Source: Reserve Bank of India
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The value of exports and imports of services during February 2025 is given in the following table.
Ajit Prasad Press Release: 2024-2025/2504 |
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Category: India
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MIL-OSI Economics: Monthly Data on India’s International Trade in Services for the Month of February 2025
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MIL-OSI Banking: Conference of Large Non-Banking Financial Companies
Source: Reserve Bank of India
The Reserve Bank held a Conference for the large-sized Non-Banking Financial Companies (NBFCs) on March 28, 2025, in Chennai. Chairpersons of the Audit Committee of the Board (ACB), MD & CEOs and the Statutory Auditors of the NBFCs attended the Conference. The Conference was a part of the series of supervisory engagements that the Reserve Bank has been having with key stakeholders of its Regulated Entities. The theme of the Conference was ‘Shared Vision, Shared Responsibility: Strengthening the NBFCs’. The Conference was attended by over 200 participants.
Deputy Governor of Reserve Bank, Shri Swaminathan J, and Shri Charanjot Singh Nanda, President, the Institute of Chartered Accountants of India (ICAI), addressed the participants. Executive Directors in-charge of the Regulatory, Supervisory and Enforcement functions of the Reserve Bank also participated in the Conference.
Deputy Governor Shri Swaminathan, in his address, acknowledged the important role that is being played by NBFCs in the financial ecosystem and the role of Chairpersons of the ACB and Statutory Auditors in ensuring the integrity of financial statements. He emphasised that risk-taking must be prudent and well planned, and never beyond the risk absorption capacity of the entity concerned. Deputy Governor exhorted the NBFCs to proactively adopt fairness in lending and recovery supported by a robust grievance redress mechanism. He also conveyed expectations from auditors on maintaining the audit rigour and adhering to the highest standards of objectivity, transparency and ethics.
The President, ICAI emphasised the contribution needed from the Chartered Accountancy profession and urged them to live up to the trust reposed on the profession. He touched upon various initiatives taken by the Institute in capacity building of Chartered Accountants, especially with respect to adoption of technology in auditing.
The Conference included detailed presentations on the concerns observed in NBFCs and the regulatory expectations and a technical session on usage of data analytics in auditing. A Panel Discussion was also held involving MD & CEOs of select NBFCs on the topic of ‘Emerging issues and challenges under Ind AS’.
The Conference concluded with an interactive session for the participants with senior officials of RBI.
(Puneet Pancholy)
Chief General ManagerPress Release: 2024-2025/2501
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MIL-OSI Banking: RBI imposes monetary penalty on Phoenix ARC Private Limited
Source: Reserve Bank of India
The Reserve Bank of India (RBI) has, by an order dated March 24, 2025, imposed a monetary penalty of ₹52.70 lakh (Rupees Fifty Two Lakh Seventy Thousand only) on Phoenix ARC Private Limited (the company) for non-compliance with directions on ‘Settlement of dues payable by the borrower’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under Section 12 read with sub-section (1) of Section 30A of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
The statutory inspection of the company was conducted by RBI with reference to its financial position as on March 31, 2023. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.
After considering the company’s reply to the notice, additional submissions made by it and oral submissions made during the personal hearing, RBI found that the following charge against the company was sustained, warranting imposition of monetary penalty:
The company settled dues of certain borrowers having aggregate outstanding principal amount of more than ₹1 crore without the prior approval of its Board of Directors, as required under the directions on ‘Settlement of dues payable by the borrower’.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the company.
(Puneet Pancholy)
Chief General ManagerPress Release: 2024-2025/2502
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MIL-OSI Economics: Developments in India’s Balance of Payments during the Third Quarter (October-December) of 2024-25
Source: Reserve Bank of India
Preliminary data on India’s balance of payments (BoP) for the third quarter (Q3), i.e., October-December 2024-25, are presented in Statements I and II.
Key Features of India’s BoP in Q3:2024-25
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India’s current account deficit (CAD) increased to US$ 11.5 billion (1.1 per cent of GDP) in Q3:2024-25 from US$ 10.4 billion (1.1 per cent of GDP) in Q3:2023-24 but moderated from US$ 16.7 billion (1.8 per cent of GDP)1 in Q2:2024-25.2
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Merchandise trade deficit increased to US$ 79.2 billion in Q3:2024-25 from US$ 71.6 billion in Q3:2023-24.
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Net services receipts increased to US$ 51.2 billion in Q3:2024-25 from US$ 45.0 billion a year ago. Services exports have risen on a y-o-y basis across major categories such as business services, computer services, transportation services and travel services.
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Net outgo on the primary income account, primarily reflecting payments of investment income, increased to US$ 16.7 billion in Q3:2024-25 from US$ 13.1 billion in Q3:2023-24.
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Personal transfer receipts, mainly representing remittances by Indians employed overseas, rose to US$ 35.1 billion in Q3: 2024-25 from US$ 30.6 billion in Q3:2023-24.
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In the financial account, foreign direct investment recorded a net outflow of US$ 2.8 billion in Q3:2024-25 as against an inflow of US$ 4.0 billion in the corresponding period of 2023-24.
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Foreign portfolio investment recorded a net outflow of US$ 11.4 billion in Q3:2024-25 as against an inflow of US$ 12.0 billion in Q3:2023-24.
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Net inflows under external commercial borrowings (ECBs) to India amounted to US$ 4.3 billion in Q3:2024-25, as against an outflow of US$ 2.7 billion in the corresponding period a year ago.
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Non-resident deposits (NRI deposits) recorded a net inflow of US$ 3.1 billion, lower than US$ 3.9 billion a year ago.
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There was a depletion of US$ 37.7 billion to the foreign exchange reserves (on a BoP basis) in Q3:2024-25 as against an accretion of US$ 6.0 billion in Q3:2023-24 (Table 1).
BoP During April-December 2024
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India’s CAD widened to US$ 37.0 billion (1.3 per cent of GDP) during April-December 2024 from US$ 30.6 billion (1.1 per cent of GDP) during April-December 2023 primarily on account of a higher merchandise trade deficit.
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Net invisibles receipts were higher during April-December 2024 than a year ago on account of services and transfers.
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Net FDI inflow at US$ 1.6 billion during April-December 2024 was lower than US$ 7.8 billion during April-December 2023.
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During April-December 2024, portfolio investment recorded a net inflow of US$ 9.4 billion, lower than US$ 32.7 billion during the corresponding period a year ago.
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There was a depletion of US$ 13.8 billion to the foreign exchange reserves (on a BoP basis) during April-December 2024.
(Puneet Pancholy)
Chief General ManagerPress Release: 2024-2025/2498
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MIL-OSI Economics: RBI imposes monetary penalty on The Citizens Urban Cooperative Bank Ltd., Jalandhar
Source: Reserve Bank of India
The Reserve Bank of India (RBI) has, by an order dated March 27, 2025, imposed a monetary penalty of ₹15.00 lakh (Rupees Fifteen Lakh only) on The Citizens Urban Cooperative Bank Ltd., Jalandhar (the bank) for non-compliance with specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
The statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2023. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charge against the bank was sustained, warranting imposition of monetary penalty:
In non-adherence to directions issued under SAF, the bank had:
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sanctioned / renewed loans and advances to single borrowers beyond the applicable regulatory limits; and
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offered interest rates on term deposits and savings deposits higher than those offered by State Bank of India.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.
(Puneet Pancholy)
Chief General ManagerPress Release: 2024-2025/2497
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MIL-OSI Economics: Sources of Variation in India’s Foreign Exchange Reserves during April-December 2024
Source: Reserve Bank of India
Today, the Reserve Bank of India released the balance of payments (BoP) data for the third quarter (Q3), i.e., October-December of 2024-25 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-December 2024 are detailed below in Table 1.
On a balance of payments basis (i.e., excluding valuation effects), foreign exchange reserves decreased by US$ 13.8 billion during April-December 2024 as against an accretion of US$ 32.9 billion during April-December 2023. Foreign exchange reserves in nominal terms (i.e., including valuation effects) decreased by US$ 10.7 billion during April-December 2024 as against an increase of US$ 44.0 billion in the corresponding period of the preceding year (Table 2).
The valuation gain, primarily reflecting higher prices of gold, amounted to US$ 3.1 billion during April-December 2024 as compared with a valuation gain of US$ 11.1 billion during April-December 2023.
(Puneet Pancholy)
Chief General ManagerPress Release: 2024-2025/2499
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MIL-OSI Economics: RBI imposes monetary penalty on Mahindra Rural Housing Finance Limited
Source: Reserve Bank of India
The Reserve Bank of India (RBI) has, by an order dated March 26, 2025, imposed a monetary penalty of ₹3.20 lakh (Rupees Three Lakh Twenty Thousand only) on Mahindra Rural Housing Finance Limited (the company) for non-compliance with certain provisions of the ‘Reserve Bank of lndia (Know Your Customer (KYC)) Directions, 2016’ and ‘Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 52A of the National Housing Bank Act, 1987.
The statutory inspection of the company was conducted by the National Housing Bank with reference to its financial position as on March 31, 2023. Based on the supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.
After considering the company’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charges against the company were sustained, warranting imposition of monetary penalty:
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The company failed to carry out periodic review of risk categorisation, with such periodicity being at least once in six months, during FY 2022-23.
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The company failed to take prior written permission of the RBI before appointing a director, resulting in change in management, on account of change of more than 30 per cent of its directors (excluding independent directors).
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the company.
(Puneet Pancholy)
Chief General ManagerPress Release: 2024-2025/2500
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MIL-OSI Economics: RBI imposes monetary penalty on The Kangra Central Co-operative Bank Ltd., Himachal Pradesh
Source: Reserve Bank of India
The Reserve Bank of India (RBI) has, by an order dated March 27, 2025, imposed a monetary penalty of ₹25.00 lakh (Rupees Twenty Five Lakh only) on The Kangra Central Co-operative Bank Ltd., Himachal Pradesh (the bank) for non-compliance with the conditions subject to which the banking license was issued to it by RBI. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
The statutory inspection of the bank was conducted by National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2023. Based on supervisory findings of non-compliance with the conditions of banking license issued by RBI and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said licensing conditions. After considering the bank’s reply to the notice, RBI found, inter alia, that the following charge against the bank was sustained, warranting imposition of monetary penalty:
The bank had extended loans outside its area of operation in violation of conditions of the banking license.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.
(Puneet Pancholy)
Chief General ManagerPress Release: 2024-2025/2496
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MIL-OSI Economics: RBI imposes monetary penalty on UCA Finvest Private Limited, New Delhi
Source: Reserve Bank of India
The Reserve Bank of India (RBI) has, by an order dated March 27, 2025, imposed a monetary penalty of ₹4.10 lakh (Rupees Four Lakh and Ten Thousand only) on UCA Finvest Private Limited (the company) for non-compliance with specific conditions under which the company was issued the Certificate of Registration (CoR) by RBI under section 45IA(5) of Reserve Bank of India Act, 1934 (RBI Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of clause (a) of sub-section (1) of Section 58G read with sub-section (6) of Section 58 B of the RBI Act.
The financial statements of the company for FY 2021-22 and related correspondence in that regard, revealed, inter alia, non-compliance with the specific conditions of the CoR. Based on the same, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said conditions of the CoR.
After considering the company’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charge against the company was sustained, warranting imposition of monetary penalty:
The company in violation of the specific conditions of the Certificate of Registration, had:
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accepted public funds and
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customer interface, when it sanctioned loans and advances.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the company.
(Puneet Pancholy)
Chief General ManagerPress Release: 2024-2025/2494
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MIL-OSI United Kingdom: expert reaction to Myanmar earthquake
Source: United Kingdom – Executive Government & Departments
Scientists comment on a 7.7 magnitude earthquake that has hit central Myanmar.
Prof Bill McGuire, Professor Emeritus of Geophysical & Climate Hazards, University College London (UCL), said:
“Myanmar is one of the most seismically active countries in the world, so this quake is not a surprise. It looks to have occurred on the major Sagaing Fault, which marks the boundary between two tectonic plates, and which runs north – south close to a number of large population centres.
“This is probably the biggest earthquake on the Myanmar mainland in three quarters of a century, and a combination of size and very shallow depth will maximise the chances of damage. It is highly likely that build quality will generally not be high enough to survive this level of shaking, and casualty numbers will almost certainly climb significantly as more becomes known of the scale of the disaster.
“There has already been one sizeable aftershock and more can be expected. This will threaten the collapse of weakened buildings and make the jobs of rescue workers that much more challenging”
Prof Joanna Faure Walker, Professor of Earthquake Geology and Disaster Risk Reduction, University College London (UCL), said:
“Myanmar is no stranger to earthquakes. The plate boundary between the India Plate and Eurasia Plate runs approximately north-south, cutting through the middle of the country. These two plates move past each other as they are moving at different rates along a transform plate boundary (a bit like the San Andreas Fault in the south west of the United States). Although such strike slip earthquakes are of smaller magnitude than the largest earthquakes seen in subduction zones, like to the south in Sumatra, they can still reach magnitudes 7 to 8 and cause severe destruction, as we are seeing in the March 2025 earthquake.”
Dr Roger Musson, Honorary Research Fellow, British Geological Survey (BGS), said:
“Large earthquakes in this region are rare but not unknown, the last similar event being in 1956, more or less beyond living memory. This means that buildings are unlikely to be designed against seismic forces, and therefore are more vulnerable when an earthquake like this occurs, resulting in more damage and higher casualties. The ultimate cause of the earthquake is the northward movement of the Indian Plate, which produces a tearing effect along N-S trending vertical faults.”
Prof Ilan Kelman, Professor of Disasters and Health, Institute for Risk and Disaster Reduction (IRDR), University College London (UCL), said:
“Getting humanitarian relief into the worst-affected areas of Burma / Myanmar might not be politically easy. In 2008, Cyclone Nargis killed over 130,000 people in the country. The government took days to accept significant aid and then inhibited its delivery.
“For ‘disaster diplomacy’ to work – supporting disaster-affected people in areas with violent or political conflict – the world and the disaster-struck authorities must cooperate. Many governments running Burma / Myanmar have been highly controlling, including since the February 2021 military coup. Helping people in need without helping an oppressive government is a tricky situation for aid donors to navigate, not helped by the reported damage to transportation and communication systems.
“The usual mantra is that ‘Earthquakes don’t kill people; collapsing infrastructure does’. Governments are responsible for planning regulations and building codes. This disaster exposes what governments of Burma / Myanmar failed to do long before the earthquake which would have saved lives during the shaking.”
Declared interests
Prof Bill McGuire “No interests to declare”
Prof Joanna Faure Walker “None to declare”
Prof Ilan Kelman “Ilan has been researching disaster diplomacy since 1999.”
For all other experts, no reply to our request for DOIs was received.
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MIL-OSI Russia: Visit to Veliky Novgorod: Foreign students celebrate the anniversary of the preparatory faculty
Translartion. Region: Russians Fedetion –
Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –
This year, the Polytechnic Preparatory Department celebrates its anniversary. 60 years ago, the first foreign students arrived on the banks of the Neva and began their studies at the Leningrad Polytechnic Institute named after M. I. Kalinin. In honor of this event, a trip to Veliky Novgorod, a city with an ancient history, was organized for current students.
Children from Algeria, Pakistan, China, Turkey, Chad and other countries saw how Russian culture was born. They walked around the Novgorod Kremlin (Detinets) — the oldest fortress in Russia, where they learned about the defense of cities in ancient times. At the monument “Millennium of Russia” the students examined the figures of great rulers: Yaroslav the Wise, Alexander Nevsky, Ivan III and learned their history.
Everyone was especially impressed by the Saint Sophia Cathedral. It is huge and very beautiful! Such buildings show how much history means to your country, – shared Ok Berk from Turkey.
The students also visited the Vitoslavlitsy Museum, where they saw old wooden houses, churches and a windmill.
I liked how the museum preserved the peasants’ way of life. It seemed as if I had gone back in time! – said Ahmad Md Nawab from India.
After the excursion, the group went to an old village, where they tried traditional dishes and heard folk legends.
Novgorod is a city that everyone should see! There is so much history, nature and kind people here, the guys shared their impressions.
The trip was not only a vacation, but also a lesson in Russian culture. The students returned with bright photos, new knowledge and a desire to learn even more about Russia.
The preparatory faculty continues its festive events – meetings with graduates, conferences and a gala concert are ahead.
The preparatory faculty of SPbPU has more than half a century of successful training of foreign citizens. Our students were very lucky to come to the preparatory faculty of the Polytechnic in this anniversary year. I am sure many guys will take part in the ceremonial events and will continue their education at the Polytechnic, – noted assistant to the vice-rector Pavel Nedelko.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
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MIL-OSI Banking: Special Clearing Operations on March 31, 2025
Source: Reserve Bank of India
RBI/2024-25/134
CO.DPSS.RPPD.No.S1278/03-01-002/2024-2025March 28, 2025
The Chairman and Managing Director / Chief Executive Officer
All Scheduled Commercial Banks including Regional Rural Banks /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks / Local Area Banks / Payment Banks /
Small Finance Banks / National Payments Corporation of IndiaMadam / Dear Sir,
Special Clearing Operations on March 31, 2025
A reference is invited to the circular issued by Department of Government and Bank Accounts (DGBA) vide CO.DGBA.GBD.No.S1003/42-01-029/2024-2025 dated March 17, 2025 addressed to all the agency banks on Annual Closing of Government Accounts –Transactions of Central/State Governments – Special Measures for the Current Financial Year (2024-25).
2. Normal clearing timings under Cheque Truncation System (CTS) as applicable to any working “Monday” shall be followed on March 31, 2025. Further, to facilitate accounting of all the Government transactions for the current financial year (2024-25) by March 31, 2025, it has been decided to conduct Special Clearing under CTS exclusively for Government Cheques on March 31, 2025 as detailed below:
Date Presentation Session Return Session March 31, 2025
(Monday)17:00 Hours to 17:30 Hours 19:00 Hours to 19:30 Hours 3. It is mandatory for all banks to participate in the special clearing operations on March 31, 2025. All the member banks of CTS are also required to keep their inward clearing processing infrastructure open during the Special Clearing hours and maintain sufficient balance in their clearing settlement account to meet settlement obligations arising out of the Special Clearing.
4. Member banks are advised to adhere to the instructions contained in this circular as well as instructions issued by the President of the National Grid Clearing House. Member banks may also be guided by the circular NPCI/2016-17/CTS/Circular No.32 dated October 3, 2016 issued by NPCI regarding clearing type for instruments to be presented in Special Clearing sessions.
Yours faithfully,
(Sudhanshu Prasad)
Chief General Manager -
MIL-OSI Economics: ATAGS procurement to strengthen India’s firepower capabilities, says GlobalData
Source: GlobalData
Following the news that India has signed a contract for the procurement of 307 Advanced Towed Artillery Gun Systems (ATAGS);
Harsh Deshmukh, Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view:
“The procurement of 307 ATAGS and 327 towing vehicles signed with Bharat Forge and Tata Advanced Systems for Rs. 6,900 crore ($820 million) will significantly expand India’s fleet of indirect firepower delivery platforms. Capable of delivering precise long-range strikes at a rate of 5 rounds per minute, these indigenous 155mm howitzers will substantially enhance the Indian Army’s firepower, while bolstering the country’s autonomy in defense manufacturing. The towing vehicles, which are part of the current procurement program, will enable swift deployment of the ATAGS units.
“The escalating tensions along India’s northern borders, particularly with China which deployed advanced artillery like the PCL-181 in the high-altitude regions, highlight the need for India to strengthen its land-based firepower. China’s rapid military modernization, particularly its emphasis on mobile and long-range artillery systems, has heightened the urgency for India to address threats of potential conflicts in regions such as Ladakh, which has already witnessed deadly skirmishes in the past. Similarly, along the Pakistan border, where sporadic fire exchanges between the two sides are not uncommon, ATAGS offers a decisive edge. Its long-range capability ensures deeper strikes into enemy territory, enhancing the Indian Army’s operational reach.
“According to GlobalData’s “Artillery Systems Market Size and Trend Analysis Including Segments, Programs, Competitive Landscape and Forecast to 2034,” India is expected to invest over $5.3 billion on procuring various types of towed artillery systems over the next ten years, reflecting its focus on enhancing its land-based combat capabilities through indigenous procurement.
“The ATAGS will be complementing the in-service airlift capable M777s and the self-propelled K9 Vajras. This mix of artillery deployment enhances the Indian Army’s flexibility in a dynamic mission environment along the borders. With ATAGS already exported to Armenia, India will also continue to look to for export opportunities for this potent platform in international markets in order to keep the production cost down through economies of scale.”
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MIL-OSI Economics: India VC funding landscape shows promising growth in early 2025, outpacing global trends, says GlobalData
Source: GlobalData
India VC funding landscape shows promising growth in early 2025, outpacing global trends, says GlobalData
Posted in Business Fundamentals
India’s venture capital (VC) ecosystem has outpaced global trends, recording a strong growth during January–February 2025 with a staggering around 40% year-on-year (YoY) jump in funding value and around 11% increase in deal volume. This surge highlights India’s resilience and underscores growing investor confidence in the country’s dynamic and innovation-driven startup landscape, reveals GlobalData, a leading data and analytics company.
When compared to global trends, India’s performance stands out significantly. While global VC deal volume declined by nearly 9% YoY during January–February 2025, India bucked the trend with an 11% uptick in deal activity. Even more striking was the 40% surge in funding value—more than double the global growth rate of approximately 17%—further cementing India’s position as a bright spot in the global VC landscape.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “This growth reflects a thriving startup environment, where innovative ideas are increasingly attracting the attention of VC firms. This substantial rise in value not only highlights the growing confidence of investors but also the increase in average deal size.”
Consequently, India continues to remain among the top five markets for VC funding activity in the word and with the notable increase in both deal volume and value, India is further solidifying its position as a key player in the global startup ecosystem.
An analysis of GlobalData’s Deals Database revealed that India accounted for around 9% share of the total number of VC deals announced globally during January-February 2025 while also accounting for more than 4% share of global value.
Bose concludes: “India’s growth trajectory underscores its unique position as a hub for innovation. The significant growth in both VC deal volume and value indicates that investors are increasingly recognizing the potential of Indian startups to deliver innovative solutions across various sectors. This trend is likely to continue as more entrepreneurs emerge with groundbreaking ideas.”
Note: Historic data may change in case some deals get added to previous months because of a delay in disclosure of information in the public domain.
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MIL-OSI Economics: Result of the 5-day Variable Rate Repo (VRR) auction held on March 28, 2025
Source: Reserve Bank of India
Tenor 5-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 38,423 Amount allotted (in ₹ crore) 38,423 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.28 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad
Deputy General Manager
(Communications)Press Release: 2024-2025/2493
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MIL-OSI Economics: Result of the Daily Variable Rate Repo (VRR) auction held on March 28, 2025
Source: Reserve Bank of India
Tenor 5-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 85,380 Amount allotted (in ₹ crore) 50,001 Cut off Rate (%) 6.37 Weighted Average Rate (%) 6.57 Partial Allotment Percentage of bids received at cut off rate (%) 58.71 Ajit Prasad
Deputy General Manager
(Communications)Press Release: 2024-2025/2491
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MIL-OSI Economics: RBI to conduct 5-day Variable Rate Repo (VRR) auction under LAF on March 28, 2025
Source: Reserve Bank of India
On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on March 28, 2025, Friday as under:
Sl. No. Notified Amount
(₹ crore)Tenor
(day)Window Timing Date of Reversal 1 1,00,000 5 11:30 AM to 12:00 Noon April 02, 2025
(Wednesday)2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.
(Puneet Pancholy)
Chief General ManagerPress Release: 2024-2025/2492
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MIL-Evening Report: Travelling overseas? You could be at risk of measles. Here’s how to ensure you’re protected
Source: The Conversation (Au and NZ) – By Archana Koirala, Paediatrician and Infectious Diseases Specialist; Clinical Researcher, University of Sydney
On March 26 NSW Health issued an alert advising people to be vigilant for signs of measles after an infectious person visited Sydney Airport and two locations in western New South Wales.
The person recently returned from Southeast Asia where there are active measles outbreaks in several countries including Vietnam, Thailand and Indonesia.
The NSW alert follows a string of similar alerts issued around Australia in recent days and weeks.
If you’re travelling overseas soon, you could be at risk of measles. Here’s what to know to ensure you’re protected.
First, what is measles?
Measles is one of the most contagious viral illnesses. It spreads through the air when a person breathes, coughs or sneezes. On average, one person can infect 12 to 18 others who are not immune.
Initial symptoms include fever, a runny nose, cough and conjunctivitis. Then a non-itchy rash usually starts around the hairline before spreading around the body.
Measles is most common in children, and they’re also most vulnerable to getting very sick with the virus. Measles is severe in around one in ten children. Complications can include ear infection, diarrhoea and pneumonia, and, more rarely, encephalitis (brain swelling).
However, adults can also catch and spread the disease, making up 10–20% of measles cases during outbreaks.
Vaccination has saved millions of lives
The first measles vaccine was licensed for public use in 1963, and it changed the trajectory of this disease. In the 21st century alone, measles vaccination is thought to have saved more than 60 million lives globally.
The measles vaccine is free through Australia’s National Immunisation Program. It’s routinely given at 12 and 18 months of age. The first dose is combined with mumps and rubella (the MMR vaccine) and the second adds protection against chickenpox, or varicella (MMRV).
False suggestions the measles vaccination is linked with disorders such as autism have been thoroughly disproven. The vaccine is very safe and highly effective.
Measles is one of the most contagious viruses there is.
fotohay/ShutterstockHowever, because the vaccine is made from a live virus, people with weakened immune systems (for example, those receiving chemotherapy for cancer or pregnant women) cannot have the vaccine even though they’re at higher risk of severe measles. Their safety depends on high community immunisation rates to reduce the spread of the virus.
Because measles is so infectious, at least 95% of the population needs to be immune to prevent its spread.
Immunity occurs from either two doses of measles vaccine or past infection. Measles vaccination was introduced in Australia in 1968. Most adults born before the mid-1960s would still be immune from a past infection. But vaccination is recommended for everyone else who is not immune.
Immunity gaps are opening up
Gaps in immunity to measles have opened up around the world due to challenges in delivering routine immunisations during the COVID pandemic, and, in some cases, reduced acceptance of vaccination.
In 2023 only 83% of the world’s children received at least one dose of measles vaccine by their first birthday, down from 86% in 2019. This is not enough to halt spread.
The withdrawal of US government funding from many global health programs, including a measles surveillance network that supports testing and outbreak responses, is throwing fuel on the fire.
In Australia, small but progressive declines in the uptake of childhood vaccines over the past five years and immunity gaps in other age groups means our risk of outbreaks in increasing.
Rates of childhood vaccination coverage have been declining slightly.
Inna photographer/ShutterstockFor example, coverage of the MMR vaccine at 24 months declined 0.4 percentage points between 2022 and 2023 (from 95.3% to 94.9% in Indigenous children and 95.1% to 94.7% in children overall).
On-time vaccination rates – within 30 days of the recommended age – are also falling. The proportion of children who had their MMR vaccine on time dropped from 75.3% to 67.2% for non-Indigenous children and 64.7% to 56% for Indigenous children between 2020 and 2023.
Measles outbreaks are increasing in Australia and across the world
Measles cases are rapidly rising across the globe and more cases are arriving from overseas into Australia. So far in 2025, 37 cases have been reported compared to 57 in all of 2024, 26 in 2023 and seven in 2022. Most cases have been imported from overseas, but we’ve ascertained eight cases so far in 2025 were locally acquired.
Many of the countries experiencing the largest measles outbreaks are popular travel destinations for Australians, including India, Thailand, Indonesia and Vietnam.
But few countries are free of measles. The United States, Canada, the United Kingdom and various countries in Europe are all tackling outbreaks.
As the incubation period – the gap between exposure and symptoms – is around seven to ten days, travellers may enter the country without knowing they’re about to become ill and potentially spread the virus to others.
Protecting yourself and your family
Although the usual age for the first measles dose is 12 months, the MMR vaccine can be given to babies as young as six months who are travelling to measles hotspots or during outbreaks.
This early measles vaccine dose does not replace those given at 12 and 18 months, but will help protect the infant in the interim.
It’s important all adults, particularly those planning overseas travel, know their vaccination or infection history. If you don’t, talk to your health-care provider about being vaccinated.
Everyone who doesn’t have immunity from an infection should have two lifetime doses. Some adults, including those who have migrated from overseas, may have had none or only one dose when they were younger. If you’re unsure, there’s no harm in receiving a vaccine if you’ve had measles or have been fully vaccinated already.
If you come back from overseas and need medical care, inform your health-care provider about your symptoms and recent travel before attending a clinic in person.
Archana Koirala has worked on projects funded by the Australian Department of Health and Aged Care and NSW Health. She is the chair of Vaccination Special Interest Group and a committee member of Australian and New Zealand Paediatric Infectious Diseases Group of the Australasian Society of Infectious Diseases.
Kristine Macartney is the Director of the Australian National Centre for Immunisation Research and Surveillance (NCIRS). NCIRS receives funding from the Australian government Department of Health and Department of Foreign Affairs and Trade, NSW and other state and territory health departments, Gavi the Vaccine Alliance, the World Health Organization, the NHMRC, the MRFF and the Wellcome Trust.
– ref. Travelling overseas? You could be at risk of measles. Here’s how to ensure you’re protected – https://theconversation.com/travelling-overseas-you-could-be-at-risk-of-measles-heres-how-to-ensure-youre-protected-252802
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MIL-OSI Economics: Money Market Operations as on March 27, 2025
Source: Reserve Bank of India
(Amount in ₹ crore, Rate in Per cent)
Volume
(One Leg)Weighted
Average RateRange A. Overnight Segment (I+II+III+IV) 6,00,525.74 6.14 3.50-7.35 I. Call Money 16,238.23 6.16 5.15-6.35 II. Triparty Repo 4,06,476.50 6.14 6.00-6.99 III. Market Repo 1,76,079.11 6.14 3.50-6.35 IV. Repo in Corporate Bond 1,731.90 6.29 6.20-7.35 B. Term Segment I. Notice Money** 1,640.37 6.31 5.50-7.40 II. Term Money@@ 745.00 – 6.60-8.05 III. Triparty Repo 22,477.00 7.26 5.75-7.60 IV. Market Repo 776.63 7.04 7.00-7.10 V. Repo in Corporate Bond 0.00 – – Auction Date Tenor (Days) Maturity Date Amount Current Rate /
Cut off RateC. 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 Thu, 27/03/2025 1 Fri, 28/03/2025 21,392.00 6.26 (b) Reverse Repo (III) Long Term Operations^ (a) Repo (b) Reverse Repo 3. MSF# Thu, 27/03/2025 1 Fri, 28/03/2025 1,114.00 6.50 4. SDFΔ# Thu, 27/03/2025 1 Fri, 28/03/2025 2,01,622.00 6.00 5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]* -1,79,116.00 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 (III) Long Term Operations^ (a) Repo Fri, 21/02/2025 45 Mon, 07/04/2025 57,951.00 6.26 Fri, 14/02/2025 49 Fri, 04/04/2025 75,003.00 6.28 Fri, 07/02/2025 56 Fri, 04/04/2025 50,010.00 6.31 (b) Reverse Repo 3. MSF# 4. SDFΔ# D. Standing Liquidity Facility (SLF) Availed from RBI$ 9,182.09 E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]* 1,92,146.09 F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]* 13,030.09 G. Cash Reserves Position of Scheduled Commercial Banks (i) Cash balances with RBI as on March 27, 2025 9,41,196.50 (ii) Average daily cash reserve requirement for the fortnight ending April 04, 2025 9,28,983.00 H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ March 27, 2025 21,392.00 I. Net durable liquidity [surplus (+)/deficit (-)] as on March 07, 2025 54,323.00 @ 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. ^ As per the Press Release No. 2024-2025/2082 dated February 05, 2025, Press Release No. 2024-2025/2138 dated February 12, 2025, and Press Release No. 2024-2025/2209 dated February 20, 2025. Ajit Prasad
Deputy General Manager
(Communications)Press Release: 2024-2025/2490 -
MIL-Evening Report: Trump is interested in joining the Commonwealth. It’s not up to him – or even the king
Source: The Conversation (Au and NZ) – By Dennis Altman, Vice Chancellor’s Fellow and Professorial Fellow, Institute for Human Security and Social Change, La Trobe University
It seems Britain has one key inducement to offer US President Donald Trump: a state visit hosted by King Charles.
One can only imagine what the king thinks of this, but he will undoubtedly maintain a stiff upper lip and preside over several lavish dinners.
Following reports of this offer, which would make Trump the only US president to be twice hosted by a British monarch, stories surfaced that the US might become an associate member of the Commonwealth.
Read more:
The king has a tricky diplomatic role to play in inviting Trump for a state visit
There has been no official confirmation of this, but the story has been floated in several British newspapers.
What is the Commonwealth?
The Commonwealth came into existence as a means of retaining links with former British colonies, so there is a certain historical justification for the idea.
Almost all of Britain’s former colonies are now members of the Commonwealth of Nations, with Ireland and the US notable exceptions.
The Commonwealth is an organisation that ties together 56 countries, including a few in Africa that have been admitted despite not having been British colonies.
Of the 56, only a minority recognise the British king as their head of state, a point local monarchists are reluctant to acknowledge.
Indeed, some members of the Commonwealth, such as Malaysia, Brunei and Tonga, have their own hereditary monarchs.
In theory, all members are democratic, and several, such as Fiji, have at times been suspended from membership for failing on this count.
Whatever doubts we might have about the state of US democracy, it is hard to argue the US would fail to meet a bar that allows continued membership to states such as Pakistan and Zimbabwe.
The Commonwealth is largely seen as less important than other international groupings, and its heads of government meetings are often skipped by leaders of the most significant members.
Other than turning up to the Commonwealth Games, few recent Australian prime ministers have paid it much attention, compared to our membership of the G20 or the Asia-Pacific Economic Cooperation (APEC).
Nonetheless, the Commonwealth does include a remarkable range of countries ranging from significant states such as India, Canada and South Africa to the many island states of the Pacific and the Caribbean.
While its work is largely unreported, it does provide a range of international assistance and linkages that otherwise would be out of reach for its smaller and poorer members.
Why is Trump interested in joining?
Trump, it can be assumed, has no interest in the Commonwealth as a means of better working with states such as Namibia and Belize.
The attraction seems to be linked to his strange reverence for royalty and a fundamental misunderstanding of the role of the British sovereign.
King Charles is head of the Commonwealth through agreement of its members, probably in recognition of the extraordinary commitment his mother showed as the Commonwealth developed out of the old British Empire. Indeed, she clashed several times with her British ministers because of her loyalty to the Commonwealth.
But unlike the king’s British – and Australian – crown, this is not a position that belongs automatically to the British monarch.
So, while inviting Trump to Windsor Castle may be the gift of UK Prime Minister Keir Starmer, admission to the Commonwealth would require the agreement of all its members.
Given Trump’s demands to acquire Canada and to punish South Africa for recent land expropriation law, it is hard to imagine unanimous enthusiasm.
Most member states are cautious about being too closely linked to either the US or China, although Australia might end up the last true believer in US alliances. Others, such as Ghana and Pakistan, depend considerably on Chinese aid.
In a world dominated by increasingly autocratic leaders, a middle power like Australia needs as wide a range of friends as possible. Most of us have only a vague sense of what the Commonwealth entails.
Like all international institutions, the Commonwealth often seems more concerned with grand statements than actual commitment.
But there is value in a global organisation whose members claim to be committed to:
democracy and democratic processes, including free and fair elections and representative legislatures; the rule of law and independence of the judiciary; good governance, including a well-trained public service and transparent public accounts; and protection of human rights, freedom of expression, and equality of opportunity.
Would Trump’s America meet those demands?
Dennis Altman 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. Trump is interested in joining the Commonwealth. It’s not up to him – or even the king – https://theconversation.com/trump-is-interested-in-joining-the-commonwealth-its-not-up-to-him-or-even-the-king-253217
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MIL-OSI USA: Cantwell Decries Trump Auto Tariffs Expected to Spike Vehicle Prices By $5,000 to $15,000
US Senate News:
Source: United States Senator for Washington Maria Cantwell
03.27.25Cantwell Decries Trump Auto Tariffs Expected to Spike Vehicle Prices By $5,000 to $15,000
Trump declared today that he’ll impose a 25% tax on imported vehicles & some auto parts starting 4/2; Cantwell: “The Constitution gave Congress this power to set duties and to regulate foreign commerce… It’s time for Congress to reassert that authority”
WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, delivered a speech on the Senate floor excoriating President Donald Trump’s announcement that he’ll impose a 25% tariff on all imported vehicles starting on April 2.
“We’re going to see the price of cars go up, and the fact that the American public can’t afford grocery costs, health care costs, or housing costs – we certainly don’t need to add in auto costs,” Sen. Cantwell said. “I’m pretty sure it’s a good deal for Elon Musk and Tesla. Don’t know that it’s such a good deal for everybody else.”
“The framers of the Constitution gave Congress this power to set duties and to regulate foreign commerce. Congress. Commerce, Article One, Section Eight, could not be clearer. It’s time for Congress to reassert that authority. We need checks and balances now more than ever. We need to invest in innovation. We need to invest in skilling and training a workforce. We need to invest in modernizing infrastructure and equipment at our factories, and we need to open foreign markets for exports,” she continued. “American business does not need an endless trade war that creates chaos and raises prices on our consumers.”
Following Trump’s announcement today, several Wall Street analysts reported that Tesla – the company owned by Elon Musk – stood to benefit the most, with one analyst calling the company the “clear structural winner” of the new tariff. The “Detroit Big Three” – General Motors, Ford, and Stellantis (formerly Chrysler) – stand to take the hardest hit.
The tariffs could also impact West Coast ports who import automobiles, such as the Port of Vancouver, Wash., which is the largest gateway for Subaru imports in the country. In 2023, 98,000 Subarus came through the Port of Vancouver.
Last week, Sen. Cantwell joined the Washington Council of International Trade for a Q&A session on the whiplash caused by the administration’s chaotic tariff policies – and how they particularly harm the Pacific Northwest, which is among the most trade-dependent regions in the country. Sen. Cantwell said that the current administration’s approach to trade focuses on punitive tariffs, even with America’s largest trading partners and closest allies, as opposed to innovation and alliance-building. That ethos is fundamentally at odds with how the Pacific Northwest has historically built its trade-oriented economy.
READ MORE:
CNBC: Wall Street analysts say Elon Musk is the clear auto tariff winner: ‘Tesla wins, Detroit bleeds’
KOMO Seattle: Washington Sen. Maria Cantwell says Congress should intervene before a trade war expands.
The Columbian: Record number of Subarus came through Port of Vancouver in 2023
In Washington state, two out of every five jobs are tied to trade and trade-related industries. More information on how President Trump’s tariffs on goods from Mexico, Canada, and China will affect consumers and businesses in the State of Washington can be found HERE. Nationwide:
- A 25% tariff on Canada and Mexico would add an estimated $144 billion a year to the cost of manufacturing in the United States.
- Tariffs on Canada and Mexico could increase U.S. car prices by as much as $15,000.
- According to the Yale Budget Lab, Trump’s proposed tariffs would result in the highest U.S. effective tariff rate in more than 80 years, and depending on the level of retaliation by other trading partners, will result in increased costs of between $1,600 and $2,000 per household. According to their analysis, food, clothing, cars, and electronics will all see above-average price increases.
Sen. Cantwell has remained a steadfast supporter of increased trade to grow the economy and keep prices in check in the State of Washington and nationwide. Sen. Cantwell was the leading voice in negotiations to end India’s 20% retaliatory tariff on American apples, which was imposed in response to tariffs on steel and aluminum and devastated Washington state’s apple exports. India had once been the second-largest export market for American apples, but after President Trump imposed tariffs on steel and aluminum in his first term, India imposed retaliatory tariffs in response and U.S. apple exports plummeted. The impact on Washington apple growers was severe: Apple exports from the state dropped from $120 million in 2017 to less than $1 million by 2023. In September 2023, following several years of Sen. Cantwell’s advocacy, India ended its retaliatory tariffs on apples and pulse crops which was welcome news to the state’s more than 1,400 apple growers and the 68,000-plus workers they support.
For the past two months, President Trump has been sowing economic chaos across the country with unpredictable and ever-changing tariff announcements. His back-and-forth announcements and actions, which have whipsawed American businesses and consumers, as well as close neighbors and allies, include:
- On January 31 — citing punishment for failing to crack down on fentanyl trafficking — the Trump administration announced plans to impose a 25% tax on many goods imported into the U.S. from Canada and Mexico and a 10% tax on goods imported from China, then abruptly postponed those tariffs.
- Last month, he doubled down, announcing an additional 25% tax on all steel and aluminum imports.
- At 12:01 a.m. ET on March 4, President Trump’s long-promised 25% tariffs on goods from Mexico and Canada and 10% tariff increase on goods from China took effect, causing stock prices in the United States to plummet.
- Then, on March 5, he announced that automobiles from Canada and Mexico would be exempt from his tariffs for one month.
- The morning of March 6, he announced that he would suspend the tariffs for some products from Mexico. Then, later that same afternoon, he announced he was suspending most new tariffs on products from both Mexico and Canada until April 2.
- On March 11, Trump threatened to double tariffs on Canadian steel and aluminum – increasing them to 50% – before reversing himself later the same day.
- On March 13, he threatened 200% tariffs on alcoholic products from the European Union, including all wine and Champagne.
- Today, he announced plans to impose a 25% tax on all imported sedans, SUVs, crossovers, minivans, cargo vans, and light trucks, as well as some auto parts, beginning on April 2.
Video of Sen. Cantwell’s speech is HERE; audio is HERE; and a transcript is HERE.
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MIL-OSI USA: Frito-Lay Issues Limited Recall for Tostitos Cantina Traditional Yellow Corn Tortilla Chips for Undeclared Milk
Source: US Department of Health and Human Services – 3
Summary
Company Announcement Date:
March 26, 2025
FDA Publish Date:
March 27, 2025
Product Type:
Food & Beverages
Reason for Announcement:Recall Reason Description
Undeclared milkCompany Name:
Frito-Lay
Brand Name:Brand Name(s)
TostitosProduct Description:
Product Description
Cantina Traditional Yellow Corn Tortilla ChipsCompany Announcement
Frito-Lay today issued a recall of a limited number of 13 oz. bags of Tostitos Cantina Traditional Yellow Corn Tortilla Chips that could include nacho cheese tortilla chips, and therefore may contain undeclared milk. Those with an allergy or severe sensitivity to milk run the risk of a serious or life-threatening allergic reaction if they consume the recalled product.
The product included in this recall was distributed to a mix of retailers including grocery, convenience and drug stores, as well as e-commerce distributors, in the following 13 states: Alabama, Florida, Georgia, Illinois, Indiana, Kentucky, Mississippi, North Carolina, Ohio, South Carolina, Tennessee, Virginia and West Virginia. Consumers would have been able to purchase these chips as early as March 7, 2025.
No allergic reactions related to this matter have been reported to date. No other Tostitos products, flavors, sizes or variety packs are recalled.
Less than 1,300 bags are included in the recall. The recalled product is in a flexible bag, and the specific information is listed below:Product
DescriptionSize
UPCCode Date & Manufacturing
CodeTostitos Cantina Traditional Yellow Corn Tortilla Chips
13 oz.
(368.5
grams)28400 52848
Must have both
“Guaranteed Fresh” date of
20 MAY 2025
AND
One of the following Manufacturing Codes
where “XX” is any number from 30 up to 55:
471106504
18 13:XX OR 471106505
85 13:XX OR 471106506
85 13:XX
OR
471106507
85 13:XXIf consumers have an allergy or sensitivity to milk, they should not consume the product and discard it immediately. Frito-Lay has informed the FDA of this action.
Consumers with the product described above can visit the Frito-Lay Contact Us page here or call 1-800-352-4477 (9 a.m. – 4:30 p.m. CST, Monday-Friday).
Media Statement from Frito-Lay:
A limited number of 13 oz. bags of Tostitos Cantina Traditional Yellow Corn Tortilla Chips are being recalled as they could include nacho cheese tortilla chips, and therefore may contain an undeclared milk allergen. Less than 1,300 bags of impacted products were for sale in stores in 13 states (Ala., Fla., Ga., Ill., Ind., Ky., Miss., N.C., Ohio, S.C., Tenn., Va., W. Va.) and across digital channels since March 7. Consumers can view the full press release on the Frito-Lay ContactUs page to see if their product is impacted by this recall. Unless a consumer has a dairy allergy or sensitivity to milk, this product is safe to consume.
Media Contact:
PepsiCoMediaRelations@PepsiCo.comCompany Contact Information
Consumers:
Frito-Lay
800-352-4477Product Photos
Content current as of:
03/27/2025Regulated Product(s)
Follow FDA
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MIL-OSI: Wintrust Names New Leader for Brand, Engagement, and Impact
Source: GlobeNewswire (MIL-OSI)
ROSEMONT, Ill., March 27, 2025 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (Nasdaq: WTFC) today announced Amy Yuhn has been named Executive Vice President for Brand, Engagement, and Impact, a new position that will oversee marketing, corporate communications, and community impact for the company.
“We are pleased to welcome Amy to Wintrust,” said Tim Crane, President and Chief Executive Officer, Wintrust. “Under Amy’s leadership, we will continue to build our brand, enhance internal and external engagement, and support our community outreach to further our mission to serve our clients, strengthen our communities, and grow our businesses.”
Yuhn joined Wintrust from CIBC, where she spent 15 years as Chief Marketing Officer and Head of Corporate Communications for CIBC U.S. (formerly The PrivateBank) before most recently serving as Head of CIBC’s U.S. Personal and Community Development Banking Group. She began her career as a journalist with The Associated Press and Reuters and then joined the Corporate Communications team at Harris Bank (now BMO) before moving to The PrivateBank to build its corporate communications and marketing programs.
“Wintrust is a well-respected company whose focus on client relationships and community engagement is a real differentiator,” Yuhn said. “I look forward to working with the team across Wintrust to show that our different approach drives better results for our clients, our employees, our communities, and our shareholders.”
Yuhn earned her bachelor’s degree in journalism from Michigan State University and her master’s degree in organizational communication at Northwestern University. She serves on the board of the Women’s Business Development Center, where she is chair of the Fundraising Committee.
About Wintrust
Wintrust is a financial holding company with $64.9 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results®” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. For more information, please visit wintrust.com.FOR MORE INFORMATION CONTACT:
Timothy S. Crane, President & Chief Executive Officer
David A. Dykstra, Vice Chairman & Chief Operating Officer
(847) 939-9000
Website address: www.wintrust.com -
MIL-OSI Australia: Steve Waugh appointed to Centre for Australia-India Relations Advisory Board
Source: Australia’s climate in 2024: 2nd warmest and 8th wettest year on record
I am pleased to announce the appointment of Steve Waugh AO to the Centre for Australia-India Relations Advisory Board.
The Centre works across government, industry, academia and the community to build greater understanding within the Australia-India relationship and encourage business to seize the opportunities of our economic partnership.
The Advisory Board helps set the strategic priorities for the Centre’s programs and activities, supporting partnerships in business, the arts, education, health, science, technology and sport.
Mr Waugh is a former Australian men’s cricket captain and has long been a champion of strengthening ties between Australia and India. He has made significant philanthropic contributions over the past 20 years through the Steve Waugh Foundation. Mr Waugh has also recently published a photography book on India titled, ‘The Spirit of Cricket: India’.
I would like to thank outgoing board member Adam Gilchrist AM for his valuable contribution to the Centre since its establishment, and to the broader relationship with India.
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MIL-OSI Economics: Members stress importance of boosting LDCs’ participation in agricultural supply chains
Source: World Trade Organization
LDCs’ participation in agricultural supply chains
The Centre for the Promotion of Imports from Developing Countries (CBI) outlined its current work in Burkina Faso, Ethiopia, Guinea and Senegal aimed at improving LDCs’ agricultural export capacity. Members also heard from the Standards and Trade Development Facility (STDF), which directs close to 60 per cent of its support towards LDCs. STDF activities have helped increase product quality, reduce the use of chemicals and fertilizers and increased awareness of post-harvest practices, it said.
Speakers noted that the evolving regulatory environment, informal trade and climate change are some of the main challenges to sanitary and phytosanitary capacity building in these countries.
To address agricultural export inefficiencies, speakers underscored the importance of multi-stakeholder collaboration, including among government authorities, the private sector and academic representatives. The role of market intelligence, skills transfer, innovation and South-South cooperation were also highlighted as key drivers of agricultural trade competitiveness. Digitalization and regional integration were identified as opportunities for LDCs to enhance market access.
Small-scale farm producers in LDCs are particularly affected by the costs of certification, laboratory testing and regulatory compliance, speakers noted. Women face gender-related barriers, such as difficulties to access land, financial resources and export opportunities, they said. Referring to the dried mango value chain in Burkina Faso and the peppercorn value chain in Lao PDR, speakers underscored challenges associated with high tariffs, complex sanitary and phytosanitary requirements, limited awareness of best agricultural practices, financial constraints and infrastructure barriers.
At the same time, innovative approaches are being developed in Lao PDR, such as certification processes involving several stakeholders to ensure the quality of organic food and knowledge sharing.
Speakers stressed the need for strengthening partnerships and targeting support to harness LDCs’ potential in the agricultural sector and improve economic diversification.
Sub-Committee on LDCs
In the Sub-Committee on LDCs, the International Trade Centre presented its Global Trade Helpdesk. A presentation on the WTO Fisheries Funding Mechanism provided information on its monitoring, evaluation and learning framework. The chair of the Sub-Committee on LDCs, Ambassador Ib Petersen of Denmark, provided an update of the progress made in the discussions on graduation from LDC status since the beginning of the year.
Members heard from the WTO Secretariat that the LDCs’ share in world trade of goods and commercial services has nearly doubled in the past 30 years, from 0.59 per cent in 1995 to 1.17 per cent in 2023. At the same time, most LDCs continue to rely on a small range of products. “Further efforts are needed to enhance LDCs’ participation in world trade and take advantage of emerging trade opportunities,” Ambassador Petersen said. A video of the latest trends in LDCs’ trade can be watched here.
Members also considered a new communication on strengthening the implementation of the Guidelines for the Accession of LDCs and its Addendum, submitted by Djibouti on behalf of the LDC Group and India.
There are currently 44 LDCs, of which 37 are WTO members. Four are in the process of joining the WTO. These are Ethiopia, Somalia, South Sudan and Sudan.
More information about the experience-sharing session is available here.
More information on the Sub-Committee on LDCs can be found here.
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MIL-OSI USA: S. 612, a bill to amend the Native American Tourism and Improving Visitor Experience Act to authorize grants to Indian tribes, tribal organizations, and Native Hawaiian organizations, and for other purposes
Source: US Congressional Budget Office
S. 612 would authorize the appropriation of $35 million over the 2025-2029 period for a grant program to support Native American tourism. Under the bill, the Bureau of Indian Affairs, the Office of Native Hawaiian Relations, and other federal agencies would award grants to Indian tribes, tribal organizations, and Native Hawaiian organizations.
The bill does not specify how much would be authorized for any given year. For this estimate, CBO assumes that the bill will be enacted in fiscal year 2025 and that the authorized amount will be provided in 2025. Based on spending patterns for similar programs, CBO estimates that implementing S. 612 would cost $35 million over the 2025-2030 period, assuming appropriation of the authorized amount.
The costs of the legislation, detailed in Table 1, fall within budget function 450 (community and regional development).
Table 1.
Estimated Increases in Spending Subject to Appropriation Under S. 612
By Fiscal Year, Millions of Dollars
2025
2026
2027
2028
2029
2030
2025-2030
Authorizationa
35
0
0
0
0
0
35
Estimated Outlays
*
15
9
6
3
2
35
a. The bill would authorize the appropriation of $35 million over the 2025-2029 period but does not specify how much would be authorized for any given year. For this estimate, CBO has assumed the entire authorized amount would be provided in 2025.
The CBO staff contact for this estimate is Julia Aman. The estimate was reviewed by H. Samuel Papenfuss, Deputy Director of Budget Analysis.
Phillip L. Swagel
Director, Congressional Budget Office
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MIL-OSI Global: Investment in the Hundred could save UK cricket from a financial sticky wicket
Source: The Conversation – UK – By Robbie Millar, Lecturer, Academy of Sport, Sheffield Hallam University
English cricket, up in the air? Brian A Jackson/Shutterstock Cricket is an old sport that has evolved over centuries. But 2025 is shaping up to be a historic – and lucrative – year for the game in England and Wales.
For the first time, private equity investment has entered the domestic game, changing the business structure of professional cricket forever. The source of this corporate interest – worth around £550 million – is the league of eight teams known as the Hundred.
Established in 2021 by the England and Wales Cricket Board (ECB), the focus of the Hundred was appealing to new audiences who have not engaged with cricket before.
It is a much shorter format than traditional forms of the game such as the four-day County Championship competition, or the One Day Cup, which is made up of 50 overs (300 balls) per side.
With the Hundred, each side gets 100 balls to bowl at their opponent’s wickets. The highest number of runs wins. It’s very simple. And entertaining.
Not everyone is a fan of course, and there has been criticism of the tournament’s design, its addition to an already congested cricket calendar, and the fact that only eight of the 18 county cricket clubs (CCCs) are involved.
But the ECB stood firm. And given the recent investment into the Hundred, it will no doubt feel vindicated.
Because the cash is sorely needed. Our research shows that CCCs have struggled financially for a while, and are overdue an economic boost.
To help with this, the Hundred started off with the ECB owning all eight teams or “franchises” in the league. Now it has sold 49% of each franchise and gifted the remaining 51% to each Hundred-hosting county.
So now, for example, 51% ownership of the Oval Invincibles is in the hands of Surrey CCC. Each hosting county was then given the option of selling their share – and so far Yorkshire and Lancashire have done just that.
The total sale of the franchises has generated £550 million, far exceeding expectations. From that, 10% (£55 million) will be ringfenced by the ECB to invest in measures to increase participation in cricket throughout England and Wales.
A slightly complicated division of the rest of the spoils then basically leaves each Hundred-hosting county cricket club with £18 million (plus the 51% ownership of the franchise). The non-hosting CCCs will receive around £32 million each.
For context, in 2023, Surrey CCC had the highest revenue at £65 million, while Leicestershire had the lowest at £5.5 million. So a one-off injection of £18 million would represent significant growth for clubs across the scale.
Not cricket?
But it’s not all good news, as the influence of private equity may cause internal conflicts about a CCC’s strategy. For while the ECB has said it will remain in control of the Hundred as a competition, the primary goal of the franchise sales is to achieve a return for investors.
This will probably mean that the Hundred is prioritised over the other formats of domestic cricket – and even international commitments. As many of the high-profile players play across the different formats, they will need to manage their schedules and are likely to choose whatever brings the greatest financial rewards.
And while the ECB has hinted at increasing the number of franchises in the future, the worry will still be that some clubs benefit more than others.
More traditional fans may feel alienated.
Graeme Dawes/ShutterstockYet investment in the future is essential if cricket is to remain relevant and appeal to new audiences. There are already suggestions that Gen Z prefers other sports such as basketball and boxing, over cricket.
Investment must also be used to improve stadium infrastructure and facilities, to attract good crowds and to generate the superstars of the future. But the influx of money means the Hundred is likely to dominate the broadcast schedule, and prioritising the tournament in this way may alienate some more traditionally minded fans.
The commercial interest now stretches towards international markets and other sports. Four of the investment groups now involved in the Hundred are owners of Indian Premier League cricket franchises, while others are linked to the worlds of professional football (Birmingham Phoenix and Birmingham City FC) and Silicon Valley (London Spirit).
Eventually, this could lead to increasing levels of commercialisation, of the kind sports fans have become accustomed to within English Premier League football.
Overall then, cricket fans may look back on 2025 as a year of major change in the sport in England and Wales. Success is far from guaranteed but the early indications, especially with regards to finance, are overwhelmingly positive.
And that was probably the point of the whole exercise. It might not be cricket as it used to be – but as with other sports today, many of the biggest decisions come down to whether or not they make money.
The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.
– ref. Investment in the Hundred could save UK cricket from a financial sticky wicket – https://theconversation.com/investment-in-the-hundred-could-save-uk-cricket-from-a-financial-sticky-wicket-244989
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MIL-OSI Global: Signal-gate security blunder overshadows Black Sea ceasefire
Source: The Conversation – UK – By Jonathan Este, Senior International Affairs Editor, Associate Editor
Depending on what you think of Donald Trump, his administration could fit either of the following two descriptions. Chaotic, vindictive and accident-prone, marked by mendacity, driven by impulse and bent on securing the will of the leader, rather than – as in the US constitution – the will of the people. Or it could be a government masterminded by a man playing 4D chess while all around him are playing chequers. A president whose deal-making skills and focus on outcomes ensure the security and prosperity of America and its allies.
If you base your assessment on the people Trump has chosen as his key national security advisers then, after the recent Signal chat group intelligence debacle, you’d almost certainly opt for chaotic and accident-prone, at the very least.
Looking around the Signal chatroom, who do we have? National security advisor Mike Waltz, Vice-President J.D. Vance, secretary of state Marco Rubio, defense secretary Pete Hegseth, director of national intelligence Tulsi Gabbard, CIA director John Ratcliffe and a supporting cast of other senior Trump staffers. And, unwittingly, the editor-in-chief of the Atlantic, Jeffrey Goldberg.
Heads must roll, say Trump’s critics. But who from this hydra-headed beast should take the fall? Should it be Waltz, who invited Goldberg to the chat group? Or Hegseth, who posted operational details of a US attack, including the when, where and how, hours before it was due to take place? Should it be Vance, whose swipe at America’s freeloading European allies has caused considerable angst across the Atlantic?
Or perhaps one or another of Gabbard and Ratcliffe, who sat in front of the Senate select committee on intelligence on Tuesday and maintained that no classified material or “war plans” had been revealed to the group – sworn evidence now revealed to be unreliable at best?
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At present it seems as if none of them are going to pay for their dangerous incompetence. Instead their ire is turned on Goldberg, who has variously been called a “sleazebag” by Trump himself, “loser” and the “bottom scum of journalists” by Waltz and a “deceitful and highly discredited, so-called journalist who’s made a profession of peddling hoaxes time and time again” by Hegseth.
Robert Dover of the University of Hull, whose research centres on intelligence and national security, believes this is a “national security blunder almost without parallel”. He points to the hypocrisy of people like Hegseth who savaged Hillary Clinton for using a private email server to conduct official business when she was secretary of state under Barack Obama.
Dover also notes the damage the episode will have done to America’s already shaky relations with its allies in Europe. Being disparaged by the vice-president as freeloaders and dismissed by the defense secretary as “pathetic”, he believes, will be “difficult to unsee”.
But credit where it’s due, it appears that US diplomacy may at least be bearing some – limited – fruit. At least, that is, if the two partial ceasefires recently negotiated between Russia and Ukraine actually materialise. That’s a fairly big if, of course. Despite a pledge by both sides that they could support a deal to avoid targeting each other’s energy infrastructure, there’s no sign yet of a cessation of attacks.
And there has been a degree of scepticism over the recently announced plan for a maritime ceasefire to allow the free passage of shipping on the Black Sea. Critics say this favours Russia far more than Ukraine. Over the course of the war, Ukraine has successfully driven Russia’s Black Sea fleet away from its base in Crimea, giving it the upper hand in the maritime war. But maritime strategy expert, Basil Germond, says the situation is more nuanced, and the deal represents considerable upside for Ukraine as well.
Read more:
Russia has most to gain from Black Sea ceasefire – but it’s marginal, and Ukraine benefits too
Setting aside America’s eventful recent forays into foreign relations, there’s a major domestic fix brewing which many US legal scholars believe could plunge the country into a constitutional crisis.
Anne Richardson Oakes, an expert in US constitutional law at Birmingham City University, anticipates a potential clash between between the executive and the judiciary which could threaten the separation of powers that lies at the heart of American democracy.
Oakes observes there are more than 130 legal challenges to Trump administration policies presently before the courts, some of which will end up in front of America’s highest legal authority, the Supreme Court, which is tasked with assessing the constitutionality of those policies. She warns that we’ve already seen evidence that Trump and his senior officials resent what they consider to be interference from the judiciary into the legitimate executive power of the elected president.
Will there be a stand-off where the Trump administration simply ignores the Supreme Court’s ruling? It’s happened before, says Oakes. In the mid-20th century, in Little Rock, Arkansas, when the governor used the state’s national guard to prevent the court-ordered desegregation of public schools. On that occasion the then president, Dwight D. Eisenhower, sent in federal troops to enforce the court’s ruling and a constitutional crisis was averted.
Read more:
US stands on the brink of a constitutional crisis as Donald Trump takes on America’s legal system
But what if it’s the serving president who chooses to ignore a Supreme Court ruling? This was the case in the 1830s when greedy cotton farmers in Georgia were bent on forcing the Native American peoples off their lands. The Cherokee actually took the state of Georgia to the Supreme Court, which ruled that as a “dependent nation” within the United States they were entitled to the protection of the federal government and that the state of Georgia had no right to order their removal.
As historian Sean Lang of Anglia Ruskin University recounts, Georgia ignored the Supreme Court’s ruling and sent in troops to expel the Cherokee who were then forced to move to new lands in a journey known as the “Train of Tears”. Lang writes that then US president, Andrew Jackson, a populist advocate of states’ rights and former “Indian fighter”, ignored the Supreme Court’s ruling, “sneering that [Chief Justice John] Marshall had no means of enforcing it”.
Lang concludes: “It’s a history lesson Greenlanders, Mexicans and Canadians – and indeed many Americans who may fall foul of this administration and seek recourse to the law – would do well to study.”
Read more:
Trump’s America is facing an Andrew Jackson moment – and it’s bad news for the constitution
Trump’s chilling effect
The Trump administration’s antipathy towards judges who have opposed its policies have extended towards those law firms who have in some way crossed the US president. But the legal system is not the only sector to feel the chilling effect of Trump’s displeasure, writes Dafydd Townley.
The world of higher education in the US is also apprehensive after the administration went after Columbia University, home to some of the most outspoken protest over US policies towards Israel and Gaza. Columbia has recently had to agree to allow the administration to “review” some of its academic programmes, starting with its Middle Eastern studies, after the administration threatened to cancel US$400 million (£310 million) of government contracts with the university.
The news media is also under heavy pressure. The administration has taken control of the White House press pool from the non-partisan White House Correspondents’ Association and has blackballed Associated Press for refusing to call the Gulf of Mexico the Gulf of America. We’ve also seen Trump himself bring lawsuits against media organisations he judges to have crossed him. And now the president has called for the defunding of America’s two biggest public broadcasters, NPR and PBL, for what he perceives as their liberal bias.
Townley, an expert in US politics at the University of Portsmouth is concerned that this all adds up to a deliberate attempt to cripple institutions which underwrite American democracy.
Read more:
Donald Trump’s ‘chilling effect’ on free speech and dissent is threatening US democracy
Popularity falls as prices rise
Trump’s leadership continues to be very polarising, writes Paul Whiteley, a political scientist and polling specialist at the University of Essex, who has spent years studying political trends in the US. Looking at the most recent numbers, Whiteley finds that while Trump’s approval ratings are fairly steady at 48% approval and 49% disapproval, when you dig down you find that only 6% of registered Democrats approve of his performance, while 93% disapprove. For registered Republicans it’s almost exactly the opposite.
Whiteley takes his analysis further, looking at measures such as consumer sentiment, which has fallen sharply since January, with talk of tariffs and the return of inflation affecting people’s confidence in the economy. He points out there tends to be a fairly strong historical correlation between confidence in the economy and popular approval of a president’s performance.
Read more:
Three graphs that show what’s happening with Donald Trump’s popularity
Another factor which will surely affect people’s confidence in the government are the job losses flowing from Elon Musk’s work as “efficiency tsar”. Thomas Gift, the director of the Centre on US Politics at University College London, believes that federal job losses as a result of Musk’s cuts are spread indiscriminately among Democrat and Republican states. As a result there may be some Republican voters who are experiencing what he calls “buyer’s remorse”.
At the same time, rising inflation is flowing into the cost of living, something many people voted for Trump to punish the Democrats for. As Gift points out, both parties are experiencing a dip in support at present as people reject politics for having a generally negative effect on their lives. But from now, it’ll be the Republicans who will feel the sting of popular disapproval more keenly.
Read more:
Trump’s job cuts are causing Republican angst as all parties face backlash
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– ref. Signal-gate security blunder overshadows Black Sea ceasefire – https://theconversation.com/signal-gate-security-blunder-overshadows-black-sea-ceasefire-253245
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MIL-OSI Economics: New Backbone One Xbox Edition transforms your phone into mobile gaming companion
Source: Microsoft
Headline: New Backbone One Xbox Edition transforms your phone into mobile gaming companion
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MIL-OSI Global: The world is in crisis – what role should our universities play?
Source: The Conversation – Canada – By Vinita Srivastava, Host + Exec. Producer, Don’t Call Me Resilient | Senior Editor, Culture + Society
It’s hard not to categorize our present global moment as a crisis. And just when we think things can’t get worse — they do.
Across the globe, we’re witnessing a rise in far-right movements and governments.
Just a few weeks ago, the AfD party in Germany secured second place. This marks the first time a far-right party has gained this level of power in the country since the Second World War. Germany is not alone in this trend: Italy, Hungary, Finland, Slovakia, Czech Republic and Croatia are now led by far-right governments.
And it may come as no surprise that many of these new leaders are increasingly hostile towards universities.
In India, under Prime Minister Narendra Modi, universities have the lowest academic freedom since the 1940s. In Brazil, former president Jair Bolsonaro claimed that public universities transform students into leftists, gays, drug addicts and perverts.
Meanwhile in the United States, Vice President JD Vance has called universities the enemy for allegedly teaching that America is “an evil, racist nation.” (Vance was echoing President Richard Nixon who called professors and the press the enemy. President Donald Trump even signed an executive order demanding higher education institutions dismantle their DEI (diversity, equity, inclusion) programs. He’s also pulled federal funding from universities that allow “illegal protests”, and he’s demanded that Columbia University’s Middle Eastern, South Asian and African Studies Departments be independently reviewed.
But, despite this hostility, universities — and students — have historically been springboards for progressive change. It was student protests 25 years ago that helped lead to the downfall of apartheid in South Africa. More recently, in Bangladesh, student protests helped topple the country’s authoritarian leader. This past year, students across the world have worked to raise public awareness of acts of genocide in Gaza.
Meanwhile, here in Canada, universities are facing financial pressure because of reductions in international student permits. This drop in revenue has caused alarming budget constraints at universities, revealing a deep reliance on international students as a revenue source.
This has led to existential questions about our universities. With today’s world in crisis, what should the role of the university be? And why are our public universities so underfunded? And how can they continue to serve their communities?
Theses are big questions, ones that seemed fitting to tackle on our final episode of Don’t Call Me Resilient recorded live in front of an audience at the University of British Columbia. Joining us to tackle them was Annette Henry, a professor in the Department of Language and Literacy Education at UBC who is cross-appointed to the Institute for Race, Gender, Sexuality and Social Justice. Her work examines race, class, language, gender and culture in education for Black students and educators in Canada.
We also spoke with Michelle Stack, an associate professor in UBC’s Department of Educational Studies whose work looks at educational policy, university rankings and equity and education.
At a time when critical conversations in higher education are under attack worldwide, can Canadian universities rise to the challenge and be a force for good?
Read more:
Universities should stand up for integrity and public trust in university teaching
How Commonwealth universities profited from Indigenous dispossession through land grants
Universities should respond to cuts and corporate influence with co-operative governance
Cops on campus: Why police crackdowns on student protesters are so dangerous
Student protests: How the university perpetuates colonial violence on campus
This episode was coproduced by Ateqah Khaki (associate producer), Marisa Sittheeamorn (student journalist) and Jennifer Moroz (consulting producer). Our sound engineer was Alain Derbez, with onsite assistance from Josh Mattson. Thank you to UBC’s Global Journalism Innovation Lab and its crew, The UBC School of Journalism and the Social Science Research Council of Canada for their generous support.
– ref. The world is in crisis – what role should our universities play? – https://theconversation.com/the-world-is-in-crisis-what-role-should-our-universities-play-250235