NewzIntel.com

Category: Economy

  • MIL-Evening Report: Trump’s push on deep sea mining leaves Nauru’s commercial ambitions ‘out in cold’

    By Teuila Fuatai, RNZ Pacific senior journalist

    Nauru’s ambition to commercially mine the seabed is likely at risk following President Donald Trump’s executive order last month aimed at fast-tracking ocean mining, anti-deep sea mining advocates warn.

    The order also increases instability in the Pacific region because it effectively circumvents long-standing international sea laws and processes by providing an alternative path to mine the seabed, advocates say.

    Titled Unleashing America’s Offshore Critical Minerals and Resources, the order was signed by Trump on April 25. It directs the US science and environmental agency to expedite permits for companies to mine the ocean floor in US and international waters.

    It has been condemned by legal and environmental experts around the world, particularly after Canadian mining group The Metals Company announced last Tuesday it had applied to commercially mine in international waters through the US process.

    The Metals Company has so far been unsuccessful in gaining a commercial mining licence through the International Seabed Authority (ISA).

    Currently, the largest area in international waters being explored for commercial deep sea mining is the Clarion-Clipperton Zone, located in the central Pacific Ocean. The vast area sits between Hawai’i, Kiribati and Mexico, and spans 4.5 million sq km.

    The area is of high commercial interest because it has an abundance of polymetallic nodules that contain valuable metals like cobalt, nickel, manganese and copper, which are used to make products such as smartphones and electric batteries. The minerals are also used in weapons manufacturing.

    Benefits ‘for humankind as a whole’
    Under the UN Convention on the Law of the Sea (UNCLOS), the Clarion-Clipperton Zone falls under the jurisdiction of the ISA, which was established in 1994. That legislation states that any benefits from minerals extracted in its jurisdiction must be for “humankind as a whole”.

    Nauru — alongside Tonga, Kiribati and the Cook Islands — has interests in the Clarion-Clipperton Zone after being allocated blocks of the area through UNCLOS. They are known as sponsor states.

    In total, there are 19 sponsor states in the Clarion-Clipperton Zone.

    Nauru is leading the charge for deep sea mining in international waters. Image: RNZ Pacific/Caleb Fotheringham

    Nauru and The Metals Company
     Since 2011, Nauru has partnered with The Metals Company to explore and assess its block in the Clarion-Clipperton Zone for commercial mining activity.

    It has done this through an ISA exploration licence.

    At the same time, the ISA, which counts all Pacific nations among its 169-strong membership, has also been developing a commercial mining code. That process began in 2014 and is ongoing.

    The process has been criticised by The Metals Company as effectively blocking it and Nauru’s commercial mining interests.

    Both have sought to advance their respective interests in different ways.

    In 2021, Nauru took the unprecedented step of utilising a “two-year” notification period to initiate an exploitation licencing process under the ISA, even though a commercial seabed mining code was still being developed.

    An ISA commercial mining code, once finalised, is expected to provide the legal and technical regulations for exploitation of the seabed.

    In the absence of a code
    However, according to international law, in the absence of a code, should a plan for exploitation be submitted to the ISA, the body is required to provisionally accept it within two years of its submission.

    While Nauru ultimately delayed enforcing the two-year rule, it remains the only state to ever invoke it under the ISA. It has also stated that it is “comfortable with being a leader on these issues”.

    To date, the ISA has not issued a licence for exploitation of the seabed.

    Meanwhile, The Metals Company has emphasised the economic potential of deep sea mining and its readiness to begin commercial activities. It has also highlighted the potential value of minerals sitting on the seabed in Nauru’s block in the Clarion-Clipperton Zone.

    “[The block represents] 22 percent of The Metals Company’s estimated resource in the [Clarion-Clipperton Zone and] . . .  is ranked as having the largest underdeveloped nickel deposit in the world,” the company states on its website.

    Its announcement on Tuesday revealed it had filed three applications for mining activity in the Clarion-Clipperton Zone under the US pathway. One application is for a commercial mining permit. Two are for exploration permits.

    The announcement added further fuel to warnings from anti-deep sea mining advocates that The Metals Company is pivoting away from Nauru and arrangements under the ISA.

    Last year, the company stated it intended to submit a plan for commercial mining to the ISA on June 27 so it could begin exploitation operations by 2026.

    This date appears to have been usurped by developments under Trump, with the company saying on Tuesday that its US permit application “advances [the company’s] timeline ahead” of that date.

    The Trump factor
     Trump’s recent executive order is critical to this because it specifically directs relevant US government agencies to reactivate the country’s own deep sea mining licence process that had largely been unused over the past 40 years.

    President Donald Trump signs a proclamation in the Oval Office at the White House last month expanding fishing rights in the Pacific Islands to an area he described as three times the size of California. Image: RNZ screenshot APR

    That legislation, the Deep Sea Hard Mineral Resources Act, states the US can grant mining permits in international waters. It was implemented in 1980 as a temporary framework while the US worked towards ratifying the UNCLOS Treaty. Since then, only four exploration licences have been issued under the legislation.

    To date, the US is yet to ratify UNCLOS.

    At face value, the Deep Sea Hard Mineral Resources Act offers an alternative licensing route to commercial seabed activity in the high seas to the ISA. However, any cross-over between jurisdictions and authorities remains untested.

    Now, The Metals Company appears to be operating under both in the same area of international waters — the Clarion-Clipperton Zone.

    Deep Sea Conservation Coalition’s Pacific regional coordinator Phil McCabe said it was unclear what would happen to Nauru.

    “This announcement really appears to put Nauru as a partner of the company out in the cold,” McCabe said.

    No Pacific benefit mechanism
    “If The Metals Company moves through the US process, it appears that there is no mechanism or no need for any benefit to go to the Pacific Island sponsoring states because they sponsor through the ISA, not the US,” he said.

    McCabe, who is based in Aotearoa New Zealand, highlighted extensive investment The Metals Company had poured into the Nauru block over more than 10 years.

    He said it was in the company’s financial interests to begin commercial mining as soon as possible.

    “If The Metals Company was going to submit an application through the US law, it would have to have a good measure of environmental data on the area that it wants to mine, and the only area that it has that data [for] is the Nauru block,” McCabe said.

    He also pointed out that the size of the Nauru block The Metals Company had worked on in the Clarion-Clipperton Zone was the same as a block it wanted to commercially mine through US legislation.

    Both are exactly 25,160 sq km, McCabe said.

    RNZ Pacific asked The Metals Company to clarify whether its US application applied to Nauru and Tonga’s blocks. The company said it would “be able to confirm details of the blocks in the coming weeks”.

    It also said it intended to retain its exploration contracts through the ISA that were sponsored by Nauru and Tonga, respectively.

    Cook Islands nodule field – photo taken within Cook Islands EEZ. Image: Cook Islands Seabed Minerals Authority

    Pacific Ocean a ‘new frontier’
     Pacific Network on Globalisation (PANG) associate Maureen Penjueli had similar observations to McCabe regarding the potential impacts of Trump’s executive order.

    Trump’s order, and The Metals Company ongoing insistence to commercially mine the ocean, was directly related to escalating geopolitical competition, she told RNZ Pacific.

    “There are a handful of minerals that are quite critical for all kinds of weapons development, from tankers to armour like nuclear weapons, submarines, aircraft,” she said.

    Currently, the supply and processing of minerals in that market, which includes iron, lithium, copper, cobalt and graphite, is dominated by China.

    Between 40 and 90 percent of the world’s rare earth minerals are processed by China, Penjueli said. The variation is due to differences between individual minerals.

    As a result, both Europe and the US are heavily dependent on China for these minerals, which according to Penjueli, has massive implications.

    “On land, you will see the US Department of Defense really trying to seek alternative [mineral] sources,” Penjueli said.

    “Now, it’s extended to minerals in the seabed, both within [a country’s exclusive economic zone], but also in areas beyond national jurisdictions, such as the Clarion-Clipperton Zone, which is here in the Pacific. That is around the geopolitical [competition]  . . .  and the US versus China positioning.”

    Notably, Trump’s executive order on the US seabed mining licence process highlights the country’s reliance on overseas mineral supply, particularly regarding security and defence implications.

    He said the US wanted to advance its leadership in seabed mineral development by “strengthening partnerships with allies and industry to counter China’s growing influence over seabed mineral resources”.

    The Metals Company and the US
     She believed The Metals Company had become increasingly focused on security and defence needs.

    Initially, the company had framed commercial deep sea mining as essential for the world’s transition to green energies, she said. It had used that language when referring to its relationships with Pacific states like Nauru, Penjueli said.

    However, the company had also begun pitching US policy makers under the Biden administration over the need to acquire critical minerals from the seabed to meet US security and defence needs, she said.

    Since Trump’s re-election, it had also made a series of public announcements praising US government decisions that prioritised deep sea mining development for defence and security purposes.

    In a press release on Trump’s executive order, The Metals Company chief executive Gerard Barron said the company had enough knowledge to manage the environmental risks of deep sea mining.

    “Over the last decade, we’ve invested over half a billion dollars to understand and responsibly develop the nodule resource in our contract areas,” Barron said.

    “We built the world’s largest environmental dataset on the [Clarion-Clipperton Zone], carefully designed and tested an off-shore collection system that minimises the environmental impacts and followed every step required by the International Seabed Authority.

    “What we need is a regulator with a robust regulatory regime, and who is willing to give our application a fair hearing. That’s why we’ve formally initiated the process of applying for licenses and permits under the existing US seabed mining code,” Barron said.

    ISA influenced by opposition faction
    The Metals Company directed RNZ Pacific to a statement on its website in response to an interview request.

    The statement, signed by Barron, said the ISA was being influenced by a faction of states aligned with environmental NGOs that opposed the deep sea mining industry.

    Barron also disputed any contraventions of international law under the US regime, and said the country has had “a fully developed regulatory regime” for commercial seabed mining since 1989.

    “The ISA has neither the mining code nor the willingness to engage with their commercial contractors,” Barron said. “In full compliance with international law, we are committed to delivering benefits to our developing state partners.”

    President Trump’s executive order marks America’s return to “leadership in this exciting industry”, claims The Metals Company. Note the name “Gulf of America” on this map was introduced by President Trump in a controversial move, but the rest of the world regards it as the Gulf of Mexico, as recognised by officially recognised by the International Hydrographic Organisation. Image: Facebook/The Metals Company

    ‘It’s an America-first move’
    Despite Barron’s observations, Penjueli and McCabe believed The Metals Company and the US were side-stepping international law, placing Pacific nations at risk.

    McCabe said Pacific nations benefitted from UNCLOS, which gives rights over vast oceanic territories.

    “It’s an America-first move,” said McCabe who believes the actions of The Minerals Company and the US are also a contravention of international law.

    There are also significant concerns that Trump’s executive order has effectively triggered a race to mine the Pacific seabed for minerals that will be destined for military purposes like weapons systems manufacturing, Penjueli said.

    Unlike UNCLOS, the US deep sea mining legislation does not stipulate that minerals from international waters must be used for peaceful purposes.

    Deep Sea Conservation Coalition’s Duncan Currie believes this is another tricky legal point for Nauru and other sponsor states in the Clarion-Clipperton Zone.

    Potentially contravene international law
    For example, should Nauru enter a commercial mining arrangement with The Metals Company and the US under US mining legislation, any royalties that may eventuate could potentially contravene international law, Currie said.

    First, the process would be outside the ISA framework, he said.

    Second, UNCLOS states that any benefits from seabed mining in international waters must benefit all of “humankind”.

    Therefore, Currie said, royalties earned in a process that cannot be scrutinised by the ISA likely did not meet that stipulation.

    Third, he said, if the extracted minerals were used for military purposes — which was a focus of Trump’s executive order — then it likely violates the principle that the seabed should only be exploited for peaceful purposes.

    “There really are a host of very difficult legal issues that arise,” he added.

    The Metals Company says ISA is being influenced by a faction of states aligned with environmental NGOs that oppose the deep sea mining industry. Image: Facebook/The Metals Company/RNZ

    The road ahead
     Now more than ever, anti-deep sea mining advocates believe a moratorium on the practice is necessary.

    Penjueli, echoing Currie’s concerns, said there was too much uncertainty with two potential avenues to commercial mining.

    “The moratorium call is quite urgent at this point,” she said.

    “We simply don’t know what [these developments] mean right now. What are the implications if The Metals Company decides to dump its Pacific state sponsored partners? What does it mean for the legal tenements that they hold in the Clarion-Clipperton Zone?”

    In that instance, Nauru, which has spearheaded the push for commercial seabed mining alongside The Metals Company, may be particularly exposed.

    Currently, more than 30 countries have declared support for a moratorium on deep sea mining. Among them are Fiji, Federated States of Micronesia, New Caledonia, Palau, Samoa, Tuvalu, Vanuatu, and Tuvalu.

    On the other hand, Nauru, Kiribati, Tonga, and the Cook Islands all support deep sea mining.

    Australia has not explicitly called for a moratorium on the practice, but it has also refrained from supporting it.

    New Zealand supported a moratorium on deep sea mining under the previous Labour government. The current government is reportedly reconsidering this stance.

    RNZ Pacific contacted the Nauru government for comment but did not receive a response.

    This article is republished under a community partnership agreement with RNZ.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: A ‘Trump slump’ has lifted the left in Canada and now Australia – what are the lessons for NZ?

    Source: The Conversation (Au and NZ) – By Grant Duncan, Teaching Fellow in Politics and International Relations, University of Auckland, Waipapa Taumata Rau

    Trying to capitalise on the electoral success of US President Donald Trump, now that his policies are having real-world effects, is proving to be a big mistake for conservative leaders.

    Australian voters have delivered a landslide win for the incumbent Labor Party, returning Prime Minister Anthony Albanese for a second term with a clear majority of seats.

    When he said in his victory speech that Australians had “voted for Australian values”, an unspoken message was that they’d firmly rejected Trumpian values.

    Meanwhile, opposition and Liberal Party leader Peter Dutton had such a bad election he lost his own seat. While not the only reason for his electoral demise, Dutton’s adoption of themes associated with Trump backfired.

    As recently as mid-February, however, it was a completely different story. Opinion polls were projecting Dutton’s Coalition to win. Betting markets followed suit, pricing in a change of government.

    But by March, Labor had pulled ahead in the polls, and exceeded expectations in the election itself. As one commentator put it, the Liberals were “reduced to a right-wing populist party that is all but exiled from the biggest cities”.

    Reversal of fortune

    Where, then, did Dutton go wrong? Commentators identified a number of reasons, including his “culture wars” and being depicted by Labor as “Trump-lite”.

    Following a Trumpian pathway turned out to be a strategic blunder. And Dutton’s downfall mirrors Conservative leader Pierre Poilievre’s defeat in Canada’s election on April 28.

    In January, Canada’s incumbent centre-left Liberals were heading for defeat to the Conservatives. But there were two gamechangers: the Liberals switched leaders from Justin Trudeau to Mark Carney, and Trump caused a national uproar with his aggressive tariffs and his call for Canada to become the 51st US state.

    Pre-election opinion polls then did a dramatic flip in favour of the Liberals, who went on to win their fourth election in a row.

    Poilievre’s campaign had adopted elements of the Trump style, such as attacking “wokeness” and using derogatory nicknames for opponents.

    His strategy failed as soon as Trump rolled out “America First” policies contrary to Canadians’ economic interests and national pride. The takeaway for serious right-wing leaders in liberal democracies is clear: let Trump do Trump; his brand is toxic.

    Not a universal trend

    Trump’s actions are harming America’s allies. His tariffs, disregard for the rule of law, and tough policies on migrants, affirmative action and climate change have seen voters outside the US react with self-protective patriotism.

    A perceived association with Trump’s brand has now upended the electoral fortunes of (so far) two centre-right parties that had been in line to win, and had been banking on the 2024 MAGA success somehow rubbing off on them.

    Admittedly, what has been dubbed the “Trump slump” isn’t a universal trend.

    In Germany, the centre-left Social Democratic-led government was ousted in February, in spite of Trump ally Elon Musk’s unhelpful support for the far-right, anti-immigrant Alternative for Germany (AfD) party.

    And in the United Kingdom, the populist Reform UK party has risen above 25%, while Labour has fallen from 34% in last year’s election to the low 20s in recent polls.

    But other governing centre-left parties are seeing an upside of the Trump effect.
    Norway’s next election is on September 8. In early January it looked like the incumbent Labour Party would be trounced by the Conservatives and the right-wing Progress Party.

    Opinion polls dramatically flipped in early February, however, boosting Labour from below 20% back into the lead, hitting 30%. If that trend is sustained, Prime Minister Jonas Gahr Støre will get another term in office.

    Denmark’s governing Social Democrats have enjoyed a small polling boost, too, since Trump declared he’d like to take Greenland off their hands.

    Lessons for NZ’s left and right

    The common denominator underlying these shifts to the left seems to be the Trump effect. Voters in countries normally closely allied with the US are turning away from Trump-adjacent politicians.

    In 2024, elections tended to go against incumbents. But, for now at least, people are rallying patriotically around centre-left, sitting governments.

    Ironically, Trump is harming leaders who could have been his allies. Unrepentant as always, the man himself seemed proud of the impact he had in Canada.

    Winston Peters: culture war rhetoric.
    Getty Images

    In Australia and New Zealand, polls in mid-2024 showed support for Trump was growing – heading well above 20%. Australia’s election suggests that trend may now be past its peak.

    In New Zealand, with debate over ACT’s contentious Treaty Principles Bill behind it, and despite NZ First leader Winston Peters’ overt culture-war rhetoric (which may appeal to his 6% support base), the right-wing coalition government’s polling shows it could be on track for a second term – for the time being.

    While the Trump effect may have benefited centre-left parties in Australia and Canada, polling for New Zealand’s Labour opposition is softer than at the start of the year.

    While “America First” policies continue to damage the global economy, centre-right leaders who learn the lesson will quietly distance themselves from the Trump brand, while maintaining cordial relations with the White House.

    Centre-left leaders, however, could do worse than follow Anthony Albanese’s example of not getting distracted by “Trump-lite” and instead promoting his own country’s values of fairness and mutual respect.

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

    – ref. A ‘Trump slump’ has lifted the left in Canada and now Australia – what are the lessons for NZ? – https://theconversation.com/a-trump-slump-has-lifted-the-left-in-canada-and-now-australia-what-are-the-lessons-for-nz-255715

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI New Zealand: Tax Issues – New report illustrates tax system failures – Tax Justice Aotearoa

    Source: Tax Justice Aotearoa

    Tax reform advocacy group Tax Justice Aotearoa is calling on the Government and opposition parties to remedy the failures in our taxation system illustrated by a new report from the Centre of International Corporate Tax Accountability and Research, which looks at transparency and corporate tax issues in the heavily public-funded aged care sector.

    “Instead of talking about the possibility of reducing our corporate tax rate of 28 per cent, the Government should be finding ways to increase financial transparency, and ensuring that multinational corporates pay their fair share of current corporate tax by reviewing the thin capitalisation rules,” says Glenn Barclay, Chairperson of Tax Justice Aotearoa.

    “This is particularly urgent where public funds are paid to multinational corporations delivering services on behalf of the government.”

    The report focuses on the transparency of public funding in the aged residential care sector, and shows how our tax system allows multi-national providers to avoid paying the taxes that the public would expect them to pay, demonstrating this through the example of UK-owned BUPA.

    BUPA had an average effective corporate tax rate over the past decade of only 4 per cent, much lower than the headline rate of 28 per cent, driven largely by tax-free capital gains.

    In addition, the company appears to have used inter-company interest payments on a substantial loan to an Australian-incorporated BUPA company, which may have reduced taxable income by around $151m over the decade, trimming tax revenue by as much as $27 million over that period.

    “This ability of multi-nationals to set up loans between subsidiary companies in different countries and then claim tax deductibility on the interest from those loans is a major issue,” says Glenn Barclay.

    “While entirely legal, this ‘thin capitalisation’ is an approach that most members of the public would find questionable. It also gives multi-national players an advantage over wholly New Zealand-owned companies in competitive markets.”

    “New Zealand does have thin capitalisation rules that are supposed to prevent this kind of activity, but this example shows that they are simply not strong enough,” says Glenn Barclay.

    “We note that Australia and the UK have introduced a ‘fixed ratio’ test for interest payments on related party debt which limits allowable interest deductions in any one year to 30 per cent of gross earnings and this is the kind of measure that we should also seriously consider.”

    “On a related matter, we note that IRD is looking at relaxing the existing thin capitalisation rules for infrastructure projects as part of its work programme agreement with the Minister of Revenue.

    This could well be in the Budget and would be a big step in the wrong direction,” says Glenn Barclay. “We urge the Government not to go down this route, but instead look at tightening this provision across the economy.”

    The report questions the tax exemptions in the sector for capital gains arising from revaluations of assets, which is significant given the amount of real estate that companies in the sector own.

    “It seems that aged residential care providers are intentionally using the capital gains they make from selling both rights to occupy properties to new residents, and sometimes the properties themselves, as part of their income streams,” says Glenn Barclay.

    “If this is true, then the current law, which says that capital gains on sales made intentionally for that purpose are taxable, should be enforced. If, for some reason, it is not enforceable, then the law should be clarified. A comprehensive tax on capital gains would resolve these issues in a much clearer way.”

    The report also raises questions about the level of funding for the aged care sector and the extent to which unaccountable multi-national and other private providers should be involved in service delivery.

    “The report indirectly supports the need for more funding for aged care generally as the population ages and this is yet another example of a demand for services that only a more progressive tax system that properly taxes wealth can address,” says Glenn Barclay.

    MIL OSI New Zealand News –

  • MIL-OSI Australia: Taxable NFP organisations

    Source: New places to play in Gungahlin

    Taxable or exempt organisations

    Not all NFP organisations are exempt from income tax. NFPs can be either exempt or taxable.

    To be exempt from income tax, an NFP must meet the requirements to self-assess as income tax exempt or be a registered charity that is endorsed by us as income tax exempt.

    NFP organisations that seek to advance the common interest of their members and do not benefit the broader community won’t generally meet the requirements for income tax exemption.

    Examples of taxable NFPs include:

    • social clubs and fraternal organisations
    • some business and professional associations
    • clubs whose main purpose is providing hospitality services for members
    • political parties.

    Some NFP organisations are taxable and may have to lodge income tax returns and pay income tax. If you are a taxable NFP, find out if you can apply the mutuality principle when calculating your taxable income.

    To work out if you need to lodge an income tax return or if you should notify us of a ‘non-lodgment advice’ also known as a ‘return not necessary’, check if your organisation is:

    Incorporated associations and unincorporated associations are treated as a company for income tax purposes under tax law.

    Taxable NFP companies

    NFP companies are organisations, incorporated and unincorporated, that operate for its purpose and not for the profit or gain (direct or indirect) of its individual members. Their governing documents must prohibit them from making any distributions to their members, whether in money, property or otherwise.

    Taxable NFP companies have special arrangements for lodging tax returns and special rates of income tax. An NFP company with taxable income of:

    Income tax rates for the 2023–24 income year

    Your reporting requirements and specific rates depend on if your NFP company is a base rate entity.

    NFP company that is a base rate entity

    Taxable income range

    Rate of tax

    How to report

    $0–$416

    Nil

    Submit a non-lodgment advice, also known as a return not necessary, to avoid receiving a reminder to lodge letter.

    $417–$762

    55% for every dollar over $416

    Lodge a company tax return.

    For help with lodging, see Not-for-profit guide to company tax return.

    From $763 and above

    25% on the whole amount of your taxable income

    Lodge a company tax return.

    For help with lodging, see Not-for-profit guide to company tax return.
    NFP company that is not a base rate entity

    Taxable income range

    Rate of tax

    How to report

    $0–$416

    Nil

    Submit a non-lodgment advice, also known as a return not necessary, to avoid receiving a reminder to lodge letter.

    $417–$915

    55% for every dollar over $416

    Lodge a company tax return.

    For help with lodging, see Not-for-profit guide to company tax return.

    $916 and above

    30% on the whole amount of taxable income

    Lodge a company tax return.

    For help with lodging, see Not-for-profit guide to company tax return.
    Example 1: income tax payable by NFP company with $900 taxable income

    An NFP company has taxable income of $900 in the 2023–24 financial year.

    Base rate entity

    For an NFP company that is a base rate entity the income tax payable is $225. This is calculated by multiplying the whole $900 of taxable income by 0.25.

    Not a base rate entity

    For an NFP company that is not a base rate entity the income tax payable is $266.20, which is calculated by taking 2 steps:

    • Step 1 – determine the amount of taxable income above $416, by subtracting $416 from $900. This leaves $484 in taxable income.
    • Step 2 – multiply $484 taxable income by 0.55.

    End of example

    Example 2: income tax payable by NFP company with $2,000 taxable income

    An NFP company has taxable income of $2,000 in the 2023–24 financial year.

    Base rate entity

    For an NFP company that is a base rate entity, the income tax payable is $500 and is calculated by multiplying the whole $2,000 of taxable income by 0.25.

    Non base rate entity

    For an NFP company that is not a base rate entity, the income tax payable is $600 and is calculated by multiplying the whole $2,000 of taxable income by 0.30.

    End of example

    Taxable trusts and partnerships

    Taxable trusts and partnerships must lodge a return every year regardless of net income.

    For help completing your tax return, see Income tax return for partnerships and trusts.

    Other taxable companies

    Clubs, societies, and associations whose constituent documents don’t prohibit them from making distributions to their members are treated as other taxable companies.

    Incorporated associations and unincorporated associations are treated as a company for income tax purposes under tax law.

    Other taxable companies must lodge a tax return each year, regardless of their taxable income. There is no tax-free threshold and they have the same rates of tax as other companies.

    For the 2023–24 income year, the rate of tax is:

    • 25% if the company is a base rate entity
    • 30% if the company isn’t a base rate entity.

    The taxable income of a club, society or association is calculated in the same way as a company for tax purposes.

    Income tax rates for the 2023–24 income year – other taxable companies

    Income category

    Rate of tax

    Base rate entity

    25%

    Not a base rate entity

    30%

    For help completing your tax return, see Not-for-profit guide to company tax return.

    Mutuality principle

    To work out your NFPs taxable income, you must know how amounts received from members are treated. Under the mutuality principle:

    • receipts derived from mutual dealings with members are not assessable income (these are called mutual receipts)
    • expenses incurred to get mutual receipts are not deductible.

    Notify of a non-lodgment advice

    Who can use a non-lodgment advice

    If you are:

    How to notify us

    As an NFP company, you can give us non-lodgment advice for an income year by either:

    To make the request, you must be listed as an authorised contact on ATO records to act on behalf of the organisation. If you need to update your authorised contacts, see Notify us of changes to your not-for-profit.

    Phoning us

    Speak with a customer service representative using our Lodge and Pay enquiry phone number. Due to privacy reasons, you must be an authorised contact already listed on ATO records. We’ll ask you to confirm your identity and authorisation to access the account.

    Using a form

    You can download and complete the NFP company non-lodgment adviceExternal Link.

    Registered tax agent

    A registered tax agent can submit the non-lodgment advice on your behalf using Online services for agents.

    Capital gains tax

    Capital gains tax (CGT) applies to NFP clubs, societies and associations that are treated as companies for income tax purposes, in the same way as it does for other companies that pay income tax.

    Pay as you go instalments

    Pay as you go (PAYG) instalments is a system for paying amounts towards the expected tax liability on your business and investment income for the financial year.

    Consolidations

    Wholly-owned corporate groups may have the option of consolidating for income tax. Consolidation is optional but cannot be reversed. The consolidated group operates as a single entity for income tax purposes, lodging a single tax return and paying a single set of PAYG instalments.

    When a group consolidates, it is a ‘one in, all in’ situation, where all of the head company’s eligible wholly-owned subsidiary members become part of the group.

    There are specific rules about the types of entities that can be a head company or a subsidiary member of a consolidated group.

    MIL OSI News –

  • MIL-OSI Australia: Tax time toolkit for investors

    Source: New places to play in Gungahlin

    Our commitment to you

    We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations.

    If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take.

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    MIL OSI News –

  • MIL-OSI Russia: Marat Khusnullin: Traffic has been launched on four-lane sections of the M-9 “Baltia” highway from Moscow to the Rzhev Memorial

    Translation. Region: Russian Federal

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

    The section of the highway from Moscow to the Rzhev Memorial to the Soviet Soldier has been expanded

    May 3, 2025

    The section of the highway from Moscow to the Rzhev Memorial to the Soviet Soldier has been expanded

    May 3, 2025

    Previous news Next news

    The section of the highway from Moscow to the Rzhev Memorial to the Soviet Soldier has been expanded

    In anticipation of the 80th anniversary of the Victory in the Great Patriotic War, federal road workers launched traffic on sections of the federal highway M-9 “Baltia” in the Tver and Moscow regions that were widened as a result of major repairs. Now the entire route from Moscow to the Rzhev Memorial to the Soviet Soldier has four or more traffic lanes. This was reported by Deputy Prime Minister Marat Khusnullin.

    “The Rzhev Memorial is the most important symbol of the Great Victory of our country, the dedication and bravery of the soldiers of the Soviet Army. Today, this memorial is a place of universal attraction. Since 2020, it has already attracted about 5 million visitors. Of course, the route to the memorial should be as convenient, safe and comfortable as possible. To this end, we are actively working to expand the federal highway “Baltia” on the section from Moscow to the Rzhev Memorial. The total length of this route is about 212 km within the boundaries of the Tver and Moscow regions. For 101 km, this highway already had four or more traffic lanes, and the main emphasis in the major repairs was on the remaining 111 km. It is very important that on the eve of Victory Day, we are launching traffic on the entire expanded route, and on the memorial day, it will be more convenient for citizens to get to the military-patriotic complex,” said Marat Khusnullin.

    The bulk of the work was concentrated in the Tver Region, where the Rzhev Memorial is located – at the 229th km of the M-9 “Baltia” highway. The capital repair project and the program for further comprehensive development of automobile approaches to this historical complex were implemented, among other things, on the initiative of the Governor of the Tver Region Igor Rudenya, which was supported by the President of Russia Vladimir Putin.

    It is important to note that the comprehensive modernization of the M-9 “Baltia” highway will contribute to the further development of the tourism potential of both the Tver and Moscow regions.

    “The expansion of sections of the M-9 Baltiya highway is not only an important step towards increasing the transport accessibility of iconic historical sites in these regions, but also a key factor in the development of the entire Central Federal District. The Baltiya highway provides a connection between Moscow and the northwestern part of our country. Increasing the capacity of this transport artery will give impetus to many sectors of the economy, especially tourism,” emphasized Transport Minister Roman Starovoit.

    In the Tver region, the work on the major repairs of the Baltiya was carried out in the Zubtsovsky and Rzhevsky municipal districts. And in the Moscow region – within the boundaries of the Volokolamsky and Shakhovskaya urban districts.

    “Large-scale capital repair work was mainly concentrated on the section from the 118th to the 229th km, in parallel on several sections at once. Much attention was paid to the issue of increasing road safety, including by separating traffic flows. Today we are launching work traffic, and the entire range of capital repair work on the M-9 “Baltia” highway in the Moscow and Tver regions will be completed in November of this year,” said the head of the Federal Road Agency Roman Novikov.

    In the Tver Region, the main front of work fell on the section from km 158 to km 229. In particular, on the section from km 214 to km 220, the roadway was fully expanded to four traffic lanes. Culverts were installed, treatment facilities were installed, road markings were applied, and a dividing parapet fence was installed. At the moment, specialists are installing road signs. Similar work was carried out on the section from km 194 to km 204, where new markings are still being applied.

    The adjacent section, from the 180th to the 194th km, where another iconic monument symbolizing the victory of the Soviet people in the Great Patriotic War is located, was also expanded to four lanes. It is a monument to the legendary BM-13 combat vehicle, the Katyusha (187th km of the M-9 highway). It is installed in a significant place – here, on August 4, 1942, soldiers of the 118th Rifle Division, together with other units of the Soviet Army, broke through the defense of the Nazi troops. At the moment, the installation of local treatment facilities and noise protection screens, as well as the planning and strengthening of the slopes of the culverts are being completed on this section.

    On sections from 158 to 180 km and from 220 to 229 km, specialists also carried out work to increase the number of traffic lanes. At the same time, work on the construction of the roadbed, lower and upper layers of the base and layers of asphalt concrete pavement is currently being completed.

    In the Moscow Region, the road infrastructure on the Baltiya highway is also being actively modernized. During the major repairs, a section of about 40 km (from the 118th to the 158th km) was expanded from two to four lanes. Currently, road workers are completing the installation of road surfaces and applying markings. To improve safety, a metal barrier fence will be installed, which will prevent cars from driving into the oncoming lane. In addition, it is planned to install local lighting near pedestrian crossings, at junctions and intersections with local roads.

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

    MIL OSI Russia News –

  • MIL-OSI USA: Governor Newsom statement on selection of new UC President

    Source: US State of California 2

    May 2, 2025

    SACRAMENTO — Governor Gavin Newsom issued the following statement today after the University of California Board of Regents named James Milliken the new president of the University of California:

    “California’s future depends on the strength of our institutions, and few are more vital than the University of California. Chancellor Milliken brings years of experience and the steady, strategic leadership needed to expand UC’s impact across the state. I am excited to see him drive the next chapter of innovation, talent, and progress that will shape California and the country for generations to come.

    “I also want to thank Dr. Michael Drake for his leadership and vision during his tenure — he is a strong partner and his intellect, experience and commitment to our students has helped grow the next generation of California leaders. We wish him well in his retirement.”

    Governor Gavin Newsom

    James B. (“JB”) Milliken is chancellor of The University of Texas System, where he also holds the Lee Hage and Joseph D. Jamail Regents Chair in Higher Education Leadership. As chancellor, he oversaw 14 academic and health institutions, including seven medical schools and five Carnegie R1 research universities. Before joining the UT System, Milliken served as the chancellor of The City University of New York (CUNY), president of the University of Nebraska, and senior vice president of the University of North Carolina. 

    Press Releases

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    MIL OSI USA News –

  • MIL-OSI New Zealand: Economy – Rise of the machines: How could artificial intelligence impact financial stability? – Reserve Bank of NZ

    Source: Reserve Bank of New Zealand

    5 May 2025 – The rapid acceleration of artificial intelligence (AI) adoption in financial services presents both opportunities and risks to financial stability, according to the Reserve Bank of New Zealand in a special topic from the upcoming May 2025 Financial Stability Report.

    As AI tools and models become increasingly sophisticated and widely integrated across the financial services sector, they offer significant potential benefits. These include improved productivity, greater modelling accuracy, enhanced risk assessment capabilities, and strengthened cyber resilience – helping financial institutions better detect and manage threats.

    Alongside these opportunities lie potential vulnerabilities. Errors in AI systems, data privacy concerns and market distortions could amplify existing risks. The growing reliance on a small number of third-party AI providers may also contribute to market concentration, creating new channels for contagion and increasing the potential impact of cyber-attacks.

    “There is still considerable uncertainty around how AI will shape the financial system,” said Kerry Watt, Director of Financial Stability Assessment & Strategy. “While its impact could be positive, especially in enhancing resilience, it could also introduce or amplify vulnerabilities.”

    Regulated entities are expected to understand and manage AI-related risks as part of their existing obligations. The special topic notes that it is important that regulatory frameworks keep pace with technology developments to support effective risk management by industry.

    We will continue to closely monitor developments in AI technology, adoption trends, and the evolving regulatory landscape, to ensure that the financial system remains well-positioned to manage emerging risks.

    https://youtu.be/pkG81U95Pyk

    More information

    AI Special Topic (extract from Financial Stability Report, May 2025) https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=a6bc4d90d0&e=f3c68946f8
    The May Financial Stability Report (FSR) will be released on Wednesday 7 May 2025 at 9:00am.

    MIL OSI New Zealand News –

  • MIL-OSI Europe: AMENDMENTS 037-037 – REPORT on discharge in respect of the implementation of the general budget of the European Union for the financial year 2023, Section III – Commission, executive agencies and the ninth, tenth and eleventh European Development Funds – A10-0074/2025(037-037)

    Source: European Parliament

    AMENDMENTS 037-037
    REPORT
    on discharge in respect of the implementation of the general budget of the European Union for the financial year 2023, Section III – Commission, executive agencies and the ninth, tenth and eleventh European Development Funds
    (2024/2019(DEC))
    Committee on Budgetary Control
    Rapporteur: Niclas Herbst

    Source : © European Union, 2025 – EP

    MIL OSI Europe News –

  • MIL-OSI Europe: AMENDMENTS 053-062 – REPORT on discharge in respect of the implementation of the general budget of the European Union for the financial year 2023, Section III – Commission, executive agencies and the ninth, tenth and eleventh European Development Funds – A10-0074/2025(053-062)

    Source: European Parliament

    AMENDMENTS 053-062
    REPORT
    on discharge in respect of the implementation of the general budget of the European Union for the financial year 2023, Section III – Commission, executive agencies and the ninth, tenth and eleventh European Development Funds
    (2024/2019(DEC))
    Committee on Budgetary Control
    Rapporteur: Niclas Herbst

    Source : © European Union, 2025 – EP

    MIL OSI Europe News –

  • MIL-OSI Europe: AMENDMENTS 073-082 – REPORT on discharge in respect of the implementation of the general budget of the European Union for the financial year 2023, Section III – Commission, executive agencies and the ninth, tenth and eleventh European Development Funds – A10-0074/2025(073-082)

    Source: European Parliament

    AMENDMENTS 073-082
    REPORT
    on discharge in respect of the implementation of the general budget of the European Union for the financial year 2023, Section III – Commission, executive agencies and the ninth, tenth and eleventh European Development Funds
    (2024/2019(DEC))
    Committee on Budgetary Control
    Rapporteur: Niclas Herbst

    Source : © European Union, 2025 – EP

    MIL OSI Europe News –

  • MIL-OSI Europe: AMENDMENTS 001-001 – REPORT on discharge in respect of the implementation of the general budget of the European Union for the financial year 2023, Section VIII – European Ombudsman – A10-0055/2025(001-001)

    Source: European Parliament

    AMENDMENTS 001-001
    REPORT
    on discharge in respect of the implementation of the general budget of the European Union for the financial year 2023, Section VIII – European Ombudsman
    (2024/2027(DEC))
    Committee on Budgetary Control
    Rapporteur: Joachim Stanisław Brudziński

    Source : © European Union, 2025 – EP

    MIL OSI Europe News –

  • MIL-OSI Australia: ‘Silver lining’ effect for many women who separate in midlife

    Source:

    05 May 2025

    A new study challenges a common assumption that Australian women who divorce or separate in midlife are destined for a bleak future.

    While finances can be a struggle and personal happiness declines in the short term, it gradually increases within a few years, often exceeding pre-divorce levels.

    That’s one finding from a South Australian study that tracked over 1400 women who had divorced or separated, comparing them with a control group of over 2500 women who remained in long-term relationships.

    Life satisfaction was tracked over multiple decades, using data from nine waves of the Australian Longitudinal Study on Women’s Health. The findings have been published in the Journal of Happiness Studies.

    Researchers from the University of South Australia (UniSA) and the University of Adelaide said that social support, perceived control, and income satisfaction influenced how well women adjusted after their relationships dissolved.

    Lead author, UniSA clinical psychology master’s student Olivia Arcangeli, says that divorce and separation are among the most stressful experiences of adulthood, yet little is known about the impact of later-life relationship dissolution.

    “When long-term relationships end during midlife (age 45-50), people still have decades ahead of them, but also less time to re-establish themselves financially and in other ways,” Arcangeli says.

    “We found that within three to four years, divorced and separated women returned to their pre-dissolution levels of life satisfaction. This contrasts with a similar study in Germany, which showed that women still had not returned to pre-divorce levels of happiness five to six years after their relationship ended.”

    The difference between the two countries may be attributed to more lenient attitudes towards divorce in Australia, where there is far less stigma around divorce than in Germany.

    University of Adelaide psychology lecturer, Dr Anastasia Ejova, says the Australian study showed that life satisfaction levels for divorced and separated women matched those of married and partnered women approximately 13.5 years after their relationship ended, and continued growing somewhat faster, slightly exceeding the control group’s life satisfaction in the last few years of measurement.

    “This finding can be explained through the lens of post-traumatic growth, whereby individuals who experience major crises may develop increased insight and gratitude regarding their circumstances, which in turn increases their wellbeing,” Dr Ejova says. “We would ideally need to keep following the women for another few years to see whether the faster growth post-separation is sustained.”

    Women whose life satisfaction levels fell sharply in the years surrounding the relationship breakup experienced greater long-term happiness afterwards.

    The researchers say this could be linked to feelings of relief after dealing with high levels of stress and conflict during their relationship.

    Among the control group, happiness levels also rose later in the marriage, consistent with the view that many marital problems were able to be resolved over time.

    Women with strong support networks, a sense of control over their lives, and a greater ability to manage on their available income reported higher life satisfaction post separation.

    The effects of re-partnering, having children, and education were either non-significant or unexpected.

    Unlike previous research on men and women, this study did not find re-partnering to improve life satisfaction levels post-divorce for Australian women. The researchers note it is possible that the benefits of re-partnering are more likely to be seen in men.

    In addition, despite an assumption that children present significant emotional and financial challenges for divorcees, the study showed minimal differences in happiness levels post-divorce between women with and without children.

    “The findings highlight the need for targeted support services for middle-aged women going through divorce and separation,” Arcangeli says.

    “Providing access to counselling, financial advice and social support networks could help women navigate the emotional and economic challenges of separation more effectively, making a big difference to their long-term wellbeing.”

    Notes for editors

    “Does Time Heal All Wounds? Life Satisfaction Trajectories in Australian Middle-Aged Women Before and After Relationship Dissolution” is published in the Journal of Happiness Studies.
    DOI: https://doi.org/10.1007/s10902-024-00853-5

    …………………………………………………………………………………………………………………………

    Media contact: Candy Gibson M: +61 434 605 142 E: candy.gibson@unisa.edu.au

    MIL OSI News –

  • MIL-OSI New Zealand: E tū union – mischievous or misinformed? – Aged Care Association Statement

    Source: Aged Care Association

    The E tū union is either being deliberately mischievous or is seriously misinformed about how aged residential care works in New Zealand, says Aged Care Association Chief Executive Hon. Tracey Martin.
    The Post published a story last week based on a report titled Transparency and Corporate Tax Reforms to Improve the Efficiency of Aged Residential Care Funding, which has not been made public.
    “To level public accusations based on an unreleased document, one that neither the targeted provider nor the public can scrutinise, is not only duplicitous but unethical.” says Ms Martin.
    It is disappointing that E tū has chosen to spend time and money on what appears to be a flawed report, in an attempt to bully a particular provider into ceasing a change consultation process with their staff.
    Without access to the full report, the Association can only respond to the comments attributed to the report’s authors and the union. 
    The claim that aged care providers may not be using government money appropriately is either a complete misunderstanding of how aged residential care is funded or a deliberate manipulation of the facts to push an alternative agenda.
    Aged care is a complex environment, but at its core, the financial relationship is between Health New Zealand and the individual New Zealander who needs care.
    Providers meet rigorous standards to be eligible to deliver aged residential care services to New Zealanders who are funded directly by the Crown.
    The Aged Care Association had hoped for a more constructive relationship with E tū for the benefit of their members and ours, based on shared recognition that the funding model for the provision of aged care to senior New Zealanders is fundamentally broken and must be addressed with urgency.
    The time and resource spent on this report would have been better directed toward advocating for an independent, cross-party taskforce (including union representation), to design a fit-for-purpose aged care funding model that delivers greater transparency for all, including everyday taxpayers.
    Notes:
    Funding for aged residential care is allocated as follows:
    – Aged care providers are certified by government agency HealthCert as meeting criteria to deliver specific levels of care – e.g. Rest Home, Hospital, Dementia, or Psychogeriatric care.
    – Certification does not entitle providers to any guaranteed funding. It simply confirms that they meet the required standards to deliver care, such as the required staff and facilities.
    – Providers are subject to regular audits (both scheduled and unannounced) by independent auditors approved by HealthCert.
    – Many of the standards audited relate directly to staffing levels, and the sector overwhelmingly respects and adheres to the voluntary safe staffing levels agreed with Government.
    When a New Zealand senior is assessed by a NASC (Needs Assessment and Service Coordination) team as needing residential care, the Ministry of Social Development reviews their financial situation. If they qualify for support:
    – They must first contribute their own income (e.g. superannuation or assets).
    – The Government then tops up the difference between what they can afford and a capped amount that can be charged by any residential care provider for the provision of that care, with the capped amount set by the Director-General of Health.
    – The individual and their whānau choose the care provider they wish to deliver that care to them.
    – All financial agreements around the provision of care are between the government and the New Zealander needing care. None of our members receive a bulk grant from government or have a direct financial contract with government.

    MIL OSI New Zealand News –

  • MIL-OSI NGOs: Australians choose climate and nature protection over Trumpist agenda of destruction

    Source: Greenpeace Statement –

    SYDNEY, Saturday 3 May 2025 — In response to the Labor party’s victory in the 2025 Federal Election, David Ritter, CEO at Greenpeace Australia Pacific, said: 

    “Today’s election result shows that Australians have comprehensively rejected the Coalition’s Trumpist agenda of climate and nature destruction, and its plan to force dangerous nuclear on communities. 

    “The Albanese government now has a big responsibility, as well as a major opportunity to listen to Australians, and show true leadership for people and planet. It must work constructively with the crossbench to strengthen nature protection, stop climate pollution, and build a strong, green economy that supports jobs and growth.

    “Labor’s first order of business must be to end the track record that saw it deliver 30 fossil fuel approvals in its previous term of government, and fix its unrealised promise to strengthen our nature laws. 

    “An immediate opportunity for Labor to distance itself from the Coalition’s Trumpist ‘drill, baby, drill’ agenda is to reject Woodside’s proposal to extend the life of its North West Shelf gas processing facility, and carry out gas drilling and carbon dumping near the irreplaceable Scott Reef.

    “Greenpeace is also calling on Labor to ratify the Global Oceans Treaty within its first 100 days of government. Our oceans are under threat from destructive industrial fishing, the climate crisis, and the emerging threat of deep sea mining, fuelled by profit-hungry corporations. 

    “Taking urgent action to quickly transition away from fossil fuels and to protect nature is essential for Australia’s future health and prosperity. Winning this election presents Labor with an opportunity to build our renewable energy future, while placing Australian communities and nature over the profits of polluting corporations.

    “Greenpeace and our hundreds of thousands of supporters across Australia will be holding Labor accountable to deliver for climate and nature.”

    Greenpeace’s policy asks of Labor, in its first 100 days of government, are: 

    • To heed the evidence and reject Woodside’s proposal to extend the North West Shelf extension, and develop the new Browse gas field on top of Scott Reef. 
    • To ratify the Global Ocean Treaty and champion large marine protected area (MPA) sites in our region, prioritising the Tasman Sea. 
    • To support a moratorium on Deep Sea Mining
    • To lay out a plan and timeline for delivering strong nature law reforms, including a national Environment Protection Agency. 
    • To fulfill Australia’s international commitments by delivering a timeline and plan to transition away from fossil fuels, and demonstrate clear commitment to a genuine Pacific partnership in a co-hosted COP31.

    —ENDS—

    For more information or to arrange an interview, please contact Vai Shah on 0452 290 082 / [email protected] or Kate O’Callaghan on 0406 231 892 / [email protected]

    MIL OSI NGO –

  • MIL-OSI Banking: Luis de Guindos: Interview with Die Presse

    Source: European Central Bank

    Interview with Luis de Guindos, Vice-President of the ECB, conducted by Jakob Zirm on 28 April 2025

    3 May 2025

    Die Presse: Since June 2024 the ECB has already cut interest rates seven times. How long will this period of interest rate cuts last?

    Luis de Guindos: This will depend on how inflation develops. But we can be optimistic because our latest forecasts show that, from the end of this year, inflation will be very close to our target of 2%. Moreover, inflation continues to fall thanks to three additional factors. First, the euro has appreciated. Second, energy and commodity prices are declining. And third, the current economic uncertainty about tariffs could lead to greater wage moderation than that already suggested by the latest survey results. All these elements contribute to bringing inflation further down. And this is the decisive factor in whether we continue to lower interest rates.

    Where would you place the neutral interest rate, i.e. the rate which neither stimulates nor restricts economic growth? Is this a target for the ECB?

    The discussion about the neutral rate is very interesting from an academic standpoint. However, it is not very helpful for monetary policy decision-making because the neutral rate cannot be directly observed. Our decisions are based on how inflation develops, our projections and how our monetary policy is transmitted to the real economy. And, as I said, we are optimistic that we will sustainably achieve our inflation target.

    The US Federal Reserve is lowering interest rates much more slowly than the ECB. Is the large interest rate differential between the United States and the euro area a problem?

    The situation in the United States and Europe is different. You should look not only at nominal interest rates, but also at real interest rates. In the United States, inflation and inflation expectations are higher than in Europe, due to a different economic outlook. So the interest rate differential is smaller in real terms. In addition, inflation is more persistent in the United States.

    We have policy space to pursue our own monetary policy, but of course we are monitoring what is happening in the United States.

    In 2022 the euro depreciated massively after the Federal Reserve hiked interest rates half a year sooner. Is there a similar risk again now?

    Not necessarily at the moment. Despite all the uncertainties and contrary to expectations, the euro appreciated after the tariff announcements. Exchange rate developments depend on many factors. We do not have any exchange rate objective, but we monitor the exchange rate closely because it is an important macroeconomic variable in our assessment of the risks for price stability.

    It is important to moderate exchange rate volatility.

    But if the trend reverses and the dollar becomes significantly stronger again, could this fuel inflation in the euro area again?

    We are closely monitoring exchange rate developments. But there are currently no signs of a weakening of the euro. Much will depend on how the current dispute over tariffs develops.

    The average inflation rate in the euro area is currently 2.2%. However, some eastern European countries still have inflation rates of 3% or 4%. Is inflation really under control everywhere in the euro area?

    Differences in inflation developments between countries are normal, it’s the average that is crucial. Our projections show that both headline and core inflation are on track to reach our 2% target. We are paying particular attention to monitoring services inflation, which is strongly influenced by wages. Here, too, we are seeing signs of a slowdown in wage dynamics.

    Let’s talk about growth. In March the ECB predicted GDP growth of 0.9% for the euro area in 2025. Is this still realistic given the tariff debate?

    You are right – this forecast was made before the announcement of US tariffs. Uncertainty we’ve seen since then has weighed on economic activity and is likely to delay investment and consumption. Uncertainty is always bad for the economy. We already pointed to such downside risks in our March projections. The risks are now materialising.

    In Austria, we are in recession for the third year in a row now. Could the entire euro area slide into a recession?

    No, our baseline continues to expect very low but positive growth. It’s well below potential growth, but I don’t think that the euro area is heading into a recession.

    US tariffs are currently suspended. How bad would the damage be if the trade war were to escalate?

    An all-out trade war would have a very serious impact on growth. I really hope it doesn’t come to that. It is also important to take the diversion effects that can occur in trade flows into account, making the consequences difficult to predict.

    US President Donald Trump recently launched a mass attack on the Federal Reserve and its Chair Jerome Powell. What are the consequences of such an attempt to exert political pressure on the work of central banks?

    The independence of central banks is crucial. It is key to their credibility and thus to combating inflation. Even when inflation was extremely high two years ago, inflation expectations in Europe remained anchored because the central bank was considered independent and credible. This credibility is essential to keep inflation expectations under control and, in particular, to avoid wage-price spirals.

    There has been a discussion on whether the euro’s role as a reserve currency could be strengthened if confidence in the US dollar declines. Do you see that as possible?

    The dollar is clearly leading as a reserve currency. The international importance of the euro is a lot less in comparison. Its future development depends on us, however. If Europe builds stronger capital markets and establishes itself as a true single market, the role of the euro at international level could be strengthened. Closer integration and a more pro-European approach are crucial.

    What would be needed to create a true European capital markets union?

    Three central pillars would be needed. First, we need a true single market – barriers and national legislation that impede further integration must be removed. Second, we need to complete the banking union. We already have single supervision and resolution, but we still lack a common deposit guarantee scheme. Third, we need to further develop the capital markets union itself. These three elements are interconnected – progress in one area is difficult without progress in the other two.

    Many support the capital markets union but little progress has been made. Who is blocking it?

    The problem is that without a true single market for goods and services, the capital markets union is also difficult to implement. The banking union is more advanced but there is still a lot to be done. Capital flows follow the real economy, which is why we need integrated goods and services markets.

    In this situation, does it help if national governments block cross-border bank mergers – as is currently the case in Germany, where UniCredit wishes to buy Commerzbank?

    I will not comment on any specific mergers. But in general, we support cross-border mergers because they are necessary to create truly European banks and complete the banking union.

    Is there too much nationalism in the European financial system?

    Sometimes there is too much national focus. But there is a growing awareness that Europe needs to become more independent. And the only way to remain relevant on the world stage is to be more European and a little less nationally focused.

    The European Commission is now also pushing ahead with the simplification of European regulation. This also applies to the financial market of course. Where should economic activity be made easier for businesses?

    The ECB has set up its own high-level task force, which I coordinate. It’s meant to draw up proposals by the end of the year, which will be passed on to the legislator. This may involve, for example, the implementation of Basel III or reporting, which could be streamlined, or the simplification of bank capital structure, to make it clearer and more understandable for investors. However, simplification does not mean de-regulation, it should not jeopardise banks’ solvency.

    When inflation was high, many euro area countries steeply increased their debt and the ECB bought many government bonds, which amounted to some 30% of the outstanding volume in the case of some countries. Is that a problem?

    Those measures were necessary in the context of the pandemic. But now we need to increase defence spending and preserve fiscal sustainability at the same time in order to avoid rising market interest rates and thus lower private investment. That won’t be easy.

    The Austrian central bank has reported annual losses of more than €2 billion in the past two years. This was due to the purchase of low-yield government bonds. Is that the hidden price of expansionary monetary policy?

    Our monetary policy is not determined by the profit and loss accounts of the central banks. Looking back, central banks have made significant gains over the past ten years. The current loss is a consequence of the high liquidity in the market, on which central banks have to pay higher interest rates. However, this liquidity is currently being reduced at a fast pace. The situation will improve in the future.

    Are the high debt levels of euro area countries jeopardising future growth?

    When markets have doubts about debt sustainability, market interest rates rise, which can reduce private investment. That is why a credible and sustainable fiscal policy is crucial.

    MIL OSI Global Banks –

  • MIL-OSI Africa: Reform or retreat? The Catholic church in Africa after Pope Francis

    Source: The Conversation – Africa – By Stan Chu Ilo, Research Professor, World Christianity and African Studies, DePaul University

    The Catholic church faces a fundamental question as it prepares to elect a new pope. That is, whether to go back to a monarchical papacy with its pomp and pageantry, or to build on the momentum begun by Pope Francis. He focused on the poor and proffered a humble lifestyle and message of hope.

    I am a theologian who has studied the development of Catholicism in Africa, especially under the leadership of Pope Francis. In my view, the church after him will be defined by two forces, which will be at play during the process of choosing a new pope.

    First, those who embrace Pope Francis’ wide-ranging, modernising changes in the Catholic church. The reform-minded pope made it possible to advance a new church culture that respected the voice and agency of the non-ordained. He pushed for a servant leadership, and a more pastoral, missionary, and accountable exercise of authority.

    In the second camp are those Catholics who oppose the reforms introduced by Pope Francis. They see cultural evolution and social change as destroying the traditions and teachings of the church. They would like to restore the Latin Mass with its ancient church rituals and male clerical culture.

    Read more: How the next pope will be elected – what goes on at the conclave

    These camps are entrenched in their positions. The 138 cardinals (18 of whom are Africans) who will elect the new pope will voice their views at meetings held ahead of the conclave. These processes will determine who will be elected.

    The 18 African cardinal-electors will be fully aware that the divisive issues in contemporary Catholicism often neglect the concerns and needs of Africa. These concerns include a continued colonial structure, and racialised thinking and mentality that sees Africa as one country rather than a continent of diversity and pluralism.

    My hope is that the cardinals will find among their ranks someone in the mould of Pope Francis who has a far-reaching vision. Someone with the courage to continue reforming the ecclesial systems and structures to meet this moment with the gospel of love.

    Catholicism in Africa

    Pope Francis often pointed to Africa, which is seeing the highest growth in population in the Catholic church, as the continent of joy and hope. A continent where the world can see how religious faith can bring about a different attitude to human relationship, communal resilience, solidarity, and global fraternity.

    But African Catholicism has been severely affected by the polarisation in the broader church. This is particularly true on issues of marriage and family life. Other polarising issues include same-sex marriages, climate change, the place of women in leadership in a patriarchal church, and the autonomy of local African Catholic dioceses from the central authority of the Roman Catholic Church.

    The Catholic bishops of Africa need to be united in addressing these issues. In particular, there is a growing consensus that the most pressing challenge facing African Catholicism is how to wean itself from being dependent on resources from the west.

    The Catholic church in Africa – despite its exponential growth – is still treated as a “mission territory”, in need of institutional, theological, pastoral and material support from Rome. As a result, it receives financial support for its activities, and the running of schools and social agencies, from the Roman Church and other western Catholic charities.

    This dependency has affected the growth and autonomy of African Catholics and churches in setting forth and implementing priorities and projects that address the unique situation of Africa. As mission churches, African Catholic churches are “under the protection” of the Roman agency in charge of evangelisation. As a result, there are limits to what African churches can do on their own without the permission and supervision of the Roman office.

    A self-reliant Catholic church in Africa that’s free from the control of Rome would be able to stand strong in world Catholicism. A less dependent African Catholic church could be an alternative staging ground for new forms of faith that meet the spiritual hunger of today’s world. This would mean providing vibrancy of worship and a sense of community through the social and spiritual bonds that exist in African churches.

    Read more: Pope Francis: why his papacy mattered for Africa – and for the world’s poor and marginalised

    Given the changing demographics in the world church – where a majority of the 1.4 billion Catholics live outside Europe – it’s clear that Africa and the rest of the global south can no longer accept being dominated by Eurocentric Catholicism. Catholicism cannot be reduced to a single cultural or ecclesial form. It is not a western prototype that has to be replicated in Africa and the rest of the global south without regard to the social, spiritual and cultural contexts of churches in these regions.

    Viewed in this light, the future of Catholicism in Africa must be built on the agency of African cultures, religious values and traditions. Not on a rigid centralisation of power that reduces African dioceses, institutions and congregations to outposts of Rome.

    The Catholic church in Africa must take the lead in promoting human rights, good governance and the empowerment of women. It needs to reflect the values of inclusion through its leadership, structures and priorities.

    Renewed focus

    Pope Francis’ attention to the poor and the victims of history, and his commitment to global solidarity and fraternity, captured the imaginations of many. In my view, the power that the Catholic church or the next pope will wield won’t arise from the power of position or a rigid doctrinal formula. It will come from the power of non-transactional and self-effacing love through gospel non-violence. This promotes reconciliation, justice and compassion.

    Catholicism suffers when it narrows what it means to be Catholic to rituals and repetitive communal practices and devotions, without attention to people’s personal experience and encounters with God, nature and others. Or when it interprets as normative and divine revelation those traditions, laws or structures that are the product of history, culture and human attempts to meet the challenges of a bygone age.

    – Reform or retreat? The Catholic church in Africa after Pope Francis
    – https://theconversation.com/reform-or-retreat-the-catholic-church-in-africa-after-pope-francis-255452

    MIL OSI Africa –

  • MIL-OSI New Zealand: Boosting high-tech exports with advanced technology

    Source: New Zealand Government

    New investment in advanced technology research will boost high-tech exports, strengthen connections between research and industry and generate high value jobs, Science, Innovation and Technology Minister Dr Shane Reti announced today. 
    “Advanced technology research leads to life-changing innovation,” says Dr Reti. 
    “The breakthroughs that can be achieved through areas like cryogenic and quantum science are hugely significant. 
    “From developing portable MRI machines, to building smaller and faster engines, this investment will enable innovation that has the potential to improve our daily lives, while boosting economic growth in sectors like health, transport, energy and our space industry.” 
    The Government is investing $71 million over seven years into a new advanced technology science platform hosted by the Robinson Research Institute, who are based out of Victoria University of Wellington. 
    Dr Reti says this funding will not only support innovation that can be turned into economic gains but also maintain critical staff and develop young scientists into world-class innovators.
    “Through this new science platform, the Government is investing in the materials and engineering expertise needed to achieve technological breakthroughs and turn innovative ideas into real-world products and services right here in New Zealand,” says Dr Reti. 
    “This research platform aims to grow New Zealand’s hi-tech exports based on cryogenics, superconductors, magnets and processed materials.
    “Robinson Research Institute are known for world-leading expertise in superconductors, magnets and materials technologies and proven experience in commercialisation.
    “The team will develop workforce capability through internships and postgraduate study and encourage early career researchers to take their ideas beyond the laboratory. 
    “Projects from the platform will also enhance local and international research and commercial partnerships and encourage international investment into the New Zealand research and development sector.
    “I look forward to the contribution this platform will make to growing and diversifying our economy, supporting the development of world-class scientists and innovators and the creation of high-quality jobs for people in New Zealand.”  
    This investment is part of the Government’s work to drive economic growth by reforming and refocusing New Zealand’s science, innovation and technology system for the future. It is the first step in establishing the new Advanced Technology Public Research Organisation. 

    MIL OSI New Zealand News –

  • MIL-OSI Australia: Mandatory information standard for toppling furniture to reduce accidents and deaths

    Source: Australian Ministers for Regional Development

    Furniture suppliers are now required to provide safety warnings to consumers about the dangers of toppling furniture after the mandatory information standard for toppling furniture came into effect on 4 May 2025.

    Since the year 2000 at least 28 people, including 17 children under five, have died in Australia from toppling furniture and televisions.

    Each year more than 900 Australians suffer injuries requiring medical assistance from toppling furniture. Children aged up to four years are most at risk, with older Australians also vulnerable.

    “A mandatory information standard is a critical step towards reducing the injuries and deaths involving toppling furniture,” ACCC Deputy Chair Catriona Lowe said.

    “The impact of furniture tip-over can be tragic, with young children and the elderly most at risk. The information standard raises awareness about the risk of furniture tip-over and empowers consumers with the knowledge they need to safeguard their homes.”

    The new information standard applies to chests of drawers, wardrobes, bookcases, hall tables, display cabinets, buffets and sideboards with a height of 686mm or more, and entertainment units of any height.

    If not properly secured, tall or unstable furniture can topple over when young children attempt to climb on them or pull themselves up. Elderly people with reduced strength or mobility are also at greater risk because they are more likely to rely on furniture for support and are more likely to suffer severe injury if furniture tips over.

    The information standard requires suppliers to:

    • provide warnings about the hazards of toppling furniture in stores and online
    • include safety information and advice about anchoring furniture in manuals and assembly instructions.

    “Suppliers must meet these requirements, and the ACCC will be working with state-based consumer agencies to monitor compliance and take enforcement action if appropriate,” Ms Lowe said.

    “Suppliers face serious penalties for non-compliance, with penalties up to $50 million for businesses and $2.5 million for individuals.”

    Following a recommendation by the ACCC, the toppling furniture information standard was made by the Assistant Treasurer on 13 April 2024 and registered on 3 May 2024. Suppliers have had a 12-month transition period to implement the new information and labelling requirements.

    Consumer advice

    When you’re out shopping, use these tips to help you pick safer furniture:

    • Look for required warning labels displayed in store, online and on the furniture.
    • Examine the furniture to make sure it is stable.
    • Pull out any top drawers of a chest of drawers or open doors on other furniture items and apply a little pressure to see how stable the furniture is.
    • Look for low-set furniture, or furniture with a sturdy, stable and broad base. It’s less likely to tip over.

    The best way to prevent furniture from tipping over is to secure it to the wall or floor with an anchoring device.   

    What you’ll need depends on what your wall or floor is made of, and what kind of furniture you’re working with. There are different kinds of wall and floor anchors available.

    If your furniture doesn’t come with anchoring hardware, you can ask about anchors and buy what you need from a furniture retailer, hardware store or a specialty retailer selling baby and toddler products.

    As well as securing your furniture and TVs, here are some things you can do to use furniture safely:

    • Place furniture on a flat and stable surface.
    • Keep your heaviest items at the bottom of your drawers or shelves. Furniture that is top-heavy is easier to tip over.
    • Don’t place heavy items such as TVs or items that are attractive to children on top of furniture.
    • Put locking devices on all drawers. They help prevent children from opening them and using them as steps.

    Information for suppliers

    From 4 May 2025, furniture suppliers must comply with the requirements of the mandatory information standard. The ACCC published supplier guidance to assist suppliers in complying with the mandatory standard.

    Supplying a product that fails to comply with the information standard is a contravention of the Australian Consumer Law and may expose a business or individual to potential enforcement action by the ACCC.

    The maximum financial penalties for businesses are the greatest of:

    • $50,000,000;
    • three times the value of the “reasonably attributable” benefit obtained from the conduct, if the court can determine this; or
    • if a court cannot determine the benefit, 30 per cent of adjusted turnover during the breach period.
    • The maximum financial penalty for individuals is $2,500,000.

    MIL OSI News –

  • MIL-OSI Asia-Pac: WAVES 2025: A People’s Movement that Empowers Every Creator to be a Star

    Source: Government of India

    WAVES 2025: A People’s Movement that Empowers Every Creator to be a Star

    WAVES Bazaar a resounding success; records business transactions worth more than Rs. 1328 crores with 3000+ B2B Meetings in 3 days; Govt of Maharashtra signs MoUs worth Rs 8000 crores in M&E Sector

    Member Nations adopt WAVES Declaration at Global Media Dialogue

    Investment worth Rs 50 crores in pipeline as part of WAVEX Startup Accelerator

    Indian Institute of Creative Technology (IICT) poised to be a milestone in capacity building for Creative Economy

    Create in India Challenge promises to foster Creative Economy in India

    Knowledge Reports unveiled at WAVES project India’s giant leaps in Creative Economy

    Posted On: 04 MAY 2025 7:48PM by PIB Mumbai

    Mumbai, 4 May 2025

     

    The premier edition of World Audio Visual and Entertainment Summit (WAVES 2025) concluded on a high note today in Mumbai, registering an overwhelming response from exhibitors, industry leaders, startups, policymakers, academia, and the general public. The summit emerged as a key convergence point for the media and entertainment ecosystem, drawing participation from every segment of the industry — from celebrated artists and influential content creators to tech innovators and corporate leaders. With a vibrant mix of exhibitions, panel discussions, and B2B collaborations, the event witnessed a remarkable turnout and reaffirmed India’s position as a rising global Powerhouse of media and entertainment.

    The celebration of creativity, technology, and storytelling began with the inauguration of its maiden edition by Prime Minister Shri Narendra Modi in a star-studded event held in Jio World Convention Centre. In his inaugural address, Prime Minister Modi remarked that WAVES is not just an acronym, it is a wave of culture, creativity and universal connectivity. The Prime Minister said that India is emerging as a global hub for film production, digital content, gaming, fashion, music and live concerts. He called upon the creators of the world to dream big and tell their stories; to the investors to invest not just in platforms, but in people; and to the Indian youth – to tell their one billion untold stories to the world. Declaring WAVES as the dawn of India’s Orange Economy, he urged the youth to lead this creative surge and make India a global creative hub.

    High-impact Knowledge Sessions

    Taking forward the vision of the Prime Minister, WAVES 2025, over the last four days, acted as a platform for high-level exchange of ideas, skills, and sectoral insights. The Conference Track of WAVES 2025 served as a vital forum for dialogue and collaboration, bringing together thought leaders, industry pioneers, policymakers, and professionals from across the globe. Through a carefully curated series of plenary sessions, breakout discussions, and master classes, the summit explored the latest innovations and emerging strategies shaping the future of the Media & Entertainment industry. The sessions enabled meaningful exchange of ideas, cutting across domains and specialisations.

    The maiden edition of WAVES will be known for the high impact knowledge sessions and the discourse covering a broad spectrum of topics, including Broadcasting and Infotainment, AVGC-XR, Digital Media, and Films. With more than 140 sessions featuring more than 100 international speakers, spread across three main halls (each accommodating over 1,000 participants) and five additional halls with capacities ranging from 75 to 150, the Summit maintained overwhelming attendance levels — with many sessions recording full occupancy.

    The plenary Sessions featured over 50 keynote addresses by eminent personalities such as Mukesh Ambani, Ted Sarandos, Kiran Mazumdar-Shaw, Neal Mohan, Shantanu Narayen, Mark Read, Adam Mosseri, and Nita Ambani. Their insights offered compelling perspectives on the evolving entertainment industry, advertising landscape, and digital transformation. Film icons including Chiranjeevi, Mohanlal, Hema Malini, Akshay Kumar, Nagarjuna, Shah Rukh Khan, Deepika Padukone, Allu Arjun, and Shekhar Kapur, many of whom were also members of the WAVES Advisory Board, engaged in thought-provoking conversations on the future of cinema and content creation in the age of virtual production and artificial intelligence.

    The 40 masterclasses at WAVES 2025 were designed to offer practical learning and creative exploration. Participants gained direct exposure to industry techniques through sessions such as The Art of Acting by Aamir Khan, Craft of Direction by Farhan Akhtar, and Insights into Filmmaking by Michael Lehmann. Other sessions explored behind-the-scenes narratives like the making of Panchayat by Amazon Prime, designing AR lenses, creating AI avatars, and developing games using generative AI. These sessions provided professionals and aspiring creators with actionable knowledge and tools to stay ahead in a rapidly evolving creative economy.

    WAVES also featured 55 breakout sessions, which provided a platform for in-depth discussions on specialised themes such as broadcasting, digital media, OTT, AI, Music, News, Live events, Animation, Gaming, Virtual production, Comics, and Filmmaking. These interactive sessions brought together senior professionals from leading companies including Meta, Google, Amazon, X, Snap, Spotify, DNEG, Netflix, and NVIDIA, along with representatives from industry bodies such as FICCI, CII, and IMI. Designed to encourage sector-specific insights and collaboration, the discussions addressed critical challenges and charted new directions for growth and innovation.

    WAVES Bazaar garners Rs 1328 crores in Business Deals; Govt of Maharashtra signs MoUs worth Rs 8000 crores in M&E Sector

    The inaugural edition of WAVES Bazaar, organized under the umbrella of WAVES, was a resounding success as it has established itself as a premier platform for international business collaboration in the creative industries. The marketplace recorded business deals or transactions worth Rs. 1328 crores across the film, music, radio, VFX, and animation sectors. Out of the total estimated outcome, Rs. 971 cr has been from B2B meetings alone. A key highlight of the Bazaar was the Buyer-Seller Market which witnessed over 3,000 B2B meetings. In a major achievement under international collaboration, Film India Screen Collective and Screen Canterbury NZ from New Zealand announced a collaborative proposal to launch the first-ever Indian Film Festival in New Zealand. Only Much Louder CEO Tushar Kumar and Alexander Zharov, CEO of Russian firm Gazprom Media CEO announcing early talks on a MoU to collaborate on cross-cultural festivals and co-produce comedy and music shows in Russia and India was another achievement. The announcement of the Prime Video & CJ ENM Multi-Year Collaboration was another highlight of the Bazaar as the strategic partnership was unveiled to distribute premium Korean content globally. The other milestones include the announcement of the film ‘Devi Chowdhurani,’ which became the India’s first official Indo-UK co-production, and the film ‘Violated’ which will be a co-production of Fusion Flicks from the UK and JVD Films.

    The Maharashtra government has also added business value to the summit by signing MoUs worth ₹8,000 crore at the WAVES. While MoUs worth ₹1,500 crore were signed each with the University of York and the University of Western Australia, the state’s Industries Department signed MoUs worth ₹3,000 cr and ₹2,000 cr with Prime Focus and Godrej respectively.

    Member Nations adopt ‘WAVES Declaration’ at the Global Media Dialogue 2025

    The Global Media Dialogue 2025, held during the World Audio Visual and Entertainment Summit (WAVES 2025) in Mumbai, was a landmark event with participation from 77 nations, underscoring India’s pivotal role in the global media and entertainment arena. The dialogue highlighted the power of international collaborations in fostering creativity while respecting cultural sensitivities. The member nations collectively adopted the ‘WAVES Declaration’, emphasizing the urgency of bridging the digital divide and leveraging media to promote global peace and harmony. The discussions underscored the profound role of films in uniting diverse cultures and the growing significance of individual stories in the creator economy, amplified by technological advancements.

    Dr. S. Jaishankar, Union External Affairs Minister, stressed the need for a synergy between technology and tradition, advocating for the empowerment of youth through skill development and innovation. Shri Ashwini Vaishnaw, Union Minister for Information & Broadcasting, highlighted the transformative impact of technology on content creation and the critical importance of fostering local content, co-production agreements, and joint funding initiatives. India’s “Create in India” challenges, which successfully identified over 700 global creators, were showcased, with plans to expand them to 25 languages in the next edition. This summit laid a robust foundation for future global cooperation in media and entertainment, emphasizing creative excellence and ethical content production.

    WAVEX: An Accelerator for Aspiring Start-ups in M&E Sector

    WAVES Start-Up Accelerator selected 30 M&E Start-Ups to pitch their unique ideas directly to a battery of heavy-weight investors like Lumikai, Jio, CABIL, WarmUp Ventures – among the 45 key angel investors on board. With over 1000 registrations, the initiative germinated investment discussions worth Rs. 50 crore that are in pipeline. Apart from this, over 100 Start-Ups exhibited their ideas and products to potential investors in the dedicated Start-Up pavilion. WAVEX as an initiative aims to create a palpable investment ecosystem for start-ups to thrive and grow by forming an angel investor network specifically focussed on the Media and Entertainment sector. Start-Ups from Tier 1 and Tier 2 shined at WAVEX and their founders took centre-stage. To facilitate such creators better, WAVEX will set up a network of incubators with dedicated mentors for handholding and investors for seed investment. WAVEX is unique as it facilitates ideas that do not have a tangible product yet, but have a solid potential.

    Key Knowledge Reports Released at WAVES 2025

    Dr. L. Murugan, Union Minister of State for Information & Broadcasting and Parliamentary Affairs, unveiled five pivotal reports at the WAVES Summit 2025 in Mumbai. These reports provide a comprehensive overview of India’s thriving media and entertainment ecosystem, covering key aspects like content production, policy frameworks, and live events.

    • Statistical Handbook on Media & Entertainment 2024-25:The Statistical Handbook, prepared by the Ministry of Information & Broadcasting, offers valuable data-driven insights into India’s media landscape. It highlights growth trends in broadcasting, digital media, film certifications, and public media services, providing essential information for future policymaking and industry strategies based on empirical evidence.
    • ‘From Content to Commerce’ by BCG:  Boston Consulting Group’s Report highlights the explosive growth of India’s creator economy, estimating 2 to 2.5 million active digital creators. These creators influence over $350 billion in annual spending, with projections to surpass $1 trillion by 2030. It emphasizes building long-term, authentic partnerships over transactional engagements with creators.
    • ‘A Studio Called India’ by Ernst & Young: Ernst & Young’s Report envisions India as a global content hub, leveraging its linguistic diversity, rich culture, and technological expertise. It highlights India’s 40%-60% cost advantage in animation and VFX services and growing international demand for Indian OTT content, strengthening India’s role in global cultural diplomacy.
    • Legal Currents and Live Events Industry Reports: Khaitan & Co.’s Legal Handbook covers vital issues such as influencer marketing and compliance norms, helping media stakeholders navigate India’s regulatory landscape. Additionally, the White paper on India’s live events industry outlines the sector’s 15% growth rate, advocating for upgraded infrastructure and streamlined licensing processes to support the booming sector.

    Indian Institute of Creative Technology: A National Centre of Excellence

    Indian Institute of Creative Technology (IICT)— a National Centre of Excellence being set up in Mumbai is poised to be a milestone in capacity building for Creative Economy. Dedicated exclusively to the AVGC-XR sector, the establishment of the Institute was formalized on Day-3 of WAVES 2025. WAVES also witnessed the signing of strategic MoUs with Industry Associations to transform IICT as a world-class institution in the M&E Sector. Union Minister Shri Ashwini Vaishnaw, who ceremonially flagged off these strategic associations, emphasized India’s potential to become a global leader in media and entertainment, stating that IICT is on track to evolve into a premier institution in its field, much like how IITs and IIMs have become benchmarks in technology and management education. Some companies who have extended their hands for long-term collaborations are JioStar, Adobe, Google & YouTube, Meta, Wacom, Microsoft and NVIDIA.

    Create in India Challenge & CreatoSphere: A Global Celebration of Creative Talent

    One of the standout highlights of WAVES 2025 was the grand culmination of the Create in India Challenge (CIC) Season 1, which drew nearly one lakh registrations from over 60 countries. Launched as a flagship initiative under WAVES, CIC brought together creators across age, geography, and disciplines, spanning animation, XR, gaming, AI, filmmaking, digital music, and more. The initiative has transformed every creator who participated to be a star.

    From 32 imaginative and future-forward challenges emerged 750+ finalists, including 1100+ international participants. These talented individuals showcased their work at Creatosphere, a dedicated innovation zone at WAVES, where they presented their projects, could network with industry leaders for potential associations.

    Beyond just a competition, the Create in India Challenge evolved into a movement celebrating diversity, youth energy, and storytelling rooted in both tradition and technology. With finalists ranging from 12 to 66 years of age, and strong participation from all Indian states and UTs, the initiative embodied inclusivity and aspiration. The Creatosphere was also a launchpad for themes like grassroots innovation, drone storytelling, and future-ready content offering a glimpse into the creative India of tomorrow. As Union Minister Ashwini Vaishnaw aptly said during the award ceremony of CIC, “The journey has just begun.” And with initiatives like the Indian Institute of Creative Technology on the horizon, the momentum is only growing stronger.

    8th National Community Radio Sammelan and National Awards for CRs

    Organized as part of the WAVES, the 8th National Community Radio Conference in which Union Minister of State Dr. L. Murugan honored 12 outstanding community radio stations with National Community Radio Awards at the event. Dr L. Murugan congratulated the winners and said that the national conference is aimed to strengthen the community media landscape in India through innovation, inclusiveness, and impact. The conference brought together representatives from more than 400 Community Radio (CR) Stations across the country on one platform to provide an opportunity for dialogue and collaboration. At present, there are 531 CR Stations across the country.

    Bharat Pavilion – India’s Journey from Kala to Code

    The Bharat Pavilion, an immersive viewing zone that took visitors through the continuum of India’s storytelling traditions at WAVES 2025, has received an overwhelming reception and response from the public. The Pavilion, under the theme “From Kala to Code”, offered a compelling narrative of India’s evolution in media and entertainment—from oral and visual traditions to cutting-edge digital innovations.

    The Pavillion presented the soul of India, balancing our rich cultural heritage with the new waves of technical advancements that are already underway. On the inaugural day of WAVES 2025, Prime Minister Shri Narendra Modi visited the Pavilion. Chief Minister of Maharashtra, Shri Devendra Fadnavis, External Affairs Minister Shri S. Jaishankar, Union Minister Shri Ashwini Vaishnaw and many other dignitaries visited the pavilion and appreciated its role in telling the story of Bharat. The pavilion also garnered huge footfall, leaving people in awe and wonder on discovering the many treasures of our nation.

    Celebrating India’s creative journey, the Bharat Pavilion was not just an exhibition of content but a powerful expression of India as a creator. It projected India’s cultural depth, artistic excellence, and emerging dominance in global storytelling.

    WAVES concludes with the promise of bright future for Creative Economy

    WAVES 2025 has set a benchmark as a global platform that seamlessly brought together creativity, commerce, and collaboration. From visionary policy announcements and landmark international agreements to robust business deals and groundbreaking startup investments, the summit underscored India’s growing stature as a global leader in the creative economy. The adoption of the WAVES Declaration by 77 participating nations and the success of the WAVES Bazaar and WAVEX Accelerator collectively signal a future anchored in innovation, inclusivity, and international partnerships. As the curtains fall on this historic first edition, WAVES has not only showcased India’s creative prowess but has also catalysed a sustained global movement — one that will continue to inspire, invest in, and elevate the voices of creators worldwide.

     

    For official updates on realtime, please follow us: 

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    https://x.com/WAVESummitIndia

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Text of the Vice-President’s address at the inauguration ceremony of BRONCOCON 2025 in New Delhi (Exceprts)

    Source: Government of India

    Posted On: 04 MAY 2025 5:16PM by PIB Delhi

    Good evening, all of you.

    Distinguished audience, this conference, BRONCOCON 2025, has come not a day too soon because it addresses issues that are writing on the wall. Issues of huge contemporaneous relevance. It gives me immense pleasure. I take it as an absolute honour to inaugurate the 27th Annual Conference of the Indian Association for Bronchology. The Institute is known for its hallmark excellence in respiratory medicine and innovation.

    I’m sure the deliberations will be extremely fruitful. There will be ideation, exchange of ideas and interaction amongst people who are dealing with this menace to humanity that is ballooning by the day. BRONCOCON, according to me, is bound to be a crucible of ideas, redefining the future of pulmonary care in India and beyond, and this is gaining urgency, this is gaining paramountcy, this is gaining absolute attention. 

    With over hundreds of brilliant minds dedicated to respiratory care, I’m reminded that each breath, that fundamental act of living that defines that we are living, is what your profession protects. You are protecting our lives. Your theme, very well thought out. Beyond the scope, evolving frontiers in pulmonary procedures. This demonstrates remarkable foresight because the issues are known to one and all.

    Everyone is concerned and we live in a city where this dominates our mindset for months together. We know the evil consequences of this issue not being addressed. It is cancerous for society. Much beyond COVID, if we analyse the loss for our children, for our elderly citizens and for our youth, apart from those far before me.

    The future of pulmonary care lies at the intersections of medicine, technology, environmental science, public policy and community engagement. All are vital to address this problem. Gone are the days when either education or solutions could be by stand-alone institutions. There has to be concerted effort. There has to be convergence of all stakeholders. They have to be on the same page to find resolution of a problem which is diagnosed by everyone in a city like Delhi and beyond.  Pulmonologists and bronchologists have been silent sentinels of public health, moving to the frontline during, and who knows better than me, as Governor of the State of West Bengal. COVID-19, what a challenge it was.

    I salute your tireless efforts across clinics, ICUs, labs, classrooms and policy-making arenas. When the challenge was so huge, humanity in a non-discriminatory fashion came to face this menace, home to one-sixth of humanity in the land of Atharva Ved, showed the way. We could easily find light at the end of a tunnel and also show light to about hundred other countries that are ever beholden to us. Indian pulmonology has transformed through growing clinical expertise, public awareness and technological adoption.

    India, distinguished audience is a land which is witnessing at the moment accessibility to technology, adaptability to technology and technology delivering for the people at large, but in this field also much has to be negotiated. As I just indicated a while ago, our ancient texts, particularly Atharva Ved and envisions, health as a perfect balance of body, mind and spirit. It recognises breath as ‘pran’. If it goes, ‘pran’ doesn’t exist in us.

    The vital life force connecting individual wellness with environmental harmony. The importance of health can be visualised. A talented person, a person with passion, mission, ability for execution, for public causes, can be severely handicapped on account of health not being in order.

    So such a well-meaning person whose commitment is not in doubt, passion is on the right path, mission is for people at large, execution ability is recognised, he himself becomes a person in need and therefore health is all-important. Our traditional wisdom teaches that respiratory health is inseparable from nature’s equilibrium, reckless exploitation of nature. We are its trustees and we have become its owners and we are exploiting not for optimal need but for our greed.

    A time for all of us to think. Our physical prowess, our financial power cannot determine how we use these resources which are meant not only for individual serving having means but have to be utilised equitably for one and all. It is time for us to go back to our wisdom and knowledge that is our treasure recognised by the globe. We have to see indigenous practices of seasonal living. Our elderly people always say to use vegetables which are being grown around the same time. Use fruits which are there around the same time.

    Forest conservation and dietary wisdom align remarkably with modern preventive medicine. We therefore have to go back to our roots. No time is better than this because the might of Bharat is being realised, reckoned and recognised by the global powers, by the global fraternity. And it is in this context I remind the distinguished audience the time-tested science of ‘Yoga and Pranayama’. These offer profound solutions but imagine the Indian Prime Minister takes this vision to the global community, makes an appeal to the United Nations. The shortest time the largest number of nations converge to support it and we are now celebrating International Yoga Day.

    The population on the planet is uniformly benefiting thereby. Then we have techniques like Anulom Vilom, Bhastrika, Kapalbhati and when I see these being demonstrated on television. I find many people instantly want to take to these, but I will appeal particularly to our youth, impressionable minds to learn it once for all. If you learn the technique once your approach will be stable, sustained, not tentative. These afford not solutions but are recipes for longevity. They enhance immunity, they generate us stress-free, our vitality goes up, the quotient of happiness is enhanced. This will obviously lead to higher productivity.

    Modern research has validated that our ancient practices are scientific. Our ancient practices are extremely potent. They afford precautionary, preventive solutions. The integration of traditional wisdom into modern scientific research is the need of the time and I am sure those dealing with contemporary medicine research will address this issue. The surge in interventional pulmonology enables targeted life enhancing interventions. Deploying these at district level health care centres could accelerate our national tuberculosis elimination programme. If metros are fully equipped that is not a solution. We have to reach out up to district level, both in terms of availability and affordability. While lung cancer remains a leading cause of cancer mortality, early detection technologies not only offer hope but confidence that the problem can be addressed.

    We must expand from the practice of medicine to the reach of medicine ensuring, as I said earlier, affordability and accessibility. Fortunately the government by affirmative policies has done much in this direction but it is the health and mindset of people of a nation that define the nation and health defines the mindset. If we believe and want everyone to believe that our mindset must be nationalistic, we must always keep nation first. No interest whatsoever personal, partisan or fiscal can have overriding impact or national interest but then that requires the first aspect.

    Consider the lived realities and now I seek your attention. Look at the plight of children who are close to industrial areas. Look at those tender souls. The elderly exposed to biomass smoke. The farmer faces parali or crop burning issues. The factory worker inhales chemicals, dust. Invisible citizens whose lives are shaped by the air we breathe.

    I still recall a person in another country handling the health department in another country saying a sick child is an assurance to the doctors for their work and pharmaceutical companies for survival. We don’t want that scenario. It will be too much for us to go for air purifiers. Selective solutions in democracy do not reflect well on democracy. Solutions have to be for one and all because equality is the hallmark of democracy and we have equality when iniquitous situations are contained in a systemic manner.

    As indicated in one report just a year ago in February 2024, respiratory diseases continue India’s largest disease category and account for one-sixth of our population. Just imagine what a staggering figure it is. Asthma arises among children. COPD robs adults of productivity. Tuberculosis persists and tuberculosis is a situation that affects the entire family. Fortunately now the treatment is there. There was a time when there was no treatment. So what is more fundamental is diagnosis. Early diagnosis your treatments emanate easily. The psychological toll, just imagine someone suffering from TB, someone suffering from cancer, the psychological toll not on the only patient but on the family’s huge.

    Fortunately now there is hand-holding for the physical part of it but then also much needs to be done. Then there is stigmatisation. Rather than hand-holding we keep to distance ourselves out of ignorance. Environmental factors include and who doesn’t know it, air pollution.

    Just reflect today. Air pollution index in this city, you’ll be amazed.  When you look at the desirable index and we’re getting away from it. But what is concerning is we are not serious about it. Like climate change, existential challenges, we don’t have another planet to live, but everyone thinks it is anybody else’s job. The job is of one and all. We are cliff hanging. We need to be awake. Then apart from air pollution, vehicular emissions. We don’t pool our resources. We would like to show our wealth by having as many cars as we can have. We have to find a systemic solution. Thankfully our public transport system is being strengthened. We are falling back on alternative automobile culture, but let’s do it while there is time.

    Human behaviour, what we use, our level of nutrition and suddenly a new term has emerged in last few decades. Lifestyle disease is something which is correctionable at the level of an individual, at the level of the family, at the level of the society. The problems are compounded because they get in a stream making life of individuals difficult. But I am not in despair. I am full of hope, optimism and confidence. That when there is convergence of mind like yours, the mind that will ideate, the mind that will engage in research.

    Let me caution you, research has to be authentic, research must be connected with ground results. Research is not meant for oneself or self, research is not to be for the self. Research is not assimilation. Research has to be real research that not only the nation but countries beyond us can take benefit of it.

    Fortunately in our country there is a revolution of green energy, redotting our rural landscape massively but we need to do more on this. We need accelerated phasing out of old vehicles. People have to understand that an old vehicle has to be discarded for reasons that concern our health. Merely because an old vehicle is functional on the road, does not reflect on its road worthiness, that has to be done.

    I said public transportation. We must take pride in using public transportation. Our ego should not come in between. In many countries this is done and here also the safest, fastest, surest way to reach an airport is through a metro. But that is something we need to make a habit of.

    Look at our urban lungs – water bodies, forests and tree cover. In our Vedic culture we reward them, we worship them. Now we are using it for our own gain. We are destroying our respiratory system that nature has given to us. People go for indoor plants, air purifiers out of necessity. Not recognising that this is indicative of a deep malice that is permeating in the society. Your miniscule solution is temporary for you. You have to find a systemic solution. Systemic solution is one that improves the world.

    I deeply appreciate the medical community in our country. Your role transcends healing, encompassing innovation, advocacy, education and inspiration. When we faced pandemic, this was demonstrated. People came with their own ideas and they were safe from Covid.

    I therefore appeal to all of you that we must bridge medicine with data science, environmental studies, engineering and artificial intelligence. Artificial intelligence or let us put it in a broad term, disruptive technologies, these have entered our home, our way of life, our workplace, our research centres.

    Disruptive technologies are much beyond the impact of industrial revolutions but the challenges have to be converted into opportunities. According to me, distinguished audience, it is a myth that this technology, when employed, will cut into human resource employability – No. You have to tame the technology, you have to use it for our advantage, and I’m sure you’ll work it out. You are working for a robust environment for us all. Your deliberations are bound to be absolutely wholesome for all of us.

    Let us resolve on this day to build a future where every citizen breathes easily, breathes clean air, lives longer, and dreams bigger. Health is the first factor that deprives happiness. May your deliberations be fruitful and transformative.

    ‘सर्वे भवन्तु सुखिनः सर्वे सन्तु निरामयाः’ is something we have got from our scriptures to be practised.

    I am grateful for the Vice-President here, who is also chairman of BRONCOCON 2025, Dr. Vivek Nangia, also Dr. R.P. Meena, the president, and the secretary, Dr. Amita Nene, for affording me this opportunity to interact with brilliant minds, minds that have passion without personal interest, a mission that is not selective, and execution that is uniform, that is helping one and all — ‘Vasudhaiva Kutumbakam.’

    Thank you.

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  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi addresses the inaugural ceremony of 7th Khelo India Youth Games

    Source: Government of India

    Prime Minister Shri Narendra Modi addresses the inaugural ceremony of 7th Khelo India Youth Games

    Best wishes to the athletes participating in the Khelo India Youth Games being held in Bihar, May this platform bring out your best and promote true sporting excellence: PM

    Today India is making efforts to bring Olympics in our country in the year 2036: PM

    The government is focusing on modernizing the sports infrastructure in the country: PM

    The sports budget has been increased more than three times in the last decade, this year the sports budget is about Rs 4,000 crores: PM

    We have made sports a part of mainstream education in the new National Education Policy with the aim of producing good sportspersons as well as excellent sports professionals in the country: PM

    Posted On: 04 MAY 2025 8:02PM by PIB Delhi

    The Prime Minister Shri Narendra Modi addressed the inaugural ceremony of 7th Khelo India Youth Games via videoconferencing today. Addressing the athletes, coaches, and staff members present at the event, he remarked that players from across the country had gathered, showcasing exceptional talent and determination. He highlighted their dedication and hard work, acknowledging their contribution to the sporting spirit of the nation. Emphasizing the remarkable skills and commitment of the athletes, the Prime Minister affirmed that their passion for sports and continuous pursuit of excellence bring pride to the nation. He extended his best wishes to them for their future endeavors.

    Highlighting the extensive competitions to be held across multiple cities in Bihar during the Khelo India Youth Games, including Patna, Rajgir, Gaya, Bhagalpur, and Begusarai, Shri Modi noted that in the coming days, over six thousand young athletes would participate, carrying their dreams and aspirations with them. He extended his best wishes to all the players, emphasizing that sports in India is now evolving into a distinct cultural identity. “As India’s sporting culture grows, so will the country’s soft power on the global stage”, said Shri Modi, underscoring the significance of the Khelo India Youth Games in providing a major platform for the nation’s youth.

    Underscoring the importance of continuous improvement for athletes, emphasizing the necessity of playing more matches and participating in more competitions to refine their skills, the Prime Minister reiterated that their government has always given top priority to this aspect in its policies. He highlighted that various sporting events under Khelo India—University Games, Youth Games, Winter Games, and Para Games—are held throughout the year at multiple levels nationwide. These consistent competitions, he remarked, boost athletes’ confidence and bring their talent to the forefront. Citing an example from cricket, the Prime Minister lauded Bihar’s own Vaibhav Suryavanshi for his outstanding performance in the IPL at such a young age. He emphasized that while Vaibhav’s hard work was crucial, the exposure to multiple competitions also played a key role in shaping his talent. The Prime Minister asserted that the more an athlete plays, the more they thrive. He remarked that the Khelo India Youth Games provide young athletes with an opportunity to understand the nuances of national-level sports and gain valuable experience.

    Stressing that hosting the Olympics in India has been a long-cherished dream of every citizen, Shri Modi underlined India’s efforts to bring the Olympics to the country in 2036, reaffirming the nation’s commitment to strengthening its presence in international sports. He underscored the government’s focus on identifying sporting talent at the school level and providing them with structured training. He remarked that initiatives like Khelo India and the Target Olympic Podium (TOP) scheme have contributed to building a robust sports ecosystem, benefiting thousands of athletes across Bihar and the rest of the country. He stressed the importance of giving athletes opportunities to explore diverse sports. He noted that Khelo India Youth Games has incorporated traditional and indigenous games like Gatka, Kalaripayattu, Kho-Kho, Mallakhamb, and even Yogasana to promote India’s rich sporting heritage. Shri Modi also acknowledged the growing presence of Indian athletes in new and emerging sports. He highlighted recent commendable performances in disciplines such as Wushu, Sepak Takraw, Pencak Silat, Lawn Bowls, and Roller Skating. He recalled the historic moment when India’s women’s team secured a medal in Lawn Bowls at the 2022 Commonwealth Games, bringing global recognition to the sport in India.

    The Prime Minister highlighted the government’s focus on modernizing India’s sports infrastructure, noting that in the past decade, the sports budget has increased more than threefold, reaching approximately ₹4,000 crore this year, with a significant portion allocated to infrastructure development. He remarked that over 1,000 Khelo India Centers are operational across the country, including more than three dozen in Bihar. He emphasized that Bihar is benefiting from the Union and State governments, with the state government expanding several initiatives at its level. The Prime Minister acknowledged the establishment of the Khelo India State Centre of Excellence in Rajgir and institutions like Bihar Sports University and the State Sports Academy. He highlighted the ongoing construction of a Sports City along the Patna-Gaya Highway and the development of sports facilities in Bihar’s villages. He affirmed that the Khelo India Youth Games will further strengthen Bihar’s presence on the national sports map.

    “The world of sports and its associated economy extend far beyond the playing field, sports are creating new avenues for employment and entrepreneurship for young individuals”, said Shri Modi. He noted various emerging fields such as physiotherapy, data analytics, sports technology, broadcasting, e-sports, and management, which offer diverse career opportunities. He remarked that young professionals could explore roles as coaches, fitness trainers, recruitment agents, event managers, sports lawyers, and media experts. “Today, a stadium is no longer just a venue for matches but has become a source of thousands of jobs”, stated Shri Modi, underlining the growing possibilities in sports entrepreneurship, with initiatives like the establishment of National Sports Universities and the integration of sports into mainstream education through the new National Education Policy. Shri Modi stressed the importance of sportsmanship in every aspect of life, highlighting how sports instill teamwork, collaboration, and perseverance. Encouraging the athletes, he urged them to perform at their best and represent the spirit of ‘Ek Bharat, Shreshtha Bharat’ as brand ambassadors. He expressed confidence that the athletes would carry fond memories from Bihar. He also encouraged those visiting from outside the state to savor the taste of Litti Chokha and Bihar’s famous Makhana.

    Expressing hope that the Khelo India Youth Games would elevate both the spirit of sportsmanship and patriotism among the participants, the Prime Minister officially announced the commencement of the seventh edition of the Khelo India Youth Games.

    The Chief Minister of Bihar, Shri Nitish Kumar, Union Ministers Shri Mansukh Mandaviya, Smt Raksha Khadse, Shri Ram Nath Thakur were present among other dignitaries at the event.

     

     

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  • MIL-OSI Asia-Pac: Strengthening India-Belgium Partnership: Shri Piyush Goyal Meets Belgian Minister of Foreign Trade Mr. Theo Francken and Minister-President of Flanders Mr. Matthias Diependaele

    Source: Government of India

    Posted On: 04 MAY 2025 7:55PM by PIB Delhi

    Union Minister of Commerce and Industry, Shri Piyush Goyal, held a productive meeting in Brussels on 2nd May 2025 with Belgian Minister of Defence and Foreign Trade Mr. Theo Francken and Minister-President of the Flanders region Mr. Matthias Diependaele to strengthen the Indo-Belgian partnership across trade, technology, investment, and innovation. This engagement follows the March 2025 visit of HRH Princess Astrid of Belgium to India, where her meeting with Prime Minister Narendra Modi underscored the shared ambition to unlock new avenues for collaboration in trade, technology, defence, agriculture, life sciences, innovation, skilling and academic exchanges. The over 300-member Belgian Economic Mission, led by Princess Astrid, infused fresh momentum into this dynamic bilateral relationship. Both sides reaffirmed their commitment to building on this momentum to forge resilient, future-focused ties that enhance mutual growth and contribute to a more integrated global economic framework.

    The discussions highlighted growing economic synergies and focused on scaling bilateral trade, fostering industrial collaboration, and deepening investments in strategic sectors such as semiconductors, clean energy, defence production, and pharmaceuticals.The Flanders region, recognized as Belgium’s economic engine, was highlighted as a critical partner with its advanced manufacturing ecosystem, R&D infrastructure, and its strategic role as a European gateway. With India already the world’s fastest-growing major economy and widely expected to remain so over the next two decades ahead—driven by a young, aspirational population and a dynamic reform-oriented environment—the growth story presents an unprecedented opportunity for India and Belgium.

    The two sides reaffirmed their shared vision of mutual prosperity and resilient economic cooperation amidst evolving global challenges. Minister Goyal reflected on India’s transformative economic journey over the past decade, emphasizing reforms that have empowered citizens and entrepreneurs alike. “The last eleven years have not only been about economic upliftment, but about enabling aspirations,” he stated.

    The meeting also reviewed progress in EU–India Free Trade Agreement (FTA) negotiations, with both parties recognizing the need to address tariff and non-tariff barriers to enhance market access. Minister Goyal reiterated India’s position as a trusted and long-term economic partner for Europe’s growth, remarking, “India is not just a market of the future—it is a collaborator of trust.”

    Belgium remains one of India’s most significant economic partners in Europe. It is India’s 5th largest trading partner within the EU, with bilateral trade reaching USD 15.07 billion in 2023–24. Belgian FDI in India has totaled USD 3.94 billion from April 2000 to September 2024, including a remarkable 39% growth—USD 1.1 billion—in the past year alone. Bilateral cooperation spans a wide array of sectors including defence manufacturing, green hydrogen, nano-electronics, nuclear medicine, and pharmaceutical R&D, reflecting the expanding depth and strategic nature of the Indo-Belgian economic relationship. Both sides agreed to strengthen high-level engagements and facilitate regular visits by business delegations to accelerate trade and investment outcomes.

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  • MIL-OSI Asia-Pac: Union Home Minister and Minister of Cooperation, Shri Amit Shah, attends the grand closing ceremony of 1008 Sanskrit Sambhashan Shivirs in New Delhi as the Chief Guest

    Source: Government of India

    Union Home Minister and Minister of Cooperation, Shri Amit Shah, attends the grand closing ceremony of 1008 Sanskrit Sambhashan Shivirs in New Delhi as the Chief Guest

    Since 1981, Sanskrit Bharati has been working to present the vast knowledge available in Sanskrit to the world and to train and enable millions of people to speak and learn Sanskrit

    Due to the efforts of Sanskrit Bharati, the interest in Sanskrit and acceptance of Sanskrit among the people of the country, both are increasing

    Sanskrit is one of the most scientific languages of the world

    Under the leadership of Prime Minister Shri Narendra Modi, now a favorable environment for the promotion of Sanskrit is available in the country

    It is now time to work for the revival of Sanskrit instead of merely remembering its decline

    PM Modi launched the ‘Gyan Bhartam Mission’ with a fund of ₹500 crore for the preservation of manuscripts

    Sanskrit is the mother of most Indian languages, and therefore, the rise of Sanskrit is intrinsically linked to the rise of India

    The richer and more powerful Sanskrit becomes, it will strengthen more every language and dialect of the country

    By compiling and presenting the knowledge available in Sanskrit, solutions to all of the world’s problems can be found

    Posted On: 04 MAY 2025 5:31PM by PIB Delhi

    Union Home Minister and Minister of Cooperation, Shri Amit Shah, today attended the grand closing ceremony of 1008 Sanskrit Sambhashan Shivirs in New Delhi as the Chief Guest. The event was graced by several distinguished dignitaries, including Delhi Chief Minister Smt. Rekha Gupta.

    In his address at the event, the Union Home Minister and Minister of Cooperation praised Sanskrit Bharati for its remarkable and courageous initiative in organizing 1008 Sanskrit Sambhashan Shivirs. He noted that the decline of Sanskrit began even before the era of colonial rule, and its revival will require time and sustained effort. He emphasized that under the leadership of Prime Minister Shri Narendra Modi, a favorable atmosphere has emerged across the country for the resurgence of Sanskrit. He added that the government, the public, and the collective mindset are all firmly dedicated and committed to the revival and promotion of Sanskrit.

    Shri Amit Shah said that since 1981, Sanskrit Bharati has been working to present the vast knowledge available in Sanskrit to the world and to train and enable millions of people to speak and learn Sanskrit. He highlighted that many renowned global scholars have acknowledged Sanskrit as the most scientific language. Emphasizing a forward-looking approach, he said that rather than dwelling on the history of Sanskrit’s decline, efforts should now focus on its resurgence. Shri Shah said that under the leadership of Prime Minister Narendra Modi, the government has launched various initiatives to promote Sanskrit. He mentioned that around 18 projects have been implemented under the Ashtadashi scheme, and the Government of India provides financial support for the publication, bulk purchase, and reprinting of rare Sanskrit texts. Moreover, the honorarium for distinguished Sanskrit scholars has been increased.

    Union Home Minister highlighted that the Modi government’s new National Education Policy (NEP) places strong emphasis on the Indian Knowledge System, with Sanskrit as its core pillar. He noted that the Rashtriya Sanskrit Sansthan has been elevated to the status of a Central Sanskrit University. He also mentioned that under the Sahasra Chudamani Yojana, the government has facilitated the appointment of retired eminent Sanskrit scholars as educators. Shri Shah emphasized that one of the most significant initiatives of the Modi government is a nationwide campaign with a budget of approximately Rs 500 crore aimed at collecting scattered manuscripts in Sanskrit and Prakrit. He said that Prime Minister Shri Narendra Modi has launched the Gyan Bharatam Mission with a foundational corpus of Rs 500 crore dedicated to manuscript preservation, with allocations planned in every budget going forward. He further informed that over 52 lakh manuscripts have already been documented, around 3.5 lakh digitized, and 1,37,000 made available online at namami.gov.in. To support this massive effort, a team comprising scholars from various disciplines and languages has been constituted to translate and preserve these rare manuscripts.

    Shri Amit Shah said that the work undertaken by Sanskrit Bharati since 1981 is truly unparalleled. He emphasized that the solutions to many of the world’s challenges can be found through the revival, propagation, and simplification of the profound knowledge contained in Sanskrit. He highlighted that since its inception, Sanskrit Bharati has introduced over one crore people to spoken Sanskrit, trained more than one lakh Sanskrit teachers, and nurtured 6,000 families who converse exclusively in Sanskrit. Moreover, there are now 4,000 villages in India where all communication is conducted entirely in Sanskrit. Shri Shah noted that Sanskrit Bharati has established 4,500 centers across 26 countries and, in 2011, organized the world’s first World Sanskrit Book Fair. It also hosted the Sahitya Utsav in Ujjain in 2013. He stated that these efforts have significantly increased public interest in Sanskrit and its acceptance is steadily growing. The Home Minister affirmed that while there is no opposition to any language, no one can be distanced from their mother tongue — and Sanskrit is the mother of nearly all Indian languages. He concluded by saying that as Sanskrit becomes richer and stronger, it will, in turn, empower every language and dialect across the country.

    Union Home Minister said that 1008 Sanskrit Sambhashan Shivirs have concluded here today.  He shared that, through these Shivirs (camps), over 17,000 participants were introduced to Sanskrit over a 10-day period starting from April 23. During this time, they also engaged in spoken Sanskrit practice, which will help foster greater interest and enthusiasm for the language among the public.

    Shri Amit Shah said that Sanskrit represents India’s faith, tradition, truth, and timeless essence. He emphasized that the light of knowledge and wisdom is deeply embedded in the Sanskrit language. As the mother of most Indian languages, Sanskrit’s promotion is not just about its revival, but also about advancing the nation’s overall progress. He noted that for thousands of years, the churning of ideas across various disciplines has produced a wealth of knowledge preserved in Sanskrit. He said that this vast treasure spans every field and should be made accessible to the entire world. Shri Shah stressed that the profound wisdom contained in the Vedas, Upanishads, and countless Sanskrit manuscripts must reach a global audience. He added that the ongoing efforts by Sanskrit Bharati are a significant first step toward achieving this goal.

    Union Home Minister and Minister of Cooperation said that Sanskrit is not only the most scientific language in the world, but also possesses an unparalleled grammatical structure. He noted that Sanskrit was the first language to refine the use of meter and syllables, which has contributed to its continued vitality and relevance even today.

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  • MIL-OSI Asia-Pac: APEDA mulls Export Growth Strategy for Agri and Processed Foods, calls stakeholders for a Chintan Shivir

    Source: Government of India

    APEDA mulls Export Growth Strategy for Agri and Processed Foods, calls stakeholders for a Chintan Shivir

    Govt committed to reducing logistical barriers and enhancing market access for Indian agri and processed food products: Shri Sunil Barthwal, Secretary Department of Commerce

    Posted On: 04 MAY 2025 1:20PM by PIB Delhi

    Government is committed to reducing logistical barriers and enhancing market access for Indian agri and processed food products. This was stated by Shri Sunil Barthwal, Secretary Department of Commerce, in his address at a high-level Chintan Shivir organized by Agricultural & Processed Food Products Authority(APEDA) in New Delhi.

    Shri Barthwal pointed out that “Academia and Research institutions must be a part of multisectoral consultations so that Research and Development can be a major focus for innovation and sustainability in agri exports.” He emphasised that, agricultural production and productivity both are the need of the hour. He reaffirmed the Ministry’s commitment to further deliberate on the ideas and strategies discussed during the sessions.

    The consultative dialogue brought together senior officials from the Union Government, Central Ministries, representatives from State Governments, policy experts, industry leaders from Agri trade and Processed Foods sector to deliberate on strategies for enhancing the export of Agricultural And Processed Food Products from India.

    The inaugural session of the Chintan Shivir was co- chaired by Shri Sunil Barthwal, Secretary of Department of Commerce, and Shri Subrata Gupta, Secretary of Ministry of Food Processing Industries (MoFPI). The session was also graced by the Special Secretary, Department of Commerce Shri Rajesh Agrawal, Additional Secretary, Department of Animal Husbandry & Dairying, Smt. Varsha Joshi, and other senior officers of the Union and State governments, policymakers and industry leaders.

    In his opening remarks, Secretary of Ministry of Food Processing Industries (MoFPI), Shri Subrata Gupta highlighted the importance of infrastructure development and value addition to ensure sustainable export growth. He emphasised that there is a need to develop infrastructure, Sanitary and Phytosanitary standards at par with international norms, tariff plans and more synergy between Union Government, State Government, various departments and Industry stakeholders. He identified key potential products and sectors for processed foods exports like Alcoholic Beverages, Nutraceuticals and Value-Added Products.

    The Special Secretary, Ministry of Commerce & Industry, Shri Rajesh Agrawal, emphasized the critical role of synergistic efforts among Union government, State Government, industry stakeholders and farming communities in realizing India’s agri-export potential. He emphasised on the need to have a more synergetic approach amongst various stakeholders to take new agriculture, processed food and Value Added Products to new geographies.

    This Chintan Shivir is a first, one of its kind collaborative dialogue facilitated by the Ministry of Commerce and Industry and APEDA with over 70 stakeholders from the Union Government, State Governments, Industry Leaders and Line Ministries at Vanijya Bhawan. 14 States from across the country namely Andhra Pradesh, Bihar, Chhattisgarh, Gujarat, Haryana, Punjab, Maharashtra, Madhya Pradesh, Rajasthan, Telangana, Tamil Nadu, Uttarakhand, Uttar Pradesh and West Bengal participated in the inaugural session. Industry Leaders of Agri and Processed Food sectors were represented by LT Foods, KRBL, Amul, Organic India, ITC, Meatzza, Suguna Foods, Kaybee, TPCI, Organic India, Allanasons, Fair exports, HMA exports, amongst others participated in the dialogue.  

    The Shivir was divided into five parallel technical breakout sessions focusing on specific Agri-Trade Commodities and Processed Food sector, as under:

    • Basmati and Non-Basmati Rice: engaged states such as Punjab, Haryana and Telangana as well as industry giants like LT Foods and KRBL. The discussion addressed export barriers, financial and policy support and branding strategies for Indian rice.
    • Animal Products: brought together key exporters and state representatives to identify value chain improvements and international compliance strategies.
    • Horticulture with participation from states like Maharashtra, Tamil Nadu and Andhra Pradesh as well as companies such as Kaybee, explored ways to enhance quality, improve logistics, and strengthen industry-academia linkages.
    • Processed Foods: involved stakeholders like Britannia and Haldiram’s focusing on value addition, regulatory streamlining and branding of Indian products globally.
    • Organic Products: discussed opportunities in expanding India’s footprint in global organic markets with contributions from Organic India, AMUL, ITC, and regulatory bodies like FSSAI.

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  • MIL-OSI Asia-Pac: Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to attend ADB’s Annual Meeting in Milan, Italy, from 4th to 7th May 2025

    Source: Government of India

    Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to attend ADB’s Annual Meeting in Milan, Italy, from 4th to 7th May 2025

    The Union Finance Minister will also hold bilateral meetings with Finance Ministers of Italy, Japan, and Bhutan as well as heads of other international organisations, besides meeting global think-tanks, business leaders and CEOs in Milan

    Smt. Sitharaman will also interact with the Indian diaspora in Milan and also address a plenary session in at the Bocconi University on “Balancing Economic and Climate Resilience”

    Posted On: 04 MAY 2025 4:04PM by PIB Delhi

    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman will lead the Indian delegation of officials from the Department of Economic Affairs, Ministry of Finance, to attend the 58th Annual Meeting of the Board of Governors of Asian Development Bank (ADB), scheduled to take place in Milan, Italy, from May 4 to 7, 2025.

    The meetings will be attended by official delegations of Board of Governors of ADB, official delegations of ADB members and international financial institutions. The Union Finance Minister will participate in the Annual Meeting’s focal events like the Governors’ Business session, Governor’s Plenary Session and as a panelist in the ADB Governors’ Seminar on “Cross-Border Collaboration for Future Resilience”.

    On the sidelines of the ADB’s 58th Annual Meeting, Smt. Sitharaman will also hold bilateral meetings with Finance Ministers of Italy, Japan, and Bhutan, in addition to meetings with President of ADB, the President of the International Fund for Agricultural Development (IFAD), and the Governor of the Japan Bank for International Cooperation (JBIC).

    The Union Finance Minister will also interact with the Indian diaspora in Milan, besides meeting global think-tanks, business leaders and CEOs, and participating in a Plenary Session of the NEXT Milan Forum at the Bocconi University on “Balancing Economic and Climate Resilience”.

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  • MIL-OSI Asia-Pac: WAVES is a powerful platform for collaborators and content creators: Himesh Reshammiya

    Source: Government of India

    WAVES is a powerful platform for collaborators and content creators: Himesh Reshammiya

    WAVES 2025 Shines a Spotlight on Indian Music – “Taking Indian Music to New Heights”

    Posted On: 04 MAY 2025 5:46PM by PIB Mumbai

    Mumbai, 4 May 2025

     

    The third day of the WAVES 2025 Summit delivered a landmark session titled “Taking Indian Music to New Heights,” featuring a high-powered panel of industry visionaries and changemakers who gathered to discuss the global rise of Indian music and the opportunities ahead.

    This compelling session brought together some of the most respected names from both Indian and international music industries, who shared insights on artist development, music publishing, digital growth, international collaborations, and industry innovation.

    Himesh Reshammiya, the renowned Bollywood music composer and singer, described WAVES 2025 as a powerful platform for collaborators and content creators. He emphasized the importance of preparation for newcomers, advising them to always keep their music portfolio ready and polished. Reflecting on his own journey, he acknowledged that while there were limited opportunities in the past, today’s aspiring artists can leverage independent platforms and social media to showcase their talent. However, he stressed that the most critical factor remains the quality of the music – it must be appealing and melodious to truly connect with audiences and make a mark in the industry.

    Kwee Tiang, Vice President at Universal Music, shared insightful perspectives on the evolving dynamics of the Asian and global music markets. He reaffirmed Universal Music’s commitment to nurturing Indian talent and building global pathways for their success, while underlining the need for a more sustainable and value-driven music consumption culture in India.

    A leader in music technology and copyright protection, Dr. Richard Gooch, Chief Technology Officer, IFPI (International Federation of the Phonographic Industry), emphasized the role of data-driven strategies and global standards in safeguarding and promoting Indian music on international platforms.

    Representing one of the world’s largest music publishing entities, Dinraj Shetty, Executive, Sony Music Publishing shared insights on music rights management and how Indian songwriters and composers can better monetize their work in the streaming age.

    Vikram Mehra, Managing Director of Saregama, emphasized the symbiotic relationship between artists and music labels, stressing that both deserve respect for the industry to grow. He noted that artists must be valued for their creativity, while labels should be acknowledged for their financial investments in music. Mehra also highlighted the need for a robust subscription-based market, smoother government policies, and stricter action against piracy, which has significantly harmed the music industry.

    Jay Mehta, Managing Director of Warner Music India, shared his vision for the future of the Indian music industry, highlighting the contrast between the country’s rapidly growing GDP and the relatively stagnant growth of its music sector. He pointed out that despite the economic expansion, the music industry hasn’t kept pace, primarily due to challenges in monetization and consumer behavior. However, Mehta expressed optimism, stating that Indian consumers are willing to pay but only when the content is truly compelling and high-quality. He emphasized the importance of discovering fresh talent, promoting genre diversity, and building strong connections between Indian and global music scenes to unlock the industry’s full potential.

    A key voice in the policy and regulatory space, Fernandes provided a macroeconomic overview of India’s music industry and advocated for stronger frameworks, rights protection and digital innovation.

    The Session was skillfully moderated by Scott De Mercado, a respected music entrepreneur and global consultant, with insightful questions that drew out the distinctive viewpoints and forward-looking ideas of each speaker. Emphasizing the central role of creators, he remarked that artists are the true heroes of the industry, and the ecosystem must be built to support and empower them.

     

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  • MIL-OSI Asia-Pac: Union Minister of State Dr. L Murugan Launches Key Knowledge Reports on Media and Entertainment Sector at WAVES 2025; highlights India’s Rise as a Global Creative Powerhouse

    Source: Government of India

    Posted On: 04 MAY 2025 1:50PM by PIB Mumbai

    Mumbai, 4 May 2025

     

    Union Minister of State for Information & Broadcasting and Parliamentary Affairs, Dr. L Murugan released five significant Reports that collectively present a comprehensive overview of India’s dynamic and rapidly evolving media and entertainment ecosystem, at the ongoing WAVE Summit in Mumbai, yesterday.

    Prepared by reputed national and international Agencies, these Reports provide valuable insights into the creator economy, content production, legal frameworks, live events industry, and data-backed policy support.

    Statistical Handbook on Media & Entertainment 2024-25

    The Statistical Handbook prepared by the Ministry of Information & Broadcasting serves as an essential resource for data-driven policy and decision-making. It captures sectoral trends, audience behaviour, revenue growth patterns, and regional and national trajectories. The handbook is designed to inform and guide future policymaking and industry strategies, ensuring that they remain grounded in empirical evidence and practical realities. Highlights of the Handbook include:

    • Publications registered with PRGI: increased from 5,932 in 1957 to 154,523 in 2024–25, with a Compound Annual Growth Rate (CAGR) of 4.99%.
    • Books brought out by Publications Division: 130 books published in 2024–25 on themes such as children’s literature, history, freedom struggle, science, environment, and biographies.
    • Doordarshan Free Dish: Expanded from 33 channels in 2004 to 381 in 2025.
    • DTH Service: Achieved 100% geographical coverage by March 2025.
    • All India Radio (AIR):
      • Now reaches 98% of India’s population (as of March 2025).
      • Number of AIR stations grew from 198 in 2000 to 591 in 2025.
    • Private Satellite TV Channels: Increased from 130 in 2004–05 to 908 in 2024–25.
    • Private FM stations rose from 4 in 2001 to 388 by 2024; the report provides a state-wise breakup as of March 31, 2025.
    • Community Radio Stations (CRS): Expanded from 15 in 2005 to 531 in 2025, with state/district/location-wise details included.
    • Film Certification: The number of Indian feature films certified grew from 741 in 1983 to 3,455 in 2024–25, with a cumulative total of 69,113 films certified by 2024–25.
    • Film Sector Developments: Includes data on awards, international film festivals, and documentaries produced by NFDC.
    • Digital Media and Creator Economy: Covers achievements under WAVES OTT, establishment of the Indian Institute of Creative Technologies (IICT), and the Create in India Challenge (CIC).
    • Landmark Chronology: Features significant milestones in the Information and Broadcasting sector including the establishment of PRGI, Akashvani, Doordarshan, INSAT-based TV services, and private FM radio.
    • Skilling Initiatives: Information on training and capacity-building programmes under the Ministry.
    • Ease of Doing Business: Measures implemented to facilitate simplified and transparent processes for media and content creators.

    ‘From Content to Commerce: Mapping India’s Creator Economy’ – Report by Boston Consulting Group (BCG)

    The Report  highlights the unprecedented scale and impact of India’s creator economy in the digital era. With 2 to 2.5 million active digital creators, India is home to one of the world’s fastest-growing creator ecosystems. These creators already influence more than $350 billion in annual consumer spending—a figure projected to triple and exceed $1 trillion by 2030.

    The report urges stakeholders to look beyond numerical metrics and acknowledge the evolving role of creators as storytellers, culture-shapers, and economic drivers. For businesses, this shift implies moving away from transactional influencer engagements and building long-term partnerships rooted in authenticity, trust, and creative agility.

    ‘A Studio Called India’ by Ernst & Young – Envisions India as a Global Content Hub

    The Report presents India not just as a content-consuming nation but as a studio to the world. It underlines India’s strengths — linguistic diversity, cultural richness, and a technologically adept talent pool — which position the country to create narratives that transcend borders.

    India offers a 40% to 60% cost advantage in animation and VFX services, supported by a large, skilled workforce. The report also notes the increasing international appeal of Indian storytelling, with up to 25% of views on Indian OTT content now originating from overseas audiences. This phenomenon is not merely commercial—it represents a moment of cultural diplomacy, wherein India’s stories are forging emotional and cultural connections across continents.

    ‘Legal Currents: A Regulatory Handbook on India’s Media & Entertainment Sector 2025’ by Khaitan & Co

    Recognizing that creativity must be complemented by regulatory clarity, Khaitan & Co. has prepared a detailed legal and regulatory handbook for the media and entertainment sector. Designed as a practical guide for producers, studios, influencers, and platforms, the handbook covers a range of key legal issues such as:

    • Compliance norms for both domestic and foreign entities
    • Incentive schemes for international productions
    • Legal frameworks around influencer marketing and digital content
    • Definitions and taxation implications in the gaming sector, including GST
    • Protection of celebrity rights
    • Ethical considerations and regulatory treatment of AI-generated content

    This handbook is intended to equip stakeholders with tools for confident, compliant, and responsible engagement in the creative economy.

    Whitepaper on India’s Live Events Industry

    The White Paper on India’s Live Events Industry underscores the sector’s robust growth and shifting consumer dynamics. With a 15% year-on-year growth rate, the industry added ₹13 billion in revenue in 2024 alone.

    The report notes that nearly half a million fans are now travelling between cities to attend events, reinforcing the emergence of event-based tourism in India. There is a rising demand for premium and curated experiences, and Tier-2 cities such as Shillong, Vadodara, and Jamshedpur are emerging as cultural centres.

    To support and scale this momentum, the whitepaper highlights the need for:

    • Upgraded event infrastructure
    • Streamlined and simplified licensing processes
    • Stronger and more transparent music rights frameworks
    • Formal recognition of the live events sector under MSME and creative economy policies.

    The Report calls for a strategic reimagining of India as not just a spectator in the global cultural arena, but a key stage in the international spotlight.

    The launch event was attended by Shri Sanjay Jaju, Secretary, Ministry of Information and Broadcasting; Shri R.K. Jena, Senior Economic Advisor, MIB; Smt. Meenu Batra, Joint Secretary, MIB; and Shri Prithul Kumar, Joint Secretary, MIB and MD, NFDC. Representing the Knowledge Partners, Shri Vipin Gupta, Managing Director & Partner, Boston Consulting Group, Ms. Payal Mehta, Partner, Boston Consulting Group; Shri Ashish Pherwani, Partner, Ernst & Young; Shri Amiya Swarup, Partner, Ernst & Young; Ms.Tanu Banerjee, Partner, Technology and Media, Khaitan & Co; Shri Ishan Johri Partner Khaitan & Co; Shri Vinod Janardhan, Director, EVENTSFAQ Live; Shri Deepak Chaudhury MD, EVENTS FAQ also attended the event in Mumbai

     

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  • MIL-OSI Asia-Pac: Safeguard your credibility, define your boundaries, communicate honestly – WAVES Panel Advises the Influencers in Social Media

    Source: Government of India

    Safeguard your credibility, define your boundaries, communicate honestly – WAVES Panel Advises the Influencers in Social Media

    WAVES 2025 Outlines Best Practices for Social Media Advertising for Influencers

    Posted On: 04 MAY 2025 1:39PM by PIB Mumbai

    Mumbai, 4 May 2025

     

    A dedicated breakout session on Best Practices for Social Media Advertising for Influencers was held on Day 4 of the World Audio Visual and Entertainment Summit (WAVES) 2025 at the Jio World Convention Centre in Mumbai today.

    The panel comprised Ms. Saheli Sinha, Director, ASCII; Ms. Shibani Akhtar, Film Actor and Influencer; Shri Mayank Shekhar, Entertainment Journalist; and Shri Vinay Pillai, Chief Business Officer, Pocket Aces. The session was moderated by Smt. Tanu Banerjee, Partner, Khaitan & Co.

    Deliberations focused on the growing role of influencers in the digital economy, and the ethical, creative, and legal frameworks required to strengthen the credibility of influencer advertising. The panel emphasised that authenticity, transparency, and content responsibility are key pillars for sustainable influencer marketing.

    Ms. Shibani Akhtar highlighted the importance of staying true to one’s voice while creating branded content. She stated that effective influencer marketing requires creators to be involved in the content and branding process and to ensure that campaigns reflect personal belief and purpose. She urged influencers to build their brand organically and maintain authenticity as the foundation of all partnerships.

    Advising creators to adopt platform-specific strategies and avoid a one-size-fits-all approach, Shri Vinay Pillai explained that each digital platform offers a different kind of audience engagement and demands tailored storytelling techniques. He stressed the importance of building a brand consciously, staying credible, and making data-informed content decisions that resonate with target audiences.

    Shri Mayank Shekhar spoke on the evolution of digital influence and the blurring lines between celebrity and creator culture. He pointed out that in the current era, influence is not restricted to film and television but is now platform-led and niche-driven. He cautioned creators to safeguard their credibility and refrain from spreading misinformation or duplicating others’ work. He underscored the importance of integrity and fact-checking in sponsored content.

    Ms. Saheli Sinha stated that influencers must be transparent about their partnerships and disclose whether a post is paid or promotional. She advocated for influencers to develop content that is ethical, informative, and reflective of their audience’s trust. She also shared that ASCII runs educational programmes to guide emerging creators on legal obligations, advertising standards, and content responsibility.

    The panel collectively recommended that content creators should define their boundaries, communicate honestly with their followers, and stay aligned with advertising guidelines and platform regulations. Building a long-term relationship with audiences, they said, relies heavily on trust and clarity in advertising intent.

    The session concluded with a strong endorsement of formalised best practices for influencer advertising and a call for continued industry efforts to promote transparency and professionalism in the digital advertising ecosystem.

     

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  • MIL-OSI Asia-Pac: Content Piracy is no longer a localised issue but a global economic threat – Global Experts discuss measures to curb piracy, at WAVES 2025

    Source: Government of India

    Content Piracy is no longer a localised issue but a global economic threat – Global Experts discuss measures to curb piracy, at WAVES 2025

    Stakeholders Call for Centralized Anti-Piracy Task Force and Advanced Technology

    Posted On: 03 MAY 2025 10:40PM by PIB Mumbai

    Mumbai, 3 May 2025

     

    At the ongoing WAVES 2025 conclave, a critical session titled “International Rights Holders’ Perspectives on Content Protection Strategies and Synergies” brought together global stakeholders to address the escalating threat of digital piracy and explore collaborative approaches to content protection.

    Mr. Rajkumar Akella, noted filmmaker and anti-piracy advocate from the Telugu film industry, opened the discussion by emphasizing the vulnerability of regional cinema to piracy due to its expanding popularity. He highlighted the proactive efforts by the Telugu film industry, including the establishment of a dedicated Anti-Piracy Cell and Digital Piracy Team.

    Ms. Dawn Barriteau and Ms. Jihi Lee, international rights experts, underscored that piracy has evolved into a sophisticated, cross-border cybercrime. They noted the alarming shift from physical piracy to digital forms—facilitated by torrent sites, direct downloads, and social media platforms like Telegram. Ms. Lee added that in today’s ecosystem, piracy is no longer a localised issue but a global economic threat.

    Highlighting emerging digital trends, speakers pointed out that while Korean content (K-dramas and K-pop) is widely consumed in India, their monetization models are driven by legitimate viewer engagement and brand collaborations, not piracy metrics. Conversely, Indian cinema is enjoying growing popularity in countries like Japan, opening both opportunities and risks on the international piracy front.

    The session also examined how piracy funds broader criminal activities, including financial fraud and cybercrime. The discussion focused on addressing piracy through a comprehensive, global strategy. Key recommendations included the formation of a centralized anti-piracy task force with international representation to coordinate efforts across borders. There was also a call for increased investment in advanced digital monitoring and enforcement technologies to more effectively detect and prevent piracy. The speakers unanimously agreed that piracy is not just an economic loss but also poses a long-term threat to innovation, investment, and global cultural exchange.

     

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