Category: Economy

  • MIL-OSI USA: Pressley Applauds Student Debt Cancellation for 60,000 Additional Public Service Workers

    Source: United States House of Representatives – Congresswoman Ayanna Pressley (MA-07)

    Biden-Harris Admin. Has Now Cancelled Debt for Over 1 Million Public Service Workers, Including Over 22,000 in Massachusetts

    Under Project 2025, Public Service Loan Forgiveness Would Be Eliminated, Forcing 3.6M Workers to Pay $250B in Additional Debt

    BOSTON – Congresswoman Ayanna Pressley (MA-07) applauded the Biden-Harris Administration’s approval of approximately $4.5 billion in additional student debt cancellation for approximately 60,000 workers nationwide who work in public service. This relief, which is the result of significant fixes that the Administration has made to the Public Service Loan Forgiveness (PSLF) Program, brings the total loan forgiveness approved by the Administration to over $175 billion for more than 4.8 million Americans, which includes more than $73 billion for over one million borrowers through PSLF, including over 22,000 public service workers in Massachusetts.

    “Thanks to the improvements President Biden, Vice President Harris and Secretary Cardona have made to PSLF, over one million public service workers—including educators, nurses, first-responders, and more—have now received the life-changing and life-saving student debt relief they deserve,” said Congresswoman Pressley in a statement. “This program is an essential one that benefits not only borrowers but our communities writ large but helping to keep skilled and dedicated professionals in public service and recognizing our commitment to economic justice and educational opportunity. With Project 2025 threatening to eliminate PSLF and saddle borrowers in Massachusetts and across the country with billions in additional student loan debt, I’ll keep pushing to prevent that agenda from becoming reality and continue working to deliver this transformative relief to as many borrowers as possible.”

    More information on the Biden-Harris’ announcement is available here.

    Earlier this month, Rep. Pressley, co-founder of the Stop Project 2025 Task Force, joined the Student Borrower Protection Center (SBPC) and President of the American Federation of Teachers Randi Weingarten to unveil a groundbreaking state-by-state analysis quantifying the harm that Project 2025’s elimination of the PSLF would wreak on millions of workers. Under Project 2025, 3.6 million public service workers, including 78,000 in Massachusetts, would be forced to pay an additional $250 billion in student loan debt over the next decade.

    Rep. Pressley has been a leading voice in Congress urging President Biden to cancel student debt. Following years of advocacy by Rep. Pressley—in partnership with colleagues, borrowers, and advocates—the Biden-Harris Administration announced a historic plan to cancel student debt that stands to benefit over 40 million people. She has consistently helped borrowers access student debt cancellation resources, including PSLF, and she was proud to welcome a union educator and PSLF recipient as her guest to President Biden’s State of the Union Address in March.

    As a member of the House Oversight Committee, Rep. Pressley has repeatedly sounded the alarm on Project 2025, a bucket list extremist policies that would uproot every government agency and disrupt the lives of every person who calls America home.

    • On October 2, 2024, Rep. Pressley joined borrowers and advocates to unveil new state-by-state data quantifying the harm that Project 2025 would have on millions of public service workers nationwide.
    • On September 10, 2024, Rep. Pressley joined Senator Warren and Rep. Jim Clyburn in urging the U.S. Department of Education to consider terminating its contract with student loan servicer MOHELA.
    • On August 29, Rep. Pressley issued a statement following the Supreme Court’s refusal to reinstate President Biden’s Saving on a Valuable Education (SAVE) student debt relief program.
    • On August 9, 2024, Rep. Pressley joined Senator Warren, Representative Dean, and their colleagues urging student loan servicer Navient to reform its flawed process to cancel the private student loans of borrowers who attended fraudulent, for-profit colleges.
    • On June 25, 2024, Rep. Pressley issued a statement on federal judges in Missouri and Kansas siding with Republican states to block portions of President Biden’s Saving on a Valuable Education (SAVE) student debt relief program. 
    • On June 25, 2024, Rep. Pressley colleagues, borrowers, and advocates urged the Biden Administration to terminate the contract of federal student loan servicer MOHELA. Their calls follow MOHELA’s repeated failure to perform basic loan servicing functions and ongoing harm caused by MOHELA to student loan borrowers.
    • On May 20, 2024, Rep. Pressley, along with Reps. Omar, Clyburn and Wilson, led their colleagues in urging the U.S. Department of Education to ensure its proposed student debt relief rule is implemented in the most effective and efficient manner possible for millions of borrowers.
    • On May 1, 2024, Rep. Pressley issued a statement applauding the Biden Administration’s approval of student loan discharge for 317,000 borrowers who attended The Art Institutes, including over 3,500 borrowers in Massachusetts.
    • On April 14, 2024, Rep. Pressley applauded President Biden’s approval of an additional $7.4 billion in student debt cancellation for 277,000 borrowers.
    • On April 8, 2024, Rep. Pressley hailed President Biden’s announcement of new plans to provide student debt relief for tens of millions of borrowers across the country.
    • On March 21, 2024, Rep. Pressley applauded the Biden-Harris Administration’s approval of $5.8 billion in additional student loan debt cancellation for 77,700 public service workers.
    • On March 20, 2024, Rep. Pressley and Senator Elizabeth Warren led their colleagues in calling on federal agencies to end the practice of offsetting Social Security benefits to pay off defaulted student loans.
    • On March 7, 2024, Rep. Pressley welcomed Priscilla Higuera Valentine, a first generation American, a proud union educator with Boston Public Schools and the Boston Teachers Union, and the daughter of a Colombian immigrant, who has received over $117,000 in student debt relief under the Biden-Harris Administration’s improved Public Service Loan Forgiveness (PSLF) Program, as her guest to President Biden’s State of the Union Address.
    • On February 23, 2024, Rep. Pressley applauded the Biden-Harris Administration’s approval of $1.2 billion in student debt cancellation for nearly 153,000 borrowers nationwide, including $19.5 million in cancellation for 2,490 Massachusetts borrowers.
    • On January 26, 2024, Rep. Pressley and Senator Elizabeth Warren (D-MA) led their colleagues in calling on the Secretary of Education Miguel Cardona to host a fourth session of the student debt negotiated rulemaking to consider relief for borrowers experiencing financial hardship. She applauded ED’s announcement that it would heed their calls.
    • On December 11, 2023, Rep. Pressley testified at the U.S. Department of Education’s final hearing on student debt cancellation.
    • On December 11, 2023, Rep. Pressley and Senator Elizabeth Warren (D-MA), along with Senators Chuck Schumer (D-NY), Bernie Sanders (I-VT), Alex Padilla (D-CA), and Representatives Ilhan Omar (MN-05) and Frederica Wilson (FL-24), sent a letter to U.S. Secretary of Education Miguel Cardona, urging him to leverage his existing and full authority under the Higher Education Act to provide expanded student debt relief to working and middle-class borrowers. 
    • On November 30, 2023, Rep. Pressley emphasized the crucial role of the Consumer Financial Protection Bureau (CFPB) in protecting student loan borrowers from incompetent and predatory student loan servicers.
    • On November 6, 2023, Rep. Pressley joined Attorney General Andrea Campbell, Mayor Michelle Wu, and Senator Elizabeth Warren (D-MA) for a clinic to help federal student loan borrowers access a temporary opportunity to get closer to Public Service Loan Forgiveness (PSLF). 
    • On September 25, 2023, Rep. Pressley hosted a policy discussion with borrowers and advocates at which they renewed their urgent call for student debt cancellation with loan payments set to resume on October 1, 2023.
    • On August 23, 2023, Rep. Pressley, Sen. Warren, and their colleagues led over 80 lawmakers in a letter to President Joe Biden, urging him to swiftly deliver on his promise to deliver student debt cancellation to working and middle class families by early 2024. 
    • On August 22, 2023 Rep. Pressley applauded Governor Maura Healey’s plan to provide student debt relief for health care workers in Massachusetts. 
    • On June 30, 2023, Rep. Pressley responded to the President’s alternative proposal to deliver relief under the Higher Education Act and called for swift and efficient implementation.
    • On June 30, 2023, Rep. Pressley issued a statement slamming the Supreme Court’s decision to block President Biden’s student debt cancellation plan and calling on the President to use other tools available to swiftly cancel student debt.
    • On May 30, 2023, Rep. Pressley filed an amendment to H.R. 3746, legislation to raise the debt ceiling, to protect student loan borrowers and preserve the Biden Administration’s pause on federal student loan payments.
    • On May 24, 2023, Rep. Pressley issued a statement slamming Republicans’ harmful effort to overturn President Biden’s student debt relief, including his debt cancellation plan, the pause on student loan payments, and the expanded Public Service Loan Forgiveness (PSLF) program.
    • On May 24, 2023, Rep. Pressley delivered a powerful speech in support of President Biden’s plan to cancel student debt, which would benefit millions of people across the country.
    • On April 5, 2023, Rep. Pressley and Senator Elizabeth Warren wrote to the CEO of SoFi Technologies and SoFi Lending Corp calling on the company to answer for its lawsuits attempting to end the student loan payment pause and force borrowers back into repayment.
    • On March 7, 2023, Rep. Pressley, along with Sens. Warren, Schumer, Sanders, Padilla and Reps. Clyburn, Omar and Wilson led a letter to the Biden Administration expressing continued support for President Biden’s student debt relief plan.
    • On February 28, 2023, Rep. Pressley rallied with borrowers and advocates outside the Supreme Court to call on the Supreme Court to affirm the legality of President Biden’s student debt cancellation plan.
    • On November 22, 2022, Rep. Pressley issued a statement applauding the extension of the student loan payment pause.
    • On October 25, 2022, Rep. Pressley and Senator Warren toured communities across Massachusetts to celebrate the Biden administration’s student debt cancellation plan and help residents sign up for student loan relief.
    • On October 12, 2022, Rep. Pressley joined parent borrowers and advocates for a discussion on the impacts of student debt cancellation on parents and families.
    • On September 29, 2022, Rep. Pressley, along with Senate Majority Leader Schumer and Reps. Omar, Jones and advocates, held a press conference to call for swift and equitable implementation of President Biden’s student debt cancellation plan.
    • On September 21, 2022, Rep. Pressley delivered a powerful speech on the House floor in which she heralded President Biden’s action to cancel student debt for millions of families in the Massachusetts 7th and across the nation. Watch the full video here.
    • On September 12, 2022, Rep. Pressley and Senator Warren wrote to the nine federal student loan servicers to inquire about how they are providing borrowers with accurate and timely information about student loan cancellation.
    • On August 24, 2022, Congresswoman Pressley issued a statement applauding President Biden’s action to cancel student debt.
    • On August 10, 2022, Congresswoman Pressley and Senator Warren Massachusetts joined Massachusetts union leaders in Dorchester for a roundtable discussion on student debt cancellation.
    • On July 18, 2022, Congresswoman Pressley delivered remarks at the American Federation of Teachers (AFT) national convention and renewed her calls for President Biden to cancel student debt by executive action.
    • On July 8, 2022, Congresswoman Pressley with The Debt Collective hosted a virtual roundtable with student debt holders from all walks of life to highlight the intersectional burden the nearly $2 trillion student debt crisis has had on individuals and families. 
    • On June 22, 2022, Congresswoman Ayanna Pressley, with Senator Elizabeth Warren and Senate Majority Leader Chuck Schumer, joined AFL-CIO and union leaders for a roundtable discussion on the importance of student debt cancellation for American workers.
    • On May 20, 2022, Congresswoman Pressley applauded the Congressional Black Caucus’ (CBC) statement calling on President Biden to cancel student loan debt.
    • On May 4, 2022, Congresswoman Pressley visited Bunker Hill Community College to celebrate the $1 million in federal community project funding she secured and continued her calls for President Biden to cancel student debt.
    • On March 17, 2022, Congresswoman Pressley and Arisha Hatch, vice president and chief of campaigns at Color of Change, published an op-ed in Grio calling on President Biden to use his executive order authority to cancel up to $50,000 in student loan debt per borrower.
    • On December 8, 2021, Congresswoman Ayanna Pressley, Senator Elizabeth Warren, and Senate Majority Leader Chuck Schumer sent a bicameral letter to President Joe Biden releasing new data about the adverse impact of restarting student loan payments and calling on him to act to cancel up to $50,000 of student debt.
    • On December 2, 2021, Congresswoman Pressley delivered remarks on the House floor in which she reiterated her calls for President Biden to cancel $50,000 in federal student loan debt by executive action.
    • On October 8, 2021, Representatives Ayanna Pressley and Ilhan Omar and their House colleagues sent a letter to President Biden and Secretary of Education Miguel Cardona urging him to release the memo to determine the extent of the administration’s authority to broadly cancel student debt through administrative action.
    • On July 29, 2021, Congresswoman Pressley issued a statement reaffirming President Biden’s authority – and the urgency – to cancel student loan debt.
    • On June 23, 2021, Congresswoman Ayanna Pressley, Senator Elizabeth Warren, Senate Majority Leader Chuck Schumer, and Congressman Joe Courtney led their colleagues on a bicameral letter to President Biden calling on him to extend the pause on federal student loan payments.
    • On April 13, 2021, Congresswoman Pressley testified at a Senate Banking, Housing, and Urban Affairs Committee’s Subcommittee on Economic Policy hearing to examine the student loan debt crisis in our country.
    • On April 1, 2021, Congresswoman Pressley, along with Senator Elizabeth Warren and Massachusetts Attorney General Maura Healey, held a press conference calling on President Biden to tackle the student loan debt crisis.
    • On February 4, 2021, Congresswoman Pressley, along with several Democratic House and Senate leaders, led their colleagues in reintroducing a bicameral resolution outlining a bold plan for President Biden to tackle the student loan debt crisis. 
    • On December 17, 2020, Representatives Ayanna Pressley, Ilhan Omar, Maxine Waters, and Alma Adams introduced a resolution outlining a bold plan for President-elect Joe Biden to cancel up to $50,000 in Federal student loan debt for student loan borrowers.
    • On December 10, 2020, Congresswoman Pressley was in Yahoo Finance urging the Biden administration to cancel student debt, stressing the impact on Black borrowers.
    • On May 8, 2020, Representatives Ayanna Pressley, Alma Adams, and Ilhan Omar, led 28 of their colleagues and sent a letter to House Speaker Nancy Pelosi and House Minority Leader Kevin McCarthy calling for the universal, one-time, student debt cancellation of at least $30,000 per borrower in the next round of COVID-19 relief legislation.
    • On March 23, 2020, Representatives Ayanna Pressley and Ilhan Omar introduced the Student Debt Emergency Relief Act, legislation that provides immediate monthly payment relief for federal student loan borrowers.
    • On March 17, 2020, Congresswoman Ayanna Pressley and Senator Elizabeth Warren were on The Hill calling on congressional leadership to include student debt cancellation in the next coronavirus relief package.
    • On October 11, 2019, Congresswoman Pressley introduced legislation – the Ending Debt Collection Harassment Act – to protect consumers from abusive debt collection.
    • On July 17, 2019, Congresswomen Pressley introduced legislation – the Student Borrower Credit Improvement Act – to provide much needed support to private student loan borrowers with a pathway to financial stability by helping them improve their credit.

    ###

    MIL OSI USA News

  • MIL-OSI Canada: Canada announces tariff remission process for Canadian businesses importing certain Chinese goods

    Source: Government of Canada News (2)

    News release

    October 18, 2024 – Ottawa, Ontario – Department of Finance Canada

    Canadian workers, the auto sector, the steel and aluminum industries, and related critical manufacturing supply chains are threatened by unfair competition from Chinese producers, who benefit from China’s intentional, state-directed policy of overcapacity and oversupply, as well as its lack of rigorous labour and environmental standards. The federal government has recently implemented a suite of tariffs (also known as surtaxes) on certain Chinese imports to level the playing field and protect Canada’s workers and businesses from China’s unfair trade policies. These include:

    Today, the federal government launched the process for Canadian businesses to request remission of surtaxes on electric vehicles (EVs) and steel and aluminum imported from China. Remission would also be available for potential surtaxes on critical manufacturing sector products. To ensure that Canadian industry has sufficient time to adjust supply chains, remission will provide relief from the payment of surtaxes, or the refund of surtaxes already paid, under specific and exceptional circumstances.

    The federal government is offering this relief in recognition of the potential challenges that Canadian industry faces as the result of adjusting supply chains in a timely manner. Remission from applicable surtaxes would be provided in compelling circumstances in line with the rationale behind the application of the surtaxes—leveling the playing field for Canadian workers and businesses. The government is ensuring Canadian workers and businesses are not unduly burdened by surtaxes on imports from China.

    Accordingly, the federal government will consider requests for remission of surtaxes to address the following circumstances:

    • Situations where goods used as inputs, or substitutes for those goods, cannot be sourced either domestically or reasonably from non-Chinese sources;
    • Where there are contractual requirements, existing prior to August 26, 2024, requiring Canadian businesses to purchase Chinese inputs into their products or projects for a specified period of time; and,
    • Other exceptional circumstances, on a case-by-case basis, that could have significant adverse impacts on the Canadian economy.

    Remission will not be granted for goods intended for resale in the same condition to the United States.

    The federal government will consider the appropriate duration of remission, with intent to provide it on a transitional basis only in most cases, as supply chains adjust and may also be applied retroactively to the date of implementation of the surtaxes.  

    Should the government decide to impose additional surtaxes on other goods, such as critical manufacturing sector products, the remission process would become available for those goods.

    Remission requests and related inquiries can be submitted to remissions-remises@fin.gc.ca. Submissions received before November 8, 2024, will be processed on a priority basis, with subsequent submissions to be processed thereafter. Further details are available in the Public Notice for Remission.

    Quotes

    “We are moving in lock-step with key international partners to level the playing field for Canadian workers and businesses by protecting them from China’s intentional, state-directed policy of overcapacity and oversupply, which is undermining Canada’s ability to compete in domestic and global markets. Our government recognizes the challenges that Canadian businesses face in adjusting their supply chains away from Chinese imports, which is why we are providing remission relief as they work to secure imports from our trusted trading partners.”

    – The Honourable Chrystia Freeland,
    Deputy Prime Minister and Minister of Finance

    “Canada is well positioned to lead in the electric vehicle supply chain thanks to its skilled workforce, abundance of critical minerals and innovative capabilities. That is why our government has taken decisive action to protect Canadian workers and investments from unfair trade policies.”

    – The Honourable Mary Ng,
    Minister of Export Promotion, International Trade and Economic Development

    “The auto supply chain in Canada supports nearly 550,000 direct and indirect jobs, and automotive is one of the country’s largest export industries. We’re securing the fair, prosperous future Canadians deserve by imposing tough tariffs and making sure our workers, from the steel to the auto sector to various key manufacturing sectors, have the flexibility they require to stay competitive. That’s how we’ll protect our industries, secure jobs, support communities and  keep building the products Canada, and its partners, need.”

    – The Honourable François-Philippe Champagne,
    Minister of Innovation, Science and Industry

    “Today, we are taking further action to level the playing field for Canadian workers in the face of China’s unfair, non-market practices. By providing relief from surtaxes, we are helping Canadian businesses foster home-grown clean technology and electric vehicle supply chains—from critical minerals to batteries and electric vehicles. As countries around the world increasingly look for a reliable supplier of green products, Canadian workers and businesses will be front and centre in seizing the economic opportunity this demand presents.”

    – The Honourable Jonathan Wilkinson,
    Minister of Energy and Natural Resources

    Quick facts

    • Under section 115 of the Customs Tariff, the Governor in Council may waive duties, including surtaxes, on the recommendation of the Minister of Finance.  

    • The 100 per cent tariff on Chinese EVs is in addition to the Most-Favoured Nation import tariff of 6.1 per cent that will continue to apply to EVs produced in China and imported into Canada.

    • Since 2020, China has emerged as the largest manufacturer and exporter of EVs in the world, and its capacity continues to grow, as a result of policies such as extensive state subsidies and other non-market practices. In 2023, China’s annual EV exports totaled $47.2 billion, up from $0.2 billion in 2018. 

      • China’s unfair trade practices include weak standards across EV supply chains, including poor labour standards, a lack of environmental protections, and trade policies supporting oversupply.
    • Despite softening global demand, China has increased its steelmaking capacity by 18.6 million metric tonnes (more than Canada’s total production capacity) since 2018, making it the world’s largest steelmaker with over 1 billion metric tonnes produced in 2023.  Similarly, China’s primary aluminum capacity has grown from 11 per cent of global production share to 59 per cent over the last two decades, with the government investing up to $70 billion between 2013-2017 alone, according to the OECD.

    • Key likeminded trading partners have identified similar concerns with Chinese policies and practices in sectors critical in the net-zero transition, including the commitment from G7 Leaders in June 2024 to “acting together to promote economic resilience, confront non-market policies and practices that undermine the level playing field and our economic security, and strengthen our coordination to address global overcapacity challenges.”

    Associated links

    Contacts

    Media may contact:

    Katherine Cuplinskas
    Deputy Director of Communications
    Office of the Deputy Prime Minister and Minister of Finance
    Katherine.Cuplinskas@fin.gc.ca

    Media Relations
    Department of Finance Canada
    mediare@fin.gc.ca
    613-369-4000

    General enquiries

    Phone: 1-833-712-2292
    TTY: 613-369-3230
    E-mail: financepublic-financepublique@fin.gc.ca

    Stay Connected

    MIL OSI Canada News

  • MIL-OSI Security: Raytheon Company to Pay Over $950 Million in Connection with Foreign Bribery, Export Control and Defective Pricing Schemes

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

    Raytheon to Pay Approximately $300 Million to Resolve the FCPA and ITAR Investigations in the Eastern District of New York

    BROOKLYN, NY – Raytheon Company (Raytheon), a subsidiary of Arlington, Virginia-based defense contractor RTX (formerly known as Raytheon Technologies Corporation), entered into a three-year deferred prosecution agreement (DPA) with the Department of Justice in connection with a criminal information unsealed today in the Eastern District of New York charging Raytheon with two counts: conspiracy to violate the anti-bribery provision of the Foreign Corrupt Practices Act (FCPA) for engaging in a scheme to bribe a government official in Qatar and conspiracy to violate the Arms Export Control Act (AECA) by willfully failing to disclose the bribes in export licensing applications with the Department of State. 

    Separately, Raytheon will enter into a three-year deferred prosecution agreement (DPA) in connection with a criminal information filed today in the District of Massachusetts charging Raytheon with two counts of major fraud against the United States. As part of that resolution, Raytheon admitted to engaging in two separate schemes to defraud the Department of Defense (DOD) in connection with the provision of defense articles and services, including PATRIOT missile systems and a radar system.

    Both agreements require that Raytheon retain an independent compliance monitor for three years, enhance its internal compliance program, report evidence of additional misconduct to the Justice Department, and cooperate in any ongoing or future criminal investigations. 

    Raytheon also reached a separate False Claims Act settlement with the department relating to the defective pricing schemes. The Justice Department’s FCPA and ITAR resolution is coordinated with the Securities and Exchange Commission (SEC).

    In addition, the Justice Department’s resolutions ensure that the appropriate federal agencies can proceed with determining whether Raytheon or any other individuals or entities associated with the company should be suspended or debarred as federal contractors. Pursuant to the Federal Acquisition Regulations (FAR), when more than one agency has an interest in an entity’s potential suspension or debarment, the FAR requires that the Interagency Suspension and Debarment Committee (ISDC) identify the lead agency for conducting government-wide suspension or debarment proceedings. In connection with this resolution, the Justice Department has referred Raytheon’s factual admissions to the appropriate officials within the Department of Defense to initiate the process with the ISDC to identify which federal agency will take the lead in such administrative proceedings, which occur independently of the Justice Department’s criminal and civil resolutions.

    Breon Peace, United States Attorney for the Eastern District of New York; Kevin Driscoll, Deputy Assistant Attorney General Kevin Driscoll of the Justice Department’s Criminal Division; Matthew G. Olsen, Assistant Attorney General for the Justice Department’s National Security Division; Chad Yarbrough, Assistant Director, Criminal Investigative Division, Federal Bureau of Investigation (FBI) and William S. Walker, Special Agent in Charge, U.S. Department of Homeland Security, Homeland Security Investigations (HSI), New York,  announced the resolution.

    “Over the course of several years, Raytheon employees bribed a high-level Qatari military official to obtain lucrative defense contracts and concealed the bribe payments by falsifying documents to the government, in violation of laws including those designed to protect our national security,” stated United States Attorney Peace.  “We will continue to pursue justice against corruption, and as this agreement establishes, enforce meaningful consequences, reforms and monitorship to ensure this misconduct is not repeated.”

    Mr. Peace expressed his appreciation to the Securities and Exchange Commission (SEC) and the U.S. Department of State for their work on the case.

    “Raytheon engaged in criminal schemes to defraud the U.S. government in connection with contracts for critical military systems and to win business through bribery in Qatar,” stated Deputy Assistant Attorney General Driscoll. “Such corrupt and fraudulent conduct, especially by a publicly traded U.S. defense contractor, erodes public trust and harms the Department of Defense, businesses that play by the rules, and American taxpayers. Today’s resolutions, with criminal and civil penalties totaling nearly $1 billion, reflect the Criminal Division’s ability to tackle the most significant and complex white-collar cases across multiple subject matters.”

    “International corruption in military and defense sales is a violation of our national security laws as well as an anti-bribery offense,” stated Assistant Attorney General Olsen.  “Raytheon willfully failed to disclose bribes made in connection with contracts that required export licenses. Today’s resolution should serve as a stark warning to companies that violate the law when selling sensitive military technology overseas.”

    “The Raytheon Company set out to intentionally defraud the U.S. government,” stated FBI Assistant Director Yarbrough.  “This agreement highlights the importance of integrity when it comes to government contracting. The FBI, with its law enforcement partners, will continue to investigate these types of crimes that waste taxpayer dollars and prosecute all those who are intent on cooking up these major fraud schemes.”

    “Raytheon Corporation engaged in a systematic and deliberate conspiracy that knowingly and willfully violated U.S. fraud and export laws,” stated HSI New York Special Agent in Charge Walker.  “Raytheon’s bribery of government officials, specifically those involved in the procurement of U.S. military technology, posed a national security threat to both the U.S. and its allies. As this investigation reflects, national security continues to be a top priority for HSI New York. The global threats facing the U.S. have never been greater, and HSI New York is committed to working with our federal and international partners to assure sensitive U.S. technologies are not unlawfully and fraudulently acquired.”

    The FCPA Case

    According to admissions and court documents filed in the Eastern District of New York, between approximately 2012 and 2016, Raytheon, through certain of its employees and agents, engaged in a scheme to bribe a high-level official at the Qatar Emiri Air Force (QEAF), a branch of Qatar’s Armed Forces (QAF) that was primarily responsible for the conduct of air warfare, to assist Raytheon in obtaining and retaining business from the QEAF and QAF.  Raytheon entered into and made payments on sham contracts for air defense operations-related studies to corruptly obtain the Qatari official’s assistance in securing certain air defense contracts.  Raytheon also entered into a teaming agreement with a Qatari entity to corruptly obtain the Qatari official’s assistance in directly awarding a contract to Raytheon, without a competitive bid, to build a joint operations center that would interface with Qatar’s several military branches. 

    Under the terms of the DPA, Raytheon will pay a criminal monetary penalty of over $252.3 million, criminal forfeiture of over $36.6 million and retain an independent compliance monitor for three years.  In addition, as part of the resolution of the SEC’s parallel investigation, Raytheon will pay approximately $49.1 million in disgorgement and prejudgment interest and a civil penalty of $75 million, $22.5 million of which will be credited against the criminal monetary penalty.  The Department has agreed to credit approximately $7.4 million of the disgorgement Raytheon pays to the SEC against the criminal forfeiture.

    As part of the DPA, Raytheon and RTX have agreed to continue to cooperate with the U.S. Attorney’s Office for the Eastern District of New York, the Criminal Division’s Fraud Section and the National Security Division’s Counterintelligence and Export Control Section in any ongoing or future criminal investigations relating to this and other conduct.  In addition, Raytheon and RTX have agreed to continue to enhance Raytheon’s compliance program.

    The Department reached this resolution with Raytheon based on a number of factors, including, among others, the nature and seriousness of the offense.  Raytheon received credit for its cooperation with the Department’s investigation, which included:

    • Providing information obtained through its internal investigation, which allowed the government to preserve and obtain evidence as part of its own independent investigation;
    • Facilitating interviews with current and former employees;
    • Making detailed factual presentations to the government;
    • Proactively disclosing certain evidence of which the government was previously unaware and identifying key documents in materials it produced; and
    • Engaging experts to conduct financial analyses. 

    Raytheon also engaged in timely remedial measures, including:

    • Recalibrating third party review and approval processes to lower company risk tolerance;
    • Implementing enhanced controls over sales intermediary payments;
    • Hiring empowered subject matter experts to oversee its anti-corruption compliance program and third party management;
    • Implementing data analytics to improve third party monitoring; and
    • Developing a multipronged communications strategy to enhance ethics and compliance training and communications.

    However, in determining the appropriate cooperation credit, the government also took into account the fact that, in the initial phases of the investigation, prior to in or around 2022, Raytheon was at times slow to respond to the government’s requests and failed to provide relevant information in its possession; for example, Raytheon withheld relevant, material information from the government and gave incomplete and misleading presentations regarding the nature and scope of a relevant third-party intermediary relationship.

    In light of these considerations, as well as Raytheon’s prior history, which includes three prior civil or regulatory enforcement actions: (i) a 2013 consent agreement with the U.S. State Department concerning civil ITAR and Arms Export Control Act violations, in connection with which Raytheon agreed to hire an independent special compliance officer to oversee the four-year consent decree while at the same time engaging in the conduct described in the DPA; (ii) a civil settlement with the Environmental Protection Agency in 2007 concerning payments to clean up contamination sites; and (iii) a resolution with the SEC in 2006 concerning false and misleading disclosures and improper accounting practices, the criminal penalty calculated under the U.S. Sentencing Guidelines reflects a 20% reduction off the twentieth percentile above the low end of the otherwise applicable Guidelines fine range.

    The ITAR Case

    According to admissions and court documents filed in the Eastern District of New York, between approximately 2012 and 2016, Raytheon, through certain of its employees and agents, engaged in a scheme to willfully violate the AECA and ITAR Part 130 by failing to disclose to the United States Department of State, Directorate of Defense Trade Controls, fees and commissions paid in connection with two Qatar-related contracts – specifically, the bribes Raytheon paid to the high-level QEAF official through sham subcontracts.

    The Department reached this resolution with Raytheon based on a number of factors, including, among others, the nature and seriousness of the offense.  Raytheon received credit for its cooperation with the Department’s investigation, which included:

    • Gathering evidence of interest to the government and proactively identifying key documents related to willful ITAR-related misconduct;
    • Making factual presentations concerning the ITAR-related misconduct; and
    • Facilitating witness interviews and expediting the government’s ability to meet with witnesses. 

    Raytheon also received credit for remediation, which included, in addition to the remediation described above in connection with the FCPA case:

    • Hiring additional empowered subject matter experts in legal and compliance;
    • Developing a multipronged communications strategy to enhance ethics and compliance training and communications; and
    • Making enhancements to its ITAR-related compliance program.

    Raytheon did not receive full credit for its cooperation because in the initial phase of the investigation, it failed to provide information relevant to the ITAR violations beyond what was requested in the FCPA investigation.

    In light of these considerations, the ITAR-related financial penalty of $21,904,850 includes a cooperation and remediation credit of 20 percent off the otherwise applicable penalty.

    The Defective Pricing Case

    According to admissions and court documents filed in the District of Massachusetts, from 2012 through 2013 and again from 2017 through 2018, Raytheon employees provided false and fraudulent information to the DOD during contract negotiations concerning two contracts with the United States for the benefit of a foreign partner — one to purchase PATRIOT missile systems and the other to operate and maintain a radar system. In both instances, Raytheon employees provided false and fraudulent information to DOD in order to mislead DOD into awarding the two contracts at inflated prices. These schemes to defraud caused the DOD to pay Raytheon over $111 million more than Raytheon should have been paid on the contracts.

    Under the terms of the DPA, Raytheon will pay a criminal monetary penalty of $146,787,972, pay $111,203,009in victim compensation, and retain an independent compliance monitor for three years. The Justice Department has agreed to credit the victim compensation amount against restitution Raytheon pays to the Civil Division in its related, parallel False Claims Act proceeding.

    Pursuant to the DPA, in addition to the independent compliance monitor, Raytheon and RTX have agreed to continue to implement a compliance and ethics program at Raytheon designed to prevent and detect fraudulent conduct throughout its operations. Raytheon and RTX have also agreed to continue to cooperate with the Criminal Division’s Fraud Section and the U.S. Attorney’s Office for the District of Massachusetts in any ongoing or future criminal investigations.

    The Justice Department reached this resolution with Raytheon based on a number of factors, including, among others, the nature and seriousness of the offense conduct, which involved two separate schemes to defraud the U.S. government. Raytheon received credit for its affirmative acceptance of responsibility and cooperation with the department’s investigation, which included (i) facilitating interviews with current and former employees; (ii) providing information obtained through its internal investigation, which allowed the department to preserve and obtain evidence as part of its own independent investigation; (iii) making detailed presentations to the department; (iv) proactively identifying key documents in the voluminous materials collected and produced; (v) engaging experts to conduct financial analyses; and (vi) demonstrating its willingness to disclose all relevant facts by analyzing whether the crime-fraud exception applied to certain potentially privileged documents and releasing the documents that it deemed fell within the exception. However, in the initial phases of the investigation prior to March 2022, Raytheon’s cooperation was limited by unreasonably slow document productions.

    Raytheon also engaged in timely remedial measures, including (i) terminating certain employees who were responsible for the misconduct; (ii) establishing a broad defective pricing awareness campaign; (iii) developing and implementing policies, procedures, and controls relating to defective pricing compliance; and (iv) engaging additional resources with appropriate expertise to evaluate and test the new policies, procedures, and controls relating to defective pricing compliance.

    In light of these considerations, as well as Raytheon’s prior history, the criminal penalty calculated under the U.S. Sentencing Guidelines reflects a 25% reduction off the tenth percentile above the low end of the otherwise applicable guidelines fine range.

    The False Claims Act Settlement

    Raytheon also entered into a civil False Claims Act settlement to resolve allegations that it provided untruthful certified cost or pricing data when negotiating prices with the DOD for numerous government contracts and double billed on a weapons maintenance contract.

    Under the False Claims Act settlement, which is the second largest government procurement fraud recovery under the Act, Raytheon will pay $428 million for knowingly failing to provide truthful certified cost and pricing data during negotiations on numerous government contracts between 2009 and 2020, in violation of the Truth in Negotiations Act (TINA). Congress enacted TINA in 1962 to help level the playing field in sole source contracts — where there is no price competition — by making sure that government negotiators have access to the cost or pricing data that the offeror used when developing its proposal. As part of the settlement, Raytheon admitted that it failed to disclose cost or pricing data, as required by TINA, regarding its labor and material costs to supply weapon systems to DOD. 
     
    Raytheon also admitted that by misrepresenting its costs during contract negotiations it overcharged the United States on these contracts and received profits in excess of the negotiated profit rates. Further, Raytheon admitted that it failed to disclose truthful cost or pricing data on a contract to staff a radar station. Raytheon also admitted that it billed the same costs twice on a DOD contract.

    As part of the civil resolution, Raytheon received credit under the Justice Department’s guidelines for taking disclosure, cooperation, and remediation into account in False Claims Act cases for cooperation provided by RTX. That cooperation included conducting and disclosing the results of an internal investigation, disclosing relevant facts and material not known to the government but relevant to its investigation, providing the department with inculpatory evidence, conducting a damages analysis, identifying and separating individuals responsible for or involved in the misconduct, admitting liability and accepting responsibility for the misconduct, and improving its compliance programs.

    The civil settlement includes the resolution of a lawsuit filed under the qui tam or whistleblower provision of the False Claims Act, which permits private parties to file suit on behalf of the United States for false claims and share in a portion of the government’s recovery. The qui tam lawsuit was filed by Karen Atesoglu, a former Raytheon employee, and is captioned United States ex rel. Atesoglu v. Raytheon Technologies Corporation, 21-CV-10690-PBS (D. Mass.). Ms. Atesoglu will receive $4.2 million as her share of the settlement.

    * * * * *

    In July 2022, Mr. Peace was selected as the Chairperson of the White Collar Fraud subcommittee for the Attorney General’s Advisory Committee (AGAC).  As the leader of the subcommittee, Mr. Peace plays a key role in making recommendations to the AGAC to facilitate the prevention, investigation and prosecution of various financially motivated, non-violent crimes including the FCPA.

    The FCPA and ITAR investigation was conducted by HSI and the FBI’s International Corruption Unit.  The government’s case is being handled by the Office’s Business and Securities Fraud Section, the Criminal Division’s Fraud Section and the National Security Division’s Counterintelligence and Export Control Section.  Assistant United States Attorneys David Pitluck, Hiral Mehta and Jessica Weigel are prosecuting the case with Acting Assistant Chief Katherine Raut and Trial Attorney Elina A. Rubin-Smith of the Fraud Section, and Trial Attorneys Christine Bonomo and Leslie Esbrook of the Counterintelligence and Export Control Section, with assistance from Eastern District of New York Paralegal Specialist Liam McNett.

    The Defendant:

    THE RAYTHEON COMPANY 
    Waltham, Massachusetts

    E.D.N.Y. Docket No.: 24-CR-399 (RER)

    MIL Security OSI

  • MIL-OSI USA: Problem Solvers Caucus Endorses the Dignity Act

    Source: United States House of Representatives – Congresswoman María Elvira Salazar’s (FL-27)

    WASHINGTON, D.C. – Today, the bipartisan Problem Solvers Caucus in the House of Representatives announced its official endorsement of the Dignity Act (H.R. 3599), the groundbreaking immigration bill introduced by Reps. María Elvira Salazar (R-FL), Veronica Escobar (D-TX), and several of their colleagues in 2023.

    The Problem Solvers Caucus is a group of more than 60 Members of Congress who are committed to advancing common-sense solutions to key issues facing the United States. Problem Solvers Caucus endorsements are often a critical threshold to pass before advancing major bipartisan legislation. The bill was brought forward for Caucus endorsement by Representatives Salazar and Hillary Scholten (D-MI), an original co-lead of the bill.

    The United States desperately needs an immigration solution, and the Dignity Act is the best and most viable bill to secure our border and solve our nation’s immigration problems,” said Rep. María Elvira Salazar.I am proud that the bipartisan Dignity Act received the endorsement of the Problem Solvers Caucus – a critical group of lawmakers in Congress who are willing to advance solutions that prioritize national security, practical reforms, and economic growth.

    For far too long, our immigration system has been a glaring failure, and Americans are suffering as a result,” said Problem Solvers Caucus Co-Chair, Rep. Brian Fitzpatrick. The Dignity Act stands as a historic, bipartisan solution that decisively ends illegal immigration, secures our borders, and drives economic prosperity in the United States. I am proud the Problem Solvers Caucus has endorsed this critical bill and is garnering support from both sides of the aisle.

    The bipartisan Dignity Act fully secures our border and fixes America’s immigration system once and for all. By sealing the border, pioneering the Dignity and Redemption programs for undocumented immigrants, investing in American workers, re-thinking high-skilled legal immigration, and overhauling the abused asylum system with new Humanitarian Centers at our ports of entry, the Dignity Act is Congress’ only serious bill to resolve the migrant crisis and build mutual consensus around immigration.

    For years, I’ve been working to pass commonsense immigration reform that protects our borders and lives up to our values as a nation. I’m proud the Problem Solvers Caucus came together to endorse the bipartisan Dignity Act which will support American workers, stop cartels from exploiting migrant families, and finally end the uncertainty they face by establishing a clear path for success while also securing our border,” said Problem Solvers Caucus Co-Chair, Rep. Josh Gottheimer.

    As an attorney who has worked on all aspects of the immigration problem, including employment, helping asylum seekers, and enforcement at the DOJ, I have seen firsthand how our system is failing, and it is past time we take charge to fix what’s broken,” said Rep. Hillary Scholten. “The bipartisan Dignity Act aims to repair our immigration system and restore humanity and justice to our process. I’m grateful to my colleagues in the Problem Solvers Caucus for recognizing the power rehabilitating our immigration system will have on our nation.

    Since introduction, the Dignity Act has gained significant support from both parties in Congress and secured major endorsements from prominent national and local advocacy groups. Leading experts and policy groups commend the legislation for addressing the many inefficiencies and backlogs afflicting the current immigration regime and creating the conditions necessary to grow our economy by trillions of dollars, one of the largest expansions of the economy in American history. The innovative legislation also eliminates labor shortages in the healthcare industry, and helps save Social Security and Medicare from insolvency. Critically, the Dignity Act implements the funding for personnel, infrastructure, and equipment required to secure our borders and keep American citizens safe, at no expense to the taxpayer.

    The Dignity Act has been covered extensively in the press. Read some of more than 100 articles written about the bill here, and learn more about the bill on Congresswoman Salazar’s website here. A non-exhaustive list of every endorsement the Dignity Act has received from federal legislators and organizations across the United States can be found below and their statements of support can be found here. Statements come from prominent stakeholders, including from immigration groups, businesses, the agricultural sector, the faith community, educators, economists, national security experts, community leaders, Ambassadors, and United States Senators.

    A detailed summary of the Dignity Act can also be found below.

    Sponsors and Cosponsors (38): *María Elvira Salazar (FL), *Veronica Escobar (TX), *Jenniffer González Colon (PR), *Hillary Scholten (MI), *Lori Chavez-DeRemer (OR), *Kathy Manning (NC), *Michael Lawler (NY), *Adriano Espaillat (NY), John Duarte (CA), Susan Wild (PA), Mario Díaz-Balart (FL), Susie Lee (NV), David Valadao (CA), Darren Soto (FL), Dan Newhouse (WA), Colin Allred (TX), Abigail Spanberger (VA), Jake Auchincloss (MA), Mike Levin (CA), Marilyn Strickland (WA), Matt Cartwright (PA), Brian Fitzpatrick (PA), Dean Phillips (MI), Chris Pappas (NH), Elissa Slotkin (MI), Pat Ryan (NY), Joe Courtney (CT), Lori Trahan (MA), Chrissy Houlahan (PA), Christopher DeLuzio (PA), Eric Sorensen (IL), Nikki Budzinski (IL), Raja Krishnamoorthi (IL), Emilia Sykes (OH), Val Hoyle (OR), Jared Moskowitz (FL), Greg Landsman (OH), and Mary Peltola (AK).

    The following organizations have weighed in with endorsements, statements of support, and/or positive comments about the Dignity Act:

    Organizations (50+): Agriculture Workforce Coalition, Alliance for a New Immigration Consensus (ANIC), American Action Forum, American Business Immigration Coalition, American Families United, American Immigration Lawyers Association, American Podiatric Medical Association, American Senior Housing Association, Americans for Prosperity, BDV Solutions, Behring Co., Bipartisan Policy Center, Brick Industry Association, Business Roundtable, Catholic Charities USA, Casa de Venezuela, Chris Coons, U.S. Senator (D-DE), Cleaning Coalition of America, Essential Worker Immigration Coalition, Ethics & Religious Liberty Commission of the Southern Baptist Convention, Florida Farm Bureau Federation, Florida Fruit & Vegetable Association, Florida Tomato Exchange, FWD.us, Hispanic Leadership Fund, Ideaspace, Immigration Hub, Improve the Dream, Invest in the USA (IIUSA), Ken Salazar, U.S. Ambassador to Mexico, LIBRE Initiative, Mason Contractors Association of America, National Association of Counties, National Association of Evangelicals, NAFSA: Association of International Educators, National Association of Landscape Professionals, National Immigration Forum, National Latino Evangelical Coalition, National Retail Federation (NRF), Niskanen Center, Outdoor Amusement Business Association (OABA), Power & Communication Contractors Association, Presidents’ Alliance on Higher Education and Immigration, Public Affairs Alliance of Iranian Americans, Puerto Rican Chamber of Commerce of Central Florida, TechNet, TESOL International Association, Texas Border Coalition, Texas Impact, The Legal Immigration and Border Enforcement Reform this Year (LIBERTY) Campaign, UnidosUS, U.S. Chamber of Commerce, U.S. Conference of Catholic Bishops (USCCB), U.S. Hispanic Business Council, U.S. Travel Association, and World Relief.

    KEY PROVISIONS OF THE DIGNITY ACT

    Securing the Border and Restoring Law and Order

    • Provides $25 billion to fully secure the border.
    • Mandates 100% nationwide E-verify to ensure all American businesses are hiring legal workers.
    • Achieves operational control and advantage of the Southern Border by employing a comprehensive Southern Border Strategy.
    • Constructs enhanced physical barriers and deploys the most up-to-date technology at the border.
    • Hires thousands of new Border Patrol agents, CBP officers, and border intelligence units.
    • Implements new policies to stop criminals crossing the border illegally, including new authorities to track cartel spotters, and raises penalties on human traffickers and child sex traffickers.
    • Authorizes DHS to officially designate an organization as a criminal street gang, making any alien involved in a criminal gang inadmissible and deportable.
    • Designates Mexican cartels as Special Transnational Criminal Organizations.
    • Directs DHS to complete and implement biometric exit at all air, land, and sea ports-of-entry for international travelers.
    • Provides DHS the authority to use DNA testing to verify family relationships.
    • Enhances port-of-entry security by expanding surveillance and intrusion detection systems.
    • Improves legal commerce and trade by expanding inspection lanes and investing in X-ray technology to safely inspect commercial vehicles.

    Fixing our Asylum System

    • Expedites processing and ends catch-and-release policies.
    • Establishes at least five Humanitarian Campuses (HC) that will receive individuals and families arriving at the southern border for immediate processing.
      • Asylum-seekers will remain at an HC until their case is decided.
      • They will have freedom of movement within the HC, access to state-of-the-art facilities, medical personal, legal counsel, and non-governmental organizations.
    • Decides asylum cases within 60 days. Asylum-seekers will undergo an initial credible fear interview within 15 days of their arrival and further screening by trained asylum officers for final determination within an additional 45 days.
      • *Complex cases may be referred to case management to await a hearing before an Immigration Judge.
    • Creates five additional immigration centers in Latin America to stop migrant caravans and prevent individuals from making the dangerous land journey to the United States.
      • The centers will offer asylum pre-screening, child reunification services, and employment counsel to determine eligibility for work visas in the United States.
    • Implements a security and development strategy to address instability in Central America. This will help bring stability and economic development to Guatemala, El Salvador, and Honduras.
    • Increases U.S. authorities to target transnational criminals, smugglers, human traffickers, drug traffickers, and gangs like MS-13.
    • Cracks down on asylum fraud by increasing penalties for those that make false statements or provide false documentation.
    • Establishes a new two-strike policy for anyone caught crossing at a non-port-of-entry, to ensure legitimate asylum seekers are processed appropriately while bad actors are apprehended.

    Giving Dignity and Redemption to Undocumented Immigrants

    • Creates immediate protected status and streamlined path for Dreamers and TPS recipients, as outlined in the Dream and Promise Act.
    • Establishes the Dignity Program, a practical solution for undocumented immigrants who have been in the U.S. for more than five years.
      • Recipients will be offered a chance to work, pay restitution, get right with the law, and earn legal status.
      • Applicants must comply with all federal and state laws, pass a criminal background check, and pay outstanding taxes or debts.
      • Dignity participants will also pay $5,000 in restitution during the seven years of the program, check in with DHS every two years, and remain in good public standing.
      • Individuals in the Dignity Program will not have access to federal means-tested benefits or entitlements.
    • Establishes two options after successful completion of the Dignity Program – Dignity Status or the Redemption Program:
      • Dignity Status: Dignity recipients who choose this option will immediately receive a five-year Dignity Status, which provides full work authorization, the ability to live in the U.S., and travel authorization outside the U.S. They will also remain ineligible for citizenship, means-tested benefits, and entitlements. Dignity Status can be renewed an indefinite number of times as long as the individual remains in good standing with the law.
      • Redemption Program: The Redemption Program (+5 years) requires completion of the seven-year Dignity Program. It offers Dignity recipients a chance to redeem themselves and earn permanent legal status. Redemption Program participants must learn English and U.S. civics and contribute to their local community either through community service or an additional $5,000 in restitution payments. Successful completion of the Redemption Program provides legal permanent resident status and eligibility for existing pathways to citizenship. Participating individuals would go to the back of the line.

    Dignity for American Workers

    • Creates a new American Worker Fund, using restitution payments from the Dignity and Redemption Programs. This fund will provide workforce training, upskilling, and education for unemployed American workers.
      • For every participant in the Dignity Program, their restitution payments will be able to train or retrain at least one American worker.
      • The American Worker Fund provides grants for workforce education initiatives, apprenticeship programs, higher education, and Career and Technical Education to give opportunities for Americans to enter new careers.
        • *This will ensure Americans can secure employment in in-demand careers.

    American Agricultural Dominance

    • Streamlines the H-2A application process by allowing employers to file with relevant agencies in a single platform, reducing regulatory burden for farmers and businesses.
    • Creates a year-round Agricultural workforce, removing “seasonal” requirements on the H-2A program and expanding it to year-round labor.
    • Combats price hikes so families can access affordable groceries and a large variety of U.S.-based produce.
    • Repeals the complicated and unpredictable Adverse Effect Wage Rate (AEWR) formula to calculate wages for farmers set by the Department of Labor. It replaces it with either 125% of the federal minimum wage or the applicable state/local minimum wage.
    • Allows Staggered Entry for advanced planning so employers can have workers start at different dates of the year to meet their specific needs.
    • Opens the H2A program to apple cider pressing on farms, aquaculture, the equine industry, forestry activities, conservation, forest management, and wild fish and shellfish processors.
    • Includes special procedures regulations for shepherding and goat herding, shearing, bee keeping, and custom combining.
    • Creates a Certified Agricultural Workers (CAW) program, as established in the Farm Workforce Modernization Act, with renewable five-and-a-half year visas available only to undocumented workers that have been working in agriculture for several years previously.
      • Foreign workers could apply for lawful permanent residence (LPR) after successfully maintaining either eight years of CAW status or four years of CAW status plus ten years of previous agricultural work experience in addition to making restitution payments and paying owed back taxes.
    • Includes the Returning Worker Exception Act, which Reforms the H-2B program by exempting returning workers from the visa caps of the three previous fiscal years. It also improves the H-2B application process, requiring the DOL to maintain a publicly accessible online job registry, and strengthening program integrity measures and anti-fraud provisions to protect American workers and guest workers.

    Unleashing American Prosperity and Competitiveness

    • Modernizes our legal immigration system and fixes backlogs.
      • Cuts the legal immigration backlog at ten years, ensuring anyone that has been waiting for a legal visa (either family-based or employment-based) for ten years or more (calculated by priority date) will be provided with that visa.
      • Raises the per-country cap set in the Immigration Act of 1990 from 7% to 15%.
      • Allows STEM PhD graduates from American universities, including medical students, to be eligible for an O visa. This allows “Individuals with Extraordinary Ability or Achievement” to stay and work in the U.S. if they choose to.
      • Increases high-skilled employment visas opportunities by only counting the principal applicant and excluding derivatives (children and spouses) from counting towards the annual Employment-Based visa caps. It does not raise the caps.
      • Includes the H-4 Work Authorization Act, allowing spouses of H-1B immigrants to automatically be granted work authorization upon receiving their H-4 visa.
      • Includes the American Families United Act, which authorizes discretion if an undocumented child or spouse of a U.S. citizen is denied a visa or has received a deportation order, affording families relief on a case-by-case basis.
      • Includes the Temporary Family Visitation Act, which creates a new, 90-day visitor visa that can be used by foreigners to travel to the United States for business, pleasure, or family purposes.
      • Ensures that children legally present in the United States do not age out of receiving certain visas due to USCIS processing delays.
      • Requires students working in the United States as part of the Optional Practical Training (OPT) program to pay FICA (Social Security and Medicare) taxes.
      • Modernizes student visas by changing the F visa to be “dual intent.”
      • Creates an Immigration Agency Coordinator position to oversee and streamline immigration functions at USCIS, the State Department, and the Department of Labor.
      • Surges resources to USCIS operations, the Bureau of Consular Affairs and Visa Service at the State Department, and the Office of Foreign Labor Certification at DOL to reduce delays and improve visa processing.

    No taxpayer funds will be used to pay for the Dignity Act.

    • The border infrastructure, improved ports of entry infrastructure, new humanitarian campuses, increased personnel, and all other associated costs in this bill are paid for by an “Immigration Infrastructure Levy.”
      • A 1.5% levy will be deducted from the paychecks of individuals given work authorization under the Dignity Program. These levies will be deposited into the Immigration Infrastructure Fund to be used to carry out the provisions of this act.
    • The American Worker Fund, used to provide workforce development for American workers, will be funded by restitution payments from the Dignity and Redemption Programs.

    For a link to the full press conference, click here.

    For a one-pager on the Dignity Act, click here.

    For a more detailed summary of the Dignity Act, click here.

    For a section-by-section breakdown of the Dignity Act, click here.

    For the full text of the bill, click here.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Senator Wicker to President Biden: Make Final Push for Ukraine Before Leaving Office

    US Senate News:

    Source: United States Senator for Mississippi Roger Wicker
    WASHINGTON – U.S. Senator Roger Wicker, R-Miss., the highest-ranking Republican on the Senate Armed Services Committee, is demanding that President Biden exercise his responsibilities as commander-in-chief and give Ukraine the weapons it needs to make a “substantial difference” on the battlefield in the last 90 days of his term.
    Senator Wicker specifically called on the president to provision Ukraine with weaponry at a much faster rate, deliver more vehicles, missiles, drones and counter-drone equipment, and increase defense industrial base cooperation between the United States and Ukraine, among other recommendations. The senator sent these detailed requests, along with more than five others, as a part of a detailed plan to enable Ukrainian success prior to the next presidential term starting.
    These demands follow repeated, unsuccessful engagements with the White House since August. In the letter, Senator Wicker notes that he sent a classified letter to President Biden with suggestions on how to improve the military assistance program for Ukraine, and he later followed up with a September phone call to the president regarding the letter. Senator Wicker has also shared these ideas with senior national security officials but has yet to see them yield any significant results.
    “I am frustrated – and mystified – that your administration has accomplished so little in the last three months regarding the war in Ukraine.  You seem poised to leave the next president a weak hand,” Senator Wicker wrote.
    For two years, Senator Wicker has led Senate Republicans in pushing President Biden to implement a more effective strategy for Ukrainian victory. In September, Senator Wicker criticized President Biden’s intention to drag out his use of Presidential Drawdown Authority. Senator Wicker has also repeatedly published a detailed timeline of many instances when President Biden failed to deliver support to Ukraine at a speed where they could make a difference on the battlefield. In a 2023 floor speech, Senator Wicker laid out his first principles as it comes to supporting Ukraine: “more, better, faster.”
    Read the full October 18, 2024 letter here or below.
    October 17, 2024
    President Joseph R. Biden, Jr.
    The White House
    1600 Pennsylvania Avenue
    Washington, D.C. 20500
    Dear Mr. President,
    In early August, I sent you a classified letter, which identified steps you could take to support Ukraine more aggressively. The letter contained detailed recommendations, including policy changes and suggestions to improve military assistance delivery and defense industrial base cooperation. My goal was to highlight ways that your administration could use its remaining six months in office wisely – to put Ukraine in the most advantageous position possible for your successor, whomever the American people choose. I followed up with you in a phone conversation in mid-September, and I have attended meetings with senior national security officials.
     
    I am frustrated – and mystified – that your administration has accomplished so little in the last three months regarding the war in Ukraine. You seem poised to leave the next president a weak hand. Nonetheless, I maintain that a focused effort – directed by you – could make a substantial difference over your final 90 days as president.
    Toward that end, I have included a list of 10 recommendations.
    Recommendation 1: Increase the pace of weapons transfers to Ukraine. The current pace of Presidential Drawdown Authority (PDA) usage would drag on through calendar year 2025. This is true despite the agreement between Congress and your administration that the authority granted in the National Security Supplemental would last through calendar year 2024. That tempo led your administration to seek a $5.5 billion extension of this authority last month.
    The Secretaries of State and Defense exercised this authority to prevent its expiration, but your administration has said that the pace of deliveries will not change. Ukraine will continue to receive only about $400 million in military equipment per month for the next 14 months.
    I am troubled that your administration is using U.S. military readiness as an excuse to “manage” the conflict in Ukraine. Officials are making decisions about strategic and military risk, but they are not consulting Congress. You should direct the Secretary of Defense to provide you a plan that would deliver the remaining $5.5 billion in Presidential Drawdown Authority (PDA) to Ukraine immediately.
    Deliver more vehicles. Ukraine needs many more heavy vehicles, such as M1A1 Abrams tanks and Bradley infantry fighting vehicles, to form the core of combined-arms brigades. Ukraine also faces a significant shortfall of general protected vehicles (such as up-armored HMMWVs, ambulances, and MRAPs) to protect troops from Russian drones and artillery. The U.S. Army and Marine Corps possess ample stocks of these vehicles. Our industrial base can easily replace those that are transferred. Additionally, there is no near-term need for massive stockpiles of vehicles given the degraded state of Russian ground forces.
    Deliver more ATACMS. Ukraine has used U.S.-provided ATACMS responsibly and effectively, but it needs more. We have a sufficient inventory of serviceable long-range ATACMS. A significant number of these should go to Ukraine. Although there may be division within your administration on this recommendation, I urge you to push the Army and the combatant commands to aid Ukraine’s largely successful deep strike campaign.
    Deliver more drones and counter unmanned aerial systems. U.S. attack drone and counter-UAS production can increase. The industrial base is expanding rapidly and has multiple solution options in each of these areas. Ukraine is quite receptive to using unproven systems.
    Recommendation 2: Allow greater flexibility on restrictions for U.S.-provided munitions. One of Ukraine’s key asymmetric advantages against Russia is its ability to target high-value Russian military targets and to do so rapidly. Your administration has hamstrung this crucial advantage. You should immediately revise any policies that limit the use of U.S.-provided munitions, including ATACMS, to strike military targets inside Russia. Any restrictions should be placed on the types of targets, rather than on the distance from a border that Russia does not even recognize. Numerous allies and partners already allow their long-range munitions to be used for deep strikes.
    Recommendation 3: Increase the cap of U.S. government non-military personnel allowed in-country. You should direct Secretary Blinken to allow more State Department, Defense Department, and other government agency personnel inside Ukraine. The current number of personnel cannot manage a military aid effort in the tens of billions of dollars while conducting planning for future improvements in the Ukrainian industrial base and economy. As a result, anything beyond the day-to-day management is not getting done. Current staff is overworked, and more U.S. government personnel are required to manage security assistance and to conduct accountability and oversight work. Numerous allies already have a much more risk-tolerant government presence in Ukraine.
    Recommendation 4: Establish a regulated presence of U.S. military contractors inside Ukraine. You should allow a limited number of U.S. military contractors to operate in Ukraine – under strict conditions – to increase Ukraine’s ability to maintain its equipment. The current approach is too slow, as we remotely perform maintenance or move Ukrainian equipment to Poland for up-keep. The presence of U.S. contractors in-country would also help to mentor Ukrainian personnel to increase their self-sufficiency. U.S. contractors are well-prepared to execute such a mission. They have extensive experience in Iraq and Afghanistan. British, French, and Czech personnel are already in-country, or will soon be, to conduct similar missions.
    Recommendation 5: Expand training for Ukrainian land forces. The United States should maximize the use of all available training capacity located in the European Command (EUCOM) area of responsibility, and it should build up Ukrainian brigades capable of combined arms warfare. Currently, improved Ukrainian recruitment is outpacing Ukrainian and allied training. EUCOM almost certainly has the ability to train even more troops per month than it does now, which would help cover the number of troops that Ukraine does not have the capacity to train.
    Recommendation 6: Deliver more shareable, commercially-derived intelligence. The administration should use processes already in place to increase the delivery of available unclassified information to Ukraine, including disposition of Russian forces and location data. The National Reconnaissance Office has contract vehicles in place for commercial satellite services (such as RF data) that are instrumental in providing Ukraine with services for tipping and cueing (i.e., targeting) of Russian radars, air assets, defense systems, and other threats.
    Recommendation 7: Dramatically expand the Pentagon industrial base policy workforce. U.S. industrial base expansion and industrial base integration with Europe is not happening fast enough because we lack the personnel to plan and execute these activities. You should direct the Secretary of Defense, in the next 15 days, to reassign at least 100 capable and motivated DOD civil servants, moving them into these offices and asking Congress for new hiring authorities and supplemental money to pay for this expansion. The short-staffed office that runs the Defense Production Act illustrates the need. Only a handful of people staff that organization, which is tasked with finding ways to rebuild our supplier base for solid rocket motors, missile casings, and more. DOD industrial base offices can also help allies and partners expand their own production, such as the Storm Shadow and SCALP lines in the UK and France, respectively.
    These U.S. offices include:
    Joint Production Acceleration Cell
    Assistant Secretary of Defense for Industrial Base Policy
    Deputy Assistant Secretary of Defense for International and Industry Engagement
    Manufacturing Capability Expansion and Investment Prioritization (DPA & ICAM/IBAS)
    Recommendation 8: Rapidly accelerate contracting timelines. I understand that many large contracts for Ukraine, especially those funded through the Ukraine Security Assistance Initiative, are still taking a year or more on average. This is unacceptable. Section 1244 of the Fiscal Year 2023 NDAA, as well as additional contracting authorities, grant broad flexibilities to the Department of Defense. By written instruction, you should formally direct the Secretary of Defense and the service acquisition executives to require all contracting officers to leverage – to the maximum extent possible – those contracting flexibilities. The Army has used section 1244 for the new 155mm artillery ammunition factory in Mesquite, Texas, and doing so brought it online two years faster than expected.
    Recommendation 9: Hold monthly high-level defense industrial base meetings. You should direct the Secretaries of State, Defense, and Commerce to host monthly high-level defense industrial base meetings with Ukraine, key NATO allies, and defense industry officials. You should prioritize coproduction with Ukraine so it can better meet its own needs.
    Recommendation 10: Deliver more DPICMs. In addition to ATACMS, Ukraine also has used Dual Purpose Improved Conventional Munitions (DPICMs) effectively and responsibly. The U.S. inventory includes hundreds of thousands of serviceable 155mm DPICMs rounds. Each 155mm DPICMs round has the effect of 3–5 high explosive artillery projectiles. You possess the authority to send Ukraine $250 million of DPICMs today. There is simply no way to offset the artillery advantage of the Russians without using DPICMs.
    Sincerely,
    Roger F. Wicker
    Ranking Member

    MIL OSI USA News

  • MIL-OSI: VALUE LINE, INC. DECLARES A QUARTERLY CASH DIVIDEND OF $0.30 PER COMMON SHARE

    Source: GlobeNewswire (MIL-OSI)

    New York, Oct. 18, 2024 (GLOBE NEWSWIRE) — Value Line, Inc. (NASDAQ: VALU) announced today that its Board of Directors declared on October 18, 2024 a quarterly cash dividend of $0.30 per common share, payable on November 12, 2024, to stockholders of record on October 28, 2024. The Company has 9,418,074 shares of common stock outstanding as of October 18, 2024.

    Value Line, Inc. is a leading New York based provider of investment research. The Value Line Investment Survey is one of the most widely used sources of independent equity investment research. Value Line also publishes a range of proprietary investment research in both print and digital formats including research in the areas of Mutual Funds, ETFs and Options. Value Line’s acclaimed research also enables the Company to provide specialized products such as Value Line Select, The Value Line Special Situations Service, Value Line Select ETFs, Value Line Select: Dividend Income & Growth, The New Value Line ETFs Service, The Value Line M&A Service, Information You Should Know Wealth Newsletter, The Value Line Climate Change Investing Service and certain Value Line copyrights, distributed under agreements including certain proprietary ranking system information and other proprietary information used in third party products. Value Line’s products are available to individual investors by mail, at http://www.valueline.com or by calling 1-800-VALUELINE or 1-800-825-8354, while institutional-level services for professional investors, advisers, corporate, academic, and municipal libraries are offered at http://www.ValueLinePro.com, http://www.ValueLineLibrary.com and by calling 1-800-531-1425.

    Cautionary Statement Regarding Forward-Looking Information

    In this report, “Value Line,” “we,” “us,” “our” refers to Value Line, Inc. and “the Company” refers to Value Line and its subsidiaries unless the context otherwise requires.

    This report contains statements that are predictive in nature, depend upon or refer to future events or conditions (including certain projections and business trends) accompanied by such phrases as “believe”, “estimate”, “expect”, “anticipate”, “will”, “intend” and other similar or negative expressions, that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995, as amended. Actual results for Value Line, Inc. (“Value Line” or “the Company”) may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the following:

    • maintaining revenue from subscriptions for the Company’s digital and print published products;
    • changes in investment trends and economic conditions, including global financial issues;
    • changes in Federal Reserve policies affecting interest rates and liquidity along with resulting effects on equity markets;
    • stability of the banking system, including the success of U.S. government policies and actions in regard to banks with liquidity or capital issues, along with the associated impact on equity markets;
    • continuation of orderly markets for equities and corporate and governmental debt securities;
    • problems protecting intellectual property rights in Company methods and trademarks;
    • protecting confidential information including customer confidential or personal information that we may possess;
    • dependence on non-voting revenues and non-voting profits interests in EULAV Asset Management, a Delaware statutory trust (“EAM” or “EAM Trust”), which serves as the investment advisor to the Value Line Funds and engages in related distribution, marketing and administrative services;
    • fluctuations in EAM’s and third party copyright assets under management due to broadly based changes in the values of equity and debt securities, sectoral variations, redemptions by investors and other factors;
    • possible changes in the valuation of EAM’s intangible assets from time to time;
    • possible changes in future revenues or collection of receivables from significant customers;
    • dependence on key executive and specialist personnel;
    • risks associated with the outsourcing of certain functions, technical facilities, and operations, including in some instances outside the U.S.;
    • competition in the fields of publishing, copyright and investment management, along with associated effects on the level and structure of prices and fees, and the mix of services delivered;
    • the impact of government regulation on the Company’s and EAM’s businesses;
    • federal and/or state legislative changes that might affect Value Line’s business;
    • the availability of free or low cost investment information through discount brokers or generally over the internet;
    • the economic and other impacts of global political and military conflicts;
    • continued availability of generally dependable energy supplies and transportation facilities in the geographic areas in which the company and certain suppliers operate;
    • terrorist attacks, cyber attacks and natural disasters;
    • insufficiency in our business continuity plans or systems in the event of anticipated or unpredictable disruption;
    • widespread illnesses which may drastically affect markets, employment, and other economic conditions, and may have additional unpredictable impacts on employees, suppliers, customers, and operations;
    • changes in prices and availability of materials and other inputs and services, such as freight and postage, required by the Company;
    • other risks and uncertainties, including but not limited to the risks described in Part I, Item 1A, “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended April 30, 2024 and in Part II, Item 1A of the Quarterly Report on Form 10-Q for the period ended July 31, 2024; and other risks and uncertainties arising from time to time.

    These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of our forward-looking statements. Other unknown or unpredictable factors which may involve external factors over which we may have no control or changes in our plans, strategies, objectives, expectations or intentions, which may happen at any time at our discretion, could also have material adverse effects on future results. Except as otherwise required to be disclosed in periodic reports required to be filed by public companies with the SEC pursuant to the SEC’s rules, we have no duty to update these statements, and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks and uncertainties, current plans, anticipated actions, and future financial conditions and results may differ from those expressed in any forward-looking information contained herein.

    http://www.valueline.com
    http://www.ValueLinePro.comhttp://www.ValueLineLibrary.com
    Facebook | LinkedIn | Twitter
    Complimentary Value Line® Reports on Dow 30 Stocks

    The MIL Network

  • MIL-OSI USA: Attorney General Bonta Issues Warning to Company Facilitating Illegal Robocalls

    Source: US State of California

    Continues work to protect consumers from annoying — and deceitful — robocalls

    OAKLAND — California Attorney General Rob Bonta today joined the Federal Communications Commission (FCC) and a coalition of 51 bipartisan attorneys general in issuing a warning letter to a telecom company responsible for transmitting suspected illegal robocall traffic, including robocalls that impersonated government officials and imitated a hotline used by the Illinois Attorney General’s office. 

    In the warning letter, Attorney General Bonta and the attorneys general on the nationwide Anti-Robocall Multistate Litigation Task Force warn iDentidad Advertising Development LLC dba iDentidad Telecom (iDentidad) that they need to cease transmitting any unlawful call traffic immediately. Originating and transmitting illegal robocalls violates the Telephone Consumer Protection Act, the Telemarketing Sales Rule, the Truth in Caller ID Act, and other state consumer protection laws.

    “Consumers deserve to know that the voice on the other end of the line is precisely who they claim to be. Robocalls aren’t just frustrating, they can result in serious financial harm and the impersonation of government officials,” said Attorney General Bonta. “I am proud to join in this national, bipartisan effort to protect consumers from unwanted robocalls and warn companies to stop illegal conduct immediately.”

    The Task Force notes that iDentidad is a gateway provider responsible for funneling high-volume robocall campaigns from outside the country into the U.S., including a large number of illegal or suspicious calls involving IRS/Social Security Administration government imposters, utility scams, and financial scams. The letter warns iDentidad that if they don’t stop routing suspicious or illegal robocall traffic, the attorneys general may take legal action including seeking damages, civil penalties, and injunctions. In addition to the warning letter, the FCC also sent a cease-and-desist to iDentidad today, demanding that it immediately stop supporting illegal robocall traffic on its network.

    The Anti-Robocall Multistate Litigation Task Force of 51 bipartisan attorneys general investigates and takes legal action against those responsible for routing significant volumes of illegal robocall traffic into and across the United States.

    Attorney General Bonta is committed to enforcing consumer protections in the state of California and speaking out for consumer protections nationwide, including working to put a stop to illegal robocalls. In February, Attorney General Bonta joined a coalition of 51 bipartisan attorneys general in issuing a warning letter to a company that allegedly sent New Hampshire residents scam election robocalls during the New Hampshire primary election. In January, Attorney General Bonta joined a coalition of 26 attorneys general in filing a comment letter responding to the Federal Communications Commission’s (FCC) notice of inquiry related to the potential impact of emerging artificial intelligence (AI) technology on efforts to protect consumers from illegal robocalls or robotexts. In May 2023, Attorney General Bonta, as part of a bipartisan coalition of 49 attorneys general, announced a lawsuit against Avid Telecom for allegedly initiating and facilitating billions of unlawful robocalls that included Social Security Administration scams, Medicare scams, and employment scams. 

    A copy of the letter is available here.

    MIL OSI USA News

  • MIL-OSI Russia: IMF Executive Board Completes the Fifth Review of the Extended Fund Facility Arrangement for Ukraine

    Source: IMF – News in Russian

    October 18, 2024

    • The IMF Board today completed the Fifth Review of the extended arrangement under the Extended Fund Facility (EFF) for Ukraine, enabling a disbursement of about US$1.1 billion (SDR 834.9 million) to Ukraine, which will be channeled for budget support.
    • Ukraine’s economy remains resilient, and performance remains strong under the EFF despite challenging conditions. The authorities met all end-June quantitative performance criteria and completed four structural benchmarks.
    • Sustained reform momentum, domestic revenue mobilization, and timely disbursement of external support are necessary to safeguard macroeconomic stability, restore fiscal and debt sustainability, and enhance institutional reforms.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) today completed the Fifth Review of the EFF arrangement for Ukraine, enabling the authorities to draw US$1.1 billion (SDR 834.9), which will be channeled for budget support. This will bring the total disbursements under the IMF-supported program to US$8.7 billion.

    Ukraine’s 48-month EFF arrangement, with access of SDR 11.6 billion (equivalent to US$15.5 billion, or about 577 percent of quota), was approved on March 31, 2023, and forms part of a US$151.4 billion support package for Ukraine. The authorities’ IMF-supported program helps anchor policies that sustain fiscal, external, and macro-financial stability at a time of exceptionally high uncertainty. The EFF aims to support the economic recovery, enhance governance, and strengthen institutions with the aim of promoting long-term growth in the context of reconstruction and Ukraine’s path to EU accession.

    All end-June and continuous quantitative performance criteria and indicative targets were met. The authorities have implemented prior action for the review, and completed structural benchmarks relating to tax privileges, public companies affected by the war, customs reform and public investment management, underscoring their continuing commitment to an ambitious reform agenda. Two structural benchmarks have been reset to allow more time for completion of the reform.

    The economy was more resilient than expected in the first half of 2024, with continued growth, moderate inflation, and adequate reserves bolstered by continued sizeable external support. Nevertheless, the outlook for the remainder of the year and 2025 has worsened since the Fourth Review, largely due to sustained Russian attacks on Ukrainian energy infrastructure and uncertainty about the war; overall, the outlook remains subject to exceptionally high uncertainty.

    Following the Executive Board discussion on Ukraine, Ms. Kristalina Georgieva, Managing Director of the IMF, issued the following statement[1]:

    1. Russia’s war in Ukraine continues to bring a devastating social and economic toll on Ukraine. Despite the war, macroeconomic and financial stability is being preserved through skillful policymaking by the Ukrainian authorities as well as substantial external support. The economy has remained resilient, despite significant damage to the energy infrastructure, reflecting the continued adaptability of households and firms.
    2. Ukraine’s performance and commitment under the program continues to be strong. All quantitative performance criteria for end-June were met, and those for end-September are expected to have been met. All but one structural benchmark through end-September were completed, while the missed structural benchmark has been reset to accommodate delays in the appointment process partly beyond the control of the authorities. Moreover, two structural benchmarks due later in the year and the prior action for the review was also implemented. The program remains fully financed with a cumulative external financing envelope of US$151 billion in the baseline and US$187 billion in the downside over the 4-year program period, including with new commitments from the Extraordinary Revenue Acceleration Loans for Ukraine (ERA) initiative.
    3. Looking ahead, the recovery is expected to slow amid headwinds from the impact of the attacks on energy infrastructure and the continuing war, while risks to the outlook remain exceptionally high. Preparedness is necessary to enable appropriate policy action should risks materialize.
    4. Ukraine’s financing needs remain large, driven by the continuing war. Timely and predictable external support—on terms consistent with debt sustainability—is essential to closing financing gaps and safeguarding stability. At the same time, decisive domestic revenue mobilization is critical for Ukraine to meet elevated spending needs, respond to shocks, and restore fiscal sustainability, which will require further tax policy measures as well as efforts to improve compliance and combat evasion, as envisioned under the National Revenue Strategy.

    Further strengthening medium-term budgeting, fiscal risk frameworks and transparency, and public investment management should advance in support of these goals.

    1. The Eurobond exchange in August was an important milestone in the authorities’ strategy to restore debt sustainability. Efforts to conclude the remaining steps in line with the authorities’ strategy and the program’s debt sustainability objectives should continue.
    2. Continued exchange rate flexibility under the managed exchange rate regime will help strengthen the resilience of the economy to external shocks. The recent uptick in inflation suggests limited room for further easing in the near term, though inflation remains well-anchored, and the FX cash market continues to show stability. A state-dependent and gradual approach to the easing of FX controls remains essential to safeguard FX reserves. The authorities’ efforts to avoid monetary financing should continue.
    3. The financial sector remains stable. Efforts should continue to strengthen bank resolution and supervision, governance, and contingency planning in view of risks to the outlook.
    4. Continuing the reform momentum in anticorruption and governance, including ensuring the effectiveness of anticorruption institutions and strengthening governance in the energy sector, remain essential to help contain fiscal risks, secure donor confidence and enhance growth, which would also support Ukraine’s path to EU accession.

    Table 1. Ukraine: Selected Economic and Social Indicators, 2021–33

     

    2021

    2022

    2023

    2024

    2025

    2026

    2027

     

     

     

    Act.

    Act.

    Act.

    Proj.

    Proj.

    Proj.

    Proj.

     

     

    Real economy (percent change, unless otherwise indicated)

    Nominal GDP (billions of Ukrainian hryvnias) 1/

    5,451

    5,239

    6,538

    7,542

    8,542

    9,715

    10,761

    Real GDP 1/

    3.4

    -28.8

    5.3

    3.0

    2.5-3.5

    5.3

    4.5

    Contributions:

    Domestic demand

    12.9

    -22.9

    13.9

    6.3

    5.1

    4.6

    4.3

    Private consumption

    4.7

    -16.8

    5.5

    3.1

    3.2

    3.8

    3.5

    Public consumption

    0.1

    12.5

    2.6

    -0.1

    -1.0

    -2.5

    -2.0

    Investment

    8.1

    -18.6

    5.8

    3.3

    2.9

    3.3

    2.7

    Net exports

    -9.5

    -5.9

    -8.6

    -3.3

    -2.6

    0.7

    0.2

    GDP deflator

    24.8

    34.9

    18.5

    12.0

    10.5

    8.0

    6.0

    Unemployment rate (ILO definition; period average, percent)

    9.8

    24.5

    19.1

    14.2

    12.7

    10.4

    9.4

    Consumer prices (period average)

    9.4

    20.2

    12.9

    5.8

    9.0

    7.7

    5.0

    Consumer prices (end of period)

    10.0

    26.6

    5.1

    9.0

    7.5

    6.6

    5.0

    Nominal wages (average)

    20.8

    1.0

    20.1

    16.6

    17.1

    14.1

    10.6

    Real wages (average)

    10.5

    -16.0

    6.4

    10.2

    7.5

    6.0

    5.3

    Savings (percent of GDP)

    12.5

    17.1

    9.7

    9.2

    5.2

    10.5

    16.4

    Private

    12.7

    30.2

    24.6

    25.5

    20.2

    15.7

    14.0

    Public

    -0.2

    -13.1

    -14.8

    -16.3

    -15.0

    -5.1

    2.5

    Investment (percent of GDP)

    14.5

    12.1

    15.1

    17.3

    19.5

    21.0

    22.3

    Private

    10.7

    9.6

    10.4

    14.8

    15.4

    16.6

    17.2

    Public

    3.8

    2.5

    4.8

    2.4

    4.1

    4.4

    5.1

    General Government (percent of GDP)

    Fiscal balance 2/

    -4.0

    -15.6

    -19.6

    -18.7

    -19.2

    -9.5

    -2.7

    Fiscal balance, excl. grants 2/

    -4.0

    -24.8

    -26.1

    -24.5

    -20.0

    -9.8

    -3.8

    External financing (net)

    2.4

    10.8

    16.5

    15.2

    18.2

    8.8

    3.3

    Domestic financing (net), of which:

    1.6

    5.0

    3.1

    3.5

    1.0

    0.8

    -0.6

    NBU

    -0.3

    7.3

    -0.2

    -0.2

    -0.2

    -0.1

    -0.1

    Commercial banks

    1.5

    -1.5

    2.5

    3.5

    1.0

    0.8

    -0.6

    Public and publicly-guaranteed debt

    50.5

    77.7

    82.3

    95.6

    106.6

    107.6

    102.6

    Money and credit (end of period, percent change)

    Base money

    11.2

    19.6

    23.3

    16.7

    13.2

    12.7

    12.4

    Broad money

    12.0

    20.8

    23.0

    15.4

    13.3

    11.9

    10.1

    Credit to nongovernment

    8.4

    -3.1

    -0.5

    9.0

    12.9

    21.5

    18.7

    Balance of payments (percent of GDP)

    Current account balance

    -1.9

    5.0

    -5.4

    -8.1

    -14.3

    -10.5

    -5.9

    Foreign direct investment

    3.8

    0.1

    2.6

    2.0

    2.1

    4.3

    4.9

    Gross reserves (end of period, billions of U.S. dollars)

    30.9

    28.5

    40.5

    42.6

    44.9

    49.1

    52.4

    Months of next year’s imports of goods and services

    4.5

    3.8

    5.1

    5.1

    5.4

    5.7

    6.0

    Percent of short-term debt (remaining maturity)

    67.5

    64.3

    89.5

    106.2

    106.3

    118.3

    124.5

    Percent of the IMF composite metric (float)

    104.4

    103.6

    124.3

    113.5

    104.7

    104.0

    106.9

    Goods exports (annual volume change in percent)

    35.1

    -43.7

    -15.4

    15.7

    6.2

    14.0

    6.3

    Goods imports (annual volume change in percent)

    17.0

    -24.1

    21.5

    14.1

    7.0

    8.8

    9.5

    Goods terms of trade (percent change)

    -8.4

    -11.6

    3.6

    0.3

    -1.8

    1.2

    1.4

    Exchange rate

    Hryvnia per U.S. dollar (end of period)

    27.3

    36.6

    38.0

    Hryvnia per U.S. dollar (period average)

    27.3

    32.3

    36.6

    Real effective rate (deflator-based, percent change)

    10.2

    27.5

    -1.5

    Memorandum items:

    Per capita GDP / Population (2017): US$2,640 / 44.8 million

    Literacy / Poverty rate (2022 est 3/): 100 percent / 25 percent

    Sources: Ukrainian authorities; World Bank, World Development Indicators; and IMF staff estimates.

    1/ GDP is compiled as per SNA 2008 and excludes territories that are or were in direct combat zones and temporarily occupied by Russia (consistent with the TMU).

    2/ The general government includes the central and local governments and the social funds.

    3/ Based on World Bank estimates.

    [1] At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summing up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Camila Perez

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/18/pr24381-ukraine-imf-executive-board-completes-fifth-rev-eff-arrangement

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: Reforms in MoSPI to increase efficiency in Decision-Making

    Source: Government of India

    Posted On: 18 OCT 2024 6:23PM by PIB Delhi

    Ministry of Statistics and Programme Implementation (MoSPI) has been making efforts to reform in order to increase the efficiency and decision making following the agenda of “Reform and Perform” with the objective of improving the National Statistical System. MoSPI has taken two major steps in this direction.

    1. Delegation of Financial Powers to HODs in the Divisions/ Units including Field Offices of MoSPI:

    Ministry of Statistics & Programme Implementation (MoSPI) in an important administrative reform re-visited its decade old delegations of Financial Powers and revised & updated its Delegation of Financial Powers on 06.09.2024 in accordance with the DFPR, 2024, delegated financial powers to 71 Heads of Department (HOD) as against 07 HoD at present in the Zonal Offices/Regional Offices of MOSPI. These delegations have been framed to empower and allow greater autonomy to all the authorities at Zonal & Regional Offices and reduce bottlenecks. These delegations are likely to facilitate ease of doing business and timely disposal of financial matters.

    2. Creation of two survey wise verticals / divisions in National Sample Survey (NSS) in the MoSPI:

    In order to functionally re-organise National Sample Survey (NSS) from process-based to product-based ecosystem with the objective to ensure that survey methodologies are strengthened and NSS is able to release qualitative results/ reports in shortest possible time, MoSPI has created two survey wise verticals/ divisions in NSS by reorganizing/ reforming Survey Design and Research Division (SDRD) as Household Survey Division (HSD) and Data Processing Division (DPD) and Industrial Statistics (IS) Wing together as Enterprise Survey Division (EnSD) to provide turnkey services with respect to a particular product/ survey.

    *****

    SB/DP/ARJ

    (Release ID: 2066162) Visitor Counter : 66

    MIL OSI Asia Pacific News

  • MIL-OSI USA: RI Delegations Lands $13M in New Lead Poisoning Prevention Funds for Providence & Woonsocket

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed
    PROVIDENCE, RI – Ahead of the 25th annual National Lead Poisoning Prevention Week, which starts October 20 and runs through the 26th, U.S. Senators Jack Reed and Sheldon Whitehouse and Representatives Seth Magaziner and Gabe Amo are delivering $6.5 million for Providence and $6.5 million for Woonsocket through the federal Lead-Based Paint Hazard Reduction Program (LHR) to make more homes and apartments across the state lead-safe for children and families.  Individual homeowners, renters, and landlords can apply directly through the City of Providence and City of Woonsocket, which work with local community agencies and non-profits to use the federal funds to pay specialized professionals for lead paint abatement and remediation in private residences.
    According to the U.S. Environmental Protection Agency (EPA), nearly 300,000 housing units in Rhode Island have potential lead paint hazards and associated lead-contaminated yards. Of these units, over 90,000 are low-income households.  The Lead-Based Paint Hazard Reduction Program can help these households save thousands of dollars on the cost of eliminating lead-related hazards and making the properties safer and more valuable. 
    Exposure to lead-based paint is a serious health threat, especially for children under six who may touch, swallow, or breathe in lead dust.  Lead exposure can cause adverse health effects such as brain damage, slowed growth and development, and other problems affecting learning, behavior, hearing, and speech.  If a child is exposed to lead, early detection and intervention is critical to prevent adverse, long-term impacts.
    An estimated 1,300 children in Rhode Island are lead poisoned each year, according to state estimates.
    The $13 million in federal funds, which are administered at the national level by the U.S. Department of Housing and Urban Development (HUD) — and spearheaded locally by the Community Action Partnership of Providence — will help Providence and Woonsocket expand local efforts to address lead hazards in housing units, making houses and apartments healthier and safer for families, and raising public awareness about the risks associated with lead paint.
    “This is a smart investment in remediating lead hazards, making homes safer, reducing health care costs, improving educational performance, and helping more kids and families lead healthier lives,” said Senator Reed, a member of the Appropriations Committee who led Congressional efforts to fund the Lead-Based Paint Hazard Reduction Program and worked with Woonsocket to extend its deadlines to ensure it can use the funds to help more eligible families.  In 1999, Senator Reed authored a resolution (S. Res 199) establishing the first ever National Lead Poisoning Prevention Week.
    “Too many older homes in Rhode Island are filled with hidden lead hazards because of the high costs of lead remediation, leaving children and families unsafe in their own homes,” said Senator Whitehouse, a former Attorney General for Rhode Island who filed the state’s first lawsuit against lead paint manufacturers. “This new funding will give Providence and Woonsocket homeowners the financial resources they need to remove these hazards and keep their little ones safe.”
    “There is no amount of lead exposure that is safe, and this federal funding will help Rhode Islanders remove lead from their homes to keep children and families safe and healthy,” said Rep. Seth Magaziner.
    “Toxic lead has no place in our drinking water and it has no place in household paint,” said Congressman Gabe Amo. “I am grateful that we secured these federal funds to help remediate homes and apartments throughout Rhode Island so we can better protect the health of young children and families in our community.”
    Working together, the delegation helped make $469,655,877 in federal funding for LHR grants available nationwide.
    “We talk every day with parents, tenants, homeowners, and landlords facing lead safety challenges – and our local lead hazard reduction programs help all of them,” said Laura Brion, Executive Director of the Childhood Lead Action Project. “This new influx of funding will allow hundreds of Rhode Island families to keep their children healthy and safe from lead, potentially changing the trajectory of their whole lives.”
    To participate in the Lead-Based Paint Hazard Reduction program, families must meet certain income requirements and have a child in the home.  If eligible, a trained contractor will assess the home for lead and eventually work to remove any hazards, which would typically cost thousands of dollars if paying out of pocket.
    In Rhode Island, LHR projects are awarded on a first-come, first served basis.  Families and landlords may apply to their local lead safe partner program:
    Providence – Lead Safe Providence Program: https://cappri.org/programs/lead-safe-providence
    Woonsocket – Woonsocket Lead Hazard Reduction Program: https://www.woonsocketri.gov/planning-development/lead-hazard-reduction-program
    Statewide – RIHousing LeadSafe Homes Program: https://www.rihousing.com/leadsafe_homes/
    Typical lead removal or remediation includes the replacement of lead-tainted windows and doors, adding exterior siding, and covering up or removing lead paint on porches.  For a 2,000-square-foot residence, the average cost of lead paint removal is about $15,000, and the entire bill may be paid using federal funds.
    According to the Rhode Island Department of Health (RIDOH), starting this month, all Ocean State landlords who rent a residential property that was built before 1978 and that is not exempt from the state’s Lead Hazard Mitigation Act must provide a valid Certificate of Lead Conformance or other lead certificate in order to comply with a new state law.
    RIDOH also reminds parents and caregivers to have children screened for lead exposure once by 18 months and a second time by 36 months. Having a child’s blood tested for lead is the only way to know if they have been exposed to lead and what actions to take. It is also the first step to finding and removing the source of lead.  Many children exposed to lead have happy and healthy lives, but early intervention is critical. 

    MIL OSI USA News

  • MIL-OSI Asia-Pac: 44 Bids Received under 10th Round of Commercial Coal Mine Auctions

    Source: Government of India

    Posted On: 18 OCT 2024 6:27PM by PIB Delhi

    The Ministry of Coal has received an overwhelming response for the coal mines offered under the 10th round of commercial coal mine auctions, with a total of 44 bids submitted in physical form. The substantial number of bids underscores the continued interest and participation from stakeholders in India’s evolving coal sector.

    The 10th round of auctions, launched by the Ministry of Coal on June 21, 2024, offered 67 coal mines for commercial mining. The auction process has drawn considerable participation from small and medium-sized players, indicating the inclusive nature of the auction process. This inclusivity highlights that the reforms in the coal sector have been well received across the industry, regardless of the size of the players. Such enthusiastic participation is a testament to the Ministry’s efforts in creating a more open and competitive coal market in India.

    The last date for bid submission was October 18, 2024, marking the closure of the bid submission phase. The online bids received during the auction process, along with the offline bids submitted to the office of the Nominated Authority, will be opened on October 21, 2024, in the presence of the bidders, ensuring transparency and fairness in the evaluation process.

    The strong response to this round of auctions is a significant step towards making the country self-reliant in energy and aligns with the Government’s vision of ‘Atmanirbhar Bharat’. By engaging a diverse range of participants, the Ministry aims to further enhance coal production, ensuring a reliable supply of coal for various sectors, thereby supporting the nation’s energy security and reducing dependence on coal imports. The Ministry of Coal remains committed to fostering a dynamic and competitive environment for the coal sector, ensuring the availability of coal resources to meet the growing demands of the economy.

    ****

    ST

    (Release ID: 2066164) Visitor Counter : 81

    MIL OSI Asia Pacific News

  • MIL-OSI USA: Casey Exposes Private Equity’s Shady Dealings at Charleroi Glass Manufacturing Plant, Urges Federal Investigation and Injunction to Protect PA Workers

    US Senate News:

    Source: United States Senator for Pennsylvania Bob Casey
    Private equity owners seek to shut down Pyrex plant that has been a keystone of Charleroi, PA for 132 years
    In recent years, Wall Street has gutted companies and communities in a seemingly never-ending quest to make a quick buck off the backs of hardworking Americans
    In light of new report, Casey is pressing FTC to pursue measures to stop the plant closure pending a full investigation into private equity firm Centre Lane Partners’ potential illegal activity to acquire plant without regulatory approval
    Read Casey’s report: Charleroi, PA: An Example of How Private Equity is Shattering the Glass Industry and Leaving Workers Behind HERE
    Washington, D.C. – Today, U.S. Senator Bob Casey (D-PA), member of the Senate Finance Committee, released a report exposing how a private equity firm is shattering Charleroi’s 132-year-old proud tradition of glass manufacturing. Closing the Charleroi Pyrex glassware factory would not only cost more than 300 Pennsylvanians their jobs but would change the fabric of this community and put an end to one of Pennsylvania’s most impressive manufacturing success stories. His report, Charleroi, PA: An Example of How Private Equity is Shattering the Glass Industry and Leaving Workers Behind, exposed private equity firm Centre Lane Partners for questionable financial engineering and shady business deals that culminated in Centre Lane’s recent decision to close the plant, leaving its workers as collateral damage. In the report and a follow up letter to FTC Chair Lina Khan, Casey called on the Federal Trade Commission (FTC) and Department of Justice (DOJ) to take action to block the plant closure pending the outcome of a full investigation into the private equity firm for its efforts to evade regulatory rules to strip the plant bare and lay off Pennsylvania workers.
    “Private equity crushing Charleroi’s generational legacy of glass manufacturing is yet another example of Wall Street screwing over Pennsylvania workers. The plant’s closure is a slap in the face to workers, their community, and the people of Pennsylvania,” said Senator Casey. “I am working every day to protect union jobs and hold Wall Street executives accountable for the havoc they’ve wreaked in our Commonwealth.”
    Since Anchor Hocking abruptly announced plans to close this glass manufacturing plant in September 2024, Senator Casey has been investigating the questionable practices used by Anchor Hocking’s private equity owner, Centre Lane Partners, to make a quick buck. In his report, Casey revealed how private equity firms like Centre Lane prioritized short term ownership of companies to maximize profits at the expense of companies’ long-term health. Specifically, the report showed how Centre Lane purchased two of the Nation’s largest home glassware brands, Pyrex and Anchor Hocking, even though it initially failed to receive regulatory approval to purchase Pyrex in the fall of 2023. Casey’s report exposed Centre Lane’s actions to obtain a potential monopoly in the home glassware manufacturing market and emphasized the urgent need for a federal investigation. The report also laid out a timeline detailing Centre Lane Partners’ questionable financial engineering and shady business deals that culminated in the decision to consolidate its home glassware manufacturing at a separate Anchor Hocking facility outside of Pennsylvania.
    The initial findings outlined in Senator Casey’s report only raised more alarms about Centre Lane’s potential illegal activity. In a letter to FTC Chair Lina Khan, Casey laid out the perplexing and questionable practices of Centre Lane and its acquisition of several glassware companies and called for a swift and full investigation. Casey urged the FTC to block the closure of the plant while it investigates whether Centre Lane violated the law in its acquisition of the facility.  
    Casey’s report and call for investigation continue his tireless efforts to combat the Charleroi plant’s closure and save Pennsylvania jobs from the ravages of private equity. Immediately upon learning of Anchor Hocking’s plans to close the plant on September 5th, Senator Casey’s office reached out to the plant’s union leadership and Charleroi Borough officials, connecting them with federal and state authorities. Casey’s office also helped convene a task force of county commissioners, borough officials, and local economic development leaders. Casey’s staff also alerted the White House Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization to the situation, leading to several federal officials visiting Charleroi on September 11th. On September 19th, Senator Casey sent a letter to Anchor Hocking demanding an explanation for the closure and imploring the company to reconsider its actions. On September 20th, Senator Casey and Senate Finance Committee Chair Senator Ron Wyden successfully requested a joint confidential briefing with the Federal Trade Commission (FTC) on questions concerning Anchor Hocking’s assumption of control of the Pyrex manufacturing operation in Charleroi.
    Read the full report “Charleroi: An Example of How Private Equity is Shattering the Glass Industry and Leaving Workers Behind” HERE.
    Read the full letter to FTC Chair Lina Khan HERE or below:
    Dear Chair Khan:
    I write today regarding the recent decision to shut down the Pyrex glass factory in Charleroi, Pennsylvania by its private equity owners, Centre Lane Partners, and parent company, Anchor Hocking. As I have detailed in a recent report entitled, Charleroi, PA: An Example of How Private Equity is Shattering the Glass Industry and Leaving Workers Behind, Charleroi has become the latest victim of the all-too-common abusive financial engineering that private equity owners engage in to make a quick profit at the expense of its workers and consumers.  In light of the numerous concerns that I raise in that report and this letter, I believe that Center Lane Partners’ acquisition of the Charleroi Pyrex plant deserves the fullest scrutiny by federal enforcement agencies, and I urge you to take whatever action necessary—including filing for preliminary injunctive relief—to block this plant closure pending the completion of an investigation into the matter.
    As you know, many private equity (PE) firms invest in companies and use financial engineering tactics to extract a quick profit from the company at the expense of its long-term health, its workers, and its customers. Unfortunately, few industries and companies exemplify the abusive PE playbook as much as the glass manufacturing industry and Anchor Hocking. Over the past 28 years, four major domestic glass manufacturers have filed for bankruptcy eight times among them—one bankruptcy every 3.5 years. In five of those cases, the company was owned by a PE firm —a fact that is not surprising given that PE-owned companies are far more likely to go bankrupt than non-PE-owned companies. 
    From dividend recaps and leasebacks to layoffs and cutting employee benefits, including retirees’ healthcare, PE firms have specifically abused Anchor Hocking and its workers for far too long.  However, over the course of my preliminary investigation into the recent circumstances surrounding Anchor Hocking and the Charleroi Pyrex plant, I am particularly troubled by the manner in which the PE firm, Centre Lane Partners (“Centre Lane”), came to acquire the Charleroi Pyrex plant. This acquisition set the stage for the subsequent announced closure of the plant, as well as the hundreds of lost jobs associated with the closure.
    In June 2023, the Charleroi plant’s prior parent company, Instant Brands (“Instant”), filed for bankruptcy. Instant was owned by another PE-firm, Cornell Capital, and included the popular Instant Pot and other consumers brands including Corelle, Pyrex, Snapware, CorningWare, Visions and Chicago Cutlery.  After a bankruptcy auction in September, Centre Lane received court approval to acquire Instant’s housewares and appliances businesses in two separate transactions for $228.2 million and $122.6 million, respectively.  Based on the Hart-Scott-Rodino (HSR) Act, I understand that these acquisitions would have both been subject to FTC premerger review given that they were higher than the HSR filing threshold in 2023—$111.4 million.
    In November 2023, Centre Lane officially acquired Instant’s appliance division, but bankruptcy documents filed in December confirmed that Centre Lane failed to receive the required regulatory approvals to finalize the deal for Instant’s housewares division.  As a result, Instant proposed a new plan wherein Instant would emerge from bankruptcy under the ownership of its prior lenders. In February 2024, Instant’s restructuring plan was approved and the housewares division emerged from bankruptcy under the new name, Corelle Brands (“Corelle”), and under the ownership of its prior lenders, including Centre Lane, which held 33.6% of the company.
    Less than a week and a half later, Centre Lane purchased the remaining 66.4% of Corelle from the majority lenders, including another PE firm, Citadel Group (“Citadel”), for approximately $38.5 million.  The Anchor Hocking CEO informed me that this decision was made after “[t]he majority owners of Corelle, who had no operating or industrial expertise in the glass manufacturing industry broadly speaking, approached Centre Lane . . . about buying their ownership interests, as it became clear that Corelle Brands on a stand-alone basis would likely not be economically viable.”  Days later, Centre Lane transferred ownership of Corelle to a subsidiary of Anchor Hocking in exchange for common stock valued at approximately $79.8 million.  Approximately six months later, in September 2024, Anchor Hocking announced that it would be shutting down the Charleroi Pyrex plant.
    Given this timeline, it is fair to question why a PE firm—seemingly as sophisticated and savvy as Citadel—decided to acquire a company coming out of bankruptcy only to determine less than a week and a half later that it was no longer a viable investment. But it is even more perplexing that Centre Lane was able to acquire two-thirds of Corelle for merely $38.5 million in March 2024 and transfer it to Anchor Hocking days later at yet another price ($79.8 million)—all while evading FTC oversight—after it previously bid nearly $230 million for the same company and filed for regulatory approval in September 2023.
    The timeline of these financial transactions raises enough questions on its own, but the subsequent decisions of Centre Lane also justify further scrutiny. I have been informed by locals in Charleroi that despite taking ownership over Corelle, Anchor Hocking does not actually control two of Corelle’s most valuable brands—Pyrex and Snapware. It is my understanding that the licenses for these brands are in the process of being transferred or have already been transferred to another Centre Lane affiliate, 1880 Hospitality. This assertion is further supported by Anchor Hocking’s letterhead, which includes all of Corelle’s previous brands, except for Pyrex and Snapware.  It is difficult to discern a logical business reason for such a move, but even more peculiar—it further calls into question the financial details of these transactions. How did Centre Lane acquire two-thirds of Corelle, including Pyrex and Snapware, for just $38.5 million from its prior owners, and then days later, transferred it to Anchor Hocking for approximately $79.8 million without two of its biggest brands—Pyrex and Snapware?
    At the core of these questions and concerns is whether Centre Lane engaged in any illegal activity to evade FTC scrutiny in pursuit of an anticompetitive advantage in the kitchenware and glassware markets. To better understand these concerns, it is important to review Centre Lane’s recent acquisition history. As you know, “rollups” are a common PE tactic to acquire many smaller companies in a specific market to be able to better exert market power and extract economic rents in a market. For example, since at least 2018, Centre Lane has made a concerted effort to acquire numerous kitchenware and tableware brands, and its portfolio now includes Anchor Hocking, Corelle, Pyrex, Corningware, Snapware, Chicago Cutlery, Visions, Lenox, Oneida, Kate Spade New York tabletop collection, Hampton Forge, Reed & Barton, and Cambridge.  Centre Lane’s increasing market share in the kitchenware industry raise some broader antitrust questions, but none more so than the glassware market. 
    In the domestic market, “heavy” glassware products—such as bakeware, measuring cups, and food storage containers—are primarily sold under two brands—Anchor Hocking and Pyrex. A simple search on just a few retail websites is illustrative. On Target’s website, 11 of the 12 glass bakeware products sold in-store are Pyrex, and in Wal-Mart, 33 of the 45 glass bakeware products sold in-store are either Pyrex or Anchor Hocking.  On Costco’s website, a search for “glass food containers” returns nine results—five of which include Anchor Hocking or Pyrex.  When searching for “glass measuring cups” sold on Amazon.com, 11 of the first 20 products are Pyrex or Anchor Hocking.  Permitting Centre Lane to control both Anchor Hocking and Pyrex clearly increases its ability to manipulate the glassware market at the expense of both consumers and workers.
    During your time as Chair of the Federal Trade Commission, your focus on the impact of PE in our markets has been laudable. As you highlighted in remarks on March 5 regarding the impact of PE in healthcare, some PE firms can provide an important source of capital for companies and aim to “take a more long-term view and focus on creating real operational improvements to generate value in ways that provide broader benefits.”  Too many, however, “take a different approach, where they load up companies with enormous amounts of debt, strip valuable assets and sell them off to enrich the private equity owners, and pursue financial engineering tactics that leave the underlying firm weaker and worse off.”  Given the history of PE abuses at Anchor Hocking and its recent decisions at the Charleroi Pyrex plant,  I am afraid that Centre Lane falls into the latter category.
    In light of my preliminary investigation and the information that I have shared in this letter, I respectfully request your response to the following questions. Additionally, recognizing the strict confidentiality requirements under the Hart-Scott-Rodino Act, I ask that you answer these questions to the best of your ability as a general statement of law and agency practice, and not related to any particular individual case or company:
    In your experience, is it common for a company to be valued at nearly $230 million in a bankruptcy auction, but then be bought for only a third of that price months later?
    If a company is initially denied regulatory approval to acquire another company by the FTC, is it legal for the company to proceed with the acquisition under different terms without notifying the FTC?
    What tools does the FTC have to address anticompetitive deals that are consummated—either legally or illegally—without FTC premerger review?
    How much market share would a combined firm need to control for the FTC to consider a merger or acquisition to be anticompetitive?
    Is it lawful for a company to establish monopoly power over a market, if the company divides the market among its various subsidiaries? 
    Do antitrust laws and/or FTC guidelines and practices allow a company to divide a potential acquisition’s assets among multiple subsidiaries in order to evade FTC oversight, including HSR premerger review?
    Do antitrust laws and/or FTC guidelines and practices allow a company to evade FTC oversight, including HSR premerger review, by acquiring a company in two steps? For example, by buying only 33% of a company initially, and then later buying the remainder?
    What tools (e.g., statutory authorities, resources) does the FTC need to better address the potentially anticompetitive behaviors of PE firms?
    Over the course of my preliminary investigation into this matter, I have unfortunately been left with far more questions than answers regarding Centre Lanes’ transactions, its decision to close the Charleroi Pyrex plant, and its broader impact on competition in the glassware market. At the very least, these questions deserve the fullest scrutiny from federal enforcement agencies, but unfortunately—time is of the essence. On Thursday, October 10, Centre Lane, through Anchor Hocking, submitted its federally required Worker Adjustment and Retraining Notification (WARN) notice confirming its plans to begin laying off workers in Charleroi on December 9, 2024, and fully shutting down the plant by February 28, 2025. 
    Recognizing the time sensitive nature of this situation and to ensure a full and fair investigation into the many issues that I have raised in this letter, I urge you to consider filing for preliminary injunctive relief against Centre Lane’s acquisition of Corelle and utilizing any other tools at your disposal to block its efforts to shut down the Charleroi Pyrex plant. Knowing the resources and time necessary to pursue court action, I do not make this request lightly, but it is worth noting that there is historical precedent for the FTC to intervene in mergers regarding domestic glass manufacturing companies. In 2002, Libbey abandoned efforts to acquire Anchor Hocking due, in part, to an order issued by the FTC, and over a decade later in 2015, executives again dismissed the possibility of a merger between the two companies given the FTC’s prior concerns. 
    After years of shady business deals and financial engineering, we owe it not only to the workers of Charleroi, but to the thousands of workers across the Nation who have been repeatedly taken advantage of by Wall Street and PE firms, to ensure that we are taking every action possible to fully investigate and hold accountable any company that has engaged in wrongdoing in this situation. Wall Street should not, and cannot, act with impunity.
    Thank you for your leadership on this issue and for your and your staff’s cooperation with Senator Wyden’s and my inquires on this topic to date. I look forward to your prompt response.

    MIL OSI USA News

  • MIL-OSI Asia-Pac: National SC-ST hub mega conclave for creating awareness among SC-ST Entrepreneurs organised at Moga, Punjab

    Source: Government of India

    Posted On: 18 OCT 2024 6:29PM by PIB Delhi

    The Ministry of Micro, Small & Medium Enterprises (MSME), Government of India organized National SC-ST Hub (NSSH) Conclave at Moga, Punjab today to promote entrepreneurship culture and spread awareness of the NSSH Scheme and other Schemes of the Ministry. Ms. Mercy Epao, Joint Secretary, M/o MSME, Dr. Manjeet Bhatoya, Dy. Director General of Foreign Trade, Ministry of Commerce & Industry, Dr. Subhransu Sekhar Acharya, CMD, NSIC, Shri S. P. Angra, Addl. CEO, State Rural Livelihood Mission, Punjab, Shri Hitesh Veer Gupta, Asst. Commissioner, Govt. of Punjab, Shri S. S. Rekhi, GM (DIC) – Moga and other dignitaries were present. The event saw the participation around 700 aspiring and existing SC/ST entrepreneurs.

    Dr. Subhransu Sekhar Acharya, CMD, NSIC , in his opening remarks , briefed  all the dignitaries and participants about the day’s agenda and described the Public Procurement Policy of Government of India which mandated 4% public procurement from SC/ST enterprises and 3% from women enterprises. He said, for inclusive growth, Ministry of MSME implements the National SC-ST Hub Scheme with an objective of creating an ecosystem for SC/ST entrepreneurs and handholding them to participate in the public procurement to reach 4% mandate as per the public procurement policy. He further deliberated on the various initiatives implemented under the National SC-ST Hub scheme for SC/ST entrepreneurs.

    Addressing the conclave, Ms. Mercy Epao, Joint Secretary, M/o MSME emphasized the significant role of the MSME Sector in the Indian Economy.  She stated that MSMEs not only provide huge employment opportunities but also help in the industrialization of rural and backward areas. She highlighted that the contribution of MSMEs is nearly 30% to the GDP and 45% to exports from the country. The sector consists of more than 5.21 crore units (Udyam registered units) employing over 22.28 crore people. She urged the participants to take up entrepreneurship as a profession and be a producer and not only a consumer. She also highlighted the potential of various schemes of the Government of India to empower the MSME Sector and said that the entrepreneurs of the State will explore innovative ideas and business opportunities and avail maximum benefits of these schemes. She also informed about the recent initiative titled ‘Yashawini’ aimed at promoting women-led development through entrepreneurship.

    Ms. Ishita Thaman, Deputy Director, Office of Development Commissioner-MSME described about the PM Vishwakarma Scheme which provides end-to-end support to artisans and craftspeople of 18 trades who work with their hands and tools. The objective of the scheme is to help the traditional artisans and craftspeople to become entrepreneurs and self-reliant.  Information relating to Prime Minister’s Employment Generation Programme (PMEGP), Udyam Registration, etc. were also given. Shri S. P. Angra, Addl. CEO, SRLM, Punjab briefed about various initiatives for Self Help Groups under SRLM in the State of Punjab.

    A special technical session with CPSEs, Banks & Lending institutions was also held providing an interactive platform for aspiring and existing SC/ST entrepreneurs. The CPSEs like GAIL, BHEL, ESIC, NFL etc. gave presentations on their vendor empanelment process and shared the details of products/services that can be procured from SC/ST owned MSEs. The program had the participation of financial institutions such as SIDBI, Punjab & Sind Bank, Indian Overseas Bank and Punjab Gramin Bank, which detailed various lending schemes pertaining to the MSME sector. Other Government bodies like GeM, KVIC, NSFDC, NSTFDC, TRIFED, IFCI Venture Capital and NVCFL also participated in the program and deliberated on their schemes for MSMEs. The program included facilitation desks of PM Vishwakarma and UDYAM Registration for facilitating the on-the-spot registration of SC/ST MSEs participants in the Programme.

    ******

    SK

    (Release ID: 2066166) Visitor Counter : 61

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Leadership Must Be Rooted in Nationalism for India’s Global Rise – says Vice-President

    Source: Government of India (2)

    Leadership Must Be Rooted in Nationalism for India’s Global Rise – says Vice-President

    The Vice-President, Shri Jagdeep Dhankhar, today observed that leadership must be deeply wedded to nationalism and that the nation must be kept at the centre to serve the greater good of the nation. The Vice-President further proposed research in India, innovate in India, and design in India. He said, economic nationalism is fundamental to our growth. Expressing concern over the volume of export of Indian raw materials, he urged the stakeholders to develop economic ethics on not exporting our raw materials without value addition.

    While addressing the Indian School of Business Leadership Summit 2024 at Mohali, the Vice-President underscored, India’s rise in the world would mean global peace, global stability, and global harmony. He also underscored India’s century is not desirous of hegemony or domination but global public good. Stressing on leadership in India’s century, he said that India needs next generation leaders who can drive innovation and change.  He also emphasised on creating leaders who find Indian solutions for Indian and global problems and creating partnerships to resolve challenges of everyday Indian.

    Vice-President highlighted the dangers of indoctrination, likening it to “giving hard sugar to a diabetic patient,” adding, It is creating enemies of the nation from outside, only by making their life affordable. He warned against the increasing trend of young leaders being manipulated and groomed through fellowships, visiting programs, and university affiliations, saying, they are brainwashed, indoctrinated.

    The Vice-President highlighted the dangers of indoctrination, emphasising that it is creating enemies of the nation from outside, only by making their life affordable. He warned against the increasing trend of young leaders being manipulated and groomed through fellowships, visiting programs, and university affiliations, saying, they are brainwashed, indoctrinated.

    Shri Dhankhar emphasized the critical role that nationalism must play in leadership training, urging institutions to incorporate it as a core component of leadership programs.  Nationalism should be a part of leadership curriculum. It is the foremost curriculum as a matter of fact, he stressed. An individual committed to nationalism will be able to thwart these moves. Even by being a part of it, he will be able to stand on his own spinally and thereby neutralize such forces, he said.

    Addressing the significance of grassroots leadership, the Vice-President emphasized that India is the only country with constitutionally structured democracy extending to the village and municipal levels. He remarked, “We have leadership now constitutionally structured at the village level because India is the only country that has constitutionally structured democracy at village level, at municipal level. Most nations have legislatures at state and central levels.

    Shri Dhankhar remarked that Indian talent is increasingly relevant globally and that Indian human resource is dominating global discourse when it comes to corporate heads driving interest everywhere. He further highlighted the transformation that India has undergone in the last decade, becoming a $4 trillion economy with 8% growth potential, expanding infrastructure with four new airports, one metro system built yearly, 500 million bank accounts in the shortest time, 6.5 billion digital transactions monthly.

    Shri Dhankhar also emphasized the governance is dictated only by principles of transparency and accountability and that the youth now have an ecosystem where they can fully exploit their talent as power corridors have been duly sanitized of corrupt elements. Exhorting the youth by referring to them as the leaders-in-making, he urged them to serve the nation with full dedication and be the ambassadors of economic nationalism for the nation.

    Shri Gulab Chand Kataria, Governor of Punjab, Shri Rakesh Bharti Mittal, Vice-Chairman of Bharti Enterprises, Shri Madan Pillutla, Dean, Indian School of Business and other dignitaries were also present on the occasion.

    ****

    JK/RC/SM

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: India has chosen to be a part of solution in sustainability and is changing faster than before: Shri Piyush Goyal

    Source: Government of India

    India has chosen to be a part of solution in sustainability and is changing faster than before: Shri Piyush Goyal

    India’s efforts in circular economy and renewable energy to spur quality of life of the world: Shri Goyal

    Technology, accountability and bold decisions to lead India to become a developed nation by 2047: Shri Goyal

    Hope to deliver and roll out 6G before the rest of the world: Shri Goyal

    Posted On: 18 OCT 2024 7:40PM by PIB Delhi

    Union Minister of Commerce & Industry, Shri Piyush Goyal during his keynote address at the 13th Society for Human Resource Management (SHRM) India Annual Conference & Expo 2024 today in New Delhi said that sustainability is an area where India has chosen to be a part of the solution and now, navigating change faster than before.

    Alluding to the theme of the Conference “India Now: Navigating Change”, Shri Goyal said that India’s foray into green hydrogen, green ammonia and greater storage will holistically help in combating climate change and reduce the country’s import bill on crude oil lowering trade deficits and need for forex. Our effort to adopt a circular economy, move towards electric mobility, produce renewable energy and provide energy to the rest of the world will spur quality of life for India and the world.

    He added that the Government’s bold and decisive decisions, its efforts to push out technology for the well being of the citizens, and ensuring accountability will help India become a developed nation by 2047.

    Shri Goyal said that India’s transformational growth in terms of lowest decadal inflation, rapid increase in forex reserves and rapid economic growth has earned the moniker “Trusted Partner of the World”. Expanding on the advantage India’s demographic dividend has over the world, he said that the Government’s efforts to provide basic needs like infrastructure of roads, power, digital connectivity are increasingly reaching the last man at the bottom of the pyramid preparing a nation of youth to engage with the future. That is the India of today, he said.

    Referring to India’s G20 theme of “One World, One Family and One Future”, the Union Minister said that India’s progress from being a fragile five economy to being the fifth largest economy of the world India has become the preferred investment destination. He said that India of today is the foundation of tomorrow’s India. We have built a strong macroeconomic foundation, we have changed the mindset of the nation to think big and we are confident of achieving our dreams going forward if we align ourselves with the vision and mission of Prime Minister Shri Narendra Modi, he said.

    Speaking about India’s paradigm shift in providing low cost smartphones, data and managing large quantities of digital transactions better than the rest of the world, Shri Goyal stressed that India is leading the world in 6G. We hope to deliver and roll out 6G before the rest of the world, he said.

    ***

    AD/VN/AM

    (Release ID: 2066199) Visitor Counter : 65

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: 149TH ASSEMBLY OF INTER-PARLIAMENTARY UNION (IPU) CONCLUDES

    Source: Government of India

    149TH ASSEMBLY OF INTER-PARLIAMENTARY UNION (IPU) CONCLUDES

    LOK SABHA SPEAKER SH. OM BIRLA HIGHLIGHTS INDIA’S PIVOTAL ROLE IN GLOBAL DIALOGUE AIMED AT ADDRESSING COMMON GLOBAL CHALLENGES

    SH. BIRLA HOLDS SEVERAL BILATERAL MEETINGS WITH COUNTERPARTS FROM PARLIAMENTS FROM ACROSS THE WORLD

    JAMAICA BECOMES 181ST MEMBER OF IPU

    150TH ASSEMBLY OF IPU TO BE HELD IN TASHKENT FROM 5-9 APRIL, 2025

    Posted On: 18 OCT 2024 7:24PM by PIB Delhi

    Lok Sabha Speaker Shri Om Birla led a Parliamentary Delegation (IPD) to the 149th Inter-Parliamentary Union (IPU) Assembly in Geneva which was held from 13th October to 17th October 2024.

    The Delegation comprised of Shri Harivansh, Deputy Chairman, Rajya Sabha; Shri Bhartruhari Mahtab, MP; Shri Anurag Singh Thakur, MP; Shri Rajeev Shukla, MP; Shri Vishnu Dayal Ram, MP; Smt. Aparajita Sarangi, MP; Dr. Sasmit Patra, MP; Smt. Mamata Mohanta, MP; Shri Utpal Kumar Singh, Secretary – General, Lok Sabha and Shri P. C. Mody, Secretary – General, Rajya Sabha.

    Lok Sabha Speaker Shri Om Birla arrives in Geneva on 13 October, 2024 to participate in the 149th Assembly of IPU

     

    Lok Sabha Speaker Shri Om Birla attending the 149th Assembly of IPU on 14 October, 2024

     

    Rajya Sabha MP, Shri Rajiv Shukla participating in the Inter-Parliamentary Union General Assembly 2024 with Lok Sabha Speaker Shri Om Birla on 14 October 2024.

     

    Lok Sabha MP, Smt. Aprajita Sarangi participating in the Governing Council Meeting of Inter-Parliamentary Union with Lok Sabha Speaker Shri Om Birla and Dy. Chairman, Rajya Sabha Shri Harivansh in Geneva on 14 October 2024.

     

    Addressing the Assembly on the theme “Harnessing science, technology and innovation for a more peaceful and sustainable future”, Shri Birla highlighted India’s commitment to multilateralism and the importance of parliamentary dialogue in advancing global challenges. He emphasized the need for equitable distribution of the benefits derived from science and technology, advocating for collaborative efforts among Parliaments to achieve inclusive development. Shri Birla underscored the convergence of technological advancements and innovative approaches to build a resilient future.

    He noted that the Assembly not only underscores the strength of India’s parliamentary diplomacy but also highlights India’s pivotal role in global dialogue aimed at addressing common global challenges.

    Lok Sabha Speaker Shri Om Birla addressing the 149th Assembly of Inter-Parliamentary Union (IPU) in Geneva on the theme “Harnessing science, technology and innovation for a more peaceful and sustainable future.” on 14 October, 2024

     

    Lok Sabha Speaker Shri Om Birla addressing the 149th Assembly of Inter-Parliamentary Union (IPU) in Geneva on the theme “Harnessing science, technology and innovation for a more peaceful and sustainable future.” on 14 October, 2024

     

    Speaking about climate change Shri Birla referenced the “One Sun, One World, One Grid” initiative launched by Prime Minister Narendra Modi. He pointed out India’s significant increase in renewable energy capacity and the various initiatives aimed at addressing climate issues. Highlighting India’s support for innovation through the Start-up India program, Shri Birla noted the India’s position as the third-largest start-up ecosystem globally.

    With 118 Unicorns, with valuation of more than US $ 355 billion, India had become the third largest start-up nation in the world, he added. Referring to India’s unprecedented use of technology for delivery of public services, he illustrated how digitisation of financial services and financial inclusion through JAM Trinity of Jan Dhan, Aadhar and Mobile financial benefits of 2 trillion 495 bllion INR had been transferred through DBT-Direct Benefit Transfer to the bank accounts of beneficiaries under 314 public welfare schemes, ensuring transparency and accountability in governance.

    He called for a robust regulatory framework to protect citizens’ data and ensure responsible use of technology. Shri Birla concluded by mentioning India’s recent legislative efforts related to technology and environment, showcasing advancements like Digital Sansad, which has enhanced efficiency and transparency in governance.

     

    Lok Sabha Speaker Shri Om Birla addressing the149th Assembly of Inter-Parliamentary Union (IPU) in Geneva on the theme “Harnessing science, technology and innovation for a more peaceful and sustainable future.” on 14 October, 2024

     

    Shri Birla also held bilateral meetings with his counterparts from parliaments of other countries, such as Oman, Algeria, Seychelles, Nepal, Switzerland, Thailand, Armenia and Maldives etc. He also addressed the Indian Diaspora in Geneva.

    The Indian delegation engaged in various Committee Meetings and Sessions during the Assembly.

    The Assembly adopted a resolution on the emergency item titled “Response by Parliamentarians to the urgent plea by the UN Secretary-General to recommit to multilateralism for global peace, justice, and sustainability.”

     

    Lok Sabha Speaker Shri Om Birla held a bilateral meeting with Speaker of the Consultative Assembly of Oman State Council H.E. Khalid Al Mawali, on the sidelines of 149th IPU Assembly on 14 October 2024

    Lok Sabha Speaker Shri Om Birla held a bilateral meeting with Speaker of the Consultative Assembly of Oman State Council H.E. Khalid Al Mawali, on the sidelines of 149th IPU Assembly on 14 October 2024.

     

    Lok Sabha Speaker Shri Om Birla met His Excellency Mr. Roger Mancienne, Speaker, Seychelles` National Assembly on the sidelines of IPU149 on 14 October, 2024.

     

    It is noteworthy that the reports from the four Standing Committees of the IPU—namely, those addressing Peace and International Security, Sustainable Development, Democracy and Human Rights, and United Nations Affairs—were also adopted. Members of the IPD participated actively in the discussions surrounding these reports.

    Particularly commendable was the approval by the IPU’s Governing Council of Indian candidates—Smt. Bijuli Kalita Medhi, MP (Working Group on Science and Technology), Dr. Lata Wankhede, MP (IPU High-Level Advisory Group on Counter Terrorism and Violent Extremism), and Shri Anurag Singh Thakur, MP (IPU Standing Committee on UN Affairs)—who were endorsed by the Asia-Pacific Group.

     

    Lok Sabha Speaker Shri Om Birla met His Excellency Mr. Roger Mancienne, Speaker, Seychelles` National Assembly on the sidelines of IPU149 on 14 October, 2024.

    Lok Sabha Speaker Shri Om Birla met Namibia`s National Assembly Speaker, H.E. Peter Katjavivi on the sidelines of IPU149 in Geneva on 14 October, 2024.

     

    The resolution addressing “The Impact of Artificial Intelligence on Democracy, Human Rights, and the Rule of Law,” co-drafted by Dr. Sasmit Patra, MP, was adopted by the IPU. Dr. Patra was also chosen to serve as one of the three rapporteurs for a forthcoming resolution on “Recognizing and Supporting the Victims of Illegal International Adoption and Taking Measures to prevent this Practice.” This resolution will be discussed at the 150th IPU Assembly, with a presentation scheduled for the 151st Assembly.

    Smt. Aparajita Sarangi, MP, and Vice President of the IPU Executive Committee, attended the Executive Committee sessions, which endorsed amendments to the IPU Statutes and Rules, a Charter on the Ethics of Science and Technology, and revisions to the rules governing the Cremer-Passey Prize.

    Shri Bhartruhari Mahtab, MP, participated in a meeting of the Bureau of the IPU Standing Committee on Peace and International Security, where he shared India’s perspectives on current challenges to global peace and security.

    Shri Vishnu Dayal Ram, MP, presented an overview of India’s recent activities in Sustainable Development during the Bureau Meeting of the IPU’s Standing Committee on Sustainable Development.

     

    Lok Sabha Speaker Shri Om Birla met Hon`ble Mr. Lungten Dorji, Speaker, Bhutan National Assembly during IPU149 in Geneva on 14 October, 2024

     

    Smt. Mamata Mohanta, MP, took part in meetings of the Forum of Women Parliamentarians and the IPU Governing Council. Shri Rajiv Shukla, MP, attended a workshop on practical tools for achieving sustainable development, as well as a panel discussion on common principles for support to parliaments, focusing on parliamentary development as a defense against democratic backsliding.

    Secretary General Lok Sabha addressed the delegates at the meeting of the Association of Secretaries General of Parliaments (ASGP) on 16 October 2024.

     

    Lok Sabha Speaker Shri Om Birla addressing members of the Indian Diaspora in Geneva on 14 October, 2024

    Addressing the Indian diaspora, Sh. Birla praised their skill, talent, and commitment. Recognizing their potential as the nation’s strongest brand ambassadors and noting their ability to foster familial relationships and harmony wherever they reside, Shri Birla emphasized the values of diversity and inclusiveness that define the Indian community. He highlighted India’s leadership in confronting global challenges, attributing this confidence to both strong leadership and the power of its citizens and Diaspora.

    Lok Sabha Speaker Shri Om Birla addressing members of the Indian Diaspora in Geneva on 14 October, 2024

    He added that Indo-Swiss collaboration has flourished in areas including trade, investment, technology, education, and the environment. Speaking about the economic ties between India and Switzerland, Shri Birla observed that the signing of the Trade and Economic Partnership Agreement between EFTA countries, including India and Switzerland, is a significant step toward mutual economic development and job creation.

    Lok Sabha Speaker Shri Om Birla addressing members of the Indian Diaspora in Geneva on 14 October, 2024

     

    Lok Sabha Speaker Shri Om Birla with Speaker of the Consultative Assembly of Oman State Council H.E. Khalid Al Mawali, on the sidelines of 149th IPU Assembly on 14 October 2024.

     

    Lok Sabha Speaker Shri Om Birla met with Speaker of House of Representatives of Australia H.E. Mr. Milton Dick, on the sidelines of 149th Assembly of Inter Parliamentary Union on 15 October 2024.

    Lok Sabha Speaker Shri Om Birla met with Speaker of House of Representatives of Australia H.E. Mr. Milton Dick, on the sidelines of 149th Assembly of Inter Parliamentary Union on 15 October 2024

     

    Lok Sabha Speaker Shri Om Birla met with Speaker of National Assembly of Zimbabwe H.E. Mr. Jacob Mudenda, on the sidelines of 149th Assembly of the Inter Parliamentary Union on 15 October 2024

    Lok Sabha Speaker Shri Om Birla met with Speaker of National Assembly of Zimbabwe H.E. Mr. Jacob Mudenda, on the sidelines of 149th Assembly of the Inter Parliamentary Union on 15 October 2024

     

    On the sidelines of the 149th Inter Parliamentary Union (IPU) Assembly in Geneva, Lok Sabha Speaker Shri Om Birla met the President of the IPU H.E. Ms. Tulia Ackson on 15 October, 2024

    Lok Sabha Speaker Shri Om Birla and Deputy Chairman, Rajya Sabha, Shri Harivansh with the President of the IPU H.E. Ms. Tulia Ackson in Geneva on 15 October, 2024.

     

    Lok Sabha Speaker met H.E. Mr. Eric NUSSBAUMER, President of the National Council, Switzerland, on the sidelines of the 149th Assembly of IPU in Geneva on 15 October, 2024.

     

    Lok Sabha Speaker met H.E. Mr. Eric NUSSBAUMER, President of the National Council, Switzerland, on the sidelines of the 149th Assembly of IPU in Geneva on 15 October, 2024.

    Lok Sabha Speaker met H.E. Mr. Eric NUSSBAUMER, President of the National Council, Switzerland, on the sidelines of the 149th Assembly of IPU in Geneva on 15 October, 2024.

     

    Lok Sabha Speaker Shri Om Birla met H.E. Mr. Mongkol Surasajja, President of the Senate of Thailand on the sidelines of the 149th Assembly of IPU in Geneva on 15 October 2024

     

    Lok Sabha Speaker Shri Om Birla met H.E. Mr. Alen Simonyan, President of Armenia`s National Assembly, at the 149th IPU Assembly in Geneva on 15 October, 2024.

     

    Lok Sabha Speaker Shri Om Birla met Speaker, People`s Majlis of Maldives, H.E. Mr. Abdul Raheem Abdulla on the sidelines of the 149th IPU Assembly in Geneva on 15 October, 2024.

     

    Lok Sabha Speaker Shri Om Birla met Speaker, People`s Majlis of Maldives, H.E. Mr. Abdul Raheem Abdulla on the sidelines of the 149th IPU Assembly in Geneva on 15 October, 2024

    Lok Sabha Speaker Shri Om Birla met H.E. Shri Narayan Prasad Dahal, Chairperson of National Assembly of Nepal on the sidelines of the 149th Assembly of IPU in Geneva on 15 October, 2024.

     

    Lok Sabha Speaker Shri Om Birla paid tributes to Mahatma Gandhi at his statue in Geneva on 16 October, 2024, during his visit to the city for the 149th Assembly of IPU.

     

    Lok Sabha Speaker Shri Om Birla paid tributes to Mahatma Gandhi at his statue in Geneva on 16 October, 2024, during his visit to the city for the 149th Assembly of IPU.

     

     

    Lok Sabha Speaker Shri Om Birla participating in the Governing Council meeting of IPU on the concluding day of its 149th Assembly on 17 October, 2024.

    Lok Sabha Speaker Shri Om Birla during an interaction with President of the National People’s Assembly, H.E. Mr. Ibrahim Boughali on the sidelines of 149th Assembly of IPU in Geneva on 16 and 17 October, 2024

    Lok Sabha Speaker Shri Om Birla met President of the National People`s Assembly, H.E. Mr. Ibrahim Boughali on the sidelines of 149th Assembly of IPU in Geneva on 16-17 October 2024

    The IPU has 180 member parliaments and 15 associate members. Members include parliaments from large countries like China, India, and Indonesia, as well as smaller countries like Cabo Verde, San Marino, and Palau.

    Jamaica became the 181st member of the IPU during the Assembly. The next Assembly will be hosted by Uzbekistan, which has invited all member parliaments of the IPU to the 150th Assembly in Tashkent, scheduled for April 5-9, 2025.

    ***

    AM

    (Release ID: 2066198) Visitor Counter : 13

    MIL OSI Asia Pacific News

  • MIL-OSI: Oriental Rise Holding Limited Announces Closing of Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Ningde, China, Oct. 18, 2024 (GLOBE NEWSWIRE) —  Oriental Rise Holding Limited (“Oriental Rise” or the “Company”) (NasdaqCM: ORIS), an integrated supplier of tea products in mainland China, today announced the closing of its initial public offering (the “Offering”) of 1,750,000 ordinary shares at a public offering price of $4 per share. The ordinary shares began trading on Nasdaq Capital Market under the ticker symbol “ORIS” on October 17, 2024.

    The Company received aggregate gross proceeds of $7 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriter an option, exercisable within 45 days from the date of the underwriting agreement, to purchase up to an additional 262,500 ordinary shares at the public offering price, less underwriting discounts and commissions. The Offering was conducted on a firm commitment basis.

    US Tiger Securities, Inc. acted as sole book runner for the Offering. The Crone Law Group served as counsel to the Company. VCL Law LLP served as counsel to the underwriter.

    A registration statement on Form F-1, as amended (File No. 333-274976) relating to the Offering was previously filed with the Securities and Exchange Commission (“SEC”) by the Company, and subsequently declared effective by the SEC on September 30, 2024. The Offering is being made only by means of a prospectus, forming a part of the registration statement. A final prospectus relating to the Offering was filed with the SEC on October 17, 2024 and is available on the SEC’s website at http://www.sec.gov. Electronic copies of the final prospectus related to the Offering may be obtained, when available, from US Tiger Securities, Inc., 437 Madison Avenue, 27th Floor, New York, New York 10022, or by telephone at +1 646-978-5188.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Oriental Rise Holding Limited

    Oriental Rise Holding Limited is an integrated supplier of tea products in mainland China. Our major tea products include (i) primarily-processed tea consisting of white tea and black tea, and (ii) refined white tea and black tea. Our business operations are vertically integrated, covering cultivation, processing of tea leaves and the sale of tea products to tea business operators (such as wholesale distributors) and end-user retail customers in mainland China. We operate tea gardens located in Zherong County, Ningde City in Fujian Province of mainland China. For more information, visit the Company’s website at https://ir.mdhtea.cn/.

    Forward-Looking Statements

    All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

    For more information, please contact:

    Investor Relations:
    Sherry Zheng
    Weitian Group LLC
    Phone: 718-213-7386
    Email: shunyu.zheng@weitian-ir.com

    The MIL Network

  • MIL-OSI Asia-Pac: Union Minister Dr. Jitendra Singh says, People of Kashmir valley support abrogation of Article 370

    Source: Government of India (2)

    Posted On: 18 OCT 2024 8:17PM by PIB Delhi

    Union Minister Dr. Jitendra Singh, has stated that in heart of hearts, people of Kashmir valley support abrogation of Article 370 though they may not say so openly . They realise that Art 370 deprived them of the benefits available to people in the rest of the country while serving the purpose of only a handful few, he said.

    Dr Jitendra Singh said, the government’s decision to abrogate Article 370 has garnered widespread support from across the sections of people across the length and breadth of Jammu & Kashmir. 

    Speaking at the “Rashtra Sarvopari Summit” organised by Republic TV  on the theme “New India, New Kashmir,” Dr. Jitendra Singh emphasised that the people of Jammu & Kashmir do not favour the reinstatement of Article 370.

    Highlighting the peaceful conduct of recent elections in the region, Dr. Jitendra Singh noted that there were no instance of election boycott, signalling a positive shift in the political landscape. He pointed out that before the abrogation of Article 370, key provisions of the 73rd and 74th amendments to the Constitution, which empower local bodies and panchayats, were not implemented in Jammu & Kashmir. “Earlier, financial resources were not reaching the grassroots level, but now funds are directly benefiting the locals,” he remarked.

    Dr. Jitendra Singh also mentioned that the youth of Jammu & Kashmir are now aligning with mainstream India, driven by the opportunities arising from the country’s growing global stature. He observed that the last 25-30 years of Jammu & Kashmir were marred by terrorism, but the past decade has witnessed significant improvements, including a tenfold increase in start-ups. Welfare schemes that were previously stalled are now being implemented smoothly.

    The Minister further pointed out that the record-breaking 2.5 crore tourists visiting Jammu & Kashmir this year is a clear indicator of the region’s return to normalcy.

    On the issue of Pakistan-occupied Kashmir (PoJK), Dr. Jitendra Singh reiterated that it is an integral part of India.

    Referring to Prime Minister Narendra Modi and Home Minister Amit Shah, he assured that Jammu & Kashmir’s statehood will be restored at an appropriate time.

    In conclusion, Dr. Jitendra Singh touched upon India’s ambitious space exploration plans, stating that the country is expected to send humans into space by 2025. He also expressed hope that India will achieve its goal of sending a manned mission to the Moon by 2040. 

    ***

    NKK/GS

    (Release ID: 2066220) Visitor Counter : 18

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Text of the Vice-President’s address at the Indian School of Business (ISB) Leadership Summit at Mohali, Punjab

    Source: Government of India

    Posted On: 18 OCT 2024 9:20PM by PIB Delhi

    Very warm good afternoon to all of you. 

    Distinguished audience and most importantly boys and girls, I am here for you. It is an absolute delight to address this gathering, and why? you are young minds. You are young minds at the ISB. You are young minds at the moment, participating in the ISB Leadership Summit. Your set is the most significant stakeholder in governance and democracy.

    Our youth demographic dividend is the envy of the world at the moment and it is the fuel to our growth engine destined to accomplish a developed nation@2047. I must appreciate the management for having crafted such a theme.and the theme is leadership in India’s century. This bears boys and girls huge contemporaneous elements. And why not? It is for the first time in history that the voice of India, the voice of India’s Prime Minister, is heard with respect like never before. India has come to count. India has come to count in global affairs, consistent with its populace being a repository of knowledge and wisdom, home to one-sixth of humanity.

    Never before we had this enjoyable moment as we are having now. Having been elected to Parliament in 1989, I faced a situation where our foreign exchange reserves were one billion US dollars. One billion! We crossed 700 billion last week, what an accomplishment. 700 times something beyond a geometric leap. India is being looked upon as a nation that can legitimately address issues confronting the globe. And why not? India’s G20 presidency, according to one and all in the world, has set a very high benchmark but look at the outcomes:

    One, the African Union was made a member of the G20. Only the European Union was before. I’ll come to that later.

    But the Global South, most people like me have not heard of it. It’s a name that resonates and mind you, the armature contributed to the world in terms of populace and GDP.

    International Solar Alliance, International Yoga Day all have been fortified for the benefit of the world on account of one individual: India’s Prime Minister. His vision, his foresightedness, his commitment and therefore, it has great contemporaneous relevance.

    It has two parts: leadership and India’s century. To begin with, the Indian century. Bharat, our Bharat, is no longer a nation with promise, some people have wrong notions that India has arrived. They are mistaken, We are no longer a nation with promise, the promise has been realised, fully exploited. 

    We are a nation on the rise, the rise is unstoppable, the rise is incremental, the rise is continual. The rise is various elements that matter to our growth. Let me advert to some aspects that make Bharat a  land of hope and possibility and before that, all of you know it. Just a decade ago, what was the mood of the nation? We were in a state of despondency and dejection. The daily public domain discourse was one of scams, corruption, favouritism. What has been transformed in a decade? There is an over-pervasive mood of hope and possibility and I had seen those days 34 years ago when world institutions the IMF and the World Bank used to be dictatorial, like a teacher in a class for a student who has not done homework and we were just meekly sitting but look at what they say we are getting accolades from the International Monetary Fund. And the accolades is favourite global investment and opportunity destination, I had the occasion to meet the head of the IMF, an enormously talented lady. Every time she talked of India, it was in these words and why not? This is the ground reality. 

    Our technological advancements, deep penetration, and digitalisation are termed by the World Bank as ‘a global role model’. Indicated by a statement that what India accomplished in six years is otherwise not possible in over four decades plus. Our exponential economic upsurge makes Bharat the fastest-growing large global economy. India has transformed in the last decade, becoming a $4 trillion economy with 8% growth potential, expanding infrastructure with four new airports and one metro system built yearly. 

    Every year, four new airports and a metro. There is daily addition of 14 kilometres of highways quality highways, world-class highways and six kilometres of railways. Digital technologies have enabled massive public infrastructure projects, benefiting 85 million people with housing, 330 million with health coverage, and 29 million small businesses with loans annually. When I talk to global leaders, I have to be a little careful because the volume is so high. The numbers are so staggering that instantly a person would believe I have just added one or two zeros. Just imagine a country where you add 500 million bank accounts in the shortest time.

    India leads in digital transactions, should I give the figure to you? Hold your breath. 6.5 billion monthly digital transactions, and we have the third-largest startup ecosystem with 58 unicorns. With 800 global capability centres generating 60 billion US dollars yearly.

    There is significant expansion in education. Your Chairman, Vice-Chairman of the group, is associated with this venture in a meaningful way here and elsewhere. It is soothing for us all that Indian talent is increasingly relevant globally. You know young boys and girls. Indian human resources are dominating global discourse when it comes to corporate heads.

    Driving interest in mobility agreements, India now takes pride in its lunar and Mars missions. Vaccine production and growing importance in semiconductors, as was indicated by Mr. Mittal and engineering he knows it out of experience, and you all will gather when you take a big leap into the public domain. Manufacturing is the key to making us leap forward. 

    All this has happened because of leadership, the government’s historic continual third term after six decades focuses on growth and innovation. It will be interesting for you these initiatives will concern all of you. They broaden your basket of opportunities. They will ignite your talent, expertise, and potential, and fructify your aspirations, these include creating 12 industrial zones, industrial zone itself is a huge step. To boost manufacturing, we are prioritising skill development, improving logistics and this is not just one  it’s a jump in sync with other institutions stakeholders. Everything is converging to these developments, and therefore, results will be seen. Mr. Mittal referred to the Green Hydrogen Mission. I am so thrilled by it. ₹19,000 crores were allocated by the Government of India for the Green Hydrogen Mission. We are among the few countries with a single-digit focus on it. I know it will have to be negotiated through tough terrain. There will be headwinds, but the commitment is there. by 2030, we will have an investment of ₹6 lakh crores and an equal number of jobs. Who will provide these jobs? Your leadership will. You will be somewhere in the entire system to ensure the success of this Quantum Computing Commission. ₹6,000 crores were allocated, we are getting more into it. 

    A technology that is close to your heart—6G. It will be implemented in two phases, with commercialisation expected between 2025 and 2030. For a layman like me, it may not mean much for him and you, it will open enormous vistas of contribution, opportunities, and changes to the landscape of this country. These are the issues, all these can get cutting edge only with leadership. Without leadership, nothing happens. If you look into our ancient history, if a leader collapses white flag comes up. A leader is all-important. And a leader does not only mean the leader of a country. It means leadership in every walk of life. It could be in a small office, a branch office, a regional office, the head office everywhere, even on the board.

    India’s engagement with world nations is crucial, offering expanded markets and reliable supply chains. Our cooperation in green energy, urbanisation, and emerging technology, including AI, was reflected upon by Mr.Mittal. Electric mobility and semiconductors benefit global progress and strengthen collaboration but to fructify these collaborations, to generate synergetic strength, a leader has to be well-informed, a leader must know about it. 

    I had the occasion on on of the conclave where six vice presidents from Africa were present. Our interest in that continent, in agriculture, mining, and technology, can create wonders. Only our leaders need to measure up to those requirements. You are the future leaders, you are leaders in the making, your role and responsibilities will be very different once you take the leap and carry the tag of ISB. It is not that we are celebrating India’s century merely because India is going to be a force to reckon with but we are, and will be, a force for good in the world. That is fundamental.

    India stand for what? Our civilisational ethos essence. What was the motto of G20? “One world, one family, one future.”  vasudhaiva kutumbakam, that is our belief. Therefore, India’s rise in the world would mean global peace, global stability, and global harmony. You are as leaders in making principal stakeholders to generate this ecosystem. Now, what do you need in a scenario which was not there when Honourable Governor was a young man or Mr. Mittal was a young man or the dean was or I was? I shouldn’t forget Dr. Sudesh Dhankhar when she was. What we faced? There was no equality of opportunity. There was no equality before the law. Meritocracy was in the backseat. And what has happened now? A great transformation has shaped, everyone is now equal before the law. No one is above the law. No one is immune from the law. 

    The stranglehold of the law is reaching them, they are feeling the heat. The privileged pedigree is now no longer in existence that is the greatest boon to the young minds, to the boys and girls before me. You don’t need favour, you don’t need patronage. You are always concern would by case be handicapped because someone less meritorious has a contact. there can be patronage in favour of someone. Gone are those days. That’s a great gain for you.

    The second issue, which you painfully suffered from, was corruption. What could we do? A contract, a job, was available only through means where one had to grease the palm of someone. But boys and girls, fortunately for you, we were not so fortunate. The power corridors have been duly sanitised of corrupt elements and liaison elements  Mr. Mittal rose by virtue of being an industry leader, there were people who extra-legally influenced decision-making, where the industry had no option but to bend. That doesn’t happen now. Our governance is dictated only by principles of transparency and accountability. You are in that area now. What does this mean to you? It means that you have an ecosystem where you can fully exploit your talent and energy, realising your dreams and aspirations because nothing holds you back in a systemic manner. A great thing for you. 

    Let me remind you of something I saw myself as Governor-General of West Bengal. COVID. It was a challenge to humanity, a non-discriminatory challenge, and it was really difficult then for a population of more than 1.3 billion but the Prime Minister visualised a mechanism to involve the people at large. We had our own vaccines, but we hand-held hundred other countries by providing vaccines at that time. The handling by India of COVID pandemic earned laurels for us, for our health workers, and for our health warriors but some were uncomfortable. The class is small, but they are uncomfortable with anything good that happens in this country. Your leadership will need to neutralise these forces as well. Scientists have been talking about climate change since the 1970s. One thing I never forget is the year 1979. You may wonder why, I was married in 1979 to Dr. Sudesh Dhakhar. In that very year, I became a lawyer, and you will come to easily once you google. But that year,  there was a film Mad Max, It was a global sensation as it talked about the end of the world due to climate change. No one was bothered despite years of conversation, no one thought of harnessing solar energy. India’s visionary leadership came to the rescue of the world in relation to solar alliance in Gurugram more than 122 countries have already joined part with it. And our landscape all over the country is dotted by harnessing of solar energy. It was left to India. India did it.

    I have many reasons to say that India’s century will prove to be a global good. Think what we have done with governance solutions. We developed various technological solutions for digital identity management.  World’s largest and fastest financial inclusion, as I said earlier. 500 million Indian bank accounts when I wanted to become a lawyer, I needed a library, and I needed ₹6,000. A man like me throughout a gold medallist  had difficulty getting a loan of ₹6,000. I still vividly remember the face of the manager who said, “I’ll give you ₹6,000 without a guarantee.” I had none. That changed my life. And look what has happened, you people have everything at your door.

    You only have to look around avail the opportunity grab the opportunity serve yourself serve your family serve society and serve the nation. We made them open source for the world to use through our India stack programme. Now any developing country can use these solutions free of charge. Not only, the kind of products India has visualised are available to the world without any charge. As a matter of fact this has graduated to our soft diplomacy taking a new height. More than intellectual property we are concerned how can we shorten the path of good governance for the countries of the global south. And we are contributing hugely in several countries. Friends the more we rise the more stability it will provide to the world order. The world knows it. Some misguided souls in our country do not share it. Either they fail to come up to the requirements of this great nation and its citizenship or they are dictating their actions by narrow partisan interests self interest in some cases survival interests. This is India’s century friends that is not desirous of hegemony or domination but global public good.

    India is the only country in the world and it has a history of 5000 years. That has never engaged in expansion. India’s Prime Minister Narendra Modi is on record warning to the entire world we are not living in an era of expansion and that global disputes must resolutely be addressed through dialogue and diplomacy. Our journey, friends, is not over, we have so many things to assert. Economic upsurge, the third largest global economy at the moment, third largest global purchasing power, on the way to becoming the third largest economy ahead of Japan and Germany. All that. But we must realise that to be a developed nation, our per capita income has to go eightfold. 

    This is achievable because we have human resources in your shape that will bring it about. You are capable of it. And when you do it, you are opening a new basket of opportunities for employment, for entrepreneurship, and for growth. Our journey of progress is a work in progress nothing is given to expedite this journey. India needs next generation leaders who can drive innovation and change. 

    I am reminded of a Greek philosopher, Pre-Socrates Heraclitus, Heraclitus reflected and is highly quoted. The only constant is the change. Change is the only constant. He buttressed it. The same person cannot enter the same river twice. Neither the person is the same, nor the river is the same. So we are in the process of change. But we don’t have to be captive of change. We have to bring about the change which we need and this happens to be more relevant when it comes to disruptive technologies, Artificial intelligence, Internet of Things, machine learning, blockchain. These at the time were just words for me but I was enormously enlightened when I had a presentation by the senior ministry officials. And I know we are in for a big change. These disruptive technologies, as going by their name, are both challenges and opportunities. 

    In the world of finance, the RBI governor has hinted only a day or two before, we have to keep things in check for artificial intelligence. You as leaders will be creating opportunities out of these challenges. You are those who will be actual players when it comes to execution and implementation. Whatever be your role in the hierarchy, your mindset has to be ahead of times. I have no doubt with your commitment, direction and dedication, India will exploit its potential and make available leaders for global conglomerates and international organisations. Our footfalls have already increased, I remember there was a time when we could never imagine someone from this country would be CEO of an outfit in Silicon Valley and now they say, jokingly, can we have a CEO who is not of Indian origin? That’s where we have come. All this because our DNA on this point is very strong. 

    I must caution you. Don’t look at leadership in a my pick way, Leadership is not with respect to your balance sheet in the corporate entity. Leadership is not limited to the role of your sector. Like suppose you are in the telecom or metro sector, You might look beyond your company, but you normally don’t look beyond the sector and it is there that might appeal to you. Business and leadership schools, the one like yours, have additional responsibility towards public and good governance.

    You have to give something back to the society. And you have to give back to the society something in a structured manner which is not individually specific. Imagine the benefit for a government department that receives policy solution inputs based on innovation and leadership training at schools. 

    In this country, there is a long and successful programme of public-private partnership in infrastructure. We need public-private partnership in leadership and innovation also. I have long nurtured an idea. It has not taken wings. When the Vice-Chancellor of Punjab University invited me for a convocation, in my capacity as Chancellor, I made one fervent appeal and she has taken various steps in that direction. Alumni of institutions have great experience, great exposure, great expertise. Individually, they are talent. As a group, they are powerhouse, why not use that for the nation? And I therefore noted an idea. There must be confederation of alumni associations. They can well suggest to the government in the field of policy making, they can give direction to our economy because framing those policies needs all the inputs. They are not all-in-all. Sometimes a small suggestion can work wonders. I am sure some step will be taken. 

    I will make one appeal to Mr. Mittal and to the Dean, we have leadership now constitutionally structured at Village level because India is the only country that has constitutionally structured democracy at village level and Municipal level. Most nations have legislatures at State and Central level. Now a Sarpanch plays a key role, a Pradhan plays a key role, a zila Pramukh plays a key role. Their funds are at their disposal. If they do not come up to the leadership expectations, the political head and the executive head will not be able to work in togetherness or in tandem. To generate that awareness, to generate that expertise, an outfit of your stature can certainly create a module, a training module that will go a long way in helping them. Once some people come to know about the usefulness of it, it will be replicated on its own but a beginning has to be made because majority of Indians or Bharat is in villages. If their optimal utilisation of funds can take place, if good trends can set in there, the economy of the nation will also get a big leap. 

    My young friends, I will be adverting to another important aspect and that aspect is, I want to turn to a matter of national importance, and that is nationalism. The academia, the industry, leaders and students ponder here over the issue of leadership. I suggest you ponder over facets of leadership with Indian characteristics. Indian nation has to be kept at the centre. Whatever we may do in any part of the globe, our heart and soul reside in India and therefore, I urge that leadership should be deeply wedded to nationalism. Without this undergirding, without this split, no amount of leadership skills will serve the greater good of the nation. Such individuals can be successful. They can be known but they will never be able to in that group which earns respect to the nation. 

    Therefore, I urge everyone, serve your nation optimally, serve your nation with full dedication and this is uniform ordinance for all of us. It is not optional, it is the only way. You all are tomorrow’s leaders. You will have an occasion to make decisions, key commercial decisions. and therefore, imagine if you think of economic nationalism while making decisions. If that spirit is there in you, you will immediately find great gain to the nation. I firmly believe no fiscal gain, howsoever great, howsoever quantum in economic terms, can be a justification, reason or a compromise for nationalism. 

    A fiscal gain should never be a consideration when it comes to economic nationalism. Economic nationalism is fundamental to our growth. It has been indicated, be vocal for local or Swadeshi. But I leave it with you and find out, once I am gone, how much foreign exchange is drained out in avoidable imports. Billions of US dollars every year are being drained out for the import of shoes, socks, trousers, undergarments, coats, curtains, flooring, toys, kites, electronic goods, furniture. 

    All that can happen in this country. I am not advocating parochial protectionism. Mr. Mittal has been to global forums. He knows that this policy cannot be propagated. The World Trade Organisation is there but then it has to emanate from every soul in this country. Once you do that, not only will you save foreign exchange in billions of US dollars, you will create jobs for millions of people in this country. There will be blossoming of entrepreneurship and all these aspects are next to none so you young leaders, just after a few months or years, be ambassadors of economic nationalism for the nation. It will be your lasting contribution to the economy of this nation. 

    Friends, Mr. Mittal emphasised on manufacturing. It is critical, it is not only about manufacturing in India, but the idea is to research in India, innovate in India, design in India. The growth engine of the nation is fuelled by research and development. You know it. The nations that are ahead in research and development march ahead. This makes focus on research and development of paramount importance. I don’t want to say more, but industry has to do a lot in that direction. I need to find a corporate of our country to be amongst top 20 global entities to be in that field when it comes to research and development but I am urging industry and stakeholders and corporates to invest in research and development, hand-hold stakeholders, in unleashing their potential and provide impetus to holistic growth of the nation but I am worried on another aspect. Manufacturing is fine, sir. 

    But what a painful scenario to face, our raw materials leave our shores in shiploads. Look at iron ore being shipped from Paradigm. Look at our precious products going outside without value addition. I appeal to young leaders to reflect what is writing on the wall. We are sending raw material because we are not capable of converting it to value-added products. We are capable, but someone who has ownership of that raw material in a cosy room finds it expedient to make a buck fast, sacrificing economic nationalism. 

    In the process, he is coming in the way of your employment, your innovation, your skill development. It is here that trade organisations, commercial organisations, industry organisations must be on the same page. We must develop economic ethics that we will not export our raw material without value addition. Then we find another global way of finding. Minimum value addition. Once we do it, the economic scenario will show a big change.

    Well, I must reflect on a tribe to which I belong, to which the Honourable Governor belongs. Now we are constitutional functionaries. The politician, The leader in the politician must also be fired by the zeal of nationalism. He or she should keep national interest above partisan or self-interest. In a democracy partisan stance is unavoidable. People have to take partisan interest, partisan stance, partisan viewpoint, nothing wrong with that. But on some issues, issues of national security, issues of foreign policy, issues of diplomacy, issues of nationalism, there is no room for politics. We all as Indians are ambassadors of our nation and once we leave the source of this country, we are its representatives. Our political hat has to be kept behind. But what I find, people take journey outside, took to destinations, just to find public space, to target taint and demean our progress and institutions. Young leaders have full capacity to neutralise these forces. These sinister forces, they are being activated by interests that are inimical to Bharat. It is surfacing. I had the occasion to reflect this morning on National Human Rights Day. 

    They say, India, there can be hunger crisis. What are they talking? Since April 1, 2020, till now and for five more years to come, 850 million people of this country will be fed free meal. Rice and wheat and pulses are given to them. You know it, I know it. What are they talking about? Because some of us do not rise for the nation, but raise the flag only for political interest. We need to be that, discord and voices for parties and political purposes and gains is a matter of deep concern. I’m sure you youngsters will know it. Their strategy to begin with is very soothing. They make inroads after having made inroads, they try to create disruptions, divisiveness in a nation like ours. You have to be extremely alert.

    It is here in such kind of challenging situations that leadership trade are called inaction, be prepared for that. Let me talk something about economy. There was a gentleman who occupied a prominent position in the Reserve Bank of India not long ago. Now this gentleman made a partisan assertion. I quote the assertion, “India will be lucky if it can have 5% growth rate”. During that contemporaneous time, India had 7.5% growth rate to a layman like me, 5% and 7.5% make some meaning but for the dean and Mr. Mittal, even 0.01 matters. How wrong he was but go to the background, why did he make that statement? Why did he act in a manner only to bring down the healthy mood of the nation? And why were there no regrets? Or any justification for having made that statement? In such situations, leadership collective must be proactive. And call these people to the bar. Call to the bar for a lawyer is a normal term, therefore I used it.

    Just imagine, how sickening you will find and how frightening it is that a member of parliament holding a constitutional position will troop to foreign universities and then, in a small corner, of which the university members will be aware, and a small group will try to set afloat a narrative that is dangerous to our unity, our institutions, our national interest. A handful of people. This is a large gathering, well represented, It means a lot to me. Not in a fraction of it and such people we need to hand hold, counsel, and suggest in whatever form we can and that has to emanate from young minds. 

    Social media has given power to brilliant young impressionable minds to express themselves. Your silence on such kind of situations will ever resonate in your ears. A couple of years later you will feel, why did I not voice my concern? If I had voiced my concern, then things would have been slightly better and therefore, do it. If this mindset of placing narrow partisan interests over national interests persists, it will give space to whom? It will give space to those who are our enemies. Enemies to our interests. Do we want it? Certainly not. Friends, we are at a leadership summit.

    Think how over the years leadership programmes have used to indoctrinate young minds of the country by the deep state. I’ll focus on it at some length. I come across several people, including parliamentarians. I have been invited by young leadership forum in the US, some ministry has invited in that category, it is a sense of elation, a sense of joy.

    Be aware, be cautious. Those who have been there earlier, where are they now? It’s a subtle method of indoctrination. It is giving hard sugar to a diabetic patient, it is creating enemies of the nation from outside only by making their life affordable. I can give instances of many number of young minds today. You may be envying their life, but they are parasitical when it comes to financial situations. They are greedy and they act like robots. You have to be extremely careful about such leadership programmes which are all over the place.

    Through institutional mechanisms, they do it. Fellowships, they do it, visiting programmes, university affiliations, by this they groom them. They are brainwashed, indoctrinated. They themselves have not seen India. They are painted as if we are crumbling far from it. But an individual committed to nationalism will be able to thwart these moves. Even by being a part of it, he will be able to stand on his own spinally and thereby neutralise such forces. 

    Friends, as you move forward with many leadership initiatives through this institution, I want to leave you with two thoughts.

    First, I said earlier, nationalism as a part of leadership curriculum is the foremost curriculum as a matter of fact. Groom leaders who place the nation above all else, 

    Second, create leaders who will find Indian solutions for Indian and global problems. Bring this talent into the service of governance, create solutions, create partnerships to resolve challenges of everyday Indians, we are here to work for the average Indian, the average Indian who has to be handheld and helped. 

    My young friends, the nation needs you, it is India’s century. The world needs you but you will make this movement in history successful if you are deeply wedded to these values in this endeavour. My very best wishes to you. I leave this place with full optimism and confidence. 

    Thank you so much. 

    ****

    JK/RC/SM

    (Release ID: 2066248) Visitor Counter : 78

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Shri Piyush Goyal urges industry associations to engage with startups and women entrepreneurs

    Source: Government of India

    Shri Piyush Goyal urges industry associations to engage with startups and women entrepreneurs

    Present India’s tourism to the world through offices of industry bodies abroad: Shri Goyal

    Inform world about India’s foray into AI, machine learning, data analytics: Shri Goyal

    Join Centre’s efforts in providing skill development, job opportunities to youth: Shri Goyal

    Posted On: 18 OCT 2024 9:22PM by PIB Delhi

    Union Minister of Commerce & Industry, Shri Piyush Goyal urged the industry associations to engage with startups and be active in encouraging young leadership in the chambers. He urged the attendees to involve more women entrepreneurs in the industry associations.  

    Speaking about the potential of tourism in augmenting a country’s economy during his address at the Annual Plenary Session of Indian Chamber of Commerce (ICC) today in New Delhi, the Union Minister said that industry bodies must promote tourism through their representative offices spread across  the world. We have to take it upon ourselves to develop language skills, he said. He continued that the language barrier of the citizens can be removed to unlock jobs like interpreters, tour operators in the tourism sector. The Minister further said that there is demand for jobs which are available but there is a need to bridge the gap through skill development. India will lead the world in tourism and hospitality, he said. 

    Shri Goyal evoked Prime Minister Shri Narendra Modi’s mantra of Reform, Perform and Transform, and also urged the participants to inform the world about the country’s progress. We can take the emerging trends of India to the rest of the world, the powerhouse of clean energy that India will become, he said. 

    The Union Minister further said that there is a need to inform the world about India’s foray into AI, machine learning, data analytics and its efforts to enhance India’s GDP from being the fifth largest in the world to becoming the third largest economy. He said that in PM Modi’s third term, three times the energy, three times the effort and commitment is needed for larger and better outcomes. 

    Speaking about Prime Minister Shri Narendra Modi’s efforts to empower nation’s youth through digital connectivity, Shri Goyal said that the aspirational section of the society deserves Government’s attention the most and so the Government is focusing on making them a part of the journey towards a Viksit Bharat by 2047. Mentioning the launch of PM schemes during Budget 2024, the Minister encouraged the industry bodies and their members to join the Government to provide opportunities for the youth to improve skill development and generation of employment. Inclusiveness is going to define the success story of India, he said. 

    He also praised the organisation for setting a precedent in including the youth to take leadership roles and congratulated ICC for being the voice of 35 various sectors. 

    ***

    AD/VN/AM

    (Release ID: 2066250) Visitor Counter : 84

    MIL OSI Asia Pacific News

  • MIL-OSI Security: Having a Family and Being a Sailor Too: Command Advisory on Parenthood and Pregnancy Event at Naval Hospital Bremerton

    Source: United States Navy (Medical)

    Naval Hospital Bremerton’s Command Advisory on Parenthood and Pregnancy Committee hosted an information event, October 17, 2024.

    CAPP serves as an advisor on all things pregnancy and postpartum related and ensure Sailors receive the proper counseling and guidance to understand their responsibilities, rights, and resources afforded to them as parents in the Navy.

    The inaugural occasion openly provided detailed insight to help Sailors better balance the demands of their naval career, family plans and obligations. They had direct access to information on convalescent and maternity leave, child youth programs, TRICARE registration, in addition to access with Fleet and Family Support Center representatives and more.

    “If you don’t know about it, you aren’t going to use the resource,” said Hospital Corpsman 2nd Class Jovana Losada, NHB CAPP command liaison, from Orlando, Florida.

    Losada continued, “We want to bring everyone’s attention to the resources available so they can utilize them.”

    CAPP has been steadily ensuring all Sailors are aware of the resources and services available to them as they transition into parenthood. Some of those services include adequate parking for expectant mothers at NHB and spreading awareness for programs like the Navy Exchange Service Command’s Maternity Uniform Pilot Program.

    “I call MPP the sisterhood of the traveling uniform,” joked Losada. “It’s free. You borrow what you need for a time and return it, giving you financial peace of mind during an already stressful period of life.”

    Hospital Corpsman 2nd Class Maria Gibson, from Huntsville, Alabama, was there to discuss information about children and youth programs available to service members with existing children.

    “I have three kids ages 10 months to 4 years old,” said Gibson. “Information events like this were not readily available to myself when I became a mother 4 years ago. It’s extremely important to me to share this knowledge with everyone else I can.”

    The event also hosted practical information any Sailor might have on services offered by Naval Base Kitsap Fleet and Family Support Center programs and Navy Housing.

    “Base housing is set up to accommodate 25 percent of all the military in and around Naval Base Kitsap,” said Jim Junior, a representative of Naval Base Kitsap Navy Housing Center.

    With the rotation of sea commands in and out of the area on base housing, occupancies can reach 98 percent, explained Junior. Navy Housing can give a Sailor options like adding them to a waitlist in advance of their growing family needs or utilizing homes.mil, which allows the Navy Housing Center to inspect rental properties available in the area where the Sailor is assigned.

    “We want to be an advocate for new families,” Junior said. “We can provide Sailors with health and safety inspections and are available to liaison with the landlords.”

    Hospital Corpsman 2nd Class Juan Sic, from San Antonio, Texas, attended the event to take information back to his Sailors.

    “I have a lot of Sailors who are like myself, either first time parents or are trying to become parents,” said Sic.

    CAPP organizers like Losada know that being a new parent is challenging enough. Adding the operational tempo of military life can make it even more so which is why CAPP can help Sailors realize and navigate all the various military parent benefits, as well as support them in transition.

    MIL Security OSI

  • MIL-OSI Europe: Malta: EIB Vice President Kakouris unveils Green Gateway report during MDB Visit

    Source: European Investment Bank

    The Malta Development Bank (MDB) today welcomed EIB Vice President Kyriacos Kakouris for the official presentation of the Market Assessment and Recommendations Report under the Green Gateway Advisory initiative. This project, launched earlier this year, aims to fast-track climate action and sustainability investments across Malta.

    With backing from the EIB Group, which also includes the European Investment Fund (EIF), the MDB is enhancing its capabilities to identify, support, and finance green projects. This collaboration bolsters the MDB’s role, aligning it with international standards and enabling the Bank to tap into emerging green market opportunities.

    The report is a key deliverable of the MDB’s €30 million climate-action operation, funded by the EIB, which is focused exclusively on green and sustainable projects. In addition, the MDB is gearing up to introduce new schemes under the EIF InvestEU Sustainability Guarantee, designed to further boost the green transition of Maltese SMEs and small mid-caps.

    The Green Gateway Report pinpoints critical sectors in Malta’s economy ripe for green investment, particularly in climate action and environmental sustainability. It also assesses the MDB’s current portfolio, evaluating existing grant and financial products to highlight untapped investment potential.

    A central feature of the report is its detailed comparison of eligibility criteria across various EIB Group funding sources. This ensures a streamlined funding strategy, maximising efficiency and the potential for combining multiple financing sources.

    As part of the evaluation, four green financing solutions were proposed for discussion, focusing on electric vehicles, energy-efficient buildings, renewable energy, and waste management.

    “National promotional banks like the MDB in Malta are our key partners to back the economic growth of small and medium-sized companies and promote their green and digital transition,” remarked EIB Vice President Kyriacos Kakouris. “The Green Gateway Advisory initiative marks a strategic milestone for the MDB. By adopting innovative financing solutions, and with the support of the EIB Group, the MDB is setting the stage for significant environmental progress that will help Malta meet its climate targets.”

    Mr. Leo Brincat, Chairman of the MDB, added, “This partnership with the EIB enables us to take a leading role in advancing Malta’s sustainability agenda. With their support, the MDB is well-equipped to drive transformative projects that will strengthen the nation’s environmental resilience.”

    Mr. Paul V. Azzopardi, CEO of the MDB, commented that, “This Report is another step forward in enabling Malta’s transition to a greener economy. By fostering innovative funding solutions, we are not only addressing the urgent challenges of climate change but also ensuring sustainable growth for the country’s businesses and communities.”

    Background information

    European Investment Bank Group

    The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It provides long-term financing for sound investments that contribute to EU policy. The Bank finances projects in four priority areas: infrastructure, innovation, climate and environment, and small and medium-sized enterprises (SMEs).

    The European Investment Fund (EIF) is part of the EIB Group. It supports Europe’s small and medium-sized enterprises (SMEs) by improving their access to finance through a wide range of selected financial intermediaries. The EIF designs, promotes and implements equity and debt financing instruments targeting SMEs. In this role, EIF fosters EU objectives in support of entrepreneurship, growth, innovation, research and development, the green and digital transitions and employment. In 2023, the EIF mobilized over €134 billion for the European economy, enhancing competitiveness, supporting innovative entrepreneurs, promoting social impact, fostering sustainability, and advancing the green transition. Going forward, EIF aims to strengthen financing access for European entrepreneurs, focusing on key sectors to drive sovereignty, competitiveness, and a greener, more inclusive future.

    Green Gateway 

    Financed with InvestEU Advisory Hub funds, the Green Gateway advisory programme was created by the EIB together with the European Commission to enable European financial institutions to invest in green projects. The Green Gateway’s advisory services aim to strengthen the skills, procedures and operational tools of EIB financial intermediaries to promote the planning, selection and financing of initiatives with positive environmental impact. The Green Gateway also offers an online portal full of guidelines, case studies and useful information on green investment. The portal provides access to the Green Eligibility Checker, a tool making it possible to assess the eligibility and climate impact of green economy investment projects in various sectors.

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Dramatic situation in flood-hit areas and the need for EU solidarity – P-001757/2024(ASW)

    Source: European Parliament

    1. The Commission is ready to provide assistance to countries that were hit by the recent floods. One of the tools available to countries is the EU Solidarity Fund (EUSF)[1]. The EUSF can only be activated at the request of an affected country, which has a deadline of 12 weeks as from when the first damage occurred, demonstrating that the total direct damage exceeds the thresholds specified in Article 2 Regulation (EC) No 2012/2002. The Fund may cover a part of the costs for emergency and recovery operations incurred by public authorities[2]. Private damage is not eligible.

    The Commission encourages Member States to use all available EU funding sources, such as Cohesion Policy funds, Common Agricultural Policy funds and funds from the Recovery and Resilience Facility in complementarity with the EUSF to achieve a comprehensive reconstruction and to proactively build resilience against future floods . Commission services are closely cooperating with the relevant Managing Authorities to find timely solutions that can address the post-flood needs.

    2. The recent mid-term revision of the Multiannual Financial Framework (MFF)[3] increased the annual allocation for the EUSF for the years 2024-2027. The Fund now has an annual budget of EUR 1 016 million[4] (in 2018 prices). This is an annual increase of EUR 216 million. A review of the scope of the Fund is not currently planned under the 2021-2027 MFF.

    3. The Commission is not currently planning to create a new, separate fund for the repair or construction of flood prevention infrastructure. However, as announced by the Commission President, the Commission is working on providing additional flexibilities under Cohesion Policy.

    • [1] Council Regulation (EC) No 2012/2002 of 11 November 2002 establishing the European Union Solidarity Fund (OJ L 311, 14.11.2002, p. 3) as amended by Regulation (EU) No 661/2014 of the European Parliament and the Council of 15 May 2014 (OJ L 189, 27.6.2014, p. 143) and by Regulation (EU) 2020/461 of the European Parliament and the Council of 30 March 2020 (OJ L 99, 31.3.2020, p. 9). https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex:32002R2012
    • [2] This means, for example, the recovery of essential infrastructure, provision of temporary accommodation to the population, cleaning-up operations, and protection of the cultural heritage.
    • [3] Council Regulation (EU, Euratom) 2024/765 of 29 February 2024 amending Regulation (EU, Euratom) 2020/2093 laying down the multiannual financial framework for the years 2021 to 2027.
    • [4] EUR 1 144.1 million in 2024 prices.
    Last updated: 18 October 2024

    MIL OSI Europe News

  • MIL-OSI Europe: EIB at #AnnualMeetings24: Reinforcing the global financial architecture and deploying innovative instruments to support countries in crisis

    Source: European Investment Bank

    • President Nadia Calviño and EIB Group delegation join partners at International Monetary Committee and World Bank Group Annual Meetings in Washington DC.
    • The EIB will announce new support for Ukraine and innovative financial instruments for countries on the frontline of climate change.
    • Alongside fellow Multilateral Development Banks, the EIB will play an active role in reinforcing the network of MDBs working more effectively as a system  

    The European Investment Bank Group (EIB) President Nadia Calviño travels to Washington DC next week, heading an EIB delegation to the annual meetings of the International Monetary Committee and World Bank Group.

    The EIB will announce new financing in Washington to support Ukraine and countries on the frontline of climate change. Accompanied by Vice-Presidents Ambroise Fayolle and Thomas Östros, as well as the Director General of EIB Global Andrew McDowell, the delegation will join international partners to present fresh solutions and innovative financing in line with the European Union’s Global Gateway Agenda.

    President Calviño said: “More than ever, the world needs joint solutions to the challenges we face. We need to cooperate and reinforce our joint tools to tackle high indebtedness, to support countries on the frontline of climate change, and build a fairer financial system. As the financial arm of the European Union, owned by the 27 member states, the EIB Group is playing its part. In Washington we are announcing new support for Ukraine. And alongside our partners we will also be signing new investments and backing innovative financing to support climate action and resilience. When we act together, we move further and faster.”

    The EIB in Washington:

    The EIB delegation will be taking part in a number of events on the margins of the Annual Meetings.You can find the highlights here.  

    For interview requests with members of the EIB delegation please get in touch with the .

    Background information

    The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It is active in more than 160 countries and provides long-term finance for individual projects and strategic partnerships contributing to EU priorities and policy goals.

    EIB Global is the EIB Group’s specialised arm dedicated to investments outside the EU, building  international partnerships and financing projects contributing to development and climate action EIB Global brings the Group closer to local people, companies and institutions through our offices across the world

    MIL OSI Europe News

  • MIL-OSI Europe: Highlights – European Parliament resolution on COP29 in Baku – Committee on the Environment, Public Health and Food Safety

    Source: European Parliament

    COP29.jpeg © COP29

    On 21 October, ENVI members will put to vote the adoption of a motion for a resolution to the UN Climate Change Conference 2024.

    The 29th session of the Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change (UNFCCC) will take place in Baku, Azerbaijan, from Monday, 11 November to Friday, 22 November 2024. The main issues at stake are the establishment of a new climate finance goal and the preparatory work for new nationally determined contributions that will be in the focus at the COP30 in Brazil. In view of the COP29, ENVI coordinators decided to prepare a draft motion for a resolution to. The draft resolution includes a set of recommendations to shape the EU strategic objectives for the COP29. It incorporates inputs from the ENVI Members, as well as the Committee on Industry, Research and Energy (ITRE) and the Committee on Development (DEVE) opinions. The European Parliament resolution, once adopted in plenary, will serve as the mandate for the parliamentary delegation to the COP29, taking place in Baku from 18 to 22 November 2024.

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Commission plans to classify armament plants and facilities as sustainable – E-002026/2024

    Source: European Parliament

    11.10.2024

    Question for written answer  E-002026/2024
    to the Commission
    Rule 144
    Fabio De Masi (NI)

    • 1.How does the Commission justify its alleged plans[1] to classify armament plants and facilities as sustainable in the future through modifications of the taxonomy and/or the Regulation on sustainability‐related disclosures in the financial services sector?
    • 2.On the one hand, how does the Commission explain its plan, particularly in view of the fact that the manufacture of armaments and their use by the military results in the emission of significant quantities of greenhouse gases?
    • 3.On the other hand, how does the Commission explain its plan when the build-up of military capacity can contribute to the escalation of (military) conflicts, which go hand in hand with the destruction of infrastructure and the loss of human life?

    Submitted: 11.10.2024

    Last updated: 18 October 2024

    MIL OSI Europe News

  • MIL-OSI Canada: Government of Yukon introduces medical travel subsidy for fertility and surrogacy treatments

    Source: Government of Canada regional news

    This news release has been updated to reflect the ammended regulation.

    The Government of Yukon is making fertility and surrogacy treatments more accessible by expanding the medical travel subsidy for eligible Yukoners. This initiative comes into force immediately and will help reduce the financial burden of travel for those seeking fertility and surrogacy treatments not available within the territory. This initiative was committed to in the 2023 Confidence and Supply Agreement.

    MIL OSI Canada News

  • MIL-OSI Asia-Pac: NHRC Foundation Day and National Conference on the Rights of Older Persons

    Source: Government of India

    NHRC Foundation Day and National Conference on the Rights of Older Persons

    Addressing as the Chief Guest, the Vice President of India, Shri Jagdeep Dhankhar says, Bharat is way ahead of other nations when it comes to preservation of human rights, particularly of minorities, marginalized and vulnerable sections of society

    The Vice-President highlights Bharat’s extraordinary role as a civilizational custodian of human rights while expressing concern over the global silence on human rights violations in other parts of the world

    NHRC Acting Chairperson, Smt Vijaya Bharathi Sayani says India’s progress as a nation is closely tied to its commitment to protecting human rights as a civilizational ethos

    The Commission addresses a broad spectrum of human rights violations including advocating for police reforms while dealing with cases of custodial violence: NHRC Acting Chairperson

    Highlights Commission’s spot enquiry revealing a climate of fear and intimidation preventing victims from seeking justice in Sandeshkhali violence in West Bengal

    Posted On: 18 OCT 2024 4:21PM by PIB Delhi

    The National Human Rights Commission, NHRC, India, organized a function and a national conference on the rights of older persons to celebrate its 31st Foundation Day at Vigyan Bhawan, New Delhi today. The Commission was set up on 12th October in 1993. Addressing the function as the Chief Guest, the Vice President of India, Shri Jagdeep Dhankhar said that Bharat’s human rights record is unmatched. The country is way ahead of other nations when it comes to preservation of human rights, particularly of minorities, marginalized and vulnerable sections of society. Isolated incidents cannot define India and its human rights record. He criticized the tendency of certain entities to manipulate human rights as a tool of foreign policy to exert power over others. The Vice-President highlighted Bharat’s extraordinary role as a civilizational custodian of human rights while expressing concern over the global silence on human rights violations in other parts of the world.

     

    Shri Dhankhar said that every citizen of the country has to be a champion of human rights and ensure nobody manipulates them financially. The national interest should not be seen with political prism but by partisanship. He also cautioned against pernicious forces working to malign Bharat’s human rights record unfairly, domestically and internationally. He said that Indian scriptures are the charters of human way of life- a repository of knowledge on human life.

    The Vice President said that India continues to feed over 850 million people since the time of COVID-19 pandemic with free rations irrespective of colour, caste and class. Those who talk of India’s hunger situation need to reflect upon themselves. Equality before law is demonstrated in the country. The world needs to know about it and how the direct transfer of benefits to the beneficiary’s account has neutralized corruption in the country.

    Shri Dhankhar highlighted the transformative decade of non-discriminatory development in India improving the quality of life of every section of society irrespective class, caste, demography. He said that in the last decade, India’s economic growth has been exponential, incremental, unstoppable and it is not pyramidical. Everyone is getting the benefit. Affordable housing, gas connection, tap water, internet connectivity, road connectivity, and this is non-discriminatory progress. He emphasized that no developmental project has ever been dictated by circumstances other than those that serve the ultimate cause of human rights.

    Earlier, the NHRC Acting Chairperson, Smt Vijaya Bharathi Sayani said that the Commission plays a crucial role in ensuring dignity, freedom, and well-being for all by raising awareness about human rights and fostering empowerment of the marginalized including Transgender persons. This is to help them to assert their entitlements and contribute to national progress. It also emphasizes the need for environmental rights, urging sustainable practices and accountability for pollution. Celebrating its Foundation Day and achievements, reminds us to remain committed to uplifting vulnerable groups, prioritizing their human rights with compassion for their unique situations.

    She said that India’s progress as a nation is closely tied to its commitment to human rights, deeply embedded in our civilization and enshrined in our Constitution. Respect for individual dignity is central to the Indian ethos, rooted in ancient texts like the Vedas and the Gita. As a home to one-sixth of humanity, India is becoming a role model for the world in promoting individual dignity and freedom. Our rich cultural tapestry showcases our strength in diversity.

    The NHRC Acting Chairperson said throughout its history, the NHRC, India has addressed landmark cases and made significant recommendations to uphold human rights in the country. The Commission addresses a broad spectrum of human rights violations, including custodial deaths, bonded labor, exploitation of marginalized groups, and denial of medical care. It has highlighted systemic law enforcement issues, advocating for essential police reforms while dealing with cases of custodial violence.

    She said that the Commission responded to grave reports of harassment and sexual assault against women in Sandeshkhali, West Bengal. A spot inquiry conducted by the NHRC revealed a climate of fear and intimidation that prevented victims from seeking justice.

    Smt Vijaya Bharathi Sayani said that the NHRC conducted independent inquiries alongside addressing complaints, investigating human rights violations in 30 cases over the past year. It also conducted spot visits to facilities such as prisons, schools, and health centers. These efforts help monitor the implementation of government programs and identify areas for improvement. To enhance the Commission’s oversight, it’s Special Rapporteurs and Monitors focus on critical issues like police reforms, children’s rights, and health.

    The NHRC Secretary General, Shri Bharat Lal in his welcome address said that the Commission fosters a culture of respect and dignity for all. Giving a glimpse of the Commission’s wide mandate, he said that in the last one year, more than 68 thousand complaints were registered and almost 70 thousand were disposed of and more than 17 crore to the aggrieved and their next of kin.

    Shri Lal said that the NHRC’s national consultations, core group meetings and open house discussions are another mechanism by which it engages with stakeholders such as government officials, members of NGOs and CSOs, human rights defenders, and subject matter experts. To highlight the challenges faced by women in workplaces, the Commission also hosted a National Symposium on Women’s Safety at Work and Public Spaces, which was attended by key stakeholders. The protection and rehabilitation of individuals engaged in begging, for the Rights of the Widows, and Rights of Children against Child Sexual Abuse Material (CSAM) were some of the latest advisories in last one year.

    Shri Lal said that the NHRC, India works closely in collaboration with other national commissions, their counterparts in states, and state human rights commissions. It also plays a vital role in promoting human rights discourse in various international forums. It is a founding member of the Asia Pacific Forum of Human Rights and has been proactive in building South-South ties with other National Human Rights Institutions to foster human rights across borders. The Commission also has prominent representation at various other international human rights forums, including the Commonwealth Forum of National Human Rights Institutions (CFNHRI) and the Global Alliance for National Human Rights Institutions.

    Members of State Human Rights Commissions, members of Judiciary, diplomats, NHRC senior officers, Special Rapporteur & Monitors, senior government functionaries, civil society representatives, human rights defenders, among other national and international dignitaries, attended the function.

    *****

    NSK

    (Release ID: 2066079) Visitor Counter : 98

    MIL OSI Asia Pacific News

  • MIL-OSI Translation: 18/10/2024 The Minister of Finance appointed members of the Council of the Polish Economic Institute

    MIL ASI Translation. Region: Polish/Europe –

    Fuente: Gobierno de Polonia en poleco.

    Minister of Finance Andrzej Domański has appointed new members of the Council of the Polish Economic Institute (PIE). The Council consists of representatives of the Prime Minister, the minister responsible for public finances and the minister responsible for the economy, as well as four people appointed for a term of office. The Council plays an unpaid advisory role in the functioning of the PIE. The Polish Economic Institute is a state gamba responsible for providing analyses, expert opinions and recommendations supporting the development of the country. Since July 2024, the PIE has been carrying out tasks under the supervision of the Minister of Finance in order to ensure close cooperation in the area of fiscal and economic policy. The Council of the Polish Economic Institute, as an advisory body, performs a number of important functions. Its main tasks include giving opinions on: candidates for the position of director of the PIE, draft annual financial plans and activities of the PIE, as well as reports on the activities and financial situation of the PIE. In addition, the Council has the opportunity to express opinions on matters concerning the activities of the PIE, both at the request of the Minister of Finance, the Director of the PIE, and on its own initiative. The Council plays an unpaid advisory role in the functioning of PIE. Composition of the Council of the Polish Economic Institute appointed on 11 October 2024: dr hab. Dominik Batorski, Andrzej Halesiak, Mónica Kurtek, Dr. Jan Olbrycht, Grzegorz Onichimowski, prof. dr hab. Zbigniew Pastuszak, dr hab. Katarzyna Śledziewska.

    MILES AXIS

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI United Nations: Experts of the Committee on the Elimination of Discrimination against Women Praise Cuba’s High Percentage of Women in Parliament, Ask about Measures to Address Sex Trafficking and Reduce the Burden of Unpaid Care Work

    Source: United Nations – Geneva

    The Committee on the Elimination of Discrimination against Women today considered the ninth periodic report of Cuba, with Committee Experts praising the State’s high percentage of women in Parliament, and asking about measures to protect women and girls from sex trafficking and reduce the burden of unpaid care work on women.  Committee Experts also discussed the impact that the United States’ economic blockade had on Cuban women’s rights.

    A Committee Expert welcomed that Cuba currently had one of the highest rates of female participation in Parliament worldwide.

    Rhoda Reddock, Committee Expert and Rapporteur for Cuba, raised the issue of the economic blockade on Cuba by the United States, which she said was estimated to have cost Cuba a significant percentage of its gross domestic product.  Had the State party had been able to address all the challenges that came with the blockade?

    One Committee Expert said there were concerning reports of sexual abuse of girls in the tourism industry and of criminalisation of women victims of sex trafficking.  When would the State party adopt a comprehensive law on trafficking with clear provisions on prevention and reparation for victims?

    Another Expert said women spent twice as much time doing domestic and care work compared to men, and there had been successive cuts to social care programmes.  How did the State party intend to sustain these programmes?

    Introducing the report, Inés María Chapman Waugh, Deputy Prime Minister of Cuba and head of the delegation, said women accounted for 56 per cent of members of Cuba’s Parliament, the second highest percentage in the world.  Around 80 per cent of judges in the judiciary were women; eight in every 10 prosecutors were women; and women made up 60 per cent of university graduates.  The State also had a high representation of women in its science and technology sector, she noted.

    Ms. Chapman Waugh said the United States’ financial blockage against Cuba was a flagrant violation of the rights of Cubans and it had disproportionately affected women. It had led to devastating shortages in medication, food and energy.  Progress in distributing the human papilloma virus vaccine, for example, had been hampered by the blockade.

    The delegation said Cuba had a zero-tolerance policy regarding all forms of trafficking.  Trafficking in persons had been included as a crime in the Criminal Code, as had forced labour.  The State did not criminalise women victims of trafficking.  Detection and combatting systems were in place in the tourism industry.

    The Government was calling for fair distribution of household and care work between men and women, the delegation said.  A recent decree on the national care system provided for a more equitable approach to care.  The State was training carers to provide formalised care for the aging population and raising awareness about the need for men and women to spend equal time on care duties.

    In closing remarks, Ms. Chapman Waugh said Cuba valued the recommendations of the Committee, which would be scrutinised with due rigour.  The Government was committed to implementing the Convention and promoting women’s rights.  It would do its utmost to achieve its goals in this regard, despite the economic blockade imposed by the United States.

    Ana Peláez Narváez, Committee Chair, in concluding remarks, said that the Committee commended Cuba for its efforts and called on the State party to implement the Committee’s recommendations for better implementation of the Convention for the benefit of all women and girls in the State.

    The delegation of Cuba consisted of representatives from the National Assembly of People’s Power; Ministry of Justice; National Secretariat of the Federation of Cuban Women; Ministry of Education; University of Havana; Ministry of Foreign Affairs; and the Permanent Mission of Cuba to the United Nations Office at Geneva.

    The Committee will issue the concluding observations on the report of Cuba at the end of its eighty-ninth session on 25 October.  All documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet in public at 10 a.m. on Monday, 21 October to consider the fifth periodic report of Benin (CEDAW/C/BEN/5).

    Report

    The Committee has before it the ninth periodic report of Cuba (CEDAW/C/CUB/9).

    Presentation of Report

    INÉS MARÍA CHAPMAN WAUGH, Deputy Prime Minister of Cuba and head of the delegation, said gender equality and the eradication of all forms of violence against women were objectives that Cuba and the Committee shared.  Almost 80 per cent of the Committee’s recommendations from the last review had been complied with.  Cuba was steadfastly committed to complying with its obligations under the Convention.

    Since 2019, Cuba had undergone a far-reaching process to strengthen its legislative framework. The 2019 Constitution promoted the right to equality and the prohibition of discrimination.  Direct and indirect discrimination had been prohibited in the Criminal Code.  The newly adopted Family Code defended women’s rights, permitted same-sex marriage, and set the age of marriage at 18.

    The national programme for the advancement of women was implemented in 2021.  It included 46 measures promoting women’s advancement and established a follow-up mechanism to ensure its implementation.  Under the programme, the State party adopted polices to promote the inclusion of women in the labour market.  Around 250 creches had been established to support working women.

    A Cuban association for persons with disabilities had been established, and the social assistance programme provided support for the children of women with disabilities. Around one quarter of women were self-employed.  The State’s unemployment rate was low, at around two per cent.  Six decree laws were recently adopted that promoted the protection of women working in the private sector.  The national response to the COVID-19 pandemic included benefits provided to working women and women who lost their jobs.  Over 60 per cent of persons who coordinated COVID-19 vaccination development in Cuba were women.

    Women accounted for 56 per cent of members of Parliament, the second highest percentage in the world.  In the Supreme Court, women accounted for 53 per cent of judges, while around 80 per cent of judges in the judiciary were women.  Eight in every 10 prosecutors were women.  Women made up 60 per cent of university graduates.  The State also had a high representation of women in its science and technology sector.  Care services accounted for a high percentage of the State budget.  The State party continued to work to collect cross-cutting and intersectoral data on women. 

    Cuba had developed robust legislation and a national action plan to tackle gender-based violence. It addressed direct and indirect violence in all settings.  In 2022, the murder of women was specifically criminalised in the Criminal Code. Education measures played a key role in preventing gender-based violence in the State.  In the coming days, Cuba would set up a data mechanism that would provide real-time information about violent deaths of women and girls, and a hotline for reporting violence against women.  Measures would also be implemented to address the disproportionate burden of care placed on women.

    The United States had been imposing a financial blockage against Cuba for several decades. This was a flagrant violation of the rights of Cubans and it had disproportionately affected women.  It had led to devastating shortages in medication, food and energy.  Progress in distributing the human papilloma virus vaccine, for example, had been hampered by the blockade.

    The Government was working to address macho stereotypes, and support women’s access to health, education and land.  Measures were implemented to support the many rural women who were engaged in low paid or unpaid work.  Programmes had also been implemented to address the high prevalence of teenage pregnancies.  Cuba promoted women’s bodily autonomy and allowed women to decide regarding abortion.

    Seventy per cent of the people murdered in the Gaza Strip were women and girls.  Ms. Chapman Waugh appealed for peace in the Middle East.

    Cuba, on the basis of its international commitments and in spite of the blockade placed upon it, would continue to do its best to implement the Convention and protect the rights of all women in its territory.

    Questions by a Committee Expert

    RHODA REDDOCK, Committee Expert and Rapporteur for Cuba, congratulated Cuba on its achievements over the years.  Cuba was the first country to sign and the second to ratify the Convention, and several Cuban experts had served on the Committee.  The economic blockade on Cuba by the United States had been in place since the 1960s.  It was estimated to have cost Cuba a significant percentage of its gross domestic product.  Cuba had also been added to the United States’ list of States that sponsored terrorism, further hindering Cuba’s access to resources.  Women were worst affected by this situation.  They were forced to spend most of their time working to obtain resources to support their families, and more than one million women and girls had fled the State to seek a better life.

    Ms. Reddock welcomed that the State party had introduced several laws to address discrimination and violence against women.  It was also promising that a National Ombudsperson’s Office had recently been established.

    The death penalty remained in place for more than 20 offences.  Were there plans to implement a moratorium?  The July 2021 protests against increasing shortages of fuel and food were met with disproportionately violent responses by State agents.  Many women protesters reportedly remained in detention.  There were also reports of poor conditions for women in Cuban prisons.  Were there plans to release the women protesters detained since 2021?  Was there a right of appeal for detained protestors?  What was the status of the National Ombudsperson?  Had it received complaints from women?

    Another Committee Expert welcomed efforts by the State party to disseminate the Convention and provide training for State agents on the Convention.  What concrete steps had been taken to enhance women’s awareness of their rights under the Convention?  How was the Committee disseminating the Convention among politicians and the judiciary? What was the national mechanism for monitoring the Committee’s recommendations?  What was the position of the State party on the ratification of the Optional Protocol?

    The Committee was concerned that the State party had failed to incorporate a comprehensive definition of discrimination against women in the Constitution or in State legislation. Why was this?  What legislative and policy measures were in place to address intersectional discrimination against women?

    Responses by the Delegation

    The delegation said access to justice was a constitutionally recognised right for all Cubans.  Men and women enjoyed the same legal status and the same rights with regard to succession.  Exorbitant fees could not be charged for legal aid services.  Around 700 pro-bono services were made available in 2024, the majority of which related to gender-based violence cases. 

    The National Ombudsperson was established in June 2023.  Its role was to protect and restore the rights of marginalised people, including women, young people, the elderly, and persons with disabilities.  It had received 102 complaints of violence and discrimination.  Forty-eight of these cases had been resolved; the rest were being reviewed.

    No authority could modify the rulings of courts or instruct judges.  The judiciary’s independence met the highest international standards.  The public was actively engaged in trials and rulings could be appealed.

    Cuba was in favour of removing the death penalty when the conditions were favourable to do so.  It had not been applied or handed down as a sanction for 20 years and had never been issued against a woman.  Four crimes had been removed from the list of crimes for which the death penalty could be applied. 

    There were no political prisoners in Cuba.  All prisoners had been sentenced for violating the law and had benefited from fair trial guarantees.  In the 2021 riots, there was vandalism and public and private property was destroyed. No country would allow such actions to go unpunished.  Criminal trials of persons who committed such actions were fair; rioters were prosecuted based on their actions, not their gender.

    Cuba engaged in ongoing awareness raising and training on the Convention and other international human rights instruments for civil servants and the judiciary.  There was also an awareness raising campaign for women and vulnerable groups.  The State party worked with local media and civil society to support this work. There were also post-graduate courses in universities on women’s empowerment and gender-based violence.

    The State party did not recognise the competence of any international treaty bodies to receive individual communications.  This was a long-standing position of the Government and there were no plans to change it.

    The State party had a follow-up mechanism to assess the implementation of the Convention and the national programme for the advancement of women.  It was working to ensure that women could play their full roles in the family, the economy and society.  The mechanism included representatives of all government bodies and civil society organizations.

    Cuba prohibited all forms of discrimination.  State legislation addressed discrimination based on sex and gender identity, amongst others.  The 2019 Constitution stated that international treaties ratified by Cuba were directly applicable in the State.  The State party had adopted over 400 decrees promoting gender equality.  An important example was the new Family Code, which placed gender equality at its core.  Members of parliament were provided with training on this legislation to ensure that they were able to apply it.  The national programme against racism and discrimination also addressed intersectional forms of discrimination.

    Questions by Committee Experts 

    A Committee Expert asked about the State party’s assessment of its efforts to disseminate the Convention. The Optional Protocol put into practical effect the rights of the Convention and would be of benefit to Cuba if it were ratified.

    RHODA REDDOCK, Committee Expert and Rapporteur for Cuba, asked if the State party had been able to address all the challenges that came with the United States’ blockade.

    Another Committee Expert shared deep concerns about the negative impact of unilateral coercive measures on human rights.  Businesses and multilateral actors needed to consider the impacts of overcompliance with sanctions, and States needed to act in line with their international obligations.

    One Committee Expert said the Federation for Cuban Women coordinated the national programme for the advancement of women.  How did the Federation mainstream gender equality across different sectors and promote the participation of women of African descent and women with disabilities in the creation of public policies?  How did it assist civil society organizations in efforts to promote gender equality?

    Cuba did not have a national human rights institute, but the National Ombudsperson might be a first step towards this.  How many complaints had it received from women?  To what extent had gender sensitivity training been provided?  Did the State party plan to establish a national human rights institute in accordance with the Paris Principles?

    Responses by the Delegation

    The delegation said that specialised training on international treaties was a challenge.  To address this, the State party had stepped up training of police, journalists and other stakeholders on the Convention, including in rural areas.  A gender approach was gradually being implemented in university textbooks. There was a communication strategy in place to promote positive portrayals of women in the media and prevent gender stereotypes.

    The State party did not recognise the competence of the treaty bodies to receive individual communications as Cuba believed that its national rights protection framework was sufficient.

    The economic blockade had primarily impacted women and families.  Banks did not allow Cuba to conduct many transactions, due to the State having been classified as a co-sponsor of terrorism.  This had hampered efforts to invest in energy and infrastructure. During the COVID-19 pandemic, there was a shortage of ventilators in hospitals, and the Government was unable to acquire them due to the blockade.  Twenty-five days of the blockade represented a year’s worth of financing required to acquire the basic basket of food and medical supplies for one year.  Eighteen days of the blockade covered a year’s worth of investment in fuel. Thirty-six hours of the blockade represented the annual cost of education materials in the country.

    Since the establishment of the Ombudsperson, it had dealt with 1,001 cases, 616 of which it had accepted for follow-up.  Over 300 of these cases had been resolved.  Two national workshops had been held to strengthen the capacity of Ombudsperson Office staff.  The State was working to ensure that women were aware of the national programme for women’s empowerment.  National and local groups provided follow-up on human rights issues affecting certain communities; these issues included racism, women’s empowerment, and the rights of persons with disabilities.  In all these fora, civil society participated actively.

    Among Cuban members of Parliament, there were 149 Afro descendants, representing over 30 per cent of members. Around 56 per cent of women members of Parliament were Afro descendants.  The State party was working to address discrimination and racism against this group.  A national observatory on racism had been established and there was a reporting line for lodging complaints of racism.  A national day for Afro-Latina and Afro-Caribbean women had been established. Over 60 civil society organizations representing these women participated in celebrations of this day.

    Questions by Committee Experts 

    A Committee Expert said the Federation of Cuban Women was very strong.  How did it support independent civil society organizations which did not belong to the Federation?

    Another Committee Expert asked whether the State party believed that there was a need to enact temporary special measures to support young girls and older women?  Were temporary special measures planned to address the phenomenon of rural to urban migration?

    RHODA REDDOCK, Committee Expert and Rapporteur for Cuba, commended the State party for continuing efforts to eliminate gender discrimination of women and carry out training and sensitisation programmes on gender discrimination.  How effective had these programmes been?  Would the State party consider establishing a multi-sectoral strategy to eliminate patriarchal stereotypes?  What work on gender stereotypes had been carried out with men and boys?  Schools reproduced gender ideologies.  To what extent were gender studies part of the teacher training curriculum?

    There were many legislative changes put in place related to gender-based violence since the last dialogue.  To what extent had the implementation of this legislation been affected by the economic blockade?  Were there official shelters for victims of gender-based violence and did the State party collaborate with civil society organizations that supported victims?  Was there a reparations procedure for victims?  Did the State party have an aversion to addressing femicide in its legislation?  What was the social perception of this phenomenon?

    One Committee Expert said that the State party had a zero-tolerance policy to trafficking.  However, there were concerning reports of sexual abuse of girls in the tourism industry and of criminalisation of women victims of sex trafficking.  When would the State party adopt a comprehensive law on trafficking with clear provisions on prevention and reparation for victims?  When would it review its Penal Code to criminalise the use of services of trafficking victims?  How would it prevent the revictimisation of trafficking victims? How many victims had been identified and assisted in the past year, and how many perpetrators had been prosecuted? Did the State party intend to include women’s non-governmental organizations in the process of identifying and preventing trafficking?  How was the State party training officials to respond to trafficking, including online trafficking activities?  What awareness raising campaigns were in place regarding trafficking?  How many shelters were available for victims of trafficking and what services did they provide?

    Responses by the Delegation

    The delegation said more than four million Cubans belonged to the Federation of Cuban Women.  The Federation of Cuban Women coordinated a working group on implementing the national programme on women’s empowerment, which also included civil society organizations that were not part of the Federation.

    Cuba had a tradition of enacting temporary special measures when needed.  For example, it had reopened children’s creches in workplaces. Measures were also being implemented to support women’s access to the basket of foodstuff and employment, and to support women and girls migrating from rural areas to cities.  The Government was supporting rural women to access livelihoods to reduce their need to migrate from rural areas.  There was a working group in place that addressed internal and external migration, developing policies to support migrants and manage urban development

    The national education system was being reviewed in 2023 and 2024 to strengthen guidelines for teachers. Issues such as gender inequality and sexual division of labour were being incorporated in students’ education. Intergenerational meetings were held with men and boys, in which elderly men taught boys about the importance of tackling gender stereotypes.

    The State party had a comprehensive legal framework and a national strategy to address gender-based violence. One of the goals of the strategy was to develop a comprehensive law on violence against women.  The Criminal Code imposed severe sanctions for the crime of murder of a women motivated by gender.  There were shelters for female victims of violence provided by grassroots organizations.  Workshops were held to coordinate the Government and civil society’s responses to gender-based violence.  Comprehensive reparations for violence could be sought through civil courts.  Members of parliament had discussed but had not agreed to include the concept of “femicide” within legislation.

    Cuba had a zero-tolerance policy regarding all forms of trafficking and was a State party to international instruments addressing various forms of trafficking.  Trafficking in persons had been included as a crime in the Criminal Code, as had forced labour.  There was a very low incidence of human trafficking in Cuba, thanks in part to the absence of significant organised crime networks.  Cuba had a national action plan and a national working group addressing trafficking.  The national action plan included strong measures promoting support for victims. The State did not criminalise women victims of trafficking. 

    State regulations prohibited sex tourism.  Detection and combatting systems were in place in the tourism industry.  The State party had identified a small number of foreigners in the country who were involved in facilitating child sex tourism, who were duly sentenced.  Over 700 training sessions had taken place for 7,000 workers in the tourism sector on the prevention of trafficking. 

    Cuba had published an annual report on trafficking that contained data on cases of trafficking before the courts. There were 14 prosecutions for trafficking crimes in 2023.  The State party did not criminalise prostitution but did punish pimping with severe penalties.  Social workers were supporting sex workers and the State was working to eradicate the root causes of women becoming involved in prostitution.

    Questions by Committee Experts 

    A Committee Expert welcomed that Cuba currently had one of the highest rates of female participation in Parliament worldwide.  However, a gender gap persisted in cabinet ministries, with only 18.5 per cent of ministerial positions being held by women.  Men were concentrated in the most influential spheres of Government.  How was the State party measuring the number of women in executive posts in the private sector?  Was it encouraging private sector bodies to promote women’s representation?  How many heads of standing committees in Parliament were women?  How many women civil society organizations were there and were they affected by laws preventing access to foreign funding?

    Another Committee Expert asked about circumstances in which Cuban women could lose their nationality.  Could the State party strip people of their nationality? Was there a mechanism for Cuban women born abroad to regain their nationality?

    Responses by the Delegation

    The delegation said Cuba had made significant progress over the reporting period regarding the representation of women in Parliament.  Three women played a key role in leadership of the Central Communist Party Committee and 46 per cent of members of this committee were women.  Six provinces had female governors; 80 per cent of vice-ministerial posts were held by women; and six of the 11 standing working committees of Parliament were led by women.  The State party had put in place an action plan to increase the representation of women in non-traditional sectors and in leadership positions, and to increase the number of women-owned enterprises.

    Civil society organizations could receive foreign funding, but not financing for activities that subverted the constitutional order.

    The Constitution regulated how citizenship was acquired.  The acquisition of citizenship of other States did not lead to the revoking of Cuban citizenship.  A new law on citizenship had been adopted but had not yet come into force.  The law would require persons who applied to renounce Cuban nationality to hold another nationality.

    Questions by Committee Experts 

    A Committee Expert asked if there was a follow-up mechanism in place to assess the number of women in executive posts.

    RHODA REDDOCK, Committee Expert and Rapporteur for Cuba, said that the President could issue decisions on the removal of citizenship.  Could this lead to statelessness?

    One Committee Expert commended Cuba for its efforts to make the right to education free and universal and to promote women’s academic achievements.  The Expert cited reports of an increased rate of teenage pregnancies in rural and remote areas, particularly for people of African descent.  When would the State party start implementing a sexual education programme?  How was it working around the economic blockade to support rural and Black women? How many rural and marginalised women were attending university?  Did the State party have legislation and policies that addressed bullying in schools and cyber bullying?  How did the State party ensure that women and men earned the same in the education sector?

    Another Committee Expert said women’s labour force participation rate was relatively low, at 39 per cent.  How would the State party increase this rate, particularly in the formal sector, and ensure that women in the informal sector had the same access to protections as in the formal sector?  What measures were in place to address the segregation of women in the workforce and to promote the employment of women of African descent and women with disabilities?  The State party had prohibited discrimination on the basis of employment.  How was this being implemented?  Women spent twice as much time doing domestic and care work, and there had been successive cuts to social care programmes.  How did the State party intend to sustain these programmes? 

    How effective was legislation promoting shared parental responsibility?  How was the State party working to prevent workplace sexual harassment? How many complaints of workplace harassment had been received since 2019?  What were the obstacles to the State party ratifying International Labour Organization Conventions 189 and 160?

    Responses by the Delegation

    The delegation said the national programme for the advancement of women included measures to assess the representation of women in construction, agriculture, mining and water resource fields, in which there were fewer women in executive posts.  The ministries of transport and energy and mining had vice-ministers who were women.  The Government would continue to undertake actions to incentivise women’s participation in non-traditional sectors.

    Citizens needed to comply with specific requirements to renounce nationality.  There needed to be serious circumstances, such as membership of an armed group that had attacked the State, for nationality to be deprived. The President authorised the deprivation of nationality.

    For the current school year, the State party had incorporated comprehensive sexual education into the common compulsory syllabus at both primary and secondary levels.  Students and their families had contributed to drafting a protocol to tackle violence in schools.  Capacity building on responding to violence was provided through conferences and training for teachers.  There was only a small number of girls who dropped out of school, but every effort was taken to encourage them to return.  This had led to a decline in the dropout rate in recent years.  At the secondary level, around 1,500 students with disabilities had graduated in the most recent school year.  There was no gender wage gap in the educational sector.

    Cuba was promoting the prevention of cyber violence.  The law on social communications established that online content could not be used to discriminate against any group on any grounds.  Online advertising could not employ stereotypical depictions of women. There was also legislation sanctioning online child pornography and bullying.  The Criminal Code addressed criminal activities using digital spaces. In the 10 years since the last review, access to the internet in Cuba had improved significantly, despite the United States’ blockade, which affected the telecommunications industry.

    The Government was calling for the fair distribution of household and care work between men and women.  A recent decree on the national care system provided for a more equitable approach to care.  The decree recognised that carers’ unpaid work made valuable contributions to society.  The State was training carers to provide formalised care for the aging population and raising awareness about the need for men and women to spend equal time on care duties.

    The Labour Code included a definition of workplace harassment.  If the victim was a subordinate to the perpetrator, or if the harassment was based on gender, higher sanctions were implemented.  Mechanisms for reporting harassment were in place in each workplace and complaints could also be submitted directly to the Government. 

    Women workers enjoyed the right to maternity leave, which had recently been extended to 15 weeks after the birth of a child.  The posts of women who took maternity leave were reserved for when they returned. The Government was also encouraging sharing of parental leave between mothers and fathers.  It had opened early childhood facilities across the country, increasing places in those facilities ten-fold.  Workplace creches provided childcare for 5,000 children.  Wage equality between men and women was established as a right within legislation.

    Cuba did not believe it was currently necessary to ratify International Labour Organization Convention 160.  It was a party to the main eight International Labour Organization Conventions.

    Questions by Committee Experts 

    A Committee Expert said the Committee welcomed actions taken by the State party to reduce under five mortality rates.  The life expectancy in Cuba had reached 81 years, which was remarkable.  The Government provided a public and free health care system.  Did it cover the needs of poor and rural women?  How did the State party succeed in being the first country to eradicate mother-to-child HIV and syphilis transmission?  There was a high level of teenage pregnancy in Cuba.  What measures were in place to provide affordable contraception to women and girls who needed it?  How was the State party reducing post-partum complications and ensuring the availability of family doctors in rural and remote areas?

    Another Committee Expert noted that there were multiple initiatives to promote women’s access to employment in fields such as agriculture.  The Government had promoted 20 affirmative actions in the rural sector to advance the empowerment of women.  What resources were available to women to succeed in business initiatives?  Were there opportunities for women to participate in the blue economy?  A law on the transfer of agricultural land had recently been enacted; how had it assisted rural women to access land?  To what extent had Cuba provided loans and credit for women?  Were there plans to improve data on women’s access to credit?

    Responses by the Delegation

    The delegation said that in 2023, there were around 27,500 general practitioners in the State party. Priority was attached to providing health services in rural areas. 

    The State party needed to continue to increase the percentage of women in agriculture and the percentage of women landowners.  The Government was supporting women to access bank loans.  It planned to collect data on recipients of bank loans, disaggregated by sex and ethnicity.

    Cuba had managed to keep prevalence rates of HIV at the lowest rates in Latin America through prophylaxis measures implemented with the support of the World Health Organization.  There were several programmes in place for the prevention and monitoring of sexually transmitted infections.

    Questions by Committee Experts 

    RHODA REDDOCK, Committee Expert and Rapporteur for Cuba, said that only 10 per cent of the agricultural land distributed by the Government had been distributed to women.  What factors were affecting women’s involvement in agriculture and their access to land?

    Another Committee Expert said that there were restrictions on people changing residence, particularly affecting women in the eastern part of the island.  Institutions had been authorised to find and deport people to their places of origin.  How would the State party guarantee the right to internal migration?

    Women deprived of liberty reportedly faced violence from staff and inmates.  How did the State party work with civil society to oversee prisons? Was prenatal care provided to pregnant women in prisons?

    How was the State party providing elderly women with basic care, food and services?  What steps had been taken to ensure substantive equality for women of African descent?  What services were provided for women with disabilities in rural areas?  How was the State party promoting the right to identity for lesbian, bisexual, transgender and intersex women?

    One Committee Expert said that the economic blockade on Cuba was a flagrant violation of the rights of Cubans, damaging their rights to food, education, health and other areas.  The Expert commended legislation that increased the age of marriage to 18.  How did the State party plan to address de facto unions with children?  How many criminal cases related to child marriage had there been in the last four years?

    Responses by the Delegation

    The delegation said the gender observatory was compiling data on women who owned land and worked in agriculture. The Government was working to support more rural women to gain access to land, State services and economic empowerment.

    The national health system had 53 different services for older persons delivered at the community level.  Cuba continued to promote access to services, cultural spaces and employment for persons with disabilities.  The State party was taking steps to ensure that Afro descendant women played their full role by supporting access to education and breaking down stereotypes.

    The treatment of detainees in Cuba was in line with the Mandela and Bangkok Rules.  The right to free medical care was provided in places of detention, along with recreational activities.  Women prisoners received differentiated treatment.  Support and care for children staying in prisons with their mothers was provided.

    The Family Code recognised same-sex marriage and assisted reproduction.  There had been 85 same-sex marriages between women in the last year. The State party was providing care and support for trans women.  Campaigns to tackle homophobia and transphobia were being rolled out across the country.

    Concluding Remarks 

    INÉS MARÍA CHAPMAN WAUGH, Deputy Prime Minister of Cuba and head of the delegation, thanked the Committee for the constructive dialogue.  Cuba valued the recommendations of the Committee, which would be scrutinised with due rigour.  The Government was committed to implementing the Convention and promoting women’s rights. It would do its utmost to achieve its goals in this regard, despite the economic blockade imposed by the United States.

    ANA PELÁEZ NARVÁEZ, Committee Chair, said that the Committee commended Cuba for its efforts and called on the State party to implement the Committee’s recommendations for better implementation of the Convention for the benefit of all women and girls in the State.

     

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

    CEDAW24.030E

    MIL OSI United Nations News