Category: India

  • MIL-OSI Economics: Result of the 45-day Variable Rate Repo (VRR) auction held on February 21, 2025

    Source: Reserve Bank of India

    Tenor 45-day
    Notified Amount (in ₹ crore) 75,000
    Total amount of bids received (in ₹ crore) 57,951
    Amount allotted (in ₹ crore) 57,951
    Cut off Rate (%) 6.26
    Weighted Average Rate (%) 6.28
    Partial Allotment Percentage of bids received at cut off rate (%) NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2214

    MIL OSI Economics

  • MIL-OSI Economics: APAC motor insurance industry to surpass $301 billion by 2029, forecasts GlobalData

    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.”

    MIL OSI Economics

  • MIL-OSI Economics: Result of the 14-day Variable Rate Repo (VRR) auction held on February 21, 2025

    Source: Reserve Bank of India

    Tenor 14-day
    Notified Amount (in ₹ crore) 75,000
    Total amount of bids received (in ₹ crore) 41,046
    Amount allotted (in ₹ crore) 41,046
    Cut off Rate (%) 6.26
    Weighted Average Rate (%) 6.26
    Partial Allotment Percentage of bids received at cut off rate (%) NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)   

    Press Release: 2024-2025/2213

    MIL OSI Economics

  • MIL-OSI Economics: India’s Industrial Park Rating System: IPRS 2.0 and Beyond

    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.

    MIL OSI Economics

  • MIL-OSI Economics: Result of the Daily Variable Rate Repo (VRR) auction held on February 21, 2025

    Source: Reserve Bank of India

    Tenor 3-day
    Notified Amount (in ₹ crore) 1,75,000
    Total amount of bids received (in ₹ crore) 94,927
    Amount allotted (in ₹ crore) 94,927
    Cut off Rate (%) 6.26
    Weighted Average Rate (%) 6.27
    Partial Allotment Percentage of bids received at cut off rate (%) NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2212

    MIL OSI Economics

  • MIL-OSI Economics: Result of Underwriting Auction conducted on February 21, 2025

    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:

    Nomenclature of the Security Notified Amount
    (₹ crore)
    Minimum Underwriting Commitment (MUC) Amount
    (₹ crore)
    Additional Competitive Underwriting Amount Accepted
    (₹ crore)
    Total Amount underwritten
    (₹ crore)
    ACU Commission Cut-off rate
    (paise per ₹100)
    6.75% GS 2029 14,000 7,014 6,986 14,000 0.12
    6.98% GOI SGrB 2054 5,000 2,520 2,480 5,000 0.89
    7.34% GS 2064 15,000 7,518 7,482 15,000 0.25
    Auction for the sale of securities will be held on February 21, 2025.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2211

    MIL OSI Economics

  • MIL-Evening Report: I lost weight and my period stopped. How are weight and menstruation linked?

    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 role of hormones

    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.

    Fat cells produce oestrogen, a hormone with a key role in the menstrual cycle.
    Halfpoint/Shutterstock

    Can being underweight affect my period?

    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.

    How about being overweight?

    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?


    What else might be going on?

    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).

    Changes in weight and your period could be a sign of menopause approaching.
    Sabrina Bracher/Shutterstock

    When should I worry?

    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

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Global: I lost weight and my period stopped. How are weight and menstruation linked?

    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 role of hormones

    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.

    Fat cells produce oestrogen, a hormone with a key role in the menstrual cycle.
    Halfpoint/Shutterstock

    Can being underweight affect my period?

    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.

    How about being overweight?

    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?


    What else might be going on?

    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).

    Changes in weight and your period could be a sign of menopause approaching.
    Sabrina Bracher/Shutterstock

    When should I worry?

    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

    MIL OSI – Global Reports

  • MIL-OSI Economics: Money Market Operations as on February 20, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 5,73,540.52 6.23 3.00-6.65
         I. Call Money 16,460.79 6.35 5.15-6.45
         II. Triparty Repo 3,88,782.20 6.20 5.75-6.61
         III. Market Repo 1,66,214.48 6.27 3.00-6.65
         IV. Repo in Corporate Bond 2,083.05 6.51 6.50-6.60
    B. Term Segment      
         I. Notice Money** 305.30 6.24 5.75-6.45
         II. Term Money@@ 631.00 6.50-6.65
         III. Triparty Repo 1,385.95 6.21 6.00-6.45
         IV. Market Repo 324.50 6.58 6.45-6.60
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Thu, 20/02/2025 1 Fri, 21/02/2025 1,00,022.00 6.27
      Thu, 20/02/2025 1 Fri, 21/02/2025 32,916.00 6.26
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Thu, 20/02/2025 1 Fri, 21/02/2025 760.00 6.50
    4. SDFΔ# Thu, 20/02/2025 1 Fri, 21/02/2025 1,37,648.00 6.00
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -3,950.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Mon, 17/02/2025 4 Fri, 21/02/2025 57,413.00 6.26
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Fri, 14/02/2025 49 Fri, 04/04/2025 75,003.00 6.28
      Fri, 07/02/2025 56 Fri, 04/04/2025 50,010.00 6.31
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,095.71  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     1,91,521.71  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     1,87,571.71  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on February 20, 2025 8,87,764.02  
         (ii) Average daily cash reserve requirement for the fortnight ending February 21, 2025 9,12,240.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ February 20, 2025 1,32,938.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on January 24, 2025 -34,103.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2024-2025/2138 dated February 12, 2025 and Press Release No. 2024-2025/2013 dated January 27, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2210

    MIL OSI Economics

  • MIL-OSI USA News: Press Briefing by Press Secretary Karoline Leavitt, Deputy Chief of Staff Stephen Miller, National Economic Council Director Kevin Hassett, and National Security Advisor Mike Waltz

    Source: The White House

    class=”has-text-align-left”>
    1:05 P.M. EST
     
         MS. LEAVITT:  Hello.  Good afternoon, everybody.  I brought some heavy hitters in here with me today. 
     
    Today marks one month of President Trump’s return to the Oval Office, and there is no denying this administration is off to a historic start.  The President has already signed 73 executive orders.  That is more than double the number signed by Joe Biden and more than quadruple the number signed by Barack Obama over the same period.
     
    These executive orders have ended burdensome regulations; sealed the border; unleashed our domestic energy sector; eliminated divisive DEI from our federal government; stopped the weaponization of government; cut waste, fraud, and abuse; reinstituted “America First” trade and foreign policies; and ultimately restored common sense. 
     
    The President also signed the Laken Riley Act into law, which ensures ICE will detain illegal aliens arrested or charged with theft or violence. 
     
    As of today, the Senate has already confirmed 18 Cabinet-level nominees, which is more than at this point under the Obama administration in 2009 and more than double the pace of the Biden administration in 2021. 
     
    And today, we expect Kash Patel to be confirmed as the next director of the FBI. 
     
    We are proud to announce that the president will host his first official Cabinet meeting here at the White House next Wednesday, February 26th. 
     
    In just four weeks, President Trump has already hosted the leaders of Israel, Japan, Jordan, and India.  And next Monday, the President will host France’s President, Emmanuel Macron, and on Thursday, the UK Prime Minister, Keir Starmer, will visit the White House as well. 
     
    As you all know, over the past month, the President has taken questions from the press — all of you — nearly every single day, sometimes on multiple different occasions in the same day, on any topic any of you wish to talk about. 
     
    President Trump set the tone on this approach immediately when he took more than 12 times the questions in his first few hours in office as Joe Biden did in his entire first week. 
     
    Yesterday, we hosted a local media row here at the White House with television and radio stations from across the country that reached up to 60 million viewers and listeners. 
     
    In our ongoing pursuit of transparency, on this one-month celebration, I am thrilled to bring three of my colleagues and our policy experts here at the White House to further recap this incredible first month of accomplishments in greater detail.
     
    We have Deputy Chief of Staff for Policy and Homeland Security Advisor Stephen Miller; the Director of the National Economic Council, Kevin Hassett; and our National Security Advisor, Mike Waltz. 
     
    I will hand it over to them.  They will deliver brief remarks on the accomplishments of this administration in the first month, and then we will open it up to Q and A.  When we open up the Q and A portion, I do ask, for the sake of efficiency in this room, that you direct your question to the principal you seek an answer from.  And I will call on you in this room.
     
    But first I will let them roll through their remarks.  And first up, I’ll turn it over to Stephen Miller.
     
    MR. MILLER:  Thank you.  It’s great to be back.
     
    And I want to just thank you all for joining today our one-month celebration of the most historic opening to a presidency in American history.  No president comes close to what Donald Trump has achieved over just the last 30 days.
     
    He has packed eight years of transformative action restoring this nation, restoring our laws, restoring fairness, restoring economic opportunity, restoring national security in just one month.  No one in this country has ever seen anything like it. 
     
    And when you look at the consequentiality and the significance and the transformative nature of the actions he’s taking, it truly defies description.  For example, in just one area, this nation has been plagued and crippled by illegal discrimination: diversity, equity, and inclusion policies.  It strangled our economy.  It has undermined public safety.  It has made every aspect of life more difficult, more painful, and less safe. 
     
    He has ended all DEI across the federal government.  He has terminated all federal workers involved in promulgating these unlawful policies.  He has ended diversity, equity, and inclusion in all federal contracting.  He has restored merit as the cornerstone of all federal policy; restored the full, fair, impartial enforcement of our federal civil rights laws for the first time in generations; and he has cracked down on individuals across this government and nonprofits who have engaged in illegal racial discrimination against the American people. 
     
    This includes making clear to every educational institution in this country that ending diversity, equity, and inclusion, ending unlawful race discrimination is a precondition of receiving federal funds. 
     
    He has also saved women’s sports by ending the participation of men in women’s sports.  He has ended radical gender ideology across the entire federal government, and he’s pressured the private sector to also end and combat radical gender ideology.  He’s reestablished the scientific and biological truth that there are only two sexes in this country — male and female — that those are biologically based determinations.  They are not based and can never be based on gender identity. 
     
    That includes rooting out of the Department of Defense all DEI policies, all critical race theory, all gender madness, and once again having a military that is focused solely and exclusively on readiness, preparedness, and lethality.
     
    As I’m sure Kevin will talk about more, of course, he has undertaken a historic cost-cutting effort across the federal government, launching the first-ever Department of Government Efficiency, uncovering corruption on a scale that we never thought imaginable, terminating every single federal worker that we — that we have found to be engaged in the corruption and theft and the waste of taxpayer dollars, and already saving $50 billion in a single year, which over a 10-year period would be $500 billion.  Just think about how vast and enormous that sum is. 
     
    Of course, as you all know, he has renamed the Gulf of Mexico to its correct and proper name: the Gulf of America.  He has renamed Mount Denali into Mount McKinley, part of a historic effort to restore patriotism and national pride all across this land. 
     
    He has ended the weaponization of the federal government, restored the Department of Justice to its true mission of combating threats to this nation and keeping the American people safe. 
     
    He has ended all federal censorship of free speech.  This has been one of the greatest crises that has plagued this nation.  Years and years and years, the federal government violating the First Amendment to take away Americans’ right of free speech — President Trump has ended that.  And he has demanded that all federal workers, all law enforcement cease any effort to intimidate the rights of Americans or to police their speech. 
     
    He has also restored the death penalty at the Department of Justice, including for illegal aliens who commit murder, including for those who murder cops, and including for all of those who threaten Americans with heinous acts of violence.  The death penalty is back.  Law and order is back.  The streets are being made safe once again. 
     
    On the public health front, he has launched the nation’s first-ever commission — the MAHA Commission — Make America Healthy Again, following the historic confirmation of RFK Jr., to finally uncover the true root causes of the public health crisis in this country, the childhood disease epidemic in this country, the spiraling rates of pediatric cancer and devastating childhood sickness. 
     
    He has finally created a situation where the federal heal- — health agencies in this country will be focused on preventing disease, on keeping children from getting sick in the first place, not sentencing them to a lifetime in and out of hospitals, suffering needlessly, when we can find ways to prevent this epidemic of illness. 
     
    Then, of course, on homeland security.  Today, it is officially the law of the land at the conclusion of the congressional notification process that six Mexican cartels and two transnational gangs — Tren de Aragua, or TDA, and MS-13 — so eight organizations in total — are now formally designated as foreign terrorist organizations, which means that every single member of those organizations who operates on U.S. soil is now, as a legal matter, a terrorist, and they will be treated as terrorists. 
     
    This is a sea change in U.S. policy.  And this means the Department of Justice and the Department of Homeland Security, along with the rest of U.S. law enforcement and the Department of Defense, are now operating in a legal reality where these cartels are recognized as terrorists, and there will be a whole-of-government effort to remove these terrorists from our soil and to degrade their ability to threaten or undermine any American security or sovereignty interests.
     
    Border crossings since the day he took office are down 95 percent.  I think it’s almost impossible to even describe the scale and scope of that achievement.  President Trump, within days of taking office, cut border crossings 95 percent. 
     
    And those few who have dared to cross are being either prosecuted or deported.  They’re either facing significant jail time for trafficking, smuggling, harboring, aiding, impeding, or they’re being immediately removed from our soil.  Either way, at the end of the process, they are going home. 
     
    He has reimplemented Remain in Mexico, and he has obtained historic cooperation from foreign countries all around the world in accepting their deportees back. 
     
    And he has used the United States military to fully seal the southern border with a historic deployment of both active duty and National Guard troops, resumed the building of infrastructure.  He has opened up Guantanamo Bay, and he’s using military aircraft to carry out deportations all across this country. 
     
    And ICE is joining with ATF, DEA, and FBI to carry out the largest deportation operation in American history.  The criminals are going home.  The border is sealed shut.  America is safe, sovereign, proud, and free.  We are a nation that everyone in the world understands all across this planet: You do not come here illegally.  You will not get in.  You will go to jail.  You will go home.  You will not succeed. 
     
    This is the biggest and most successful change in any area of law enforcement that this nation has ever seen, and he did it in under one month. 
     
    Thank you.
     
    MR. HASSETT:  Should I go?
     
    MS. LEAVITT:  Yes, yes.
     
    MR. HASSETT:  Well, thank you, Karoline.  Thank you, Stephen. 
     
    You know, one of the things that President Trump cares most about is job creation.  And it was about seven years ago I had the honor of joining you in this room for the first time, and it looks like we’ve created a lot more jobs in the last month.  Look at how many people are here.  I — my estimate is about 180 but — but I didn’t count. 
     
    So, thank you.  It’s really an honor to be back here.  I think that I just want to go over a few things and then hand it off to Mike. 
     
    The first thing is that the President has told us to prioritize fighting inflation, and he had to do that because, as you know, President Biden let inflation get completely out of control.  And he did it with policies that made no sense.  They made no sense. 
     
    You know, a lot of times, you people say to us — our friends, the journalists — you know, “Why are you doing that?”  But — but, you know, I like to think, “Why did they do that?  Why did they spend so much money and then — why did the Fed print so much money so that we had inflation as high as we’ve ever seen since Jimmy Carter?  So, why did they do that?”
     
    So, we’re addressing inflation.  We didn’t have to address it in the first term, because it was always in the 1s, almost always.  But we’re going to get it back there. 
     
    And how are we doing it?  Well, we’re doing it with a plan that President Trump and I and others have talked about in the Oval that involves, like, every level of fighting inflation. 
     
    First, the macroeconomic level.  We’re cutting spending.  We’re cutting spending in negotiations with people on the Hill.  We’re cutting spending with the advice of our IT consultant, Elon Musk.  And then we’re also looking into supply-side things, like restoring Trump’s tax cuts, maybe even expensing new factories so that there is an explosion of supply.  If you have an explosion of supply and a reduction in government demand, then inflation goes way down. 
     
    And then, one of the things that you want to say is “Well, when are you going to see it?”  Well, the first thing that you’ll see when the markets believe that we’re going to get inflation under control is that the 10-year Treasury rate goes down, because that’s how they think about future expected inflation. 
     
    And so, we’re still going to see some memory of Biden’s inflation.  It’s not going to go away in a month.  But the 10-year Treasury before the last Consumer Price Index had dropped about 40 basis points.  Forty basis points because markets were optimistic about our ability to fight inflation. 
     
    Forty basis points is kind of not a fun thing to say.  I — economists talk that way.  I apologize.  But the way to think about it is, for a typical mortgage, if that affects the mortgage rate, then it’s going to save a typical family buying a house about a thousand bucks a year, and that’s just in our first month. 
     
    Okay.  The second thing we’ve done is we’ve had a lot of trade talks.  In fact, I was just meeting a minister from Mexico with Howard Lutnick just a couple of hours ago.  And we’re talking about reciprocal trade, and we’re also talking about the fentanyl crisis. 
     
    And so, reciprocal trade is about our government treating other governments the way they treat us.  We want trade to be fair.  It turns out that Americans have been disadvantaged by foreign governments over and over, and President Trump wants it to stop.  And the fact that struck me as most noticeable, when I started to look at what President Trump was asking us to do, is that last year — last year — we have data — U.S. companies paid $370 billion in taxes to foreign governments — $370 billion.  Last year, foreign multinationals paid us $57 billion in taxes. 
     
    We have one quarter of world GDP.  They have three quarters of world GDP.  And we’re paying $370.  They’re paying $57.  This is not reciprocal.  We’re going to try — or we’re going to fix it. 
     
    The other thing that we’ve done is we’ve had an all-of-the-above energy approach that’s led by Doug Burgum and Chris and a really large team — EPA — and we’ve already made so many actions that are going to affect the price of energy and lower inflation. 
     
    We’ve opened up 625 million acres to energy exploration.  We’ve cut 50 years of red tape that makes it so you can’t have permits.  And we’ve even made it so that when you go home, if you get a new one, then you can take a shower or flush a toilet or read under a light bulb.  We’re doing that too. 
     
    So — so, finally, let’s just think about, like, the facts that we can see right now that we think are awesome.  So, guess what?  Small-business optimism is — has go- — gone up by the most ever since President Trump came in.  ISM, which is the measure of what’s going on in manufacturing, it’s expanding again for the first time in years.  CEO confidence is the highest it’s been in years.  And the reason — the reason people are thinking this is that our policies give people cause for optimism. 
     
    And then I want to reiterate what Stephen Miller said, because it’s so important — and it’s so important for financial markets to start to digest this — that if, say, the Treasury secretary or the — any Cabinet secretary, with Elon Musk, is able to find some savings — say, $100 billion — well, in CBO land, that’s actually, like, about 10 times that or maybe 12 times that over a 10-year window. 
     
    And so, when you’re thinking about the negotiations right now over reconciliation and thinking about, well, $4 trillion, $5 trillion, well, those numbers, in terms of the savings, are going to end up being small because of all the waste that we’re finding. 
     
    And so, we’re incredibly optimistic about the future of inflation and the future of our economy.  And we’re optimistic because we’re making so much progress so far, and we already see it in market prices. 
     
    And, with that, I’ll hand it off to Mike. 
     
    MR. WALTZ:  All right.  Thanks, Kevin. 
     
    Well, good afternoon.  What a month and what a sea change in our — in our foreign policy.  In addition to what we’re doing on the border and restoring American sovereignty, in addition to what we’re doing in our economy and the job creation and the inflation reduction, we are bringing the world back to where it was at the end of President Trump’s first term, which is a world of peace, prosperity, and — and looking forward and getting us out of the chaos that we’ve just seen over the last four years. 
     
    So, over the last month, just to name a few, I had the honor of sitting in the Oval Office as President Trump spoke with President Putin and then immediately spoke with President Zelenskyy, and both of them said only President Trump could bring both sides to the table, and only President Trump could stop the horrific fighting that has been going on now for the better part of four years and that only President Trump could drive the world back to peace.  Both of those leaders said that in back-to-back calls.
     
    And, of course, we just had our historic talks mediated by our — our good friends and partners, Saudi Arabia — we give great thanks to Crown Prince Mohammed bin Salman for hosting — and sat down for the first time in years with the Russians and talked about a path forward with peace.
     
    On top of that and one of the things that led to that was a tremendous co- — confidence-building measure that we had with the release of Marc Fogel.  I’ll remind everyone, the last time that we had an American released from the Russians, either we gave up a deadly spy; pressured our allies to give up a lethal killer; or we released, under the Biden administration, the world’s most notorious arms dealer, Viktor Bout, who, by the way, had one of his main clients for arms the cartels in — in Mexico and Central America. 
     
    We gave up none of that.  This was released as a confidence-building measure, working with our great Middle East Envoy, Steve Witkoff, and our secretary of State as a first step towards opening these talks and then moving forward towards peace. 
     
    On top of that, we’ve secured, just in a month, the return of a dozen — 12 — American hostages from Russia, from Bulgaria, from Venezuela, the Taliban, and Hamas.  Excuse me, that’s from Belarus, not Bulgaria. 
     
    We also had — for the first time in quite some time, we took out a senior leader of ISIS, an international financier and recruiter that the military had been trying to take out for quite some time and — and wasn’t able to do so, frankly, because of a bureaucratic approval process.  President Trump said, “Take him out.”  And that ISIS financier and leader is no longer on this Earth. 
     
    We’ve also taken action to eliminate other terrorist organizations in the Middle East.  We drove — before the President was even in office, he started talking consequences for people that would hold Americans. 
     
    Heretofore, there’s been nothing but upside.  You take an American, you get some better deal.  You take another one, maybe you get a better deal.  No more.  There is now nothing but downside for taking Americans illegally, either as hostages or illegal detainees. 
     
    And when President Trump sent a very clear message across the Middle East, but particularly to Hamas, that there would be all hell to pay, we suddenly saw a breakthrough.  And now we just saw the release of yet another group of hostages.  There have been dozens now, including two Americans that we’ve seen once again reunited with their families. 
     
    As part of the talks with King Abdullah, he offered — and — and I think the entire world has graciously accepted — to take 2,000 sick children, cancer patients, and others out of Gaza.  As a humanitarian — as a humanitarian gesture, 2,000 Gazans will come out of that hellhole that it is, that wasteland that Gaza is right now, with unexploded ordnance, with debris everywhere, with no sewage, with no water.  And — and President Trump has — has put forward a plan to deal with the practical reality that is 1.8 million Gazans now — now truly suffering.
     
    And then, you know, just to bring it back to our own hemisphere, we’ve seen literally, in the last month — after years of national security experts, the generals in charge, and others testifying and ringing the alarm bells about — about the Chinese Communist Party’s presence in our own hemisphere, particularly in the Panama Canal, we’re seeing the leadership of Panama step away from the Belt and Road program, move away from China and back towards the United States, and even enter into talks and — and other negotiations about addressing the ports on either side of the canal. 
     
    And then, finally, last but not least, we’ve had four world leaders in the White House, in the Oval Office.  We’ve had the prime minister of Japan, the prime minister of India, the king of — of Jordan, and, of course, the prime minister of Israel just in the last four weeks.  And next week, we’ll have the Prime Minister of the United Kingdom and we’ll have the president of France, Macron. 
     
    So, President Trump is on what we call Trump warp speed.  We are all — we are all honored to be really serving under — under his leadership and his vision.  And truly, you know, when we all say — and the President himself say — says, he is a president of peace.  He is a president focused on restoring stability.  I think the entire world saw what the world would look like without strong American leadership in the last four years.
     
    And it’s truly been an honor to get us back to where we were and back on track under President Trump’s leadership. 
     
    MS. LEAVITT:  Thank you, Mike. 
     
    MR. WALTZ:  Mm-hmm.
     
    MS. LEAVITT:  Thank you.  Thank you, everybody.  I’m sure you’re very eager to ask questions of these very smart people working very hard on behalf of the president. 
     
    We do have somebody in our new media seat today.  We have John Stoll, who is the head of news at X.  As you all know — you’re all on X — it’s home to hundreds of millions of users, a large contingent of independent journalists and news organizations across geographies and political spectrums.  And at the same time, X remains the go-to platform for many legacy news outlets.  And I know, as I mentioned, many of the reporters in this room use X to attract eyeballs to your work. 
     
    Prior to joining X, John spent two decades in journalism, including several years as an editor at The Wall Street Journal.  We are excited to have him in the briefing room today.
     
    John, we’ll let you kick it off.  And as I said at the top, please direct your question to the individual up here who you’d like an answer from. 
     
    John, why don’t you begin.
     
    Q    All right.  Thank you very much.  I am sitting in for a thriving ecosystem of journalists, independent and — and emerging news organizations who do depend on X for publicity, for a business model.  And so, I look forward to seeing many of them in this seat in months and years to come. 
     
    I also thank you, Karoline, for opening this seat up to new media.  It — it really is a testament not only to your open-mindedness but also to innovation that you’d actually think about, you know, folks that are not traditionally credentialed to be in this room to be in this room and to not only have a question but also to witness — you know, this is at a very important intersection of power and the free press.
     
    And so, just the ability to witness this and — and be part of it, it brings everybody’s game up.  So, thank you for that. 
     
    I think this is for Mike Waltz.  My question is about Ukraine.
     
    MR. WALTZ:  Sure.
     
    Q    For about more than 10 years, I’ve been fascinated, like all — like many, with what’s going on.  I was in Northern Europe working out of the Baltics when Crimea was annexed and was — a lot — a lot of this came on Twitter.  The platform used to be known as Twitter.  Was — a lot of European leaders would — would talk about their disappointment and — and solidarity with Ukraine, but when it came to actually doing something, it felt like they were passing a hot potato and sent it over the Atlantic. 
     
    I wonder how much of what we’re seeing right now out of the administration and President Trump is a call to Europe and the European leaders and allies that we’ve traditionally had to pick up that hot potato and — and start doing something a little bit more concrete to win and preserve the peace in Ukraine. 
     
    The second question I have is — it — it’s related — is there’s been some — a lot of speculation that President Trump and the administration might be manipulated by Pre- — by Vladimir Putin.  I wonder if you can just talk a little bit about the administration’s posture —
     
    MR. WALTZ:  Yeah.
     
    Q    — and your confidence in the competence of this administration to d- — go toe to toe with Vladimir Putin. 
     
    MR. WALTZ:  Well, if there’s an- — I’ll take the l- — second question first.  If there’s anybody in this world that can go toe to toe with Putin, that could go toe to toe with Xi, that could go toe to toe with Kim Jong Un — and we could keep going down the list — it’s Donald J. Trump.  He is the dealmaker in chief.  There is no question that he is the commander in chief. 
     
    And I, for one — and I think all Americans and around the world should have no doubt about his ability to not only handle Putin but to handle the complexity of driving this war to an end. 
     
    And then on your first piece on Europe, I’ll take you back to 2014.  You’re right.  There was a lot of hand-wringing in Europe and not a lot of action.  There was also a lot of hand-wringing here in Washington under the Obama administration and not a lot of action.  They literally threw blankets at the problem. 
     
    And so, I’ll remind everyone that Putin had, you know, some type of conflict, invasion, or issue with their neighbor under President Bush, with Georgia; under President Obama, with Ukraine in 2014; not under President Trump, 45; and again with President Biden in 2022.  The war should have been deterred.  The war should have never happened, and I have no doubt it would not have happened under President Trump and will stop under President — President Trump again. 
     
    But I just want to push back on this notion of our European allies not being consulted as we’ve entered into this process.  I already mentioned the immediate phone call President Trump made to President Zelenskyy.  He has talked to President Macron of France repeatedly last week.  President Macron convened European leaders and then is coming here on Monday.  Prime Minister Starmer is coming next Thursday. 
     
    We’ve also — I’ve talked to every one of my national security — national security advisor counterparts across — across the spectrum in Europe.  I’ve talked to Secretary-General Rutte, the — the leader of NATO, the secretary-general of NATO.  We have repeatedly — oh, by the way, we had half our Cabinet — seven Cabinet officials, including the vice president, at the Munich Security Conference, all engaging, all listening, and all making sure our allies were heard. 
     
    However, we’ve also made it clear for years — decades, even — that it is unacceptable that the United States and the United States taxpayer continues to bear the burden not only of the cost of the war in Ukraine but of the defense of — of Europe.  We fully support our NATO Allies.  We fully support the Article 5 commitment.  But it’s time for our European allies to step up. 
     
    And one of the things that Secretary-General Rutte said on our call was this last couple of weeks have been a real wake-up call.  And I asked him, “What have you been missing the last couple of years?” 
     
    The fact that we are going to enter into a NATO summit this June with a third of our NATO Allies still not meeting the 2 percent minimum, a commitment they made a decade ago — literally a decade ago — with a war on their doorstep — the largest war that they’re all extremely concerned about — but yet it’s “Well, somebody else needs to pay.  We’ve got other domestic priorities.”  It’s unacceptable.  President Trump has made that clear. 
     
    And the minimum needs to be met.  We need to be at 100 percent in — this June at the NATO summit.  And then let’s talk about exceeding it, which what — is what President Trump has been talking about, with 5 percent of GDP. 
     
    Europe needs to step up for their own defense as a partner.  And we can be friends and allies and have those tough conversations. 
     
    MS. LEAVITT:  Great.  Peter.
     
    Q    Thank you, Karoline.  I have a Ukraine one and a DOGE one.  Who can talk DOGE?
     
    MS. LEAVITT:  Stephen, go ahead.
     
    Q    Well, so — so, Stephen, we’re hearing about these DOGE dividend checks that would be 20 percent back to taxpayers, 20 percent to pay down the debt.  Sixty percent is left.  Who gets that?
     
    MR. MILLER:  Well, the way that it works is when you achieve savings, you can either return it to taxpayers, you can return it to our debtors, or it can be cycled into next year’s budget, and then it just lowers the overall baseline for next year.  So, in other words, you can just transfer it into the next fiscal window and then lower the overall spending level.  And that means that you can achieve a permanent savings that way, and that reduces the deficit. 
     
    Q    And when is it that people might see those checks?
     
    MR. MILLER:  Well, this is all going to be worked on through the reconciliation process with Congress that’s going underway right now, as you’ve seen.  The Senate is moving a bill.  The House is moving a bill.  The president has great confidence in both chambers to deliver on his priorities. 
     
    I would just take this opportunity to note that President Trump has made a historic commitment to the working class of this country to fight for a major tax relief and major price relief.  And cutting spending, as DOGE is doing, and cutting taxes is the key to delivering on both of those promises.  And President Trump is resolutely committed to doing both. 
     
    Q    Thank you.  And on Ukraine.  I guess, this is for Mike.
     
    MR. WALTZ:  Sure. 
     
    Q    After the president’s post on Truth Social yesterday, need to know: Who does he think is more responsible for the Russian invasion of Ukraine, Putin or Zelenskyy?
     
    MR. WALTZ:  Well, look, his — his goal, Peter, is to bring this war to an end, period.  And there has been ongoing fighting on both sides.  It is World War I-style trench warfare. 
     
    His frustration with President Zelenskyy is — that you’ve heard — is multifold.  One, there needs to be a deep appreciation for what the American people, what the American taxpayer, what President Trump did in — in his first term, and what we’ve done since.  So, some of the rhetoric coming out of Kyiv, frankly, and — and insults to President Trump were unacceptable.  Number one. 
     
    Number two, our own secretary of Treasury personally made the trip to offer the Ukrainians what is — can only be described as a historic opportunity — that is for America to coinvest with Ukraine in their minerals, in their resources, to truly grow the pie. 
     
    So, case in point, there’s a foundry that processes aluminum in Ukraine.  It’s — it’s been damaged.  It’s not at its current capacity.  If that is restored, it would account for America’s entire imports of aluminum for an entire year — that one foundry.
     
    There are tremendous resources there.  Not only is that long-term security for Ukraine, not only do we help them grow the pie with investments, but, you know, we do have an obligation to the American taxpayer in helping them recoup the hundreds of billions that ha- — that have occurred. 
     
    So, you know, rather than enter — enter into some constructive conversations about what that deal should be going forward, we got a lot of rhetoric in the media that was — that was incredibly unfortunate. 
     
    And I could just tell you, Peter, you know, as a veteran, as somebody who’s been in combat, this war is horrific.  And I think we’ve lost sight of that, of the literally thousands of people that are dying a day, families that are going without the next generation. 
     
    And I find it kind of, you know, frankly, ridiculous.  So many people in Washington that were just demanding, pounding the table for a ceasefire in Gaza are suddenly aghast that the president would demand one and both sides come to the table when it talks to — when it comes to Ukraine, a war that has been arguably far greater in — in scope and scale and far more dangerous in terms of global escalation to U.S. security.
     
    Q    And I do have one for Karoline.
     
    MS. LEAVITT:  Sure.
     
    Q    Does President Trump have a bet with Trudeau about this USA-Canada hockey game tonight?  (Laughter.)  And when there is a big hockey game on, is the president watching for the goals or for the fights?
     
    MS. LEAVITT:  (Laughs.)  Probably both.  I think he’s watching for the United States to win tonight.  I know he talked to the USA hockey team this morning.  He talked to the players after their morning practice, around 10 o’clock.  And I also spoke to some folks from that team after.  They were jubilant over President Trump’s comments to the team.  I believe they’re going to put out a video of that call. 
     
    So, he looks forward to watching the game tonight, and we look forward to the United States beating our soon-to-be 51st state, Canada.  (Laughter.)
     
    Bloomberg, go ahead. 
     
    Q    My question is for Mike Waltz.  Can you give us a readout of Kellogg’s meeting with Zelenskyy that just wrapped up?  And, in particular, Zelenskyy publicly rejected this deal about the rare earth minerals.  Where — where does that stand?
     
    MR. WALTZ:  Well, we’re going to continue to have — he needs to come back to the table, and we’re going to continue to have discussions about where that deal is going. 
     
    Again, we have an obligation to the taxpayer.  I think this is an opportunity.  The president thinks this is an opportunity for Ukraine going forward.  There can be, in my view, nothing better for Ukraine’s future and for their security than — than to have the United States invested in their prosperity long-term.  And then a key piece of this has also been security guarantees. 
     
    Look, the — the reality that we’re talking about here is: Is it in Ukraine’s interest?  Is it in Europe’s interest?  It certainly isn’t in Russia’s interest or in the American people’s interest for this war to grind on forever and ever and ever. 
     
    So, a key part of his conversation was helping President Zelenskyy understand this war needs to come to an end.  This kind of open-ended mantra that we’ve had under the Biden administration, that’s over.  And I think a lot of people are having a hard time accepting that.
     
    And then the other piece is there’s been discussions from Prime Minister Starmer and also President Macron about European-led security guarantees.  We welcome that.  We’ve been asking Europe to step up and secure its own prosperity, safety, and security.  So, we certainly welcome that. 
     
    And we certainly welcome more European assistance.  As I told my counterparts, “Come to the table with more, if — if you want a bigger seat at the table.”  And we’ve been asking for that for quite some time. 
     
    Q    And has Russia pushed for sanctions in your talks with them?  And have you consulted with international partners and allies about potentially rolling back sanctions in these negotiations to end the war?
     
    MR. WALTZ:  Those — the talks with — with our Russian counterparts — both with my counterpart, the national security advisor; Secretary Rubio’s counterpart, the Foreign Minister, Foreign Minister Lavrov — you know, it — it really were — was quite broad, focused on what is the goals for our broader relationship, but very clear that the fighting has to stop to get to any of those brighter goals. 
     
    And as a first step, we’re just going to do some commonsense things, like restore the — the ability of both of our embassies to function. 
     
    And, again, you know, this is — this was common sense.  In — in foreign policy world, they call it “shuttle diplomacy.”  We have to talk to both sides in order to get to both sides to the table, and both sides have said only President Trump could do that. 
     
    MS. LEAVITT:  Diana.
     
    Q    Thank you.  And my question is for Mike Waltz.  (Laughter.)
     
    MR. WALTZ:  All right.
     
    Q    The president has called Zelenskyy a dictator.  Does he view Putin as a dictator? 
     
    And does he want Zelenskyy out of power?  I know he’s called for elections. 
     
    And then, thirdly, the head of the Defense Committee in Ukraine’s parliament just has claimed that the U.S. has stopped selling weapons to Ukraine.  Is that true?
     
    MR. WALTZ:  Well, most of our weapons that have gone to Ukraine have been part of a drawdown authority, where we’ve literally taken them out of our stocks and then, eventually, through appropriations, started buying them again to refill our stocks. 
     
    I’ll, you know, just state that there has been a lag in a lot of that process.  So, many of our stocks, as we look at our operations around the world, are becoming more depleted.  That’s one of the reasons many people have had a lot of concern about: When does this end?  How much is it going to take?  How many lives will be lost?  How much will we be — how much will we spend? 
     
    As a member of Congress, we repeatedly asked the Biden administration those questions, and we never got a satisfactory answer. 
     
    Look, President Trump is obviously very frustrated right now with President Zelenskyy — the fact that — that he hasn’t come to the table, that he hasn’t been willing to take this opportunity that we have offered.  I think he eventually will get to that point, and I hope so very quickly.
     
    But President Trump is — as we made clear to our Russian counterparts, and I want to make clear today — he’s focused on stopping the fighting and moving forward.  And we could argue all day long about what’s happened in the past. 
     
    MS. LEAVITT:  Reagan.
     
    Q    Thanks.  I have a question for Stephen —
     
    (Cross-talk.)
     
    Q    — and a question for Mike.
     
    MS. LEAVITT:  Excuse me, I just called on Reagan.  Reagan, go ahead. 
     
    Q    I have a question for Stephen and a question for Mike. 
     
    MS. LEAVITT:  Sure.
     
    Q    Stephen, I can start with you.  There have been reports —
     
    MR. MILLER:  Thank you.
     
    Q    — that Trump is unhappy with the rate of deportations and he wants them to be higher.  Is the president happy with the rate of deportations, and are there any plans to speed up the process?
     
    MR. MILLER:  Well, first of all, we all appreciate the encouragement from the media to deport as many illegal aliens as humanly possible.  So, thank you. 
     
    And I will promise you that the full might of the Department of Homeland Security, the Department of Justice, the Department of Defense, and every element and instrument of national power will be used to remove, with speed, all criminal illegals from the soil of the United States of America, to enforce final removal orders, and to ensure that this country is for American citizens and those who legally belong in this country.
     
    We inherited an ICE that was completely shuttered.  We inherited a Department of Homeland Security whose sole mission was to resettle illegal aliens within the United States of America. 
     
    In 30 days, the president sealed the border shut, declared the cartels to be terrorist organizations, has increased ICE deportations to levels not seen in decades, and we are shortly on the verge of achieving a pace and speed of deportations this country has never before seen. 
     
    Thank you. 
     
    Q    And Mike.
     
    MR. WALTZ:  Mm-hmm.
     
    Q    There have been reports that there’s some underground opposition to Trump’s pick for Undersecretary of Defense for Policy, Elbridge Colby.  Have you or anyone from the administration been personally lobbying senators to support Elbridge Colby? 
     
    MR. WALTZ:  Look, I’ve worked with Bridge Co- — Colby in the past.  He has the president’s full support to be the Undersecretary of policy, which will be a critical policy arm for Secretary Hegseth going forward that will implement a lot of these policies. 
     
    And — and really, that’s — that’s been the extent of it.  I think there’s been a lot of kind of, you know, breathless — I don’t know — back-and-forth in the — in the press, but we’re full speed ahead to get the president’s team in place so we can implement his America First policy. 
     
    MS. LEAVITT:  Thank you.  Mike has spoken pretty extensively.  Does anybody have questions for Stephen or for Mr. Hassett?
     
    Q    I do.
     
    MS. LEAVITT:  Nobody wants to talk about the economy?  (Laughter.)
     
    (Cross-talk.)
     
    MS. LEAVITT:  Sure. 
     
    Q    IRS.
     
    MS. LEAVITT:  IRS.  Okay.  Go ahead.
     
    Q    And this would be for either one of you.  So, we have reported, several other outlets have reported that about 3,500 people are due to be — lose their jobs at the IRS by the end of the week.  If the goal of these spending cuts across the federal government has been to reduce the debt, why impose some of the deepest cuts we’ve seen so far at the agency responsible for raising revenue for the federal government?
     
    MR. HASSETT:  Well, I think our objective is to make sure that the employees that we pay are being productive and effective.  And there are many, many — more than 100,000 people working to collect taxes, and not all of them are fully occupied.  And the Treasury secretary is studying the matter and feels like 3,500 is a small number and probably can get bigger, especially as we improve the IT at the IRS.
     
    And so — so, I think that it’s absolutely something that is on the table for good reasons.  And the point is that — don’t just talk about the IRS.  Talk about all of government, that there are so many places — I live in D.C.; you maybe live in D.C. — where you never — there — nobody — nobody is going into the buildings.  People aren’t commuting because nobody is doing their job.  We look back and we see that there are all these people doing two jobs while they’re getting a government payroll — on the payroll. 
     
    So, the point is, we’re fixing that, and the IRS is a small part of that picture. 
     
    Q    So, you’re saying that everybody who’s being let go was doing a bad job?
    MR. HASSETT:  I’m saying that we’re studying every agency and deciding who to let go and why, and we’re doing so very rationally with a lot of support from analysis. 
     
    Q    Because we’re being told by a lot of people who have been let go at other agencies that they were told they were being dismissed because of poor performance, when, in some cases, they haven’t even had a performance review yet because they’ve only been on the job a couple of months. 
     
    MR. HASSETT:  Yeah, I’ve never seen a person who was laid off for poor performance say that they were performing poorly.  (Laughter.)  Okay?
    Q    Karoline.
     
    MS. LEAVITT:  Good point.  Sure, Kaitlan.
     
    Q    I have a question.  I’ll start with you, Kevin Hassett.  Thank you for being here.  And then I’ve got a question for Mr. Waltz.
     
    On these potential checks that you might send out from DOGE, is there a concern, as you’re thinking through this, that they could be inflationary?
     
    MR. HASSETT:  Oh, absolutely not, because imagine if we don’t spend government money and we give it back to people, then the — you know, if they spend it all, then you’re even.  But they’re probably going to save a lot of it, in which case, you’re reducing inflation. 
     
    Q    Okay.  So, you’re not —
     
    MR. HASSETT:  And also, when the government spends a lot, that’s what creates inflation.  We learned that from Joe Biden.  And so, if we reduce government spending, then that’s — you know, reduces inflation.  And if you give people money, then they’re going to save a bunch of it.  And — and when they save it, then that also reduces demand and reduces inflation. 
     
    Q    Okay.  So, you’re not worried about it. 
     
    MR. HASSETT:  No, I’m not.
     
    Q    And, Mr. Waltz, to follow up on Peter’s question, you wrote in an op-ed in the fall of 2023 that, quote, “Putin is to blame, certainly, like al Qaeda was to blame for 9/11.”
     
    MR. WALTZ:  Mm-hmm.
     
    Q    Do you still feel that way now, or do you share the president’s assessment, as he says Ukraine is to blame for the start of this war?
     
    MR. WALTZ:  Well, it shouldn’t surprise you that I share the president’s assessment on all kinds of issues.  What I wrote as a Member of Congress is — was as a former Member of Congress. 
     
    Look, what I share the president’s assessment on is that the war has to end.  And what comes with that?  What comes with that should be, at some point, elections.  What comes with that should be peace.  What comes with that is prosperity that we’ve just offered in this natural resources and economic partnership arrangement: an end to the killing and European security and security for the world.  The President is not only determined to do that in Europe, he’s determined to do it in the Middle East. 
     
    And just a few months ago, we had an administration that had tried for 15 months, week after week, sitting with you here, and couldn’t get us to a ceasefire, couldn’t get our hostages out.  Now we’re at that point.  We’re back to the maximum pressure on Iran.
     
    And we will — we have just begun, and we will drive towards a ceasefire and all of those other steps.  I’m not going to pre-negotiate or get ahead of the sequencing of all of that.  It’s a very delicate situation. 
     
    But this is a president of peace.  And who here would argue against peace?
     
    Q    Okay.  So, you do share that assessment. 
     
    And can I follow up.  In 2017 —
     
    MS. LEAVITT:  No.  Go ahead, Jordan.
     
    Q    — then-President Trump —
     
    MS. LEAVITT:  Go ahead, Jordan. 
     
    Q    Can I just follow up really quickly?
     
    Q    Thank you.  So —
     
    MS. LEAVITT:  You just had two questions, Kaitlan.
     
    Q    May I — can I just —
     
    MS. LEAVITT:  Jordan, go ahead. 
     
    Q    Mr. — Mr. Hassett —
     
    MS. LEAVITT:  Thank you.
     
    Q    I have an important follow-up for Mike Waltz.
     
    MS. LEAVITT:  Jordan, go ahead.  Go ahead.
     
    Q    So, Mr. Hassett, you were speaking about tariff revenue, and you also addressed a question about the R- — IRS.  President Trump has spoken about replacing income tax with tariff revenue, especially with all this waste, fraud, and abuse that we’re seeing cut.  Is that a possibility?
     
    MR. HASSETT:  Absolutely.  And, in fact, if you think about the China tariff revenue that we’re estimating is coming in from the 10 percent that we just added, plus the de minimis thing, that it’s between $500 billion and a trillion dollars over 10 years, is our estimate.  And that’s something that is outside of the reductions that markets are seeing through the negotiations up on the Hill.
     
    And so, we expect that the tariff revenue is actually going to make it much easier for Republicans to pass a bill, and that was the President’s plan all along. 
     
    Thank you.
     
    Q    And I — I have a question for Stephen Miller about DOGE.  So, you — you spoke about DOGE.  You said roughly $50 billion is set to be cut in a year of waste, fraud, and abuse by unelected bureaucrats.  We’re hearing this ironic narrative from the President’s critics and the left-wing media that Elon Musk is an unelected bureaucrat, and he’s doing all this terrible stuff.  Isn’t one of DOGE’s objectives to get — get rid of the federal bureaucracy, the — the deep state?  And also, who was running the White House when Joe Biden was in office —
     
    MR. MILLER:  (Laughs.)
     
    Q    — because I don’t know a single person who believes it was Joe Biden? 
     
    MR. MILLER:  Yes.  You’re — you’re tempting me to say — (laughs) — some very harsh things about some of our media friends.  The — yes, it is true that many of the people in this room, for four years, failed to cover the fact that Joe Biden was mentally incompetent and was not running the country. 
     
    It is also true that many people in this room who have used this talking point that Elon is not elected fail to understand how government works.  So, I’m glad for the opportunity for a brief civics lesson. 
     
    A president is elected by the whole American people.  He’s the only official in the entire government that is elected by the entire nation.  Right?  Judges are appointed.  Members of Congress are elected at the district or state level.  Just one man. 
     
    And the Constitution, Article Two, has a clause, known as the vesting clause, and it says, “The executive power shall be vested in a president,” singular.  The whole will of democracy is imbued into the elected president.  That president then appoints staff to then impose that democratic will onto the government. 
     
    The threat to democracy — indeed, the existential threat to democracy — is the unelected bureaucracy of lifetime, tenured civil servants who believe they answer to no one, who believe they can do whatever they want without consequence, who believe they can set their own agenda no matter what Americans vote for. 
     
    So, Americans vote for radical FBI reform, and FBI agents say they don’t want to change.  Or Americans vote for radical reform in our energy policies, but EPA bureaucrats say they don’t want to change.  Or Americans vote to end DEI — racist DEI policies, and lawyers in the Department of Justice say they don’t want to change. 
     
    What President Trump is doing is he is removing federal bureaucrats who are defying democracy by failing to implement his lawful orders, which are the will of the whole American people. 
     
    Thank you. 
     
    Q    Thanks, Stephen.  Can I follow up?
     
    Q    Karoline.
     
    MS. LEAVITT:  Thank you very much, everybody.  I’m looking at the clock.  We’ve almost had an hour of time. 
     
    (Cross-talk.)

    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

    MIL OSI USA News

  • MIL-OSI USA: Grassley, Klobuchar Seek to Increase Access to Affordable Prescription Drugs

    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-

    MIL OSI USA News

  • MIL-OSI USA: Wyden Blasts Musk and Trump for Hurting Tribal Communities by Cutting Health Staff

    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.

    MIL OSI USA News

  • MIL-OSI: Hundreds of Customers LLC Launches Habanero Social Platform, Revolutionizing AI-Powered Google Business Profile Management

    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:

    • Automated Google Business Profile Optimization: Samwise, the platform’s AI assistant, updates and optimizes business descriptions, services, and attributes for better search engine visibility and local rankings.
    • AI-Driven Reputation Management: Automate review requests, responses, and reputation monitoring to maintain a strong, professional online presence.
    • Content Automation: Schedule and automate posts, images, and videos to keep your Google Business Profile fresh and engaging, without manual effort.
    • Enhanced Local SEO: Samwise ensures your Google Business Profile is optimized for local search terms, geotagging images and videos for maximum visibility.
    • Seamless Integration: Integrate with platforms like Zapier and CompanyCam to automate review requests, image management, and more.

    “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

    The MIL Network

  • MIL-OSI USA: Senators Marshall, Cornyn, and GOP Colleagues Urge ATF to Rescind Biden’s Unconstitutional 2A Rules and Align with Trump Agenda

    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.

    MIL OSI USA News

  • MIL-OSI Security: Indian National Sentenced to 8 Years in Federal Prison for Defrauding Elderly Victims of Nearly $6 Million

    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.

    ###

    MIL Security OSI

  • MIL-OSI: Logansport Financial Corp. Announces First Quarter Dividend

    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

    The MIL Network

  • MIL-OSI: Wintrust Financial Corporation to Present at Raymond James 46th Annual Institutional Investors Conference

    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

    The MIL Network

  • MIL-OSI USA: Governor Lamont Heads Delegation of Connecticut Officials and Business Leaders on Economic Mission in India

    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.

     

    MIL OSI USA News

  • MIL-OSI USA: Hawai‘i Congressional Delegation Leads Resolution Celebrating Mahina ‘Ōlelo Hawai‘i

    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.

    MIL OSI USA News

  • MIL-OSI USA: Summary of the Joint NASA LCLUC–SARI Synthesis Meeting

    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

    MIL OSI USA News

  • MIL-OSI: Federal Home Loan Bank of Indianapolis Announces Fourth Quarter 2024 Dividends, Reports Earnings

    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.

    __________________

    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.

    The MIL Network

  • MIL-OSI USA: Attorney General Bonta: FDA Should Take Quick and Decisive Action Against Makers of Counterfeit Weight Loss Drugs

    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: 

    • The FDA must work with federal partners like the Department of Homeland Security to intercept counterfeit GLP-1 drugs before they reach unsuspecting consumers. Counterfeit GLP-1 drugs from abroad — which can contain contaminants, other unknown drugs, or dangerously high amounts of active ingredients — have infiltrated the U.S. supply chain. Most consumers are not equipped to determine if their medication is legitimate or fake.
    • The FDA must continue to send warning letters to online retailers that are illegally selling the active ingredients of GLP-1 drugs directly to consumers without a prescription. If companies continue to act unlawfully, the FDA should follow up with enforcement action. While claiming that the active ingredients are “for research purposes only” or “not for human consumption,” these companies advertise directly to consumers on social media, claiming that their products are an easier and more affordable way to obtain GLP-1 drugs. When sellers supply only active ingredients, consumers are often forced to formulate the medication themselves, which creates a host of risks.
    • The FDA should also ramp up enforcement against any compounding pharmacies that may be illegally participating in this market. With certain GLP-1 active ingredients added to the FDA’s drug shortage list, compounding pharmacies have been allowed to produce GLP-1 medications and some of those pharmacies have cut corners in pursuit of a quick profit. The FDA must work in partnership with state pharmacy boards to ensure compounded GLP-1 drugs are produced in a safe, sanitary way.

    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. 

    MIL OSI USA News

  • MIL-OSI Asia-Pac: National Workshop on Fast-Tracking and Reporting of Progress on Sustainable Development Goals (SDGs) under the State Support Mission (SSM) held in Bhubaneswar, Odisha

    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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  • MIL-OSI Asia-Pac: International Asperger’s Day: Nationwide Awareness and Engagement Initiatives by the National Institutes for Empowerment of Persons with Disabilities

    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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  • MIL-OSI Asia-Pac: “India’s commitment to Global Maritime Sustainability in sync with PM Narendra Modi’s vision of Viksit Bharat”: Sarbananda Sonowal

    Source: Government of India

    “India’s commitment to Global Maritime Sustainability in sync with PM Narendra Modi’s vision of Viksit Bharat”: Sarbananda Sonowal

    Union Minister Sarbananda Sonowal inaugurates the Green Shipping Conclave, 2025

    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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  • MIL-OSI Asia-Pac: Regional meeting on Power Sector with States/ UTs of Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Ladakh, Madhya Pradesh, Punjab, Rajasthan, Uttar Pradesh & Uttarakhand

    Source: Government of India

    Regional meeting on Power Sector with States/ UTs of Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Ladakh, Madhya Pradesh, Punjab, Rajasthan, Uttar Pradesh & Uttarakhand

    In first-of-its-kind interaction, Centre and States assembled under one roof with a single purpose of finding solutions to strengthen the power sector on the side lines of Chintan Shivir held for Northern Region States

    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 –

    Uttarakhand Power Corporation Limited (UPCL), Assam Power Distribution Company Limited (APDCL) and Arunachal Pradesh Power Department were the top performers. Under the category of Urban DISCOMs, Adani Electricity Mumbai Limited (AEML), Tata Power Delhi Distribution Limited (TPDDL) and NOIDA Power Company Limited (NPCL) were the best performing DISCOMs.

    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:

    • Key challenges and strategy to be taken towards a financially viable power sector was highlighted during the presentation.
    • The meeting saw an enthusiastic participation from States who provided their views on addressing the requirements for improving financial viability of Distribution Utilities.
    • Inputs received from the States included privatization based model for distribution utilities, lowering of interest rates by lending agencies, rationalization of tariff structure, listing of utilities and Renewable Energy purchase obligations along with support for Battery energy storage systems (BESS) and Pumped Storage Projects (PSP). 
    • A significant portion of the discussions revolved around the Revamped Distribution Sector Scheme (RDSS), emphasizing fast-tracking smart metering projects, utilizing smart metering data analytics, demand response mechanisms, and ensuring cybersecurity.

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  • MIL-OSI Asia-Pac: Centre revises Wheat Stock Limit until 31st March, 2025

    Source: Government of India

    Centre revises Wheat Stock Limit until 31st March, 2025

    1132 LMT wheat procurement during Rabi 2024; ample availability in the country

    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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  • MIL-OSI Asia-Pac: Indian Railways gears up to handle a surge in Passenger Traffic during the final week of MahaKumbh Mela

    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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  • MIL-OSI Asia-Pac: Union Minister of State Shri George Kurian participates in the National Fisheries Digital Platform Registration Outreach Program in Madhya Pradesh

    Source: Government of India (2)

    Union Minister of State Shri George Kurian participates in the  National Fisheries Digital Platform Registration Outreach Program in Madhya Pradesh

    Nationwide Intiative aimed at Digital Empowerment of Fishermen; to provide benefits of Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana to Stakeholders

    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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  • MIL-OSI Asia-Pac: STEEL CUTTING OF THIRD FLEET SUPPORT SHIP FOR INDIAN NAVY

    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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