Category: Economy

  • MIL-OSI: Financial Institutions, Inc. Schedules First Quarter 2025 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    WARSAW, N.Y., April 01, 2025 (GLOBE NEWSWIRE) — Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), the parent company of Five Star Bank and Courier Capital, LLC, will release results for the first quarter ending March 31, 2025 after the market closes on April 28, 2025.

    Management will host an earnings conference call and audio webcast on April 29, 2025 at 8:30 a.m. Eastern Time. The call will be hosted by Martin K. Birmingham, President and Chief Executive Officer, and W. Jack Plants II, Chief Financial Officer and Treasurer. Within the United States, participants may access the call by dialing 1-833-470-1428 and providing the access code 737945. A live webcast will also be available in listen-only mode on the Company’s website, www.FISI-Investors.com, and a replay of the webcast will be available there for at least 30 days.

    About Financial Institutions, Inc.
    Financial Institutions, Inc. (NASDAQ: FISI) is a financial holding company with approximately $6.1 billion in assets as of December 31, 2024, offering banking and wealth management products and services. Its Five Star Bank subsidiary provides consumer and commercial banking and lending services to individuals, municipalities and businesses through banking locations spanning Western and Central New York and a commercial loan production office serving the Mid-Atlantic region. Courier Capital, LLC offers customized investment management, financial planning and consulting services to individuals and families, businesses, institutions, non-profits and retirement plans. Learn more at Five-StarBank.com and FISI-Investors.com.

    For additional information contact:
    Kate Croft
    Director of Investor and External Relations
    (716) 817-5159
    klcroft@five-starbank.com

    The MIL Network

  • MIL-OSI: QCR Holdings, Inc. to Report First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    MOLINE, Ill., April 01, 2025 (GLOBE NEWSWIRE) — QCR Holdings, Inc. (NASDAQ: QCRH) (“QCRH” or the “Company”) announced today that its first quarter ended March 31, 2025 financial results will be released after the market closes on Tuesday, April 22, 2025. The Company will host a conference call and webcast the next day, Wednesday, April 23, 2025, at 10:00 a.m. Central Time to discuss the results. Shareholders, analysts, and other interested parties are invited to join.

    Teleconference:

    Dial-in information for the call is 888-346-9286 (international 412-317-5253). Participants should request to join the QCR Holdings, Inc. call. The event will be archived and available for replay through April 30, 2025. The replay access information is 877-344-7529 (international 412-317-0088); access code 7198237.

    Webcast: 

    A webcast of the teleconference can be accessed at the Company’s News and Events page at www.qcrh.com. An archived version of the webcast will be available at the same location shortly after the live event has ended.

    About QCR Holdings, Inc.

    QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny and Springfield communities through its wholly owned subsidiary banks. The banks provide full-service commercial and consumer banking and trust and wealth management services. Quad City Bank & Trust Company, based in Bettendorf, Iowa, commenced operations in 1994, Cedar Rapids Bank & Trust Company, based in Cedar Rapids, Iowa, commenced operations in 2001, Community State Bank, based in Ankeny, Iowa, was acquired by the Company in 2016, Springfield First Community Bank, based in Springfield, Missouri, was acquired by the Company in 2018, and Guaranty Bank, also based in Springfield, Missouri, was acquired by the Company and merged with Springfield First Community Bank in 2022, with the combined entity operating under the Guaranty Bank name. Additionally, the Company serves the Waterloo/Cedar Falls, Iowa community through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company. The Company has 36 locations in Iowa, Missouri, Wisconsin and Illinois. As of December 31, 2024, the Company had $9.0 billion in assets, $6.8 billion in loans and $7.1 billion in deposits. For additional information, please visit the Company’s website at www.qcrh.com.

    Contacts:

    Todd A. Gipple
    President
    Chief Financial Officer
    (309) 743-7745
    tgipple@qcrh.com

    The MIL Network

  • MIL-OSI: GAMCO Expects to Report Diluted EPS for the First Quarter 2025 of $0.75 to $0.81 Per Share

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., April 01, 2025 (GLOBE NEWSWIRE) — GAMCO Investors, Inc. (“Gabelli”) (OTCQX: GAMI) announced today that assets under management (“AUM”) were $31.1 billion at March 31, 2025 as compared to $31.7 billion at March 31, 2024.

    Gabelli expects to report first quarter 2025 diluted earnings in the range of $0.75 to $0.81 per share versus $0.64 per share for the first quarter of 2024.

    Gabelli will be issuing further details on its financial results in early May.

    About GAMCO Investors, Inc.

    Gabelli (OTCQX: GAMI), established in 1977 and incorporated under the laws of Delaware, is a widely-recognized provider of investment advisory services to 24 open-end funds, 13 United States closed-end funds and one United Kingdom limited investment company, 5 actively managed exchange traded funds, one société d’investissement à capital variable, and approximately 1,400 institutional and private wealth management investors principally in the U.S. The Company’s revenues are based primarily on the levels of assets under management and fees associated with the various investment products.

    In 1977, Gabelli launched its well-known All Cap Value equity strategy, Gabelli Value, in a separate account format and in 1986 entered the mutual fund business. Today, Gabelli offers a diverse set of client solutions across asset classes (e.g. Equities, Debt Instruments, Convertibles, non-market correlated Merger Arbitrage), regions, market capitalizations, sectors (e.g. Gold, Utilities) and investment styles (e.g. Value, Growth). Gabelli serves a broad client base, including institutions, intermediaries, offshore investors, private wealth, and direct retail investors.

    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

    The financial results set forth in this press release are preliminary. Our disclosure and analysis in this press release, which do not present historical information, contain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995.  Forward-looking statements convey our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, and financial results. Although we believe that we are basing our expectations and beliefs on reasonable assumptions within the bounds of what we currently know about our business and operations, the economy, and other conditions, there can be no assurance that our actual results will not differ materially from what we expect or believe. Therefore, you should proceed with caution in relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance.

    Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors, some of which are listed below, that are difficult to predict and could cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements. Some of the factors that may cause our actual results to differ from our expectations include risks associated with a decline in the securities markets that adversely affect our assets under management, negative performance of our products, the failure to perform as required under our investment management agreements, and a general downturn in the economy that negatively impacts our operations. We also direct your attention to the more specific discussions of these and other risks, uncertainties and other important factors contained in our Annual Report and other public filings. Other factors that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We do not undertake to update publicly any forward-looking statements if we subsequently learn that we are unlikely to achieve our expectations whether as a result of new information, future developments or otherwise, except as may be required by law.

    Contact:     Kieran Caterina
    SVP, Chief Accounting Officer
    (914) 921-5149

    For further information please visit
    www.gabelli.com

         

    The MIL Network

  • MIL-OSI: American Coastal Insurance Corporation Announces the Sale of its Personal Lines Subsidiary, Interboro Insurance Company

    Source: GlobeNewswire (MIL-OSI)

    ST. PETERSBURG, Fla., April 01, 2025 (GLOBE NEWSWIRE) — American Coastal Insurance Corporation (Nasdaq Ticker: ACIC) (“the Company”, “American Coastal” or “ACIC”), the insurance holding company of American Coastal Insurance Company (“AmCoastal”), announced today that it has completed the previously announced sale of Interboro Insurance Company (“Interboro” or “IIC”) to Forza Insurance Holdings, LLC (“Forza”).

    The Company received approximately $26.4 million in cash from Forza based on the generally accepted accounting principles (“GAAP”) estimated equity of IIC as of the closing date. The Company and Forza will reconcile the purchase price within approximately 30 days, based on the finalized GAAP equity of IIC as of April 1, 2025.

    The sale of Interboro formally completes our strategic transformation into a specialty insurer focused on underwriting commercial residential property insurance. All of our capital and human resources are now fully focused on our core business, and we expect our market leadership will continue to drive exceptional value for our shareholders.” said Brad Martz, President & Chief Executive Officer.

    Raymond James & Associates acted as exclusive financial advisor to American Coastal and Debevoise & Plimpton LLP served as legal counsel to American Coastal in connection with this transaction.

    About American Coastal Insurance Corporation:
    American Coastal Insurance Corporation (amcoastal.com) is the holding company of the insurance carrier, American Coastal Insurance Company, which was founded in 2007 for the purpose of insuring Condominium and Homeowner Association properties, and apartments in the state of Florida. American Coastal Insurance Company has an exclusive partnership for distribution of Condominium Association properties in the state of Florida with AmRisc Group (amriscgroup.com), one of the largest Managing General Agents in the country specializing in hurricane-exposed properties. American Coastal Insurance Company has earned a Financial Stability Rating of “A”, Exceptional’ from Demotech, and maintains an “A-” insurance financial strength rating with a Stable outlook by Kroll. ACIC maintains a ‘BB+’ issuer rating with a Stable outlook by Kroll.

    Contact Information:
    Alexander Baty
    Vice President, Finance & Investor Relations, American Coastal Insurance Corporation
    investorrelations@amcoastal.com
    (727) 425-8076

    Karin Daly
    Investor Relations, Vice President, The Equity Group
    kdaly@equityny.com
    (212) 836-9623

    The MIL Network

  • MIL-OSI: Pieridae to Hold Conference Call and Webcast for Its Annual and Special Meeting of Shareholders and to Discuss First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES

    CALGARY, Alberta, April 01, 2025 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) will release its financial and operating results for the first quarter 2025, on Wednesday, May 7, 2025, after markets close.

    President & Chief Executive Officer Darcy Reding and Chief Financial Officer Adam Gray will discuss first quarter financial results and recent company developments on an investor conference call and webcast following the formal portion of the Company’s annual and special meeting of shareholders on Thursday, May 8, 2025, at 1:30 p.m. MDT / 3:30 p.m. EDT.

    To register to participate via webcast please follow this link:    

    https://edge.media-server.com/mmc/p/xk53vcfn

    Alternatively, to register to participate by telephone please follow this link:

    https://register-conf.media-server.com/register/BIf4a11631ac334142b7d1671fbf810fbb

    A replay of the webcast will be available two hours after the conclusion of the event and may be accessed using the webcast link above.

    ABOUT PIERIDAE

    Pieridae is a Canadian energy company headquartered in Calgary, Alberta. The Company is a significant upstream producer and midstream custom processor of natural gas, natural gas liquids, condensate, and sulphur from the Canadian Foothills and adjacent areas in Alberta and in northeast British Columbia. Pieridae’s vision is to provide responsible, affordable natural gas and derived products to meet society’s energy security needs. Pieridae’s Common Shares trade on the TSX under the symbol “PEA”.

    For further information, visit www.pieridaeenergy.com, or please contact:

    Darcy Reding, President and Chief Executive Officer Adam Gray, Chief Financial Officer
    Telephone: (403) 261-5900 Telephone: (403) 261-5900
       
    Investor Relations  
    investors@pieridaeenergy.com  

                  
                                           

    The MIL Network

  • MIL-OSI Economics: Christine Lagarde: The transformative power of AI

    Source: European Central Bank

    Welcome address by Christine Lagarde, President of the ECB, at the ECB conference on “The transformative power of AI: economic implications and challenges” in Frankfurt, Germany.

    Frankfurt, 1 April 2025

    It is a pleasure to welcome you to our conference on the transformative power of AI.

    In the early stages of a new technological breakthrough, it is often hard to discern fact from fiction. We struggle to imagine the ways in which the new technology will be used. And even if we predict the direction of technological change correctly, we rarely get the timeline or the size of the impacts right.

    Today, we sometimes hear claims that AI is improving so fast that we are only a few years away from the nature of work being radically reformed. But we also hear arguments that the same barriers that slowed down the adoption of all past technologies will also delay AI adoption.

    I cannot claim to know which vision will prove to be correct. But the early evidence is promising and, in my view, we must act on the basis that we are facing an economic revolution. This attitude will be particularly important here in Europe.

    On this side of the Atlantic, we are still paying the price for having been too slow to capitalise on the last major digital revolution, the internet. The tech sector explains around two-thirds of the productivity gap between the EU and the United States since the turn of the century.

    And now we are faced with a technology that can improve its own performance through self-learning mechanisms and feedback loops, enabling even more rapid advances and innovations. The risks of underestimating the potential of AI, and falling behind again, are simply too great to be ignored.

    What’s more, we are facing a new geopolitical environment in which we can no longer be sure that we will have frictionless access to new technologies developed overseas. This new reality strengthens the case for Europe to establish itself at the technological frontier.

    There are two main areas where we should expect, and prepare for, major changes in the economy.

    The first is productivity.

    We can already see the productivity effects of AI in sectors like the US tech sector, where output is expanding while employment is falling.[1] But we are still in the early phase of the “productivity J-curve”, where new technologies diffuse to the wider economy and are reflected in GDP.

    As such, estimates about the productivity gains of AI vary widely – but even at the lower end they would be a game changer for Europe.

    One widely accepted methodology estimates that the euro area could see a boost to total factor productivity (TFP) of around 0.3 percentage points per year over the next ten years.[2] Compare that with the past decade, when annual TFP growth averaged just 0.5%.

    Other estimates point to much larger gains, with productivity expected to grow 1.5 percentage points faster annually if AI is widely adopted over the next decade.[3]

    Whether Europe can achieve such productivity gains will depend on whether we can improve the environment for AI innovation and diffusion.

    This comes down to funding, regulation and energy.

    As I have been arguing for some time, Europe’s relatively small venture capital ecosystem is a major hindrance to building foundational models in the EU.[4] Between 2018 and 2023, around €33 billion was invested in AI companies in the EU, compared with more than €120 billion in their US peers.[5]

    Building and developing this technology also requires considerable investment in data centres, and the EU currently has around 4 times fewer dedicated sites than the US.[6]

    At the same time, ECB research finds that regulation and a lack of institutional quality are particularly detrimental to the expansion of high-tech sectors relative to more mature technologies. Investing in radical technologies is highly risky and needs a different set of framework conditions.[7]

    The adoption of AI, for example, depends on access to data pools to train models, which requires smart regulation to avoid data fragmentation while ensuring data protection. It also requires good institutions as, for instance, effective legal systems are needed to defend a non-patentable asset like a set of AI prompts.

    Our research shows that if the EU’s average institutional delivery were raised to the level of best practice, AI-intensive sectors would see their share in investment rise by more than 10 percentage points.[8]

    Finally, unless we see major breakthroughs in efficiency, Europe’s energy supply constraints could pose a challenge to the diffusion of AI through the economy in the future.

    The power consumption of data centres is expected to triple in Europe by the end of the decade.[9] AI training and inference is extremely energy-intensive.[10] And this surge in demand comes at a time when the green transition is also increasing the demand for electricity, for example for charging battery electric vehicles.

    There is now a clear policy agenda in Europe to address these barriers. It is widely recognised that we need to build a savings and investment union to jump-start European venture capital, that we must simplify complex digital regulations and improve permitting speeds, and that we have to massively increase investment in data centres, fibre-optic networks and electricity grids.

    But for Europe to make the most of the AI revolution, how the productivity gains from AI are harnessed also matters. Labour productivity can be increased either by reducing labour inputs relative to outputs, or by raising outputs relative to inputs. The employment implications of each route are vastly different.

    This brings me to the second area of major change: the effect of AI on labour markets.

    According to ECB research, between 23% and 29% of workers in Europe are highly exposed to AI.[11] This does not necessarily herald a “job apocalypse”. It is reasonable to expect that AI will follow historical patterns by displacing some jobs while creating new one.[12]

    But there are two new questions that this technology poses.

    First, will the pace of technological change be faster than in previous transitions? This question is critical for Europe, as our social model and traditionally high levels of job protection make it hard to see how a transition that leads to massive job reallocations could avoid a major backlash.

    The key factor will be whether AI leans more towards job displacement via its “automation potential”, or towards changes in the nature of work via its “augmentation potential”. In the augmentation scenario, workers will still need to adapt to changing roles and tasks, but the transition will likely be easier.

    Recent research by the ILO finds that only a small share of jobs – around 5% in advanced economies – meet the criteria for high automation. But a much larger share – over 13% – meet the criteria for high augmentation.[13]

    The second question is about the distribution of gains.

    Early studies suggested that AI could increase the productivity of lower-skilled workers the most.[14] But newer studies looking at more complex tasks – like scientific research[15], running a business[16]and investing[17]– tell a different story. High performers benefit disproportionately and, in some cases, less productive workers see no improvements at all.

    So even if AI augments more than it automates, we are likely to see an increase in labour market inequality. Demand for higher-skilled workers who can use AI most effectively will rise, while those less able to learn new skills could suffer.

    All told, I do see a path for Europe to adopt AI without fracturing its social model. But it will require massive complementary investments in skills to prevent a rise in inequality.

    Crucially, this will not require everyone to become coders, which would probably set the bar too high. According to the OECD, most workers who will be exposed to AI will not need specialised AI skills to get ahead in their careers.

    In fact, the most sought-after skills in highly exposed jobs will be linked to management and business – skills that many people have the capacity to learn.[18]

    The CEO of Anthropic, Dario Amodei, has described the potential capabilities of AI as being like “a country of geniuses in a data centre”.[19] If this proves to be correct, it is both an awesome prospect for humanity and a daunting one for individual workers.

    I believe we must act today, and especially in Europe, with the mindset that this future will likely come to pass. We must remove all the barriers that will prevent us from being at the forefront of this revolution.

    But we must also prepare for the human and climate impacts of this transition, and we need to start now.

    I trust that this conference will generate the ideas we need to move forwards.

    MIL OSI Economics

  • MIL-OSI NGOs: Myanmar: Military cannot ‘ask for aid with one hand and bomb with the other’

    Source: Amnesty International –

    Myanmar’s military must refrain from deliberate air strikes and other forms of attack on civilian targets in areas impacted by last week’s 7.7-magnitude earthquake, Amnesty International said today as it called for aid to more quickly reach people in the epicentre of the disaster.

    Testimony gathered by Amnesty in the days following the earthquake corroborates reports that the military has continued its campaign of deadly air strikes, adding to the strain of recovery efforts and the fear and anxiety of survivors.

    Joe Freeman, Amnesty International’s Myanmar Researcher, said:

    “You cannot ask for aid with one hand and bomb with the other. Carrying out air strikes and attacking civilians in the same region where the earthquake struck is inhumane and shows a blatant disregard for human rights.

    “Human rights are most in jeopardy in situations of crisis and emergency. The Myanmar military and other parties to the conflict must address the immediate and essential needs of all affected communities and ensure that rescue and relief efforts are carried out without discrimination.

    “Priority in the provision of international aid – such as safe and potable water, food and medical supplies – and financial aid should be given to the most vulnerable or marginalised groups of the population.”

    Death toll

    At least 2,065 people have been killed and more than 3,900 injured as a result of the earthquake, according to military-controlled media in Myanmar. The rapid spike in figures from day to day as well as communication challenges have prompted fears of a much larger toll.

    The earthquake epicentre is in Sagaing, a sprawling region in central Myanmar. Significant damage is also being reported in Mandalay, Myanmar’s second-biggest city, the capital Naypyitaw and parts of Shan State and Bago Region.

    The air strikes, which have become a daily fact of life in Myanmar since the 2021 coup, have now hit areas near the focus of earthquake recovery efforts, and in other conflict zones such as Karen and Karenni States.

    The sound is ‘like a chainsaw’

    Since the coup, the military has fought fierce battles with armed resistance groups in Sagaing and in central Myanmar generally, carrying out unlawful air strikes, extrajudicial executions and large-scale burning of homes. In some instances, groups fighting against the military have also been accused of abuses.

    Amnesty spoke to a Myanmar nurse in Nwe Khwe village, which is in Sagaing Region’s Chaung-U township, and a local rescue worker in the same township.

    The rescue worker described taking cover from attacks after the earthquake, which included several on this morning(1 April) and one on the day of the earthquake. These were carried out with manned motorised paragliders, referred to locally as “paramotor attacks,” a new tactic of the Myanmar military in central Myanmar that requires fewer resources like jet fuel.

    The rescue worker told Amnesty:

    “I was in an underground shelter. [During attacks] I can hear the sound of the engine crossing over my village. The paramotor attack noise is like a chainsaw,” the rescue worker said. “It becomes like our daily life, surviving the air strikes. I don’t know why it doesn’t stop yet.”

    The nurse, who is affiliated with the Civil Disobedience Movement which opposes the military through protests and boycotts, also said a paramotor attack occurred in the evening after the earthquake, as well as one on 31 March. There were no fatalities from the paramotor attacks this time, largely because of established early warning systems.  She said:

    “I am not mentally well, everybody in the village is frightened because of the attacks and the earthquake.”

    The opposition National Unity Government, which oversees armed People’s Defense Forces created in the aftermath of the 2021 coup to fight the military, announced a two-week suspension of hostilities starting on 30 March. A separate but aligned armed faction, the Three Brotherhood Alliance, announced a one-month humanitarian pause except in the case of defensive actions, from today.

    ‘The situation is like Covid-19’

    Contrary to previous natural disaster responses that Amnesty has documented, Myanmar’s military has issued a rare appeal for international aid, and Amnesty has received information that aid is getting through to some affected areas. But the picture is mixed, complicated by internet outages and reports of deliveries being blocked or held up.

    In Sagaing town, the capital of the Sagaing Region, Amnesty spoke to three residents. It also reviewed a report on recovery efforts from a coordinating group drawn from Myanmar civil society, which said that in Sagaing town there are rising needs for body bags and quicklime powder, torches, medical supplies and mosquito repellant coils.

    It also said that the military, which largely controls the town, was imposing “strict surveillance” for light vehicles en route to Sagaing from Mandalay. Soldiers are inspecting deliveries, and checks can take longer if they come from other areas in Sagaing that have more connections to resistance groups.

    The residents said most of the town had been damaged and that people do not have regular access to drinking water, food, shelter, medicine, adequate medical treatment or electricity, with some using small solar panels. They said people are sleeping on the streets, using mats, tarpaulin and mosquito nets.

    One resident said:

    “The Myanmar Red Cross is here, and local civil societies based in Sagaing are active and they are functioning. But I don’t see international groups coming into town. They cannot buy food and drinking water because there is no supplier in the town.”

    Another town resident who was helping deliver aid locally said people need dry rations such as canned food and packaged noodles, and that local groups were using their own equipment to carry out search and rescue work.

    International agencies had reportedly been granted access to deliver aid to Sagaing, but no one Amnesty spoke to at the time had seen them in the town as of 31 March.

    A pregnant woman described scenes of horror in the local hospital after the earthquake. She said:

    “The situation in the hospital [Sagaing General Hospital] was just like Covid-19, there are tons of dead bodies in the hospital, without knowing who they are and who they belong to. The hospital just put them in the crematorium.”

    The woman said she was told she needs a c-section but that it needs to be done in Mandalay, which she can’t reach. As of 31 March, she was staying out in the open area of the hospital compound.

    MIL OSI NGO

  • MIL-OSI United Nations: SIJ Media

    Source: UNISDR Disaster Risk Reduction

    Mission

    SIJ Media is a Development Communications and Design Agency passionate about communicating positive social impact stories. 

    The agency produces two podcasts, featuring leading innovators from around the world in financial inclusion and social entrepreneurship. 

    SIJ Media also supports social impact-focused organisations in launching their own shows and plans to continue expanding its service portfolio throughout 2025.

    MIL OSI United Nations News

  • MIL-OSI United Nations: Oslo Forum elevates financing for disaster risk reduction to a global priority

    Source: UNISDR Disaster Risk Reduction

    The urgent need to close the global financing gap for disaster risk reduction took center stage at a high-level forum held in Oslo from 25 to 26 March, hosted by the Government of Norway with the support of the UN Office for Disaster Risk Reduction (UNDRR). 

    In recent years, the cost of disasters has increased as a function of more extreme weather events and uninformed development decisions, which unintentionally place people and assets in harm’s way. 

    Despite this growth, there has been no equivalent increase in the amount of funding to reduce disaster risks. Indeed, the lack of funding was identified in the Midterm Review of the Sendai Framework for Disaster Risk Reduction, as one of the biggest obstacles to transforming plans and strategies into action on the ground.

    By some measures, the amount of funding for disaster prevention has even decreased. According to a review by UNDRR, within the humanitarian sector, the amount of funding for disaster prevention and preparedness has gone down over the years – from an already low level of 3.6% between 2015 and 2018, to 3.3% between 2019 and 2023. 

    Compounding the problem, public development projects and private sector investments are often not informed by an understanding of disaster risks, which could increase the likelihood of these investments triggering disasters or being destroyed by them. 

    The High-Level Forum on Accelerated Disaster Risk Reduction Financing to Build Resilience, which met over two days from 25 to 26 March in Oslo, took up the challenge of addressing these aspects of finance by convening high-level representatives from 20 countries in addition to experts from international organizations, multilateral development banks, the private sector, and research institutes. 

    “We gathered in Oslo to advance the disaster risk reduction financing agenda.  With the constructive contributions over the past two days, I believe we have created the momentum we need to take this forward,” said Mr. Åsmund Aukrust, Norway’s Minister of International Development, who opened the forum. 

    Technical support for the Forum was provided by UNDRR, which participated through a delegation led by Mr. Kamal Kishore, the Special Representative of the United Nations Secretary-General for Disaster Risk Reduction and the Head of UNDRR. 

    Mr. Kishore expressed his gratitude to Norway for hosting these discussions and noted the centrality of disaster risk reduction to addressing many global challenges:

    “Financing is the single challenge that unites the disaster, climate, development, and humanitarian domains. The unique advantage of disaster risk reduction is that it can simultaneously strengthen all the other domains, because of its emphasis on reducing vulnerabilities and building resilience.”

    The forum’s outcomes will inform policy discussion on financing in international fora, including the Global Platform on Disaster Risk Reduction 2025, the G20 Disaster Risk Reduction Working Group, and at the events leading up to the 4th International Conference on Financing for Development. In addition, UNDRR, in coordination with Norway, will follow up with partners to transform some of the proposals into concrete actions over the coming months.

    MIL OSI United Nations News

  • MIL-OSI Asia-Pac: CSIR Submits Annual Accounts for FY 2024–25 to CAG on Day One of the Financial Year

    Source: Government of India

    Posted On: 01 APR 2025 10:25PM by PIB Delhi

    The Council of Scientific and Industrial Research (CSIR) has reached a significant milestone in financial management and institutional efficiency by submitting its Annual Accounts for the Financial Year 2024–25 to the Comptroller and Auditor General (CAG) of India on April 1, 2025. This submission has been accomplished three months ahead of the statutory deadline of June 30, 2025.

    This early submission reflects CSIR’s continued commitment to sound financial governance, administrative transparency, and process efficiency. It is the result of coordinated efforts across CSIR Headquarters and its 38 constituent laboratories and institutions located across the country.

    The Integrated Finance Division Team presenting the Balance Sheet and Annual Accounts to DG, CSIR

    Shri Chetan Prakash Jain, JS&FA, CSIR lead IFD team submitting the Annual Accounts for the Financial Year 2024–25 to the CAG

    A key enabler of this achievement has been the successful implementation of the Accounts Management System (AMS) software, developed entirely in-house. The system was conceptualized and developed by a team of CSIR officers comprising Shri S.P. Singh, Senior Deputy Financial Adviser; Shri Arvind Khanna, Financial and Accounts Officer; and Ms. Akansha Trehan, Technical Officer. The software has enabled streamlined, real-time financial consolidation and has brought greater accuracy and timeliness in the preparation of accounts across the CSIR system.

    The initiative was undertaken under the guidance of Dr. N. Kalaiselvi, Director General, CSIR and Secretary, DSIR, and was steered under the financial leadership of Shri Chetan Prakash Jain, Joint Secretary and Financial Adviser, CSIR/DSIR.

    By completing the process of annual financial closure and submission on the very first day of the new financial year, CSIR demonstrates the viability of achieving high standards in public financial reporting. This development serves as a benchmark for other scientific and public sector organizations striving to enhance financial discipline and administrative performance.

    CSIR remains committed to further strengthening its systems and practices in alignment with the principles of good governance.

    ***

    NKR/PSM

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Union Minister of State for Cooperation Shri Muralidhar Mohol today replied to the discussion on the Tribhuvan Sahkari University Bill, 2025 in the Rajya Sabha

    Source: Government of India

    Union Minister of State for Cooperation Shri Muralidhar Mohol today replied to the discussion on the Tribhuvan Sahkari University Bill, 2025 in the Rajya Sabha

    After the discussion, the House passed the Bill. The Lok Sabha had passed this Bill on 26 March, 2025

    Under the leadership of Prime Minister Shri Narendra Modi, where rural economy will have an important contribution in making India the third largest economy in the world by the year 2027

    Shri Amit Shah ji became the first Minister of Cooperation of this country, with vast experience in PACS and market committee, President of the District Cooperative Bank and Director of the State Cooperative Bank

    Cooperative sector will need about 17 lakh trained youth in the next five years and in view of this, the initiative to establish Tribhuvan Sahkari University has been taken

    An institutionalised system is necessary to bring dynamism in the cooperative sector and its expansion and Tribhuvan Sahkari University has been established for the same purpose

    Under the leadership of Shri Amit Shah, the Ministry of Cooperation took 60 new initiatives to give a new direction to the cooperative sector

    In 2013-14, a budget of Rs 122 crore was allocated for the Department of Cooperation, which has increased 10 times to Rs 1190 crore today

    Bye-laws of PACS were amended to make them and multipurpose and these bye-laws have been adopted by 32 states and UTs

    Today, 43 thousand PACSs are running Common Service Centers, 36 thousand PACSs running PM Kisan Samridhi Kendra and 4 thousand PACSs running Pradhan Mantri Jan Aushadhi Kendra

    Only when PACSs will be economically strong, the farmer will be empowered and the villages will also become prosperous

    National Cooperative Policy is being formulated under leadership of PM Modi and guidance of Union Minister of Cooperation, Shri Amit Shah and it is our resolve to announce this policy

    This year NCDC has given financial assistance of about Rs 10 thousand crore to the sugar mills of the country

    Posted On: 01 APR 2025 10:16PM by PIB Delhi

    Union Minister of State for Cooperation Shri Muralidhar Mohol today replied to the discussion on the Tribhuvan Sahkari University Bill, 2025 in the Rajya Sabha. After the discussion, the House passed the Bill. The Lok Sabha had passed this Bill on 26 March, 2025.

    Replying to the discussion, Union Minister of State for Cooperation Shri Muralidhar Mohol said that Prime Minister Shri Narendra Modi has resolved to make India the third largest economy in the world by the year 2027, where rural economy will have an important contribution. He said that today more than 50 percent of the country’s population is associated with the agriculture sector. There are about 8 lakh cooperatives in the country with over 30 crore members. Shri Mohol said that one person from every farmer family is associated with the cooperative sector.

    Minister of State for Cooperation said that in 2013-14, a budget of Rs 122 crore was allocated for the Department of Cooperation, which has increased 10 times to Rs 1190 crore today. Earlier, the work related to cooperatives of the whole country was being handled by a joint secretary-level officer, but Prime Minister Modi ji established an independent Ministry of Cooperation for the welfare of farmers. He said that taking a visionary decision, PM Modi ji formed the Ministry of Cooperation for the development and expansion of cooperative societies like Primary Agricultural Credit Societies (PACS), Dairy, Sugar Mills, Cooperative Bank, Textile Mills across the country and strengthen the cooperative movement.

    Shri Muralidhar Mohol said that it is a matter of pride for all of us that Shri Amit Shah ji became the first Minister of Cooperation of this country, who worked in the PACS and market committee of the village, as the President of the District Cooperative Bank, also as the Director of the State Cooperative Bank and who has made a great contribution and has vast experience in the cooperative sector.

    Minister of State for Cooperation said that under the leadership of Shri Amit Shah, the Ministry of Cooperation took 60 new initiatives to give a new direction to the cooperative sector. These include the first step of strengthening the PACS. He said that PACS is the most important link in the cooperative sector, so the bye-laws of PACS were amended and PACS were made multipurpose and these bye-laws have been adopted by 32 states and union territories.

    Shri Muralidhar Mohol said that today in the country, 43 thousand PACSs are running Common Service Centers, 36 thousand PACSs are running Pradhan Mantri Kisan Samridhi Kendra and 4 thousand PACSs are running Pradhan Mantri Jan Aushadhi Kendra. Many PACSs are also running petrol pumps. He said that only when PACSs will be economically strong, the farmer will be empowered and the villages will also become prosperous.

    Minister of State for Cooperation said that to strengthen cooperative sector in the states, computerization of about 66 thousand PACS is being done by the Union Ministry of Cooperation, on which the Government of India is spending Rs 2516 crore. He said that the government is trying to make every village of the country prosperous through cooperation. For this, the Ministry has set a target of creating 2 lakh PACSs, out of which 14 thousand PACSs have already been created. Shri Mohol said that in the next five years, the number of PACSs in the country will increase to 3 lakh.

    Shri Muralidhar Mohol said that while forming PACSs, we have kept in mind the social structure of the country and decided to give representation to all sections of the society including women in cooperatives. He said that under the new bye-laws, the government has made it mandatory to have members of SC, ST category and a woman member in the Board of Directors of PACS. Through this, we are working to provide social justice in the cooperative sector. Shri Mohol said that a National Cooperative Database has been created by taking all the states together. Now, information about all cooperatives can be obtained with one click.

    Union Minister of State for Cooperation said that the National Cooperative Policy of the country is also being formulated under the leadership of Prime Minister Modi ji and guidance of Union Home Minister and Minister of Cooperation, Shri Amit Shah. It is our resolve to announce this policy in the next few days. He said that for the first time in 2023, under the leadership of Shri Amit Shah ji, three new cooperative societies – Bharatiya Beej Sahakari Samiti Limited (BBSSL), National Cooperative Exports Limited (NCEL) and National Cooperative Organics Limited (NCOL) – were established at the national level to provide facilities to the farmers of the country from seed to market. 34 thousand cooperative institutions have been made members by these three societies. This will increase the income of farmers.

    Shri Muralidhar Mohol said that the Ministry of Cooperation has created the world’s largest food storage scheme for farmers. The work of food storage scheme has started through PACSs. This will reduce transportation costs, protect the crop and farmers will get storage facilities at a place near them and they will also get financial benefits. He said that in 2013-14, only Rs 5300 crore was given to the cooperative institutions of the country through National Cooperative Development Corporation (NCDC), which the Modi government increased to Rs 1 lakh 28 thousand crores. This year NCDC has given financial assistance of about Rs 10 thousand crore to the sugar mills of the country.

    Union Minister of State for Cooperation said that an institutional system is necessary to bring dynamism in the cooperative sector and its expansion. The university has been established for this purpose. He said that many cooperatives have challenges like lack of efficiency, irregularities in management and limited use of technical resources, which affect their performance. Through this university, the scope and effectiveness of the cooperative sector will definitely increase, which will also create new opportunities for self-employment and innovation.

    Shri Muralidhar Mohol said that today there is a need for proper training for efficiency and discipline at all levels, from the secretary of PACS to the MD of Apex Bank. According to an estimate, the cooperative sector will need about 17 lakh trained youth in the next five years. In view of this need, the initiative to establish a university has been taken. He said that at present the system of teaching and training in the cooperative sector is not adequate and it is also scattered. Keeping this in mind, under the leadership of Prime Minister Shri Narendra Modi and the guidance of Home and Cooperative Minister Shri Amit Shah, it was decided to establish Tribhuvan Sahkari University. This university will fulfill the need of trained human resources in the cooperative sector and develop cooperative spirit in the youth of the country and inspire them to make a career in this field.

     

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  • MIL-OSI Asia-Pac: India Achieves Historic Milestone in Renewable Energy Capacity Addition in FY 2024-25

    Source: Government of India

    India Achieves Historic Milestone in Renewable Energy Capacity Addition in FY 2024-25

    25 GW of Renewable Energy Added in FY 2024-25, Marking a 35% Increase Over Previous Year

    Posted On: 01 APR 2025 8:20PM by PIB Delhi

    The Ministry of New and Renewable Energy (MNRE) achieved historic milestone in the renewable energy sector for the financial year 2024-25. Under the leadership of Prime Minister Shri Narendra Modi, the country has added an unprecedented 25 GW of renewable energy capacity, marking an increase of nearly 35% over the previous year’s addition of 18.57 GW.

    Solar Sector Drives Renewable Surge

    India’s solar power sector led the renewable energy growth, with capacity additions soaring from 15 GW in FY24 to nearly 21 GW in FY25, a remarkable 38% increase. The country also achieved the significant milestone of surpassing 100 GW of installed solar capacity this year.

    Domestic Solar Manufacturing Scales New Heights

    In a strong push towards Atmanirbharta, India’s solar module manufacturing capacity nearly doubled from 38 GW in March 2024 to 74 GW in March 2025, while solar PV cell manufacturing capacity tripled from 9 GW to 25 GW. Additionally, the country’s first ingot-wafer manufacturing facility (2 GW) commenced production in FY25. Under the Production Linked Incentive (PLI) Scheme for High-Efficiency Solar PV Modules, investments worth ₹41,000 crore have been made, generating direct employment for approximately 11,650 people.

    PM Surya Ghar Muft Bijli Yojana Sees Widespread Impact

    The PM Surya Ghar Muft Bijli Yojana witnessed impressive progress, benefiting over 11.01 lakh households by March 31, 2025. Under the scheme, ₹5,437.20 crore has been disbursed as Central Financial Assistance to 6.98 lakh beneficiaries, significantly promoting the adoption of rooftop solar.

    Green Hydrogen Sector Gains Momentum

    India’s Green Hydrogen sector also saw significant developments. Incentives worth ₹2,220 crore were awarded for 1,500 MW per annum of electrolyser manufacturing, while an additional ₹2,239 crore was allocated for 4,50,000 tons-per-annum (TPA) of Green Hydrogen production. Under the National Green Hydrogen Mission, seven pilot projects were funded with ₹454 crore for decarbonizing the steel sector. Additionally, five pilot projects in the transport sector, with ₹208 crore in funding, will introduce 37 hydrogen-fueled vehicles and nine hydrogen refueling stations.

    Record Progress Under PM-KUSUM Scheme

    The PM KUSUM Scheme witnessed record progress. In Component B, 4.4 lakh pumps were installed in FY25, a 4.2-fold increase over the previous year. In Component C, 2.6 lakh pumps were solarized, 25 times more than in FY24. The total number of solar pumps installed/solarized under the scheme has now exceeded 10 lakh. Financial expenditure for PM-KUSUM surged to ₹2,680 crore, a 268% increase from the previous year.

    The Indian Renewable Energy Development Agency (IREDA) continues to play a crucial role in financing clean energy projects. In FY25, IREDA recorded a 27% increase in loan sanctions, reaching ₹47,453 crore, while loan disbursements rose by 20% to ₹30,168 crore.

    Union Minister of New and Renewable Energy, Shri Prahlad Joshi, said, “India may have already become or will soon become the third-largest renewable energy capacity holder in the world. This milestone is a testament to Prime Minister Modi’s vision for a sustainable and self-reliant energy future.”

    These remarkable achievements reaffirm India’s commitment to its clean energy transition and its leadership in the global renewable energy sector.

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  • MIL-OSI Asia-Pac: Building Bharat

    Source: Government of India

    Building Bharat

    Powering Infrastructure Through Make in India

    Posted On: 01 APR 2025 8:13PM by PIB Delhi

    Introduction

    India’s infrastructure landscape is undergoing a monumental shift, driven by the Make in India initiative as a catalyst for growth and development. Recognising that world-class infrastructure is the backbone of economic progress, the government has launched a series of transformative projects to strengthen transportation, logistics, and urban facilities. The Bharatmala Pariyojana is enhancing road connectivity with expressways and economic corridors, while the Sagarmala Programme is revolutionising port-led development. The Smart Cities Mission is reimagining urban centres with modern amenities and digital integration, and PM Gati Shakti is streamlining multimodal connectivity for seamless movement of goods and people. These initiatives are laying the foundation for a more efficient, interconnected, and sustainable India.

    The scale of this ambition is matched by remarkable achievements that showcase India’s engineering prowess and determination. Iconic projects like the Atal Tunnel, the world’s longest highway tunnel, and the Chenab Bridge, the world’s highest railway bridge, stand as testaments to the nation’s capabilities. Meanwhile, the Statue of Unity, the world’s tallest statue, and the Zojila Tunnel, Asia’s longest, highlight India’s commitment to blending innovation with resilience. The expansion of dedicated freight corridors, modern airports, and renewable energy grids further reinforces the nation’s commitment to building a resilient and future-ready economy. By aligning infrastructure growth with industrial expansion, the Make in India initiative is not just transforming physical landscapes but also unlocking new opportunities for investment, employment, and innovation.

    Economic Acceleration

    India’s economic acceleration is being driven by strategic infrastructure initiatives, with Make in India at the core of strengthening domestic manufacturing and industrial growth. The National Industrial Corridor Development Programme (NICDP) is creating world-class manufacturing hubs, while PM Gati Shakti enhances multimodal connectivity through data-driven planning. These initiatives are fostering seamless logistics, boosting competitiveness, and positioning India as a global economic powerhouse.

    National Industrial Corridor Development Programme (NICDP)

    The National Industrial Corridor Development Programme (NICDP) is a transformative initiative launched to develop world-class industrial infrastructure and promote planned urbanisation across India. By integrating smart technologies and multi-modal connectivity, the programme aims to create globally competitive manufacturing hubs while fostering economic growth and employment opportunities. These industrial corridors are being developed in collaboration with State Governments to ensure efficient planning and execution.

    Key developments:

     

    • In August 2024, the Cabinet Committee on Economic Affairs approved 12 new industrial areas across 10 states under NICDP with an investment of ₹28,602 crore.

     

    • These industrial nodes, planned along six major corridors, will strengthen India’s manufacturing ecosystem and boost its global competitiveness.

     

    PM Gati Shakti

    Launched in 2021, PM Gati Shakti – National Master Plan for Multimodal Connectivity strengthens the vision of Make in India by ensuring world-class infrastructure to support manufacturing and economic growth. This digital platform enhances coordination across 16 ministries, including Railways and Roadways, integrating geospatial mapping and data-driven decision-making to optimise logistics and reduce project delays. By streamlining connectivity, it bolsters industrial corridors, facilitates efficient supply chains, and attracts investments in key sectors. All projects exceeding ₹500 crore are assessed by the Network Planning Group (NPG) to ensure seamless execution.

    As of March 13, 2025, 115 National Highway and road projects covering approximately 13,500 km, with an investment of ₹6.38 lakh crore, have been evaluated under the initiative, leading to more efficient infrastructure development.

    Road and Maritime Connectivity

    Strengthening India’s road and maritime infrastructure is central to the Make in India vision, ensuring seamless connectivity for industries and boosting economic growth. Strategic initiatives like Bharatmala and Sagarmala are enhancing freight movement, improving logistics efficiency, and modernising transport networks to support India’s manufacturing and trade ambitions.

    Bharatmala Pariyojana

    Bharatmala Pariyojana is advancing India’s infrastructure by addressing critical gaps through the development of economic corridors, expressways, and connectivity roads. Aligned with the Make in India vision, the programme focuses on improving logistics efficiency, fostering industrial growth with enhanced connectivity to key hubs, and ensuring safer, more reliable transportation networks. This initiative not only boosts economic growth but also supports indigenous manufacturing and infrastructure development, making India more self-reliant in its transportation and logistics sector. Since its approval in 2017, the initiative has made significant progress:

     

    • As on February 28, 2025, 26,425 km of projects awarded under the planned 34,800 km, with 19,826 km already constructed. The total Expenditure incurred under Bharatmala Pariyojana amounts to Rs. 4,92,562 crore.

     

    • Till February 2025, 6,669 km of high-speed greenfield corridors awarded, of which 4,610 km have been completed.

     

    National Highway Network

    India’s National Highway network has undergone a remarkable transformation over the past decade, driven by higher budget allocations and accelerated construction. The network has expanded from 91,287 km in 2014 to 1,46,145 km in 2024, marking a 60% increase. This expansion has significantly improved connectivity, reduced travel time, and boosted economic activities across the country.

     

     

    Sagarmala

    Launched in 2015, the Sagarmala Programme aligns with India’s Make in India vision by focusing on port-led development to harness the potential of the country’s extensive coastline and navigable waterways. The programme aims to enhance India’s manufacturing and export capabilities by reducing logistics costs for both domestic and international trade. It focuses on improving port infrastructure, connectivity, and the creation of coastal economic zones, which support the growth of the manufacturing sector. Additionally, initiatives like Ro-Pax ferry services, cruise terminals, and skill development for coastal communities contribute to the development of a self-reliant maritime ecosystem, further supporting India’s vision of becoming a global manufacturing hub.

     

    Since its approval, the initiative has made significant progress:

     

    • As of March 19, 2025, 839 projects worth ₹5.79 lakh crores identified under Sagarmala, with 272 projects completed, investing ₹1.41 lakh crore.

     

    • Enhanced port connectivity and coastal infrastructure to strengthen maritime trade efficiency.

    Rail Infrastructure

    India’s rail infrastructure has seen significant advancements, strengthening connectivity, security, and urban mobility. Flagship initiatives such as Vande Bharat trains and metro rail expansion are enhancing passenger experience, modernising transit hubs, and ensuring seamless travel. With a strong push under Make in India vision, the railway network’s expansion, underscores the commitment to inclusive growth and efficient transportation.

    Vande Bharat Trains

    Launched in 2019, Vande Bharat trains exemplify the Make in India vision, showcasing the nation’s engineering capabilities in railway modernisation. As the first-ever indigenously designed and manufactured semi-high-speed trains, they feature modern coaches, advanced safety features, and enhanced passenger amenities. Equipped with automatic plug doors, ergonomic reclining seats, and individual mobile charging sockets, these trains ensure a premium travel experience. Operating on medium and short-distance routes, they improve connectivity while significantly reducing travel time.

    Indian Railways is also set to transform long-distance travel with the Vande Bharat Sleeper Train Set. The first 16-car set, manufactured by Integral Coach Factory, Chennai, completed successful trials on the Mumbai-Ahmedabad route on 15th January 2025, covering 540 kilometers. Following its completion on 17th December 2024, the train was tested in the Kota division at speeds of 180 km per hour, ensuring comfort and high performance for long-distance journeys.

    Since its introduction, the initiative has made significant progress:

     

    • 136 Vande Bharat trains are running across India as of March 18, 2025, offering world-class travel experiences.

     

    • Varied operational schedules include 122 services running six days a week, 2 services four days a week, 8 tri-weekly, and 4 weekly services.

     

    Amrit Bharat Station Scheme

    The Amrit Bharat Station Scheme is a long-term initiative to modernise railway stations across India, enhancing passenger amenities, multimodal connectivity, and overall infrastructure. With a focus on continuous development, the scheme aims to transform stations into modern transit hubs. As of March 12, 2025, 1,337 stations have been identified for upgradation, ensuring improved accessibility, better facilities, and a seamless travel experience.

    Metro Rail Expansion

    India’s Metro Rail system has been instrumental in transforming urban transportation, offering a fast, reliable, and eco-friendly alternative to traditional commuting methods. The network’s expansion gained momentum with increased government focus, ensuring seamless connectivity in major cities. Since 2014, metro systems have rapidly grown, alleviating congestion and enhancing urban mobility. Notably, BEML Limited, a ‘Schedule A’ Company under the Ministry of Defence, has played a key role in manufacturing metro coaches. As of May 2024, BEML has supplied over 2,000 metro coaches to various metro corporations, including those in Delhi, Jaipur, Kolkata, Bangalore, and Mumbai.

    In addition to metro networks, India has also made significant strides with the introduction of the Regional Rapid Transit System (RRTS). The Namo Bharat trains operating on the Delhi-Meerut RRTS corridor are a prime example of India’s commitment to modernising mass transit systems, offering faster and more efficient travel across regions.

    Since its launch, the initiative has made significant progress:

     

    • The metro network has expanded from 248 km in 2014 to 1,011 km by March 2025, covering over 20 cities.

     

    • India’s first Namo Bharat train, operating on the Delhi-Meerut RRTS corridor, enhances regional connectivity with state-of-the-art infrastructure.

    Civil Aviation

    India’s aviation sector has witnessed unprecedented growth, driven by rising demand and proactive government policies aimed at strengthening air connectivity. This rapid expansion has positioned India as the third-largest domestic aviation market globally. The government’s focus on regional connectivity and infrastructure development has ensured improved accessibility, fostering economic growth and mobility across the country.

     

    Since its push for expansion, the sector has achieved notable milestones:

    • The number of operational airports increased from 74 in 2014 to 159 by March 2025, enhancing regional connectivity.

     

    • On November 17, 2024, domestic air passenger traffic surpassed 5 lakh in a single day, setting a new record.

     

    • The number of Flying Training Organisations (FTOs) grew from 29 in June 2016 to 38 with 57 bases by December 2024, strengthening pilot training capacity.

     

    Conclusion

    India’s infrastructure and construction sectors have been pivotal in driving the Make in India initiative, creating the backbone for industrial growth and economic expansion. Landmark projects in road, rail, maritime, aviation, and urban development have not only improved connectivity and logistics but also enhanced the quality of life across rural and urban areas. The expansion of national highways, metro networks, and modern rail services, alongside transformative schemes like PM Gati Shakti and Smart Cities Mission, underscores the country’s commitment to sustainable growth. With continued investments in infrastructure and technological innovation, India is poised to unlock new opportunities for industries, boost employment, and accelerate economic progress, solidifying its position as a global manufacturing and logistics hub.

    Make in India (Infrastructure)/ Explainer/ 06

    References:

    Kinldy find the pdf file 

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  • MIL-OSI Asia-Pac: The Ministry of Heavy Industries (MHI) has successfully achieved sales of more than one million of EVs in this Financial Year 2024-25

    Source: Government of India

    Posted On: 01 APR 2025 8:05PM by PIB Delhi

    This achievement marks a significant stride towards cleaner, greener, and more sustainable mobility, aligning with Hon’ble Prime Minister Shri Narendra Modi’s vision of Net Zero by 2070 and Aatmanirbhar Bharat.

    India’s e-mobility sector is gaining momentum, driven by government initiatives, technological advancements, and environmental concerns.

    Overall, India’s e-mobility sector is poised for significant growth, driven by supportive policies. The growth story of electric mobility is visible by numbers below:

    In the Financial Year 2024-25, a total of 11,49,334 electric two-wheelers (e-2W) were sold, reflecting a 21% increase compared to 9,48,561 units sold in FY 2023-24. Similarly, the sales of electric three-wheelers e-3W (L5) reached 1,59,235 units in FY 2024-25, marking a 57% growth over the 1,01,581 units sold in the previous financial year.

    The Ministry of Heavy Industries (MHI) has notified ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme’ on 29.09.2024 to provide impetus to the green mobility & development of electric vehicle (EV) manufacturing eco-system in the country. The scheme has an outlay of Rs.10,900 crore over a period of two years upto 31.03.2026. The Electric Mobility Promotion Scheme (EMPS) 2024 implemented by MHI for the period of six months from 01.04.2024 to 30.09.2024, is subsumed in PM E-DRIVE scheme.

    Under the PM E-DRIVE scheme in FY 2024-25, 10,10,101 nos of e-2W, 1,22,982 nos of e-3W(L5) have been registered in VAHAN portal. Sales of more than one million of EVs have taken place in this FY 2024-25.

    Union Minister for Heavy Industries & Steel, Shri H.D. Kumaraswamy, lauded this achievement and stated:

    “Under the visionary leadership of Hon’ble Prime Minister Shri Narendra Modi avaru, India is driving the global transition to sustainable mobility. The achievement of over 1 million EVs sales is a testament to the success of MHI’s flagship schemes, including FAME, EMPS, and PM E-DRIVE. This milestone reaffirms our commitment to building a cleaner, greener, and self-reliant India.”

    The PM E-DRIVE Scheme, spearheaded by MHI, has played a pivotal role in accelerating electric vehicle adoption by offering financial incentives, promoting indigenous manufacturing, and strengthening the EV ecosystem. The scheme’s impact Data till 31st March 2025 is reflected in the following key environmental benefits:

    • Fuel saving per day: 8,55,723 litres
    • Total fuel saved: 15,77,33,334 litres
    • CO2 reduction per day: 12,48,100 kg
    • Total CO2 reduction: 23,01,73,978 kg

    This initiative by the Government of India is set to address critical challenges related to environmental pollution and fuel security while advancing sustainable transportation solutions. Through the promotion of electric vehicles (EVs) and supporting infrastructure, the scheme is expected to catalyse significant investment in the EV sector and its supply chain. Furthermore, it will generate substantial employment opportunities across the value chain, including jobs in manufacturing and charging infrastructure setup. Overall, this scheme represents a crucial step toward a cleaner, more sustainable future for transportation in India.

    The Production Linked Incentive (PLI) Auto Scheme is transforming India’s automotive sector by driving sustainable and advanced manufacturing. Under this initiative, 18 Original Equipment Manufacturers (OEMs) have applied, playing a crucial role in accelerating the electric mobility revolution and strengthening the nation’s journey towards a self-reliant and future-ready automotive ecosystem.

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  • MIL-OSI Asia-Pac: Threads of Progress

    Source: Government of India

    Threads of Progress

    How Make in India is Shaping the Future of Textiles and Apparel Industry

    Posted On: 01 APR 2025 7:46PM by PIB Delhi

    Introduction

    The Make in India initiative, launched in 2014, has played a crucial role in positioning India as a global textile manufacturing and export hub. The textile and apparel industry is one of the largest contributors to India’s economy, providing employment to millions and generating substantial foreign exchange earnings. With strong policy support, infrastructure development, and a skilled workforce, India has emerged as a preferred investment destination in the global textile sector.

     

    Overview of India’s Textile Industry

    The textile and apparel industry contributes 2.3% to our GDP, 13% to industrial production, and 12% to exports. India exported textile items worth US$ 34.4 billion in 2023-24, with apparel constituting 42% of the export basket, followed by raw materials/semi-finished materials at 34% and finished non-apparel goods at 30%. It is also the second largest employment generators, after agriculture, with over 45 million people employed directly, including many women and the rural population. As further evidence of the inclusive nature of this industry, nearly 80% of its capacity is spread across Micro, Small and Medium Enterprises (MSME) clusters in the country.

    The sector also has perfect alignment with the Government’s overall objectives of Make in India, Skill India, Women’s Empowerment, Rural Youth Employment and inclusive growth. The industry produces about 22,000 million pieces of garments per year, with the market size projected to reach US$ 350 billion by 2030, from the current $174 billion.

    Recently, the Ministry of Textiles reported a 7% increase in textile and apparel exports, including handicrafts, from April to December 2024, compared to the same period the previous year. In line with the growth roadmap, the Indian textile market currently ranks fifth globally, and the government is actively working to accelerate this growth to a rate of 15-20% over the next five years.

     

    Impact of ‘Make in India’ on the Textile Industry

    The Make in India initiative has catalyzed textile manufacturing and exports through key policy interventions, enhanced infrastructure, and incentives. In the Union Budget 2024-25, to promote domestic textile production, two more types of shuttle-less looms are added to fully exempted textile machinery by the government. The government has introduced multiple schemes to enhance textile production, boost investments, and promote exports, including:

    1. Production Linked Incentive (PLI) Scheme for Textiles
    • Objective: To increase manufacturing in man-made fibre (MMF) and technical textiles.
    • Budget: ₹10,683 crore.
    • Incentives: Financial incentives for large-scale textile manufacturers.

     

    1. PM MITRA (Mega Integrated Textile Region and Apparel) Parks
    • Objective: To develop world-class industrial infrastructure for textile manufacturing.
    • Focus: On developing integrated large scale and modern industrial infrastructure facility for total value-chain of the textile industry like spinning, weaving, processing, garmenting, textile manufacturing, processing & textile machinery industry.
    • Budget: ₹4,445 crore for a period 2021-22 to 2027-28.
    • Key Benefits: Reduced logistics costs, increased FDI, and better competitiveness in global markets.
    • Current Status: A total of 7 Parks established in states of Gujarat, Maharashtra, Madhya Pradesh, Tamil Nadu, Karnataka, Uttar Pradesh, and Telangana.

     

    1. Amended Technology Upgradation Fund Scheme (ATUFS)
    • Objective: To incentivise credit flow for benchmark credit linked technology upgradation in this MSME driven Textile Industry for supporting capital investment.
    • Budget: ₹17,822 crore.
    • Incentives: Capital subsidies for technology upgradation.

     

    1. Samarth (Scheme for Capacity Building in Textile Sector)
    • Objective: To provide skill training to workers in the textile industry, in partnership with the Ministry of Skill Development & Entrepreneurship.
    • Budget Allocation: An amount of ₹115 crores was sanctioned during the FY 2023-24, out of which ₹114.99 crores (99.9%) were disbursed.
    • Current Status: As of March 27, 2025, more than 4.78 lakh users have been registered on the Samarth portal. As on March 19, 2025, a total of 3.82 lakh beneficiaries have been trained (passed) and 2.97 lakh beneficiaries (77.74%) have been placed.

     

    1. Textile Cluster Development Scheme (TCDS)
    • Objective: To create an integrated workspace and linkages-based ecosystem for existing as well as potential textile units/clusters to make them operationally and financially viable.
    • Benefits: Cluster development model of TCDS will bring benefits of critical mass for customization of interventions, economies of scale in operation, competitiveness in manufacturing, cost efficient, better access to technology and information, etc.
    • Budget: ₹853 crore.
    • Current Status: As of March 18, 2025, about 1.22 lakh employment opportunities have been generated under the scheme. During 2024-25, ₹34.48 crore have been released.

     

    1. National Technical Textiles Mission (NTTM)
    • Objective: To boost Technical Textiles in the country.
    • Target Years: 2020-21 to 2025-26
    • Budget: ₹1480 crore
    • Focus: The Mission focuses on (i) research, innovation and development, (ii) promotion and market development (iii) education and skilling and (iv) export promotion in technical textiles to position country as global leader in technical textiles.
    • Current Status: As on January 1, 2025, 168 projects of value ₹509 crores (approx.) have been approved in the category of Specialty fibres and Technical Textiles.

     

    Union Budget Allocations for Ministry of Textiles

    The Union Budget announced an outlay of ₹5272 crores for the Ministry of Textiles for 2025-26. This is an increase of 19% over budget estimates of 2024-25 (Rs. 4417.03 crore).

     

    Key Highlights

    • Cotton Mission: A five-year plan to improve cotton productivity, especially extra-long staple varieties, with science and technology support.
    • Tax Exemptions on Looms: Duty removed on select shuttle-less looms to reduce costs and modernize weaving.
    • Customs Duty on Knitted Fabrics: Increased from “10% or 20%” to “20% or ₹115 per kg, whichever is higher” to curb cheap imports.
    • Handicraft Exports: Time for export extended from six months to one year, with more items eligible for duty-free input imports.
    • MSME Boost: Focus on exports, credit enhancement, and policies like the National Manufacturing Mission, Export Promotion Mission, Bharat Trade Net, and Fund of Funds to promote employment and entrepreneurship.

     

    These measures aim to boost domestic manufacturing, support MSMEs, modernize the textile sector, and enhance India’s global competitiveness.

     

    Export Growth and Market Expansion

    India is the 6th largest exporter of Textiles & Apparel in the world. The share of textile and apparel (T&A) including handicrafts in India’s total exports stands at a significant 8.21% in 2023-24. India has a share of 3.91% of the global trade in textiles and apparel. Major textile and apparel export destinations for India are USA and EU and with around 47% share in total textile and apparel exports.  The textile and apparel sector has witnessed significant export growth due to government incentives and trade agreements.

    The government has taken several steps to enhance exports in textiles and apparels, including:

    • Rebate of State and Central Taxes and Levies (RoSCTL): On 7th March 2019, Government approved Rebate of State and Central Taxes and Levies (RoSCTL) Scheme to rebate all embedded State and Central taxes/levies on export of Apparel/Garments and Made-ups to provide support and enhance competitiveness of these sectors.
    • Production Linked Incentive (PLI) Scheme for Textiles: Under this scheme, as per the Quarterly Review Reports (QRRs) released on 31.03.2024, the turnover achieved was Rs. 1,355 crore including export of Rs.166 crore.
    • Free Trade Agreements: India has so far signed 14 Free Trade Agreements (FTAs) including recently concluded agreement with United Arab Emirates (UAE), Australia and TEPA (Trade and Economic Partnership Agreement) with EFTA (European Free Trade Association) countries comprising Switzerland, Iceland, Norway & Liechtenstein. India has 6 Preferential Trade Agreements (PTAs) with various trading partners. India is presently engaged in FTA negotiations with some of its trading partners notable among these FTAs are India-UK Free Trade Agreement, India- EU Free Trade Agreement, and India-Oman FTA.
    • Quality Control Orders: The Ministry has actively taken up notification of standards for textile products in co-ordination with Bureau of Indian Standards and Quality Control Orders (QCOs) are issued to regulate quality and curb sub-standard imports.
    • Textile Advisory Group on Man-Made Fibre (MMF): The Ministry has constituted a “Textile Advisory Group on Man-made Fibre (MMF)” comprising stakeholders of the country’s entire Man-Made Fibre (MMF) including viscose to deliberate and make recommendations on the issues and concerns of the sector.
    • Exports Promotion Councils (EPCs): There are eleven Exports Promotion Councils (EPCs) representing various segments of the textiles & apparel value chain from Fibre to finished goods as well as traditional sectors like handloom, handicrafts and carpets.  These Councils work in close cooperation with the Ministry of Textiles and other Ministries to promote the growth and export of their respective sectors in global markets. 

     

    FDI in Textile and Apparel Industry

     

     

    Foreign Direct Investment (FDI) plays a role in the Indian textile and apparel sector. From January 2000 to March 2024, the textile sector received US$ 4,472.79 million (₹28,304.10 crore) in FDI equity. FDI in textile sector over the years can be traced in the graph below:

    BHARAT TEX 2024

    Bharat Tex 2024, a global textile expo was successfully organized during February 26 to February 29, 2024 by the consortium of 11 Textiles Export Promotion Councils with the support of Ministry of Textiles. Built on the twin pillars of trade and investment and with an overarching focus on sustainability, the 4-day event attracted besides policymakers and global CEOs, 3,500 Exhibitors, 3,000 Buyers from 111 Countries and over one lakh trade visitors. An exhibition spread across nearly 2 million sq ft of area and encompassing the entire textile value chain, including an artistically curated story of textiles- Vastra Katha were the highlights of the event. The event was hosted simultaneously at two state of the art venues in Delhi – Bharat Mandapam and Yashobhoomi with both venues fully subscribed.

    This global scale conference with 70 sessions and 112 international speakers saw engaging discussions on key textile issues of the day including Textile Mega Trends, Sustainability, resilient global supply chains and Manufacturing 4.0.

     

    BHARAT TEX 2025

    Bharat Tex 2025, India’s largest global textile event, was successfully organized from February 14 to 17, 2025, at Bharat Mandapam, New Delhi. The event spanned 2.2 million square feet and featured over 5,000 exhibitors, providing a comprehensive showcase of India’s textile ecosystem. More than 1,20,000 trade visitors, from 120+ countries including global CEOs, policymakers, and industry leaders, attended the event.

    Bharat Tex 2025 served as a platform to accelerate the government’s “Farm to Fibre, Fabric, Fashion, and Foreign Markets” vision. India’s textile exports have already reached ₹3 lakh crore, and the goal is to triple this to ₹9 lakh crore by 2030 by strengthening domestic manufacturing and expanding global reach. The event demonstrated India’s leadership in the textile sector and its commitment to innovation, sustainability, and global collaboration.

     

    Innovation in Textile Sector

    As far as innovation in textiles sector is concerned, Ministry of Textiles has conducted an Innovation Challenges in collaboration with Startup India & DPIIT. In this challenge, 9 winners were recognised and awarded, while incubation opportunities were presented to 6 awardees under the Atal Innovation Mission (AIM). Apart from this, 3 separate innovations challenges were conducted by nature fibre boards on their respective problem statements i.e. 

    • NJB Technological Innovation Grand Challenge in which 3 winners were recognised and awarded out of 125 applicants.
    • CSB Start-up Grand Challenge in which 4 winners were recognised and awarded out of             58 applicants.
    • CWDB Wool Innovation Challenge in which 3 winners were recognised and awarded out of     24 applicants.
    • 17 of the total above-mentioned winners are directly engaging in activities such as textile waste recycling, biobased fibres or sustainable garment production

     

    Cotton Industry in India

    Cotton is a vital commercial crop in India, contributing about 24% to global cotton production and sustaining the livelihoods of millions of farmers and workers. It plays a crucial role in India’s foreign exchange earnings through exports of raw cotton, intermediate products, and finished goods. India holds the largest cotton acreage in the world.

    • Acreage and Yield: India has the largest cotton acreage globally; ranks 36th in productivity.
    • Production and Consumption: India is the 2nd largest producer and consumer of cotton in the world.
    • Cotton Species: India grows all four species of cotton: G. Arboreum, G. Herbaceum (Asian cotton), G. Barbadense (Egyptian cotton) and G. Hirsutum (American Upland cotton).
    • Major Growing Zones: Cotton is primarily grown in the Northern, Central, and Southern zones of India.

     

    Production and Consumption of Cotton (in lakh bales)

    Cotton Year

    Production

    Consumption

    2021-22

    311.17

    322.41

    2022-23

    336.60

    313.63

    2023-24 (P)

    325.22

    323.00

     

    Import and Export of Cotton (in lakh bales)

    Cotton Season

    Import (in lakh bales)

    Export (in lakh bales)

    2021-22

    21.13

    42.25

    2022-23

    14.60

    15.89

    2023-24*

    6.73

    26.24

    * Position up to 30.06.2024

     

    Government Schemes and Initiatives:

    • Minimum Support Price (MSP) Operations to ensure remunerative prices to cotton farmers.
    • “Cott-Ally” mobile app for cotton farmers.
    • Aadhar-based farmer registration for MSP benefits.
    • E-auction for transparent sale of cotton stock.
    • QR code using Block Chain Technology for traceability of cotton.
    • Kasturi Cotton Bharat programme for branding Indian Cotton.

     

    Silk Industry in India

    Silk is an insect fibre known for its lustre, drape, and strength. It is called the “Queen of Textiles” worldwide. India has a long history with silk and is the second largest producer and the largest consumer of silk in the world. India is unique in producing all four commercial varieties of silk: Mulberry, Tropical & Oak Tasar, Muga, and Eri. The Indian sericulture industry is important because it provides a lot of employment, requires low capital, and gives good income to silk growers. India produced 38,913 MT of silk, making it the second largest producer globally, after China.

     

    Years

    Mulberry

    Tasar

    Eri

    Muga

    Total

    2004-05

    14,620

    322

    1,448

    110

    16,500

    2014-15

    21,390

    2,434

    4,726

    158

    28,708

    2020-21

    23,896

    2,689

    6,946

    239

    33,770

    2021-22

    25,818

    1,466

    7,364

    255

    34,903

    2022-23

    27,654

    1,318

    7,349

    261

    36,582

    2023-24

    29,892

    1,586

    7,183

    252

    38,913

    2024-25 (April-September)

    14,233

    106

    3,924

    92

    18,355

    Source: Central Silk Board, Bengaluru

     

    The Indian government supports the silk industry through various initiatives and schemes:

    • The Central Silk Board (CSB) is a statutory body under the Ministry of Textiles that was established in 1948 to develop the silk industry.
    • The Ministry of Textiles is implementing the Scheduled Caste Sub Plan (SCSP) and Tribal Sub Plan (TSP) under the Silk Samagra Scheme.
    • In 2023-24, the Ministry of Textiles, Government of India, allocated ₹25 crore for the implementation of the SCSP for sericulture. The entire funds allocated under SCSP were fully utilized/released for implementation of beneficiary-oriented components.
    • The government is also working on research and development in the silk sector to improve productivity and quality. This includes promoting soil testing, organic farming, and the use of silkworm by-products. They are also upgrading reeling technology and promoting indigenous automatic reeling machines to boost the Make in India program.
    • The industry also focuses on product design development and diversification to promote Indian silks and help manufacturers and exporters create innovative designs and fabrics.

     

    Jute Industry in India

    The jute industry is a major player in India’s economy, particularly in the eastern regions like West Bengal. It’s a vital source of employment, providing livelihoods for workers in organized mills and diversified units, and supporting numerous farm families. The Indian government actively supports the jute sector through various initiatives aimed at improving productivity, ensuring fair prices for farmers, and promoting the use of jute products.

    • The jute industry provides direct employment to 4 lakh workers in organized mills and diversified units, including the tertiary sector and allied activities.
    • It supports the livelihood of 40 lakh farm families.
    • As per the Office of Jute Commissioner, there are 116 composite jute mills.
    • West Bengal has the highest number of jute mills (86).
    • Government of India provides support to the jute growers through MSP operations by the Jute Corporation of India and also through direct purchase of jute sacking.
    • Average land area under raw jute & mesta cultivation is 799 thousand hectares (average of last four years).
    • Average production of raw jute & mesta is 10,990 thousand bales (average of last four years).
    • Average export of jute goods is 133 thousand MT per annum with a value of Rs. 21,150 million per annum (average of last four years).
    • Jute – ICARE has been launched for improving fibre quality and productivity, reducing the cost of jute production, and increasing the income of jute farmers.
    • The schemes for the promotion of the jute sector are primarily implemented by the National Jute Board.

     

    Conclusion

    The Make in India initiative has significantly enhanced India’s position in global textile manufacturing and exports through targeted policies, infrastructure development, and investment promotion. With sustained efforts, India is poised to become a global textile leader, driving economic growth and employment generation.

     

    References

    https://www.texmin.nic.in/textile-data

    https://jutecomm.gov.in/FAQ.html

    https://www.investindia.gov.in/sector/textiles-apparel

    https://pib.gov.in/PressReleasePage.aspx?PRID=2089306

    https://pib.gov.in/PressReleasePage.aspx?PRID=2098352

    https://pib.gov.in/PressReleasePage.aspx?PRID=2099411

    https://pib.gov.in/PressReleasePage.aspx?PRID=2114277

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2104423

    https://www.indiabudget.gov.in/economicsurvey/doc/echapter.pdf

    https://www.texmin.nic.in/sites/default/files/Indian%20Jute%20At%20a%20Glance.pdf

    https://www.texmin.nic.in/sites/default/files/Note%20on%20Cotton%20Sector_0.pdf

    https://sansad.in/getFile/loksabhaquestions/annex/184/AU4118_0othg1.pdf?source=pqals

    https://sansad.in/getFile/loksabhaquestions/annex/184/AS245_n0CCI6.pdf?source=pqals

    https://sansad.in/getFile/loksabhaquestions/annex/184/AU2877_YZdL4e.pdf?source=pqals

    https://sansad.in/getFile/loksabhaquestions/annex/184/AU2873_sOQ5IE.pdf?source=pqals

    https://sansad.in/getFile/loksabhaquestions/annex/184/AS110_T8V4VD.pdf?source=pqals

    https://www.texmin.nic.in/sites/default/files/FDI%20inflow%20at%20a%20glance.pdf

    https://www.texmin.nic.in/sites/default/files/Table-2%20Raw%20Silk%20Production%20Statistics.pdf

    https://texmin.nic.in/sites/default/files/MOT%20Annual%20Report%20English%20%2807.11.2024%29.pdf

    https://www.texmin.nic.in/sites/default/files/FDI%20inflow%20%28Finacial%20year%20wise%29.pdf

    https://ddnews.gov.in/en/india-sets-new-record-with-7-rise-in-textile-exports-government-implements-multiple-schemes-to-boost-sector/

    Threads of Progress

    ***

    Make in India (T&A) | Explainer | 05

    Santosh Kumar | Sheetal Angral | Rishita Aggarwal

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Bharat Coking Coal Limited (BCCL) Sets New Benchmarks in FY 2024-25

    Source: Government of India

    Bharat Coking Coal Limited (BCCL) Sets New Benchmarks in FY 2024-25

    A Year of Historic Achievements and Transformation

    Posted On: 01 APR 2025 9:16PM by PIB Delhi

    Bharat Coking Coal Limited (BCCL), a key subsidiary of Coal India Limited (CIL), has delivered an extraordinary performance in FY 2024-25, achieving unprecedented milestones in coal production, financial success, sustainability, and social responsibility. With record-breaking operational feats, cutting-edge digital innovations, and a bold commitment to clean energy and community welfare, BCCL reaffirms its key position in India’s coal sector.

                                       

    Unmatched Production and Operational Excellence 

    BCCL has rewritten its history with highest-ever coal production in the 4th quarter (11.44 million tonnes) and March 2025 (4.33 million tonnes) since inception. The company also recorded its highest-ever overburden removal (181.30 million cubic meters) and second-highest annual coal production (40.50 million tonnes), despite facing the heaviest rainfall in 50 years (1747 mm). Offtake reached a second-highest-ever 38.25 million tonnes, bolstered by a 6% growth in rail dispatch, even with high coal stocks at powerhouses. Underground coal production surged by an impressive 49% over last year, while 16 new hired patches were identified this year with a capacity of 13.30 million tonnes annually, out of which 7.0 million tonnes were awarded. For the first time, coal production under the Mine Developer and Operator (MDO) mode commenced at NTST-Kujama, Lodna Area, in April 2024. Additionally, grade confirmation through third-party sampling stood at 94%, exceeding the Ministry of Coal’s 90% guideline.

    Financial Achievements

    BCCL paid its maiden dividend of ₹ 44.43 crore to CIL on August 5, 2024. This milestone follows BCCL’s achievement of clearing its accumulated losses. The company achieved its highest-ever scrap sale of ₹ 18.01 crore. BCCL secured an income tax refund of ₹ 104 crores (₹ 63.87 crore principal, and ₹ 40.12 crore interest), and the company also paid the highest income tax of ₹406.00 crores in the last 10 years. BCCL also exceeded its CAPEX target for the fourth consecutive year, achieving ₹ 1,100 crore against ₹ 1,000 crore. At the same time, GeM procurement soared to ₹ 4,155.83 crore (136% of the ₹ 3,060 crore target), including ₹ 68.06 crore for heavy machinery and ₹ 120.47 crore for IT initiatives.

    Washery Innovation and Monetization 

    BCCL’s washeries set new records. Raw coal feed reached 56 lakh tonnes (highest in 25 years, up 15%), and washed coal supply to the steel sector peaked at 17.02 lakh tonnes (highest in 20 years, up 16%). By-product disposal excelled with washery rejects at 8.67 lakh tonnes (up 77%) and washed power coal at 28.95 lakh tonnes (up 5%). Pioneering India’s first ever coal washery monetization, BCCL leased old & idle Dugdha Washery (2.0 MTPA) for ₹ 762 crore over 25 years. Also, RFP issued for monetization of Sudamdih Washery (1.6 MTPA) on March 28, 2025.

    Digital Transformation and Operational Efficiency 

    One of the leading CIL subsidiaries, BCCL, implemented the SAP BG module, saving ₹ 86 lakh in upkeep allowances. Its in-house team developed ground-breaking ERP solutions, including the BPCL DDUs interface, alerts for sensitive posts and long absences, quarter management, integrated HEMM maintenance reports, and equipment transfer tracking. The Integrated Command Control Centre (ICCC) enhances e-security and surveillance, while automated road weighbridges with RFID-based boom barriers streamline operations. Digital pension claims processing achieved 99% PF claim settlements, boosting transparency.

    Sustainability and Net Zero Commitment 

    BCCL advanced its Net Zero goals with 4.088 MWp of rooftop solar power commissioned, work orders for 25 MW at Bhojudih and 20 MW at Dugdha washeries, and a tender for 2 MW more in Central Township. Energy efficiency measures include 100% LED lighting, energy-efficient ACs, 762 super fans, 45 efficient motors, and autotimer switches across its areas. The company strategically moved towards electric vehicles in its official transportation fleet, supported by an EV charging station at Koyla Bhawan, resulting in fuel saving of approximately 2.50 lacs per month as the running cost is less than ₹ 1/Km. In Coal Bed Methane (CBM), Jharia Block-I is under exploration with 5 core holes drilled, while Jharia Block-II’s feasibility report was approved.

    Environmental and Infrastructure Initiatives 

    BCCL planted 22 hectares over the degraded land and established two new eco-parks at Akashkinari (4.5 Ha) and Moonidih (0.9 Ha), adding 4 mechanical sweepers and 16 fog cannons to its fleet during the year. Infrastructure highlights include 21.69 MGD water supply via filter plants, and 8 km of PQC roads completed with 14 km under construction. Two bridges over Katri and Khudia rivers, upgrades to Nehru Complex, Jubilee Hall, and community halls, and hospital enhancements (including a new OPD at Central Hospital Dhanbad) underscore BCCL’s civil achievements.

    Land and Mine Re-Operationalization 

    BCCL paid ₹ 24.80 crore for government land transfers, acquired 14.23 acres of tenancy land for ₹ 25.86 crore, and provided employment to 6 individuals. It shifted 170 encroachers, vacated 2.245 acres, and uploaded 16,381.09 Ha of land data to the PM GatiShakti portal. For discontinued mines, BCCL signed an agreement for Amalabad Colliery to reopen with 6.2 MT production target over 25 years, with a lucrative 4.1% revenue sharing. Mining plans for 3 discontinued mines (ASGKCC, Madhuband & PB project) also approved, driving growth and development.

    Empowering People and Communities 

    BCCL’s CSR expenditure reached ₹ 21.89 crore (117% of the ₹ 18.76 crore target), training of 200 Project Affected Persons (PAPs) in petrochemical engineering (100% placement offered), 75 rural youth at MSME Tool Room, CTTC Kolkata with 100% placement offered, 150 in medical equipment, and 60 in fashion design (42 placed). BCCL installed smart classes & ICT labs in 79 schools in Dhanbad district (₹ 10.69 crore) and piloted STEM education in 5 schools. Welfare efforts included ₹ 66.98 lakh in fee reimbursements, ₹ 9.34 lakh in scholarships for 91 wards, and a harassment-free workplace for women. Medical upgrades featured a new DNB course, ICU expansion (8 to 16 beds), and a modular kitchen. BCCL recruited 77 Jr. Overmen and provided compassionate employment to 564 dependents during the year.

    A Vision for the Future 

    FY 2024-25 marks a transformative year for BCCL, blending record production, financial strength, and sustainable innovation. BCCL is committed to performing as a key player in effectively meeting India’s energy demands while building a brighter, greener future. With the installation of two heavy crushers (750 TPH each) in its Lodna Area, BCCL further strengthens the modern coal processing while corroborating its emphasis on better customer satisfaction and services. 

    BCCL’s stellar performance positions it as a vital player in the coal sector with a commitment to solidifying India’s energy and industry needs with sustainable growth.

     

    ****

     

    Sunil Kumar Tiwari

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: FM launches “NITI NCAER States Economic Forum” Portal

    Source: Government of India

    FM launches “NITI NCAER States Economic Forum” Portal

    Portal developed by NITI in collaboration with NCAER

    Posted On: 01 APR 2025 9:14PM by PIB Delhi

    Finance Minister Ms. Nirmala Sitharaman launched the “NITI NCAER States Economic Forum” portal today in New Delhi. The portal has been developed by NITI Aayog, in collaboration with the National Council of Applied Economic Research (NCAER), which is a comprehensive repository of data on social, economic and fiscal parameters, research reports, papers, and expert commentary on State Finances for a period of about 30 years (i.e 1990-91 to 2022-23). 

    In her keynote address, Ms. Nirmala Sitharaman stated that NITI NCAER States Economic Forum will be beneficial in the availability of authentic data. She observed that the portal will help States to make more meaningful interventions, raising revenues, managing debts and learning from peer experiences. She emphasised the importance of balance in public finances between revenue generation without burdening the people. She said that this forum is a much-needed step in present times which will help in greater engagement with States. 

    Director General of National Council of Applied Economic Research (NCAER), Dr. Poonam Gupta while making a presentation on the portal highlighted the diverse nature of fiscal path of the States. She underlined the need for a portal which has comprehensive data of all States, thereby, providing an opportunity to appreciate the position of other States while making informed policy decisions. 

    CEO, NITI Aayog, Shri BVR Subrahamanyam, in his remarks, emphasised that this forum will not only provide information for public knowledge but will also create awareness and fiscal learning across States. He further opined that this forum will play a pivotal role in human service and a permanent asset for the nation as a whole.

    NITI Aayog, Vice Chairman, Suman K Bery, observed that the NITI NCAER State Economic Forum is a key step in data-driven research, especially on public finances.

     

    ***

    MJPS/SR

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    MIL OSI Asia Pacific News

  • MIL-OSI: Bank OZK Announces Increase to Quarterly Common Stock Dividend and Announces Preferred Stock Dividend

    Source: GlobeNewswire (MIL-OSI)

    LITTLE ROCK, Ark., April 01, 2025 (GLOBE NEWSWIRE) — Bank OZK (the “Bank”) (Nasdaq: OZK) announced its Board of Directors declared a quarterly cash dividend on the Bank’s common stock of $0.43 per share, up $0.01, or 2.38% from the prior quarter. The common stock dividend is payable on April 21, 2025 to shareholders of record as of April 14, 2025. Bank OZK has increased its quarterly cash dividend on its common stock in each of the last fifty-nine quarters.

    The Board of Directors also declared a quarterly cash dividend of $0.28906 per share on the Bank’s 4.625% Series A Non-Cumulative Perpetual Preferred Stock (“Series A Preferred Stock”) (Nasdaq: OZKAP) for the period covering February 15, 2025 through, but excluding May 15, 2025. The Series A Preferred Stock dividend is payable on May 15, 2025, to the holders of record of the Series A Preferred Stock at the close of business on May 1, 2025.

    Bank OZK’s consistent track record of increasing its common stock dividend has led to it being included in the S&P High Yield Dividend Aristocrats® index (Ticker: SPHYDA) since January 2018. The index consists of members of the S&P Composite 1500® that have followed a managed-dividends policy of consistently increasing common stock dividends every year for at least 20 years, and that meet minimum float-adjusted market capitalization and liquidity requirements. For more information on the index, visit www.spglobal.com/spdji.

    GENERAL INFORMATION
    Bank OZK (Nasdaq: OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence. Established in 1903, Bank OZK conducts banking operations in more than 240 offices in nine states including Arkansas, Georgia, Florida, North Carolina, Texas, Tennessee, New York, California and Mississippi and had $38.26 billion in total assets as of December 31, 2024.   For more information, visit www.ozk.com.

    The Bank files annual, quarterly and current reports, proxy materials, and other information required by the Securities Exchange Act of 1934 with the Federal Deposit Insurance Corporation (“FDIC”), copies of which are available electronically at the FDIC’s website at https://efr.fdic.gov/fcxweb/efr/index.html and are also available on the Bank’s investor relations website at ir.ozk.com. To receive automated email alerts for these materials please visit https://ir.ozk.com/other/email-alerts to sign up.

       
    Investor Relations Contact: Jay Staley (501) 906-7842
    Media Contact: Michelle Rossow (501) 906-3922
       

    The MIL Network

  • MIL-OSI: Diamondback Energy, Inc. Announces Closing of Double Eagle Acquisition

    Source: GlobeNewswire (MIL-OSI)

    MIDLAND, Texas, April 01, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has completed its previously announced acquisition of certain subsidiaries of Double Eagle IV Midco, LLC (“Double Eagle”).

    About Diamondback

    Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. For more information, please visit www.diamondbackenergy.com.

    Forward-Looking Statements

    This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, including statements regarding Diamondback’s: future performance; business strategy; future operations (including drilling plans and capital plans); estimates and projections of production, revenues, losses, costs, expenses, returns, cash flow, and financial position; reserve estimates and its ability to replace or increase reserves; anticipated benefits or other effects of strategic transactions (including the pending drop down transaction with Viper Energy, Inc., the Double Eagle Acquisition and other acquisitions or divestitures); and plans and objectives of management (including plans for future cash flow from operations) are forward-looking statements. When used in this news release, the words “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “model,” “outlook,” “plan,” “positioned,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions (including the negative of such terms) as they relate to Diamondback are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Although Diamondback believes that the expectations and assumptions reflected in its forward-looking statements are reasonable as and when made, they involve risks and uncertainties that are difficult to predict and, in many cases, beyond Diamondback’s control. Accordingly, forward-looking statements are not guarantees of future performance and Diamondback’s actual outcomes could differ materially from what Diamondback has expressed in its forward-looking statements.

    Factors that could cause the outcomes to differ materially include (but are not limited to) the following: changes in supply and demand levels for oil, natural gas, and natural gas liquids, and the resulting impact on the price for those commodities; the impact of public health crises, including epidemic or pandemic diseases and any related company or government policies or actions; actions taken by the members of OPEC+ and Russia affecting the production and pricing of oil, as well as other domestic and global political, economic, or diplomatic developments, including any impact of the ongoing war in Ukraine and the Israel-Hamas war on the global energy markets and geopolitical stability; instability in the financial markets; trade wars; inflationary pressures; higher interest rates and their impact on the cost of capital; regional supply and demand factors, including delays, curtailment delays or interruptions of production, or governmental orders, rules or regulations that impose production limits; federal and state legislative and regulatory initiatives relating to hydraulic fracturing, including the effect of existing and future laws and governmental regulations; physical and transition risks relating to climate change; those risks described in Item 1A of Diamondback’s Annual Report on Form 10-K, filed with the SEC on February 26, 2025, and those risks disclosed in its subsequent filings on Forms 10-Q and 8-K, which can be obtained free of charge on the SEC’s website at http://www.sec.gov and Diamondback’s website at www.diamondbackenergy.com/investors.

    In light of these factors, the events anticipated by Diamondback’s forward-looking statements may not occur at the time anticipated or at all. Moreover, Diamondback operates in a very competitive and rapidly changing environment and new risks emerge from time to time. Diamondback cannot predict all risks, nor can it assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those anticipated by any forward-looking statements it may make. Accordingly, you should not place undue reliance on any forward-looking statements. All forward-looking statements speak only as of the date of this news release or, if earlier, as of the date they were made. Diamondback does not intend to, and disclaims any obligation to, update or revise any forward-looking statements unless required by applicable law.                                        

    Investor Contact:
    Adam Lawlis
    +1 432.221.7467
    alawlis@diamondbackenergy.com 

    The MIL Network

  • MIL-OSI USA: King, Pingree Lead Bipartisan, Bicameral Effort to Support Fishing Communities

    US Senate News:

    Source: United States Senator for Maine Angus King
    WASHINGTON, D.C.—U.S. Senator Angus King (I-ME) and Congresswoman Chellie Pingree (D-ME) today introduced bipartisan, bicameral legislation to expand financial support for fishing communities in Maine and across the country. The Fishing Industry Credit Enhancement Act would allow businesses that provide direct assistance to fishing operations—like gear producers or cold storage—to access loans from the Farm Credit System (FCS) that are already offered to service providers for farmers, ranchers and loggers. The FCS is a network of lending institutions that provides credit to the agriculture industry
    Joining King and Pingree in leading the introduction are Senator Lisa Murkowski (R-AK) and Congressman Clay Higgins (R-LA).
    “Maine’s fishing industry is more than just the hardworking folks who catch and harvest our delicious seafood, it is also hundreds of small family businesses that make gear, build and maintain fish freezers, and distribute the state’s iconic produce,” said Senator King. “The Fishing Industry Credit Enhancement Act would allow fishing-support businesses to access the loans of the Farm Credit System like similar small businesses working with livestock and crop farmers. These reliable loans unlock rural economies, and help businesses invest in new expansions. Opening this program to the men and women who put fish on grocery shelves and kitchen plates is a smart way to help them hire more workers, and modernize operations to meet the demands of the 21st century economy.”
    “Fisheries are not only the backbone of Maine’s coastal communities and economy, they are a living, breathing ecosystem of interconnected businesses and generational knowledge—one that too often falls through the cracks of traditional credit systems,” said Congresswoman Pingree, a member of the House Agriculture Committee. “Our coastal communities need strategic, pragmatic policy solutions that acknowledge their economic realities. This bill does precisely that: creating a fair lending environment that mirrors the support we’ve long provided to agricultural sectors. It’s about economic resilience and honoring the profound maritime heritage that defines regions like coastal Maine.”
    “Our fishermen share the same mission as the American agriculture industry: to strengthen national food security with locally sourced, high-quality foods while building our economies,“ said Senator Murkowski. “Whether it’s the Fishing Industry Credit Enhancement Act or amending the Farm Bill, I am actively working to ensure that Alaska’s fishermen and the businesses they rely on can access the same resources available to American farmers and ranchers.”
    “Louisiana is home to a strong generational seafood industry, and our fishermen deserve a level playing field,” said Congressman Higgins. “Our legislation provides greater parity for America’s seafood producers and the supporting industries. We are working to provide the same financial opportunities and loan access that other agricultural commodities are entitled to.”
    “The Maine Lobstermen’s Association (MLA) supports legislation that would allow Farm Credit institutions to lend to fishing-related businesses in the same way they lend to farm-related businesses. This change will increase the options for and availability of credit to businesses supporting the fishing industry in Maine and other coastal states,” said Patrice McCarron, Executive Director of the Maine Lobstermen’s Association. “The economies of Maine’s coastal communities center around commercial fishing and the businesses that support the fishing industry in the same way that many rural communities revolve around farming and businesses supporting farming. Fishing-related businesses deserve the same access to competitive financing.”
    “Senators King and Murkowski are champions for U.S. fishermen, and we appreciate their leadership in introducing the Fishing Industry Credit Enhancement Act. Supporting rural communities is a vital piece of Farm Credit’s mission, and this bill will provide more financing options for our rural coastal communities,” said Farm Credit Council President and CEO Christy Seyfert.  “Businesses providing services directly to the commercial fishing operators are impacted by same the pressures as the U.S. fishing industry. These businesses need access to competitive financing to maintain service to the U.S. fishing industry. We look forward to working with Sens. King and Murkowski to include this commonsense legislation in the upcoming Farm Bill.” 
    The FCS was founded in Congress in 1916 to help farmers who historically struggled to access reliable credit and has since provided almost a million loans totaling more than $373 billion to farmers, ranchers, fishermen, aquatic producers, and more. Borrowers must meet eligibility and creditworthiness requirements. It currently provides more than one-third of the credit used by those who live and work in rural America.

    MIL OSI USA News

  • MIL-OSI USA: Cortez Masto, Cassidy Push for Long-Needed Update to Supplemental Security Income Program

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto
    Washington, D.C. – Today, U.S. Senators Catherine Cortez Masto (D-Nev.) and Bill Cassidy (R-La.), alongside Senate Finance Committee Ranking Member Ron Wyden (D-Ore.), introduced the SSI Savings Penalty Elimination Act to reform the Supplemental Security Income (SSI) program, which has not been updated in 40 years. Currently, the program unfairly punishes lower-income seniors and people with disabilities for saving responsibly for emergencies or their futures. A companion to this bill will be introduced in the House of Representatives by Congressmen Danny K. Davis (D-Ill.) and Brian Fitzpatrick (R-Penn.).
    Right now, individuals with a disability or those aged 65 and older are only eligible for Supplemental Security Income if they have under $2,000 in assets. SSI’s marriage penalty restricts married couples to a total of $3,000 in financial resources to remain eligible. The Senators’ bipartisan, bicameral legislation would update SSI’s asset limits for the first time since the 1980s to allow millions of Americans with disabilities to marry, work, earn, and save money without putting the benefits they rely on to live at risk.
    “A $2,000 rainy-day fund doesn’t go as far as it did in 1989, but that’s all the savings that people who rely on SSI benefits are allowed,” said Senator Cortez Masto. “We shouldn’t punish people who are working hard, saving their money, and planning for the future. Congress must raise the SSI asset limit to help our seniors and Americans with disabilities.”
    “Outdated rules are making disabled Americans pick between a better job and losing their safety net. That’s wrong,” said Dr. Cassidy. “Instead, let’s encourage work, help people save, and lift them out of poverty.”
    “Every year, SSI’s outdated rules prevent Americans from being able to work, save, or marry the one they love,” said Senator Wyden. “This bipartisan bill gives Americans who are trying to make ends meet the chance to live independently without fear of being forced to forfeit an economic lifeline. As the Ranking Member of the Finance Committee, I am committed to making sure SSI is no longer stuck in yesteryear so every American can live with dignity and respect.”
    “I am honored to join with my colleagues to champion the SSI Savings Penalty Elimination Act that would improve the lives of lower-income seniors and people with disabilities,” said Congressman Davis. “This bipartisan, bicameral bill would reform one of the most regressive, anti-savings measures in federal law by updating the outdated asset limits of the Supplemental Security Income program for the first time in almost 40 years. The necessity of this legislation is reflected in its support by over 200 businesses, faith-based groups, and organizations from across the political spectrum.”
    “Raising the SSI asset limits is a smart, long-overdue reform that updates a critical program to reflect today’s economic realities,” said Congressman Fitzpatrick. “For over forty years, outdated restrictions have discouraged work and penalized those who try to save for their future. The SSI Savings Penalty Elimination Act modernizes these limits, ties them to inflation, and ensures that seniors and individuals with disabilities are not forced to choose between earning a paycheck and keeping the benefits they depend on. This bipartisan legislation promotes financial independence and strengthens the integrity of our safety net.”
    A study by JPMorganChase suggests that current asset and income limits on federal benefits for people with disabilities make it harder for them to work a part-time job or save money for an emergency. The SSI Savings Penalty Elimination Act would raise the SSI asset limits to $10,000 for individuals and $20,000 for married couples, and index them to inflation moving forward. The last update to SSI asset limits was passed by Congress in 1984 and went into effect in 1989.
    Additional cosponsors include Senators Susan Collins (R-Maine), Maggie Hassan (D-N.H.), James Lankford (R-Okla.), Patty Murray (D-Wash.), Lisa Murkowski (R-Alaska), Sheldon Whitehouse (D-R.I.), and Rick Scott (R-Fla.).
    The SSI Savings Penalty Elimination Act has the support of more than 200 businesses, faith-based groups, and organizations dedicated to improving the lives of older adults and people with disabilities, including: the AARP, the Autism Society of America, the Aspen Institute Financial Security Program, the Jewish Federations of North America, Microsoft, the National Council on Aging, the National Council on Independent Living, the National Down Syndrome Congress, Justice in Aging, the Arc of the United States, Bipartisan Policy Center (BPC) Action, the National Association of Evangelicals, the United States Conference of Catholic Bishops, and the U.S. Chamber of Commerce.
    Read the full bill here.
    Senator Cortez Masto has continually worked to make sure that Social Security and other government benefits efficiently function for America’s seniors and individuals with disabilities. Last Congress, the Senator helped pass the Social Security Fairness Act, bipartisan legislation supported to restore full Social Security benefits to thousands of retired law enforcement officers, firefighters, teachers, and other public servants. Cortez Masto also supports the bipartisan Veterans’ Compensation Cost-of-Living Adjustment Act, which would increase the rates of compensation for veterans with service-connected disabilities and military survivors under the Department of Veterans Affairs to ensure benefits keep up with the rising cost of living.
    “SSI’s $2,000 asset limit has been frozen in time since 1989. In today’s economy, that means SSI beneficiaries can’t save for necessary expenses like a security deposit or car repairs without the risk of losing their benefits. There’s also an outdated and unjust marriage penalty baked into the SSI asset limit that cuts the amount of money beneficiaries are allowed to save by 25% if they marry the person they love. We strongly endorse the bipartisan SSI Savings Penalty Elimination Act because it will give Americans with disabilities more freedom to build the futures they want and deserve,” said Darcy Milburn, Director of Social Security and Healthcare Policy, The Arc of the United States.
    “Supplemental Security Income’s asset rules have been frozen since the 1980s and prevent disabled Americans from participating in everyday life, whether it be tying the knot to a long-term partner or putting a financial nest egg away. Raising the program’s resource limits will help eliminate work and marriage penalties and limit accidental overpayments. The Niskanen Center supports this pro-savings, pro-family legislative effort by Senators Cortez Masto, Cassidy, and their colleagues,” said Will Raderman, Employment Policy Analyst, Niskanen Center.
    “JPMorganChase, like many companies, wants to attract and retain the very best qualified people of all abilities. We applaud the bipartisan reintroduction of the SSI Savings Penalty Elimination Act, whichwould make common sense updates to the outdated rules for SSI benefits to reflect current economic conditions and keep pace with inflation,” said Bryan Gill, Global Head of the Office of Disability Affairs, JPMorganChase.
    “The U.S. Chamber of Commerce would like to thank Senators Cortez Masto and Cassidy and Representatives Davis and Fitzpatrick for their leadership in reintroducing the SSI Savings Penalty Elimination Act, which would help employers fill many open jobs with older, experienced American workers who wish to stay in the workforce by raising the current asset limits for Supplemental Security Income program eligibility,” said Chantel Sheaks, Vice President of Retirement Policy, U.S. Chamber of Commerce.
    “SSI’s outdated asset limits have prevented older Americans and those with disabilities from being able to save even a small amount for an emergency or to have a modicum of economic security as they age, without the risk of losing vital benefits. Americans should not be prevented from saving a few dollars for unforeseen circumstances, and SSI beneficiaries are no exception. It is long-past time for Congress to update SSI’s asset limits, which have become overly restrictive and prevent the accumulation of even a small amount of personal savings. AARP therefore urges Congress to pass your SSI Savings Penalty Elimination Act as soon as possible,” said Bill Sweeney, Senior Vice President, AARP Government Affairs.
    “Current policy imposes a difficult choice on Americans living with disabilities: spend their money now or lose access to essential support. This is nonsensical and denies some people the ability to save for future needs and opportunities. The SSI savings limit is long overdue for reform. A big thank you to the senators and representatives who are leading the way to a more humane policy,” said Galen Carey, Vice President of Government Relations, National Association of Evangelicals.
    “The SSI Savings Penalty Elimination Act will update asset limits for Supplemental Security Income and remove outdated barriers that restrict economic opportunity and hinder workforce participation. We thank Senators Cortez Masto and Cassidy and Representatives Davis and Fitzpatrick, for championing this bipartisan legislation that will help broaden America’s workforce, bolster supply chains, and support disabled workers,” said Rylin Rodgers, Disability Policy Director, Microsoft.
    “BPC Action commends this effort by Sens. Cortez Masto (D-NV) and Cassidy (R-LA) and Representatives Davis (D-IL) and Fitzpatrick (R-PA)  and urges Congress to act on long-overdue bipartisan measures to empower seniors and Americans with disabilities enrolled in Supplemental Security Income to increase their household savings,” said Michele Stockwell, President, Bipartisan Policy Center Action.
    “A core component of the nation’s Social Security system, SSI is nothing short of a lifeline for more than 7 million of the nation’s poorest seniors and disabled people, including more than one million disabled children. But because it’s been left to wither on the vine for decades, with key eligibility criteria never updated even for inflation, outdated savings limits now trap millions in poverty — even though SSI was established to offer a pathway out. Senators Cortez Masto, Cassidy, and Wyden and Reps. Davis and Fitzpatrick are to be commended for their bipartisan leadership on the SSI Savings Penalty Elimination Act — important legislation that would bring long overdue reform to one of the most regressive anti-savings policies on the books today. Even at a time of historic polarization, updating SSI’s asset limits is one issue Americans across the political spectrum can agree on — and the time is now to act,”said Rebecca Vallas, CEO, National Academy of Social Insurance. 

    MIL OSI USA News

  • MIL-OSI Europe: JOINT MOTION FOR A RESOLUTION on the targeted attacks against Christians in the Democratic Republic of the Congo: defending religious freedom and security – RC-B10-0211/2025

    Source: European Parliament

    Lukas Mandl, David McAllister, Andrzej Halicki, Michael Gahler, Sebastião Bugalho, Željana Zovko, François‑Xavier Bellamy, Christophe Gomart, Ingeborg Ter Laak, Andrey Kovatchev, Miriam Lexmann, Rasa Juknevičienė, Antonio López‑Istúriz White
    on behalf of the PPE Group
    Yannis Maniatis, Marit Maij
    on behalf of the S&D Group
    Patryk Jaki, Adam Bielan, Bert‑Jan Ruissen, Waldemar Tomaszewski, Aurelijus Veryga, Sebastian Tynkkynen, Bogdan Rzońca, Arkadiusz Mularczyk, Mariusz Kamiński, Marlena Maląg, Marion Maréchal, Małgorzata Gosiewska, Alberico Gambino, Nicolas Bay, Waldemar Buda, Piotr Müller, Maciej Wąsik, Kosma Złotowski, Jacek Ozdoba, Daniel Obajtek, Tobiasz Bocheński, Jadwiga Wiśniewska, Joachim Stanisław Brudziński, Carlo Fidanza, Cristian Terheş
    on behalf of the ECR Group
    Hilde Vautmans, Petras Auštrevičius, Dan Barna, Olivier Chastel, Ľubica Karvašová, Ilhan Kyuchyuk, Urmas Paet, Lucia Yar
    on behalf of the Renew Group
    Mounir Satouri
    on behalf of the Verts/ALE Group

    European Parliament resolution on the targeted attacks against Christians in the Democratic Republic of the Congo: defending religious freedom and security

    (2025/2612(RSP))

    The European Parliament,

     having regard to its previous resolutions on the Democratic Republic of the Congo (DRC),

     having regard to the Universal Declaration of Human Rights,

     having regard to the International Covenant on Civil and Political Rights,

     having regard to the Constitution of the Democratic Republic of the Congo (DRC), which guarantees the right to freedom of conscience and the free exercise of religious worship for all citizens,

     having regard to the UN Declaration on the Elimination of All Forms of Intolerance and of Discrimination Based on Religion or Belief, adopted by the UN General Assembly on 25 November 1981,

     having regard to the European Convention on Human Rights,

     having regard to Rules 136(2) and (4) of its Rules of Procedure,

    A. whereas the eastern DRC has endured decades of widespread violence and instability; whereas the situation continues to deteriorate significantly, with persistent human rights violations by armed groups, mass displacement, attacks on civilians and alarming humanitarian conditions further exacerbated by armed conflicts, such as the conflict between the DRC Government, the Rwanda-backed armed rebel group March 23 Movement (M23) and other militias, which has already resulted in the forceful internal displacement of 4.6 million people in the eastern DRC; whereas around 100 separate armed groups are estimated to be operating in the eastern DRC; whereas a series of overlapping issues are driving destabilisation in the country;

    B. whereas M23 has intensified attacks in North Kivu and on 19 March 2025, it seized the mineral-rich town of Walikale, defying the ceasefire;

    C. whereas the Allied Democratic Forces (ADF) is one of the most prominent extremist groups with explicitly religious objectives, especially since its leader pledged allegiance to the so-called Islamic State of Iraq and Syria (ISIS) in 2019, becoming its Central Africa Province branch (ISCAP); whereas the ADF’s attacks need to be seen in the wider African context of a rise in the number of Islamist groups, in particular those affiliated to ISIS, in the Sahel region, the Horn of Africa, Mozambique, Nigeria and the DRC; whereas the ADF has been designated a terrorist group by Uganda and the United States;

    D. whereas in May 2024, the UN Group of Experts on the DRC warned that the ‘armed group established strong networks in prisons, particularly in Kinshasa where ADF detainees were active in recruiting and mobilising combatants and collaborators’, using not only ideological means, but also coercion, deception, abduction and financial incentives to attract members and collaborators;

    E. whereas the ADF has a long history of committing terrorist attacks in the eastern DRC, particularly in North Kivu and Ituri provinces; whereas North Kivu is a resource-rich region, with vast supplies of critical raw materials including cobalt, gold and tin, which are necessary for the global digital and energy transitions; whereas it is known that the ADF and other armed groups, including M23, have been relying on, among other sources of financing, the illegal exploitation of these resources to fund their activities; whereas the Congolese Catholic Church claims that the ADF is responsible for the deaths of around 6 000 civilians in Beni between 2013 and 2021 and more than 2 000 in Bunia in 2020 alone; whereas in 2024, a large number of Christians were killed in the DRC by jihadists; whereas civilians in the DRC’s eastern provinces are facing an increasing number of attacks, killings and abductions, as well as church bombings and the destruction of (religious) property, perpetrated by armed groups with extremist and jihadist ideologies; whereas most victims of ADF attacks have been Christian; whereas these attacks undermine religious freedom and exacerbate intercommunal tensions; whereas the Catholic bishops of the DRC spoke out in an April 2021 statement about the threat of the ‘Islamization of the region [North Kivu] as a sort of deeper strategy for a long-term negative influence on the general political situation of the country’;

    F. whereas in 2021, a prominent local Muslim leader received death threats from the ADF, and he was later gunned down; whereas in 2023, the ADF bombed services at a Pentecostal church in Kasindi, killing 14 people; whereas the ADF has been linked to an attack on the village of Mukondi in 2023, in which at least 44 civilians were killed, according to local authorities; whereas the group claimed 48 attacks in December 2024 alone, killing over 200 people; whereas in January 2024, the ADF killed eight people in Beni during an attack on a Pentecostal church and, in May 2024, ADF assailants reportedly killed 14 Catholics in the North Kivu province for refusing to convert to Islam; whereas the ADF also reportedly executed 11 Christians in the village of Ndimo in Ituri province and kidnapped several others;

    G. whereas local and international human rights organisations have documented numerous instances of religious violence in the DRC, while stressing the urgent need for the state to provide adequate protection; whereas, while the DRC Government has demonstrated a strong intention to address the impacts of armed group violence in the eastern DRC, other recent developments call into question the government’s commitment to safeguarding religious freedom specifically; whereas women and children are particularly vulnerable to rape as weapon of war, human trafficking and sexual slavery;

    H. whereas the Armed Forces of the DRC have been conducting a joint military offensive, Operation Shujaa, with the Ugandan People’s Defence Force against the ADF and other insurgent forces in the eastern DRC since November 2021; whereas the conflict between the DRC Government and the Rwanda-backed M23 rebels has led to a decrease in the funds, personnel and equipment being allocated to this counterterrorism operation;

    I. whereas the right to freedom of religion and belief is a fundamental human right and must be protected given the high level of violence and persecution; whereas the Constitution of the DRC provides for freedom of religion and prohibits discrimination based on religious belief;

    J. whereas over 7 million people in the DRC are currently displaced because of the wider ongoing conflicts, with limited access to food, water, healthcare and essential services; whereas state authorities and rebel groups have obligations to civilians under international humanitarian law, including protecting and facilitating access to humanitarian assistance, and permitting freedom of movement;

    K. whereas women and children in the DRC face increased levels of sexual and gender-based violence, including rape as a weapon of war, resulting in there being one victim of rape every four minutes;

    L. whereas the illegal exploitation of mineral resources continues to fuel conflict in the region, necessitating stronger international oversight and responsible sourcing policies;

    M. whereas in March 2025, President Félix Tshisekedi of the DRC and President Paul Kagame of Rwanda issued a joint statement announcing a ceasefire; whereas despite this, the violence perpetrated by the Rwanda-backed M23 rebels continues;

    N. whereas the DRC has one of the highest rates of internal displacement in the world; whereas many women and children live in precarious conditions and are being exposed to the risk of harassment, assault, sexual exploitation and forced recruitment; whereas displaced populations often receive no basic life-saving services and are at risk of malnutrition and disease; whereas cities that host internally displaced people in precarious circumstances are also targets of attacks by different militias, causing great distress to the displaced communities and to the local population;

    O. whereas the EU has committed to supporting stability in the DRC through diplomatic engagement, financial assistance and targeted sanctions against individuals responsible for violence and human rights abuses; whereas on 17 March 2025, the EU imposed sanctions on nine individuals and one entity responsible for acts that constitute serious human rights violations and abuses or that sustain the conflict in the DRC, including through the illegal exploitation of resources, but further diplomatic and economic measures may be necessary;

    P. whereas the Council has renewed the EU’s financial support for the deployment of Rwandan Defence Force (RDF) troops in Mozambique under the European Peace Facility (EPF); whereas the head of these forces was previously deployed in the eastern DRC to support abuses committed by the Rwanda-backed M23 rebels, giving rise to serious doubt as to whether there are sufficient safeguards attached to EPF support, including effective vetting and other human rights requirements;

    Q. whereas the EU has repeatedly affirmed its commitment to the promotion and protection of religious freedom globally, and has taken steps to combat religious persecution and intolerance in various parts of the world; whereas Christians are the most persecuted religious group in the world;

    R. whereas Parliament has consistently called for the strengthening of international efforts to combat religious persecution and to hold accountable those responsible for attacks on minority communities;

    1. Strongly condemns the occupation of Goma and other territories in the eastern DRC by M23 and the RDF as an unacceptable breach of the DRC’s sovereignty and territorial integrity; urges the Rwandan Government to withdraw its troops from DRC territory, the presence of whom is a clear violation of international law and the UN Charter, and cease cooperation with the M23 rebels; demands that Rwanda and all other potential state actors in the region cease their support for M23;

    2. Expresses deep concern at the alarming continuation of violence; deplores the loss of life and the attacks, both indiscriminate and targeted, against civilians; expresses deep concern over the worsening security and humanitarian crises in the eastern DRC as a whole; calls for the immediate cessation of all forms of violence and for the commitment of all parties involved in the ongoing conflict in the eastern DRC to respect international humanitarian law;

    3. Strongly condemns the targeted terrorist attacks carried out by the ADF against Christian communities in the eastern DRC, including killings, abductions and the destruction of religious property, and calls for an immediate halt to such acts of violence; expresses its solidarity with the families of the victims and with Christian communities;

    4. Strongly condemns the Rwanda-backed M23 rebel group and the ADF, as well as other rebel groups, and their egregious human rights abuses that amount to crimes against humanity in accordance with the Rome Statute of the International Criminal Court (ICC); underlines that there must be no impunity for the perpetrators of these acts and that those responsible should be referred to the ICC; encourages the establishment of an international commission of inquiry to examine the human rights violations committed in the DRC, renewed investigations in North Kivu by the ICC Prosecutors Office and the creation of a special tribunal for atrocity crimes in the DRC, including crimes committed against Christian communities; backs the efforts by the National Episcopal Conference of Congo and the Church of Christ in Congo, which launched the ‘Social pact for peace and coexistence in the Democratic Republic of Congo and the Great Lakes Region’, with the aim of restoring peace in the country’s eastern provinces;

    5. Supports the international efforts against the ADF, including the Shujaa counterterrorism operation carried out jointly by the DRC and Ugandan armed forces; encourages the EU Member States to consider ways of contributing to these efforts, including increased efforts to trace and interdict ISIS secret funds held overseas and to trace any raw materials stemming from their illegal exploitation by the ADF; calls for the EU to support the necessary capacity-building and expertise to combat ADF ideology and rhetoric, particularly within the Muslim communities of both Uganda and the DRC, to prevent recruitment among those communities; requests the application of the EU global human rights sanctions regime to those responsible for planning, ordering or participating in the killing of Christians in the DRC;

    6. Calls for an immediate and effective ceasefire, and for the full implementation of diplomatic agreements, including the Luanda and Nairobi peace processes; underlines the urgent need for the stabilisation of the country and reiterates its call on M23 to halt its territorial advances and withdraw from the territory of the DRC;

    7. Reiterates its full support for the UN Organization Stabilization Mission in the DRC (MONUSCO) in protecting civilians and stabilising the region; urges the EU to cooperate with all actors on the ground, in particular MONUSCO, to ensure the protection of civilians in the eastern DRC; calls on the UN to work towards a stronger mandate for MONUSCO in order to enable peacemaking; calls on the UN to ensure the protection of civilians and respect for international humanitarian law;

    8. Urges the international community to increase support for services in the eastern DRC so that civilians who have been targeted can have access to legal services and psychological support; calls on the DRC Government to counter extremist propaganda; calls for the establishment of early warning mechanisms to more effectively prevent and respond to attacks by the ADF and other armed groups against civilians;

    9. Reiterates its call for all parties, including armed groups operating in the eastern DRC, to allow and facilitate humanitarian access to address the urgent need for essential services in the eastern DRC and neighbouring countries, notably Burundi; emphasises that humanitarian workers must be able to operate safely to deliver life-saving assistance to Congolese civilians; stresses that this is a central obligation under international humanitarian law, and that perpetrators violating these obligations should be held to account; calls on all parties to provide a safe environment for civil society organisations;

    10. Is appalled by the shocking use of sexual violence against women and children as a tool of repression and weapon of war in the eastern DRC, and by the unacceptable recruitment of child soldiers by the various rebel groups; demands that these matters be addressed by the international community without delay;

    11. Calls for stricter enforcement of EU regulations on conflict minerals to prevent illicit trade from fuelling armed groups in the DRC; reiterates its previous call on the Commission to suspend the EU’s Memorandum of Understanding with Rwanda; requests that the Commission share detailed mapping of current projects with Rwandan authorities and its assessment of whether they may contribute to or fail to address human rights violations either inside Rwanda or in the DRC;

    12. Calls for the EU and its Member States to support the DRC in implementing the recommendations of the 2010 mapping report by the UN High Commissioner for Human Rights (UNHCR), including reforming the security sector, strengthening its efforts to prevent further atrocities against civilians, and ending support for or collaboration with abusive armed groups; urges the DRC Government to ensure accountability for human rights violations and prosecute those responsible for attacks; calls for the EU and its Member States to support the DRC in fighting corruption, strengthening governance and the rule of law, improving security and ensuring the lasting protection of communities at risk, including religious communities, and to ensure that perpetrators of attacks are brought to justice;

    13. Underlines the role of communities, including religious communities and faith-based organisations in the DRC, in promoting peace, social cohesion and the well-being of local communities;

    14. Calls on the Commission and the European External Action Service to intensify diplomatic efforts by working closely with regional partners, including the African Union, the East African Community and the United Nations, in order to step up diplomatic efforts to achieve a sustainable resolution to the conflict and prevent extremist groups from using religion as a tool for violence and division;

    15. Calls on the Commission and the Member States to increase humanitarian aid to address the urgent needs of displaced persons and vulnerable communities in the DRC, ensuring safe access to food, medical care and shelter;

    16. Supports the imposition of further targeted EU sanctions against individuals and entities responsible for financing or engaging in violence, human rights abuses and resource exploitation; calls for the implementation of the sanctions outlined in the UNHCR mapping report;

    17. Confirms its commitment to freedom of thought, conscience and religion as a fundamental human right guaranteed by international legal instruments recognised as holding universal value, and to which most countries in the world have committed, and which is enshrined in the Constitution of the DRC;

    18. Echoes the calls for international solidarity in defending religious freedom and the protection of religious minorities in conflict zones, particularly in the DRC, while addressing the root causes of violent extremism in the DRC and its neighbourhood;

    19. Urges the EU to uphold its commitment to the promotion of religious freedom and the protection of communities, including religious communities, ensuring that the rights of these groups are prioritised in the EU’s external policies;

    20. Notes, with concern, the growing influence of the Russian Orthodox Church in Africa, which is a staunch supporter of the Putin regime and its violent, unlawful war in Ukraine; underlines that this development raises significant questions regarding the broader geopolitical and ideological objectives of the Russian Federation in Africa;

    21. Deplores the fact that Rwanda announced the termination of its diplomatic relations with Belgium, and expresses its solidarity with Belgium;

    22. Instructs its President to forward this resolution to the Council, the Commission, the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy, the Governments and Parliaments of the Democratic Republic of the Congo and Rwanda, the African Union, the secretariats of the United Nations Organization Stabilization Mission in the Democratic Republic of the Congo, the Southern African Development Community and the East African Community, and other relevant international bodies.

     

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  • MIL-OSI Europe: MOTION FOR A RESOLUTION Immediate risk of further repression by Lukashenka’s regime in Belarus: threats from the Investigative Committee – B10-0218/2025

    Source: European Parliament

    with request for inclusion in the agenda for a debate on cases of breaches of human rights, democracy and the rule of law
    pursuant to Rule 150 of the Rules of Procedure

    Merja Kyllönen
    on behalf of The Left Group

    NB: This motion for a resolution is available in the original language only.

    Document selected :  

    B10-0218/2025

    Texts tabled :

    B10-0218/2025

    Texts adopted :

    B10‑0218/2025

    Motion for a European Parliament resolution on Immediate risk of further repression by Lukashenka’s regime in Belarus: threats from the Investigative Committee

    (2025/2629(RSP))

    The European Parliament,

      having regard to its previous resolutions on Belarus,

      having regard to Rules 150(5) of its Rules of Procedure,

     

    1. whereas political opposition figures, activists and independent journalists face systematic harassment, imprisonment and intimidation in Belarus;
    2. whereas ahead of the January elections, the Belarusian Investigative Committee intensified action against opposition figures, opening criminal cases against 45 activists, 22 accused of conspiring to seize power and 23 of forming extremist groups, with penalties of up to 12 years in prison;
    3. whereas Committee statements in January and March 2025 suggest expanded surveillance and threats against Belarusians abroad, particularly those involved in protests or Freedom Day on 25 March
    4. whereas the regime’s labeling of opposition as extremist or terrorist is widely condemned as misuse of law to stifle dissent; whereas UN experts note these practices purge civic space and suppress free expression in Belarus;

     

    1. whereas elections in Belarus have consistently failed to meet international standards of transparency, fairness and democratic legitimacy, as highlighted by independent observers and the OSCE;

     

    1. whereas Aliaksandr Lukashenka has been in power continuously for over 30 years, an almost unique case in contemporary Europe;
    2. whereas Belarusian state media continues to dominate the information landscape, with outlets like BELTA providing government-aligned news and perspectives.

     

     

    1. Condemns the continuing oppression of the Belarusian people by the Lukashenka regime, including widespread human rights violations and political repression;
    2. Calls for the immediate and unconditional release of all political prisoners, activists, journalists and trade unionists, including Volha Brytsikava and Aliaksandr Kapshul;
    3. Urges the EU Delegation and Member State embassies to monitor political trials and support prisoners’ relative;
    4. Calls on the EU and the Member State to extend EU support to Belarusians living in exile who risk facing politically motivated charges by the Belarusian Investigative Committee, including by providing political, financial and legal assistance;
    5. Condemns the regime’s violation of the right to freedom of association; calls on all opposition forces to undertake to respect the ILO Conventions, in particular Conventions Nos 87 and 98, and Article 33 of the ILO Constitution;
    6. Is deeply alarmed by the UN report detailing ill-treatment, including beatings, electric shocks and threats of rape in jail; reiterates its calls on the Belarusian authorities to respect detainees’ rights, provide medical care and grant access to lawyers, families, and international organisations;
    7. Reiterates its call for the EU and its Member States to to ease visa access and support rehabilitation for those fleeing Belarus;
    8. Reiterates its solidarity with the Belarusian people in their struggle for democracy, human rights and the rule of law;
    9. Is alarmed by the abuse of counter terrorist legislation as a means of intimidation and threats in many regimes throughout the globe;
    10. Instructs its President to forward this resolution to the Council, the Commission, the VP/HR, Member States and the and the Belarusian authorities.

     

     

     

    Last updated: 1 April 2025

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  • MIL-OSI Europe: MOTION FOR A RESOLUTION the immediate risk of further repression by Lukashenka’s regime in Belarus: threats from the investigative Committee – B10-0229/2025

    Source: European Parliament

    with request for inclusion in the agenda for a debate on cases of breaches of human rights, democracy and the rule of law
    pursuant to Rule 150 of the Rules of Procedure

    Sebastião Bugalho, Miriam Lexmann, Michael Gahler, Isabel Wiseler‑Lima, Michał Wawrykiewicz, Tomas Tobé, Dariusz Joński, Luděk Niedermayer, Seán Kelly, Vangelis Meimarakis, Andrey Kovatchev, Wouter Beke, Danuše Nerudová, Loránt Vincze, Jessica Polfjärd, Sandra Kalniete, Łukasz Kohut, Antonio López‑Istúriz White, Tomáš Zdechovský, Inese Vaidere
    on behalf of the PPE Group

    NB: This motion for a resolution is available in the original language only.

    B10‑0229/2025

    Motion for a European Parliament resolution on the immediate risk of further repression by Lukashenka’s regime in Belarus: threats from the investigative Committee

    (2025/2629(RSP))

    The European Parliament,

      having regard to its previous resolutions on Belarus,

      having regard to Rule 150(5) of its Rules of Procedure,

    1. whereas, the EU does not recognize the fraudulent Belarusian presidential election of January 26, 2025, and deems the detention of political prisoners unacceptable; whereas Belarus’s complicity in the war in Ukraine further undermines its commitment to international peace and human rights;
    2. whereas the Lukashenka regime expands its repression beyond Belarus, targeting Belarusians abroad with surveillance, threats, and prosecutions; whereas official statements by the Investigative Committee of Belarus in January and March 2025 confirm escalating transnational repression, particularly against Freedom Day participants; whereas the regime monitors Belarusians abroad, identifying over 100 individuals linked to the Coordination Council as suspects; whereas since August 2020, the Investigative Committee labelled nearly 19,000 acts as “extremist-related crimes” while denying police violence in 2020, reflecting a systematic effort to silence dissent and dismantle opposition through intimidation and legal persecution;
    1. Strongly condemns the continued expansion of repression by the Lukashenka regime, which now targets Belarusians abroad with criminal prosecution, asset seizures, and other measures designed to silence dissent;
    2. Denounces the deployment of judicial instruments as tools of repression by the Belarusian Investigative Committee, which seeks to criminalize peaceful participation in pro-democracy demonstrations and intimidate both the participants and their families through pervasive surveillance and legal threats;
    3. Condemns the systematic violation of international human rights norms ­  including the rights to freedom of assembly, expression, and political participation ­  as guaranteed by the Universal Declaration of Human Rights and reinforced by the International Covenant on Civil and Political Rights;
    4. Demands an immediate cessation of repression against Belarusians within Belarus and abroad, including politically motivated charges, asset seizures, and surveillance of exiles and demonstrators, and calls for the release of all political prisoners;
    5. Stresses the need for the EU and its member states to maintain public scrutiny over Belarus’ imprisonment of individuals for politically motivated charges and the targeting of their relatives, by using all public channels at their disposal to increase the visibility and names of individuals imprisoned or detained for political reasons; calls to expand and enforce targeted sanctions against Belarusian officials responsible for transnational repression;
    6. Calls on the EU and its member states to strengthen legal protections and visa access for Belarusian exiles, pro-democracy activists, and those fleeing persecution;  urges to ensure a coordinated EU response to support Belarusian citizens with expired passports who face the risk of human rights violations upon return;
    7. Calls on the EU and its member states to maintain and expand their financial, technical, and political support for independent civil society activists, journalists, lawyers, and human rights defenders operating both within Belarus and in exile; urges to continue monitoring and documenting their trials;
    8. Instructs its President to forward this resolution to the VP/HR, the Council, the Commission, the governments and parliaments of the Member States, the representatives of the Belarusian democratic forces and the de facto Belarusian authorities.  

     

     

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  • MIL-OSI Europe: MOTION FOR A RESOLUTION the immediate risk of further repression by Lukashenka’s regime in Belarus: threats from the investigative Committee – B10-0227/2025

    Source: European Parliament

    with request for inclusion in the agenda for a debate on cases of breaches of human rights, democracy and the rule of law

    Michał Kobosko, Oihane Agirregoitia Martínez, Petras Auštrevičius, Malik Azmani, Dan Barna, Helmut Brandstätter, Olivier Chastel, Veronika Cifrová Ostrihoňová, Engin Eroglu, Svenja Hahn, Karin Karlsbro, Ľubica Karvašová, Ilhan Kyuchyuk, Jan‑Christoph Oetjen, Urmas Paet, Hilde Vautmans, Lucia Yar, Dainius Žalimas
    on behalf of the Renew Group

    NB: This motion for a resolution is available in the original language only.

    B10‑0227/2025

    Motion for a European Parliament resolution on the immediate risk of further repression by Lukashenka’s regime in Belarus – threats from the Investigative Committee

    (2025/2629(RSP))

    The European Parliament,

    – having regard to its previous resolutions on Belarus,

      having regard to Rule 150 of its Rules of Procedure,

     

    A. whereas Belarusians celebrate the Freedom Day on 25 March to commemorate the independence declaration by the democratic Belarusian People’s Republic of 1918;

    B. whereas the Lukashenka regime has been escalating its repression beyond Belarusian borders to dismantle alternative democratic political structures;

    C. whereas Belarus’ Investigative Committee announced to monitor citizens’ participation in actions abroad, to prosecute all participants, including residents abroad and their conviction in absentia;

    D. whereas Belarusian diaspora’s families were threatened with imprisonment and asset confiscation if participating in Freedom Day protests;

    E. whereas hundreds participants in Freedom Day rallies have been identified as suspects by the Investigative Committee of Belarus;

    F.  whereas Lukashenka’s regime is taking advantage of many Belarusian passports expiring, forcing the diaspora to return to Belarus, facing possible imprisonment; whereas 2023, EU Member States issued around 300 000 first residence permits to Belarusians;

    G. whereas Belarusian civil society and free media are severely affected by cuts in the U.S. budget;

     

    1. Calls for the EU, its Member States and the international community to apply immediate protective measures for Belarusian citizens in EU Member States and abroad facing criminal persecution by Lukashenka’s regime, including enhanced asylum procedures, security cooperation, and legal protection against extraterritorial persecution.

    2. Encourages EU Member States to extend for those Belarusian citizens whose passports are expiring the right for a legal stay by providing alternative travel documents.

    3. Regrets that Belarus Freedom Day was used by the regime to “inaugurate” Lukashenka, and reiterates its non-recognition of Lukashenka.

    4. Urges EU Member States not to comply with Interpol arrest warrants requesting extradition of Lukashenka’s political opponents to Belarus.

    5. Welcomes the Council’s sanctions on stakeholders undermining democracy and rule of law, contributing to repression and to military cooperation with Russia, such as the Central Election Commission, which issued politically motivated judgments and the President Property Management Directorate of the Belarusian Federation of Trade Unions; warns that Belarus functions as transit hub for Russia to circumvent existing sanctions; calls for stronger investigations of sanction evasion.

    6. Urges the Member States to impose further sanctions equally to those imposed on Russia, particularly on the Belarusian banking system.

    7. Regrets the recent U.S. negotiations with Lukashenka, which risk legitimizing his regime.

    8. Urges the EU and its member states to increase financial support for independent media, human rights organizations, civil society initiatives, and institutions of Belarusian democratic forces.

    9. Calls on the HRVP to use INTCEN and EDMO to counteract Belarusian intelligence operations and disinformation.

     

    10. Emphasizes the Belarusian democratic actors’ role and unwavering support for a free, democratic, sovereign and independent Belarus as part of a peaceful Europe.

    11. Calls on Lukashenka’s regime for the immediate release of all political prisoners and their rehabilitation.

    12. Instructs its President to forward this resolution to the HR/VP, the Council, the representatives of the Belarusian democratic forces and the Belarusian de facto authorities.

     

     

     

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  • MIL-OSI Europe: Written question – Difficulties in implementing the law on livestock housing – E-001064/2025

    Source: European Parliament

    Question for written answer  E-001064/2025/rev.1
    to the Commission
    Rule 144
    Galato Alexandraki (ECR)

    Law 4056/2012 on licensing and operating livestock housing has proven to be unworkable and ineffective and is posing serious problems for Greek livestock farming. Despite occasional amendments to the law for specific categories, such as poultry and equine housing, farmers continue to face excessive demands that put a financial strain on them and create uncertainty about the viability of the sector.

    The continued stringency of the legislation in contrast to the exceptions that have already been granted for other sectors, raises questions about the fair treatment of livestock farmers and about whether the applicable conditions really support growth in the agricultural sector or whether they actually make it easier for animal products to be imported from non-EU countries.

    In view of the above:

    • 1.How could the Commission assist so that the legislative requirements imposed on Greek farmers are realistic and practicable, bearing in mind the need for equal treatment in relation to other sectors not covered by Law 4056/2012?
    • 2.What measures could the Commission put in place to ensure that all Greek livestock farmers have access to the necessary economic and technical support to adapt to the new requirements without taking a financial hit?

    Submitted: 12.3.2025

    Last updated: 1 April 2025

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  • MIL-OSI Europe: Answer to a written question – The apparent disconnect between the Commission’s actions and Parliament’s resolutions on Nagorno-Karabakh – E-001588/2024(ASW)

    Source: European Parliament

    The EU has repeatedly called on Azerbaijan to release those who have been detained for exercising their fundamental rights, including journalists, human rights defenders, and political activists.

    The EU continues to engage and raise these issues with Azerbaijan as part of the human rights dialogue and bilaterally, including at the highest level. Any decision relating to sanctions is for the Council to make by unanimity.

    In parallel, the EU continues to call upon Azerbaijan to ensure the rights of Karabakh Armenians, including their right to return to their homes without intimidation and discrimination.

    The EU remains fully committed to facilitating dialogue between Armenia and Azerbaijan to achieve lasting and sustainable peace, including through political and financial support.

    EU engagement with Azerbaijan remains instrumental in order to promote peace, stability and prosperity in the South Caucasus through regional cooperation, including in the context of the normalisation process between Azerbaijan and Armenia.

    Last updated: 1 April 2025

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  • MIL-OSI Europe: Answer to a written question – Italian court ruling on Libyan Coast Guard rescue operations and its implications for the legal compliance of EU funding – E-002089/2024(ASW)

    Source: European Parliament

    In line with the President of the Commission’s political guidelines presented in July 2024[1] there is a need to strengthen the coordination of search and rescue (SAR) operations to prevent loss of life at sea, including in cooperation with neighbouring third countries .

    The Commission confirms that providing EU financial support to the training and capacity building of the Libyan coastguard for operations in its own SAR zone contributes to the efforts of saving lives of people who disembark on dangerous journeys, often resorting to smugglers and traffickers, and risking their lives.

    Notably, in the framework of the EU-funded ‘Support to integrated border and migration management in Libya’ programme, the Commission aims at improving Libyan authorities’ capacity to carry out SAR operations and thus saving lives both at sea and in the desert, in respect of international rules and human rights obligations.

    The Commission takes note of the June 2024 Croton Civil Court ruling. It is committed to continue to engage, alongside the international partners, with the Libyan authorities to ensure that SAR operations are carried out in line with international standards .

    A regular dialogue at technical level has been established with Libyan authorities to address all issues in the context of migration and protection, including respect of human rights.

    Five technical missions of the Commission took place between 2024 and 2025 and observed notable improvements on both engagement from the Libyan authorities and practical results in terms of access to disembarkation points and detention centres, release of vulnerable migrants, and the doubling of voluntary humanitarian returns, compared to the figures of 2023.

    • [1] https://commission.europa.eu/document/download/e6cd4328-673c-4e7a-8683-f63ffb2cf648_en?filename=Political%20Guidelines%202024-2029_EN.pdf
    Last updated: 1 April 2025

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  • MIL-OSI Europe: Answer to a written question – Türkiye’s alleged ties with radical Islamist groups in Syria – E-002865/2024(ASW)

    Source: European Parliament

    The fall of Assad’s criminal regime marks a historic moment for the Syrian people. The European Council Conclusions of 19 December 2024[1] stressed the historic opportunity to reunite and rebuild the country and underlined the importance of an inclusive and Syrian-led political process that meets the legitimate aspirations of the Syrian people. The EU stands ready to support the new phase in Syria in coordination with regional partners, including Türkiye.

    Türkiye has an important role to play in the stability of Syria and the region, which is in the common interest of the EU and Türkiye. It is important that the good cooperation between the EU and Türkiye, which is also a member of the Global Coalition to Defeat Daesh[2], continues in the fight against terrorism.

    Türkiye has legitimate security concerns and a legitimate right and responsibility to fight against terrorism, ensuring that this is done in accordance with the rule of law, respecting human rights and fundamental freedoms, and in full respect of the territorial integrity and sovereignty of neighbouring states and international law.

    In line with the Council Conclusions of June 2018[3], which were repeated regularly since then, Türkiye’s accession negotiations have effectively come to a standstill. No progress has been achieved in the areas of democracy, rule of law, fundamental rights and the independence of the judiciary.

    As a result, the Commission has substantially reduced the EU financial support to Türkiye under the Instrument for Pre-accession Assistance[4] since 2018, and reoriented this funding towards the civil society, people-to-people contacts and the Green Deal-related common priorities.

    A large part of the current financial assistance goes towards supporting Syrian refugees (about 3 million) present in the country.

    • [1] https://www.consilium.europa.eu/media/jhlenhaj/euco-conclusions-19122024-en.pdf
    • [2]  https://theglobalcoalition.org/en/
    • [3]  https://www.consilium.europa.eu/media/35863/st10555-en18.pdf
    • [4]  https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A32021R1529

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  • MIL-OSI Europe: Answer to a written question – Reducing excessive budget deficits in EU Member States – P-001609/2024(ASW)

    Source: European Parliament

    Decisions on the role of the European Stability Mechanism (ESM) is of exclusive competence of the signatories of the ESM Treaty. The ESM is an intergovernmental organisation established by euro area Member States with the objective of enabling these countries to avoid and overcome financial crisis and to maintain long-term financial stability and prosperity.

    Article 126 of the Treaty on the Functioning of the European Union establishes that Member States shall avoid excessive government deficits, and that the Commission monitors the developments of the fiscal situation and, in particular, compliance with the criteria established in the Treaty itself.

    Romania has been subject to an excessive deficit procedure since 2020[1]. On 3 April 2020, the Council, acting upon a recommendation by the Commission, recommended that Romania correct its excessive deficit by 2022 at the latest.

    Considering the crisis caused by the COVID-19 pandemic, on 18 June 2021, the deadline for correction was extended to 2024. On 26 July 2024, based on a Commission recommendation, the Council established that no effective action had been taken by Romania to correct its excessive deficit.

    On 14 January 2025, acting upon a recommendation by the Commission, the Council recommended that Romania should correct its excessive deficit situation by 2030.

    The Council also recommended to other seven Member States to correct their excessive deficit (Belgium, France, Hungary, Italy, Malta, Poland and Slovakia)[2].

    The Commission will assess the action taken by Romania and the other seven Member States in response to the recommendations in spring 2025.

    • [1] All documents related to the Excessive Deficit Procedure for Romania can be found at: https://economy-finance.ec.europa.eu/economic-and-fiscal-governance/stability-and-growth-pact/corrective-arm-excessive-deficit-procedure/excessive-deficit-procedures-overview/romania_en
    • [2] https://economy-finance.ec.europa.eu/economic-and-fiscal-governance/stability-and-growth-pact/corrective-arm-excessive-deficit-procedure/excessive-deficit-procedures-overview_en

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