of about 500 school-going children, young boys and girls. Chandrayaan 2 landed close but could not touch the lunar surface. For some who are recipe for chaos, some would define nothing but negativity. For some who see nothing but only taint in your white cloth, they said, failure, so much money, but if you examine success of Chandrayaan 3, was rooted in the foundation laid by Chandrayaan 2, you all will realise first attempt success has eluded most great innovations.

    Let me focus on reality of research and innovation. First our corporates. I am not critical of them, I am critique. They must invest in research. They must invest in research for development and innovation. They must compete with global giants, because this investment is not for the beneficiary student, boy or girl of your Institute or other Institutes.

    It is for benefit of our present, our future. And trust me, we have had a big change in our strategic system globally. Conventional war system has collapsed. It is diplomacy that defines. Innovation and research give us great cutting edge in soft diplomacy. We become a great power. Therefore I appeal from this podium. Corporates, examine what your peers are doing in the West. Please come closer to them.

    Second, look at global Universities. Their endowment funds in billions of US dollars. I had the occasion to glance. Oh my god, crossing in 50 billion US dollars. If you see the top list, why don’t we have it? I hope, Governor of the board, we started in 2008.

    We have Alumni. Let our alumni plow in the corpus. Amount doesn’t matter. It is the spirit of contribution that will generate a connect with the Institute.

    A pride for them also. I have mooted an idea. I hope someone takes it.

    We have institutes of excellence, IITs, IIMs and other institutes. Their aluminium associations must form into a confederation of associations of aluminium. It will be a top world benchmark think tank for policy making.

    It can spur research and innovation. All I am indicating is that these thoughts which I have shared are only indicative, because you are discerning minds, you can on your own work about it.

    If a man like me, who had such a successful career, I can say so, now I am not a senior advocate anymore, to be designated senior in less than 10 and a half years of my practise. No one has done it. I still feel the void of not getting admission to IIT. You are there. I still have the void.

    The position of the Governor or Vice-President does not compensate it. And therefore, I am your Eklavya. I am trying to persuade you.

    I would conclude, I invite in batches students of the IIT and the faculty to be my guests for a visit to Indian parliament, and I would have the occasion and I would gather some people who need to be educated. No pun intended.

    We will have luncheon, brainstorming sessions. I will depute an Officer from my secretariat to be in touch with the Registrar, and this will be done before I take off in my helicopter. I hope you will respond to me. I go with a deep sense of satisfaction, optimism and confidence.

    Though I have not been able to share my thoughts in completeness, but I know, I may have sent or short changed you. But you have received what I mean to convey.

    Thank you so much for your time.

     ***

    JK/RC/SM

    (Release ID: 2107587) Visitor Counter : 34

    MIL OSI Asia Pacific News –

    March 3, 2025
  • MIL-OSI Asia-Pac: Modi Govt. promoting and acknowledging Grassroots Innovators for the First Time in India: Union Minister Dr. Jitendra Singh

    Source: Government of India

    Modi Govt. promoting and acknowledging Grassroots Innovators for the First Time in India: Union Minister Dr. Jitendra Singh

    Unsung Heroes Get Their Due Recognition as Padma Awards Become the ‘People’s Padma’ Under PM Modi’s Vision

    Emphasized Prime Minister Modi’s commitment to ‘Virasat Bhi aur Vikas Bhi,’ integrating India’s exclusive traditional knowledge with cutting-edge technology.

    Stressed that innovations originating in remote villages will be scaled up, ensuring equal opportunities and resources as available in urban areas.

    Breaking Barriers: Private Participation highlights Dr. Singh

    Posted On: 02 MAR 2025 6:27PM by PIB Delhi

    NEW DELHI, March 2: The Modi government is promoting and acknowledging grassroots innovators for the first time in India, said Union Minister Dr. Jitendra Singh.

    Addressing the Silver Jubilee celebration of the National Innovation Foundation (NIF) an autonomous institute under Department of Science and Technology, Government of India. of India via virtual mode, Dr. Jitendra Singh emphasized Prime Minister Modi’s commitment to ‘Virasat Bhi aur Vikas Bhi,’ integrating India’s exclusive traditional knowledge with cutting-edge technology. Dr. Jitendra Singh also released a postal stamp, followed by a Magazine titled ‘Innovation frontline’ and a coffee table book.

    Highlighting the critical role of rural innovation in India’s economy, Union Minister of State (Independent Charge) for Science and Technology, Minister of State (Independent Charge) for Earth Sciences, Minister of State in the Prime Minister’s Office, Department of Atomic Energy, Department of Space, and Personnel, Public Grievances, and Pensions, Dr. Jitendra Singh stressed that innovations originating in remote villages will be scaled up, ensuring equal opportunities and resources as available in urban areas.

    He applauded India’s transformation from the ‘Fragile Five’ to the ‘First Five’ and its soon-to-be fourth place in the global economy. He called for a scientific approach to harnessing underexplored sectors, including those in the rural areas, that were neglected under previous regimes.

    Dr. Jitendra Singh also recalled PM Modi’s clarion call to celebrate National Science Day with a festive fervour, as mentioned in last week’s ‘Mann Ki Baat’ program. He described it as unprecedented for a Prime Minister to extend such patronage to science and technology.

    Expressing his delight after speaking to the Padma Awardees who fostered innovation, Dr. Jitendra Singh questioned the long delay in recognizing these unsung heroes, many of whom began their work as early as the 1990s. He credited PM Modi for transforming the Padma Awards into ‘People’s Padma’ in the truest sense.

    The Minister highlighted the Micro Venture Innovation Fund (MVIF)—a pioneering initiative by NIF with SIDBI that has provided necessary risk capital to 238 innovation-based enterprise projects. Calling it a novel initiative, he debunked the myth that only elite scientists with fancy degrees can drive innovation and startups. He cited the success of the Lavender Revolution, backed by CSIR-IIIM Jammu, and the Floriculture Revolution, driven by CSIR-IHBT Palampur.

    ‘India’s Techade’ Vision: Affordable and Globally Appealing Technology, Dr. Singh reiterated that India’s technology is inherently affordable and cost-effective, making it globally appealing. Celebrating NIF’s 25-year journey, he announced that 713 patents have been granted in India and 5 in the USA, underscoring NIF’s role in fostering grassroots innovations. He also highlighted that NIF was one of the early institutions in India to host a Technology Business Incubator (TBI), now known as NIF Incubation and Entrepreneurship Council (NIFientreC). Over 25 grassroots startups and several hundred enterprises, some with ₹10+ crore annual turnover, are thriving under its support, creating rural employment opportunities.

    The S&T Minister emphasized that under PM Modi’s visionary leadership, India has unlocked the space sector for private participation. He also noted that, for the first time, the nuclear energy sector has been opened to private players, as announced in the recent budget.

    Building Viksit Bharat @ 2047 Dr. Singh called upon all innovators to contribute towards making India a ‘Viksit Bharat’ by 2047. Concluding his address, he described NIF’s 25-year journey as a testament to inclusivity, shaping India’s innovation landscape by successfully identifying, supporting, and disseminating grassroots innovations—reaching even the most remote border villages.

    “With science and technology thriving under PM Modi’s leadership, these are indeed the best times for innovation and research in India” concludes Minister Dr. Singh.

    ******

    NKR/PSM

    (Release ID: 2107585) Visitor Counter : 44

    MIL OSI Asia Pacific News –

    March 3, 2025
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