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Category: India

  • India’s BioE3 policy to spearhead green growth and biomanufacturing revolution

    Source: Government of India

    Source: Government of India (4)

    The Government’s ambitious BioE3 Policy—short for Biotechnology for Economy, Environment & Employment—emerged as the focal point of a high-level joint review meeting of all Science Ministries, chaired by Union Minister Dr. Jitendra Singh. Held in the national capital on Monday, the review convened top scientific officials to evaluate inter-ministerial initiatives and promote a unified, outcome-driven vision in alignment with India’s Vision 2047.

    Approved by the Cabinet in August 2024, the BioE3 Policy is designed to transform India into a global hub for sustainable biomanufacturing by leveraging biotechnology and artificial intelligence. The Minister was informed about the overwhelming response to the policy’s first round of DBT-BIRAC ( Department of Biotechnology- Biotechnology Industry Research Assistance) joint calls, which attracted over 2,000 proposals. Calling it a “national mission,” Dr. Singh emphasized its role in driving green growth, expanding the bioeconomy, and generating employment across sectors.

    The BioE3 framework focuses on five critical domains—Carbon Capture and Utilization, Precision Biotherapeutics, Smart Proteins, Enzymes, and Climate-Resilient Agriculture. Nearly 40% of the selected proposals are being led by startups and private industry through public-private partnership (PPP) models. Academic institutions, meanwhile, are at the forefront of agri-biotech innovations. These initiatives are being supported by the national MoolankurBioEnabler Network, a cutting-edge platform comprising Bio-AI Hubs, biofoundries, and biomanufacturing centers.

    In a strategic move to reverse brain drain, the Minister also reviewed a proposal to introduce 100 post-doctoral fellowships for Indian scientists working abroad. “We must offer meaningful opportunities to attract our talent back,” Dr. Singh stated, underlining the importance of building domestic research capabilities.

    The review also covered developments in India’s energy sector. Officials provided updates on ongoing site assessments in Bihar for new nuclear power plants. These evaluations, focusing on land availability, water resources, seismic stability, and soil conditions, are being conducted in collaboration with state authorities. Final approval will rest with the Atomic Energy Regulatory Board.

    India’s space programme also received significant attention. A recent technological advancement is set to boost the payload capacity of the GSLV Mark-3 rocket by 20%—achieved without structural modifications. Officials further disclosed that a near-crisis during an international satellite launch was averted after a crack in the fuel line was promptly detected and rectified. Dr. Singh lauded the swift action and high level of preparedness demonstrated by the technical teams.

    Preparations are now underway for National Space Day, which will highlight the contributions of India’s thriving space startup ecosystem. Over 300 private firms are expected to participate in live demonstrations and exhibitions, showcasing innovations that are fast becoming integral to India’s space ambitions.

    Educational outreach also featured prominently in the discussions. The Ministry is exploring ways to expand initiatives such as Vigyan Jyoti, which has witnessed growing participation from schoolgirls nationwide. In response to rising interest from students in Classes 6 to 10, efforts are being made to broaden early-stage mentorship and innovation programmes.

    Calling for greater inter-ministerial alignment, Dr. Singh directed departments to channel key proposals through the Office of the Principal Scientific Adviser for better strategic coordination. “We must avoid overlaps and work in unison to achieve national outcomes,” he said.

  • UAE Dispatches Largest Humanitarian Aid Ship to Gaza Amid Deepening Crisis

    Source: Government of India

    Source: Government of India (4)

    The United Arab Emirates has dispatched its largest humanitarian aid ship to Gaza as part of its intensified relief campaign for the embattled region. Departing from Khalifa Port in Abu Dhabi on Monday, the vessel, named the Khalifa Humanitarian Air Ship, is carrying 7,166 tonnes of essential supplies, including food, medical equipment, clean water, and materials for temporary shelter.

    The mission is a major component of the UAE’s ongoing Operation Gallant Knight 3, a comprehensive initiative that has previously delivered assistance via airlifts and land convoys. This maritime shipment marks the country’s largest sea-based aid delivery to date, reinforcing the UAE’s growing role in regional humanitarian efforts. The cargo includes urgently needed medical supplies to alleviate shortages in Gaza’s hospitals, non-perishable food items to combat rising hunger, and shelter materials for families displaced by conflict.

    The ship is bound for Egypt’s Al-Arish port, where its cargo will be offloaded and transported to Gaza through coordinated efforts involving regional authorities and international humanitarian agencies, including the United Nations. These collaborations aim to ensure efficient and equitable distribution to areas most affected by the crisis, where residents face acute food insecurity, limited access to clean water, and overburdened healthcare infrastructure.

    The aid initiative comes amid deteriorating conditions in Gaza, where sustained conflict and economic hardship have severely limited access to basic necessities. International aid organizations have welcomed the UAE’s proactive approach, emphasizing the potential of the latest shipment to bring immediate relief to thousands of families.

  • MIL-OSI Asia-Pac: Monetary Authority takes disciplinary actions against three banks for contraventions of Anti-Money Laundering and Counter-Terrorist Financing Ordinance

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

    The Hong Kong Monetary Authority (HKMA) announced today (July 22) that it had completed investigations and disciplinary proceedings under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Chapter 615 of the Laws of Hong Kong) (AMLO) in relation to three banks: Indian Overseas Bank, Hong Kong Branch (IOBHK), Bank of Communications (Hong Kong) Limited (BCOM(HK)) and Bank of Communications Co., Ltd., Hong Kong Branch (BCOM Hong Kong Branch).

    The Monetary Authority (MA) has: (i) reprimanded IOBHK; (ii) ordered IOBHK to conduct a look-back review of past transactions, and develop and implement a remedial plan to address the contraventions; and (iii) imposed a pecuniary penalty of HK$8,500,000 on IOBHK. Separately, the MA has imposed pecuniary penalties of HK$4,000,000 on BCOM(HK) and HK$3,700,000 on BCOM Hong Kong Branch. Details of the disciplinary actions against each of the three banks are set out in the respective Statements of Disciplinary Action attached.

    The disciplinary actions (Note) follow investigations by the HKMA into the banks’ systems and controls for compliance with the AMLO. The control deficiencies identified related to failures to establish and maintain effective procedures for continuously monitoring business relationships with customers. 

    There were significant deficiencies in IOBHK’s transaction monitoring mechanism and management oversight of the bank’s anti-money laundering and counter-financing of terrorism (AML/CFT) controls.

    The contraventions of BCOM(HK) and BCOM Hong Kong Branch arose from omissions to load certain types of transactions into the transaction monitoring system shared by the two banks, undermining the system’s effectiveness in identifying potentially suspicious activities.

    In deciding the disciplinary actions, the MA has taken into account the relevant circumstances and factors, including:
     

    1. the seriousness of the investigation findings; 
    2. the need to send a clear deterrent message to the three banks and the industry about the importance of having effective controls and procedures to address money laundering and terrorist financing risks; 
    3. where applicable, the remedial measures taken by the banks to address the deficiencies identified; and 
    4. the three banks have no previous disciplinary record in relation to the AMLO and co-operated with the HKMA during the investigations and enforcement proceedings.

    The Executive Director (Enforcement and AML) of the HKMA, Mr Raymond Chan, said, “Effective transaction monitoring enables timely identification and reporting of suspicious transactions and thus is an essential component of banks’ AML/CFT controls. Bank management should ensure that proper transaction monitoring systems and processes are in place and any identified deficiencies are addressed promptly.”

    Relevant links:
    Statement of Disciplinary Action (IOBHK)
    Statement of Disciplinary Action (BCOM(HK))
    Statement of Disciplinary Action (BCOM Hong Kong Branch)

    Note: The disciplinary actions are taken under section 21 of the AMLO. The AMLO imposes customer due diligence and record-keeping requirements on specified financial institutions, including authorized institutions, and designated non-financial businesses and professions. The MA is the relevant authority for authorized institutions under the AMLO.

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: Find “Inspiration” at VDNKh: What New Things the Arts Festival Has in Store

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    Listen to live symphonic music, see productions by theater troupes from around the world, get acquainted with a new interpretation of the classics, and be inspired by great art — all this can be done at VDNKh from July 23 to 27. For the eighth time, the main exhibition of our country is hosting the International Arts Festival “Inspiration”. This year, visitors will enjoy an expanded music program, as well as many theater productions, immersive shows, and performances by artists from Russia, Armenia, Egypt, India, Iran, Italy, China, and Turkey. Admission is free, but pre-registration is required for certain events. The program of festival events at outdoor venues may change depending on weather conditions. Spectators should monitor the weather forecast and dress accordingly.

    The impressive “Statue Opera” project was prepared by VDNKh especially for the festival. The most famous sculptures of the exhibition, which decorate pavilions No. 1, 59, 18 (Belarus), No. 11 (Kazakhstan), No. 66 (Uzbekistan), No. 67 (Karelia), as well as the fountains “Stone Flower” and “Friendship of Nations”, will literally sing for the guests.

    Near each sculpture there is a QR code, by clicking on which you can hear the track. This is a unique opportunity to conduct an audio study of the space where cultural heritage has found a voice.

    A special event of the festival will be a chamber concert by the Honored Artist of Russia, winner and laureate of international competitions Alexander Gindin “Schumann. Schubert. Chopin”The outstanding pianist will perform Arabesque by Robert Schumann, works by Franz Schubert and Franz Liszt, as well as Fantasy-Impromptu, two nocturnes and a scherzo by Frederic Chopin. The concert will take place on July 23 at 19:00 in the House of Culture, it will be a true dedication to the era of romanticism and will give the audience a meeting with the silence and depth of great music.

    One of the main musical events of “Inspiration” will be a large open-air symphony concert “Poetry of the Russian Waltz”. Conductor Ivan Nikiforchin, a rising star of the Russian and world classical music scene, will present a large symphony concert at “Inspiration”, which will feature fragments from the works of great Russian composers – Mikhail Glinka, Pyotr Tchaikovsky, Sergei Prokofiev, Sergei Rachmaninoff, Alexander Glazunov, Aram Khachaturian and Georgy Sviridov. The concert will take place on July 27 at 8:00 pm on Druzhby Narodov Square.

    Theater groups and artists will perform at 10 VDNKh venues, including the Main Alley and the square near the Friendship of Nations fountain, the Worker and Kolkhoz Woman pavilion, and the Slovo Museum of Slavic Literature.

    Among the most striking premieres are a storytelling performance, a street performance on a cube, an immersive performance – “epistolary action”, as well as a production by Turkish director Mehmet Birkje “War and Peace. Chapter 1”.

    The play based on the epic novel by Leo Tolstoy “War and Peace” will be performed on July 23 at 8:00 PM on the legendary stage of the Green Theater. The production by the Turkish director will reveal the great work of the classic in a new way for the audience.

    On July 23 and 24 at 9:30 p.m. on the Central Alley in front of the Lenin monument, a street performance by the Italian circus company Cubo will take place. The colorful show will unfold inside and outside a cube-shaped structure suspended from a crane.

    On July 25 and 26 at 17:00 and 21:00 in the foyer of the House of Culture you can see the plastic performance “E” by the group from Yerevan. The production will combine the beauty of the plasticity of the human body and the skill of puppet theater, telling the story of a lonely man trying to rediscover his essence. The performance is based on Vladimir Nabokov’s story “The Word”.

    The audience will also be able to appreciate the work of young actors from the Nemirovich-Danchenko School-Studio at the Chekhov Moscow Art Theatre. “Morphine” based on the story of the same name by M.A. Bulgakov. This performance about love, which becomes an addiction, the meaning of existence, weakness and destructive force at the same time, will take place at the VDNKh Culture House on July 24 at 19:00.

    On July 23 and 24 at 5:00 PM and 9:00 PM, the House of Culture will host an immersive performance, which involves interaction with the actors. “Red Lantern”This “epistolary action,” as the creators of the play call it, is based on the letters and diaries of the last director of the imperial theaters, Vladimir Telyakovsky, who served in this position for almost 20 years and was dismissed in the spring of 1917.

    And on July 26, the Central Alley will host the storytelling play “VDNKh: People. Time. Events” (directed by Maxim Filatov). Seven real stories of Muscovites formed the basis of the play, masterfully depicting the characters of people, important signs of the era and telling about amazing events that are hard to believe. A group of street musicians will give the play a special atmosphere, and the camera work of Rostislav Litsuk will place the necessary accents and focus the viewer’s attention on the actors’ performance.

    Holding events for VDNKh guests corresponds to the objectives of the national project “Tourism and Hospitality” and is the most important part of the VDNKh strategy until 2030.

    Arts Festival “Inspiration” is being implemented within the framework of the “Summer in Moscow” project.

    Project “Summer in Moscow”— the main event of the season. It brings together the most vibrant events of the capital. Every day, charity, cultural and sports events are held in all districts of the city, most of which are free. The Summer in Moscow project is being held for the second time, and this season will be more eventful: new, original and colorful festivals and events will be added to the traditional ones.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News –

  • MIL-OSI Russia: Polytechnic University and Rossotrudnichestvo held an international chess day

    Translation. Region: Russian Federal

    Source: Peter the Great St. Petersburg Polytechnic University –

    An important disclaimer is at the bottom of this article.

    Peter the Great St. Petersburg Polytechnic University, together with the Rossotrudnichestvo representative office in India, held an educational master class for Indian schoolchildren who are passionate about chess.

    Chess as a physical education discipline appeared at the Polytechnic University in 2021. Every semester, chess classes are attended by more than a hundred first- and second-year students. The Polytechnic University Chess Club, named after a university graduate, the first Soviet world champion, grandmaster Mikhail Botvinnik, regularly holds tournaments, including online ones. Our club’s Interuniversity project is the largest international online tournament among students in the world (more than 1,000 participants from 20 different countries). The Polytechnic University team is the champion of St. Petersburg and Russia in chess, and winners of the All-Russian Summer Universiade. The honor of the team was defended by FIDE masters, international masters, and grandmaster Kirill Alekseenko, who was a contender for the world chess crown at the time of his studies at the Polytechnic University.

    The event, dedicated to the development of Russian-Indian cooperation in the field of education and sports, brought together young chess players from India. The program was rich and informative. Polytechnic University was represented by Pavel Martynov, an international FIDE master and candidate of pedagogical sciences with more than 10 years of experience, speaking via videoconference. He gave the children a remote lecture on how chess develops critical thinking, memory, concentration and strategic planning skills, and shared practical strategies that are useful both at the board and in studies.

    The participants of the master class were shown a film about the Polytechnic University. The schoolchildren learned about the history, traditions, modern scientific achievements and the rich student life of the university. The children were reminded that the legendary Mikhail Botvinnik, the 6th world chess champion, the founder of the Soviet chess school, was a graduate of the Electromechanical Faculty of the Leningrad Polytechnic Institute (now SPbPU) in 1932. This fact aroused keen interest among young Indian chess players, for whom the name Botvinnik is synonymous with chess greatness. The children got acquainted with his biography at a photo exhibition dedicated to outstanding chess players.

    The theoretical part smoothly turned into the practical. Pavel Martynov held a session of simultaneous play with the schoolchildren. The children were able to test their strength and apply some of the ideas they heard in practice.

    “It is a great honor for the Polytechnic University to continue the traditions established by such giants as Mikhail Botvinnik,” noted Pavel Martynov. “We are pleased to have the opportunity to share our developments with young talents of India and strengthen our friendly ties through the universal language of chess. The enthusiasm and level of play of Indian schoolchildren are impressive!”

    The Rossotrudnichestvo Representative Office in India expressed gratitude to SPbPU and personally to Pavel Martynov for organizing and holding a highly professional and educational event that promotes the popularization of the Russian language, Russian education and culture, and also strengthens friendship between the youth of the two countries.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News –

  • MIL-OSI Economics: Samsung Enhances Mumbai Retail Presence with New Premium Experience Store in Andheri West

    Source: Samsung

     
    Samsung, India’s largest consumer electronics brand, has further solidified its premium retail presence with the opening of a new premium experience store at Lotus Trade Centre, Andheri West, Mumbai.
     
    Spanning 1,600 sq. ft., this expansive store serves as a comprehensive destination for customers to explore Samsung’s latest innovations and its seamlessly connected ecosystem, all in one place.
     
    Strategically located in one of Mumbai’s key retail and lifestyle hubs, the store features dedicated zones showcasing Samsung’s full range of Galaxy devices, including the latest smartphones, tablets, laptops, smartwatches, smart rings, and the advanced SmartThings ecosystem. With interactive displays and experiential zones, visitors can discover how Samsung technology enhances productivity, entertainment, wellness, and smart home automation for a truly connected lifestyle.
     
    “At Samsung, we are dedicated to bringing innovation closer to our customers through inspiring retail experiences. The launch of our premium experience store in Andheri West, Mumbai, marks a significant milestone in our journey to expand our premium retail footprint and create holistic, all-in-one destinations for technology, engagement, and service,” said Sumit Walia, Vice President, Head of D2C Business & Corporate Marketing at Samsung India.
     
    As part of Samsung’s flagship ‘Learn @ Samsung’ initiative, the store will host regular workshops focused on AI-powered photography, productivity, creativity, and doodling using Galaxy devices. These workshops aim to empower millennials and Gen Z consumers to maximize their device usage in everyday life. In addition, the store features a full-fledged service centre, ensuring customers receive prompt and reliable post-purchase support.
     
    Through Samsung Store+, a digital interface within the store, customers can seamlessly browse products and arrange home delivery for their selected items. Furthermore, a dedicated service centre within the store ensures enhanced post-purchase support for customers.
     
    To celebrate the launch, customers visiting the Andheri West experience store can enjoy exclusive Paytm First benefits, including:
     

    Special travel and dining offers
    Over 30 free subscriptions across leading OTT, music, wellness, and infotainment platforms
    Exclusive discounts on over 40 brand gift cards and more than 25 top deals from premium brands
    Buy-1-Get-1-Free buffet deals across over 100 premium restaurants nationwide

     
     

    MIL OSI Economics –

  • MIL-OSI Russia: When Nature Meets Art. Exploring the Biocluster Exhibition at VDNKh

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    The first biocluster in Russia has opened at VDNKh — a project of the Timiryazev State Biological Museum. Researcher of the museum’s scientific and exhibition department Danial Yurkevich and head of the public relations department Alexandra Belyaeva told us what served as the starting point of the project, how it will develop and what exhibits can be seen right now.

    Living and nonliving

    The first site of the biocluster was pavilion No. 29 “Floriculture and landscaping”. Now there is an exhibition “Morphogenesis. Third nature”, where contemporary art is intertwined with the world of living nature. Dmitry Kawarga, Oleg Makarov, Aristarkh Chernyshev and Olga Bozhko provided their works for it.

    Each terrarium is a unique world, which the museum has populated with various living creatures. The authors did not explain what kind of plot this or that work reveals, allowing the viewer to come up with their own association or even a whole story.

    One of my favorite installations gives me the creeps. Quite a dark picture: skulls made with 3D printing, and fiery Madagascar cockroaches crawling on them. Everyone knows the expression about cockroaches in the head, which means that every person has their own oddities. I think this work perfectly illustrates it. Danial Yurkevich Researcher, Scientific and Exhibition Department, Timiryazev State Biological Museum

    In the adjacent terrarium, an Indian tiger tarantula is spinning its web. Thanks to it, the plastic sculpture with silicone elements dripping down, as if growing from underground, looks quite alien – and therefore attractive.

    “It’s a smooth transition from something anthropogenic, created by man, to something more natural, created by wild nature,” added Danial Yurkevich. “We’re interested in what it will look like when there are even more webs.”

    A certain science fiction plot unfolds in the terrarium with trilobite beetles. They boldly explore a 3D-printed spaceship and seem to be studying mini-astronauts who crashed on an alien planet. “The beetles look like huge monsters compared to the little people, but in fact they are extremely peaceful creatures and do not pose any danger to us,” emphasized Danial Yurkevich.

    Another story about a spaceship crash is embodied with the help of other insects — the spectacular Congolese bordered bronze beetles. Here Dmitry Kawarga decided to add a bit of drama and left one of the mini-astronauts hanging on parachute straps. Initially, the ship was supposed to stand on the ground, but then the artist included wooden elements in the installation, which the ship got caught on. The insects loved both wood and plastic equally.

    Another terrarium is inhabited by Indonesian stick insects. In combination with the elongated sculptures they share, the insects do not seem to be alive, they are easily mistaken for branches. Thus, they become one with the structure, which looks like a bizarre mechanism: it is made entirely of wood, but the paint in some places turns it into metal.

    Plants, sculptures, interactive

    In addition to terrariums, the exhibition also features larger exhibits — biomorphic sculptures. They could easily decorate a post-apocalyptic world: destroyed transport, disjointed metal structures.

    They are installed surrounded by exotic plants, of which there are more than a thousand. They were provided not only by the Timiryazev State Biological Museum, but also by its friends — the Tsitsin State Biological Garden of the Russian Academy of Sciences and the Tsaritsyno Museum-Reserve. Guests can see aglaonemas, cycads, philodendrons, dracaenas and much more.

    The exhibition is complemented by a spatial sound composition by Oleg Makarov. “Soundflowers” is a sound abstraction inspired by the processes of flowering – from buds to fruit ovaries. Time flows much faster in sound flowers than in biological ones: flowering can take place in just a few seconds. Such speed gives listeners the opportunity to hear dozens of different soundflowers during their visit.

    The program also includes film screenings, lectures, and family master classes, where anyone can learn, for example, how to cook “soil porridge.”

    Our scientific programs are the legacy of the museum’s historical traditions, rethought in line with modern trends. We open the way for visitors to new knowledge and ideas about life and nature. Alexandra Belyaeva, Head of Public Relations, K.A. Timiryazev State Biological Museum

    The exhibition “Morphogenesis. Third Nature” is temporary and will run until November 2025. After that, the pavilion will undergo a major re-exposition, which will result in a permanent exhibition opening here.

    Other sites

    During the year, four more biocluster sites will be created at VDNKh. Its center will be pavilion No. 312 — all aspects of biology will be discussed here. It is currently in the process of development.

    Pavilion No. 28 “Beekeeping” will be dedicated to the life of insects. The country’s first entomological laboratory will be open here – guests will be able to test all the knowledge they have acquired in practice: the latest equipment will be available to them for this purpose. In Pavilion No. 17, the “World of Dinosaurs” will be recreated – for those interested in prehistoric lizards and the natural landscapes of the Mesozoic era.

    In addition, pavilion No. 31 “Geology” will also become part of the biocluster. In 2022, the exhibition “12 Signs of Life” opened there, which began the development of the museum’s new strategy.

    Online tour of pavilion No. 31 “Geology” at VDNKhFor Environmental Education Day: Where at VDNKh you can get to know the natural world

    “By creating a biocluster, we set you the task of not only opening a new pavilion or exhibition, but also allowing you to look at modern biology from a different perspective. In each pavilion, visitors will be able to see a modern scientific and educational exhibition dedicated to a specific section of biology. For each point of the biocluster, we have prepared unique programs and excursions,” emphasized Alexandra Belyaeva.

    An audio guide and a mobile application are also being developed specifically for the biocluster – with their help, guests will find it easier to navigate and gain new knowledge.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • Venus Williams makes winning return after 16-month layoff

    Source: Government of India

    Source: Government of India (2)

    enus Williams enjoyed a winning return to tennis after more than a year away from the game as the 45-year-old American teamed up with compatriot Hailey Baptiste to win their round of 16 women’s doubles tie at the Washington Open on Monday.

    The seven-times Grand Slam singles champion had not played a competitive match in 16 months, with her last appearance on the WTA Tour coming at the Miami Open in March last year.

    Williams and Baptiste beat Eugenie Bouchard and Clervie Ngounoue 6-3 6-1 to reach the quarter-finals in Washington, and the former world number one said if felt “inspiring” to be back on court.

    “It wasn’t easy for us but we brought it together quickly as a team. I love this game and still hitting it big,” Williams told Sky Sports.

    Williams enjoyed playing with 23-year-old Baptiste so much she joked that she should have teamed up with her years ago instead of playing with her younger sister Serena, who she won 14 Grand Slam doubles titles with.

    “I could see that we were going to be a good team. We just should have started playing earlier, years ago, right?” she said. “I think Serena was just in the way.”

    (Reuters)

  • Alcaraz joins list of marquee withdrawals from Canadian Open

    Source: Government of India

    Source: Government of India (2)

    orld number two Carlos Alcaraz has joined the list of big names skipping next week’s Canadian Open in Toronto with the Spaniard saying he needs to focus on recovering from muscle issues after losing to Jannik Sinner in the Wimbledon final.

    The 22-year-old won the Italian Open, French Open and Queen’s Club titles before Sinner brought his 24-match winning streak to a halt at the All England Club earlier this month.

    “After many consecutive weeks of competition without rest, I will not be able to play in Toronto this year,” the five-times Grand Slam champion wrote on social media on Monday.

    “I have small muscle issues and need to recover physically and mentally for what comes next. To the tournament and my fans in Canada I am very sorry, I will see you next year.”

    The U.S. Open tune-up event will now be without four of the world’s top six men’s players after Sinner, Novak Djokovic and Jack Draper also opted out.

    World number one Sinner said he needed to prioritise his health, number five Draper is out with an arm injury and number six Djokovic is dealing with a groin problem that he sustained during his run to the Wimbledon semi-finals.

    The Canadian Open starts on Sunday and runs until August 7.

    The U.S. Open begins on August 24.

    (Reuters)

     

  • Liam Dawson back in England team after eight-year absence for fourth test vs India

    Source: Government of India

    Source: Government of India (2)

    ngland’s Liam Dawson has been named in the team to play India in the fourth test of the series at Old Trafford, England’s cricket board (ECB) announced on Monday, marking the spinner’s first test appearance in eight years.

    The 35-year-old Hampshire left-armer, who replaces the injured Shoaib Bashir, is the only change to the team for the fourth test which begins on Wednesday. Dawson has not played a test match since earning his third test cap in July 2017.

    Dawson, an unused member of the 2019 World Cup winning squad, did feature in the Twenty20 series against West Indies in June.

    Bashir suffered a fracture to his finger during the third test at Lord’s, which England won by 22 runs to take a 2-1 lead, leaving them one victory away from clinching their first five-match series win since 2018.

    England team:

    Zak Crawley, Ben Duckett, Ollie Pope, Joe Root, Harry Brook, Ben Stokes (captain), Jamie Smith (wicketkeeper), Liam Dawson, Chris Woakes, Brydon Carse, Jofra Archer.

    (Reuters)

  • PM Modi wishes good health to Jagdeep Dhankhar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday wished Jagdeep Dhankhar good health following his resignation as the Vice President of India.

    In a post on X, PM Modi said, “Shri Jagdeep Dhankhar Ji has got many opportunities to serve our country in various capacities, including as the Vice President of India. Wishing him good health.

    On Monday, Vice President Dhankhar resigned from the office, citing health concerns and medical advice.

    In his resignation letter to President Droupadi Murmu, Dhankhar said, “To prioritise health care and abide by medical advice, I hereby resign as the Vice President of India, effective immediately.”

    The 72-year-old, who also served as Chairman of the Rajya Sabha, expressed gratitude to the President for her “unwavering support” and the “wonderfully harmonious working relationship” they shared during his tenure.

    Thanking Prime Minister Narendra Modi and the Council of Ministers, Dhankhar said, “Prime Minister’s cooperation and support have been invaluable, and I have learned much during my time in office.”

    He also acknowledged the trust and warmth extended by Members of Parliament, calling it a “cherished memory.”

    Reflecting on his time in office, Dhankhar said it had been a privilege to witness India’s economic growth and transformation. “Serving in this transformative era of our nation’s history has been a true honour,” he noted. “As I leave this esteemed office, I am filled with pride in Bharat’s global rise and phenomenal achievements and hold unwavering confidence in her brilliant future.”

    Dhankhar’s resignation came on the first day of the Monsoon Session of Parliament.

  • MIL-OSI: Bispecific Antibodies Market Set to Surge to $163.15 Billion by 2032, Driven by a Robust 40.1% CAGR | Roche, Amgen, and Johnson & Johnson at the Forefront: AnalystView Market Insights

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, USA, July 22, 2025 (GLOBE NEWSWIRE) — The global bispecific antibodies market is witnessing a transformative surge, projected to grow at an impressive compound annual growth rate (CAGR) of 40.10%, reaching a valuation of approximately USD 163,149.35 million by 2032. This extraordinary growth is propelled by the increasing adoption of bispecific antibody therapies in oncology and immunology, groundbreaking clinical outcomes, and robust R&D investments aimed at next-generation biologics.

    Bispecific antibodies are bioengineered molecules designed to simultaneously recognize and bind to two different antigens or epitopes. Unlike monoclonal antibodies that target a single antigen, bispecific antibodies can link a disease-related antigen (such as one found on cancer cells) to another molecule—often a T-cell—thus redirecting immune cells to attack malignant tissues with heightened precision. This dual-binding capability is unlocking new therapeutic possibilities in cancer, autoimmune diseases, and infectious diseases. As of 2024, over 300 bispecific antibodies are in global clinical development, with 14 already approved by the U.S. FDA, reflecting the sector’s rapid growth and clinical validation.

    Download Free Sample Report PDF @  https://www.analystviewmarketinsights.com/request_sample/AV4090 

    Global Bispecific Antibodies Market Key Players- Detailed Competitive Insights

    • Amgen
    • Genentech
    • Akeso, Inc.
    • Taisho Pharmaceutical
    • Janssen
    • Immunocore
    • Adimab, Innovent Biologics, Inc.
    • AstraZeneca
    • Affimed GmbH
    • Xencor
    • F. Hoffmann-La Roche Ltd.
    • Sanofi
    • Regeneron Pharmaceuticals Inc.
    • Pieris Pharmaceuticals, Inc.
    • Eli Lilly
    • Mereo BioPharma Group plc
    • Merus
    • MacroGenics, Inc.
    • Sobi, TG Therapeutics Inc.
    • Genmab A/S
    • Alteogen
    • Emergent BioSolutions Inc.
    • Novartis AG
    • Astellas Pharma Inc.
    • Celgene Corporation
    • Others

    Market Drivers

    1. Increasing Cancer Prevalence Globally
    Cancer remains a global health crisis, with the World Health Organization (WHO) estimating around 19.3 million new cancer cases and nearly 10 million deaths in 2023 alone. Traditional therapies are often limited by poor specificity and severe side effects, which have shifted the focus toward more targeted modalities, such as bispecific antibodies. Their unique mechanism allows precise tumor targeting while preserving healthy tissues, making them a preferred choice for next-gen cancer therapies.

    2. Regulatory Approvals and Accelerated Development Pathways
    The U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) have actively supported innovative antibody therapeutics. Between 2022 and 2024, the FDA approved six bispecific antibodies, a testament to their growing clinical value. Regulatory agencies are also introducing expedited pathways for breakthrough therapies, speeding up market entry for promising candidates.

    3. Rising Investments in Immunotherapy and Biologics
    Governments and private players are significantly boosting funding for immunotherapy research. For instance, the U.S. National Cancer Institute (NCI) allocated over USD 15 billion toward cancer research in 2023, a portion of which is directed toward the development of targeted therapies, including bispecific antibodies. This capital influx is catalyzing clinical trials, molecule discovery, and scalable manufacturing solutions.

    Market Challenges

    Despite the optimistic trajectory, the bispecific antibodies market faces notable challenges:

    • Complex Manufacturing: Producing bispecific antibodies involves intricate processes, such as protein folding and stability optimization, which increase production time and cost.
    • High Development Costs: The R&D cycle for bispecific therapies is long and resource-intensive, often requiring large-scale trials and advanced biotechnological platforms.
    • Immunogenicity Risks: Some bispecific formats can trigger unwanted immune responses, complicating their clinical profiles.

    Nonetheless, advances in antibody engineering, such as the development of Fc-engineered antibodies and T-cell engaging bispecifics (BiTEs), are helping overcome these limitations.

    Regional Insights

    North America is poised to maintain a dominant position in the global bispecific antibodies market. Its leadership is driven by:

    • A well-established biotech and pharma industry.
    • Substantial government and private R&D investments.
    • Early and streamlined regulatory approvals.

    In 2023 alone, the U.S. government dedicated nearly USD 7.9 billion toward cancer research, a portion of which supports novel antibody-based treatments. Moreover, the presence of major biopharmaceutical companies and academic research centers ensures rapid clinical development.

    Asia-Pacific, on the other hand, is anticipated to experience the fastest growth rate. Countries such as China, India, and South Korea are:

    • Increasing healthcare expenditures.
    • Encouraging local biotech innovation.
    • Expanding access to clinical trials and biologic therapies.

    China, for example, is investing heavily in biologics manufacturing capabilities and has introduced supportive regulations for fast-track drug approval, which will likely make the region a future hub for bispecific antibody development.

    TABLE OF CONTENT

    1. Bispecific Antibodies Market Overview
    1.1. Study Scope
    1.2. Market Estimation Years
    2. Executive Summary
    2.1. Market Snippet
    2.1.1. Bispecific Antibodies Market Snippet by Drug Type
    2.1.2. Bispecific Antibodies Market Snippet by Indication
    2.1.3. Bispecific Antibodies Market Snippet by Distribution Channel
    2.1.4. Bispecific Antibodies Market Snippet by Country
    2.1.5. Bispecific Antibodies Market Snippet by Region
    2.2. Competitive Insights
    3. Bispecific Antibodies Key Market Trends
    3.1. Bispecific Antibodies Market Drivers
    3.1.1. Impact Analysis of Market Drivers
    3.2. Bispecific Antibodies Market Restraints
    3.2.1. Impact Analysis of Market Restraints
    3.3. Bispecific Antibodies Market Opportunities
    3.4. Bispecific Antibodies Market Future Trends……

    Get a detailed analysis on regions, market segments, customer landscape, and companies@ https://www.analystviewmarketinsights.com/reports/report-highlight-bispecific-antibodies-market

    Market Segmentation by Indication

    The bispecific antibodies market is segmented by application into:

    • Cancer
    • Autoimmune and Inflammatory Disorders
    • Others

    Among these, the oncology segment is forecasted to command the largest share throughout the forecast period. As of March 2025, over 650 bispecific antibodies are in clinical development globally—nearly all focused on oncology applications, and nine of the 11 bispecifics approved since 2021 target cancer, representing over 80% of recent regulatory approvals.

    Competitive Landscape & Innovation Strategies

    The bispecific antibody space is rapidly evolving with heightened competition among biotech giants and emerging players. Leading companies are prioritizing:

    • Next-generation platforms for greater safety, flexibility, and efficacy.
    • Strategic collaborations and licensing deals to expand pipeline access.
    • Geographic expansion into emerging economies with rising healthcare demands.

    Biotech firms are utilizing AI-driven drug discovery, cell-line optimization, and novel bispecific formats (like dual-variable domain antibodies and knob-into-hole technologies) to advance their products. Some players are also entering into co-development agreements to reduce costs and accelerate regulatory milestones.

    Future Outlook

    The bispecific antibodies market is positioned at the forefront of immunotherapeutic innovation. With strong clinical potential, increasing funding, and a favorable regulatory climate, the sector is expected to witness substantial growth through 2032. As manufacturing bottlenecks are resolved and newer formats with improved safety emerge, bispecific antibodies will likely become standard components of combination therapies in oncology and immune-related disorders.

    In conclusion, the bispecific antibodies market offers immense opportunities for stakeholders across biotechnology, healthcare, and investment sectors. Its rapid evolution signals a paradigm shift in how complex diseases are treated, ushering in a new era of precision medicine.

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  • How did a Bangladesh air force fighter jet crash into a school campus?

    Source: Government of India

    Source: Government of India (4)

    At least 25 children were among the 27 people killed when a Bangladesh Air Force plane crashed into a college and school campus in the capital city of Dhaka on Monday.

    Here is a look at what happened.

    HOW DID THE CRASH OCCUR?

    The fighter aircraft took off at 1:06 p.m. (0706 GMT) from the air force base in Dhaka’s Kurmitola for a routine training mission, but experienced a mechanical failure soon after.

    The pilot attempted to divert the aircraft away from densely populated areas to minimize civilian casualties and damage, but his efforts were unsuccessful and the jet crashed into a building.

    WHERE DID THE PLANE GO DOWN?

    The two-storey building that the plane rammed into belonged to the Milestone School and College in Dhaka’s Diabari area, located about 10 kilometres (six miles) from the air force base.

    Visuals from the scene showed the mangled remains of the aircraft dented into the side of the building, dismantling its iron grills and creating a gaping hole in the structure.

    HOW MANY PEOPLE WERE KILLED?

    The bodies of at least 27 people, including 25 children, a teacher, and the jet’s pilot, were pulled out from the debris.

    More than 100 children and 15 other people were also injured, of whom 78 are still admitted in hospitals with burn injuries.

    WHICH AIRCRAFT WAS INVOLVED IN THE INCIDENT?

    The jet was an F-7 fighter aircraft – the final and most advanced variant in China’s Chengdu J-7/F-7 aircraft family, according to Jane’s Information Group.

    Bangladesh had signed a contract in 2011 for 16 such planes, and deliveries were completed by 2013.

    HOW HAVE AUTHORITIES REACTED?

    The Bangladesh Air Force has formed a high-level investigation committee to probe the cause of the accident.

    Muhammad Yunus, the head of the country’s interim government, has also vowed to “take all necessary measures” to investigate its cause.

    In the meantime, the government says it is providing “all kinds of assistance” to those affected.

    (Reuters)

  • It was really possible with his vision: TVS MD on PM Modi’s idea of introducing motorcycle racing in Kutch

    Source: Government of India

    Source: Government of India (4)

    TVS Motor Company Managing Director Sudarshan Venu has credited Prime Minister Narendra Modi for providing a visionary boost to tourism in Gujarat’s Kutch region by encouraging the concept of motorcycle racing.

    According to Venu, the initiative helped transform the desert expanse into a magnet for motor enthusiasts and tourists alike.

    While sharing his experience with the ‘Modi Story’, Venu recalled a conversation he had with the Prime Minister that led to the bold idea of combining motorcycle sport with tourism in Kutch.

    “I was fortunate to talk to him a bit about what we are doing on racing. And he said you must develop tourism in India, and use these opportunities for that, and do something in Kutch during the Kutch festival. And we got hundreds of riders to ride there, to do stunt shows, to engage with the local community, but also to get riders from all parts to come there and see what Kutch is, a really beautiful place, and to expose everybody to that, and to further the brand of India in India and abroad,” Venu said.

    “It creates a sense of confidence, a sense of exploration, and a sense of fun, and this was really possible with PM Modi’s vision,” he added.

    Praising the Prime Minister’s wide-ranging influence on Indian industry, Venu added, “On the other hand, you also see him (addressing) tangible issues, how do we make in India, how do we design in India? How do MSMEs prosper? So at multiple levels, he is able to connect with people and give them ideas and inspire them to do better. That is really important. So I really cherish these ideas and try to implement them.”

    Earlier on Sunday, Prime Minister Modi met with Sudarshan Venu and Venu Srinivasan, Chairman Emeritus of TVS Motor Company.

    During the meeting, they presented the Prime Minister with the TVSM x Rann Utsav 2025 Coffee Table Book, which showcases the beauty of Kutch and the synergy between motorsports and regional tourism.

    “Glad to have met Shri Venu Srinivasan Ji and Mr. Sudarshan Venu. I commend them for the effort to chronicle the beauty of Kutch and also encourage motorcyclists to go there,” PM Modi wrote in a post on X following the meeting.

    TVS’s motorcycle racing initiative in Kutch has now become a case study in how motorsports and festivals can come together to create lasting tourism value, all driven by the Prime Minister’s vision of showcasing India’s diverse landscapes and talent.

    (IANS)

  • Heavy rain to lash Nilgiris, Coimbatore; Chennai to see dip in temperature

    Source: Government of India

    Source: Government of India (4)

    Heavy rain is expected to lash the Nilgiris district and the Ghat areas of Coimbatore district, with the Regional Meteorological Centre (RMC) forecasting intense rainfall activity at isolated locations on Tuesday.

    The warning comes as Tamil Nadu continues to witness a change in weather patterns driven by an upper-air cyclonic circulation over the Bay of Bengal.

    According to the RMC, the cyclonic circulation lies over south Odisha and extends up to 5.8 km above mean sea level, tilting southeastward with height. This system, which initially stretched from south Odisha to north coastal Andhra Pradesh, is influencing widespread weather activity across Tamil Nadu and Puducherry.

    In Chennai, a dip in temperature was recorded after widespread drizzle and overcast skies on Monday.

    Nungambakkam recorded a maximum temperature of 31.3 degrees Celsius, marking a departure of 4.2 degrees from the normal, while Meenambakkam recorded 31.7 degrees, with a deviation of 3.9 degrees from the usual maximum.

    The weather department has predicted partly cloudy skies for Chennai on Tuesday, with light showers likely in some parts of the city and suburbs.

    Thunderstorms and lightning are also expected at a few places across Tamil Nadu and Puducherry, along with wind speeds reaching 40–50 kmph in some areas.

    The forecast indicates that light to moderate rain is likely at isolated places across Tamil Nadu and Puducherry till July 27.

    The temperature in Chennai is expected to remain between 32-35 degrees Celsius during the day and around 26-28 degrees Celsius at night for the next five days.

    Thanjavur recorded the highest maximum temperature in the state at 38 degrees Celsius on Monday, while Karur Paramathi reported the lowest minimum temperature at 21 degrees Celsius among the plains. Meanwhile, Chennai has received 19.8 cm of rainfall from June 1 to July 21 this year — significantly higher than the normal average of 13.17 cm for the same period, according to RMC data.

    (IANS)

  • UAE Introduces Sugar-Based Tax on Sweetened Beverages to Promote Healthier Choices

    Source: Government of India

    Source: Government of India (4)

    The United Arab Emirates (UAE) is set to implement a paradigm shift in its policy regarding excise tax on sugar-sweetened beverages (SSBs) from January 2026, announced the Ministry of Finance and Federal Tax Authority (FTA) .The new rule will shift from a flat 50% tax rate to a tiered volumetric model, where the tax per liter is directly linked to the sugar content per 100ml of a beverage. This move aims to reduce sugar consumption, promote healthier dietary habits, and combat lifestyle-related diseases such as obesity and Type 2 diabetes.

    Under the current system, introduced in 2017 and expanded in 2019, all sweetened beverages—including carbonated drinks, energy drinks, and products with added sugars or sweeteners, are subject to a uniform 50% excise tax. The new tiered system will impose higher taxes on beverages with greater sugar content, incentivizing manufacturers to reformulate their products to lower sugar levels. “The updated mechanism encourages manufacturers to reduce added sugars and empowers consumers to make more informed dietary choices,” the Ministry of Finance stated.

    Health experts have praised the initiative as a significant step toward addressing public health challenges in the UAE, where the prevalence of diabetes among adults is approximately 20.7%, according to 2024 statistics from the International Diabetes Federation. This policy is commendable in the fight against obesity, metabolic syndrome, and Type 2 diabetes.”The policy aligns with the UAE’s broader health strategy and sustainable development goals, developed in coordination with the Ministry of Health and Prevention.The UAE’s innovative approach to taxing sweetened beverages based on sugar content positions the country as a leader in using fiscal policy to drive public health outcomes, with potential ripple effects across the region.

     

  • Heavy rain triggers flood-like situation in J&K’s Rajouri; schools closed

    Source: Government of India

    Source: Government of India (4)

    A flood-like situation has developed in Jammu and Kashmir’s Rajouri district after the Dharhali and Saktoh rivers swelled significantly due to incessant rainfall, officials said on Tuesday.

    As a precautionary measure, the Rajouri District Administration has ordered the closure of all government and private schools across the district for the day.

    Authorities are closely monitoring the situation as continuous downpours have led to waterlogging and disrupted daily life, particularly in several low-lying areas. No casualties or major damage have been reported so far.

    In response to the weather-induced challenges, the Border Roads Organisation (BRO) has intensified road construction activities in the hilly Pir Panjal region of Rajouri to enhance connectivity and address waterlogging issues in towns such as Kotranka, Samote, and Budhal.

    “Wherever waterlogging is an issue, especially in market areas, we are constructing concrete pavements,” said Sanjay Sharma, a BRO engineer. “Drains in these markets often clog, causing water to overflow onto roads. We have now covered those areas with concrete pavements and are also repairing damaged road sections,” he added.

    Sharma noted that the initiative is aimed at ensuring smoother travel, reducing disruptions, and improving road safety. Regular maintenance work is ongoing to sustain the improvements.

    (ANI)

     

  • Heavy rain triggers flood-like situation in J&K’s Rajouri; schools closed

    Source: Government of India

    Source: Government of India (4)

    A flood-like situation has developed in Jammu and Kashmir’s Rajouri district after the Dharhali and Saktoh rivers swelled significantly due to incessant rainfall, officials said on Tuesday.

    As a precautionary measure, the Rajouri District Administration has ordered the closure of all government and private schools across the district for the day.

    Authorities are closely monitoring the situation as continuous downpours have led to waterlogging and disrupted daily life, particularly in several low-lying areas. No casualties or major damage have been reported so far.

    In response to the weather-induced challenges, the Border Roads Organisation (BRO) has intensified road construction activities in the hilly Pir Panjal region of Rajouri to enhance connectivity and address waterlogging issues in towns such as Kotranka, Samote, and Budhal.

    “Wherever waterlogging is an issue, especially in market areas, we are constructing concrete pavements,” said Sanjay Sharma, a BRO engineer. “Drains in these markets often clog, causing water to overflow onto roads. We have now covered those areas with concrete pavements and are also repairing damaged road sections,” he added.

    Sharma noted that the initiative is aimed at ensuring smoother travel, reducing disruptions, and improving road safety. Regular maintenance work is ongoing to sustain the improvements.

    (ANI)

     

  • Heavy rain triggers flood-like situation in J&K’s Rajouri; schools closed

    Source: Government of India

    Source: Government of India (4)

    A flood-like situation has developed in Jammu and Kashmir’s Rajouri district after the Dharhali and Saktoh rivers swelled significantly due to incessant rainfall, officials said on Tuesday.

    As a precautionary measure, the Rajouri District Administration has ordered the closure of all government and private schools across the district for the day.

    Authorities are closely monitoring the situation as continuous downpours have led to waterlogging and disrupted daily life, particularly in several low-lying areas. No casualties or major damage have been reported so far.

    In response to the weather-induced challenges, the Border Roads Organisation (BRO) has intensified road construction activities in the hilly Pir Panjal region of Rajouri to enhance connectivity and address waterlogging issues in towns such as Kotranka, Samote, and Budhal.

    “Wherever waterlogging is an issue, especially in market areas, we are constructing concrete pavements,” said Sanjay Sharma, a BRO engineer. “Drains in these markets often clog, causing water to overflow onto roads. We have now covered those areas with concrete pavements and are also repairing damaged road sections,” he added.

    Sharma noted that the initiative is aimed at ensuring smoother travel, reducing disruptions, and improving road safety. Regular maintenance work is ongoing to sustain the improvements.

    (ANI)

     

  • Parliament passes ‘Bills of Lading, 2025’ to modernize maritime law in India

    Source: Government of India

    Source: Government of India (4)

    In a landmark development for India’s maritime sector, Parliament on Monday passed the Bills of Lading, 2025, replacing the 169-year-old colonial-era Indian Bills of Lading Act, 1856. The Rajya Sabha cleared the bill on the first day of the Monsoon Session, following its earlier passage in the Lok Sabha in March 2025. The bill now awaits Presidential assent before becoming law.

    Tabled by Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal, the bill marks a significant step in India’s efforts to overhaul outdated legal frameworks and align them with contemporary global standards. Once enacted, the legislation will simplify maritime shipping documentation in India, making it more transparent, efficient, and in tune with international trade practices.

    Speaking in the Rajya Sabha, Minister Sonowal emphasized that the reform is part of the government’s broader mission to build a “Viksit Bharat” by 2047, as envisioned by Prime Minister Narendra Modi. “This vision is not merely aspirational; it is a call to action, urging us to align our efforts and aspirations with the promise of a new and prosperous Bharat,” he said.

    The Bills of Lading, 2025 introduces modern, business-friendly terminology and streamlines the rights and obligations of carriers, shippers, and lawful holders. It aims to reduce ambiguity in shipping documentation, minimize litigation risks, and strengthen India’s position in global trade by adopting internationally recognized norms.

    The new legislation also features simplified legal language and restructures complex provisions. It includes an enabling clause empowering the Central Government to issue directives for effective implementation. A standard repeal and saving clause ensures that all past actions under the old Act remain valid, maintaining legal continuity.

    Minister Sonowal described the passage of the bill as a decisive move away from colonial legacies and toward a legal system that reflects India’s constitutional values and current economic aspirations. “As we reflect on the 76th year since the adoption of the Indian Constitution, it is the perfect moment to cast aside the remnants of colonial and pre-constitutional legacies that hinder our progress,” he said.

  • Parliament passes ‘Bills of Lading, 2025’ to modernize maritime law in India

    Source: Government of India

    Source: Government of India (4)

    In a landmark development for India’s maritime sector, Parliament on Monday passed the Bills of Lading, 2025, replacing the 169-year-old colonial-era Indian Bills of Lading Act, 1856. The Rajya Sabha cleared the bill on the first day of the Monsoon Session, following its earlier passage in the Lok Sabha in March 2025. The bill now awaits Presidential assent before becoming law.

    Tabled by Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal, the bill marks a significant step in India’s efforts to overhaul outdated legal frameworks and align them with contemporary global standards. Once enacted, the legislation will simplify maritime shipping documentation in India, making it more transparent, efficient, and in tune with international trade practices.

    Speaking in the Rajya Sabha, Minister Sonowal emphasized that the reform is part of the government’s broader mission to build a “Viksit Bharat” by 2047, as envisioned by Prime Minister Narendra Modi. “This vision is not merely aspirational; it is a call to action, urging us to align our efforts and aspirations with the promise of a new and prosperous Bharat,” he said.

    The Bills of Lading, 2025 introduces modern, business-friendly terminology and streamlines the rights and obligations of carriers, shippers, and lawful holders. It aims to reduce ambiguity in shipping documentation, minimize litigation risks, and strengthen India’s position in global trade by adopting internationally recognized norms.

    The new legislation also features simplified legal language and restructures complex provisions. It includes an enabling clause empowering the Central Government to issue directives for effective implementation. A standard repeal and saving clause ensures that all past actions under the old Act remain valid, maintaining legal continuity.

    Minister Sonowal described the passage of the bill as a decisive move away from colonial legacies and toward a legal system that reflects India’s constitutional values and current economic aspirations. “As we reflect on the 76th year since the adoption of the Indian Constitution, it is the perfect moment to cast aside the remnants of colonial and pre-constitutional legacies that hinder our progress,” he said.

  • Google clinches milestone gold at global math competition, while OpenAI also claims win

    Source: Government of India

    Source: Government of India (4)

    Alphabet’s Google and OpenAI said their artificial-intelligence models won gold medals at a global mathematics competition, signaling a breakthrough in math capabilities in the race to build systems that can rival human intelligence.

    The results marked the first time that AI systems crossed the gold-medal scoring threshold at the International Mathematical Olympiad (IMO) for high-school students.

    Both companies’ models solved five out of six problems, achieving the result using general-purpose “reasoning” models that processed mathematical concepts using natural language, in contrast to the previous approaches used by AI firms.

    While Google DeepMind worked with the IMO to have their models graded and certified by the committee, OpenAI did not officially enter the competition. The startup revealed their models have achieved a gold medal-worthy score on this year’s questions on Saturday, citing grades by three external IMO medalists.

    The achievement suggests AI is less than a year away from being used by mathematicians to crack unsolved research problems at the frontier of the field, according to Junehyuk Jung, a math professor at Brown University and visiting researcher in Google’s DeepMind AI unit.

    “I think the moment we can solve hard reasoning problems in natural language will enable the potential for collaboration between AI and mathematicians,” Jung told Reuters.

    OpenAI’s breakthrough was achieved with a new experimental model centered on massively scaling up “test-time compute.” This was done by both allowing the model to “think” for longer periods and deploying parallel computing power to run numerous lines of reasoning simultaneously, according to Noam Brown, researcher at OpenAI. Brown declined to say how much in computing power it cost OpenAI, but called it “very expensive.”

    To OpenAI researchers, it is another clear sign that AI models can command extensive reasoning capabilities that could expand into other areas beyond math.

    The optimism is shared by Google researchers, who believe AI models’ capabilities can apply to research quandaries in other fields such as physics, said Jung, who won an IMO gold medal as a student in 2003.

    Of the 630 students participating in the 66th IMO on the Sunshine Coast in Queensland, Australia, 67 contestants, or about 11%, achieved gold-medal scores.

    Google’s DeepMind AI unit last year achieved a silver medal score using AI systems specialized for math. This year, Google used a general-purpose model called Gemini Deep Think, a version of which was previously unveiled at its annual developer conference in May.

    Unlike previous AI attempts that relied on formal languages and lengthy computation, Google’s approach this year operated entirely in natural language and solved the problems within the official 4.5-hour time limit, the company said in a blog post.

    OpenAI, which has its own set of reasoning models, similarly built an experimental version for the competition, according to a post by researcher Alexander Wei on social media platform X. He noted that the company does not plan to release anything with this level of math capability for several months.

    This year marked the first time the competition coordinated officially with some AI developers, who have for years used prominent math competitions like IMO to test model capabilities. IMO judges certified the results of those companies, including Google, and asked them to publish results on July 28.

    “We respected the IMO Board’s original request that all AI labs share their results only after the official results had been verified by independent experts and the students had rightly received the acclamation they deserved,” Google DeepMind CEO Demis Hassabis said on X on Monday.

    OpenAI, which published its results on Saturday and first claimed gold-medal status, said in an interview that it had permission from an IMO board member to do so after the closing ceremony on Saturday.

    (Reuters)

  • Google clinches milestone gold at global math competition, while OpenAI also claims win

    Source: Government of India

    Source: Government of India (4)

    Alphabet’s Google and OpenAI said their artificial-intelligence models won gold medals at a global mathematics competition, signaling a breakthrough in math capabilities in the race to build systems that can rival human intelligence.

    The results marked the first time that AI systems crossed the gold-medal scoring threshold at the International Mathematical Olympiad (IMO) for high-school students.

    Both companies’ models solved five out of six problems, achieving the result using general-purpose “reasoning” models that processed mathematical concepts using natural language, in contrast to the previous approaches used by AI firms.

    While Google DeepMind worked with the IMO to have their models graded and certified by the committee, OpenAI did not officially enter the competition. The startup revealed their models have achieved a gold medal-worthy score on this year’s questions on Saturday, citing grades by three external IMO medalists.

    The achievement suggests AI is less than a year away from being used by mathematicians to crack unsolved research problems at the frontier of the field, according to Junehyuk Jung, a math professor at Brown University and visiting researcher in Google’s DeepMind AI unit.

    “I think the moment we can solve hard reasoning problems in natural language will enable the potential for collaboration between AI and mathematicians,” Jung told Reuters.

    OpenAI’s breakthrough was achieved with a new experimental model centered on massively scaling up “test-time compute.” This was done by both allowing the model to “think” for longer periods and deploying parallel computing power to run numerous lines of reasoning simultaneously, according to Noam Brown, researcher at OpenAI. Brown declined to say how much in computing power it cost OpenAI, but called it “very expensive.”

    To OpenAI researchers, it is another clear sign that AI models can command extensive reasoning capabilities that could expand into other areas beyond math.

    The optimism is shared by Google researchers, who believe AI models’ capabilities can apply to research quandaries in other fields such as physics, said Jung, who won an IMO gold medal as a student in 2003.

    Of the 630 students participating in the 66th IMO on the Sunshine Coast in Queensland, Australia, 67 contestants, or about 11%, achieved gold-medal scores.

    Google’s DeepMind AI unit last year achieved a silver medal score using AI systems specialized for math. This year, Google used a general-purpose model called Gemini Deep Think, a version of which was previously unveiled at its annual developer conference in May.

    Unlike previous AI attempts that relied on formal languages and lengthy computation, Google’s approach this year operated entirely in natural language and solved the problems within the official 4.5-hour time limit, the company said in a blog post.

    OpenAI, which has its own set of reasoning models, similarly built an experimental version for the competition, according to a post by researcher Alexander Wei on social media platform X. He noted that the company does not plan to release anything with this level of math capability for several months.

    This year marked the first time the competition coordinated officially with some AI developers, who have for years used prominent math competitions like IMO to test model capabilities. IMO judges certified the results of those companies, including Google, and asked them to publish results on July 28.

    “We respected the IMO Board’s original request that all AI labs share their results only after the official results had been verified by independent experts and the students had rightly received the acclamation they deserved,” Google DeepMind CEO Demis Hassabis said on X on Monday.

    OpenAI, which published its results on Saturday and first claimed gold-medal status, said in an interview that it had permission from an IMO board member to do so after the closing ceremony on Saturday.

    (Reuters)

  • Rain lashes several parts of Delhi; IMD predicts light rain for next seven days

    Source: Government of India

    Source: Government of India (4)

    Several parts of the national capital witnessed rainfall on Tuesday, offering much-needed relief from the recent spell of heat and contributing to the ongoing monsoon activity across the region.

    According to the India Meteorological Department (IMD), Delhi is likely to experience light to moderate rain accompanied by thunderstorms and lightning on July 22 and 23. The skies will remain generally cloudy during this period, the IMD said in a statement.

    The forecast indicates that light rain will continue through the week, with weather conditions expected to remain similar until July 28.

    Daytime temperatures are likely to fluctuate between 36°C and 23°C over the next seven days, maintaining a relatively cooler atmosphere compared to previous weeks.

    The IMD’s extended forecast suggests consistent light to moderate showers throughout the week, ensuring ongoing relief from heat and supporting monsoon conditions in the city.

    (with inputs from ANI)

  • Rain lashes several parts of Delhi; IMD predicts light rain for next seven days

    Source: Government of India

    Source: Government of India (4)

    Several parts of the national capital witnessed rainfall on Tuesday, offering much-needed relief from the recent spell of heat and contributing to the ongoing monsoon activity across the region.

    According to the India Meteorological Department (IMD), Delhi is likely to experience light to moderate rain accompanied by thunderstorms and lightning on July 22 and 23. The skies will remain generally cloudy during this period, the IMD said in a statement.

    The forecast indicates that light rain will continue through the week, with weather conditions expected to remain similar until July 28.

    Daytime temperatures are likely to fluctuate between 36°C and 23°C over the next seven days, maintaining a relatively cooler atmosphere compared to previous weeks.

    The IMD’s extended forecast suggests consistent light to moderate showers throughout the week, ensuring ongoing relief from heat and supporting monsoon conditions in the city.

    (with inputs from ANI)

  • South Korea’s Lee orders all-out effort to find missing after floods

    Source: Government of India

    Source: Government of India (4)

    South Korea’s President Lee Jae Myung told public officials on Tuesday to “spare no effort” in the search for missing people and on damage recovery after days of torrential rains left a trail of destruction in various parts of the country.

    The wet weather has now subsided, though media reports said heavy rainfall was drenching parts of North Korea.

    Some 19 people have died and nine were still missing in South Korea as of Tuesday morning, while 2,549 people remained displaced, the Ministry of the Interior and Safety said.

    Damage to property was extensive with some 3,776 facilities, including homes, shops and factories needing to be cleared of water, debris and earth, it said.

    Noting the limitations of existing methods in coping with last week’s rain, Lee ordered the prime minister and all related ministries to establish a comprehensive response system for natural disasters by region and type.

    Lee also told a cabinet meeting to “strictly crack down on mindless public officials who enjoy dancing and drinking at.. locations where people are dying.”

    The president’s approval rating fell to 62.2% from 64.6% previously according to pollster Realmeter, in a survey conducted last week during the torrential rains.

    Lee, who took office in June, has promised to make the country safer and to prevent any repeat of the disasters in recent years that have often been blamed on the inadequate response by authorities.

    (Reuters)

  • MIL-OSI Banking: Financial Inclusion Index for March 2025

    Source: Reserve Bank of India

    The Reserve Bank of India had constructed a composite Financial Inclusion Index (FI-Index) in consultation with the concerned stakeholders including the Government, to capture the extent of financial inclusion across the country, which was first published in August 2021 for the FY ending March 2021.

    Index for the year ending March 2025 has since been compiled. The value of FI-Index for March 2025 stands at 67.0 vis-à-vis 64.2 in March 2024, with growth witnessed across all sub-indices, viz., Access, Usage and Quality. Improvement in FI-Index in FY 2025 is contributed by Usage and Quality dimensions, reflecting deepening of financial inclusion, and sustained financial literacy initiatives.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/759

    MIL OSI Global Banks –

  • GST at Eight Years: Report Highlights Growth in Revenue and growing Women’s Inclusion in Formal Economy

    Source: Government of India

    Source: Government of India (4)

    There are over 1.52 crore active Goods and Services Tax (GST) registrations and one-fifth of registered GST taxpayers in India now have at least one woman, and 14 per cent of registered taxpayers have all female members (on the basis of the constitution of business), an SBI report revealed on Tuesday.

    This representation is substantially high in limited liability partnership (LLP) and private limited companies and the vectors of increased formalization and momentum in corporate playbook augur well for equitable representation in the offing, according to the SBI’s Economic Research Department report.

    “This data, along-with 15 per cent share of women in overall income taxpayers and 40 per cent in overall deposits, mirrors women empowerment,” said Dr Soumya Kanti Ghosh, Group Chief Economic Advisor, SBI.

    In just five years (FY21-FY25), gross GST collection doubled and even average monthly gross GST collection is now Rs 2 lakh crore. Top five states account for 41 per cent of gross revenue and six states have crossed Rs 1 lakh crore mark, Dr Ghosh added.

    States having GST collection of more than Rs 1 lakh crore have Integrated Goods and Service Tax (IGST) share of more than 30 per cent in their total domestic collection, emphasising the contribution of larger states in pushing GST collection across other states.

    On July 1, the GST completed eight years since its rollout. Introduced in 2017 as a major step towards economic integration, GST replaced a maze of indirect taxes with a single, unified system.

    It made tax compliance easier, reduced costs for businesses, and allowed goods to move freely across states. By improving transparency and efficiency, GST helped lay the foundation for a stronger, more integrated economy.

    “Our results indicate that convergence pattern strengthens over time, peaking in FY25 across all quantiles. By FY25, convergence is strong across the spectrum, indicating a broad-based equalising effect of GST,” said Dr Ghosh.

    Surprisingly, some of the larger and richer states like Telangana, Tamil Nadu, Kerala, Andhra Pradesh and even Karnataka have low share in active GST taxpayers vis-a-vis the state’s share in overall GSDP (Gross State Domestic Product).

    “Interestingly, states like Uttar Pradesh, Bihar and Gujarat share in total GST taxpayers is larger than the state’s share in overall GSDP. This indicate that there is still a vast untapped potential in GST in these states,” the report mentioned.

    (IANS)

  • PM Modi extends birthday greetings to Maha CM Fadnavis, Deputy CM Ajit Pawar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday extended warm birthday wishes to Maharashtra Chief Minister Devendra Fadnavis and Deputy Chief Minister Ajit Pawar, lauding their contributions to the state and wishing them long and healthy lives.

    Fadnavis, born on July 22, 1970, in Nagpur and Pawar, born on the same date in 1959 in Maharashtra’s Ahmednagar district, received praise and blessings from leaders across the political spectrum.

    Taking to X, PM Modi wrote, “Best wishes to Maharashtra Chief Minister, Shri Devendra Fadnavis Ji on his birthday. He’s working tirelessly for Maharashtra’s progress and empowering the poor and downtrodden. May he lead a long and healthy life in service of the people.”

    For Ajit Pawar, who leads the Nationalist Congress Party (NCP) faction aligned with the Mahayuti, PM Modi posted, “Birthday greetings to Shri Ajit Pawar Ji. He is making a valuable contribution to strengthening the NDA’s good governance agenda in Maharashtra. May he be blessed with a long and healthy life.”

    Union Home Minister Amit Shah also extended heartfelt greetings. “Happy birthday to Chief Minister of Maharashtra Shri Devendra Fadnavis. Under the leadership of Modi ji, you are continuously doing commendable work towards public welfare and revival of cultural heritage in Maharashtra,” Shah wrote on X.

    “We are also moving forward firmly on the path of public welfare by providing basic facilities to the poor, deprived and exploited in a transparent manner. May Ganpati Bappa grant you long life and healthy life,” he added.

    For Ajit Pawar, Shah wrote, “Heartiest birthday wishes to Maharashtra Deputy Chief Minister Ajit Pawar. You are playing a commendable role in bringing the work of the Mahayuti government to the ground in Maharashtra. I pray to God for your good health and long life.”

    Joining in the celebrations, Deputy Chief Minister Eknath Shinde offered his wishes to both leaders.

    In a message posted in Marathi (loosely translated into English), he wrote, “Heartfelt birthday wishes to the Honourable Chief Minister Devendraji Fadnavis, the steadfast warrior of Maharashtra’s development journey! A trusted friend and colleague of the Mahayuti alliance, leading all comrades with strength, a leader who amplifies the voice of the people, taking bold steps in Maharashtra’s journey toward prosperity.”

    He further praised Fadnavis as “an excellent administrator, a wise leader with expertise in economics and law, and a visionary leader,” and prayed for his long and healthy life.

    Wishing his counterpart Ajit Pawar, Shinde wrote, “Heartfelt birthday wishes to Deputy Chief Minister Hon. Ajitdada Pawar, who steadfastly supports the Mahayuti! An exceptional administrator with a remarkable grasp of economics, a steadfast companion of visionary development, and a sensitive and punctual leader who carries the aspirations of Maharashtra’s progress — that’s our Ajitdada.”

    He added, “To our friend who firmly believes nothing comes before Maharashtra’s development and walks this path with conviction, we pray at the feet of the Almighty for a long and healthy life!”

    (IANS)

  • PM Modi extends birthday greetings to Maha CM Fadnavis, Deputy CM Ajit Pawar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday extended warm birthday wishes to Maharashtra Chief Minister Devendra Fadnavis and Deputy Chief Minister Ajit Pawar, lauding their contributions to the state and wishing them long and healthy lives.

    Fadnavis, born on July 22, 1970, in Nagpur and Pawar, born on the same date in 1959 in Maharashtra’s Ahmednagar district, received praise and blessings from leaders across the political spectrum.

    Taking to X, PM Modi wrote, “Best wishes to Maharashtra Chief Minister, Shri Devendra Fadnavis Ji on his birthday. He’s working tirelessly for Maharashtra’s progress and empowering the poor and downtrodden. May he lead a long and healthy life in service of the people.”

    For Ajit Pawar, who leads the Nationalist Congress Party (NCP) faction aligned with the Mahayuti, PM Modi posted, “Birthday greetings to Shri Ajit Pawar Ji. He is making a valuable contribution to strengthening the NDA’s good governance agenda in Maharashtra. May he be blessed with a long and healthy life.”

    Union Home Minister Amit Shah also extended heartfelt greetings. “Happy birthday to Chief Minister of Maharashtra Shri Devendra Fadnavis. Under the leadership of Modi ji, you are continuously doing commendable work towards public welfare and revival of cultural heritage in Maharashtra,” Shah wrote on X.

    “We are also moving forward firmly on the path of public welfare by providing basic facilities to the poor, deprived and exploited in a transparent manner. May Ganpati Bappa grant you long life and healthy life,” he added.

    For Ajit Pawar, Shah wrote, “Heartiest birthday wishes to Maharashtra Deputy Chief Minister Ajit Pawar. You are playing a commendable role in bringing the work of the Mahayuti government to the ground in Maharashtra. I pray to God for your good health and long life.”

    Joining in the celebrations, Deputy Chief Minister Eknath Shinde offered his wishes to both leaders.

    In a message posted in Marathi (loosely translated into English), he wrote, “Heartfelt birthday wishes to the Honourable Chief Minister Devendraji Fadnavis, the steadfast warrior of Maharashtra’s development journey! A trusted friend and colleague of the Mahayuti alliance, leading all comrades with strength, a leader who amplifies the voice of the people, taking bold steps in Maharashtra’s journey toward prosperity.”

    He further praised Fadnavis as “an excellent administrator, a wise leader with expertise in economics and law, and a visionary leader,” and prayed for his long and healthy life.

    Wishing his counterpart Ajit Pawar, Shinde wrote, “Heartfelt birthday wishes to Deputy Chief Minister Hon. Ajitdada Pawar, who steadfastly supports the Mahayuti! An exceptional administrator with a remarkable grasp of economics, a steadfast companion of visionary development, and a sensitive and punctual leader who carries the aspirations of Maharashtra’s progress — that’s our Ajitdada.”

    He added, “To our friend who firmly believes nothing comes before Maharashtra’s development and walks this path with conviction, we pray at the feet of the Almighty for a long and healthy life!”

    (IANS)