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Category: Finance

  • MIL-OSI Asia-Pac: 8th Session of India-Russia Working Group on Priority Investment Projects held in New Delhi

    Source: Government of India

    8th Session of India-Russia Working Group on Priority Investment Projects held in New Delhi

    India and Russia agree on 6 new strategic projects to boost bilateral investment cooperation

    2nd Edition of India-Russia Investment Forum held alongside Working Group meeting

    Posted On: 09 APR 2025 8:35PM by PIB Delhi

    The 8th Session of the India-Russia Working Group on Priority Investment Projects (IRWG-PIP) under the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation was held in New Delhi today.

    The Working Group meeting was held successfully, with the co-chairs signing a protocol highlighting multiple projects of strategic importance to both nations. The session aimed at strengthening economic ties between India and Russia by identifying and advancing collaborative projects in sectors of mutual interest.

    The Working Group also reviewed the outcomes of the 7th session, and both sides agreed to include six new strategic projects aimed at deepening bilateral investment cooperation. Discussions were held in a constructive atmosphere, with both countries reaffirming their commitment to expand investment collaboration across various sectors.

    On the sidelines of the 8th Session of IRWG-PIP, the 2nd Edition of the India-Russia Investment Forum was also organised, in collaboration with Invest India, Indian Chamber of Commerce (ICC), and the Ministry of Economic Development of the Russian Federation.

    The Session was co-chaired by Secretary, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Shri Amardeep Singh Bhatia from the Indian side, and Deputy Minister of the Ministry for Economic Development of the Russian Federation, H.E. Mr. Vladimir Ilichev, from the Russian side.

    The India-Russia Investment Forum saw enthusiastic participation from over 80 Indian and Russian businesses, including entrepreneurs, financial institutions, cargo companies, business chambers, researchers, and officials.

    ***

    Abhishek Dayal/ Abhijith Narayanan/ Ishita Biswas

    (Release ID: 2120588) Visitor Counter : 78

    MIL OSI Asia Pacific News –

    April 10, 2025

  • MIL-OSI Asia-Pac: Union Minister Ram Mohan Naidu inaugurates Digital Flight Data Recorder Lab at Aircraft Accident Investigation Bureau, equipped with state-of-art equipments

    Source: Government of India

    Posted On: 09 APR 2025 8:32PM by PIB Delhi

    Union Minister of Civil Aviation, Shri Ram Mohan Naidu, today inaugurated the cutting-edge Digital Flight Data Recorder and Cockpit Voice Recorder (DFDR & CVR) Laboratory at the Aircraft Accident Investigation Bureau (AAIB) at Udaan Bhawan in New Delhi. Widely referred to as the “Black Box Lab,” this state-of-the-art facility has been established with an investment of ₹ nine crore.

    The inauguration witnessed the presence of senior officials from the Ministry of Civil Aviation, Directorate General of Civil Aviation, Indian Air Force, Bureau of Civil Aviation Security, Airports Authority of India, and Airports Economic Regulatory Authority. Chiefs of Flight Safety from all major scheduled airlines also attended this landmark event.

    Addressing the gathering, Shri Ram Mohan Naidu emphasized the significance of this new facility in bolstering aviation safety. He stated that this achievement brings India one step closer to a safer aviation ecosystem by enabling the identification of root causes of incidents more effectively and ensuring accountability, which remains the cornerstone of aviation safety. The Minister highlighted that only through effective and independent investigations can future accidents be prevented.

    The Minister lauded the contributions of Hindustan Aeronautics Limited (HAL) in supporting AAIB to establish advanced DFDR and CVR laboratories and equipping them to analyze retrieved flight data from aircraft. He expressed pride in HAL’s indigenous capacity to manufacture and repair FDRs, noting that India now boasts one of the most advanced avionics systems globally. Acknowledging the rapid expansion of India’s aviation sector, he underscored the need for equally robust safety measures to keep pace with the vision of achieving 350–400 airports by 2047, as envisioned under the leadership of Prime Minister Shri Narendra Modi.

    The state-of-the-art facility will enable AAIB to repair damaged black boxes, retrieve data, and conduct thorough analyses of accidents and incidents. With the ability to correlate data from the Cockpit Voice Recorder, Radar, and Flight Data Recorder, the lab will enhance the accuracy of investigative findings. The establishment of this lab, built to international standards and comparable to those of developed nations, fulfills India’s obligations as an ICAO member state.

    Director General, AAIB, Shri G V G Yugandhar stated that the lab would extend its support to neighboring nations in aviation investigations, demonstrating India’s commitment to regional safety collaboration. Additionally, with the ambitious goal of manufacturing aircraft and helicopters for commercial use, the facility will play a crucial role not only in accident investigation but also in ensuring accident prevention through required design changes and operating procedure updates.

    This facility represents a critical step in strengthening India’s position as a global aviation leader. The Ministry of Civil Aviation remains steadfast in its commitment to making air travel in India both safe and comfortable, aligning with the broader national vision of a robust and secure aviation ecosystem.

    ***

    Beena Yadav/Divyanshu Kumar

    (Release ID: 2120587) Visitor Counter : 60

    MIL OSI Asia Pacific News –

    April 10, 2025

  • MIL-OSI Asia-Pac: RBI Issues April 2025 Policy Update

    Source: Government of India

    Posted On: 09 APR 2025 6:14PM by PIB Delhi

    RBI Cuts Repo Rate to 6%, Projects 6.5% GDP Growth for FY 2025-26

    Introduction

    The Monetary Policy Committee (MPC), in its 54th meeting and the first of the financial year 2025–26, unanimously decided to reduce the policy repo rate by 25 basis points, bringing it down to 6 per cent with immediate effect. The repo rate is the rate at which the Reserve Bank of India (RBI) lends money to commercial banks, and a cut in this rate is aimed at boosting lending and investment. This decision comes at a time when global economic conditions are becoming increasingly uncertain. Trade tensions have resurfaced, leading to a decline in crude oil prices, weakening of the US dollar, softening bond yields, and corrections in equity markets. While central banks across the world are adjusting their policies to address domestic concerns, they are doing so cautiously.

    Within India, the outlook has shown signs of improvement. Inflation, particularly food inflation, has declined more than expected, offering some relief, though global and weather-related risks remain. Growth is recovering after a weak first half in the previous financial year, but it still falls short of the country’s potential. The Monetary Policy Report of April 2025, released alongside the MPC resolution, also outlines the GDP growth forecast and inflation projection for the coming months. This year also marks a milestone for the RBI as it completes 90 years since its establishment on 1st April 1935. Over the decades, it has evolved into a full-service central bank, balancing its roles of managing inflation, supporting growth, and ensuring financial stability.

    Key Policy Decisions

    • The Monetary Policy Committee (MPC) unanimously decided to reduce the policy repo rate by 25 basis points, bringing it down to 6 per cent with immediate effect. The repo rate is the rate at which the Reserve Bank of India (RBI) lends money to commercial banks.
    • As a result, the Standing Deposit Facility (SDF) rate under the Liquidity Adjustment Facility (LAF) has been adjusted to 5.75 per cent. The SDF allows banks to park excess funds with the RBI without any collateral.
    • The Marginal Standing Facility (MSF) rate and the Bank Rate have both been revised to 6.25 per cent. MSF stands for Marginal Standing Facility, a provision made by the RBI that enables scheduled commercial banks to obtain overnight liquidity if inter-bank funds completely dry up. It is an emergency facility that allows banks to borrow at a rate higher than the repo rate.
    • These rate adjustments are consistent with the RBI’s objective of achieving the Consumer Price Index (CPI) inflation target of 4 per cent, within a flexible band of ±2 per cent, while also supporting economic growth.

    Growth Assessment

    The Reserve Bank of India has projected real GDP growth at 6.5 per cent for 2025–26, maintaining the same rate as estimated for 2024–25, following a strong expansion of 9.2 per cent in the preceding year. The quarterly projections stand at 6.5 per cent in Q1, 6.7 per cent in Q2, 6.6 per cent in Q3, and 6.3 per cent in Q4. This marks a downward revision of 20 basis points from the February estimate, reflecting heightened global volatility. Agriculture remains on a positive footing, supported by healthy reservoir levels and robust crop production, which is expected to sustain rural demand. Manufacturing is showing early signs of revival amid improved business sentiment, and the services sector continues to demonstrate resilience.

    On the investment side, activity is gaining pace on the back of higher capacity utilisation, continued government focus on infrastructure, and strong balance sheets of banks and corporates. Easing financial conditions have also aided this recovery. While services exports are likely to remain steady, merchandise exports could face headwinds from global uncertainties and trade disruptions. Looking ahead, the RBI has projected real GDP growth at 6.7 per cent for 2026–27, suggesting continued recovery momentum.

    Inflation Outlook

    Headline inflation eased during January and February 2025, driven by a sharp decline in food prices. With uncertainties around the rabi crop largely resolved, and second advance estimates indicating record wheat output and higher pulse production than last year, food inflation is expected to soften further. This favourable trend is supported by robust kharif arrivals and a sharp fall in inflation expectations over the next three and twelve months, as reflected in recent surveys. The decline in crude oil prices has further strengthened the disinflationary outlook. Accordingly, Consumer Price Index (CPI) inflation for 2025–26 is projected at 4.0 per cent, with quarterly estimates at 3.6 per cent in Q1, 3.9 per cent in Q2, 3.8 per cent in Q3, and 4.4 per cent in Q4.

    While the inflation outlook appears stable, global uncertainties and the possibility of weather-related supply shocks continue to pose upside risks to the inflation path. The Reserve Bank of India has assumed a normal monsoon in framing its projections, and it considers the risks to be evenly balanced at this stage.

    External Sector Snapshot

    • Robust Services and Remittances: Services exports remained strong in January–February 2025, led by software, business, and transportation services. Net services and remittance receipts are expected to remain in large surplus, cushioning the merchandise trade deficit.
    • Sustainable Current Account Deficit: The current account deficit (CAD) for both 2024–25 and 2025–26 is projected to stay well within sustainable levels, supported by resilient external inflows.
    • Mixed Investment Flows: While gross FDI remained strong due to stable macroeconomic fundamentals, net FDI moderated because of higher repatriations and outward investments. Net FPI inflows touched USD 1.7 billion in 2024–25, driven by debt inflows despite equity outflows.
    • Healthy Forex Reserves: As of April 4, 2025, India’s foreign exchange reserves stood at USD 676.3 billion, offering an import cover of nearly 11 months and reflecting the strength of the external sector.

    Liquidity and Financial Market Conditions

    • Liquidity Shortage and RBI Intervention: In January 2025, the banking system faced a shortage of funds, known as a liquidity deficit. To address this, the Reserve Bank of India (RBI) provided up to ₹3.1 lakh crore on 23rd January through the Liquidity Adjustment Facility (LAF) – a tool that allows banks to borrow money from the RBI for short periods to manage temporary mismatches in cash flow.
    • Improved Liquidity Position: The RBI later infused about ₹6.9 lakh crore into the system, and increased government spending in late March helped further. These actions improved the situation, and by 7th April 2025, the system had a liquidity surplus of ₹1.5 lakh crore – meaning there was more money available in banks for lending and investment.
    • Softening of Market Rates: With more liquidity available, the Weighted Average Call Rate (WACR) – the average interest rate at which banks lend to each other overnight – declined and hovered close to the repo rate, which is the interest rate at which the RBI lends money to commercial banks. This indicates stable short-term borrowing costs.
    • Lower Funding Costs in Debt Market: The difference between interest rates on Commercial Papers (CPs) and Certificates of Deposit (CDs) – short-term borrowing instruments used by companies and banks – and the 91-day Treasury Bill – a short-term government security – reduced. This narrowing of spreads means that borrowing became cheaper in financial markets. The RBI has stated it will continue to monitor these conditions and take action as needed to maintain sufficient liquidity.

    Conclusion

    The Monetary Policy Report of April 2025, released alongside the 54th meeting of the Monetary Policy Committee, reflects a balanced approach by the Reserve Bank of India (RBI) to support growth while maintaining price stability. The decision to cut the policy repo rate by 25 basis points to 6 per cent is underpinned by easing inflation, particularly in food prices, and a gradual recovery in economic activity. With GDP growth for 2025–26 projected at 6.5 per cent and inflation expected to remain within the 4 per cent target band, the report signals cautious optimism despite global uncertainties.

    On the external front, robust services exports and strong remittance inflows have helped cushion the merchandise trade deficit, keeping the current account deficit at sustainable levels. Meanwhile, improved system liquidity, lower short-term borrowing costs, and stable foreign exchange reserves underscore the resilience of India’s financial system. The RBI has affirmed its commitment to closely monitor evolving conditions and take timely, calibrated measures to preserve macroeconomic and financial stability.

    References:

    Click here to see PDF.

    *****

    Santosh Kumar/ Sarla Meena/ Saurabh Kalia

    (Release ID: 2120509) Visitor Counter : 27

    MIL OSI Asia Pacific News –

    April 10, 2025

  • MIL-OSI Asia-Pac: SEE’s opening remarks on environment and ecology at LegCo Finance Committee special meeting

    Source: Hong Kong Government special administrative region

    SEE’s opening remarks on environment and ecology at LegCo Finance Committee special meeting 
    Thank you, President and Honourable Members.
     
    As the Financial Secretary stated in the Budget, “Development of green industries is a major international trend and key to addressing global climate change.” To align with our country’s dual carbon targets, the Hong Kong Special Administrative Region Government strives to halve Hong Kong’s carbon emissions before 2035 and achieve carbon neutrality before 2050. After years of effort, carbon emissions in Hong Kong peaked in 2014. In 2023, Hong Kong’s carbon emissions have decreased by about a quarter compared to the peak level, and per capita carbon emissions have also dropped by nearly 30 per cent from 2014 levels, approximately one-quarter of that of the United States and 60 per cent of that of the European Union.
     
    Innovative technology can bring new industries and business models to Hong Kong, fostering economic diversification and developing new quality productive forces. Thirty-three research and development projects have been approved by the Green Tech Fund, involving a total grant of about $147 million. The projects cut across a wide array of subjects, such as production and storage of hydrogen fuel, and technology of turning waste into resources. With the support of these measures, we will leverage Hong Kong’s distinctive advantages of enjoying strong support of the motherland and being closely connected to the world to develop Hong Kong into a demonstration base for green technologies, helping our country go global and attract foreign investment.
     
    As for new-energy transport, the Government announced in December last year the Green Transformation Roadmap of Public Buses and Taxis, and reserved $470 million to subsidise franchised bus operators to procure about 600 electric buses, as well as $135 million to subsidise taxi owners to purchase 3 000 electric taxis. Following the announcement of the $300 million fast charger incentive scheme in the 2024 Policy Address, the scheme is planned to be launched in the middle of this year to subsidise the private sector to install an additional 3 000 fast chargers, thereby providing support to an additional 160 000 electric vehicles. This would further expand the charging infrastructure. In addition, as part of the implementation of the Strategy of Hydrogen Development in Hong Kong, the Funding Scheme to Trial of Hydrogen Fuel Cell Heavy Vehicles also started accepting applications in December 2024. We will also introduce into the Legislative Council a bill to amend the Gas Safety Ordinance within the second quarter of this year to regulate the use of hydrogen as fuel.
     
    As regards the promotion of waste reduction and recycling, the current-term Hong Kong Special Administrative Region Government has put in an unparalleled level of efforts in promoting waste reduction at source, turning around the rising trend of the disposal amount of municipal solid waste (MSW) in recent years. Since 2021, the average disposal of MSW has continued to decrease for three consecutive years under the current-term Government, with the daily amount of MSW disposed of at landfills decreasing by a total of 7.5 per cent from 11 358 tonnes in 2021 to 10 510 tonnes in 2024. To continuously enhance the community recycling network, the Government will allocate an additional $180 million to increase the number of residential food waste smart bins or food waste collection facilities across Hong Kong to 1 600 within this year. Moreover, to turn waste into resources, the Government recently submitted an amendment bill to the Legislative Council last Wednesday (April 2) to establish a common legislative framework for producer responsibility schemes (PRSs). We will extend PRSs to different products gradually in the light of the actual situation.
     
    Regarding waste to energy, Hong Kong is building its first waste-to-energy (WtE) facility, I·PARK1, for treating MSW, which is expected to commence operation this year. We are also pressing ahead with the development of the second WtE facility, I·PARK2, for which an open tender was launched in December last year. With an expected MSW treatment capacity of 6 000 tonnes per day, I·PARK2 will become one of the largest advanced WtE facilities in Asia upon completion. I·PARK1 together with I·PARK2 will be able to treat 9 000 tonnes of MSW per day, marking Hong Kong’s progress towards achieving “zero landfill”.
     
    On the promotion of energy saving and green buildings, we submitted an amendment bill for the Building Energy Efficiency Ordinance to the Legislative Council on March 26 to strengthen our building energy efficiency management regime. Upon the Legislative Council’s passage, it is estimated that an additional 500 million kilowatt-hours of electricity, equivalent to the annual electricity consumption of about 150 000 three-person households, will be saved in 2035 when the proposed amendments take full effect. Furthermore, we are reviewing the scale and mode of delivery of district cooling systems in new development areas, such as Hung Shui Kiu/Ha Tsuen and San Tin Technopole, to tie in with the development of the area with greater cost-effectiveness. We expect to report the review results to the Panel on Environmental Affairs in this April.
     
    On nature conservation, we officially established the North Lantau Marine Park and the Long Valley Nature Park in November last year, and plan to launch the new Biodiversity Strategy and Action Plan this year to strengthen ecological safeguarding. We will commence the construction of the Sam Po Shue Wetland Conservation Park in the Northern Metropolis in two years’ time at the earliest. The Park will be five times larger than the existing Hong Kong Wetland Park, and will enrich outdoor ecological education and recreation experiences, as well as promote the modernisation of aquaculture industry. We will also continue to enhance the attractiveness of Hong Kong’s countryside, including the Po Pin Chau Viewing Platform in the Sai Kung East Country Park and the Lin Ma Hang Lead Mine Cave Revitalisation Project in the Robin’s Nest Country Park, which were opened to the public at the end of last year. The first Countryside Harvest Festival: Kuk Po “Sound, Sight, Taste Fusion” Tour was also held from January to February this year, attracting over 12 000 participants.
     
    My colleagues and I are happy to listen to Members’ views and respond to questions.
    Issued at HKT 19:34

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    April 10, 2025

  • MIL-OSI Asia-Pac: SEE’s opening remarks on food safety and environmental hygiene at LegCo Finance Committee special meeting

    Source: Hong Kong Government special administrative region

    SEE’s opening remarks on food safety and environmental hygiene at LegCo Finance Committee special meeting 
         Thank you Chairman and Honourable Members.

         The Environment and Ecology Bureau is committed to ensuring food safety and environmental hygiene as well as promoting the sustainable development of the local agriculture and fisheries industries.
     
    In the 2025-26 Estimates, about $12.32 billion is earmarked for recurrent expenditure in the policy portfolio of Environment and Food, representing an increase of about $50 million (0.4 per cent) over the previous year and accounting for about 2.1 per cent of the recurrent expenditure of the Government.
    To improve environmental hygiene more effectively, we conducted a comprehensive review of environmental hygiene-related legislation and put forward relevant amendments. First, we raised the fixed penalty levels for offences such as littering and shopfront extensions to enhance the deterrent effect in 2023. In the year that followed, the number of fixed penalty notices issued against shopfront extensions was 90 per cent less than that in the previous year. In 2024, we further introduced the second-stage legislative amendments to enhance enforcement effectiveness. The amendments, if passed by the LegCo, can take effect in the third quarter of this year. Departments will then be able to handle shopfront extensions more efficiently and expedite investigations into public health nuisances such as water seepage in buildings, water dripping from air-conditioners and “garbage apartments”.
     
         As regards environmental hygiene services, the Food and Environmental Hygiene Department (FEHD) has actively stepped up cleansing and enforcement at about 240 hygiene blackspots under its purview. The conditions of most of the blackspots have been markedly improved, and follow-up work will be carried out on an ongoing basis. In addition, the FEHD has enhanced its anti-rodent work. Using various tools and methods such as new design snap traps and T-shaped bait boxes, the FEHD captured 89 600 live rodents in 2024, representing an increase of about 165 per cent as compared with 2021. In the same year, the FEHD made full use of technology by adopting thermal imaging cameras and artificial intelligence technology in conducting rodent activity surveys, to track rodent activities in a more precise manner and carry out targeted work. Among the 90 locations with active rodent activities identified in the first half of 2024, nearly 90 per cent of the conditions have been improved. We have also continued to implement the Cross-sectoral Territory-wide Anti-rodent Action to co-ordinate anti-rodent efforts among different sectors in the community, including property management companies, market/hawker stalls, the catering industry, the construction sector and the pest control trade. In 2024, we launched the Anti-rodent Charter for private residential buildings to bolster anti-rodent efforts, with 607 applications received in just two and a half months. We will continue to work hand in hand with stakeholders to create a rodent-free environment.
     
         As regards food business licences, the FEHD launched a series of facilitating measures for the trade. For example, we expanded the scope of the Professional Certification System to cover general restaurants, so that applicants may choose a “licence first, inspection later” approach and obtain a licence about 14 days earlier. Besides, we introduced the “Composite Permit” which covers multiple restricted foods, to spare shop operators the effort to apply for a separate permit for each food item. The new measure is well received, with about 100 applications received in the first quarter. We will continue to keep a close watch on the needs of the trade and proactively improve the regime.
     
    New public markets and Market Modernisation Programme (MMP)
     
         In 2024, the FEHD took forward the stall enhancement project in the Queen Street Cooked Food Market under the MMP to improve its operating environment through repair and beautification works. The Queen Street Cooked Food Market resumed operation in September 2024, with footfall increased by about 20 per cent as compared with that before the works. Stall tenants indicated that the enhancement works have improved the operating environment. Many members of the public have also expressed that the enhanced cooked food market offers a contemporary feel and a clean and comfortable dining environment. The FEHD will identify other suitable venues for similar works. In addition, the FEHD continues to take forward the new market projects in Tin Shui Wai, Area 67 of Tseung Kwan O and Kwu Tung North New Development Area, with expected completion dates ranging from end-2027 to end-2028.
     
    Agriculture and fisheries development 
         On the agriculture front, the Government has reserved land in Sheung Shui for the construction of Hong Kong’s first multi-storey modernised and environment-friendly livestock farm by the trade, the site formation works for which are expected to be completed within 2026. The AFCD will invite open applications for the construction and operation of the concerned livestock farm shortly so that interested agricultural associations/enterprises may apply. The selected organisation may apply for financial support from the Sustainable Agricultural Development Fund. Moreover, to promote the development of leisure farming, the AFCD launched the Agri enJoy Scheme in June 2024 to facilitate farms engaged in commercial agricultural production to offer leisure farming activities as ancillary businesses. As at February 2025, 83 eligible farmers have joined this scheme.
     
    Furthermore, the AFCD strives to set up a unified new brand for local agricultural and fisheries products and establish production standards, farming methods, as well as a certification and traceability system in the upcoming financial year (2025-26), with a view to promoting local agricultural and fisheries products and enhancing their brand value and competitiveness in the market.
     
    Chairman, my colleagues and I are happy to answer questions from Members.
    Issued at HKT 19:17

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    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    April 10, 2025

  • MIL-OSI Asia-Pac: DR JITENDRA SINGH, MOS, PMO, PPG&P TO INAUGURATE 56TH PRE-RETIREMENT COUNSELING WORKSHOP FOR CENTRAL GOVERNMENT EMPLOYEES AND BANKERS’ AWARENESS PROGRAM FOR STATE BANK OF INDIA ON 10TH APRIL, 2025 AT GUWAHATI

    Source: Government of India

    DR JITENDRA SINGH, MOS, PMO, PPG&P TO INAUGURATE 56TH PRE-RETIREMENT COUNSELING WORKSHOP FOR CENTRAL GOVERNMENT EMPLOYEES AND BANKERS’ AWARENESS PROGRAM FOR STATE BANK OF INDIA ON 10TH APRIL, 2025 AT GUWAHATI

    310 RETIREES TO BENEFIT FROM THE PRE-RETIREMENT COUNSELLING WORKSHOP

    AN INITIATIVE FOR ENHANCING “EASE OF LIVING” OF PENSIONERS AND REDUCING PENSIONERS’ GRIEVANCES

    AN EXERCISE TOWARDS SPREADING AWARENESS ABOUT GOI INITIATIVES FOR IMPROVING PENSIONERS’ WELFARE

    Posted On: 09 APR 2025 3:56PM by PIB Delhi

    In line with the vision of Government of India’s initiative, to enhance the “Ease of Living” for pensioners and family pensioners, the Department of Pension & Pensioners’ Welfare has introduced several progressive measures in pension policy and the digitization of pension-related processes. As part of these ongoing efforts, the Department will be organizing the 56th Pre-Retirement Counselling Workshop under the esteemed guidance of Dr. Jitendra Singh, Hon’ble Minister of State, PMO, Personnel, Public Grievances and Pensions. The workshop is scheduled to be held on 10th April 2025 at Assam Administrative Staff College, Guwahati.

    The Department of Pension & Pensioners’ Welfare has been conducting Pre- Retirement Counselling workshops, throughout the country, to facilitate officials who are about to retire, in the superannuation process. The Workshop, being held for the benefit of retiring employees of the Government of India, is a revolutionary step in direction of ‘Ease of Living’ of the pensioners. In order to facilitate the smooth transition for the retiring employees, various sessions on Retirement Benefits, CGHS, Investment modes, BHAVISHYA portal, Integrated Pensioners Portal, Family Pension, CPENGRAMS, ANUBHAV and Digital Life Certificate etc. will be conducted. All these sessions have been curated to make the retirees aware of the process to be followed and forms to be filled pre-retirement and to provide information about the benefits available to them post-retirement.

    It is expected that 310 retirees, due to retire in the next 12 months, will benefit hugely from this Pre-retirement Counselling Workshop. The Department will continue to hold such workshops to ensure a smooth and comfortable transition for Central Government retirees, keep them informed of the government initiatives taken for them and to enable them to avail all the benefits available post-retirement.

    Department has also integrated pension portals of PNB, SBI, Bank of Baroda, Canara Bank, Bank of India, Central Bank of India and Union Bank of India to provide seamless banking services to pensioners from a single portal. Since the major Pension Disbursing Authorities are banks, the Department of Pension and Pensioners’ Welfare has started a series of Awareness Workshops for Central Pension Processing Centers (CPPCs) of Banks as well as their field functionaries handling pension related work in the Bank. In this series, the Department will also be conducting 9th Bankers’ Awareness Program for the officers of State Bank of India, posted at CPPCs/Branches of North-East, West Bengal, Bihar and Odissa, at Assam Administrative Staff College, Guwahati on 10th April, 2025.

    The objective of these workshops is to spread awareness of the various rules and procedures relevant for Pension Disbursing Banks/Retirees and also the steps being taken by Government of India to ensure “Ease of Living” for Pensioners. The workshop shall also focus on the issues faced by Bank officials in handling these processes so that to reduce pensioners’ grievances. 70 officers from CPPC and pension dealing branches of State Bank of India are participating in these interactive programs. The Department will continue to hold such workshops, as part of Good Governance to ensure a smooth and comfortable transition for Central Government retirees, keep them informed of the government initiatives taken for them and to enable them to avail all the benefits available for them, post-retirement.

    *****

    NKR/PSM

    (Release ID: 2120394) Visitor Counter : 65

    MIL OSI Asia Pacific News –

    April 10, 2025

  • MIL-OSI Asia-Pac: A strong step towards Ganga conservation: Key projects approved in the 61st Executive Committee meeting of NMCG

    Source: Government of India

    A strong step towards Ganga conservation: Key projects approved in the 61st Executive Committee meeting of NMCG

    The 61st Executive Committee Meeting of the National Mission for Clean Ganga, chaired by Shri Rajeev Kumar Mital, Director-General NMCG

    The meeting approves making DDA Biodiversity Parks as Knowledge cum-Skill Development Centre for National Mission for Clean Ganga

    Executive Committee deliberates and sanctions sewerage projects of more than 900 Crore

    Posted On: 09 APR 2025 3:39PM by PIB Delhi

    In a decisive move to combat pollution and revive the lifeline of millions, the National Mission for Clean Ganga (NMCG) has taken another transformative step forward. The 61st Executive Committee (EC) Meeting of the National Mission for Clean Ganga (NMCG), chaired by Shri Rajeev Kumar Mital, Director-General NMCG, has approved several major projects aimed at the conservation and rejuvenation of the Ganga River. These initiatives are in line with the mission’s goals of enhancing river cleanliness, promoting sustainable development, and preserving the environmental and cultural heritage of the Ganga. They mark a significant leap in enhancing river cleanliness, curbing pollution at its source, and safeguarding the rich ecological and cultural heritage that flows with the river’s timeless journey.

    Executive Committee deliberated and sanctioned sewerage projects of more than 900 Crore. The Detailed Project Report related to interception, diversion, STP and other allied works in Moradabad town in U.P.  Zone-3 and Zone-4 for “Prevention of Pollution in Ramganga River” was approved. This ambitious project, with an estimated cost of ₹409.93 crore, aims to make the Ramganga River pollution-free. Under the project, modern Sewage Treatment Plants with capacities of 15 MLD in Zone-3 and 65 MLD in Zone-4 will be constructed. Along with this, 5 major drains will be intercepted and diverted.

    Another significant initiative for Arrah town in Bihar has been approved. This project is related to the interception, diversion, and construction of a Sewage Treatment Plant (STP), with an estimated cost of ₹328.29 crore. Under this project, a state-of-the-art STP with a capacity of 47 MLD will be constructed, along with the establishment of a 19.5 KM long sewer network. This scheme will be based on the Hybrid Annuity Model, which also includes operation and maintenance for 15 years. The aim of this initiative is not only to provide a permanent solution to the sewage problem of Ara city, but also to effectively reduce the level of pollution in the Ganga by purifying the untreated water falling into the river.

    In the meeting, an important project related to the “Interception and Diversion of 14 Untapped Drains of Kanpur City, Uttar Pradesh” was approved at an estimated cost of ₹138.11 crore, which will give a new direction to the city’s drainage and sanitation system. Under this project, sewage falling directly into the river from drains will be intercepted and conveyed to treatment plants through proposed sewage pumping stations and manholes. This project will involve the interception of 14 major drains of the city.

    The Executive Committee approved a significant initiative in Pujali Municipality of West Bengal under the Namami Gange programme. Under this project, an Integrated Faecal Sludge Treatment Plant (FSTP) was approved, with a total estimated cost of ₹5.96 crore. Under this project, a state-of-the-art 8 KLD capacity faecal sludge treatment plant will be set up, which will not only improve urban sanitation but also play a crucial role in maintaining the purity of water sources.

    A major initiative approved in the meeting was a Nature Based Solution project with a focus of Yamuna rejuvenation in National Capital. EC approved the installation of pilot CAMUS-SBT (Continuous Advanced Mite Utilizing System – Soil-Based Treatment) plants for the treatment of liquid pollutants in the Shahdara drain, aiming to achieve water quality standards as prescribed by the NGT (National Green Tribunal). Under this project, CAMUS-SBT plants with capacities of 5 MLD will be installed.

    To strengthen the research program of NMCG, EC approved the establishment of the NMCG-IIT Delhi-Dutch Collaboratory for Intelligent River Systems and Clean Yamuna (IND-RIVERS). This innovative initiative is launched under the India-Netherlands Water Strategic Partnership, aiming to build Centres of Excellence focused on critical areas like urban rivers and nature base solution. The centre is a unique combination of a premier academic institution, Government Department and an international partner to focus on action-oriented research and practical solution to the challenges faced in the area.

    The Executive Committee also approved for study and documentation of traditional wooden boat-making craft thriving for centuries in the Ganga basin.

    The meeting approved to make DDA Biodiversity Parks as Knowledge cum-Skill Development Centre for National Mission for Clean Ganga, Department of Water Resources, Ministry of Jal Shakti, Government of India. The project, with a total estimated cost of ₹8.64 crore. The initiative aims to develop Biodiversity Parks with Delhi’s Yamuna Biodiversity Park as a knowledge partner.

    After the successful implementation of these initiatives, the efforts for the cleanliness and rejuvenation of the Ganga River and its tributaries will receive a new direction and momentum. These projects will not only help in pollution control and water conservation, but will also be milestones in preserving the riverine heritage and developing sustainable water management systems. Through these initiatives, ecological challenges associated with rivers can be addressed, ensuring a clean, healthy, and sustainable future for the communities dependent on them. This comprehensive effort is a strong and inspiring step towards making rivers life-giving once again.

    The meeting was attended by Sh. Mahabir Prasad, Joint Secretary and Financial Advisor of Ministry of Power, (additional charge) River Development and Ganga Rejuvenation, Ministry of Jal Shakti; Sh. Nalin Srivastava, Deputy Director General of NMCG; Sh. Anoop Kumar Srivastava, Executive Director (Technical); Sh. Brijendra Swaroop, Executive Director (Projects) Sh. S.P. Vashistha, Executive Director (Administration); Sh. Bhaskar Dasgupta, Executive Director (Finance); Ms. Nandini Ghosh, Project Director of West Bengal SPMG; Sh. Animesh Kumar Parashar, Managing Director of Bihar BUIDCO; and Sh. Prabhash Kumar, Additional Project Director of Uttar Pradesh SMCG.

    ***

    Dhanya Sanal K

    Director

    (Release ID: 2120378) Visitor Counter : 60

    MIL OSI Asia Pacific News –

    April 10, 2025

  • MIL-OSI USA: Grassley Discusses Trade Goals with U.S. Trade Representative Greer

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    WASHINGTON – Sen. Chuck Grassley (R-Iowa), a senior member and former chairman of the Senate Finance Committee and a lifelong family farmer, today questioned U.S. Trade Representative (USTR) Jamieson Greer about the impact of and goals for tariff usage. As one immediate way to support farmers, Grassley is calling on the administration to restore integrity to the Renewable Fuel Standard (RFS) by raising Renewable Volume Obligation (RVO) levels for biomass-based diesel and advanced biofuels. 

    In response to Grassley, Greer reiterated President Trump’s recent comments that he is “happy to engage in negotiations immediately with countries that believe that they can help us reduce our deficit and get rid of non-tariff barriers…” Further, Greer noted that tariff negotiations will happen “country by country.” 

    Video and excerpts of Grassley’s questions follow.

    [embedded content]

    VIDEO

    On U.S. Trade with China:

    “I support President Trump’s agenda to lower tariffs and non-tariff barriers other countries impose on American goods. I support President Trump’s agenda to get a better deal from China and other countries for our farmers and manufacturers.

    “In fact, even back in 2003, I sent a letter to the Chinese Minister of Commerce at that time pointing out China’s failure to live up to its World Trade Organization (WTO) obligations. And then, I went further in 2018 when I was on Senator Daines’ CODEL. I told top Chinese leaders I made a mistake supporting China in the WTO.”

    On Goals for Tariffs:

    “So far in this administration, we’ve seen even more sweeping tariffs, with some countries already retaliating [against] agriculture, including China. I have been very vocal in my wait-and-see approach to these tariffs because I believe President Trump and you, Mr. Ambassador, are using them to get fairer trade for Americans with many countries. If that’s not the case, level with me.

    …

    “My question to you is, in the medium to the long term, do you plan to turn these tariffs into trade deals to reduce tariffs and non-tariff barriers? I support that. On the other hand, if the purpose is to stall on negotiations in order to keep tariffs high for the sole purpose of feeding the U.S. Treasury, I oppose that.”

    On Support for Farmers:

    “We all know agriculture is usually the first place of retaliation. In response to Chinese retaliation to tariffs, the first Trump administration set up the Market Facilitation Program for farmers, which gave direct payments to farmers affected by the tariffs. This helped farmers weather the short-term impact of trade retaliation. But as you know, farmers still overwhelmingly want to get their money from the marketplace and not from a government check.” 

    On Restoring Integrity to the Renewable Fuel Standard (RFS):

    “To help farmers in the meantime, instead of relying on payments from the government, I’m going to give a suggestion … The administration could move very quickly to increase RVOs on the Renewable Fuel Standard so that farmers get more robust domestic markets for their crops. And one place to start would be where the Biden administration came up short with RVOs, only three and 1/10th billion over a three-year period of time on biodiesel, to make that 5.3 [billion] as far as you can see into the future. And that would very dramatically increase soybean prices.”

    On Congress’ Authority to Regulate Interstate and Foreign Commerce:

    “I made very clear throughout my public service that I’m a free and fair trader. The Constitution gives Congress the authority to regulate interstate and foreign commerce. I believe that Congress delegated too much authority to the president in the Trade Expansion Act of 1962 and Trade Act of 1974.” 

    -30-

    MIL OSI USA News –

    April 10, 2025

  • MIL-OSI USA: Grassley, Johnson Release Additional Arctic Frost Records Detailing Sweeping Anti-Trump Investigation

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    WASHINGTON – Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa) and Senate Permanent Subcommittee on Investigations Chairman Ron Johnson (R-Wis.) are following up on their oversight of the FBI’s “Arctic Frost” investigation, which formed the basis of Jack Smith’s elector case against President Donald Trump.

    Newly-disclosed FBI emails provided by legally protected whistleblowers show:

    1. Officials in the Biden White House, including then-White House Deputy Counsel Jonathan Su, personally assisted the FBI in securing the government cell phones of President Trump and former Vice President Mike Pence. The cell phones were acquired before Trump was formally added as a subject of the investigation. 
    2. Prosecutors in the U.S. Attorney’s Office in Washington, D.C. – including U.S. Attorney Thomas Windom, who later joined Jack Smith’s team as a main attorney – coordinated extensively with FBI agents in the Washington Field Office to plan, approve and execute Arctic Frost.
    3. Further evidence anti-Trump FBI Assistant Special Agent in Charge (ASAC) Timothy Thibault played a central role in opening and advancing the Arctic Frost investigation, despite other agents’ concerns that the evidence only supported a limited preliminary investigation.

    In addition to publicizing these records, the chairmen are reiterating their request for Attorney General Pam Bondi and Federal Bureau of Investigation (FBI) Director Kash Patel to produce all DOJ and FBI records regarding the Arctic Frost investigation, with emphasis on communications between and among the FBI and Biden White House officials.

    Read their full letter and the attached exhibits HERE.

    Previous Arctic Frost oversight:

    -30-

    MIL OSI USA News –

    April 10, 2025

  • MIL-OSI USA: Grassley, Colleagues Lead Legislation to Stop Anticompetitive Practices in Meat-Packing Industry, Promote Fair Playing Field for Livestock Producers

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    Download broadcast quality video HERE 

    WASHINGTON – Sen. Chuck Grassley (R-Iowa), Chairman of the Senate Judiciary Committee and a member of the Senate Agriculture Committee, joined Sens. Ron Wyden (D-Ore.), Mike Rounds (R-S.D.) and Peter Welch (D-Vt.) to introduce bipartisan legislation that would beef up enforcement of anticompetitive practices in the consolidated meatpacking industry, aiding cattle producers and bringing down prices at the meat counter.

    The Meat and Poultry Special Investigator Act would strengthen the enforcement of the Stockyards and Packers Act by adding a team of investigators equipped with subpoena power within the Department of Agriculture (USDA) to ensure compliance by America’s meatpacking industry.  

    “For decades, America’s Big Four meatpackers’ anticompetitive practices have made it harder for Iowa cattle producers to receive a fair price,” Grassley said. “Our bill empowers USDA, in coordination with the Justice Department and Federal Trade Commission, to crack down on bad actors, ensuring a fair and functional marketplace that supports everyone who produces and enjoys quality American meat.”

    “For too long, Oregon ranchers and consumers have been greedily exploited by the Big Four meatpackers that sneak their way around regulations,” Wyden said. “While local ranchers work tirelessly day and night to support their small business and feed families across the country, these big companies keep raking in bigger bills at the expense of local communities in red and blue states alike. It’s way past time to level the playing field for local ranchers and bring grocery prices down for consumers at the meat counter by better enforcing laws that are already on the books.”

    “Anticompetitive practices in the meatpacking industry hurt producers and consumers alike,”Rounds said. “Currently, four large companies, two of which are foreign-owned, control over 80% of the meat processing market. Our legislation would establish an office within the USDA to investigate violations of the Packers and Stockyards Act of 1921, which will support competition in meat and poultry markets.”

    “Vermonters rely on fresh foods from local farmers and ranchers to feed their families,”Welch said. “But with meat and dairy prices at the grocery store soaring sky high, small producers across the country are struggling to make ends meet and support their businesses. The rapid consolidation of the meatpacking industry further cripples fair competition. Our bipartisan bill will bring down costs for consumers and create opportunities for producers in red and blue states alike.”

    The Meat and Poultry Special Investigator Act is endorsed by the National Farmers Union and the U.S. Cattlemen’s Association.

    “If the bad actors in the marketplace have nothing to hide, then they should have no problem with reinforcing USDA’s oversight authority through the measures provided in this bill. It’s not enough that producers stand on a level playing field in the marketplace – there also needs to be a referee, with a whistle, there to throw a flag when there’s a penalty. USCA fully supports the Meat Packing Special Investigator Act and would like to applaud our Champions for ‘Competition’ in the Senate who never waver on supporting producers not just in Oregon, South Dakota, and Iowa – but across the countryside,” said Justin Tupper, President of the United States Cattlemen’s Association.

    “A special investigator at USDA is an important step to cracking down on unfair practices and leveling the playing field for independent livestock producers. Senators Wyden, Rounds, and Grassley get it—strong enforcement keeps monopolies in check. When family farmers and ranchers thrive, so do our rural communities,” said Rob Larew, President of the National Farmers Union.

    Background:

    Today, just four companies control 85% of the beef market and 67% of the pork market. That’s a significant increase from 36% and 34% in 1980. The Big Four meatpackers have created a distorted marketplace through anticompetitive practices while turning big profits at the expense of livestock and poultry producers.

    Additional cosponsors include Sens. Adam Schiff (D-Calif.), Cindy Hyde-Smith (R-Miss.), Martin Heinrich (D-N.M.), Richard Blumenthal (D-Conn.), John Hoeven (R-N.D.) and Cory Booker (D-N.J.).

    Click HERE for broadcast quality video of Grassley discussing the legislation.

    Text of the legislation can be found HERE.

    MIL OSI USA News –

    April 10, 2025

  • MIL-OSI Security: West Virginia Man Charged with Possession of an Unregistered Firearm After Attempting to Take Flashbang Grenade Through Airport Security

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    PITTSBURGH, Pa. – A resident of Morgantown, West Virginia, has been indicted by a federal grand jury in Pittsburgh on a charge of possession of an unregistered firearm, Acting United States Attorney Troy Rivetti announced today.

    The one-count Indictment named Zachary Vincent Velling, 26, as the sole defendant.

    According to the Indictment and public information from the Allegheny County Police Department, on November 12, 2024, Velling entered airport security at the Pittsburgh International Airport and placed his carry-on luggage through the x-ray machine. Representatives with the Transportation Security Administration noticed a suspicious object within Velling’s luggage, which officers from the Allegheny County Police Department ultimately determined to be a MK24 MOD 0,6 Bang/Flash diversionary hand grenade. The grenade is a firearm and destructive device under federal law that was not registered to Velling in the National Firearms Registration and Transfer Record. Velling was previously charged in relation to this incident in the Allegheny Court of Common Pleas with possession of an offensive weapon and criminal attempt. Those charges have been dismissed as a result of this federal Indictment.

    “Attempting to pass through airport security with any firearm or destructive device poses an unacceptable risk of harm to the innocent traveling public,” said Acting United States Attorney Troy Rivetti. “This danger is heightened when, as in this case, the destructive device is possessed illegally. We are steadfast in our commitment to work with our partners at the FBI, ATF, Allegheny County Police Department, Allegheny County District Attorney’s Office, and Transportation Security Administration to ensure safe air travel.”

    The law provides for a maximum total sentence of up to 10 years in prison, a fine of up to $250,000, or both. Under the federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offense and the prior criminal history, if any, of the defendant.

    Assistant United States Attorney Mark V. Gurzo is prosecuting this case on behalf of the government.

    The Federal Bureau of Investigation; Bureau of Alcohol, Tobacco, Firearms and Explosives; Allegheny County Police Department; Allegheny County District Attorney’s Office; and Transportation Security Administration conducted the investigation leading to the Indictment.

    An indictment is an accusation. A defendant is presumed innocent unless and until proven guilty.

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI Security: Two Monroe County Men Charged With Drug Trafficking And Firearms Offenses

    Source: Office of United States Attorneys

    SCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced that Eli Valentine Calero, age 43, of East Stroudsburg, Pennsylvania, and John Charles Ehrhard, Jr., age 56, of Stroudsburg, Pennsylvania, were indicted yesterday, April 8, 2025, by a federal grand jury on drug trafficking and firearms charges. 

    According to Acting United States Attorney John C. Gurganus, the superseding indictment alleges that between May 2024 and March 2025, Calero and Ehrhard, Jr. conspired to distribute and possess with the intent to distribute over 500 grams of methamphetamine, in Monroe County, Pennsylvania.  The indictment alleges that during that time Ehrhard, Jr. distributed methamphetamine on multiple occasions and possessed a firearm and ammunition in furtherance of his drug trafficking, when he was prohibited from possessing a firearm due to a prior felony conviction. The indictment further alleges that on March 12, 2025, Calero possessed over 500 grams of methamphetamine and cocaine for distribution.

    The case was investigated by the Federal Bureau of Investigation (FBI) and the Pennsylvania State Police. Assistant United States Attorney Jenny P. Roberts is prosecuting the case.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Project Safe Neighborhood (PSN).

    The maximum penalty under federal law for this offense is lifetime imprisonment, a term of supervised release following imprisonment, and a fine. A sentence following a finding of guilt is imposed by the Judge after consideration of the applicable federal sentencing statutes and the Federal Sentencing Guidelines.

    Indictments are only allegations. All persons charged are presumed to be innocent unless and until found guilty in court.

    ###

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI Security: Federal Grand Jury Indicts Honduran National for Illegally Possessing Firearm and Illegal Re-Entry After Having Been Removed from the U.S. on 2 Prior Occasions

    Source: Office of United States Attorneys

    Bowling Green, KY – A federal grand jury in Bowling Green, Kentucky, returned an indictment today charging a Honduran national with illegally re-entering the United States and possessing a firearm.   

    U.S. Attorney Michael A. Bennett of the Western District of Kentucky, Special Agent in Charge Rana Saoud of Homeland Security Investigations, Nashville, Sam Olson, Field Office Director for Enforcement and Removal Operations (ERO) Chicago, U.S. Immigration Customs Enforcement, and Special Agent in Charge John Nokes of the ATF Louisville Field Division made the announcement.

    According to the indictment, Alexis Pinto-Mejia, age 38, a citizen of Honduras, was charged with possessing a firearm on February 25, 2024, in Warren County, Kentucky, knowing he was illegally and unlawfully in the United States. Pinto-Mejia was also charged with illegally re-entering the United States after having previously been denied admission, excluded, deported, and removed from the United States on or about April 4, 2006, and July 6, 2016.

    The defendant previously made an initial appearance before a U.S. Magistrate Judge of the U.S. District Court for the Western District of Kentucky on a federal complaint and arrest warrant. The Court ordered the defendant detained pending trial. If convicted, he faces a maximum sentence of 17 years in prison. A federal district court judge will determine any sentence after considering the sentencing guidelines and other statutory factors. The Court ordered the defendant detained pending trial.

    There is no parole in the federal system.

    This case is being investigated by HSI Bowling Green, ATF Bowling Green, and ICE ERO.

    Assistant U.S. Attorney Mark J. Yurchisin II, of the U.S. Attorney’s Bowling Green Branch Office, is prosecuting the case.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    An indictment or complaint is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    ###

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI Security: Salvadoran nation sentenced to over a year in prison for illegally reentering the United States after a previous conviction

    Source: Office of United States Attorneys

    ALEXANDRIA, Va. – A Salvadoran national was sentenced today to a year and six months in prison for illegally reentering the United States after having been removed following an aggravated felony conviction.

    According to court documents, José Luis Romero Lopez, 47, was previously convicted of larceny, sexual battery, assault, driving while intoxicated (DWI), driving with a suspended license, and reckless driving before his 2010 conviction for brandishing a knife and stabbing a victim. In 2017, Romero Lopez was removed from the United States to El Salvador.

    Romero Lopez illegally reentered the United States before being arrested in 2023 for assault and battery. On Jan. 22, Romero Lopez pled guilty to illegal reentry after removal subsequent to a felony conviction. Romero Lopez remains subject to his previous order of removal.

    Erik S. Siebert, U.S. Attorney for the Eastern District of Virginia, and Christopher Heck, Acting Special Agent in Charge of Immigration and Customs Enforcement Homeland Security Investigations (ICE HSI) Washington, D.C., made the announcement after sentencing by U.S. District Judge Rossie D. Alston Jr.

    Former Assistant U.S. Attorney William J. Hochul III, Special Assistant U.S. Attorney Max Willner-Giwerc and Assistant U.S. Attorney Zachary H. Ray prosecuted the case.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Eastern District of Virginia. Related court documents and information are located on the website of the District Court for the Eastern District of Virginia or on PACER by searching for Case No. 1:24-cr-267.

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI: CORRECTION — Clear Blue Technologies Completes Balance Sheet Restructuring, Strengthening Platform for Growth

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 09, 2025 (GLOBE NEWSWIRE) — In a release issued earlier today by Clear Blue Technologies International Inc. (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF), please note the terms of the Financing Agreements with RE Royalties have been updated. The corrected release is as follows:

    Clear Blue Technologies International Inc. (“Clear Blue” or the “Company”), a leader in Smart Power solutions for the telecom and IoT sectors, is pleased to announce the successful completion of a comprehensive balance sheet restructuring initiative.

    The global COVID-19 pandemic and subsequent macroeconomic challenges made equity financing particularly difficult for small-cap public companies. Despite this environment, Clear Blue has continued to invest in its industry-leading technology platform, strengthening its position as a market leader in Smart Power solutions.

    This ongoing commitment to R&D has required significant capital investment, resulting in a higher debt component on the Company’s balance sheet. Beginning in November 2024, Clear Blue launched a coordinated effort to restructure its financial position, working collaboratively with shareholders, lenders, customers, suppliers, and employees.

    The Company is now pleased to confirm the successful completion of this initiative. This milestone significantly enhances Clear Blue’s financial flexibility and positions the Company for long-term growth and value creation for shareholders.

    “We are proud to have the support of our stakeholders through this critical process,” said Miriam Tuerk, CEO of Clear Blue Technologies. “With a stronger financial foundation, we are well-positioned to capitalize on new opportunities and deliver on our growth strategy.”

    Outlook

    Clear Blue Technologies is seeing strong momentum entering 2025, with sales orders and pipeline activity pointing toward a return to top-line growth. Management is targeting positive EBITDA for the year, reflecting the Company’s operational progress and strategic positioning across multiple markets.

    Clear Blue benefits from a diversified global customer base across key verticals, including telecommunications in Africa—supported by strong international partners such as European satellite service providers—and smart city initiatives in North America. While the U.S. remains an important market, Clear Blue anticipates that more than 80% of its 2025 revenue will be generated from outside the United States.

    Although recent tariff changes have introduced operational complexity, the financial impact to date has been minimal due to the Company’s global diversification.

    In light of continued macroeconomic and geopolitical uncertainty, and in line with broader market practices, Clear Blue will not be providing formal forward-looking guidance at this time. The Company remains focused on execution and is committed to transparency as conditions evolve.

    The final two steps of the restructuring initiative consisted of two major developments:

    • the Company has entered into a comprehensive financing agreement with RE Royalties Ltd. (“RER”),
    • a share consolidation (the “Consolidation”) of the Company’s issued and outstanding common shares (the “Common Shares”) on the basis of one (1) post-Consolidation Common Share for every six (6) pre-consolidation Common Shares.

    Financing Agreements with RE Royalties

    Clear Blue has signed a debt conversion agreement (the “Debt Conversion Agreement”), amended and restated loan agreement, and royalties agreement with RE Royalties to convert its existing banking debt obligations into a structured package comprising equity, royalty payments, and a term loan. Under the terms of the agreements:

    1. Debt-to-Equity Conversion:
      CAD 250,000 of Clear Blue’s existing bank loan facility will be converted into 1,388,889 post-consolidation equity units. Each unit consists of one common share and one common share purchase warrant. Units are priced at CAD 0.18 per share, and each warrant is exercisable at CAD 0.30 for 24 months. The units to be issued pursuant to the Debt Conversion Agreement are subject to the final approval of the TSX-V.
    2. Royalty Financing:
      CAD 316,114 of the existing facility will be converted into a 15-year royalty of 0.75% on Clear Blue’s gross consolidated revenues, payable quarterly, with total cumulative payments capped at CAD 750,000.
    3. Term Loan:
      The remaining CAD 250,000 of the Clear Blue’s banking loan, along with an additional CAD 125,000 from RER, will be combined into a 12-month secured term loan totaling CAD 375,000, with an annual interest rate of 12%, compounded monthly and payable quarterly.

    There are no structuring, early repayment, or management fees associated with the new financing.

    Completion of Share Consolidation

    In tandem with the new financing structure, effective April 11, 2025 (the “Effective Date”) the Company will complete a consolidation of issued and outstanding common shares on the basis of one (1) post-consolidation share for every six (6) pre-consolidation shares.

    Key highlights of the consolidation include:

    • The number of outstanding shares will be reduced from 463,278,450 to 77,213,075.
    • Post-consolidation shares will commence trading on the TSX Venture Exchange on April 11, 2025 under the same ticker symbol, “CBLU”, with a new CUSIP number: 18453C404.
    • The Company’s shares also continue to trade on the Frankfurt Stock Exchange under the symbol “OYA”.

    As stated in the Company’s press release announcing the Consolidation dated January 6, 2025, no fractional Common Shares have been issued in connection with the Consolidation. The exercise or conversion price and the number of Common Shares issuable under any of the Company’s outstanding convertible securities has been proportionately adjusted in connection with the Consolidation.

    The post-consolidated Common Shares are delivered by the Company’s transfer agent to shareholders holding book shares / DRS Advice positions and their pre-consolidated shares become null and void automatically. Shareholders holding physical share certificates are required to deposit a completed Letter of Transmittal and the physical share certificates for cancellation to receive post-consolidated shares. Letters of Transmittal were mailed by the Company’s transfer agent on the Effective Date. Registered shareholders may also obtain a copy of the Letter of Transmittal by accessing the Company’s SEDAR+ profile at www.sedarplus.ca. Shareholders who hold their Common Shares through intermediaries (e.g., a broker, bank, trust company investment dealer or other financial institution) and who have questions about the Consolidation should contact their intermediaries.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    About Clear Blue Technologies International Inc.

    Clear Blue Technologies (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF) is the Smart Off-Grid™ company, delivering clean, managed, “wireless power” solutions for telecom, lighting, security, and Internet of Things (IoT) devices in over 37 countries. Clear Blue’s systems provide reliable and sustainable power in areas where traditional energy infrastructure is costly or inaccessible.

    About RE Royalties Ltd.

    RE Royalties is a leader in innovative financing for renewable energy companies, offering capital in exchange for royalties from sustainable infrastructure projects around the world.

    For More Information:

    Miriam Tuerk, Co-Founder and CEO
    +1 416 433 3952
    miriam@clearbluetechnologies.com 
    www.clearbluetechnologies.com/en/investors

    The MIL Network –

    April 10, 2025

  • MIL-OSI USA: Pickens County man arrested on Child Sexual Abuse Material* chargesRead More

    Source: US State of South Carolina

    (COLUMBIA, S.C.) – South Carolina Attorney General Alan Wilson announced the arrest of Dacus Ethen King, 35, of Easley, S.C., on six charges connected to the sexual exploitation of a minor. Internet Crimes Against Children (ICAC) Task Force investigators with the Pickens County Sheriff’s Office made the arrest. Investigators with the Attorney General’s Office, also a member of the state’s ICAC Task Force, assisted with this investigation.

     

    Investigators received a CyberTipline report from the National Center for Missing and Exploited Children (NCMEC), which led them to King. Investigators state King distributed and possessed files of child sexual abuse material.  

     

    King was arrested on April 8, 2025. He is charged with one count of sexual exploitation of a minor, second degree (§16-15-405), a felony offense punishable by up to 10 years imprisonment; and five counts of sexual exploitation of a minor, third degree (§16-15-410), a felony offense punishable by up to 10 years imprisonment on each count.

     

     

    The case will be prosecuted by the Attorney General’s Office.

     

    Attorney General Wilson stressed all defendants are presumed innocent unless and until they are proven guilty in a court of law.

     

     

     

    * Child sexual abuse material, or CSAM, is a more accurate reflection of the material involved in these heinous and abusive crimes. “Pornography” can imply the child was a consenting participant.  Globally, the term child pornography is being replaced by CSAM for this reason.

    MIL OSI USA News –

    April 10, 2025

  • MIL-OSI Security: Former Calumet Township Trustee Sentenced for Wire Fraud

    Source: Office of United States Attorneys

    HAMMOND – Kimberly Robinson, age 57, of Gary, Indiana, was sentenced by United States District Court Judge Gretchen S. Lund after pleading guilty to a single count of wire fraud, announced Acting United States Attorney Tina L. Nommay.

    Robinson was sentenced to one year of probation and ordered to pay $11,200 in restitution. Robinson had previously resigned her position as  Calumet Township Trustee.  

    According to documents in the case, Robinson served as the elected Calumet Township Trustee from 2015 to 2024. The Calumet Township Trustee’s Office is a local governmental entity whose primary mission is to provide public assistance to individuals and families in need. In her position as Trustee, Robinson illegally used approximately $11,200 of Township assistance funds, to pay rent for her own personal residence from funds that were meant to be disbursed to aid people in need.

    Robinson pled guilty pursuant to a plea agreement to resolve the criminal charges. By resigning and entering into a plea agreement before being indicted, Robinson demonstrated that she accepted responsibility for her criminal conduct

    The public is reminded it may contact the United States Attorney’s Office at (usainn.pctips@usdoj.gov) or the FBI in Merrillville, Indiana at 1-800-CALL-FBI (1-800-225-5324) if they have information to report related to public corruption within the Northern District of Indiana.

    This case was investigated by the Federal Bureau of Investigation with assistance from the United States Postal Inspection Service. The case was prosecuted by Assistant United States Attorneys Kevin F. Wolff and Philip C. Benson.

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI Security: Worcester Man Sentenced to Eight Years in Prison for Drug Distribution Conspiracy

    Source: Office of United States Attorneys

    BOSTON – A Worcester man was sentenced yesterday in federal court in Worcester for his involvement in a cocaine distribution conspiracy.

    Luis Torres, 47, was sentenced by U.S. District Court Judge Margaret R. Guzman to eight years in prison, to be followed by four years of supervised release. The Court also entered a judgement of forfeiture of $26,480 in cash. In June 2024, Torres pleaded guilty to one count of conspiring to possess with the intent to distribute and to distribute 500 grams or more of cocaine and one count of use of a communication facility to facilitate a drug felony. Torres was indicted by a federal grand jury in December 2022.

    Torres conspired with others to coordinate delivery of a package from Puerto Rico known by him to contain 4 – 6 kilograms of cocaine and to take possession of the cocaine with the intent to distribute it. In June 2022, law enforcement intercepted the package and executed a controlled delivery during which another individual accepted the package while Torres sat in a nearby car. Torres was arrested at the scene and $26,480 in cash was recovered.

    United States Attorney Leah B. Foley; Michael J. Krol, Special Agent in Charge of Homeland Security Investigations in New England; Stephen Belleau, Acting Special Agent in Charge of the Drug Enforcement Administration, New England Field Division; and Colonel Geoffrey D. Noble, Superintendent of the Massachusetts State Police made the announcement today. Assistant U.S. Attorney Kaitlin Brown of the Worcester Branch Office prosecuted the case.
     

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI Global: Press freedom linked to greater financial stability, finds global study

    Source: The Conversation – UK – By George Kladakis, Lecturer in Finance, University of St Andrews

    Press freedom is widely considered to be a cornerstone of democracy. It brings accountability, transparency and access to reliable information.

    But beyond its democratic role, press freedom is also a vital part of a stable economy. Research has shown that it acts as a kind of financial watchdog, ensuring balance and accuracy.

    In doing so, an independent press strengthens the resilience of financial institutions. And our research suggests that higher levels of press freedom can also be linked to greater financial stability and lower “systemic risk” – where something bad happening at one company can trigger wider instability or even industry collapse – in the banking sector.

    Using data from 47 countries, we found that an independent press brings greater scrutiny of banking executives. Another benefit is a better flow of information around the financial markets, making the whole system more efficient.

    Countries with higher levels of press freedom are also more likely to foster corporate and political cultures that are free from the sort of corruption which could jeopardise the stability of the banking sector. All of these advantages are most pronounced during economic downturns or banking crises.

    And even outside times of crisis, we can see the positive effects by looking at basic financial indicators in countries with high and low press freedom levels. Countries with consistently high levels of press freedom such as Norway, Sweden or Estonia, for example, have far fewer non-performing (unrepaid) loans than countries with low levels of press freedom such as Pakistan, Greece or Russia.

    But a free press and a stable banking industry are by no means the norm.

    Recent data from the campaign group Reporters Without Borders highlights a worrying decline in media autonomy. It reports that 135 out of 180 countries now have press freedom levels classified as “problematic”, “difficult” or “very serious”.

    This trend extends to advanced economies such as Japan (70th, down from 68th in 2023), Italy (46th, down from 41st), and the US (55th, down from 45th).

    And it looks like the world’s largest economy could slip down the rankings even further. Although President Trump signed an executive order aimed at “restoring freedom of speech”, he has also explicitly threatened to revoke broadcast licenses, investigate critical media and jail journalists who protect confidential sources.

    In February 2025, White House officials even informed one US news agency that its journalists would be barred from entering the Oval Office until it stopped using the geographic term “Gulf of Mexico” instead of Trump’s preferred “Gulf of America”.

    But the Trump effect is not limited to the US. A recent aid freeze by his administration has cut billions in funding for independent media outlets across more than 30 countries, including Ukraine, Afghanistan and Iran.

    Press test

    Notable declines in press freedom have also been observed in politically volatile regions such as Latin America, Africa, the Middle East and central Asia, where authoritarian regimes continue to tighten their grip on the media.

    The survey from Reporters Without Borders suggests that governments across the world are failing to protect journalism, with a marked trend of declining press freedom.

    In 2014, 13% of countries enjoyed a “good” degree of press freedom, but this figure dropped to 7% by 2021 and then to just 4.4% in 2022. Conversely, the share of countries in the lowest classifications has risen dramatically. A decade ago, 8% were considered “difficult”, now that figure is 24%. The number of those with a “very serious” situation has gone from 8% to 17% in the same period.



    Read more:
    White House spat with AP over ‘Gulf of America’ ignites fears for press freedom in second Trump era

    Of course, there are outliers in the global picture. China, for example, has limited press freedom but a very stable banking sector that has been highly resilient to external shocks in the past. But the country is run by an authoritarian regime that helps to shield its banks from those kinds of risks.

    Elsewhere though, the decline in press freedom threatens not just democratic principles and political transparency, but also the operation of financial markets. Safeguarding that freedom is a critical basis of economic resilience and stability.

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

    – ref. Press freedom linked to greater financial stability, finds global study – https://theconversation.com/press-freedom-linked-to-greater-financial-stability-finds-global-study-248207

    MIL OSI – Global Reports –

    April 10, 2025

  • MIL-OSI United Kingdom: Government backs mayor to reopen Doncaster Sheffield Airport

    Source: United Kingdom – Executive Government & Departments

    Press release

    Government backs mayor to reopen Doncaster Sheffield Airport

    The South Yorkshire Mayor has announced a £30m devolved funding investment into reopening Doncaster Sheffield Airport, in a major economic boost for the region.

    • Government backs South Yorkshire Mayor’s decision to invest £30m devolved funding in critical infrastructure to support the creation of a sustainable aviation hub, propelling regional prosperity and driving private investment into Yorkshire. 
    • New working group met today to focus on airport re-opening – which could support 5,000 jobs and boost the economy by £5 billion by 2050, according to local estimates
    • Announcement comes as regions across the country agree shared priorities to turbocharge economic growth and employment, as part of the Plan for Change.  

    Millions of pounds of investment has been announced today by the South Yorkshire Mayor (Wednesday 9 April) to support the reopening of Doncaster Sheffield Airport (DSA), with plans forecasted to support 5,000 jobs, boost the economy by £5bn and provide wider benefits of £2bn by 2050.   

    The Airport has sat idle for years despite the potential to drive growth across the north. Today’s decision by the South Yorkshire mayor, backed by this government, would see the creation of a sustainable aviation hub in South Yorkshire to turbocharge economic growth in the region.

    In a major boost for regional growth and example of devolution in action, today’s announcement will enable the South Yorkshire Mayoral Combined Authority (SYMCA) to use their devolved funding to invest in the creation of a sustainable aviation hub.    
     
    The government has confirmed it has established a working group with Doncaster Council and SYMCA to support local efforts to reopen the airport and explore how the project could unlock wider benefits in the region. The first meeting, bringing together South Yorkshire Mayor Oliver Coppard, Aviation Minister Mike Kane, Doncaster Council and the government, has taken place today (Wednesday, 9 April).  

    Today’s boost for South Yorkshire comes as the Deputy Prime Minister agrees new shared priorities with mayors across the country focused on the opportunities and challenges to unlocking regional growth – a major step forward in the government’s pledge for each regional mayor to have their own Local Growth Plan. 

    Deputy Prime Minister Angela Rayner said:

    If we are to really grow our economy and put money into the pockets of working people, regional growth needs to be hardwired into the decisions that we make.  

    That’s why we have wasted no time in kick starting Local Growth Plans, owned by local leaders, and why, through our bold devolution plans, we can back our mayors and get opportunities for jobs and growth off the ground – just as they will with this thriving regional airport.

    Previous governments stood by as Doncaster Sheffield Airport was closed by its owner despite the overwhelming support for it to stay open. It now sits idle despite the potential to drive jobs and growth across the north. I am delighted to work with City of Doncaster Council and the Mayor of South Yorkshire Oliver Coppard to support their efforts to recreate South Yorkshire Airport City as a thriving regional airport.

    Transport Secretary Heidi Alexander said:   

    This Government will stop at nothing to fuel economic growth and deliver prosperity for people up and down the country, as part of our Plan for Change.  

    I’m thrilled to see devolved funding for South Yorkshire being used to revitalise the airport project, and boost the region as a whole, and I look forward to the first flights taking to the sky.

    Mayor for South Yorkshire Oliver Coppard said:  

    This significant funding package, alongside the cross-departmental government working group we have now set up, is a vital signal of our shared commitment to our airport, to growth, to creating good jobs in our communities, and to the future of Doncaster and South Yorkshire.  

    Since day one, we have been fighting for our airport, so we can create good jobs in the industries of the future and play our part in developing the sustainable aviation technologies of tomorrow. To now have the support of a government who don’t just understand that opportunity but truly want to help us realise it, couldn’t be more important.

    The new growth priorities agreed today will support mayors by tapping into government levers that can help their ambitions for their communities. Local plans will now help turbocharge regional economies, with shared priorities including: 

    • Improving transport connectivity to create a green, integrated transport network in the North East 

    • Increasing the skills base and reducing economic inactivity in West Yorkshire 

    • Boosting the availability and affordability of homes in Liverpool 

    These plans will ensure a more strategic approach to regional growth over the long-term and align government policy better to grow and create a more future-facing economy with benefits that are felt across the country.  

    The shared priorities confirmed by Deputy Prime Minister today are the first stage of developing these major plans, with more work underway to shape them further. Mayors will now begin to finalise their own Local Growth Plans for publication later this year. 

    Further information   

    • The Mayor’s investment will be supported through South Yorkshire’s devolved funding, including SYMCAs Investment Fund and the new, flexible, long-term Integrated Settlement which will be implemented in SYMCA from 2026/27.  

    • The new working group will meet monthly and will ensure that the path to local prosperity is being driven forward by those who know the region best. 

    Working group members: 

    • South Yorkshire Mayoral Combine Authority 

    • Doncaster Council 

    • Department for Transport 

    • HM Treasury  

    • Ministry for Housing and Local Government 
    • Office for Investment

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    Updates to this page

    Published 9 April 2025

    MIL OSI United Kingdom –

    April 10, 2025

  • MIL-OSI: Clear Blue Technologies Completes Balance Sheet Restructuring, Strengthening Platform for Growth

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 09, 2025 (GLOBE NEWSWIRE) — Clear Blue Technologies International Inc. (“Clear Blue” or the “Company”), a leader in Smart Power solutions for the telecom and IoT sectors, is pleased to announce the successful completion of a comprehensive balance sheet restructuring initiative.

    The global COVID-19 pandemic and subsequent macroeconomic challenges made equity financing particularly difficult for small-cap public companies. Despite this environment, Clear Blue has continued to invest in its industry-leading technology platform, strengthening its position as a market leader in Smart Power solutions.

    This ongoing commitment to R&D has required significant capital investment, resulting in a higher debt component on the Company’s balance sheet. Beginning in November 2024, Clear Blue launched a coordinated effort to restructure its financial position, working collaboratively with shareholders, lenders, customers, suppliers, and employees.

    The Company is now pleased to confirm the successful completion of this initiative. This milestone significantly enhances Clear Blue’s financial flexibility and positions the Company for long-term growth and value creation for shareholders.

    “We are proud to have the support of our stakeholders through this critical process,” said Miriam Tuerk, CEO of Clear Blue Technologies. “With a stronger financial foundation, we are well-positioned to capitalize on new opportunities and deliver on our growth strategy.”

    Outlook

    Clear Blue Technologies is seeing strong momentum entering 2025, with sales orders and pipeline activity pointing toward a return to top-line growth. Management is targeting positive EBITDA for the year, reflecting the Company’s operational progress and strategic positioning across multiple markets.

    Clear Blue benefits from a diversified global customer base across key verticals, including telecommunications in Africa—supported by strong international partners such as European satellite service providers—and smart city initiatives in North America. While the U.S. remains an important market, Clear Blue anticipates that more than 80% of its 2025 revenue will be generated from outside the United States.

    Although recent tariff changes have introduced operational complexity, the financial impact to date has been minimal due to the Company’s global diversification.

    In light of continued macroeconomic and geopolitical uncertainty, and in line with broader market practices, Clear Blue will not be providing formal forward-looking guidance at this time. The Company remains focused on execution and is committed to transparency as conditions evolve.

    The final two steps of the restructuring initiative consisted of two major developments:

    • the Company has entered into a comprehensive financing agreement with RE Royalties Ltd. (“RER”),
    • a share consolidation (the “Consolidation”) of the Company’s issued and outstanding common shares (the “Common Shares”) on the basis of one (1) post-Consolidation Common Share for every six (6) pre-consolidation Common Shares.

    Financing Agreements with RE Royalties

    Clear Blue has signed a debt conversion agreement (the “Debt Conversion Agreement”), amended and restated loan agreement, and royalties agreement with RE Royalties to convert its existing banking debt obligations into a structured package comprising equity, royalty payments, and a term loan. Under the terms of the agreements:

    1. Debt-to-Equity Conversion:
      CAD 250,000 of the Bank of Nova Scotia (BNS) loan facility will be converted into 1,388,889 post-consolidation equity units. Each unit consists of one common share and one common share purchase warrant. Units are priced at CAD 0.18 per share, and each warrant is exercisable at CAD 0.30 for 24 months. The units to be issued pursuant to the Debt Conversion Agreement are subject to the final approval of the TSX-V.
    2. Royalty Financing:
      CAD 250,000 of the existing facility will be converted into a 15-year royalty of 0.75% on Clear Blue’s gross consolidated revenues, payable quarterly, with total cumulative payments capped at CAD 750,000.
    3. Term Loan:
      The remaining CAD 250,000 of the BNS loan, along with an additional CAD 125,000 from RER, will be combined into a 12-month secured term loan totaling CAD 375,000, with an annual interest rate of 12%, compounded monthly and payable quarterly.

    There are no structuring, early repayment, or management fees associated with the new financing.

    Completion of Share Consolidation

    In tandem with the new financing structure, effective April 11, 2025 (the “Effective Date”) the Company will complete a consolidation of issued and outstanding common shares on the basis of one (1) post-consolidation share for every six (6) pre-consolidation shares.

    Key highlights of the consolidation include:

    • The number of outstanding shares will be reduced from 463,278,450 to 77,213,075.
    • Post-consolidation shares will commence trading on the TSX Venture Exchange on April 11, 2025 under the same ticker symbol, “CBLU”, with a new CUSIP number: 18453C404.
    • The Company’s shares also continue to trade on the Frankfurt Stock Exchange under the symbol “OYA”.

    As stated in the Company’s press release announcing the Consolidation dated January 6, 2025, no fractional Common Shares have been issued in connection with the Consolidation. The exercise or conversion price and the number of Common Shares issuable under any of the Company’s outstanding convertible securities has been proportionately adjusted in connection with the Consolidation.

    The post-consolidated Common Shares are delivered by the Company’s transfer agent to shareholders holding book shares / DRS Advice positions and their pre-consolidated shares become null and void automatically. Shareholders holding physical share certificates are required to deposit a completed Letter of Transmittal and the physical share certificates for cancellation to receive post-consolidated shares. Letters of Transmittal were mailed by the Company’s transfer agent on the Effective Date. Registered shareholders may also obtain a copy of the Letter of Transmittal by accessing the Company’s SEDAR+ profile at www.sedarplus.ca. Shareholders who hold their Common Shares through intermediaries (e.g., a broker, bank, trust company investment dealer or other financial institution) and who have questions about the Consolidation should contact their intermediaries.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    About Clear Blue Technologies International Inc.

    Clear Blue Technologies (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF) is the Smart Off-Grid™ company, delivering clean, managed, “wireless power” solutions for telecom, lighting, security, and Internet of Things (IoT) devices in over 37 countries. Clear Blue’s systems provide reliable and sustainable power in areas where traditional energy infrastructure is costly or inaccessible.

    About RE Royalties Ltd.

    RE Royalties is a leader in innovative financing for renewable energy companies, offering capital in exchange for royalties from sustainable infrastructure projects around the world.

    For More Information:

    Miriam Tuerk, Co-Founder and CEO
    +1 416 433 3952
    miriam@clearbluetechnologies.com 
    www.clearbluetechnologies.com/en/investors

    The MIL Network –

    April 10, 2025

  • MIL-OSI: Completion of Societe Generale’s 872 million euros share buyback program for cancellation purpose

    Source: GlobeNewswire (MIL-OSI)

    COMPLETION OF SOCIETE GENERALE’S 872 MILLION EUROS SHARE BUYBACK PROGRAM FOR CANCELLATION PURPOSE

    Regulated Information

    Paris, 9 April 2025

    (In accordance with article 5 of Regulation (EU) No 596/2014 on Market Abuse Regulation and article 3(3) of Delegated Regulation (EU) 2016/1052 supplementing Regulation (EU) No 596/2014 through regulatory technical standards concerning the conditions applicable to buyback programs and stabilization measures)

    Societe Generale announces the completion of its share buyback program for cancellation purpose, which began on 10 February 2025.

    22,667,515 Societe Generale ordinary shares have been purchased for a total amount of 872 million euros and will later be cancelled.

    The description and weekly information on the shares acquired in the context of this share buyback program are available on the Societe Generale website under the section Regulated Information and Other Important Information (societegenerale.com) and here below for the last buyback period.

    The liquidity contract concluded with Rothschild has also temporarily been suspended throughout the buyback period.

    Issuer name: Societe Generale – LEI O2RNE8IBXP4R0TD8PU41

    Reference of the financial instrument: ISIN FR0000130809

    Period: From 7 to 8 April 2025

    Purchases performed by Societe Generale during the period

    Aggregated presentation by day and market

    Issuer name Issuer code (LEI) Transaction date ISIN Code Daily total volume (in number of shares) Daily weighted average price of shares acquired Platform
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 7-Apr-25 FR0000130809 1 026 774 33,0597 XPAR
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 7-Apr-25 FR0000130809 548 455 33,0694 CEUX
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 7-Apr-25 FR0000130809 79 250 33,0365 TQEX
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 7-Apr-25 FR0000130809 56 437 33,0179 AQEU
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 8-Apr-25 FR0000130809 903 223 35,2255 XPAR
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 8-Apr-25 FR0000130809 390 000 35,1024 CEUX
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 8-Apr-25 FR0000130809 55 000 34,8731 TQEX
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 8-Apr-25 FR0000130809 40 000 34,8287 AQEU
          TOTAL 3 099 139 34,0033  

    Press contacts:

    Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com
    Fanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com

    Societe Generale

    Societe Generale is a top tier European Bank with around 119,000 employees serving more than 26 million clients in 62 countries across the world. We have been supporting the development of our economies for 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective – to deliver sustainable value creation for all our stakeholders.

    The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:

    • French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
    • Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
    • Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.

    Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

    In case of doubt regarding the authenticity of this press release, please go to the end of the Group News page on societegenerale.com website where official Press Releases sent by Societe Generale can be certified using blockchain technology. A link will allow you to check the document’s legitimacy directly on the web page.

    For more information, you can follow us on Twitter/X @societegenerale or visit our website societegenerale.com.

    Attachment

    • Societe-Generale-Report-on-share-buyback-from-7-to-8-April-2025

    The MIL Network –

    April 10, 2025

  • MIL-OSI: Annual General Meeting 2025 Resolutions

    Source: GlobeNewswire (MIL-OSI)

    Amsterdam, April 9, 2025

    SBM Offshore is pleased to announce that all resolutions were adopted as proposed during the Annual General Meeting of April 9, 2025. The adopted resolutions include the re-appointment of Douglas Wood as member of the Management Board and Chief Financial Officer, as well as the re-appointment of Ingelise Arntsen as member of the Supervisory Board.

    Shareholders also voted in favor of the proposed cash dividend of EUR150 million, which represents a dividend distribution of EUR0.8606 per ordinary share. The cash dividend is payable on May 6, 2025 to all shareholders of record as at April 14, 2025 through the bank or broker administering the shares.

    ABN AMRO is responsible for executing the dividend payment on behalf of SBM Offshore and offers the Company’s shareholders the option to participate in a Dividend Reinvestment Plan (DRIP). By participating in this program, shareholders can reinvest their net dividend into shares of the Company. Further information regarding the DRIP will be made available by ABN AMRO to all financial intermediaries.

    Further details on the adopted resolutions can be found on the Company’s website. 

    Corporate Profile

    SBM Offshore is the world’s deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy. 
    More than 7,800 SBMers collaborate worldwide to deliver innovative solutions as a responsible partner towards a sustainable future, balancing ocean protection with progress.
    For further information, please visit our website at www.sbmoffshore.com.

    Financial Calendar   Date Year
    First Quarter 2025 Trading Update   May 15 2025
    Half Year 2025 Earnings   August 7 2025
    Third Quarter 2025 Trading Update   November 13 2025
    Full Year 2025 Earnings   February 26 2026
    Annual General Meeting   April 15 2026

    For further information, please contact:

    Investor Relations

    Wouter Holties
    Corporate Finance & Investor Relations Manager

    Media Relations

    Giampaolo Arghittu
    Head of External Relations

    Market Abuse Regulation

    This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Disclaimer

    Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. These statements may be identified by words such as ‘expect’, ‘should’, ‘could’, ‘shall’ and / or similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the ‘Impacts, Risks and Opportunities’ section of the 2024 Annual Report.

    Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company’s business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore does not intend and does not assume any obligation to update any industry information or forward-looking statements set forth in this release to reflect new information, subsequent events or otherwise.

    This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS. Further information on these APMs is included in the 2024 Annual Report, available on our website Annual Reports – SBM Offshore.

    Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release “SBM Offshore” and “SBM” are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

    “SBM Offshore®“, the SBM logomark, “Fast4Ward®”, “emissionZERO®” and “F4W®” are proprietary marks owned by SBM Offshore.

    Attachment

    • SBM Offshore Annual General Meeting 2025 Resolutions

    The MIL Network –

    April 10, 2025

  • MIL-OSI USA: Washington man indicted on 11 counts of sex trafficking children, production of child sexual abuse material, and forced labor, following ICE, law enforcement partner investigation

    Source: US Immigration and Customs Enforcement

    RICHLAND, Wash. – U.S. Immigration and Customs Enforcement Homeland Security Investigations Seattle acting Special Agent in Charge Matt Murphy and acting United States Attorney Richard R. Barker announced that on April 2, a federal grand jury for the Eastern District of Washington returned an indictment charging Jonathan Michael Atkinson, age 34, with 11 criminal counts including Sex Trafficking Children, Production and Attempted Production of Child Pornography, Online Enticement of a Minor, and Forced Labor, following an ICE HSI, law enforcement partner investigation.

    The criminal charges against Atkinson carry a maximum sentence of up to a lifetime in prison.

    “Human trafficking is a heinous crime that preys on the most vulnerable members of our communities and the most effective way we can dismantle these criminal networks is through strong partnerships,” said Matthew Murphy, acting Special Agent in Charge of HSI Seattle. “HSI is proud to work alongside our federal, state, and local law enforcement partners to protect victims, bring traffickers to justice, and put an end to this exploitation.”

    Atkinson was arrested on April 8 by the Southeast Regional Internet Crimes Against Children Task Force, consisting of HSI, Richland Police Department, Kennewick Police Department, and the Benton County Sheriff’s Office. Additional assistance was provided by Pasco Police Department, ATF and DEA. Atkinson will be arraigned in federal court on April 10.

    “The U.S. Attorney’s office for the Eastern District of Washington will continue to aggressively prosecute all versions of human trafficking,” stated Acting United States Attorney Richard Barker. “We will continue to work closely with our federal, state, local, and Tribal law enforcement partners to seek justice for the most vulnerable among us.”

    If members of the public have any information regarding this case, please contact the Pasco Police Department.

    This case was investigated by Homeland Security Investigations and the Southeast Regional Internet Crimes Against Children Task Force. It is being prosecuted by Assistant United States Attorney Laurel J. Holland and Stephanie A. Van Marter.

    Early intervention is critical. If you suspect a child may be a victim of online CSEA, call the Know2Protect Tipline at 1-833-591-KNOW (5669) or visit the NCMEC CyberTiplineTM. If you believe a child has been abducted or is in immediate danger, contact local law enforcement and the NCMEC Tipline at 1-800-THE-LOST (1-800-843-5678).

    An indictment is merely an allegation, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    Know2Protect (K2P) is a national public awareness campaign from the Department of Homeland Security. K2P’s aim is to educate and empower children, teens, parents, trusted adults, and policymakers to prevent, combat, and report online child sexual exploitation and abuse. For more information, please visit our YouTube playlists at Know2Protect Campaign PSA Playlist and Know2Protect Digital Safety Series Playlist on the DHS main channel. Additional resources are available at know2protect.gov and @Know2Protect on Instagram, Facebook and X).

    MIL OSI USA News –

    April 10, 2025

  • MIL-OSI Security: Georgia Man Sentenced for $300,000 Romance Fraud Scheme

    Source: Office of United States Attorneys

    SPRINGFIELD, Mo. – A Georgia man was sentenced in federal court for his role in an online romance scam with elderly victims in Missouri, Minnesota, and New Jersey.

    Badetito O. Obafemi, 42, was sentenced by U.S. Chief District Judge Beth Phillips to 24 months in federal prison without parole. The court also sentenced Obafemi to three years of supervised release following incarceration and ordered him to pay restitution of $311,520 to the victims of his crime.

    On April 18, 2024, Obafemi pleaded guilty to one count of conspiracy to commit money laundering. Obafemi admitted to his participation in a romance scam which targeted victims in Taney County, Mo., Northfield, Minn., and Bergen County, N.J., from June 2016 through at least March 2018.

    The perpetrators of the romance scams used online communications to develop relationships with the victims. The scammers then began to request money from the victims for a variety of reasons, including business expenses, medical expenses, travel expenses, and food.

    According to court records, the Taney County victim was contacted via Facebook by an individual claiming to be “Kevin Condon” in May 2016. Following several conversations by email, phone, and Facebook, “Condon” convinced the victim to send him money for expenses related to his overseas business project and various medical issues. Conspirators stole a total of $27,460 from the Taney County victim. “Condon” also attempted to convince the victim to deposit $40,000 into an account controlled by Obafemi, purportedly to pay a court in South Africa for his release from jail.

    Obafemi conspired with the perpetrators to receive wire transfers from the victims, coordinating the necessary bank account information, the timing of transfers, and the transfer of funds across accounts. Obafemi received funds in his personal accounts as well as those of two businesses, EasyTickets, LLC, and Goeasy Logistics, LLC, which he owned and operated out of his Georgia residence.

    This case was prosecuted by Assistant U.S. Attorney Casey Clark. It was investigated by Homeland Security Investigations, the FBI and the Northfield, Minn., Police Department.

    Information about the Department of Justice’s Elder Fraud Initiative is available at www.justice.gov/elderjustice. Additional information about the Consumer Protection Branch and its elder fraud enforcement efforts may be found at www.justice.gov/civil/consumer-protection-branch. If you or someone you know is age 60 or older and has been a victim of financial fraud, help is available at the National Elder Fraud Hotline: 1-833-FRAUD-11 (1-833-372-8311).

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI Security: Nigerian National Indicted for Role in Romance Scam and Money Laundering Scheme

    Source: Office of United States Attorneys

    Defendant allegedly tricked a Massachusetts resident into wiring more than $2.5 million abroad

    BOSTON – A Nigerian national has been charged for his alleged role in allegedly stealing more than $2.5 million from six romance scam victims and transferring their money to cryptocurrency accounts that he controlled.  

    Charles Uchenna Nwadavid, 34, of Abuja, Nigeria, was arrested on April 7, 2025 after arriving on a flight from the United Kingdom to Dallas-Fort Worth International Airport. In January 2024, a federal grand jury in Boston indicted Nwadavid on charges of mail fraud and money laundering. Nwadavid appeared in federal court in Fort Worth, Texas on April 8, 2025 and was detained pending further proceedings. He will appear in federal court in Boston at a later date.

    According to the charging documents, “romance scams” recruit victims through advertisements for online relationships on dating or social media websites. Individuals perpetuating romance scams create fictitious profiles and then use them to gain victims’ trust through a purported romantic relationship. Perpetrators then direct their victims to send money or to conduct financial transactions involving other victims’ money under false pretenses, such as an urgent need for money to secure a multi-million dollar inheritance or to pay for an unexpected hospitalization.  

    Between in or about 2016 and September 2019, Nwadavid allegedly participated in romance scams that tricked victims into sending money abroad. In an effort to conceal his role as the recipient of the victims’ funds, Nwadavid allegedly used a victim from Massachusetts (Victim 1) to receive funds from five other victims around the United States. Nwadavid then allegedly tricked Victim 1 in to passing her own and the other victims’ money to him through cryptocurrency transactions, and allegedly accessed accounts in Victim 1’s name from overseas, to transfer the victims’ funds to accounts he controlled at LocalBitcoins, an online cryptocurrency platform.  

    The mail fraud charge provides for a sentence of up to 20 years in prison, three years of supervised release, a fine of up to $250,000 or twice the loss to the victim, restitution and forfeiture. The money laundering charges provide for a sentence of up to 20 years in prison, three years of supervised release, and a fine of up to $500,000 or twice the value of the property involved in the laundering transactions, restitution and forfeiture. The defendant will also be subject to deportation upon completion of any sentence imposed. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    United States Attorney Leah B. Foley and Jodi Cohen, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division made the announcement today. Assistant U.S. Attorney Mackenzie A. Queenin of the Criminal Division is prosecuting the case.

    The details contained in the charging documents are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.
     

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI Security: Boston Man Pleads Guilty to Federal Firearm Offense

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    Defendant accelerated moped at law enforcement before being arrested in possession of a loaded firearm

    BOSTON – A Boston man pleaded guilty today in federal court in Boston to illegally possessing a firearm and ammunition.

    Kyvon Ross, 26, pleaded guilty to one count of being a felon in possession of a firearm and ammunition before U.S. District Court Judge Patti B. Saris who scheduled sentencing for July 16, 2025.

    According to the charging documents, on Oct. 3, 2024, Ross was approached by law enforcement after driving a moped at a high speed and without a rear license plate. Ross accelerated directly at one of the officers before losing control of the moped and falling to the ground. Ross violently resisted arrest and was found in possession of a loaded Glock handgun with an obliterated serial number.  

    Ross is prohibited from possessing firearms and ammunition due to multiple prior felony convictions, including a 2021 federal conviction for being a felon in possession of a firearm.

    The charge of possessing ammunition after being convicted of a felony provides for a sentence of up to 15 years in prison, three years of supervised release and a fine of a $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    United States Attorney Leah B. Foley and Jodi Cohen, Special Agent in Charge of the Federal Bureau of Investigation, Boston Field Division made the announcement today. The Boston Police Department and the Bureau of Alcohol, Tobacco, Firearms & Explosives provided valuable assistance with the investigation. Assistant U.S. Attorney William F. Abely, Chief of the Criminal Division, is prosecuting the case.
     

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI Canada: Doubling down on Alberta’s regional economies

    In 2024-25, Alberta’s government invested a ground-breaking $9.8 million in 81 projects through the Northern and Regional Economic Development (NRED) program, creating new opportunities and strengthening Alberta’s local economies. This investment triples the program’s annual $3-million budget and doubles the number of grants awarded from the previous fiscal year. NRED grants now provide up to $300,000 in funding for projects designed to help businesses, municipalities and organizations expand, communities grow and industries innovate.

    Alberta’s government recognizes that regional communities face unique challenges. Workforce shortages, aging infrastructure and barriers to investment attraction can threaten long-term economic opportunity. By investing in northern and regional communities, the government helps build stronger, more resilient communities that contribute to the overall prosperity of the province.

    “The NRED program is empowering communities to attract investment, grow economies and create high-value, stable jobs for Albertans. This program unlocks new opportunities for Albertans in every corner of the province, ensuring Alberta remains the best place to live, work, invest and raise a family.”

    Matt Jones, Minister of Jobs, Economy and Trade

    Through NRED grants, Alberta’s government allows communities to apply for programming that suits their unique needs. Some of the 2024-25 projects funded through the NRED program include:

    • The Town of Taber received $17,500 for its “Think Taber” project to attract global investment to the community.
    • Slave Lake Regional Tourism Society received $38,400 for a regional promotional project.
    • NeurAlberta Tech’s project received $250,000 to unite students, graduates, SMEs and partners to drive innovation in neurotechnology and AI.
    • Chiniki First Nation received $281,300 for infrastructure planning for an Indigenous affordable housing plan.
    • Lethbridge Economic Development Initiative Society (LEDI) was awarded two grants, one for $50,000 and one for $97,600, for building creative industries and for business retention programming.

    Alberta’s government has listened to and learned from northern and regional communities who have called for the NRED program to be expanded. Not only did Alberta’s government expand the number of programs receiving NRED grants this year, but some key enhancements were made to make NRED grants more accessible and flexible. Specifically, the application process has been simplified, the maximum funding amount per project was increased by $100,000, the grant amount range was expanded to between $10,000 and $300,000, and grant applicants can now apply for up to three years of funding.

    By broadening eligibility and improving access, Alberta’s government is enabling communities to pursue both large-scale economic initiatives and targeted programs that address unique local needs.

    “Our government’s investment in the NRED program strengthens local businesses, creates jobs and enhances tourism opportunities across Alberta. This program is making a real difference in communities, especially in northern Alberta, by fostering innovation and economic resilience.”

    Tany Yao, parliamentary secretary, small business and northern development

    “Support from the NRED program is helping us lay the foundation for long-term economic success in Fort McMurray Wood Buffalo. It’s enabling us to attract new investment, expand tourism initiatives, and support local businesses that are driving growth and diversification in our region.”

    Lisa Sweet, interim CEO, Fort McMurray Wood Buffalo Economic Development and Tourism

    The NRED program is driving long-term growth by investing in local businesses, infrastructure and job creation across Alberta’s regions. This funding empowers communities to thrive, attract investment and build a stronger, more resilient economy for future generations.

    Quick facts

    • In 2024-25, the NRED program invested a total of $9.8 million in 81 projects that supported regional economic growth and diversification. This one-time increase includes:
      • $2.7 million to 27 municipalities
      • $4.8 million to 41 not-for-profits 
      • $1.4 million to eight First Nations
      • $0.9 million to five Metis Settlements
    • Twenty-nine of these projects are considered northern, with total grant funding of $3.8 million.
    • The program provides up to 50 per cent of total eligible project costs.
      • Projects led by Indigenous communities will receive up to 75 per cent of total eligible project costs.
    • Budget 2025 commits $3 million annually over the next three years to the NRED program, ensuring ongoing support for communities looking to grow and diversify their economies.
    • Since its launch in 2022, the NRED program has supported 225 economic initiatives that have fostered local business success, boosted tourism and built long-term capacity for economic growth.

    Related information

    • Northern and Regional Economic Development Program

    Related news

    • Investing nearly $5B in Alberta’s north (March 18, 2025)
    • Sparking opportunity in northern Alberta (Dec. 9, 2024)
    • Alberta fund gets major boost to drive regional growth (Aug.21, 2024)
    • Regional economic growth bolstered by grant program (Apr. 9, 2024)

    MIL OSI Canada News –

    April 10, 2025

  • MIL-OSI: Energys Group Signs Memorandum of Understanding to Acquire 49% Interest in Energy Services Company Operating in Hong Kong

    Source: GlobeNewswire (MIL-OSI)

    BILLINGSHURST, WEST SUSSEX, UNITED KINGDOM, April 09, 2025 (GLOBE NEWSWIRE) — Energys Group Limited (NASDAQ: ENGS) (“Energys Group” or the “Company”), a vertically integrated energy efficiency and decarbonization solutions provider for the built environment, today announced that it has entered into a non-binding Memorandum of Understanding (MOU) to acquire a 49% equity interest in Energys Spectrum Limited (the “Target Company”), a Hong Kong-based energy-saving technologies and services provider.

    The Target Company specializes in providing end-to-end retrofitting solutions aimed at reducing energy consumption, carbon emissions, and operating costs for both public and private sector clients. As the exclusive licensee of Energys Group in Hong Kong and Macau, the Target Company actively promotes the Energys brand by procuring products and solutions from the Company’s wholly-owned operating subsidiary and recommending them to its clients.

    The MOU is non-binding and remains subject to the negotiation and execution of a definitive agreement and customary closing conditions. The consideration for the shares to be purchased by the Company will be determined with reference to the valuation of the shares as determined by a professional valuator to be engaged by the Company, and is subject to negotiation between the parties. Among other conditions, the acquisition of the shares is contingent on (i) the Company and the Target Company having agreed on the purchase price for the shares; and (ii) the Company being satisfied with the results of its due diligence review of the Target Company’s financial position and business condition.

    The Company has paid a refundable deposit of US$5.5 million, which will be applied towards the purchase price of the shares, unless it is forfeited due to the Company not having fulfilled its obligations under the MOU. The MOU provides that the acquisition is to be consummated no later than December 31, 2025.

    Upon completion, the acquisition is expected to further strengthen the Company’s presence and competitiveness in the Hong Kong and Macau markets, while securing higher margins from product and solution sales to the Target Company.

    Michael Lau, Executive Director and Chief Technology Officer of Energys Group Limited, commented, “We are delighted to have reached an MOU with our key partner in Hong Kong. If the acquisition is completed, it is expected to further strengthen Energys’ brand profile in the regional market. It is also expected to generate a financial return through increasing product adoption and expanding margins as a result of value chain consolidation and streamlined operations. We hope that this will be the first of many acquisitions, and we will continue to accelerate regional decarbonization efforts while driving shareholders’ return.”

    About Energys Group

    Founded in 1998 as an energy conservation consultancy, Energys Group has since transitioned into a vertically integrated energy efficiency and decarbonization solutions provider for the built environment. Serving organizations from both the private and public sectors, including schools, universities, hospitals, and offices, primarily in the UK, the Company’s vision is to deliver innovative solutions that reduce carbon emissions, lower costs, and support the Net Zero agenda – alongside improving the wellbeing of building users within the built environment.

    Forward-Looking Statements

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

    For more information, please contact:
    DLK Advisory
    Phone: +852-2857-7101
    Email: ir@dlkadvisory.com

    The MIL Network –

    April 10, 2025

  • MIL-OSI USA: Ranking Member Jayapal’s Opening Statement at Subcommittee Hearing on the Consequences of Trump’s Chaotic and Lawless Immigration Enforcement

    Source: United States House of Representatives – Congresswoman Pramila Jayapal (7th District of Washington)

    WASHINGTON — Today, Rep. Pramila Jayapal, Ranking Member of the Subcommittee on Immigration, Integrity, Security, and Enforcement, delivered opening remarks at the subcommittee hearing on Donald Trump’s reckless and lawless immigration enforcement, which is undermining local law enforcement and threatening public safety.

    Below are Ranking Member Jayapal’s remarks, as prepared for delivery, at the subcommittee hearing.

    WATCH Ranking Member Jayapal’s opening statement.

    Ranking Member Pramila Jayapal

    Subcommittee on Immigration, Integrity, Security, and Enforcement

    Hearing on “Sanctuary Jurisdictions: Magnet for Migrants,

    Cover for Criminals”

    April 9, 2025

    Ever since President Trump came into office, my colleagues have been happy to sit back and let him run roughshod over our laws. President Trump, Tom Homan, and Stephen Miller led you to believe that this was about criminal immigrants who threaten public safety, despite the fact that research clearly shows that immigrants commit fewer crimes than Americans. They led you to believe that they were FOR the immigrants who did things legally, those folks had nothing to worry about. They even led you to believe that somehow getting rid of immigrants would be good for American jobs, for bringing down costs for the American public, and that this was all about caring about YOU versus them.

    Well, as people’s 401K accounts plummet with Trump’s crazy and chaotic economic policies and as costs of everything Americans need to buy keep going up instead of down, the effects of Trump’s unconstitutional and unlawful actions against ALL immigrants are causing fear and havoc in communities across the country.

    Let me be clear: Trump has targeted immigrants who are here lawfully—suspending refugee admissions—a program once hailed by both parties and the faith community everywhere as the cornerstone of humanitarian assistance. They are revoking the very programs that created legal pathways for immigrants to enter that effectively brought down numbers at the border.

    In revoking student visas and green cards of legal permanent residents, many of whom are married to U.S. citizens, they are going after every single immigrant, fabricating stories about these immigrants being “criminals,” even deporting them to other countries in violation of judicial orders.

    All of this leads us to ask once again, as the 4th circuit said earlier this week in the case of a Maryland father who was “mistakenly” deported to a Salvadorean prison by the Trump administration, “If due process is of no moment, what is stopping the Government from removing and refusing to return a lawful permanent resident or even a natural born citizen?”

    This obsession to weaponize every part of the U.S. government against immigrants is hurting Americans. It’s taking away critical resources for crime prevention, counterterrorism, drug interdiction, and other law enforcement at the Department of Justice and Homeland Security Investigations and terrorizing all immigrants and their US citizen family members, including those with no criminal background and with legal status.

    Now, they want to coerce state and local law enforcement to help them round up immigrants by threatening to cut off their transportation and law enforcement funds if they do not comply—even though multiple courts have held that this is illegal and numerous research studies and law enforcement officials have confirmed that keeping the longstanding distinction between federal immigration and local law enforcement actually helps keep communities safer.

    In 2019, my home state of Washington passed the Keep Washington Working Act with bipartisan support. It is a commonsense law to ensure that local policy remains focused on public safety rather than enforcing federal immigration law.

    We know that when local police act as immigration agents, immigrant communities and their families are less likely to come forward to report a crime when they are a witness or even a victim. It destroys the trust police rely on to preserve public safety in communities. Courts have ruled multiple times that states have the right to enact laws like the Keep Washington Working Act.

    And despite what you might hear today the law does allow information sharing with the federal government when necessary for an ongoing criminal investigation, or pursuant to a court order or judicial warrant.

    As the Trump administration continues to bully and intimidate the country to bend the knee, we won’t be intimidated. I fully support Attorney General Nick Brown’s efforts to ensure that everyone in our state follows our laws.

    The Major Cities Chiefs Association has repeatedly reaffirmed that, across the country, if law enforcement officers are viewed by members of the immigrant community as colluding or working with immigration law enforcement officers, this would “result in increased crime against immigrants in the broader community, create a class of silent victims and eliminate the potential for assistance from immigrants in solving crimes or preventing future terroristic acts.”

    The Major Cities Chiefs Association also explained that cooperation with the immigrant community is a crucial part of solving crime and preventing further criminal activity within the entire community, including ensuring protections for victims of domestic violence and sexual abuse. Instead of trashing the rights of every American and destroying communities and our economy, this subcommittee should be holding hearings on why Mahmoud Khalil remains detained, simply for expressing pro-Palestinian views that Trump doesn’t like. Or why Alfredo Juarez, a longtime labor leader, has been detained in my state apparently simply for organizing farmworkers for fair wages. Or why a local roofing company just had a raid where 37 immigrants who are longtime residents and building affordable housing for our communities were picked up and jailed. Or why the Administration refuses to return Kilmar Abrego Garcia to the US to reunite with his US citizen wife and three children, even after admitting to mistakenly deporting him to a Salvadorean gulag.

    Let’s have a hearing on the disappearing and kidnapping of people across this country, instead of hurting public safety by undermining policies of local jurisdictions.

    Issues: Immigration

    MIL OSI USA News –

    April 10, 2025
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