Source: Reserve Bank of India
Ajit Prasad Press Release: 2024-2025/2214 |
Source: Reserve Bank of India
Ajit Prasad Press Release: 2024-2025/2214 |
Source: GlobalData
APAC motor insurance industry to surpass $301 billion by 2029, forecasts GlobalData
Posted in Insurance
The motor insurance industry in the Asia-Pacific (APAC) region is projected to grow at a compound annual growth rate (CAGR) of 5.6% from an estimated $229.2 billion in 2024 to $301.7 billion in 2029, in terms of written premiums, according to GlobalData, a leading data and analytics company.
GlobalData’s Global Motor Insurance Market report reveals that China, Japan, Australia, South Korea, and India are the key markets in the APAC motor insurance industry, collectively accounting for 92% of the industry’s written premiums in the region in 2024. The industry is expected to grow by 5.6% in 2025 driven by increased sales of motor vehicles including electric vehicles (EVs), government subsidies and carbon dioxide reduction policies, regulatory changes, increasing motor insurance tariffs, and technological advancements.
Swarup Kumar Sahoo, Senior Insurance Analyst at GlobalData, comments: “The APAC motor insurance market is witnessing a transformation, driven by the rise of EVs and regulatory changes. The region’s economic growth and demographic shifts are also playing a crucial role in shaping the market dynamics. For instance, the surge in vehicle sales post-COVID-19 has increased motor policy sales. Additionally, the increasing adoption of AI and digitalization in the insurance industry is enhancing service quality and operational efficiency, paving the way for future growth.”
Insurers are developing new policies to cover EVs, which come with a new set of risks, as EV sales increased significantly in 2023-24 and further growth is anticipated in 2025 and beyond. Regulatory bodies in Taiwan, Singapore, and China are formulating specific insurance regulations for EV-related products, ensuring that the market adapts to the evolving landscape. This trend is expected to continue, with government subsidies and carbon reduction policies further boosting EV sales and, consequently, motor insurance demand.
The strategic move by vehicle manufacturers to acquire insurance companies will also contribute to the growth. In May 2024, BYD, an electric carmaker, received regulatory approval for its new motor liability insurance offering after acquiring an insurance company in China. This trend highlights the increasing integration of vehicle manufacturers and insurance providers to offer enhanced experience for consumers and expand the market’s reach. The rise in new energy vehicles (NEVs) in China, accounting for a third of sales in 2023, underscores the potential for further growth in the motor insurance sector.
Sahoo adds: “The adoption of AI and digitalization is also reshaping the motor insurance landscape in APAC. Insurers are leveraging vast amounts of data to develop risk curves and pricing models for NEVs, enhancing their ability to offer competitive and tailored products. However, the market remains tightly regulated, with constraints on premium increases posing challenges for insurers. Despite these hurdles, the focus on underwriting rigor and moderate rate increases is expected to sustain profitability and drive growth in the coming years.”
Pay As You Drive (PAYD) motor policies are becoming increasingly popular in the APAC markets such as South Korea, Singapore, Malaysia, and India. As the major benefit of such policies is lower premium rates based on good driving behavior, distance traveled, and driving patterns, its wider adoption and popularity will offset premium hikes in the short term, impacting the industry’s performance.
Sahoo concludes: “The increasing adoption of EVs, pay-as-you-go policies, regulatory advancements, and technological innovations are set to redefine the market landscape. As countries like Indonesia plan to mandate motor third-party liability insurance and Malaysia aims for a significant EV market share by 2030, the motor insurance market in APAC is poised for substantial growth. Insurers must continue to adapt to these changes, leveraging technology and strategic partnerships to capitalize on emerging opportunities and ensure sustained success.”
Source: Reserve Bank of India
Ajit Prasad Press Release: 2024-2025/2213 |
Source: Asia Development Bank
The brief breaks down the Industrial Park Rating System 2.0 (IPRS) and explains how it measures factors including internal and external infrastructure, environment and safety, and business support services. It details how the results of IPRS 2.0 informed the Government of India’s decision to develop 100 investment-ready industrial parks and why IPRS 3.0 will be key to supporting innovation, boosting trade, and enhancing sustainability.
Source: Reserve Bank of India
Ajit Prasad Press Release: 2024-2025/2212 |
Source: Reserve Bank of India
|
In the underwriting auction conducted on February 21, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:
Ajit Prasad Press Release: 2024-2025/2211 |
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Source: The Conversation (Au and NZ) – By Mia Schaumberg, Associate Professor in Physiology, School of Health, University of the Sunshine Coast
You may have noticed that changes in weight are sometimes accompanied by changes in your period.
But what does one really have to do with the other?
Maintaining a healthy weight is key to regular menstruation. Here’s why – and when to talk to your doctor.
The menstrual cycle – including when you bleed and ovulate – is regulated by a balance of hormones, particularly oestrogen.
The ovaries are connected to the brain through a hormonal signalling system. This acts as a kind of “chain of command” of hormones controlling the menstrual cycle.
The brain produces a key hormone, called the gonadotropin-releasing hormone, in the hypothalamus. It stimulates the release of other hormones which tell the ovaries to produce oestrogen and release a mature egg (ovulation).
But the release of the gonadotropin-releasing hormone depends on oestrogen levels and how much energy is available to the body. Both of these are closely related to body weight.
Oestrogen is primarily produced in the ovaries, but fat cells also produce oestrogen. This is why weight – and more specifically body fat – can affect menstruation.
The body prioritises conserving energy. When reserves are low it stops anything non-essential, such as reproduction.
This can happen when you are underweight, or suddenly lose weight. It can also happen to people who undertake intense exercise or have inadequate nutrition.
The stress sends the hypothalamus into survival mode. As a result, the body lowers its production of the hormones important to ovulation, including oestrogen, and stops menstruation.
Being chronically underweight means not having enough energy available to support reproduction, which can lead to menstrual irregularities including amenorrhea (no periods at all).
This results in very low oestrogen levels and can cause potentially serious health risks, including infertility and bone loss.
Missing periods is not always a cause for concern. But a chronic lack of energy availability can be, if not addressed. The two are linked, meaning understanding your period and being aware of any prolonged changes is important.
Higher body fat can elevate oestrogen levels.
When you’re overweight your body stores extra energy in fat cells, which produce oestrogen and other hormones and can cause inflammation in the body. So, if you have a lot of fat cells, your body produces an excess of these hormones. This can affect normal functioning of the uterus lining (endometrium).
Excess oestrogen and inflammation can interfere in the feedback system to the brain and stop ovulation. As a result, you may have irregular or missed periods.
It can also lead to pain (dysmenorrhea) and heavier bleeding (menorrhagia).
Being overweight can sometimes worsen premenstrual syndrome as well. One study found for every 1 kg increase in height (m²) in body mass index (BMI), the risk of premenstrual syndrome went up by 3%. Women with a BMI over 27.5 kg/m² had a much higher risk than those with a BMI under 20 kg/m².
Read more:
What is premenstrual dysphoric disorder? And how is it different to PMS?
Sometimes weight changes are linked to hormonal balances that indicate an underlying condition.
For example, people with polycystic ovary syndrome may gain weight or find it hard to lose weight because they have a hormonal imbalance, including higher levels of testosterone.
The syndrome is also associated with irregular periods and heavy bleeding. So, if you notice these symptoms, it’s a good idea to talk to your doctor.
Similarly, weight changes and irregular periods in midlife might signal the start of perimenopause, the period before menopause (when your periods stop altogether).
Small changes in when your period comes or how long it lasts are usually harmless.
Similarly, slight fluctuations in weight won’t usually have a significant impact on your period – or the changes may be so subtle you don’t notice them.
But regular menstruation is an important marker of female health. Sometimes changes in flow, regularity or the pain you experience can indicate there’s something else going on.
If you notice changes and they don’t feel right to you, speak to a health care provider.
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. I lost weight and my period stopped. How are weight and menstruation linked? – https://theconversation.com/i-lost-weight-and-my-period-stopped-how-are-weight-and-menstruation-linked-244401
Source: The Conversation – Global Perspectives – By Mia Schaumberg, Associate Professor in Physiology, School of Health, University of the Sunshine Coast
You may have noticed that changes in weight are sometimes accompanied by changes in your period.
But what does one really have to do with the other?
Maintaining a healthy weight is key to regular menstruation. Here’s why – and when to talk to your doctor.
The menstrual cycle – including when you bleed and ovulate – is regulated by a balance of hormones, particularly oestrogen.
The ovaries are connected to the brain through a hormonal signalling system. This acts as a kind of “chain of command” of hormones controlling the menstrual cycle.
The brain produces a key hormone, called the gonadotropin-releasing hormone, in the hypothalamus. It stimulates the release of other hormones which tell the ovaries to produce oestrogen and release a mature egg (ovulation).
But the release of the gonadotropin-releasing hormone depends on oestrogen levels and how much energy is available to the body. Both of these are closely related to body weight.
Oestrogen is primarily produced in the ovaries, but fat cells also produce oestrogen. This is why weight – and more specifically body fat – can affect menstruation.
The body prioritises conserving energy. When reserves are low it stops anything non-essential, such as reproduction.
This can happen when you are underweight, or suddenly lose weight. It can also happen to people who undertake intense exercise or have inadequate nutrition.
The stress sends the hypothalamus into survival mode. As a result, the body lowers its production of the hormones important to ovulation, including oestrogen, and stops menstruation.
Being chronically underweight means not having enough energy available to support reproduction, which can lead to menstrual irregularities including amenorrhea (no periods at all).
This results in very low oestrogen levels and can cause potentially serious health risks, including infertility and bone loss.
Missing periods is not always a cause for concern. But a chronic lack of energy availability can be, if not addressed. The two are linked, meaning understanding your period and being aware of any prolonged changes is important.
Higher body fat can elevate oestrogen levels.
When you’re overweight your body stores extra energy in fat cells, which produce oestrogen and other hormones and can cause inflammation in the body. So, if you have a lot of fat cells, your body produces an excess of these hormones. This can affect normal functioning of the uterus lining (endometrium).
Excess oestrogen and inflammation can interfere in the feedback system to the brain and stop ovulation. As a result, you may have irregular or missed periods.
It can also lead to pain (dysmenorrhea) and heavier bleeding (menorrhagia).
Being overweight can sometimes worsen premenstrual syndrome as well. One study found for every 1 kg increase in height (m²) in body mass index (BMI), the risk of premenstrual syndrome went up by 3%. Women with a BMI over 27.5 kg/m² had a much higher risk than those with a BMI under 20 kg/m².
Read more:
What is premenstrual dysphoric disorder? And how is it different to PMS?
Sometimes weight changes are linked to hormonal balances that indicate an underlying condition.
For example, people with polycystic ovary syndrome may gain weight or find it hard to lose weight because they have a hormonal imbalance, including higher levels of testosterone.
The syndrome is also associated with irregular periods and heavy bleeding. So, if you notice these symptoms, it’s a good idea to talk to your doctor.
Similarly, weight changes and irregular periods in midlife might signal the start of perimenopause, the period before menopause (when your periods stop altogether).
Small changes in when your period comes or how long it lasts are usually harmless.
Similarly, slight fluctuations in weight won’t usually have a significant impact on your period – or the changes may be so subtle you don’t notice them.
But regular menstruation is an important marker of female health. Sometimes changes in flow, regularity or the pain you experience can indicate there’s something else going on.
If you notice changes and they don’t feel right to you, speak to a health care provider.
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. I lost weight and my period stopped. How are weight and menstruation linked? – https://theconversation.com/i-lost-weight-and-my-period-stopped-how-are-weight-and-menstruation-linked-244401
Source: Reserve Bank of India
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Source: The White House
LEAVITT: I know a couple of these individuals have a meeting to get to at 2:00 p.m. So, you’re welcome to follow up with my team for further questions. We’re going to let these guys get back to running the United States government.
And we will see you all later. President Trump will be speaking at 3 o’clock at the Black History Month reception.
So, thank you. It’s good to see you. We’ll see you in a bit. Thanks.
Q Are you going to the Black History Month reception, Mr. Miller?
Q Stephen, on the fraud. Should we expect indictments?
Q What is your reaction to Mitch McConnell’s retirement?
Q Are there indictments coming for all the fraud we’ve found?
MR. MILLER: I’d love to follow up with you. Just set up a time with Karoline.
Q Okay. Thank you.
END 1:56 P.M. EST
US Senate News:
Source: United States Senator for Iowa Chuck Grassley
WASHINGTON – Sen. Chuck Grassley (R-Iowa), a senior member and former chairman of the Senate Finance Committee, joined Sen. Amy Klobuchar (D-Minn.) in reintroducing the Safe and Affordable Drugs from Canada Act. The bipartisan bill would allow Americans to safely import prescription drugs from Canada – lowering costs, increasing access and strengthening competition in the pharmaceutical market.
“Congress must take an all-of-the-above approach to lowering the price of prescription drugs. Our commonsense, bipartisan bill would provide Americans increased access to safe, affordable prescription drugs available in Canada, while boosting much-needed competition in the pharmaceutical industry,” Grassley said.
“Americans pay the highest prices in the world for prescription drugs,” Klobuchar said. “Our bipartisan legislation would save Americans money by allowing them to import their medications from pharmacies in Canada. Brand-name prescription drugs that we invent here in America cost more than twice as much in the United States as in Canada. Americans deserve better. Building on my legislation to allow Medicare to negotiate lower prescription drug costs, I will continue to work to increase competition in the pharmaceutical market so Americans no longer get ripped off by Big Pharma.”
Find bill text HERE.
Background:
Lowering the cost of prescription drugs and increasing transparency in the pharmaceutical industry are among Grassley’s top priorities. This Congress, he introduced two bipartisan bills to shine light on the shady practices of pharmacy benefit managers (PBMs), as well as legislation to boost price transparency in prescription drug advertisements.
In 2017, Grassley urged the Department of Health and Human Services (HHS) to use its statutory authority under the Medicare Prescription Drug Improvement and Modernization Act of 2003 to fast-track the importation of prescription drugs from Canada under certain circumstances. In 2020, the first Trump administration finalized regulations and issued guidance allowing states and Indian Tribes to import prescription drugs from Canada under certain circumstances and with the U.S. Food and Drug Administration’s approval. Additionally, Grassley in 2021 sent a bipartisan letter to HHS highlighting his commitment to securing the importation of certain prescription drugs from Canada.
-30-
US Senate News:
Source: United States Senator Ron Wyden (D-Ore)
February 20, 2025
Washington, D.C. — U.S. Senator Ron Wyden said today he has joined Senate colleagues in condemning Elon Musk and Donald Trump’s efforts to lay off Indian Health Service staff at a time when a significant health care workforce shortage already exists for Tribal communities in Oregon and nationwide.
“Tribal Nations have a legal and political relationship with the United States, and the federal government has a fundamental obligation to fulfill its treaty and trust responsibilities to Tribal Nations – an obligation that includes providing services such as health care to Native communities,” wrote Wyden along with nine other senators.
Recent reports show more than 850 IHS employees, who provide critical medical care for Tribal communities, are at risk of being immediately laid off.
“Not only will this lead to worse health outcomes, but overall costs will also rise. With less health care services at existing IHS facilities, there will be increased Purchased Referred Care referrals. This will increase costs for the Federal government and require increased travel, accommodations, and expenses, creating increased hardships and barriers for patients and families seeking care far from where they live on Tribal lands.,” the senators continued.
The letter was led by U.S. Senator Ben Ray Luján D-N.M. In addition to Wyden, the letter was signed by U.S. Senators Alex Padilla, D-Calif., Tina Smith, D-Minn., Kirsten Gillibrand, D-N.Y., Martin Heinrich, D-N.M., Ruben Gallego, D-Ariz., Elizabeth Warren, D-Mass., Mark Kelly, D-Ariz., and Catherine Cortez Masto, D-Nev.
Full text of the letter is here.
Source: GlobeNewswire (MIL-OSI)
OVERLAND PARK, Kan., Feb. 20, 2025 (GLOBE NEWSWIRE) — Hundreds of Customers LLC is excited to announce the launch of HabaneroSocial.com, a state-of-the-art platform designed to transform the management of Google Business Profiles (GBP). Powered by artificial intelligence (AI) and the innovative AI assistant “Samwise,” Habanero Social offers businesses an automated solution to optimize their GBP, improve local SEO, and streamline reputation management—allowing them to focus on growth while boosting their online presence.
Habanero Social AI-Driven Google Business Profile Automation Platform from Hundreds of Customers LLC
In today’s digital-first world, businesses must maintain an optimized Google Business Profile to stay competitive. Traditional methods of managing a GBP can be time-consuming and inefficient. Habanero Social solves this problem by automating crucial tasks like content publishing, review management, and local SEO optimization, using Samwise to keep businesses ahead of the competition.
In addition to Habanero Social, Hundreds of Customers LLC also offers Rank With News, a guaranteed SEO service designed to improve website rankings through strategic media placements. By combining Rank With News with Habanero Social, businesses now have a complete, integrated solution to enhance both their local search visibility and global online authority.
Key Features of the Habanero Social Platform:
“Habanero Social is the perfect solution for businesses that want to improve their Google Business Profile and boost their local SEO without the hassle,” said Justin West, founder of Hundreds of Customers LLC. “With the added power of our Rank With News SEO service, businesses can not only dominate local search results but also enhance their brand authority through guaranteed media placements.”
“As a business owner, you understand the importance of being visible to potential customers on platforms like Google My Business and Google Maps. With the right SEO strategy in place, your SEO efforts can help your business stand out, but managing everything manually can be overwhelming. Fortunately, using advanced SEO tools like Habanero Social allows you to automate business listings, optimize Google My Business profiles, and stay on top of important business updates—all while reducing repetitive tasks that can drain your time. Whether you’re managing multi-location businesses or working to improve customer satisfaction, our platform provides actionable insights to enhance SEO performance and boost your online visibility.
“By automating social media posts and gathering positive reviews,” West continued, “you can improve your online reputation and drive organic traffic to your site. The platform offers real-time rank tracking, allowing you to monitor your SEO rankings and search performance as it evolves. From keyword optimization to content writers creating SEO- optimized content, you’ll gain valuable insights into your keyword rankings and see improvements in organic search results. Stay ahead of the curve with real-time updates on your social media platforms and search engine optimization, all while tracking your organic traffic and ensuring your customer interactions are optimized for success.”
The Habanero Social platform offers businesses a comprehensive understanding of their Google Business Profile and optimizes it through AI-driven optimizations. By automating the post creation process and providing AI-generated Google Business posts, businesses can ensure relevant, high-quality content is consistently published, addressing content gaps that may hinder their visibility. The AI-powered platform streamlines data-heavy, repetitive tasks, allowing businesses to focus on growth while AI-driven summaries and data-driven insights guide their SEO efforts. 1-click publishing enables quick and easy updates, ensuring regular updates to the Google Business Profile, even for businesses with a physical location. Additionally, businesses can use this automation tool to address SEO obstacles, such as responding to negative reviews and consistently publishing high-quality content across their profiles, all without needing an SEO agency.
With the growing importance of maintaining an active and optimized Google My Business Management profile, businesses are turning to AI-powered solutions for efficient and streamlined operations. Effective content creation, including the publishing of relevant content and regular updates, is crucial to keeping a Google Business Profile engaging and up- to-date. By automating the process of posting fresh content, businesses can ensure their profiles remain active, improving search engine rankings and increasing visibility on Google Search and Maps. These systems also help businesses monitor their customer reviews and facilitate timely review replies, which are key for fostering customer engagement and driving foot traffic. Additionally, AI tools provide comprehensive insights into search volume and customer feedback, enabling businesses to target relevant keywords that improve their visibility in local search results.
A complete digital footprint includes not only optimized content but also accurate business details and business citations across trusted platforms. With proprietary citation management tools, businesses can easily ensure that their essential details—such as location, contact information, and services—are consistent across the web, further boosting their SEO efforts. The use of an AI-powered content editor can help businesses create content tailored to effective keywords, making it easier to address SEO obstacles and stay competitive. As businesses see progress over time through increased search visibility, these platforms provide valuable data on performance, including tracking key metrics like customer engagement and search engine rankings. By utilizing these tools, businesses can gain deeper insights into their online presence and leverage the data to optimize their approach to local SEO and increase relevant content output consistently.
Rank With News offers businesses a guaranteed SEO solution that places them on the first page of Google through high-quality media coverage. These media placements drive traffic to their websites, strengthen their online authority, and improve search rankings, creating the perfect complement to Habanero Social’s automated GBP management and local SEO capabilities.
Hundreds of Customers LLC on Google Maps
Habanero Social AI-Driven Google Business Profile Automation Platform from Hundreds of Customers LLC
About Hundreds of Customers LLC
Hundreds of Customers LLC is a digital marketing firm focused on providing innovative solutions for businesses looking to grow their online presence. With the launch of Habanero Social, the company continues to lead the way in AI-powered marketing, offering businesses powerful tools for optimizing their Google Business Profiles. Additionally, through its Rank With News service, Hundreds of Customers LLC helps businesses achieve guaranteed SEO results through media placements that enhance their authority and search rankings.
Press Inquiries
Hundreds of Customers LLC / Rank With News
https://rankwith.news
Justin West
justin@rankwith.news
913 203 4252
9200 Indian Creek Pkwy
STE #047b
Overland Park, KS 66210
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/db9f5012-89f3-4c07-bd8a-59eef0d95118
https://www.globenewswire.com/NewsRoom/AttachmentNg/a655bea2-9f69-4f8b-abbc-cc921d39c72c
https://www.globenewswire.com/NewsRoom/AttachmentNg/551959bd-9f31-4ed7-8c8a-c0ea74b232d5
A video accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/b12912c9-9328-4de4-a8ea-20f110e7e8ed
US Senate News:
Source: United States Senator for Kansas Roger Marshall
Washington, DC – U.S. Senators Roger Marshall, M.D. (R-Kansas), John Cornyn (R-Texas), and 28 of their Senate GOP colleagues today sent a letter to the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) Deputy Director Marvin Richardson, urging him to align the agency with President Donald Trump’s Second Amendment priorities laid out in his recent Executive Order.
They also called on Deputy Director Richardson to identify and rescind former President Joe Biden’s unlawful firearms regulations, including the “Engaged in the Business” rule, pistol brace rule, so-called “ghost gun” rule, and “zero tolerance” policy under which the ATF has revoked the licenses of federal firearm licensees (FFLs) over minor bookkeeping violations.
The Senators wrote: “On Friday, February 7, 2025, President Donald J. Trump took decisive action to reaffirm law-abiding Americans’ Second Amendment rights in issuing his Executive Order, Protecting Second Amendment Rights. We urge you to immediately align the ATF’s rules and policies with the President’s strong support for the Second Amendment.”
“Under former President Joe Biden, the ATF adopted numerous policies and rules that infringed upon Americans’ Second Amendment protections. President Trump’s Executive Order directs Attorney General Pam Bondi to review and develop a plan of action regarding President Biden’s unlawful firearms regulations. We ask that you work with the Attorney General to quickly identify and rescind these policies.”
Joining Senator Marshall, Senator Cornyn, and Senate Majority Leader John Thune (R-South Dakota) are Senators Thom Tillis (R-North Carolina), John Barrasso (R-Wyoming), Cindy Hyde-Smith (R-Mississippi), Shelley Moore Capito (R-West Virginia), Jim Justice (R-West Virginia), Jim Risch (R-Idaho), Cynthia Lummis (R-Wyoming), Steve Daines (R-Montana), Ted Cruz (R-Texas), Kevin Cramer (R-North Dakota), Mike Crapo (R-Idaho), James Lankford (R-Oklahoma), John Hoeven (R-North Dakota), Rick Scott (R-Florida), Lindsey Graham (R-South Carolina), Ted Budd (R-North Carolina), Bill Hagerty (R-Tennessee), Tim Sheehy (R-Montana), Pete Ricketts (R-Nebraska), Bill Cassidy (R-Louisiana), Joni Ernst (R-Iowa), Marsha Blackburn (R-Tennessee), Todd Young (R-Indiana), Markwayne Mullin (R-Oklahoma), Deb Fischer (R-Nebraska), Jim Banks (R-Indiana), and Jerry Moran (R-Kansas).
The full text of the letter is available HERE.
Source: Office of United States Attorneys
AUSTIN, Texas – An Indian national was sentenced in a federal court in Austin today to 97 months in prison for conspiracy to commit money laundering.
According to court documents, Moinuddin Mohammed, 34, engaged in a conspiracy to launder proceeds of a scheme to defraud elderly victims out of hundreds of thousands of dollars in cash and gold. Mohammed was a courier who picked up the cash and gold from vulnerable elderly people. The international conspiracy originated from India and involved the impersonation of government officials in order to convince the victims to turn over millions of dollars from their retirement and savings accounts.
Multiple victims were contacted by a person claiming to be the United States Attorney for the Southern District of Texas, who told the victims that they were under investigation or at risk of financial loss. The victims were told that they would need to deposit cash, gold or other items of financial value in order to resolve the investigation or prevent the loss. One victim was defrauded of more than $300,000, another was defrauded of approximately $151,500, and a third victim lost a total of approximately $470,000 to the fraud scheme. Nationwide, investigators identified 21 victims who lost a total of nearly $6 million to the scheme.
In addition to his imprisonment, Mohamed will pay full restitution in the approximate amount of $960,000, forfeits $20,000 in cash that was seized by investigators, and forfeits a money judgement in the amount of $16,000.
“The significant sentence of this courier for an international fraud scheme sends a strong message that we will investigate and prosecute those at every level of the organization,” said Acting U.S. Attorney Margaret Leachman for the Western District of Texas. “Mohammed illegally used the likeness of government officials to prey on and victimize the vulnerable, elderly people in our community, and fraudsters like him will be held accountable.”
“Mohammed targeted some of our most vulnerable elderly citizens in an effort to line his own pockets and the pockets of foreign fraudsters,” said Special Agent in Charge Aaron Tapp for the FBI’s San Antonio Field Office. “The FBI continues to see an uptick in financial scams targeting our elderly population and we work every day to bring awareness to our victims and justice to those who perpetuate these devastating schemes. We want to thank our U.S. Attorney’s Office for aggressively pursuing justice for those who fell victim to this scammer. Cases like this are a priority for the FBI and we encourage anyone who has been a victim of a financial scam to contact your local FBI office or go to www.IC3.gov. We also encourage the public to review the FBI’s last report on Elder Fraud to educate yourselves and protect those you love.”
The FBI investigated the case.
Assistant U.S. Attorney Keith Henneke prosecuted the case.
###
Source: GlobeNewswire (MIL-OSI)
LOGANSPORT, Ind., Feb. 20, 2025 (GLOBE NEWSWIRE) — Logansport Financial Corp. (OTCBB – Symbol “LOGN”), an Indiana corporation which is the holding company for Logansport Savings Bank, a State Commercial bank located in Logansport, Indiana, announces that Logansport Financial Corp. has declared a quarterly cash dividend of $.45 on each share of its common stock for the first quarter of 2025. The dividend is payable on April 14, 2025 to the holders of record on March 13, 2025.
Contact: Kristie Richey
Chief Financial Officer
Phone 574-722-3855
Fax 574-722-3857
Source: GlobeNewswire (MIL-OSI)
ROSEMONT, Ill., Feb. 20, 2025 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (“Wintrust”) (Nasdaq: WTFC) will present at the Raymond James 46th Annual Institutional Investors Conference to be held on March 2 – 5, 2025. Wintrust management will participate in a question and answer session that is scheduled to begin at 10:25 AM, Eastern Time, on March 3, 2025.
This event will be webcast and may be accessed at https://wsw.com/webcast/rj131/wtfc/1602900 or at Wintrust’s website at www.wintrust.com, Investor Relations, Investor News and Events, Presentations and Conference Calls. Listeners should go to the website at least fifteen minutes before the presentation to download and install any necessary audio software. There is no charge to access the event. For those unable to attend the live broadcast, a replay will be available for 90 days after the conference.
About Wintrust
Wintrust is a financial holding company with approximately $65 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 CONTACT:
Timothy S. Crane, President & Chief Executive Officer
David A. Dykstra, Vice Chairman & Chief Operating Officer
(847) 939-9000
Website address: www.wintrust.com
Source: US State of Connecticut
(HARTFORD, CT) – Governor Ned Lamont today announced that from Sunday, February 23, to Saturday, March 1, 2025, he will head a delegation of state officials and business leaders from Connecticut on an economic development mission in India, where they will meet with executives of companies and key government officials to discuss strategies that will build stronger economic ties between Connecticut and India.
The delegation includes Connecticut Economic and Community Development Commissioner Daniel O’Keefe; former PepsiCo CEO Indra Nooyi; UConn President Radenka Maric; Yale University Vice Provost for Research Michael Crair; Connecticut Innovations CEO Matthew McCooe; and executives from Advance Connecticut, a business-driven nonprofit organization that works to engage, retain, and recruit businesses to Connecticut. Infosys CEO Salil Parekh, who is a board member of Advance Connecticut and resides in India, will host the group during the visit. The delegation will be traveling to Chennai, Bangalore, and Mumbai.
“There are several notable Indian companies that have expressed interest in expanding their operations to North America, and we plan on meeting with them to let them know why Connecticut is an excellent place for them to select as their base of operations,” Governor Lamont said. “We will also meet with executives from several Indian companies that are already operating in our state, such as Infosys and Tata Consultancy Services. Connecticut and India have many unique connections, and we want to strengthen that bond and increase it to its full economic potential.”
In addition to one-on-one meetings with corporate decision makers representing Indian companies, the delegation will be participating in events such as Venture Clash, a roundtable discussion on quantum computing, and an MOU signing, which will be announced during the visit.
The socio-economic ties between Connecticut and India are strong. Indians make up the second-largest foreign-born population in the state, and Connecticut has the seventh highest population of Indian residents proportionally in the United States, with numerous Indian cultural groups operating in every corner of the state. As a result of this, Connecticut receives the ninth most tourism dollars spent by Indian travelers per capita in the United States.
India-born residents in Connecticut make up 14% (38,000) of the state’s foreign-born population. Of the19,990 international students studying in Connecticut, 7,200 are from India, making it the top country of origin of international students in the state. Approximately 36.5% of international students in Connecticut are from India, compared to 29.4% nationally.
“Connecticut has been successful at attracting Indian technology companies, especially fintech and insurtech companies that have clients in Hartford and Stamford,” Commissioner O’Keefe said. “We also have the advantage of an excellent location from which these companies can easily access their clients in the large metro areas of Montreal, Toronto, New York, and Boston from a Connecticut-based headquarters location.”
“We have a number of Indian companies operating in Connecticut,” John Bourdeaux, president and CEO of Advance Connecticut, said. “Equally, there are several Connecticut-headquartered companies with operations in India, including Amphenol and Stanley Black & Decker, among others. Creating stronger connections with Indian business leaders will be a win-win for the state and for the companies. Indian companies integrate successfully into the Connecticut business ecosystem and the Connecticut economy benefits greatly from their growing businesses.”
Governor Lamont may adjust his schedule and return to Connecticut earlier than currently planned if it is determined to be necessary.
US Senate News:
Source: United States Senator for Hawaii Brian Schatz
WASHINGTON – U.S. Senators Brian Schatz (D-Hawai‘i) and Mazie K. Hirono (D-Hawai‘i) and U.S. Representatives Ed Case (D-Hawai‘i) and Jill Tokuda (D-Hawai‘i) today introduced a resolution celebrating Mahina ‘Olelo Hawai‘i, also known as Hawaiian Language Month.
“This February, we celebrate Mahina ‘Olelo Hawai‘i and the people, schools, and programs that work every day to preserve the Hawaiian language and culture,” said Senator Schatz, vice chairman of the Senate Committee on Indian Affairs. “The resurgence of the Hawaiian language not only serves as a model for Indigenous communities around the world, but also as an example of the strength and resilience of the Hawaiian community.”
“Indigenous languages are an important part of our country’s history and fabric,” said Senator Hirono. “Yet various laws, practices, and prejudices led to many indigenous languages dying, or nearly dying out. Hawai‘i’s indigenous, Hawaiian language, or ‘Olelo Hawai‘i, was similarly nearly made extinct by misguided policies banning the language from being taught in schools or used in official governing documents. Through perseverance the Native Hawaiian community protected and revitalized the use of ‘Olelo Hawai‘i, but the language is still endangered and we must continue working to protect it. I am proud to join my colleagues in reintroducing this resolution to celebrate Mahina ‘Olelo Hawai‘i, and I will keep advocating for the preservation of Native Hawaiian language and culture. E ola ka ‘olelo Hawai‘i.”
“Olelo Hawai‘i is not just the language of the Kanaka Maoli, but an inseparable part of the living, breathing soul of our Hawai‘i,” said Representative Case. “We know from our own two-and-a-half century post-contact experience that the languages and cultures of our indigenous peoples around the world can and do disappear, that the fates of our indigenous peoples and of all of us who inhabit their ancestral homes are tied to the survival and prosperity of this heritage, and that it takes conscious, ongoing effort to ensure that survival. Hawaiian Language Month is not only a commemoration of the success story of Olelo Hawai‘i, but a recommitment to the continued effort that will always be required.”
“I am proud to join my colleagues from the Aloha State in introducing this resolution, which recognizes, promotes, and celebrates ‘Olelo Hawai‘i,” said Representative Tokuda. “The Hawaiian language was once banned to near extinction, but after years of revitalization efforts, is now heard all over Hawai‘i and reminds us daily about the culture in which we live. This resolution highlights the significance of ‘Olelo Hawai‘i to our state, and the need to fight for its continued respect so future generations can proudly learn and use their ancestral language.”
Schatz, who serves as vice chairman of the Senate Committee on Indian Affairs, has authored several laws promoting Native languages, including the Native American Language Resource Center Act, which awarded a consortium led by the University of Hawai‘i at Hilo with $6.6 million to establish the first National Native American Language Resource Center. The federal funding is providing resources to foster collaboration and promote the use of Native American languages across the country.
The resolution text is available here.
Source: NASA
Introduction
The NASA Land-Cover and Land-Use Change (LCLUC) is an interdisciplinary scientific program within NASA’s Earth Science program that aims to develop the capability for periodic global inventories of land use and land cover from space. The program’s goal is to develop the mapping, monitoring and modeling capabilities necessary to simulate the processes taking place and evaluate the consequences of observed and predicted changes. The South/Southeast Asia Research Initiative (SARI) has a similar goal for South/Southeast Asia, as it seeks to develop innovative regional research, education, and capacity building programs involving state-of-the-art remote sensing, natural sciences, engineering, and social sciences to enrich land use/cover change (LUCC) science in South/Southeast Asia. Thus it makes sense for these two entities to periodically meet jointly to discuss their endeavors.
The latest of these joint meetings took place January 1–February 2, 2024, in Hanoi, Vietnam. A total of 85 participants attended the three-day, in-person meeting—see Photo. A total of 85 participants attended the three-day, in-person meeting. The attendees represented multiple international institutions, including NASA (Headquarters and Centers), the University of Maryland, College Park (UMD), other American academic institutions, the Vietnam National Space Center (VNSC, the event host), the Vietnam National University’s University of Engineering and Technology, and Ho Chi Minh University of Technology, the Japanese National Institute of Environmental Studies (NIES), Center for Environmental Sciences, and the University of Tokyo. In addition, several international programs participated, including GEO Global Agricultural Monitoring (GEOGLAM), the System for Analysis, Research and Training (START), Global Observation of Forest and Land-use Dynamics (GOFC–GOLD), and NASA Harvest.
Meeting Overview
The purpose of the 2024 NASA LCLUC–SARI Synthesis meeting was to discuss LUCC issues – with a particular focus on their impact on Southeast Asian countries. Presenters highlighted ongoing projects aimed to advance our understanding of the spatial extent, intensity, social consequences, and impacts on the environment in South/Southeast Asian countries. While presenters reported on specific science results, they also were intentional to review and synthesize work from other related projects going on in Southeast Asia.
Meeting Goal
The meeting’s overarching goal was to create a comprehensive and holistic understanding of various LUCC issues by examining them from multiple angles, including: collating information; employing interdisciplinary approaches; integrating research; identifying key insights; and enhancing regional collaborations. The meeting sought to bring the investigators together to bridge gaps, promote collaborations, and advance knowledge regarding LUCC issues in the region. The meeting format also provided ample time between sessions for networking to promote coordination and collaboration among scientists and teams.
Meeting and Summary Format
The meeting consisted of seven sessions that focused on various LUCC issues. The summary report that follows is organized by day and then by session. All presentations in Session I and II are summarized (i.e., with all speakers, affiliations, and appropriate titles identified). The keynote presentation(s) from Sessions III–VI are summarized similarly. The technical presentations in each of these sessions are presented as narrative summaries. Session VII consisted of topical discussions to close out the meeting and summaries of these discussions are included herein. Sessions III–VI also included panel discussions, but to keep the article length more manageable, summaries of these discussions have been omitted. Readers interested in learning more about the panel discussions or viewing any of these presentations in full can access the information on the Joint LCLUC–SARI Synthesis meeting website.
DAY ONE
The first day of the meeting included welcoming remarks from the U.S. Ambassador to Vietnam (Session I), program executives of LCLUC and SARI, as well as from national space agencies in South and Southeast Asia (Session II), and other LCLUC-thematic/overview presentations (Session III).
Session 1: Welcoming Remarks
Garik Gutman [NASA Headquarters—LCLUC Program Manager], Vu Tuan [VNSC’s Vietnam Academy of Science and Technology (VAST)—Vice Director General], Chris Justice [University of Maryland, College Park (UMD)—LCLUC Program Scientist], Matsunaga Tsuneo [National Institute of Environmental Studies (NIES), Japan], and Krishna Vadrevu [NASA’s Marshall Space Flight Center—SARI Lead] delivered opening remarks that highlighted collaborations across air pollution, agriculture, forestry, urban development, and other LUCC research areas. While each of the speakers covered different topics, they emphasized common themes, including advancing new science algorithms, co-developing products, and fostering applications through capacity building and training.
After the opening remarks, special guest Marc Knapper [U.S. Ambassador to Vietnam] gave a presentation in which he emphasized the value of collaborative research between U.S. and Vietnamese scientists to address environmental challenges – especially climate change and LUCC issues. He expressed appreciation to the meeting organizers for promoting these collaborations and highlighted the joint initiatives between NASA and the U.S. Agency for International Development (USAID) to monitor environmental health and climate change, develop policies to reduce emissions, and support adaptation in agriculture. The U.S.–Vietnam Comprehensive Strategic Partnership emphasizes the commitment to address climate challenges and advance bilateral research. He concluded by encouraging active participation from all attendees and stressed the need for ongoing international collaboration to develop effective LUCC policies.
Session-II: Programmatic and Space Agency Presentations
NOTE: Other than Ambassador Knapper, the presenters in Session I gave welcoming remarks and programmatic and/or space agency presentations in Session II,.
Garik Gutman began the second session by presenting an overview of the LCLUC program, which aims to enhance understanding of LUCC dynamics and environmental implications by integrating diverse data sources (i.e., satellite remote sensing) with socioeconomic and ecological datasets for a comprehensive view of land-use change drivers and consequences. Over the past 25 years, LCLUC has funded over 325 projects involving more than 800 researchers, resulting in over 1500 publications. The program’s focus balances project distribution that spans detection and monitoring, and impacts and consequences, including drivers, modeling, and synthesis. Gutman highlighted examples of population growth and urban expansion in Southeast Asia, resulting in environmental and socio-economic impacts. Urbanization accelerates deforestation, shifts farming practices to higher-value crops, and contributes to the loss of wetlands. This transformation alters the carbon cycle, degrades air quality, and increases flooding risks due to reduced rainwater absorption. Multi-source remote sensing data and social dimensions are essential in addressing LUCC issues, and the program aims to foster international collaborations and capacity building in land-change science through partnerships and training initiatives. (To learn more about the recent activities of the LCLUC Science Team, see Summary of the 2024 Land Cover Land Use Change Science Team Meeting.)
Krishna Vadrevu explained how SARI connects regional and national projects with researchers from the U.S. and local institutions to advance LUCC mapping, monitoring, and impact assessments through shared methodologies and data. The initiative has spurred extensive activities, including meetings, training sessions, publications, collaborations, and fieldwork. To date, the LCLUC program has funded 35 SARI projects and helped build collaborations with space agencies, universities, and decision-makers worldwide. SARI Principal Investigators have documented notable land-cover and land-use transformations, observing shifts in land conversion practices across Asia. For example, the transition from traditional slash-and-burn practices for subsistence agriculture to industrial oil palm and rubber plantations in Southeast Asia. Rapid urbanization has also reshaped several South and Southeast Asian regions, expanding both horizontally in rural areas and vertically in urban centers. The current SARI solicitation funds three projects across Asia, integrating the latest remote sensing data and methods to map, monitor, and assess LUCC drivers and impacts to support policy-making.
Vu Tuan provided a comprehensive overview of Vietnam’s advances in satellite technology and Earth observation capabilities, particularly through the LOTUSat-1 satellite (name derived from the “Lotus” flower), which is equipped with an advanced X-band Synthetic Aperture Radar (SAR) sensor capable of providing high-resolution imagery [ranging from 1–16 m (3–52 ft)]. This satellite is integral to Vietnam’s efforts to enhance disaster management and climate change mitigation, as well as to support a range of applications in topography, agriculture, forestry, and water management, as well as in oceanography and environmental monitoring. The VNSC’s efforts are part of a broader strategy to build national expertise and self-reliance in satellite technology, such as developing a range of small satellites (e.g., NanoDragon, PicoDragon, and MicroDragon) that progress in size and capability. Alongside satellite development, the VNSC has established key infrastructure, facilities, and capacity building in Hanoi, Nha Trang, and Ho Chi Minh City to support satellite assembly, integration, testing, and operation. Tuan showcased the application of remotely sensed LUCC data to map and monitor urban expansion in Ha Long city from 2000–2023 and the policies needed to manage these changes sustainably – see Figure 1.
Tsuneo Matsunaga provided a detailed overview of Japan’s Greenhouse Gases Observing Satellite (GOSAT) series of satellites, data from which provide valuable insights into global greenhouse gas (GHG) trends and support international climate agreements, including the Paris Agreement.
Matsunaga reviewed the first two satellites in the series: GOSAT and GOSAT-2, then previewed the next satellite in the series: GOSAT-GW, which is scheduled to launch in 2025. GOSAT-GW will fly the Total Anthropogenic and Natural Emissions Mapping Observatory–3 (TANSO-3) – an improved version of TANSO-2, which flies on GOSAT-2. TANSO-3 includes a Fourier Transform Spectrometer (FTS-3) that has improved spatial resolution [10.5 km (6.5 mi)] over TANSO-FTS-2 and precision that matches or exceeds that of its predecessor. TANSO-FTS-3 will allow estimates with precision better than 1 ppm for carbon dioxide (CO2) and 10 ppb for methane (CH4), as well as enabling nitrogen dioxide (NO2) measurements. GOSAT–GW will also fly the Advanced Microwave Scanning Radiometer (AMSR3) that will monitor water cycle components (e.g., precipitation, soil moisture) and ocean surface winds. AMSR3 builds on the heritage of three previous AMSR instruments that have flown on NASA and Japan Aerospace Exploration Agency (JAXA) missions.
Matsunaga also highlighted the importance of ground-based validation networks, such as the Total Carbon Column Observing Network, COllaborative Carbon Column Observing Network, and the Pandora Global Network, to ensure satellite data accuracy.
Son Nghiem [NASA/Jet Propulsion Laboratory (JPL)] addressed dynamic LUCC in Cambodia, Laos, Thailand, Vietnam, and Malaysia. The synthesis study examined the factors that evolve along the rural–urban continuum (RUC). Nghiem showcased this effort using Synthetic Aperture Radar (SAR) data from the Copernicus Sentinel-1 mission to map a typical RUC in Bac Lieu, Vietnam – see Figure 2.
Nghiem described the study, which examined the role of rapid urbanization, agricultural conversion, climate change, and environment–human feedback processes in causing non-stationary and unpredictable impacts. This work illustrates how traditional trend analysis is insufficient for future planning. The study also examined whether slower or more gradual changes could inform policy development. To test these hypotheses, his research will integrate high-resolution radar and hyperspectral data with socioeconomic analyses. The study highlights the need for policies that are flexible and responsive to the unique challenges of different areas, particularly in “hot-spot” regions experiencing rapid changes.
Peilei Fan [Tufts University] presented a study that synthesizes the complex patterns of LUCC, identifying both the spatial and temporal dynamics that characterize transitions in urban systems. The study explores key drivers, including economic development, population growth, urbanization, agricultural expansion, and policy shifts. She emphasized the importance of understanding these drivers for sustainable land management and urban planning. For example, the Yangon region of Myanmar has undergone rapid urbanization – see Figure 3. Her work reveals the need for integrated approaches that consider both urban and rural perspectives to manage land resources effectively and mitigate negative environmental and social impacts. Through a combination of case studies, statistical analysis, and policy review, Fan and her team aim to provide a nuanced understanding of the interactions between human activities and environmental changes occurring in the rapidly transforming landscapes of Southeast Asia.
Session III: Land Cover/Land Use Change Studies
Tanapat Tanaratkaittikul [Geo-Informatics and Space Technology Development Agency (GISTDA), Thailand] highlighted GISTDA activities, which play a crucial role in advancing Thailand’s technological capabilities and addressing both national and global challenges, including Thailand Earth Observation System (THEOS) and its successors: THEOS-2 and THEOS-2A. THEOS-1, which launched in 2008, provides 2-m (6-ft) panchromatic and 15-m (45-ft) multispectral resolution with a 26-day revisit cycle, which can be reduced to 3 days with off-nadir pointing. Launched in 2023, THEOS-2 includes two satellites – THEOS-2A [a very high-resolution satellite with 0.5-m (1.5-ft) panchromatic and 2-m (6-ft) multispectral imagery] and THEOS-2B [a high-resolution satellite with 4-m (12-ft) multispectral resolution] – with a five-day revisit cycle. GISTDA also develops geospatial applications for drought assessment, flood prediction, and carbon credit calculations to support government decision-making and climate initiatives. GISTDA partners with international collaborators on regional projects, such as the Lancang-Mekong Cooperation Special Fund Project.
Eric Vermote [NASA’s Goddard Space Flight Center] presented a keynote that focused on atmospheric correction of land remote sensing data and related algorithm updates. He highlighted the necessity of correcting surface imaging for atmospheric effects, such as molecular scattering, aerosol scattering, and gaseous absorption, which can significantly distort the satellite spectral signals and lead to potential errors in applications, such as land cover mapping, vegetation monitoring, and climate change studies.
Vermote explained that the surface reflectance algorithm uses precise vector radiative transfer modeling to improve accuracy by incorporating atmospheric parameter inversion. It also adjusts for various atmospheric conditions and aerosol types – enhancing corrections across regions and seasons. He explained that SkyCam – a network of ground-based cameras – provides real-time assessments of cloud cover that can be used to validate cloud masks, while the Cloud and Aerosol Measurement System (CAMSIS) offers additional ground validation by measuring atmospheric conditions. He said that together, SkyCam and CAMSIS improve satellite-derived cloud masks, supporting more accurate climate models and environmental monitoring. Vermote’s work highlights the ongoing advancement of atmospheric correction methods in remote sensing.
Other presentations in this session included one in which the speaker described how Yangon, the capital city in Myanmar, is undergoing rapid urbanization and industrial growth. From 1990–2020, the urban area expanded by over 225% – largely at the expense of agricultural and green lands. Twenty-nine industrial zones cover about 10.92% of the city, which have attracted significant foreign direct investment, particularly in labor-intensive sectors. This growth has led to challenges with land confiscations, inadequate infrastructure, and environmental issues (e.g., air pollution). Additionally, rural migration for employment has resulted in informal settlements, emphasizing the need for comprehensive urban planning that balances economic development with social equity and sustainability.
Another presentation highlighted varying LUCC trends across Vietnam. In the Northern and Central Coastal Uplands, for example, swidden systems are shifting toward permanent tree crops, such as rubber and coffee. Meanwhile, the Red River Delta is seeing urban densification and consolidation of farmland – transitioning from rice to mixed farming with increased fruit and flower production. Similarly, the Central Coastal Lowlands and Southeastern regions are experiencing urban growth and a shift from coastal agriculture – in this case, to shrimp farming – leading to mangrove loss. The Central Highlands is moving from swidden to tree crops, particularly fruit trees, while the Mekong River Delta is increasing rice cropping and aquaculture. These changes contribute to urbanization, altered farming practices, and biodiversity loss. Advanced algorithms (e.g., the Time-Feature Convolutional Neural Network model) are being used to effectively map these varied LUCC changes in Vietnam.
Another presenter explained how 10-m (33-ft) resolution spatially gridded population datasets are essential to address LUCC in environmental and socio-demographic research. There was also a demonstration of PopGrid, which is a collaborative initiative that provides access to various global-gridded population databases, which are valuable for regional LUCC studies and can support informed decision-making and policy development.
DAY TWO
The second day’s presentations centered around urban LUCC (Session IV) as well as interconnections between agriculture and water resources. (Session V).
Session IV: Urban Land Cover/Land Use Change
Gay Perez [Philippines Remote Sensing Agency (PhilSA)] presented a keynote focused on PhilSA’s mission to advance Philippines as a space-capable country by developing indigenous satellite and launch technologies. He explained that PhilSA provides satellite data in various categories, including sovereign, commercial, open-access, and disaster-activated. He noted that the ground infrastructure – which includes three stations and a new facility in Quezon – supports efficient data processing. For example, Perez stated that in 2023, PhilSA produced over 10,000 maps for disaster relief, agricultural assessments, and conservation planning.
Perez reviewed PhilSA’s Diwata-2 mission, which launched in 2018 and operates in a Sun-synchronous orbit around 620 km (385 mi) above Earth. With a 10-day revisit capability, it features a high-precision telescope [4.7 m (15ft) resolution], a multispectral imager with four bands, an enhanced resolution camera, and a wide-field camera. Since launch, Diwata-2 has captured over 100,000 global images, covering 95% of the Philippines. Looking to the near future, Perez reported that PhilSA’s launch of the Multispectral Unit for Land Assessment (MULA) satellite is planned for 2025. He explained that MULA will capture images with a 5-m (~16-ft) resolution and 10–20-day revisit time, featuring 10 spectral bands for vegetation, water, and urban analysis.
Perez also described the Drought and Crop Assessment and Forecasting project, which addresses drought risks and mapping ground motion in areas, e.g., Baguio City and Pangasinan. Through partnerships in the Pan-Asia Partnership for Geospatial Air Pollution Information (PAPGAPI) and the Pandora Asia Network, PhilSA monitors air quality across key locations, tracking urban pollution and cross-border particulate transport. PhilSA continues to strengthen Southeast Asian partnerships to drive sustainable development in the region.
Jiquan Chen [Michigan State University] presented the second keynote address, which focused on the Urban Rural Continuum (URC). Chen emphasized the importance of synthesizing studies that explore factors such as population dynamics, living standards, and economic development in the URC. Key considerations include differentiating between two- and three-dimensional infrastructures and understanding constraints from historical contexts. Chen highlighted critical variables from his analysis including net primary productivity, household income, and essential infrastructure elements, such as transportation and healthcare systems. He advocated for integrated models that combine mechanistic and empirical approaches to grasp the dynamics of URC changes, stressing their implications for urban planning, environmental sustainability, and social equity. He concluded with a call for collaboration to enhance these models and tackle challenges arising from the changing urban–rural landscape.
Tep Makathy [Cambodian Institute For Urban Studies] discussed urbanization in Phnom Penh, Cambodia. He explained that significant LUCC and infrastructure developments have been fueled by direct foreign investment; however, this development has resulted in environmental degradation, urban flooding, and infrastructure strain. Tackling pollution, congestion, preservation of green spaces, and preserving the historical heritage of the city will require sustainable urban planning efforts.
Nguyen Thi Thuy Hang [Vietnam Japan University, Vietnam National University, Hanoi] explained how flooding poses a significant annual threat to infrastructure and livelihoods in Can Tho, Vietnam. Therefore, it is essential to incorporate climate change considerations into land-use planning by enhancing the accuracy of vegetation layer classifications. Doing so will improve the representation of land-cover dynamics in models that decision-makers use when planning urban development. In addition, Hang reported that a more comprehensive survey of dyke systems will improve flood protection and identify areas needing reinforcement or redesign. These studies could also explore salinity intrusion in coastal agricultural areas that could impact crop yields and endanger food security.
In this session, two presenters highlighted how SAR data, which uses high backscatter to enhance the radar signal, is being used to assist with mapping urban areas in their respective countries. The phase stability and orientation of building structures across SAR images aid in consistent monitoring and backscatter, producing distinct image textures specific to urban settings. Researchers can use this heterogeneity and texture to map urban footprints, enabling automated discrimination between urban and non-urban areas. The first presenters showed how Interferometric Synthetic Aperture Radar techniques, such as Small Baseline Subset (SBAS) and Persistent Scatterer (PS) have been highly effective for mapping and monitoring land subsidence in coastal and urban areas in Vietnam. This approach has been applied to areas along the Saigon River as well as in Ho Chi Minh, Vietnam. The second presenter described an approach (using SAR data with multitemporal coherence and the K-means classification method) that has been used effectively to study urban growth in the Denpasar Greater Area of Indonesia between 2016 and 2022. The technique identified the conversion of 4376 km2 (1690 mi2) of rural to built-up areas, averaging 72.9 hectares (0.3 mi2) per year. Urban sprawl was predominantly observed in the North Kuta District, where the shift from agricultural to built-up land use has been accompanied by severe traffic congestion and other environmental issues.
Another presenter showed how data from the QuikSCAT instrument, which flew on the Quick Scatterometer satellite, and from the Sentinel-1 C-band SAR can be combined to measure and analyze urban built-up volume, specifically focusing on the vertical growth of buildings across various cities. By integrating these datasets, researchers can assess urban expansion, monitor the development of high-rise buildings, and evaluate the impact of urbanization on infrastructure and land use. This information is essential for urban planning, helping city planners and policymakers make informed decisions to accommodate growing populations and enhance sustainable urban development.
Session V – LUCC, Agriculture, and Water Resources
Chris Justice presented the keynote for this session, in which he addressed the GEOGLAM initiative and the NASA Harvest program. GEOGLAM, initiated by the G20 Agriculture Ministers in 2011, focuses on agriculture and food security to increase market transparency and improve food security. These efforts leverage satellite-based Earth observations to produce and disseminate timely, relevant, and actionable information about agricultural conditions at national, regional, and global scales to support agricultural markets and provide early warnings for proactive responses to emerging food emergencies. NASA Harvest uses satellite Earth observations to benefit global food security, sustainability, and agriculture for disaster response, climate risk assessments, and policy support. Justice also emphasized the use of open science and open data principles, promoting the integration of Earth observation data into national and international agricultural monitoring systems. He also discussed the development and application of essential agricultural variables, in situ data requirements, and the need for comprehensive and accurate satellite data products.
During this session, another presentation focused on how VNSC is engaged in several agricultural projects, including mapping rice crops, estimating yields, and assessing environmental impacts. VNSC has created high-accuracy rice maps for different seasons that the Vietnamese government uses to monitor and manage agricultural production. Current initiatives involve using satellite data to estimate CH4 emissions from rice paddies, biomass mapping, and monitoring rice straw burning. For example, in the Mekong Delta, numerous environmental factors, including climate change-induced stress (e.g., sea-level rise), flooding, drought, land subsidence, and saltwater intrusion, along with human activities like dam construction, sand mining, and groundwater extraction, threaten the sustainability of rice farming and farmer livelihoods. To address these challenges, sustainable agricultural practices are essential to improving rice quality, diversify farming systems, adopt low-carbon techniques, and enhance water management.
Presentations highlighted the importance of both optical and SAR data for LUCC studies, particularly in mapping agricultural areas. A study using Landsat time-series data demonstrated its value in monitoring agricultural LUCC in Houa Phan Province, Laos, and Son La Province, Vietnam. Land cover types were classified through spectral pattern analysis, identifying distinct classes based on Landsat reflectance values. The findings revealed significant natural forest loss alongside increases in cropland and forest plantations due to agricultural expansion. High-resolution imagery validated these results, indicating the scalability of this approach for broader regional and global land-cover monitoring. Another study showcased the effectiveness of SAR data from the Phased Array type L-band Synthetic Aperture Radar-2 (PALSAR-2) on the Japanese Advanced Land Observing Satellite-2 (ALOS-2) for mapping and monitoring agricultural land use in Suphanburi, Thailand. This data proved particularly useful for capturing seasonal variations and diverse agricultural practices. Supervised machine learning methods, such as Random Forest classifiers, combined with innovative spatial averaging techniques, achieved high accuracy in distinguishing various agricultural conditions.
In the session, presenters also discussed the use of Sentinel-1 SAR data for mapping submerged and non-submerged paddy soils was highlighted, demonstrating its effectiveness in understanding water management issues see – Figure 4. Additionally, large-scale remote sensing data and cloud computing were shown to provide unprecedented opportunities for tracking agricultural land-use changes in greater detail. Case studies from India and China illustrated key challenges, such as groundwater depletion in irrigated agriculture across the Indo-Ganges region and the impacts on food, water, and air quality in both countries.
The session also focused on Water–Energy–Food (WEF) issues related to the Mekong River Basin’s extensive network of hydroelectric dams, which present both benefits and challenges. While these dams support sectors such as irrigated agriculture and hydropower, they also disrupt vital ecosystem services, including fish habitats and biodiversity. Collaborative studies integrating satellite and ground data, hydrological models, and socio-economic frameworks highlight the need to balance these benefits with ecological and social costs. Achieving sustainable management requires cross-sectoral and cross-border cooperation, as well as the incorporation of traditional knowledge to address WEF trade-offs and governance challenges in the region.
DAY THREE
The third day included a session that explored the impacts of fire, GHG emissions, and pollution (Session VI) as well as a summary discussion on synthesis (Session VII).
Session VI: Fires, Greenhouse Gas Emissions, and Pollution
Chris Elvidge [Colorado School of Mines] presented a keynote on the capabilities and applications of the Visible Infrared Imaging Radiometer Suite (VIIRS) Nightfire [VNF] system, an advanced satellite-based tool developed by the Earth Observation Group. VIIRS Nightfire uses four near- and short-wave infrared channels, initially designed for daytime imaging, to detect and monitor infrared emissions at night. The system identifies various combustion sources, including both flaming and non-flaming activities (e.g., biomass burning, gas flaring, and industrial processes). It calculates the temperature, source area, and radiant heat of detected infrared emitters using physical laws to enable precise monitoring of combustion events and provide insight into exothermic and endothermic processes.
Elvidge explained that VNF has been vital for near-real-time data in Southeast Asia. The system has been used to issue daily alerts for Vietnam, Thailand, and Indonesia. Recent updates in Version 4 (V4) include atmospheric corrections and testing for secondary emitters with algorithmic improvements – with a 50% success rate in identifying additional heat sources. The Earth Observation Group maintains a multiyear catalog of over 20,000 industrial infrared emitters available through the Global Infrared Emitter Explorer (GIREE) web-map service. With VIIRS sensors expected to operate until about 2040 on the Joint Polar Satellite System (JPSS) platforms, this system ensures long-term, robust monitoring and analysis of global combustion events, proving essential for tracking the environmental impacts of industrial activities and natural combustion processes on the atmosphere and ecosystems.
Toshimasa Ohara [Center for Environmental Science, Japan—Research Director] continued with the second keynote and provided an in-depth analysis of long-term trends in anthropogenic emissions across Asia. The regional mission inventory in Asia encompasses a range of pollutants and offers detailed emissions data from 1950–2020 at high spatial and temporal resolutions. The study employs both bottom-up and top-down approaches for estimating emissions, integrating satellite observations to validate data and address uncertainties. Notably, emissions from China, India, and Japan have shown signs of stabilization or reduction, attributed to stricter emission control policies and technological advancements. Ohara also highlighted Japan’s effective air pollution measures and the importance of extensive observational data in corroborating emission trends. His presentation emphasized the need for improved methodologies in emission inventory development and validation across Asia, aiming to enhance policymaking and environmental management in rapidly industrializing regions.
Several presenters during this session focused on innovative approaches to understand and mitigate GHG emissions and air pollution. One presenter showed how NO2 data from the TROPOspheric Monitoring Instrument (TROPOMI) on the European Sentinel-5 Precursor have been validated against ground-based observations from Pandora stations in Japan, highlighting the influence of atmospheric conditions on measurement accuracy. Another presenter described an innovative system that GISTDA used to combine satellite remote sensing data with Artificial Intelligence (AI). This system was used to monitor and analyze the concentration of fine particulate matter (PM) in the atmosphere in Thailand. (In this context fine is defined as particles with diameters ≤ 2.5 µm, or PM2.5.) These applications, which are accessible through online, cloud-based platforms and mobile applications for iOS and Android devices, allow users, including citizens, government officers, and policymakers, to access PM2.5 data in real-time through web and mobile interfaces.
A project under the United Nations Economic and Social Commission for Asia and the Pacific in Thailand is focused on improving air quality monitoring across the Asia–Pacific region by integrating satellite and ground-based data. At the core of this effort, the Pandora Asia Network, which includes 30 ground-based instruments measuring pollutants such as NO₂ and sulfur dioxide (SO₂), is complemented by high-resolution observations from the Geostationary Environment Monitoring Spectrometer (GEMS) aboard South Korea’s GEO-KOMPSAT-2B (GK-2B) satellite. The initiative also provides training sessions to strengthen regional expertise in remote sensing technologies for air quality management and develops decision support systems for evidence-based policymaking, particularly for monitoring pollution sources and transboundary effects like volcanic eruptions. Future plans include expanding the Pandora network and enhancing data integration to support local environmental management practices.
PM2.5 levels in Vietnam are influenced by both local emissions and long-range pollutant transport, particularly in urban areas.The Vietnam University of Engineering and Technology, in conjunction with VNSC, continues to map and monitor PM2.5 using satellites and machine learning while addressing data quality issues that stem from missing satellite data and limited ground monitoring stations – see Figure 5.
In addition to mapping and monitoring pollutants, another presentater explained that significant research is underway to address their health impacts. In Hanoi, exposure to pollutants ( e.g., PM2.5, PM10, and NO2) has led to increased rates of respiratory diseases (e.g., pneumonia, bronchitis, and asthma) among children, as well as elevated instances of cardiovascular diseases among adults. A substantial mortality burden is attributable to fine particulate matter – particularly in densely populated areas like Hanoi. Compliance with stricter air quality guidelines could potentially prevent thousands of premature deaths. For example, preventive measures enacted during the COVID-19 pandemic resulted in reduced pollution levels that were associated with a decrease in avoidable mortality rates. In response to these challenges, Vietnam has implemented air quality management policies, including national technical regulations and action plans aimed at controlling emissions and enhancing monitoring; however, current national standards still fall short of the more stringent guidelines recommended by the World Health Organization. Improved air quality standards and effective policy interventions are needed to mitigate the health risks associated with air pollution in Vietnam.
Another presenter explained how food production in Southeast Asia contributes about 40% of the region’s total GHG emissions – with rice and beef production identified as the largest contributors for plant-based and animal-based emissions, respectively. Another presentation focused on a study that examined GHG emissions from agricultural activities, which suggests that animal-based food production – particularly beef – generates substantially higher GHG emissions per kg of food produced compared to plant-based foods, such as wheat and rice. Beef has an emission intensity of about 69 kg of CO2 equivalent-per-kg, compared to 2 to 3 kg of CO2 equivalent-per-kg for plant-based foods. The study points to mitigation strategies (e.g., changing dietary patterns, improving agricultural practices) and adopting sustainable land management. Participants agreed that a comprehensive policy framework is needed to address the environmental impacts of food production and reduce GHG emissions in the agricultural sector.
In another presentation, the speaker highlighted the fact that Southeast Asian countries need an advanced monitoring, reporting, and verification system to track GHG emissions – particularly within high-carbon reservoirs like rice paddies. To achieve this, cutting-edge technologies (e.g., satellite remote sensing, low-cost unmanned aerial vehicles, and Internet of Things devices) can be beneficial in creating sophisticated digital twin technology for sustainable rice production and GHG mitigation.
Another presentation featured a discussion about pollution resulting from forest and peatland fires in Indonesia, which is significantly impacting air quality. Indonesia’s tropical peatlands – among the world’s largest and most diverse – face significant threats from frequent fires. Repeated burning has transformed forests into shrubs and secondary vegetation regions, with fires particularly affecting forest edges and contributing to a further retreat of intact forest areas. High-resolution data is essential to map and monitor changes in forest cover, including pollution impacts.
Another speaker described a web-based Geographic Information Systems (GIS) application that has been developed to support carbon offsetting efforts in Laos – to address significant environmental challenges, e.g., deforestation and climate change. Advanced technologies (e.g., remote sensing, GIS, and Global Navigation Satellite Systems) are used to monitor land-use changes, carbon sequestration, and ecosystem health. By integrating various spatial datasets, the web GIS app enhances data collection precision, streamlines monitoring processes, and provides real-time information to stakeholders for informed decision-making. This initiative fosters collaboration among local communities, government agencies, and international partners, while emphasizing the importance of government support and international partnerships. Ultimately, the web GIS application represents a significant advancement in Laos’s commitment to environmental sustainability, economic growth, and the creation of a greener future.
Session VII. Discussion Session on Synthesis
The meeting concluded with a comprehensive discussion on synthesizing themes related to LUCC. The session focused on three themes: LUCC, agriculture, and air pollution. The session focused on trends and projections as well as the resulting impacts in the coming years. It also highlighted research related to these topics to inform more sustainable land use policies. A panel of experts from different Southeast Asian countries addressed these topics. A summary of the key points shared by the panelists for each theme during the discussion is provided below.
LUCC Discussions
This discussion focused on the challenges of balancing economic development with environmental sustainability in Southeast Asian countries, e.g., mining in Myanmar, agriculture in Vietnam, and rising land prices in Thailand. More LUCC research is needed to inform decision-making and improve land-use planning during transitions from agriculture to industrialization while ensuring food security. The panelists also discussed urban sprawl and infrastructure development along main roads in several Southeast Asian countries, highlighting the social and environmental challenges arising from uncoordinated growth. It was noted that urban infrastructure lags behind population increases, resulting in traffic congestion, pollution, and social inequality. Cambodia, for example, has increased foreign investments, which presents similar dilemmas of economic growth accompanied by significant environmental degradation. Indonesia is another example of a Southeast Asian nation facing rapid urbanization and inadequate spatial planning, leading to flooding, groundwater depletion, and pollution. These issues further highlight the need for integrated satellite monitoring to inform land-use policies. Finally, recognizing the importance of public infrastructure in growth management, it was reported that the Thai government is already using technology to manage urban development alongside green spaces.
Panelists agreed that LUCC research is critical for guiding policymakers toward sustainable land-use practices – emphasizing the necessity for improved communication between researchers and policymakers. While the integration of technologies (e.g., GIS and remote sensing) is beginning to influence policy decisions, room for improvement remains. In summary, the discussions stressed the importance of better planning, technology integration, and policy-informed research to reconcile economic growth with sustainability. Participants also highlighted the need to engage policymakers, non-government organizations, and the private sector in using scientific evidence for sustainable development. Capacity building in Laos, Cambodia, and Myanmar, where GIS and remote sensing technologies are still developing, is crucial. Community involvement is essential for translating research findings into actionable policies to address real-world challenges and social equity.
Agriculture Discussions
These discussions explored the intricate relationships between agricultural practices, economic growth, and environmental sustainability in Southeast Asia. As an example, despite national policies to manage the land transition in Vietnam, rapid conversions from forest to agricultural land and further to residential and industrial continue. While it is recognized that strict land management plans may hinder future adaptability, further regulation is needed. These rapid shifts in land use have increased land for economic development – especially in industrial and residential sectors – and contribute to environmental degradation, e.g., pollution and soil erosion. In Thailand, land is distributed among agriculture (50%), forest (30%), and urban (20%) areas. Despite a long history of agricultural practices, Vietnam faces new challenges from climate change and extreme weather.
Thailand, meanwhile, is exploring carbon credits to incentivize sustainable farming practices – although this requires significant investment and time. The nation is well-equipped with a robust water supply system, and ongoing efforts to enhance crop yields on Vietnam’s Mekong Delta, salinity levels, and flooding intensity have increased as a result of the rise in incidents of extreme weather, prompting advancements in rice farming mechanization to be implemented that are modeled after practices that have been successfully used in the Philippines.
Despite these advances, issues (e.g., over-application of rice seeds) remain. The dominant land cover type in Malaysia is tropical rainforest, although agriculture – particularly oil palm plantations – also plays a significant role in land use. While stable, it shares environmental concerns with Indonesia. The country is integrating solar energy initiatives, placing solar panels on former agricultural lands and recreational areas, which raises coastal environmental concerns. In Taiwan, substantial land use changes have stemmed from solar panel installations to support green energy goals but have led to increased temperatures and altered wind patterns.
All panelists agreed that remote sensing technologies are vital to inform agricultural policy across the region. They emphasized the need to transition from academic research to actionable insights that directly inform policy. Panelists also discussed the challenge of securing funding for actionable research – underlining the importance of recognizing the transition required for research to inform operational use. Some countries (e.g., Thailand) have established operational crop monitoring systems, while others (e.g., Vietnam) primarily depend on research projects. Despite progress in Malaysia’s monitoring of oil palm plantations, a comprehensive operational monitoring system is still lacking in many areas. The participants concluded that increased efforts are needed to promote the wider adoption of remote sensing technologies for agricultural and environmental monitoring, with emphasis on developing operational systems that can be integrated into policy and decision-making processes.
Air Pollution Discussions
The discussion on air pollution focused on various sources in Southeast Asia, which included both local and transboundary factors. Panelists highlighted that motor vehicles, industrial activities, and power plants are major contributors to pollutants, such as PM2.5, NO2, ozone (O3), and carbon monoxide (CO). Forest fires in Indonesia – particularly from South Sumatra and Riau provinces – are significantly impacting neighboring countries, e.g., Malaysia. A study found that most PM2.5 pollution in Kuala Lumpur originates from Indonesia. During the COVID-19 pandemic, pollution levels dropped sharply due to reduced economic activity; however, data from 2018–2023 shows that PM2.5 levels have returned to pre-pandemic conditions.
The Indonesian government is actively working to reduce deforestation and emissions, aiming for a 29% reduction by 2030. Indonesia is also participating in carbon markets and receiving international payments for emission reductions. Indonesia’s emissions also stem from energy production, industrial activities, and land-use changes, including peat fires. The Indonesian government reports anthropogenic sources – particularly from the energy sector and industrial activities, forest and peat fires, waste, and agriculture – continue to escalate. While Indonesia is addressing these issues, growing population and energy demands continue to drive pollution levels higher.
Vietnam and Laos are facing similar challenges related to air pollution – particularly from agricultural residue burning. Both governments are working on expanding air quality monitoring, regulating waste burning, and developing policies to mitigate pollution. Vietnam has been developing provincial air quality management plans and expanding its monitoring network. Laos has seen increased awareness of pollution, accompanied by government measures aimed at restricting burning and improving waste management practices.
The panelists agreed that collaborative efforts for regional cooperation are essential to address air pollution. This will require collaboration in research and data sharing to inform policy decisions. There is a growing interest in leveraging satellite technology and modeling approaches to enhance air quality forecasting and management. To ensure that research translates into effective policy, communication of scientific findings to policymakers is essential – particularly by clearly communicating complex research concepts in accessible formats. All panelists agreed on the importance of improving governance, transparency, and scientific communication to better translate research into policy actions, highlighting collaborations with international organizations – including NASA – to address air quality issues. While significant challenges related to air pollution persist in Southeast Asia, noteworthy efforts are underway to improve awareness, research, and collaborative governance aimed at enhancing air quality and reducing emissions.
Conclusion
The LCLUC–SARI Synthesis meeting fostered collaboration among researchers and provided valuable updates on recent developments in LUCC research, exchange of ideas, integration of new data products, and discussions on emerging science directions. This structured dialogue (particularly the discussions in each session) helped the attendees identify priorities and needs within the LUCC community. All panelists and meeting participants commended the SARI leadership for their proactive role in facilitating collaborations and discussions that promote capacity-building activities across the region. SARI activities have significantly contributed to enhancing the collective ability of countries in South and Southeast Asia to address pressing environmental challenges. The meeting participants emphasized the importance of maintaining and expanding these collaborative efforts, which are crucial for fostering partnerships among governments, research institutions, and local communities. They urged SARI to continue organizing workshops, training sessions, and knowledge-sharing platforms that can equip stakeholders with the necessary skills and resources to tackle environmental issues such as air pollution, deforestation, climate change, and sustainable land management.
Krishna VadrevuNASA’s Marshall Space Flight Centerkrishna.p.vadrevu@nasa.gov
Vu TuanVietnam National Science Center, Vietnamvatuan@vnsc.org.vn
Than NguyenVietnam National University Engineering and Technology, Vietnamthanhntn@vnu.edu.vn
Son NghiemJet Propulsion Laboratoryson.v.nghiem@jpl.nasa.gov
Tsuneo MatsunagaNational Institute of Environmental Studies, Japanmatsunag@nies.go.jp
Garik GutmanNASA Headquartersggutman@nasa.gov
Christopher JusticeUniversity of Maryland College Parkcjustice@umd.edu
Source: GlobeNewswire (MIL-OSI)
INDIANAPOLIS, Feb. 20, 2025 (GLOBE NEWSWIRE) — Today the Board of Directors of the Federal Home Loan Bank of Indianapolis (“FHLBank Indianapolis” or “Bank”) declared its fourth quarter 2024 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9.50% and 4.50%, respectively. The higher dividend rate on activity-based stock reflects the Board’s discretion under the Bank’s capital plan to reward members that use FHLBank Indianapolis in support of their liquidity needs.
The dividends will be paid in cash on February 21, 2025.
“I am proud that FHLBank Indianapolis delivered strong financial results in 2024, a reflection of our steadfast commitment to serving our members’ liquidity needs while maintaining the Bank’s financial strength and stability,” President and CEO Cindy Konich said.
She added: “In addition to another strong dividend for our members, these results allowed us to invest at record levels in the communities our members serve, including an additional voluntary contribution of 7.5% of 2023 net earnings – bringing the total support of housing and community initiatives in 2024 to 17.5%. Building on the success of 2024, we look forward to continuing this support in 2025 at 17.5% of 2024 net earnings.”
Earnings Highlights
Net income, for the fourth quarter of 2024, was $67 million, a net decrease of $37 million compared to the corresponding quarter in the prior year. The decrease was primarily due to a significant increase in voluntary contributions to affordable housing and community investment programs and unrealized losses on qualifying fair-value hedging relationships.
Net income, for the year ended December 31, 2024, was $342 million, a net decrease of $35 million compared to the prior year. The decrease was primarily due to a significant increase in voluntary contributions to affordable housing and community investment programs and net realized gains on the extinguishment of consolidated obligations in 2023 that did not occur in 2024. However, such decrease was partially offset by higher earnings on the portion of the Bank’s assets funded by its capital.1
Affordable Housing Program Allocation
The Bank’s Affordable Housing Program (“AHP”) provides grant funding to support housing for low- and moderate-income families in communities served by its Michigan and Indiana members. For the year ended December 31, 2024, AHP assessments2 totaled $40 million. Such required allocations will be available to the Bank’s members in 2025 to help address their communities’ affordable housing needs, including construction, rehabilitation, accessibility improvements and homebuyer down-payment assistance.
In addition, as part of the Bank’s commitment to further support its AHP and additional affordable housing and community investment programs, the Bank voluntarily contributed additional funding in 2024 totaling $33 million. Additionally, the Bank made a supplemental voluntary contribution to its AHP totaling $4 million. As a result, voluntary contributions to housing and community investment programs in 2024 totaled $37 million, all of which have been recognized and reported in other expenses.
The Bank’s combined required and voluntary allocations recognized in 2024 totaled $77 million, an increase of $29 million, or 60%, compared to the prior year.
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1 FHLBank Indianapolis earns interest income on advances to and mortgage loans purchased from its Michigan and Indiana member financial institutions, as well as on long- and short-term investments. Net interest income is primarily determined by the size of the Bank’s balance sheet and the spread between the interest earned on its assets and the interest cost of funding with consolidated obligations. Because of the Bank’s inherent relatively low interest-rate spread, it has historically derived a substantial portion of its net interest income from deploying its interest-free capital in floating-rate assets.
2 Each year, Federal Home Loan Banks are required to allocate to the AHP 10% of earnings, defined for this purpose as income before assessments plus interest expense on mandatorily redeemable capital stock.
Condensed Statements of Income
The following table presents unaudited condensed statements of income ($ amounts in millions):
| Three Months Ended December 31, |
Year Ended December 31, |
|||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||
| Interest income(a) | $ | 989 | $ | 1,013 | $ | 4,130 | $ | 3,755 | ||||
| Interest expense(a) | 866 | 873 | 3,623 | 3,260 | ||||||||
| Provision for credit losses | — | — | — | — | ||||||||
| Net interest income after provision for credit losses | 123 | 140 | 507 | 495 | ||||||||
| Other income(b) | 6 | 7 | 32 | 46 | ||||||||
| Other expenses(c) | 54 | 31 | 157 | 120 | ||||||||
| AHP assessments | 8 | 12 | 40 | 44 | ||||||||
| Net income | $ | 67 | $ | 104 | $ | 342 | $ | 377 | ||||
| (a) | Includes hedging gains (losses) and net interest settlements on fair-value hedge relationships. The Bank uses derivatives, specifically interest-rate swaps, to hedge the risk of changes in the fair value of certain of its advances, available-for-sale securities and consolidated obligations. These derivatives are designated as fair-value hedges and, therefore, changes in the estimated fair value of the derivative, and changes in the fair value of the hedged item that are attributable to the hedged risk, are recorded in net interest income. |
| (b) | Includes impact of purchase discount (premium) recorded through mark-to-market gains (losses) on trading securities and net interest settlements on derivatives hedging trading securities, while generally offsetting interest income on trading securities is included in interest income. |
| (c) | Includes voluntary contributions to the Bank’s AHP and other affordable housing, small business and community investment programs. |
Balance Sheet Highlights
Total assets, at December 31, 2024, were $84.5 billion, a net increase of $7.9 billion, or 10%, from December 31, 2023, primarily due to an increase in advances and mortgage loans outstanding.
Advances 3
The carrying value of advances outstanding, at December 31, 2024, totaled $39.8 billion, a net increase of $4.3 billion, or 12%, from December 31, 2023. The par value of advances outstanding increased by 12% to $40.1 billion, which included a net increase in short-term advances of 54% and a net decrease in long-term advances of 4%. At December 31, 2024, based on contractual maturities, long-term advances composed 63% of advances outstanding, while short-term advances composed 37%.
The par value of advances outstanding to depository institutions — comprising commercial banks, savings institutions and credit unions — increased by 18%, while advances outstanding to insurance companies increased by 1%. As a percent of total advances outstanding at par value at December 31, 2024, advances to commercial banks and savings institutions were 52% and advances to credit unions were 14%, resulting in total advances to depository institutions of 66%, while advances to insurance companies were 34%.
In general, advances fluctuate in accordance with members’ funding needs, primarily determined by their deposit levels, mortgage pipelines, loan growth, investment opportunities, available collateral, other balance sheet strategies, and the cost of alternative funding options.
Mortgage Loans Held for Portfolio 4
Mortgage loans held for portfolio, at December 31, 2024, totaled $10.8 billion, a net increase of $2.2 billion, or 25%, from December 31, 2023, as the Bank’s purchases from its members significantly exceeded principal repayments by borrowers. Purchases of mortgage loans from members, for the year ended December 31, 2024, totaled $3.2 billion.
In general, the Bank’s volume of mortgage loans purchased is affected by several factors, including interest rates, competition, the general level of housing and refinancing activity in the United States, consumer product preferences, the Bank’s balance sheet capacity and risk appetite, and regulatory considerations.
Liquidity Investments 5
Liquidity investments, at December 31, 2024, totaled $12.9 billion, a net increase of $759 million, or 6%, from December 31, 2023. The Bank’s liquidity remained well above regulatory requirements and continues to enable the Bank to be a reliable liquidity provider to its members.
Cash and short-term investments increased by $271 million, or 2%, to $11.8 billion. The portion of U.S. Treasury obligations classified as trading securities increased by $488 million, or 81%, to $1.1 billion. As a result of this activity, cash and short-term investments represented 92% of the total liquidity investments at December 31, 2024, while U.S. Treasury obligations represented 8%.
The total outstanding balance and composition of the Bank’s liquidity investments are influenced by its liquidity needs, regulatory requirements, actual and anticipated member advance activity, market conditions, and the availability of short-term investments at attractive interest rates, relative to the cost of funds.
Other Investment Securities
Other investment securities, which consist substantially of mortgage-backed securities and U.S. Treasury obligations classified as held-to-maturity or available-for-sale, at December 31, 2024, totaled $20.2 billion, a net increase of $738 million, or 4%, from December 31, 2023.
Consolidated Obligations 6
FHLBank Indianapolis’ consolidated obligations outstanding, at December 31, 2024, totaled $78.1 billion, a net increase of $7.0 billion, or 10%, from December 31, 2023, which reflected increased funding needs associated with the net increase in the Bank’s total assets.
Capital 7
Total capital, at December 31, 2024, was $4.2 billion, a net increase of $491 million, or 13%, from December 31, 2023. The net increase resulted primarily from issuances of capital stock to support advance activity and the growth in retained earnings.
The Bank’s regulatory capital-to-assets ratio8, at December 31, 2024, was 5.44%, which exceeds all applicable regulatory capital requirements.
__________________
3 Advances are secured loans that the Bank provides to its member institutions.
4 The Bank purchases mortgage loans from its members to support its housing mission, provide an additional source of liquidity to its members, and diversify its investments.
5 The Bank’s liquidity investments consist of cash, interest-bearing deposits, securities purchased under agreements to resell, federal funds sold and U.S. Treasury obligations.
6 The primary source of funds for FHLBank Indianapolis, and for the other FHLBanks, is the sale of FHLBanks’ consolidated obligations in the capital markets. FHLBank Indianapolis is the primary obligor for the payment of the principal and interest on the consolidated obligations issued on its behalf; additionally, it is jointly and severally liable with each of the other FHLBanks for all of the FHLBanks’ consolidated obligations outstanding.
7 FHLBank Indianapolis is a cooperative whose member financial institutions and former members own all of its capital stock as a condition of membership and to support outstanding credit products.
8 Total regulatory capital, which consists of capital stock, mandatorily redeemable capital stock and retained earnings, as a percentage of total assets.
Condensed Statements of Condition
The following table presents unaudited condensed statements of condition ($ amounts in millions):
| December 31, 2024 | December 31, 2023 | |||||||
| Advances | $ | 39,833 | $ | 35,562 | ||||
| Mortgage loans held for portfolio, net | 10,796 | 8,614 | ||||||
| Liquidity investments | 12,911 | 12,152 | ||||||
| Other investment securities(a) | 20,189 | 19,451 | ||||||
| Other assets | 806 | 829 | ||||||
| Total assets | $ | 84,535 | $ | 76,608 | ||||
| Consolidated obligations | $ | 78,085 | $ | 71,053 | ||||
| MRCS | 363 | 369 | ||||||
| Other liabilities | 1,852 | 1,442 | ||||||
| Total liabilities | 80,300 | 72,864 | ||||||
| Capital stock(b) | 2,555 | 2,285 | ||||||
| Retained earnings(c) | 1,684 | 1,532 | ||||||
| Accumulated other comprehensive income (loss) | (4 | ) | (73 | ) | ||||
| Total capital | 4,235 | 3,744 | ||||||
| Total liabilities and capital | $ | 84,535 | $ | 76,608 | ||||
| Total regulatory capital(d) | $ | 4,602 | $ | 4,186 | ||||
| Regulatory capital-to-assets ratio | 5.44 | % | 5.46 | % | ||||
| (a) | Includes held-to-maturity and available-for-sale securities. |
| (b) | Putable by members at par value. |
| (c) | Includes restricted retained earnings, at December 31, 2024 and December 31, 2023, of $466 million and $398 million, respectively. |
| (d) | Consists of total capital less accumulated other comprehensive income plus mandatorily redeemable capital stock. |
All amounts referenced above are unaudited. More detailed information about FHLBank Indianapolis’ financial condition as of December 31, 2024, and its results for the year then ended, will be included in Management’s Discussion and Analysis of Financial Condition and Results of Operations in the Bank’s Annual Report on Form 10-K.
Safe Harbor Statement
This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 concerning plans, objectives, goals, strategies, future events and performance. Forward-looking statements can be identified by words such as “will,” “believes,” “may,” “temporary,” “estimates,” and “expects” or the negative of these words or comparable terminology. Each forward-looking statement contained in this news release reflects FHLBank Indianapolis’ current beliefs and expectations. Actual results or performance may differ materially from what is expressed in any forward-looking statements.
Any forward-looking statement contained in this news release speaks only as of the date on which it was made. FHLBank Indianapolis undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Readers are referred to the documents filed by the Bank with the U.S. Securities and Exchange Commission (“SEC”), specifically reports on Form 10-K and Form 10-Q, which include factors that could cause actual results to differ from forward-looking statements. These reports are available at www.sec.gov.
Media Contact:
Scott Thien
Senior Corporate Communications Associate
317-902-3103
sthien@fhlbi.com
Building Partnerships. Serving Communities.
FHLBank Indianapolis is a regional bank included in the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to provide access to low-cost funding for their member financial institutions, with particular attention paid to providing solutions that support the housing and small business needs of members’ customers. FHLBanks are privately capitalized and funded, and receive no Congressional appropriations. FHLBank Indianapolis is owned by its Indiana and Michigan financial institution members, including commercial banks, credit unions, insurance companies, savings institutions and community development financial institutions. For more information about FHLBank Indianapolis, visit www.fhlbi.com. Also, follow the Bank on LinkedIn, as well as Instagram and X at @FHLBankIndy. Please note that content the Bank shares on its website and social media is not incorporated by reference into any of its filings with the SEC unless, and only to the extent that, a filing by the Bank with the SEC expressly provides to the contrary.
Source: US State of California
OAKLAND – As part of a bipartisan coalition of 38 states and territories, California Attorney General Rob Bonta today urged the Food and Drug Administration (FDA) to take swift and decisive action against bad actors unlawfully profiting off the high demand for FDA-approved weight loss and diabetes drugs. In their letter, the coalition notes that demand for GLP-1 medications such as Mounjaro, Zepbound, Ozempic, and Wegovy has skyrocketed, but supply shortages and high costs have created opportunities for wrongdoers to cash in and endanger consumers.
“In California and across the country, a growing number of individuals are turning to weight loss drugs. My fellow attorneys general and I are urging the FDA to protect consumers from the growing threat posed by adulterated or counterfeit versions of these drugs,” said Attorney General Bonta. “From inspections to enforcement actions, the FDA has several important tools at its disposal to help put an end to this unlawful and deceptive conduct. A federal response is necessary because many of the counterfeit drugs are shipped from outside of the country.”
In the letter, the coalition writes that:
In sendng this letter, Attorney General Bonta joins the attorneys general of Colorado, South Carolina, Illinois, Tennessee, Alaska, Arkansas, Connecticut, Delaware, Georgia, Hawaii, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Nevada, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, Utah, Vermont, Virginia, West Virginia, Wisconsin, the District of Columbia, and the U.S. Virgin Islands.
A copy of the letter can be found here.
Source: Government of India (2)
Posted On: 20 FEB 2025 9:06PM by PIB Delhi
The National Conference on Fast-Tracking and Reporting of Progress on Sustainable Development Goals (SDGs) under the State Support Mission (SSM), organized by NITI Aayog in partnership with the Government of Odisha and technical partners UNDP concluded in Bhubaneswar, Odisha today.
The conference brought together senior government officials from 25 States and Union Territories, along with representatives from various Ministries of Government of India, UN agencies (UNDP, GIZ, UN-Habitat), academia (NIPFP, RIS), and CSOs. The workshop featured technical sessions on: i) Strengthening SDG Localisation, ii) SDG Financing, and iii) Voluntary National Review (VNR) 2025.
The inaugural session was graced by Sh. Suman K. Bery, Hon’ble Vice Chairman, NITI Aayog; Sh. B.V.R. Subrahmanyam, CEO, NITI Aayog; and Sh. Manoj Ahuja, Chief Secretary, Government of Odisha, other senior officers, representatives of UNDP and GIZ, and others participated in the workshop.
Vice Chairman, NITI Aayog Shri Bery stressed the urgency of a data-driven, multi-stakeholder approach to bridge gaps, strengthen governance, and mobilize sustainable finance—ensuring that no one is left behind. CEO, NITI Aayog highlighted India’s landmark SDG progress, from significant poverty reduction to effective localization, and called on States and UTs to drive peer learning for collective impact. Sh. Manoj Ahuja, Chief Secretary, Government of Odisha also reiterated the importance of accurate data collection and visualization as cornerstones of good governance for SDG advancement.
This workshop highlighted the crucial role of SDG Coordination and Acceleration Centres in advancing sustainable development. These centres focus on developing accelerator plans, ensuring the convergence of schemes, leveraging data for informed decision-making, and addressing the SDG financing gap. Additionally, they emphasize strategic messaging that prioritizes key indicators at the local level. This workshop marks a significant step in reinforcing India’s commitment to Agenda 2030 through collaborative policymaking and dynamic state-level interventions. The National Conference on Accelerating Sustainable Development Goals is a vital component of NITI Aayog’s core mandate to foster cooperative federalism and provide a platform for the exchange of knowledge and best practices among States and Union Territories.
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MJPS/SR
(Release ID: 2105144) Visitor Counter : 9
Source: Government of India (2)
Posted On: 20 FEB 2025 8:56PM by PIB Delhi
On the occasion of International Asperger’s Day, the National Institute for Empowerment of Persons with Disabilities (NIEPID) under the Union Ministry of Social Justice and Empowerment, organized various programmes across its national and regional centres to raise awareness and promote inclusivity for individuals with Asperger’s Syndrome.
The initiative aimed to foster greater understanding and support for individuals affected by Asperger’s Syndrome. The National Institute for Locomotor Disabilities (NILD), Kolkata, hosted a webinar on “Understanding Asperger’s Syndrome: Insights, Challenges, and Support Strategies.” Experts shared their perspectives on improving the quality of life for individuals with Asperger’s Syndrome.
Additionally, the Composite Regional Centre (CRC), Jammu, conducted an awareness programme at Jammu College of Physiotherapy to educate students and faculty members about the symptoms of Asperger’s Syndrome and the importance of inclusivity.
The CRC, Nagpur, organized a webinar on ‘Understanding and Supporting Individuals with Asperger’s Syndrome”, featuring Dr. Shruti Dhengre Gaikwad, an early intervention specialist from Mumbai. She provided valuable insights into Asperger’s Syndrome, rehabilitation techniques, and the role of occupational therapy.
The CRC, Guwahati, held a special event that included the screening of a documentary on Asperger’s Syndrome, offering participants a visual and educational understanding of the condition. Meanwhile, the CRC, Jaipur, conducted a virtual webinar discussing challenges related to Asperger’s Syndrome and effective support strategies.
Through these initiatives, NIEPID has reinforced its commitment to spreading awareness and promoting inclusivity for individuals with Asperger’s Syndrome across India. The expert-led discussions and educational efforts mark a significant step toward creating a more supportive and understanding society for those affected by this condition.
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VM
(Release ID: 2105137) Visitor Counter : 50
Source: Government of India
Secretary General Arsenio Dominguez highlights Strategic role of India in Global Shipping
Posted On: 20 FEB 2025 8:54PM by PIB Delhi
The Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal reaffirmed India’s commitment to global maritime sustainability and international cooperation while speaking after inaugurating the Green Shipping Conclave, 2025 in Mumbai today. The conclave was also attended by the Secretary General of International Maritime Organisation (IMO), His Excellency Arsenio Dominguez — a gesture appreciated by the Union Minister Shri Sarbananda Sonowal terming it a new milestone in India and IMO partnership for global maritime sustainability.
Speaking at the event, the Union Minister, Shri Sarbananda Sonowal said, “India stands at the forefront of a global maritime revolution—one that prioritise sustainability, innovation, and environmental stewardship. Under the visionary leadership of Hon’ble Prime Minister Shri Narendra Modi ji, we are not just adapting to change; we are driving it. Through initiatives like the ‘Harit Sagar Green Port Guidelines’, the ‘Green Tug Transition Programme’, and the ‘National Green Hydrogen Mission’, we are transforming our ports and shipping industry into beacons of sustainability. The recently announced ₹25,000 crore Maritime Development Fund is aimed at catalysing investments in green infrastructure, alternative fuels, and fleet modernisation, ensuring that India remains a leader in decarbonisation. Sustainability is not merely a regulatory obligation—it is an economic opportunity and a moral responsibility. As we build strategic green corridors and enhance international collaborations with IMO and BIMSTEC, our message to the world is clear: India is committed to a cleaner, greener, and more resilient maritime future. India committed to Global Maritime Sustainability in sync with PM Narendra Modi ji’s vision of Viksit Bharat.”
The Green Shipping Conclave, 2025 marked a pivotal moment in India’s green maritime transition. The conclave served as a high-impact platform for policy dialogues, technical discussions, and roundtable meetings, engaging key stakeholders from the industry, government, and academia. Among the significant discussions, the IMO Secretary-General chaired a CEO Round Table on Renewable Energy, focusing on clean fuel investments and green port infrastructure.
The Union Minister of State, Shri Shantanu Thakur highlighted India’s ambitious green shipping initiatives under the Maritime India Vision 2030 and Amrit Kaal Vision 2047. Speaking on the occasion, Shri Shantanu Thakur said, “India is leading the maritime sector’s green transformation through clean energy, sustainable ports, and innovative shipbuilding. With bold policies, global collaborations, and investments in alternative fuels, we are setting new benchmarks for decarbonisation. Under the visionary leadership of Prime Minister Shri Narendra Modi ji, the ministry has chalked out the Maritime India Vision 2030 and Amrit Kaal Vision 2047, which are the blueprint towards empowering our maritime sector and enabling it to become greener, cleaner and sustainable. Together, we are shaping a resilient, eco-friendly maritime future.”
Key areas of focus included Green Energy promoting cleaner fuels like green hydrogen, ammonia, biofuels, and LNG through the National Green Hydrogen Mission. It also held discussions on Green Ships with advancements in low emissions, hybrid, and fully electric vessels with the government programmes like Green Tug Transition Programme (GTTP) and Harit Nauka initiative. The conclave also highlighted India’s effort to convergence of Green Ports with policy initiatives like Sustainable Ship Recycling Programme at Alang, adhering to Hong Kong Convention standards.
His Excellency Arsenio Dominguez, the Secretary General of IMO acknowledged India’s strategic role in global shipping, highlighting its contributions towards sustainable maritime development, alternative energy solutions, and international regulatory collaboration.
The valedictory session, presided over by the Union Minister Shri Sarbananda Sonowal and Shri Rajesh Kumar Sinha, Additional Secretary, Ministry of Ports, Shipping & Waterways, outlined India’s roadmap for a sustainable maritime future. In his concluding remarks, His Excellency, Arsenio Dominguez reiterated the IMO’s commitment to supporting India’s maritime transition through capacity-building, financial mechanisms, and technical cooperation. The Green Shipping Conclave 2025 and the IMO Secretary-General’s visit reinforced India’s position as a global leader in sustainable maritime practices. These engagements have deepened India-IMO cooperation, paving the way for advancements in decarbonization, alternative fuels, and digital transformation in the maritime industry.
The Green Shipping Conclave, 2025 was organised by the Ministry of Ports, Shipping & Waterways, the Directorate General of Shipping, the Institute of Marine Engineers (India). The conclave aimed at converging pioneering ideas and perspective to shape India’s leadership in maritime innovation, environmental sustainability and regulatory advancements aligning with the global goals of collective decarbonisation effort.
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G.D. Hallikeri / Henry
(Release ID: 2105136) Visitor Counter : 12
Source: Government of India
States urged Centre for support in privatisation of distribution to further enhance service delivery to consumers and improve efficiency
“Listing of Utilities should be taken up by States to bring investment”
“To attract investors in the listing process States should work on bringing viability in all sectors i.e. Generation, Transmission and Distribution”
“Battery Energy Storage System should be promoted more by States”
“States were urged to meet Renewable Purchase Obligation (RPO) requirement while working on their resource adequacy and sign Power Purchase Agreements (PPAs)”
“Steps should be taken to develop Intra-State Transmission network as per demand projections of 2032.”
Power Minister releases consumer service ratings of DISCOMS, Integrated ratings and 1st edition of comprehensive Distribution Utility Ranking for FY 2023-24
Haryana DISCOMs and Tata West in Odisha attained top ranks in the category of distribution utilities
Uttarakhand and Assam secured top rank among Special Category States
Among Urban utilities, Adani Electricity Mumbai Ltd. Tata Delhi and Noida Power Corp Ltd. Attained top ranks in Utility rankings
Posted On: 20 FEB 2025 8:42PM by PIB Delhi
The Regional meeting of Power Sector was held on 20th February 2025 in New Delhi. Union Minister of Power and Housing & Urban Affairs, Shri Manohar Lal chaired the meeting along with Union Minister of State for Power and NRE Shri Shripad Yesso Naik. The meeting was attended by Union Power Secretary, Additional Chief Secretaries/ Secretaries/ Principal Secretaries (Power/ Energy) of participating States, CMDs of Central and State Power Utilities. Officers from Ministry of Power also participated in the meeting.
Secretary (Power) Shri Pankaj Agarwal in his address highlighted the major concerns about financial health of public sector distribution utilities. He expressed concerns about slow progress of works under RDSS. He mentioned that timely implementation of the works under RDSS would help make the distribution sector operationally efficient. Further, he also urged the States for implementation of the Resource Adequacy Plan in a strategic manner and to resolve pending issues in ongoing projects in the Generation and Transmission projects.
Addressing the stakeholders in his opening address, the Union Minister of State for Power and NRE underlined the importance of a future ready, modern and financially viable power sector to fuel the growth of country on its journey towards becoming a developed nation. He mentioned that the growing demand for electricity supplemented by newer modes of consumption like Electric Vehicles, Data Centres and newer paradigms like RE integration, Battery Storage, Cyber Security of critical Infrastructure and Pumped Storage etc. demand for collective efforts from all concerned.
He pointed out financial viability of distribution sector is vital for the overall growth of power sector in the country. He further mentioned that distribution utilities need to make efforts for expeditious implementation of works sanctioned under RDSS and called the utilities to promote smart meters through effective consumer engagement. He also mentioned about the requirement of strengthening CyberSecurity frameworks so as to safeguard critical infrastructure.
In his closing remarks, Hon’ble Union Minister for Power and Housing & Urban Affairs mentioned that Power Sector has a vast domain and has multiple aspects. To discuss various challenges being faced by different stakeholders and to explore possible solutions, the Ministry has organised this meeting at regional level with participation from northern States. Power Sector has a vital role to play in India’s goal for becoming a developed nation by 2047 for which further integration of renewable as well as nuclear sources of energy is required. The world is aiming towards achieving net zero carbon emission and soon we may see demand for products manufactured through green energy only. Further, he mentioned that renewable energy sources should also be coupled with investment in Storage Systems like BESS and PSP.
He mentioned that today’s discussions have been fruitful and vital issues like financial viability of DISCOMs, expeditious implementation of works sanctioned under RDSS, transmission constraints, resource adequacy etc. were covered. The DISCOMs were advised to work towards improving their financial viability and have cost-reflective tariffs. States should also work towards listing of their power sector utilities which would help them in attracting funds for future investment to cater to load growth. DISCOMs to work towards improving their rankings for their improved credit worthiness. He also mentioned that energy efficiency is equally important. He mentioned that efforts should also be made towards capacity building of the utility functionaries. States to also implement the best practices in line with their requirements. He also assured full support from Central Government to States for strengthening the power sector.
The Ministry of Power remains dedicated to facilitating inter-state cooperation and addressing emerging challenges in the sector through such regional consultations. The outcomes of this meeting will contribute to the formulation of strategic policies for the sustainable development of India’s power sector.
The 13th Integrated Ratings of 63 Distribution Utilities was launched for the year FY 2023-24. Adani Electricity Mumbai Limited (AEML) topped the ratings for FY 2023-24, followed by Dakshin Gujarat Vij Company Limited (DGVCL), Noida Power Company Limited (NPCL), Madhya Gujarat Vij Company Limited ((MGVCL) and Uttar Gujarat Vij Company Limited (UGVCL).
The 4th edition of the Consumer Services Rating of DISCOMs (CSRD) report covering performance of DISCOMs for FY 2023-24 was launched during the meeting. Six (6) DISCOMs (BSES Rajdhani Power Limited (BRPL), BSES Yamuna Power Limited (BYPL), Tata Power Delhi Distribution Limited (TPDDL), Adani Electricity Mumbai Limited (AEML), Tata Power Company Limited (TPCL) Mumbai, NOIDA Power Company Limited (NPCL)) have secured the highest grade “A+”, Fifteen (15) DISCOMs secured “A” grade.
The first edition of the Distribution Utilities Ranking (DUR) Report for FY 2023-24 was also launched during the meeting. In the Distribution Utilities category – Uttar Haryana Bijli Vitran Nigam Limited (UHBVNL), Dakshin Haryana Bijli Vitran Nigam Limited (DHBVNL) and Tata Power Western Odisha Distribution Limited (TPWODL) topped the rankings. Under Special Category State Utilities –
Agenda for Regional Meeting with States/UTs
Joint Secretary (Distribution), Ministry of Power, GoI made a presentation on the agenda items. Highlights of the presentation are:
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JN /SK
(Release ID: 2105131) Visitor Counter : 53
Source: Government of India
Posted On: 20 FEB 2025 8:26PM by PIB Delhi
Government of India keeps a close watch on the prices of wheat and takes suitable appropriate interventions to ensure price stability for the consumers in the country. A total production of 1132 LMT of wheat was recorded during Rabi 2024 and there is ample availability of wheat in the country.
In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government of India imposed stock limits on Wheat applicable to Traders/Wholesalers, Retailers, Big Chain Retailers and Processors in all States and Union Territories. The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2024 was issued on 24 June 2024 and revised on 09 September 2024 & on 11 December 2024 and was applicable for all States and Union Territories.
As part of continuous efforts to moderate prices of wheat, Central Government has decided to revise the Wheat Stock limit applicable until 31st March 2025 as under:
|
Entities |
Existing Wheat Stock Limit |
Revised Wheat Stock Limit |
|
Trader/ Wholesaler |
1000 MT |
250 MT |
|
Retailer |
5 MT for each Retail outlet. |
4 MT for each Retail outlet. |
|
Big Chain Retailer |
5 MT for each outlet subject to maximum quantity of (5 multiplied by total number of outlets) MT stock at all their outlets & Depots put together. |
4 MT for each outlet subject to maximum quantity of (4 multiplied by total number of outlets) MT stock at all their outlets & Depots put together. |
|
Processor |
50% of Monthly Installed Capacity (MIC) multiplied by remaining months till April 2025. |
50% of Monthly Installed Capacity (MIC) multiplied by remaining months till April 2025. |
All wheat stocking entities are required to register on the wheat stock limit portal (https://evegoils.nic.in/wsp/login) and update the stock position on every Friday. Any entity which is found to have not registered on the portal or violates the stock limits will be subject to suitable punitive action under Section 6 & 7 of Essential Commodities Act,1955.
In case the stocks held by above entities are higher than the above prescribed limit, they shall have to bring the same to the prescribed stock limits within 15 days of issue of the notification.
The Department of Food and Public Distribution is maintaining a close watch over the stock position of Wheat to control prices and ensure easy
availability in the country.
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Abhishek Dayal/Nihi Sharma
(Release ID: 2105124) Visitor Counter : 94
Source: Government of India (2)
Posted On: 20 FEB 2025 8:19PM by PIB Delhi
Indian Railways has implemented several strict measures following the unfortunate stampede incident at New Delhi Railway Station last Saturday. Special holding areas and additional RPF deployment have been arranged to enhance passenger safety at key stations, including Ayodhya, Varanasi, Ghaziabad, New Delhi, and Anand Vihar. A holding area has been developed at Ghaziabad Station. Other safety Measures have also been implemented to prevent anyone from crossing the ropes (safety area) while a train is arriving at the platform. For this, the deployment of RPF personnel along with ropes on the platforms has been arranged. This will ensure that passengers do not approach the train before it comes to a complete stop.
Safety measure at Ghaziabad Railway Station
Indian Railways is geared up to handle a surge in passenger traffic during the final week of the MahaKumbh Mela by establishing holding areas at various stations in Northern Railway, North Central Railway, North Eastern Railway and East Central Railway. These Holding areas are located outside the platforms to help control the flow of passengers and prevent overcrowding. Passengers are allowed to enter the platforms based on the scheduled departure times of their trains. This initiative aims to improve crowd management and enhance passenger safety, especially during peak hours and festive seasons.
Holding Area at New Delhi Station
Northern Railway has created massive holding areas at Ghaziabad measuring 4200 sq ft, Anand Vihar 3800 sq ft, New Delhi 12710 sq ft, Ayodhya Dham 3024 sq m. and Banaras 1280 sq m and 875 sq m.
Holding area at Anand Vihar Terminal, Delhi
North Eastern Railway has also created holding areas at Banaras measuring 2200 sq ft., Siwan 5250 sq ft, Ballia 8000 sq ft, Deoria 3600 sq ft, Chhapra 10000 sq ft, Gorakhpur: 2500 sq ft.
Holding area at Ayodhya Dham
East Central Railway has created two holding areas at Rajendra Nagar Terminal: 2700 sq ft & 800 sq ft, Patna Jn 2700 sq ft & 2700 sq ft, Danapur 2700 sq ft & 2400 sq ft. Also, Holding areas are created at stations like Ara 3375 sq ft, Buxar: 900 sq ft, Muzaffarpur: 2400 sq ft., Hajipur: 2400 sq ft, Barauni: 2400 sq ft, Samastipur 2400 sq ft, Jaynagar: 2000 sq ft, Madhubani: 2000 sq ft, Raxaul: 2000 sq ft, Sakri: 2000 sq ft, Darbhanga: 2400 sq ft, Saharsa: 2400 sq ft, Pt. Deen Dayal Upadhyay Jn: 2400 sq ft, Sasaram: 2000 sq ft,Gaya: 2000 sq ft
North Central Railway has also created holding areas at Prayagraj Jn: 10,737 sq m, Naini: 10,637 sq m, Prayagraj Chheoki: 7500 sq m.
As a part of Kumbh area, Northern Railway and North Eastern Railway have also created Permanent/Temporary Holding areas at Prayag Jn: 10,000 sq m, Phaphamau Jn: 8775 sq m, Jhusi: 18,000 sq m and Prayagraj Rambagh: 4000 sq m.
Holding area at Varanasi Railway Station
Such holding areas and crowd management measures are already in place in Prayagraj area Railway stations. These measures are for passengers with greater convenience while boarding their trains, similar to the facilities provided during peak travel seasons such as Chhath and Diwali. Indian Railways urges passengers to cooperate and adhere to official guidelines to ensure smooth and safe travel operations. For further updates, passengers are advised to stay informed through the official channel.
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Dharmendra Tewari/Shatrunjay Kumar
(Release ID: 2105120) Visitor Counter : 12
Source: Government of India (2)
Aquapark and Research Centre Project worth Rs. 25 Crores Announced for Madhya Pradesh
Posted On: 20 FEB 2025 8:12PM by PIB Delhi
The Department of Fisheries under the Ministry of Fisheries, Animal Husbandry and Dairying, is organizing a special nationwide campaign for registrations on the National Fisheries Digital Platform (NFDP) along with expediting registration approvals and mobilizing applications from eligible stakeholders for availing various benefits provided under Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PMMKSSY) from 14th to 22nd February 2025.
As a part of this effort, the Department of Fisheries organized Mobilization Camp for registrations on the National Fisheries Digital Platform (NFDP) on 20th February 2025 in Depalpur, District Indore, Madhya Pradesh. The event was graced by Shri George Kurian, Minister of State for Fisheries, Animal Husbandry & Dairying and Minority Affairs along with Shri Narayan Singh Panwar, Minister, Fisheries welfare and Department of Fisheries, Madhya Pradesh, Shri Shankar Lalwani, Member of Parliament (MP), Indore, Madhya Pradesh, and Shri Ravi Kuma, Director Department of Fisheries, Indore. This effort in collaboration with State/UT Fisheries Departments, the National Fisheries Development Board (NFDB), and Common Service Centers (CSCs), focuses on expediting the registration process, enhancing approval rates, and encouraging eligible stakeholders to avail themselves of the numerous benefits under PMMKSSY, such as credit facilitation, aquaculture insurance and performance grants. In Madhya Pradesh 60,426 people have registered on the NFDP Portal, till date 33,820 applications have been approved and 25,402 applications are in progress.
During the outreach program Aquapark and Research Centre project in Madhya Pradesh was announced at a project cost of ₹25 crore, in addition a Fish Parlor was inaugurated to promote fish consumption and improve market access for fishery products.
Union Minister, Ministry of Fisheries, Animal Husbandry & Dairying (MoFAH&D) Shri George Kurian addressed the gathering and highlighted the fisheries sector’s critical role in food security, livelihoods, and the economy, supporting approximately 3 crore people. He emphasized upon India’s global leadership as the top producer of cultured shrimp and the second-largest producer of aquaculture and fish. The Minister discussed the Pradhan Mantri Matsya Sampada Yojana (PMMSY), launched in 2020 with an investment of ₹20,050 crore, and the approval of a new sub-scheme, Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PMMKSSY), with an outlay of ₹6,000 crore for 2023-27. He also highlighted the National Fisheries Digital Platform (NFDP), launched on September 11, 2024, to formalize the fisheries sector, which has already registered 18 lakh stakeholders. He urged all stakeholders to register on NFDP and avail themselves of the scheme’s benefits, aligning with Prime Minister Shri Narendra Modi’s vision of Viksit Bharat 2047 to make India a global leader in fisheries and aquaculture.
1500 Fisheries cooperative, fishermen and entrepreneurs participated in the camp. The Registration Outreach Program concluded with a strong call for active participation from all stakeholders.
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Aditi Agrawal
(Release ID: 2105111) Visitor Counter : 50
Source: Government of India
Posted On: 20 FEB 2025 7:45PM by PIB Delhi
Steel Cutting ceremony of third of the five Fleet Support Ships (FSS) was held at M/s L&T Shipyard, Kattupalli on 20 Feb 25, in the presence of R Adm Satish Shenai, Flag Officer Commanding Tamil Nadu and Puducherry Naval Area and senior officials from Indian Navy, Hindustan Ship Yard Limited (HSL) and M/s L&T. The Indian Navy had signed a contract with HSL for acquisition of Five Fleet Support Ships (FSS) in Aug 2023, with delivery commencing mid-2027. Showcasing the strength of Public – Private partnership, HSL has contracted part construction of two FSS to M/s L&T Shipyard, Kattupalli to effectively utilise country’s shipbuilding capacity and meet stringent timelines for delivery.
On induction, the FSS will bolster the Blue Water capabilities of the Indian Navy through replenishment of Fleet ships at sea. These ships, with a displacement of more than 40,000 tons, will carry fuel, water, ammunition and stores enabling prolonged operations without returning to harbour, thus enhancing the Fleet’s extended reach and mobility. In their secondary role, these ships would be equipped for Humanitarian Aid and Disaster Relief (HADR) operations for evacuation of personnel and expeditious delivery of relief material during natural calamities.
With a completely indigenous design and sourcing of the majority of equipment from indigenous manufacturers, this project will boost the Indian Shipbuilding Industry and is in consonance with GoI initiatives of Aatmanirbhar Bharat, Make in India and Make for the World.
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VM/SPS
(Release ID: 2105099) Visitor Counter : 42