Category: India

  • Several injured in Russia’s overnight attack on Ukraine’s Odesa

    Source: Government of India

    Source: Government of India (4)

    At least 14 people were injured when Russian drones attacked the Ukrainian Black Sea city of Odesa overnight, damaging high-rise buildings and railway infrastructure, local authorities said on Friday.

    Odesa is Ukraine’s largest Black Sea port, key for imports and exports, and has been under constant missile and drone attacks by Russia since the war began.

    “Despite the active work of air defence forces, there is damage to civilian infrastructure, including residential buildings, a higher education institution, a gas pipeline and private cars,” local governor Oleh Kiper said on Telegram messenger.

    Kiper released photos of burning houses and charred high-rise buildings.

    Local emergencies service said that during the attack there were at least 10 drone strikes on residential buildings, causing massive fires.

    Ukraine’s air force said on Friday that Russia had launched 86 drones on Ukraine overnight.

    The military noted its air defence units shot down 34 drones while another 36 drones were lost – in reference to the Ukrainian military using electronic warfare to redirect them – or they were drone simulators that did not carry warheads.

    However, the military reported that drones hit 8 locations.

    Ukrainian state railways Ukrzaliznytsia reported that Odesa railway station was damaged during the attack, with power wires and rails damaged.

    Russian drones also attacked Kharkiv in northeastern Ukraine overnight, damaging several private and multi-storey houses, Kharkiv officials said.

    (Reuters)

  • India, Central American Integration System hold virtual dialogue to deepen cooperation

    Source: Government of India

    Source: Government of India (4)

    India and the Central American Integration System (SICA) held a virtual dialogue on Wednesday to strengthen bilateral cooperation and deepen engagement across key sectors. The meeting was co-chaired by Rajesh Vaishnaw, Additional Secretary, Ministry of External Affairs, and Alejandro Solano, Vice Minister of Multilateral Affairs of Costa Rica, which currently holds the Pro-Tempore Presidency of SICA.

    Senior officials from the SICA Secretariat, including the Director of International Cooperation, Carmen Marroquín, and representatives from SICA member countries also participated in the discussions.

    Highlighting the shared values of democracy, sustainable development, and South-South cooperation, the Indian side reaffirmed its commitment to supporting the region through its development partnership initiatives. These include the Indian Technical and Economic Cooperation (ITEC) programme, Quick Impact Projects (QIPs), and a dedicated SME grant programme.

    Vaishnaw emphasized India’s readiness to collaborate with SICA in areas such as digital transformation, affordable healthcare, disaster resilience, and renewable energy, underscoring India’s success in these fields.

    SICA member countries appreciated India’s proactive and consistent support, especially during the COVID-19 pandemic and other natural disasters. Both sides agreed to further enhance cooperation in critical sectors including food and nutritional security, health, connectivity, agriculture, digital infrastructure, energy, and trade and investment.

    The dialogue reaffirmed the commitment to sustained political engagement and regional cooperation, with Panama set to assume the SICA presidency later this year.

  • DGFT imposes new restrictions on imports of precious metal alloys and compounds

    Source: Government of India

    Source: Government of India (4)

    The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, has issued two new notifications aimed at regulating the import of certain precious metal alloys and chemical compounds.

    As per the notification issued on 17 June, the government has restricted the import of alloys of palladium, rhodium and iridium containing more than 1 % gold by weight. This expands the earlier restriction on platinum imports (issued on 5 March 2025) to cover the entire Customs Tariff Heading (CTH) 7110 at the 4-digit level, ensuring a uniform import policy across precious metals and their alloys.

    However, the import of alloys containing less than 1 % gold remains unrestricted, thereby safeguarding the interests of key industrial sectors such as electronics, automotive components, and specialised chemical manufacturing. This calibrated policy aims to strike a balance between trade facilitation and regulatory oversight.

    In a related move, DGFT has also issued another notification restricting the import of colloidal metals and certain compounds under CTH 2843. The restriction is intended to curb the misuse of chemical imports for bringing gold into the country in disguised forms.
    To support genuine industrial needs, imports under CTH 2843 will be permitted against an import authorisation, specifically for sectors such as electronics, electrical, and chemical manufacturing.

    Detailed notifications are available on the DGFT website at https://dgft.gov.in.

  • Indian stock market opens higher amid positive Asian cues

    Source: Government of India

    Source: Government of India (4)

    Indian equity markets opened on a positive note on Friday, supported by firm cues from Asian peers. Gains in PSU bank, IT, and auto stocks contributed to the early momentum.

    At 9:25 a.m., the BSE Sensex was up 228.15 points, or 0.28%, at 81,590.02. The NSE Nifty also advanced, rising 55.10 points, or 0.22%, to 24,848.35.

    In sectoral indices, the Nifty Bank rose by 102.35 points (0.18%) to trade at 55,679.80. However, broader markets showed mixed trends. The Nifty Midcap 100 declined marginally by 16.85 points (0.03%) to 57,143.10, while the Nifty Smallcap 100 slipped 62.50 points (0.35%) to 17,950.60.

    Analysts noted that the Nifty has been consolidating within a range of 24,500 to 25,000 over the past month. This trend, they said, is likely to persist unless there is a decisive geopolitical development.

    “There is uncertainty surrounding the Israel-Iran conflict. A resolution or sudden end to the war could trigger a breakout on the upside. However, if the war drags on and crude prices rise above $85 per barrel, we may see pressure on the lower end of the range,” said Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    Among the top gainers on the Sensex were Bajaj Finserv, UltraTech Cement, Mahindra & Mahindra, SBI, Axis Bank, and Sun Pharma. On the other hand, IndusInd Bank, Bajaj Finance, Tech Mahindra, Kotak Mahindra Bank, and Power Grid Corporation were among the major laggards.

    Foreign institutional investors (FIIs) continued their buying streak for the third consecutive session on June 19, with net purchases worth ₹934.62 crore. Domestic institutional investors (DIIs) also remained net buyers, purchasing equities worth ₹605.97 crore on the same day.

    Across Asia, markets in Bangkok, Tokyo, Seoul, Hong Kong, and Shanghai were trading in the green. Jakarta was the only major market in the region trading in the red.

    Meanwhile, US markets remained closed on Thursday in observance of Juneteenth National Independence Day. In the previous session on Wednesday, the Dow Jones Industrial Average declined by 44.14 points (0.10%) to close at 42,171.66. The S&P 500 ended 1.85 points lower (0.03%) at 5,980.87, while the Nasdaq gained 25.18 points (0.13%) to settle at 19,546.27.

  • US court lets Trump retain control of California National Guard for now

    Source: Government of India

    Source: Government of India (4)

    A U.S. appeals court let Donald Trump on Thursday retain control over California’s National Guard while the state’s Democratic governor proceeds with a lawsuit challenging the legality of the Republican president’s use of the troops to quell protests and unrest in Los Angeles.

    A three-judge panel of the San Francisco-based 9th U.S. Circuit Court of Appeals extended a pause it placed on U.S. District Judge Charles Breyer’s June 12 ruling that Trump had called the National Guard into federal service unlawfully.

    Breyer’s ruling was issued in a lawsuit against Trump’s action brought by Governor Gavin Newsom.

    Breyer ruled that Trump violated the U.S. law governing a president’s ability to take control of a state’s National Guard by failing to coordinate with the governor, and also found that the conditions set out under the statute to allow this move, such as a rebellion against federal authority, did not exist.

    Breyer ordered Trump to return control of California’s National Guard to Newsom. Hours after Breyer acted, the 9th Circuit panel put the judge’s move on hold temporarily.

    Amid protests and turmoil in Los Angeles over Trump’s immigration raids, the president on June 7 took control of California’s National Guard and deployed 4,000 troops against the wishes of Newsom. Trump also ordered 700 U.S. Marines to the city after sending in the National Guard. Breyer has not yet ruled on the legality of the Marine Corps mobilization.

    At a court hearing on Tuesday on whether to extend the pause on Breyer’s decision, members of the 9th Circuit panel questioned lawyers for California and the Trump administration on what role, if any, courts should have in reviewing Trump’s authority to deploy the troops.

    The law sets out three conditions under which a president can federalize state National Guard forces, including an invasion, a “rebellion or danger of a rebellion” against the government or a situation in which the U.S. government is unable with regular forces to execute the country’s laws.

    The Justice Department has said that once the president determines that an emergency that warrants the use of the National Guard exists, no court or state governor can review that decision.

    Trump’s decision to send troops into Los Angeles prompted a national debate about the use of the military on U.S. soil and inflamed political tensions in the second most-populous U.S. city.

    The protests in Los Angeles lasted for more than a week, but subsequently ebbed, leading Los Angeles Mayor Karen Bass to lift a curfew she had imposed.

    California argued in its June 9 lawsuit that Trump’s deployment of the National Guard and the Marines violated the state’s sovereignty and U.S. laws that forbid federal troops from participating in civilian law enforcement.

    The lawsuit stated the situation in Los Angeles was nothing like a “rebellion.” The protests involved sporadic acts of violence that state and local law enforcement were capable of handling without military involvement, according to the lawsuit.

    The Trump administration has denied that troops are engaging in law enforcement, saying that they are instead protecting federal buildings and personnel, including U.S. Immigration and Customs Enforcement officers.

    The 9th Circuit panel is comprised of two judges appointed by Trump during his first term and one appointee of Democratic former President Joe Biden.

    (Reuters)

  • US court lets Trump retain control of California National Guard for now

    Source: Government of India

    Source: Government of India (4)

    A U.S. appeals court let Donald Trump on Thursday retain control over California’s National Guard while the state’s Democratic governor proceeds with a lawsuit challenging the legality of the Republican president’s use of the troops to quell protests and unrest in Los Angeles.

    A three-judge panel of the San Francisco-based 9th U.S. Circuit Court of Appeals extended a pause it placed on U.S. District Judge Charles Breyer’s June 12 ruling that Trump had called the National Guard into federal service unlawfully.

    Breyer’s ruling was issued in a lawsuit against Trump’s action brought by Governor Gavin Newsom.

    Breyer ruled that Trump violated the U.S. law governing a president’s ability to take control of a state’s National Guard by failing to coordinate with the governor, and also found that the conditions set out under the statute to allow this move, such as a rebellion against federal authority, did not exist.

    Breyer ordered Trump to return control of California’s National Guard to Newsom. Hours after Breyer acted, the 9th Circuit panel put the judge’s move on hold temporarily.

    Amid protests and turmoil in Los Angeles over Trump’s immigration raids, the president on June 7 took control of California’s National Guard and deployed 4,000 troops against the wishes of Newsom. Trump also ordered 700 U.S. Marines to the city after sending in the National Guard. Breyer has not yet ruled on the legality of the Marine Corps mobilization.

    At a court hearing on Tuesday on whether to extend the pause on Breyer’s decision, members of the 9th Circuit panel questioned lawyers for California and the Trump administration on what role, if any, courts should have in reviewing Trump’s authority to deploy the troops.

    The law sets out three conditions under which a president can federalize state National Guard forces, including an invasion, a “rebellion or danger of a rebellion” against the government or a situation in which the U.S. government is unable with regular forces to execute the country’s laws.

    The Justice Department has said that once the president determines that an emergency that warrants the use of the National Guard exists, no court or state governor can review that decision.

    Trump’s decision to send troops into Los Angeles prompted a national debate about the use of the military on U.S. soil and inflamed political tensions in the second most-populous U.S. city.

    The protests in Los Angeles lasted for more than a week, but subsequently ebbed, leading Los Angeles Mayor Karen Bass to lift a curfew she had imposed.

    California argued in its June 9 lawsuit that Trump’s deployment of the National Guard and the Marines violated the state’s sovereignty and U.S. laws that forbid federal troops from participating in civilian law enforcement.

    The lawsuit stated the situation in Los Angeles was nothing like a “rebellion.” The protests involved sporadic acts of violence that state and local law enforcement were capable of handling without military involvement, according to the lawsuit.

    The Trump administration has denied that troops are engaging in law enforcement, saying that they are instead protecting federal buildings and personnel, including U.S. Immigration and Customs Enforcement officers.

    The 9th Circuit panel is comprised of two judges appointed by Trump during his first term and one appointee of Democratic former President Joe Biden.

    (Reuters)

  • SpaceX Starship rocket explodes in setback to Musk’s Mars mission

    Source: Government of India

    Source: Government of India (4)

    SpaceX’s massive Starship spacecraft exploded into a dramatic fireball during testing in Texas late on Wednesday, the latest in a series of setbacks for billionaire Elon Musk’s Mars rocket program.

    The explosion occurred around 11 p.m. local time while Starship was on a test stand at its Brownsville, Texas Starbase while preparing for the tenth test flight, SpaceX said in a post on Musk’s social-media platform X.

    The company attributed it to a “major anomaly” and said all personnel were safe. Its engineering teams were investigating the incident, and it was coordinating with local, state and federal agencies regarding environmental and safety impacts, the company said.

    “Preliminary data suggests that a nitrogen COPV in the payload bay failed below its proof pressure,” Musk said in a post on X, in a reference to a nitrogen gas storage unit known as a Composite Overwrapped Pressure Vessel. “If further investigation confirms that this is what happened, it is the first time ever for this design,” he continued.

    The Starship rocket appeared to experience at least two explosions in quick succession, lighting up the night sky and sending debris flying, according to video capturing the moment it exploded.

    The 400-foot (122-meter) tall Starship rocket system is at the core of Musk’s goal of sending humans to Mars. But it has been beset by a string of failures this year.

    In late May, SpaceX’s Starship rocket spun out of control about halfway through a flight without achieving some of its most important testing goals. The Starship lifted off from SpaceX’s Starbase, Texas, launch site, flying beyond the point of two previous explosive attempts earlier this year that sent debris streaking over Caribbean islands and forced dozens of airliners to divert course.

    Two months earlier, the spacecraft exploded in space minutes after lifting off from Texas, prompting the U.S. Federal Aviation Administration (FAA) to halt air traffic in parts of Florida.

    Videos on social media showed fiery debris streaking through the dusk skies near South Florida and the Bahamas after Starship broke up in space shortly after it began to spin uncontrollably with its engines cut off, a SpaceX live stream of the mission showed. Musk called that explosion “a minor setback.”

    The FAA said earlier this month that it had closed an agency-required investigation into the mishap, citing the probable cause as a hardware failure in one of the engines. SpaceX identified eight corrective actions to prevent a recurrence and the FAA said it verified SpaceX implemented those prior to the late May Starship mission.

    In January, a Starship rocket broke up in space minutes after launching from Texas, raining debris over Caribbean islands and causing minor damage to a car in the Turks and Caicos Islands.

    (Reuters)

  • PM Modi to launch projects worth ₹18,600 crore in Odisha, unveil vision document

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will chair the state-level event in Bhubaneswar today, commemorating one year of the newly elected government in Odisha. The Prime Minister’s visit is set to mark the beginning of a fresh phase of development in the state, with the inauguration and foundation laying of projects valued at over ₹18,600 crore.

    The projects span a wide range of critical sectors, including drinking water supply, irrigation, agriculture-related infrastructure, healthcare, and rural connectivity. Notable among them are new national highway segments, a new railway line, and other public infrastructure intended to improve service delivery and quality of life across Odisha.

    A landmark feature of the day’s agenda will be the flagging off of new train services extending to Boudh district—bringing it onto the national railway map for the first time. This move is expected to bolster regional connectivity and support local economic growth.

    In an effort to promote clean energy and sustainable urban transport, the Prime Minister will also flag off 100 electric buses under the Capital Region Urban Transport (CRUT) system. Designed to serve the capital and adjoining regions, the initiative is aimed at reducing the carbon footprint of urban mobility while enhancing convenience for daily commuters.

    Another key highlight will be the release of the Odisha Vision Document, which presents a long-term development strategy for the state. Framed with an eye on two landmark milestones—2036, the centenary of Odisha as India’s first linguistic state, and 2047, the centenary of Indian independence—the document outlines a roadmap for inclusive and sustainable growth across sectors.

    Further adding to the cultural and heritage agenda of the state, the Prime Minister will launch the Baraputra Aitihya Gram Yojana. This scheme seeks to convert the birthplaces of prominent Odia personalities into heritage villages, complete with museums, statues, interpretation centres, and libraries. It is expected to both preserve Odisha’s rich cultural history and promote heritage tourism.

    The Prime Minister will also felicitate women achievers from across Odisha. The ceremony will honour over 16.5 lakh “Lakhpati Didis”, women who have attained economic self-reliance through various government-supported livelihood initiatives.

     

     

     

     

  • PM Modi to launch projects worth ₹18,600 crore in Odisha, unveil vision document

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will chair the state-level event in Bhubaneswar today, commemorating one year of the newly elected government in Odisha. The Prime Minister’s visit is set to mark the beginning of a fresh phase of development in the state, with the inauguration and foundation laying of projects valued at over ₹18,600 crore.

    The projects span a wide range of critical sectors, including drinking water supply, irrigation, agriculture-related infrastructure, healthcare, and rural connectivity. Notable among them are new national highway segments, a new railway line, and other public infrastructure intended to improve service delivery and quality of life across Odisha.

    A landmark feature of the day’s agenda will be the flagging off of new train services extending to Boudh district—bringing it onto the national railway map for the first time. This move is expected to bolster regional connectivity and support local economic growth.

    In an effort to promote clean energy and sustainable urban transport, the Prime Minister will also flag off 100 electric buses under the Capital Region Urban Transport (CRUT) system. Designed to serve the capital and adjoining regions, the initiative is aimed at reducing the carbon footprint of urban mobility while enhancing convenience for daily commuters.

    Another key highlight will be the release of the Odisha Vision Document, which presents a long-term development strategy for the state. Framed with an eye on two landmark milestones—2036, the centenary of Odisha as India’s first linguistic state, and 2047, the centenary of Indian independence—the document outlines a roadmap for inclusive and sustainable growth across sectors.

    Further adding to the cultural and heritage agenda of the state, the Prime Minister will launch the Baraputra Aitihya Gram Yojana. This scheme seeks to convert the birthplaces of prominent Odia personalities into heritage villages, complete with museums, statues, interpretation centres, and libraries. It is expected to both preserve Odisha’s rich cultural history and promote heritage tourism.

    The Prime Minister will also felicitate women achievers from across Odisha. The ceremony will honour over 16.5 lakh “Lakhpati Didis”, women who have attained economic self-reliance through various government-supported livelihood initiatives.

     

     

     

     

  • PM Modi to launch projects worth ₹18,600 crore in Odisha, unveil vision document

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will chair the state-level event in Bhubaneswar today, commemorating one year of the newly elected government in Odisha. The Prime Minister’s visit is set to mark the beginning of a fresh phase of development in the state, with the inauguration and foundation laying of projects valued at over ₹18,600 crore.

    The projects span a wide range of critical sectors, including drinking water supply, irrigation, agriculture-related infrastructure, healthcare, and rural connectivity. Notable among them are new national highway segments, a new railway line, and other public infrastructure intended to improve service delivery and quality of life across Odisha.

    A landmark feature of the day’s agenda will be the flagging off of new train services extending to Boudh district—bringing it onto the national railway map for the first time. This move is expected to bolster regional connectivity and support local economic growth.

    In an effort to promote clean energy and sustainable urban transport, the Prime Minister will also flag off 100 electric buses under the Capital Region Urban Transport (CRUT) system. Designed to serve the capital and adjoining regions, the initiative is aimed at reducing the carbon footprint of urban mobility while enhancing convenience for daily commuters.

    Another key highlight will be the release of the Odisha Vision Document, which presents a long-term development strategy for the state. Framed with an eye on two landmark milestones—2036, the centenary of Odisha as India’s first linguistic state, and 2047, the centenary of Indian independence—the document outlines a roadmap for inclusive and sustainable growth across sectors.

    Further adding to the cultural and heritage agenda of the state, the Prime Minister will launch the Baraputra Aitihya Gram Yojana. This scheme seeks to convert the birthplaces of prominent Odia personalities into heritage villages, complete with museums, statues, interpretation centres, and libraries. It is expected to both preserve Odisha’s rich cultural history and promote heritage tourism.

    The Prime Minister will also felicitate women achievers from across Odisha. The ceremony will honour over 16.5 lakh “Lakhpati Didis”, women who have attained economic self-reliance through various government-supported livelihood initiatives.

     

     

     

     

  • IDY 2025: PM Modi’s efforts gave yoga global recognition, says Delhi CM Rekha Gupta

    Source: Government of India

    Source: Government of India (4)

    Delhi Chief Minister Rekha Gupta on Friday praised Prime Minister Narendra Modi for bringing global recognition to yoga, inspiring countries around the world to embrace the practice with enthusiasm.

    Addressing an event at a Yoga, Meditation, and Medical Camp in Delhi’s Shalimar Bagh ahead of International Yoga Day, Gupta said, “PM Modi got Yoga Day recognized on the world stage in such a way that every country in the world is adopting Yoga with great affection today… India will be able to prosper only if it remains healthy.”

    The central theme for this year’s International Yoga Day is “Yoga for One Earth, One Health,” underlining the connection between individual wellness and planetary health.

    Now in its 11th year, International Yoga Day was first observed in 2015 following a resolution moved by Prime Minister Narendra Modi at the United Nations in 2014. The inaugural celebration in New Delhi set two Guinness World Records — one for the largest yoga session and another for the most nationalities participating in a single event.

    The Centre has rolled out 10 key initiatives this year, with Yoga Sangam as the flagship event. Scheduled for June 21, from 6:30 am to 7:45 am, it will host a synchronized mass yoga demonstration at over one lakh locations nationwide. Prime Minister Narendra Modi will lead the celebrations from Visakhapatnam, Andhra Pradesh. Other events include Yoga Bandhan, Yoga Park, Harit Yoga, and Yoga Mahakumbh.

    ANI

  • IDY 2025: PM Modi’s efforts gave yoga global recognition, says Delhi CM Rekha Gupta

    Source: Government of India

    Source: Government of India (4)

    Delhi Chief Minister Rekha Gupta on Friday praised Prime Minister Narendra Modi for bringing global recognition to yoga, inspiring countries around the world to embrace the practice with enthusiasm.

    Addressing an event at a Yoga, Meditation, and Medical Camp in Delhi’s Shalimar Bagh ahead of International Yoga Day, Gupta said, “PM Modi got Yoga Day recognized on the world stage in such a way that every country in the world is adopting Yoga with great affection today… India will be able to prosper only if it remains healthy.”

    The central theme for this year’s International Yoga Day is “Yoga for One Earth, One Health,” underlining the connection between individual wellness and planetary health.

    Now in its 11th year, International Yoga Day was first observed in 2015 following a resolution moved by Prime Minister Narendra Modi at the United Nations in 2014. The inaugural celebration in New Delhi set two Guinness World Records — one for the largest yoga session and another for the most nationalities participating in a single event.

    The Centre has rolled out 10 key initiatives this year, with Yoga Sangam as the flagship event. Scheduled for June 21, from 6:30 am to 7:45 am, it will host a synchronized mass yoga demonstration at over one lakh locations nationwide. Prime Minister Narendra Modi will lead the celebrations from Visakhapatnam, Andhra Pradesh. Other events include Yoga Bandhan, Yoga Park, Harit Yoga, and Yoga Mahakumbh.

    ANI

  • Prime Minister to inaugurate railway, power, and housing projects in Siwan, Bihar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will embark on a two-day visit to Bihar, Odisha, and Andhra Pradesh, beginning his tour with a public programme in Bihar’s Siwan district, on Friday. At around noon, PM is scheduled to lay the foundation stone and inaugurate a series of development projects, addressing the gathering on the occasion.

    In Siwan, the Prime Minister will inaugurate the Vaishali–Deoria railway line, a project worth over ₹400 crore, and will flag off a new train service along this route. Additionally, in a move to strengthen regional connectivity, he will flag off a Vande Bharat Express between Patliputra and Gorakhpur via Muzaffarpur and Bettiah—an important link for North Bihar.

    In line with India’s “Make in India – Make for the World” campaign, PM Modi will flag off the first export locomotive manufactured at the Marhowra Plant. The locomotive, which will be shipped to the Republic of Guinea, is equipped with high-horsepower engines, advanced AC propulsion systems, and regenerative braking technologies.

    In alignment with efforts to clean and rejuvenate the Ganga, the Prime Minister will also inaugurate six sewage treatment plants under the Namami Gange programme. These plants, developed at a cost of over ₹1,800 crore, are intended to meet the sanitation needs of towns situated along the river and improve the overall water quality.

    Additionally, PM Modi will lay the foundation stone for a series of water supply and sanitation projects worth over ₹3,000 crore. These initiatives span several towns in Bihar and aim to ensure the delivery of clean and safe drinking water to local populations.

    Addressing the power sector, the Prime Minister will initiate the installation of a 500 MWh Battery Energy Storage System (BESS) across 15 grid substations in Bihar, including those in Muzaffarpur, Motihari, Bettiah, and Siwan. With capacities ranging from 20 to 80 MWh per substation, the BESS facilities are expected to help electricity distribution companies manage demand more efficiently by feeding stored electricity into the grid during peak hours.

    In the housing sector, PM Modi will release the first instalment under the Pradhan Mantri Awas Yojana (Urban) to more than 53,600 beneficiaries in Bihar. To mark the occasion, he will also hand over keys to a few recipients as part of a Grih Pravesh ceremony for over 6,600 newly constructed houses under the scheme.

    Following his engagements in Siwan, PM Modi will travel to Odisha and Andhra Pradesh to continue his official tour on June 21.

     

  • US top diplomat Rubio discussed Israel-Iran war with key partners

    Source: Government of India

    Source: Government of India (4)

    U.S. Secretary of State Marco Rubio met British foreign minister David Lammy on Thursday and held separate calls with Australian Foreign Minister Penny Wong, French Foreign Minister Jean-Noel Barrot and Italian Foreign Minister Antonio Tajani to discuss the war between U.S. ally Israel and its regional rival Iran.

    KEY QUOTES

    The U.S. State Department said that Rubio and the foreign ministers agreed that “Iran can never develop or acquire a nuclear weapon.”

    Lammy said the same on X while adding that the situation in the Middle East “remained perilous” and a “window now exists within the next two weeks to achieve a diplomatic solution.”

    WHY IT’S IMPORTANT

    The air war between Iran and Israel – which began on June 13 when Israel attacked Iran – has raised alarms in a region that was already on edge since the start of Israel’s military assault on Gaza in October 2023.

    President Donald Trump will decide in the next two weeks whether the U.S. will get involved in the war, the White House said on Thursday. Trump has kept the world guessing on his plans, veering from proposing a swift diplomatic solution to suggesting Washington might join the fighting on Israel’s side.

    The White House said late on Thursday that Trump will take part in a national security meeting on Friday morning.

    CONTEXT

    Israel, which is the only country in the Middle East widely believed to have nuclear weapons, said it struck Iran to prevent Tehran from developing its own nuclear weapons. Iran, which says its nuclear program is peaceful, has retaliated with its own strikes on Israel.

    Iran is a party to Nuclear Non-Proliferation Treaty while Israel is not.

    Israeli air attacks have killed 639 people in Iran, the Human Rights Activists News Agency says. Israel says at least two dozen Israeli civilians have died in Iranian attacks.

    The foreign ministers of Britain, France, Germany and the European Union were due to meet in Geneva with Iran’s foreign minister on Friday to try to de-escalate the conflict.

    (Reuters)

  • MIL-OSI Banking: Result of Underwriting Auction conducted on June 20, 2025

    Source: Reserve Bank of India

    In the underwriting auction conducted on June 20, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

    Nomenclature of the Security Notified Amount
    (₹ crore)
    Minimum Underwriting Commitment (MUC) Amount
    (₹ crore)
    Additional Competitive Underwriting Amount Accepted
    (₹ crore)
    Total Amount underwritten
    (₹ crore)
    ACU Commission Cut-off rate
    (Paise per ₹100)
    6.75% GS 2029 15,000 7,518 7,482 15,000 0.58
    7.09% GS 2054 12,000 6,006 5,994 12,000 0.94
    Auction for the sale of securities will be held on June 20, 2025.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/567

    MIL OSI Global Banks

  • MIL-OSI Banking: Result of Underwriting Auction conducted on June 20, 2025

    Source: Reserve Bank of India

    In the underwriting auction conducted on June 20, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

    Nomenclature of the Security Notified Amount
    (₹ crore)
    Minimum Underwriting Commitment (MUC) Amount
    (₹ crore)
    Additional Competitive Underwriting Amount Accepted
    (₹ crore)
    Total Amount underwritten
    (₹ crore)
    ACU Commission Cut-off rate
    (Paise per ₹100)
    6.75% GS 2029 15,000 7,518 7,482 15,000 0.58
    7.09% GS 2054 12,000 6,006 5,994 12,000 0.94
    Auction for the sale of securities will be held on June 20, 2025.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/567

    MIL OSI Global Banks

  • PM Modi to visit Bihar, Odisha, Andhra Pradesh for key development initiatives and Yoga Day celebrations

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will embark on a two-day visit to Bihar, Odisha, and Andhra Pradesh starting Friday.

    During his visit to Bihar and Odisha on Friday, the Prime Minister will inaugurate a series of major development projects aimed at boosting infrastructure and regional growth.

    On Saturday, he will travel to Visakhapatnam, Andhra Pradesh, where he will lead the International Yoga Day – Mass Yoga Demonstration.

    Sharing details of his upcoming engagements, PM Modi said on X: “Over the next two days, I will be attending programmes in Bihar, Odisha, and Andhra Pradesh. These programmes cover a wide range of sectors.”

    Bihar: Infrastructure, Connectivity, and Clean Energy Push

    In Bihar, the Prime Minister will inaugurate the new Vaishali–Deoria railway line project worth over ₹400 crore and flag off a new train service on this route. In a significant boost to regional connectivity, he will also flag off the Vande Bharat Express between Patliputra and Gorakhpur via Muzaffarpur and Bettiah.

    Taking forward the ‘Make in India – Make for the World’ vision, PM Modi will flag off a state-of-the-art locomotive built at the Marhowra Plant for export to the Republic of Guinea. This marks the first export locomotive from this factory, equipped with high-horsepower engines, advanced AC propulsion systems, microprocessor-based control systems, ergonomic cab designs, and regenerative braking technology.

    Reinforcing his commitment to the conservation and rejuvenation of the Ganga, the Prime Minister will inaugurate six Sewage Treatment Plants (STPs) under the Namami Gange project, worth over ₹1,800 crore, aimed at serving the sanitation needs of the region.

    He will also lay the foundation stone for water supply, sanitation, and STP projects across various towns in Bihar, worth over ₹3,000 crore, to provide clean and safe drinking water to residents.

    In a major initiative to modernize power infrastructure, the Prime Minister will lay the foundation stone for a 500 MWh Battery Energy Storage System (BESS) in Bihar. These standalone BESS units will be installed at 15 grid substations across locations like Muzaffarpur, Motihari, Bettiah, and Siwan, with each unit having a capacity of 20 to 80 MWh. This initiative will help reduce electricity costs for distribution companies and benefit consumers by supplying stored energy back to the grid during peak demand.

    As part of the Pradhan Mantri Awas Yojana–Urban (PMAY-U), PM Modi will release the first instalment to over 53,600 beneficiaries in Bihar. He will also hand over keys to selected beneficiaries, symbolizing the Grih Pravesh (housewarming) ceremony for more than 6,600 completed homes under the scheme.

    Odisha: Development Projects and Cultural Heritage

    From Bihar, the Prime Minister will proceed to Bhubaneswar, Odisha, to mark one year of the current state government. He will inaugurate and lay the foundation stone for projects worth over ₹18,600 crore, spanning sectors such as drinking water, irrigation, agriculture infrastructure, healthcare, rural roads and bridges, national highways, and railway expansion.

    In a significant move, he will flag off new train services extending rail connectivity to Boudh district for the first time—marking its integration into the national railway network.

    In line with the government’s clean energy and urban mobility goals, PM Modi will also flag off 100 electric buses under the Capital Region Urban Transport (CRUT) system, promoting sustainable and eco-friendly urban transport.

    The Prime Minister will unveil the Odisha Vision Document, which outlines a forward-looking development roadmap leading up to 2036—when Odisha celebrates 100 years as India’s first linguistic state—and 2047, marking 100 years of India’s independence.

    To honour the legacies of eminent Odias, PM Modi will launch the ‘Baraputra Aitihya Gram Yojana’, an initiative to transform the birthplaces of prominent personalities into cultural heritage sites with museums, statues, interpretation centres, libraries, and public spaces. This effort aims to promote cultural tourism while preserving Odisha’s rich heritage.

    Celebrating women’s empowerment, PM Modi will felicitate women achievers under the Lakhpati Didi initiative, which has enabled more than 16.5 lakh women in Odisha to achieve financial self-reliance and prosperity.
    Andhra Pradesh: International Yoga Day Celebration

    On June 21, the Prime Minister will lead the International Yoga Day celebrations from the beachfront of Visakhapatnam, Andhra Pradesh, joining nearly five lakh participants in the Common Yoga Protocol (CYP) session.

    Simultaneously, Yoga Sangam events will be held at more than 3.5 lakh locations across India. This year’s special initiatives include contests such as Yoga with Family and youth-centric programmes under Yoga Unplugged, launched through platforms like MyGov and MyBharat to encourage mass participation.

    The theme for this year’s International Day of Yoga is “Yoga for One Earth, One Health”, reflecting the interconnectedness of human well-being and planetary health. It aligns with India’s ancient philosophy of “Sarve Santu Niramaya” (May all be free from disease).

    Since 2015, when the United Nations General Assembly adopted India’s proposal to observe June 21 as International Day of Yoga, PM Modi has led the celebrations from iconic locations including New Delhi, Chandigarh, Lucknow, Mysuru, New York (UN Headquarters), and Srinagar.

    (With inputs from IANS)

  • Thousands of schoolchildren in Panipat take part in marathon ahead of IDY 2025

    Source: Government of India

    Source: Government of India (4)

    In the run-up to the 11th International Day of Yoga, thousands of schoolchildren from across Panipat participated in a marathon on Friday to promote awareness about the benefits of yoga.

    The event, flagged off by nodal officer Sneh Lata at Shivaji Stadium, was part of a district-level rehearsal for Saturday’s celebrations.

    “Tomorrow marks the 11th International Yoga Day, and Agriculture Minister Shyam Singh Rana will be present as the chief guest. Today’s marathon is more than just a physical exercise — it carries a message,” said Lata. “These children are helping raise awareness about the value of yoga in everyday life.”

    District Education Officer Rakesh Boora said that over 4,000 students from 22 schools will take part in Saturday’s programme. “Yoga is a time-tested tool for improving physical and mental well-being. Our students are helping take that message to the community,” he said.

    The central theme for this year’s International Yoga Day is “Yoga for One Earth, One Health,” underlining the connection between individual wellness and planetary health.

    Now in its 11th year, International Yoga Day was first observed in 2015 following a resolution moved by Prime Minister Narendra Modi at the United Nations in 2014. The inaugural celebration in New Delhi set two Guinness World Records — one for the largest yoga session and another for the most nationalities participating in a single event.

    This year, the Centre has lined up 10 key initiatives including Yoga Sangam, a nationwide demonstration drive at 1 lakh locations. Other events include Yoga Bandhan, Yoga Park, Harit Yoga, and Yoga Mahakumbh.

    IANS

  • Ahmedabad: NCC cadets promote health, environment through yoga

    Source: Government of India

    Source: Government of India (4)

    In the run-up to the International Day of Yoga, over 1,000 NCC cadets and Armed Forces personnel gathered on Friday at the NCC Group headquarters in Ahmedabad, sending a powerful message of unity, health, and environmental consciousness.

    The event, held ahead of the global celebration on June 21, echoed this year’s theme, “Yoga for One Earth, One Health,” with participants performing various asanas in unison, symbolising the harmony between human health and planetary well-being.

    Speaking to IANS, an NCC cadet said, “Yoga Day is celebrated not just in India but across the world. It benefits both our health and the environment. It’s a reminder to take care of ourselves and our planet.”

    Another cadet noted, “All of us NCC cadets are proud to celebrate Yoga Day. But yoga isn’t just about one day — it’s a lifestyle. It strengthens the body and the mind. We must make it part of our daily routine.”

    This year marks the 11th edition of the International Day of Yoga since it was first proposed by Prime Minister Narendra Modi and adopted by the United Nations in 2014. June 21, the summer solstice, was chosen to symbolise balance and harmony.

    The main event, Yoga Sangam, is scheduled for Saturday from 6:30 a.m. to 7:45 a.m. at the Vijaya Institute of Pharmaceutical Sciences in Krishna district, Visakhapatnam, with Prime Minister Narendra Modi set to lead the celebrations.

    In Delhi, Chief Minister Rekha Gupta is expected to lead a yoga session along the banks of the Yamuna, with events planned at 11 locations across the capital.

    IANS

  • Ahmedabad: NCC cadets promote health, environment through yoga

    Source: Government of India

    Source: Government of India (4)

    In the run-up to the International Day of Yoga, over 1,000 NCC cadets and Armed Forces personnel gathered on Friday at the NCC Group headquarters in Ahmedabad, sending a powerful message of unity, health, and environmental consciousness.

    The event, held ahead of the global celebration on June 21, echoed this year’s theme, “Yoga for One Earth, One Health,” with participants performing various asanas in unison, symbolising the harmony between human health and planetary well-being.

    Speaking to IANS, an NCC cadet said, “Yoga Day is celebrated not just in India but across the world. It benefits both our health and the environment. It’s a reminder to take care of ourselves and our planet.”

    Another cadet noted, “All of us NCC cadets are proud to celebrate Yoga Day. But yoga isn’t just about one day — it’s a lifestyle. It strengthens the body and the mind. We must make it part of our daily routine.”

    This year marks the 11th edition of the International Day of Yoga since it was first proposed by Prime Minister Narendra Modi and adopted by the United Nations in 2014. June 21, the summer solstice, was chosen to symbolise balance and harmony.

    The main event, Yoga Sangam, is scheduled for Saturday from 6:30 a.m. to 7:45 a.m. at the Vijaya Institute of Pharmaceutical Sciences in Krishna district, Visakhapatnam, with Prime Minister Narendra Modi set to lead the celebrations.

    In Delhi, Chief Minister Rekha Gupta is expected to lead a yoga session along the banks of the Yamuna, with events planned at 11 locations across the capital.

    IANS

  • MIL-OSI Banking: International Day of Yoga celebrated at the ASEAN Headquarters/ASEAN Secretariat

    Source: ASEAN

    JAKARTA, 20 June 2025 – At the initiative of the Indian Mission to ASEAN, the International Day of Yoga was held at the ASEAN Headquarters/ASEAN Secretariat, and participated by ASEAN Secretariat staff and members of the diplomatic corps.
     
    Deputy Secretary-General of ASEAN for Community and Corporate Affairs, Nararya Sanggramawijaya Soeprapto, kicked off the occasion with his welcoming remarks, emphasising the significance of yoga for both individual and collective well-being. He underscored ASEAN’s commitment to promoting healthy lifestyles and cross-cultural understanding, as demonstrated by today’s celebration.
     
    Yoga, originating in ancient India, has transcended geographical boundaries and become a cherished practice worldwide, including in ASEAN Member States. Its holistic approach – combining physical postures, breathing exercises, and meditation, offers a multitude of benefits.  From improving flexibility and strength to reducing stress and enhancing mental clarity, yoga empowers individuals to achieve a harmonious balance between mind, body and spirit.
     
    ****

     
    Photo credit : Indian Mission to ASEAN
    The post International Day of Yoga celebrated at the ASEAN Headquarters/ASEAN Secretariat appeared first on ASEAN Main Portal.

    MIL OSI Global Banks

  • MIL-OSI Security: U.S. Marshals Capture Two Memphis First-Degree Murder Fugitives in One Day

    Source: US Marshals Service

    Memphis, TN – The U.S. Marshals Service (USMS) captured two Memphis first-degree murder fugitives, in different states, on the same day.

    In the early morning of June 17, 2025, the USMS Two Rivers Violent Fugitive Task Force (TRVFTF) arrested Marco, McGhee, 19, at a residence in the 200 block of First Avenue in Memphis.

    McGhee’s alleged crime is related to a call around 4 p.m., on October 15, 2024, when the Memphis Police Department (MPD) responded to a shooting in the 1400 block of Bellevue Boulevard. Officers found a man suffering from multiple gunshot wounds in the front room of a residence. Following an investigation by MPD, McGhee was indicted, and a warrant was issued on June 6, 2025, through Shelby County Criminal Court for First-Degree Murder.

    In an unrelated crime, the USMS arrested Kaylon Spivey, 24, also on the morning of June 17, 2025, in Indiana. The TRVFTF developed information and provided investigative leads to the Great Lakes Regional Fugitive Task Force. They arrested Spivey in the 5000 block of Keystone Avenue in Indianapolis where he was working at a fast-food restaurant.

    Spivey’s alleged crimes stem from a shooting investigation on September 6, 2020, when MPD responded to a shooting at Gill Avenue and Pillow Street. An unresponsive male was found with multiple gunshot wounds. Following an investigation by MPD, Spivey was indicted, and warrants were issued on April 28, 2025, through Shelby County Criminal Court for First-Degree Murder, Carjacking, and Especially Aggravated Robbery.

    Tyreece Miller, U.S. Marshal for the Western District of Tennessee said, “We commend the investigative work of the Memphis Police Department in solving these two heinous crimes. The U.S. Marshals Service will continue to support our partners in removing dangerous offenders from the streets, no matter where they think they can hide.”

    The U.S. Marshals Service Two Rivers Violent Fugitive Task Force is a multi-agency task force within Western Tennessee. The TRVFTF has offices in Memphis and Jackson, and its membership is primarily composed of Deputy U.S. Marshals, Shelby, Fayette, Tipton, and Gibson County Sheriff’s Deputies, Memphis and Jackson Police Officers, Tennessee Department of Correction Special Agents and the Tennessee Highway Patrol. Since 2021, the TRVFTF has captured over 3,000 violent offenders and sexual predators.

    MIL Security OSI

  • Israel-Iran air war enters second week as Europe pushes diplomacy

    Source: Government of India

    Source: Government of India (4)

    Israel and Iran’s air war entered a second week on Friday and European officials sought to draw Tehran back to the negotiating table after President Donald Trump said any decision on potential U.S. involvement would be made within two weeks.

    Israel began attacking Iran last Friday, saying it aimed to prevent its longtime enemy from developing nuclear weapons. Iran retaliated with missile and drone strikes on Israel. It says its nuclear programme is peaceful.

    Israeli air attacks have killed 639 people in Iran, said the Human Rights Activists News Agency. Those killed include the military’s top echelon and nuclear scientists. Israel has said at least two dozen Israeli civilians have died in Iranian missile attacks. 

    Israel has targeted nuclear sites and missile capabilities, and sought to shatter the government of Supreme Leader Ayatollah Ali Khamenei, according to Western and regional officials.

    “Are we targeting the downfall of the regime? That may be a result, but it’s up to the Iranian people to rise for their freedom,” Israeli Prime Minister Benjamin Netanyahu said on Thursday.

    Iran has said it is targeting military and defence-related sites in Israel, although it has also hit a hospital and other civilian sites.

    Israel accused Iran on Thursday of deliberately targeting civilians through the use of cluster munitions, which disperse small bombs over a wide area. Iran’s mission to the United Nations did not immediately respond to a request for comment.

    With neither country backing down, the foreign ministers of Britain, France and Germany along with the European Union foreign policy chief were due to meet in Geneva with Iran’s foreign minister to try to de-escalate the conflict on Friday.

    “Now is the time to put a stop to the grave scenes in the Middle East and prevent a regional escalation that would benefit no one,” said British Foreign Minister David Lammy ahead of their joint meeting with Abbas Araqchi, Iran’s foreign minister.

    U.S. Secretary of State Marco Rubio also met Lammy on Thursday and held separate calls with his counterparts from Australia, France and Italy to discuss the conflict.

    The U.S. State Department said that Rubio and the foreign ministers agreed that “Iran can never develop or acquire a nuclear weapon.”

    Lammy said the same on X while adding that the situation in the Middle East “remained perilous” and a “window now exists within the next two weeks to achieve a diplomatic solution.”

    Russian President Vladimir Putin and Chinese President Xi Jinping both condemned Israel and agreed that de-escalation is needed, the Kremlin said on Thursday.

    The role of the United States remained uncertain. Lammy also met Trump’s special envoy to the region, Steve Witkoff, on Thursday in Washington, and said they had discussed a possible deal.

    Witkoff has spoken with Araqchi several times since last week, sources say.

    The White House said Trump will take part in a national security meeting on Friday morning. The president has alternated between threatening Tehran and urging it to resume nuclear talks that were suspended over the conflict.

    Trump has mused about striking Iran, possibly with a “bunker buster” bomb that could destroy nuclear sites built deep underground. The White House said Trump would decide in the next two weeks whether to get involved in the war.

    That may not be a firm deadline. Trump has commonly used “two weeks” as a time frame for making decisions and has allowed other economic and diplomatic deadlines to slide.

    With the Islamic Republic facing one of its greatest external threats since the 1979 revolution, any direct challenge to its 46-year-long rule would likely require some form of popular uprising.

    But activists involved in previous bouts of protest say they are unwilling to unleash mass unrest, even against a system they hate, with their nation under attack.

    “How are people supposed to pour into the streets? In such horrifying circumstances, people are solely focused on saving themselves, their families, their compatriots, and even their pets,” said Atena Daemi, a prominent activist who spent six years in prison before leaving Iran.

    (Reuters)

  • MIL-OSI Economics: Money Market Operations as on June 19, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 5,99,265.81 5.18 3.50-6.55
         I. Call Money 14,174.25 5.26 4.70-5.35
         II. Triparty Repo 3,96,475.35 5.18 5.14-5.25
         III. Market Repo 1,86,372.11 5.16 3.50-6.24
         IV. Repo in Corporate Bond 2,244.10 5.47 5.38-6.55
    B. Term Segment      
         I. Notice Money** 60.04 5.21 5.00-5.30
         II. Term Money@@ 440.50 5.50-6.00
         III. Triparty Repo 1,275.00 5.24 5.15-5.29
         IV. Market Repo 750.00 5.40 5.40-5.40
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Thu, 19/06/2025 1 Fri, 20/06/2025 1,323.00 5.75
    4. SDFΔ# Thu, 19/06/2025 1 Fri, 20/06/2025 3,22,568.00 5.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -3,21,245.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       7,157.31  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     7,157.31  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -3,14,087.69  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on June 19, 2025 9,46,312.30  
         (ii) Average daily cash reserve requirement for the fortnight ending June 27, 2025 9,54,173.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ June 19, 2025 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on May 30, 2025 5,84,684.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/566

    MIL OSI Economics

  • Prime Minister Modi to launch multiple development projects in Bihar today

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will visit the Siwan district of Bihar today (Friday), where he will inaugurate and lay the foundation stone of multiple infrastructure and development projects. 

    The Prime Minister will address a public gathering after the launch event, scheduled around 12 noon. In a significant push for railway infrastructure, PM Modi will inaugurate the Vaishali–Deoria railway line project, built at a cost of over Rs 400 crore.

    A new train service will also be flagged off on this route. The visit will also witness the flagging off of the Patliputra-Gorakhpur Vande Bharat Express, via Muzaffarpur and Bettiah, marking a new chapter in high-speed rail connectivity in North Bihar.

    In a major milestone under the ‘Make in India – Make for the World’ initiative, PM Modi will flag off the first export locomotive manufactured at the Marhowra Plant. The locomotive is destined for the Republic of Guinea and features high-horsepower engines, advanced AC propulsion, regenerative braking, and microprocessor-based controls.

    In alignment with his commitment to Ganga rejuvenation, the Prime Minister will inaugurate six new Sewage Treatment Plants (STPs) under the Namami Gange program, collectively worth Rs 1,800 crore. These projects aim to significantly reduce pollution and improve sanitation in towns across Bihar.

    PM Modi will also lay the foundation stone for STPs, sanitation, and water supply projects worth over Rs 3,000 crore in several towns of the state, ensuring safe and clean drinking water for thousands of households.

    Taking a leap in renewable energy efficiency, PM Modi will lay the foundation stone for a 500 MWh Battery Energy Storage System (BESS). These standalone storage units will be installed at 15 substations, including Siwan, Muzaffarpur, Bettiah, and Motihari, with capacities ranging from 20 MWh to 80 MWh.

    Continuing support to housing for all, the Prime Minister will release the first instalment of assistance to more than 53,600 beneficiaries under the Pradhan Mantri Awas Yojana – Urban (PMAY-U).

    Additionally, PM Modi will hand over keys to select beneficiaries of 6,600 newly completed houses, marking their Grih Pravesh (housewarming). This visit marks PM Modi’s second trip to Bihar in less than a month and his fifth this year, reflecting the Centre’s growing focus on Bihar’s development in the lead-up to the state assembly elections. (IANS)

  • MIL-OSI Global: Friday essay: ‘my heart is full of sparks’ – as war escalates, can I hope for Iran’s liberation from a tyrannical regime?

    Source: The Conversation – Global Perspectives – By Hessom Razavi, Clinical Associate Professor of Ophthalmology, The University of Western Australia

    We are at a dinner party in suburban Perth, a home away from home for our diaspora. As guests arrive, a Persian ballad plays in the background: Morq-e Sahar (Dawn Bird), a freedom song, a century-old protest against dictatorships and tyranny in Iran. This version was sung by the late Mohammad-Reza Shajarian, Iran’s most decorated maestro.

    Dawn bird, lament!
    Make my brand burn even more.
    With the sparks from your sigh, break
    And turn this cage upside down.

    Shajarian’s virtuoso voice frames an old question. One I’ve heard, it seems, at every Iranian gathering since my childhood. It hangs in the air like a cloud, unanswered, as guests greet each other with customary bowing and rooboosi (cheek kissing). We settle around a table laden with âjil (trail mix), fruit and wine, the smell of saffron rice and ghorme sabzi (herb stew) all around.

    For me, the scene is both familial and familiar. As is the question, which circles back around. “When will this regime change?” someone asks. The “regime” is Nezâm-e Jomhuri-ye Eslâmi-ye Irân, or the Regime of the Islamic Republic of Iran.

    A missing voice

    Since the launch of Israel’s Operation Rising Lion against Iran last week, there has been a voice sometimes missing in the mainstream coverage – that of the Iranian people themselves.

    “Israel is not our enemy, the regime is our enemy,” chant many Iranians in Tehran and in the diaspora, a common sentiment in our community. They cite the regime that they have endured for 46 years since the 1979 Islamic Revolution: a government most of them oppose and reject, with the vast majority of Iranians preferring democratic, if not secular, reform.

    I hear some Iranians, on social media and in conversation with people who live there, commending Israel’s prime minister Benjamin Netanyahu for assassinating Iran’s top military brass. These are the leaders of the Sepah, or the Islamic Revolutionary Guards Corps (IRGC), the most powerful branch of the Iranian Armed Forces. Together with the mullahs – Iran’s Shia Muslim clerical class – they form the backbone of Iran’s government and economy.

    So far, Israel has assassinated Hossein Salami, the head of the Revolutionary Guards, as well as Mohammad Kazemi, its intelligence chief, plus senior nuclear scientists and dozens of other officers. Israel has also indicated an interest in killing Ayatollah Ali Khomenei, Iran’s supreme leader.

    Damet garm, aghayeh Netanyahu,” some Iranians are saying, literally “may your breath be warm”, or “good job, Netanyahu”. Amid the terror and confusion – not to mention the civilian deaths, so far, of over 200 Iranians – there is a rare and distinct sense of hope.

    State of corruption

    In view of Israel’s ongoing campaign in Gaza, this support for Israel may come as a surprise to many Australians, and Western liberals in general. Certainly, reconciling Israel’s role in Gaza versus Iran is jarring.

    But for now, I hear some Iranians saying “maybe our regime can finally be toppled”. Maybe Iran can reclaim its place in the international community, as the proud and prosperous nation it should be? As this crisis escalates, as buildings collapse and distressed Tehranis, including my family, flee the capital for the safety of the countryside, there is a heady sense of possibility.

    Wing-tied nightingale come out of the corner of your cage, and
    Sing the song of freedom for human kind.
    With your fiery breath ignite,
    The breath of this peopled land …

    I understand the allure of this hope; to an extent, I feel it myself. My family lives in Australia, not Iran, precisely because of the Iranian regime’s tyranny. We fled Iran in 1983 due to political persecution, after most of the adults in our extended family were arbitrarily arrested and imprisoned by the government.

    Two of my imprisoned uncles and one of my aunties were executed. Another uncle was beaten to death in custody. My grandfather, a noble old man, was imprisoned and tortured. We were far from unique; during the 1980s, the government imprisoned tens of thousands of its own people, executing many thousands of them.

    Little has changed since then. The Iranian regime and the Revolutionary Guards have shown a pervasive disregard for human rights. They execute more of their own people than any country except China. They are a world leader in the use of torture; they deny freedoms of expression and press, association and assembly; they discriminate against women, girls, religious minorities, LGBTI people, and refugees. Tightly controlled elections ensure the success of desired candidates.

    Freedom House, a nonprofit organisation based in the US, gives Iran a score of 11 out of 100 for its provision of political rights and civil liberties. For many Iranians, it felt overdue when, in 2019, the US listed the Revolutionary Guard as a terrorist organisation, a decision followed by other countries, including Canada and Sweden. In 2023, the European parliament overwhelmingly voted for a resolution to do the same, with calls to expedite this motion in early 2025.

    In parallel to their human rights abuses, the Revolutionary Guard has hobbled the Iranian economy. Their corruption, financial incompetence and operation of black markets have compounded the effects of international sanctions. Consequently, the Iranian rial hit a historic low this year. It is now worth around one twentieth of its value in 2015.

    People’s life savings have dwindled in value, rendering older Iranians financially vulnerable. Inflation was 38.7% in May of this year, down from highs of over 40%. My family in Iran experience this as grocery and commodity prices that may rise in a single day, higher in the afternoon than in the morning. Some cities have experienced water cuts and power outages.

    While it hasn’t yet qualified as a failed state, Iran has been failing.

    All of this has occurred despite the country being richly endowed with the second- and third-highest natural gas and oil reserves in the world, respectively. Iran has a GDP of over $US404 billion – 36th in the world. Its youth are highly educated and literate, with more women enrolled in universities than men.

    Rather than accelerating the nation’s domestic development, however, the Iranian government has by its own admission spent tens of billions of dollars to expand its empire by funding terrorist proxies: Hamas in Palestine, Hezbollah in Lebanon, the recently deposed Assad regime in Syria, and Houthi rebels in Yemen.

    The Iranian people have suffered financially, but the Revolutionary Guards have not. They are estimated to control at least 10%, and up to 50%, of the country’s total economy, including up to an estimated 50% share of Iran’s US$50 billion per year oil profits. They have achieved this by commandeering an industrial empire, made up of hundreds of commercial companies, trusts, subsidiaries and nominally charitable foundations.

    A further US$2 billion or more per year comes from the government’s military budget, with periodic boosts during crises. Add to this the alleged shadowy operation of black markets, extortion, and the smuggling of alcohol, narcotics and weapons, accounting for an estimated US$12 billion per year in revenue.

    Contemplating this corruption, I am reminded of an anecdote from a personal associate who worked for a firm affiliated with the Revolutionary Guard. They shared stories of officers, the nation’s purported “guardians of Islam”, hosting parties where alcohol, firearms and sex workers were readily available.

    My associate recounted several instances of fraud and theft, one of them monumental in scale. In this “tea smuggling scandal”, the Revolutionary Guard defrauded billions of dollars from a government fund by illicitly exchanging some funds on the open market, falsely labelling cheap tea to on-sell as superior quality tea, and falsely labelling domestically produced machinery as “Made in Germany”.

    “They’re untouchable, and they know it”, my associate said. Another Iranian community member described them to me as “Iran’s super-mafia”.

    Speaking to family in Iran, they say many of the middle tier Revolutionary Guards live in their own shahrak-ha (towns) with dedicated markets, schools and resorts. Many of the Guards’ elite, meanwhile, live in mansions in the exclusive parts of north Tehran, with children who pursue conspicuously American “lifestyles of the rich and famous”. For an organisation that leads the chants of “marg bar America!” (death to America), one wonders if they see the irony in this.

    Turn our dark night to dawn

    I find myself sickened by the events of this war, and the harm it is causing. Struck with anxiety, some of our family members in Tehran haven’t slept for days. “The Israeli bombardments are non-stop, and so loud,” one family member told me.

    This week our extended family has struggled frantically to leave Tehran. Petrol is hard to come by and, in a mass exodus, the bumper-to-bumper traffic stands still for hours. I know some of the neighbourhoods being bombed; we lived in one of them in my childhood.

    “For every military commander that’s assassinated, a whole building might collapse, and with a dozen civilians trapped or killed,” another person told me, intimating that the civilian toll is higher than official counts.

    I am also worried about the raised hopes of Iranians. I have seen this before, when a spark – sometimes an inspirational act of courage from an ordinary citizen – leads to public surges in solidarity. At these moments during my childhood, my parents would tell me that the regime’s time was limited, it’s downfall inevitable. Iranians would see better days and people power would prevail.

    Truth and goodness rise like cream, my Dad would say, as if echoing Dr Martin Luther King’s arc of the moral universe bending towards justice.

    A beautiful sentiment no doubt, but one that has become difficult to believe over time. It often appears that the universe’s arc bends towards power, not justice. Fairness seems the exception, hardly the rule. At the time, Dad’s reassurances were protective, even noble. But as the 1979 revolution and its aftermath have shown, might beats right most days of the week.

    The cruelty of the cruel and the tyranny of the hunter
    Have blown away my nest.
    O God, O Heavens, O Nature,
    Turn our dark night to dawn.

    As I explain to Australian friends: how can a people surpass a government that has (1) the military on its side, (2) a stranglehold on oil revenue, and (3) a purported mandate from God?

    Guns, money and a holy book – a hard trifecta to crack, and powerful enough to attract a sufficient minority of cronies, bottom feeders and sycophants.

    What’s the size of this ruling minority? It’s difficult to be sure, but a 2023 survey of 158,000 respondents within Iran found that only 15% supported the Islamic Republic. Small, but sufficient to produce crowds burning American and Israeli flags. I’ve always marvelled at the regime’s ability to manufacture these images; I’m told by associates that they now use AI to produce some of these.

    Women Life Freedom

    As current events unfold, I find myself deeply sceptical of all the political actors, whether Iranian, Israeli, American, Arab or Russian. Since the Islamic revolution in 1979, none of them have shown any serious interest in supporting democratic reform in Iran. “They’ve all profited from this government,” a senior community member told me. “Why would that change now?”

    For the sake of sanity, I find myself searching for credible sources of hope. The only one I settle on is faith in the Iranian people themselves. This the culture that has surrounded me since childhood, the qualities I’ve seen first hand in my countrywomen and men, whether young or old, home or abroad, Muslim, Bahai or secular: a resilience, a resourcefulness, a propensity for joy, a confidence and pride in culture, and an ability to prevail, over and again.

    It’s a new spring, roses are in bloom…
    …O rose, look towards this lover,
    Look again, again, again.

    These qualities are periodically staged for the world to see. Iranian people have not taken their oppression lying down, rising in (mainly) peaceful protests. There have been some 10 mass protests since the inception of the Islamic Republic in 1979. The largest of these was the Green Movement in 2009, when it was estimated that over a million citizens marched in Tehran alone. As recently as May 2025, strikes took place in over 150 cities, involving hundreds of thousands of workers.

    For the most part, these demonstrations have been met with severe repression by state authorities. One episode, from September 2022, deserves special mention. The world watched in horror as the regime cracked down on young women in Iran. This was their response to the Zan Zendegi Azadi (Woman Life Freedom) movement, where mass protests were triggered by the death in custody of Mahsa Jina Amini.

    Amini was a 22-year-old Kurdish-Iranian woman who had been detained by the government’s “Morality Police” for wearing an improper hijab. Three days into her detention she died under suspicious circumstances. A leaked CT scan showed a skull fracture and brain haemorrhage. This corroborated eyewitness accounts that Amini had been severely beaten by police.

    Intentionally or not, a dress code infringement had been punished by death. Even for Iranians long accustomed to state violence, this was too much. Mass protests erupted in more than 100 cities across all of Iran’s 31 provinces.

    The protests were led by women, many of them defiantly removing their headscarves. True to its nature, the regime responded violently. In the months that followed, over 20,000 protesters were imprisoned, many later testifying to having been tortured through electric shock, flogging, waterboarding and rape.

    Human Rights Watch estimates that over 500 civilians – including 68 children and adolescents – were killed by security forces, which included the paramilitary Basijis, Revolutionary Guard Corps, police and prison guards.

    Things would get darker. That December the regime was accused of deliberately poisoning over 1,200 students at Kharazmi and Ark universities on the eve of a planned protest. Soon thereafter, there were allegations of toxic gas attacks against thousands of schoolgirls, in apparent retaliation for removing their hijabs. By 2024, the UN had accused Iran of a coordinated campaign of crimes against humanity, a claim rejected by the regime.

    As an eye surgeon, I was distressed to read a letter signed by over 100 Iranian ophthalmologists detailing eye injuries among protesters. The letter alleged that security forces had deliberately targeted people’s eyes with teargas canisters, rubber bullets and shotgun fire, resulting in traumatic injuries and irreversible blindness among protesters.

    Dew drops are falling from my cloudy eyes
    This cage, like my heart, is narrow and dark.
    O fiery sigh set alight this cage
    O fate, do not pick the flower of my life.

    There were separate reports of women’s faces and genitals being targeted by shotgun fire. The regime appeared to have interfered with medical services: protestors transported to police stations in ambulances were arrested after surgery or denied treatment. Doctors were reportedly coerced to supply false death certificates to disguise the true cause of protestors’ deaths. The British Medical Journal documented healthcare professionals being arrested, intimidated, kidnapped or killed in retaliation for treating protesters.

    If we didn’t know it already, Zan Zendegi Azadi reminded us of the risks, if not futility, of advocating for change in Iran.

    When mass civil movements like this, performed ten times over, have not worked, what alternatives are the people left with? Brutalised and impoverished by their own government, should we be surprised when a traditionally Islamic people welcome a Jewish state’s decapitation of their political leaders? Is it not tempting, even if lazy, to invoke the historical comparison of Cyrus the Great, Persian King of the Achaemenid Empire, who freed the Jewish people from Babylonian captivity?

    For the people of Iran and Israel – at the risk of naivety and romanticism – are we approaching an age of karma?

    O rose, look towards this lover,
    Look again, again, again.
    O heart-lost bird, shorten, shorten, shorten,
    The tale of separation.

    An uncertain scenario

    Regarding Operation Rising Lion, it is safe to say that Iranians, like any healthy community, hold a diversity of views.

    At one end of the spectrum, those who unconditionally condemn Israel’s attack should consider that the Iranian government has stockpiled over 400 kilograms of 60% enriched uranium. While not enough to build a nuclear warhead, this is far more enriched uranium than is needed for peaceful purposes.

    The Iranian government has also vowed to “wipe Israel off the map” for decades. Iran’s Ayatollah Khamenei lauded the October 7 terrorist attack by Hamas on Israeli civilians. In other words, Iran has said to Israel “we want to annihilate you, we’ll celebrate your deaths, and we could do it with nuclear weapons if we wished to”.

    Following Iran’s recent breach of its nonproliferation obligations to the International Atomic Energy Agency, Israel says it has acted lawfully in attacking Iran for self-defense – a claim disputed by some international law experts. Even if one does not agree with Israel’s action, it is evident that they’ve long been baited by Iran.

    On the other side of the coin, Iranians who salute Israel and the US as their saviours should take caution. The US director of national intelligence Tulsi Gabbard declared as recently as March 2025 that there was no evidence that Iran was actively pursuing nuclear weapons, a finding corroborated by over a dozen other US intelligence elements including the CIA, the National Security Agency, and the Insitute for Defense Analyses.

    One cannot ignore the disturbing echoes of the 2003 war on Iraq, where the absence of evidence for weapons of mass destruction was intentionally misrepresented by the US and UK governments. The consequences for Iraq have been disastrous.

    As for Netanyahu and his administration, they have shown a ruthless pursuit of narrow self-interest in Gaza. The deaths and injuries inflicted by the Israeli Defence Forces on more than 50,000 Palestinian children appear to have done nothing to quell their ambitions.

    With regards to Netanyahu himself, he is facing corruption charges that could result in his domestic imprisonment and he has more recently been the subject of an arrest warrant by the International Criminal Court for war crimes, including starvation and murder.

    What can Iranians learn from this? The evidence suggests this could be a war of passion and opportunism for Israel, rather than one of legitimate self-defence. In any case, they are not waging it for the benefit of Iranians.

    Israel has a tendency to set ambitious military goals that it can’t achieve. While it promises Operation Rising Lion will soon end, its track record suggests otherwise.

    A protracted conflict would see Iran’s civilian toll rise much higher. Power outages and fuel shortages have already begun; what happens once water, medical and food scarcity set in? Since Iran doesn’t allow many international aid agencies onto its soil, who will come to the rescue of Iranians as things escalate?

    Truth’s life has come to an end
    Faith and fidelity have been replaced by the shield of war.
    Lover’s lament and beloved’s coyness,
    Are but lies and have no power.

    Even if Israel succeeds in capturing or killing Iran’s supreme leader, Ali Khamenei, what happens next? With the Revolutionary Guard’s roots in place, there is no guarantee, and in fact a low likelihood, of true democratic reform. In recent times, foreign interference in the region has not gone well. Look at Libya, Afghanistan, Iraq and Syria: all evidence of catastrophic worsening after the removal of autocrats.

    This is a complex and uncertain scenario with little room for moral grandstanding. Disabling Iran’s nuclear and ballistic capabilities could be a net win, but the manner in which it is being done sets a dangerous precedent. For the Iranian people, Netanyahu’s ambitions could ultimately prove both heroic and villainous.

    The cup of the rich is full of pure wine,
    Our cup is filled with our heart’s blood.
    O anxious heart, cry out aloud
    And avoid those who have powerful hands.

    As I watch coverage of the war, I find myself drifting back to Shajarian’s voice and to Morq-e Sahar, probably for distraction and comfort. What is real is my faith in my fellow Iranians. Many examples comes to mind. One, during a trip to Iran, was when I stayed with family at a roadhouse. That evening, we heard music emanating from the courtyard and followed some steps into an dark basement beneath the accommodation.

    There we found a large gathering of young Iranians, two dozen or more men and women risking the law by hanging out together to sing. We joined them as strangers, seated on the floor and holding hands at times. In the dim light, the group sang and sang, a couple of them playing instruments.

    I can’t say I knew the songs or comprehended all the lyrics; I didn’t need to, to understand their meaning. You may force our people underground, you may cage them, bombard and even kill them. But you will never extinguish their eternal Persian spirit.

    O rosy-cheeked cup-bearer, give the fiery water,
    Play a joyful tune, O charming friend.
    O sad nightingale lament from your cage.
    Because of your grief my heart is
    Full of sparks, sparks, sparks.

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

    ref. Friday essay: ‘my heart is full of sparks’ – as war escalates, can I hope for Iran’s liberation from a tyrannical regime? – https://theconversation.com/friday-essay-my-heart-is-full-of-sparks-as-war-escalates-can-i-hope-for-irans-liberation-from-a-tyrannical-regime-259275

    MIL OSI – Global Reports

  • MIL-OSI Global: Friday essay: ‘my heart is full of sparks’ – as war escalates, can I hope for Iran’s liberation from a tyrannical regime?

    Source: The Conversation – Global Perspectives – By Hessom Razavi, Clinical Associate Professor of Ophthalmology, The University of Western Australia

    We are at a dinner party in suburban Perth, a home away from home for our diaspora. As guests arrive, a Persian ballad plays in the background: Morq-e Sahar (Dawn Bird), a freedom song, a century-old protest against dictatorships and tyranny in Iran. This version was sung by the late Mohammad-Reza Shajarian, Iran’s most decorated maestro.

    Dawn bird, lament!
    Make my brand burn even more.
    With the sparks from your sigh, break
    And turn this cage upside down.

    Shajarian’s virtuoso voice frames an old question. One I’ve heard, it seems, at every Iranian gathering since my childhood. It hangs in the air like a cloud, unanswered, as guests greet each other with customary bowing and rooboosi (cheek kissing). We settle around a table laden with âjil (trail mix), fruit and wine, the smell of saffron rice and ghorme sabzi (herb stew) all around.

    For me, the scene is both familial and familiar. As is the question, which circles back around. “When will this regime change?” someone asks. The “regime” is Nezâm-e Jomhuri-ye Eslâmi-ye Irân, or the Regime of the Islamic Republic of Iran.

    A missing voice

    Since the launch of Israel’s Operation Rising Lion against Iran last week, there has been a voice sometimes missing in the mainstream coverage – that of the Iranian people themselves.

    “Israel is not our enemy, the regime is our enemy,” chant many Iranians in Tehran and in the diaspora, a common sentiment in our community. They cite the regime that they have endured for 46 years since the 1979 Islamic Revolution: a government most of them oppose and reject, with the vast majority of Iranians preferring democratic, if not secular, reform.

    I hear some Iranians, on social media and in conversation with people who live there, commending Israel’s prime minister Benjamin Netanyahu for assassinating Iran’s top military brass. These are the leaders of the Sepah, or the Islamic Revolutionary Guards Corps (IRGC), the most powerful branch of the Iranian Armed Forces. Together with the mullahs – Iran’s Shia Muslim clerical class – they form the backbone of Iran’s government and economy.

    So far, Israel has assassinated Hossein Salami, the head of the Revolutionary Guards, as well as Mohammad Kazemi, its intelligence chief, plus senior nuclear scientists and dozens of other officers. Israel has also indicated an interest in killing Ayatollah Ali Khomenei, Iran’s supreme leader.

    Damet garm, aghayeh Netanyahu,” some Iranians are saying, literally “may your breath be warm”, or “good job, Netanyahu”. Amid the terror and confusion – not to mention the civilian deaths, so far, of over 200 Iranians – there is a rare and distinct sense of hope.

    State of corruption

    In view of Israel’s ongoing campaign in Gaza, this support for Israel may come as a surprise to many Australians, and Western liberals in general. Certainly, reconciling Israel’s role in Gaza versus Iran is jarring.

    But for now, I hear some Iranians saying “maybe our regime can finally be toppled”. Maybe Iran can reclaim its place in the international community, as the proud and prosperous nation it should be? As this crisis escalates, as buildings collapse and distressed Tehranis, including my family, flee the capital for the safety of the countryside, there is a heady sense of possibility.

    Wing-tied nightingale come out of the corner of your cage, and
    Sing the song of freedom for human kind.
    With your fiery breath ignite,
    The breath of this peopled land …

    I understand the allure of this hope; to an extent, I feel it myself. My family lives in Australia, not Iran, precisely because of the Iranian regime’s tyranny. We fled Iran in 1983 due to political persecution, after most of the adults in our extended family were arbitrarily arrested and imprisoned by the government.

    Two of my imprisoned uncles and one of my aunties were executed. Another uncle was beaten to death in custody. My grandfather, a noble old man, was imprisoned and tortured. We were far from unique; during the 1980s, the government imprisoned tens of thousands of its own people, executing many thousands of them.

    Little has changed since then. The Iranian regime and the Revolutionary Guards have shown a pervasive disregard for human rights. They execute more of their own people than any country except China. They are a world leader in the use of torture; they deny freedoms of expression and press, association and assembly; they discriminate against women, girls, religious minorities, LGBTI people, and refugees. Tightly controlled elections ensure the success of desired candidates.

    Freedom House, a nonprofit organisation based in the US, gives Iran a score of 11 out of 100 for its provision of political rights and civil liberties. For many Iranians, it felt overdue when, in 2019, the US listed the Revolutionary Guard as a terrorist organisation, a decision followed by other countries, including Canada and Sweden. In 2023, the European parliament overwhelmingly voted for a resolution to do the same, with calls to expedite this motion in early 2025.

    In parallel to their human rights abuses, the Revolutionary Guard has hobbled the Iranian economy. Their corruption, financial incompetence and operation of black markets have compounded the effects of international sanctions. Consequently, the Iranian rial hit a historic low this year. It is now worth around one twentieth of its value in 2015.

    People’s life savings have dwindled in value, rendering older Iranians financially vulnerable. Inflation was 38.7% in May of this year, down from highs of over 40%. My family in Iran experience this as grocery and commodity prices that may rise in a single day, higher in the afternoon than in the morning. Some cities have experienced water cuts and power outages.

    While it hasn’t yet qualified as a failed state, Iran has been failing.

    All of this has occurred despite the country being richly endowed with the second- and third-highest natural gas and oil reserves in the world, respectively. Iran has a GDP of over $US404 billion – 36th in the world. Its youth are highly educated and literate, with more women enrolled in universities than men.

    Rather than accelerating the nation’s domestic development, however, the Iranian government has by its own admission spent tens of billions of dollars to expand its empire by funding terrorist proxies: Hamas in Palestine, Hezbollah in Lebanon, the recently deposed Assad regime in Syria, and Houthi rebels in Yemen.

    The Iranian people have suffered financially, but the Revolutionary Guards have not. They are estimated to control at least 10%, and up to 50%, of the country’s total economy, including up to an estimated 50% share of Iran’s US$50 billion per year oil profits. They have achieved this by commandeering an industrial empire, made up of hundreds of commercial companies, trusts, subsidiaries and nominally charitable foundations.

    A further US$2 billion or more per year comes from the government’s military budget, with periodic boosts during crises. Add to this the alleged shadowy operation of black markets, extortion, and the smuggling of alcohol, narcotics and weapons, accounting for an estimated US$12 billion per year in revenue.

    Contemplating this corruption, I am reminded of an anecdote from a personal associate who worked for a firm affiliated with the Revolutionary Guard. They shared stories of officers, the nation’s purported “guardians of Islam”, hosting parties where alcohol, firearms and sex workers were readily available.

    My associate recounted several instances of fraud and theft, one of them monumental in scale. In this “tea smuggling scandal”, the Revolutionary Guard defrauded billions of dollars from a government fund by illicitly exchanging some funds on the open market, falsely labelling cheap tea to on-sell as superior quality tea, and falsely labelling domestically produced machinery as “Made in Germany”.

    “They’re untouchable, and they know it”, my associate said. Another Iranian community member described them to me as “Iran’s super-mafia”.

    Speaking to family in Iran, they say many of the middle tier Revolutionary Guards live in their own shahrak-ha (towns) with dedicated markets, schools and resorts. Many of the Guards’ elite, meanwhile, live in mansions in the exclusive parts of north Tehran, with children who pursue conspicuously American “lifestyles of the rich and famous”. For an organisation that leads the chants of “marg bar America!” (death to America), one wonders if they see the irony in this.

    Turn our dark night to dawn

    I find myself sickened by the events of this war, and the harm it is causing. Struck with anxiety, some of our family members in Tehran haven’t slept for days. “The Israeli bombardments are non-stop, and so loud,” one family member told me.

    This week our extended family has struggled frantically to leave Tehran. Petrol is hard to come by and, in a mass exodus, the bumper-to-bumper traffic stands still for hours. I know some of the neighbourhoods being bombed; we lived in one of them in my childhood.

    “For every military commander that’s assassinated, a whole building might collapse, and with a dozen civilians trapped or killed,” another person told me, intimating that the civilian toll is higher than official counts.

    I am also worried about the raised hopes of Iranians. I have seen this before, when a spark – sometimes an inspirational act of courage from an ordinary citizen – leads to public surges in solidarity. At these moments during my childhood, my parents would tell me that the regime’s time was limited, it’s downfall inevitable. Iranians would see better days and people power would prevail.

    Truth and goodness rise like cream, my Dad would say, as if echoing Dr Martin Luther King’s arc of the moral universe bending towards justice.

    A beautiful sentiment no doubt, but one that has become difficult to believe over time. It often appears that the universe’s arc bends towards power, not justice. Fairness seems the exception, hardly the rule. At the time, Dad’s reassurances were protective, even noble. But as the 1979 revolution and its aftermath have shown, might beats right most days of the week.

    The cruelty of the cruel and the tyranny of the hunter
    Have blown away my nest.
    O God, O Heavens, O Nature,
    Turn our dark night to dawn.

    As I explain to Australian friends: how can a people surpass a government that has (1) the military on its side, (2) a stranglehold on oil revenue, and (3) a purported mandate from God?

    Guns, money and a holy book – a hard trifecta to crack, and powerful enough to attract a sufficient minority of cronies, bottom feeders and sycophants.

    What’s the size of this ruling minority? It’s difficult to be sure, but a 2023 survey of 158,000 respondents within Iran found that only 15% supported the Islamic Republic. Small, but sufficient to produce crowds burning American and Israeli flags. I’ve always marvelled at the regime’s ability to manufacture these images; I’m told by associates that they now use AI to produce some of these.

    Women Life Freedom

    As current events unfold, I find myself deeply sceptical of all the political actors, whether Iranian, Israeli, American, Arab or Russian. Since the Islamic revolution in 1979, none of them have shown any serious interest in supporting democratic reform in Iran. “They’ve all profited from this government,” a senior community member told me. “Why would that change now?”

    For the sake of sanity, I find myself searching for credible sources of hope. The only one I settle on is faith in the Iranian people themselves. This the culture that has surrounded me since childhood, the qualities I’ve seen first hand in my countrywomen and men, whether young or old, home or abroad, Muslim, Bahai or secular: a resilience, a resourcefulness, a propensity for joy, a confidence and pride in culture, and an ability to prevail, over and again.

    It’s a new spring, roses are in bloom…
    …O rose, look towards this lover,
    Look again, again, again.

    These qualities are periodically staged for the world to see. Iranian people have not taken their oppression lying down, rising in (mainly) peaceful protests. There have been some 10 mass protests since the inception of the Islamic Republic in 1979. The largest of these was the Green Movement in 2009, when it was estimated that over a million citizens marched in Tehran alone. As recently as May 2025, strikes took place in over 150 cities, involving hundreds of thousands of workers.

    For the most part, these demonstrations have been met with severe repression by state authorities. One episode, from September 2022, deserves special mention. The world watched in horror as the regime cracked down on young women in Iran. This was their response to the Zan Zendegi Azadi (Woman Life Freedom) movement, where mass protests were triggered by the death in custody of Mahsa Jina Amini.

    Amini was a 22-year-old Kurdish-Iranian woman who had been detained by the government’s “Morality Police” for wearing an improper hijab. Three days into her detention she died under suspicious circumstances. A leaked CT scan showed a skull fracture and brain haemorrhage. This corroborated eyewitness accounts that Amini had been severely beaten by police.

    Intentionally or not, a dress code infringement had been punished by death. Even for Iranians long accustomed to state violence, this was too much. Mass protests erupted in more than 100 cities across all of Iran’s 31 provinces.

    The protests were led by women, many of them defiantly removing their headscarves. True to its nature, the regime responded violently. In the months that followed, over 20,000 protesters were imprisoned, many later testifying to having been tortured through electric shock, flogging, waterboarding and rape.

    Human Rights Watch estimates that over 500 civilians – including 68 children and adolescents – were killed by security forces, which included the paramilitary Basijis, Revolutionary Guard Corps, police and prison guards.

    Things would get darker. That December the regime was accused of deliberately poisoning over 1,200 students at Kharazmi and Ark universities on the eve of a planned protest. Soon thereafter, there were allegations of toxic gas attacks against thousands of schoolgirls, in apparent retaliation for removing their hijabs. By 2024, the UN had accused Iran of a coordinated campaign of crimes against humanity, a claim rejected by the regime.

    As an eye surgeon, I was distressed to read a letter signed by over 100 Iranian ophthalmologists detailing eye injuries among protesters. The letter alleged that security forces had deliberately targeted people’s eyes with teargas canisters, rubber bullets and shotgun fire, resulting in traumatic injuries and irreversible blindness among protesters.

    Dew drops are falling from my cloudy eyes
    This cage, like my heart, is narrow and dark.
    O fiery sigh set alight this cage
    O fate, do not pick the flower of my life.

    There were separate reports of women’s faces and genitals being targeted by shotgun fire. The regime appeared to have interfered with medical services: protestors transported to police stations in ambulances were arrested after surgery or denied treatment. Doctors were reportedly coerced to supply false death certificates to disguise the true cause of protestors’ deaths. The British Medical Journal documented healthcare professionals being arrested, intimidated, kidnapped or killed in retaliation for treating protesters.

    If we didn’t know it already, Zan Zendegi Azadi reminded us of the risks, if not futility, of advocating for change in Iran.

    When mass civil movements like this, performed ten times over, have not worked, what alternatives are the people left with? Brutalised and impoverished by their own government, should we be surprised when a traditionally Islamic people welcome a Jewish state’s decapitation of their political leaders? Is it not tempting, even if lazy, to invoke the historical comparison of Cyrus the Great, Persian King of the Achaemenid Empire, who freed the Jewish people from Babylonian captivity?

    For the people of Iran and Israel – at the risk of naivety and romanticism – are we approaching an age of karma?

    O rose, look towards this lover,
    Look again, again, again.
    O heart-lost bird, shorten, shorten, shorten,
    The tale of separation.

    An uncertain scenario

    Regarding Operation Rising Lion, it is safe to say that Iranians, like any healthy community, hold a diversity of views.

    At one end of the spectrum, those who unconditionally condemn Israel’s attack should consider that the Iranian government has stockpiled over 400 kilograms of 60% enriched uranium. While not enough to build a nuclear warhead, this is far more enriched uranium than is needed for peaceful purposes.

    The Iranian government has also vowed to “wipe Israel off the map” for decades. Iran’s Ayatollah Khamenei lauded the October 7 terrorist attack by Hamas on Israeli civilians. In other words, Iran has said to Israel “we want to annihilate you, we’ll celebrate your deaths, and we could do it with nuclear weapons if we wished to”.

    Following Iran’s recent breach of its nonproliferation obligations to the International Atomic Energy Agency, Israel says it has acted lawfully in attacking Iran for self-defense – a claim disputed by some international law experts. Even if one does not agree with Israel’s action, it is evident that they’ve long been baited by Iran.

    On the other side of the coin, Iranians who salute Israel and the US as their saviours should take caution. The US director of national intelligence Tulsi Gabbard declared as recently as March 2025 that there was no evidence that Iran was actively pursuing nuclear weapons, a finding corroborated by over a dozen other US intelligence elements including the CIA, the National Security Agency, and the Insitute for Defense Analyses.

    One cannot ignore the disturbing echoes of the 2003 war on Iraq, where the absence of evidence for weapons of mass destruction was intentionally misrepresented by the US and UK governments. The consequences for Iraq have been disastrous.

    As for Netanyahu and his administration, they have shown a ruthless pursuit of narrow self-interest in Gaza. The deaths and injuries inflicted by the Israeli Defence Forces on more than 50,000 Palestinian children appear to have done nothing to quell their ambitions.

    With regards to Netanyahu himself, he is facing corruption charges that could result in his domestic imprisonment and he has more recently been the subject of an arrest warrant by the International Criminal Court for war crimes, including starvation and murder.

    What can Iranians learn from this? The evidence suggests this could be a war of passion and opportunism for Israel, rather than one of legitimate self-defence. In any case, they are not waging it for the benefit of Iranians.

    Israel has a tendency to set ambitious military goals that it can’t achieve. While it promises Operation Rising Lion will soon end, its track record suggests otherwise.

    A protracted conflict would see Iran’s civilian toll rise much higher. Power outages and fuel shortages have already begun; what happens once water, medical and food scarcity set in? Since Iran doesn’t allow many international aid agencies onto its soil, who will come to the rescue of Iranians as things escalate?

    Truth’s life has come to an end
    Faith and fidelity have been replaced by the shield of war.
    Lover’s lament and beloved’s coyness,
    Are but lies and have no power.

    Even if Israel succeeds in capturing or killing Iran’s supreme leader, Ali Khamenei, what happens next? With the Revolutionary Guard’s roots in place, there is no guarantee, and in fact a low likelihood, of true democratic reform. In recent times, foreign interference in the region has not gone well. Look at Libya, Afghanistan, Iraq and Syria: all evidence of catastrophic worsening after the removal of autocrats.

    This is a complex and uncertain scenario with little room for moral grandstanding. Disabling Iran’s nuclear and ballistic capabilities could be a net win, but the manner in which it is being done sets a dangerous precedent. For the Iranian people, Netanyahu’s ambitions could ultimately prove both heroic and villainous.

    The cup of the rich is full of pure wine,
    Our cup is filled with our heart’s blood.
    O anxious heart, cry out aloud
    And avoid those who have powerful hands.

    As I watch coverage of the war, I find myself drifting back to Shajarian’s voice and to Morq-e Sahar, probably for distraction and comfort. What is real is my faith in my fellow Iranians. Many examples comes to mind. One, during a trip to Iran, was when I stayed with family at a roadhouse. That evening, we heard music emanating from the courtyard and followed some steps into an dark basement beneath the accommodation.

    There we found a large gathering of young Iranians, two dozen or more men and women risking the law by hanging out together to sing. We joined them as strangers, seated on the floor and holding hands at times. In the dim light, the group sang and sang, a couple of them playing instruments.

    I can’t say I knew the songs or comprehended all the lyrics; I didn’t need to, to understand their meaning. You may force our people underground, you may cage them, bombard and even kill them. But you will never extinguish their eternal Persian spirit.

    O rosy-cheeked cup-bearer, give the fiery water,
    Play a joyful tune, O charming friend.
    O sad nightingale lament from your cage.
    Because of your grief my heart is
    Full of sparks, sparks, sparks.

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

    ref. Friday essay: ‘my heart is full of sparks’ – as war escalates, can I hope for Iran’s liberation from a tyrannical regime? – https://theconversation.com/friday-essay-my-heart-is-full-of-sparks-as-war-escalates-can-i-hope-for-irans-liberation-from-a-tyrannical-regime-259275

    MIL OSI – Global Reports

  • MIL-OSI Global: Why Israel — and potentially the U.S. — is sure to encounter the limits of air power in Iran

    Source: The Conversation – Canada – By James Horncastle, Assistant Professor and Edward and Emily McWhinney Professor in International Relations, Simon Fraser University

    As the war between Israel and Iran escalates, Israel is increasing its calls on the United States to become involved in the conflict.

    Former Israeli officials are appearing on U.S. news outlets, exhorting the American public to support Israel’s actions.

    President Donald Trump has signalled a willingness for the U.S. to become involved in the conflict. He’s gone so far, in fact, to suggest in social media posts that he could kill Iran’s supreme leader if he wanted to.

    Segment on Trump’s threats against Iran’s leader. (BBC News)

    The American military could certainly make an impact in any air campaign against Iran. The problem from a military standpoint, however, is that the U.S., based on its forces’ deployment, will almost certainly seek to keep its involvement limited to its air force to avoid another Iraq-like quagmire.

    While doing so could almost certainly disrupt Iran’s nuclear program, it will likely fall short of Israel’s goal of regime change.

    In fact, it could reinforce the Iranian government and draw the U.S. into a costly ground war.




    Read more:
    Why is there so much concern over Iran’s nuclear program? And where could it go from here?


    Israel’s need for American support

    The initial stated reason for Israel’s bombing campaign — Iran’s nuclear capabilities — appears specious at best.

    Israeli Prime Minister Benjamin Netanyahu has argued several times in the past, without evidence, that Iran is close to achieving a nuclear weapon. U.S. intelligence, however, have assessed that Iran is three years away from deploying a nuclear weapon.

    Regardless of the veracity of the claims, Israel initiated the offensive and now requires American support.

    Israel’s need for U.S. assistance rests on two circumstances:

    1. While Israel succeeded in eliminating key figures from the Iranian military in its initial strikes, Iran’s response appears to have exceeded Israel’s expectations with their Arrow missile interceptors nearing depletion.

    2. Israel’s air strikes can only achieve so much in disrupting Iran’s nuclear ambitions. Most analysts note that Israel’s bombings are only likely to delay the Iranian nuclear program by a few months. This is due to the fact that Israeli missiles are incapable of penetrating the Fordow Fuel Enrichment Plant, which estimates place close to 300 feet underground.

    The United States, however, possesses munitions that could damage, or even destroy, the Fordow facility. Most notably, the GBU-57A/B Massive Ordnance Penetrator (more commonly known as a bunker buster) has a penetration capability of 200 feet.

    Multiple strikes by said munition would render Fordow inoperable, if not outright destroyed.

    Romanticizing air power

    The efficacy of air power has been vastly overrated in the popular media and various air forces of the world. Air power is great at disrupting an opponent, but has significant limitations in influencing the outcome of a war.

    Specifically, air power is likely to prove an inadequate tool for one of the supposed Israeli and American objectives in the war: regime change. For air power to be effective at bringing about regime change, it needs to demoralize the Iranian people to the point that they’re willing to oppose their own government.

    Early air enthusiasts believed that a population’s demoralization would be an inevitable consequence of aerial bombardment. Italian general Giulio Douhet, a prominent air power theorist, argued that air power was so mighty that it could destroy cities and demoralize an opponent into surrendering.

    Douhet was correct on the first point. He was wrong on the second.

    Recent history provides evidence. While considerable ink has been spilled to demonstrate the efficacy of air power during the Second World War, close examination of the facts demonstrate that it had a minimal impact. In fact, Allied bombing of German cities in several instances created the opposite effect.

    More recent bombing campaigns replicated this failure. The U.S. bombing of North Vietnam during the Vietnam War did not significantly damage North Vietnamese morale or war effort. NATO’s bombing of Serbia in 1999, likewise, rallied support for the unpopular Slobodan Milosevic due to its perceived injustice — and continues to evoke strong emotions to this day.

    Iran’s political regime may be unpopular with many Iranians, but Israeli and potentially American bombing may shore up support for the Iranian government.

    Nationalism is a potent force, particularly when people are under attack. Israel’s bombing of Iran will rally segments of the population to the government that would otherwise oppose it.

    Few positive options

    The limitations of air power to fuel significant political change in Iran should give Trump pause about intervening in the conflict.

    Some American support, such as providing weapons, is a given due to the close relationship between the U.S. and Israel. But any realization of American and Israeli aspirations of a non-nuclear Iran and a new government will likely require ground forces.

    Recent American experiences in Afghanistan and Iraq show such a ground forces operation won’t lead to the swift victory that Trump desires, but could potentially stretch on for decades.

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

    ref. Why Israel — and potentially the U.S. — is sure to encounter the limits of air power in Iran – https://theconversation.com/why-israel-and-potentially-the-u-s-is-sure-to-encounter-the-limits-of-air-power-in-iran-259348

    MIL OSI – Global Reports

  • MIL-OSI New Zealand: Global survey finds 8 out of 10 people support taxing oil and gas corporations to pay for climate damages

    Source: Oxfam Aotearoa

    A majority of people believe governments must tax oil, gas and coal corporations for climate-related loss and damage, and that their government is not doing enough to counter the influence on politics of the super-rich and polluting industries. These are the key findings of a global survey, which reflects broad consensus across political affiliations, income levels and age groups. Today’s study, which was jointly commissioned by Greenpeace International and Oxfam International, was launched at the Bonn UN climate meetings (SB62 16-26 June), where governments are discussing key climate policy priorities, including ways to mobilize at least US $1.3 trillion annually in climate finance for Global South countries by 2035. The poll was conducted across 13 countries, including most G7 countries. The study, run by Dynata, comes with additional research by Oxfam showing that a polluter profits tax on 590 oil, gas and coal companies could raise up to US $400 billion in its first year. This is equivalent to the estimated annual costs of climate damage in the Global South. Loss and damage costs from climate change to the Global South are estimated to reach between $290bn to $580bn annually by 2030.
    Key findings of the survey include:
    • 81% of people surveyed support new taxes on the oil, coal and gas industry to pay for damages caused by fossil-fuel driven climate disasters like storms, floods, droughts and wildfires.
    • 86% of people in surveyed countries support channelling revenues from higher taxes on oil and gas corporations towards communities who are most impacted by the climate crisis. Climate change is disproportionately hitting people in Global South countries, who are historically least responsible for greenhouse gas emissions.
    • When asked who should be taxed to pay for helping survivors of fossil-fuel driven climate disasters, 66% of people across countries surveyed think it should be oil and gas companies compared to than 5% who support taxes on working people, 9% on goods people buy, and 20% in favour of business taxes.
    • 68% felt that the fossil fuel industry and the super-rich had a negative influence on politics in their country. 77% say they would be more willing to support a political candidate who prioritises taxing the super-rich and the fossil fuel industry. 
    Oxfam’s research finds that 585 of the world’s largest and most polluting fossil fuel companies made $583 billion in profits in 2024, a 68% increase since 2019. The annual emissions of 340 of these corporations (for whom data was available) accounted for over half of global greenhouse gas emissions caused by humans. Their emissions in just one year are enough to cause 2.7 million heat-related deaths over the next century. A polluter profits tax on these companies would ensure that renewable energy is more profitable than fossil fuels, encouraging companies to invest in renewables, as well as avoid more deaths driven by fossil fuelled climate change. This new tax must be accompanied by higher taxes on the super-rich and other polluting companies. Governments should impose such taxes nationally and engage positively at the UN to ensure a fair global tax agreement.
    Nick Henry, Climate Justice Lead for Oxfam Aotearoa, said: “This new poll shows that people support Oxfam’s call for our leaders to make polluting corporations pay for the damage they cause to our climate.”
    “People understand that storms, floods, drought, wildfires, and other extreme weather events are being fuelled by oil and gas corporations. Instead of leaving communities exposed to deal with these devastating costs alone, governments can unlock huge sums of money to invest in climate solutions through making dirty energy companies pay,” said Rebecca Newsom, Global Political Lead for Greenpeace’s Stop Drilling, Start Paying campaign. “The Polluters Pay Pact unites communities on the frontlines of climate disasters, concerned citizens, first responders like firefighters and humanitarian groups around the world to call on politicians to act now through making polluters, not people, pay for climate damages.”  
    Amitabh Behar, Executive Director of Oxfam International, said: “Mega-rich coal, oil and gas companies have known for decades about the damage their polluting products wreak on humanity. Corporations continue to cash in on climate devastation, and their profiteering destroys the lives and livelihoods of millions of women, men and children, predominantly those in the Global South who have done the least to cause the climate crisis. Governments must listen to their people and hold rich polluters responsible for their damages. A new tax on polluting industries could provide immediate and significant support to climate-vulnerable countries and finally incentivise investment in renewables and a just transition.”
    Nick Henry continued: “Rather than subsidising new oil and gas drilling, and fast-tracking coal mines, our Government should be holding fossil fuel companies responsible for the costs facing our communities to adapt to climate change.”
    NOTES:
    • The research was conducted by market research company Dynata in May-June, 2025, in Brazil, Canada, France, Germany, Kenya, Italy, India, Mexico, the Philippines, South Africa, Spain, the UK and the US. Together, these countries represent close to half the world’s population. Results available here.
    • Oxfam’s polluter profits tax model is explained in this blog and methodology note attached. The methodology note also explains the basis for the emissions of fossil fuel companies and their impacts on heat-related deaths. These deaths were calculated on the basis of emissions in 2023. 

    MIL OSI New Zealand News