Category: Economy

  • MIL-OSI United Kingdom: £1.35 million funding boost to drive growth of visitor economy in North East and West Midlands

    Source: United Kingdom – Executive Government & Departments

    News story

    £1.35 million funding boost to drive growth of visitor economy in North East and West Midlands

    The visitor economy in the North East and the West Midlands is receiving a £1.35 million funding boost over the next year to help the regions attract even more tourists and investment to the UK.

    • North East and West Midlands receive support to help them attract more visitors, investment and opportunities
    • Part of government’s plans to bring 50 million international visitors a year to the UK

    The visitor economy in the North East and the West Midlands is set to benefit from a £1.35 million funding boost over the next year to help the regions attract even more tourists and investment to the UK.

    The new funding, announced during English Tourism Week, will support the government’s ambition to welcome 50 million international visitors a year to the UK by 2030, as part of the Plan for Change.

    The British tourism industry is worth £58 billion to the economy and employs millions of people around the country. But for the sector to keep growing it is crucial that all its different elements – from transport and accommodation to culture and sport events – are working together as efficiently as possible.

    That is why the government has been working to improve the management of destinations across England so they can attract more visitors who stay for longer, and bring in more investment and opportunities to their areas.

    As part of this, two regional pilot programmes have been running in the North East and West Midlands called Destination Development Partnerships (DDPs). The programmes have been looking at how we make it easier for people to visit those regions and enjoy a range of things to do when they are there, including great places to eat, shop and stay.

    The pilots have already shown how a cross-regional approach can support the growth of the visitor economy by attracting more investment in attractions, hotels and connectivity, creating jobs and by marketing regions outside of London as destinations in their own right.

    The government is now providing an extra £1.35 million of support so the pilots can operate for another year before assessing whether to roll the scheme out more widely. The extension will provide an opportunity to keep testing how a regional approach to managing the visitor economy can help drive visitor numbers, increase spending and create jobs.

    Tourism Minister Sir Chris Bryant said:

    I want our tourism industry – and all the brilliant people who work in it – to thrive and to continue to attract millions of visitors to the UK each year.

    To achieve this we have to make sure that regions across England have the support they need so they can better market their areas  to tourists and attract more investment and events.

    That’s why I’m delighted we are providing an extra £1.35 million over the next year so our Destination Development Partnerships can keep paving the way for an even brighter future for our visitor economy.

    VisitEngland CEO Patricia Yates said:

    This extension and further funding are testament to the success of the Destination Development Partnership (DDP) pilots in the West Midlands and the North East. It also demonstrates the central role that the DDP pilots, developed and supported by VisitEngland, have been playing in growing regional economies to deliver jobs and opportunities for local people, communities, and businesses.

    These destination partnerships are ensuring that the West Midlands and the North East continue to be compelling destinations for both domestic and international visitors, as well as great places to live and work, now and in the future.

    The DDP programme is as much about providing high-quality destinations for Brits who want to holiday in the UK as it is about attracting more international visitors. 

    Since the launch of the pilot in 2022, 11 new attractions have opened in the North East with a combined investment value of £13 million, alongside 60 new bars and restaurants. The pilot, run by the Newcastle Gateshead Initiative (NGI), has played a vital role in the completion of these projects by providing crucial data and information that boosted investor confidence and contributed to the scaling of investments.

    North East Mayor Kim McGuinness said:

    The North East is home to stunning landscapes, vibrant cities and bustling market towns,  award-winning coastlines and beautiful countryside, all packed with world-class arts and culture – it’s why people in our region are so proud to call the North East home.

    However, our region currently receives the lowest number of domestic and international visitors in England. As Mayor, I’m determined to change that and double the size of our visitor economy over the next decade, creating more jobs and opportunity, and attracting investment into our towns and cities.

    To achieve that we need to shout louder and showcase our region. Working with the Government and NGI, that’s exactly what we will do – so more people discover what the North East has to offer and our region can stand tall on the national and international stage.

    The West Midlands has also seen positive results, with the value of the region’s visitor economy increasing by 15% to £16.3 billion and more jobs than ever (143,988) supported by tourism since its DDP pilot, run by the West Midlands Growth Company (WMGC), was launched in 2023. By September 2024, the pilot had generated £10 million through attracting business conferences and nearly £4 million from major sporting events for the region.

    West Midlands Mayor Richard Parker said:

    Tourism is big business in the West Midlands – with record visitor numbers driving growth and creating good jobs for local people.

    The government is backing my plan to keep investing in our cultural and creative industries and improving transport links so even more people come to enjoy the sights and hear the stories we have to tell.

    I’m securing the West Midlands’ reputation as a world-class destination and delivering real benefits for our communities.

    ENDS

    Updates to this page

    Published 21 March 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: The Prime Minister has appointed 5 Trustees to the Tate

    Source: United Kingdom – Executive Government & Departments

    News story

    The Prime Minister has appointed 5 Trustees to the Tate

    The Prime Minister has appointed Nick Clarry, Sir Isaac Julien CBE, Jack Kirkland and June Sarpong OBE as trustees of the Tate; their four year terms will start on 24 March 2025. The Prime Minister has also appointed Tim Richards CBE as a Trustee of the Tate, his four year term will begin on 23 June 2025.

    Nick Clarry

    Nick is a Managing Partner at CVC Capital Partners, a global private equity firm, which is listed on EuroNext. Nick joined CVC in 2003 and is based in London, where he is responsible for Sports, Media & Entertainment investment. Nick serves on the CVC Foundation Philanthropy Committee and has also sought to provide philanthropic support to a number of organisations in London over the last 20 years, including The Old Vic, the British Film Institute and the Courtauld Institute among others.

    Nick has served as the Chair at The Old Vic Theatre since 2014, which is one of the leading not-for-profit theatres in the UK, working in the arts, education and the community. Nick holds an MA in Economics from the University of Cambridge.

    Sir Isaac Julien CBE RA

    Sir Isaac is a critically acclaimed British artist and filmmaker. In 2018, Julien joined the faculty at the University of California Santa Cruz where he is a Distinguished Professor of the Arts and leads the Moving Image Lab together with Arts Professor Mark Nash.

    He has been making films and producing film installations for over forty years, including: Once Again… (Statues Never Die) (2022), Lina Bo Bardi – A Marvellous Entanglement (2019), Lessons of the Hour – Frederick Douglass (2019), Playtime (2014), Ten Thousand Waves (2010), Western Union: small boats (2007), True North (2004), Baltimore (2003), Paradise Omeros (2002), and Vagabondia (2000).

    Current and recent international solo exhibitions include: Lessons of the Hour, The Museum of Modern Art, New York, 2024; What Freedom is to Me, Bonnefanten Museum, Maastricht, 2024; K21, Dusseldorf, 2023; Tate Britain, London, 2023; Lina Bo Bardi, A Marvellous Entanglement, Philadelphia Museum of Art, Philadelphia, 2023; Once Again… (Statues Never Die), Barnes Foundation, Philadelphia, 2022.

    Julien is the recipient of The Royal Academy of Arts Charles Wollaston Award 2017 and a Kaiserring Goslar Award in 2022. In 2022 he was awarded a Knighthood for services to diversity and inclusion in art. 

    Jack Kirkland

    Jack is a businessman and philanthropist. He is executive Chair of Bowmer and Kirkland, one of the UK’s largest and most successful construction and real estate companies. Bowmer and Kirkland builds for clients throughout Great Britain and also engages in property development through its Peveril Securities arm and joint venture partners. The group also has a large number of subsidiary companies that provide construction specialisms both to the rest of the group and other clients. 

    In philanthropy, Jack founded and chairs The Ampersand Foundation, a grant-giving charity focused on the visual arts. He is also a trustee of the Bridget Riley Art Foundation and from 2015 to 2020, he was Chair of Nottingham Contemporary.

    Tim Richards CBE

    Tim is the Founder and CEO of Vue Entertainment, the largest privately held cinema operator in Europe. He is an industry commentator in print, radio and television and has supported British and Independent film for the past three and a half decades.

    Prior to entering the entertainment industry, Tim was a Wall Street lawyer engaged in international finance and cross-border mergers and acquisitions while based in London and New York. In February of 2021, after 7 years as a Governor of the British Film Institute (BFI), Tim was appointed as Chair of the BFI.

    In 2015, Tim was awarded the Variety International Children’s Fund Humanitarian Award for his charitable work. In 2024 he was awarded a CBE for his services to British film and Cinema. 

    June Sarpong OBE 

    June is a television presenter and executive. She is the Co-Founder of the Women: Inspiration & Enterprise (WIE) Network; WIE first launched in NYC in 2010 and then in the UK in 2012 and has featured leading speakers from a gamut of industries. 

    In November 2019 she was appointed as the BBC’s first Director of Creative Diversity and was in this role for 3 years. She was also the first Black woman to sit on the corporation’s Executive Committee and spearheaded the organisation’s $124 million investment in diverse content. June is the author of “Diversify”, “Power of Women”, “Power of Privilege” and “Calling Una Marson.” In 2020 she was awarded an OBE for services to broadcasting. 

    Remuneration and Governance Code

    Trustees of the Tate are not remunerated. These appointments have been made in accordance with the Governance Code on Public Appointments. The appointments process is regulated by the Commissioner for Public Appointments

    Under the Code, any significant political activity undertaken by an appointee in the last five years must be declared. This is defined as including holding office, public speaking, making a recordable donation, or candidature for election. Jack Kirland has declared he has made a recordable donation to the labour party. June Sarpong OBE has declared she has spoken on behalf of the Labour Party, their candidates and canvassed on behalf of the Labour Party and helped at elections. Nick Clarry, Sir Isaac Julien CBE and Tim Richards CBE have not declared any significant political activity. 

    DCMS has around 400 regulated Public Appointment roles across 42 Public Bodies including Arts Council England, Theatres Trust, the National Gallery, UK Sport and the Gambling Commission. We encourage applications from talented individuals from all backgrounds and across the whole of the United Kingdom.  To find out more about Public Appointments or to apply to be a Trustee of a National Museum or Gallery visit the HM Government Public Appointments Website.

    Updates to this page

    Published 21 March 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Meeting of major landowners to boost nature’s recovery

    Source: United Kingdom – Government Statements

    Press release

    Meeting of major landowners to boost nature’s recovery

    The ‘National Estate for Nature’ met to discuss land management plans to meet the country’s legal Environment Act targets.

    • Key landowners across public, private, and third sectors asked to draft new land management plans to help meet the country’s legal Environment Act targets.
    • Part of Government’s commitment to transform how we use land in this country to protect the environment, support economic growth and deliver on our Plan for Change.

    Major landowners, who together own 10% of England’s land, met yesterday (Thursday 20 March) to accelerate the recovery of our natural world.

    The ‘National Estate for Nature’ made up of up public, private and civil society landowners will play a pivotal role in supporting the Government’s ambitious environmental goals, including statutory targets in the Environment Act and our commitment to protect 30% of land by 2030. 

    The inaugural meeting chaired by Steve Reed, Secretary of State for Environment, Food and Rural Affairs, marked the beginning of a new era in environmental collaboration.  

    With the natural world facing species decline and a biodiversity crisis, Reed called on the group for action to collectively protect and restore nature on their estates across England. The Secretary of State also asked the group to report back on potential pilot approaches for sustainable land use, land management, change, or investment.  

    Steve Reed, Secretary of State for Environment, Food and Rural Affairs said: 

    “Landowners must go further and faster to restore our natural world. 

    “The ‘National Estate for Nature’, who manage a tenth of the land in this country, have a responsibility to future generations to leave the environment in a better state.  

    “We have a unique opportunity to work together on common sense changes that create a win-win for nature, the economy, and make the best use of the land around us” 

    Tony Juniper, Chair of Natural England said:  

    “If we are to reverse the historic declines in nature, we must take urgent action at every level to restore nature on the ground. This group is an important first step in securing a strong commitments from landowners across the country to collaborate on managing land in a more sustainable way, for the benefit of both people and nature.

    “We need work together to find the long-term solutions for key challenges, such as the demand for new homes and infrastructure, and the need to halt long-term biodiversity loss and recover nature.”

    Harry Bowell, Director of Land and Nature at the National Trust said:

    “We are delighted to join the National Estate for Nature Group, bringing the National Trust’s stewardship of 250,000 hectares to the table. As the Government’s Land Use Framework makes clear, a transformation in the use of land is needed if we are to meet our nature and climate targets. The biggest landowners – us included – have the power, and responsibility, to drive forward that transformation.

    “Only by working together will be able to restore our landscapes at the scale needed to put nature in recovery by 2030, lock up enough carbon in the English countryside to reduce greenhouse gas emissions to required levels, and prepare for the worsening impacts of climate change. We are committed to playing our part.”

    The group is composed of leading landowners such as The Crown Estate and Duchy of Cornwall, third-sector organisations such as the National Trust, RSPB, and the Wildlife Trusts. Along with representatives from the Government Estate such as MOD and Natural England.  

     It represents institutions with significant holdings across the country, and associated significant potential to drive nature’s recovery, a vital part of the government’s national conversation about land use ahead of publishing a Land Use Framework in 2025.  

    The broad representation also ensures that the group can draw on a wealth of expertise and experience in land management, conservation, and sustainable development, enabling them to develop and implement effective strategies for nature recovery, sustainable land use, and environmental protection. 

     During today’s meeting, members discussed key objectives, including establishing minimum standards for land management plans, with clear milestones for nature restoration and protection to help meet statutory nature targets and 30by30.  

    Defra will actively participate as a member, leading by example and supporting the group with guidance, resources, and coordination as they work toward meeting the Government’s environmental targets. Further quarterly meetings will focus on developing and implementing agreed on-the-ground plans to drive nature’s recovery.  

    This comes following the historic announcement of the Land Use Framework, the wild release and management of beavers in England for the first time in 400 years, a new approach to neonicotinoid pesticides and the introduction of new measures to strengthen our protected areas and meet 30by30 that show this government is committed to delivering for nature. As part of the government’s Environmental Improvement Plan (EIP), everyone, from land managers to homeowners, has a crucial role to play in restoring the natural environment.

    Additional information:

    National Estate for Nature Members

    ·       Environment Agency

    ·       Forestry Commission/Forestry England

    ·       Natural England

    ·       MOD

    ·       MoJ

    ·       DfT (including National Highways and Network Rail)

    ·       MHCLG/Homes England

    ·       DESNZ

    ·       DfE

    ·       Cabinet Office

    ·       The Church Commissioners (Church of England)

    ·       The Crown Estate

    ·       The Duchy of Cornwall

    ·       The Duchy of Lancaster

    ·       Elveden Estate

    ·       Clinton Devon Estates

    ·       United Utilities

    ·       Yorkshire Water

    ·       National Trust

    ·       RSPB

    ·       Wildlife Trusts

    ·       Canal and River Trust

    Updates to this page

    Published 21 March 2025

    MIL OSI United Kingdom

  • MIL-OSI: BitMart Launches Fox Hunt Delivery Campaign to Boost Crypto Adoption Offline

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles, March 21, 2025 (GLOBE NEWSWIRE) — BitMart, a leading global cryptocurrency exchange, is thrilled to launch the Fox Hunt Delivery Campaign, an innovative offline marketing initiative aimed at driving crypto adoption through community engagement. This campaign provides an exciting opportunity for participants to earn USDT rewards by introducing new users to BitMart via leaflet distribution in select regions.

    BitMart has always been committed to expanding cryptocurrency access worldwide. The Fox Hunt Delivery Campaign introduces an innovative, community-driven approach by enabling participants to distribute custom-made leaflets. This strategy not only reinforces BitMart’s presence in key markets but also diversifies outreach methods, allowing the exchange to engage new audiences and pioneer new ways of fostering crypto adoption.

    Earn Rewards by Inviting New Users

    Participants in the campaign can earn up to 11 USDT per new user, with no upper limit on earnings — the more referrals, the higher the rewards. The breakdown of rewards per action is as follows:

    • 1 USDT for new user registration;
    • 2 USDT for completing KYC verification;
    • 3 USDT for making a first deposit;
    • 5 USDT for executing a first trade.

    Seamless Participation Process

    1. Register & Receive Referral Codes: Users sign up or log in to their BitMart account to generate a unique referral link and campaign materials;
    2. Submit Information for Approval: Participants fill out an eligibility form for verification and official approval: link;
    3. Distribute Leaflets Locally: Print out leaflets featuring unique QR/promotional code and share them in communities;
    4. Track Conversions & Earn Rewards: USDT incentives are credited to BitMart accounts as new users complete referral milestones.

    Driving the Future of Crypto Adoption

    As the cryptocurrency industry continues to evolve, innovative marketing strategies play a crucial role in bridging the gap between digital finance and everyday users. The Fox Hunt Delivery Campaign is more than just a promotional effort — it represents a shift toward making crypto adoption more tangible, accessible, and community-driven. With limitless earning potential and a streamlined onboarding process, this campaign is poised to make a lasting impact on both local communities and the broader crypto landscape.

    For more information and to participate, visit https://www.bitmart.com/activity/FHD2025/en-US .

    About BitMart

    BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. New users can register here to unlock an $8,000+ welcome bonus.

    Disclaimer:
    Use of BitMart services is entirely at your own risk. All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results.
    The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal, or tax advice.

    The MIL Network

  • MIL-OSI Video: Financial literacy in Europe – Peter Kažimír, Governor, Národná banka Slovenska

    Source: European Central Bank (video statements)

    Financial literacy is crucial for Europeans to successfully navigate the complexities of today’s financial landscape.

    Financial literacy in Europe
    https://www.ecb.europa.eu/ecb-and-you/financial_literacy_europe/html/index.en.html

    ECB International Women’s Day 2025
    https://www.ecb.europa.eu/press/conferences/html/20250307_intl_womens_day.en.html

    https://www.youtube.com/watch?v=2x3uXSRXDRc

    MIL OSI Video

  • MIL-OSI Video: Financial literacy in Europe – Klaas Knot, President, de Nederlandsche bank

    Source: European Central Bank (video statements)

    Financial literacy is crucial for Europeans to successfully navigate the complexities of today’s financial landscape.

    Financial literacy in Europe
    https://www.ecb.europa.eu/ecb-and-you/financial_literacy_europe/html/index.en.html

    ECB International Women’s Day 2025
    https://www.ecb.europa.eu/press/conferences/html/20250307_intl_womens_day.en.html

    https://www.youtube.com/watch?v=yW7jXssxUwk

    MIL OSI Video

  • MIL-OSI Video: Financial literacy in Europe – Gabriel Makhlouf, Governor, Central Bank of Ireland

    Source: European Central Bank (video statements)

    Financial literacy is crucial for Europeans to successfully navigate the complexities of today’s financial landscape.

    Financial literacy in Europe
    https://www.ecb.europa.eu/ecb-and-you/financial_literacy_europe/html/index.en.html

    ECB International Women’s Day 2025
    https://www.ecb.europa.eu/press/conferences/html/20250307_intl_womens_day.en.html

    https://www.youtube.com/watch?v=u7L7I3cnaFg

    MIL OSI Video

  • MIL-OSI China: Global South contributing to more equitable, inclusive int’l financial order

    Source: China State Council Information Office

    At a time when rising unilateralism and protectionism are combining to disrupt global economic governance, ever-closer ties among the Global South financial community are expected to inject fresh impetus into the forging of a new international financial order.

    This is the latest consensus reached by representatives of the Global South financial community at the 2025 Global South Financiers Forum in Beijing, which was hosted by Xinhua News Agency from March 19 to 21.

    Attendees of the forum included representatives from government departments, financial institutions, international organizations and scholars from more than 30 countries and regions.

    They called for the financial community of the Global South to make joint efforts to bridge the North-South financial gap and foster a new financial order that is more just, equitable and inclusive.

    Rising against headwinds

    As a bloc of developing countries, emerging economies and the least-developed nations, the Global South, as a whole, faces common development tasks and missions as it is home to about 85 percent of the world’s population, according to Jiao Jie, dean of Tsinghua University’s PBC School of Finance.

    Over the past few decades, Global South countries have posted remarkable economic growth, injecting stability and vitality into the world economy, said Jiao, who estimated that the share of the Global South in the world’s real GDP had surged from 26 percent in 2006 to 42 percent in 2024 — driven notably by emerging economies, including China and India.

    However, the forum’s attendees warned, the external environment has become more complex for the Global South, as the world economy is grappling with slowing growth, geopolitical tensions and resurgent protectionism.

    In 2023 alone, nearly 3,000 new trade-distorting measures had stifled cross-border flows of technology, capital and labor, Jiao told Xinhua, underlining that the latest round of protectionism, represented by additional tariff hikes, is posing even more challenges.

    Yamile Berra Cires, first vice president of the Central Bank of Cuba, said that a technological and economic blockade from certain developed countries, coupled with geopolitical tensions, climate change and accelerated digital transformation in the financial sector, have exposed greater vulnerabilities in Global South economies, such as that of Cuba.

    Despite accounting for more than 40 percent of the global economy and contributing 80 percent to world economic growth, Global South nations still face a disparity between their economic contribution and their influence in the current international financial system, according to Gu Shu, chairman of Agricultural Bank of China, one of the country’s major lenders.

    Vision for new financial order

    In releasing the Beijing Consensus document, representatives of the Global South financiers are calling for Global South countries to join hands to address common challenges, including sizable financing gaps, mis-allocation of resources and widening technological divides.

    “As we navigate a rapidly changing global economic landscape, nations in the Global South find themselves at a pivotal moment, gifted with unprecedented opportunities and facing notable challenges,” said Andre du Plessis, CEO of Standard Advisory (China) Ltd, who hailed the consensus as a milestone move.

    For Africa, as a major member of the Global South, a multilateral and inclusive approach is essential for economic development, Du Plessis said, while calling for greater collaboration in terms of inclusive financial cooperation.

    “When the Global South acts, its future development prospects appear even more promising,” he added.

    Notably, many countries in the Global South are struggling with unsustainable debt levels — which are significantly limiting their ability to invest in key areas such as health, education, social equity and other national priorities, said Shyam Prasad Bhandari, joint secretary of Nepal’s finance ministry.

    Bhandari suggested that Global South countries enhance coordination concerning green finance, as it’s a strategy that shapes resilience, drives innovation and ensures future prosperity.

    “The investment needs of the Global South are even larger if we consider challenges such as global warming, which would require countries to invest in new infrastructure, renewable energy and agricultural technology to improve their readiness,” said David Sumual, chief economist of Indonesia’s Bank Central Asia, who called for enhanced South-South cooperation.

    “While the road ahead is undoubtedly challenging, it is also full of opportunities,” said Jonathan Titus-Williams, deputy minister of planning and economic development of Sierra Leone.

    Through diverse and creative financing options, Global South countries can create a more equitable, sustainable and resilient financial governance order, Titus-Williams added. 

    MIL OSI China News

  • MIL-OSI: Kaltura Announces Stock Repurchase Program

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 21, 2025 (GLOBE NEWSWIRE) — Kaltura, Inc. (“Kaltura” or the “Company”) (Nasdaq: KLTR), the Video Experience Cloud, today announced that its Board of Directors has authorized a refreshed stock repurchase program for up to $15 million of the Company’s common stock.

    “Our renewed repurchase authorization underscores the Board’s continued confidence in our long-term strategy and its belief that our current share price continues to be undervalued relative to our long-term opportunity. We remain confident in our ability to continue to generate positive operating cash flow and are committed to strategically deploying capital where we believe it can generate shareholder value,” said Ron Yekutiel, Kaltura Chairman, President and Chief Executive Officer.

    Under the repurchase program, the Company may make repurchases, from time to time, through open market purchases, block trades, in privately negotiated transactions, accelerated stock repurchase transactions, or by other means. Open market repurchases will be structured to occur in accordance with applicable federal securities laws, including within the pricing and volume requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases under this authorization. The volume, timing, and manner of any repurchases will be determined at the Company’s discretion, subject to general market conditions, as well as the Company’s management of capital, general business conditions, other investment opportunities, regulatory requirements and other factors. The repurchase program does not obligate the Company to repurchase any specific amount of common stock, has no time limit, and may be modified, suspended, or discontinued at any time without notice at the discretion of the Board of Directors. The Company currently expects to fund the repurchase program from existing cash and cash equivalents, short-term investments and/or future cash flows.

    The Company is also reaffirming its first quarter 2025 and full year 2025 Subscription Revenue, Total Revenue and Adjusted EBITDA guidance as was provided in the Company’s financial results press release for the fourth quarter and full year 2024, dated February 20, 2025.

    Financial Outlook:

    For the first quarter of 2025, Kaltura expects:

    • Subscription Revenue to grow by 5% – 7% year-over-year to between $43.4 million and $44.2 million.
    • Total Revenue to grow by 2% – 4% year-over-year to between $45.7 million and $46.5 million.
    • Adjusted EBITDA to be in the range of $2.5 million to $3.5 million.

    For the full year ending December 31, 2025, Kaltura expects:

    • Subscription Revenue to grow by 2%-3% year-over-year to between $170.4 million and $173.4 million.
    • Total Revenue to grow 1% – 2% year-over-year to between $179.9 million and $182.9 million.
    • Adjusted EBITDA to be in the range of $12.7 million to $14.7 million.

    The guidance provided above contains forward-looking statements and actual results may differ materially. Refer to “Forward-Looking Statements” below for information on the factors that could cause our actual results to differ materially from these forward-looking statements. Adjusted EBITDA is defined as net profit (loss) before financial expenses (income), net, provision for income taxes, and depreciation and amortization expenses, adjusted for the impact of certain non-cash and other items that we believe are not indicative of our core operating performance, such as non-cash stock-based compensation expenses, facility exit and transition costs, restructuring charges and other non-recurring operating expenses. Kaltura has not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net loss within this press release because the Company is unable, without making unreasonable efforts, to calculate certain reconciling items with confidence. The reconciliation for Adjusted EBITDA includes but is not limited to the following items: stock-based compensation expenses, depreciation, amortization, financial expenses (income), net, provision for income tax, and other non-recurring operating expenses. These items, which could materially affect the computation of forward-looking GAAP net loss, are inherently uncertain and depend on various factors, some of which are outside of the Company’s control. The guidance above is based on the Company’s current expectations relating to the macro-economic climate trends.

    About Kaltura
    Kaltura’s mission is to create and power AI-infused hyper-personalized video experiences that boost customer and employee engagement and success. Kaltura’s Video Experience Cloud includes a platform for enterprise and TV content management and a wide array of Gen AI-infused video-first products, including Video Portals, LMS and CMS Video Extensions, Virtual Events and Webinars, Virtual Classrooms, and TV Streaming Applications. Kaltura engages millions of end-users at home, at work, and at school, boosting both customer and employee experiences, including marketing, sales, and customer success; teaching, learning, training and certification; communication and collaboration; and entertainment and monetization. For more information, visit  www.corp.kaltura.com

    Investor Contacts:
    Kaltura
    John Doherty
    Chief Financial Officer
    IR@Kaltura.com

    Sapphire Investor Relations
    Erica Mannion and Michael Funari
    +1 617 542 6180
    IR@Kaltura.com

    Media Contacts:
    Kaltura
    Nohar Zmora
    pr.team@kaltura.com

    Headline Media
    Raanan Loew
    raanan@headline.media
    +1 347 897 9276

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including but not limited to, statements regarding the methods, amount and timing of, and sources of funding for, repurchases under the stock repurchase program, and the Company’s financial performance, including the Company’s first quarter and full year 2025 financial guidance.

    In some cases, you can identify forward-looking statements by terminology such as “aim,” “anticipate,” “assume,” “believe,” “contemplate,” “continue,” “could,” “due,” “estimate,” “expect,” “goal,” “intend,” “may,” “objective,” “plan,” “predict,” “potential,” “positioned,” “seek,” “should,” “target,” “will,” “would” and other similar expressions that are predictions of or indicate future events and future trends, or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Any forward-looking statements contained herein are based on our historical performance and our current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent our expectations as of the date of this press release. Subsequent events may cause these expectations to change, and we disclaim any obligation to update the forward-looking statements in the future, except as required by law. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from our current expectations.

    Important factors that could cause actual results to differ materially from those anticipated in our forward-looking statements include, but are not limited to, the current volatile economic climate and its direct and indirect impact on our business and operations; political, economic, and military conditions in Israel and other geographies; our ability to retain our customers and meet demand; our ability to achieve and maintain profitability; the evolution of the markets for our offerings; our ability to keep pace with technological and competitive developments; risks associated with our use of certain artificial intelligence and machine learning models; our ability to maintain the interoperability of our offerings across devices, operating systems and third-party applications; risks associated with our Application Programming Interfaces, other components in our offerings and other intellectual property;; our ability to compete successfully against current and future competitors; our ability to increase customer revenue; risks related to our approach to revenue recognition; our potential exposure to cybersecurity threats; our compliance with data privacy and data protection laws; our ability to meet our contractual commitments; our reliance on third parties; our ability to retain our key personnel; risks related to our revenue mix and customer base; risks related to our international operations; risks related to potential acquisitions; our ability to generate or raise additional capital; and the other risks under the caption “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the Securities and Exchange Commission (“SEC”), as such factors may be updated from time to time in our other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov and the Investor Relations page of our website at investors.kaltura.com.

    The MIL Network

  • MIL-OSI Global: Defending humanitarian aid in terms of national security obscures its real purpose

    Source: The Conversation – USA – By Chen Reis, Associate Clinical Professor, Director, Humanitarian Assistance Program, & Director, Human Rights MA, University of Denver

    A woman scoops up portions of wheat to be allocated to each waiting family after it was distributed in the Tigray region of northern Ethiopia in 2021. AP Photo/Ben Curtis

    More than 305 million people require lifesaving humanitarian aid today. Most of them live in areas wracked by conflict, such as Sudan, Gaza, Afghanistan and the Democratic Republic of Congo.

    By many estimates, there is more need than ever for this assistance – and the need is growing. But humanitarian funding, which is primarily provided by governments, is declining. The Trump administration stopped disbursing nearly all U.S. humanitarian aid on Jan. 20, 2025. It made these cuts at a time when the Netherlands, the United Kingdom, France, Switzerland, Belgium and other wealthy countries are slashing their own aid spending.

    Judges have ruled that the U.S. government must rehire aid workers and make overdue payments for aid already delivered by nongovernmental companies, international agencies and private contractors. While legal disputes wend through the courts, these cuts are already having disastrous consequences for people in Afghanistan, Sudan and other places facing crises.

    As scholars who study humanitarian aid, we are seeing not just a crisis of funding but also one that jeopardizes the credibility of the entire global system that provides this lifesaving assistance.

    When conflict breaks out or a disaster like an earthquake strikes, people require emergency medical care, temporary shelter, food and water. In countries where the government is unable or unwilling to provide these services, humanitarian organizations and international agencies step in to fill the gaps. Humanitarian aid is based on empathy and the recognition that everyone has a right to live with dignity.

    When discussing the impacts of its aid freeze and challenging the Trump administration’s misinformation about the U.S. Agency for International Development, many NGOs and experts on humanitarian assistance have not focused on empathy and rights.

    They have in their defense of the agency responsible until now for most of the foreign aid the U.S. provides instead relied on arguments that appeal to U.S. national security, soft power and economic interests.

    Sen. Chris Coons, a Connecticut Democrat, has warned that China will benefit from the U.S. aid cutoff.

    “Our biggest global competitor and adversary is delighted that we’ve handed them an opportunity to say to communities and countries around the world that we are not a reliable partner,” Coons said.

    By highlighting geopolitical, security and economic arguments for humanitarian aid, in our view, they risk further hurting the sector’s legitimacy.

    Protesters rally in support of USAID in Washington on Feb. 5, 2025.
    Nathan Posner/Anadolu via Getty Images

    A ‘seismic shock’

    Tom Fletcher, who leads the United Nations’ humanitarian efforts, has called the Trump administration’s aid reduction “a seismic shock to the sector.” But the latest cuts are part of a longer-term trend.

    While needs have increased, humanitarian funding has been flat or declining for years, leaving millions of people who need food, health care, shelter and protection without the assistance they need.

    Every year, the U.N. assesses humanitarian need for the coming year and issues what amounts to a global budget request to meet those needs. Government donors commit funds toward that budget request, and those funds are then distributed to U.N. agencies and NGOs that implement humanitarian programming.

    Since 2016, the gap between funding requirements and funding commitments has grown. In 2024, the U.N. requested US$49.5 billion in humanitarian funding and received less than half, or $23.9 billion, with the U.S. contributing 41% of that amount.

    Until January 2025, the U.S. accounted for 35%-46% of total annual global humanitarian funding. The abrupt cutoff of funds has led to a scramble to pay for food for malnourished children in Sudan, health care for refugees from Myanmar, and maternal health services in Yemen.

    Without U.S. funding, the humanitarian work of the United Nations agencies and NGOs that deliver humanitarian aid in part funded by governments is in jeopardy.

    Because of the cuts, Catholic Relief Services and the International Rescue Committee, for example, have laid off staff and shuttered health clinics that prevent or treat infectious diseases like malaria and HIV/AIDS. They can no longer provide access to clean water and sanitation services or other lifesaving aid in many places where they work.

    Core principles violated

    Humanitarian groups have historically embraced a set of core principles that emphasize the alleviation of human suffering wherever it may occur while remaining independent, neutral and impartial.

    In conflict zones, these principles are essential for gaining access to people who need help. Aid workers build trust and acceptance by not picking sides in a conflict and providing aid based on need.

    Focusing on what benefits donor countries instead of what serves humanitarian needs in areas experiencing famine, disasters or conflicts is at odds with these principles. However, in January, U.S. Secretary of State Marco Rubio suggested that U.S. interests would decide how aid is allocated.

    “Every dollar we spend, every program we fund and every policy we pursue must be justified with the answer to three simple questions,” Rubio said. “Does it make America safer? Does it make America stronger? Does it make America more prosperous?”

    Since late January, the Trump administration has cut 83% of USAID’s programs, according to recent reports.

    Transactional arguments

    In March, the State Department sent a questionnaire to nongovernmental organizations and U.N. agencies asking how they will conform to President Donald Trump’s “America First” policy and distribute aid in alignment with foreign policy goals.

    Governments always consider their own interests as one factor when making decisions about humanitarian aid. But, we are concerned that humanitarian organizations and the public are not pushing back on these purely transactional arguments.

    Instead, some organizations seem to be falling in line.

    “This investment pays dividends by preventing humanitarian crises, containing disease outbreaks, and countering adversarial influence in vulnerable regions,” stated InterAction, an association of U.S.-based NGOs that distribute humanitarian aid and development assistance. “That’s why foreign aid has maintained decades of support across party lines — it is vital for U.S. security and international stability.”

    We also see in these comments signs that justifications for aid are changing.

    When former Secretary of State Colin Powell called nongovernmental organizations a “force multiplier” in 2001, it stirred controversy because he suggested that they were an extension of the government and a pillar of U.S. strategy. Even still, he acknowledged that NGOs required independence from government to do their essential work.

    An important choice

    Humanitarian organizations are grappling with the financial and operational consequences of their reliance on a small number of donor governments that have cut off or cut back aid. As they adjust to the new reality, we believe that they must make a choice.

    They can embrace the increasingly transactional agendas of the rich countries that have historically provided most humanitarian aid funding. Doing so may increase aid flows but compromise humanitarian neutrality and impartiality – potentially restricting their access to the places they need to go to do their work.

    Or they can focus on people affected by crises – as recipients of assistance and as agents of change. This option would likely mean operating on an even smaller budget at a time when needs are increasing.

    Either way, the decisions made today will have significant implications for the future of humanitarian action.

    The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Defending humanitarian aid in terms of national security obscures its real purpose – https://theconversation.com/defending-humanitarian-aid-in-terms-of-national-security-obscures-its-real-purpose-252246

    MIL OSI – Global Reports

  • MIL-OSI Global: Why the words in your job posting may attract rule-bending narcissists

    Source: The Conversation – USA – By Jonathan Gay, Assistant Professor of Accountancy, University of Mississippi

    Posting a job opening? Take a close look at the language. Ronnie Kaufman/The Image Bank via Getty Images

    When companies advertise job openings, they often use buzzwords like “ambitious” and “self-reliant” to describe their ideal candidate. These traits sound appealing — what hiring manager wouldn’t want a driven employee?

    But there’s a catch. In my latest study, published in the journal Management Science with co-authors Scott Jackson and Nick Seybert, I found that these terms may attract job applicants with more narcissistic tendencies.

    As behavioral researchers in accounting, we are interested in executives who bend the rules. We decided to study job postings after noticing that the language used to describe an “ideal candidate” often included traits linked to narcissism. For example, narcissists tend to see themselves as highly creative and persuasive. Prior research also shows that narcissistic employees are more innovative and willing to take risks to get the success and admiration they crave, even if it means bending the rules.

    Based on these observations, we compiled two sets of terms commonly used in job postings. We call the two sets “rule-follower” and “rule-bender” language.

    Some examples of rule-bender language include “develops creative and innovative solutions to problems,” “communicates in a tactical and persuasive manner” and “thinks outside the box.” In contrast, the rule-follower language includes terms like “relies on time-tested solutions to problems,” “communicates in a straightforward and accurate manner” and “thinks methodically.”

    Through a series of experiments, we found that rule-bender language attracts individuals with higher levels of narcissism for accounting-specific jobs, as well as other industries. To measure narcissism, we used a personality assessment that asks people to choose whether they identify more with more narcissistic statements like, “I always know what I am doing,” or less narcissistic statements like “Sometimes I am not sure of what I am doing.”

    We also found that recruiters are more likely to use rule-bender terms when hiring for highly innovative, high-growth companies. For accounting positions, recruiters are more likely to use such terms when aggressive financial reporting could benefit the firm.

    Why it matters

    Companies write job postings carefully in hopes of attracting the ideal candidate. However, they may unknowingly attract and select narcissistic candidates whose goals and ethics might not align with a company’s values or long-term success. Research shows that narcissistic employees are more likely to behave unethically, potentially leading to legal consequences.

    While narcissistic traits can lead to negative outcomes, we aren’t saying that companies should avoid attracting narcissistic applicants altogether. Consider a company hiring a salesperson. A firm can benefit from a salesperson who is persuasive, who “thinks outside the box” and who is “results-oriented.” In contrast, a company hiring an accountant or compliance officer would likely benefit from someone who “thinks methodically” and “communicates in a straightforward and accurate manner.”

    Bending the rules is of particular concern in accounting. A significant amount of research examines how accounting managers sometimes bend rules or massage the numbers to achieve earnings targets. This “earnings management” can misrepresent the company’s true financial position.

    In fact, my co-author Nick Seybert is currently working on a paper whose data suggests rule-bender language in accounting job postings predicts rule-bending in financial reporting.

    Our current findings shed light on the importance of carefully crafting job posting language. Recruiting professionals may instinctively use rule-bender language to try to attract someone who seems like a good fit. If companies are concerned about hiring narcissists, they may want to clearly communicate their ethical values and needs while crafting a job posting, or avoid rule-bender language entirely.

    What still isn’t known

    While we find that professional recruiters are using language that attracts narcissists, it is unclear whether this is intentional.

    Additionally, we are unsure what really drives rule-bending in a company. Rule-bending could happen due to attracting and hiring more narcissistic candidates, or it could be because of a company’s culture – or a combination of both.

    The Research Brief is a short take on interesting academic work.

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

    ref. Why the words in your job posting may attract rule-bending narcissists – https://theconversation.com/why-the-words-in-your-job-posting-may-attract-rule-bending-narcissists-249933

    MIL OSI – Global Reports

  • MIL-OSI Global: Digital imperialism: How US social media firms are using American law to challenge global tech regulation

    Source: The Conversation – USA – By Yasmin Curzi de Mendonça, Research associate, University of Virginia

    The CEOs of Meta, Amazon, Google and X — Mark Zuckerberg, Jeff Bezos, Sundar Pichai and Elon Musk — attend the inauguration of Donald Trump on Jan. 20, 2025. Photo by Ricky Carioti – Pool/Getty Images

    Social media platforms tend not to be that bothered by national boundaries.

    Take X, for example. Users of what was once called Twitter span the globe, with its 600 millions-plus active accounts dotted across nearly every country. And each of those jurisdictions has its own laws.

    But the interests of national regulatory efforts and that of predominantly U.S.-based technology companies often don’t align. While many governments have sought to impose oversight mechanisms to address problems such as disinformation, online extremism and manipulation, these initiatives have been met with corporate resistance, political interference and legal challenges invoking free speech as a shield against regulation.

    What is brewing is a global struggle over digital platform governance. And in this battle, U.S. platforms are increasingly leaning on American laws to challenge other nation’s regulations. It is, we believe as experts on digital law – one an executive director of a forum monitoring how countries implement democratic principles – a form of digital imperialism.

    A rumble in the tech jungle

    The latest manifestation of this phenomenon occurred in February 2025, when new tensions emerged between Brazil’s judiciary and U.S.-based social media platforms.

    Trump Media & Technology Group and Rumble filed a lawsuit in the U.S. against Brazilian Supreme Court Justice Alexandre de Moraes, challenging his orders to suspend accounts on the two platforms linked to disinformation campaigns in Brazil.

    The case follows earlier unsuccessful efforts by Elon Musk’s X to resist similar Brazilian rulings.

    Together, the cases exemplify a growing trend in which U.S. political and corporate actors attempt to undermine foreign regulatory authority by pressing the case that domestic U.S. law and corporate protections should take precedence over sovereign policies globally.

    From corporate lobbying to lawfare

    At the core of the dispute is Allan dos Santos, a right-wing Brazilian influencer and fugitive from justice who fled to the U.S. in 2021 after De Moraes ordered his preventive arrest for allegedly coordinating disinformation networks and inciting violence.

    Dos Santos has continued his online activities abroad. Brazil’s extradition requests have gone unanswered due to claims by U.S. authorities that the case involves issues of free speech rather than criminal offenses.

    Trump Media and Rumble’s lawsuit attempts to do two things. First, it seeks to frame Brazil’s judicial actions as censorship rather than oversight. And second, it seeks to portray the Brazilian court action as territorial overreach.

    Their position is that as the target of the action was in the U.S., they are subject to U.S. free speech protections under the First Amendment. The fact that the subject of the ban was Brazilian and is accused of spreading disinformation and hate in Brazil should not, they argue, matter.

    For now, U.S. courts agree. In late February, a Florida-based judge ruled that Rumble and Trump Media need not comply with the Brazilian order.

    Big Tech pushback to regulation

    The case signals an important shift in the contest over platform accountability – a move from corporate lobbying and political pressure to direct legal intervention in foreign jurisdictions. U.S. courts are now being used to challenge overseas decisions regarding platform accountability.

    The outcome and the broader legal strategy behind the lawsuit could have far-reaching implications not only for Brazil but for any country or region – such as the European Union – attempting to regulate online spaces.

    The resistance against digital regulation predates the Trump administration.

    In Brazil, efforts to regulate social media platforms have long faced substantial opposition. Big Tech companies – including Google, Meta and X – have used their economic and political influence to lobby against tighter regulation, often framing such policies as a threat to free expression.

    In 2020, the Brazilian “Fake News Bill,” which sought to hold platforms accountable for the spread of disinformation, was met with strong opposition from these companies.

    Google and Meta launched high-profile campaigns to oppose the bill, warning it would “threaten free speech” and “harm small businesses.” Google placed banners on its Brazilian homepage urging users to reject the legislation, while Meta ran advertisements questioning its implications for the digital economy.

    These efforts, alongside lobbying and political resistance, were successful in helping to delay and weaken the regulatory framework.

    Mixing corporate and political power

    The difference now is that challenges are blurring the line between the corporate and the political.

    Trump Media was 53% owned by the U.S. president before he moved his stake into a revocable trust in December 2024. Elon Musk, the free speech fundamentalist owner of X, is a de facto member of the Trump administration.

    Their ascent to power has coincided with the First Amendment being wielded as a shield against foreign regulations on digital platforms.

    Free speech protections in the U.S. have been applied unequally, allowing authorities to suppress dissent in some cases while shielding hateful speech in others.

    This imbalance extends to corporate power, with decades of legal precedent expanding protections for private interests. The case law cemented corporate speech protections, a logic later extended to digital platforms.

    U.S. free speech advocates in Big Tech and the U.S. government are seemingly escalating this trend to an even more extreme interpretation: that American free speech arguments can be deployed to resist the regulation of other jurisdictions and challenge foreign legal frameworks.

    For instance, in response to the European Union’s Digital Services Act, U.S. Federal Communications Commission Chairman Brendan Carr, a Trump appointee, expressed concerns that the act could threaten American free speech principles.

    Brazilian Supreme Court Justice Alexandre de Moraes, who has fought disinformation on tech platforms, attends a session of the country’s high court on Feb. 26.
    Ton Molina/NurPhoto via Getty Images

    Such an argument may have been fine if the same interpretation of free speech – and its appropriate protections – were universally accepted. But they are not.

    The concept of free speech varies significantly across nations and regions.

    Countries such as Brazil, Germany, France and others adopt what legal experts refer to as a proportionality-based approach to free speech, balancing it against other fundamental rights such as human dignity, democratic integrity and public order.

    Sovereign countries using this approach recognize freedom of expression as a fundamental and preferential right. But they also acknowledge that certain restrictions are necessary to protect democratic institutions, marginalized communities, public health and the informational ecosystem from harms.

    While the U.S. imposes some limits on speech – such as defamation laws and protection against incitement to imminent lawless action – the First Amendment is generally far more expansive than in other democracies.

    The future of digital governance

    The legal battle over platform regulation is not confined to the current battle between U.S.-based platforms and Brazil. The EU’s Digital Services Act and the Online Safety Act in the United Kingdom are other examples of governments trying to assert control over platforms operating within their borders.

    As such, the lawsuit by Trump Media and Rumble against the Brazilian Supreme Court signals a critical moment in global geopolitics.

    U.S. tech giants, such as Meta, are bending to the free speech winds coming out of the Trump administration. Musk, the owner of X, has given support to far-right groups overseas.

    And this overlap in the policy priorities of social media platforms and the political interests of the U.S. administration opens a new era in the deregulation debate in which U.S. free speech absolutists are seeking to establish legal precedents that might challenge the future of other nations’ regulatory efforts.

    As countries continue to develop regulatory frameworks for digital governance – for instance, AI regulation imposing stricter governance rules in Brazil and in the EU – the legal, economic and political strategies platforms employ to challenge oversight mechanisms will play a crucial role in determining the future balance between corporate influence and the rule of law.

    Camille Grenier is Executive Director at the Forum on Information and Democracy, a non-profit entity led by civil society organisations and mandated to implement democratic principles.

    Yasmin Curzi de Mendonça does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Digital imperialism: How US social media firms are using American law to challenge global tech regulation – https://theconversation.com/digital-imperialism-how-us-social-media-firms-are-using-american-law-to-challenge-global-tech-regulation-252116

    MIL OSI – Global Reports

  • MIL-OSI China: China’s securities regulator to advance rule of law in capital markets

    Source: China State Council Information Office

    China’s securities regulator said Friday it will advance the rule of law in the capital markets to make them more safe, well-regulated, transparent, open, vibrant and resilient.

    The capital markets will continue to help the real economy and support the development of new quality productive forces, according to the China Securities Regulatory Commission.

    Efforts will be made to deepen and solidify the registration-based system for stock listing, reinforcing the institutional basis for stable market development while ensuring that no systemic risks arise, the regulator said.

    It highlighted the principle that financial oversight must have “teeth and thorns” and be sharp-pointed, with a “zero tolerance” policy toward illegal activities in the securities and futures markets.

    The regulator also urged efforts to improve institutional mechanisms for investor protection.

    MIL OSI China News

  • MIL-OSI China: Chinese commerce minister meets Broadcom CEO

    Source: China State Council Information Office

    Chinese Commerce Minister Wang Wentao met with Hock Tan, president and CEO of Broadcom, a technology company headquartered in the United States, in Beijing on Friday.

    During the meeting, the two sides exchanged views on topics including Broadcom’s business development in China and cooperation between Chinese and U.S. technology companies, according to a statement released by the Ministry of Commerce.

    China is accelerating the development of new quality productive forces, actively promoting the deep integration of the Internet, big data, artificial intelligence and the real economy, advancing an “AI Plus” initiative, and fostering the growth of the intelligent industry, Wang said.

    This will provide more opportunities for cooperation among global high-tech enterprises and technological advancements in related fields will also bring more benefits to humanity, he noted.

    Wang emphasized that in the face of a complex and challenging international landscape, China remains steadfast in its commitment to expanding its opening up to the world.

    China is committed to creating a stable, transparent and predictable investment environment for multinational corporations operating in the country, Wang said.

    He added that China welcomes U.S. companies, including Broadcom, to continue investing in the Chinese market and to share in its development opportunities.

    Tan said China has been continuously advancing technological innovation as well as opening up and cooperation in recent years and has achieved remarkable accomplishments.

    It is the stability and certainty of the Chinese government and its policies that enable enterprises to better forecast the market and drive innovation, Tan added.

    He said that Broadcom will continue to provide stable and high-quality products and services to Chinese customers and partners and support China’s high-quality development. 

    MIL OSI China News

  • MIL-OSI: Maris-Tech to Showcase Advanced 360° Situational Awareness and AI-Driven Video Solutions at MDEX 2025

    Source: GlobeNewswire (MIL-OSI)

    Meet the Maris-Tech team at SIBAT Booth F3 and experience cutting-edge technology in tactical video and AI solutions

    Rehovot, Israel, March 21, 2025 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a global leader in video and artificial intelligence (“AI”)-based edge computing technology, today announced that it will be participating in the Michigan Defense Expo (MDEX) 2025. The event will take place at the Macomb Sports & Expo Center, P -Building, Michigan, U.S., from April 8 to 10, 2025. Maris-Tech will exhibit at Booth F3 alongside SIBAT, Israel’s Ministry of Defense directorate for defense exports and international cooperation.

    Maris-Tech will showcase its advanced 360° situational awareness technology designed for Armored Fighting Vehicles (AFVs). The Company will also present its latest AI-driven video intelligence and edge computing solutions, which are designed to deliver low-latency, high-performance capabilities for defense applications.

    The Maris-Tech U.S. sales team will be present at Booth F3, providing the opportunity for face-to-face meetings with investors, prospective customers, and defense industry leaders. Visitors will have the chance to experience Maris-Tech’s solutions firsthand and explore how the Company’s innovative AI and video intelligence technologies are driving the future of defense operations.

    “Participating in MDEX is a key step in Maris-Tech’s strategic expansion into the U.S. market,” said Israel Bar, Chief Executive Officer of Maris-Tech. “This event allows us to connect with U.S. customers and partners directly, demonstrate the value of our solutions and strengthen our presence in the defense sector.”

    About Maris-Tech Ltd.

    Maris-Tech is a global leader in video and AI-based edge computing technology, pioneering intelligent video transmission solutions that conquer complex encoding-decoding challenges. Our miniature, lightweight, and low-power products deliver high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics. Founded by Israeli technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, Intelligence gathering, homeland security (HLS), and communication industries. We’re pushing the boundaries of video transmission and edge computing, driving innovation in mission-critical applications across commercial and defense sectors.

    For more information, visit https://www.maris-tech.com/

    Forward-Looking Statement Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect”,” “may”, “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, the Company is using forward-looking statements when it is discussing: the Company’s expansion into the U.S. market, the value of the Company’s solutions and its ability to strengthen its presence in the defense sector. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services, including in the United States; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2023, filed with the SEC on March 21, 2024, and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations:

    Nir Bussy, CFO
    Tel: +972-72-2424022
    Nir@maris-tech.com

    The MIL Network

  • MIL-OSI United Kingdom: Scottish Green MSP wins top award for free-to-air football campaign

    Source: Scottish Greens

    Scotland men’s national side games are now on free-to-air television after years of campaigns by Gillian Mackay MSP.

    Scottish Green MSP Gillian Mackay has received a prestigious award from Scottish Football fans for her campaign to get the Scotland men’s team on free-to-view TV. Today Ms Mackay received the Scottish Football Supporter’s Association chairman’s award alongside former SNP MP Gavin Newlands.

    Last night’s Scotland win was the first match to be aired on free-to-view television after years of campaigning by the Scottish Greens and fan organisations to make football accessible for all.

    The SFSA annual award winners were announced on BBC’s Off the Ball last month just ahead of the decision being made to bring the men’s games back onto terrestrial television for fans across Scotland.

    Ms Mackay said:

    “Watching Scotland win last night was great, and so is the fact that households all over the country were able to do so on free-to-view television.

    “I’m absolutely honoured to be receiving this award. It is really lovely that the work and campaign is being recognised by the fans.

    “Without the years of campaigning from fan organisations we wouldn’t be here in the first place, and I am grateful to have played a part in pushing forward to get Men’s football over the line and on to free-to-air television, just like the Women’s side have had for some time now.

    “Football is for the fans, and financial or geographical barriers shouldn’t be a reason to stop people enjoying and supporting Scotland’s national side. 

    “My hope is that last night’s match aired on television will feel like a big win for Scotland fans everywhere and serve as inspiration for the future generation to fall in love with football.”

    MIL OSI United Kingdom

  • MIL-OSI Economics: NDB Board of Directors 46th Meeting Concluded in Shanghai

    Source: New Development Bank

    On March 20, 2025, the Board of Directors (Board) of the New Development Bank (NDB) convened for its 46th Meeting at the Bank’s Headquarters in Shanghai, China.

    Pará Sanitation Development Project

    The Board of Directors approved a loan of up to USD 50.0 million to Brazil’s State of Pará, guaranteed by the Federative Republic of Brazil, for the Pará Sanitation Development Project (Projeto de Desenvolvimento de Saneamento do Pará – Etapa Lagos – PRODESAN LAGOS). By implementing a sewage collection and treatment network in neighbourhoods surrounding the water bodies serving as the main water source in Belém Metropolitan Region (BMR) and carrying out preventive and corrective environmental control actions, the Project aims to restore the water sources providing supply to the BMR. The Project will be co-financed by the NDB and FONPLATA Development Bank (FONPLATA), strengthening ongoing collaboration between the two institutions. The Project contributes to achievement of UN Sustainable Development Goal 6 – Ensure availability and sustainable management of water and sanitation for all.

    Operations

    The Board of Directors received a comprehensive update on the Bank’s robust and dynamic project pipeline. The Board was also briefed on project implementation, disbursement, ESG portfolio and project procurement in non-member countries.

    Treasury and Finance

    The Board of Directors was updated on the Bank’s funding activities, took note of the Annual Treasury Investment Portfolio Report for 2024, received a comprehensive analysis on the Bank’s loan book, and approved listing the Bank’s Euro Medium-Term Note Programme on the Nasdaq Dubai in the United Arab Emirates and the Bank’s Fourth RMB Bond Programme.

    Membership Expansion

    The Board of Directors took note of the progress of membership expansion and provided its guidance for the next steps.

    Tenth Annual Meeting of the NDB Board of Governors

    The Board of Directors recommended that the Tenth Annual Meeting of the NDB Board of Governors be held in Rio de Janeiro, Brazil on July 4-5, 2025.

    Committee Meetings

    The 34th Meeting of the Audit, Risk and Compliance Committee and the 30th Meeting of the Budget, Human Resources and Compensation Committee were held on March 18, 2025, and March 19, 2025, respectively.

    MIL OSI Economics

  • MIL-OSI Global: South Africa has a problem with people in the public service lying about their qualifications: what needs to change

    Source: The Conversation – Africa – By Busani Ngcaweni, Visiting Adjunct Professor, Wits School of Governance, University of the Witwatersrand

    The persistent challenge of falsified or misrepresented qualifications in South Africa exposes serious shortcomings in recruitment and appointment processes. Although the scale of the problem is difficult to quantify, it’s considered to be reaching “pandemic” levels. It is worse in the public sector.

    The problem became so serious that government introduced the National Qualifications Framework Amendment Act in 2019, making it a criminal offence to misrepresent qualifications. It is punishable by up to five years in prison.

    Yet the scourge continues, despite severe personal and professional consequences for some.

    The alarmingly high number of individuals pretending to be qualified for high-profile positions undermines trust and capability in organisations.

    There have been cases involving top executives and directors of parastatals. Some major companies have not been spared.

    Once unsuitable people occupy positions of responsibility, it is difficult to remove them. Their performance seldom improves because they lack the foundation.

    Their incompetence can affect institutions severely because they can make wrong decisions that result in financial losses. The South African Broadcasting Corporation, for instance, suffered financially due to poor decisions made by unqualified executives.




    Read more:
    South Africa’s public service: real spending is falling, but demand is growing


    Some municipalities with unqualified personnel often hire expensive consultants.

    Teachers with fraudulent credentials compromise quality education. This deprives children of opportunities to better their lives.

    Unscrupulous individuals have also been caught masquerading as medical doctors, putting lives at risk.

    Important infrastructure projects have collapsed owing to fake engineers.

    I am a researcher and practitioner of public sector reforms. I also head the National School of Government, which leads the drive to make the country’s public sector professional. I argue that to deter qualifications fraud, the management of human resources in the public sector must be professional.

    South Africa can draw lessons from the private sector and other governments.

    Loopholes in the system

    The National Qualifications Framework Amendment Act is aimed at deterring fraudulent qualifications. Some people have gone to jail for this crime.

    But measures to deter and punish it must be complemented by human resources management reforms.

    In my view, poor human resource screening processes, inadequate verification systems and ambiguous job descriptions and entry requirements contribute to appointing unsuitable candidates.

    The weekly public sector vacancies circular, published by the Department of Public Service and Administration, is a major source of data showing these limitations. It’s full of job advertisements where the minimum qualifications requirements are either too wide or below standard.




    Read more:
    South Africa’s public service is dysfunctional – the 5 main reasons why


    Some of the people who recruit and select staff are negligent. They fail to conduct thorough background checks or to screen applicants properly. This results in the appointment of unqualified and fraudulent candidates.

    Learning from the private sector

    The private sector, driven by competitive pressures and stakeholder expectations, developed robust systems to ensure the integrity and effectiveness of human resource functions. These systems can guide public sector reforms.

    Companies invest in advanced technologies and third-party verification services. They use agencies to check candidates’ fingerprints, verify qualifications, find references, and even do personality profiles.

    In contrast, public sector human resources personnel often rely on manual processes. These consume time and are prone to inaccuracies and manipulation. They can also be cumbersome as junior and middle management job advertisements often attract thousands of applicants.

    The private sector uses well-defined competency frameworks. These outline the skills, knowledge and experience required to evaluate a candidate.




    Read more:
    Africa should be building private-public partnerships in education


    Many private sector human resources practitioners belong to professional bodies. These enforce ethical standards. They also certify practitioners and promote ongoing professional development.

    Businesses also employ licensed and professional human resources practitioners. These are expected to be innovative, productive and ethical, and to act in the best interests of their employers. They can be dismissed if they lose their professional licence. These are guardrails against abuse.

    Learning from other governments

    India, China, South Korea, Singapore and several European nations have stringent public sector recruitment and selection methods. They emphasise merit and transparency to ensure only qualified and competent people are appointed.

    India’s Union Public Service Commission conducts a highly competitive civil services examination to recruit candidates.

    China uses the National Civil Service Examination, known as the Guokao. It evaluates candidates’ intellectual aptitude, policy knowledge and professional skills for jobs in government ministries and state-owned enterprises.

    South Korea’s Civil Service Examination system is a rigorous process which tests candidates’ analytical and managerial capabilities.

    Singapore is known for its efficient government. It employs structured assessment centres, psychometric testing and panel interviews to ensure capable people join the public sector.




    Read more:
    South Africa has a plan to make its public service professional. It’s time to act on it


    To uphold high standards of professionalism and integrity in governance, Germany and France have competitive entrance assessments for civil service roles.

    France’s Institut National du Service Public uses stringent entry requirements to prepare candidates for senior public service.

    South Africa introduced a pre-entry assessment called Nyukela/Step Up in 2020. It is applicable to public servants and citizens who wish to apply for a position in the senior management service.

    Professionalising the public sector

    Cabinet approved the National Framework Towards Professionalisation of the Public Sector in October 2022. It aims to tighten pre-entry requirements and carefully screen applicants. This includes verifying qualifications, testing integrity and assessing competence. The framework requires that public sector entities develop detailed job descriptions.

    The framework will help block fraud by professionalising human resources, supply chain management and legal services, among others. It will help human resources practitioners improve their competencies and make them part of a wider professional network. This is important for continued professional development.

    There will be consequences when officials violate their professional code of ethics. This has worked for lawyers and accountants who are disbarred for ethical and professional breaches.

    The framework gives the Public Service Commission a role in recruiting of heads of departments. This step controls entry to top positions in the civil service. The commission will bring two or more subject matter sector experts into the selection panels, making the process more rigorous.

    Busani Ngcaweni is affiliated with the University of Johannesburg as Senior Research Associate and Wits School of Governance as Visiting Adjunct Professor

    ref. South Africa has a problem with people in the public service lying about their qualifications: what needs to change – https://theconversation.com/south-africa-has-a-problem-with-people-in-the-public-service-lying-about-their-qualifications-what-needs-to-change-244942

    MIL OSI – Global Reports

  • MIL-OSI Africa: South Africa has a problem with people in the public service lying about their qualifications: what needs to change

    Source: The Conversation – Africa – By Busani Ngcaweni, Visiting Adjunct Professor, Wits School of Governance, University of the Witwatersrand

    The persistent challenge of falsified or misrepresented qualifications in South Africa exposes serious shortcomings in recruitment and appointment processes. Although the scale of the problem is difficult to quantify, it’s considered to be reaching “pandemic” levels. It is worse in the public sector.

    The problem became so serious that government introduced the National Qualifications Framework Amendment Act in 2019, making it a criminal offence to misrepresent qualifications. It is punishable by up to five years in prison.

    Yet the scourge continues, despite severe personal and professional consequences for some.

    The alarmingly high number of individuals pretending to be qualified for high-profile positions undermines trust and capability in organisations.

    There have been cases involving top executives and directors of parastatals. Some major companies have not been spared.

    Once unsuitable people occupy positions of responsibility, it is difficult to remove them. Their performance seldom improves because they lack the foundation.

    Their incompetence can affect institutions severely because they can make wrong decisions that result in financial losses. The South African Broadcasting Corporation, for instance, suffered financially due to poor decisions made by unqualified executives.


    Read more: South Africa’s public service: real spending is falling, but demand is growing


    Some municipalities with unqualified personnel often hire expensive consultants.

    Teachers with fraudulent credentials compromise quality education. This deprives children of opportunities to better their lives.

    Unscrupulous individuals have also been caught masquerading as medical doctors, putting lives at risk.

    Important infrastructure projects have collapsed owing to fake engineers.

    I am a researcher and practitioner of public sector reforms. I also head the National School of Government, which leads the drive to make the country’s public sector professional. I argue that to deter qualifications fraud, the management of human resources in the public sector must be professional.

    South Africa can draw lessons from the private sector and other governments.

    Loopholes in the system

    The National Qualifications Framework Amendment Act is aimed at deterring fraudulent qualifications. Some people have gone to jail for this crime.

    But measures to deter and punish it must be complemented by human resources management reforms.

    In my view, poor human resource screening processes, inadequate verification systems and ambiguous job descriptions and entry requirements contribute to appointing unsuitable candidates.

    The weekly public sector vacancies circular, published by the Department of Public Service and Administration, is a major source of data showing these limitations. It’s full of job advertisements where the minimum qualifications requirements are either too wide or below standard.


    Read more: South Africa’s public service is dysfunctional – the 5 main reasons why


    Some of the people who recruit and select staff are negligent. They fail to conduct thorough background checks or to screen applicants properly. This results in the appointment of unqualified and fraudulent candidates.

    Learning from the private sector

    The private sector, driven by competitive pressures and stakeholder expectations, developed robust systems to ensure the integrity and effectiveness of human resource functions. These systems can guide public sector reforms.

    Companies invest in advanced technologies and third-party verification services. They use agencies to check candidates’ fingerprints, verify qualifications, find references, and even do personality profiles.

    In contrast, public sector human resources personnel often rely on manual processes. These consume time and are prone to inaccuracies and manipulation. They can also be cumbersome as junior and middle management job advertisements often attract thousands of applicants.

    The private sector uses well-defined competency frameworks. These outline the skills, knowledge and experience required to evaluate a candidate.


    Read more: Africa should be building private-public partnerships in education


    Many private sector human resources practitioners belong to professional bodies. These enforce ethical standards. They also certify practitioners and promote ongoing professional development.

    Businesses also employ licensed and professional human resources practitioners. These are expected to be innovative, productive and ethical, and to act in the best interests of their employers. They can be dismissed if they lose their professional licence. These are guardrails against abuse.

    Learning from other governments

    India, China, South Korea, Singapore and several European nations have stringent public sector recruitment and selection methods. They emphasise merit and transparency to ensure only qualified and competent people are appointed.

    India’s Union Public Service Commission conducts a highly competitive civil services examination to recruit candidates.

    China uses the National Civil Service Examination, known as the Guokao. It evaluates candidates’ intellectual aptitude, policy knowledge and professional skills for jobs in government ministries and state-owned enterprises.

    South Korea’s Civil Service Examination system is a rigorous process which tests candidates’ analytical and managerial capabilities.

    Singapore is known for its efficient government. It employs structured assessment centres, psychometric testing and panel interviews to ensure capable people join the public sector.


    Read more: South Africa has a plan to make its public service professional. It’s time to act on it


    To uphold high standards of professionalism and integrity in governance, Germany and France have competitive entrance assessments for civil service roles.

    France’s Institut National du Service Public uses stringent entry requirements to prepare candidates for senior public service.

    South Africa introduced a pre-entry assessment called Nyukela/Step Up in 2020. It is applicable to public servants and citizens who wish to apply for a position in the senior management service.

    Professionalising the public sector

    Cabinet approved the National Framework Towards Professionalisation of the Public Sector in October 2022. It aims to tighten pre-entry requirements and carefully screen applicants. This includes verifying qualifications, testing integrity and assessing competence. The framework requires that public sector entities develop detailed job descriptions.

    The framework will help block fraud by professionalising human resources, supply chain management and legal services, among others. It will help human resources practitioners improve their competencies and make them part of a wider professional network. This is important for continued professional development.

    There will be consequences when officials violate their professional code of ethics. This has worked for lawyers and accountants who are disbarred for ethical and professional breaches.

    The framework gives the Public Service Commission a role in recruiting of heads of departments. This step controls entry to top positions in the civil service. The commission will bring two or more subject matter sector experts into the selection panels, making the process more rigorous.

    – South Africa has a problem with people in the public service lying about their qualifications: what needs to change
    – https://theconversation.com/south-africa-has-a-problem-with-people-in-the-public-service-lying-about-their-qualifications-what-needs-to-change-244942

    MIL OSI Africa

  • MIL-OSI Africa: Secretary-General’s remarks at the Ceremony marking the 600th Anniversary of the University of Leuven [as delivered]

    Source: United Nations – English

    ear Rector Magnificus, Chère Madame la Rectrice,
     
    Allow me to address you with the expression that in my country is reserved for the rectors of the university of the Coimbra, your sister university: Magnificus rectorus, magnificent rectors.
     
    Thank you for your warm welcome, your very kind words and this significant honour.
     
    I am proud to accept it on behalf of the United Nations and remembering the women and men of the UN all over the world.
     
    You will find them working everywhere and around the clock. 
     
    Building and keeping peace.
     
    Delivering lifesaving relief in the most desperate places on earth.
     
    Fighting poverty and standing up for the marginalized.
     
    Advancing human rights and the rule of law.
     
    And striving to realize the universal values that express the very best of the human spirit.
     
    By bestowing this honour at this consequential time, you are sending a clear message.
     
    A message of support for the noble mission of the United Nations —a message of solidarity to all those working to make it real – and a message of inspiration for us to keep up the fight.
     
    On behalf of the United Nations — thank you.
     
    Distinguished Guests, Dear Students, Ladies and Gentlemen,
     
    You honour the United Nations as we celebrate a remarkable milestone:
     
    The 600th anniversary of the University of Leuven, one of the world’s oldest and most prestigious institutions of higher learning, today represented by the two universities that are together in this beautiful ceremony.
     
    Six centuries ago, scholars lit a flame of knowledge.
     
    Generation after generation have kept this flame alive.
     
    Through times of turmoil and triumph.
     
    In war and in peace.
     
    From the Renaissance to the information age.
     
    It is here at Leuven that Erasmus refined his humanist thought, teaching the world to see learning as a path to compassion and understanding.
     
    It was here that Mercator mastered cartography, revolutionizing navigation and the way we see our world — opening new horizons across continents.
     
    It was here that future Prime Minister and statesman August Beernaert began his intellectual journey that led to his bold vision of peace through arbitration, which was recognized with the Nobel Peace Prize in 1909.
     
    It was here that a young Georges Lemaître gazed at the stars and proposed what became the Big Bang theory — forever reshaping humanity’s understanding of the universe itself.
     
    And it was here that Dominique Pire, a humble Dominican friar, developed humanitarian principles that would earn him the Nobel Peace Prize for working with refugees and bringing hope to the forgotten.
     
    All of you are keeping this flame alive in the 21st century.
     
    Your scholars have helped lead the work of the Intergovernmental Panel on Climate Change — and the need for urgent climate action.
     
    Your universities played a pivotal role in launching the Global University Academy — supporting higher education for refugees worldwide.
     
    The Leuven Institute for Artificial Intelligence fosters knowledge-sharing and international partnerships on AI.
     
    Your startup incubators and technology transfer efforts transform innovative research into tangible benefits for humanity.
     
    And you are opening new doors to equality and justice through your Gender Equality Plan, and by actively participating in initiatives like the Belgian Women in Science Network to increase the number of female students and staff in science, technology, engineering and math.  
     
    This joint celebration — bringing together KU Leuven and UC Louvain — is yet another example of your spirit of common purpose and renewed partnership…
     
    One that shines a light towards a better, more equal future for all.
     
    Excellencies, dear friends,
     
    We need that light more than ever. 
     
    I am here today to deliver a simple and stark message:
     
    Multilateralism matters.
     
    But it is under attack like never before.
     
    We can and must overcome this threat together. 
     
    Now is the time.
     
    Your 600th anniversary coincides with a moment of reflection for the United Nations.
     
    2025 marks our 80th anniversary as an organization and as the epicenter of multilateralism.
     
    Our founding Charter embodies the world’s conviction that by working together and adhering to shared principles and values, we can solve global problems.   
     
    Standing here in Europe, we know this same commitment to multilateralism is the beating heart of your own European union.
     
    At home and around the world, Belgium and the European Union champion international cooperation, democracy, human rights and global solidarity.
     
    Over the decades, Belgium has brought to life its motto of “unity makes strength” — contributing troops to UN peacekeeping missions, advancing peacebuilding and supporting lifesaving relief around the world.
     
    Today, the European ideal stands as a powerful reminder of our shared responsibility to the world’s most vulnerable people, and proof that isolationism is an illusion, never a solution.
     
    A strong and united Europe is not just essential for the continent.
     
    It is a fundamental pillar of a strong and effective United Nations.
     
    Around the globe, the European Union and the United Nations work hand-in-hand:
     
    Providing humanitarian aid to those in desperate need.
     
    Building peace in fragile states and strengthening democratic institutions.
     
    Defending human rights and dignity.
     
    Supporting sustainable development and climate action.
     
    And putting the spotlight on ending the scourge of domestic violence.
     
    But these and other investments in international cooperation are under threat.    
     
    Deadly conflicts are multiplying and deepening, exacting a devastating human toll.
     
    And a contagion of impunity is taking hold.
     
    Poverty, hunger and inequalities are growing — while the wealth of a handful of men eclipses that of half of humanity.
     
    The climate crisis is raging.
     
    Vulnerable countries are often locked out of decision-making rooms.
     
    Technology is outpacing our ability to protect people’s safety, rights and dignity.
     
    We see a dangerous rollback of fundamental freedoms.
     
    Women’s rights are under attack.
     
    Minorities, refugees and migrants are demonized.
     
    The voices of nationalism and isolationism are growing louder with a dangerous resurgence of strongarm politics.
     
    And donors are dramatically scaling-back humanitarian and development support — while defense budgets soar. 
     
    It would be the cruelest of ironies for the poor to be made to pay for the weapons of the rich. 
     
    Last week, I was in Cox’s Bazar in Bangladesh during the holy month of Ramadan on a mission of solidarity with Rohingya refugees, and with the Bangladeshi communities that so generously host them.
     
    The entire refugee population depends on humanitarian aid.
     
    But with looming cuts, Cox’s Bazar is fast-becoming ground zero of the funding crisis, with money for basic essentials like food, running out.
     
    And I am hopeful that what we are doing now with several donor countries will help us overcome this tragic situation, because without a reversal of these cuts in Cox’s Bazar and beyond — people will suffer and people will die.
     
    Dear friends,
     
    As the darkness spreads, we risk losing sight of Europe’s greatest gift to civilization — the Enlightenment.
     
    Everywhere we look, the fruits of the Enlightenment are being challenged by the voices of irrationality, ignorance and isolationism.
     
    Truth, science and knowledge are being questioned.
     
    Expertise and experience have somehow become liabilities. 
     
    And the multilateral values that the United Nations embodies — collaboration, solidarity, united action and human rights — are being undone by mistrust and geopolitical divisions.
     
    Excellencies, dear friends,
     
    Anniversaries are about more than looking to the past.
     
     At their best, they are about renewing for the future.
     
    And renewal sometimes means asking hard questions.
     
    Let’s be clear: The UN was never meant to be stuck in time. 
     
    The world has changed in fundamental ways — most notably the rise in economic influence and political power across the Global South.
     
    How, can we justify, today, a Security Council without permanent representation for Africa — home to one-quarter of humanity?
     
    How can we accept an unfair and dysfunctional global financial architecture that inadequately supports developing countries in their hour of need?
     
    How can we passively accept that the great promise of Artificial Intelligence might be won at the expense of handing over our humanity to algorithms?
     
    Renewal is the driving force of the Pact for the Future, agreed at the United Nations in September.
     
    And multilateralism must be the engine of this renewal.
     
    We need all countries working together — in solidarity — as we tackle the challenges facing our world. 
     
    In this spirit of renewal through multilateralism, I want to outline four areas where we can overcome today’s threats by standing as one and forging common solutions. 
     
    First — we must find common solutions for peace in our fragmented world.
     
    Around the world, peace is in short supply.
     
    Look no further than Russia’s invasion of Ukraine — an open wound in Europe.  
     
    This brutal war is now in its fourth year and has claimed thousands of lives, displaced millions — including many who have found shelter here in Belgium — and challenged the very foundations of European security and international order.
     
    It is time for a just and lasting peace. But a just peace means that it must be based on the UN Charter, international law and UN resolutions, including the respect for territorial integrity. 
     
    In Gaza, since the horrific terror attacks by Hamas on October 7, the ensuing Israeli military operations have unleashed an unprecedented level of death and destruction.
     
    I am outraged at this week’s Israeli attacks in Gaza, which killed hundreds of people.
     
    I was deeply saddened and shocked to learn of the death of one of our UN staff members — and the wounding of five other UN personnel — when two UN guesthouses in Deir al Balah were hit in strikes. 
     
    And appallingly another 5 UNRWA humanitarians were also killed this week, bringing the death toll to 284.
     
    The ceasefire had finally allowed some measure of relief to ease the horrendous suffering of Palestinians in Gaza — and relief to Israeli families finally welcoming home hostages after over a year of anguish and desperation.
     
    All of that has now been shattered.  
     
    Escalation is not the answer. 
     
    There is no military solution to this conflict.
     
    I strongly appeal for the ceasefire to be restored, for unimpeded humanitarian assistance to be reestablished and for the remaining hostages to be released immediately and unconditionally.
     
    Beyond ending this terrible war, we must lay the foundations for lasting peace — through immediate and irreversible steps towards a two-State solution — with Israel and Palestine living side-by-side in peace and security, in line with international law and relevant UN resolutions, with Jerusalem as the capital of both states.
     
    In the Democratic Republic of the Congo — a country whose tragic history resonates so strongly here in Belgium — renewed fighting, fueled by external interference and armed militias, has devastated communities and plunged the region into a deeper crisis, naturally aggravated by the presence of Rwandan troops, violating the territorial integrity of the Democratic Republic of the Congo.
     
    In Sudan, bloodshed, displacement and famine are engulfing the country. 
     
    The warring parties must take immediate action to protect civilians, uphold human rights, cease hostilities and forge peace.
     
    And domestic and international human rights monitoring and investigation mechanisms must be permitted to document what is happening on the ground.
     
    Beyond these and other conflicts, we need to reform the global security architecture.
     
    Drawing from proposals included in the New Agenda for Peace that we developed, the Pact for the Future calls for strengthening the machinery of peace by prioritizing the tools of prevention, mediation and peacebuilding.
     
    The changing nature of conflict calls for a review of our global peace operations; 
     
    Enhancing coordination with regional organizations;
     
    And the Pact includes also the first multilateral agreement on nuclear disarmament in more than a decade, even if we are still very far from a world free of nuclear weapons.
     
    Dear friends,
     
    Second — we can overcome threats to multilateralism by finding common solutions to reduce inequalities and ensure financial justice for all.
     
    The Pact includes a call for a massive Stimulus to help countries invest in the Sustainable Development Goals.
     
    It also urges bold reforms of the international financial architecture, including expanding the voice and representation of developing countries in institutions.  
     
    We must also substantially increase the lending capacity of Multilateral Development Banks to make them bigger, bolder and better.
     
    And we must review the debt architecture to stop debt from bleeding countries dry.
     
    No country should have to choose between servicing their debt and serving their people.
     
    Our global economy also needs open, predictable and inclusive trade to spur broad-based prosperity and help developing countries to better link to global markets and supply chains.
     
    The Pact also reminds us of a basic truth: societies can only thrive when all women and girls enjoy their full rights.
     
    Investing in their education, economic empowerment, and social protection is not only fair — it is essential for a better future for all.
     
    Third — we can strengthen multilateralism for the future by finding common solutions for climate action before it is too late.
     
    The climate crisis is costing lives, livelihoods, and billions in damages.
     
    Record heatwaves scorch continents.
     
    2024 was the hottest year — in the hottest decade in history.
     
    Relentless storms ravage communities.
     
    Rising seas threaten coastlines — including here.
     
    And those least responsible are bearing the heaviest burden.
     
    If we are to limit temperature rise to 1.5 degrees — essential to avoid the worst of climate catastrophe — the science is clear:
     
    Global emissions must peak this year and rapidly decline afterwards.
     
    And we must recognize this challenge for what it is: a moment of enormous opportunity.
     
    The benefits of the clean energy transition are clear.
     
    Renewables renew economies. 
     
    They boost growth, lower energy bills, and help us all breathe easier with cleaner air.
     
    This year — in advance of the UN Climate Conference, or COP30, in Brazil — every country must submit new economy-wide national climate plans that align with the 1.5 degree limit and seize the benefits of clean energy.
     
    I am working closely with President Lula of Brazil to drive action by the biggest emitters.
     
    The United Nations is also helping nearly 100 developing countries to prepare their national climate action plans.
     
    And we will convene a special event to take stock of the plans of all countries, push for action to keep 1.5 within reach, and deliver climate justice.
     
    I urge Europe to keep leading the way.
     
    To set strong and ambitious emission reduction targets.
     
    And to put an end to the myth that fossil fuels are the future. 
     
    We must accelerate the renewables revolution which can lower emissions, boost energy security, create good jobs, and provide cheap and accessible power.
     
    Throughout, we must continue supporting developing and vulnerable nations, by making good on long-standing promises and delivering on climate finance across the board.
     
    Climate solidarity is a moral obligation — and a matter of survival for us all.
     
    Fourth and finally — we can overcome threats to multilateralism by making sure technology upholds human rights and dignity for all.
     
    The information age is unfolding at a dizzying scale and speed.
     
    Artificial Intelligence holds great promise.
     
    But today, those benefits remain concentrated in the hands of a privileged few. 
     
    And while some are racing ahead with record investments, most developing countries are left in the dark.
     
    Without guardrails, AI risks deepening geopolitical divides and inequalities;
     
    Enabling surveillance, amplifying disinformation, facilitating cyberattacks;
     
    And even making life-and-death decisions.
     
    Humans must always retain control — guided by international law, human rights and ethical principles.  
     
    Technology must serve humanity, not the other way around.
     
    That is the spirit of the Global Digital Compact also adopted at the United Nations last year.
     
    It calls for closing the digital divide, so all countries can benefit.
     
    It includes the first universal agreement on AI governance to bring every country to the table.
     
    It calls for an Independent International Scientific Panel on AI that promotes a common understanding of AI risks, benefits and capabilities.
     
    It proposes initiating a Global Dialogue on AI Governance — within the United Nations — to ensure that all countries have a voice in shaping common governance standards that help uphold human rights and prevent misuse.
     
    And it urges support for helping grow AI tools and skills in developing countries.
     
    I will soon present a report on innovative voluntary financing models and capacity-building initiatives to help all countries harness AI as a force for good.
     
    Excellencies, dear students,
     
    These are all ways that we can overcome the clear and present dangers to multilateralism in our time. 
     
    I am convinced that we can do it.
     
    Every generation faces moments of decisive choice.
     
    Yet none has possessed our tools, knowledge, and global awareness.
     
    Today, we are celebrating history.
     
    But history is also unfolding before our eyes — and I urge you to be on the frontlines for human dignity.
     
    Refuse indifference. Choose hope. Confront injustice. Defend truth.
     
    And for that you can draw, being inspired by the values these universities represent.
     
    Dear students, I ask you today to draw strength and inspiration from your universities’ history.
     
    Dear Rector Sels and Rector Smets,
     
    I wish to conclude by reinforcing your opening words.
     
    You recounted the powerful story of the University’s library — destroyed in 1914, and again in 1940.
     
    In the midst of two world wars — and the rubble of this very city — the global shock and outrage that followed the destruction of a library sent a clear and powerful message.
     
    These were not only attacks on books and manuscripts.
     
    These were attacks on history, science, reason, knowledge and art.
     
    These were attacks on the very hallmarks of humanity.
     
    These were attacks on our common soul.
     
    Twice the forces of ignorance tried to extinguish Leuven’s light of knowledge.
     
    And twice the world answered Leuven’s call — and helped you restore that light brighter than ever.
     
    Because in the aftermath of these attacks, we saw other aspects of humanity’s soul revealed and shining brightly. 
     
    We saw generosity, in countries providing funding to rebuild, and books to re-stock the library.
     
    We saw the power of collaboration, in countries standing with Belgium and with Leuven to resurrect this library not once, but twice.
     
    And yes, we saw humanity’s hunger for the eternal values that have guided your universities for 600 years — and the United Nations for 80 years.
     
    Generosity, solidarity, renewal.
     
    This is more than just your story — it is humanity’s story.
     
    It shows that no matter the challenge, we can face down threats.
     
    We can overcome obstacles.
     
    We can build stronger than before.
     
    And so, let us carry this legacy forward.
     
    And let’s keep building  — together.
     
    Happy 600th anniversary.
     
    And I thank you. Dank u. Merci.

    MIL OSI Africa

  • MIL-OSI United Kingdom: Food Heartland marks 10 years of success

    Source: Northern Ireland City of Armagh

    Celebrating 10 years of Food Heartland with (L-R): Kat O’Reilly (Owner of Nice Buns and Markets Champion), Catherine McKeever (Long Meadow Cider), Deputy Lord Mayor Cllr Kyle Savage, Alanna McKeever (Long Meadow Cider), Hannah Kee (Women in Farming Champion), and Roger Wilson (Chief Executive of ABC Council).

    Food Heartland has proudly celebrated its 10th anniversary with a series of successful events held from 10th to 14th March 2025, recognising a decade of supporting and promoting the rich agri-food heritage of the Armagh City, Banbridge and Craigavon Borough.

    The events celebrated the talent, dedication, and innovation of the region’s producers, chefs, and farmers, while also unveiling the inaugural Food Heartland Champions – a significant milestone in the initiative’s history.

    Since its inception in 2015, Food Heartland has played a vital role in elevating the borough’s reputation as a centre for outstanding food and drink. This milestone celebration highlighted the remarkable progress over the past decade and reinforced the Council’s ongoing commitment to nurturing the growth and success of the agri-food sector.

    A key feature of the celebrations was the introduction of the five Food Heartland Champions for the year – Hannah Kee, Kat O’Reilly, Ben Allen, Jane Walker, and Mervyn Steenson. Each role recognises the individuals who have made an outstanding contribution to the borough’s food economy.

    The events also acknowledged the valuable support of key partners, including the Ulster Farmers’ Union (UFU), Southern Regional College (SRC), and Food NI, whose collaboration has been instrumental in developing the borough as ‘the Food Heartland of Northern Ireland.’

    Deputy Lord Mayor of Armagh City, Banbridge and Craigavon Borough, Councillor Kyle Savage said:

    “Food Heartland has played a pivotal role in elevating our borough’s reputation as a hub for outstanding food and drink. Over the past ten years, we have seen remarkable growth in the sector, with our local producers and businesses earning recognition far beyond Northern Ireland. This milestone is a testament to the talent, resilience, and collaborative spirit of our agri-food community. As we look to the future, we remain committed to supporting and promoting our local food industry, ensuring it continues to thrive.”

    The celebratory events were held in the Fifth Quarter in Banbridge, the Bramley Barn at Long Meadow Cider and the Hay Loft in Armagh Stables at the Palace Demesne and were attended by network members, and representatives from the food and drink industry.

    Food Heartland was established to foster collaboration between local farmers, producers, chefs, and hospitality providers, creating a vibrant and sustainable food network and promoting field to fork. Over the years, it has supported businesses through training, networking opportunities, and promotional initiatives, helping to raise the profile of local products and secure new market opportunities.

    With a legacy of success and a bright future ahead, the Food Heartland will continue to champion local talent, encouraging innovation and growth within the borough’s food and drink sector. To find out more or to become a member, visit www.foodheartland.com

    MIL OSI United Kingdom

  • MIL-OSI: New Final Bond Terms for the Danish Ship Finance A/S Base Prospectus dated 9 July 2024

    Source: GlobeNewswire (MIL-OSI)

    Danish Ship Finance issues new fixed rate non-callable bullet bond (SCB) with maturity date 25 March 2031.

    In connection with the opening of new ISINs under the Danish Ship Finance A/S base prospectus dated 9 July 2024, as supplemented by supplement no. 1 dated 26 August 2024, and further supplemented by supplement no. 2 dated 27 February 2025, Danish Ship Finance issues new Final Bond Terms. 

    The Final Bond Terms are stated below. 

    The Danish Ship Finance A/S Base Prospectus dated 9 July 2024, including the supplements there to and the relevant Final Bond Terms are available for download on Danish Ship Finance A/S’ website at http://www.shipfinance.dk/investor-relations/.  

    ISIN  Capital Centre  Currency  Opening date  Maturity 
    DK0004134020  Capital Centre A  EUR  25 March 2025  25 March 2031 

    Questions may be addressed to: 

    Head of Funding and Investor Relations  

    Simon Hajaj Ruby Harmat 

    Tel: +45 33 74 10 48 

    Email: IR@skibskredit.dk 

    Attachment

    The MIL Network

  • MIL-OSI Asia-Pac: Update on bio-safety laboratories in the country

    Source: Government of India (2)

    Update on bio-safety laboratories in the country

    165 bio-safety laboratories, including 11 BSL-3 level labs and 154 BSL-2 level labs approved under the scheme “Setting up of a Nationwide Network of Laboratories for Managing Epidemics and National Calamities”

    Since 2021, a total of 42 Virus Research and Diagnostic Laboratories approved under the Scheme; 38 labs out of these already functional, 4 labs approved in FY2024-25

    Bio-safety laboratories established in various institutes of government bodies and departments: Department of Biotechnology-26 labs; ICMR- 21 labs; CSIR-11 labs; and ICAR-9 labs

    5 BSL/ABSL-3 labs funded by Anusandhan National Research Foundation (ANRF)

    Posted On: 21 MAR 2025 4:05PM by PIB Delhi

    The Department of Health Research (DHR), Ministry of Health and Family Welfare has established a network of Virus Research and Diagnostic Laboratory (VRDL) under the central sector scheme “Setting up of a Nationwide Network of Laboratories for Managing Epidemics and National Calamities”. Under this scheme, 165 bio-safety laboratories, including 11 BSL-3 level labs and 154 Biosafety Level 2 (BSL-2) labs have been approved. Besides that, there are 21 other bio-safety laboratories established at various institute of Indian Council of Medical Research (ICMR), having equipped with different level of biosafety such as BSL-4 (1), BSL-3 (8) and BSL-2 (12).

    As informed by Department of Science & Technology (DST), Anusandhan National Research Foundation (ANRF) has also funded 5 BSL/ABSL-3 labs under the Intensification of Research in High Priority Areas (IRHPA) programme. Based on inputs from the Department of Biotechnology (DBT), 26 bio-safety laboratories have been established in various institutes of DBT.

    According to Indian Council of Agriculture Research (ICAR), 9 bio-safety laboratories have been established in various institutes of ICAR. As per information provided by Council of Scientific and Industrial Research (CSIR), 11 bio-safety laboratories have been established in various institutes of CSIR.

    Since the year 2021, a total of 42 Virus Research and Diagnostic Laboratories have been approved under the scheme “Setting up of a Nationwide Network of Laboratories for Managing Epidemics and National Calamities”, out of which 41 labs are BSL-2 and 1 lab is BSL-3. These labs are mainly located in the Microbiology Departments of various medical colleges and research institutions.

    The funds from the scheme are utilized for upgradation of infrastructure, procurement of equipment, consumables and manpower support. These labs are mandated to conduct diagnosis & research on mainly viral pathogens of public health importance. The testing data are fed on the dedicated data portal setup at ICMR-National Institute of Epidemiology (ICMR-NIE), Chennai, which also has data sharing interface with Integrated Health Information Platform (IHIP) portal. The laboratory is considered functional once the lab starts reporting on the data portal.

    As on date, out of 42 VRDLs, 38 labs are functional since these are reporting the testing data on the ICMR-NIE portal.  4 labs namely, Nagaon Medical College & Hospital, Nagaon, Assam; Sree Chitra Tirunal Institute for Medical Sciences & Technology (SCTIMST), Thiruvananthapuram, Kerala; Dr Laxminarayan Pandey Government Medical College, Ratlam and Dr B.R. Ambedkar State Institute of Medical Sciences, Mohali were sanctioned in the financial year 2024-25.

    The Union Minister of State for Health and Family Welfare, Shri Prataprao Jadhav stated this in a written reply in the Lok Sabha today.

    ****

    MV

    HFW/Update on bio-safety laboratories in the country/21March 2025/4

     

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  • MIL-OSI Asia-Pac: Steps taken by the Government to expand healthcare infrastructure

    Source: Government of India (2)

    Steps taken by the Government to expand healthcare infrastructure

    PM-ABHIM enhancing public health infrastructure through investments in health centres, critical care beds, block public health units, and integrated district laboratories, focusing on improved rural healthcare access

    Grants to local governments recommended by Fifteenth Finance Commission to strengthen grassroots health systems from FY 2021-22 to FY 2025-26

    PMSSY aims to correct regional imbalances in affordable tertiary healthcare and enhance facilities for quality medical education

    Provisions for incentives and honorariums under NHM encourage doctors and paramedics to practice in rural and remote areas, ensuring equitable access to medical facilities across all States/UTs

    Posted On: 21 MAR 2025 4:01PM by PIB Delhi

    The Ministry of Health and Family Welfare provides technical and financial support to the States/UTs to strengthen the public healthcare system including setting up of health facilities and recruitment of medical personnel based on the proposals received in the form of Programme Implementation Plans (PIPs) under National Health Mission. Government of India provides approval for the proposal in the form of Record of Proceedings (RoPs) as per norms & available resources.

    Further, Government of India has launched several schemes to address healthcare infrastructure in all the States/UTs in the country in addition to National Health Mission:

     

    • Pradhan Mantri Ayushman Bharat Health Infrastructure Mission (PM-ABHIM) envisages increased investments in public health and other health reforms to provide better access to health in rural areas by i) Strengthening of Health and Wellness Centres in villages and cities for early detection of diseases; ii) Addition of new critical care-related beds at district level hospitals; iii) Support for Block Public Health Units (BPHU) in 11 high focus States; and iv) Integrated district public health laboratories in all districts.
    • The Fifteenth Finance Commission (FC-XV) has recommended grants through local governments for specific components of the health sector and spread over the five-year period from FY 2021-22 to FY 2025-26 to facilitate strengthening of health system at the grass-root level.
    • The Pradhan Mantri Swasthya Suraksha Yojana (PMSSY) aims at correcting regional imbalances in the availability of affordable tertiary healthcare services and to augment facilities for quality medical education in the country. The Scheme has two components, namely: i) setting up of all India Institute of Medical Sciences (AIIMS); and (ii) upgradation of existing Government Medical Collages/ Institution (GMCIs). 
    • Under Centrally Sponsored Scheme (CSS), ‘Establishment of new medical colleges attached with existing district/referral hospitals’, with preference to underserved areas and aspirational districts, where there is no existing Government or private medical college. The fund sharing mechanism between the Centre and State Governments is in the ratio of 90:10 for North Eastern and Special Category States, and 60:40 for others.

     

    Under NHM, following types of incentives and honorarium are provided for encouraging doctors and paramedics to practice in rural and remote areas to ensure equitable access to medical facilities across all the States/UTs in the country:

     

    • Hard area allowance to specialist doctors for serving in rural and remote areas and for their residential quarters so that they find it attractive to serve in public health facilities in such areas.
    • Honorarium to Gynecologists/ Emergency Obstetric Care (EmOC) trained, Pediatricians & Anesthetist/ Life Saving Anaesthesia Skills (LSAS) trained doctors is also provided to increase availability of specialists for conducting Cesarean Sections in rural & remote area.
    • Incentives like special incentives for doctors, incentive for Auxiliary Nurse and Midwife (ANM) for ensuring timely Antenatal Checkup (ANC) checkup and recording, incentives for conducting Adolescent Reproductive and Sexual Health activities.
    • States are also allowed to offer negotiable salary to attract specialist including flexibility in strategies such as “You Quote We Pay”.
    • Non-Monetary incentives such as preferential admission in post graduate courses for staff serving in difficult areas and improving accommodation arrangement in rural areas have also been introduced under NHM.
    • Multi-skilling of doctors is supported under NHM to overcome the shortage of specialists. Skill upgradation of existing HR is another major strategy under NRHM for achieving improvement in health outcomes.

     

    The Union Minister of State for Health and Family Welfare, Shri Prataprao Jadhav stated this in a written reply in the Lok Sabha today.

     

    ****

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  • MIL-OSI Asia-Pac: SAGARMALA SCHEME

    Source: Government of India (2)

    Posted On: 21 MAR 2025 3:54PM by PIB Delhi

    Sagarmala is the flagship Central Sector Scheme of the Ministry of Ports, Shipping and Waterways to promote port-led development in the country through harnessing India’s 7,500 km long coastline, and 14,500 km of potentially navigable waterways. Under the Sagarmala Scheme, the Ministry provides financial assistance to State/UT Governments for Port infrastructure projects, Coastal berth projects, Road & Rail projects, fishing harbours, skill development projects, Coastal community development, cruise terminal and projects such as Ro-Pax ferry services. Ministry has till date undertaken 119 projects at a total Cost of Rs. 9407 Cr. for partial funding under Sagarmala Scheme. Out of these, 72 projects have been completed till date.

    The projects under Sagarmala Scheme are categorized into five pillars – port modernization, port connectivity, port-led industrialization, coastal community development and coastal shipping & inland water transport Ministry under Sagarmala Scheme is providing financial assistance to 8 projects worth Rs. 273 cr. in the State of Kerala. The detailed of the projects undertaken in the State of Kerala pillar wise is provided in Annexure-I.

    Annexure –I

    List of projects in Kerala under Sagarmala Scheme

    S.no

    Name of Project

    Project Pillar

    Total project Cost (Rs. In Cr.)

    MoPSW share (Rs. In Cr.)

    Status

    1.

    Refurbishment and Capacity enhancement of  Coastal liquid terminal -COT and NTB at CoPT

    Port Modernization

    20.00

    14.96

    Completed

    2.

    Construction of Multipurpose Coastal Berth at Kollam

    Coastal Shipping and IWT

    19.00

    7.24

    Completed

    3.

    Construction of Fishing Harbour at Thalai in Kannur District in Kerala

    Coastal Community Development

    35.00

    6.90

    Completed

    4.

    Construction of Mini Fishing Harbour Chettuva in Thrissur District in Kerala

    Coastal Community Development

    30.00

    4.68

    Completed

    5.

    Coastal Districts Skill Development Program – Phase 2 -Kerala

    Coastal Community Development

    25.02

    23.86

    Under Implementation

    6.

    Reconstruction of South Coal Berth at Cochin Port for handling chemicals

    Port Modernization

    17.70

    8.85

    Completed

    7.

    Fisheries Harbour at Cochin port

    Coastal Community Development

    113.32

    50.00

    Under Implementation

    8.

    Development of RORO facilities for handling propylene and other cargo at Cochin Port

    Coastal Shipping and IWT

    12.46

    12.46

    Completed

    TOTAL

     

    272.50

     

     

     

    This information was given by the Union Minister of Ports, Shipping and Waterways, Shri Sarbananda Sonowal in a written reply to the Lok Sabha.

    ***

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  • MIL-OSI Asia-Pac: One Billion Tonne: Strengthening India’s Energy Future!

    Source: Government of India

    One Billion Tonne: Strengthening India’s Energy Future!

    Coal Production in the Country Crosses 1 BT Mark

    Posted On: 21 MAR 2025 3:45PM by PIB Delhi

    India has achieved a momentous milestone in coal production, surpassing one billion tonnes (BT) on March 20, 2025, in the fiscal year 2024-25. This remarkable achievement comes 11 days ahead of last fiscal year’s coal production of 997.83 million tonnes (MT), underscoring India’s significant progress in ensuring its energy demands and driving industrial, agricultural, and overall economic growth.

    The coal sector’s success is attributed to the tireless efforts of Coal Public Sector Undertakings (PSUs), private players, and the dedicated workforce of around 5 lakh mine workers across more than 350 coal mines. These coal miners, who have defied numerous challenges with unmatched dedication, have played a pivotal role in achieving this historic milestone.

    India relies on coal for approximately 55% of its energy mix, and around 74% of the country’s electricity is generated by coal-based power plants. This underscores the critical importance of coal in powering India’s economy and sustaining energy security.

    The record-breaking coal production reflects the Government’s strategic reforms and policies, such as amendments to the Mines and Minerals (Development and Regulation) Act and the opening of the coal sector to private players through the commercial auctioning of coal blocks. These initiatives have led to a marked increase in the availability of domestic coal, progressively substituting imports and significantly contributing to foreign exchange savings. From April to December 2024, India’s coal imports declined by 8.4%, resulting in forex savings of around $5.43 billion (₹42,315.7 crore) as compared to the same period of last year.

    This milestone aligns with Prime Minister Narendra Modi’s vision of ‘Atmanirbhar Bharat’ and highlights the Ministry of Coal’s ongoing efforts to foster self-reliance in the energy sector while ensuring sustainable development.

    This achievement is not just about coal production; it is a crucial step towards ensuring long-term energy security and propelling India’s overall development. By embracing advanced mining techniques, optimizing logistics, and promoting sustainable practices, the coal sector is playing a central role in strengthening India’s energy infrastructure and bolstering economic resilience.

    Aligned with the ‘Viksit Bharat 2047’ vision, this milestone positions India to become fully self-reliant in the energy sector. Through continued strategic reforms, technological advancements, and a focus on responsible resource management, India’s journey towards an Atmanirbhar Bharat remains on track. This achievement is a testament to the nation’s unwavering dedication to securing a self-reliant, energy-secure future for generations to come.

    ****

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  • MIL-OSI Asia-Pac: Multiple Schemes Launched by Govt to Provide Financial Support to Women Across India

    Source: Government of India

    Posted On: 21 MAR 2025 3:31PM by PIB Delhi

    Recognizing the transformative potential of start-ups, the Government has introduced several initiatives to support and nurture entrepreneurship, including women’s entrepreneurship. More than 73000 start-ups, representing nearly half of the 157066 start-ups supported by the government under the Start-up India Initiative, have at least one-woman director, underscoring the crucial role women play in driving innovation and economic growth.

    There are a number of schemes/ initiatives being implemented by various Ministries/ Departments of the Government of India across the country to financially support women.

    The schemes to provide skilling opportunities for women include Pradhan Mantri Kaushal Vikas Yojna (PMKVY) and Mahila Coir Yojana (MCY) which is a sub-component of the Coir Vikas Yojana, among others.

    Some of the schemes to facilitate women entrepreneurs and start-ups include

    (i) The Indian Patent Act that provides for expedited examination, when at least one of the applicants is a female. It is a concerted effort to encourage women innovators to file patent applications and protect their inventions.

    (ii) Women entrepreneurs, who file for protection of their Intellectual Property in individual capacity, have to pay reduced fees as compared to other large entities. Patent filings by women has increased over 905% in the past 5 years. Women lead about one-third of the start-ups incubated under the Atal Innovation Mission’s Atal Incubation Centres, which foster innovation at universities, institutions and corporates among others.

    (iii) Stand Up India, Start Up India and MUDRA Yojna facilitate bank loans and entrepreneurial activities and have majorly benefitted women entrepreneurs.

    (iv) The Credit Guarantee Scheme for Start-ups (CGSS) to provide credit guarantee up to a specified limit against loans extended by Member Institutions (MIs) to finance eligible borrowers including women as defined in the Gazette Notification issued by the Department for Promotion of Industry and Internal Trade (DPIIT) and amended from time to time.

    (v) The Prime Minister Employment Generation Programme (PMEGP) which is a major credit-linked subsidy programme aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector.

    (vi) The Government has made enabling provisions in the Companies Act, 2013, mandating companies to have at least one woman Director.

    (vii) Schemes such as Pradhan Mantri Street Vendors AtmaNirbhar Nidhi (PM SVANidhi) provides employment/ self-employment and credit facilities to street vendors. Majority of the beneficiaries under these schemes are women.

    In addition to the above schemes, there are several other schemes/ initiatives also being implemented by nationalised banks to support women entrepreneurs. These include Mahila Udyam Nidhi Yojana, Dena Shakti Scheme, Stree Shakti Package for Women Entrepreneurs and Cent Kalyani Scheme etc.

    This information was given by the Minister of State for Women and Child Development Smt. Savitri Thakur in Lok Sabha in reply to a question today.

    *****

    SS/MS

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  • MIL-OSI Asia-Pac: PARLIAMENT QUESTION: ACHIEVEMENTS UNDER NHDP

    Source: Government of India (2)

    Ministry of Textiles

    PARLIAMENT QUESTION: ACHIEVEMENTS UNDER NHDP

    Posted On: 21 MAR 2025 12:56PM by PIB Delhi

    The details of the targets set & achievements under the National Handicraft Development Programme (NHDP) and the Comprehensive Handicrafts Cluster Development Scheme (CHCDS) during the last five years, including the number of toolkits distributed, infrastructure projects sanctioned and completed, artisans provided with interest rate subvention, and mega clusters established, year-wise are enclosed at below.

    The details of fund sanctiond and released, under NHDP and CHCDS during the last five years, state-wise and year-wise are enclosed at below.  Under the various components of the scheme, the funds are released ranging between 50-75% of the sanctioned amount, therefore the released amount every year is less than the sanctioned amount.

    The office of DC (handicrafts) has sanctioned one project namely Strengthening of Urban Haat under NHDP scheme at Tirupati, Andhra Pradesh during last five year and its current status is completed.  Further, this office has also sanctioned projects to the state of Andhra Pradesh under CHCDS scheme and the details including current status are as given below:

    Sl. No

    Name of Infrastructure component

    Year of sanction

    District

    Current Status

    1

    Common Facility Centre

    2022-23

    Eluru

    Ongoing project

    2

    Common Facility Centre

    2022-23

    Palnadu

    Ongoing project

    3

    Common Facility Centre

    2022-23

    NTR

    To be started

    4

    Common Facility Centre

    2022-23

    Eluru

    To be started

    5

    Common Facility Centre

    2022-23

    Parvathipuram Manyam

    To be started

    6

    Raw Material Bank

    2022-23

    NTR

    To be started

    The number of artisans who have benefited from skill development programme, training, and financial assistance under NHDP in Andhra Pradesh, district-wise, during the last three years are given in below.

    The office of the Development Commissioner (Handicrafts) under the aegis of Ministry of Textiles plans for need based programmes & interventions for the sector based on the requirement projected by the artisans, non-profit organizations & state Government agencies as per the financial target approved in EFC for NHDP and SFC for CHCDS scheme respectively. 

    Statement referred to in reply to part (a) of the Lok Sabha unstarred Question No. 2978 for answer on 18.03.2025.

    The details of the targets set and achievements under the National Handicraft Development Programme (NHDP) and the Comprehensive Handicrafts Cluster Development Scheme (CHCDS) during the last five years are as under:

    S. No

    Name of the Scheme

    FY 2019-20

    FY 2020-21

    Target

     Achievements

    Target

     Achievements

    1

    National Handicrafts Development Programme (NHDP)

    382 Domestic & International  Marketing event

    213 Domestic & International  Marketing event

    433  Domestic & International  Marketing event

    91  Domestic & International  Marketing event

    404 Skill & Design Development Training

    527 Skill & Design Development Training

    574 Skill & Design Development Training

    331  Skill & Design Development Training

    3,750 toolkits distributions

    2,935 toolkits distributions

    3,750 toolkits distributions

    4,250 toolkits distributions

    65  Clusters Formation

    65  Clusters Formation

    Formation of 40 Producer Companies

    Formation of 45 Producer Companies

    05 Infrastructure projects

    08  Infrastructure projects

    13 Infrastructure projects

    08  Infrastructure projects

    Financial Support to 300 artisans under indigent circumstances

    Financial Support to 302 artisans under indigent circumstances

    Financial Support to 300 artisans under indigent circumstances

    Financial Support to 302 artisans under indigent circumstances

     Interest Subvention to 50,000 artisans

    0

     Interest Subvention to 50,000 artisans

    0

    Coverage of 2.00 lakhs artisans under Bima Yojanas

    Coverage of 2,346 artisans under Bima Yojanas

    Coverage of 2.00 lakhs artisans under Bima Yojanas

    0

     Issuance of 3.50 Lakhs artisans Identity card

     Issuance of 2.50 Lakhs artisans Identity card

    Margin Money to 3000 artisans

    Margin Money to 3,000 artisans

     Issuance of 3.50 Lakhs artisans Identity card

     Issuance of 2.50 Lakhs artisans Identity card

    15 Survey/ Studies

    15 Survey/ Studies

    13 Survey/ Studies

    13 Survey/ Studies

    44 Seminar/ Workshops

    45 Seminar/ Workshops

    40 Seminar/ Workshops

    40 Seminar/ Workshops

    2

    Comprehensive Handicrafts Cluster Development Scheme (CHCDS)

    Completion of 09 Mega Cluster projects, 10 IDPH Projects

    Completion of projects at advanced level

    Completion of 09 Mega Cluster projects, 10 IDPH Projects and setting up of 2 new IDPH projects

    Completion of all projects at final stage and sanctioned of 2 new IDPH projects

    S. No

    Name of the Scheme

    FY 2021-22

    FY 2022-23

    Target

     Achievements

    Target

    Achievements

    1

    National Handicrafts Development Programme (NHDP)

    149 Domestic & International  Marketing event

    286  Domestic & International  Marketing event

    165 Domestic & International  Marketing event

    338 Domestic & International  Marketing event

    366 Skill & Design Development Training

    584 Skill & Design Development Training

    375 Skill & Design Development Training

    315  Skill & Design Development Training

    8,000 toolkits distributions

    13,267 toolkits distributions

    10,000 toolkits distributions

    9,750 toolkits distributions

    Identification of 60 Adopted & Export Oriented Clusters

    Identification of 73 Adopted & Export Oriented Clusters

    Identification of 60 Adopted & Export Oriented Clusters

    0

    Formation of 40 Producer Companies

    Formation of 16  Producer Companies

    Formation of 40 Producer Companies

    Formation of 90 Producer Companies

    08 Infrastructure projects

    10 Infrastructure projects

    07 Infrastructure projects

    28 Infrastructure projects

    Financial Support to 365 artisans under indigent circumstances

    Financial Support to 365 artisans under indigent circumstances

    Financial Support to 410 artisans under indigent circumstances

    Financial Support to 339 artisans under indigent circumstances

     Interest Subvention to 4,000 artisans

     Interest Subvention to 25 artisans

     Interest Subvention to 4,000 artisans

     Interest Subvention to 130 artisans

    Margin Money to 1,500 artisans

    Margin Money to 25 artisans

    Margin Money to 1,500 artisans

    Margin Money to 212 artisans

     Issuance of 2.0 Lakhs artisans Identity card

     Issuance of 1.70 Lakhs artisans Identity card

     Issuance of 1.5 Lakhs artisans Identity card

    Issuance of 1.82 Lakhs artisans Identity card

    80 Awareness Programme

    06 Craft Awareness Programme, 08 Workshops and 670 Chaupal conducted

    125 Awareness Programme

    14 Workshops and 670 Chaupal

    17 Survey/ Studies

    20 Survey/ Studies

    20 Survey/ Studies

    04 Survey/ Studies

    55 Seminar/ Workshops

    212 Seminar/ Workshops

    55 Seminar/ Workshops

    231 Seminar/ Workshops

    2

    Comprehensive Handicrafts Cluster Development Scheme (CHCDS)

    Setting up of 3 Mega Clusters

    Setting up of 4 Mega Clusters

    Setting up of 7 Mega Clusters

    Setting up of 8 Mega Clusters

    S. No

    Name of the Scheme

    2023-24

    Target

     Achievements

    1

    National Handicrafts Development Programme (NHDP)

    181 Domestic & International  Marketing event

    208 Domestic & International  Marketing event

    378 Skill & Design Development Training

    452 Skill & Design Development Training

    10,000 toolkits distributions

    9,050 toolkits distributions

    Identification of 60 Adopted & Export Oriented Clusters

    Identification of 22 Adopted & Export Oriented Clusters

    Formation of 40 Producer Companies

    Formation of 49 Producer Companies

    08 Infrastructure projects

    21 Infrastructure projects

    Financial Support to 465 artisans under indigent circumstances

    Financial Support to 538 artisans under indigent circumstances

     Interest Subvention to 4,000 artisans

     Interest Subvention to 1,144 artisans

    Margin Money to 1,500 artisans

    Margin Money to 299 artisans

     Issuance of 1.5 Lakhs artisans Identity card

     Issuance of 1.53 Lakhs artisans Identity card

    125 Awareness Programme

    670 Awareness Programme

    22 Survey/ Studies

    10 Survey/ Studies

    60 Seminar/ Workshops

    137 Seminar/ Workshops

    2

    Comprehensive Handicrafts Cluster Development Scheme (CHCDS)

    Setting up of 5 Mega Clusters/ IDPH

    Setting up of 1 Mega Clusters

    Statement referred to in reply to part (b) of the Lok Sabha unstarred Question No. 2978 for answer on 18.03.2025.

    The details of fund sanctioned & released, under National Handicraft Development Programme (NHDP) during the FY 2019-20 to 2023-24 are as under :

    (Rs. In Lakhs)

    Sl.
    No

    States/UTs

    2019-20

    2020-21

    2021-22

    2022-23

    2023-24

    Funds sanctioned

    Funds released

    Funds sanctioned

    Funds released

    Funds sanctioned

    Funds released

    Funds sanctioned

    Funds released

    Funds sanctioned

    Funds released

    1.  

    A & N Islands

    93.37

    46.68

    53.84

    29.41

    31.19

    26.73

    20.28

    20.28

    17.45

    17.45

    1.  

    Andhra Pradesh

    353.13

    183.57

    526.02

    312.55

    1,528.20

    807.19

    548.52

    323.49

    391.57

    321.18

    1.  

    Arunachal Pradesh

    38.97

    31.37

    23.89

    17.01

    149.64

    124.19

    23.44

    23.44

    59.77

    44.74

    1.  

    Assam

    315.78

    195.64

    691.64

    396.73

    717.84

    494.30

    728.57

    536.59

    326.11

    247.76

    1.  

    Bihar

    495.81

    223.41

    397.38

    193.42

    220.77

    128.12

    717.73

    481.05

    451.44

    248.84

    1.  

    Chandigarh

    98.68

    53.81

    0.00

    0.00

    50.25

    20.25

    72.91

    44.18

    27.84

    20.88

    1.  

    Chhattisgarh

    203.94

    131.19

    146.81

    110.47

    139.44

    99.49

    118.93

    94.98

    56.34

    47.03

    1.  

    Daman & Dew

    0.00

    0.00

    0.00

    0.00

    0.00

    0.00

    8.94

    6.71

    0.00

    0.00

    1.  

    Delhi

    2,234.11

    2,105.66

    2,965.05

    2,901.15

    3,011.61

    2,759.39

    947.53

    785.52

    1,332.61

    816.59

    1.  

    Goa

    25.50

    12.75

    0.00

    0.00

    49.35

    43.39

    53.09

    44.92

    45.28

    31.36

    1.  

    Gujarat

    310.57

    165.79

    503.50

    265.76

    1,654.40

    1,018.29

    1,430.52

    840.22

    999.29

    592.58

    1.  

    Haryana

    286.53

    149.32

    163.88

    81.94

    287.71

    164.84

    291.30

    210.47

    291.17

    195.46

    1.  

    Himachal Pradesh

    513.15

    292.86

    289.63

    192.62

    300.70

    198.05

    121.32

    91.51

    106.64

    79.68

    1.  

    Jammu and Kashmir

    51.95

    25.98

    373.07

    170.22

    584.62

    431.71

    1,172.36

    796.56

    1,076.91

    686.72

    1.  

    Jharkhand

    290.81

    190.00

    443.68

    266.64

    191.40

    133.37

    256.22

    190.83

    251.51

    156.83

    1.  

    Karnataka

    195.74

    123.54

    149.70

    86.63

    433.44

    273.18

    441.08

    333.41

    361.34

    282.69

    1.  

    Kerala

    209.84

    130.92

    241.80

    121.18

    307.67

    184.76

    275.81

    234.46

    202.80

    168.35

    1.  

    Ladakh

    29.70

    23.76

    5.94

    3.97

    45.44

    31.29

    35.55

    29.84

    112.04

    24.40

    1.  

    Madhya Pradesh

    726.01

    429.62

    680.29

    390.84

    531.76

    331.13

    588.77

    437.32

    452.77

    311.09

    1.  

    Maharashtra

    337.99

    204.88

    278.36

    150.34

    390.35

    266.95

    326.58

    265.78

    919.61

    423.06

    1.  

    Manipur

    76.68

    59.63

    249.81

    140.03

    1,198.22

    768.81

    1,169.90

    656.12

    266.11

    194.89

    1.  

    Meghalaya

    86.52

    56.73

    15.50

    15.50

    242.99

    184.01

    89.71

    76.92

    100.84

    53.93

    1.  

    Mizoram

    19.97

    19.97

    11.50

    11.48

    131.55

    98.93

    48.89

    45.09

    38.59

    22.60

    1.  

    Nagaland

    226.85

    131.78

    70.61

    41.56

    238.20

    144.66

    408.72

    239.08

    279.36

    220.03

    1.  

    Odisha

    155.32

    83.62

    194.87

    112.91

    888.00

    687.15

    462.47

    358.49

    475.47

    341.27

    1.  

    Puducherry

    33.25

    16.62

    124.74

    76.16

    234.97

    153.61

    142.42

    100.62

    71.77

    42.96

    1.  

    Punjab

    483.47

    281.05

    402.06

    236.66

    565.55

    345.88

    413.11

    318.18

    96.13

    74.53

    1.  

    Rajasthan

    412.33

    293.46

    622.25

    337.29

    1,127.93

    698.82

    1,715.64

    997.32

    2,163.86

    611.77

    1.  

    Sikkim

    181.00

    114.39

    12.50

    12.50

    43.48

    34.49

    89.97

    77.11

    38.92

    30.07

    1.  

    Tamil Nadu

    109.94

    68.34

    652.90

    130.08

    417.52

    242.89

    333.62

    264.64

    401.68

    282.88

    1.  

    Telangana

    261.21

    152.09

    287.26

    172.52

    219.63

    152.25

    299.31

    226.03

    339.06

    223.04

    1.  

    Tripura

    75.51

    53.73

    136.63

    86.42

    94.22

    58.80

    103.57

    86.10

    97.61

    66.32

    1.  

    Uttar Pradesh

    1,283.77

    663.25

    2,141.73

    1,179.84

    3,241.81

    2,506.53

    5,524.95

    3,120.76

    3,251.86

    1,990.44

    1.  

    Uttarakhand

    230.70

    116.04

    313.78

    203.30

    333.68

    199.95

    222.59

    176.29

    91.12

    76.71

    1.  

    West Bengal

    208.79

    121.86

    242.13

    132.13

    416.66

    250.92

    741.98

    527.28

    571.09

    391.84

    1.  

    All India (non state Specific)

    0.00

    0.00

    0.00

    0.00

    0.00

    0.00

    211.14

    67.67

    1,083.01

    1,079.26

    International Marketing

    1,195.13

    0.00

    371.29

    0.00

    737.02

    0.00

    2,136.10

    0.00

    674.12

    500.03

    Total

    11,852.02

    6,953.29

    13,866.02

    8,600.75

    20,757.22

    14,064.34

    22,293.52

    13,129.25

    17,523.09

    10,919.25

    Fund allocated and released under Comprehensive Handicrafts Cluster Development Scheme (CHCDS) during 2019-20 to 2023-24

    (Rs. In Lakhs)

    Sl.
    No.

    States/UTs

    2019-20

    2020-21

    2021-22

    2022-23

    2023-24

    FUNDS SANCTIONED

    FUNDS RELEASED

    FUNDS SANCTIONED

    FUNDS RELEASED

    FUNDS SANCTIONED

    FUNDS RELEASED

    FUNDS SANCTIONED

    FUNDS RELEASED

    FUNDS SANCTIONED

    FUNDS RELEASED

    1.  

    Andhra Pradesh

    0.00

    0.00

    0.00

    0.00

    129.09

    129.09

    0.00

    0.00

    328.00

    328.00

    1.  

    Bihar

    0.00

    0.00

    0.00

    0.00

    0.00

    0.00

    2,927.57

    0.00

    99.17

    99.17

    1.  

    Goa

    0.00

    0.00

    0.00

    0.00

    0.00

    0.00

    2.00

    0.00

    0.00

    0.00

    1.  

    Gujarat

    0.00

    0.00

    0.00

    0.00

    687.01

    0.00

    244.52

    196.00

    0.00

    0.00

    1.  

    Himachal Pradesh

    0.00

    0.00

    632.82

    316.41

    253.13

    253.13

    0.00

    0.00

    0.00

    196.90

    1.  

    Jammu and Kashmir

    593.61

    593.61

    2.84

    2.84

    0.00

    0.00

    0.00

    0.00

    0.00

    0.00

    1.  

    Ladakh

    0.00

    0.00

    0.00

    0.00

    1,754.55

    60.75

    0.00

    0.00

    0.00

    0.00

    1.  

    Madhya Pradesh

    1,000.58

    1,000.58

    0.00

    0.00

    51.80

    0.00

    0.00

    0.00

    612.17

    612.17

    1.  

    Odisha

    0.00

    0.00

    0.00

    0.00

    2,728.72

    545.98

    0.00

    0.00

    0.00

    0.00

    1.  

    Rajasthan

    1,183.35

    1,167.60

    1,469.38

    1,469.38

    0.00

    0.00

    0.00

    0.00

    0.00

    0.00

    1.  

    Telangana

    0.00

    0.00

    0.00

    0.00

    171.80

    163.67

    8.13

    8.13

    150.00

    150.00

    1.  

    Tripura

     

     

     

     

     

     

    0.00

    0.00

    464.00

    464.00

    1.  

    Uttar Pradesh

    450.15

    450.15

    281.78

    141.88

    13.33

    13.33

    1,852.24

    89.02

    0.00

    0.00

    Total

    3,227.69

    3,211.94

    2,386.824

    1,930.517

    5,789.434

    1,165.95

    5,034.46

    293.1478

    1,653.34

    1,850.24

     

     

    Statement referred to in reply to part (D) of the Lok Sabha unstarred Question No. 2978 for answer on 18.03.2025.

    The number of artisans who have benefited from skill development, training, and financial assistance

    under NHDP in Andhra Pradesh, district-wise, during the last three years are as under:

    Sl.
    No.

    2022-23

    2023-24

    2024-25

     

    District

    Number of artisans

    District

    Number of artisans

    District

    Number of artisans

    1.  

    Krishna

    120

    Guntur

    159

    Krishna

    44

    1.  

    Annakapalli

    128

    Annakapalli

    232

    Annakapalli

    66

    1.  

    Vishakhapatnam

    101

    Vishakhapatnam

    5

    Alluri Seetharamaraju

    30

    1.  

    East Godavari

    80

    East Godavari

    40

    Bapatla

    30

    1.  

    Eluru

    385

    Eluru

    114

    East Godavari

    50

    1.  

    Guntur

    40

    Konaseema

    124

    Eluru

    34

    1.  

    Kakinada

    50

    Krishna

    109

    Konaseema

    35

    1.  

    NTR

    457

    NTR

    325

    Krishna

    44

    1.  

    Palnadu

    280

    Palnadu

    34

    NTR

    76

    1.  

    Srikakulam

    95

    Parvathi puram manyam

    144

    Palnadu

    4

    1.  

    West Godavari

    545

    Srikakulam

    85

    Parvathi puram manyam

    34

    1.  

    Sri Sathya Sai

    150

    Vijayanagaram

    5

    Srikakulam

    4

    1.  

    Tirupati

    30

    West Godavari

    161

    Vijayanagaram

    5

    1.  

    Chittoor

    30

    Sri Sathya Sai

    100

    West Godavari

    75

    1.  

    Nellore

    1

    Chittoor

    50

    Annamayya

    30

    1.  

    Vijayanagaram

    1

    Tirupati

    30

    Kurnool

    31

    1.  

    Kurnool

    01

    Tirupati

    3

    1.  

    Srisathya sai

    3

    1.  

    Vishakhapatnam

    1

    Total

    2,493

     

    1,718

     

    599

     

    This information was provided by THE MINISTER OF STATE FOR TEXTILES SHRI PABITRA MARGHERITA in a written reply to a question in Lok Sabha today.

    *******

    DHANYA SANAL K

    DIRECTOR

    (Lok Sabha US Q2978)

    (Release ID: 2113554)

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: PARLIAMENT QUESTION: GI TAGGED PRODUCTS

    Source: Government of India (2)

    Posted On: 21 MAR 2025 12:55PM by PIB Delhi

    Ministry of Textiles promotes the provision of Geographical Indication (GI) of Goods (Registration & Protection) Act 1999, in respect of handloom & handicrafts products of pan India under the scheme, National Handloom Development Programme (NHDP) & National Handicrafts Development Programme (NHDP) respectively. Under the above scheme, financial assistance is provided for meeting the expenses in registering the designs/products, imparting training to personnel of implementing agencies and effective enforcement of G.I. registration. So far, a total no. of 214 handicrafts products and 104 handloom products, out of a total no. of 658 GI tagged products have been registered under the GI Act.

    In addition, summit/seminars, workshops, marketing events including participation in international fairs/expos etc. are organized to sensitize the weavers & artisans about the benefits of getting GI tags for their products and to improve their market share in domestic & international markets.

    To promote the GI handloom products in the domestic and international arena, a summit, “GI & Beyond – Virasat se Vikas Tak”, was organized recently highlighting & promoting the unique cultural and historical significance of GI-tagged handloom products from various regions, demonstrating their authenticity and craftsmanship to a global audience. The main objective was to provide marketing opportunities to the GI handloom weavers, to know the consumer market, global trend, etc. and to publicize the GI tagged products among the buyers. The event witnessed participation by GI authorized users, overseas buyers, domestic exporters & MNCs etc.

    This information was provided by THE MINISTER OF STATE FOR TEXTILES SHRI PABITRA MARGHERITA in a written reply to a question in Lok Sabha today.

    ****

    DHANYA SANAL K

    (Lok Sabha US Q2797)

    (Release ID: 2113550) Visitor Counter : 68

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Housing Authority endorses tightening of “Well-off Tenants Policies” and review of implementation details

    Source: Hong Kong Government special administrative region

    Housing Authority endorses tightening of “Well-off Tenants Policies” and review of implementation details 
         The Hong Kong Housing Authority (HA) Subsidised Housing Committee (SHC) endorsed today (March 21) the tightening of “Well-off Tenants Policies” (WTP) and the rationalisation of some of the implementation details.
     
         “The Chief Executive announced in the 2024 Policy Address that the WTP of public rental housing (PRH) will be tightened up, by raising the additional rent and lowering the income limit of well-off tenants. In this connection, the HA has reviewed various arrangements to expedite the circulation of PRH flats and encourage upward mobility of well-off tenants,” a spokesman for the HA said.
     
    Tightening up the WTP
     
         Under the existing WTP, PRH tenants who have resided in PRH for 10 years or more are required to declare biennially their income, assets and whether they own domestic properties in Hong Kong. Households whose family income exceeds five times the prevailing PRH income limits (PRHILs) or with a total household net asset value exceeding 100 times the prevailing PRHILs or who have domestic property ownership in Hong Kong (applicable to all PRH households regardless of their length of residence in PRH), or refuse to make declaration should vacate their PRH flats. PRH households who do not have domestic property ownership in Hong Kong and whose household income exceeds two times and not more than three times the prevailing PRHILs, will be required to pay 1.5 times net rent plus rates; if their household income exceeds three times and not more than five times the prevailing PRHILs, they will be required to pay double net rent plus rates. These tenants may continue to reside in their PRH flats.
     
    Raising the additional rent for well-off tenants
     
         In order to allocate resources properly, the SHC has endorsed reducing the subsidies for well-off tenants by raising their additional rents. Households whose family income exceeds two times and not more than three times the prevailing PRHILs will be required to pay 2.5 times net rent plus rates; households whose family income exceeds three times and not more than four times the prevailing PRHILs will be required to pay 3.5 times net rent plus rates; households whose family income exceeds four times and not more than five times the prevailing PRHILs will be required to pay 4.5 times net rent plus rates. For details, please refer to the Annex.
     
         “With the increase in additional rents for well-off tenants, average rent to total household income of well-off tenants will account for about 11 per cent. While this is still much lower than the median rent-to-income ratio of 31.5 per cent for households renting private residential flats, it is comparable to general PRH tenants, which is more reasonable,” the spokesman said.
     
         The new additional rent level will take effect from the declaration cycle in October this year, and the first batch of well-off tenants will pay rent in accordance with the new additional rent level on October 1, 2026.
     
    Adjusting the threshold for vacating PRH flats
     
         The SHC also endorsed that PRH tenants with income levels exceeding four times but not five times the PRHILs after two declaration cycles (i.e. four years in total) must also vacate their flats.
     
         “This adjustment will not affect tenants whose financial condition has just begun to improve, and it will also enable better-off PRH tenants to make early arrangements for vacating their PRH flats to ensure the proper use of public housing resources,” the spokesman said.
     
    Encourage upward mobility of well-off tenants
     
    The SHC also endorsed the suggestions below:

    (a) Starting from the next home ownership scheme (HOS) sale exercise, adjust the quota allocation ratio of Green Form (GF) and White Form (WF) to 50:50; 
         “Under the whole package of enhancements to the WTP, we have on the one hand reduced the subsidy for well-off tenants, and at the same time increased their chances of success in purchasing SSF. This aligns with the principles and vision of the HA in optimising the use of public housing resources and encouraging upward mobility,” the spokesman said.
     
    Rationalising the implementation details of the WTP
     
    Arrangements for PRH tenants who have purchased domestic properties in Hong Kong
     
         Under the prevailing arrangements, if an individual member of a PRH tenancy purchased an SSF using WF status or purchased private domestic property, the HA will issue a Notice To Quit to the tenant concerned for the surrender of the PRH flat, irrespective of whether or not the property concerned has been completed. As for the GF applicants, they do not need to vacate their flat before taking possession of the purchased property and can continue to pay the prevailing level of rent.
     
         To encourage and enable the upward mobility of PRH tenants and with the completion of more SSFs in the future, the SHC endorsed: 
    Enhancing the declaration arrangements of the WTP
     
         Under the existing declaration form under the WTP, all household members of a PRH tenancy are required to declare jointly whether they own any domestic property in Hong Kong, and all members of the household are jointly responsible for the truthfulness and accuracy of the contents of the declaration. The SHC endorsed the enhancement direction of the declaration arrangement. The HA will require each family member to declare individually whether they own any domestic property in Hong Kong under the WTP declaration, so as to identify those who has made false declarations for the purpose of taking enforcement measures. The member who has made false declarations will be subject to a five-year debarment for the application of PRH and liable to prosecutions.
     
         Measures related the rationalisation of the implementation details of the WTP, will be implemented from March 31, this year onwards. “Policy on Grant of New Tenancy” and “Tenancy Management Policies” adopt the same implementation criteria as the WTP, and the relevant policies will also be implemented on the same date.Issued at HKT 15:14

    NNNN

    MIL OSI Asia Pacific News