Category: Economy

  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi’s reply to the Motion of Thanks on the President’s Address in Rajya Sabha

    Source: Government of India

    Prime Minister Shri Narendra Modi’s reply to the Motion of Thanks on the President’s Address in Rajya Sabha

    Sabka Saath, Sabka Vikas is our collective responsibility: PM

    The people of the country have understood, tested and supported our model of development: PM

    Santushtikaran over Tushtikaran, After 2014, the country has seen a new model and this model is not of appeasement but of satisfaction: PM

    The mantra of our governance is – Sabka Saath, Sabka Vikas: PM

    India’s progress is powered by Nari Shakti: PM

    We are Prioritising the welfare of the poor and marginalised: PM

    We are Empowering the tribal communities with PM-JANMAN: PM

    25 crore people of the country have moved out of poverty and become part of the neo middle class, Today, their aspirations are the strongest foundation for the nation’s progress: PM

    The middle class is confident and determined to drive India’s journey towards development: PM

    We have focused on strengthening infrastructure across the country: PM

    Today, the world recognises India’s economic potential: PM

    Posted On: 06 FEB 2025 8:41PM by PIB Delhi

    The Prime Minister, Shri Narendra Modi replied to the Motion of Thanks on the President’s Address to Parliament in the Rajya Sabha today. Addressing the House, the Prime Minister remarked that the President’s address covered India’s achievements, global expectations from India, and the confidence of the common man in building a developed India. He remarked that the President’s speech was inspiring, impactful, and provided guidance for future work. He expressed his gratitude to the President for the address. 

    Shri Modi said that over 70 honorable MPs have enriched the motion of thanks with their valuable thoughts. He noted that discussions took place from both sides, with everyone explaining the President’s address based on their understanding. The Prime Minister mentioned that a lot has been said about Sabka Saath, Sabka Vikas, and he found it difficult to understand the complexities involved. He emphasized that Sabka Saath, Sabka Vikas is our collective responsibility, and that’s why the country has given them the opportunity to serve. 

    Thanking the people of India for giving them the opportunity to serve them continuously since 2014, Shri Modi said this was a testimony to our model of development which has been tested, understood and supported by the people. He added the phrase ‘Nation First’ signified their model of development and this was exemplified in the policies, schemes and actions of the Government.  Noting that there was a need of alternate model of governance and administration after a long hiatus of 5 – 6 decades after independence, Shri Modi said that country has received an opportunity to witness a new model of development, since 2014, based on satisfaction (Santushtikaran) over appeasement (Tushtikaran). 

    “It has been our earnest effort to ensure optimum utilization of the resources in India”, said the Prime Minister. He added that to ensure that the time of India was also not wasted but utilized for the development of the nation and the welfare of the people. Therefore, he added, “We have adopted the Saturation Approach”. He remarked that the motive behind the approach was to ensure 100% benefits to the true beneficiaries of the scheme. Highlighting that the true spirit of “Sabka Saath, Sabka Vishwas” has been implemented on the ground in the past decade, Shri Modi said that it is now evident as the efforts have led to the fruition in the form of development and progress. “Sabka Saath, Sabka Vishwas is the main mantra of our Governance”, he added. The Prime Minister emphasized that the Government had shown its commitment by strengthening the SC, ST Act which would empower the poor and the tribals by enhancing their respect and security. 

    Lamenting that there is a lot of effort being made in today’s time to spread the poison of casteism, the Prime Minister reminded that  for the past three decades, OBC MPs from various parties of both houses have been demanding constitutional status for the OBC Commission. He added that it was their Government that granted constitutional status to the OBC Commission. He highlighted that the respect and honour of the Backward Classes was also important for their Government as they worship 140 crore Indians. 

    Remarking that whenever the topic of reservation has arisen in the country, efforts to solve the problem in a robust manner have not been undertaken, Shri Modi highlighted that in every instance, methods to divide the country, create tension, and foster enmity against each other were adopted. He emphasized that similar approaches were used even after the country attained independence. The Prime Minister highlighted that for the first time, his government presented a model inspired by the mantra of Sabka Saath, Sabka Vikas, providing nearly 10% reservation for the economically weaker sections without any tension or deprivation. He stated that this decision was welcomed by the SC, ST, and OBC communities, with no one expressing any discomfort. The Prime Minister noted that the implementation method, based on the principle of Sabka Saath, Sabka Vikas, was carried out in a healthy and peaceful manner, leading to nationwide acceptance of the decision.

    Highlighting that Divyangs or specially-abled individuals in the country have not received the attention they deserve, the Prime Minister highlighted that under the mantra of Sabka Saath, Sabka Vikas, his Government has extended reservation for the differently-abled and worked in mission mode to provide facilities for them. He mentioned that numerous welfare schemes have been created and implemented for the benefit of specially-abled individuals. Furthermore, Shri Modi emphasized the efforts made for the legal rights of the transgender community, highlighting the commitment to ensuring their rights through robust legal measures. He remarked that the Government’s approach to Sabka Saath, Sabka Vikas is demonstrated through their compassionate consideration towards marginalized sections of society.

    “India’s progress is powered by Nari Shakti”, exclaimed Shri Modi. He highlighted that if women are given opportunities and become part of policy-making, it can accelerate the country’s progress. He remarked that this is why the Government’s first decision in the new Parliament was dedicated to the honor of Nari Shakti. Shri Modi pointed out that the new Parliament will be remembered not just for its appearance but for its first decision, which was a tribute to the Nari Shakti. He stated that the new Parliament could have been inaugurated differently for the sake of praise, but instead, it was dedicated to the honor of women. He highlighted that the Parliament has commenced its work with the blessings of Nari Shakti.

    Remarking that Dr. Babasaheb Ambedkar was never considered worthy of the Bharat Ratna by the previous Governments, Shri Modi highlighted that despite this, the people of the country have always respected Dr. Ambedkar’s spirit and ideals. He emphasized that due to this respect from all sections of society, everyone from all parties are now compelled to say “Jai Bhim,” albeit reluctantly. 

    Shri Modi said that Dr. Babasaheb Ambedkar deeply understood the fundamental challenges faced by the SC and ST communities, having personally experienced the pain and suffering. He highlighted that Dr. Ambedkar presented a clear roadmap for the economic upliftment of these communities. Reading a quote from Dr. Ambedkar, stating that “While India is an agrarian country, agriculture cannot be the main livelihood for Dalits”, the Prime Minister noted that Dr. Ambedkar identified two reasons: first, the inability to purchase land, and second, even with money, there were no opportunities to buy land. He emphasized that Dr. Ambedkar advocated for industrialization as a solution to this injustice faced by Dalits, tribals, and marginalized groups. He highlighted that Dr. Ambedkar believed in promoting skill-based jobs and entrepreneurship for economic self-reliance. He mentioned that the vision of Dr. Ambedkar was not considered and completely dismissed for many decades after independence. He emphasized that Dr. Ambedkar aimed to eliminate the economic hardships of the SC and ST communities.

    Pointing out that in 2014, his Government prioritized skill development, financial inclusion, and industrial growth, the Prime Minister highlighted the introduction of the PM Vishwakarma Yojana, aimed at traditional artisans and craftsmen like blacksmiths and potters, who are essential to society’s foundation and scattered across villages. He emphasized that for the first time, there was concern for this section of society, providing them with training, technological upgrades, new tools, design assistance, financial support, and market access. He remarked that his government launched a special campaign to focus on this neglected group, acknowledging their significant role in shaping society.

    “Our Government introduced the MUDRA scheme to invite and encourage first-time entrepreneurs”, said Shri Modi and highlighted the large-scale campaign of providing loans without guarantees to help a significant section of society achieve their dreams of Atmanirbharta (self-reliance), which has seen great success. He also mentioned the Stand Up India scheme, aimed at providing loans of up to ₹1 (one) crore without guarantees to SC, ST, and women from any community, to support their enterprises. He noted that this year, the budget for this scheme has been doubled. The Prime Minister observed that millions of young people from marginalized communities and many women have started their businesses under the MUDRA scheme, not only securing employment for themselves but also creating jobs for others. He highlighted the empowerment of every artisan and every community, fulfilling Dr. Babasaheb Ambedkar’s dream through the MUDRA scheme.

    Emphasising his commitment to the welfare of the poor and marginalized, stating that those who were ignored are now being prioritized, Shri Modi highlighted that the current budget has touched upon various small sectors such as the leather and footwear industries, benefiting the poor and marginalized communities. Citing an example, the Prime Minister mentioned the toy industry, noting that many people from marginalized communities are involved in toy making. The Government has focused on this sector, providing various forms of assistance to poor families. The result is a significant increase in toy exports, which have tripled, benefiting the underprivileged communities that rely on this industry for their livelihood.

    Highlighting the significant contribution of the fishing community in India, the Prime Minister remarked that the Government has established a separate ministry for fishermen and extended the benefits of the Kisan Credit Card to them. He noted that around ₹40,000 crore have been included in the fisheries sector. He emphasized that these efforts have doubled fish production and exports, directly benefiting the fishing community. The Prime Minister reiterated the Government’s priority to work for the welfare of the most neglected sections of society.

    Remarking that there are new efforts to spread the poison of casteism, which affects our tribal communities in various levels, the Prime Minister highlighted that some groups have very small populations, spread across 200-300 places in the country, and are highly neglected. He expressed gratitude for the guidance from the President, who has close knowledge of these communities. Shri Modi noted that special efforts have been made to include these particularly vulnerable tribal groups in specific schemes. He mentioned the introduction of the PM Janman Yojana, with an allocation of ₹24,000 crore, to provide facilities and welfare measures for these communities. The goal is to elevate them to the level of other tribal communities and eventually bring them on par with the entire society.

    “Our Government has also focused on different regions of the country that face significant backwardness, such as border villages”, said Shri Modi. He highlighted the psychological shift brought about by the Government, ensuring that border villagers are prioritized. He emphasized that these villages, where the first and last rays of the sun touch, have been given special status as “first villages” with specific development plans. The Prime Minister noted that ministers were sent to remote villages to stay for 24 hours, even in extreme conditions like minus 15 degrees, to understand and address the villagers’ problems. He mentioned that village leaders from these border areas are invited as guests on national celebrations like Independence Day and Republic Day. He stressed on the Government’s commitment to Sabka Saath, Sabka Vikas and the ongoing efforts to reach every neglected community. Shri Modi highlighted the importance and utility of the Vibrant Villages program for the nation’s security, emphasizing the government’s continued focus on it.

    The Prime Minister noted that the President in her address, on the occasion of 75 years of the Republic, urged everyone to take inspiration from the constitution makers. He expressed satisfaction that the Government is moving forward with respect and inspiration from the sentiments of the constitution makers. Addressing the topic of the Uniform Civil Code (UCC), Shri Modi remarked that those who read the debates of the Constituent Assembly would understand the efforts to bring forth those sentiments. He acknowledged that some might have political objections, but the Government is committed to fulfilling this vision with courage and dedication. 

    Emphasizing the importance of respecting the constitution makers and drawing inspiration from their words, the Prime Minister expressed regret that the sentiments of the constitution makers were disregarded immediately after independence. He highlighted that an interim arrangement, which was not an elected government, made amendments to the constitution without waiting for an elected Government to do so. He remarked that the freedom of speech was curbed and restrictions were imposed on the press while claiming to uphold democracy, by the then Government. He stated that this was a complete disregard for the spirit of the constitution.

    Shri Modi highlighted that during the tenure of the first government of independent India, led by Prime Minister Jawaharlal Nehru, there were instances of suppression of freedom of speech. He mentioned that during a workers’ strike in Mumbai, renowned poet Shri Majrooh Sultanpuri sang a poem criticizing the Commonwealth, which led to his imprisonment. He also pointed out that famous actor Shri Balraj Sahni was jailed merely for participating in a protest march.  He further highlighted that Lata Mangeshkar’s brother, Shri Hridaynath Mangeshkar, faced repercussions for planning to present a poem by Veer Savarkar on All India Radio. He remarked that merely for this reason, Hridaynath Mangeshkar was permanently dismissed from All India Radio. 

    Touching upon the experiences in the country during the period of Emergency, during which the constitution was crushed and its spirit trampled upon for the sake of power, Shri Modi emphasized that the nation remembers this. He highlighted that during the Emergency, the renowned senior actor Shri Dev Anand was requested to publicly support the Emergency. Shri Dev Anand showed courage and refused to support it, leading to a ban on all his films on Doordarshan. The Prime Minister criticized those who talk about the constitution but have kept it in their pockets for years, showing no respect for it. He highlighted that Shri Kishore Kumar refused to sing for the then ruling party and as a consequence, all of his songs were banned on All India Radio.

    Remarking that he cannot forget the days of the Emergency, the Prime Minister emphasized that those who talk about democracy and human dignity are the same people who, during the Emergency, handcuffed and chained great personalities of the country, including Shri George Fernandes. He highlighted that even members of Parliament and national leaders were bound in chains and handcuffs during this period. He stated that the word “constitution” does not suit them. 

    Shri Modi remarked that, for the sake of power and the arrogance of a royal family, millions of families in the country were devastated, and the nation was turned into a prison. He emphasized that a long struggle ensued, forcing those who considered themselves invincible to bow down to the people’s strength. The Prime Minister noted that the Emergency was lifted due to the democratic spirit embedded in the veins of the Indian people. Remarking that he holds senior leaders in high regard and respects their long public services, the Prime Minister noted the achievements of leaders like Shri Mallikarjun Kharge and former Prime Minister Shri Deve Gowda. 

    Highlighting that the empowerment of the poor and their upliftment has never been as extensive as it has been during his Government’s tenure, Shri Modi remarked that the Government has designed schemes aimed at empowering the poor and enabling them to overcome poverty. He expressed his faith in the potential of the country’s poor, stating that given the opportunity, they can overcome any challenge. He emphasized that the poor have demonstrated their capability by taking advantage of these schemes and opportunities. “Through empowerment, 25 crore people have successfully risen out of poverty, which is a matter of pride for the Government”, he added. The Prime Minister noted that those who have emerged from poverty have done so through hard work, trust in the Government, and leveraging the schemes and today, they have formed a neo-middle class in the country.

    Emphasising the Government’s strong commitment to the neo-middle class and middle class, the Prime Minister remarked that their aspirations are a driving force for the country’s progress, providing new energy and a solid foundation for national development. He highlighted efforts to enhance the capabilities of the middle class & neo-middle class. He noted that a significant portion of the middle class has been exempted from taxes in the current budget. In 2013, the income tax exemption limit was up to ₹2 lakh, but it has now been increased to ₹12 lakh. The Prime Minister mentioned that individuals over 70 years of age, from any class or community, are benefiting from the Ayushman Bharat scheme, with significant advantages for the elderly in the middle class.

    “We have built four crore houses for citizens, with over one crore houses constructed in cities”, said Shri Modi. He remarked that there used to be significant fraud affecting home buyers, making it essential to provide protection. He emphasized that the enactment of the Real Estate (Regulation and Development) (RERA) Act in this Parliament has become a crucial tool in overcoming obstacles to the dream of home ownership for the middle class. The Prime Minister noted that the current budget includes the SWAMIH initiative, which allocates ₹15,000 crore to complete stalled housing projects, where the middle class’s money and facilities were stuck. He highlighted that this initiative aims to fulfill the dreams of the middle class.

    Pointing to the startup revolution, which has gained global recognition, the Prime Minister said that these startups are primarily driven by young people from the middle class. He remarked that the world is increasingly attracted to India, especially due to the G20 meetings held in 50-60 locations across the country. He emphasized that this has revealed the vastness of India beyond Delhi, Mumbai, and Bengaluru. He pointed out that the growing global interest in Indian tourism brings numerous business opportunities, greatly benefiting the middle class by providing various income sources.

    “The middle class today is filled with confidence, which is unprecedented and greatly strengthens the nation”, said Shri Modi. He expressed his firm belief that the Indian middle class is determined and fully prepared to realize the vision of a developed India, standing strong and moving forward together.

    Highlighting that the youth play a crucial role in building a developed India, the Prime Minister emphasized the demographic dividend, noting that students currently in schools and colleges will be the primary beneficiaries of a developed nation. He remarked that as the youth age, the country’s development journey will progress, making them a significant foundation for a developed India. He underscored that, over the past decade, strategic efforts have been made to strengthen the youth base in schools and colleges. He pointed out that for the past 30 years, there was little thought given to 21st-century education, and the previous attitude was to let things continue as they were. Shri Modi highlighted that the new National Education Policy (NEP) was introduced after almost three decades to address these issues. He mentioned that various initiatives under this policy, including the establishment of PM Shri Schools, aim to revolutionize education. He noted that approximately 10,000 to 12,000 PM Shri Schools have already been established, with plans to create more in the future. He also emphasized an important decision regarding the changes in the education policy which now includes provisions for education and examinations to be conducted in the mother tongue. Underlining the lingering colonial mindset regarding language in India, he stressed the injustice faced by children from poor, Dalit, tribal, and marginalized communities due to language barriers. The Prime Minister remarked on the necessity of education in one’s mother tongue, enabling students to pursue careers as doctors and engineers irrespective of their proficiency in English. He emphasized the significant reforms undertaken to ensure that children from all backgrounds can dream of becoming doctors and engineers. Furthermore, the Prime Minister underscored the expansion of Eklavya Model Residential Schools for tribal youth, noting the increase from around 150 schools a decade ago to 470 schools today, with plans to establish over 200 more.

    Further elaborating on the education reforms, Shri Modi said major reforms in Sainik Schools, introducing provisions for girls’ admission were undertaken. Emphasizing the importance and capability of these schools, he highlighted that hundreds of girls are currently studying in this patriotic environment, naturally fostering a sense of devotion to the country.

    Highlighting the significant role of the National Cadet Corps (NCC) in youth grooming, the Prime Minister remarked that those who have been associated with NCC know that it provides a golden opportunity for comprehensive development and exposure at a crucial age. He emphasized the unprecedented expansion of NCC in recent years, noting that the number of cadets has increased from approximately 14 lakh in 2014 to over 20 lakh today. 

    Emphasising the enthusiasm and eagerness of the country’s youth to achieve something new, even beyond routine tasks, Shri Modi remarked on the Swachh Bharat Abhiyan, observing that youth groups in many cities continue to advance the cleanliness campaign with their self-motivation. He noted that some young individuals work towards education in slums and various other initiatives. Seeing this, the Prime Minister highlighted the need to provide organized opportunities for the youth, leading to the launch of the “MY Bharat” or Mera Yuva Bharat movement. Today, over 1.5 crore youths have registered and are actively participating in discussions on contemporary issues, raising awareness in society, and pursuing positive actions with their own capabilities, without the need for spoon-feeding, he added.

    Touching upon the importance of sports in fostering sportsmanship and how a nation’s spirit flourishes where sports are widespread, the Prime Minister remarked that numerous initiatives have been launched to support sports talent, including unprecedented financial support and infrastructure development. He highlighted the transformative power of the Target Olympic Podium Scheme (TOPS) and the Khelo India initiative on the sports ecosystem. He added that over the past decade, Indian athletes have showcased their prowess in various sports events, with India’s youth, including young women, demonstrating the country’s strength on the global stage.

    Prime Minister emphasized the significance of infrastructure in transforming a developing nation into a developed one. He highlighted that both welfare schemes and infrastructure are crucial for a country’s growth, and underscored the need for timely completion of infrastructure projects. He noted that delays lead to wastage of taxpayers’ money and deprive the nation of benefits. Criticising the previous dispensations for its culture of delays and political interference in project execution, Shri Modi mentioned the establishment of the PRAGATI platform, which he personally reviews, for detailed monitoring of infrastructure projects, including real-time videography using drones and live interaction with stakeholders. He stated that projects worth approximately ₹19 lakh Crore were stalled due to coordination issues between the state and central governments or different departments. He highlighted a study by Oxford University that praised PRAGATI and suggested other developing countries could benefit from its experiences. Citing an example from Uttar Pradesh to illustrate past inefficiencies, the Prime Minister mentioned the Saryu Canal Project, approved in 1972, which remained stalled for five decades until it was completed in 2021. Highlighting the completion of the Udhampur-Srinagar-Baramulla railway line in Jammu and Kashmir, the Prime Minister remarked that the project was approved in 1994 but remained stalled for decades. Finally, after three decades, it was completed in 2025, he added. Shri Narendra Modi highlighted the completion of the Haridaspur-Paradip railway line in Odisha. He remarked that the project was approved in 1996 but remained stalled for years which was finally completed in 2019 during the current administration’s tenure. Elaborating further, the Prime Minister highlighted the completion of the Bogibeel Bridge in Assam, approved in 1998 and completed by his Government in 2018. He remarked that he could provide hundreds of examples illustrating the detrimental culture of delays prevalent in the past. He emphasized the need for a change in culture to ensure the timely completion of such vital projects and said that the significant setbacks caused by this culture during the previous dispensation, depriving the nation of its rightful progress. Underscoring the importance of proper planning and timely execution of infrastructure projects, the Prime Minister said to address this, the PM Gati Shakti National Master Plan was introduced. He encouraged states to utilize the PM Gati Shakti platform, which includes 1,600 data layers, to streamline decision-making and accelerate project implementation. The platform has become a vital foundation for expediting infrastructure work in the country, he added.

    Emphasising the necessity for today’s youth to understand the hardships their parents faced and the reasons behind the nation’s past condition, the Prime Minister remarked that without proactive decisions and actions over the past decade, the benefits of Digital India would have taken years to materialize. He highlighted that proactive decision-making and actions have enabled India to be timely and, in some cases, ahead of time. He further noted that 5G technology is now more widely available in India at one of the fastest rates globally. 

    Shri Modi drew attention to past experiences, highlighting that technologies such as computers, mobile phones, and ATMs reached many countries well before India, often taking decades to arrive. He remarked that even in the health sector, vaccines for diseases like smallpox and BCG were available globally while India lagged due to systemic inefficiencies.  The Prime Minister attributed these delays to poor governance of the past, where critical knowledge and implementation were tightly controlled, resulting in a “license permit raj” that stifled progress. He emphasized to the youth the oppressive nature of this system, hindering the nation’s development.

    Remarking on the early days of computer imports, highlighting that obtaining a license to import computers was a lengthy process that took years, the Prime Minister noted that this requirement significantly delayed the adoption of new technology in India.

    Pointing to the bureaucratic challenges of the past, the Prime Minister said that even obtaining cement for house construction required permission and during weddings, even getting sugar for tea required a license. He emphasized that these challenges occurred in post-independence India and pointed that the youth of today can understand the implications, questioning who was responsible for the bribes and where the money went.

    Highlighting the bureaucratic hurdles of the past, noting that purchasing a scooter required booking and payment, followed by a wait of 8-10 years, the Prime Minister remarked that even selling a scooter needed government permission. He emphasized the inefficiency in obtaining essential items, such as gas cylinders, which were distributed through coupons to MPs, and the long queues for gas connections. He noted the lengthy process for obtaining a telephone connection, stressing that today’s youth should be aware of these challenges. He remarked that those delivering grand speeches today should reflect on their past governance and its impact on the nation.

    “The restrictive policies and license raj that pushed India into one of the slowest economic growth rates globally”, said Shri Modi. He remarked that this weak growth rate came to be known as the “Hindu rate of growth,” which was an insult to a large community. He emphasized that the failure was due to the incompetence, lack of understanding, and corruption of those in power, which led to the mislabeling of an entire society as responsible for the slow growth.

    Criticizing the economic mismanagement and flawed policies of the past, which led to blaming and tarnishing an entire society, the Prime Minister remarked that historically, India’s culture and policies did not include restrictive license raj while Indians believed in openness and were among the first to engage in free trade globally. Shri Modi highlighted that Indian merchants traveled to distant lands for trade without any restrictions, which was part of India’s natural culture. He noted that the current global recognition of India’s economic potential and rapid growth brings pride to every Indian. “India is now seen as one of the fastest-growing countries, and the nation’s economy is expanding significantly”, he emphasised.

    Underlining that the nation is now breathing easy and soaring high after breaking free from the clutches of restrictive license raj and flawed policies, the Prime Minister remarked on the promotion of the “Make in India” initiative, aimed at boosting manufacturing in the country. He mentioned the introduction of the Production Linked Incentive (PLI) scheme and reforms related to Foreign Direct Investment (FDI). He emphasized that India has become the world’s second-largest mobile phone producer, transitioning from being predominantly an importer to an exporter of mobile phones.

    Emphasising India’s achievements in defense manufacturing, noting that defense product exports have increased tenfold over the past decade, the Prime Minister also highlighted the tenfold increase in solar module manufacturing. He stated “India is now the world’s second-largest steel producer” while machinery and electronic exports have seen rapid growth over the past decade. He also noted that toy exports have more than tripled, and agrochemical exports have increased significantly. “During the COVID-19 pandemic, India supplied vaccines and medicines to over 150 countries under the “Made in India” initiative”, said Shri Modi. He highlighted the rapid growth in exports of AYUSH and herbal products as well.

    Remarking on the lack of efforts by the previous Government to promote Khadi, stating that even the movement started during the freedom struggle was not advanced, the Prime Minister highlighted that the turnover of Khadi and Village Industries has surpassed ₹1.5 lakh Crore for the first time. He noted that production has quadrupled in the last decade, significantly benefiting the MSME sector and creating numerous employment opportunities across the country.

    Underscoring that all elected representatives are servants of the people, Shri Modi remarked that the mission of the country and society is paramount for public representatives, and it is their duty to work with a spirit of service. 

    Stressing on the collective responsibility of all Indians to embrace the vision of a developed India, the Prime Minister remarked that this is not just the resolve of a government or an individual but the commitment of 140 crore citizens. He warned that those who remain indifferent to this mission will be left behind by the nation. He highlighted the unwavering determination of India’s middle class and youth to propel the country forward.

    Underlining the importance of everyone’s role in the nation’s progress as it reaches new heights of development, Shri Modi remarked that opposition in Government is natural and essential in a democracy, as is opposition to policies. However, he warned that extreme negativism and attempts to diminish others instead of enhancing one’s own contributions could hinder the development of India. He stressed the need to free ourselves from such negativity and engage in continuous self-reflection and introspection. He expressed confidence that the discussions in the House would yield valuable insights that will be taken forward. He concluded by acknowledging the continuous inspiration derived from the President’s address and expressed heartfelt gratitude to the President and all honorable Members of Parliament. 

     

     

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Text of the Vice President’s address to the IDAS Probationers of 2022 and 2023 Batches (Excerpts)

    Source: Government of India

    To be in service of the largest democracy, home to one-sixth of humanity, is divine intervention in your lives.

    You are required to handhold rather than generate handicaps. It is very easy to find a lapse, it is very easy to pick up. This procedure requirement has not been thorough, but if your attitude is to see things really at fast track, you must have a solution in mind, and primarily, the solution is immediate hand holding. Things will be amazing.

    Let me tell you, being in service of Bharat, home to one-sixth of humanity, is a blessing. You may have on account of your credentials occasion to serve in several other areas, and maybe perhaps with larger fiscal gain, but you shall never have the satisfaction that you will have now. Satisfaction to live up to our civilizational ethos of service, satisfaction to nurture our nationalism, satisfaction to serve our motherland, and satisfaction to serve in conditions that is envy of everyone.

    All your life you will be in close contact with nature because defence estates are bountiful, gifted by nature. 

    Second, you will be living and dealing with a community that is in uniform by and large. You will be dealing with people who are taken to uniform with a resolve to serve the motherland at the cost of making supreme sacrifice. Security of any nation is fundamental. It is said, security is best assured from a position of strength and position of strength is secured by level of preparation and preparation these days, you have to be ahead of times. 

    You have to think of next-gen equipment in every field and now the situation is so dramatically changed that conventional warfare has taken back seat.

    You will have to deal with many strategic challenges generated also by disruptive technologies. Therefore, you will have to keep on learning while your training is well made out, your exposure is remarkable but much of it you will have to self-learn also. Learning never stops but in your service particularly, you have to be always learning because there is paradigm shift when it comes to auditing, budgeting, account handling, effective transparency, accountability.

    If you get into a groove and get obsessed, only to find procedural lapses as indicated by the Defence Secretary and do not have a solution in mind. You cannot imagine the kind of damage we make. Of course, it will have cascading impact, a deleterious impact on our preparedness.

    You are an ancient guardian of economic discipline. I strongly advocate that there must be meticulous, scrupulous adherence to fiscal prudence, frugality but this should not come at the cost or compromising efficiency and efficiency lies the fiscal utilisation of resources. When resources are allocated and in your case the allocation is indeed 13% to 14% of the budget. If you delay it the Nation suffers. 

    Given the security clime in our neighborhood, given the challenges we have, and given the challenges that we are living in times where conflagration in any part of the globe, Ukraine-Russia, Israel-Hamas, we were impeccable, and therefore, the level of preparation now has become much beyond what you may be having in your mind. 

    Good thing is that our nation is getting prepared. It started after a long time with acquisition of Rafale, but now things are on track, backlog is being made up. The Defence Secretary is seat of the matter, so is the CDS and the three Chiefs, but your mindset will be determinative.

    While I would say always keep the nation first, have unwavering commitment to the nation, but this cannot be just an idea. You have to fructify that idea day in and day out. If you look around, while it is your ordainment by virtue of being public servants to ensure fiscal discipline, enabling operational efficiency, you also have to look around what as individuals you can do. For example, it is said and it is historical fact established, the morale of the armed forces is determined by the care we have for our veterans. If veterans are in good morale, those who serve on the frontiers or otherwise look up. 

    You have a deep connect with the veterans, pensioners. There are two connects that you have and I feel very emotively about it because I come from a place called Chittorgarh. I couldn’t get into the uniform on account of my right eye not being well. So, as Rajya Sabha Chairman, I mostly look to the government on the right side, but my heart is on the left side, where the opposition is there. So, you will have to have absolute empathy for pensioners. Never ever create a problem in disbursement of the pension. 

    I am so happy and delighted and I came to know about it that technological upgradation has resulted in seamless delivery with expedition but still there will be issues and issues are bound to be there. We will never have a system where there will be no issues interdepartmental or with pensioners. 

    Have empathy, act with them with a sense of devotion. All of them are like parents for you, senior citizens, our veterans. hand-hold them, if they physically interface with you, will go a long way. Not only they will bless you, by word of mouth, a message will permeate all throughout. They are not the people who are retired, they are pensioners. They will never be tired of serving the nation in whatever form they are. This blessed, distinguished, premium category of human resource you will be interacting with.

    No one has fancy for people who deal with finance. No one is in love with the auditors. There is an element of fear sometimes but now the mindset must change because Integrity has been generated by and large on account of technology. Much has been plugged in the entire system, most of yours but I would particularly urge, while auditing others, never hesitate to self-audit. 

    As young boys and girls, you must exemplify by conduct, discipline and decorum, that not only you are different, you are cut out to make a difference and that difference would add up to the nation being different.

    There will always be challenges, but I can assure you, law full route of integrity is the safest route. Shortcuts are very tempting; sometimes, they are too tempting to be resisted but when challenges comes, a shortcut, rather than being the shortest distance between two points, turns out to be the longest intractable with headwinds and air pockets. Sometimes, negotiating is never-ending.

    Therefore, financial integrity is absolute essence; it is your nectar. Financial integrity once compromised, you lose it forever; you can never repair and therefore, develop a mechanism in life of happiness and satisfaction that do not measure yourself comparing those who are in private sector. The limousine  may also look, very attractive to you but if you get into their role you will find your life is much happier more rewarding more satisfying.   

    The best answer is, ‘I don’t know.’ Never guess, Never fear failure. Never fear that you have lack of knowledge, no one is encyclopedic. There will be people who will tell you, yes, you are nice boy, nice girl. You don’t know, but you are urge to live. You have the courage and conviction to say, I am not ready at the moment, give me a day’s time. Maybe the superior, may at that point of time will not appreciate. But to cover up that fault by something which cannot be tenable. You must not adopt.

    As individuals, I will invite you that you must be good citizens of the country while people in our country focus on rights and we have fundamental rights, I would beseech all of you to first carefully go through fundamental duties that are in part 4A of the Constitution. Many people ask me, what individuals can we do? I will here give you some tips.

    One, if the Prime Minister initiated a clarion call for ‘Ek Ped Maa ke Naam’, imagine the difference it is making. If everyone takes it seriously, and I include everyone, including a child, then there would be saplings of 1.4 billion. You will be living in a state where you can make your difference. Please do that.

    I would want you to take note, get imbibe and practice five civilizational values. 

    One, strengthening of family ties, family values. Being connected with a family. दादा-दादी, नाना-नानी को जब पता लगता है की उनको फ़ोन कर दिया, उनसे बात हो गई| उनको जीवन के अंदर आनंद लेने का एक पल मिल जाता है|

    Make it a priority, believe in environmental awareness and sustainable living. These are not words. As individuals you can contribute for it. Embrace indigenous knowledge, स्वेदेशी, economic self-alliance. Be Vocal for Local. I’ll tell you, avoidable imports in this country are huge drain on finance, to the extent of billions of dollars. These avoidable imports are in the shape of shoes, socks, trousers, coat, shirts, carpets, furniture, toys, candles, what not.

    Second aspect is that when we engage into use of avoidable foreign items imported into the country, we are depriving our people of work. This small gesture you can do. I’ll be Vocal for Local; I’ll go for indigenous product when it comes for my use. State actors can’t do it. You are a discerning young mind. WTO will come into play. It is very difficult to evolve a policy for that. But if people take to a policy by their habit, a designed habit, inculcated habit, it will make a difference.

    Forged in unity and inclusivity amidst mass diversity. For 5,000 years we have had inclusivity, we have had inclusivity, but the challenge to inclusivity was extreme. 

    Murderers came, invaders came. They ravaged our culture, our religious places. We stood our ground but time has come now to keep nation’s interest always first, fostering unity, foster the brotherhood, and that is required because if you find someone not subscribing to our values, not believing in the nation. You must have capacity to effect change of mindset, and if not, make your presence felt. The nation first has to be there.

    Everyone has civic duties to perform. I have noticed myself, no Indian who left India for abroad, threw a banana skin out of a running vehicle. No one has done it, and landing here back, सड़क तो हमारी है, हमारा garbage है, फेकेंगे but Prime Minister gave a call Swachh Bharat. 

    Now people don’t do it. Look at it. If we become a disciplined nation, things will be different. You youngsters must know our history. You are lucky to be living at a time when India is the fastest growing economy in the world. No nation has witnessed the kind of exponential economic upsurge, infrastructure growth, deep digitization, technological penetration, and facilities unheard of in the villages. Cooking gas, toilet, internet, road connectivity. Light in the house, pipe water is on the way, no one thought of it. So we are a nation full of hope and possibility. 

    In that nation you have the privileged honour to be public servants, but comes along with this another challenge that the nation is most aspirational. People have tasted development. Therefore, your duty you must always ensure before you leave the office. There should be no avoidable pendency on your table. If you make it your Dharma, it will take you a long way.

    The armed forces are counting on you, the future generations are counting on you. My best wishes for all your future endeavors and always be positive. Shed negativity in the process if you can spare time to read our scriptures, Vedas, Gita, Epics, Ramayan, Mahabharata. I am not getting religious, I am saying they define sublimity of secularism. 

    Thank you so much.

    ****

    JK/RC/SM

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Public Sector Banks (PSBs) show strong performance in the first three quarters (April-December) of current FY 2024-25

    Source: Government of India

    Public Sector Banks (PSBs) show strong performance in the first three quarters (April-December) of current FY 2024-25

    Highest-ever net profit of Rs 1.29 lakh crore reported by Public Sector Banks (PSBs) in the first nine months (April-December) of FY 2024-25, marking a 31.3% year-on-year growth                       

    PSBs achieve highest ever aggregate net profit, improved asset quality, robust business growth and adequate capital buffers

    Posted On: 06 FEB 2025 7:40PM by PIB Delhi

    The performance of Public Sector Banks  has shown significant improvement on key financial parameters during the first three quarters of the current FY 2024-25. Highlights as on 31.12.2024, are as under –

    • Record net profit growth of 31.3% (y-o-y) to achieve highest ever aggregate net profit of Rs. 1,29,426 Crore and aggregate operating profit of Rs. 2,20,243 Crore, in first nine months of the financial year.
    • Improved asset quality visible from significantly low Net NPA ratio at 0.59% (Aggregate net NPA outstanding of Rs. 61,252 Crore)
    • Aggregate business growth of 11.0% (y-o-y), with improved aggregate deposit growth at 9.8% (y-o-y). Total aggregate business of PSBs reached Rs. 242.27 lakh crore.
    • Robust credit growth of 12.4%, led by retail credit growth of 16.6%, agriculture credit growth of 12.9% and MSME credit growth of 12.5%.
    • Built-up of adequate capital buffers, with Aggregate Capital to Risk Weighted Assets Ratio of 14.83%, significantly above the minimum requirement of 11.5%.

     

    PSBs are adequately capitalized and well poised to meet credit demands of all sectors of the economy, with special thrust on Agriculture, MSME and Infrastructure Sector.

    The policy and process reforms have resulted in enhanced systems and processes for credit discipline, recognition and resolution of stressed assets, responsible lending, improved governance, financial inclusion initiatives, technology adoption etc.  These measures have led to a sustained financial health and robustness of banking sector as a whole which is reflected in the current performance of the PSBs.

    ******

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  • MIL-OSI Asia-Pac: A New Dawn for Rural India’s Transformation

    Source: Government of India

    A New Dawn for Rural India’s Transformation

    Union Budget 2025-26 Brings Forward a Package of Hope

    Posted On: 06 FEB 2025 7:32PM by PIB Delhi

    Union Budget 2025-26 Brings Forward a Package of Hope

    “Ensuring a dignified life for the people of rural India is the priority of my Government”

    ~Prime Minister Shri Narendra Modi

     

    India is home to 6.65 lakh villages, with 2.68 lakh Gram Panchayats and Rural Local Bodies, which form the backbone of the nation’s rural landscape. These villages, scattered across the country, play a crucial role in shaping India’s rural economy and culture. The Union Budget 2025-26 recognizes the importance of these communities and places a strong emphasis on their upliftment. The budget focuses on key areas such as employment generation, women empowerment, education and infrastructure development in rural India.

    Total amount allocated for the demand in the Budget Estimate (BE) for 2025-26: ₹1,88,754.53 Cr.

    The Union Budget 2025-26 outlines several key initiatives aimed at driving rural development and enhancing prosperity through focused programs and investments:

     

    1. Water Supply – Jal Jeevan Mission:

    The Jal Jeevan Mission has been extended until 2028 with an increased focus on improving the quality of infrastructure and the operation and maintenance of rural piped water supply schemes through a citizen-centric approach, known as “Jan Bhagidhari”. The goal is to achieve 100% coverage with enhanced financial support and sustainability through state-specific MoUs.

    1. Broadband Connectivity – Bharatnet Project:

    Broadband connectivity will be expanded under the Bharatnet Project, aiming to provide all government secondary schools and primary health centers in rural areas with internet access, improving education and healthcare services.

    1. India Post as a Catalyst for Rural Economy:

     India Post will drive rural economic growth with its 1.5 lakh rural post offices, India Post Payment Bank, and 2.4 lakh Dak Sevaks. It will enhance services by offering micro-enterprise credit, digital services, and institutional account management. Furthermore, India Post will evolve into a key public logistics organization supporting entrepreneurs, MSMEs, and self-help groups.

    1. Rural Prosperity and Resilience Program:

    A comprehensive multi-sectoral ‘Rural Prosperity and Resilience’ programme will be launched in collaboration with states. This program aims to address under-employment in agriculture by promoting skill development, technology adoption, and investments to invigorate the rural economy. The mission will focus on empowering rural women, young farmers, marginalized communities, and landless families, ensuring that migration becomes a choice, not a necessity.

    Through these initiatives, the Union Budget 2025-26 envisions a holistic approach to rural development, aiming for long-term growth, resilience, and self-reliance across rural India.

    Positive Transformations in Rural India

    Positive outcomes have been observed across various sectors as India moves toward greater prosperity. These include an increase in rural wages, wider internet connectivity in rural areas, a decline in poverty, and a reduction in consumption inequality.

    • National Multidimensional Poverty Index (MPI) Report: The proportion of individuals living in multidimensional poverty declined from 24.85% to 14.96% between 2015-16 and 2019-21. 13.5 crore individuals escaped multidimensional poverty during this period.
    • Rural Internet Connectivity: As of March 2024, India had 954.40 million internet subscribers. Out of this, 398.35 million were rural internet subscribers.
    • Income Distribution (Gini Coefficient): For rural areas, it declined from 0.266 in FY22-23 to 0.237 in FY23-24.
    • Rural Wage Growth: As per data from the Labour Bureau, rural wages in FY25 (April-September 2024) showed a growth of above 4% each month year-on-year: Agriculture wages grew by 5.7% for men and 7% for women. Non-agricultural wages grew by 5.5% for men and 7.9% for women.

    Pathway to Prosperity: Key Rural Scheme Achievements

    • Pradhan Mantri Gram Sadak Yojana (PMGSY) – Roads: Launched in December 2000, this initiative aims to provide rural connectivity through a single all-weather road to unconnected habitations of a designated population size in the core network, enhancing the socio-economic conditions of rural communities.
    • Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) – Housing: Launched on 20th November 2016, aiming to provide housing for the poorest segments of society.

    Mission Amrit Sarovar: Launched on 24th April 2022, with an objective to conserve water for the future. The Mission aimed at developing / rejuvenating 75 Amrit Sarovar (Pond) in each district of the Country. A total of 68,843 ponds have been constructed.

     

    National Rural Health Mission: Launched in 2005 with the objective of building public health systems to provide accessible, affordable and quality health care to the rural population.

    1. Jal Jeevan Mission: Launched in 2019, JJM is a nationwide programme designed to provide all households in rural India with safe and adequate drinking-water through individual household tap connections. As of 27 January 2025, a total of 12.2 crore households have been provided with tap water connections.
    1. Swachh Bharat Mission (Gramin): Launched on October 2, 2014, the initiative aimed at making India Open Defecation Free (ODF). Currently in Phase 2 the focus is on maintaining the ODF status, managing solid and liquid waste by 2024-25 and transitioning all villages from ODF to the ODF Plus model.

    Saansad Adarsh Gram Yojana (SAGY): Launched on 11th October 2014, SAGY aims to preserve the essence of rural India by providing access to basic amenities and opportunities for people to shape their own futures.

    1. Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN): Cabinet Approved PM-JANMAN on Nov. 2023 to improve socio-economic conditions of the Particularly Vulnerable Tribal Groups (PVTGs).
    1. Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM): Launched in 2011, the scheme aims to empower rural poor women by organizing them into Self Help Groups (SHGs) and supporting economic activities to improve their income and quality of life. Implemented in 5,369 blocks across 682 districts.
    2. Gram Nyayalayas Act, 2008: Provide access to justice at the grassroots level in rural areas. As of October 2024, 313 Gram Nyayalayas have disposed of over 2.99 lakh cases between December 2020 and October 2024.
    1. National Social Assistance Programme (NSAP): Launched on 15th August 1995, Provide financial assistance to vulnerable sections of society.

     

    1. Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) Progress: Launched in 2005, the scheme aims to provide 100 days of guaranteed wage employment annually to rural households, enhancing livelihood security through unskilled manual work. The Budget allocation under Mahatma Gandhi NREGA has steadily risen. The budget allocation for the financial year 2006-07 was Rs 11,300 crore which increased to Rs 33,000 crore in 2013-14 and now stands at Rs 86,000 crore during FY 2024-25 at Budget estimate stage.

    ​​​​​​​

    Conclusion

    Rural India is making significant strides toward achieving a developed India by 2047, with the Union Budget serving as a key step in making it more self-reliant (Atmanirbhar). By focusing on essential areas like employment, infrastructure, and economic empowerment, the budget ensures crucial support for a prosperous and sustainable future for rural communities, paving the way for a stronger, more self-sufficient India.

     

    References

    Click here to see in PDF

    Santosh Kumar/ Sarla Meena/ Kamna Lakaria

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  • MIL-OSI Asia-Pac: Shri Jayant Chaudhary inaugurates NSDC International Academy at Greater Noida

    Source: Government of India (2)

    Shri Jayant Chaudhary inaugurates NSDC International Academy at Greater Noida

    The state-of-the-art facility to provide world-class skill development & training programmes

    The academy to empower youth in foreign languages and prepare them for international career opportunities

    Posted On: 06 FEB 2025 6:38PM by PIB Delhi

    Shri Jayant Chaudhary, Minister of State (I/C), Ministry of Skill Development and Entrepreneurship (MSDE) and Minister of State, Ministry of Education inaugurated the NSDC International Academy at Greater Noida, Uttar Pradesh. The academy is a state-of-the-art facility designed to provide world-class skill development and training programmes.

    The NSDC International Academy is a landmark initiative designed to bridge the gap between Indian youth and global employment opportunities. It will serve as a centre of excellence, offering specialized training programs aligned with the skill demands of countries like Germany, Japan, and Israel. Shri Chaudhary flagged off the departure of 11 candidates headed to Germany. He toured the NSDC International Academy, interacted with students about their life journeys, and offered them motivation and also experienced the AI and VR facilities, advanced labs present at the centre.

     

    Delivering his address, Shri Jayant Chaudhary, mentioned, “We must recognize that young India is breaking barriers, moving beyond traditional career paths, and looking at new opportunities. Institutions like these are testament to this shift—equipping our youth with the skills, confidence, and global exposure they need to succeed. A great building and infrastructure are important, but the real strength of any institution is its people—the trainers, students, and programs that drive it. With our skilling budget increasing substantially, we are strengthening initiatives like this academy, ensuring young Indians get industry-relevant training, language skills, and cultural readiness. A Viksit Bharat by 2047 will be built by individuals ready to take on global challenges, and our job is to make sure they have the right support to get there.”

     

     

    He added, “Prime Minister Shri Narendra Modi Ji is very passionate about skilling, and takes pride in what our ministry is achieving. Skill India programme and ITI rejuvenation programme, announced in the budget will have a huge impact, in increasing our capacity to skill our young people.”

    This centre aims to empower individuals with the skills needed to thrive in today’s competitive global workforce. The academy specializes in internationally recognized language certifications, ensuring that candidates receive globally accepted qualifications. These include OSD and GOETHE certifications for German, JLPT for Japanese, and ISLETS for English, making graduates well-prepared for global opportunities.

    Addressing the audience, Shri Ved Mani Tiwari, CEO, Nation Skill Development Corporation said, “In our journey of making India a global skill capital, today is a pivotal moment as our honorable minister Shri Jayant Chaudhary inaugurates this center, fulfilling the dreams of our honorable prime minister Shri Narendra Modi Ji. The World Economic Forum report says that in the next 25 years, 100 crore people would join the global workforce, with every third and fourth person being Indian. The coming years would ensure that India plays a dominant role in the global economy and contributes significantly to the dollar economy. Our initiatives at this center equip youths with world-class language proficiency and advanced technical skills, preparing them for careers in Germany, Japan, Israel, and the UK. With cutting-edge training in sectors like caregiving and with the support of Industry 4.0, we are readying our talent for global opportunities.

    With a target of training over 1,000 candidates annually, the NSDC International Academy is committed to addressing the demands of both local and international job markets. As part of its mission to enhance employability, the academy will provide placement assistance and establish partnerships with industry leaders to facilitate valuable interview opportunities for its graduates.

    The NSDC International Academy in Greater Noida stands as a flagship initiative, of the National Skill Development Corporation (NSDC) under the Ministry of Skill Development & Entrepreneurship (MSDE), Government of India, dedicated to transforming India’s workforce by providing training and certifications recognised globally. This premier skill development institution offers specialised courses in various fields, including foreign languages, healthcare, employability skills, and aviation, ensuring that Indian youth are well-prepared for international career opportunities.

    The facility features modern classrooms equipped with interactive technology and advanced labs focused on soft skills and language learning with resources that will enable hands-on training and practical application of the learnings. The academy also includes dedicated counselling rooms to provide career guidance and psychological support, fostering holistic development among students. With residential facilities accommodating up to 500 candidates, the NSDC International Academy offers an immersive learning environment that promotes both academic and personal growth.

    With a target of training over 1,000 candidates annually, the NSDC International Academy is committed to addressing the demands of both local and international job markets. As part of its mission to enhance employability, the academy will provide placement assistance and establish partnerships with industry leaders to facilitate valuable interview opportunities for its graduates.

    ****

    PSF

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  • MIL-OSI Asia-Pac: Shri Jayant Chaudhary inaugurates NSDC International Academy

    Source: Government of India

    Shri Jayant Chaudhary inaugurates NSDC International Academy

    The state-of-the-art facility to provide world-class skill development & training programmes

    The academy to empower youth in foreign languages and prepare them for international career opportunities

    Posted On: 06 FEB 2025 6:38PM by PIB Delhi

    Shri Jayant Chaudhary, Minister of State (I/C), Ministry of Skill Development and Entrepreneurship (MSDE) and Minister of State, Ministry of Education inaugurated the NSDC International Academy, a state-of-the-art facility designed to provide world-class skill development and training programmes.

    The NSDC International Academy is a landmark initiative designed to bridge the gap between Indian youth and global employment opportunities. It will serve as a centre of excellence, offering specialized training programs aligned with the skill demands of countries like Germany, Japan, and Israel. Shri Chaudhary flagged off the departure of 11 candidates headed to Germany. He toured the NSDC International Academy, interacted with students about their life journeys, and offered them motivation and also experienced the AI and VR facilities, advanced labs present at the centre.

     

    Delivering his address, Shri Jayant Chaudhary, mentioned, “We must recognize that young India is breaking barriers, moving beyond traditional career paths, and looking at new opportunities. Institutions like these are testament to this shift—equipping our youth with the skills, confidence, and global exposure they need to succeed. A great building and infrastructure are important, but the real strength of any institution is its people—the trainers, students, and programs that drive it. With our skilling budget increasing substantially, we are strengthening initiatives like this academy, ensuring young Indians get industry-relevant training, language skills, and cultural readiness. A Viksit Bharat by 2047 will be built by individuals ready to take on global challenges, and our job is to make sure they have the right support to get there.”

     

     

    He added, “Prime Minister Shri Narendra Modi Ji is very passionate about skilling, and takes pride in what our ministry is achieving. Skill India programme and ITI rejuvenation programme, announced in the budget will have a huge impact, in increasing our capacity to skill our young people.”

    This centre aims to empower individuals with the skills needed to thrive in today’s competitive global workforce. The academy specializes in internationally recognized language certifications, ensuring that candidates receive globally accepted qualifications. These include OSD and GOETHE certifications for German, JLPT for Japanese, and ISLETS for English, making graduates well-prepared for global opportunities.

    Addressing the audience, Shri Ved Mani Tiwari, CEO, Nation Skill Development Corporation said, “In our journey of making India a global skill capital, today is a pivotal moment as our honorable minister Shri Jayant Chaudhary inaugurates this center, fulfilling the dreams of our honorable prime minister Shri Narendra Modi Ji. The World Economic Forum report says that in the next 25 years, 100 crore people would join the global workforce, with every third and fourth person being Indian. The coming years would ensure that India plays a dominant role in the global economy and contributes significantly to the dollar economy. Our initiatives at this center equip youths with world-class language proficiency and advanced technical skills, preparing them for careers in Germany, Japan, Israel, and the UK. With cutting-edge training in sectors like caregiving and with the support of Industry 4.0, we are readying our talent for global opportunities.

    With a target of training over 1,000 candidates annually, the NSDC International Academy is committed to addressing the demands of both local and international job markets. As part of its mission to enhance employability, the academy will provide placement assistance and establish partnerships with industry leaders to facilitate valuable interview opportunities for its graduates.

    The NSDC International Academy in Greater Noida stands as a flagship initiative, of the National Skill Development Corporation (NSDC) under the Ministry of Skill Development & Entrepreneurship (MSDE), Government of India, dedicated to transforming India’s workforce by providing training and certifications recognised globally. This premier skill development institution offers specialised courses in various fields, including foreign languages, healthcare, employability skills, and aviation, ensuring that Indian youth are well-prepared for international career opportunities.

    The facility features modern classrooms equipped with interactive technology and advanced labs focused on soft skills and language learning with resources that will enable hands-on training and practical application of the learnings. The academy also includes dedicated counselling rooms to provide career guidance and psychological support, fostering holistic development among students. With residential facilities accommodating up to 500 candidates, the NSDC International Academy offers an immersive learning environment that promotes both academic and personal growth.

    With a target of training over 1,000 candidates annually, the NSDC International Academy is committed to addressing the demands of both local and international job markets. As part of its mission to enhance employability, the academy will provide placement assistance and establish partnerships with industry leaders to facilitate valuable interview opportunities for its graduates.

    ****

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Financial Assistance for Promotion of Guru-Shishya Parampara

    Source: Government of India (2)

    Posted On: 06 FEB 2025 5:49PM by PIB Delhi

    Ministry of Culture implements a Central Sector scheme by the name of ‘Financial Assistance for Promotion of Guru-Shishya Parampara (Repertory Grant)’. Under this scheme, financial assistance is provided to eligible cultural organizations engaged in performing arts activities like music, dance, theatre, folk art, etc. for imparting training to artists/shishyas by their respective Guru on regular basis in line with Guru–Shishya Parampara across the country. The details of scheme are given at Annexure – I.

    As per the scheme guidelines of Guru-Shishya Parampara (Repertory Grant), the organizations seeking grants are required to submit their applications/proposals every year, for its renewal as well as fresh selection. The applications / proposals, complete in all respect are reviewed by the Expert Committee constituted by the Ministry for the purpose. The Expert Committee gives its recommendations taking the provisions of scheme guidelines, cultural performances / activities / resources of the organizations, justification for financial support, interaction with the Guru/representative of the organization, etc. into consideration.

    The Guru-Shishya Parampara (Repertory Grant) has been encouraging artists in the field of dance, music and theatre by providing financial assistance to shishyas of age 3 years and above. Further, every year, along with Renewal category, applications are also invited from new organizations under ‘Fresh category’ to encourage emerging artists in the field of performing arts including traditional art forms.

    The state-wise details of number of Gurus and Shishyas provided with financial assistance under Guru-Shishya Parampara (Repertory Grant) scheme during last three years is given at Annexure – II.

    This information was given by Union Minister for Culture and Tourism Shri Gajendra Singh Shekhawat in a written reply in Rajya Sabha today.

    ***

    Sunil Kumar Tiwari

    E-mail: – pibculture[at]gmail[dot]com

     

    Annexure – I

     

    Financial Assistance for Promotion of Guru-Shishya Parampara (Repertory Grant)

               

    Scheme: Financial Assistance for Promotion of Guru-Shishya Parampara (Repertory Grant) is a Central Sector Scheme of Ministry of Culture. This scheme is a sub-scheme of an Umbrella scheme ‘Kala Sanskriti Vikas Yojana (KSVY).

     

    Objective: The objective of this scheme is to provide financial assistance to cultural organizations working in the field of performing arts activities like dramatic / theatre groups, music ensembles, children theatre, Dance groups etc. for imparting training to shishyas by their respective Guru on regular basis in line with ancient Guru–Shishya Parampara.

    As per the scheme, financial assistance is provided to 1 Guru and maximum 18 Shishyas in the field of theatre and 1 Guru and maximum 10 Shishyas in the field of music & dance.

     

    Quantum of Assistance: Assistance for each Guru/Director is @ Rs.15,000/- (Rupees fifteen thousand only) per month whereas in respect of each Shishya/Artist the same is as under: –

     

    Sl.

    No.

    Categories of shishya/ artist

    Age Group

    Amount of assistance/ honorarium per month

     

    (a) Adult shishya/artist

    (18 years age and above)

    Rs.10,000/- (Rupees Ten thousand only)

     

    (b) ‘A’ category child shishya/ artist

    (12-<18 years age)

    Rs.7,500/- (Rupees seven thousand five hundred only)

     

    (c) ‘B’ category child shishya/ artist

    (6-<12 years age)

    Rs.3,500/- (Rupees three thousand and five hundred only)

     

    (d) ‘C’ category child shishya/ artist

    (3-<6 years age)

    Rs.2,000/- (Rupees two thousand only)

    Annexure – II

     

    Sl.

    No.

    State/UT

    Financial Year

    2021-2022

    2022-2023

    2023-2024

    Number of

    Guru

    Number of Shishya

    Number of

    Guru

    Number of Shishya

    Number of

    Guru

    Number of Shishya

    1.  

    Andhra Pradesh

    13

    30

    19

    38

    20

    51

    1.  

    Arunachal Pradesh

    1

    2

    1.  

    Assam

    35

    256

    37

    256

    44

    272

    1.  

    Bihar

    76

    488

    94

    516

    116

    582

    1.  

    Chandigarh

    5

    62

    7

    65

    11

    74

    1.  

    Chhattisgarh

    3

    19

    3

    19

    4

    16

    1.  

    Delhi

    95

    830

    105

    791

    125

    798

    1.  

    Gujarat

    8

    52

    12

    42

    13

    46

    1.  

    Haryana

    15

    90

    18

    93

    20

    97

    1.  

    Himachal Pradesh

    4

    52

    4

    52

    6

    57

    1.  

    Jammu & Kashmir

    25

    134

    29

    143

    44

    177

    1.  

    Jharkhand

    10

    69

    15

    78

    14

    80

    1.  

    Karnataka

    133

    801

    152

    822

    214

    954

    1.  

    Kerala

    22

    187

    23

    189

    27

    176

    1.  

    Madhya Pradesh

    61

    590

    96

    658

    110

    662

    1.  

    Maharashtra

    49

    414

    82

    465

    96

    509

    1.  

    Manipur

    149

    980

    172

    1017

    202

    1009

    1.  

    Mizoram

    1

    8

    2

    10

    2

    5

    1.  

    Nagaland

    4

    12

    3

    10

    6

    17

    1.  

    Odisha

    66

    353

    103

    415

    119

    477

    1.  

    Pondicherry

    3

    43

    4

    45

    3

    21

    1.  

    Punjab

    8

    59

    8

    60

    9

    64

    1.  

    Rajasthan

    15

    103

    22

    115

    26

    117

    1.  

    Sikkim

    1

    2

    1

    2

    1

    3

    1.  

    Tamil Nadu

    16

    91

    12

    82

    13

    84

    1.  

    Telangana

    18

    147

    16

    120

    20

    123

    1.  

    Tripura

    3

    26

    6

    31

    9

    36

    1.  

    Uttarakhand

    13

    80

    17

    87

    18

    91

    1.  

    Uttar Pradesh

    66

    419

    82

    436

    95

    448

    1.  

    West Bengal

    231

    1781

    348

    1991

    331

    1730

                       

    ********

    (Release ID: 2100361) Visitor Counter : 26

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Exhibition on implementation of important schemes run by Rural Development Department, Government of India and Rural Development Department, Government of Uttar Pradesh in Maha Kumbh Mela area

    Source: Government of India

    Exhibition on implementation of important schemes run by Rural Development Department, Government of India and Rural Development Department, Government of Uttar Pradesh in Maha Kumbh Mela area

    An effort has been made to bring to reality the resolution of every family having their own permanent house in the changing face of housing in rural areas through the model houses

    Pradhan Mantri Gram Sadak Yojana demonstrated improvement in rural connectivity by connecting rural habitations

    Posted On: 06 FEB 2025 5:38PM by PIB Delhi

     

    In the ongoing Mahakumbh Mela an effort has been made to showcase the implementation of the schemes run by the Rural Development Departments of the Government of India and the Government of Uttar Pradesh. To depict the changing environment of the rural areas, an exhibition has been set up at sector 7 of the Mahakumbh mela on various schemes that are being implemented effectively to change the face of rural India.

    Important schemes among them are:

    1. Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)
    2. National Rural Livelihood Mission (NRLM)
    3. Pradhan Mantri Awas Yojana (Rural)
    4. Pradhan Mantri Gramin Sadak Yojana (PMGSY)
    5. Integrated Watershed Management System
    6. Swachh Bharat Mission-Rural

     

    The changing face of the rural areas has been demonstrated through the works done under the MNREGA scheme such as construction of Amrit-Sarovar, soak pit, rooftop rain water harvesting, construction of internal streets and drains, tree plantation and construction of memorial gardens, cattle shed, vermicompost and NADEP, construction of Panchayat Bhawan, construction of nutrition production unit, Prerna canteen, Annapurna ration shop and construction of playground and other works. An attempt has been made to realise the concept of Gram Swaraj by adopting a transparent system of schemes operated through social audit.

    The National Rural Livelihood Mission aims to reduce rural poverty, provide sustainable livelihood opportunities, women empowerment and accelerate financial inclusion. Through Saras Haat, a better platform has been provided for branding, promotion and marketing of the products of groups from different districts and the sisters of the self-help groups so that their livelihood can be enhanced through promotion and sale of their products. Through activities related to BC Sakhi, Drone Sakhi etc., an attempt has been made to demonstrate the economic upliftment in the lives of women and the change in social status, thereby realizing the concept of empowered village and empowered India.

    Through the model houses of Pradhan Mantri Awas Yojana (Rural) and Mukhyamantri Awas Yojana (Rural), an attempt has been made to show case the changing face of housing in rural areas and the resolve of the Central Government and the State Government to provide every family with their own permanent house.

    The Pradhan Mantri Gram Sadak Yojana has shown remarkable impact in rural areas by providing all-weather road connectivity to settlements with a population of over 250.

    The Rural Development Departments of the Government of India and Uttar Pradesh have demonstrated their key role in implementing schemes through the Rural Self Employment Training Institute (RSETI) model. This was further highlighted at Mahakumbh-2025, where models and exhibitions showcased the socio-economic impact of their schemes on rural areas.

    Mahakumbh-2025 organized at the holy place Prayagraj is a wonderful confluence of unity in diversity with its religious, spiritual, cultural, rural and urban aura. Most of the population of the country lives in rural areas, that is why India is called a country of villages. The schemes of Rural Development Departments of the Government of India and the Government of Uttar Pradesh playing an important role in the socio-economic and structural development of the village.

    *******

    MG/KSR

    (Release ID: 2100350) Visitor Counter : 73

    Read this release in: Hindi

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  • MIL-OSI Asia-Pac: “Shatavari – For Better Health” a nationwide Species-Specific Campaign launched today

    Source: Government of India

    “Shatavari – For Better Health” a nationwide Species-Specific Campaign launched today

    Shatavari will play a key role in advancing women’s health and achieving and achieving the Panch Pran Goal of Developed India: Shri Prataprao Jadhav, Minister of State (IC), Ministry of Ayush

    Posted On: 06 FEB 2025 5:28PM by PIB Delhi

    In a bid to raise awareness about the health benefits of medicinal plants, a species-specific campaign titled “Shatavari –For Better Health” was launched today by Shri Prataprao Jadhav, Minister of State (Independent Charge), Ministry of Ayush. Vaidya Rajesh Kotecha, Secretary, Ministry of Ayush, Dr. Mahesh Kumar Dadhich, CEO, National Medicinal Plants Board (NMPB), and senior officials from the Ministry of Ayush were present on the occasion.

    In his address, Shri Prataprao Jadhav highlighted the significant progress made by the Ministry of Ayush over the last decade and lauded the efforts of NMPB for launching this new initiative to promote awareness about Shatavari. The Minister also mentioned previous successful campaigns led by NMPB, including those for Amla, Moringa, Giloe, and Ashwagandha. These initiatives have contributed to spreading knowledge of the health benefits of medicinal plants across the country.

    Shri Prataprao Jadhav also emphasised the relevance of Shatavari in achieving the Panch Pran Goal outlined by the Prime Minister Shri Narendra Modi during his Independence Day speech on August 15, 2022. The Prime Minister envisioned making India a developed nation by its 100th Independence Day in 2047. As part of this mission, the Shatavari plant has been identified as a key resource for enhancing women’s health in India. This aligns with the broader goal of holistic well-being of citizens.

    Vaidya Rajesh Kotecha, Secretary, Ministry of Ayush, elaborated on the activities and achievements of NMPB in promoting medicinal plants. He also shared insights into the Central Sector Scheme for the Conservation, Development, and Sustainable Management of Medicinal Plants, an initiative to ensure the long-term preservation and cultivation of important medicinal species, including Shatavari.

    Dr. Mahesh Kumar Dadhich, CEO, NMPB, highlighted the medicinal importance of Shatavari, especially for its benefits to women’s health, and discussed the agro-economic potential of this plant. He informed the attendees that financial assistance amounting to ₹18.9 Lakhs will be provided to eligible organizations to support the campaign, fostering greater awareness and wider adoption of Shatavari in the public health landscape.

    Shatavari, known for its numerous health benefits, particularly in supporting women’s health and enhancing immunity, will now receive focused attention through this campaign, ensuring it reaches wider audiences across the nation. The campaign marks another significant step in the Ministry of Ayush’s continued efforts to promote traditional medicine and medicinal plants for better health and well-being in India.

    ****

    MV/AKS

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  • MIL-OSI USA: $39.5M in counterfeit sports merchandise seized ahead of Super Bowl LIX

    Source: US Immigration and Customs Enforcement

    NEW ORLEANS — In a joint press conference with the National Football League (NFL), the National Intellectual Property Rights Coordination Center (IPR Center), led by Director Ivan J. Arvelo, announced the seizure of $39.5 million in counterfeit sports merchandise through Operation Team Player. This year-long, collaborative initiative between Homeland Security Investigations (HSI), U.S. Customs and Border Protection (CBP), and major sports leagues aims to prevent counterfeit sports-related merchandise and apparel from reaching fans ahead of high-profile sporting events.

    In total, more than 214,507 counterfeit items were seized, including jerseys, t-shirts, hats, jewelry, and various other memorabilia. Since its launch in 2013, Operation Team Player has seized more than $455 million in counterfeit sports merchandise and apparel, making it the largest anti-counterfeiting initiative within the federal government.

    “With the rise of e-commerce, it has become incredibly easy for criminals to create fake websites, online marketplaces, and social media ads offering deceptive deals with the sole intention of scamming sports fans,” said Arvelo. “That’s why our partnership with sports leagues, such as the NFL, is critical in our efforts to raise awareness about the dangers of counterfeit merchandise and help consumers make informed purchasing decisions.”

    “As we prepare for Super Bowl LIX in New Orleans, it is important to remember that the success of the game depends on so many crucial partners and vital stakeholders. The NFL is extremely grateful for its long partnership with the IPR Center, HSI, CBP and New Orleans law enforcement, and all that they do to protect NFL fans,” said Dolores DiBella, NFL Senior Vice President for Legal Affairs. “The continued success of Operation Team Player would not be possible without their tireless efforts and ongoing commitment to protecting NFL fans from counterfeit crimes both on the ground and online.”

    “At CBP, we’re not just fans of the game — we’re also here to protect the fans, businesses, and communities that make this event so special. One of the ways we do this is by tackling an issue many consumers don’t realize has an enormous impact: counterfeit goods. Fake jerseys and hats might seem like a good deal, but they can come with serious risks,” said AnneMarie Highsmith, Executive Associate Commissioner, U.S. Customs and Border Protection, Office of Trade.

    “Leading up to and during the game, members of the New Orleans Police Department will be teamed up with agents from the city’s Department of Revenue, the Department of Homeland Security and NFL members, to identify and address illegal vendors and the sale of counterfeit merchandise,” said Lt. Kenny Temple, New Orleans Police Department.

    “Excitement is growing ahead of the big game in New Orleans on Sunday. But if you’re looking to be in that number — and buy tickets to the Super Bowl LIX, you’ve got to do your homework first. Sadly, many con artists will be working overtime this week to prey on innocent people looking to attend the game,” said Attorney General Liz Murrill.

    While many mistakenly believe that counterfeiting only affects large corporations, the reality is that purchasing fake merchandise has real consequences such as identify theft or financial loss. In response, the IPR Center launched the ‘True Fans Keep It Real’ campaign to raise awareness about the dangers of counterfeit goods and provide sports fans with helpful tips to shop smart and spot counterfeit merchandise both online and in person.

    “Our goal is to arm consumers with the knowledge to avoid purchasing counterfeit items in the first place,” Arvelo added.

    To help fans stay safe from counterfeit products, the IPR Center and the NFL recommend the following tips when making purchases:

    • Stick to trusted retail locations.
    • Be cautious when shopping online. If a deal seems too good to be true, it probably is. Criminals often use legitimate product photos while selling fraudulent items.
    • Use caution before purchasing expensive items from unfamiliar online sellers. Shop from authorized dealers with a reputation for quality merchandise to ensure a safe transaction and responsible customer service.
    • Look for signs of poor quality, such as sloppy stitching, missing security labels, or irregular markings on apparel.
    • Check your online bank statements regularly. Keep a record of purchases and confirmation pages and compare them to your bank statements. If discrepancies arise, report them immediately.
    • Purchase event tickets only from trusted sources, such as the NFL Ticket Exchange by Ticketmaster, On Location, or other reputable ticket retailers. This year, Super Bowl LIX will be entirely digital, and no paper tickets will be accepted. Screenshots or PDFs of tickets will not be valid for entry.

    For more information about Operation Team Player or to learn more about the “True Fans Keep It Real” campaign, visit Operation Team Player — IPRCenter.

    About the IPR Center

    For more than two decades, the National Intellectual Property Rights Coordination Center (IPR Center) has led the effort in the government’s response to combat global intellectual property theft and enforce trade laws. Comprised of federal agencies, international law enforcement, academia, private sector partners, and industry experts, the IPR Center develops initiatives, coordinates enforcement actions, shares information related to intellectual property theft and trade fraud related to the sale and distribution of counterfeit goods. The center was established addresses the theft of innovation that threatens economic stability and places the public’s health and safety at risk.

    MIL OSI USA News

  • MIL-OSI Asia-Pac: Cities Covered Under PMAY-U

    Source: Government of India (2)

    Posted On: 06 FEB 2025 5:18PM by PIB Delhi

    Ministry of Housing and Urban Affairs (MoHUA) is implementing Pradhan Mantri Awas Yojana – Urban (PMAY-U) since June 25, 2015 to provide pucca house with basic amenities to all eligible urban beneficiaries. PMAY-U has been implemented in all the statutory towns as per Census 2011 and towns notified subsequently along with Metropolitan cities and smaller towns including   Notified   Planning/Development   Areas, areas  and villages falling within Notified Planning/Development area under the jurisdiction of an Industrial Development Authority/Special Area Development Authority/Urban Development Authority or any such Authority under State legislation which is entrusted with the functions of urban planning and regulations. The towns and Development Authority areas are included under the scheme by the Ministry based on request sent by the respective States/Union Territories (UTs). The scheme has been implemented in 4,618 Cities/Urban Local Bodies (ULBs) including all Metropolitan Cities across the country.

    Based on the project proposals submitted by States/UTs, a total of 118.64 lakh houses have been sanctioned by the Ministry under PMAY-U, out of which 112.50 lakh have been grounded and 90.25 lakh are completed/delivered to the beneficiaries across the country as on 27.01.2025.

    PMAY-U is a demand driven scheme and no target has been fixed for distribution of affordable housing projects for cities/towns. Selection of beneficiaries, formulation of projects and execution is done by States/UTs. As per the scheme guidelines, the ULBs prepare projects for eligible beneficiaries and ensure that the scheme is implemented in an integrated manner. States/UTs prepare project proposals and after approval of State Level Sanctioning and Monitoring Committee (SLSMC), these are submitted to the Ministry for sanctioning of admissible Central Assistance by Central Sanctioning and Monitoring Committee (CSMC).

    As per the scheme guidelines, Central Assistance under different verticals is released to the States/UTs/Central Nodal Agencies (CNAs) based on compliances submitted by them. Further, the disbursement of subsidy (including Central & State components) to the beneficiaries under Beneficiary Led Construction (BLC)/ Affordable Housing in Partnership (AHP)/In-Situ Slum Redevelopment (ISSR) verticals by States/UTs/Implementing agencies is done depending upon the physical & financial progress of projects/houses. Moreover, it has been observed that major  challenges  faced  by  the  implementing  agencies include non-availability of encumbrance free land, unwillingness of beneficiaries, delay in getting statutory clearances/No Objection Certificates (NOCs) etc. The Ministry conducts regular review meetings with States/UTs to complete the remaining houses within the stipulated timeframe. The scheme period, which was earlier up to 31.03.2022, has further been extended up to 31.12.2025, except for Credit Linked Subsidy Scheme (CLSS) vertical of the scheme, to complete all the sanctioned houses without changing the funding pattern and implementation methodology.

    Further, based on the learning from the experiences of 9 years implementation of PMAY-U, MoHUA has revamped the scheme and launched PMAY-U 2.0 ‘Housing for All’ Mission with effect from 01.09.2024 for implementation in urban areas across the country to construct, purchase and rent a house by 1 crore additional eligible beneficiaries at affordable cost through four verticals i.e., Beneficiary Led Construction (BLC), Affordable Housing in Partnership (AHP), Affordable Rental Housing (ARH) and Interest Subsidy Scheme (ISS).

    This information was given by the Minister of State for Ministry of Housing & Urban Affairs, Shri. Tokhan Sahu, in a written reply in the Lok Sabha today.

    *****

    Jane Namchu/Sushil Kumar

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Urban Poverty Alleviation

    Source: Government of India (2)

    Posted On: 06 FEB 2025 5:16PM by PIB Delhi

    The pilot of the proposed New Mission on Urban Poverty Alleviation was launched with effect from 1st October, 2024, for 3 months with the preparatory period of 1 month in 25 cities with the financial outlay of Rs.180 Cr.  The proposed Mission comprises of 5 components, namely, (i) Community-led Institution Development, (ii) Financial Inclusion and Enterprise Development, (iii) Social Infrastructure, (iv) Convergence, and (v) Innovative and Special Projects, aiming to address poverty alleviation of urban poor households with focused interventions to 6 vulnerable groups such as construction workers, transportation workers, gig workers, care workers, waste workers and domestic workers The list of cities is as below:

    S.No.

    State

    City

    1

    Assam

    Guwahati

    2

    Andhra Pradesh

    Vijayawada

    3

    Vizag

    4

    Odisha

    Bhubaneswar

    5

    Puri

    6

    Rourkela

    7

    Gujarat

    Surat

    8

    Ahmedabad

    9

    Dahod

    10

    Uttar Pradesh

    Lucknow

    11

    Agra

    12

    Varanasi

    13

    Kerala

    Thiruvananthapuram

    14

    Kochi

    15

    Madhya Pradesh

    Bhopal

    16

    Ujjain

    17

    Indore

    18

    Tamil Nadu

    Chennai

    19

    Tirupur

    20

    Tripura

    Agartala

    21

    West Bengal

    Kolkata

    22

    Durgapur

    23

    Himachal Pradesh

    Chamba

    24

    Mizoram

    Aizawl

    25

    Bihar

    Patna

     

    Ministry of Housing and Urban Affairs, MoHUA had constituted working groups committee, members of which were from civil society, State / local bodies, research organizations, Central Government etc. for identifying vulnerable groups as mentioned above.

    The key recommendations focused on targeted interventions on key vulnerable occupational groups such as formation and strengthening their institutions, financial inclusion enabling social infrastructure and collaboration with various other ministries and line departments for accessing social security benefits.

    The pilot uses base data of National Food Security Act, 2013 (NFSA), besides the data identified by States, Urban Local Bodies (ULBs) and in-line Departments such as data from Civil Supplies Department, Labour Department etc. for identification of urban poor.

    The motivation for pilot project is enhancing opportunities for livelihoods of urban poor as per learnings from Deendayal Antyodaya Yojana- National Urban Livelihoods Mission (DAY-NULM). Under DAY-NULM 1 crore urban poor households were brought into the frame of Self-Help Groups (SHGs) through institutional mobilization of which 90% are women members. Further, the Mission created 39.2 lakhs livelihoods through financial inclusion and skill training.

    This information was given by the Minister of State for Ministry of Housing & Urban Affairs, Shri. Tokhan Sahu, in a written reply in the Lok Sabha today.

    *****

    Jane Namchu/Sushil Kumar

    (Release ID: 2100337) Visitor Counter : 22

    MIL OSI Asia Pacific News

  • MIL-OSI Europe: Answer to a written question – Stopping Erasmus+ funding for universities with links to Islamists – E-002428/2024(ASW)

    Source: European Parliament

    Since it was created in 2018, the Gaziantep University in Türkiye has been awarded a total amount of EUR 157 746 via three Erasmus+ grant agreements, for sending students to avail of learning abroad opportunities.

    The Commission is politically committed and legally bound to ensure that no one receives EU funding if they are involved in criminal or unethical practices, terrorism-related offences, or in other activities incompatible with EU values.

    The Financial Regulation recast[1] introduced an explicit ground under the early detection and exclusion system for excluding entities from receiving EU financial support, if they have engaged in activities contrary to the values on which the EU is founded[2], such as incitement to discrimination, hatred, or violence[3].

    The Commission will immediately act on any evidence of such violations by specific entities, by taking adequate measures in line with the applicable legal framework, such as suspension of contract or payments, contract termination, recovery of funds, or even exclusion from EU financing.

    Mechanisms framed by the EU Financial Regulation have been put in place to protect EU values, including by adding new provisions in the Erasmus+ documents and grant agreements.

    The Commission will continue rigorous monitoring procedures through checks and follow-ups on compliance with EU values. This includes close collaboration with national agencies responsible for the implementation of actions under the Erasmus+ programme.

    • [1] https://op.europa.eu/en/publication-detail/-/publication/990fe2a6-8f52-11ef-a130-01aa75ed71a1/language-en
    • [2] These values are enshrined in Article 2 Treaty on European Union and the Charter of Fundamental Rights of the European Union.
    • [3] Article 138(1), point (c)(vi) of Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union (recast), OJ L 2024/2509, 26.9.2024.
    Last updated: 6 February 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Spain’s medium-term fiscal-structural plan – E-002161/2024(ASW)

    Source: European Parliament

    The submission of the Member States’ draft budgetary plans and their assessment by the Commission (as established by Regulation (EU) 473/2013) is an important element in the fiscal surveillance.

    Member States submit their draft budgetary plan for the forthcoming year by 15 October[1] and the Commission provides an opinion by end-November[2].

    Member States are invited to take into account, in the process of adopting their budget law, the Commission opinion on their draft budgetary plan[3].

    It may however happen that a government is unable to table a draft budget in national parliament by the usual deadlines. In these cases, the submission should as a rule take place at least one month before the draft budget law is planned to be adopted by the national parliament, except where to do so would prove not feasible due to the country-specific parliamentary approval calendar.

    In the latter case, the submission should still take place in time to allow the Commission to adopt an informed opinion on the plan and the Eurogroup to hold a proper discussion well before the budget law is planned to be adopted by the national parliament[4].

    The Commission continuously monitors fiscal developments in Member States. It takes into account all fiscal developments and fiscal measures when it prepares and publishes its macroeconomic forecasts, including fiscal accounts.

    The Commission confirms that, while it has already received the Spanish medium-term fiscal structural plan[5], it has not yet received a draft budgetary plan for 2025.

    The Commission raises the attention of the Honourable Member that the said Recital 39 of Regulation 2024/1263 indicates that the Commission should, when providing its opinion on the draft budgetary plan, assess whether the draft budgetary plan is consistent with the expenditure path set by the Council Recommendation that endorses the medium-term fiscal structural plan.

    • [1] Art 6(1) of Regulation (EU) 473/2013.
    • [2] Art 7(1) of Regulation (EU) 473/2013.
    • [3] Recital 21 of Regulation (EU) 473/2013.
    • [4] Moreover, Regulation 473/2013 (Cf Art 4(3)) establishes that, while the budget for central government should be adopted by end-year, the Member States should have in place reversionary budget procedures to be applied if the budged is not adopted or fixed upon by 31 December.
    • [5] https://economy-finance.ec.europa.eu/document/download/45e0463e-1216-459a-820a-c7eb9381f27d_es?filename=national_medium-term_fiscal-structural_plan_spain_es.pdf&prefLang=en

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Protecting the competitiveness of the European cement industry – E-002800/2024(ASW)

    Source: European Parliament

    The Carbon Border Adjustment Mechanism (CBAM) will ensure that the carbon price of cement imported into the EU is equivalent to the carbon price of domestic production under the EU Emissions Trading System (EU ETS).

    Under the EU ETS, the number of free emission allowances declines over time for all sectors. For CBAM sectors like cement, the decline accelerates as from 2026 to maximise the impact of the ETS in fulfilling the EU’s climate goals.

    In line with the phase-out of the allocation of free allowances under the EU ETS, the CBAM financial adjustment is phased in gradually.

    As required by the CBAM Regulation, a report on the application of the CBAM is foreseen in 2025 before the end of the transitional phase[1].

    In view of the expiration of the Autonomous Trade Measures for Ukraine in June 2025, the Commission is working on a review of reciprocal trade liberalisation under Article 29 of the Association Agreement.

    However, since cement was already fully liberalised by the original Association Agreement, it was not affected by the Autonomous Trade Measures nor is it within the scope of the review.

    The Commission is aware of the challenges that companies and households face due to high energy prices. The EU has jointly responded to Russia’s energy market manipulation and the subsequent high inflation.

    The energy dimension of the Clean Industrial Deal and the forthcoming Action Plan for Affordable Energy will address the high energy prices and aim at unlocking all possible decarbonisation pathways for EU industries. Further fuel switches and energy efficiency improvements can also help to reduce energy costs.

    • [1] Regulation (EU) 2023/956, Article 30(2).
    Last updated: 6 February 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Standardisation and interoperability of alarm and communication systems in lifts – E-002745/2024(ASW)

    Source: European Parliament

    The Lifts Directive (2014/33/EU)[1] requires that ‘cars must be fitted with two-way means of communication allowing permanent contact with a rescue service’. The two European harmonised standards[2] cited in the Official Journal in support of the Lifts Directive have relevant clauses.

    To date, the Commission has no evidence on the existence of safety or interoperability issues related to the emergency call systems. The Commission is currently undertaking an evaluation of the Lifts Directive[3] and would welcome any information in this respect[4].

    • [1] https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32014L0033
    • [2] EN 81-20:2020 Part 20: ‘Passenger and goods passenger lifts’ and EN 81-28:2003: ‘Remote alarm on passenger and goods passenger lifts’.
    • [3] https://single-market-economy.ec.europa.eu/sectors/mechanical-engineering/lifts_en
    • [4] GROW-LIFTS@ec.europa.eu .
    Last updated: 6 February 2025

    MIL OSI Europe News

  • MIL-OSI Security: Long Island-Based Bloods Gang Members Charged With Attempted Murders, Armed Robberies, Firearms Trafficking and Fraud in Second Superseding Indictment

    Source: Office of United States Attorneys

    Earlier today in federal court in Central Islip, three Bloods gang members, Dwayne Murray, Kendrick Seymore and Lavalle Wilson, were arraigned on new charges in a 46-count second superseding indictment before United States District Judge Joan M. Azrack.  That indictment also charges an additional defendant, high-ranking Bloods gang member Sheim Tevin Ramsey-Davis (Ramsey-Davis), with racketeering and racketeering conspiracy, violent crimes in-aid-of racketeering, brandishing and discharging a firearm during a crime of violence, robbery, fraud and narcotics trafficking. Ramsey-Davis was arrested on January 30, 2025, in Augusta, Georgia and will be arraigned in the Eastern District of New York at a later date. 

    The second superseding indictment includes the following new charges against Murray, Seymore and Wilson for crimes they allegedly committed in Suffolk County between 2016 and 2022:

    • Murray is charged with a September 26, 2016 attempted murder; a May 28, 2020 attempted murder; a May 2020 gunpoint robbery; and firearms trafficking. Murray was previously charged with the June 12, 2020 murder of Wayne Cherry and Seymore was previously charged with the July 23, 2021 execution-style murders of Nyasia Knox, Diamond Schick and Richard Castano.       
    • Seymore is charged with a May 2020 gunpoint robbery; an October 23, 2020 armed home invasion robbery; a September 25, 2021 armed home invasion robbery; and an October 1, 2021 attempted armed home invasion robbery.
    • Murray and Wilson are charged with conspiring with other members of the gang to defraud victims of significant amounts of money between 2020 and 2022. 

    John J. Durham, United States Attorney for the Eastern District of New York; Raymond A. Tierney, Suffolk County District Attorney; James E. Dennehy, Assistant Director in Charge, Federal Bureau of Investigation, New York Field Office (FBI); Bryan Miller, Special Agent in Charge, Bureau of Alcohol, Tobacco, Firearms and Explosives, New York Field Office (ATF NY); and Kevin Catalina, Commissioner, Suffolk County Police Department (SCPD), announced the arrest and charges.

    “With these new and very serious charges, law enforcement continues its objective of dismantling the Bloods on Long Island, and of prosecuting gang members who are drivers of gun violence and numerous other crimes in Suffolk County,” stated United States Attorney Durham.  “My Office and our federal and local partners will not relent in our efforts to remove this threat in order to make our communities safer.” 

    Mr. Durham expressed his appreciation to the U.S. Attorney’s Office for the Southern District of Georgia and FBI’s Resident Agency in Augusta, Georgia, for their assistance with the case.

    “The crimes alleged here strike at the very fabric of our community through violence, intimidation and corruption. Each count in this indictment, from murder to firearms trafficking, represents not just a crime, but a family traumatized, a neighborhood living in fear, or young people pulled into a cycle of violence,” stated Suffolk County District Attorney Tierney.  “My office will continue working alongside our federal and local partners to dismantle all such criminal enterprises and restore safety to the communities they have terrorized.”

    FBI Assistant Director in Charge Dennehy stated: “These three gang members allegedly engaged in an array of criminal activity –murders, armed robberies, and narcotics trafficking – designed to bolster their financial and internal social statuses as well as punish rival entities. This series of new charges emphasizes the various extreme measures the defendants will allegedly implement to support their gang’s operations. Alongside our law enforcement partners, the FBI remains steadfast in its mission to eradicate the gang violence and criminality polluting our communities.”

    “This indictment underscores the collective commitment with ATF NY and our law enforcement partners,” stated ATF NY Special Agent in Charge Miller. “Dismantling violent gangs that terrorize our communities and threaten public safety remain a top priority. It is our obligation to bring every resource to bear in the face of brazen acts of violence. We remain fully committed to enhancing public safety through identifying and eliminating the key drivers of violence. Thank you to the efforts of the men and women of ATF NY Long Island Joint Firearms Task Force, FBI, Suffolk County Police Department and EDNY.”

    “These defendants have terrorized the community for years, committing a spree of violent crimes,” stated SCPD Commissioner Catalina.  “It is through the diligent work of investigators from multiple agencies that we are able to levy new charges. The department along with our law enforcement partners remains committed to working together to fight the brutality of gang members.”

    As alleged in court filings, the defendants engaged in numerous acts of violence on behalf of the Bloods gang, including robberies, home invasions, numerous shootings and four murders.  The defendants are members of a Bloods set known as the Gorilla Stone Bloods (GSB), which have “kaves” located in various towns on Long Island.  Murray and Ramsey-Davis were the leaders of the “Money Gang Kave.”  The second superseding indictment adds charges stemming from the defendants’ years-long use of violence to target their rivals and armed robberies to enrich the members of the gang.

    Specifically, on September 26, 2016, Murray, who was the leader of a set of the Bloods, shot a victim multiple times to increase his own status within the Bloods.  On May 28, 2020, Ramsey-Davis, at Murray’s direction, fired numerous shots at two individuals believed to be associated with a rival gang who were seated in a parked car in front of a residence in Bellport. Murray, Seymore and Ramsey-Davis, along with other gang members, also routinely scouted lucrative robbery targets and committed several armed robberies and home invasions in Suffolk County in 2020 and 2021.  In addition, Ramsey-Davis and his co-conspirators sold large amounts of narcotics, including fentanyl. They also engaged in numerous fraud schemes, including identity theft, credit card and bank fraud and defrauding state unemployment systems. Ramsey-Davis also purchased and sold firearms, and supplied lower-level members of the gang with guns. 

    Previously, Murray and Seymore were charged with racketeering, murder, attempted murder, firearms offenses and narcotics trafficking, and Wilson was charged with attempted murder, firearms offenses and narcotics trafficking. 

    The charges in the second superseding indictment are allegations, and the defendants are presumed to be innocent unless and until proven guilty. 

    The government’s case is being handled by the Criminal Section of the Office’s Long Island Division.  Assistant United States Attorneys Mark E. Misorek and Andrew P. Wenzel and Special Assistant United States Attorneys Donald N. Barclay and Dena C. Rizopoulos are in charge of the prosecution, along with Paralegal Specialist Dejah Turla.

    The Defendants:

    DWAYNE MURRAY (also known as “Wayno”)
    Age:  33
    Residence: Coram, Long Island

    SHEIM TEVIN RAMSEY-DAVIS (also known as “KG”)
    Age:  26
    Residence: Augusta, Georgia

    KENDRICK SEYMORE (also known as “KR”)
    Age:  22
    Residence: Coram, Long Island   

    LAVALLE WILSON (also known as “Val,” Skip,” “Flip” and “Wes”)
    Age:  30
    Residence: Shirley, Long Island   

    E.D.N.Y. Docket No. 22-CR-401 (S-2) (JMA)

    MIL Security OSI

  • MIL-OSI: Skyline Bankshares, Inc. Announces Fourth Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    FLOYD, Va. and INDEPENDENCE, Va., Feb. 06, 2025 (GLOBE NEWSWIRE) — Skyline Bankshares, Inc. (the “Company”) (OTC QX: SLBK) – the holding company for Skyline National Bank (the “Bank”) – announced its results of operations for the fourth quarter of 2024.

    As previously announced, the Company acquired Johnson County Bank (“JCB”) on September 1, 2024, with the Company as the surviving corporation. For accounting purposes, the Company is considered the acquiror and JCB is considered the acquiree in the transaction. As such, all information contained herein as of and for periods prior to September 1, 2024 reflects the operations of the Company prior to the merger.

    The Company recorded net income of $2.5 million, or $0.45 per share, for the quarter ended December 31, 2024, compared to net income of $1.1 million, or $0.19 per share, for the third quarter of 2024 and net income of $2.2 million, or $0.39 per share, for the same period in 2023. For the year ended December 31, 2024, net income was $7.4 million, or $1.34 per share, compared to net income of $9.7 million, or $1.74 per share, for the year ended December 31, 2023. Fourth quarter 2024 earnings represented an annualized return on average assets (“ROAA”) of 0.82% and an annualized return on average equity (“ROAE”) of 11.23%, compared to 0.83% and 11.05%, respectively, for the same period last year. Excluding nonrecurring merger-related expenses of $923 thousand relating to the acquisition of Johnson County Bank, net income would have been $3.2 million, or $0.58 per share, for the fourth quarter of 2024. This would represent an annualized ROAA and ROAE of 1.06% and 14.54%, respectively, for the fourth quarter of 2024.

    President and CEO Blake Edwards stated, “The fourth quarter of 2024 was marked by many notable accomplishments. Earnings were strong, especially when adjusted for direct merger-related costs, with an adjusted annualized ROAA of 1.06%. During the quarter our core loan growth was $31.4 million, which is an annualized rate of 13.13%. Our net interest income increased in both the three-month and twelve-month periods ended December 31, 2024, while our net interest margin increased to 4.10% for the quarter ended December 31, 2024, compared to 3.78% for the quarter ended September 30, 2024. Net income also increased from the third to the fourth quarter when adjusted for nonrecurring, merger-related costs.”

    Edwards continued, “We continued the integration of Johnson County Bank during the fourth quarter of 2024 with the core data systems conversion completed in November. Our experienced team worked tirelessly to make this transition as seamless as possible for the Johnson County employees and customers alike. This is an exciting chapter in the history of our bank, and we are excited to bring our commitment to excellence and dedication to the businesses and people of Johnson County, Tennessee. We look forward to creating a positive impact in Tennessee while continuing to offer an unmatched customer experience in our existing markets. I believe we remain well positioned for growth and success in the future and know that our employees will continue to deliver on our brand promise of being “Always our Best” for our customers each and every day.”

    Highlights

    • In connection with the acquisition of JCB, effective September 1, 2024, the Company acquired $154.1 million in assets at fair value, including $87.2 million in loans. The Company also assumed $133.8 million of liabilities at fair value, including $125.3 million of total deposits with a core deposit intangible asset recorded of $3.4 million, and goodwill of $4.6 million.
    • Net income was $2.5 million, or $0.45 per share, in the fourth quarter of 2024, compared to $2.2 million, or $0.39 per share, in the fourth quarter of 2023.
    • Net interest margin (“NIM”) was 4.10% for the fourth quarter of 2024, compared to 3.78% in the third quarter of 2024, and 3.69% in the fourth quarter of 2023.
    • Total assets increased $171.8 million, or 16.42%, to $1.22 billion at December 31, 2024 from $1.05 billion at December 31, 2023.
    • Net loans were $976.4 million at December 31, 2024, an increase of $165.5 million, or 20.40%, when compared to $811.0 million at December 31, 2023. Excluding the $87.2 million in loans acquired as part of the JCB merger, gross loans increased by $79.6 million, or 9.73%, for the year 2024.
    • Total deposits were $1.09 billion at December 31, 2024, an increase of $163.5 million, or 17.60%, from $928.7 million at December 31, 2023. Excluding the $125.3 million of total deposits acquired as part of the JCB merger, total deposits increased by $38.2 million, or 4.11%, during the year 2024.
    • During the quarter, the Company incurred $923 thousand in merger-related expenses related to the acquisition of JCB. Excluding these merger-related expenses, net income would have been $3.2 million, or $0.58 per share, for the fourth quarter of 2024.

    Fourth Quarter and Year Ended December 31, 2024 Income Statement Review

    Net interest income after provision for credit losses in the fourth quarter of 2024 was $11.4 million compared to $8.9 million in the fourth quarter of 2023. Total interest income was $15.4 million in the fourth quarter of 2024, representing an increase of $3.7 million, or 31.67%, in comparison to the fourth quarter of 2023. Interest income on loans increased in the quarterly comparison by $3.7 million, primarily due to organic loan growth, and the addition of loan balances from the JCB acquisition which added approximately $87.2 million. Management anticipates this loan growth will continue to have a positive impact on both earning assets and loan yields. Interest expense on deposits increased by $1.2 million in the quarterly comparison as a result of rate increases on deposit offerings, and the additional interest-bearing deposits from the JCB acquisition. Management anticipates interest expense on deposits could increase in the near term as competitive pressures for deposits may result in continued increases in rates on deposit offerings, especially on time deposits. Interest on borrowings decreased by $121 thousand in the quarterly comparison.

    For the year ended December 31, 2024, net interest income after provision for (recovery of) credit losses was $38.4 million compared to $35.6 million for the year ended December 31, 2023. Interest income increased by $10.2 million, primarily due to an increase of $10.1 million in interest income on loans. Interest expense on deposits increased by $6.0 million for the year ended December 31, 2024 compared to the same period last year. As previously discussed, this is a reflection of the increased competitive pressures for deposits as well as the additional interest-bearing deposits from the JCB acquisition. Interest on borrowings increased by $266 thousand in the year-over-year comparison, due to short-term borrowings to help fund loan growth.

    Fourth quarter 2024 noninterest income was $2.1 million compared with $1.8 million in the fourth quarter of 2023. Service charges and fees increased by $263 thousand in the quarterly comparison.

    For the year ended December 31, 2024 and 2023, noninterest income was $7.3 million and $7.0 million, respectively. Included in noninterest income for the year 2024 was $221 thousand from life insurance contracts and a net realized security loss of $141 thousand. The net security loss resulted from the recognition of unamortized premiums on a called bond. Included in noninterest income for the year 2023 was income of $129 thousand related to loan hedge fees from a correspondent bank that was recorded in other income, a $197 thousand gain on a sale leaseback, $69 thousand from life insurance contracts and security losses of $16 thousand. Excluding these items noninterest income increased by $614 thousand in the year-over-year comparison, primarily as a result on an increase in service charges and fees of $502 thousand and an increase of $22 thousand in mortgage origination fees.

    Noninterest expense in the fourth quarter of 2024 was $10.3 million compared with $7.9 million in the fourth quarter of 2023, an increase of $2.4 million, or 30.22%. Salary and benefit costs increased by $489 thousand due to the increase in employees resulting from the JCB acquisition, combined with routine personnel additions and salary adjustments, as well as increased benefit costs. Occupancy and equipment expenses increased $134 thousand and data processing increased by $330 thousand in the quarterly comparisons primarily due to branch expansion costs and the costs associated with running two core processing systems before the core conversion for Johnson County Bank occurred. Also included in noninterest expense in the fourth quarter of 2024 was $923 thousand in merger-related expenses related to the acquisition of Johnson County Bank.

    For the year ended December 31, 2024, total noninterest expenses increased by $5.7 million compared to the same period in 2023, primarily due to employee costs and branch costs discussed above. Salary and benefit cost increased by $1.1 million. Occupancy and equipment expenses increased by $604 thousand, and data processing increased by $788 thousand in the year-over-year comparison. Merger-related expenses related to the acquisition of Johnson County Bank were $2.4 million for the year ended December 31, 2024.

    Net income before taxes increased by $364 thousand in the quarterly comparison causing an increase in income tax expense of $16 thousand. In the year-over-year comparison, net income before taxes decreased by $2.7 million, resulting in a decrease in income tax expense of $443 thousand.

    Balance Sheet Review

    Total assets increased in the fourth quarter of 2024 by $11.1 million, or 0.92%, to $1.22 billion at December 31, 2024 from $1.21 billion at September 30, 2024, and increased by $171.8 million, or 16.42%, from $1.05 billion at December 31, 2023. Total loans increased during the fourth quarter by $31.3 million, or 3.29%, to $984.5 million at December 31, 2024 from $953.1 million at September 30, 2024, and increased by $166.8 million, or 20.39%, compared to $817.7 million at December 31, 2023. Core loan growth was $31.4 million during the fourth quarter of 2024, which is an annualized rate of 13.13%.

    Asset quality has remained strong, with a ratio of nonperforming loans to total loans of 0.26% at December 31, 2024 compared to 0.21% at December 31, 2023. The allowance for credit losses remained comparable at approximately 0.82% of total loans as of December 31, 2024 and December 31, 2023, respectively.

    Investment securities decreased by $5.6 million during the fourth quarter to $118.3 million at December 31, 2024 from $123.9 million at September 30, 2024, and decreased by $9.1 million from $127.4 million at December 31, 2023. The decrease in the fourth quarter of 2024 was the result of $1.5 million in paydowns, and an increase in unrealized losses of $4.1 million because of the changes in interest rates during the quarter.

    Total deposits increased in the fourth quarter of 2024 by $6.3 million, or 0.58%, to $1.09 billion at December 31, 2024 from $1.09 billion at September 30, 2024, and increased $163.5 million, or 17.60%, compared to $928.7 million at December 31, 2023. Noninterest bearing deposits decreased by $2.4 million and interest-bearing deposits increased by $8.7 million during the quarter. Lower cost interest bearing deposits increased by $8.0 million during the quarter, and time deposits increased by $689 thousand. Excluding the $125.3 million of total deposits acquired as part of the JCB merger, total deposits increased by $38.2 million, or 4.11%, during the year 2024.

    Total stockholders’ equity increased by $45 thousand, or 0.05%, to $88.7 million at December 31, 2024, from $88.6 million three months earlier, and increased $5.8 million, or 6.98%, from $82.9 million at December 31, 2023. The change during the quarter was due to earnings of $2.5 million offset by $2.7 million in other comprehensive losses.

    Forward-looking statements

    This release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934 as amended. These include statements as to expectations regarding future financial performance and any other statements regarding future results or expectations. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and are including this statement for purposes of these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of the Company, are generally identified by the use of words such as “believe,” “expect,” “intend,” “anticipate,” “estimate,” or “project” or similar expressions. Our ability to predict results, or the actual effect of future plans or strategies, is inherently uncertain. Factors which could have a material adverse effect on the operations and future prospects of the Company and its subsidiaries include, but are not limited to: changes in interest rates; general economic and financial market conditions; the effect of changes in banking, tax and other laws and regulations and interpretations or guidance thereunder; monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board; the quality and composition of the loan and securities portfolios; demand for loan products; deposit flows; competition; demand for financial services in the Company’s market area; the implementation of new technologies; the ability to develop and maintain secure and reliable electronic systems; accounting principles, policies, and guidelines; disruptions to customer and employee relationships and business operations caused by the Johnson County Bank acquisition; the ability to implement integration plans associated with the acquisition, which integration may be more difficult, time-consuming or costly than expected; the ability to achieve the cost savings and synergies contemplated by the acquisition within the expected timeframe, or at all; and other factors identified in Item 1A, “Risk Factors,” in the Company’s Annual Report on 10-K for the year ended December 31, 2023 and the Company’s most recently filed Quarterly Report on Form 10-Q. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. We undertake no obligation to update or clarify these forward‐looking statements, whether as a result of new information, future events or otherwise.

    (See Attached Financial Statements for quarter ending December 31, 2024)

    Skyline Bankshares, Inc.
    Condensed Consolidated Balance Sheets
    December 31, 2024; September 30, 2024; December 31, 2023

      December 31,
        September 30,
        December 31,
     
    (dollars in thousands except share amounts) 2024
        2024
        2023
     
      (Unaudited)
        (Unaudited)
        (Audited)
     
    Assets                      
    Cash and due from banks $ 17,889     $ 27,862     $ 16,811  
    Interest-bearing deposits with banks   1,562       6,766       4,808  
    Federal funds sold         536       474  
    Investment securities available for sale   118,287       123,906       127,389  
    Restricted equity securities   4,034       4,235       3,338  
    Loans   984,459       953,122       817,704  
    Allowance for credit losses   (8,027 )     (7,787 )     (6,739 )
    Net loans   976,432       945,335       810,965  
    Cash value of life insurance   26,743       26,558       22,909  
    Other real estate owned   140       140        
    Properties and equipment, net   34,663       33,741       31,183  
    Accrued interest receivable   4,013       3,810       3,463  
    Core deposit intangible   3,815       4,031       917  
    Goodwill   7,900       7,900       3,257  
    Deferred tax assets, net   5,593       5,125       5,046  
    Other assets   16,528       16,555       15,283  
    Total assets $ 1,217,599     $ 1,206,500     $ 1,045,843  
               
    Liabilities          
    Deposits          
    Noninterest-bearing $ 337,918     $ 340,340     $ 305,115  
    Interest-bearing   754,285       745,567       623,627  
    Total deposits   1,092,203       1,085,907       928,742  
               
    Borrowings   29,254       25,000       27,500  
    Accrued interest payable   950       979       531  
    Other liabilities   6,524       5,991       6,188  
    Total liabilities   1,128,931       1,117,877       962,961  
               
    Stockholders’ Equity          
    Common stock and surplus   33,507       33,283       33,356  
    Retained earnings   73,714       71,212       68,866  
    Accumulated other comprehensive loss   (18,553 )     (15,872 )     (19,340 )
    Total stockholders’ equity   88,668       88,623       82,882  
    Total liabilities and stockholders’ equity $ 1,217,599     $ 1,206,500     $ 1,045,843  
    Book value per share $ 15.69     $ 15.72     $ 14.84  
    Tangible book value per share(1) $ 13.62     $ 13.60     $ 14.09  
               
               
    Asset Quality Indicators          
    Nonperforming assets to total assets   0.22 %     0.15 %     0.17 %
    Nonperforming loans to total loans   0.26 %     0.18 %     0.21 %
    Allowance for credit losses to total loans   0.82 %     0.82 %     0.82 %
    Allowance for credit losses to nonperforming loans   313.19 %     453.00 %     389.31 %
    (1) Tangible book value is a Non-GAAP financial measure defined as stockholders’ equity less goodwill and other intangible assets, divided by shares outstanding, that the Company believes is a meaningful measure of capital adequacy because it provides a meaningful base for period-to-period and company-to-company comparisons, which the Company believes will assist investors in assessing the capital of the Company and its ability to absorb potential losses. See “Reconciliation of Non-GAAP Financial Measures” at the end of this release.
       

    Skyline Bankshares, Inc.
    Condensed Consolidated Statement of Operations

      Three Months Ended
      Year Ended
      December 31,     September 30,     December 31,     December 31,  
    (dollars in thousands except share amounts) 2024     2024     2023     2024     2023  
      (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)     (Audited)  
    Interest income                            
    Loans and fees on loans $ 14,541     $ 12,759     $ 10,843     $ 49,974     $ 39,877  
    Interest-bearing deposits in banks 92     150     68     390     279  
    Federal funds sold 4     25     3     37     29  
    Interest on securities 692     737     743     2,871     3,024  
    Dividends 109     41     68     264     156  
      15,438     13,712     11,725     53,536     43,365  
    Interest expense                            
    Deposits 3,601     3,407     2,360     12,650     6,617  
    Interest on borrowings 268     374     389     1,416     1,150  
      3,869     3,781     2,749     14,066     7,767  
    Net interest income 11,569     9,931     8,976     39,470     35,598  
                                 
    Provision for (Recovery of) credit losses 214     738     69     1,116     (50 )
    Net interest income after provision for (recovery of) credit losses 11,355     9,193     8,907     38,354     35,648  
                                 
    Noninterest income                            
    Service charges on deposit accounts 624     598     580     2,317     2,186  
    Other service charges and fees 1,146     940     927     3,844     3,473  
    Net realized losses on securities             (141 )   (16 )
    Mortgage origination fees 68     108     66     277     255  
    Increase in cash value of life insurance 185     161     138     643     576  
    Life insurance income             221     69  
    Other income 42     44     48     124     427  
      2,065     1,851     1,759     7,285     6,970  
    Noninterest expenses                            
    Salaries and employee benefits 4,576     4,525     4,087     17,770     16,704  
    Occupancy and equipment 1,445     1,387     1,311     5,636     5,032  
    Data processing expense 940     744     610     3,019     2,231  
    FDIC Assessments 279     153     143     720     588  
    Advertising 252     256     219     965     768  
    Bank franchise tax 136     132     61     466     376  
    Director fees 148     52     150     326     349  
    Professional fees 276     188     194     856     722  
    Telephone expense 120     117     155     473     556  
    Core deposit intangible amortization 216     107     80     482     369  
    Merger-related expenses 923     1,143         2,423      
    Other expense 987     821     898     3,145     2,847  
      10,298     9,625     7,908     36,281     30,542  
    Net income before income taxes 3,122     1,419     2,758     9,358     12,076  
                                 
    Income tax expense 619     362     603     1,933     2,376  
    Net income $ 2,503     $ 1,057     $ 2,155     $ 7,425     $ 9,700  
                                 
    Net income per share $ 0.45     $ 0.19     $ 0.39     $ 1.34     $ 1.74  
    Weighted average shares outstanding 5,557,156     5,553,579     5,561,075     5,557,210     5,579,654  
    Dividends declared per share $ 0.00     $ 0.23     $ 0.00     $ 0.46     $ 0.42  
                                 

    Skyline Bankshares, Inc.
    Reconciliation of Non-GAAP Financial Measures

    In addition to financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), the Company uses certain non-GAAP financial measures that provide useful information for financial and operational decision making, evaluating trends, and understanding the Company’s financial condition, capital position and financial results. Non-GAAP financial measures are supplemental and not a substitute for, or more important than, financial measures prepared in accordance with GAAP and may not be comparable to those reported by other financial institutions. The non-GAAP financial measure presented in this document includes tangible book value per share, and the following items adjusted for merger-related expenses: return on average assets, return on average equity, and net income per share. For periods that are shorter than twelve months, the Company annualizes net income for the return on average assets and the return on average equity. The following tables present calculations underlying non-GAAP financial measures.

               
      December 31,     September 30,     December 31,  
    (dollars in thousands except share amounts) 2024     2024     2023  
      (Unaudited)
        (Unaudited)
        (Unaudited)
     
    Tangible Common Equity          
    Total stockholders’ equity (GAAP) $ 88,668     $ 88,623     $ 82,882  
    Less: Goodwill   (7,900 )     (7,900 )     (3,257 )
    Less: Core deposit intangible           (3,815 )             (4,031 )             (917 )
    Tangible common equity (non-GAAP) $         76,953     $         76,692     $         78,708  
    Common stock shares outstanding           5,651,704               5,639,204               5,584,204  
    Tangible book value per share $         13.62     $         13.60     $         14.09  
               
      Three Months Ended
        Year Ended
     
      December 31,     September 30,     December 31,     December 31,
     
    (dollars in thousands except share amounts) 2024     2024     2023     2024     2023  
      (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)  
    Annualized Net Income                                      
    Net income (GAAP) $ 2,503     $ 1,057     $ 2,155     $ 7,425     $ 9,700  
    Add: Items not annualized                                      
    Merger-related expenses   923       1,143             2,423        
    Tax effect of merger-related expenses           (184 )             (212 )             –                (407 )             –  
    Total non-annualized items           739               931               –               2,016               –  
    Adjusted net income $         3,242     $         1,988     $         2,155     $         9,441     $         9,700  
                                           
    Adjusted net income, annualized for ratio calculation (non-GAAP) $         12,898     $         7,909     $         8,550     $         9,441     $         9,700  
                                           
    Net income, annualized for ratio calculation $         9,958     $         4,205     $         8,550     $         7,425     $         9,700  
                                           
    Average total assets $         1,213,167     $         1,123,844     $         1,032,307     $         1,109,465     $         1,012,827  
    Average total equity $         88,684     $         87,292     $         77,352     $         85,460     $         76,598  
    Weighted average shares outstanding           5,557,156               5,553,579               5,561,075               5,557,210               5,579,654  
                                           
    Return on average assets (GAAP)   0.82 %     0.37 %     0.83 %     0.67 %     0.96 %
    Adjusted return on average assets (non-GAAP)   1.06 %     0.70 %     0.83 %     0.85 %     0.96 %
                                           
    Return on average equity (GAAP)   11.23 %     4.82 %     11.05 %     8.69 %     12.66 %
    Adjusted return on average equity (non-GAAP)   14.54 %     9.06 %     11.05 %     11.05 %     12.66 %
                                           
    Net income per share $         0.45     $         0.19     $         0.39     $         1.34     $         1.74  
    Adjusted net income per share $         0.58     $         0.36     $         0.39     $         1.70     $         1.74  
                                           

    For more information contact:
    Blake Edwards, President & CEO – 276-773-2811
    Lori Vaught, EVP & CFO – 276-773-2811

    The MIL Network

  • MIL-OSI USA: Video: Kaine Joins Senate Democrats in Holding Senate Floor to Protest Russell Vought’s Nomination to Lead OMB, Citing Chaos Unleashed on Federal Workers

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine
    WASHINGTON, D.C. – Last night, U.S. Senator Tim Kaine (D-VA) joined his Democratic colleagues in holding the Senate floor to protest Russell Vought’s nomination to lead the Office of Management and Budget (OMB), citing stories he has collected from federal workers about the chaos the Trump Administration has unleashed on the federal workforce. Vought is one of the key authors of Project 2025 and has long been an architect of President Trump’s plans to villainize the federal workforce.

    Broadcast-quality video of Kaine’s speech is available here.
    “My colleagues have spoken on the floor about a particular statement of Mr. Vought’s that I examined him about fairly aggressively during the Budget Committee Hearing. In the course of a speech, he said, ‘I want federal employees to be traumatized. I want to put them in trauma. I want them to come to work—to not want to come to work—because they know that they are increasingly viewed as the villain. Now, who talks like that? I mean, who talks like that? Is there a single manager or leader or organizational chief that we admire who believes that their mission, their happiness, their glee, their purpose is to make their workforce feel traumatized? No we would never celebrate a leader of that kind,” said Kaine.
    “What I want to do in my time on the floor tonight is talk a little bit about these federal employees and what having a traumatized workforce means… What I’ve heard from Virginians is just in the week since the funding pause order went into place—something that was masterminded by Russell Vought—federal employees. Yesterday, I decided after hearing stories from federal employees, to launch a website, a resource where federal employees could share with anonymity guaranteed… I thought what I would do tonight is, I’ve just taken 18 of these stories, from the federal employees that have just once in in the last 24 hours, of the hundreds that have been submitted, and I just want to read some to you, to tell you about who these people are who Mr. Vought wants to be traumatized. Who these people are that Mr. Vought wants to personally make feel as if they are the villains,” Kaine continued.
    Then, Kaine shared various stories he has collected from federal workers about how the Trump Administration’s actions have harmed them and threatened their ability to deliver essential services for the American people, including:
    A federal employee working for the U.S. Agency for International Development (USAID) who wrote, “After two extremely painful miscarriages, I am now 34 weeks pregnant with my first child. Since my husband works as a lawyer for the EPA, what should have been a joyful time in our lives now feels like a dystopian hellscape and we are very afraid for our future and financial security. We are just hoping to have health insurance at this point for when I give birth but even that feels uncertain. I swore an oath and believe in the work that USAID does. I believe that it makes American stronger, safer, and more prosperous, as Secretary Rubio is calling for, and I will supporting the Agency until they boot me from the system. God help us all.”
    A federal employee working for the U.S. Department of Health and Human Services who explained, “I am married and pregnant. I am the breadwinner. A woman. I am a homeowner. I pay taxes. I took an oath and I love my job. The daily fear tactics and targeting of federal employees has uprooted my life. I no longer feel safe going on any kind of family vacation, making any big purchases or doing anything because everyday I wonder will I have a job.”
    A federal employee working for the National Science Foundation (NSF) who said, “The opportunity to give back and support the next generation of U.S. based scientists was a dream fulfilled, and I am terrified that I will be fired as soon as Friday with no protections or severance. The fair compensation and flexible schedule let’s my spouse work as a teacher, and she is so great at her job. But that will not pay the mortgage.”
    A federal employee working for USAID who warned, “The attack on USAID lacks intelligence and foresight. China and Russia are filling the vacuum, outspending the US and deepening partnerships with our allies, who feel abandoned. This is creating permanent damage, and undoing decades of progress in a few days. This does the opposite of making America stronger, safer, and more prosperous.”
    A federal employee working for the U.S. Department of Agriculture who explained, “These last few weeks have been hell for us federal workers. I come to work with a pit in my stomach. I am a probationary employee, so will probably be the first to go during a RIF. They have left us in the dark while constantly terrorizing us with threatening, passive aggressive messages, and half legal deals to resign. I fear for my job, but I fear more for my country.”
    A federal employee working for the U.S. Department of Transportation who wrote, “I am frightened about my position. I’m a single income household and am convinced no one has my back. Congress has been pretty much silent, and the news has gained very little traction nationwide.”
    A federal employee working for the U.S. Department of Defense who said, “As soon as this administration took office it felt like federal workers were under siege. They began with their flurry of executive orders and memos, they put Elon Musk (whom no one elected, whom is not a federal employee but yet has huge contracts for other areas with the government) in charge of “handling” the potential mass layoffs of federal workers.”
    A federal employee working at the General Services Administration who explained, “…the disregard for union contracts is deeply concerning and undermines the commitments made to the workforce. Many of my talented and hardworking colleagues have been living in fear for weeks, facing uncertainty they do not deserve. This unlawful mistreatment not only undermines their dedication but also creates an environment of instability and anxiety that no employee should have to endure.”
    A federal employee working at the Department of Homeland Security (DHS) who wrote, “My husband and I are both federal employees and we are both on probation. We also have student loan debts and under the public service loan forgiveness program. If we lose our jobs because we are on probation, we will lose the ability to have our payments to [Public Service Loan Forgiveness] counted, we will not be able to pay for childcare and we will lose our apartment.”
    A federal employee working at DHS who warned, “truly believe a strong, healthy workforce of civilian servants is vital for a strong, healthy America. Our government has a duty to protect its citizens. This – to me – includes making sure peoples basic needs are met, be it healthcare, food, housing, education, etc. The private sector is not taking on this obligation.”
    A federal employee who said, “I’ve served under different administrations, Republican and Democrat, and been proud to do so… The last 2 weeks have been a nightmare.”
    A federal employee who wrote, “Since inauguration, times have been hell for us because every day is loaded with uncertainty regarding the future state of our contract, work, and our federal counterparts we work daily with. To this day, every work day is filled with dread and anxiety.”
    A federal contractor working for USAID who explained, “In the past week, I have experienced near everyone in my company get placed on furlough. Beyond the fact that we were all working to make international development more impactful, and the fact that the US Company we have invested so much time in may never come back from this, we are all without salary and uncertain for the future.”
    A federal employee working for a small independent agency who wrote, “I am a probationary employee, meaning my name is on a short list to fire. I was hired under Schedule A — persons with disabilities, so my name is on a list. I feel like I am being threatened by the very institutions that were created to safeguard the principles of truth, compassion, respect…”
    A federal employee who wrote, “Today, I woke up to an email saying we had a restraining order, tied to Trump’s EOs, that would limit how we’d disburse our grants. Since the EOs were vaguely defined to begin with, this could be a witch hunt for all kinds of programs and grants we give out.”
    A federal employee who said, “I’m a senior human resource professional in the Department of the Interior. I’m on daily calls with Departmental HR leaders who receive direction from OPM. Today leadership mentioned that their coordination was with DOGE “employees” rather than with actual OPM employees. These DOGE employees have full access to our USA Staffing hiring system, which includes personally identifiable information for ALL applicants to any position in DOI. It is unclear what kind of clearance these individuals have, if any, and what authority they have to even access this system.”

    MIL OSI USA News

  • MIL-OSI USA: Shaheen Speaks with New Hampshire Chamber of Commerce Leaders About Potential Harms from Delayed Trump Tariffs

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen
    (Washington, DC) – U.S. Senator Jeanne Shaheen (D-NH) spoke with representatives from local Chambers of Commerce across New Hampshire about the harmful impact of the potential Trump tariffs on Mexico and Canada, New Hampshire’s largest trading partner. As of earlier this week, these tariffs have been delayed 30 days, but if they go into effect, prices on everything from gas to cars to groceries could skyrocket, hurting Granite Staters and Granite State businesses. Representatives from the New Hampshire Business and Industry Association, Exeter Area Chamber of Commerce, Hampton Area Chamber of Commerce, Upper Valley Business Alliance, Greater Concord Chamber of Commerce, Greater Monadnock Collaborative, Greater Dover Chamber of Commerce, Mt. Washington Valley Chamber and the Greater Portsmouth Chamber Collaborative joined the virtual conversation.
    “I’ve spoken with business leaders from around the Granite State, and they’ve told me that what they need to grow and create good-paying jobs that boost our economy is stability and certainty about the economic policies they are facing,” said Shaheen. “To be clear, I’m glad that President Trump has delayed these tariffs, but a delay is not enough. We need to focus on lowering costs for working Americans, not starting a needless and dangerous trade war that would increase prices on critical items and create more uncertainty.”
    Shaheen immediately condemned the proposed Trump tariffs after they were announced. On Tuesday night, Shaheen took to the Senate floor to detail the harmful impacts that the delayed Trump tariffs would have on Granite Staters. Last week, Shaheen led the New Hampshire Congressional Delegation in sending a letter to the White House urging him not to impose tariffs on Canada, Mexico and China which are expected to cost the average American $1,200 per year.
    Earlier this year, Shaheen introduced new legislation with U.S. Senators Ron Wyden (D-OR) and Tim Kaine (D-VA) to shield American businesses and consumers from rising prices imposed by tariffs on imported goods into the United States. The Senators’ legislation would keep costs down for imported goods by limiting the authority of the International Emergency Economic Powers Act (IEEPA)—which allows a President to immediately place unlimited tariffs after declaring a national emergency—while preserving IEEPA’s use for sanctions and other tools.
    After the November election, a multitude of business leaders verified that, if the President placed sweeping tariffs as promised, they’d be forced to raise prices on consumers. The CEO of Best Buy said, “the vast majority of that tariff will probably be passed on to the consumer as a price increase.” The CFO of Walmart said, “there will probably be cases where prices will go up for consumers.” The CEO of Columbia Sportswear said, “we’re set to raise prices” and “it’s going to be very, very difficult to keep products affordable.” The CEO of AutoZone said, “if we get tariffs, we will pass those tariff costs back to the consumer.” The President of a Texas-based Lipow Oil Associates said, “The prices at the pump are going to go up.”

    MIL OSI USA News

  • MIL-OSI USA: HSI Los Angeles teaming with federal and local partners to form task force on combating crimes related to wildfires

    Source: US Immigration and Customs Enforcement

    LOS ANGELES — In the midst of an unprecedented natural disaster, Homeland Security Investigations (HSI) Los Angeles has teamed up with federal and local law enforcement agencies to create the Joint Regional Fire Crimes Task Force (JRFCTF) to investigate and prosecute fire-related crimes as Los Angeles County recovers from devastating wildfires. The JRFCTF will focus on investigating and prosecuting criminal actors seeking to exploit the wildfire crisis.

    The JRCTF includes representatives of HSI Los Angeles’ El Camino Real Financial Crimes Task Force, the United States Attorney’s Office, the Federal Bureau of Investigation, the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Los Angeles County District Attorney’s Office; the Los Angeles City Attorney’s Office, the Los Angeles Police Department, and the Los Angeles County Sheriff’s Department.

    “Far too often, during tragic events like the Los Angeles-area wildfires, we have seen greedy individuals seek to line their pockets and divert critical funds from those most in need,” said HSI Los Angeles Special Agent in Charge Eddy Wang. “HSI Los Angeles and partner agencies will do our part to help the region recover and rebuild by ensuring that disaster-related funds will go to individuals and families that lost loved ones.”

    The JRCTF investigative focus will be on an assortment of crimes to include looting, burglary and impersonation offenses; crimes related to arson; illegal drone activity; and financial fraud targeting both disaster victims and those wishing to make charitable donations.

    Fire victims are vulnerable to being re-victimized by fraud and theft. Its efforts focus on ensuring that relief funds reach those in need and working to swiftly prosecutor those engaged in defrauding donors.

    While generous people around the world are making donations to assist victims, this creates opportunities for scams as criminals exploit disasters for their own gain by sending fraudulent solicitations or creating deceiving websites. Potential donors are urged to make donations only to known entities and to avoid giving donations in cash or via wire transfer.

    The JRCTF will also investigate the misuse of aid programs administered by government agencies, such as the Federal Emergency Management Agency and the Small Business Administration. As financial resources are being deployed to support homeowners, renters, nonprofits and businesses affected by the fires, any attempt to misuse these funds through fraud or identity theft will be vigorously investigated and prosecuted.

    Anyone with information on financial fraud crimes related to the Los Angeles Area Wildfires are encouraged to call the HSI Tip Line at 877-4-HSI-TIP.

    Learn more about HSI’s mission to increase public safety in your community on X, formerly known as Twitter, at @HSILosAngeles.

    MIL OSI USA News

  • MIL-OSI Europe: Italy: EIB provides €30 million to improve water service efficiency and resilience in Pescara

    Source: European Investment Bank

    • The first €20 million tranche of a green loan for Azienda Comprensoriale Acquedottistica S.p.A (ACA) has been signed.
    • The InvestEU-backed financing will help provide wider and more reliable access to water and optimise wastewater management.
    • The EIB is one of the world’s leading lenders to the water sector.

    The European Investment Bank (EIB) has announced a €30 million loan to Azienda Comprensoriale Acquedottistica S.p.A (ACA), the utility company providing integrated water services to around 450 000 people in the Italian provinces of Pescara, Chieti and Teramo. The first €20 million tranche was signed by the Head of the EIB Local Office in Italy, Milena Messori, and by the CEO of ACA, Giovanna Brandelli. This InvestEU-backed financing will support ACA’s water and wastewater investment programme for 2024-2026.

    This is the first EIB green loan to be granted to a business in Abruzzo. EIB green loans go to projects focusing on sustainability, climate action and environmental protection. Key initiatives set to receive financing include expanding the water network to provide wider and more reliable access to water, and introducing advanced technologies for better water quality and wastewater management. In parallel, solutions will be implemented to optimise operational processes, cutting costs and increasing the overall efficiency of the water system.

    The focus on improving the sector’s resilience to future extreme climate events will strengthen the region’s ability to face droughts and water crises like the one that hit Abruzzo in 2024. This project will have a positive impact not only on the management of water resources, but also on people’s quality of life.

    The agreement is part of the existing partnership between the EIB and the city of Pescara, which in March 2022 saw the signature of €35 million in financing for the renewal of waste sorting facilities, the purchase of low environmental impact vehicles and the improvement of energy efficiency in schools and public buildings.

    “This agreement reaffirms our commitment to Italian utility companies and to the improvement of water infrastructure in Italy. With InvestEU backing, we are helping ACA Pescara to cut water losses, improve efficiency and provide high-quality water services, even when confronted with climate change-related challenges, said the Head of the EIB Local Office in Italy, Milena Messori.”

    “This is the first EIB green loan to be granted to a business in Abruzzo, said the CEO of ACA, Giovanna Brandelli. This €30 million loan to ACA will hugely improve the region’s water network and provide a better service in the coming years. This is the first time that ACA has received such financing like this from a prestigious bank like the EIB. This shows that the path taken by the company is starting to bear fruit and is having a positive impact on the service provided. The focus on improving the sector’s resilience to future extreme climate events will strengthen the region’s ability to face droughts and water crises like the one that hit Abruzzo in 2024”.

    Italy receives more EIB resources for the water sector than any other country

    With over 1 640 projects and around €84 billion in financing provided since 1958, the EIB is one of the world’s leading lenders to the water sector. In the last ten years, Italy has received more EIB resources for the water sector than anywhere else, seeing operations financed totalling more than €4 billion. This is ACA Pescara’s first EIB loan, and comes in addition to recently announced financing for Iren (€200 million), Valle Umbra Servizi (€35 million), ETRA (€100 million), Acquedotto Pugliese (€270 million), Como Acqua (€50 million), Hera Group (€460 million), ACEA (€435 million), Acque (€130 million) and CIIP (€50 million).

    Background information

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Founded on eight key priorities, it finances investments that contribute to EU policy objectives, bolstering climate action, environmental protection, digitalisation and technological innovation, security and defence, agriculture and bioeconomy, social infrastructure, the capital markets union, and supports a stronger Europe in a more peaceful and prosperous world. All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Around 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.

    The EIB Group, which also includes the European Investment Fund (EIF), signed a total of around €89 billion in new financing for over 900 projects in 2024, which boosted Europe’s competitiveness and security. Promoting the integration of markets and mobilising investments, the funds unleashed by the EIB Group in 2024 attracted investment worth over €100 billion, fostering Europe’s energy security and unlocking €110 billion to support startups, scale-ups and pioneering firms in Europe. Around half of the EIB’s financing within the European Union goes to cohesion regions, where per capita income is lower than the EU average. The EIB Group signed 99 operations totalling €10.98 billion in Italy in 2024, helping to unlock almost €37 billion of investment in the real economy.

    The InvestEU programme provides the European Union with long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps to crowd in private investment for the European Union’s strategic priorities such as the European Green Deal and the digital transition. InvestEU brings all EU financial instruments previously available for supporting investments within the European Union together under one roof, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal. The InvestEU Fund is deployed through implementing partners that will invest in projects using the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment.

    MIL OSI Europe News

  • MIL-OSI: Press release 2024 Results – CIC

    Source: GlobeNewswire (MIL-OSI)

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

    FEBRUARY 6, 2025
    CIC Press Release

    Results for the year ended December 31, 2024

    In 2024, CIC posted a high net income of €1.7 billion, driven by strong momentum in the specialized business lines

    In a difficult economic and political environment, CIC maintained its high level of income in 2024, with net revenues stabilizing at €6.3 billion (-2.9%) and net income at €1.7 billion (-13.2%).

    These results were driven by the excellent performance of revenues from the specialized business lines, particularly corporate banking (+9.5%), capital markets (+12.9%) and private equity (+4.8%). This partly offset the decline in retail banking (-3%), which remained resilient. However, it was negatively affected by strong pressure on net interest margins in the French banking networks, by the worsening economic outlook, and by a post-Covid catch-up effect in corporate failures, which weighed on the cost of risk. The business line subsidiaries (leasing and factoring) benefited from the rise in interest rates, with net revenue up +21.2%.

    General operating expenses were kept under control at €3.7 billion (-1.8%). This performance was achieved against a backdrop of major technological and strategic investments linked to the new 2024-2027 strategic plan, a strong social pact with its employees, notably in terms of salary increases, and its corporate philanthropy policy in line with its benefit corporation status.

    At end-December, CIC posted a strong operating performance, with a cost/income ratio of 59.3%.

    With €21.1 billion in shareholders’ equity at December 31, 2024 (+€0.8 billion), CIC, a benefit corporation, confirms its solidity and the relevance of its diversified business model.

    Results for the year ended December 31,20241 2024 2023 Change 2024/2023
    NET REVENUE €6.274bn €6.458bn -2.9%
    of which retail banking €3.903bn €4.024bn -3.0%
    of which specialized business lines €2.449bn €2.369bn +3.4%
           
    GENERAL OPERATING EXPENSES -€3.723bn -€3.792bn -1.8%
           
    COST OF RISK -€646m -€468m +38.0%
           
    NET INCOME €1.727bn €1.989bn -13.2%

    Download the full press release: Download the full press release:

    STRONG BUSINESS MOMENTUM IN CUSTOMER SERVICES
    Customer loans Customer deposits Insurance2 Remote surveillance2
    €255.5bn €225.4bn 6.8 million 127 200
    +1.3% -2.1% +216 000 +4 200

    1 The annual audit of the financial statements for the year ended December 31, 2024 is under way.

    2 By number of contracts.

    Attachment

    The MIL Network

  • MIL-OSI USA: Lee Sponsors Introduction of REINS Act to Restore Constitutional Government

    US Senate News:

    Source: United States Senator for Utah Mike Lee

    WASHINGTON –Today, Senator Mike Lee (R-UT) joined Senator Rand Paul (R-KY) as a co-sponsor of the Regulations from the Executive In Need of Scrutiny (REINS) Act. This legislation would require that federal regulations with an economic impact of $100 million or more be subject to an up-or-down vote in Congress, reclaiming legislative power from the regulatory state.

    “Without the REINS Act, Americans will continue to live under the tyranny of unelected bureaucrats who effectively make laws but never have to stand for election,” said Sen. Lee. “Congress has an opportunity to restore its constitutional lawmaking role while saving countless American workers, consumers, businesses, and families from the costs imposed by endless federal regulations.”

    Additional cosponsors in the Senate include U.S. Senators Marsha Blackburn (R-TN), Katie Britt (R-AL), Ted Budd (R-NC), Kevin Cramer (R-ND), Mike Crapo (R-ID), Steve Daines (R-MT), Chuck Grassley (R-IA), James Lankford (R-OK), Cynthia Lummis (R-WY), Bernie Moreno (R-OH), James Risch (R-WI), Rick Scott (R-FL), Mike Rounds (R-SD), Tim Sheehy (R-MT), Tommy Tuberville (R-AL), and Eric Schmitt (R-MO).

    Background:

    Under the REINS Act, once major rules are drafted, they must then be affirmatively approved by both chambers of Congress and then signed by the President, satisfying the bicameralism and presentment requirements of the Constitution. Currently, regulations ultimately take effect unless Congress specifically disapproves.

    The bill defines a “major” rule as one that the Office of Management and Budget determines may result in an economic impact of $100 million or greater each year; “a major increase in costs or prices” for American consumers, government agencies, regions, or industries; or “significant adverse effects” on the economy.

    The REINS Act also includes the following provisions:

    • New Defense for Individuals: Individuals can argue that the average person would not have known their actions violated federal law if the statute did not clearly state it.
    • Right to Sue: People can sue to stop enforcement if an agency implements a major rule without getting congressional approval.
    • LIBERTY Act: Agency guidance with an economic impact of $100 million or more needs congressional approval just like major rules.
    • Deregulatory Actions Exempted: Agencies do not need congressional approval to withdraw costly or burdensome rules

    You can read the REINS Act HERE.

    You can find more info on regulatory reform HERE.

    MIL OSI USA News

  • MIL-OSI USA: Ahead of Confirmation Vote, Warren, Kaine Call on RFK Jr. to Forfeit Stake in Anti-Vaccine Lawsuits

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    February 06, 2025

    After pressure, Kennedy agreed to transfer stake in anti-vaccine lawsuits to his son, but would still have influence over those cases as HHS Secretary

    “Your relationships with these entities [with business before HHS] will raise serious doubts about your impartiality if you participate in decisions about cases and other particular matters that involve them.” 

    Text of Letter (PDF) 

    Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, and Tim Kaine (D-Va.), a member of the Senate Committee on Health, Education, Pensions, and Labor, wrote to Robert F. Kennedy, Jr., nominee for Secretary of Health and Human Services (HHS), about his continued conflicts of interest. The senators called out Mr. Kennedy’s plan to enter office with a serious ethics conflict by keeping a financial interest in anti-vaccine lawsuits within his family, asked him to recuse himself from former clients’ matters, commit to not lobbying HHS after his tenure as Secretary, and more. 

    Mr. Kennedy initially had an agreement with the law firm Wisner Baum that would allow him to earn 10% of any payments awarded to plaintiffs in cases he referred to the firm, including cases against the pharmaceutical company Merck’s Gardasil vaccine. As HHS Secretary, Mr. Kennedy would have the power to influence the outcome of those vaccine cases, including influencing Merck’s willingness to settle, or influencing the jury pool. Last week, Mr. Kennedy announced he would transfer his stake in those cases to his adult son, an attorney at Wisner Baum. 

    “This arrangement simply does not pass the smell test. Your son is not an independent third party, and ethics experts have critiqued your plan as exploiting a loophole in the law,” wrote the senators. The lawmakers called on Mr. Kennedy to divest from cases he’s referred to the firm by either forfeiting the fee or agreeing with Wisner Baum to accept an amount not dependent on the outcome of cases during his tenure. 

    Mr. Kennedy has also worked with an anti-vaccine advocacy group, Children’s Health Defense, which regularly sues the agencies he’d oversee as HHS Secretary, and a number of law firms with ongoing health-related matters. Mr. Kennedy has agreed to not work on his former clients’ matters for one year. However, the senators are concerned that the cooling-off period is too short to resolve the concern that he would not be impartial when handling matters involving former clients with whom he still has fresh relationships. To address such concerns, over a dozen Biden appointees voluntarily agreed to recuse themselves from former clients’ matters for four years. 

    Mr. Kennedy also said he would continue to hold investments in a fund invested in multiple companies regulated by HHS, and that he would seek a waiver to work on matters that impact those investments. 

    “You appear to be planning to make decisions that can impact your own investments in numerous health companies. We urge you to either divest these holdings before taking office or to recuse from all particular matters that could impact those holdings,” wrote the lawmakers

    During his hearing, Mr. Kennedy committed to not working for a drug company for at least four years after leaving government service. However, he did not commit to not seeking compensation from entities that sue drug companies or that he would regulate or interact with at HHS. Numerous Biden appointees agreed to a cooling-off period of at least four years before working in the industries they regulated. 

    “You should commit to not lobbying HHS for at least four years after leaving office, either as a formal registered lobbyist or informal shadow lobbyist — given that former high-level officials can leverage their influence not only by directly lobbying but through facilitating others to do so,” concluded the lawmakers

    The senators asked Mr. Kennedy to make these commitments to increase American’s trust in his ability to serve the public interest during his time at HHS. 

    MIL OSI USA News

  • MIL-OSI Global: Gaza: we analysed a year of satellite images to map the scale of agricultural destruction

    Source: The Conversation – UK – By Lina Eklund, Associate Senior Lecturer, Lund University

    Part of North Gaza in November 2023, and again in July 2024.

    SkySat imagery © 2025/Planet Labs PBC

    The ceasefire agreed between Israel and Hamas makes provisions for the passage of food and humanitarian aid into Gaza. This support is much needed given that Gaza’s agricultural system has been severely damaged over the course of the war.

    Over the past 17 months we have analysed satellite images across the Gaza Strip to quantify the scale of agricultural destruction across the region. Our newly published research reveals not only the widespread extent of this destruction but also the potentially unprecedented pace at which it occurred. Our work covers the period until September 2024 but further data through to January 2025 is also available.

    Before the war, tomatoes, peppers, cucumbers and strawberries were grown in open fields and greenhouses, and olive and citrus trees lined rows across the Gazan landscape. The trees in particular are an important cultural heritage in the region, and agriculture was a vital part of Gaza’s economy. About half of the food eaten there was produced in the territory itself, and food made up a similar portion of its exports.

    By December 2023, only two months into the war, there were official warnings that the entire population of Gaza, more than 2 million people, was facing high levels of acute food insecurity. While that assessment was based on interviews and survey data, the level of agricultural damage across the whole landscape remained out of view.

    Most olive and citrus trees are gone

    To address this problem, we mapped the damage to tree crops – mostly olive and citrus trees – in Gaza each month over the course of the war up until September 2024. Together with our colleagues Dimah Habash and Mazin Qumsiyeh, we did this using very high-resolution satellite imagery, detailed enough to focus on individual trees.

    We first visually identified tree crops with and without damage to “train” our computer program, or model, so it knew what to look for. We then ran the model on all the satellite data. We also looked over a sample of results ourselves to confirm it was accurate.

    Our results showed that between 64% and 70% of all tree crop fields in Gaza had been damaged. That can either mean a few trees being destroyed, the whole field of trees completely removed, or anything in between. Most damage took place during the first few months of the war in autumn 2023. Exactly who destroyed these trees and why is beyond the scope of our research or expertise.

    In some areas, every greenhouse is gone

    As greenhouses look very different in satellite images, we used a separate method to map damage to them. We found over 4,000 had been damaged by September 2024, which is more than half of the total we had identified before the start of the war.

    Greenhouses and the date of initial damage between October 2023 and September 2024.
    Yin et al (2025)

    In the south of the territory, where most greenhouses were found, the destruction was fairly steady from December 2023 onwards.

    But in north Gaza and Gaza City, the two most northerly of the territory’s five governorates, most of the damage had already taken place by November and December 2023. By the end of our study period, all 578 greenhouses there had been destroyed.

    North Gaza and Gaza City have also seen the most damage to tree crop fields. By September 2024, over 90% of all tree crops in Gaza City had been destroyed, and 73% had been lost in north Gaza. In the three southern governorates, Khan Younis, Deir al-Balah and Rafah, around 50% of all tree crops had been destroyed.

    Agricultural damage is common in armed conflict, and has been documented with satellite analysis in Ukraine since the 2022 Russian invasion, in Syria and Iraq during the ISIS occupation in 2015, and in the Caucasus during the Chechen wars in the 1990s and 2000s.

    The exact impact can differ from conflict to conflict. War may directly damage lands, as we have seen in Gaza, or it may lead to more fallow areas as infrastructure is damaged and farmers are forced to flee. A conflict also increases the need for local agricultural production, especially when food imports are restricted.

    Our assessment shows a very high rate of direct and extensive damage to Gaza’s agricultural system, both compared to previous conflict escalations there in 2014 and 2021, and in other conflict settings. For example, during the July-August war in 2014, around 1,200 greenhouses were damaged in Gaza. This time round at least three times as many have been damaged.

    Agricultural attacks are unlawful

    Attacks on agricultural lands are prohibited under international law. The Rome Statute of the International Criminal Court from 1998 defines the intentional use of starvation of civilians through “depriving them of objects indispensable to their survival” as a war crime. The Geneva conventions further define such indispensable objects as “foodstuffs, agricultural areas for the production offoodstuffs, crops, livestock, drinking water installations and supplies and irrigation works”.

    Our study provides transparent statistics on the extent and timing of damage to Gaza’s agricultural system. As well as documenting the impacts of the war, we hope it can help the massive rebuilding efforts that will be required.

    Restoring Gaza’s agricultural system goes beyond clearing debris and rubble, and rebuilding greenhouses. The soils need to be cleaned from possible contamination. Sewage and irrigation infrastructure need to be rebuilt.

    Such efforts may take a generation or more to complete. After all, olive and citrus trees can take five or more years to become productive, and 15 years to reach full maturity. After previous attacks on Gaza the trees were mostly replanted, and perhaps the same will happen again this time. But it’s for good reason they say that only people with hope for the future plant trees.

    Lina Eklund receives funding from the Swedish National Space Agency and the Strategic Research Area: The Middle East in the Contemporary World (MECW) at the Centre for Advanced Middle Eastern Studies, Lund University, Sweden.

    He Yin receives funding from NASA.

    Jamon Van Den Hoek receives funding from NASA.

    ref. Gaza: we analysed a year of satellite images to map the scale of agricultural destruction – https://theconversation.com/gaza-we-analysed-a-year-of-satellite-images-to-map-the-scale-of-agricultural-destruction-248796

    MIL OSI – Global Reports

  • MIL-OSI USA: HSI Newark supports New Jersey Attorney General in taking down large-scale diesel fuel theft ring on the East Coast

    Source: US Immigration and Customs Enforcement

    NEWARK, N.J. — After an investigation led by Homeland Security Investigations (HSI) Newark with state and local partners, 25 people and four companies were charged for their alleged roles in a multimillion-dollar scheme that used stolen credit card information to fraudulently purchase tens of thousands of gallons of diesel fuel and then resell it to trucking companies and other fuel providers.

    “The success of this operation is a true testament to our valued partnership with the New Jersey Attorney General’s Office,” HSI Newark acting Special Agent in Charge Spiros Karabinas said. “Together we targeted members of a criminal organization suspected of using stolen credit card information to purchase diesel fuel along the East Coast and ensured many fraudsters faced justice.”

    As alleged, the enterprise operated in New Jersey, Pennsylvania, New York, Connecticut, and Massachusetts, using credit card “skimmers” that stole financial information from credit and debit cards to create “cloned” cards that were used to make fraudulent fuel purchases. Various vehicles — some having been modified with auxiliary tanks to illegally transport fraudulently purchased diesel fuel — were loaded up with the stolen fuel and delivered it to customers, earning the enterprise illicit profits of $3.4 million during the time period of the investigation.

    “These defendants allegedly developed a sophisticated system for stealing credit card information from unsuspecting victims and then used that information to make new, fraudulent cards, which they used to buy diesel fuel,” said New Jersey Attorney General Platkin. “That fuel was then allegedly sold to trucking companies and other fuel providers. Working with our local law enforcement partners, we will always be on the lookout for financial frauds and protect the public from these schemes.”

    HSI Newark and the Office of the Attorney General partnered with the New Jersey Division of Criminal Justice (DCJ), the Camden County Prosecutor’s office and the Gloucester Township Police Department in the investigation into the criminal organization resulting in the charges.

    According to the investigation, in October 2023, DCJ detectives received information from the Camden County Prosecutor’s Office and Gloucester Township Police Department about an alleged diesel fuel theft enterprise operating throughout New Jersey. Participants allegedly placed skimming devices on various gas pumps when the gas stations were closed. A skimming device is a card reader that is surreptitiously placed in a location where individuals will insert their credit or debit cards and records the user’s information.

    The investigation revealed that the enterprise possessed “master” keys that unlocked gas pumps, permitting them to install the skimmers inside. Some of the skimmers recovered included stolen information from victims who had used the affected gas pumps. Those devices and other electronic devices recovered during the investigation showed that the enterprise allegedly stole credit card information from thousands of victims from New Jersey and surrounding states.

    The stolen financial information was allegedly used to create “cloned” cards that were used to purchase diesel fuel from other gas stations. Approximately 500 cloned cards were recovered from enterprise members during arrests by law enforcement. After purchasing the fuel, they would then deliver the fuel to trucking companies in exchange for payment. No member of the enterprise is registered with the state to sell diesel fuel.

    Additional partners in the investigation include New Jersey’s Elizabeth, Bordentown, Mahwah, Roxbury Township, Mantua, Franklin Township, Cranford Township and Kearny police departments, the Union County Prosecutor’s Office – Cyber Crimes Taskforce. Out of state partners include the Bristol and Lancaster City police departments in Pennsylvania, the Colchester Police Department in New York, the East Lyme Police Department in Connecticut plus the New York, Pennsylvania and New Hampshire State Police. Miami-Dade Police Department, Broward County Sheriff’s Office, and Palm Beach County Sheriff’s Office in Florida and the Texas Department of Public Safety assisted with the arrests.

    Charges are merely accusations, and all defendants are presumed innocent unless and until proven guilty in a court of law.

    Follow us on X, formerly known as Twitter, at @HSINewark to learn more about HSI’s global missions and operations.

    MIL OSI USA News

  • MIL-OSI USA: New York Man faces new charges for financial fraud following HSI Buffalo investigation

    Source: US Immigration and Customs Enforcement

    ROCHESTER, N.Y. — A New York man who pleaded guilty to federal wire fraud in April 2024 faces new charges after an investigation by Homeland Security Investigations (HSI) Buffalo.

    Timothy Siverd, 37, of Webster, was arrested and charged by criminal complaint with wire fraud, access device fraud, and aggravated identity theft, which carry a maximum penalty of 20 years in prison and a $250,00 fine, the U.S. District Court for the District of Western New York announced Jan. 16, 2025.

    “Our investigation shows Siverd, who is currently awaiting sentencing for involvement in another financial fraud scheme, allegedly continued to indulge his greed through additional involvement in fraudulent activities,” said HSI Buffalo Special Agent in Charge Erin Keegan. “Together with our partner, the Monroe County Sheriff’s Office, we take the complaint against Siverd seriously and aim to bring justice to victims of financial fraud schemes.”

    According to the investigation, in August 2024, an individual reported to law enforcement that Siverd, who owns ROC Scrubby, was using the cleaning company to over-bill customers in excess of tens of thousands of dollars. The individual, an employee of ROC Scrubby, stated that as her employment carried on, she gradually started to hear more and more complaints from customers that they were being over-billed or double-billed for services, or billed for work that was never performed. She also stated that Siverd was able to over-bill customers using the BookingKoala app, which granted Siverd access to each customer’s credit or debit card information. In addition, the individual stated that Siverd would claim to fix the issue and refund money, but customers stated that he would either not refund the money, give a partial refund, or give a full refund only to again over-bill the customers on a later date. The employee knew of at least five customers who were overbilled so often that they changed their credit or debit card numbers to stop it. The employee also reported other suspicious activity of Siverd’s to law enforcement.

    In April 2024, Siverd pleaded guilty to federal wire fraud for his involvement in another financial fraud scheme and is awaiting sentencing on that charge.

    The fact that a defendant has been charged with a crime is merely an accusation and the defendant is presumed innocent until and unless proven guilty.

    MIL OSI USA News

  • MIL-OSI USA: Jeweler sentenced to 30 months for multimillion-dollar international trade fraud scheme following a multi-agency investigation

    Source: US Immigration and Customs Enforcement

    NEWARK, N.J. — Homeland Security Investigations (HSI) Newark led an investigation with law enforcement partners spanning from India to New York and New Jersey, resulting in the discovery of a jeweler running a multimillion-dollar international trade fraud scheme and unlicensed money transmitting.

    Monishkumar Kirankumar Doshi Shah, a/k/a “Monish Doshi Shah” (Shah), 40, of Mumbai, India and Jersey City, New Jersey, who operated jewelry companies in New York City’s Diamond District was sentenced to 30 months for spearheading a scheme to illegally evade customs duties for more than $13.5 million of jewelry imports into the United States and for illegally processing more than $10.3 million through an unlicensed money transmitting business. He previously pleaded guilty at the U.S. District Court for the District of New Jersey to a two-count Information charging him with conspiracy to commit wire fraud and operating and aiding and abetting the operation of an unlicensed money transmitting business.

    “Monishkumar Kirankumar Doshi Shah disregarded our nation’s trade laws and defrauded the U.S. government of millions of dollars in customs duties through his brazen international financial fraud scheme,” said HSI Newark acting Special Agent in Charge Sprios Karabinas. “Through HSI’s investigation, we were able to uncover the mislabeled tracks of jewelry shipments and illegal transactions Shah hoped to conceal. We are thankful for the collaboration with partners across the globe who helped us bring this case to successful prosecution.”

    According to the investigation, from approximately December 2019 to approximately April 2022, Shah engaged in a scheme to evade duties for shipments of jewelry from Turkey and India to the United States. Shah would ship and/or instruct his co-conspirators to ship goods from Turkey or India — which would have been subject to an approximately 5.5% duty if shipped directly to the United States — to one of Shah’s companies in South Korea. Shah’s co-conspirators in South Korea would change the labels on the jewelry to state that they were from South Korea instead of Turkey or India, and then ship them to Shah or his customers in the United States, thereby unlawfully evading the duty. Shah would also make and instruct his customers to make fake invoices and packing lists to make it look like Shah’s South Korean companies were actually ordering jewelry from Turkey or India. Shah also instructed a third-party shipping company to provide false information to U.S. Customs and Border Protection concerning the origin of the jewelry. During the scheme, Shah shipped approximately $13.5 million of jewelry from South Korea to the United States without paying the appropriate duty.

    In addition, from approximately July 2020 through approximately November 2021, Shah owned and/or operated numerous jewelry companies in New York City’s Diamond District, including MKore LLC, MKore USA Inc, and Vruman Corp. Shah used these entities to conduct more than $10.3 million in illegal financial transactions for customers — including converting cash to checks or wire transfers. Shah would also collect cash from customers and use other individuals’ jewelry companies to convert the cash into wires or checks. At times, Shah and other members of the money transmitting business moved hundreds of thousands of dollars in a single day. In exchange for their services, certain members of the money transmitting business charged a fee. None of Shah’s or his associates’ companies were registered as money transmitting businesses with New York, New Jersey, or the Financial Crimes Enforcement Network.

    In addition to the prison term, Judge Salas ordered restitution in the amount of $742,500 for the wire fraud scheme and forfeiture in the amount of $11,126,982.33 for the wire fraud and unlicensed money transmitting schemes. In addition, the Court imposed a two-year term of supervised release.

    HSI Newark partnered with HSI New York, the Internal Revenue Service – Criminal Investigation in Newark, the U.S. Customs and Border Protection in the investigation leading to the sentence. International partners included the HSI attaché office in Seoul, and the Korea Customs Service, the Seoul Customs Special Investigation Office in South Korea. The DEA, the Parsippany -Troy Hills Police Department, the Morristown Police Department, the Federal Deposit Insurance Corporation – Office of Inspector General and the Justice Department’s Money Laundering and Asset Recovery Section assisted in the investigation.

    Follow us on X, formerly known as Twitter, at @HSINewark to learn more about HSI’s global missions and operations.

    MIL OSI USA News

  • MIL-OSI USA: HSI Los Angeles special agents arrest 8 in customs fraud scheme involving goods from China

    Source: US Immigration and Customs Enforcement

    LOS ANGELES — HSI Los Angeles has arrested eight individuals for their part in an internal conspiracy among logistic companies’ executives, warehouse owners and truck drivers to smuggle hundreds of millions of dollars’ worth of counterfeit and other illegal goods from China into the United States via the Ports of Los Angeles and Long Beach.

    The 15-count indictment, returned last month and unsealed on Jan. 24, charges nine defendants with conspiracy, smuggling and breaking customs seals. The defendants allegedly took containers flagged for off-site secondary inspection, unloaded the contraband, then stuffed the targeted containers with filler cargo to deceive customs officials and evade law enforcement.

    According to the indictment, a search of one warehouse used by the group led to the seizure in June 2024 of $20 million worth of counterfeit items including shoes, perfume, luxury handbags, apparel and watches.

    Seven defendants were arrested on Jan. 24, an eighth was taken into custody on Jan. 25, and one defendant is a fugitive. A trial date was scheduled for March 18. The eighth defendant, who was arrested on unrelated state charges, is expected to be arraigned in federal court in the coming days.

    “Homeland Security Investigations (HSI) Los Angeles and its partners are committed to enforcing customs laws and practices, facilitating legitimate trade, and protecting the integrity of the nation’s supply chain,” said HSI Los Angeles Special Agent in Charge Eddy Wang. “The $1.3 billion dollars’ worth of contraband seized during the investigation into this type of scheme illuminates how complex smuggling schemes try to exploit our legitimate trade practices and the American consumer.”

    The 15-count indictment details a conspiracy to coordinate the shipment of large quantities of contraband from China to the United States through the Port of Los Angeles from at least August 2023 to June 2024. The individuals arrested are:

    • Hexi Wang, 32, of El Monte, who manages K&P International Logistics LLC, a City of Industry-based company that hires commercial truckers to transport shipping containers from the Port of Los Angeles;
    • Jin “Mark” Liu, 42, of Irvine, the owner of K&P International Logistics LLC and who managed the finances of one of the warehouses where contraband was unloaded and issued payments to truck drivers who transported smuggled goods;
    • Dong “Liam” Lin, 31, of Hacienda Heights, who — along with Zheng — controlled and operated one of the contraband warehouses;
    • Marck Anthony Gomez, 49, of West Covina, the owner and operator of Fannum Trucks LLC, a West Covina-based company that coordinated the movement of shipping containers from the Port of Los Angeles, including large shipments of contraband smuggled into the United States from China;
    • Andy Estuardo Castillo Perez, 32, of Apple Valley, a driver for M4 Transportation Inc., a Carson-based company that transports shipping containers from the Port of Los Angeles;
    • Jesse James Rosales, 41, of Apple Valley, who coordinated truckers from the ports to warehouses;
    • Daniel Acosta Hoffman, 41, of Hacienda Heights, worked with Rosales to bring cargo containers from the Port of Los Angeles to warehouses; and
    • Galvin Biao Liufu, 33, of Ontario, directed and managed truck drivers to bring the contraband into the warehouses.

    According to the indictment, Wang, Liu and others maintained and operated warehouses to store, conceal and sell large amounts of contraband goods that were illegally imported into the United States from China. When the contraband containers were selected by U.S. Customs and Border Protection (CBP) for inspection, the defendants hired commercial truck drivers to transport the containers from the Port of Los Angeles to locations that the conspirators controlled, including warehouses in the City of Industry that were controlled or managed by Zheng, Wang and others.

    At these locations, co-conspirators broke the security seals on the shipping containers and removed the contraband from inside. Then, they affixed counterfeit security seals onto the containers to conceal that cargo had been removed from them. After emptying some of the cargo and re-securing the containers with counterfeit seals, Wang and others then directed co-conspirators to transport the containers to CBP-authorized locations for the remaining cargo to be presented to customs officials for inspection.

    Wang, Liu and others paid fees to co-conspirators, including Gomez and Castillo Perez, that were substantially above normal trucking fees to transport the contraband shipping containers.

    To date, law enforcement has seized more than $1.3 billion worth of counterfeit goods associated with this and similar seal-swapping schemes.

    If convicted of all charges, the defendants would face a statutory maximum sentence of five years in federal prison for each conspiracy count, up to 10 years in federal prison for each count of breaking customs seals, and up to 20 years in prison for each smuggling count.

    Anyone with information on alleged customs fraud are encouraged to call the HSI Tip Line at 877-4-HSI-TIP.

    Learn more about HSI’s mission to protect the U.S. economy in your community on X, formerly known as Twitter, at @HSILosAngeles.

    MIL OSI USA News