Category: India

  • MIL-OSI Asia-Pac: Import of poultry eggs from Raigarh District of Chhattisgarh State in India suspended

    Source: Hong Kong Government special administrative region

    Import of poultry eggs from Raigarh District of Chhattisgarh State in India suspended
    Import of poultry eggs from Raigarh District of Chhattisgarh State in India suspended
    *************************************************************************************

         The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today (February 14) that in view of a notification from the World Organisation for Animal Health (WOAH) about an outbreak of highly pathogenic H5N1 avian influenza in the Raigarh District of Chhattisgarh State in India, the CFS has instructed the trade to suspend the import of poultry eggs from the area with immediate effect to protect public health in Hong Kong.     A CFS spokesman said that Hong Kong has currently established a protocol with India for the import of poultry eggs but not for poultry meat. According to the Census and Statistics Department, no eggs were imported into Hong Kong from India last year.     ​”The CFS has contacted the Indian authority over the issue and will closely monitor information issued by the WOAH and the relevant authorities on the avian influenza outbreak. Appropriate action will be taken in response to the development of the situation,” the spokesman said. 

     
    Ends/Friday, February 14, 2025Issued at HKT 18:35

    NNNN

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  • MIL-OSI Asia-Pac: India Post Payments Bank Empowers Devotees at Mahakumbh 2025 with Seamless Banking Services

    Source: Government of India (2)

    India Post Payments Bank Empowers Devotees at Mahakumbh 2025 with Seamless Banking Services

    IPPB playing a pivotal role in providing digital banking services to all pilgrims at Mahakumbh 2025

    IPPB has established service counters, mobile banking units, and customer assistance kiosks at 5 key locations throughout Mahakumbh

    Posted On: 14 FEB 2025 4:04PM by PIB Delhi

    India Post Payments Bank (IPPB), a Government of India undertaking, is proud of its pivotal role in providing seamless digital banking services to millions of devotees and pilgrims at Mahakumbh 2025, Prayagraj. As the world’s largest spiritual gathering, Mahakumbh attracts people from all walks of life. IPPB, with its customer-centric approach, is enabling access to comprehensive banking services for all, ensuring convenience, safety and security of financial transactions. IPPB has established service counters, mobile banking units, and customer assistance kiosks at 5 key locations throughout Mahakumbh. These facilities are designed to handle high footfalls efficiently.

    On IPPB’s ongoing initiative at the Mahakumbh, Mr. R. Viswesvaran, MD & CEO-IPPB, said “We at India Post Payments Bank are honoured to provide our seamless banking services on the sacred grounds of Mahakumbh 2025, Prayagraj. It fills me with great joy to witness the immaculate integration of banking services with one of the world’s largest and most revered spiritual gatherings. We take immense pride in our role as a catalyst for digital transformation, empowering the  devotees at Prayagraj with our effortless banking services. This initiative is a testament to our commitment to serving all, ensuring that financial accessibility is no longer only for a select few but available to all during this transformative spiritual journey.”

    Additionally, IPPB’s trusted Daak Sevaks are providing doorstep banking services. They are ensuring that devotees can access essential financial support like Cash Withdrawal from any of their Aadhaar linked Bank Account through IPPB’s Aadhaar ATM (AePS) service without disruption by reaching at their precise location. The devotees can utilise the ‘Banking at Call’ facility by IPPB to procure desired line of services wherever they are within the Mahakumbh grounds. They can simply dial 7458025511 to access multitude of banking requirements at their disposal.

    In line with the Government of India’s Digital India vision, IPPB is also empowering local vendors, small businesses, and service providers at Mahakumbh by enabling them to accept digital payments through its DakPay QR Cards. This initiative fosters a cashless ecosystem, reducing dependency on cash and enhancing overall efficiency in transactions.

    Further, to ensure maximum outreach, IPPB has launched awareness campaigns at Mahakumbh to educate pilgrims and vendors about its services. Trained professionals and Daak Sevaks are stationed at key locations to assist with account openings, transactions, and resolving queries. Information hoardings and digital demonstrations are also being utilised to familiarize attendees with IPPB’s offerings. It is also offering free printed photograph to every visitor as a memorabilia to be carried back to their homes.

    About India Post Payments Bank

    India Post Payments Bank (IPPB) has been established under the Department of Posts, Ministry of Communication with 100% equity owned by Government of India. IPPB was launched on September 1, 2018. The bank has been set up with the vision to build the most accessible, affordable and trusted bank for the common man in India. The fundamental mandate of India Post Payments Bank is to remove barriers for the unbanked & underbanked and reach the last mile leveraging the Postal network comprising ~1,65,000 Post Offices (~140,000 in rural areas) and ~3,00,000 Postal employees.

    IPPB’s reach and its operating model is built on the key pillars of India Stack – enabling Paperless, Cashless and Presence-less banking in a simple and secure manner at the customers’ doorstep, through a CBS-integrated smartphone and biometric device. Leveraging frugal innovation and with a high focus on ease of banking for the masses, IPPB delivers simple and affordable banking solutions through intuitive interfaces available in 13 languages to 11 Crore customers across 5.57 lakh villages & towns in India.

    IPPB is committed to provide a fillip to a less cash economy and contribute to the vision of Digital India. India will prosper when every citizen will have equal opportunity to become financially secure and empowered. Our motto stands true – Every customer is important, every transaction is significant and every deposit is valuable.

    Reach us at:

    www.ippbonline.com marketing@ippbonline.in

    Social Media Handles:

    Twitter – https://twitter.com/IPPBOnline

    Instagram – https://www.instagram.com/ippbonline

    LinkedIn – https://www.linkedin.com/company/indiapostpaymentsbank

    Facebook – https://www.facebook.com/ippbonline

    Koo – https://www.kooapp.com/profile/ippbonline

    YouTube- https://www.youtube.com/@IndiaPostPaymentsBank

    ***

    Samrat/ Dheeraj/ Allen : pibcomm[at]gmail[dot]com

    (Release ID: 2103221) Visitor Counter : 29

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  • MIL-OSI Asia-Pac: Union Minister of Textiles Shri Giriraj Singh visits Bharat Tex 2025 at Bharat Mandapam

    Source: Government of India (2)

    Union Minister of Textiles Shri Giriraj Singh visits Bharat Tex 2025 at Bharat Mandapam

    Bharat Tex 2025 Theme: Resilient global value chains and textile sustainability.

    Bharat Tex 2025 features a comprehensive showcase of India’s textile ecosystem, covering everything from raw materials and fibers to finished products, technical textiles, home furnishings, and high-end fashion.

    Bharat Tex 2025 has attracted participation from global textile giants, brands, and industry bodies

    Posted On: 14 FEB 2025 4:04PM by PIB Delhi

    The Union Minister of Textiles, Shri Giriraj Singh, visited Bharat Tex 2025 on its opening day today at Bharat Mandapam, New Delhi. Organized by the consortium of 12 Textile Export Promotion Councils and supported by the Ministry of Textiles, this main event is being held from February 14-17, 2025 at the Bharat Mandapam, New Delhi, and will cover the entire value chain of textiles, from raw materials and fibers to finished products, technical textiles, home furnishings, and high-end fashion. Related exhibitions such as accessories, garment machinery, dyes and chemicals and handicrafts, are being held from February 12 to 15 at the India Expo Centre and Mart Greater Noida.

    Bharat Tex 2025 is one of the world’s largest textile expos, bringing together policymakers, industry leaders, global brands, and stakeholders from across the textile value chain under one roof. With over 5,000 exhibitors and participation from more than 120 countries, Bharat Tex 2025 has drawn significant global interest, reflecting India’s growing influence in textile trade.

    This year’s event is built around the twin themes of resilient global value chains and textile sustainability. This mega textile event offers a range of activities, covering a global sized trade fair and expo, a global scale textiles conference, seminars, CEO roundtables, and B2B and G2G meetings. It will also feature strategic investment discussions, product launches, and collaborations poised to reshape the global textile industry. Dedicated buyer-seller meets, policy roundtables and networking sessions will enhance international business collaborations, reinforcing India’s position as a preferred global sourcing destination.

    With participation from leading textile manufacturers, global retail giants, and industry associations, Bharat Tex 2025 is set to facilitate high-value trade discussions and partnerships. The event will host over 70 conference sessions, featuring top international speakers, industry veterans, and policymakers discussing key topics such as global trade shifts, technical textiles, AI-driven manufacturing, and the future of sustainable fashion.

    Fusion of India’s historical textile expertise with contemporary trends will be a highlight of the event. Fashion shows, trend forecasts, and product launches will provide a glimpse into the future of textiles, while traditional displays and cultural performances will celebrate the enduring legacy of Indian craftsmanship. This year’s event also enforces India’s 5F vision – Farm to Fibre, Fabric, Fashion, and Foreign Markets, positioning the country as a reliable and sustainable sourcing destination for global textile companies.

    Bharat Tex 2025 promises to be a celebration of the textile industry’s past, present, and future. It aims to be a key influencer in shaping global textile trends, driving innovation, and promoting sustainability. As the industry looks towards more integrated and sustainable practices, Bharat Tex 2025 will undoubtedly play a pivotal role in this transformative journey.

    ***

    Dhanya Sanal K

    (Release ID: 2103223) Visitor Counter : 19

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  • MIL-OSI Asia-Pac: WAVES Explorer Challenge

    Source: Government of India

    Posted On: 14 FEB 2025 3:37PM by PIB Delhi

    Bringing India’s Vibrant Narratives to the Global Stage

     

    Introduction

    The WAVES Explorer Challenge is an exciting opportunity for creators and storytellers to showcase their vision of India through YouTube Shorts. Organised by the Internet and Mobile Association of India in collaboration with the Ministry of Information and Broadcasting, this initiative invites participants to capture the country’s vibrant streets, cultural heritage, scenic landscapes, and hidden gems. Centered around the theme “For the record, this is my India,” the challenge encourages creators to share unique perspectives that contribute to a larger narrative highlighting India’s diversity, authenticity, and creative spirit.

    This challenge is part of the Create in India Challenges, a flagship initiative under the World Audio Visual & Entertainment Summit (WAVES), which will be held from 1st to 4th May 2025 at Jio World Convention Centre & Jio World Gardens, Mumbai. Bringing together industry leaders, creators, and innovators, WAVES will foster discussions on emerging trends, opportunities, and challenges while serving as a global platform to promote India’s creative potential.

    At the heart of WAVES, the Create in India Challenges have garnered overwhelming participation, with over 70,000 registrations from across the world. Designed to inspire creativity and innovation, these challenges empower storytellers to push boundaries and redefine content creation. Of the 31 challenges launched so far, 22 have attracted global participation. As a flagship initiative of the Ministry of Information and Broadcasting, the challenges are strengthening India’s position as a dynamic hub for media and entertainment.

    Rules and Guidelines

    Awards & Recognition

    1. Winners will receive an invitation to a YouTube-hosted event scheduled for 2025.
    1. An exclusive, all-expenses-paid trip to attend the WAVES 2025 event.
    1. Winning entries will be showcased in the WAVES Hall of Fame at the event.

    Submit your entry through the submission form here.

    References:

    1. https://wavesindia.org/challenges-2025
    2. https://eventsites.iamai.in/Waves/explorer/

    Click here to download PDF

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    Santosh Kumar/ Sarla Meena/ Saurabh Kalia

    (Release ID: 2103213) Visitor Counter : 69

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  • MIL-OSI Asia-Pac: At the Conclusion of India Energy Week 2025, India Cements Position as Global Energy Leader

    Source: Government of India

    At the Conclusion of India Energy Week 2025, India Cements Position as Global Energy Leader

    “World’s second-largest energy conclave saw announcement of largest-ever exploration bid round, charted path for green energy transition while strengthening international partnerships”

    Posted On: 14 FEB 2025 2:42PM by PIB Delhi

    Shri Hardeep Singh Puri, Minister of Petroleum and Natural Gas, highlighted the measurable success of India Energy Week 2025 through its unprecedented participant and exhibitor numbers and technical paper submissions. The Minister noted that the event had exceeded expectations by encompassing a comprehensive range of sectors including petroleum, natural gas, green energy, biofuel, and CBG, showcasing remarkably innovative developments.

    Shri Puri emphasized that within the short span of three years, India Energy Week has established itself as the world’s second-largest energy platform, with its fourth edition scheduled to take place in Goa.

    The Minister emphasized that IEW 2025 distinguished itself from other global energy forums by facilitating actual business transactions rather than merely serving as a networking platform. Shri Hardeep Singh Puri specifically highlighted practical innovations such as the cost-effective conversion kit demonstrated at the HPCL stall, designed for enabling biofuel usage in two and three-wheelers. Additionally, the Minister also expressed satisfaction at the convergence of investors, manufacturers, and consumers, particularly evident in the display of flex fuel vehicles.

    Speaking on India-US energy cooperation, the Minister noted the substantial progress in bilateral relations, particularly in the natural gas sector. The Minister highlighted India’s stated goal of increasing natural gas consumption to 15% in its energy mix from about 6% currently, emphasizing the strategic importance of the relationship with the United States for Liquified Natural Gas (LNG) supplies.

    Addressing reforms in the Exploration and Production (E&P) sector, Shri Puri detailed the scale of Open Acreage Licensing Program (OALP) Round X covering about 200,000 square kilometers. The Minister explained that enhanced interest in this round has been driven by systematic reforms in the regulatory regime, transitioning from production to revenue sharing mechanisms, along with the proposed amendments to Oilfields (Regulation and Development) Act 1948.

    Additionally, Shri Puri announced that the new legislative framework, developed through extensive consultations, is set to be presented in the Lok Sabha. He particularly noted the collaboration of ONGC with BP, and Reliance in bidding for blocks in earlier rounds as a strong message of industry partnership.

    Outlining the Ministry’s priorities, the Minister emphasized focus on E&P, stressing the importance of expert collaboration and the proposed changes to regulatory framework that allows appropriate compensation for resource discovery to the stakeholders in the sector.

    The Minister highlighted the significance of the amendments, passed by the Rajya Sabha, in ensuring policy predictability, particularly regarding windfall tax implementation. He emphasized the removal of discretionary elements in policy implementation as a move toward more transparent governance in the energy sector.

    Discussing the global energy scenario, the Minister observed that the new US administration’s push for increased oil supply has created favorable conditions in global markets. He noted the emergence of new oil sources from the Western Hemisphere, including Brazil, Argentina, Suriname, Canada, US, and Guyana, as beneficial for major consuming nations like India. Shri Puri expressed complete confidence in India’s international investments in the Oil & Gas assets across Brazil, Venezuela, Russia, and Mozambique.

    Shri Hardeep Singh Puri described the biofuel program as a remarkable story, citing current capacity of 1,700 crore liters for ethanol blending, while discussing potential beyond the 20% blending target. Moreover, Shri Puri expressed particular excitement about green hydrogen, confirming confident progression toward the 5MMT annual production target for 2030, while also highlighting sustainable aviation fuel development.

    Secretary, Ministry of Petroleum and Natural Gas, Shri Pankaj Jain, detailed the business conducted during IEW 2025 across various domains. He categorized the agreements into distinct areas: supply arrangements for crude, LNG, and LPG across geographies; technology partnerships for digital refinery solutions; and exploration services.

    Shri Pankaj Jain also highlighted the unprecedented scale of OALP Round X, emphasizing the need for global expertise to exploit hydrocarbon resources in the country. Shri Jain also discussed the potential use of the Oil Industry Development Fund, established under the Oil Industry Development Act, for innovative financing needs in deep-water exploration projects.

    Felicitation to Startup Competition and Hackathon Winners:

    The prestigious Avinya’25 – Energy Startup Challenge awards, the flagship initiative of the Ministry of Petroleum and Natural Gas, were presented by Shri Hardeep Singh Puri and Shri Pankaj Jai. Avinya’25 recognized startups with pioneering solutions addressing key energy challenges.

    UrjanovaC Pvt Ltd emerged as the winner for its synthetic catalyst technology that enables scalable and cost-competitive CO₂ capture and conversion. The first runner-up, Breathe ESG Private Limited, developed a SaaS platform that automates ESG reporting, decarbonization strategies, and compliance.

    AgriVijay, the second runner-up, introduced India’s first curated marketplace for renewable energy solutions for farmers and rural households. Apeiro Energy, securing the third runner-up position, designed hybrid microgrids by integrating small wind turbines with solar panels. UGreen Technology, the fourth runner-up, developed a molecular-engineering approach that enhances CO₂ reactivity for efficient carbon capture.

    Additionally, the Ministry introduced Vasudha – Oil and Gas Startup Challenge, an exclusive competition for overseas startups revolutionizing the upstream oil and gas sector. Out of 17 entries from 13 countries, two visionary startups were recognized.

    Latin Energy Partners Inc., Paraguay, won the challenge, while Ultrasound Process Consultation LLC, USA, was named the runner-up. Their innovations in oil and gas exploration, AI-driven production management, ESG compliance, CCUS technologies, and geothermal exploration were highly commended.

    Promoting research and technological innovation, a Hackathon was organized among seven premier IITs, including IIT Delhi, Mumbai, Madras, Guwahati, Roorkee, Kharagpur, and ISM Dhanbad. The competition aimed to drive forward-thinking solutions in CCUS and renewable energy. IIT (ISM) Dhanbad secured the winner’s title, while IIT Guwahati emerged as the runner-up.

    About India Energy Week 2025

    India Energy Week was envisioned as more than just another industry conference—it was designed to be a dynamic platform redefining global energy dialogues. In just two years, this self-funded initiative has achieved precisely that, becoming the world’s second-largest energy event. The third edition, scheduled from February 11-14, 2025, at Yashobhoomi, New Delhi, represents a significant milestone in shaping the global energy narrative.

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    MONIKA

    (Release ID: 2103188) Visitor Counter : 66

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  • MIL-OSI Asia-Pac: Union Minister Dr. Virendra Kumar distributes PPE Kits and Ayushman Cards to Sewer and Septic Tank Workers under NAMASTE Scheme, at Jammu

    Source: Government of India (2)

    Posted On: 14 FEB 2025 2:21PM by PIB Delhi

    Union Minister for Social Justice and Empowerment (SJ&E), Dr. Virender Kumar, visited Jammu in connection with implementation of schemes of the Ministry, in the Union Territory. On the occasion, the Minister distributed Personal Protective Equipment (PPE) kits and Ayushman health cards to Sewer and Septic Tank Workers (SSWs) (Safai Mitras), under the flagship scheme of National Action for Mechanized Sanitation Ecosystem (NAMASTE).

    The Government has formulated the NAMASTE scheme with an objective to provide dignity to Safai Karamcharis and to empower them socially and economically. The scheme is to ensure safety and dignity of sanitation workers in urban India and enhancing their occupational safety through capacity building and improved access to PPE Kits, safety devices and machines.

    PPE kits consist of various protective garments and accessories designed to shield individuals from potential health hazards or infections. These kits typically include items such as masks, gloves, goggles, face shields, gowns, and shoe covers. They are crucial for ensuring the safety of frontline workers, especially those who are exposed to hazardous environments or infectious diseases, such as sewer and septic tank workers.

    The Ayushman health card is a form of identification issued under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), a government-sponsored health insurance scheme in India. It provides beneficiaries with access to cashless and paperless healthcare services at empaneled hospitals. The card contains essential information about the beneficiary, including their unique identification number and details of covered healthcare services.

    During the visit, the Minister also visited the Outreach and Drop In Centre (ODIC), run by the NGO, ‘JK Society for the Promotion of Youth and Masses’ at Jammu, under Scheme of National Action Plan for Drug Demand Reduction (NAPDDR).

    The event witnessed the reaffirmation of the government’s commitment to ‘Vanchiton Ko Variyata’, ensuring that those who have been historically underserved or overlooked are given the attention and support they deserve. This dedication to prioritizing the marginalized reflects the government’s broader vision of ‘Viksit Bharat’, where every individual has the opportunity to contribute to and benefit from India’s development journey. Through collaborative efforts and concerted initiatives, the Ministry of Social Justice and Empowerment remains steadfast in its mission to leave no one behind and build a more equitable and empowered society.

    The occasion was also attended by Ms. Sakina Masood (Itoo), Minister for Education, Health & Medical Education and Social Welfare Department, Jammu & Kashmir; Shri Shyam Lal Sharma, MLA (Jammu North); Shri Yudvir Sethi, MLA (Jammu East); Shri Arvind Gupta, MLA (Jammu West); Shri Prabhat Kumar Singh, Managing Director, National Safai Karamcharis Finance & Development Corporation (NSKFDC), Shri Devansh Yadav, Commissioner (Jammu Municipal Corporation).

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    VM

    (Release ID: 2103177) Visitor Counter : 13

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  • MIL-OSI Asia-Pac: Minister of State Smt. Savitri Thakur meets Jamaican team led by Ms. Dione Jennings, Permanent Secretary of the Ministry of Labour and Social Security at New York

    Source: Government of India (2)

    Minister of State Smt. Savitri Thakur meets Jamaican team led by Ms. Dione Jennings, Permanent Secretary of the Ministry of Labour and Social Security at New York

    Key focus areas of discussions included various digital interventions strengthening social protection

    India delegation also has discussions with Zambia on use of Poshan tracker

    Smt. Thakur joins celebration of Word Hindi Day held in the premises of the Permanent Mission of India

    Posted On: 14 FEB 2025 12:15PM by PIB Delhi

    A high-level bilateral discussion took place at New York after the 63rd session of the Commission for Social Development meeting between the Indian delegation headed by Minister of State for Women and Child Development Smt. Savitri Thakur and the Jamaican team, led by Ms. Dione Jennings, Permanent Secretary of the Ministry of Labour and Social Security. The meeting sought to explore collaboration in digitization and the use of technology to enhance social protection systems.

          

    During the discussions, key focus areas included various digital interventions being carried out by India in financial inclusion, DBT , old age pension, etc and the role of technology, which can play an instrumental role in development. The focus of the discussion was Poshan Tracker—India’s pioneering digital tool for monitoring and improving nutritional outcomes and ways in which similar technological innovations could support Jamaica’s social security framework. Both sides emphasized the importance of leveraging digital solutions to ensure efficient, transparent, and impactful service delivery in social welfare programs.

    India delegation also had discussions with Zambia on the use of Poshan tracker in monitoring social and nutritional outcomes across Anganwadi Centres in India 

       

    The meeting was then followed by Celebration of Word Hindi day held in the premises of the Permanent Mission of India (PMI) in New York, in the esteemed presence of the Ambassador of India Shri Parvathaneni Harish and other senior officers of the mission. The occasion underscored India’s commitment to cultural and linguistic exchange on the global stage.

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    SS/MS

    (Release ID: 2103135) Visitor Counter : 34

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  • MIL-OSI Asia-Pac: Index Numbers of Wholesale Price in India for the Month of January, 2025 (Base Year: 2011-12)

    Source: Government of India (2)

    Posted On: 14 FEB 2025 12:00PM by PIB Delhi

    The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 2.31% (provisional) for the month of January, 2025 (over January, 2024). Positive rate of inflation in January, 2025 is primarily due to increase in prices of manufacture of food products, food articles, other manufacturing, non-food articles and manufacture of textiles etc. The index numbers and inflation rate for the last three months of all commodities and WPI components are given below:

    Index Numbers and Annual Rate of Inflation (Y-o-Y in %)*

    All Commodities/Major Groups

    Weight (%)

    November-24 (F)

    December-24 (P)

    January-25 (P)

    Index

    Inflation

    Index

    Inflation

    Index

    Inflation

    All Commodities

    100.00

    156.4

    2.16

    155.4

    2.37

    154.7

    2.31

    I. Primary Articles

    22.62

    197.9

    5.49

    193.8

    6.02

    189.9

    4.69

    II. Fuel & Power

    13.15

    149.9

    -4.03

    149.9

    -3.79

    150.6

    -2.78

    III. Manufactured Products

    64.23

    143.1

    2.07

    143.0

    2.14

    143.2

    2.51

    Food Index

    24.38

    200.2

    8.86

    195.9

    8.89

    191.4

    7.47

    Note: F: Final, P: Provisional, *Annual rate of WPI inflation calculated over the corresponding month of previous year

     

    2. The month over month change in WPI for the month of January, 2025 stood at (-) 0.45% as compared to December, 2024. The monthly change in WPI for last six-month is summarized below:

     

    Month Over Month (M-o-M in %) change in WPI Index#

    All Commodities/Major Groups

    Weight

    Aug-24

    Sep-24

    Oct-24

    Nov-24

    Dec-24 (P)

    Jan-25 (P)

    All Commodities

    100.00

    -0.58

    0.19

    1.29

    -0.19

    -0.64

    -0.45

    I. Primary Articles

    22.62

    -1.37

    0.21

    2.61

    -1.35

    -2.07

    -2.01

    II. Fuel & Power

    13.15

    0.07

    -0.74

    1.09

    0.74

    0.00

    0.47

    III. Manufactured Products

    64.23

    -0.28

    0.42

    0.70

    0.14

    -0.07

    0.14

    Food Index

    24.38

    -1.23

    1.45

    3.22

    -0.99

    -2.15

    -2.30

    Note: P: Provisional, #Monthly rate of change, based on month over month (M-o-M) WPI calculated over the preceding month

     

    3. Month-over-Month Change in Major Groups of WPI:

    1. Primary Articles (Weight 22.62%): – The index for this major group decreased by 2.01% to 189.9 (provisional) in January, 2025 from 193.8 (provisional) for the month of December, 2024. Price of food articles (-3.62%) decreased in January, 2025 as compared to December, 2024. The Price of crude petroleum & natural gas (6.34%), non-food articles (0.66%) and minerals (0.22%) increased in January, 2025 as compared to December, 2024.
    2. Fuel & Power (Weight 13.15%): – The index for this major group increased by 0.47% to 150.6 (provisional) in January, 2025 from 149.9 (provisional) for the month of December, 2024. Price of mineral oils (0.71%) and electricity (0.20%) increased in January, 2025 as compared to December, 2024. The price of coal has remained same as in the previous month.
    3. Manufactured Products (Weight 64.23%): – The index for this major group increased by 0.14% to 143.2 (Provisional) in January, 2025 from 143.0 (Provisional) for the month of December, 2024. Out of the 22 NIC two-digit groups for manufactured products, 15 groups witnessed an increase in prices, 5 groups witnessed a decrease in prices and 2 groups witnessed no change in prices. Some of the important groups that showed month-over-month increase in prices were other manufacturing; manufacture of food products; machinery & equipment; chemicals & chemical products; pharmaceuticals, medicinal chemical & botanical products etc. Some of the groups that witnessed a decrease in prices were manufacture of basic metals; fabricated metal products, except machinery & equipment; wearing apparel; beverages; and other transport equipment in January, 2025 as compared to December, 2024.

    4. WPI Food Index (Weight 24.38%): The Food Index consisting of ‘food articles’ from primary articles group and ‘food product’ from manufactured products group decreased from 195.9 in December, 2024 to 191.4 in January, 2025. The annual rate of inflation based on WPI Food Index decreased from 8.89% in December, 2024 to 7.47% in January, 2025.

    5. Final Index for the month of November, 2024 (Base Year: 2011-12=100): For the month of November, 2024, the final Wholesale Price Index and inflation rate for ‘All Commodities’ (Base: 2011-12=100) stood at 156.4 and 2.16% respectively. The details of all India Wholesale Price Indices and Rates of Inflation for different commodity groups based on updated figures are at Annex I. The Annual rate of Inflation (Y-o-Y) based on WPI for different commodity groups in the last six months are at Annex II. WPI for different commodity groups in the last six months are at Annex III.

     

    1. Response Rate: The WPI for January, 2025 has been compiled at a weighted response rate of 90.4 per cent, while the final figure for November, 2024 is based on the weighted response rate of 95.5 per cent. The provisional figures of WPI will undergo revision as per the revision policy of WPI. This press release, item indices, and inflation numbers are available at our home page http://eaindustry.nic.in.
    2. Next date of Press Release: WPI for the month of February, 2025 would be released on 17/03/2025.

    Note: DPIIT releases index number of wholesale price in India on monthly basis on 14th of every month (or next working day, if 14th falls on holiday) with a time lag of two weeks of the reference month, and the index number is compiled with data received from institutional sources and selected manufacturing units across the country. This press release contains WPI (Base Year 2011-12=100) for the month of January, 2025 (Provisional), November, 2024 (Final) and other months/years. Provisional figures of WPI are finalised after 10 weeks (from the month of reference), and frozen thereafter.

    Annex-I

    All India Wholesale Price Indices and Rates of Inflation (Base Year: 2011-12=100) for January, 2025

    Commodities/Major Groups/Groups/Sub-Groups/Items

    Weight

    Index

    January-25*

    Month over Month (MoM)

    Cumulative Inflation (YoY)

    Rate of Inflation (YoY)

    Jan-24

    Jan-25*

    Apr-Jan 2023-24

    Apr-Jan 2024-25*

    Jan-24

    Jan-25*

    ALL COMMODITIES

    100.00

    154.7

    -0.40

    -0.45

    -0.92

    2.22

    0.33

    2.31

    I. PRIMARY ARTICLES

    22.62

    189.9

    -0.77

    -2.01

    3.33

    5.81

    4.07

    4.69

    A. Food Articles

    15.26

    199.9

    -1.26

    -3.62

    6.52

    8.27

    6.91

    5.88

    Cereals

    2.82

    212.3

    -0.10

    0.38

    7.03

    8.25

    4.60

    7.33

    Paddy

    1.43

    203.1

    -0.42

    -1.07

    8.96

    9.24

    9.51

    6.22

    Wheat

    1.03

    219.6

    -0.20

    1.76

    4.46

    7.42

    -1.86

    9.75

    Pulses

    0.64

    217.0

    -3.19

    -3.13

    13.69

    13.36

    15.95

    5.08

    Vegetables

    1.87

    223.1

    -8.24

    -22.72

    7.32

    21.40

    19.02

    8.35

    Potato

    0.28

    295.4

    -10.70

    -19.44

    -22.91

    77.02

    -8.18

    74.28

    Onion

    0.16

    316.6

    -30.41

    -23.55

    40.16

    43.48

    23.04

    28.33

    Fruits

    1.60

    196.4

    -1.90

    1.60

    -0.60

    10.30

    0.89

    15.12

    Milk

    4.44

    187.2

    0.33

    0.75

    7.93

    3.36

    5.44

    2.69

    Eggs, Meat & Fish

    2.40

    174.7

    1.81

    0.00

    1.28

    0.63

    -0.76

    3.56

    B. Non-Food Articles

    4.12

    167.4

    0.18

    0.66

    -5.69

    -1.14

    -6.39

    2.95

    Oil Seeds

    1.12

    183.0

    -1.19

    0.11

    -9.99

    -2.37

    -9.18

    -0.05

    C. Minerals

    0.83

    230.1

    2.76

    0.22

    8.14

    5.14

    10.58

    2.86

    D. Crude Petroleum & Natural gas

    2.41

    150.9

    -0.33

    6.34

    -4.78

    -0.65

    0.20

    -0.53

    Crude Petroleum

    1.95

    130.0

    2.10

    8.79

    -11.22

    -1.06

    4.13

    -0.76

    II. FUEL & POWER

    13.15

    150.6

    -0.58

    0.47

    -5.19

    -1.73

    -0.45

    -2.78

    LPG

    0.64

    123.7

    -0.49

    -0.72

    -12.16

    3.23

    0.41

    2.23

    Petrol

    1.60

    150.8

    -0.45

    1.07

    -3.74

    -3.67

    0.26

    -3.64

    HSD

    3.10

    165.6

    -0.12

    0.61

    -11.19

    -3.47

    -5.29

    -3.61

    III. MANUFACTURED PRODUCTS

    64.23

    143.2

    -0.21

    0.14

    -1.81

    1.45

    -1.20

    2.51

    Mf/o Food Products

    9.12

    177.0

    -0.50

    0.17

    -3.46

    6.34

    -1.72

    10.42

    Vegetable & Animal Oils and Fats

    2.64

    186.6

    -0.43

    1.58

    -21.97

    12.77

    -15.59

    33.10

    Mf/o Beverages

    0.91

    134.4

    0.30

    -0.15

    2.11

    1.98

    2.00

    1.51

    Mf/o Tobacco Products

    0.51

    177.4

    0.87

    0.23

    5.04

    1.96

    5.00

    1.84

    Mf/o Textiles

    4.88

    136.9

    0.22

    0.00

    -6.36

    1.14

    -2.26

    2.16

    Mf/o Wearing Apparel

    0.81

    154.1

    -0.66

    -0.19

    1.51

    1.69

    1.21

    2.12

    Mf/o Leather and Related Products

    0.54

    126.3

    -0.48

    0.56

    1.65

    0.61

    1.90

    2.27

    Mf/o Wood and of Products of Wood and Cork

    0.77

    149.3

    0.34

    0.20

    1.95

    2.12

    3.49

    0.81

    Mf/o Paper and Paper Products

    1.11

    139.4

    0.22

    0.36

    -7.95

    -1.32

    -6.47

    0.50

    Mf/o Chemicals and Chemical Products

    6.47

    136.7

    -0.22

    0.22

    -6.07

    -0.58

    -5.51

    0.96

    Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products

    1.99

    145.0

    -0.21

    0.62

    1.49

    1.04

    0.56

    1.40

    Mf/o Rubber and Plastics Products

    2.30

    129.3

    -0.24

    0.15

    -1.93

    1.16

    -1.09

    1.65

    Mf/o other Non-Metallic Mineral Products

    3.20

    131.8

    -0.74

    0.38

    1.08

    -2.84

    -0.67

    -1.93

    Cement, Lime and Plaster

    1.64

    130.0

    -1.22

    0.39

    0.55

    -5.60

    -1.22

    -5.25

    Mf/o Basic Metals

    9.65

    137.1

    -0.57

    -0.36

    -5.16

    -1.13

    -4.60

    -1.22

    Mild Steel – Semi Finished Steel

    1.27

    116.7

    -0.51

    -0.17

    -5.35

    -2.20

    -6.16

    -0.43

    Mf/o Fabricated Metal Products, Except Machinery and Equipment

    3.15

    135.4

    -0.07

    -0.51

    -0.02

    -2.12

    -0.07

    -1.74

    Note: * = Provisional. Mf/o = Manufacture of

     

    Annex-II

    WPI Inflation (Base Year: 2011-12=100) for last 6 months

    Commodities/Major Groups/Groups/Sub-Groups/Items

    Weight

    WPI based inflation (YoY) figures for last 6 months

    Aug-24

    Sep-24

    Oct-24

    Nov-24

    Dec-24*

    Jan-25*

    ALL COMMODITIES

    100.00

    1.25

    1.91

    2.75

    2.16

    2.37

    2.31

    I. PRIMARY ARTICLES

    22.62

    2.52

    6.48

    8.26

    5.49

    6.02

    4.69

    A. Food Articles

    15.26

    3.06

    11.48

    13.49

    8.48

    8.47

    5.88

    Cereals

    2.82

    8.66

    8.50

    7.80

    7.71

    6.82

    7.33

    Paddy

    1.43

    9.60

    8.77

    7.47

    7.58

    6.93

    6.22

    Wheat

    1.03

    7.38

    7.71

    8.04

    8.20

    7.63

    9.75

    Pulses

    0.64

    18.27

    12.94

    9.27

    5.97

    5.02

    5.08

    Vegetables

    1.87

    -9.95

    48.97

    62.86

    29.34

    28.65

    8.35

    Potato

    0.28

    77.78

    77.29

    79.11

    82.64

    93.20

    74.28

    Onion

    0.16

    67.25

    81.43

    39.25

    1.08

    16.81

    28.33

    Fruits

    1.60

    16.75

    12.17

    13.60

    5.59

    11.16

    15.12

    Milk

    4.44

    3.51

    2.94

    3.00

    2.04

    2.26

    2.69

    Eggs, Meat & Fish

    2.40

    -0.75

    -0.92

    -0.52

    3.16

    5.43

    3.56

    B. Non-Food Articles

    4.12

    -1.84

    -1.46

    -1.34

    -0.61

    2.46

    2.95

    Oil Seeds

    1.12

    -4.90

    -0.49

    1.98

    0.32

    -1.35

    -0.05

    C. Minerals

    0.83

    10.75

    1.04

    4.51

    6.30

    5.47

    2.86

    D. Crude Petroleum & Natural gas

    2.41

    1.77

    -13.04

    -11.80

    -7.74

    -6.77

    -0.53

    Crude Petroleum

    1.95

    -0.98

    -16.78

    -12.49

    -7.20

    -6.86

    -0.76

    II. FUEL & POWER

    13.15

    -0.54

    -3.85

    -4.31

    -4.03

    -3.79

    -2.78

    LPG

    0.64

    14.40

    13.18

    2.57

    1.81

    2.47

    2.23

    Petrol

    1.60

    -4.23

    -7.10

    -7.35

    -6.83

    -5.09

    -3.64

    HSD

    3.10

    -3.03

    -5.33

    -6.23

    -5.68

    -4.30

    -3.61

    III. MANUFACTURED PRODUCTS

    64.23

    1.00

    1.07

    1.78

    2.07

    2.14

    2.51

    Mf/o Food Products

    9.12

    3.54

    6.61

    9.39

    9.57

    9.68

    10.42

    Vegetable & Animal Oils and Fats

    2.64

    2.03

    14.09

    26.03

    28.83

    30.47

    33.10

    Mf/o Beverages

    0.91

    1.98

    2.28

    2.13

    2.28

    1.97

    1.51

    Mf/o Tobacco Products

    0.51

    1.97

    2.13

    1.09

    1.14

    2.49

    1.84

    Mf/o Textiles

    4.88

    1.34

    1.12

    0.89

    1.42

    2.39

    2.16

    Mf/o Wearing Apparel

    0.81

    1.53

    1.99

    1.25

    1.52

    1.65

    2.12

    Mf/o Leather and Related Products

    0.54

    -0.48

    0.89

    1.37

    1.45

    1.21

    2.27

    Mf/o Wood and of Products of Wood and Cork

    0.77

    3.17

    1.43

    1.09

    0.54

    0.95

    0.81

    Mf/o Paper and Paper Products

    1.11

    0.58

    1.01

    0.94

    0.07

    0.36

    0.50

    Mf/o Chemicals and Chemical Products

    6.47

    0.29

    0.15

    -0.22

    0.29

    0.52

    0.96

    Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products

    1.99

    2.12

    0.98

    0.42

    1.19

    0.56

    1.40

    Mf/o Rubber and Plastics Products

    2.30

    1.57

    0.55

    1.89

    1.42

    1.25

    1.65

    Mf/o other Non-Metallic Mineral Products

    3.20

    -3.85

    -3.26

    -3.83

    -2.38

    -3.03

    -1.93

    Cement, Lime and Plaster

    1.64

    -7.13

    -6.19

    -7.20

    -5.38

    -6.77

    -5.25

    Mf/o Basic Metals

    9.65

    -1.64

    -3.71

    -2.04

    -1.14

    -1.43

    -1.22

    Mild Steel – Semi Finished Steel

    1.27

    -5.22

    -6.24

    -1.67

    -0.68

    -0.76

    -0.43

    Mf/o Fabricated Metal Products, Except Machinery and Equipment

    3.15

    -1.66

    -2.22

    -2.81

    -2.87

    -1.31

    -1.74

    Note: * = Provisional. Mf/o = Manufacture of

     

     

    Annex-III

    Wholesale Price Indices (Base Year: 2011-12=100) for last 6 months

    Commodities/Major Groups/Groups/Sub-Groups/Items

    Weight

    WPI Numbers for last 6 months

    Aug-24

    Sep-24

    Oct-24

    Nov-24

    Dec-24*

    Jan-25*

    ALL COMMODITIES

    100.00

    154.4

    154.7

    156.7

    156.4

    155.4

    154.7

    I. PRIMARY ARTICLES

    22.62

    195.1

    195.5

    200.6

    197.9

    193.8

    189.9

    A. Food Articles

    15.26

    209.0

    210.8

    217.9

    213.7

    207.4

    199.9

    Cereals

    2.82

    204.6

    206.8

    208.6

    211.0

    211.5

    212.3

    Paddy

    1.43

    202.0

    203.4

    204.4

    205.9

    205.3

    203.1

    Wheat

    1.03

    202.2

    205.4

    209.6

    213.8

    215.8

    219.6

    Pulses

    0.64

    233.7

    237.4

    234.5

    230.8

    224.0

    217.0

    Vegetables

    1.87

    303.3

    310.9

    360.9

    334.6

    288.7

    223.1

    Potato

    0.28

    393.6

    376.2

    375.6

    384.1

    366.7

    295.4

    Onion

    0.16

    391.2

    493.3

    478.2

    495.8

    414.1

    316.6

    Fruits

    1.60

    207.7

    209.3

    210.5

    198.4

    193.3

    196.4

    Milk

    4.44

    185.9

    185.3

    185.6

    185.2

    185.8

    187.2

    Eggs, Meat & Fish

    2.40

    173.1

    172.6

    171.0

    173.1

    174.7

    174.7

    B. Non-Food Articles

    4.12

    160.2

    162.2

    161.9

    162.8

    166.3

    167.4

    Oil Seeds

    1.12

    178.6

    184.6

    185.4

    185.6

    182.8

    183.0

    C. Minerals

    0.83

    227.6

    223.2

    229.6

    229.4

    229.6

    230.1

    D. Crude Petroleum & Natural gas

    2.41

    155.0

    146.1

    147.3

    146.7

    141.9

    150.9

    Crude Petroleum

    1.95

    131.6

    123.5

    126.1

    125.0

    119.5

    130.0

    II. FUEL & POWER

    13.15

    148.3

    147.2

    148.8

    149.9

    149.9

    150.6

    LPG

    0.64

    114.4

    116.8

    119.8

    123.6

    124.6

    123.7

    Petrol

    1.60

    153.9

    151.7

    149.9

    148.7

    149.2

    150.8

    HSD

    3.10

    166.7

    165.1

    164.2

    164.4

    164.6

    165.6

    III. MANUFACTURED PRODUCTS

    64.23

    141.3

    141.9

    142.9

    143.1

    143.0

    143.2

    Mf/o Food Products

    9.12

    166.5

    171.0

    175.9

    177.5

    176.7

    177.0

    Vegetable & Animal Oils and Fats

    2.64

    150.5

    162.8

    178.2

    183.2

    183.7

    186.6

    Mf/o Beverages

    0.91

    134.0

    134.3

    134.5

    134.7

    134.6

    134.4

    Mf/o Tobacco Products

    0.51

    176.0

    177.5

    176.0

    177.0

    177.0

    177.4

    Mf/o Textiles

    4.88

    135.9

    135.8

    135.9

    136.1

    136.9

    136.9

    Mf/o Wearing Apparel

    0.81

    152.9

    153.6

    153.9

    153.7

    154.4

    154.1

    Mf/o Leather and Related Products

    0.54

    124.9

    125.0

    125.7

    125.8

    125.6

    126.3

    Mf/o Wood and of Products of Wood and Cork

    0.77

    149.5

    148.6

    148.7

    148.5

    149.0

    149.3

    Mf/o Paper and Paper Products

    1.11

    139.8

    139.8

    139.8

    138.5

    138.9

    139.4

    Mf/o Chemicals and Chemical Products

    6.47

    136.7

    136.5

    136.3

    136.4

    136.4

    136.7

    Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products

    1.99

    144.8

    144.1

    143.5

    144.1

    144.1

    145.0

    Mf/o Rubber and Plastics Products

    2.30

    129.1

    128.7

    129.6

    128.6

    129.1

    129.3

    Mf/o other Non-Metallic Mineral Products

    3.20

    129.8

    130.6

    130.4

    131.4

    131.3

    131.8

    Cement, Lime and Plaster

    1.64

    127.7

    128.9

    128.8

    130.1

    129.5

    130.0

    Mf/o Basic Metals

    9.65

    138.3

    137.7

    139.3

    138.6

    137.6

    137.1

    Mild Steel – Semi Finished Steel

    1.27

    114.4

    114.1

    118.0

    117.5

    116.9

    116.7

    Mf/o Fabricated Metal Products, Except Machinery and Equipment

    3.15

    136.6

    136.3

    135.0

    135.3

    136.1

    135.4

    Note: * = Provisional. Mf/o = Manufacture of

    ***

    Abhishek Dayal/ Abhijith Narayanan

    (Release ID: 2103131) Visitor Counter : 20

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Central Consumer Protection Authority (CCPA) imposes penalty of ₹ 3 Lakh on coaching institute for advertising misleading claims of IIT- JEE results

    Source: Government of India

    Central Consumer Protection Authority (CCPA) imposes penalty of ₹ 3 Lakh on coaching institute for advertising misleading claims of IIT- JEE results

    46 notices to various coaching institutes issued so far

    Posted On: 14 FEB 2025 12:00PM by PIB Delhi

    The Central Consumer Protection Authority (CCPA) has imposed penalty of ₹ 3 lakh on IITian’s Prashikshan Kendra Pvt. Ltd. (IITPK) for advertising misleading claims regarding result of IIT- JEE examination. The decision was taken to ensure that no false or misleading advertisement is made of any goods or services which contravenes the provisions of the Consumer Protection Act, 2019.

    CCPA has so far issued 46 notices to various coaching institutes for misleading advertisements. The CCPA has imposed penalty of 77 lakhs 60 thousand on 24 coaching institutes and directed them to discontinue the misleading advertisements.

    In view of the violation of the Consumer Protection Act, 2019, the CCPA, headed by Chief Commissioner, Smt. Nidhi Khare, and Commissioner, Shri Anupam Mishra has issued an Order against IITian’s Prashikshan Kendra Pvt. Ltd. (IITPK).

    False impression of national level toppers: The institute’s advertisements prominently featured titles such as “IIT Topper” and “NEET Topper” alongside the bold numbers ‘1’ and ‘2’ in front of candidate names and pictures. This misrepresentation was designed to create the deceptive impression that these students had secured All India Rank in respective examinations. The institute deliberately concealed that students were merely toppers within the institute, not at the national level. These misrepresentation can significantly influence the decisions of students who are the target audience (primarily students of classes 7th to 12th, aged 14-17). They are likely to assume that the institute consistently produces top national performers, thus influencing their choice of coaching institute under false pretenses.

    Misleading claims of IIT ranks: The institute claimed, “1384 IIT Ranks in the past 21 years by IITPK,” suggesting that 1384 students coached by the institute secured admission into the prestigious Indian Institutes of Technology (IITs). Deceptive Implications: The advertisement did not clarify that not all 1384 students were selected into IITs. By using the phrase “IIT Ranks,” the institute misled consumers into believing that these students exclusively secured admission into IITs, thereby exaggerating its success rate. Upon investigation, the CCPA (Central Consumer Protection Authority) found that the list provided by the institute included students admitted to a variety of institutions, including IITs, IIITs, NITs, BITS, Manipal University, VIT Vellore, PICT Pune, MIT Pune, VIT Pune, and other educational institutions.

    Misleading success ratio claims: Inflated and Unqualified Statements: The institute used bold claims such as “Highest success ratio year after year,” “Best success ratio for 21 years,” and “Success Ratio at 61%” in its advertisements. These statements were presented without any supporting data or context, leading consumers to believe that 61% of the institute’s students secure admission into IITs. The institute did not provide any comparative analysis or third-party verification to substantiate these claims.  During hearings, the institute submitted that the term “Success Ratio” was clarified during webinars and one-on-one counseling sessions. However, the primary platform for these claims was the advertisements themselves, where no such clarification was provided. This strategy misleads potential students and parents by not presenting crucial information upfront.

    The CCPA found that the institute deliberately concealed important information that would have helped students make an informed decision when choosing a course or coaching institute/platform. Therefore, CCPA deemed it necessary to impose a penalty in the interest of impressionable students and address false or misleading advertisements and unfair trade practices.

    (Final Order is available on the Central Consumer Protection Authority website https://doca.gov.in/ccpa/orders-advisories.php?page_no=1)

    ****

    Abhishek Dayal/Nihi Sharma

    (Release ID: 2103128) Visitor Counter : 27

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Heartfulness Lord Buddha Trination Tri-Services Motorcycle Expedition to Cover Key Buddhist Sites Across Nepal, India, and Sri Lanka

    Source: Government of India (2)

    Heartfulness Lord Buddha Trination Tri-Services Motorcycle Expedition to Cover Key Buddhist Sites Across Nepal, India, and Sri Lanka

     Official flag-off will take place at Bodhgaya on 19th February 2025

    Posted On: 14 FEB 2025 11:18AM by PIB Delhi

    The Heartfulness Lord Buddha Trination Tri-Services Motorcycle Expedition is a historic and unique initiative uniting Nepal, India, and Sri Lanka in a journey through their shared Buddhist heritage. Under the leadership of Convener Shri Rahul Laxman Patil, the expedition is organized in association with the International Buddhist Confederation (IBC) along with other partners.

    The journey will commence on 16th February 2025 from Lumbini, Nepal, the birthplace of Lord Buddha, symbolizing the historical spread of Buddhism and reinforcing the deep-rooted cultural and spiritual connections among these countries. The expedition will cover significant Buddhist heritage sites across Nepal, India, and Sri Lanka.

    The Indian chapter of the expedition is being organized with the support of the Land Port Authority of India (under the Ministry of Home Affairs) and Nalanda University, Rajgir (under the Ministry of External Affairs), with BIMSTEC as the strategic partner and IBC as the guiding institution. The route will include key Buddhist landmarks such as:

    • Sarnath, Uttar Pradesh – The site of Buddha’s first sermon
    • Bodhgaya, Bihar – The place of Buddha’s enlightenment
    • Nalanda, Bihar – The renowned ancient Buddhist university
    • Nagarjuna Sagar, Andhra Pradesh – An important Buddhist learning center
    • Udayagiri, Odisha – A significant Buddhist monastic site
    • Karnataka – Various Buddhist sites reflecting India’s rich Buddhist legacy

    The official flag-off will take place at Bodhgaya on 19th February 2025, led by Shri Ram Nath Kovind, Former President of India, at this iconic Buddhist pilgrimage site. The expedition will then proceed to Sri Lanka, where it will receive a ceremonial welcome in Jaffna, marking the culmination of this historic journey. The Sri Lankan leg of the event will highlight the enduring Buddhist ties between the three nations and further promote cultural diplomacy.

    • The Heartfulness Lord Buddha Trination Tri-Services Motorcycle Expedition aims to:
    • Promote peace and harmony through the teachings of Buddha
    • Enhance cultural and heritage tourism across South Asia
    • Raise awareness on environmental conservation and sustainable development
    • Strengthen people-to-people and defence ties between India, Nepal, and Sri Lanka

    This initiative is a testament to the unifying power of Buddhism, fostering goodwill and cooperation between the three nations while celebrating their common spiritual and historical heritage.

    ***

    Sunil Kumar Tiwari

    pibculture[at]gmail[dot]com

    (Release ID: 2103111) Visitor Counter : 25

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Text of PM’s remarks during SAMVAD programme in Thailand

    Source: Government of India (2)

    Posted On: 14 FEB 2025 10:20AM by PIB Delhi

    Namo Buddhaya!

    It is an honour to join you all for this edition of SAMVAD in Thailand. Many distinguished institutions and individuals from India, Japan, and Thailand  are working to make this event possible. I commend all of them for their efforts and extend my greetings to all participants.

    Friends,

    I take this opportunity to remember my friend, Mr. Shinzo  Abe. In 2015, the idea of SAMVAD emerged from my conversations with him. Since then, SAMVAD has travelled across various countries, fostering debate, dialogue, and deeper understanding

    Friends,

    I am delighted that this edition of SAMVAD is taking place in Thailand. Thailand has a rich culture, history, and heritage. It stands as a beautiful example of the shared philosophical and spiritual traditions of Asia.

    Friends,

    India and Thailand share deep cultural ties that span over two thousand years. The Ramayana and Ramakien connect us. Our shared reverence for Bhagwan Buddha unites us. Last year,  when we sent holy relics of Bhagwan Buddha to Thailand, millions of devotees paid their respects. Our nations also share a vibrant partnership across multiple sectors. India’s ‘Act East’ policy and Thailand’s ‘Act West’ policy complement each other, promoting mutual progress and prosperity. This conference marks another successful chapter in our friendship.

    Friends,

    The theme of SAMVAD speaks of the Asian Century. When people use this term, they often refer to Asia’s economic rise. However, this conference highlights that the Asian Century is not just about economic value but also about social values. The teachings of Bhagwan Buddha can guide the world in creating a peaceful and progressive era. His wisdom holds the power to lead us towards a human-centric future.

    Friends,

    One of the core themes of SAMVAD is conflict avoidance. Often, conflicts arise from the belief that only our path is correct while all others are wrong. Bhagwan Buddha offers insight  into this issue:

    इमेसु किर सज्जन्ति, एके समणब्राह्मणा |

    विग्गय्ह नं विवदन्ति,

    जना एकंगदस्सिनो ||

    This means that some people cling to their own views  and argue, seeing only one side as true. But multiple perspectives can exist on the same issue. This is why the Rig Veda states:

    एकं सद्विप्रा बहु॒धा वदन्ति |

    When we acknowledge that truth may be seen through different lenses,  we can avoid conflict.

    Friends,

    Another cause of conflict is perceiving others as fundamentally different from ourselves. Differences lead to distance, and distance can turn into discord.To counter this, a verse from the Dhammapada states:

    सब्बे तसन्ति दण्डस्स, सब्बे भायन्ति मच्चुनो |

    अत्तानं उपमं कत्वा, न हनेय्य न घातये ||

    This means that everyone fears pain and death. By recognizing others as similar to ourselves, we can ensure that no harm or violence occurs. If these words are followed, conflict can be avoided.

    Friends,

    Many of the world’s issues stem from taking extreme positions rather than a balanced approach. Extreme views lead to conflicts, environmental crises, and even stress-related health problems. The solution to such challenges lies in the teachings of Bhagwan Buddha. He urged us to follow the Middle Path and avoid extremes. The principle of moderation remains relevant today and offers guidance in addressing global challenges.

    Friends,

    Today, conflicts extend beyond people and nations- humanity is increasingly in conflict with nature. This has led to an environmental crisis that threatens our planet. The answer to this challenge lies in the shared traditions of Asia, rooted in the principles of Dhamma. Hinduism, Buddhism, Shintoism, and other Asian traditions teach us to live in harmony with nature. We do not see ourselves as separate from nature but as a part of it. We believe in the concept of trusteeship, as advocated by Mahatma Gandhi. When using natural resources for progress today, we must also consider our responsibility to future generations. This approach ensures  that resources are used for growth, not greed.

    Friends,

    I hail from Vadnagar, a small town in western India that was once a great seat of Buddhist learning. In the Indian Parliament, I represent Varanasi, which includes Sarnath. Sarnath is the sacred place where Bhagwan Buddha delivered his first discourse. It is a beautiful coincidence that places associated with Bhagwan Buddha have shaped my journey.

     Friends,

    Our reverence for Bhagwan Buddha is reflected in the policies of our government. We have developed tourism infrastructure to connect important Buddhist sites as part of the Buddhist Circuit. The ‘Buddha Purnima Express’ special train has been launched to facilitate travel within this circuit. The inauguration of the Kushinagar International Airport is a historic step that benefits international Buddhist pilgrims. Recently, we have announced various development initiatives for Bodh Gaya to enhance its infrastructure. I warmly invite pilgrims, scholars, and monks from around the world to visit India, the land of Bhagwan Buddha.

    Friends,

    Nalanda Mahavihara was one of the greatest universities in history. It was destroyed centuries ago by the forces of conflict. But we have shown our resilience  by now reviving it as a center of learning. With the blessings of Bhagwan Buddha, I am confident that Nalanda University will regain its former glory. A significant step has also been taken to promote Pali, the language in which Bhagwan Buddha delivered his teachings. Pali has been declared a classical language by our government, ensuring the preservation of its literature. Additionally, we have launched the Gyan Bharatam mission to identify and catalog ancient manuscripts. This will encourage documentation and digitalization for the benefit of scholars of Buddhism.

    Friends,

    Over the past decade, we have collaborated with many nations to promote the teachings of Bhagwan Buddha. Recently, the First Asian Buddhist Summit was held in India under the theme ‘The Role of Buddha Dhamma in Strengthening Asia. Earlier, India hosted the First Global Buddhist Summit. I had the honor of laying the foundation stone for the India International Center for Buddhist Culture & Heritage at Lumbini, Nepal. India has also contributed to the construction of the Lumbini Museum. Further, the ‘Concise Orders’ of Lord Buddha, Mongolian Kanjur of 108 volumes, were reprinted in India and distributed to monasteries in Mongolia. Our efforts in conservation of monuments in many countries, reinforce our commitment to Bhagwan Buddha’s legacy.

    Friends,

    It is encouraging that this edition of SAMVAD is hosting a religious roundtable, bringing together diverse religious leaders. I am confident that valuable insights will emerge from this platform, shaping a more harmonious world. Once again, I extend my gratitude to the people and Government of Thailand for hosting this conference. My best wishes to all participants  who have gathered here to advance this noble mission. May the light of Dhamma continue to guide us toward an era of peace, progress, and prosperity.

     

    ****

    MJPS/VJ

    (Release ID: 2103073) Visitor Counter : 29

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi’s remarks during SAMVAD programme in Thailand

    Source: Government of India (2)

    Posted On: 14 FEB 2025 10:04AM by PIB Delhi

    The Prime Minister Shri Narendra Modi delivered his remarks, during the SAMVAD programme organised in Thailand, via video message today. Addressing the gathering, he expressed his honor of joining the edition of SAMVAD in Thailand, commending the distinguished institutions and individuals from India, Japan, and Thailand for making the event possible. He extended his greetings to all participants.

    The Prime Minister took the opportunity to remember his friend, Mr. Shinzo Abe, highlighting that the idea of SAMVAD emerged from their conversations in 2015. Since then, SAMVAD has travelled across various countries, fostering debate, dialogue, and deeper understanding.

    Highlighting his delight that this edition of SAMVAD is taking place in Thailand, a country with rich culture, history, and heritage, Shri Modi emphasized that Thailand stands as a beautiful example of the shared philosophical and spiritual traditions of Asia.

    Underlining the deep cultural ties shared by India and Thailand, spanning over two thousand years, the Prime Minister remarked that the Ramayana and Ramakien connect the two nations and that their shared reverence for Bhagwan Buddha unites them. He noted that when India sent holy relics of Bhagwan Buddha to Thailand last year, millions of devotees paid their respects. Shri Modi emphasized the vibrant partnership across multiple sectors between India and Thailand, mentioning that India’s ‘Act East’ policy and Thailand’s ‘Act West’ policy complement each other, promoting mutual progress and prosperity. He remarked that this conference marks another successful chapter in the friendship between the two nations. 

    Highlighting the theme of SAMVAD, which speaks of the Asian Century, Shri Modi noted that while people often refer to Asia’s economic rise, this conference highlights that the Asian Century is not just about economic value but also about social values. He emphasized that the teachings of Bhagwan Buddha can guide the world in creating a peaceful and progressive era, and his wisdom holds the power to lead towards a human-centric future.

    Talking about one of the core themes of SAMVAD—conflict avoidance, the Prime Minister remarked that conflicts often arise from the belief that only one path is correct while others are wrong. He cited Bhagwan Buddha’s insight on this issue, noting that some people cling to their own views and argue, seeing only one side as true. He emphasized that multiple perspectives can exist on the same issue. He referenced the Rig Veda, stating that when we acknowledge that truth may be seen through different lenses, we can avoid conflict.

    Shri Modi highlighted another cause of conflict—perceiving others as fundamentally different from ourselves. He remarked that differences lead to distance, and distance can turn into discord. To counter this, he cited a verse from the Dhammapada, which states that everyone fears pain and death. He emphasized that by recognizing others as similar to ourselves, we can ensure that no harm or violence occurs. He added that if these words are followed, conflict can be avoided.

    “Many of the world’s issues stem from taking extreme positions rather than a balanced approach”, said Shri Modi. He highlighted that extreme views lead to conflicts, environmental crises, and even stress-related health problems. He emphasized that the solution to these challenges lies in the teachings of Bhagwan Buddha, who urged us to follow the Middle Path and avoid extremes. The principle of moderation, he noted, remains relevant today and offers guidance in addressing global challenges.

    The Prime Minister observed that conflicts today extend beyond people and nations, with humanity increasingly in conflict with nature. He remarked that this has led to an environmental crisis that threatens our planet. He emphasized that the answer to this challenge lies in the shared traditions of Asia, rooted in the principles of Dhamma. He mentioned that Hinduism, Buddhism, Shintoism, and other Asian traditions teach us to live in harmony with nature. He stated that we do not see ourselves as separate from nature but as a part of it. Shri Modi highlighted the concept of trusteeship, as advocated by Mahatma Gandhi, and emphasized that when using natural resources for progress today, we must also consider our responsibility to future generations. He remarked that this approach ensures that resources are used for growth, not greed.

    Shri Modi remarked that he hails from Vadnagar, a small town in western India that was once a great seat of Buddhist learning. In the Indian Parliament, he represents Varanasi, which includes Sarnath, the sacred place where Bhagwan Buddha delivered his first discourse. He noted that it is a beautiful coincidence that places associated with Bhagwan Buddha have shaped his journey. 

    “Our reverence for Bhagwan Buddha is reflected in the policies of the Indian Government”, said the Prime Minister. He mentioned that they have developed tourism infrastructure to connect important Buddhist sites as part of the Buddhist Circuit. He remarked that the ‘Buddha Purnima Express’ special train has been launched to facilitate travel within this circuit. He emphasized that the inauguration of the Kushinagar International Airport is a historic step that benefits international Buddhist pilgrims. He also announced various development initiatives for Bodh Gaya to enhance its infrastructure and warmly invited pilgrims, scholars, and monks from around the world to visit India, the land of Bhagwan Buddha.

    Remarking that Nalanda Mahavihara was one of the greatest universities in history, destroyed centuries ago by the forces of conflict, the Prime Minister emphasized that India has shown resilience by reviving it as a center of learning and expressed confidence that Nalanda University will regain its former glory with the blessings of Bhagwan Buddha. He highlighted the significant step taken to promote Pali, the language in which Bhagwan Buddha delivered his teachings, by declaring it a classical language to ensure the preservation of its literature. He also mentioned the launch of the Gyan Bharatam mission to identify and catalog ancient manuscripts, encouraging documentation and digitalization for the benefit of scholars of Buddhism.

    Shri Modi highlighted the collaboration with many nations over the past decade to promote the teachings of Bhagwan Buddha. He noted that the First Asian Buddhist Summit was recently held in India under the theme ‘The Role of Buddha Dhamma in Strengthening Asia,’ and earlier, India hosted the First Global Buddhist Summit. He mentioned having the honor of laying the foundation stone for the India International Center for Buddhist Culture & Heritage at Lumbini, Nepal, and India’s contribution to the construction of the Lumbini Museum. Additionally, he pointed out the reprinting and distribution of the ‘Concise Orders’ of Lord Buddha, Mongolian Kanjur of 108 volumes, to monasteries in Mongolia. He remarked that India’s efforts in the conservation of monuments in many countries reinforce the commitment to Bhagwan Buddha’s legacy.

    Prime Minister remarked that it is encouraging that this edition of SAMVAD is hosting a religious roundtable, bringing together diverse religious leaders. He expressed confidence that valuable insights will emerge from this platform, shaping a more harmonious world. Shri Modi extended his gratitude to the people and Government of Thailand for hosting the conference. He offered his best wishes to all participants who have gathered to advance this noble mission. He concluded by expressing hope that the light of Dhamma will continue to guide us toward an era of peace, progress, and prosperity.

     

    ***

    MJPS/SR

    (Release ID: 2103064) Visitor Counter : 24

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: India – U.S. Joint Statement during the visit of Prime Minister of India to US

    Source: Government of India (2)

    Posted On: 14 FEB 2025 9:07AM by PIB Delhi

    The President of the United States of America, The Honorable Donald J. Trump hosted the Prime Minister of India, Shri Narendra Modi for an Official Working Visit in Washington, DC on February 13, 2025.

    As the leaders of sovereign and vibrant democracies that value freedom, the rule of law, human rights, and pluralism, President Trump and Prime Minister Modi reaffirmed the strength of the India-U.S. Comprehensive Global Strategic Partnership, anchored in mutual trust, shared interests, goodwill and robust engagement of their citizens.

    Today, President Trump and Prime Minister Modi launched a new initiative – the “U.S.-India COMPACT (Catalyzing Opportunities for Military Partnership, Accelerated Commerce & Technology) for the 21st Century” – to drive transformative change across key pillars of cooperation. Under this initiative, they committed to a results-driven agenda with initial outcomes this year to demonstrate the level of trust for a mutually beneficial partnership.

    Defense

    Highlighting the deepening convergence of U.S.-India strategic interests, the leaders reaffirmed their unwavering commitment to a dynamic defense partnership spanning multiple domains. To advance defense ties further, the leaders announced plans to sign this year a new ten-year Framework for the U.S.-India Major Defense Partnership in the 21st Century.

    The leaders welcomed the significant integration of U.S.-origin defense items into India’s inventory to date, including C‑130J Super Hercules, C‑17 Globemaster III, P‑8I Poseidon aircraft; CH‑47F Chinooks, MH‑60R Seahawks, and AH‑64E Apaches; Harpoon anti-ship missiles; M777 howitzers; and MQ‑9Bs. The leaders determined that the U.S. would expand defense sales and co-production with India to strengthen interoperability and defense industrial cooperation. They announced plans to pursue this year new procurements and co-production arrangements for “Javelin” Anti-Tank Guided Missiles and “Stryker” Infantry Combat Vehicles in India to rapidly meet India’s defense requirements. They also expect completion of procurement for six additional P-8I Maritime Patrol aircraft to enhance India’s maritime surveillance reach in the Indian Ocean Region following agreement on sale terms.

    Recognizing that India is a Major Defense Partner with Strategic Trade Authorization-1 (STA‑1) authorization and a key Quad partner, the U.S. and India will review their respective arms transfer regulations, including International Traffic in Arms Regulations (ITAR), in order to streamline defense trade, technology exchange and maintenance, spare supplies and in-country repair and overhaul of U.S.-provided defense systems. The leaders also called for opening negotiations this year for a Reciprocal Defense Procurement (RDP) agreement to better align their procurement systems and enable the reciprocal supply of defense goods and services. The leaders pledged to accelerate defense technology cooperation across space, air defense, missile, maritime and undersea technologies, with the U.S. announcing a review of its policy on releasing fifth generation fighters and undersea systems to India.

    Building on the U.S.-India Roadmap for Defense Industrial Cooperation and recognizing the rising importance of autonomous systems, the leaders announced a new initiative – the Autonomous Systems Industry Alliance (ASIA) – to scale industry partnerships and production in the Indo-Pacific. The leaders welcomed a new partnership between Anduril Industries and Mahindra Group on advanced autonomous technologies to co-develop and co-produce state-of-the-art maritime systems and advanced AI-enabled counter Unmanned Aerial System (UAS) to strengthen regional security, and between L3 Harris and Bharat Electronics for co-development of active towed array systems.

    The leaders also pledged to elevate military cooperation across all domains – air, land, sea, space, and cyberspace – through enhanced training, exercises, and operations, incorporating the latest technologies. The leaders welcomed the forthcoming “Tiger Triumph” tri-service exercise (first inaugurated in 2019) with larger scale and complexity to be hosted in India.

    Finally, the leaders committed to break new ground to support and sustain the overseas deployments of the U.S. and Indian militaries in the Indo-Pacific, including enhanced logistics and intelligence sharing, as well as arrangements to improve force mobility for joint humanitarian and disaster relief operations along with other exchanges and security cooperation engagements.

    Trade and Investment

    The leaders resolved to expand trade and investment to make their citizens more prosperous, nations stronger, economies more innovative and supply chains more resilient. They resolved to deepen the U.S.-India trade relationship to promote growth that ensures fairness, national security and job creation. To this end, the leaders set a bold new goal for bilateral trade – “Mission 500” – aiming to more than double total bilateral trade to $500 billion by 2030.

    Recognizing that this level of ambition would require new, fair-trade terms, the leaders announced plans to negotiate the first tranche of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall of 2025. The leaders committed to designate senior representatives to advance these negotiations and to ensure that the trade relationship fully reflects the aspirations of the COMPACT. To advance this innovative, wide-ranging BTA, the U.S. and India will take an integrated approach to strengthen and deepen bilateral trade across the goods and services sector, and will work towards increasing market access, reducing tariff and non-tariff barriers, and deepening supply chain integration.

    The leaders welcomed early steps to demonstrate mutual commitment to address bilateral trade barriers. The United States welcomed India’s recent measures to lower tariffs on U.S. products of interest in the areas of bourbon, motorcycles, ICT products and metals, as well as measures to enhance market access for U.S. agricultural products, like alfalfa hay and duck meat, and medical devices. India also expressed appreciation for U.S. measures taken to enhance exports of Indian mangoes and pomegranates to the United States. Both sides also pledged to collaborate to enhance bilateral trade by increasing U.S. exports of industrial goods to India and Indian exports of labor-intensive manufactured products to the United States. The two sides will also work together to increase trade in agricultural goods.

    Finally, the leaders committed to drive opportunities for U.S. and Indian companies to make greenfield investments in high-value industries in each other’s countries. In this regard, the leaders welcomed ongoing investments by Indian companies worth approximately $7.35 billion, such as those by Hindalco’s Novelis in finished aluminum goods at their state-of-the art facilities in Alabama and Kentucky; JSW in steel manufacturing operations at Texas and Ohio; Epsilon Advanced Materials in the manufacture of critical battery materials in North Carolina; and Jubilant Pharma in the manufacture of injectables in Washington. These investments support over 3,000 high-quality jobs for local families.

    Energy Security

    The leaders agreed that energy security is fundamental to economic growth, social well-being and technical innovation in both countries. They underscored the importance of U.S.-India collaboration to ensure energy affordability, reliability, and availability and stable energy markets. Realizing the consequential role of the U.S. and India, as leading producers and consumers, in driving the global energy landscape, the leaders re-committed to the U.S.-India Energy Security Partnership, including in oil, gas, and civil nuclear energy.

    The leaders underscored the importance of enhancing the production of hydrocarbons to ensure better global energy prices and secure affordable and reliable energy access for their citizens. The leaders also underscored the value of strategic petroleum reserves to preserve economic stability during crises and resolved to work with key partners to expand strategic oil reserve arrangements. In this context, the U.S. side affirmed its firm support for India to join the International Energy Agency as a full member.

    The leaders reaffirmed their commitment to increase energy trade, as part of efforts to ensure energy security, and to establish the United States as a leading supplier of crude oil and petroleum products and liquified natural gas to India, in line with the growing needs and priorities of our dynamic economies. They underscored the tremendous scope and opportunity to increase trade in the hydrocarbon sector including natural gas, ethane and petroleum products as part of efforts to ensure supply diversification and energy security. The leaders committed to enhance investments, particularly in oil and gas infrastructure, and facilitate greater cooperation between the energy companies of the two countries.

    The leaders announced their commitment to fully realize the U.S.-India 123 Civil Nuclear Agreement by moving forward with plans to work together to build U.S.-designed nuclear reactors in India through large scale localization and possible technology transfer. Both sides welcomed the recent Budget announcement by Government of India to take up amendments to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act (CLNDA) for nuclear reactors, and further decided to establish bilateral arrangements in accordance with CLNDA, that would address the issue of civil liability and facilitate the collaboration of Indian and U.S. industry in the production and deployment of nuclear reactors. This path forward will unlock plans to build large U.S.-designed reactors and enable collaboration to develop, deploy and scale up nuclear power generation with advanced small modular reactors.

    Technology and Innovation

    The leaders announced the launch of the U.S.-India TRUST (“Transforming the Relationship Utilizing Strategic Technology”) initiative, which will catalyze government-to-government, academia and private sector collaboration to promote application of critical and emerging technologies in areas like defense, artificial intelligence, semiconductors, quantum, biotechnology, energy and space, while encouraging the use of verified technology vendors and ensuring sensitive technologies are protected.

    As a central pillar of the “TRUST” initiative, the leaders committed to work with U.S. and Indian private industry to put forward a U.S.-India Roadmap on Accelerating AI Infrastructure by the end of the year, identifying constraints to financing, building, powering, and connecting large-scale U.S.-origin AI infrastructure in India with milestones and future actions. The U.S. and India will work together to enable industry partnerships and investments in next generation data centers, cooperation on development and access to compute and processors for AI, for innovations in AI models and building AI applications for solving societal challenges while addressing the protections and controls necessary to protect these technologies and reduce regulatory barriers.

    The leaders announced the launch of INDUS Innovation, a new innovation bridge modeled after the successful INDUS-X platform, that will advance U.S.-India industry and academic partnerships and foster investments in space, energy, and other emerging technologies to maintain U.S. and India leadership in innovation and to meet the needs of the 21st century. The leaders also reinforced their commitment to the INDUS-X initiative, which facilities partnerships between U.S. and Indian defense companies, investors and universities to produce critical capability for our militaries, and welcomed the next summit in 2025.

    The leaders also committed, as part of the TRUST initiative, to build trusted and resilient supply chains, including for semiconductors, critical minerals, advanced materials and pharmaceuticals. As part of this effort, the leaders plan to encourage public and private investments to expand Indian manufacturing capacity, including in the U.S., for active pharmaceutical ingredients for critical medicines. These investments will create good jobs, diversify vital supply chains, and reduce the risk of life-saving drug shortages in both the United States and India.

    Recognizing the strategic importance of critical minerals for emerging technologies and advanced manufacturing, India and the United States will accelerate collaboration in research and development and promote investment across the entire critical mineral value chain, as well as through the Mineral Security Partnership, of which both the United States and India are members. Both countries have committed to intensifying efforts to deepen cooperation in the exploration, beneficiation, and processing as well as recycling technologies of critical minerals. To this end, the leaders announced the launch of the Strategic Mineral Recovery initiative, a new U.S.-India program to recover and process critical minerals (including lithium, cobalt, and rare earths) from heavy industries like aluminum, coal mining and oil and gas.

    The leaders hailed 2025 as a pioneering year for U.S.-India civil space cooperation, with plans for a NASA-ISRO effort through AXIOM to bring the first Indian astronaut to the International Space Station (ISS), and early launch of the joint “NISAR” mission, the first of its kind to systematically map changes to the Earth’s surface using dual radars. The leaders called for more collaboration in space exploration, including on long duration human spaceflight missions, spaceflight safety and sharing of expertise and professional exchanges in emerging areas, including planetary protection. The leaders committed to further commercial space collaboration through industry engagements in conventional and emerging areas, such as connectivity, advanced spaceflight, satellite and space launch systems, space sustainability, space tourism and advanced space manufacturing.

    The leaders underscored the value of deepening ties between the U.S. and Indian scientific research communities, announcing a new partnership between the U.S. National Science Foundation and the Indian Anusandhan National Research Foundation in researching critical and emerging technologies. This partnership builds on ongoing collaboration between the U.S. National Science Foundation and several Indian science agencies to enable joint research in the areas of semiconductors, connected vehicles, machine learning, next-generation telecommunications, intelligent transportation systems, and future biomanufacturing.

    The leaders determined that their governments redouble efforts to address export controls, enhance high technology commerce, and reduce barriers to technology transfer between our two countries, while addressing technology security. The leaders also resolved to work together to counter the common challenge of unfair practices in export controls by third parties seeking to exploit overconcentration of critical supply chains.

    Multilateral Cooperation

    The leaders reaffirmed that a close partnership between the U.S. and India is central to a free, open, peaceful and prosperous Indo-Pacific region. As Quad partners, the leaders reiterated that this partnership is underpinned by the recognition of ASEAN centrality; adherence to international law and good governance; support for safety and freedom of navigation, overflight and other lawful uses of the seas; and unimpeded lawful commerce; and advocacy for peaceful resolution of maritime disputes in accordance with international law.

    Prime Minister Modi looks forward to hosting President Trump in New Delhi for the Quad leaders’ Summit, ahead of which the leaders will activate new Quad initiatives on shared airlift capacity to support civilian response to natural disasters and maritime patrols to improve interoperability.

    The leaders resolved to increase cooperation, enhance diplomatic consultations, and increase tangible collaboration with partners in the Middle East. They highlighted the importance of investing in critical infrastructure and economic corridors to advancing peace and security in the region. The leaders plan to convene partners from the India-Middle East-Europe Corridor and the I2U2 Group within the next six months in order to announce new initiatives in 2025.

    The US appreciates India’s role as a developmental, humanitarian assistance and net security provider in the Indian Ocean Region. In this context, the leaders committed to deepen bilateral dialogue and cooperation across the vast Indian Ocean region and launched the Indian Ocean Strategic Venture, a new bilateral, whole-of-government forum to advance coordinated investments in economic connectivity and commerce. Supporting greater Indian Ocean connectivity, the leaders also welcomed Meta’s announcement of a multi-billion, multi-year investment in an undersea cable project that will begin work this year and ultimately stretch over 50,000 km to connect five continents and strengthen global digital highways in the Indian Ocean region and beyond. India intends to invest in maintenance, repair and financing of undersea cables in the Indian Ocean, using trusted vendors.

    The leaders recognized the need to build new plurilateral anchor partnerships in the Western Indian Ocean, Middle East, and Indo-Pacific to grow relationships, commerce and cooperation across defense, technology, energy and critical minerals. The leaders expect to announce new partnership initiatives across these sub-regions by fall of 2025.

    The leaders also resolved to advance military cooperation in multinational settings to advance global peace and security. The leaders applauded India’s decision to take on a future leadership role in the Combined Maritime Forces naval task force to help secure sea lanes in the Arabian Sea.

    The leaders reaffirmed that the global scourge of terrorism must be fought and terrorist safe havens eliminated from every corner of the world. They committed to strengthen cooperation against terrorist threats from groups, including Al-Qa’ida, ISIS, Jaish-e Mohammad, and Lashkar-e-Tayyiba in order to prevent heinous acts like the attacks in Mumbai on 26/11 and the Abbey Gate bombing in Afghanistan on August 26, 2021. Recognizing a shared desire to bring to justice those who would harm our citizens, the U.S. announced that the extradition to India of Tahawwur Rana has been approved. The leaders further called on Pakistan to expeditiously bring to justice the perpetrators of the 26/11 Mumbai, and Pathankot attacks and ensure that its territory is not used to carry out cross-border terrorist attacks. The leaders also pledged to work together to prevent proliferation of weapons of mass destruction and their delivery systems and to deny access to such weapons by terrorists and non-state actors.

    People to People Cooperation

    President Trump and Prime Minister Modi noted the importance of advancing the people-to-people ties between the two countries. In this context, they noted that the more than 300,000 strong Indian student community contributes over $8 billion annually to the U.S. economy and helped create a number of direct and indirect jobs. They recognized that the talent flow and movement of students, researchers and employees, has mutually benefitted both countries. Recognizing the importance of international academic collaborations in fostering innovation, improving learning outcomes and development of a future-ready workforce, both leaders resolved to strengthen collaborations between the higher education institutions through efforts such as joint/dual degree and twinning programs, establishing joint Centers of Excellence, and setting up of offshore campuses of premier educational institutions of the U.S. in India.

    Both leaders emphasized that the evolution of the world into a global workplace calls for putting in place innovative, mutually advantageous and secure mobility frameworks. In this regard, the leaders committed to streamlining avenues for legal mobility of students and professionals, and facilitating short-term tourist and business travel, while also aggressively addressing illegal immigration and human trafficking by taking strong action against bad actors, criminal facilitators, and illegal immigration networks to promote mutual security for both countries.

    The leaders also committed to strengthen law enforcement cooperation to take decisive action against illegal immigration networks, organized crime syndicates, including narco-terrorists human and arms traffickers, as well as other elements who threaten public and diplomatic safety and security, and the sovereignty and territorial integrity of both nations.

    President Trump and Prime Minister Modi pledged to sustain high-level engagement between our governments, industries, and academic institutions and realize their ambitious vision for an enduring India-U.S. partnership that advances the aspirations of our people for a bright and prosperous future, serves the global good, and contributes to a free and open Indo-Pacific.

     

    ***

    MJPS/SR

    (Release ID: 2103037) Visitor Counter : 120

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: PM pays homage to the courageous heroes of Pulwama terror attack of 2019

    Source: Government of India (2)

    Posted On: 14 FEB 2025 8:52AM by PIB Delhi

    The Prime Minister Shri Narendra Modi today paid homage to the courageous heroes of Pulwama terror attack of 2019.

    In a post on X, he wrote:

    “Homage to the courageous heroes we lost in Pulwama in 2019. The coming generations will never forget their sacrifice and their unwavering dedication to the nation.”

     

     

    ***

    MJPS/SR

    (Release ID: 2103026) Visitor Counter : 81

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: English translation of Press Statement by Prime Minister Shri Narendra Modi during the India – USA Joint Press Conference

    Source: Government of India

    Posted On: 14 FEB 2025 8:48AM by PIB Delhi

    Your Excellency President Trump,
    Delegates from both countries,
    Friends from the media,

    Hello!

    First of all, I would like to express my heartfelt gratitude to my dear friend, President Trump, for the gracious welcome and hospitality. Through his leadership, President Trump has cherished and revitalized the India-US relationship.

    The enthusiasm with which we worked together in his first term; I felt the same enthusiasm, the same energy and the same commitment today.

    Today’s discussions were a bridge of satisfaction with our achievements during his first term and deep mutual trust. At the same time, there was also a resolve to achieve new goals. We believe that the collaboration and cooperation between India and America can shape a better world.

    Friends,

    Americans are familiar with President Trump’s motto, Make America Great Again, or “MAGA.” The people of India are also moving towards development at a fast pace with the determination of “Viksit Bharat 2047” on the track of heritage and development.

    If I say in the language of America, developed India means Make India Great Again, i.e. “MIGA”. When the United States and India work together, i.e. “MAGA” plus “MIGA”, the “MEGA” Partnership for prosperity is formed. And this mega spirit gives new scale and scope to our goals.

    Friends,

    Today, we have set a target of more than doubling bilateral trade to 500 billion dollars by 2030. Our teams will work on an early conclusion of a mutually beneficial Trade Agreement.

    We will strengthen the oil and gas trade to ensure India’s energy security. Investment in energy infrastructure will also increase.

    In the nuclear energy sector, we also talked about increasing cooperation in the direction of Small Modular Reactors.

    Friends,

    America has an important role in India’s defense preparedness. As strategic and trusted partners, we are actively moving in the direction of joint development, joint production and transfer of technology.

    In the coming time, new technology and equipment will increase our capability. We have decided to launch the Autonomous Systems Industry Alliance.

    The Defence Cooperation Framework will be created for the next decade. Defence inter-operability, logistics, repair and maintenance will also be its main parts.

    Friends,

    The twenty-first century is a technology-driven century. Close cooperation in the technology sector between countries that believe in democratic values can give new direction, strength and opportunities to the entire humanity.

    India and the United States will work together in Artificial Intelligence, Semiconductors, Quantum, Biotechnology, and other technologies.

    Today we have agreed on TRUST, i.e. Transforming Relationship Utilizing Strategic Technology. Under this, emphasis will be laid on creating strong supply chains of critical minerals, advanced materials and pharmaceuticals. It has also been decided to launch a recovery and processing initiative for strategic minerals like lithium and rare earth.

    We have had close cooperation with the US in the field of space. The “NISAR” satellite, built in collaboration with “ISRO” and “NASA”, will soon fly into space on the Indian launch vehicle.

    Friends,

    The partnership between India and the United States underpins democracy and democratic values and systems. We will work together to enhance peace, stability and prosperity in the Indo-Pacific. The Quad will have a special role to play in this.

    In the Quad Summit to be held in India this year, we will increase cooperation with partner countries in new areas. Under the “IMEC” and “I2U2” initiative, we will work together on economic corridors and connectivity infrastructure.

    India and the United States have stood firmly together in the fight against terrorism. We agree that concerted action is necessary to eradicate cross-border terrorism.

    I am thankful to the President that he has decided to hand over the culprit who committed the killings in India in 2008, to India now. Indian courts will now take appropriate action.

    Friends,

    The Indian community in America is an important link in our relationship. To deepen our people-to-people ties, we will soon open new Indian consulates in Los Angeles and Boston.

    We have invited American universities and educational institutions to open off-shore campuses in India.

    President Trump,

    I thank you for your friendship and steadfast commitment to India. The people of India still remember your visit of 2020, and hope that President Trump will come to them once again.

    On behalf of 1.4 billion Indians, I invite you to come to India.

    Thank you very much.

    DISCLAIMER – This is the approximate translation of Prime Minister’s remarks. Original remarks were delivered

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: “Indian culture enriches without erasing, fostering harmony and enduring respect.”- Shri Suresh Soni

    Source: Government of India

    “Indian culture enriches without erasing, fostering harmony and enduring respect.”- Shri Suresh Soni

    International seminar on Monsoon: The Sphere of Cultural and Trade Influence

    Posted On: 13 FEB 2025 11:13PM by PIB Delhi

    During the concluding session of the two-day international seminar ‘Monsoon: The Sphere of Cultural and Trade Influence’, organised by the Indira Gandhi National Centre for the Arts (IGNCA) under ‘Project Mausam’ in collaboration with the Advanced Study Institute of Asia (ASIA), SGT University, Shri Suresh Soni, former Sah-Sarkaryavah of the Rashtriya Swayamsevak Sangh, highlighted that unlike European influence, Indian culture enriched local traditions without causing destruction. He noted that this is why respect for India endures in these regions. Dr. Sachchidanand Joshi, Member Secretary, IGNCA; Dr. Ajith Kumar, Director, Project Mausam; and Prof. Amogh Rai, Research Director, ASIA, SGT University, were also present at the session.

    During his address, Shri Suresh Soni further recounted Nobel Prize winner V. S. Naipaul’s first visit to India while journeying through South Asia, an experience that left an indelible mark on him. Deeply moved by what he witnessed, Naipaul shared his reflections during a meeting in Delhi. He observed that the world’s perception of India is largely shaped by narratives crafted over the last 250 years. However, he noted that much of this portrayal fails to capture the true essence of India. He argued that if the writings from the past 2500 years were brought to the forefront, they would reveal a more authentic and nuanced image of India, reflecting its rich cultural and philosophical heritage.

    He emphasised that Bharat’s interrelations and influences are deeply rooted in a philosophy that has been practised since Vedic times. Despite the diversity in lifestyles since the Vedic age, a holistic perspective reveals an underlying unity. He elaborated that Vedic prayers embody the philosophy of world welfare, accentuating a vision that extends beyond temporal boundaries. When considering Bharat’s influence, especially in South East Asia, one must acknowledge the cultural impact it has had on the region and beyond. Shri Soni advocated for an integrated approach to understanding Bharat’s history and philosophy, highlighting the interconnectedness of various aspects of life. For instance, he illustrated how commerce is intertwined with divinity, reflecting a worldview where all elements are interlinked. He elaborated on temple architecture as an embodiment to this integration, explaining how it symbolically represents the evolution of humanity-from primal instincts to art, aesthetics, spirituality, and ultimately to Nirguna (the formless absolute).

    He concluded by urging that the missing links in Bharat’s historical narrative should be unearthed, as they hold the potential to reveal the depth of its philosophy. This, he argued, would offer a new dimension to the historiography of Bharat. Shri Soni also emphasised the importance of preserving the poetic language of native regions, as it embodies a cultural resonance that must be maintained.  He remarked that this conference is a step in the right direction, as it facilitates the exploration and understanding of Bharat’s profound cultural and philosophical heritage.

    During the concluding session, awards were presented to the paper presenters. The Honorary Mention Award was given to Dr. Saheli Chataraj for her paper titled ‘Zheng He’s Voyages across the Seas: Connecting Trade Routes in Asia and Africa.’ The Best Paper Presentation Award was awarded to Keerthana Girish for her paper titled ‘Harmonies of Hybrid Cultures: The Role of South Indian Music in Shaping South East Asian Cultural Landscapes.’ The Best Paper Award was presented to Juhi Mathur for her paper titled ‘Multifaceted Ramayana in South East Asian History of Masks in Ramayana Plays.’ At the end, Dr. Ajith Kumar, Director of Project Mausam, delivered the vote of thanks. He remarked on the insightful exchange of ideas on the diverse theme of maritime trade in South East Asia, emphasising the cultural and economic connections that have shaped the region for centuries.

    https://pib.gov.in/PressReleasePage.aspx?PRID=2102534

    ****

    Sunil Kumar Tiwari

    pibculture[at]gmail[dot]com

    (Release ID: 2103015) Visitor Counter : 32

    MIL OSI Asia Pacific News

  • MIL-OSI Economics: RBI to conduct 4-day Variable Rate Repo (VRR) auction under LAF on February 17, 2025

    Source: Reserve Bank of India

    On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 17, 2025, Monday, as under:

    Sl. No. Notified Amount
    (₹ crore)
    Tenor (day) Window Timing Date of Reversal
    1 75,000 4 11:00 AM to 11:30 AM February 21, 2025
    (Friday)

    2. Standalone Primary Dealers will be allowed to participate in this auction, along with other eligible participants.

    3. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.

    Ajit Prasad           
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2169

    MIL OSI Economics

  • MIL-OSI Economics: APAC deal activity down by 10.2% YoY in January 2025, says GlobalData

    Source: GlobalData

    The total number of deals announced in the Asia-Pacific (APAC) region fell by 10.2% year-on-year (YoY) in January 2025, with a decline in volume experienced across all the deal types under coverage (comprising mergers & acquisitions (M&A), private equity and venture financing deals), according to GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Deals Database revealed that the total number of deals announced in the APAC region decreased from 1,189 in January 2024 to 1,068 in January 2025. When looking at the breakdown by deal type, the number of M&A deals decreased by 7.8% during January 2025 compared to the same period in the previous year, whereas the volumes of private equity and venture financing deals were down by 4.8% and 12.3% YoY, respectively.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “When looking at the breakdown by key markets, there was a notable variation in deal volumes. Countries like China, South Korea and Australia saw significant decreases in deal volume, whereas there were also some bright spots in certain key markets like India and Japan, which saw improvement in deal activity during this period.”

    China, the largest market in the region by number of deals, saw a significant decline of 30.4% in deal volume in January 2025 compared to January 2024. South Korea and Australia also experienced notable decreases in deal volume, with respective YoY declines of 28.3% and 17.3%. On the other hand, countries like India and Japan saw their respective deal volume improving by 27.3% and 35% YoY during January 2025.

    Bose adds: “The mixed trend across different APAC markets underscores the diverse nature of deal-making activity in the region. The overall decline could be reflective of broader economic challenges and uncertainties in the region. However, the growth in certain key markets like India and Japan indicates pockets of opportunities as well.”

    MIL OSI Economics

  • MIL-OSI Economics: Samsung Launches Bespoke AI Refrigerator Series with AI Features Redefining Smart Cooling

    Source: Samsung

     
    Samsung, India’s largest consumer electronics brand, today launched its latest Bespoke AI Refrigerator series in the 330L & 350L capacity range. This new range combines advanced AI-driven features like AI Energy Mode, AI Home Care and Smart Forward with elegant designs and versatile storage options. Aimed at addressing the unique needs of Indian consumers, the series offers a harmonious blend of functionality, style, and innovation.
    The new Bespoke AI Refrigerators provide smart energy management, improved freshness retention, and active fresh filter, which eliminates upto 99.9% of harmful bacteria, all of which is wrapped in a sleek and customizable exterior. With its durable and energy-efficient Digital Inverter Compressor, backed by a 20-year warranty, the series is poised to redefine modern refrigeration in India.
    “Our Bespoke AI Refrigerator series offer consumers a perfect balance of technology, design, and convenience. From AI-driven energy optimization to innovative cooling and hygiene solutions, this series caters to the evolving lifestyles of Indian families. With stylish finishes and advanced features like Smart Forward, AI Home care, Twin Cooling Plus and Convertible 5-in-1 Modes, we aim to empower our customers with appliances that redefine everyday living,” said Ghufran Alam ,Senior Director, Digital Appliances, Samsung India.
     

    Design, Capacity, Price, and Availability
    Available in Real Stainless, Luxe Black, Elegant Inox, and Black Matt, these refrigerators are designed to seamlessly integrate with contemporary home interiors in capacities of 330L and 350L. This caters to diverse household needs with availability at leading retail stores, e-commerce platforms, and Samsung’s official website.

    AI Energy Mode:
    The AI Energy Mode leverages advanced AI algorithms to optimize energy consumption by analyzing the refrigerator’s usage patterns. This intelligent system identifies peak and off-peak hours of usage, adjusting energy requirements accordingly to achieve up to 10% energy savings. By reducing unnecessary energy usage, it not only ensures cost efficiency for households but also supports sustainable living by lowering carbon footprints. This feature is particularly beneficial for environmentally conscious consumers seeking to balance performance with responsibility.

    SmartThings Home Care:
    SmartThings Home Care offers a seamless integration of real-time monitoring and diagnostics, allowing users to ensure their refrigerator operates at peak efficiency. By comparing past and current performance data, this feature detects potential issues early, minimizing disruptions. Additionally, it provides users with proactive maintenance tips via the SmartThings app, enabling them to extend the lifespan of their refrigerator while ensuring consistent cooling performance. This tool exemplifies Samsung’s commitment to convenience and advanced home care solutions.

    Smart Forward:
    Designed to enhance the interconnected smart home ecosystem, Smart Forward ensures uninterrupted operation by transferring tasks seamlessly between connected devices. For example, in a multi-appliance setup, the refrigerator can communicate with other devices to adjust cooling requirements based on usage. This feature is ideal for users who rely on an integrated home automation system, as it enhances convenience and ensures that every device operates harmoniously for a smarter lifestyle.

    Wi-Fi Enabled Convenience:
    The Wi-Fi-enabled refrigerators redefine convenience by empowering users to control and monitor their appliance remotely via the SmartThings app. Whether it is adjusting the temperature, activating Power Cool or Power Freeze modes, or receiving maintenance notifications, users can manage their refrigerator from anywhere. For instance, while grocery shopping; users can remotely lower the temperature to store perishable items immediately upon returning home. This feature exemplifies modern convenience tailored to dynamic lifestyles.

    Convertible 5-in-1 Modes:
    The Convertible 5-in-1 Modes provide unparalleled flexibility, making these refrigerators suitable for the diverse needs of Indian households. The five modes that range from Normal, Seasonal, Extra Fridge, Vacation, and Home Alone, cater to specific situations. This adaptability ensures optimal energy savings and maximum utility.

    Twin Cooling Plus :
    The Twin Cooling Plus technology is designed to enhance freshness retention and prevent odor mixing. By using two independent evaporators and fans, it maintains separate cooling environments for the fridge and freezer compartments. This results in up to two times longer freshness, with up to 70% moisture retention for fruits and vegetables. By isolating odors, it preserves the natural flavors of stored items. This feature is a game-changer for households looking for prolonged freshness and hygienic storage.

    Active Fresh Filter+:
    The Active Fresh Filter+ system employs advanced activated carbon filtration to maintain clean and hygienic air circulation inside the refrigerator. It eliminates up to 99.99% of bacteria and neutralizes odors, ensuring a sterile environment for food storage. Additionally, it continuously sterilizes and deodorizes the air, offering peace of mind to users who prioritize health and hygiene.

    Power Cool and Power Freeze:
    The Power Cool and Power Freeze functions are designed for rapid cooling and freezing needs. Power Cool lowers the fridge temperature quickly, ideal for chilling beverages or fresh produce on demand. Power Freeze accelerates ice-making and freezing of food items, making it perfect for parties or impromptu gatherings. Together, these features provide quick solutions for busy lifestyles that require efficient refrigeration.

    Digital Inverter Compressor:
    The Digital Inverter Compressor ensures consistent and energy-efficient cooling by automatically adjusting its speed in response to cooling demands. This minimizes wear and tear, reducing noise and power consumption. With a 20-year warranty, the compressor offers unmatched durability and reliability, making it an investment in long-term performance and peace of mind.

    MIL OSI Economics

  • MIL-OSI Economics: Result of the 49-day Variable Rate Repo (VRR) auction held on February 14, 2025

    Source: Reserve Bank of India

    Tenor 49-day
    Notified Amount (in ₹ crore) 75,000
    Total amount of bids received (in ₹ crore) 99,692
    Amount allotted (in ₹ crore) 75,003
    Cut off Rate (%) 6.28
    Weighted Average Rate (%) 6.32
    Partial Allotment Percentage of bids received at cut off rate (%) 57.30

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2158

    MIL OSI Economics

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

    Source: Reserve Bank of India

    Tenor 3-day
    Notified Amount (in ₹ crore) 1,50,000
    Total amount of bids received (in ₹ crore) 1,93,363
    Amount allotted (in ₹ crore) 1,50,016
    Cut off Rate (%) 6.26
    Weighted Average Rate (%) 6.27
    Partial Allotment Percentage of bids received at cut off rate (%) 46.98

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2157

    MIL OSI Economics

  • MIL-OSI Economics: Result of Underwriting Auction conducted on February 14, 2025

    Source: Reserve Bank of India

    In the underwriting auction conducted on February 14, 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)
    6.64% GS 2027 7,000 3,507 3,493 7,000 0.07
    6.79% GS 2034 22,000 11,004 10,996 22,000 0.11
    7.09% GS 2074 10,000 5,019 4,981 10,000 0.18
    Auction for the sale of securities will be held on February 14, 2025.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2156

    MIL OSI Economics

  • MIL-OSI Economics: The 25th Meeting of ASEAN-India Joint Cooperation Committee convenes at ASEAN Headquarters/ASEAN Secretariat 

    Source: ASEAN

    The 25th Meeting of ASEAN-India Joint Cooperation Committee (AIJCC), convened today at ASEAN Headquarters/ASEAN Secretariat in Jakarta, took stock of ASEAN-India cooperation and discussed possible areas of future cooperation to further advance the ASEAN-India Comprehensive Strategic Partnership. 

    Chargé d’Affaires, a.i. of the Permanent Mission of the Philippines to ASEAN, Elizabeth Te, and Ambassador of India to ASEAN, Jayant N. Khobragade, co-chaired the Meeting. The Committee of Permanent Representatives to ASEAN and their respective delegations were in attendance along with representatives from the ASEAN Secretariat. Representative from Timor-Leste attended as observer.  

    The post The 25th Meeting of ASEAN-India Joint Cooperation Committee convenes at ASEAN Headquarters/ASEAN Secretariat  appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI United Nations: 13 February 2025 Feature story Biosimilars: expanding access to essential biologic therapies

    Source: World Health Organisation

    WHO’s role in promoting biosimilars

    The World Health Organization (WHO) recognizes biosimilars as key drivers for expanding global access to essential biological medicines. Through its Essential Medicines List (EML), WHO evaluates and includes quality-assured biosimilars, endorsing them as safe, effective, and cost-effective alternatives to originator biologics​. The WHO prequalification of biosimilars builds confidence for their procurement by the United Nation (UN) agencies and countries, enhancing their availability and affordability. WHO also advocates for non-exclusive voluntary licensing to accelerate affordable biosimilar access and emphasizes the importance of regulatory harmonization, healthcare professional education, and stakeholder collaboration in promoting biosimilar use​ (3).

    Standards for biological products

    Since early 1950s’ WHO has played a pivotal role in establishing norms and standards for biological products. These standards ensure the consistent quality, safety, and efficacy of biological medicines and related in vitro biological diagnostic tests worldwide. The WHO Expert Committee on Biological Standardization (ECBS) collaborates with international scientific and professional communities, regional and national regulatory authorities, manufacturers, and expert laboratories to develop these standards based on international consensus. WHO guidelines and recommendations for biological products cover various aspects, including production, control, and regulatory preparedness. This guidance is crucial for maintaining high standards in the development and use of biological products, including biosimilars. For instance, the guidelines on the quality, safety, and efficacy of biotherapeutic products provide a framework for evaluating biosimilars at country level, ensuring they meet the same rigorous standards as their reference products. WHO also establishes International Biological Reference Materials, which serve as benchmarks for the quality and potency of biological products (i.e. WHO International Reference Standards for Biological Products). These reference materials are essential for standardizing assays and ensuring the comparability of biosimilar products across different regions and manufacturers. WHO emphasizes the importance of regulatory harmonization to facilitate the global adoption of biosimilars.

    Biosimilars in the EML: bridging the gap

    As of 2023, the WHO EML includes 81 biologic therapies, representing over 15% of all listed essential medicines. The inclusion of biosimilars on the EML helps bridge the gap in affordability and availability of these therapies. For example, following the EML recommendation and WHO prequalification of trastuzumab and rituximab biosimilars treatment costs for breast cancer and lymphoma​ have significantly reduced. Countries such as Brazil (4), India (5), and South Africa (6) have successfully expanded patient access through approved biosimilars, demonstrating the practical benefits of these inclusions.

    Evolution of biologic medicines in the EML

    WHO recognizes the importance of expanding access to essential biologic medicines globally. In 2013, bevacizumab (recommended for age-related macular degeneration, a disease of the eye) was the first monoclonal antibody added to the WHO EML, followed by trastuzumab and rituximab in 2015, both indicated against cancer.  

    Trastuzumab has revolutionized breast cancer treatment for human epidermal growth factor receptor 2 (HER2)-positive breast cancer. Since its introduction almost 25 years ago, trastuzumab has significantly improved outcomes for patients with this type of cancer. It is a monoclonal antibody that targets the HER2 protein, which is overexpressed in some breast cancers, and it has been pivotal in reducing recurrence and improving survival rates. Trastuzumab’s impact is reflected in the shift from conventional chemotherapy to targeted therapies, offering more effective and less toxic treatment options. However, with an average annual cost exceeding $20,000 USD, many LMICs faced severe budget constraints, leading to limited use of trastuzumab and poor survival rates for patients. In response, WHO prequalified the first trastuzumab biosimilar in 2019. These biosimilars, offering the same efficacy and safety at approximately 65% lower cost, had the potential to transform breast cancer treatment in LMICs.

    Since then, several trastuzumab biosimilars have been approved or are in development by various companies. These biosimilars have been launched in all WHO regions. The inclusion of these biosimilars on the EML facilitated initiatives such as the Cancer Access Partnership, led by the Clinton Health Access Initiative (CHAI) and the American Cancer Society (ACS), which included biological medicines for the first time.

    Today, equitable global access to trastuzumab biosimilars is gradually being realized. Countries like India and Brazil have swiftly integrated these biosimilars into their national healthcare systems. India, for example, has approved multiple trastuzumab biosimilars, significantly reducing treatment costs and broadening patient access nationwide. Similarly, South Africa has adopted trastuzumab biosimilars into its treatment protocols, enhancing accessibility to essential breast cancer medications for patients. Overall, trastuzumab biosimilars have received market authorization and approval in at least 65 countries, signaling a major step forward in global cancer care (7).  

    As of 2019, trastuzumab biosimilars have received market authorization and approval in over 65 countries (8).

    The 2019 inclusion of adalimumab (recommended for rheumatoid arthritis, juvenile idiopathic arthritis, ankylosing spondylitis and Crohn’s disease) further underscored WHO’s commitment to improving access and affordability through biosimilars​. Over the next few years, WHO has built on this biosimilar precedent by continuing to add further important biologic medicines to the EML and explicitly listing their quality-assured biosimilars as alternatives.

    Removing barriers to adoption

    While biosimilars have made promising inroads into the Model List, concerns have persisted regarding interchangeability and switching between reference biologics and their biosimilar versions. In 2021, after reviewing substantial evidence confirming the safety and efficacy of transitioning patients from original biologics to biosimilars, the WHO recommended that quality-assured biosimilars of listed biologic medicines should also be viewed as interchangeable and considered for national selection and procurement. This recommendation was pivotal for improving real-world access and use, positioning biosimilars as equal to their reference counterparts and affirming confidence in transitioning patients to save costs without compromising care. The committee reinforced this support by recommending the expansion of WHO prequalification to include biosimilars and advocating for their regular evaluation alongside originators (9).

    WHO recommends that quality-assured biosimilars of EML-listed biologic medicines should be viewed as interchangeable and eligible for selection and procurement at the country level for national essential medicines lists.

    Despite their potential, challenges remain in integrating biosimilars in clinical practice across countries and clinical areas. Issues such as concerns about switching between biosimilars and reference products, regulatory complexities, and educational gaps among healthcare professionals necessitate careful consideration (10).

    Current landscape of essential biologic and biosimilar medicines

    The 2023 Model List includes multiple biologics and their biosimilar alternatives across different therapeutic areas:

    Table 1: Biologic medicines and therapeutic alternatives (including quality-assured biosimilars) on the WHO Model Lists.

    Medicine Indication(s)
    Adalimumab
     
    (therapeutic alternatives: certolizumab pegol, etanercept, golimumab, infliximab)
    Ankylosing spondylitis, Crohn disease, juvenile idiopathic arthritis and rheumatoid arthritis
    Anti-rabies virus monoclonal antibodies
     
    Rabies post-exposure prophylaxis
    Asparaginase
     
    Acute lymphoblastic leukemia
    Bevacizumab
     
    Age-related macular degeneration
    Enoxaparin
     
    (therapeutic alternatives: dalteparin, nadroparin)
     
    Acute coronary syndromes
    Venous thromboembolism
    Erythorpoiesis-stimulating agents

    (therapeutic alternatives: epoetin alfa, beta, and theta, darbepoetin alfa, methoxy polyethylene glycol-epoetin beta)
     

    Anaemia of chronic renal disease
    Filgrastim Primary and secondary prophylaxis of febrile neutropenia associated with myelotoxic chemotherapy.
     
    Insulin (human)
    (soluble and intermediate-acting)
     
    Diabetes
    Long-acting Insulin analogues
     
    (therapeutic alternatives: insulin degludec, insulin detemir, insulin glargine)
     
    Diabetes
    Nivolumab
     
    (therapeutic alternative: pembrolizumab)
     
    Metastatic melanoma
    Pegaspargase
     
    Acute lymphoblastic leukemia
    Pegfilgrastim
     
    Primary and secondary prophylaxis of febrile neutropenia associated with myelotoxic chemotherapy.
     
    Rituximab
     
    Burkitt lymphoma, chronic lymphocytic leukaemia, diffuse large B-cell lymphomas, follicular lymphoma, multiple sclerosis
    Trastuzumab
     
    HER2-positive breast cancer

    Economic benefits and WHO recommendations for biosimilar medicines

    The WHO guideline on country pharmaceutical pricing policies includes a strong recommendation for promoting the use of quality-assured generic and biosimilar medicines.

    WHO recommends that countries enable early market entry of generic and biosimilar medicines through legislative and administrative measures, with a view to encouraging early submission of regulatory applications, allowing for prompt and effective review, and ensuring these products are safe, efficacious, and quality-assured (9)

    The WHO guideline also emphasizes the importance of cost-effective procurement strategies to enhance accessibility and sustainability of healthcare systems, particularly in LMICs.

    Challenges and future directions

    Despite the demonstrated benefits, several challenges remain in the broader adoption of biosimilars. Regulatory barriers, lack of awareness among healthcare professionals, and limited manufacturing capabilities in certain regions can hinder the widespread acceptance and utilization of biosimilars​. Addressing these challenges requires coordinated efforts among governments, healthcare providers, and the pharmaceutical industry to promote education, streamline regulatory processes, and invest in local manufacturing infrastructure.

    WHO continues to play a pivotal role in promoting the adoption of biosimilars through its strategic initiatives. WHO emphasizes the importance of regulatory harmonization and supports countries in building robust regulatory frameworks to ensure the quality, safety, and efficacy of biosimilars. Additionally, WHO collaborates with various stakeholders to enhance healthcare professional education and public awareness about the benefits of biosimilars, fostering a more receptive environment for their adoption​.

    References

    1. Agency EM. European Medicines Agency [Internet]. [cited 2024]. Available from: https://www.ema.europa.eu/en/human-regulatory-overview/biosimilar-medicines-overview.
    2. Calleja MA, Albanell J, Aranda E, García-Foncillas J, Feliu A, Rivera F, et al. Budget impact analysis of bevacizumab biosimilars for cancer treatment in adult patients in Spain. European Journal of Hospital Pharmacy. 2023;30(e1):e40.
    3. Burrone E, Gotham D, Gray A, de Joncheere K, Magrini N, Martei YM, et al. Patent pooling to increase access to essential medicines. Bull World Health Organ. 2019;97(8):575-7.
    4. Celltrion. Biosimilar Development [Internet]2019. [cited 2024]. Available from: https://www.biosimilardevelopment.com/doc/celltrion-announces-approval-of-herzuma-trastuzumab-pkrb-in-brazil-0001.
    5. Lopes G. American Society of Clinical Oncology (ASCO) Connection [Internet]2016. [cited 2024]. Available from: https://connection.asco.org/blogs/biosimilars-emerging-markets-india-and-russia.
    6. Pategou J. Biosimilar Development [Internet]2020. [cited 2024]. Available from: https://www.biosimilardevelopment.com/doc/africa-s-biosimilar-landscape-outlook-current-challenges-0001.
    7. CHAI and ACS announce agreement to expand Cancer Access Partnership  [press release]. 2021.
    8. Biocon. Biocon [Internet]2019. [cited 2024]. Available from: https://www.biocon.com/mylan-and-biocon-launch-first-trastuzumab-biosimilar-ogivri-in-australia/.
    9. World Health Organization. WHO guideline on country pharmaceutical pricing policies. World Health Organization; 2020. Available from: https://iris.who.int/handle/10665/335692 

    “,”datePublished”:”2025-02-13T13:00:00.0000000+00:00″,”image”:”https://www.who.int/images/default-source/wpro/vaccines.jpg?sfvrsn=89a81d7f_14″,”publisher”:{“@type”:”Organization”,”name”:”World Health Organization: WHO”,”logo”:{“@type”:”ImageObject”,”url”:”https://www.who.int/Images/SchemaOrg/schemaOrgLogo.jpg”,”width”:250,”height”:60}},”dateModified”:”2025-02-13T13:00:00.0000000+00:00″,”mainEntityOfPage”:”https://www.who.int/news/item/13-02-2025-biosimilars–expanding-access-to-essential-biologic-therapies”,”@context”:”http://schema.org”,”@type”:”NewsArticle”};
    ]]>

    MIL OSI United Nations News

  • MIL-OSI Economics: Money Market Operations as on February 13, 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) 5,60,389.95 6.32 5.15-6.58
         I. Call Money 17,096.91 6.34 5.15-6.50
         II. Triparty Repo 3,75,991.85 6.31 6.24-6.50
         III. Market Repo 1,65,791.99 6.35 6.00-6.58
         IV. Repo in Corporate Bond 1,509.20 6.47 6.45-6.50
    B. Term Segment      
         I. Notice Money** 301.80 6.36 5.90-6.40
         II. Term Money@@ 620.00 6.40-7.95
         III. Triparty Repo 187.00 6.38 6.25-6.40
         IV. Market Repo 782.66 6.60 6.50-6.65
         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, 13/02/2025 1 Fri, 14/02/2025 2,35,619.00 6.26
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Thu, 13/02/2025 1 Fri, 14/02/2025 1,988.00 6.50
    4. SDFΔ# Thu, 13/02/2025 1 Fri, 14/02/2025 54,539.00 6.00
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       1,83,068.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Fri, 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$       8,756.81  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     58,766.81  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     2,41,834.81  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on February 13, 2025 9,06,851.56  
         (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 13, 2025 1,43,346.00  
    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. 2024-2025/2013 dated January 27, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2155

    MIL OSI Economics

  • MIL-OSI USA: Crapo Advocates for Small Businesses in Federal Contracting

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho) joined Senator Jim Risch (R-Idaho) to introduce the Simplifying Subcontracting Act to reduce complexity in federal government contracting and help more small businesses and entrepreneurs pursue contracts.

    “Qualified small businesses and entrepreneurs deserve the same access to federal government contracts as larger entities that currently dominate the contracting market,” said Crapo.  “Simplified, clearer language will improve their access to the federal contracting application process.”

    “Small businesses are vital to our economy but are often left out in federal government contracting due to overly complicated, bureaucratic language,” said Risch.  “The Simplifying Subcontracting Act requires certain federal government contracts to use plain language, enabling more small businesses to compete for these contracts.”

    The Simplifying Subcontracting Acttrue to its name, is a simple, one-page bill that would require federal government contracts to use straightforward language when subcontracting work is given to small businesses.  This legislation mirrors the Plain Writing Act of 2010

    Additional co-sponsors include U.S. Senators John Kennedy (R-Louisiana), Todd Young (R-Indiana) and John Hickenlooper (D-Colorado).

    The Idaho Small Business Development Centers (SBDCs), Idaho Veteran Entrepreneurship Alliance and American Subcontractors Association support the bill.

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    MIL OSI USA News

  • MIL-OSI USA: ICE Indianapolis arrests Venezuelan citizen with ties to Tren de Aragua wanted by Chilean authorities for kidnapping charges

    Source: US Immigration and Customs Enforcement

    February 13, 2025Indianapolis, IN, United StatesOrganized Crime, Transnational Gangs

    INDIANAPOLIS – U.S. Immigration and Customs Enforcement arrested a Venezuelan citizen Feb. 11 wanted by Chilean authorities in connection with a kidnapping.

    “Thanks to the strong collaboration between U.S. law enforcement and our international counterparts, we were able to apprehend this individual, who has connections to dangerous criminal organizations like Tren de Aragua,” said acting ICE Homeland Security Investigations Chicago Special Agent in Charge Dan Johnsen. “Organized crime groups don’t just pose a significant threat to the communities they operate in but also to the safety and security of countries around the world. Our continued partnership with local, federal and global law enforcement is crucial in dismantling these networks and holding those responsible accountable for their crimes.”

    The alien unlawfully entered the U.S. in 2024, bypassing immigration inspection at an undisclosed location in Arizona. Chilean law enforcement authorities issued a warrant for his arrest on charges related to a kidnapping carried out while residing in Chile.

    The suspect remains in ICE custody pending immigration proceedings.

    Members of the public can report crimes or suspicious activity by dialing the ICE Tip Line at 866-DHS-2-ICE (866-347-2423) or completing the online tip form.

    Learn more about ICE HSI’s mission to increase public safety in your community on X at @HSIChicago.

    MIL OSI USA News

  • MIL-OSI Video: President Trump Hosts a Press Conference with Prime Minister Narendra Modi

    Source: United States of America – The White House (video statements)

    President Trump hosts a Press Conference with the Prime Minister of the Republic of India Narendra Modi

    The White House

    https://www.youtube.com/watch?v=B1TBAbMnevs

    MIL OSI Video

  • MIL-OSI USA: Senator Marshall Honors American Flag by Introducing One Flag for All Act

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall

    Washington, D.C. – U.S. Senator Roger Marshall, M.D. (R-Kansas) today led his colleagues in introducing the One Flag for All Act. This legislation prohibits any flag other than the American flag from being flown, draped, or displayed on federal buildings, with certain exceptions. 
    Senator Marshall’s legislation is cosponsored by U.S. Senators Cindy Hyde-Smith (R-Mississippi), Cynthia Lummis (R-Wyoming), and Roger Wicker (R-Mississippi). U.S. Representative Diana Harshbarger (R-Tennessee-1) led the House companion of this bill. 
    The One Flag for All Act was first introduced by Senator Marshall in 2023 following the Biden Administration’s breach of U.S. Flag Code by centering a Pride flag between two American flags on the White House. This bill would ensure that such denigration never happens again. It would expand and codify President Trump’s “One Flag Policy,” barring U.S. outposts at home and abroad from flying any other flag than the Stars and Stripes.
    “Never again should a flag that promotes radical gender ideology be flown, draped, or displayed outside the White House or any other federal building,” said Senator Marshall. “The American flag is our nation’s symbol and should be the primary flag proudly flown over government property. I’m proud to introduce legislation to honor Old Glory and ensure rogue politicians and bureaucrats never deface our sacred symbol again.”
    “Too many brave men and women have given their lives for what our American flag represents—liberty, justice, democracy, and freedom,” said Senator Hyde-Smith. “Those are principles that should stand above any ideological or social movement of the day. It’s a shame that legislation like this is even needed, but it is to ensure the dominance of the United States flag.”
    “Around the globe, the American flag is seen as a symbol of freedom and liberty,” said Senator Lummis. “I’m proud to join Senator Marshall in ensuring that the U.S. flag is always the preeminent public symbol of our country.”
    “Old Glory is the most recognized symbol of strength, freedom, and prosperity in the entire world. American soldiers did not raise our flag at Iwo Jima for it to be disgraced decades later by radical ideologies,” said Representative Harshbarger. “Our flag represents every single American and should never be disgraced on federal public properties by not being the primary flag flown. This legislation accomplishes just that.”
    This legislation exempts the following flags from being flown at covered public buildings:
    ·         National League of Families POW/MIA flag
    ·         Hostage and Wrongful Detainee flag
    ·         Flags representing a visiting diplomat’s or representative’s nation
    ·         Member of Congress’ State flags
    ·         Flags representing a unit or branch of the Armed Forces
    ·         Flags representing religious organizations or churches in limited circumstances
    ·         Flags representing Indian Tribes
    ·         Flags representing the State, territory, county, city, or local jurisdiction in which the building is located
    ·         Flags representing federal agencies
    ·         Flags commemorating a specific national observance, including the 9/11 memorial flag and the Remembrance Day flag
    ·         Flags of historical significance, including the Besty Ross flag, the Gadsden flag, and the Bennington flag

    MIL OSI USA News

  • MIL-OSI United Nations: Second World Summit in Doha Must Advance Humanity’s Fight against Structural Inequalities, Speakers Tell Commission for Social Development

    Source: United Nations 4

    At one of two panel discussions held today by the Commission for Social Development, speakers stressed that the Second World Summit for Social Development must advance humanity’s fight against structural inequalities by promoting quality employment for young people, closing digital divides, addressing the challenges of ageing populations and tackling the climate crisis.

    The Commission — established in 1946 by the Economic and Social Council as one of its functional commissions — advises the United Nations on social development issues, and its sixty-third session will run through 14 February.

    The first panel discussion, titled “Preparations for the World Social Summit under the title of the Second World Summit for Social Development”, focused on the specific needs of various regions ahead of the meeting to take place in November in Doha.  Panellists provided updates collected via various regional consultations and underscored the global summit’s unique opportunity to reset global priorities and build a more sustainable future for all.

    Navid Hanif, Assistant Secretary-General for Economic Development, Department of Economic and Social Affairs, moderated the panel.  “The state of play looks good, but then I ask myself if I were to describe it in two words I would say, not good,” he emphasized.  Around 300 million people will still be living in poverty by 2030 if the world continues the same trajectory.

    “Unless we act with foresight, the gaps we seek to close will only deepen,” said Rola Dashti, Executive Secretary, United Nations Economic and Social Commission for Western Asia (ESCWA).  For the Arab region, social development cannot succeed unless conflict and displacement are addressed.  “Social policies must be designed for resilience,” she went on to stress.  The Arab region also faces a growing divide between the skills needed for emerging industries and those currently being developed through the education system.  The Summit in Doha must ensure employment policies are fit for the future.  The political declaration to come out of that meeting must promote policies that enable all generations to contribute meaningfully to economic and social progress.  The digital divide in the Arab region remains significant, she also underscored, noting the gap between men and women, and urban and rural communities.

    Laura Thompson, Assistant Director-General for External and Corporate Relations, International Labour Organization (ILO), said that the opportunity to renew the global social contract should be an invitation to all Member States to uphold social justice principles.  “Technological innovations create both challenges and opportunities, and monitoring their impact and optimizing their potential for decent work creation is critical,” she added.  One in five young persons in the world is neither in employment, education or training.  The rate is almost 26 per cent for young women.  “This is a personal drama for the young person concerned, but also a waste of assets for national development plans,” she added.

    Magdalena Sepúlveda Carmona, Director, United Nations Research Institute for Social Development (UNRISD), said that environmental degradation, including climate change and biodiversity loss, is widely recognized as a cross-cutting issue affecting livelihoods, health and equity.  More specifically in Africa, formality, lack of social protection and labour rights, youth unemployment, gender inequality and climate change are all considered to be major challenges.  Meanwhile, Asia faces significant structural challenges, including a digital device, ageing population and climate related risk.  For Latin America and the Caribbean region, structural inequalities, backlash against progressive policies, weakened democratic governance and climate change risk are challenges most identified.  The political declaration must mobilize resources towards achieving universal rights to ensure access to adequate income and social assistance.

    Srinivas Tata, Director of the Social Development Division of Economic and Social Commission for Asia and the Pacific (ESCAP), said that the region is undergoing an unprecedented demographic transition.  The number of older persons — 65 years or above — is expected to nearly double from 500 million in 2024 to almost 1 billion in 2050.  “Yet, there are many countries in the region which are still having a youth bulge, and so we also need to pay specific attention to the needs of the youth,” he added.  It is estimated that 42 million people in the region were pushed into extreme poverty in 2020 compared with pre-pandemic levels.  “We really suffered during the COVID-19 pandemic,” he added, expressing alarm that in many countries in the Asia region fewer than 50 per cent of the population are covered by any form of social protection.

    Rodrigo Martinez, Senior Social Affairs Officer, Economic Commission for Latin America and the Caribbean (ECLAC), said that all people must achieve a life free of poverty and have access to economic growth and freedom and dignity.  Every person must be able to fully exercise their economic, social and cultural rights.  “Poverty and hunger are two persistent but surmountable scourges,” he added.  “Inequality, in its multiple dimensions, represents a trap for development,” he also emphasised.  People must be able to access the labour market, decent working conditions, education and healthcare.  On urbanization, he urged Governments to also expand access to energy, water and sanitation.

    In the afternoon, the Commission held a multi-stakeholder forum on achieving the Sustainable Development Goals (SDGs) through the “social and solidarity economy”, which encompasses a wide range of organizations, including cooperatives, mutual societies, associations, foundations and social enterprises, that prioritize people and communities over profit.

    Moderating the discussion was Konstantinos Papadakis, Principal Social Affairs Officer at the United Nations Department of Economic and Social Affairs, who recalled the General Assembly resolutions on cooperatives and the social and solidarity economy in 2022 and 2023, respectively.  He also noted that 2025 marks the International Year of Cooperatives, observed under the theme “Cooperatives Build a Better World”.  He then introduced three panellists, who shared their experiences and actions taking place in their countries.

    Carlos Jorge Paris Ferraro, Vice-Minister for Social Policies at the Ministry of Social Development of Paraguay, said that while the social economy was not a public policy in his country until 2024, such an idea has historically existed in indigenous communities whose economies are marked by reciprocity.  They were able to create a self-sufficient solidarity economy during the colonial period.  Currently, peasant organizations and family agriculture include this culture of solidarity and reciprocity.  In Paraguay, the social and solidarity economy accounts for 12 per cent of the gross domestic product (GDP), with cooperatives producing 72 per cent of dairy products and 24 per cent of meat for export.  About 500,000 small- and medium-size enterprises are members of cooperatives.  In a country with only 6 million people, “the cooperative sector is gigantic and is growing”, he said.  He then detailed several national initiatives, such as cash transfers to preserve forests or to plant trees that benefited 268 families.  To promote this growth model, the Government created the Department for the Social and Solidarity Economy within the Ministry of Social Development.

    Ankhbayar Nyamdorj, Permanent Representative of Mongolia to the United Nations, said that his country in April 2024 launched the “New Cooperative” programme under its “New Recovery Policy” to enhance agriculture, particularly risk-resistant livestock husbandry through cooperatives.  The programme aims to stabilize herders’ income, improve social security and boost the livestock sector’s climate resilience.  By the end of 2024, it had reached 16,009, or 6.4 per cent, of Mongolia’s 247,900 herder families.  Government efforts include establishing a National Committee led by the Deputy Prime Minister, granting $200 million in investment loans, and subsidizing $9.27 million in interest.  Loans support breeding animal purchases, facility expansion and dairy/meat production.  Training programmes engaged 1,500 cooperative members, while forums promoted development strategies.  Public outreach reached 1 million citizens.  Future plans include model cooperatives, national insurance integration and food safety standards.  Challenges include strengthening the “social and solidarity economy” capacities, enhancing research and fostering public-private partnerships.  Mongolia also shared experiences internationally, such as at the Global Cooperative Conference in India, he added.

    Maxime Baduel, Ministerial Delegate for the Social and Solidarity Economy at the Ministry of the Economy, Finance and Industrial and Digital Sovereignty of France, said that the social and solidarity economy is imbued with equality, justice and cooperation. In his country, it represents 10 per cent of GDP.  “The strength of this French ecosystem also lies in its legislative framework,” he said, noting how laws are designed to encourage organizations like cooperatives. Developing the social and solidarity economy is “a strong lever” to meet the SDGs, and it should be encouraged by the Commission.  In conclusion, he stressed the importance of establishing a legislative regulatory framework to “give a structure to this ecosystem”, as well as the need to ensure that they are resourced financially and capacity-building instruments are in place. It is also vital to promote these structures with financial institutions and create public policies in line with the social and solidarity economy, he emphasized.

    MIL OSI United Nations News