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Category: Economy

  • MIL-OSI Asia-Pac: NITI Aayog organises National Workshop on “Internationalisation of Higher Education in India: Challenges, Best Practices, and Policy Interventions” at IIT Madras, Chennai on March 29, 2025

    Source: Government of India

    Posted On: 30 MAR 2025 7:16PM by PIB Delhi

    A one-day National Workshop on ‘Internationalisation of Higher Education in India’, was organised by the Education Division of NITI Aayog, as a part of the NITI–State workshop series, an initiative under the State Support Mission, and in collaboration with its knowledge partners, IIT Madras, Association of Indian Universities (AIU), and Acumen at the IIT Madras campus in Chennai on Saturday, 29th March 2025.

    The workshop brought together officers from the Centre, State and UT Governments, Institutions of National Importance, Central Universities, State Public Universities, Private Universities, Deemed Universities, International Universities, and representatives from several countries to deliberate on challenges, best practices and policy interventions for implementing internationalisation initiatives in Indian higher education at the systemic and institutional levels as envisioned in the National Education Policy 2020.

    Dr. Vinod Kumar Paul, Hon’ble Member (Education), NITI Aayog delivered the Keynote Address and the Concluding Address and chaired the entire workshop’s proceedings. Prof. Kamakoti Veezhinathan, Director, IIT Madras, delivered the Inaugural Address. Dr. Sonia Pant, Programme Director (Education), NITI Aayog welcomed the 140-strong audience. Prof. Raghunathan Rengaswamy, Dean – Global Engagement, IIT Madras, Dr. (Mrs.) Pankaj Mittal, Secretary General, Association of Indian Universities, and Shri Adrian Mutton, Executive Chairman, Acumen addressed the gathering on behalf of the knowledge partners’ consortium.

    The workshop featured 40 speakers across 4 technical sessions on: (i) Internationalisation of Higher Education in India (in retrospect and future prospects), (ii) Academic Mobility for Learning and Research, (iii) Internationalisation of Curricula & Programmes, and (iv) Expanding Global Presence of Indian universities through Offshore Campuses and beyond. Special case studies on successes of Indian and international universities were presented including Indian universities setting up overseas campuses and international universities establishing campuses in India including at the GIFT City. Several country case studies including those of Australia, France, New Zealand, UK, USA, among others were also presented at the workshop.

    As discussions proceeded, participants emphasized actionable strategies such as enhancing infrastructure, streamlining regulations, and promoting India as a destination for academic collaboration, research, and learning on a global scale.

    This workshop marked a significant milestone in India’s journey towards internationalisation of higher education. The insights generated will feed into the ongoing NITI policy research study that aims to position Indian higher education institutions at the forefront of global academic excellence, ensuring India-centric internationalisation, and creating world class and world ready talent to enable India to play an influential role as a knowledge economy and achieve its vision of becoming a Viksit Bharat by 2047.

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    MJPS/SR

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Text of the Vice–President’s address at valedictory session of National Conference on Environment- 2025 at Vigyan Bhawan in New Delhi (Excerpts)

    Source: Government of India

    Posted On: 30 MAR 2025 6:34PM by PIB Delhi

    Good evening, all of you. Frankly, I’m not used to such kind of order.

    I’m more used to disorder in the house. And secondly, when I sit in the chair, as Chairman Rajya Sabha, on my right is the Government, on the left is the Opposition. Today there’s a strange combination, excellence, sublimity, of bar and bench on my right side.

    One regret that I have, of parting with the jealous mistress, the legal profession, by becoming Governor-State of West Bengal and now the Vice-President, I did not have the occasion to appear before one of the finest judges of this country, Justice P. S. Narsimha. And similarly, I had no occasion to cross swords with another legal luminary, Shri Tushar Mehta. A source of inspiration and motivation for me.

    Because rarely there is a combination where dedication, excellence, commitment, and nationalism converge. Very soothing experience. Justice P. S. Narsimha, Judge Supreme Court of India, Justice Prakash Shrivastava, Chairperson of the National Green Tribunal, I know him while he was Chief Justice, Calcutta High Court, while I was in Kolkata, because the High Court continues to be known as Calcutta High Court, exemplified highest judicial decorum and standards, and was not eyesore to anyone, fructifying, game-changing decisions.

    A chairman of the National Green Tribunal, you know what he is. But I must share one thing, that is common between us. We both fear our wives. Pradeepti is here, so is Dr. Sudesh. They are our strength. Shri Tushar Mehta Ji has equal challenge in the family as we have. No issue on that. Shri Thirumal Kumar, an IAS officer, I have admired him for a long time, he knows it. So he was a little astounded that I still recollect that.

    Ladies and gentlemen, boys and girls, nothing has happened to me by virtue of these constitutional offices. I am what I am. The only loss that I have is, a legal profession is known as a jealous mistress. I quoted the jealous mistress. When I joined the bar, the year I was married. So along with my wife, there was a jealous mistress.

    But it was very thoughtful of the President of India, Ramnath Kovind Ji. He chose 20th of July 2019, that I forsake the jealous mistress, because that happened to be the birthday of my wife. We have in the audience distinguished Chief Justices, acting Chief Justices, judges, lawyers, environmentalists, boys and girls, but I must recognise the presence of some.

    Justice Vishwanath, some other, I have one thing in common with him. We both belong to the Daughters Club. He has a daughter, and so do we have. And had the satisfaction of knowing him for long. Justice Ashutosh Kumar, Acting Chief Justice, Patna High Court, I’m sure I’ll be making some mistakes. So I leave it at that. My greetings to all of you.

    When I reflected on 20th of July, my wife’s birthday, it doesn’t end there. 20th of July, Neil Armstrong in 1969, landed on the moon for the first time. But my wife was born 12 years before. But what Neil Armstrong said is extremely relevant today for what we are discussing and deliberating. Neil Armstrong reflected, I quote him, “there’s one small step for man, one giant leap for mankind.”

    That is what we need to deal with the issue. Ladies and gentlemen, boys and girls, it’s a privilege to address the valedictory session of this National Conference on Environment. Grateful to Chairman Prakash Shrivastava for securing convergence of over 1,200 environmental experts, judicial and administrative minds, as also most vital stakeholders, young boys and girls.

    They are supremely interested, both in democracy and environment. They will go a long way. I am confident the deliberations over the last two days must have been very fruitful and must have generated a lot of hope and possibility.

    Our planet faces, in the shape of climate change, not an ordinary challenge. It’s an existential challenge. And the nature of the existential challenge is unknown to history ever before.

    The situation is critical and cliffhanging and far too long, engaging the attention of everyone, governments and people all over the globe. The solution to this burning issue is complexed by the belief that someone else will fix it. This is not to be true. We’ll have to do it on our own. There is now live realisation of this menace. It has to be moderated to begin with and solved by all of us in tenement togetherness.

    Resolute addressing of the problem is paramount. And neither we have the time nor we have another planet to cohabit. This problem of huge dimensions has to be fixed by all individuals acting individually, organisations and the governments with immediate, urgent, concerted and sustained effort.

    Let me share with the distinguished audience. Everyone is positioned to make his or her contribution. And the contribution when converges in totality will be result-orientated. We need to realise we are trustees of everything offered by Mother Earth and there is divine ordainment that we must pass on to the future generations all this in good shape writing on the wall. Have we done it? The answer comes from within. Certainly not.

    The present scenario is alarming, daunting and far distanced from what it should have been. In such a scenario an institution like the National Green Tribunal in the largest democracy habitat for one-sixth of humanity is playing vital and significant role catalysing scenarios for containment and searching for solutions. I join Justice P.S. Narsimha in complimenting Justice Shrivastava for taking this initiative and it is not a day too soon.

    India happens to be the third country as was reflected not by this number as such by Shri Tushar Mehta that we have taken a number of initiatives, innovative steps, affirmative government policies in the country but we were amongst the first three in the world to have an institution and regulator like the National Green Tribunal. Distinguished audience not many countries in the world can claim to have civilisational depth which we as Bharat have thousands of years of civilisational ethos. Long before sustainability became a global buzzword much long before centuries before it became a global buzzword India lived it for centuries where every banyan tree was a temple, every river a goddess and waste an unknown concept in a civilisation that worshipped circularity.

    Our Vedic literature is gold mine for nurturing of mother earth and propagating harmony between men and nature. From Ayurveda’s living harmony to Gandhi’s world has enough for need not for greed. The wise sage who transformed democratic landscape of the world bringing about change through non-violence he said the world has everything, earth has everything for need but not for greed.

    India’s DNA carries the only vaccine against ecological collapse, conspicuous consumption. We only have to read what is there in our gold mine. Environmental depredation if we see the cause of it is brought about on the planet only by one species amongst living beings.

    We do it, no one else does it. Distinguished audience we have to be aware the planet is not exclusive to us we are not its owners. Flora and fauna must flourish and blossom alongside and so must all other living beings.

    In such a scenario men will have to learn to live in harmony with nature and other living beings. Are we doing it? No. Every technological development increasing human prowess is used to captivate and make others’ lives vulnerable to other living beings.

    There will have to be individual focus on optimal utilisation of resources of nature. This has to be our habit. Our fiscal power and our fiscal capacity cannot determine the use of natural resources.

    The consumption has to be optimal. We are paying heavy price already for reckless exploitation of these resources and thoughtless consumption conspicuous and lacking empathy. Distinguished audience protecting earth for future generations, an urgent need calls for sustainable practices that recognise nature’s inherent worth while reconciling conservation with development needs. It’s a delicate balance and NGT is required to navigate the fine print of it.

    Human activities particularly climate change and water management now influence seismic events. Studies have revealed earthquakes we all know are normally because of tectonic processes but then the way we conserve waters, build dams and get them emptied is a cause of profound impact on geological situations and therefore there is a global need to evolve and believe in environmental ethics. This underscores human’s moral obligations to protect and preserve the environment.

    This is the interconnection of all living beings. I can assure you once we lose it we know the worth of it. Let us realise the worth before we lose it forever.

    Both ecological extension and conservation ethics advocate harmonious human-nature relationships and are so easy to bring about. It doesn’t call for anything but a positive mindset towards life, we have to focus on environmental preservation and prudent resource stewardship for generational sustainability. Friends, global environmental challenges necessitate cross-border cooperation and innovative strategies that simultaneously advance ecological sustainability and economic development.

    No individual, no group, no nation can by itself resolve this issue. It has to be done by one and all on the planet. There will have to be convergence.

    I am so glad that a step has been taken by the chairman NGT Mr. Shrivastava by having this conference. More of it and it’s kind of needed. Environmental security must inform nuclear policy also.

    We all know weapon systems have huge ecological impact from manufacturing through potential deployment and pose existential risk that undermines their perpetrated security benefits. Something that is for security will result in our defacement from the planet. There has to be a thought process.

    Developed nations must transcend the political boundaries, environmental thinking adopting models where planetary health becomes foundational to human prosperity and well-being. They cannot isolate themselves. Okay, we are doing fine. We have means, technological means to generate a healthy ecosystem. It can last for some years but not forever. They will have to be enveloped into the menace if they do not join the rest of the global community.

    Friends, just look around. Proliferation of air purifiers, masks, water filters, generators usually witnessed in the last few decades. They represent the grievous symptoms of environmental degradation rather than solutions.

    Authentic progress requires eliminating pollution sources. We have to eliminate them because they are created by us. They are man-made.

    Transforming our relationship with nature and exploitation to stewardship. The Bhopal gas tragedy relations are still unlearned. The Union carbide leakage of 1984. I think if I’m not wrong it was in 2015 that Justice Shrivastava, the judge of the Madhya Pradesh High Court dealt with as a commissioner what compensation could be given. It was mega environmental negligence. Even after four decades families suffered generation after generation genetic disorders and groundwater contamination.

    30 years after it as I reflected Justice Shrivastava dealt with an issue for welfare of the victims. Just imagine how pathetic was the lack of awareness. We did not have an institution like NGT.

    We did not have a regulatory regime that could address the issue. Things would have been very different if there had been a regulatory regime of the current level then. Distinguished audience there is a growing concern that environmental justice often follows a troubling pattern of 4Ds delay, deny, dispose, dissolve.

    This cycle must be broken. I am happy to note NGT is catalysing sensitisation on all fronts on this aspect. And I am sure intervention to the NGT exercise will be scarce.

    It is an expert body. I am not for a moment questioning anybody’s authority or power, sir. But then when expert bodies function and have the facility of getting expertise from people who are really knowledgeable, stalling their action delays environmental protection.

    It is soothing to note that the National Green Tribunal shifts from delay to decisiveness from denial to accountability from mere disposal to true restoration and from dissolution to sustainable resolution is increasingly getting respect of the people, institutions corporate world and workers. Our environmental jurisprudence in the country has to grow by looking into our reservoir I said, gold mine reflected in our Vedic literature. Fortunately, trends are emerging that now transcend remediation to embracing ecological preservation as a fundamental mandate.

    Why should we get into remediation, repair? Let us keep an eagle’s eye. Let us keep it in deep focus. Why should there be no preservation? I admire and compliment the Chairman NGT. He has made no efforts to secure scientific expertise to assist and this is turning out to be a cutting edge to NGT’s adjudicatory functions helping it play a visionary role in environmental governance. The tribunal’s environmental jurisprudence is progressively integrating emerging scientific understanding with established legal doctrines and I can share it with you. Having had modest global exposure, the tribunal’s judgments are looked at with great deference globally.

    Invoking the power to interpret the Constitution, the Supreme Court has, and I would say earliest in the world, given dimensions to Article 21, that healthy environment and right to clean air are integrated inalienable facets of Article 21. Friends, despite the synergy between our constitutional values and cultural ethos, there is now an urgent need to deal with citizenry neglect that is widely evident. I reflect on occasions when no Indian who is abroad throws a banana skin out of a running vehicle. No one does it. Why do we have negligence on our holy land? Citizens must be sensitised and made aware. Such kinds of conferences as indicated by Justice Narasimha play a pivotal role because they get media attention and traction. Steps have been taken by the government, and I can share many steps that are game-changing. Toilet in the house, gas connection in the house. Just imagine making that kind of bulbs, making solar power available. Just imagine. Just a decade ago, our solar power capacity was in single-digit gigawatts. It is now beyond 100 gigawatts. We have an international solar alliance here. During G20, India took the initiative for biofuels.

    So world is changing, but India is changing fastest in the last 10 years, both in economy and infrastructure. But we need to do more because we have to lead on the front foot for the entire world and humanity. Vasudhaiva Kutumbakam.

    At an individual level, we have to be constantly mindful of the environment as guided by one of the पंच प्राण, पर्यावरण संरक्षण यह हमारा धर्म है, यह हमारा कर्म होना चाहिए, यह हमारा दैनिक कर्म होना चाहिए, इसको करने से हम खुद को लाभ देते हैं, देश को देते हैं, दुनिया को देते हैं।

    We should proactively try to reduce our carbon footprint. And mind you, India is the only country where the Prime Minister could declare that not only we abide by the Paris Declaration, but we will meet the target aead other nations and the world has applauded us. The way I look, Chairman Shrivastava, to NGT and for nurturing G for green and T for tomorrow. NGT for me is nurturing green for tomorrow.

    Friends, this is not just wordplay. It is the vision of an institution that connects law, science, and ethics to transform our relationship with nature. Let us draw from our Vedic roots, wield cutting edge tools, and uphold climate justice with unwavering resolve.

    Shanti path from Yajurveda I’ll conclude with that. Let peace prevail in the sky and space. Let peace reign and radiate in earth, in water, and in all plants. Let peace prevail everywhere.

    द्यौः शान्तिः अन्तरिक्षं शान्तिः पृथ्वी शान्तिः वनस्पतयः शान्तिः। ॐ शान्तिः शान्तिः शान्तिः॥

    The earth is not for us to conquer. It is for us to cherish and pass on to posterity to future generations. The NGT which it’s blend of judicial mind and moral clarity is uniquely positioned to lead the charge under the guidance of Justice Prakash Shrivastava. I am grateful for this opportunity. Thank you everyone for your patience.

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    JK/RC/SM

     

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Mineral and non-ferrous metal production on growth track in FY 2024-25 (April- February)

    Source: Government of India

    Mineral and non-ferrous metal production on growth track in FY 2024-25 (April- February)

    Robust Growth in Production of Key Minerals and non-ferrous Metals

    Posted On: 30 MAR 2025 12:43PM by PIB Delhi

    Production of some key minerals in the country has continued to witness strong growth during FY 2024-25 (April- February), after reaching record production levels in FY 2023-24. Iron ore accounts for 70% of the total MCDR mineral production by value. Production of iron ore was 274 million metric tonne (MMT) in FY 2023-24.

    As per provisional data, production of iron ore has increased from 252 MMT in FY 2023-24 (April- February) to 263 MMT in FY 2024-25 (April- February), showing a healthy 4.4% growth. Production of manganese ore has risen by 12.8% to 3.4 MMT in FY 2024-25 (April- February) from 3.0 MMT during the corresponding period of previous year. Production of bauxite has also risen by 3.6% to 22.7 MMT in FY 2024-25 (April- February) from 21.9 MMT in FY 2023-24 (April- February). Production of Lead Concentrate has also risen by 3.5% to 352 THT in FY 2024-25 (April- February) from 340 THT in FY 2023-24 (April- February).

    In the non-ferrous metal sector, primary aluminium production in FY 2024-25 (April- February) posted a growth of 0.9% over the corresponding period last year, increasing to 38.36 lakh ton (LT) in FY 2024-25 (April- February) from 38.00 LT in FY 2023-24 (April- February). During the same comparative period, refined copper production has grown by 7.1% from 4.64 LT to 4.97 LT.

    India is the 2nd largest Aluminium producer, among top-10 producer in refined copper and 4th largest iron ore producer in the world. Continued growth in production of iron ore in the current financial year reflects the robust demand conditions in the user industry viz. steel. Coupled with growth in aluminium and copper, these growth trends point towards continued strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery.

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    Sunil Kumar Tiwari

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  • MIL-OSI Asia-Pac: NFRA and IIT Kanpur jointly organize a Hackathon on Large Language Models (LLM) and Generative AI

    Source: Government of India

    NFRA and IIT Kanpur jointly organize a Hackathon on Large Language Models (LLM) and Generative AI

    Generative AI’s potential to revolutionize financial statement analysis showcased

    Posted On: 30 MAR 2025 4:54PM by PIB Delhi

    NFRA and IIT Kanpur jointly organized a Hackathon to encourage students to build cutting-edge solutions using Large Language Models (LLM) and Generative AI. The objective was to demonstrate  democratizing complex financial statements so that financial information is more readable and understandable. The challenge given was to transform financial data into clear, engaging stories to enable well informed decisions. The hackathon tried to address the challenge, leveraging GenAI. Teams attempted transformative solutions to simplify financial statements and unlock deeper insights.

    Students from various engineering colleges in India participated in hackathon held at IIT Kanpur from 28th and 29th March 2025.

    The hackathon enabled the interaction of academia, students and the regulator joining hands to address common challenges. The solutions were discussed and students were guided how to carry their innovative ideas further forward.

    The presentations made by the teams at the hackathon showed that GenAI has the potential to revolutionize financial statement analysis by simplifying complex financial concepts, automating data extraction, and generating insightful narratives. As technology continues to evolve, stakeholders can expect to see increased adoption in financial reporting leading to more efficient, accurate, and informed financial decision-making.

    Teams from VIT Vellore, MNNIT Allahabad, IIT Lucknow and Rajiv Gandhi University Of Knowledge Technologies, Nuzvid emerged winners in the competitions. The Hackathon was judged by a combined team of experts from IIT Kanpur and NFRA.

    It is also noteworthy that many of the winning teams choose to offer their innovations to the open-source community so that more improvements and value additions can happen and these solutions can be further developed and used by anyone interested. NFRA looks forward to further such opportunities to engage with the student community.

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    NB/AD

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  • MIL-OSI Asia-Pac: Union Home Minister and Minister of Cooperation Shri Amit Shah inaugurates and lays foundation stones for various projects worth over ₹800 crore of the central and state governments in Patna, Bihar

    Source: Government of India

    Union Home Minister and Minister of Cooperation   Shri Amit Shah inaugurates and lays foundation stones for various projects worth over ₹800 crore of the central and state governments in Patna, Bihar

    Bihar, with its fertile land, water, and other natural resources, will benefit the most from the cooperative sector

    The opposition governments completely ruined the cooperative sector in Bihar during their tenure

    The government under the leadership of PM Modi will restart the 30 closed sugar mills in Bihar

    From 1990 to 2005, the opposition ran an industry of murder, kidnapping, extortion, robbery, and looting in Bihar, which completely destroyed the state

    Under the opposition’s rule in Bihar, there were caste massacres and government-sponsored corruption, and the fodder scam tarnished the state’s reputation both in the country and internationally

    The opposition’s tenure will forever be remembered in Bihar’s history as the “Jungle Raj,” and it ended with our government

    Between 2004 and 2014, the central government provided ₹2.8 lakh crore to Bihar, while the Modi government has allocated ₹9.23 lakh crore to Bihar in the past 10 years

    Posted On: 30 MAR 2025 4:20PM by PIB Delhi

    Union Home Minister and Minister of Cooperation, Shri Amit Shah, today inaugurated and laid the foundation stone for various Central and State Government projects worth over Rs 800 crore in Patna, Bihar. The event was attended by several dignitaries, including Bihar Chief Minister Shri Nitish Kumar and Union Minister of State for Home Affairs Shri Nityanand Rai.

    In his address, Shri Amit Shah said that several schemes related to the cooperative sector and other departments were inaugurated and their foundation stones laid today. He highlighted that over the past 10 years, Prime Minister Shri Narendra Modi has undertaken numerous initiatives for the welfare of crores of poor people across the country. Shri Shah criticized previous opposition governments for neglecting the poor, whereas Prime Minister Modi has provided for to meet the essential needs such as housing, electricity, gas, drinking water, toilets, medicines, and 5 kg of free food grains. He emphasized that under PM Modi’s leadership, 80 crore people receive 5 kg of free food grains per person per month, 4 crore people have been given houses, 11 crore gas connections have been distributed, over 12 crore toilets have been built, and free medical treatment of up to Rs 5 lakh has been made available.

    Union Home Minister and Minister of Cooperation, Shri Amit Shah, said that Prime Minister Shri Narendra Modi established the Ministry of Cooperation after 75 years of independence to boost the rural economy, benefiting farmers, women, dairy, fisheries, and agriculture-related activities. He pointed out that for decades, no government prioritized strengthening the cooperative sector. Shri Shah emphasized that Bihar, with its abundant land, water, and natural resources, stands to gain significantly from the cooperative sector in the coming years. He criticized previous opposition governments for neglecting cooperation in Bihar, leading to the decline of the sector and the closure of hundreds of sugar mills. He noted that Bihar once contributed over 30% of the country’s sugar production, but under opposition rule, this share dropped to less than 6%. He assured that the Modi government is committed to reviving the state’s closed sugar mills.

    Shri Amit Shah stated that the Modi government has undertaken significant efforts to strengthen Primary Agricultural Credit Societies (PACS). He highlighted that a Makhana Board has been established in Bihar and announced plans to revive the Maize Research Centre with an investment of Rs 1,000 crore, along with introducing various schemes to support maize farmers. He emphasized that the Government of India is now purchasing the entire maize, pulses, wheat, and rice from farmers at the Minimum Support Price (MSP). Shri Shah also noted Bihar’s leading position in agricultural production, ranking first in litchi, mushroom, and makhana production; second in maize; third in lentil and honey; fifth in moong and sugarcane; and sixth in wheat and rice production. Shri Shah stressed that Bihar has immense potential for agricultural and cooperative sector development, which will be fully harnessed. He assured that the government is committed to reviving all 30 closed sugar mills in the state with full dedication and effort.

    Union Home Minister and Minister of Cooperation said that PACS is now doing various types of work, they have been computerized, and through them, a plan is being implemented to strengthen district-level banks across Bihar. He mentioned that between 1990 and 2005, the opposition governments ran an industry of murder, kidnapping, extortion, robbery, and looting in Bihar, which completely ruined the state. Shri Shah said that during the rule of the opposition governments in Bihar, there were caste massacres, government-sponsored corruption, and the state was defamed in the country and the world due to the fodder scam. He said that the opposition government will always be remembered in Bihar’s history as the “Jungle Raj.”

    Shri Amit Shah said that during the 10-year tenure of the Nitish government in Bihar, roads, electricity, and tap water have reached every village. He mentioned that Prime Minister Modi has worked for the welfare of the poor in Bihar by providing homes, toilets, water, medicines, and ration. He said that during the 10-year tenure of the previous central government, Bihar was given Rs. 2.8 lakh crore, whereas during the 10 years of the Modi government, Bihar has been allocated Rs. 9.23 lakh crore. Shri Shah highlighted that Bihar has received projects worth Rs. 4 lakh crore for roads and bridges, Rs. 1 lakh crore for railway projects, and Rs. 2,000 crore for airport projects. He stated that with Rs. 8,000 crore, seven major bridges are being constructed in Bihar, and with Rs. 31,000 crore, a 5,000-kilometer-long railway line is being built, with the first-ever farmer’s train also starting from Bihar. He added that the Modi government has set up the Makhana Board in Bihar, and with the help of the central government, 766 other projects, including the Barauni fertilizer plant, have been initiated in the state. He emphasized that our government has a 20-year track record of development, and the era of ‘Jungle Raj’ has now ended here.

    The schemes inaugurated and laid the foundation stone by the Union Home Minister and Minister of Cooperation Shri Amit Shah in Bihar today include the foundation stone laying of a project costing Rs. 83.16 crore to develop a storage capacity of sixty-two thousand five hundred metric tonnes in a total of twenty-five PACS under the world’s largest food storage scheme. Apart from this, the foundation stone was laid for the construction of a total of 133 police buildings of the Home Department, which cost Rs. 181.14 crores. The foundation stone was also laid today for three projects of the Ministry of Road Transport and Highways, which cost Rs. 109.16 crores. Moreover, a hostel constructed at Deep Narayan Singh Regional Cooperative Management Institute, Patna at a cost of Rs. 27.29 crore was inaugurated. Makhana processing cum marketing center constructed at a cost of Rs. 46 lakh under the Integrated Cooperative Development Project and a total of 11 warehouses constructed at a cost of Rs. 2.27 crore were also inaugurated today. Along with this, a total of five drinking water supply schemes costing Rs. 421.41 crore were also inaugurated today under the AMRUT-1 project of the Urban Housing and Development Department.

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    RK/VV/PR/PS

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  • MIL-OSI Asia-Pac: Union Minister of State for Power and New & Renewable Energy Shri Shripad Yesso Naik chairs the 3rd meeting of Group of Ministers constituted for addressing issues related to viability of distribution utilities in the country

    Source: Government of India

    Union Minister of State for Power and New & Renewable Energy Shri Shripad Yesso Naik chairs the 3rd meeting of Group of Ministers constituted for addressing issues related to viability of distribution utilities in the country

    Inflation-indexed and cost-reflective power tariffs need of the hour

    Use of AI and digital innovations for financial viability of power sector

    Need to review Net-metering and RPO provisions

    Prudent O&M cost and reasonable Return on Equity (RoE) should be allowed in Annual Revenue Requirement

    Posted On: 30 MAR 2025 10:48AM by PIB Delhi

    Union Minister of State for Power and New & Renewable Energy, Shri Shripad Yesso Naik, chaired the third meeting of Group of Ministers constituted for addressing issues related to viability of electricity distribution utilities in Lucknow today.

    Shri A. K Sharma, Energy Minister, Uttar Pradesh, Shri Gottipati Ravi Kumar, Energy Minister, Andhra Pradesh, Shri Pradyuman Singh Tomar, Energy Minister, Madhya Pradesh, Smt. Meghana Sakore Bordikar, Minister of State for Energy, Maharashtra and Shri Somendra Tomar, Minister of State for Energy, Uttar Pradesh attended the meeting. The meeting was also attended by senior officials from Central Government, State Governments, State Power Utilities of Member States, Power Finance Corporation (PFC) Ltd and REC Ltd.

    In his opening remarks, Union Minister of State welcomed Energy Ministers from the Member States and thanked Energy Minister, Uttar Pradesh, for hosting the meeting. He highlighted about the discussions held during the first two meetings of the GoM and the collective efforts required from the member States for improvement of power distribution sector. He highlighted the need for designing a mechanism for financial restructuring of liabilities of distribution utilities, lowering interest burden on utilities, development of storage solutions, facilitating daytime power supply for agriculture to lower the overall power purchase costs and reduce subsidy burdens.

    The Minister also highlighted the need for implementing AI and digital innovations and need for ensuring cost-reflective tariffs for financial viability of power sector. He added that implementing these measures shall help utilities improve the financial sustainability. He also emphasized the need for a scheme similar to UDAY.

    In his address Energy Minister, Uttar Pradesh thanked the Union Minister of State for having the 3rd meeting of the Group of Ministers in Lucknow.  He highlighted the achievements of the State of Uttar Pradesh in the power sector including adoption of RE technologies. He commended that the measures taken by the Government of India will have far reaching impact on making country’s distribution sector stronger and healthier. He emphasised on the need for expeditious growth of renewable sources of energy coupled with energy storage solutions so as to meet the future challenges of energy transition and growing power demand. Hon’ble Minister mentioned about the importance of the Government of India’s role in aiding human resources development for achieving better outputs.

    Joint Secretary (Distribution), Ministry of Power, GoI made a presentation highlighting key areas of intervention identified during first two meetings of the GoM and proposed measures to be taken by the stakeholders (Central Govt., State Govts. and Regulatory Commissions) to address the viability concern for deliberation.

    TATA power distribution, Odisha, as a special invitee, shared the best practices adopted and their journey toward making their DISCOMs profitable.

    The member States actively participated in the meeting and presented the overview of State DISCOMs. They gave valuable suggestions for improving the financial condition of DISCOMs. States of Uttar Pradesh, Madhya Pradesh, Andhra Pradesh, Maharashtra and Tamil Nadu made presentations on the subject.

    The contours of the Action plan identifying the ways to reduce the outstanding debts and losses of the distribution utilities and the means to bring them into profits, were discussed in detail.

    Emphasis was placed on the need for review of regulators’ performance for determining tariffs. The support from Government of India for Privatisation initiatives by State was suggested. The need for regulators to adapt to the latest developments in the sector including the current levels of RE integration, the requirements of capacity building and O&M costs, while finalizing the tariff, was also discussed. It was discussed that delays in payment of Government department dues and subsidies are forcing DISCOMs to resort to working capital loans, which are not being passed on in tariff. There are also delays in passing on of Fuel and Power Purchase Cost Adjustments in tariffs thus creating need for working capital which are not considered in Annual Revenue Requirements of the Utilities. To avoid future tariff shocks, it was suggested to link tariffs to annual inflation-linked tariff hike.

    The Group of Ministers reiterated its commitment and expressed resolve to take necessary measures for improving the financial viability of DISCOMs.

    In his Closing remarks, the Hon’ble Union Minister of State emphasized on the need for States to demonstrate greater political will and determination to make the power sector viable and urged the member States to work upon the ideas that have emerged during the meeting. It was recommended to invite All India DISCOM Association (AIDA) to the next GoM meeting for their suggestions.

    It was also unanimously decided to have 4th meeting of GoM in Andhra Pradesh in the month of April.

    *******

    Navin Sreejith

    (Release ID: 2116705) Visitor Counter : 216

    Read this release in: Hindi

    MIL OSI Asia Pacific News –

  • MIL-OSI: Parker Blackwood Advisers Forecasts Economic Headwinds and Opportunities in Pre-Election Australia

    Source: GlobeNewswire (MIL-OSI)

    PERTH, Australia, March 31, 2025 (GLOBE NEWSWIRE) — As the Reserve Bank of Australia (RBA) prepares to announce its monetary policy decision on Tuesday, April 1, 2025, Parker Blackwood Advisers provides its latest insights into an evolving economic landscape defined by cautious optimism, global headwinds, and a looming federal election.

    Following the RBA’s surprise February rate cut—lowering the cash rate from 4.35% to 4.10%—most major banks now anticipate the central bank will pause further easing during the April meeting. The cash rate remains at 4.10%, and while expectations for future reductions vary, there is broad consensus that the next cut is more likely to occur mid-year, with estimates ranging from May (Commonwealth Bank) to August (ANZ). Westpac and NAB also expect multiple cuts before year’s end, bringing the rate closer to 3.35%.

    While inflation has moderated, last recorded at 2.4%—well within the RBA’s target band of 2–3%—uncertainty remains high. Parker Blackwood Advisers analysts caution that monetary easing alone is not a panacea. The upcoming May 3 federal election introduces fiscal unpredictability, while global developments—including the possibility of renewed U.S. tariffs—could exert upward pressure on prices and delay the disinflation trend.

    “Markets have welcomed the February rate cut, but future moves will be heavily data-dependent,” said Daniel Lewis, Account Executive at Parker Blackwood Advisers. “We don’t expect an aggressive cutting cycle. The RBA is aware of the risks of acting too quickly and reigniting inflation.”

    The firm’s research team emphasizes that Australia’s economic fortunes remain closely tied to international trade flows. Any disruption—such as shifting trade policies under a potential second Trump presidency—could complicate domestic monetary policy and affect investor confidence.

    Parker Blackwood Advisers also continues to spotlight Australia’s sluggish productivity growth as a critical structural challenge. Without sustained improvements in output per worker, meaningful wage growth and long-term economic expansion will remain elusive.

    “We view productivity as central to the recovery narrative,” added Rupert Wade, Account Executive. “If interest rates are to fall sustainably, we must match monetary policy with real reforms—particularly in innovation, infrastructure, and education.”

    While many households hope for further rate relief, Parker Blackwood Advisers underscores that any easing will likely be gradual, with decisions spaced across the RBA’s remaining six meetings this year. Governor Michele Bullock has reiterated that policy moves will be measured to avoid reigniting inflationary pressures.

    In this transitional environment, Parker Blackwood Advisers wealth management team continues to support clients in repositioning portfolios. With interest rate trajectories uncertain and traditional investment avenues offering limited real returns, demand for fixed income and private market opportunities is growing.

    “Investors are moving away from a passive, wait-and-see approach,” observed David Reid, Account Executive. “We’re seeing strong interest in defensive yield strategies that balance stability with attractive returns.”

    Everyday investors across Australia are increasingly seeking alternatives to term deposits and property—especially in the face of rate volatility and global unpredictability. At Parker Blackwood Advisers, our approach is clear: we offer tailored investment strategies designed to reflect your risk profile, financial goals, and long-term vision.

    Whether you’re focused on capital preservation, steady income, or exposure to non-traditional markets, our experienced advisers can help build a resilient financial plan—regardless of where rates move next.

    About Parker Blackwood Advisers
    Founded in 2013, Parker Blackwood Advisers is a premier financial services provider based in Perth, Australia. With a focus on personalised investment strategies, the firm offers a broad range of wealth management solutions, including asset allocation, investment management, and financial planning. Managing over $4.7 billion in assets, Parker Blackwood Advisers is dedicated to helping clients achieve their financial goals through tailored, expert guidance.

    Disclaimer
    Parker Blackwood Advisers is a trading name of Parker Blackwood Advisers Corporation Pty Ltd (ABN: 98 162 183 244), holder of AFSL 434-071. Investing carries risks, including potential loss of capital. Information provided is general and not financial advice. Past performance is not a guarantee of future results.

    Mr. Paul Allen
    Head of Marketing
    paul.allen@parker-blackwood-advisers.com
    1300 040 221
    08 6275 0960
    Exchange Tower,
    Level 17/2 The Esplanade
    Perth WA, 6000

    Source: Parker Blackwood Advisers

    The MIL Network –

  • MIL-OSI New Zealand: Research – Democracy at risk – Amnesty International

    Source: Amnesty International Aotearoa New Zealand

    Democracy at risk
    Recent research commissioned by the Helen Clark Foundation raises serious concern for social cohesion in Aotearoa. This research is not alone, with other reports raising similar issues, including a 2024 survey carried out by the OECD that reported only 44% of New Zealanders believed that the political system allowed people like them to have a say in what Government does.
    These reports are part of a broader concerning context. This includes actions by Government showing a disregard for a fundamental part of our constitutional make-up – Te Tiriti. Many communities are facing deeply disturbing attacks, as recently highlighted by the violence encountered at Pride. We’re seeing accountability and transparency challenged through issues like an increased use of urgency by successive Governments and ongoing serious problems with the Official Information Act, to name a few.
    Community plays an important role when it comes to connection and belonging. Aotearoa New Zealand’s many community groups create spaces for people to come together, connect and collectively work to better their communities and broader society. However, so many community groups that can provide these spaces are reporting serious financial strain. Additionally, many people participating in these community groups have suffered personal consequences as a result.
    Lisa Woods, Movement Building and Advocacy Director for Amnesty International Aotearoa New Zealand, said, “For so long now we’ve been hearing from people who have faced serious attacks because they tried to stand up for human rights and contribute to societal conversations. People are having to take a step back from participating as a result.
    “These are not signs of a healthy, thriving democracy. In fact, this is a risk to human rights across the board,” said Woods.
    It is clear action is required in a number of areas. This starts with getting our foundation right.
    Jacqui Dillon, Executive Director of Amnesty International Aotearoa New Zealand, said, “Step one for Aotearoa New Zealand is upholding Te Tiriti and the tino rangatiratanga it guarantees.
    “In doing so we can build a strong foundation that provides a place for us all to belong, for respectful relationships to flourish and a just foundation for how we can make decisions together,” said Dillon.
    The Government must recognise there is a problem and work in partnership with communities to explore how we can strengthen our society. For example, how can people and communities be more empowered to influence policy and have a say over their future. This is especially important when it comes to people who will be most impacted by an issue.
    Decision-makers need to consider who needs to be around the table at the earliest stages of policy development and think more creatively about how the policy process can work to truly empower people and communities.
    “When our systems are designed so we can all make a meaningful contribution, we can all benefit in so many ways, including more well-rounded and informed decision-making, stronger communities and feelings of belonging and connection.
    “Our democracy is stronger when there’s space for everyone to take part meaningfully,” said Dillon.

    MIL OSI New Zealand News –

  • MIL-Evening Report: These 3 arguments are part of the long game in Trump’s trade wars

    Source: The Conversation (Au and NZ) – By Markus Wagner, Professor of Law and Director of the UOW Transnational Law and Policy Centre, University of Wollongong

    Since returning to office in January, US President Donald Trump has doubled down on using trade measures – mostly tariffs – to reshape global trade. He plans to impose reciprocal tariffs on what he has labelled “Liberation Day”, April 2.

    The Trump administration claims US producers face higher tariffs and more restrictions abroad than foreign producers when they export to the US.

    The administration also examined tax systems such as Europe’s Value Added Tax and Australia’s GST, import regulations and other factors. It believes – mostly wrongly – these unfairly disadvantage American businesses and contribute to the US trade deficit.

    As with many Trump initiatives, actual tariffs often change significantly between announcement and implementation, if they are implemented at all.

    His reciprocal tariffs have been narrowed to imports from the US’ largest trading partners instead of imports from all countries. There may also be tariffs on specific sectors. Last week, Trump announced 25% tariffs on cars from overseas. At the weekend said he “couldn’t care less” if this made cars more expensive for US consumers.

    Coercive control, revenue and re-shoring

    President Trump has raised a myriad of puzzling arguments in favour of tariffs. They largely fall into three categories:

    The first is the use of tariffs as a coercion tool against other countries. In the first Trump presidency, trading partners were pressured to renegotiate trade agreements such as the renamed but largely identical US-Mexico-Canada agreement.

    Similarly, the Trump administration used the threat of tariffs to gain market access, elicit better trade terms or as a form of weaponised trade to achieve unrelated foreign policy goals.

    Last week, Trump suggested he would consider a reduction in tariffs on China in exchange for a sale of TikTok by its Chinese owner.

    The second category is the use of tariffs as a source of revenue. The Trump administration envisions tariffs to be collected by a yet-to-be-created External Revenue Service. This would form the flip side of the powerful and much-maligned Internal Revenue Service.

    Trump claims tariffs will be paid by the exporting country. This would be in theory to finance future tax cuts. In practice, tariffs are almost always paid by the importer of goods and usually get passed on to consumers.

    There is a potential contradiction between these two rationales. It appears the Trump administration wants to make at least some tariffs permanent. But doing so would almost nullify the use of tariffs as a bargaining chip and coercion tool.

    The final category is to encourage companies to “re-shore” production to the US to avoid tariffs and to support US jobs.

    This would signal a reversal of what 1994 presidential candidate Ross Perot, speaking of the North American Free Trade Agreement, called the “giant sucking sound going south”. Some manufacturing may return to the US. But the high costs of building new factories, re-routing supply chains and uncompetitive US labour costs will hinder large-scale re-shoring efforts.

    A long-term plan?

    The Trump administration’s trade moves can be seen as part of a larger strategy to reshape the US domestic and the global economic system.

    In a recent speech, US Vice-President JD Vance argued for a structural reshaping of the US economy, to increase domestic innovation capacity.

    Vance warned “deindustrialisation poses risks both to our national security and our workforce”. Vance himself sums up this approach by characterising tariffs as a “necessary tool to protect our jobs and our industries”.

    This line of argument overlooks a number of critical factors. Tariffs lead to higher prices for consumers. Unless currencies adjust, the inflationary impact could disadvantage the very people that can least afford it.

    The same is true if other countries respond to US trade measures by responding in kind, as Canada and the European Union already have.

    American farmers and other export-oriented industries will be hard hit. From a strategic perspective, the US position as global leader has suffered a severe blow. Some countries are openly pivoting to its geopolitical and economic rival, China.

    If this scenario comes to pass, the US pullback – an outright withdrawal is unlikely – from the highly integrated international trading system might end up a more chaotic version of the UK’s pursuit of Brexit.

    A step back in time

    The world of liberalised trade that followed the end of the Cold War in 1990 is ending. Countries will turn inwards, prioritising their economic security and resilience. The costs of this turn away from multilateralism and international institutions, however, are not just economic.

    The close economic integration we have witnessed post-1990 has led to reduced uncertainty in international economic relations, increased international security and greater prosperity.

    A return of the “beggar thy neighbour” policies of the 1930s would be a dangerous path, with the world inching closer to the abyss. “Liberation Day” might push the world over the edge.



    Read more:
    What are non-tariff barriers – and why is agriculture so exposed?

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

    – ref. These 3 arguments are part of the long game in Trump’s trade wars – https://theconversation.com/these-3-arguments-are-part-of-the-long-game-in-trumps-trade-wars-252516

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI New Zealand: Federated Farmers – Review of costly capital rules long overdue

    Source: Federated Farmers

    Federated Farmers welcomes today’s announcement that the Reserve Bank will be reviewing its capital requirements, which have been costing farmers a fortune.
    “The current rules are overly conservative and among the strictest in the world,” Federated Farmers banking spokesperson Richard McIntyre says.
    “That’s why Federated Farmers have been so vocal on this issue and leading the charge in calling for the Reserve Bank to make significant changes.
    “Overly strict banking rules have done nothing but unnecessarily drive up the cost of rural lending and restrict our access to capital. To put it bluntly, they’ve been bleeding us dry.
    “We’re pleased the Reserve Bank has finally seen the light and taken the first steps towards easing some of the pressure farmers have been feeling by announcing this review.”
    McIntyre says he hopes the Reserve Bank will move quickly in carrying out the review and will put in place a system that is less conservative and more supportive of economic growth.
    The current rules – requiring banks to hold enough capital to withstand a one-in-200-year financial event – are costing farmers a fortune, he says.
    “We’re talking about $600 million of unnecessary extra interest payments each year in terms of the total cost to farmers.
    “That’s $44,000 of extra interest payments for your average Federated Farmers member that comes straight off their bottom line.
    “It’s an eye-watering sum of money being drained from our rural communities that could have otherwise been used to grow our agricultural sector.”
    McIntyre says the Reserve Bank must wake up to the damage its policies are doing to farmers, rural communities and the wider economy.
    “Under these rules, we’ve seen the cost of borrowing soar, and it’s become harder for farmers to get loans when they need them.”
    If there are savings to be made from reducing capital requirements, those savings must reach farmers directly, he says.
    “Any savings that result from an easing of the capital rules cannot go into padding out bank profits – we’ll be keeping an eye on that closely.
    “This review should also encourage a closer look at bank behaviour. We need transparency to ensure farmers are getting a fair deal.
    “Today’s announcement is a positive step in the right direction, but we need this review to result in an easing of the rules – and fast.”  

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Health and safety reform: missed opportunity to make workplaces safer

    Source: New Zealand Institute of Safety Management

    Health and safety professionals say the Government has squandered an opportunity to make serious inroads into New Zealand’s appalling workplace health and safety record.
    “The reform plan announced today is underwhelming and unambitious,” said Mike Cosman, New Zealand Institute of Safety Management Chair. “The Government has missed a golden opportunity to improve our poor health and safety performance.”
    50-70 people a year die in workplace accidents (double the rate of Australia and four times that of the UK). Another 700-1,000 die from workplace diseases and many thousands of others suffer significant harm.
      “We want to see all workers come home to their families healthy and safe; we can’t see these reforms improving these dismal numbers.
    “The reforms are focused instead on costs to businesses of prevention and not the much greater costs of harm. This seems to be looking through the wrong end of the telescope to us because the cost of our poor health and safety record is north of $4.9 billion per year to say nothing of the impact on workers and their families.
    “We’re deeply worried about proposals to exempt small businesses from some health and safety rules. Small businesses are less safe than big ones so this change is backwards. Why should workers face more risks if they work for smaller companies?
    “The sad thing is that the Minister had a blueprint that she’s ignored. All the players in our health and safety system have been clear what’s needed but the Minister appears not to have listened.”
    In October last year, key players from across the health and safety system including employers, experts, unions, academics, and representatives of our highest risk sectors wrote to the Minister and her Cabinet colleagues setting out what we know will fix our health and safety system. These recommendations highlighted the need for a much more strategic and coordinated approach.
    “Apart from some improvements to guidance development by WorkSafe, Minister van Velden has ignored advice from employers, workers and experts.
    “If the Prime Minister wants New Zealand be the best place in the world to live in by 2035then he should make turning around our shameful workplace injury and illness record a top priority. And if he wants to grow the economy, we need a healthy workforce to do it. An injured worker puts strain on businesses, ACC and the health system.”

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: ACT welcomes RBNZ’s review of banking red tape

    Source: ACT Party

    Welcoming the Reserve Bank’s review of banking capital requirements, Mark Cameron – who represents ACT on the select committee inquiry into banking practices – says:

    “ACT Party has been sounding the alarm about these rules since 2019, so we’re glad to see the Reserve Bank finally take notice.

    “These rules are driving up borrowing costs for firms, farms, and families.

    “Last week, as part of the Parliamentary banking inquiry, I asked Westpac CEO Catherine McGrath about the effect of the capital requirements. She told me that reversing the capital requirement introduced in 2019 would result in an additional $2 billion circulating in the economy – or about a 50 basis point cut in interest rates.

    “BNZ previously confirmed to me that costs are falling particularly hard on famers, with the rules driving up rural interest rates by one whole percentage point. It’s about time our farmers got a fair go to invest in their land so they can feed New Zealand and the world.

    “The irony is that by putting pressure on sectors such as farming, these rules risk putting people out of business and fuelling the instability the rules are meant to prevent. Hopefully the Reserve Bank will see sense and scrap these burdensome requirements.”

    MIL OSI New Zealand News –

  • MIL-OSI China: Hong Kong’s mega-event March sees over 3.4M visitors

    Source: China State Council Information Office

    Hong Kong recorded more than 3.4 million visitors in March as of Friday, up about 12 percent year-on-year, including around 960,000 non-Chinese mainland tourists, boosted by a slew of mega events held in Hong Kong this month, Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, has said.

    In a blog post on Sunday, Chan highlighted the Hong Kong Sevens, a major rugby event concluding on Sunday, which has elevated the festive atmosphere to new heights. The Kai Tak Sports Park, freshly opened in March, offers a larger venue with world-class facilities for the matches, with expected attendance reaching a record 140,000. All 60-plus corporate boxes at the venue were sold out well in advance, he said.

    Chan shared his personal experience at the Art Basel Hong Kong exhibition held at the Hong Kong Convention and Exhibition Center. He said that the five-day event is projected to attract more attendees than last year’s turnout of 75,000. Earlier this month, the international trendy cultural event ComplexCon also saw success, drawing 35,000 visitors, a 16 percent increase from the previous year, with total sales exceeding 87 million Hong Kong dollars (11.18 million U.S. dollars) over three days, he added.

    In recent weeks, several major conferences have taken place, including the Wealth for Good in Hong Kong Summit 2025, hosted by the HKSAR government, along with various meetings organized by financial, academic, media, and international institutions.

    Chan noted that international guests frequently observed that Hong Kong has regained its vibrancy and energy. The financial market has shown notable improvement this year, with rising stock markets and significant increases in trading volume. New stock financing activities have also become more active.

    Coupled with breakthroughs in cutting-edge technologies like artificial intelligence and developments in the cultural and creative industries, international investors are reassessing the financial markets in Hong Kong and the Chinese mainland, increasing their investment allocations in the region. They also hope to explore more investment opportunities in the Chinese mainland and surrounding areas through Hong Kong as a platform, Chan said.

    Looking ahead, Chan stated that the HKSAR government would continue to promote the mega-event economy and would work alongside the industry to encourage and support businesses in developing more unique products and services, continually enhancing customer experiences to create a bustling and prosperous environment. 

    MIL OSI China News –

  • MIL-OSI China: Foreign auto brands seize growth opportunities in China

    Source: China State Council Information Office

    An increasing number of foreign-funded enterprises are seizing development opportunities in China’s new energy vehicle (NEV) sector by boosting investment, expanding their market presence, and advancing projects, research and cooperation.

    The global automotive industry’s shift from internal combustion vehicles to NEVs has opened new opportunities for both China and Germany, said Helmut Stettner, CEO of Audi FAW NEV Co., Ltd.

    “We see that the switch to electric mobility is accelerating in China, especially in the premium market. Despite some challenges, it continues to offer significant growth potential for Audi. We want to and will participate in this development,” he added.

    In March, German carmaker BMW partnered with Chinese tech giant Huawei to develop an in-car digital ecosystem specifically tailored for the Chinese market. Tesla’s Megafactory in east China’s Shanghai, the first of its kind built by Tesla outside the United States, also exported its first batch of Megapack energy-storage batteries this month.

    “China’s NEV market holds immense potential, continuously improving business environment and complete, efficient industrial and supply chains, which are the key factors driving foreign auto companies to invest and deepen their presence in the Chinese market,” said Gao Yuning, deputy dean of School of Public Policy and Management, Tsinghua University.

    In 2024, China’s production and sales of NEVs both exceeded 12 million units, solidifying the country’s leading position in the global market. China has established a comprehensive industrial chain, supplying 70 percent of the world’s battery materials and 60 percent of power batteries.

    In recent years, the Chinese government has created a favorable development environment for the NEV market through policies and measures such as purchase subsidies, extensive charging infrastructure, and the construction of intelligent connected vehicle demonstration zones.

    Data from the Ministry of Commerce showed that over 60 percent of vehicles purchased under the automobile replacement and renewal subsidy policy in 2024 were NEVs. As of Dec. 19, 2024, foreign brands accounted for more than 35 percent of the vehicles purchased through the policy.

    The open-mindedness of Chinese consumers toward new technologies and innovation, coupled with their focus on intelligent networking technology, has created new avenues for reform and business opportunities for foreign car companies.

    According to a Tesla salesperson in Changchun, northeast China’s Jilin Province, in the past, customers paid more attention to cruising range and cost performance, but now they look at the intelligent configuration of vehicles, such as smart cockpits and automatic parking.

    An increasing number of foreign car companies in China believe that developing new models tailored to the Chinese market is key to their future success. They are focusing on integrating smart driving, car networking and green solutions that align with the preferences and habits of Chinese consumers to achieve market breakthroughs.

    Among them, Volkswagen Group signed a strategic cooperation agreement with China’s First Automobile Works (FAW) in March to introduce 11 new models specifically tailored for the Chinese market, starting in 2026.

    “Our enduring partnership with FAW is a strong pillar of our success in China. Aligned with our ‘In China, for China’ strategy, we are further advancing FAW-VW’s product portfolio covering all powertrains, with a strong focus on NEVs, to meet evolving customer needs,” said Ralf Brandstaetter, chairman and CEO of Volkswagen Group China.

    The steady development of the Chinese economy and China’s continuous high-level opening-up are the biggest sources of confidence for foreign investment to boost their presence in China, Gao Yuning said. 

    MIL OSI China News –

  • MIL-OSI New Zealand: Help shape the future of farm plastics recycling

    Source: New Zealand Government

    The Government is encouraging New Zealanders, particularly in rural areas, to share their views on proposed regulations to improve the management of farm plastic waste, Environment Minister Penny Simmonds says.

    “The proposal – an industry-led initiative – would bring the existing Agrecovery and Plasback programmes into a single national recycling system, making services simpler and more accessible for all users of regulated farm plastics,” Ms Simmonds says.

    The proposed regulations would support a nationally consistent product stewardship scheme for agrichemicals, their containers, and farm plastics, helping farmers and growers reduce their environmental impact while maintaining productivity.

    “Plastic products are vital to New Zealand’s world-leading agri-economy, but rural communities know that waste like agrichemical containers and bale wrap can quickly pile up,” Ms Simmonds says. 

    “These regulations will provide a unified system where producers, sellers, and users take responsibility for the entire product lifecycle, from design to disposal.”

    Public consultation, opening today, will focus on regulations supporting the new product stewardship scheme, provisionally named Green-farms. In addition to farmers and growers, industries such as forestry, manufacturing, hospitality, and tourism, as well as local authorities and households, would have access to national take-back services.

    “The scheme offers a practical solution for a wide range of consumers, including households needing proper disposal options for pest and weed control product containers,” Ms Simmonds says.

    The programme will ensure farmers have access to free-to-use drop-off sites and collection services while working alongside regulations for producers and importers.

    “Key industry stakeholders back the scheme, which offers a better alternative to burning or burying plastic waste on farms. Rural communities want a simple, effective system, and we welcome feedback to refine the proposed regulations,” Ms Simmonds says.

    Consultation on the new regulations will run until 1 June 2025.

    Information and submission forms are now available: Proposed product stewardship regulations: Agrichemicals, their containers, and farm plastics – Discussion document | Ministry for the Environment

    Further information:

    Agrichemicals and their containers, and farm plastics are one of six priority products for which stewardship schemes must be implemented under the Waste Minimisation Act 2008: Priority product stewardship | Ministry for the Environment

    Read more about the scheme: Agrecovery’s Green-farms Product Stewardship Scheme accredited to create more recycling opportunities for farmers – Agrecovery

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Economy – RBNZ expands access to the Exchange Settlement Account System

    Source: Reserve Bank of New Zealand

    31 March 2025 – The Reserve Bank of New Zealand – Te Pūtea Matua is opening access to its Exchange Settlement Account System (ESAS) following a comprehensive public consultation.

    On 27 March 2025 the Reserve Bank Board approved revised access criteria for the ESAS, the payments and settlement system used by banks and other approved financial organisations.

    The new access criteria were informed by a multi-year review of ESAS access. The review included two public consultations, the most recent in November 2024.

    The new criteria will open ESAS eligibility to more non-bank entities in two phases:

    First, to licensed non-bank deposit takers (NBDTs) in New Zealand; and
    Second, to other entities that meet the access criteria. This may include payment service providers, overseas deposit takers and operators of designated Financial Market Infrastructures (FMIs).

    “The revised policy and criteria allow ESAS access and use to be broadened while protecting the safety, efficiency and integrity of this vital system,” RBNZ Payment Services Director Steve Gordon says.

    ESAS application process

    Licensed NBDTs in New Zealand have requested access to the ESAS to hold reserves to meet prudential liquidity requirements.

    While every application will be carefully and individually assessed, the way licensed NBDTs in New Zealand intend to use the ESAS, and their regulation by RBNZ, mean their application process will be less complex than other non-bank entities and can be expedited.

    We are working to finalise details and information for potential applicants so we can open the application process as quickly as possible.

    As soon as practicable in the coming weeks, we will publish submissions from the second ESAS access review consultation, the revised access policy and criteria, and information for phase one applicants to begin the application process.

    We will provide another update, and revise ESAS content on our website, when more information is available.
     

    More information

    Existing information about ESAS and the access review on the RBNZ website: Exchange Settlement Account System – Reserve Bank of New Zealand – Te Pūtea Matua: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=0cd9396071&e=f3c68946f8

    Information about FMIs on the RBNZ website: Financial market infrastructures – Reserve Bank of New Zealand – Te Pūtea Matua: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=6a2771c173&e=f3c68946f8

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Transport Sector – Delay in replacing Cook Strait Ferries major risk for industry and economy

    Source: Ia Ara Aotearoa Transporting New Zealand

    The first results from the 2025 National Road Freight Survey show that 79 per cent of road freight industry participants agreed or strongly agreed with the statement that “the delay in replacing the Cook Strait ferries is a major risk for the road freight industry and New Zealand economy”.
    The survey, undertaken by Research NZ on behalf of national road freight association Ia Ara Aotearoa Transporting New Zealand, was open to road freight company owners, managers, drivers and staff across the country. 196 industry participants took part in the survey, that closes at midday today (Monday 31 March).
    Transporting New Zealand Advocacy and Policy Lead Billy Clemens says the survey results highlight the importance of the Government’s upcoming announcement on Cook Strait ferry procurement and achieving meaningful progress on getting replacement vessels operating.
    “Transporting New Zealand and our members are looking for the forthcoming announcement to provide certainty around the procurement process, and a timeframe for when we can expect replacement vessels and the necessary landside infrastructure.
    “We recently met with Minister Peters, the Minister for Rail, and reiterated our position that competition must be maintained across the Cook Strait connection, there must be capacity for the forecast growth in the domestic freight task, and maintaining the frequency of services must be a priority.
    “The results of the National Road Freight Survey confirm what we’ve been hearing consistently from our members and industry sector groups – the Cook Strait connection is a real priority for the road freight industry.
    “Approximately $30 billion in freight crosses the Strait each year, so it is essential to have a safe and resilient connection between the islands. This is particularly vital for carriers who carry livestock and other time-sensitive freight. It’s also particularly important to the Mainland, with most freight travelling south.
    “Back in June 2024, the Ministerial Advisory Group on Future Ferry Services on the Cook Strait recommended that a contract for new ships be signed by 1 October 2024 at the latest, noting this would mitigate the risk that ‘potentially advantageous options could be taken up by other operators and lost to the Crown while KiwiRail works to settle the HMD [iReX] claim’.
    “The road freight industry needs to see some real progress being made on procurement.”

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Employment Issues – IPL fuel workers strike begins over unfair bonus scheme exclusion – Workers First Union

    Source: Workers First Union

    Despite multiple attempts to resolve the issue through mediation, IPL continues to offer the bonus only to non-union employees, a decision that Workers First says is unlawful under the Employment Relations Act 2000.
    “Our members are taking strike action today after being denied the same rights as their colleagues because they’ve chosen to bargain collectively,” said Justin Wallace, Workers First organiser. “Denying union members a financial benefit that non-union members receive is a clear-cut case of discrimination.”
    The strike, which began today, will continue for six days from 12:01 AM – 11:59 PM on March 31 and April 2-6. As IPL plays a key role in fuel testing for airports and petrol stations, the strike could slow the certification and release of fuel, including jet fuel, potentially impacting supply chains. Channel Infrastructure, the owner of IPL, manages a critical 170-kilometre pipeline delivering diesel, petrol, and jet fuel to the Auckland and Northland markets, which constitutes 40% of New Zealand’s fuel demand.
    “The responsibility for any disruption lies squarely with IPL and Channel Infrastructure,” said Mr. Wallace. “This issue could have been resolved if management had chosen to treat all employees fairly rather than punishing those who are unionised.”
    Channel Infrastructure recently reported a net profit of $26 million for the full year ending December 31, 2024. Despite a 6% drop in profits compared to the previous year, revenue increased by 7% to $139.8 million. The company has also invested $55 million in infrastructure projects and signed long-term contracts worth around $120 million.
    “This is not a question of affordability – it’s about fairness,” said Mr. Wallace. “Even non-union staff can see the injustice and support our members’ stand.”
    “IPL needs to stop discriminating and extend the bonus scheme to all eligible employees. We remain open to further discussions if they’re willing to address these concerns in good faith.”

    MIL OSI New Zealand News –

  • MIL-OSI Submissions: Australia – Fairness and the rule of law must underpin election commitments – Law Council

    Source: Law Council of Australia

    As parties and individuals seeking election finalise the policies they will take to the people in the lead up to the Federal polls, the Law Council of Australia is calling on them to prioritise protection of the rule of law, promote the administration of justice, support the exercise of rights under the law and commit to the principles of good law making.

    “Today we release our 2025 Federal Election Call to Parties. We wholeheartedly believe the recommendations made in this document can make Australia a fairer and more just society,” Law Council of Australia President, Juliana Warner said.
     
    “The Law Council is seeking a commitment from candidates to improve access to justice for all Australians by providing vital, and long overdue, funding for legal assistance services. These services are relied upon by Australians to help to resolve family law disputes, remove themselves from harm, enforce their employment rights, defend themselves against charges, or make sure they have a roof over their head.
     
    “The Law Council is particularly calling on those seeking election to establish a financially sustainable model of grants of legal aid to private practitioners, including Independent Children’s Lawyers, to ensure they can continue to deliver high-quality legal assistance services across Australia.
     
    “Around 72 per cent of legal aid approved matters – more than 100,000 cases – are provided by private practitioners, the majority of whom are working in very small businesses. But these lawyers and small businesses are at breaking point, and many are considering walking away from legal aid work unless rates are raised to more sustainable levels.  
     
    “The level of unmet legal need continues to rise as a result of funding failures. Sadly, those most harmed by these failures are the most vulnerable members of our community, including children, First Nations people, people with disability and older Australians.
     
    “In particular, people living in rural, regional and remote parts of Australia can find it difficult to access a lawyer when they need one. To assist with this growing crisis, the Law Council is proposing a HELP debt relief incentive that we believe can help bring more lawyers to where they are needed.”
     
    The Law Council’s Call to Parties offers considered proposals on a range of other challenges facing Australia today.
     
    “Our next Government must adopt an approach to criminal justice reform that is evidence-based and consistent with the rule of law and Australia’s international human rights obligations,” Ms Warner said.
     
    “This should include national leadership on child justice in line with the recommendations of the National Children’s Commissioner; raising the minimum age of criminal responsibility at the federal level to 14 years; repealing all Commonwealth provisions imposing mandatory minimum periods of imprisonment; and in line with the recent Budget commitment, the establishment of a Commonwealth Parole Board.
     
    “The Law Council is also seeking a commitment to ensuring that our laws are operating as intended – supported by appropriately resourced services – when it comes to protecting and supporting those experiencing family violence.
     
    “The responses we are seeking also include the establishment of a Federal Judicial Commission, further privacy reforms, careful improvements to the regulation of artificial intelligence technology, and the introduction of a federal Human Rights Act.
     
    “Each of the reform measures we are calling for must be underpinned by a commitment to proper consultation with relevant stakeholders.
       
    “Good lawmaking depends on robust and transparent consultation processes. The Law Council is concerned that legislative reform processes are increasingly rushed and lack transparency or public scrutiny. This impacts the efficacy, accuracy and appropriateness of potential reforms. It also undermines the participation of civil society and may erode democratic culture and decision making.
     
    “The Law Council will be asking parties and independent candidates for formal responses to each of the recommendations contained in its Call to Parties, which we will share with the profession and public.”

    MIL OSI – Submitted News –

  • MIL-OSI China: China’s homegrown jetliner C909 enters Lao market

    Source: China State Council Information Office

    China’s domestically developed regional jetliner, the C909, marked another milestone in its international expansion as Lao Airlines took delivery of the aircraft on Sunday, becoming its second overseas operator.

    This C909 aircraft, featuring a 90-seat all-economy class configuration, was delivered under a leasing arrangement. It is expected to undergo a series of preparations in Laos before entering commercial operations.

    According to the aircraft maker Commercial Aircraft Corporation of China, Ltd. (COMAC), the C909, bearing interior and exterior signage in Lao and a custom-designed livery, boasts excellent high-temperature performance and the ability to take off and land on short and narrow runways. These features ensure that it is able to adapt to Southeast Asia’s operational environment.

    COMAC has established a dedicated team to assist Lao Airlines with various preparations, including manual development, personnel training, spare parts support and maintenance capability.

    Formerly known as ARJ21, the C909 aircraft is a domestically developed regional jetliner with a range of 2,225 to 3,700 km, making it suitable for most domestic routes in Laos as well as regional international flights.

    So far, 162 units of C909 have been delivered, serving 645 routes across 158 cities and safely transporting over 20 million passengers, said COMAC.

    In 2022, this model was delivered to its first overseas client TransNusa, an Indonesian airline, making it China’s first indigenously developed passenger jetliner to enter foreign markets.

    MIL OSI China News –

  • MIL-OSI Australia: Advice under development – income tax issues

    Source:

    [3957] Taxation privileges and immunities of international organisations and persons connected with them

    Title

    Final Taxation Ruling

    Income tax: income of international organisations and persons connected with them that is exempt from income tax

    Purpose

    The final Ruling will update the ATO view in Taxation Ruling TR 92/14 Income tax: taxation privileges and immunities of prescribed International Organisations and their staff (now withdrawn) following the High Court decisions in Macoun v Commissioner of Taxation [2015] HCA 44 and Commissioner of Taxation v Jayasinghe [2017] HCA 26.

    Expected completion

    To be advised

    Comments

    Draft Taxation Ruling TR 2019/D1 Income tax: income of international organisations and persons connected with them that is exempt from income tax published on 27 March 2019. Comments period closed 28 May 2019.

    Draft Taxation Ruling TR 2024/D2 Income tax: exempt income of international organisations and persons connected with them published on 22 May 2024, replacing TR 2019/D1. Comments period closed 21 June 2024.

    Contact

    Simon Weiss, Office of the Chief Tax Counsel

    Phone: (02) 6216 1943

    Simon.Weiss@ato.gov.au

    [4056] Decline in value of a depreciating asset

    Title

    Decision impact statement on Commissioner of Taxation v Shell Energy Holdings Australia Limited [2022] FCAFC 2

    Purpose

    The Decision impact statement provides the ATO’s response to the Full Federal Court decision, which concerned whether the amount of the deduction available under section 40-25 of the Income Tax Assessment Act 1997 for the decline in value of a depreciating asset was the cost of that asset by virtue of the operation of section 40-80 of that Act.

    Comments

    The Decision impact statement on Commissioner of Taxation v Shell Energy Holdings Australia Limited [2022] FCAFC 2 published on 31 January 2023. Comments period closed on 3 March 2023.

    Contact

    Nitin Gulati, Office of the Chief Tax Counsel

    Phone: (02) 9285 1661

    Nitin.Gulati@ato.gov.au

    [4115] Personal services business and Part IVA

    Title

    Final Practical Compliance Guideline

    Personal services businesses and Part IVA of the Income Tax Assessment Act 1936

    Purpose

    This Guideline explains when we are more likely to apply resources to consider the potential application of Part IVA of the Income Tax Assessment Act 1936 (the general anti-avoidance provisions of the income tax law) to an alienation arrangement where personal services income of an individual is derived through a personal services entity that is conducting a personal services business.

    Expected completion

    To be advised

    Comments

    Draft Practical Compliance Guideline PCG 2024/D2 Personal services businesses and Part IVA of the Income Tax Assessment Act 1936 published on 28 August 2024. Comments period closed on 11 October 2024.

    Contact

    Sally Cummins, Small Business

    Phone: (07) 3213 3299

    SBPAGConsultation@ato.gov.au

    [4145] Application of section 109U to arrangements involving guarantees

    Title

    Final Taxation Determination

    Income tax: Division 7A – does section 109U of the Income Tax Assessment Act 1936 only apply to arrangements where a private company gives a guarantee to another private company?

    Purpose

    This Determination sets out the ATO view on whether section 109U of the Income Tax Assessment Act 1936 can apply to arrangements in which a private company gives a guarantee to an entity that is not a private company (for example, a public company financial institution).

    The Determination also references the ATO’s compliance approach to the application of section 109U.

    Expected completion

    To be advised

    Comments

    Draft Taxation Determination TR 2024/D3 Income tax: Division 7A – does section 109U of the Income Tax Assessment Act 1936 only apply to arrangements where a private company gives a guarantee to another private company? published on 11 December 2024. Comments period closed 31 January 2025.

    Contact

    Anthony Pulvirenti, Private Wealth

    Phone: (07) 3213 8538

    anthony.pulvirenti@ato.gov.au

    [4165] Disregarding private company loan repayments

    Title

    Final Taxation Determination

    Income tax: disregarding certain payments under section 109R of the Income Tax Assessment Act 1936 in determining how much of a loan has been repaid in situations where notional loans are involved

    Purpose

    This final Determination will set out the ATO’s view about the interaction of sections 109R and 109T of the Income Tax Assessment Act 1936, including whether section 109R of that Act can operate to disregard loan repayments in cases where there is a notional deemed loan because of sections 109T and 109W.

    Expected completion

    To be advised

    Comments

    Draft Taxation Determination TD 2025/D2 Income tax: disregarding certain payments under section 109R of the Income Tax Assessment Act 1936 in determining how much of a loan has been repaid in situations where notional loans are involved published on 5 March 2025. Comments period closes 17 April 2025.

    Contact

    Pri Wijesooriya, Private Wealth

    Phone: (03) 9285 1262

    Priyangi.Wijesooriya@ato.gov.au

    [4169] Part IVA held not to apply to a scheme involving use of intra-group debt to acquire an Australian subsidiary productive of tax benefits in Australia

    Title

    Decision impact statement on Mylan Australia Holding Pty Ltd v Commissioner of Taxation (No 2) [2024] FCA 253

    Purpose

    This Decision impact statement outlines the ATO’s response to this case. The court concluded that the general anti-avoidance provision in Part IVA of the Income Tax Assessment Act 1936 did not apply to a scheme under which the applicant claimed deductions in Australia for interest and carry forward losses incurred from intra-group debt taken on to acquire an Australian subsidiary as part of the acquisition of a pharmaceutical business.

    Comments

    The Decision impact statement on Mylan Australia Holding Pty Ltd v Commissioner of Taxation (No 2) [2024] FCA 253 was published on 28 February 2025. The comments period closed on 28 March 2025.

    Contact

    Simon Weiss, Office of the Chief Tax Counsel

    Phone: (02) 6216 1943

    Simon.Weiss@ato.gov.au

    [4194] Capital raised for the purpose of funding franked distributions

    Title

    Final Practical Compliance Guideline

    Capital raised for the purpose of funding franked distributions – ATO compliance approach

    Purpose

    This Guideline sets out the ATO’s compliance approach to the assessment of the level of risk that a distribution is unfrankable under section 207-159 of the Income Tax Assessment Act 1997.

    Expected completion

    To be advised

    Comments

    Draft Practical Compliance Guideline PCG 2024/D4 Capital raised for the purpose of funding franked distributions – ATO compliance approach published on 4 December 2024. Comments period closed on 31 January 2025.

    Contact

    Virginia Gogan, Public Groups

    Phone: (03) 8632 4643

    Virginia.Gogan@ato.gov.au

    [4201] Early stage innovation company schemes and Part IVA

    Title

    Final Taxation Determination

    Income tax: application of Part IVA of the Income Tax Assessment Act 1936 to certain early stage innovation company investment arrangements

    Purpose

    This final Determination will provide the Commissioner’s view on whether Part IVA of the Income Tax Assessment Act 1936 applies to early stage innovation company (ESIC) schemes as described in Taxpayer Alert TA 2024/1 Early stage investor tax offset claimed using circular financing arrangements.

    Expected completion

    To be advised

    Comments

    The ATO is currently looking at arrangements designed to inappropriately access the ESIC incentives and other tax benefits.

    Draft Taxation Determination TD 2025/D1 Income tax: application of Part IVA of the Income Tax Assessment Act 1936 to certain early stage innovation company investment arrangements published on 28 February 2025. Comments period closed 28 March 2025.

    Contact

    Kevin Hu, Office of the Chief Tax Counsel

    Phone (03) 9247 0703

    Kevin.Hu@ato.gov.au

    MIL OSI News –

  • MIL-OSI Australia: Advice under development – superannuation issues

    Source:

    [4166] Advice fees paid by superannuation funds

    Title

    Final Practical Compliance Guideline

    Fees for personal financial advice paid from member accounts by superannuation funds – apportioning the deduction and pay as you go withholding obligations

    Purpose

    This Guideline sets out a methodology that superannuation funds (other than self-managed superannuation funds (SMSFs)) can use to determine the extent to which payments of financial advice fees satisfy paragraph (d) of table item 5 of subsection 295-490(1) of the Income Tax Assessment Act 1997.

    It also outlines our compliance approach in relation to a superannuation fund’s obligation to withhold from payments for personal financial advice fees in the income years prior to 1 July 2019, including SMSFs.

    Expected completion

    To be advised

    Comments

    Draft Practical Compliance Guideline PCG 2025/D1 Fees for personal financial advice paid from member accounts by superannuation funds – apportioning the deduction and pay as you go withholding obligations published on 15 January 2025. Comments period closed on 14 February 2025.

    Contact

    Jay Gao, Public Groups

    Phone: (02) 9374 5168

    Jay.Gao@ato.gov.au

    For more information, see Consultation matter [202421].

    [4182] Expenditure incurred under a non-arm’s length arrangement and superannuation contributions [updated]

    Title

    Addendum to Law Companion Ruling

    Law Companion Ruling LCR 2021/2 Non-arm’s length income – expenditure incurred under a non-arm’s length arrangement

    Purpose

    LCR 2021/2 is being updated to include the Commissioner’s view as to how the amendments in explanations of the Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Act 2024 apply in respect of the non-arm’s length expenditure and non-arm’s length component provisions.

    Expected completion

    Mid 2025Comments

    Draft update LCR 2021/2DC1 published on 27 November 2024. Comments period closed on 24 January 2025. We are currently reviewing submissions.

    Contact

    Bonita Tsang, SEO

    PAGSPR@ato.gov.au

    Title

    Addendum to Taxation Ruling

    Taxation Ruling TR 2010/1DC Income tax: superannuation contributions

    Purpose

    TR 2010/1DC is being updated to include the Commissioner’s view about the amendments in explanations of the Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Act 2024. In addition to updates for the non-arm’s length expenditure amendments, TR 2010/1DC (which was previously issued for consultation on 28 July 2021) will also be updated with regard to issues such as in specie contributions, the maximum earnings test and the deductibility of contributions.

    Expected completion

    Mid 2025Comments

    The draft update to TR 2010/1DC2 published on 27 November 2024. Comments period closed on 24 January 2025.

    TR 2010/1DC was withdrawn on 27 November 2024.

    Contact

    Bonita Tsang, SEO

    PAGSPR@ato.gov.au

    [4200] Administration of penalties that apply where employers or superannuation funds fail to comply with event-based reporting obligations [updated]

    Title

    Draft Law Administration Practice Statement

    Administration of penalties that apply to employers who fail to comply with their Single Touch Payroll (STP) reporting obligations

    Purpose

    Event-based reporting regimes were introduced in 2018 for employers (STP) and for superannuation funds (member account transactions and attributes). The information reported through these reporting regimes has a range of applications across the tax and super systems, and their effectiveness can be reduced as a result of:

    • incorrect and incomplete reporting
    • reporting in an incorrect format (such as reporting in the original STP format rather than the STP Phase 2 format used since 2022)
    • failure to report at all.

    There is a need to provide guidance for ATO staff on the administration of penalties that may apply to employers or superannuation funds that fail to meet their reporting obligations.

    Expected completion

    April 2025

    Contact

    PAGSPR@ato.gov.au

    Title

    Draft Law Administration Practice Statement

    Administration of the false and misleading statement penalties on superannuation funds that do not report superannuation contribution information to the Commissioner accurately

    Purpose

    Event-based reporting regimes were introduced in 2018 for employers (STP) and for superannuation funds (member account transactions and attributes). The information reported through these reporting regimes has a range of applications across the tax and super systems, and their effectiveness can be reduced as a result of:

    • incorrect and incomplete reporting
    • reporting in an incorrect format (such as reporting in the original STP format rather than the STP Phase 2 format used since 2022)
    • failure to report at all.

    There is a need to provide guidance for ATO staff on the administration of penalties that may apply to employers or superannuation funds that fail to meet their reporting obligations.

    Expected completion

    April 2025

    Contact

    PAGSPR@ato.gov.au

    MIL OSI News –

  • MIL-OSI China: 4 major Chinese state banks to raise 520B yuan via A-share issuance

    Source: China State Council Information Office

    China’s four major state-owned commercial banks on Sunday announced plans to raise a combined 520 billion yuan (about 72.5 billion U.S. dollars) through the issuance of A-shares targeting specific investors.

    The four commercial banks — Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China — published their plans through the Shanghai Stock Exchange.

    According to their plans, Bank of China aims to raise no more than 165 billion yuan, China Construction Bank no more than 105 billion yuan, Bank of Communications no more than 120 billion yuan, and Postal Savings Bank of China no more than 130 billion yuan.

    All four banks have said that the raised funds, after deducting issuance-related costs, will be used to replenish their respective core tier-1 capital.

    China’s Ministry of Finance (MOF) will participate in the fundraising efforts of all four banks, with a combined intended subscription of up to 500 billion yuan.

    According to this year’s government work report, China will issue 500 billion yuan of special treasury bonds to support the capital replenishment of major state-owned commercial banks.

    The four banks said that capital replenishment from the MOF is a crucial move from the government to support their stable operations and development.

    Industry analysts said that the capital replenishment is a proactive measure that will strengthen the banks’ capital foundations and optimize their capital structures.

    This move will enhance their operational resilience and risk management capabilities, enabling them to better serve the real economy and stabilize the financial system, according to analysts.

    MIL OSI China News –

  • MIL-OSI China: China, Japan, ROK economic, trade ministers pledge to deepen trilateral cooperation

    Source: China State Council Information Office

    China is committed to high-quality development and expanding high-level openness, vowing to share opportunities with all nations, including the Republic of Korea (ROK) and Japan, said Chinese Commerce Minister Wang Wentao on Sunday.

    Amid the downward pressure on the global economy, China, Japan and ROK, as major regional and global economies, have to make joint efforts to safeguard free trade and multilateral trading system, oppose unilateralism and protectionism, and advance regional economic integration, said Wang at the 13th China-Japan-ROK Trilateral Economic and Trade Ministers’ Meeting held in Seoul on Sunday.

    The trilateral meeting, focused on topics such as strengthening trade and investment collaboration and advancing regional and multilateral cooperation, was co-chaired by Wang Wentao, ROK’s Minister of Trade, Industry and Energy Ahn Duk-geun, and Japanese Minister of Economy, Trade and Industry Yoji Muto.

    At the meeting, the economic and trade departments of the three countries agreed to discuss accelerating negotiations on the trilateral free trade agreement, strengthen supply chain cooperation and dialogue on export control, deepen collaboration in digital and green economies, enhance local cooperation, and jointly foster a favorable environment for business collaboration.

    MIL OSI China News –

  • MIL-OSI China: Foreign business leaders reaffirm China as oasis of certainty

    Source: China State Council Information Office

    Participants attend the China Development Forum 2025 in Beijing, capital of China, March 23, 2025. [Photo/Xinhua]

    In a world haunted by growing protectionism, China has continuously expanded opening up, injecting stability into the global economy, and has become an oasis of certainty and a hot spot for investment and entrepreneurship.

    This is the belief shared by more than 40 representatives of the international business community who met in Beijing on Friday with Chinese President Xi Jinping.

    From the China Development Forum 2025 in Beijing to the Boao Forum for Asia Annual Conference 2025 in south China’s Hainan Province, foreign executives have reaffirmed their commitment to China as a key market for investment and collaboration. They noted China’s complete industrial system, rich application scenarios, vast market scale and large talent pool, which combine to offer extensive collaboration opportunities for international industrial and technological innovation.

    Investing in China, investing in future

    China’s reform and opening up continue to draw global attention. Riding the wave created by China’s high-level opening-up endeavors, foreign companies are leveraging the advantages of the world’s second-largest economy and participating in its innovation pursuit, aiming at win-win cooperation.

    “We have been very proud to play a role in China’s development, enabling and connecting China to the world,” said Sean Stein, president of the U.S.-China Business Council, adding that China has grown into the world’s second-largest consumer market, presenting vast opportunities for multinational operators to invest and expand their businesses.

    Foreign business operations and investments in China have driven economic growth and employment, boosted technological and managerial progress, and facilitated reform and opening up. In this process, foreign businesses have thrived and generally enjoyed handsome returns, achieved win-win results, and forged profound friendship with the Chinese people.

    In 2024, a total of 59,080 new foreign-invested enterprises were established in China, up 9.9 percent year on year. Over the past five years, the return rate of foreign direct investment in the country has remained at approximately 9 percent, ranking among the highest in the world.

    “We invest in infrastructure that supports domestic consumption. A prosperous Chinese consumer is good for our business,” said Hamid R. Moghadam, chairman and CEO of Prologis.

    “We are more than 30 years now in China, and we have several production hubs. For us, it’s a very large market. China also is a very attractive market with a lot of opportunities today, in the past, but also in the future — and that’s why we’re here,” said Christian Hartel, president & CEO of Wacker Chemie AG.

    “So we keep investing, and we have very great people here on the ground in China, who are very innovative. We develop and produce products for the Chinese market, and also feel very positive for the outlook in the future,” he added.

    Merchants visit the “Invest in China” area of the 24th China International Fair for Investment and Trade in Xiamen, southeast China’s Fujian Province, Sept. 8, 2024. [Photo/Xinhua]

    All eyes on new quality productive forces

    Foreign investment plays a significant role in fostering new quality productive forces, and China supports the participation of foreign enterprises in its new industrialization, with a focus on high-tech fields, according to an action plan to stabilize foreign investment in 2025, which was approved by a State Council executive meeting in February.

    The nation’s emphasis on innovation as a driver for high-quality growth resonated strongly with the foreign business representatives.

    They said that from “Made in China” to “new quality productive forces,” China has empowered industrial transformation and upgrading through innovation, and is set to realize higher-quality and more sustainable development. These foreign business representatives have reached the consensus that the outlook of the Chinese economy is strong.

    “Today there are multiple signs of investment on optimism,” said Jean-Pascal Tricoire, chairman of Schneider Electric, adding that China’s promotion of green development aligns with Schneider’s goal of pursuing sustainability, instilling confidence in enterprises to advance investment, research and development in China.

    This photo taken on Nov. 9, 2024 shows the booth of Schneider Electric during the 7th China International Import Expo in east China’s Shanghai. [Photo/Xinhua]

    “We remain committed to the country, not only as a market, but as a strategic hub for innovation, investment and collaboration,” said Geoff Martha, chairman and CEO of Medtronic. He emphasized the company’s commitment to innovation collaboration in China and expressed the hope of jointly promoting the innovative development of global healthcare via continued investments in China.

    Beijing Benz, the joint venture between Beijing Automotive Group Co., Ltd. and Mercedes-Benz, in March 2024 marked the milestone of producing its 5 millionth vehicle. Later, in September 2024, Mercedes-Benz and its Chinese partners announced an additional 14 billion yuan (about 1.92 billion U.S. dollars) investment to expand their product offerings in the region.

    Ola Kallenius, chairman of the board of management of Mercedes-Benz Group AG, also praised China’s innovation-driven market. “China’s competitive advantage lies in its passion for innovation,” he said. “That is why Mercedes-Benz continues to deepen its presence in China.”

    A Mercedes-Benz G-Class electric off-road vehicle is pictured during an unveiling ceremony at the 2024 Beijing International Automotive Exhibition in Beijing, capital of China, April 25, 2024. [Photo/Xinhua]

    Open collaboration for shared future

    Against the backdrop of rising unilateralism and protectionism in the world economy, China has vowed to expand high-standard opening up, while keeping foreign trade and foreign investment stable.

    China is an oasis of certainty, according to Aramco President and CEO Amin H. Nasser. “What we see today in the global environment is uncertainty. We are seeing unpredictability, and we need China’s stability, certainty and predictability that we are seeing,” Nasser explained.

    “I think for us exactly in these times of uncertainties, having the commitment from President Xi and from the Chinese government in general to show consistency in their approach, to continue with their focus on multilateralism, on providing a level playing field, and on opening up… these are very powerful messages of stability in a world that really needs stability at this time,” said Vincent Clerc, CEO of A.P. Moller-Maersk.

    “We have been in China for a little bit more than 60 years, and we are now planning for our next 60 years, for Inter IKEA here in China. We are very confident in China, and in how China and IKEA can grow together,” said Jon Abrahamsson Ring, CEO of Inter IKEA Group.

    MIL OSI China News –

  • MIL-OSI New Zealand: Patterson leads the running of the sheep at the Great NZ Muster

    Source: New Zealand Government

    Te Kūiti’s Great New Zealand Muster is a fantastic opportunity to celebrate the sheep and the farmers, and the invaluable role they play in our communities and regional economies, says Associate Minister of Agriculture Mark Patterson.

    Mr Patterson, known as the ‘Minister for Wool’, joined the front of the Great NZ Muster running of the Sheep down the main street of Te Kūiti today. 

    “It’s a great honour to be part of this iconic event, which demonstrates the vibrant spirit of our rural communities.”

    The event is combined with NZ Shears, one of New Zealand’s premiere shearing events, where you can see world class shearers in action – and big contributors to the rural community.

    “For me, it’s also a chance to reflect on the state of the wool sector and the positive steps the government and industry are taking to turn it around – supporting the NZ wool industry is a key part in doubling the value of NZ exports.”

    “The recent bar that we have crossed is that wool prices now cover the shearing costs, which is something that we have been working hard at to change, but we know there is much more to be done. I am more confident than ever that we can turn around the fortunes of wool.”

    “There is a swing back to natural fibres – we’re seeing good gains, with strong wool price steadily increasing over the last 18 months to be now sitting around $4 per kg (clean), which is an eight-year high.”

    “Wool exports were worth NZD $549 million in the year to 30 June 2024, up from NZD $513 million in the previous year.”

    “New Zealand is the largest exporter of strong wool, accounting for 20 percent of the 500 million kilograms of strong wool produced globally – and we want to remain on top and deliver higher and more sustainable pricing for our farmers.”

    “Together with key players in the sector, we’re investing time, energy, and money into innovation and new uses to lift the demand for strong wool.”

    “To date, 20 strong wool projects from across the value-chain have been approved for funding, with $17.8 million of government investment via the Ministry for Primary Industries and co-funding of $22.9 million from industry partners, for a total of $40.7 million.”

    “These projects are focused on finding high-value opportunities for our strong wool, facilitating collaboration, and improving sector and supply chain capability.”

    “Projects that have received funding include Bremworth’s 100 percent, fully compostable wool carpets and rugs, and T&R Interior Systems’ Floc wool acoustic panel – both with huge potential to boost returns for our wool farmers significantly.” 

    Mr Patterson says he hopes that the Great New Zealand Muster will act as a springboard for thinking about the benefits of strong wool. 

    “New Zealand wool was once the backbone of New Zealand’s economy and I remain excited about the future of the wool industry as we tap into new high value opportunities.”

    “I will continue to work with farmers to rebuild the industry into a strong sector that recognises its exporting and sustainability potential” says Mr Patterson.

    MIL OSI New Zealand News –

  • MIL-OSI United Kingdom: New services for patients under record pharmacy funding deal

    Source: United Kingdom – Executive Government & Departments

    Press release

    New services for patients under record pharmacy funding deal

    Patients to benefit from new services thanks to funding deal agreed between the government and Community Pharmacy England (CPE).

    • More services for patients at their local pharmacy and record investment for community pharmacies
    • Full-year funding package is the first to be agreed by the sector since 2023
    • Deal with Community Pharmacy England signals government’s first step towards rebuilding community pharmacy through its Plan for Change

    Patients will receive more services as community pharmacies receive record investment in the government’s first step to rebuilding community pharmacy through its Plan for Change. This demonstrates our commitment to rebuild community pharmacy for the long term.

    The Department of Health and Social Care confirmed it has agreed funding with Community Pharmacy England worth an extra £617 million over two years following a six-week consultation with the organisation.

    On top of this, the government is writing off £193 million of debt for community pharmacy owners to give them confidence going into the new financial year on April 1.

    The increase signals the government’s first steps in addressing the years of underfunding and neglect that has left the sector facing significant financial shortfalls.

    The investment comes alongside reforms to deliver a raft of patient benefits, as part of the government’s agenda to shift the focus of care from hospitals into the community, so that people can more easily access care and support on their high streets. The greater range of services provided will not only improve access for patients, but also free up GP time and cut waiting lists by avoiding the need for people to book in to see their GP.

    This includes:

    • Making the ‘morning-after pill’ available free of charge at pharmacies on the NHS for the first time ever, ending the postcode lottery women face in accessing the medicine and reducing inequalities.
    • Offering patients suffering depression convenient support at pharmacies when they are prescribed antidepressants, to boost mental health support in the community.
    • Cutting red tape and bureaucracy to give patients easier access to consultations, with more of the pharmacy team able to deliver a wider number of services such as medicines and prescriptions advice, Pharmacy First services, and carrying out blood pressure checks.
    • Boosting financial incentives for pharmacists to identify patients with undiagnosed high blood pressure and take pressure off GPs.
    • Boosting funding for medicine supply so patients have better access to the medicines prescribed for them. This includes writing off the historic debt linked to dispensing activity during the pandemic and increasing fees linked to dispensing prescriptions.

    Health Minister Stephen Kinnock said:

    Community pharmacists are at the heart of local healthcare, and we want them to play a bigger role as we shift care out of hospitals and into the community through our Plan for Change.

    We’re working to turn around a decade of underfunding and neglect that has left the sector on the brink of collapse.

    This package of record investment and reform is a vital first step to getting community pharmacies back on their feet and fit for the future.

    The agreement shows how this government is working in partnership with community pharmacy to deliver more care for patients closer to their home, freeing up GP appointments, and catching ill-health earlier and preventing it in the first place.

    The deal is the first full-year funding to be agreed by Community Pharmacy England since 2023 after it rejected an offer from the previous administration.

    It includes confirmation of a final funding settlement for this year (2024/25) worth an extra £106 million compared to the previous year, and a further £375 million for 2025/26. It takes the total package for the coming year to £3.073 billion.

    A further £30 million has also been freed up by devolving funding for blood pressure and contraception services to pharmacies.

    In total, the 2025/26 uplift represents a 15% increase in government spending on the previous year, higher than the record 5.8% growth in the total NHS budget.

    Community Pharmacy England Chief Executive Janet Morrison said:

    As highly trusted and accessible healthcare locations, community pharmacies have so much to offer patients and the NHS to help shift more care into communities.

    But we came to these negotiations as a sector in crisis – with the impact of a decade’s worth of real-terms cuts to funding leaving pharmacy businesses fighting to survive, and closures continuing at an alarming rate.

    We are pleased that this settlement takes a positive first step in the right direction for pharmacies, towards stabilisation and a better future.

    A sustainable community pharmacy sector can and must play a huge part in the future of the NHS.

    David Webb, Chief Pharmaceutical Officer for England:

    This positive investment underscores the importance of community pharmacy as an integral part of the NHS team, providing clinical care, optimising the use of medicines, and supporting people in their neighbourhoods to prevent ill-health.

    Thank you to community pharmacists, pharmacy technicians and pharmacy teams across England for your professionalism, innovation and commitment. I look forward to continuing our exciting work together to develop future professional practice, building on the achievements in education and training and workforce development that we have so far progressed.

    Amanda Doyle, National Director – Primary Care and Community Services, said:

    I welcome this funding deal for pharmacies, and I am pleased that community pharmacists will be able to build on their success in supporting patients through expanding their roles in recent years.

    Community pharmacists and their teams are delivering important clinical services for patients in the heart of their local communities, and, through Pharmacy First, patients have been given easy access to support for common conditions, as well as blood pressure checks, oral contraception and vaccinations. This funding secures their good work for patients for the future.

    The government has promised to deliver three big shifts through its 10 Year Health Plan, including moving care from hospitals into the community.

    Community pharmacies will play a vital role in delivering patient services at convenient locations under this plan, as well as helping the government’s wider objectives to build an NHS fit for the future through its Plan for Change.

    Updates to this page

    Published 31 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI China: Four major Chinese state banks to raise 520 bln yuan via A-share issuance

    Source: People’s Republic of China – State Council News

    BEIJING, March 30 — China’s four major state-owned commercial banks on Sunday announced plans to raise a combined 520 billion yuan (about 72.5 billion U.S. dollars) through the issuance of A-shares targeting specific investors.

    The four commercial banks — Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China — published their plans through the Shanghai Stock Exchange.

    According to their plans, Bank of China aims to raise no more than 165 billion yuan, China Construction Bank no more than 105 billion yuan, Bank of Communications no more than 120 billion yuan, and Postal Savings Bank of China no more than 130 billion yuan.

    All four banks have said that the raised funds, after deducting issuance-related costs, will be used to replenish their respective core tier-1 capital.

    China’s Ministry of Finance (MOF) will participate in the fundraising efforts of all four banks, with a combined intended subscription of up to 500 billion yuan.

    According to this year’s government work report, China will issue 500 billion yuan of special treasury bonds to support the capital replenishment of major state-owned commercial banks.

    The four banks said that capital replenishment from the MOF is a crucial move from the government to support their stable operations and development.

    Industry analysts said that the capital replenishment is a proactive measure that will strengthen the banks’ capital foundations and optimize their capital structures.

    This move will enhance their operational resilience and risk management capabilities, enabling them to better serve the real economy and stabilize the financial system, according to analysts.

    MIL OSI China News –

  • MIL-OSI United Kingdom: New rules simplifying recycling for workplaces in England come into force

    Source: United Kingdom – Executive Government & Departments

    Press release

    New rules simplifying recycling for workplaces in England come into force

    New regulations requiring businesses to separate recycling from waste come into effect

    New rules on how workplaces in England sort their recycling and waste have now come into force, ending confusion over what goes where and enabling consistent, more streamlined collections. 

    The measures as part of the Government’s Simpler Recycling plans will boost flatlining recycling rates, reduce the amount of waste sent to landfill or for incineration, and deliver cost savings for some businesses, while replacing previous legislation which could have required them to have up to six bins.  

    From today (Monday 31 March), workplaces with 10 or more employees will need to arrange for the collection of the following:  

    • dry recyclable materials – including plastic, metal, glass, and paper and card 

    • food waste  

    • residual (non-recyclable) waste

    Workplaces will need to separate paper and card from the other dry recyclables unless their waste collector collects them together. They will also have the freedom to decide on the size of containers and frequency of collections based on the volume of waste they produce.   

    This is a sensible, pragmatic approach to the collection of materials for the businesses and other premises in scope, which include residential homes, universities and schools, and hospitals or nursing homes.   

    Simplifying the approach will mean more high-quality recycled material can be sourced domestically, which can then be used by manufacturers to make new products as part of the transition to a more circular economy.  

    This will reduce carbon emissions, cut environmental and societal impacts from waste disposal, and support growth of the UK reprocessing industry. 

    Circular Economy Minister Mary Creagh said:

    We are committed to ending the throwaway society, boosting recycling rates which have stalled for too long, and driving growth through the Government’s Plan for Change. 

    Simplifying the rules for workplaces will make recycling easier, maximising environmental benefits, delivering cost savings and stimulating growth.  

    We’ll continue to work hand-in-hand with businesses to deliver our reforms to drive up recycling rates and ensure there’s more recycled content in the products we buy.

    As of 31 March, the Environment Agency has assumed responsibilities as the regulator for Simpler Recycling, meaning it is committed to supporting businesses – both waste producers and collectors – with their new duties. 

    This includes helping businesses to understand the actions they need to take to ensure compliance with the regulations. 

    Steve Molyneux, deputy director of waste and resources regulation at the Environment Agency, said: 

    The implementation of Simpler Recycling for workplaces is a pivotal moment and a huge step forward, driving change in the waste market, optimising the use of our precious resources, and contributing to a circular economy. 

    We are committed to supporting businesses with their new duties. We will take a pragmatic approach to implementation and will work with stakeholders to support them in overcoming any difficulties they might face in relation to compliance.

    Simpler Recycling in England is integral to the Government’s commitment to move to a circular economy in which resources are kept in use for longer and waste is reduced; the path to net zero is accelerated; and the economy prospers thanks to investment in critical infrastructure and green jobs. 

    Further measures under Simpler Recycling to come mean the public will be able to recycle the same materials across England, whether at home, work or school. 

    By 31 March 2026, local authorities will be required to collect the core recyclable waste streams from all households in England. This includes introducing weekly food waste collections for most homes, unless their councils have a transitional arrangement in place, giving them a later start date in legislation. 

    Kerbside plastic film collections from workplaces and households will also be introduced by 31 March 2027. 

    Workplaces with fewer than 10 employees have until 31 March 2027 to arrange for the recycling of the core recyclable waste streams. 

    Alongside extended producer responsibility for packaging and the deposit return scheme for drinks containers, Simpler Recycling in England is estimated to deliver greenhouse gas emissions savings equivalent to £11.8 billion and make a significant contribution towards meeting the ambition to recycle 65% of municipal waste by 2035. 

    The reforms will also drive up recycling rates – household recycling rates in England have flatlined at around 44-45% since 2015.  

    The implementation of Simpler Recycling for workplaces follows Environment Secretary Steve Reed setting out a new plan to transform the nation’s economy on 27 March, ensuring resources and products are used more sustainably and delivering cleaner streets and a healthy countryside. 

    The Environment Secretary confirmed the first five priority sectors that the independent Circular Economy Taskforce will focus on to make the greatest difference, which are textiles, transport, construction, agri-food, and chemicals and plastics.

    Updates to this page

    Published 31 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: UK hosts first major international summit to tackle illegal migration

    Source: United Kingdom – Executive Government & Departments

    News story

    UK hosts first major international summit to tackle illegal migration

    The UK has mobilised over 40 countries and organisations to launch an unprecedented global fight against ruthless people smuggling gangs.

    The UK is spearheading the toughest ever international crackdown on organised immigration crime as the Prime Minister and Home Secretary host a landmark summit today (31 March). 

    The Organised Immigration Crime (OIC) Summit brings together over 40 countries, including the United States, Vietnam, Iraq, and France, to unite behind a new approach to dismantle people smuggling gangs and deliver on working people’s priorities for secure borders.

    This is the first time the full range of factors driving illegal migration, from the supply chain in small boats to anti-trafficking measures, illicit finance and social media advertising, have been explored at a global summit of this scale.

    The summit will also see representatives from Meta, X and TikTok discuss how to jointly tackle the online promotion of irregular migration. 

    Through the summit, the government will use all available levers at its disposal to push forward progress in bringing gangs to justice, tackle the global threat of organised immigration crime and protect vulnerable people from exploitation.

    To back this drive, the Home Secretary has today announced £30 million of funding going directly to high impact operations from the Border Security Command to tackle supply chains, illicit finances and trafficking routes across Europe, the Western Balkans, Asia, and Africa. 

    An additional £3 million will enable the Crown Prosecution Service (CPS) to increase its capacity to prosecute organised international smugglers and expand its international footprint to support the Border Security Command to pursue, disrupt and arrest those responsible for dangerous people smuggling operations. 

    This reflects the Prime Minister’s long-held view, informed by his work as Chief Prosecutor, that cross border cooperation is the foundation of tackling international gangs and securing Britain’s borders.

    In remarks delivered later today, the Prime Minister, Sir Keir Starmer, is expected to say: 

    This vile trade exploits the cracks between our institutions, pits nations against one another and profits from our inability at the political level to come together. 

    When I was the Director of Public Prosecutions, we worked across borders throughout Europe and beyond to foil numerous plots, saving thousands of lives in the process. We prevented planes from being blown up over the Atlantic and brought the perpetrators to justice. 

    I believe we should treat organised immigration crime in the same way. 

    I simply do not believe organised immigration crime cannot be tackled. We’ve got to combine our resources, share intelligence and tactics, and tackle the problem upstream at every step of the people smuggling routes.

    The summit will deliver concrete outcomes across Europe, Asia, Middle East, Africa, and North America by strengthening international partnerships, enhancing intelligence sharing, and implementing targeted disruptions to Organised Immigration Crime networks.

    As a direct result, we will be able to strengthen UK borders and security and create a more efficient and manageable asylum system, taking the burden away from housing, the NHS and schools, and giving hotels back to the local economy.  

    Speaking ahead of the summit, Home Secretary Yvette Cooper said:   

    Smuggler and trafficking gangs make their money crossing borders so law enforcement needs to work together across borders to bring them down. Only a coordinated international response, across the whole irregular migration route, can effectively dismantle these networks.  

    The Organised Immigration Crime Summit is the first of its kind and will reinforce the UK’s position as a leader by securing international commitments to disrupt Organised Immigration Crime at every stage of the business model.   

    The summit demonstrates mine and the Prime Minister’s absolute dedication to disrupting the callous Organised Criminal Gangs, strengthening our borders and ultimately save countless lives.

    The UK’s global leadership on this is issue is already delivering results. France has agreed to launch a unit of specialist officers who are mobile, highly trained and equipped to respond dynamically to prevent small boat launches. 

    Germany has committed to strengthen their laws against those who facilitate smuggling to the UK and a new UK-Italy taskforce is hitting people smugglers’ financial flows. After boosting the resources for the National Crime Agency to work with international law enforcement partners, they have seized 600 boats and engines since July. 

    Along with this, work continues at home through giving law enforcement tougher powers than ever to smash the smuggling gangs, ramping up removals to record levels and surging illegal working raids to end the false promise of jobs used by gangs to sell spaces on boats. 

    This comprehensive approach is a vital aspect of the government’s Plan for Change, with the threat from organised immigration crime increasing in scale and complexity.  

    Organised immigration crime spans multiple countries, nationalities, and criminal methodologies, with recent estimate of the total global income from migrant smuggling reaching $10 billion last year.

    Criminal gangs headed by hundreds of kingpins are using sophisticated online tactics, the abuse of legitimate goods and services, and illicit financial networks to facilitate dangerous and illegal journeys which undermine border security and put thousands of lives at risk each year.  

    The summit will also examine the work of the government’s Joint Maritime Security Centre (JMSC) in supporting the US, by providing innovative space-based maritime surveillance capability to monitor and dismantle any vessels along Haiti’s north coast suspected to be involved in illegal immigration, illegal fishing activities and drug smuggling.

    The JMSC is harnessing cutting edge technology and capabilities to provide 24 hour monitoring of UK waters and ensure our borders are secure, by using satellite to provide a better overall understanding of incoming threats to the Turks and Caicos Islands. The UK government is working with our partners in Turks and Caicos to support and protect the Island from irregular migration. 

    This collaboration demonstrates the UK government’s commitment to deploying advanced capabilities against illegal migration while protecting overseas territories. 

    There has also been a series of major arrests of smuggling kingpins, including: 

    • arrests linked to a major Syrian organised crime group responsible for smuggling at least 750 migrants into the UK and Europe
    • the arrest of a Turkish national suspected of being a huge supplier of small boats
    • the conviction of 2 men in Wales who ran a smuggling ring moving thousands of migrants across Europe
    • the arrests in February of 6 men wanted in Belgium over their suspected involvement in a major people smuggling ring

    These arrests come alongside the NCA working with the authorities in the Kurdistan Region of Iraq for the first time, to facilitate the arrests of 3 men linked to a Kurdish people smuggling organised crime group, as well as an increase in the takedown of social media accounts linked to people smugglers.

    Updates to this page

    Published 31 March 2025

    MIL OSI United Kingdom –