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Category: India

  • MIL-OSI Asia-Pac: COMPLETION OF MEHAR BABA COMPETITION-II

    Source: Government of India (2)

    Posted On: 11 FEB 2025 11:52AM by PIB Delhi

     IAF has been steering the second version of MBC-II. The competition was launched on 06 Apr 22 by honourable Raksha Mantri with theme as “Swarm Drone Based System to Detect Foreign Objects on Aircraft Operating Surfaces”. It got concluded on 29 Jul 24.

    Four out of initial 129 applicants, were shortlisted as finalists after rigorous assessments by a nominated Committee of Experts (CoE). It comprised of domain experts from IAF as well as civil institutes. The competition was held in four phases of which last phase was conducted in Jul 24. Based on the assessment, Ayaan Autonomous Systems Pvt Ltd, Pune and Fleet RF Pvt Ltd, Greater Noida, have been declared as winner and first runner up respectively.

    IAF is undertaking niche technology development in the turf of Unmanned and autonomous aerial vehicles through its innovative initiative Mehar Baba Competition (MBC). The MBC is forerunner in bridging the gap between Indian industry, academia, and users by providing them common platforms.

    The competition has successfully forged a robust ecosystem, resulting in the capture of orders amounting more than thousand cores over the past three years from various industries including armed forces. This economic success is not just a testament to the MBC-II competitiveness but also underscores the potential for significant growth in the drone sector. An equally commendable achievement is the employment generation of thousands of individuals, predominantly fresh graduates from colleges and academia. The competition serves as a beacon, guiding the way for future advancements in UAV technology and reinforcing India’s position on the global stage and Honourable PM’s vision of Indian being a Global drone hub by 2030.

    ***

    VK/JS/IK

    (Release ID: 2101617) Visitor Counter : 68

    MIL OSI Asia Pacific News –

    February 12, 2025
  • MIL-OSI Asia-Pac: Defence Secretary holds bilateral meetings on the sidelines of Aero India 2025

    Source: Government of India

    Posted On: 11 FEB 2025 11:51AM by PIB Delhi

    Defence Secretary Shri Rajesh Kumar Singh held a bilateral meeting with Minister for the House of Lords, UK Lord Vernon Coaker on the sidelines of 15th Aero India in Bengaluru on February 11, 2025. They briefly reviewed the ongoing defence cooperation, particularly industrial collaboration, and the ongoing engagements in the maritime domain. They expressed satisfaction over the beginnings being made in key cooperation areas such as Electric Propulsion and aero engines. 

    Earlier, the Defence Secretary co-chaired a UK-India Business Council roundtable meeting with Lord Coaker and British High Commissioner to India Ms Lindy Cameron. This roundtable discussed the opportunities for Indian & UK defence companies to work together on ongoing and future joint projects. A large number of UK defence industries attended the roundtable while Indian industry was represented by the Society of Indian Defence Manufacturers leadership. 

    The Defence Secretary also held a bilateral meeting with Under Secretary of State for Defence, Italy Mr Matteo Perego Di Cremnago. They discussed ways & means to enhance the defence cooperation activities, including increased maritime and air exchanges, and joint project opportunities for Indian & Italian companies.

     ***

    SR/Savvy

    (Release ID: 2101615) Visitor Counter : 16

    MIL OSI Asia Pacific News –

    February 12, 2025
  • MIL-OSI Asia-Pac: Union Home Minister and Minister of Cooperation Shri Amit Shah chairs Parliamentary Consultative Committee for Ministry of Home Affairs on ‘Cyber Security and Cyber Crime’ in New Delhi

    Source: Government of India

    Union Home Minister and Minister of Cooperation Shri Amit Shah chairs Parliamentary Consultative Committee for Ministry of Home Affairs on ‘Cyber Security and Cyber Crime’ in New Delhi

    Under the leadership of Modi Ji, the country is witnessing a ‘digital revolution’, to face the challenges of cyber security one needs to understand its size and scale

    AI will be used to identify and close the mule accounts before they are made operational

    To prevent cybercrime, Home Minister stresses on raising awareness on Modi Ji’s mantra of ‘Stop-Think-Taje Action’

    Modi government is moving forward with a four-pronged strategy to tackle cybercrimes: Convergence, Coordination, Communication, and Capacity

    Union Home Minister says that to prevent cybercrimes, there should be a greater focus on increasing awareness among the public and promoting the Cyber Helpline ‘1930’

    The three basic elements of cyberspace – software, services, and users are important in tackling cyber frauds

    The members gave suggestions on issues related to ‘Cyber Security and Cyber Crime’ and appreciated the steps taken by the Govt.

    Posted On: 11 FEB 2025 11:41AM by PIB Delhi

    Union Home Minister and Minister of Cooperation Shri Amit Shah  chaired a meeting of the Parliamentary Consultative Committee for the Ministry of Home Affairs on the topic of ‘Cyber Security and Cyber Crime’ in New Delhi. The meeting was attended by Union Minister of State for Home Affairs Shri Nityanand Rai, Shri Bandi Sanjay Kumar, members of the Committee, the Union Home Secretary, and senior officials of the Ministry of Home Affairs. The committee discussed various issues related to ‘Cyber Security and Cyber Crime’ during the meeting.

    Addressing the meeting, Union Home Minister Shri Amit Shah said that in recent years, there has been an expansion of digital infrastructure in India, which has naturally led to an increase in the number of cyber attacks. He said that when we look at cyberspace from a different perspective, it forms a complex network of ‘software,’ ‘services,’ and ‘users.’ He emphasized that until we consider controlling cyber fraud through ‘software,’ ‘services,’ and ‘users,’ it will be impossible to resolve the issues of cyberspace. Shri Shah further mentioned that under the leadership of Prime Minister Shri Narendra Modi, the Ministry of Home Affairs has taken several significant steps towards making India a cyber-safe nation.

    Shri Amit Shah said that cybercrime has erased all geographical boundaries. He stated that it is a ‘borderless’ and ‘formless’ crime, as it has no limits or fixed form. He mentioned that India has witnessed a ‘digital revolution’ in the last decade. Without understanding the size and scale of the ‘digital revolution,’ we cannot face the challenges in the cyber domain.

    Union Home Minister said that today, 95 per cent villages in the country are digitally connected, and one lakh gram panchayats are equipped with Wi-Fi hotspots. In the past ten years, the number of internet users has increased by 4.5 times. He mentioned that in 2024, a total of 246 trillion transactions worth ₹17.221 lakh crore were made through UPI. In 2024, 48 per cent of the global digital transactions took place in India. He also said that in terms of the startup ecosystem, India has become the third-largest country in the world. In 2023, the contribution of the digital economy to the Gross Domestic Product (GDP) was around ₹32 lakh crore, which is 12 per cent, and nearly 15 million jobs were created.

    Shri Amit Shah said that today India has become the third-largest country in terms of digital landscape in the world. The digital economy contributes 20 per cent to the total economy of India. He also mentioned that the Ministry of Home Affairs’ goal is to ensure zero cybercrime cases and their FIRs.

    Union Home Minister said that to tackle cybercrime, we have adopted four types of strategies, which include Convergence, Coordination, Communication, and Capacity. All of these are being implemented with clear objectives and a strategic approach. He mentioned that inter-ministerial and inter-departmental coordination within the Ministry of Home Affairs has been strengthened, ensuring seamless communication and smooth flow of information.

    Shri Amit Shah said that a healthy tradition of exchange of information between the Ministry of Home Affairs, the Ministry of Electronics and IT, CERT-IN, I4C, and departments like Telecom and Banking has led to successfully tackling many cybercrime cases.

    Union Home Minister emphasized the importance of raising awareness among the public to prevent cybercrime and requested all the members of the committee to promote the I4C helpline number 1930. He stated that in light of cyber financial fraud, the ‘1930’ helpline provides a one-point solution offering various services, such as blocking cards.

    Shri Amit Shah said that efforts are underway to use Artificial Intelligence for identifying mule accounts, in coordination with the Reserve Bank and all banks, to establish a system for their detection. He mentioned that we will ensure the closure of mule accounts before they are even operational. Union Home Minister stated that the government has also ensured that people are made aware of Prime Minister Shri Narendra Modi’s mantra ‘STOP-THINK-TAKE ACTION’ in order to make them more vigilant against cybercrimes.

    Union Home Minister stated that a total of 1 lakh 43 thousands FIRs have been registered on the I4C portal, and over 19 crore people have used this portal. He mentioned that, for national security reasons, 805 apps and 3,266 website links have been blocked based on I4C’s recommendations. Additionally, 399 banks and financial intermediaries have come on board. Over 6 lakh suspicious data points have been shared, more than 19 lakh mule accounts have been caught, and suspicious transactions worth ₹2,038 crore have been prevented.

    Shri Amit Shah said that Cyber Crime Forensic Training Labs have been established in 33 states and union territories. On the ‘CyTrain’ platform, a “Massive Open Online Course (MOOC)” platform, 101,561 police officers have registered, and over 78,000 certificates have been issued.

    The committee members gave their suggestions on issues related to ‘Cyber Security and Cyber Crime’ and appreciated the important steps taken by the government for enhancing cyber security.

    ***

    RK/VV/ASH/PR/PS

    (Release ID: 2101613) Visitor Counter : 46

    Read this release in: Hindi

    MIL OSI Asia Pacific News –

    February 12, 2025
  • MIL-OSI Asia-Pac: DRDO showcases indigenously developed state-of-the-art technologies and systems, working models and innovations at Aero India 2025

    Source: Government of India

    DRDO showcases indigenously developed state-of-the-art technologies and systems, working models and innovations at Aero India 2025

    Full-scale model of India’s first 5.5 Gen stealth aircraft Advanced Medium Combat Aircraft (AMCA) is on display

    Seminar on ‘DRDO Industry Synergy towards Viksit Bharat: Make in India – Make for World’ to foster industry engagement, promote self-reliance in defence and provide boost to defence exports

    Posted On: 11 FEB 2025 10:47AM by PIB Delhi

                Defence Research and Development Organisation (DRDO) with an endeavour to integrate various stakeholders of defence R&D ecosystem in the country, is participating in the 15thedition of Aero India during February 10-14, 2025 at the Air Force Station Yelahanka, Bengaluru. It will feature indigenously developed state-of-the-art technologies and systems, working models and innovations in all formats, i.e., Indoor Pavilion, Outdoor Displays, India Pavilion and Flying display.

    DRDO for the first time is showcasing a full-scale model of India’s first 5.5 Gen stealth aircraft Advanced Medium Combat Aircraft (AMCA) equipped with cutting-edge features at the India Pavilion. This Pavilion at Aero India 2025 will showcase India’s commitment to its Make-in-India initiative by displaying indigenous defence manufacturing capabilities and cutting-edge technologies ready for the global stage. The pavilion exemplifies the combined strength of India’s private industries, Defence PSUs, start-ups, and DRDO.

    Apart from this, visitors to this Pavilion will gain insight from 16 other DRDO developed products and technologies being displayed such as Twin Engine Deck Based Fighter (TEDBF); LCA Mk-2 Model; Air Droppable Container (ADC) -150; Advanced Light Weight Torpedo; Kaveri Derivate Aero Engine without afterburner , Naval Anti-ship missile – Medium Range and various other missiles.

                DRDO indoor pavilion at Hall-D at Aero India is meticulously divided into 9 themes, encompassing core areas of defence innovation. The themes are: ‘Airborne Surveillance Solutions’, ‘Naval Warfare’, ‘Next-Generation Missile Systems’, ‘Supremacy in the Skies – ADA’s 5th Gen Leap’, ‘Unmanned Aerial Systems’, ‘RadarScape: Mapping the Invisible’, ‘Maritime Sentinel: A New Era of Surveillance & Safety’, ‘Sensors Suite for Fighter Aircraft’ and ‘Rakshak’. The Pavilion is displaying over 330 products which are categorised into 14 technology zones. It will provide an in-depth exploration of key defence areas, namely Advanced Materials & Composites; Surveillance & Reconnaissance Technology; Antenna & Microwave Technology; Soldier Support Systems; Combat Aircraft Technology; Corporate Directorates; Micro Electronic Devices, Computational Systems and Cyber Security; Land Systems & Munitions; Missile Technology; Next-Gen Combat Vehicles & Tactical Mobility; Photonics, Laser and Quantum Technology; Electronic Warfare & Communication; Simulation & Training Technology; and Aero Propulsion Technology. The indoor pavilion is also displaying the products developed under Technology Development Fund (TDF) Scheme being executed by DRDO.

    The outdoor segment of DRDO pavilion is designed to demonstrate the real-world application of cutting-edge defence technologies featuring full-scale model of QRSAM Mobile Launcher Vehicle, Akash NG Launcher; Archer UAV 1:1 (Rustom-1); Air Droppable Survival and Rescue Kit (SARK); Emergency Escape Parachute System for Air Crew (EEPSA); Military Combat Parachute System (MCPS); Vehicle Mounted Jammer; Anti UAV (JAU) Entity of Project DHARASHAKTI, and VHF Radar. The demonstration of Dornier aircraft’s midlife upgrade is one of the main highlights of DRDO’s participation at the Aero Show. The upgraded Dornier is showcasing enhanced avionics, better fuel efficiency, advanced radar systems, enhanced manoeuvrability, integrated surveillance systems, and improved electronic warfare capabilities, reinforcing its role as a dependable asset of the Indian Air Force.

    DRDO will conduct a seminar with the theme ‘DRDO Industry Synergy towards Viksit Bharat: Make in India – Make for World’ at Hall No. 2 on February 11, 2025. The seminar will foster industry engagement, promote self-reliance in defence and provide a boost to defence exports. Members of Academia, Indian Private Industry, StartUps, PSUs, and DRDO will participate in this seminar. Raksha Mantri, Shri Rajnath Singh will inaugurate the event and will release the Revised Policy for ToT, DRDO Policy for Harnessing Innovative Startups in Defence R&D and Compendium of DRDO Products for Export. During the seminar, Handing Over of Licensing Agreement for Transfer of Technology (LATOT) to Industries will also take place. At the event, Secretary DDR&D and Chairman DRDO Dr. Samir V Kamat will chair a panel discussion on Opportunities for Industries in Defence Export to foster a collaborative environment for enhancing defence exports.

    Under the banner of Aero India 2025, an Indigenisation & Valedictory event themed as ‘SAMARTHYA’ will be organised on February 12 by Department of Defence Production (DDP), to recognise and felicitate the contributors of Indigenously developed cutting edge technologies. Five DRDO developed products have been recognised to be showcased and Team leader of these products will be felicitated by the Raksha Mantri.   The details are:

    1. Shri Y Dilip, Director ADE Bengaluru for Computerised Pilot Selection System (CPSS)
    2. Dr MSY Siva Prasad, PD RudraM II, RCI Hyderabad
    3. Ms M Backialakshmi, CABS Bengaluru for Automatic Dependent Surveillance Broadcast (ADS-B) Receiver
    4. Smt T Sirisha, RCI, for Naval Anti-Ship Missile–Short Range
    5. Shri Vishal Dwivedi, CFEES Delhi for Fire Wire for Integrated Fire Detection and Suppression System for BMP, T-72 and T-90.

    As a prelude to Aero India, DRDO also organised the 15th edition of the Biennial Aero India International Seminar in association with the Aeronautical Society of India (AeSI) during February 8-9, 2025 in Bengaluru. The theme of the seminar was ‘Futuristic Aerospace Technologies: Challenges in Design Validation’, covering emerging trends in futuristic aerospace technologies and military airworthiness & certification: challenges in design and testing. This seminar provided valuable insights about cutting-edge technologies, a platform to explore collaborative research opportunities and forge strategic partnerships, while advancing the future of aerospace and defence technologies.

    DRDO’s exhibition at Aero India 2025 is an excellent opportunity for the Indian aerospace community to foster the cause of indigenous development of military systems and technologies with the spirit of self-reliance & national pride. Working towards the vision of Samarth and Shashakt Bharat, DRDO is developing the indigenous capabilities of the country by equipping the Armed Forces with state-of-the-art technologies/equipment, and bolstering the defence sector through collaboration with the private sector.

    *****

    VK/SR/KB

    (Release ID: 2101598) Visitor Counter : 76

    MIL OSI Asia Pacific News –

    February 12, 2025
  • MIL-OSI Asia-Pac: Raksha Rajya Mantri holds a series of bilateral meetings on the sidelines of Aero India 2025

    Source: Government of India

    Posted On: 11 FEB 2025 7:45AM by PIB Delhi

    Raksha Rajya Mantri Shri Sanjay Seth held a series of bilateral meetings on the sidelines of 15thAero India in Bengaluru on February 10, 2025. In his meeting with Under Secretary of State for Defence, Italy Mr Matteo Perego Di Cremnago, both Ministers reviewed the various facets of bilateral defence cooperation including discussion about India’s growing capabilities in manufacturing equipment and development of indigenous systems. They reaffirmed their commitment to strengthen the ties in all spheres.

    During the meeting with Minister for the House of Lords, UK Lord Vernon Coaker, both Ministers reviewed the bilateral defence cooperation and pledged to strengthen the relations. They also reiterated their commitment to work bilaterally and with other partners for peace, prosperity and rules-based world order, specifically in the Indo-Pacific & Indian Ocean Region wherein cooperation would ensure freedom of navigation and rule of law in the maritime & other domains.

    In his meeting with the Minister in Prime Minister’s Office (Defence and Security), Lesotho Mr Limpho Tau, both Ministers discussed the immense potential available in the field of defence exports and ways to expand the cooperation.

    *****

    SR/Savvy

    (Release ID: 2101574) Visitor Counter : 26

    MIL OSI Asia Pacific News –

    February 12, 2025
  • MIL-OSI Economics: All Agency Banks to remain open for public on March 31, 2025 (Monday)

    Source: Reserve Bank of India

    RBI/2024-25/112
    DOR.CO.SOG(Leg) No.59/09.08.024/2024-25

    February 11, 2025

    All Agency Banks

    Madam / Dear Sir

    All Agency Banks to remain open for public on March 31, 2025 (Monday)

    The Government of India has made a request to keep all branches of the banks dealing with Government receipts and payments open for transactions on March 31, 2025 (Monday-Public Holiday) so as to account for all the Government transactions relating to receipts and payments in the Financial Year 2024-25 itself. Accordingly, Agency Banks are advised to keep all their branches dealing with government business open on March 31, 2025 (Monday).

    2. Banks shall give due publicity about the availability of above banking services on this day.

    Yours faithfully

    (Sunil T S Nair)
    Chief General Manager

    MIL OSI Economics –

    February 12, 2025
  • MIL-OSI Security: U.S. Navy, 30+ Partners Commence International Maritime Exercise (IMX) 2025

    Source: United States Naval Central Command

    MANAMA, Bahrain —

    The Middle East region’s largest maritime exercise, International Maritime Exercise (IMX) 2025, kicked off in two locations, Bahrain and Jordan, Feb. 10.

    The week began with academic discussions covering a series of topics including the naval planning process, maritime operations center procedures, and disaster response coordination.

    IMX25 is a 12-day naval training event hosted by U.S. Naval Forces Central Command (NAVCENT). This year’s iteration of IMX is linked with exercise Cutlass Express. Cutlass Express, led by U.S. Naval Forces Europe-Africa, is an annually scheduled exercise designed to enhance regional maritime awareness and the combined capabilities of partner nations to respond to maritime threats. The exercises are link through information sharing between maritime operations center to strengthen theater-to-theater coordination, reducing regional seams and strengthening U.S. and partner nation capabilities and interoperability.

    More than 5,000 personnel from more than 35 nations and international organizations will take part in both exercises.

    IMX is designed to demonstrate global resolve in preserving the rules-based international order, offering a unique opportunity for participants to collaborate and showcase regional maritime security cooperation.

    “Exercises like IMX show that we are at our best when we work together and that our resolve is unwavering,” said U.S. Navy Rear Adm. Jeff Jurgemeyer, NAVCENT vice commander, during his remarks at the opening ceremony. “The Middle East region is a critical crossroads for worldwide commerce and trade. IMX is our combined assurance that the potential for economic success is greatest when international waterways are safe and open for all.”

    The operational phase will include partner exchanges on mine and countermeasures; visit, board, search and seizure; unmanned systems and artificial intelligence integration; explosive ordnance disposal; vessel defense; search and rescue; and mass casualty response, among other focus areas.

    This is the ninth iteration of IMX since its establishment in 2012.

    The U.S. 5th Fleet area of operations encompasses nearly 2.5 million square miles of water area and includes the Arabian Gulf, Gulf of Oman, Red Sea, parts of the Indian Ocean and three critical choke points at the Strait of Hormuz, Suez Canal and Bab al-Mandeb.

    More information about IMX is available at: https://www.cusnc.navy.mil/IMX/.

    MIL Security OSI –

    February 11, 2025
  • MIL-OSI United Kingdom: Applications invited for special UK visa route

    Source: United Kingdom – Executive Government & Departments

    The UK-India Young Professionals Scheme (YPS) 2025 ballot will open next week.

    The UK-India Young Professionals Scheme (YPS) 2025 ballot will open next week. This bespoke visa scheme offers Brits and Indians the unique opportunity to live, study, travel, and work in the other country for up to two years.

    Indian nationals aged 18 to 30 must enter the ballot on gov.uk to be considered for one of the 3,000 spots available under the scheme. The ballot is scheduled to open on 18 February and close on 20 February. Applicants do not need to pay to enter the ballot, and successful entries will be picked at random.

    Applicants must be at least 18 years old on the date they plan to travel to the UK. They must also have a qualification at UK bachelor’s degree level or above and have proof of £2,530 in savings to support themselves in the UK. Applicants should ensure they meet all eligibility requirements before entering the ballot.

    Lindy Cameron, British High Commissioner to India, said:

    The Young Professionals Scheme is an excellent programme which helps build a modern understanding of our countries among Brits and Indians alike. I strongly encourage people from all corners of the country to apply – from Itanagar to Coimbatore, from Leh to Surat, and from Bhubaneshwar to Indore.

    Further information

    • launched in February 2023, the UK-India Young Professionals Scheme (YPS) is a bespoke, reciprocal scheme under which UK and Indian nationals who are aged 18 to 30 can live, study, travel and work in the other country for up two years. The opening of the ballot will be announced on GOV.UK. See eligibility conditions for entering the YPS ballot

    • the YPS ballot for Indian nationals wanting to travel to the UK is free to enter. Those selected from the ballot will be notified via email within two weeks of the ballot closing and will be invited to apply for the visa. They will then have 90 days from the date of the email informing them of their success in the ballot to make an application to the UK Home Office via the online application form, provide their biometrics and pay all associated fees, including the visa application fee and immigration health surcharge

    • selected applicants must mandatorily return to India after completing two years in the UK under this scheme

    • there were over 2,100 YPS visas issued to Indian nationals in the year ending December 2023

    • all UK visa customers should beware of visa agents or any such agencies that promise a visa under this scheme by paying money. See guidance on protecting yourself from any kind of visa and immigration fraud

    • official guidance for Brits looking to travel to India under the scheme can be found on the website of the High Commission of India in London

    Media

    For media queries, contact:

    David Russell, Communications Counsellor and Spokesperson,
    British High Commission, Chanakyapuri,
    New Delhi 110021. Tel: 24192100

    Media queries: BHCMediaDelhi@fcdo.gov.uk

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    Updates to this page

    Published 11 February 2025

    MIL OSI United Kingdom –

    February 11, 2025
  • MIL-OSI Economics: Result of the Daily Variable Rate Repo (VRR) auction held on February 11, 2025

    Source: Reserve Bank of India

    Tenor 1-day
    Notified Amount (in ₹ crore) 2,00,000
    Total amount of bids received (in ₹ crore) 2,03,022
    Amount allotted (in ₹ crore) 2,00,036
    Cut off Rate (%) 6.26
    Weighted Average Rate (%) 6.27
    Partial Allotment Percentage of bids received at cut off rate (%) 97.01

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2126

    MIL OSI Economics –

    February 11, 2025
  • MIL-OSI Economics: Money Market Operations as on February 10, 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) 5,66,515.61 6.28 5.00-6.75
         I. Call Money 12,879.97 6.32 5.15-6.45
         II. Triparty Repo 3,80,693.90 6.25 5.95-6.35
         III. Market Repo 1,71,142.14 6.35 5.00-6.60
         IV. Repo in Corporate Bond 1,799.60 6.53 6.40-6.75
    B. Term Segment      
         I. Notice Money** 1,280.50 5.92 5.90-6.35
         II. Term Money@@ 597.50 – 6.35-6.60
         III. Triparty Repo 724.60 6.34 6.20-6.45
         IV. Market Repo 328.11 6.36 6.35-6.40
         V. Repo in Corporate Bond 585.00 8.00 8.00-8.00
      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 Mon, 10/02/2025 1 Tue, 11/02/2025 2,01,310.00 6.26
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Mon, 10/02/2025 1 Tue, 11/02/2025 4,125.00 6.50
    4. SDFΔ# Mon, 10/02/2025 1 Tue, 11/02/2025 67,439.00 6.00
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       1,37,996.00  
    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$       8,328.42  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     58,338.42  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     1,96,334.42  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on February 10, 2025 9,13,487.07  
         (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 10, 2025 1,25,736.00  
    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: 2024-2025/2125

    MIL OSI Economics –

    February 11, 2025
  • MIL-OSI USA: Crapo, Risch Introduce Constitutional Amendment to Prevent Supreme Court Packing

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo
    Washington, D.C.–U.S. Senators Mike Crapo and Jim Risch (R-Idaho) joined Senator Ted Cruz (R-Texas) in introducing a constitutional amendment to maintain a total of nine Supreme Court justices on the bench at one time.
    Once approved by Congress, the amendment would go to the states for ratification.
    “Throughout our nation’s history, the Supreme Court has successfully safeguarded our Constitution,” said Crapo.  “Packing the Court would unnecessarily increase partisanship within the institution, creating greater challenges in settling the pressing cases that matter to Americans in a constitutional and just way.”
    “Democrats’ attempts to pack the Supreme Court with radical appointees undermines our democracy and American confidence in our judicial system,” said Risch.  “The Keep Nine Constitutional Amendment would ensure justices focus on upholding the rule of law rather than legislating from the bench.”
    “For years, Democrats have openly said they intend to pack the Supreme Court,” said Cruz.  “They seek to use the Court to advance policy goals they can’t accomplish electorally.  Such a move would be a direct assault on the design of our Constitution, which is designed to ensure the Supreme Court remains a non-partisan guardian of the rule of law.  This amendment is a badly-needed check on their efforts to undermine the integrity of the Court.”
    Additional co-sponsors of the proposed constitutional amendment include Senators Chuck Grassley (R-Iowa), John Cornyn (R-Texas), Mike Lee (R-Utah), Shelley Moore Capito (R-West Virginia), Marsha Blackburn (R-Tennessee), Bill Cassidy (R-Louisiana), Todd Young (R-Indiana), Cindy Hyde-Smith (R-Mississippi), Jim Banks (R-Indiana), Thom Tillis (R-North Carolina), Bill Hagerty (R-Tennessee), Katie Britt (R-Alabama), Tim Sheehy (R-Montana), Roger Wicker (R-Mississippi) and Deb Fischer (R-Nebraska).
    Read the complete text of the amendment here.
    BACKGROUND:
    Senators Crapo and Risch previously co-sponsored this amendment in 2023.
    Over the past several years, top Democrats have pledged to expand the number of justices on the Supreme Court when they are able to.

    MIL OSI USA News –

    February 11, 2025
  • MIL-OSI USA: Cantwell Statement on Trump’s Latest Steel & Aluminum Tariffs: “He Wants to Double Down on Raising Costs for Americans Even More”

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell

    02.10.25

    Cantwell Statement on Trump’s Latest Steel & Aluminum Tariffs: “He Wants to Double Down on Raising Costs for Americans Even More”

    In 2024, state imported $1.2B worth of steel & aluminum for aerospace, shipbuilding, electronics & more; Last week, Cantwell delivered a speech on Senate floor calling for increasing exports & voted against advancing Trump’s trade nominee

    WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and a senior member of the Senate Committee on Finance, issued the following statement in response to President Donald Trump’s new 25% tariffs on all steel and aluminum imports.

    “Many of Trump’s tariffs on steel and aluminum have been in place since 2018. Nothing was resolved and they added costs to cars, building materials, and energy projects. Now in 2025, he wants to double down raising costs for Americans even more,” Sen. Cantwell said.

    In Washington state, two out of every five jobs are tied to trade and trade-related industries. Combined, the state imported $1.21 billion worth of steel and aluminum last year – and the major industries and employers in Washington that rely on steel and aluminum include aerospace, shipbuilding, utilities, and electronics. When President Trump imposed steel tariffs in 2018, our trading partners immediately responded by imposing tariffs of their own on Washington products, especially agriculture, including cherries, apples, pears, and potatoes. Nationally, across all industries, the steel and aluminum tariffs resulted in a decrease in production worth about $3.4 billion per year, according to an ITC report.  The United States imports $58.81 billion in steel and aluminum every year.

    Last week, Sen. Cantwell also delivered a major speech on the Senate floor last week, arguing that the president’s arbitrary tariffs would threaten domestic job creation and economic growth in an Information Age. She outlined a strategy focused on building coalitions, growing exports, and establishing principles to support innovation in the Information Age.

    Sen. Cantwell also voted against advancing the nomination of Howard Lutnick, President Trump’s choice to be Secretary of the Department of Commerce, citing concerns with Lutnick’s support for Trump’s proposed tariffs. More information on how President Trump’s proposed tariffs on goods from Mexico, Canada, and China would affect consumers and businesses in the State of Washington can be found HERE.

    Sen. Cantwell has remained a steadfast supporter of free trade to grow the economy in the State of Washington and nationwide. Sen. Cantwell was the leading voice in negotiations to end India’s 20 percent retaliatory tariff on American apples, which was imposed in response to tariffs on steel and aluminum and devastated Washington state’s apple exports. India had once been the second-largest export market for American apples, but after then-President Trump imposed tariffs on steel and aluminum in his first term, India imposed retaliatory tariffs in response and U.S. apple exports plummeted. The impact on Washington apple growers was severe:  apple exports from the state dropped from $120 million in 2017 to less than $1 million by 2023.  In September 2023, following several years of Sen. Cantwell’s advocacy, India ended its retaliatory tariffs on apples and pulse crops which was welcome news to the state’s more than 1,400 apple growers and the 68,000-plus workers they support.

    In May 2023, Sen. Cantwell sent a letter urging the Biden Administration to help U.S. potato growers finally get approval to sell fresh potatoes in Japan. In June 2023, Sen. Cantwell hosted U.S. Sen. Debbie Stabenow (D-MI), then-chair of the Committee on Agriculture, Nutrition, and Forestry, in Washington state for a forum with 30 local agricultural leaders in Wenatchee to discuss the Farm Bill.

    In 2022, Sen. Cantwell spearheaded passage of the Ocean Shipping Reform Act, a law to crack down on skyrocketing international ocean shipping costs and ease supply chain backlogs that raise prices for consumers and make it harder for U.S. farmers and exporters to get their goods to the global market.

    In August 2020, during the height of the COVID-19 pandemic, Sen. Cantwell sent a letter to then-Secretary of Agriculture Sonny Perdue requesting aid funds be distributed to wheat growers. In December 2018, Sen. Cantwell celebrated the passage of the Farm Bill, which included $500 million of assistance for farmers, including those who grow wheat.

    In 2019, Sen. Cantwell helped secure a provision in the $16 billion USDA relief package, ensuring sweet cherry growers could access emergency funding to offset the impacts of tariffs and other market disruptions.

    MIL OSI USA News –

    February 11, 2025
  • MIL-OSI Global: As Trump abandons the old world order, NZ must find its place in a new ‘Pax Autocratica’

    Source: The Conversation – Global Perspectives – By Chris Ogden, Associate Professor in Global Studies, University of Auckland, Waipapa Taumata Rau

    Donald Trump is moving rapidly to change the contours of contemporary international affairs, with the old US-dominated world order breaking down into a multipolar one with many centres of power.

    The shift already includes the US leaving the World Health Organization and the Paris Climate Accords, questioning the value of the United Nations, and radical cuts to the US Agency for International Development (USAID).

    Such a new geopolitical age also involves an assertion of raw power, with Trump using the threat of tariffs to assert global authority and negotiating positions.

    While the US is not significantly less powerful, this new era may see it wield that power in more openly self-interested and isolationist ways. As new US Secretary of State Marco Rubio put it in January, “the post-war global order is not just obsolete – it is now a weapon being used against us”.

    With global democracy in retreat, the emerging international order looks to be moving in an authoritarian direction. As it does, the position of New Zealand’s vibrant democracy will come under mounting pressure.

    But world orders have come and gone for millennia, reflecting the ebb and flow of global economic, political and military power. Looking back to previous eras, and how countries and cultures responded to shifting geopolitical realities, can help us understand what is happening more clearly.

    An evolving world order

    Previous orders have often focused on specific centres – or “poles” – of power. These include the Concert of Europe from 1814 to 1914, the bipolar world of the Cold War between the US and the Soviet Union, and the unipolar world of American dominance after the end of the Cold War and since the September 11 attacks in 2001.

    Periods of single-power dominance (or hegemony) are referred to as a “pax”, from the Latin for “peace”. We have seen the Pax Romana of the Roman Empire (27 BCE to 180 AD), multiple Pax Sinicas around China (most recently the Qing Dynasty 1644 to 1912), Pax Mongolica (the Mongol Empire from 1271 to 1368) and Pax Britannica (the British Empire from 1815 to 1924).

    It is the Pax Americana of the US, from 1945 to the present, that Trump seems bent on dismantling. We now live in an international order that is visibly in flux. With autocracy on the rise and the US at its vanguard, a “Pax Autocratica” is emerging.

    This is accentuated by the rapid rise of Asia as the main sphere of economic and military growth, particularly China and India. The world’s two most populous countries had the world’s largest and third largest economies respectively in 2023, and the second and fourth highest levels of military spending.

    The simultaneous rise of multiple power centres was already challenging the Pax Americana. Now, a new international order appears to be a certainty, with Trump openly adapting to multipolarity. Several major powers now compete for global influence, rather than any one country dominating.

    China’s preference for a multipolar international order is shared by India and Russia. Without one dominant entity, it will be the political and social basis of this order, as determined by its major actors, that matters most – not who leads it.

    Pax Democratica

    The current (now waning) international order has been underpinned by specific social, political and economic values stemming from the national identity and historical experience of the US.

    According to US political expert G. John Ikenberry, former president Woodrow Wilson’s agenda for peace after the first world war sought to “reflect distinctive American ideas and ideals”.

    Woodrow imagined an order based on collective security and shared sovereignty, liberal principles of democracy and universal human rights, free trade and international law.

    As its dominance and military strength increased in the 20th century, the US also provided security to other countries. Such power enabled Washington to create open global trade markets, as well as build core global institutions like the World Bank, International Monetary Fund, World Trade Organization, United Nations and NATO.

    For Ikenberry, this Pax Americana (we might call it a Pax Democratica) rested on consent to the US’s “provision of security, wealth creation, and social advancement”. This was aided by the its more than 800 military bases in over 80 countries.

    The democratic deficit

    Trump undercuts the central tenets of this liberal world order and accelerates a slide towards authoritarianism. Like Russia, India and China, the US is also actively constraining human rights, attacking minorities and weakening its electoral system.

    This democratic retreat leaves a country such as New Zealand in a global minority. If Trump targets the region or country with economic tariffs, that precariousness might increase.

    On the other hand, previous world orders have not been truly hegemonic. Pax Britannica did not encompass the entire world. Nor did Pax Americana, which didn’t include China, India, the former Soviet bloc, much of the Islamic world and many developing countries.

    This suggests pockets of democracy can survive within a Pax Autocratica, especially in a multipolar world which is more tolerant of political independence.

    The Economist Intelligence Unit’s 2023 Democracy Index ranked New Zealand, the Nordic countries, Switzerland, Iceland and Ireland highest because their citizens

    choose their political leaders in free and fair elections, enjoy civil liberties, prefer democracy over other political systems, can and do participate in politics, and have a functioning government that acts on their behalf.

    It is these countries that can be at the vanguard of democratic resilience.

    Chris Ogden is a Senior Research Fellow with The Foreign Policy Centre, London.

    – ref. As Trump abandons the old world order, NZ must find its place in a new ‘Pax Autocratica’ – https://theconversation.com/as-trump-abandons-the-old-world-order-nz-must-find-its-place-in-a-new-pax-autocratica-249358

    MIL OSI – Global Reports –

    February 11, 2025
  • MIL-OSI China: China’s Spring Festival spending spree fuels global business growth

    Source: China State Council Information Office

    On a balmy afternoon on the first day of the Chinese Spring Festival, a queue of nearly 40 people, over half of them being Chinese tourists, snaked around the plain ice cream stall of “Uncle Chieng” on Orchard Road, Singapore.

    “Recently, more than half of the customers are Chinese tourists. Around the Spring Festival, I sell about 20 percent more ice cream each day compared to usual,” said Chieng Puay Chui, owner of the stall, which has become one of the must-visit spots for Chinese tourists.

    This scene is just a microcosm of the vibrant Spring Festival celebrations that have swept China and beyond, the first Lunar New Year festivities after the Spring Festival was added to UNESCO’s intangible cultural heritage list.

    The festival, which falls on Jan. 29 this year, with week-long nationwide celebrations around the date, has not only ignited a surge in domestic consumption but also created vast opportunities for international businesses, as Chinese consumers embrace global goods and cultures.

    A girl participates in activities to celebrate the Chinese New Year in London, Britain, on Feb. 2, 2025. [Photo/Xinhua]

    Global goods, local celebrations

    The Spring Festival, a time for family reunion and feasting, has seen a growing appetite for “foreign New Year goods” among Chinese consumers. From French wine to Chilean cherries, global delicacies have become essential elements of the Chinese New Year shopping list.

    France’s Occitanie region, renowned for its wine, has been actively promoting its produce in China through platforms like the China International Import Expo and the “From French Farms to Chinese Tables” initiative. For French wine producers, the Spring Festival is one of the best opportunities to promote their products.

    “Ahead of the Chinese New Year, we organized various events to support wine producers from the Occitanie region and importers in distributing their products so that they would be available during the Spring Festival,” said Catherine Machabert, food and wine international director of the economic development agency of the Occitanie Region.

    “For the Year of the Snake, distributors have prepared a variety of gift boxes featuring snake-themed designs to promote the wines,” said Machabert, adding that Occitanie has always maintained strong ties with China and recognizes the importance of the Chinese market.

    Meanwhile, French confectionery giant Andros has capitalized on the festive season by launching special gift packs and organizing in-store tastings. “Our sales during this Spring Festival are expected to double compared to previous years, setting a new record,” said Maxence Zeng, general manager of Andros China.

    Chilean cherries, with their vibrant red hue and symbolic association with prosperity in the Chinese culture, have also become a favorite among Chinese consumers.

    China is a very important market for fresh Chilean cherries, not only because it receives more than 90 percent of total exports, “but also because of the friendly relationship that has been built between our cherries and the people of China,” said Claudia Soler, executive director of the Chilean Cherry Committee.

    A poster of the animated feature “Ne Zha 2” is pictured at a cinema in Shenyang, northeast China’s Liaoning Province, Feb. 6, 2025. [Photo/Xinhua]

    Two-way cultural exchanges

    The Spring Festival is not just about shopping and feasting; it’s also a time for travel and cultural exploration. With extended holidays and visa-free policies, Chinese tourists have been flocking to international destinations, while foreign visitors have been arriving in China to experience the festivities firsthand.

    On the pristine beaches of Zanzibar, Tanzania, Chinese tourists Li Chenguang and his wife, Zhao Xue, marveled at the natural beauty surrounding them. “We can witness the Great Migration in the Serengeti, the azure waters of the Indian Ocean and even the snow-capped peaks of Mount Kilimanjaro,” Zhao exclaimed with excitement.

    Meanwhile, in Malaysia, Kuala Lumpur International Airport has been bustling as Chinese tourists head to Malaysia for tropical experiences and Malaysian travelers embark on winter adventures in China. “We’re planning to visit Harbin, hike up Changbai Mountain and savor traditional northeastern dishes like Guo Bao Rou (crispy sweet and sour pork),” said Zhou Jinglang, a tour guide of a Malaysian travel agency.

    According to the National Immigration Administration, China recorded 14.37 million cross-border trips during the Spring Festival holiday season, a 6.3 percent increase from a year earlier. About 1 million of these trips were made by foreign nationals, marking a 22.9 percent year-on-year rise.

    Meanwhile, the 2025 Spring Festival holiday has marked a new milestone for China’s thriving film industry, with box office revenue soaring to an unprecedented 9.51 billion yuan (approximately 1.33 billion U.S. dollars) between Jan. 28 and Feb. 4, according to the China Film Administration.

    A staggering 187 million moviegoers flocked to cinemas throughout the holiday week, setting new all-time highs in both box office earnings and audience turnout.

    Released on Jan. 29, the first day of Chinese New Year, Chinese animated blockbuster “Ne Zha 2” has shattered multiple box office records, becoming the first film to cross 1 billion dollars in a single market and the first non-Hollywood title to join the coveted billion-dollar club.

    Customers select newly arrived Chilean cherries at a supermarket in Tianjin, north China, Dec. 26, 2024. [Photo/Xinhua]

    Vast business opportunities

    The Spring Festival consumption boom has not only showcased the resilience and vitality of China’s economy but also highlighted the potential for international collaboration. From French dairy products to Chilean cherries, foreign businesses are eager to tap into the vast Chinese market and capitalize on emerging consumer trends.

    “Occitanie has always maintained strong ties with China and recognizes the importance of the Chinese market. With its Shanghai office, the regional agency will continue to support wine, agri-food, and cosmetics companies in entering or expanding in the Chinese market,” said Machabert, the trade official of the Occitanie Region.

    Meanwhile, Herve Lanoe, chief executive officer of French dairy company Fit Group, noted that Chinese consumers are increasingly prioritizing quality and health. “Butter with a protected designation of origin is highly appreciated by our Chinese client,” he said, adding that the company will try to take advantage of this opportunity.

    Over the years, Garces Fruit, Chile’s largest cherry exporter, has been actively expanding its presence in China. “The Chinese market is fundamental for the trade of Chilean cherries,” said Hernan Garces Gazmuri, the export manager of Garces Fruit.

    “It is a clear example of win-win,” said Garces Gazmuri, who settled in China in 2017 and opened an office in 2018. “It produces a lot of employment, from the harvests, the packaging, all this positive dynamic is generated thanks to the Chinese market. This industry does not exist without China.”

    “We want to continue to explore the market, developing e-commerce and boosting our Garces Fruit brand. I think there is a lot to do,” he said.

    MIL OSI China News –

    February 11, 2025
  • MIL-OSI: F&M Bank Welcomes Peter Schork as Regional President for Toledo, Ohio & Southeast Michigan

    Source: GlobeNewswire (MIL-OSI)

    ARCHBOLD, Ohio, Feb. 10, 2025 (GLOBE NEWSWIRE) — F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) announced that Peter Schork has joined F&M as Regional President of the Toledo, Ohio, and Southeastern Michigan regions.

    Lars Eller, President and CEO of F&M stated, “As a proven community banker, Peter brings a wealth of experience to F&M. His leadership, deep market knowledge, and commitment to building strong relationships will be an invaluable resource to F&M as we continue to grow and serve our communities. We look forward to the impact he will make in driving success for our customers, employees, and stakeholders.”

    In his new role, Peter will oversee F&M’s presence in the Toledo, Ohio, and Birmingham, Michigan markets, including offices in Waterville, Swanton, Perrysburg, Sylvania, and Downtown Toledo, as well as F&M’s Loan Production Office in Troy and its Birmingham, Michigan location.

    Peter brings over 25 years of banking and financial experience to F&M. Prior to joining the Company, he served as the Ann Arbor President for Oxford Bank and co-founded the Ann Arbor State Bank serving as its President and CEO. In addition to his community bank experience, Peter was the CFO at Catalyst Commercial Real Estate, and the President of a Michigan-based title, mortgage, and real estate company. In addition to his business experience, Peter is a proud supporter of various community organizations. Currently, he serves on the Michigan Theater Board of Trustees, is a member of the Ray and Eleanor Cross Foundation and the Kiwanis Club of Ann Arbor and is a Board Member and Treasurer for the Homeless/Unhoused Mission. Peter holds a Master of Business Administration (M.B.A.) with a specialization in Finance from Eastern Michigan University.

    About F&M Bank:
    F&M Bank is a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in Troy, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

    Safe harbor statement
    Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

    __________________________________________

    Company Contact: Investor and Media Contact:
    Lars B. Eller
    President and Chief Executive Officer
    Farmers & Merchants Bancorp, Inc.
    (419) 446-2501
    leller@fm.bank
    Andrew M. Berger
    Managing Director
    SM Berger & Company, Inc.
    (216) 464-6400
    andrew@smberger.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e11179be-cf20-449e-9416-ca1e8ff1fd2f

    The MIL Network –

    February 11, 2025
  • MIL-Evening Report: Is Steve Smith set to become the best? What data says about Test cricket’s elite 10,000+ run club

    Source: The Conversation (Au and NZ) – By Ronnie Das, Associate Professor in Data Analytics, The University of Western Australia

    In the recent Border-Gavaskar series against India, Steve Smith agonisingly missed out reaching 10,000 Test runs in front of his home crowd at the Sydney Cricket Ground, falling short by just one run.

    However he entered the “10K club” in style after hitting his 35th century against Sri Lanka in the series won by Australia, 2-0.

    Smith is now the 15th batsman to join the exclusive club and the fourth Australian to do so, after Allan Border, Steve Waugh and Ricky Ponting.

    The illustrious group of players who have reached 10,000 is headed by Indian legend Sachin Tendulkar (15,921 runs) with Ponting (13,378) second and South African Jacques Kallis (13,289) third.

    Among this group, Tendulkar, the West Indies’ Brian Lara and Sri Lanka’s Kumar Sangakkara were fastest to 10,000 in terms of innings batted (195), just ahead of Ponting (196). Smith was fifth fastest (205 innings).

    But where does Smith sit among this group of truly elite batsmen? How does he compare to his fellow Australians? And can he eventually reach the pinnacle and overtake Tendulkar at the top of the mountain?

    The challenges of modern cricket

    Modern day cricket is physically, emotionally and psychologically demanding.

    The physical demands, coupled with fixture congestion, make it tough on athletes’ bodies. Research also suggests psychological pressures have a heightened impact on players’ thinking, feeling and overall performances.

    The evolution of lucrative Twenty20 games has also meant cricketers often play in these shorter-format leagues instead of resting between Test series.

    Smith is one of many elite cricketers still playing all three formats of the sport.

    While some batsmen continue to score well into their late 30s, more often than not performance declines in these twilight years of a batter’s career.

    Smith turns 36 in June.

    Judging the best

    The 10,000 run club is the hallmark of batting excellence in Test cricket.

    It is regarded as the pinnacle of a batsman’s career achievement.

    Together (at the time of writing) the players in the 10K club have scored 181,947 runs, with 541 centuries and 818 half centuries.

    The highest individual score belongs to Lara, who scored 400 (not out) against England in 2004.

    Lara also maintained a very high strike rate (60.51) throughout his career.

    A strike rate is a batsman’s run scoring efficiency per 100 balls – the higher the strike rate, the faster the batter scores. A higher strike rate puts more pressure on opposition bowlers and when a batter scores quickly, it allows more time for their team’s bowlers to take the 20 wickets required for a Test victory.

    Only Ponting (a strike rate of 58.72 per 100 balls) closely matches Lara’s calibre, but England’s Joe Root (57.47) is enjoying a late-career renaissance and is closing the gap.

    Compare that to the Border and Sunil Gavaskar era (late 1970s–early 1990s) when runs were not as easy to come by – these two ended their career with low (41.09 and 43.35 respectively) strike rates.

    What about Smith?

    In his second match, his strike rate was an exceptionally high 75.75 but, since then it has dipped to 53.58 as Smith has become a more balanced batsman.



    Another way to judge a batter’s impact is their centuries per innings rate.

    Smith has the highest century per innings rate (17.48%) among the 10K club.
    He recently scored his 36th century, matching his modern-day peer, Root. But Root has played 72 additional innings.

    In terms of overall centuries, Tendulkar leads the way having scored a staggering 51 centuries during his Test career (six more than Kallis, in second). However, Tendulkar did it over a mammoth 329 innings – 38 more than anyone else on the list.

    How the Australians compare

    Across generations, the four Australians have shown different styles of play in achieving the landmark.

    Data shows Border was the most consistent player among them, with his average remaining relatively steady through his career, while Waugh improved his performance after a lacklustre start to his career.

    Smith hit his peak at around his 75th match and Ponting around his 115th match, before their run scoring dropped.

    In terms of batting positions, data suggests Smith has scored most of his runs coming in at number four. Border was most dominant coming in at four and five.

    Ponting dominated as a number three batsman, while Waugh was very consistent at number five.



    How far can Smith go?

    Considering Smith’s age (35), current form and the physical demands of modern cricket, our findings suggest it will take him at least another three to four years to surpass Ponting.

    That may be achievable but Smith’s year-long ban after the 2018 “sandpapergate saga” makes reaching Tendulkar’s mark extremely unlikely.

    However, there is a chance Smith ends up with the best average in the club.

    His batting average currently sits at 56.74, with only Sangakkara (57.4) higher.

    Considering his current form, with four centuries in his past five Test matches, there’s every chance this modern-day great retires atop the tree in that metric at least.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Is Steve Smith set to become the best? What data says about Test cricket’s elite 10,000+ run club – https://theconversation.com/is-steve-smith-set-to-become-the-best-what-data-says-about-test-crickets-elite-10-000-run-club-248891

    MIL OSI Analysis – EveningReport.nz –

    February 11, 2025
  • MIL-Evening Report: As Trump abandons the old world order, NZ must find its place in a new ‘Pax Autocratica’

    Source: The Conversation (Au and NZ) – By Chris Ogden, Associate Professor in Global Studies, University of Auckland, Waipapa Taumata Rau

    Donald Trump is moving rapidly to change the contours of contemporary international affairs, with the old US-dominated world order breaking down into a multipolar one with many centres of power.

    The shift already includes the US leaving the World Health Organization and the Paris Climate Accords, questioning the value of the United Nations, and radical cuts to the US Agency for International Development (USAID).

    Such a new geopolitical age also involves an assertion of raw power, with Trump using the threat of tariffs to assert global authority and negotiating positions.

    While the US is not significantly less powerful, this new era may see it wield that power in more openly self-interested and isolationist ways. As new US Secretary of State Marco Rubio put it in January, “the post-war global order is not just obsolete – it is now a weapon being used against us”.

    With global democracy in retreat, the emerging international order looks to be moving in an authoritarian direction. As it does, the position of New Zealand’s vibrant democracy will come under mounting pressure.

    But world orders have come and gone for millennia, reflecting the ebb and flow of global economic, political and military power. Looking back to previous eras, and how countries and cultures responded to shifting geopolitical realities, can help us understand what is happening more clearly.

    An evolving world order

    Previous orders have often focused on specific centres – or “poles” – of power. These include the Concert of Europe from 1814 to 1914, the bipolar world of the Cold War between the US and the Soviet Union, and the unipolar world of American dominance after the end of the Cold War and since the September 11 attacks in 2001.

    Periods of single-power dominance (or hegemony) are referred to as a “pax”, from the Latin for “peace”. We have seen the Pax Romana of the Roman Empire (27 BCE to 180 AD), multiple Pax Sinicas around China (most recently the Qing Dynasty 1644 to 1912), Pax Mongolica (the Mongol Empire from 1271 to 1368) and Pax Britannica (the British Empire from 1815 to 1924).

    It is the Pax Americana of the US, from 1945 to the present, that Trump seems bent on dismantling. We now live in an international order that is visibly in flux. With autocracy on the rise and the US at is vanguard, a “Pax Autocratica” is emerging.

    This is accentuated by the rapid rise of Asia as the main sphere of economic and military growth, particularly China and India. The world’s two most populous countries had the world’s largest and third largest economies respectively in 2023, and the second and fourth highest levels of military spending.

    The simultaneous rise of multiple power centres was already challenging the Pax Americana. Now, a new international order appears to be a certainty, with Trump openly adapting to multipolarity. Several major powers now compete for global influence, rather than any one country dominating.

    China’s preference for a multipolar international order is shared by India and Russia. Without one dominant entity, it will be the political and social basis of this order, as determined by its major actors, that matters most – not who leads it.

    Pax Democratica

    The current (now waning) international order has been underpinned by specific social, political and economic values stemming from the national identity and historical experience of the US.

    According to US political expert G. John Ikenberry, former president Woodrow Wilson’s agenda for peace after the first world war sought to “reflect distinctive American ideas and ideals”.

    Woodrow imagined an order based on collective security and shared sovereignty, liberal principles of democracy and universal human rights, free trade and international law.

    As its dominance and military strength increased in the 20th century, the US also provided security to other countries. Such power enabled Washington to create open global trade markets, as well as build core global institutions like the World Bank, International Monetary Fund, World Trade Organization, United Nations and NATO.

    For Ikenberry, this Pax Americana (we might call it a Pax Democratica) rested on consent to the US’s “provision of security, wealth creation, and social advancement”. This was aided by the its more than 800 military bases in over 80 countries.

    The democratic deficit

    Trump undercuts the central tenets of this liberal world order and accelerates a slide towards authoritarianism. Like Russia, India and China, the US is also actively constraining human rights, attacking minorities and weakening its electoral system.

    This democratic retreat leaves a country such as New Zealand in a global minority. If Trump targets the region or country with economic tariffs, that precariousness might increase.

    On the other hand, previous world orders have not been truly hegemonic. Pax Britannica did not encompass the entire world. Nor did Pax Americana, which didn’t include China, India, the former Soviet bloc, much of the Islamic world and many developing countries.

    This suggests pockets of democracy can survive within a Pax Autocratica, especially in a multipolar world which is more tolerant of political independence.

    The Economist Intelligence Unit’s 2023 Democracy Index ranked New Zealand, the Nordic countries, Switzerland, Iceland and Ireland highest because their citizens

    choose their political leaders in free and fair elections, enjoy civil liberties, prefer democracy over other political systems, can and do participate in politics, and have a functioning government that acts on their behalf.

    It is these countries that can be at the vanguard of democratic resilience.

    Chris Ogden is a Senior Research Fellow with The Foreign Policy Centre, London.

    – ref. As Trump abandons the old world order, NZ must find its place in a new ‘Pax Autocratica’ – https://theconversation.com/as-trump-abandons-the-old-world-order-nz-must-find-its-place-in-a-new-pax-autocratica-249358

    MIL OSI Analysis – EveningReport.nz –

    February 11, 2025
  • MIL-OSI Security: Eagle Butte Man Sentenced to 18 Months in Federal Prison for Failing to Register as a Sex Offender

    Source: Office of United States Attorneys

    PIERRE – United States Attorney Alison J. Ramsdell announced today that U.S. District Judge Eric C. Schulte has sentenced an Eagle Butte, South Dakota, man convicted of Failure to Register as a Sex Offender. The sentencing took place on February 3, 2025.

    Arnold Dean Buck Elk Thunder, Jr., 57, was sentenced to 18 months in federal prison, followed by five years of supervised release, and ordered to pay a $100 special assessment to the Federal Crime Victims Fund.

    Buck Elk Thunder was indicted for Failure to Register as a Sex Offender by a federal grand jury in September 2024. He pleaded guilty on November 7, 2024.

    Buck Elk Thunder was required to register as a sex offender under the Sex Offender Registration and Notification Act as a result of a state felony conviction in May 2001 for Sexual Contact with a Child Under the Age of 16. On February 15, 2024, Buck Elk Thunder updated his registered address to a residence in Eagle Butte, on the Cheyenne River Indian Reservation. In May 2024, Buck Elk Thunder moved from his registered address in Eagle Butte to Rapid City, South Dakota, before returning to the Cheyenne River Indian Reservation and residing in Cherry Creek, South Dakota. Buck Elk Thunder knew he was required to update his registration within three business days of changing his residence but failed to do so after leaving Eagle Butte.

    This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse, launched in 2006 by the Department of Justice. Led by the U.S. Attorneys’ Offices and DOJ’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to locate, apprehend, and prosecute individuals who exploit children, as well as identify and rescue victims.  For more information about Project Safe Childhood, please visit https://www.justice.gov/psc.

    This case was investigated by the U.S. Marshals Service. Assistant U.S. Attorney Wayne Venhuizen prosecuted the case.

    Buck Elk Thunder was immediately remanded to the custody of the U.S. Marshals Service. 

    MIL Security OSI –

    February 11, 2025
  • MIL-OSI USA: Mark SubbaRao Brings Data to Life Through Art

    Source: NASA

    Name: Mark SubbaRao
    Title: Lead, Scientific Visualization Studio (SVS)
    Formal Job Classification: Information Technology Specialist
    Organization: SVS, Science Mission Directorate (Code 606.4)
    What do you do and what is most interesting about your role here at Goddard? How do you help support Goddard’s mission?
    I have an amazing job. I get to work with all the most interesting NASA science and make it visual to help people can understand it. The Scientific Visualization Studio, the SVS, supports all of NASA and is located at Goddard.
    What is your educational background?
    I have B.S. in engineering physics, minor in astronomy, from Lehigh University in Bethlehem, Pennsylvania. I have a Ph.D. in astrophysics from Johns Hopkins University.
    What is data visualization? How is it different from animation?
    Data visualization is the graphical representation of actual data (in our case usually scientific data). At its most basic it takes the forms of charts, graphs, and maps. In contrast, conceptual animation, such as the work of our colleagues in the CI Lab, is the graphical representation of ideas. Conceptual animation and data visualization are both needed to communicate the full scientific process.
    How did your work for the University of Chicago develop your interest in visualization?
    I worked on software for the Sloan Digital Sky Survey, a project to create the biggest 3D map of the universe. Our goal was to map 3D positions of a million galaxies, which we did. My role was to develop the software to determine the distance to galaxies. To see the result we needed a way to see how the galaxies were distributed in 3D, which led to my interest in visualization.
    Viewing this map, I felt like we had revealed a new world which no one had yet seen altogether. The desire to share that with the public led me a position at the Adler Planetarium in Chicago.

    How did planetariums evolve during your 18 years of working for the Adler Planetarium?
    I led their visualization efforts for their Space Visualization Laboratory, a laboratory that was on the museum floor and had multiple specialized displays. The local scientific community used our laboratory to present to the public including other scientists and students.
    I also produced planetarium shows and designed exhibits. My last project, “Astrographics” for Art on the Mart, was a 2.6-acre, outdoor projection onto a building near the Chicago River. We believe that this is the largest, permanent outdoor digital projection in the world.
    I began to see the power of the planetarium as a data visualization environment. Traditionally, a planetarium has been a place to project stars and tell stories about constellations. Planetariums have now evolved into a general-purpose visualization platform to communicate science.
    I got more involved with the planetarium community, which led to me becoming president of the International Planetarium Society. A major focus of my presidency was promoting planetariums in Africa.
    Why did you come to NASA’s SVS at Goddard?
    I came to Goddard in December 2020. I always admired NASA’s SVS and had used their products. I consider the SVS the preeminent group using scientific visualization for public communication.
    I wanted to work on visualizations for a broader variety of sciences, in particular, climate science. Our group created visualizations for the United Nations Climate Conference (COP26) in Glasgow, Scotland, the fall of 2021. In March 2022, I created a visualization called Climate Spiral, which went viral.

    [embedded content]
    This visualization shows monthly global temperature anomalies (changes from an average) between the years 1880 and 2021. Whites and blues indicate cooler temperatures, while oranges and reds show warmer temperatures.Credits: NASA’s Goddard Space Flight Center / NASA’s Scientific Visualization StudioDownload high-resolution video and images from NASA’s Scientific Visualization Studio

    As the lead, how do you hope to inspire your group?
    Our group is very talented, experienced, and self-motivated. Data visualization has recently exploded as a communication tool. Our goal is to continue to stay on top of this rapidly evolving field. Coupled with this, there has been an explosion in scientific data from satellites and super computers. As data becomes bigger and more complex, visualization becomes an even more important tool for understanding that data.

    Your work combines art and science. What are the benefits of combining art and science?
    One huge benefit is that you can reach people through an artistic visual presentation of science who may not be interested in simply reading an article. You can go beyond teaching people, you can move them emotionally through a good, artistic presentation.
    For example, in “Climate Spiral,” we did not want to just inform people that global average temperatures have increased, we wanted people to feel that the temperature has increased.
    Also, our universe is just beautiful. Why not let the beauty of the universe create something artistic for you? I sometimes feel like I cheat by letting the universe do my design for me.
    What do you do for fun?
    Since moving to Maryland, and living near the Chesapeake Bay, I have taken up stand up paddleboarding. I like to cook too. My father is Indian, so I cook a lot of Indian food.
    Who inspires you?
    Arthur C. Clarke, the science fiction writer, also wrote a lot of popular science. He played a big part in my decision to become a scientist.

    Conversations With Goddard is a collection of Q&A profiles highlighting the breadth and depth of NASA’s Goddard Space Flight Center’s talented and diverse workforce. The Conversations have been published twice a month on average since May 2011. Read past editions on Goddard’s “Our People” webpage.
    By Elizabeth M. JarrellNASA’s Goddard Space Flight Center, Greenbelt, Md.

    MIL OSI USA News –

    February 11, 2025
  • MIL-OSI USA: NASA-Led Study Pinpoints Areas Sinking, Rising Along California Coast

    Source: NASA

    The elevation changes may seem small — amounting to fractions of inches per year — but they can increase or decrease local flood risk, wave exposure, and saltwater intrusion.
    Tracking and predicting sea level rise involves more than measuring the height of our oceans: Land along coastlines also inches up and down in elevation. Using California as a case study, a NASA-led team has shown how seemingly modest vertical land motion could significantly impact local sea levels in coming decades.
    By 2050, sea levels in California are expected to increase between 6 and 14.5 feet (15 and 37 centimeters) higher than year 2000 levels. Melting glaciers and ice sheets, as well as warming ocean water, are primarily driving the rise. As coastal communities develop adaptation strategies, they can also benefit from a better understanding of the land’s role, the team said. The findings are being used in updated guidance for the state.
    “In many parts of the world, like the reclaimed ground beneath San Francisco, the land is moving down faster than the sea itself is going up,” said lead author Marin Govorcin, a remote sensing scientist at NASA’s Jet Propulsion Laboratory in Southern California. 
    The new study illustrates how vertical land motion can be unpredictable in scale and speed; it results from both human-caused factors such as groundwater pumping and wastewater injection, as well as from natural ones like tectonic activity. The researchers showed how direct satellite observations can improve estimates of vertical land motion and relative sea level rise. Current models, which are based on tide gauge measurements, cannot cover every location and all the dynamic land motion at work within a given region.
    Local Changes
    Researchers from JPL and the National Oceanic and Atmospheric Administration (NOAA) used satellite radar to track more than a thousand miles of California coast rising and sinking in new detail. They pinpointed hot spots — including cities, beaches, and aquifers — at greater exposure to rising seas now and in coming decades.
    To capture localized motion inch by inch from space, the team analyzed radar measurements made by ESA’s (the European Space Agency’s) Sentinel-1 satellites, as well as motion velocity data from ground-based receiving stations in the Global Navigation Satellite System. Researchers compared multiple observations of the same locations made between 2015 to 2023 using a processing technique called interferometric synthetic aperture radar (InSAR).

    Homing in on the San Francisco Bay Area — specifically, San Rafael, Corte Madera, Foster City, and Bay Farm Island — the team found the land subsiding at a steady rate of more than 0.4 inches (10 millimeters) per year due largely to sediment compaction. Accounting for this subsidence in the lowest-lying parts of these areas, local sea levels could rise more than 17 inches (45 centimeters) by 2050. That’s more than double the regional estimate of 7.4 inches (19 centimeters) based solely on tide gauge projections.
    Not all coastal locations in California are sinking. The researchers mapped uplift hot spots of several millimeters per year in the Santa Barbara groundwater basin, which has been steadily replenishing since 2018. They also observed uplift in Long Beach, where fluid extraction and injection occur with oil and gas production.
    The scientists further calculated how human-induced drivers of local land motion increase uncertainties in the sea level projections by up to 15 inches (40 centimeters) in parts of Los Angeles and San Diego counties. Reliable projections in these areas are challenging because the unpredictable nature of human activities, such as hydrocarbon production and groundwater extraction, necessitating ongoing monitoring of land motion.  
    Fluctuating Aquifers, Slow-Moving Landslides
    In the middle of California, in the fast-sinking parts of the Central Valley (subsiding as much as 8 inches, or 20 centimeters, per year), land motion is influenced by groundwater withdrawal. Periods of drought and precipitation can alternately draw down or inflate underground aquifers. Such fluctuations were also observed over aquifers in Santa Clara in the San Francisco Bay Area, Santa Ana in Orange County, and Chula Vista in San Diego County.
    Along rugged coastal terrain like the Big Sur mountains below San Francisco and Palos Verdes Peninsula in Los Angeles, the team pinpointed local zones of downward motion associated with slow-moving landslides. In Northern California they also found sinking trends at marshlands and lagoons around San Francisco and Monterey bays, and in Sonoma County’s Russian River estuary. Erosion in these areas likely played a key factor.
    Scientists, decision-makers, and the public can monitor these and other changes occurring via the JPL-led OPERA (Observational Products for End-Users from Remote Sensing Analysis) project. The OPERA project details land surface elevational changes across North America, shedding light on dynamic processes including subsidence, tectonics, and landslides.
    The OPERA project will leverage additional state-of-the-art InSAR data from the upcoming NISAR (NASA-Indian Space Research Organization Synthetic Aperture Radar) mission, expected to launch within the coming months.
    News Media Contacts
    Jane J. Lee / Andrew WangJet Propulsion Laboratory, Pasadena, Calif.818-354-0307 / 626-379-6874jane.j.lee@jpl.nasa.gov / andrew.wang@jpl.nasa.gov
    Written by Sally Younger
    2025-015

    MIL OSI USA News –

    February 11, 2025
  • MIL-OSI: F&M Bank Welcomes Peter Schork as Market President for Toledo, OH & Birmingham, MI

    Source: GlobeNewswire (MIL-OSI)

    ARCHBOLD, Ohio, Feb. 10, 2025 (GLOBE NEWSWIRE) — F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) announced that Peter Schork has joined F&M as Market President of the Toledo, Ohio and Birmingham, Michigan markets.

    Lars Eller, President and CEO of F&M stated, “As a proven community banker, Peter brings a wealth of experience to F&M. His leadership, deep market knowledge, and commitment to building strong relationships will be an invaluable resource to F&M as we continue to grow and serve our communities. We look forward to the impact he will make in driving success for our customers, employees, and stakeholders.”

    In his new role, Peter will oversee F&M’s presence in the Toledo, Ohio, and Birmingham, Michigan markets, including offices in Waterville, Swanton, Perrysburg, Sylvania, and Downtown Toledo, as well as F&M’s Loan Production Office in Troy and its Birmingham, Michigan location.

    Peter brings over 25 years of banking and financial experience to F&M. Prior to joining the Company, he served as the Ann Arbor President for Oxford Bank and co-founded the Ann Arbor State Bank serving as its President and CEO. In addition to his community bank experience, Peter was the CFO at Catalyst Commercial Real Estate, and the President of a Michigan based title, mortgage, and real estate company. In addition to his business experience, Peter is a proud supporter of various community organizations. Currently he serves on the Michigan Theater Board of Trustees, is a member of the Ray and Eleanor Cross Foundation and the Kiwanis Club of Ann Arbor and is a Board Member and Treasurer for the Homeless/Unhoused Mission. Peter holds a Master of Business Administration (M.B.A.) with a specialization in Finance from Eastern Michigan University.

    About F&M Bank:
    F&M Bank is a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in Troy, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

    Safe harbor statement
    Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

    Company Contact: 
    Lars B. Eller
    President and Chief Executive Officer
    Farmers & Merchants Bancorp, Inc.
    (419) 446-2501
    leller@fm.bank
    Investor and Media Contact:
    Andrew M. Berger
    Managing Director
    SM Berger & Company, Inc.
    (216) 464-6400
    andrew@smberger.com
       

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e11179be-cf20-449e-9416-ca1e8ff1fd2f

    The MIL Network –

    February 11, 2025
  • MIL-OSI Security: Defense News: U.S. Navy, 35+ Partners Commence International Maritime Exercise (IMX) 2025

    Source: United States Navy

    The week began with academic discussions covering a series of topics including the naval planning process, maritime operations center procedures, and disaster response coordination.

    IMX25 is a 12-day naval training event hosted by U.S. Naval Forces Central Command (NAVCENT). This year’s iteration of IMX is linked with exercise Cutlass Express. Cutlass Express, led by U.S. Naval Forces Europe-Africa, is an annually scheduled exercise designed to enhance regional maritime awareness and the combined capabilities of partner nations to respond to maritime threats. The exercises are link through information sharing between maritime operations center to strengthen theater-to-theater coordination, reducing regional seams and strengthening U.S. and partner nation capabilities and interoperability.

    More than 5,000 personnel from more than 35 nations and international organizations will take part in both exercises.

    IMX is designed to demonstrate global resolve in preserving the rules-based international order, offering a unique opportunity for participants to collaborate and showcase regional maritime security cooperation.

    “Exercises like IMX show that we are at our best when we work together and that our resolve is unwavering,” said U.S. Navy Rear Adm. Jeff Jurgemeyer, NAVCENT vice commander, during his remarks at the opening ceremony. “The Middle East region is a critical crossroads for worldwide commerce and trade. IMX is our combined assurance that the potential for economic success is greatest when international waterways are safe and open for all.”

    The operational phase will include partner exchanges on mine and countermeasures; visit, board, search and seizure; unmanned systems and artificial intelligence integration; explosive ordnance disposal; vessel defense; search and rescue; and mass casualty response, among other focus areas.

    This is the ninth iteration of IMX since its establishment in 2012.

    The U.S. 5th Fleet area of operations encompasses nearly 2.5 million square miles of water area and includes the Arabian Gulf, Gulf of Oman, Red Sea, parts of the Indian Ocean and three critical choke points at the Strait of Hormuz, Suez Canal and Bab al-Mandeb.

    More information about IMX is available at: https://www.cusnc.navy.mil/IMX/.

    MIL Security OSI –

    February 11, 2025
  • MIL-OSI USA: Growing Colorado’s Leading Aerospace Industry: Gov. Polis Announces Digantara Expansion in Colorado Springs

    Source: US State of Colorado

    COLORADO SPRINGS – Today, Governor Polis and the Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) announced that Digantara, a leading space surveillance and intelligence company specializing in space domain awareness, has selected Colorado Springs, Colorado, for expansion. 

    “I’m thrilled to welcome Digantara to Colorado, the best place to live, work, and do business. Digantara will bring 61 new, good-paying jobs while supporting safer space operations,” said Governor Polis. 

    Based in India, Digantara develops space surveillance systems designed to manage increasing orbital traffic and enhance space operations by delivering accurate and real-time orbital insights. The company’s systems pair constellations of cost-efficient nanosatellites in low earth orbit with precise modeling to enable the space industry to secure long-term spaceflight safety and build maps for space. 

    “Colorado is a leader in aerospace innovation, and we’re thrilled to welcome Digantara to our growing Aerospace community,” said Lt. Governor Dianne Primavera and co-chair of the Colorado Space Coalition. “With top research institutions, a skilled workforce, and strong industry partnerships, our state is the ideal place for companies shaping the future of space. We look forward to seeing Digantara’s impact on space sustainability and security.” 

    Digantara specializes in patented space-to-space tracking Optical and LiDAR systems. The company plans to establish a Satellite Assembly, Integration and Testing (AIT) facility in Colorado Springs to develop these payloads locally, catering to the Intelligence, Surveillance and Reconnaissance (ISR) needs of U.S. Government and Department of Defense agencies. 

    “Colorado stands at the heart of the US aerospace-defense ecosystem, making it the perfect base for Digantara. Here, we aim to collaborate with the US aerospace and defense community locally, advancing global space security through innovation and partnership. Our mission is clear: contribute to U.S. and its allies’ defense efforts and help ensure a safe, sustainable space for a secure future,” said Anirudh Sharma, CEO of Digantara. 

    Digantara champions space sustainability, with active advocacy in the Paris Peace Forum’s Net Zero Space Initiative and the UN Space Bridge Dialogue on Global Space Traffic Coordination. In Colorado Springs, the company plans to establish a U.S. base to pursue opportunities to collaborate with U.S. defense agencies on surveillance and defense initiatives. This includes a capital investment of $35 million. Proximity to talent and the opportunity to locate in a leading aerospace market were key considerations. 

    “Colorado is now home to 2,000 aerospace companies, an increase of 26% over the last five years. When companies like Digantara expand in our state, they continue to strengthen this key sector of our economy while advancing innovative new technologies that will be critical to space and space missions,” said OEDIT Executive Director Eve Lieberman. 

    Digantara expects to create 61 net new jobs at an average annual wage of $82,645, which is 130% of the average annual wage in El Paso County. The positions will include software engineers, systems engineers, business developers, human resources, and finance roles. 

    The Colorado Economic Development Commission approved up to $759,034 in a performance-based Job Growth Incentive Tax Credit for the company over an eight-year period. These incentives are contingent upon Digantara, referred to as Project Diamond throughout the OEDIT review process, meeting net new job creation and salary requirements. The Colorado Springs City Council approved $198,225 over a four-year period in performance-based incentives. The sales and use tax rebates apply to the purchases of construction materials, equipment, machinery, furniture, and fixtures. The City’s Economic Development Department also offered to support the company through its Rapid Response Program, as well as talent and workforce development support. Additionally, El Paso County approved $812,030 in incentives. 

    “We are thrilled to welcome Digantara as they open their first U.S. office right here in our Colorado Springs, Olympic City USA,” said Mayor Yemi Mobolade. “As a key player in space surveillance and intelligence, specializing in space domain awareness, they are a perfect fit for our growing ecosystem of tech, aerospace, space, and cybersecurity companies. This is yet another example of the exciting expansion we’re seeing in this critical sector, further solidifying Colorado Springs’ position at the forefront of space innovation.” 

    “El Paso County is proud to support Digantara, which enhances our region’s leadership in the aerospace and defense industries—sectors that drive our local economy and safeguard our national security. We are committed to supporting businesses that create jobs, invest in our workforce, and strengthen our local economy. This investment goes beyond a single project; it represents a commitment to the future of our region, reinforcing our position as a place where businesses can innovate, expand, and thrive,” said El Paso County Commissioner and Chair Carrie Geitner. 

    “Digantara’s expansion is a big win for Colorado Springs and the Pikes Peak region, boosting our space talent and reinforcing our reputation as a prominent force in national security and a top location for aerospace and defense investments,” said Johnna Reeder Kleymeyer, President & CEO of Colorado Springs Chamber & EDC. “With our strong and diverse economy, highly skilled workforce, and cutting-edge technologies, it’s clear that Colorado Springs is the ideal place for space companies to innovate and thrive.”

     In addition to Colorado, Digantara considered North Carolina, Texas and California for expansion. The company currently has 70 employees, none of whom are in Colorado. 

    About Colorado Office of Economic Development and International Trade 

    The Colorado Office of Economic Development and International Trade (OEDIT) works to empower all to thrive in Colorado’s economy. Under the leadership of the Governor and in collaboration with economic development partners across the state, we foster a thriving business environment through funding and financial programs, training, consulting and informational resources across industries and regions. We promote economic growth and long-term job creation by recruiting, retaining, and expanding Colorado businesses and providing programs that support entrepreneurs and businesses of all sizes at every stage of growth. Our goal is to protect what makes our state a great place to live, work, start a business, raise a family, visit and retire—and make it accessible to everyone. Learn more about OEDIT. 

    ###

    MIL OSI USA News –

    February 11, 2025
  • MIL-OSI Security: Former Keshena Resident Receives 115-Month Prison Sentence for Serious Domestic Violence Offense on Menominee Indian Reservation

    Source: Office of United States Attorneys

    Gregory J. Haanstad, United States Attorney for the Eastern District of Wisconsin, announced that on February 6, 2025, John V. Miller, Jr. (age: 43), an enrolled member of the Menominee Indian Tribe of Wisconsin and former resident of Keshena, received a 115-month prison sentence following convictions for strangulation and assault resulting in serious bodily injury.

    The sentence, imposed by Senior United States District Judge William C. Griesbach, was the result of guilty pleas entered by the defendant on September 27, 2024. Miller will also face three years of supervised release once he completes his sentence.

    According to publicly filed court documents, Miller severely injured his ex-wife during an assault in a wooded area outside Keshena, which is a community on the Menominee Indian Reservation. Miller kicked, struck, and punched the victim, who suffered a facial fracture and severe bruising and swelling. Miller also strangled the victim to the point of unconsciousness before leaving her in the woods. The victim awoke and found her way to a nearby mobile home, where the resident there called for help.

    In sentencing the defendant, Judge Griesbach noted the seriousness of the crime the defendant committed and remarked upon the need to punish the defendant for his “brutal” and “horrendous” acts. The court discussed the seriousness of the offense from the perspective of the effect it had on the victim and the children she shares with the defendant. The defendant’s documented history of violence against this victim and a total of 20 prior convictions also factored in the court reaching its sentence. Judge Griesbach also observed the need to incarcerate the defendant for a lengthy period to protect the victim and public.

    The case was investigated by the Menominee Tribal Police Department and FBI. Assistant United States Attorney Andrew J. Maier prosecuted the case in U.S. District Court in Green Bay.

    # #  #

    For further information contact: 
    Public Information Officer 
    Kenneth.Gales@usdoj.gov
    (414) 297-1700
    Follow us on Twitter  
     

    MIL Security OSI –

    February 11, 2025
  • MIL-OSI Security: Former Keshena Resident Pleads Guilty to Fentanyl Distribution and Involuntary Manslaughter Related to Overdose Deaths in Tribal Jail

    Source: Office of United States Attorneys

    Gregory J. Haanstad, United States Attorney for the Eastern District of Wisconsin, announced that on February 7, 2025, Senior United States District Judge William C. Griesbach accepted the guilty pleas of Warren J. Grignon to one count of distribution of fentanyl in violation of 21 U.S.C. § 841 and one count of involuntary manslaughter in violation of 18 U.S.C. §§ 1111 and 1153(a).

    According to the indictment and plea agreement, Grignon was an inmate at the Menominee Tribal Detention Center in Keshena on the Menominee Indian Reservation. On December 23, 2024, Grignon distributed fentanyl he smuggled into the jail to three other inmates. All three inmates overdosed. Two inmates were revived through the efforts of additional inmates, corrections staff, and responding officers from the Menominee Tribal Police Department. One inmate could not be revived and was pronounced dead. A later autopsy revealed the cause of death to be a fentanyl overdose.

    The sentencing hearing is scheduled for May 16, 2025, at 10:30 a.m., before Judge Griesbach. Grignon faces a total sentence of up to 28 years in prison as well as fines and assessments for each count. Grignon also faces a minimum term of three years, and up to a lifetime of supervised release after completing any period of imprisonment.

    The Menominee Tribal Police Department and FBI investigated the case, with valuable assistance from the Department of Pathology and Laboratory Medicine at the University of Wisconsin School of Medicine and Public Health. Assistant United States Attorney Andrew J. Maier is prosecuting the case in the United States District Court in Green Bay.

    # #  #

    For further information contact: 
    Public Information Officer 
    Kenneth.Gales@usdoj.gov
    (414) 297-1700
    Follow us on Twitter  
     

    MIL Security OSI –

    February 11, 2025
  • MIL-OSI Asia-Pac: Fourth India-UK Energy Dialogue- Advancing India’s energy transition held in New Delhi today

    Source: Government of India

    Fourth India-UK Energy Dialogue-   Advancing India’s energy transition held in New Delhi today

    Phase-2 of the India-UK bilateral Accelerating Smart Power & Renewable Energy in India (ASPIRE) programme announced

    Posted On: 10 FEB 2025 8:44PM by PIB Delhi

    The Fourth India-UK Energy Dialogue, co-chaired by Shri Manohar Lal, Union Minister of Power and Housing and Urban Affairs of India, and Mr. Ed Miliband, Secretary for Energy Security and Net Zero for United Kingdom, was held today in New Delhi.

    The dialogue focused on reviewing progress made in the energy sectors of both nations, including power and renewable energy, and reaffirming the commitment to a sustainable, resilient, and inclusive energy future. The Ministers underscored the importance of ensuring that the energy transition and economic growth proceed together, while maintaining affordable and clean energy access for all.

    The Ministers underscored the importance of ensuring energy security and sustainable development and emphasized expanding the cooperation in the areas of power distribution, sector reforms, industrial energy efficiency and de-carbonization, and electric mobility while exploring new opportunities in the emerging fields such as energy storage, green data centers, and offshore wind, with an increased focus on MSMEs.

    The Ministers were pleased to announce the launch of Phase-2 of the India-UK bilateral Accelerating Smart Power & Renewable Energy in India (ASPIRE) programme. This phase will aim to provide technical support for ensuring round-the-clock power supply, expanding renewable energy initiatives, and accelerating industrial energy efficiency and de-carbonization, in collaboration with the Ministry of Power (MOP) and Ministry of New and Renewable Energy (MNRE).

    The Ministers were pleased to observe the bilateral collaboration between the two sides to promote growth and jobs, through technical assistance cooperation and investment.  They also discussed the progress of trade missions focusing on offshore wind and green hydrogen, as well as the cooperation between the UK’s Energy Systems Catapult and India’s Power Trading Corporation.

    Recognizing the shared ambition for advancing offshore wind development, the Ministers announced the establishment of a UK-India Offshore Wind Taskforce, which will focus on advancing offshore wind ecosystem development, supply chains, and financing models in both countries.  Mr. Miliband commended India’s ambitious initiatives in the renewable energy sector and shown a strong interest in gaining insights from India’s experience in implementing the Solar Rooftop Programme (PM – Surya Ghar Muft Bijli Yojna).

    The Ministers agreed on the importance of power market regulations in driving the energy transition and ensuring greater energy security and access. To support this, they announced the continuation of the Power Sector Reforms programme under the UK Partnering for Accelerating Climate Change (UKPACT). Additionally, a new taskforce has been proposed between the UK’s Office of Gas and Electricity Markets (OFGEM) and India’s Central Electricity Regulatory Commission (CERC) to support renewable energy integration and grid transformation in India.

    Both Ministers emphasized the ongoing value of the India-UK Energy Dialogue in advancing mutual energy transition goals, ensuring energy access, and building secure and sustainable clean energy supply chains while aligning these efforts with economic growth.

    The Ministers expressed their intention to further strengthen their collaboration through the Comprehensive Strategic Partnership and looked forward to the fifth UK-India Energy Dialogue in 2026. The dialogue concluded with the launch of the ‘Best Practices Compendium of Industrial Energy Efficiency/Decarbonisation’ and a ‘Pathways for Energy Efficiency and Decarbonisation in the Indian Aluminium Sector’.

    *****

    JN/ SK

    (Release ID: 2101542) Visitor Counter : 44

    MIL OSI Asia Pacific News –

    February 11, 2025
  • MIL-OSI Asia-Pac: Signing Ceremony of the Executive Programme of Cooperation (EPC) between the National Archives of India and the National Records and Archives Authority of Oman for Cooperation in the Field of Archives

    Source: Government of India (2)

    Posted On: 10 FEB 2025 8:57PM by PIB Delhi

    The National Archives of India and the National Records and Archives Authority of Oman are the custodians of the non-current records of the Government of India and the Government of the Sultanate of Oman, respectively, providing public access to historical records.

    To strengthen the friendship between the two countries, an Executive Programme of Cooperation (EPC) for 2025-2028 between the National Archives of India and the National Records and Archives Authority of Oman has been signed today, 10 February 2025, at 10:30 AM in the Committee Room of the National Archives of India, New Delhi.

    The signing of the EPC reflects the Indian Government’s commitment to promoting and showcasing the historical connections between the two nations, fostering a dynamic and shared future. It also serves as a vision statement to enhance friendly relations, particularly in the field of archival cooperation.

     

    Shri Arun Singhal, IAS, Director General of Archives, National Archives of India, Government of India, signed the agreement on behalf of India, while His Excellency Dr. Hamed Mohd. Al Dhawaini, Chairman, National Records & Archives Authority, signed on behalf of the Government of the Sultanate of Oman. This collaboration marks a significant step in strengthening cultural and historical ties between India and Oman.

    ***

    Sunil Kumar Tiwari

    pibculture[at]gmail[dot]com

    (Release ID: 2101552) Visitor Counter : 58

    MIL OSI Asia Pacific News –

    February 11, 2025
  • MIL-OSI Asia-Pac: Government revises Market Intervention Scheme (MIS) guidelines

    Source: Government of India

    Government revises Market Intervention Scheme (MIS) guidelines

    Procurement limit of crops under MIS increased from 20 percent to 25 percent

    FPOs, FPCs, State-nominated agencies, Central Nodal Agencies to undertake procurement of top crops under MIS

    Approval given to NCCF for reimbursement of cost for transportation of Kharif tomato up to 1,000 MT from Madhya Pradesh to Delhi.

    Posted On: 10 FEB 2025 8:26PM by PIB Delhi

    Market Intervention Scheme (MIS) is a component of PM-AASHA scheme. Market Intervention Scheme (MIS) is implemented on the request of State/UT Government for procurement of various perishable agricultural/horticultural commodities such as tomato, onion and potato etc. for which Minimum Support Price (MSP) is not applicable and there is a reduction of at least 10% in the market prices in the States/UTs as compared to the rates of the previous normal season, so that farmers are not forced to sell their produce under distress.

    To encourage more States for implementation of MIS, Government has revised the MIS Guidelines in the following provisions:

     1. Made MIS a component of the integrated scheme of PM-AASHA.

     2. MIS will be implemented only when there is a minimum reduction of 10% in the prevailing market price as compared to the previous normal year.

    3. The procurement/coverage limit of production quantity of crops has been increased from the existing 20 percent ​​to 25 percent.

    4. The State has also been given the option to pay the difference between the Market Intervention Price (MIP) and the selling price directly into the bank account of the farmers in place of physical procurement.

    Further, where there is a difference in the price of TOP crops (tomato, onion and potato) between the producing and consuming States, the operational cost incurred in storage and transportation of crops from the producing State to other consuming States will be reimbursed by Central Nodal Agencies (CNA) like NAFED and NCCF, in the interest of farmers. Approval has been given to NCCF for reimbursement of cost for transportation of Kharif tomato upto 1,000 MT from Madhya Pradesh to Delhi. It is being proposed to include, apart from NAFED and NCCF, Farmer Producer Organizations (FPOs), Farmer Producer Companies (FPCs), State nominated agencies and other Central Nodal Agencies, to undertake procurement of top crops under MIS and to make arrangements for storage and transportation from the producing state to the consuming State in case of price difference between the producing State and the consuming State, in coordination with the implementing state.

    *****

    MG/KSR

    (Release ID: 2101530) Visitor Counter : 53

    Read this release in: Hindi

    MIL OSI Asia Pacific News –

    February 11, 2025
  • MIL-OSI Asia-Pac: Youth Parliament Competitions

    Source: Government of India

    Posted On: 10 FEB 2025 8:22PM by PIB Delhi

    As per the Scheme of Financial Assistance to States/Union Territories for organizing Youth Parliament Competitions, the Ministry of Parliamentary Affairs provides financial assistance as per the following limits, subject to receiving of the claims on completion of the competitions from the concerned States/UTs:-

     

    Sl. No.

    Strength of Legislature

    Maximum Amount for reimbursement

    1.

    Legislatures having members up to 100

    ₹ 3 lakhs per Legislature p.a.

    2.

    Legislatures having members between 100 -200

    ₹ 4 lakhs per Legislature p.a.

    3.

    Legislatures having members above 200

    ₹ 5 lakhs per Legislature p.a.

    4.

    UTs having no legislature

    ₹ 2 lakhs per UT p.a.

     

    During the Financial Year 2024-25, total amount of financial assistance reimbursed to the states of Madhya Pradesh, Haryana and Odisha is as follows:

    Sl. No.

    State

    Amount Reimbursed

    1.  

    Madhya Pradesh

    ₹4,83,145/-                                     

    1.  

    Haryana

    ₹2,75,335/-

    1.  

    Odisha

    ₹3,66,578/-

    Total

    ₹ 11,25,058/-

     

    As per the guidelines of the Scheme, the Ministry does not prescribe any particular subjects for questions and answers and other discussions in Youth Parliament sittings. However, it is desirable that the matters raised in the Youth Parliament sittings relate to contemporary important and relevant issues, welfare activity, defence of the country, social justice, social reforms, economic development, communal harmony, health and student discipline etc.

    This information was given by the Minister of State for Parliamentary Affairs Dr. L. Murugan in a written reply in the Rajya Sabha today.

     

    ***

    SS/ISA

    (Release ID: 2101520) Visitor Counter : 56

    MIL OSI Asia Pacific News –

    February 11, 2025
  • MIL-OSI Asia-Pac: Skilling and education schemes for socio-economic development of minorities and making them employment ready

    Source: Government of India

    Posted On: 10 FEB 2025 8:21PM by PIB Delhi

    The Ministry of Minority Affairs (MoMA) has implemented various skilling and education schemes for socio-economic development of minorities and make them employment ready.

    Pradhan Mantri Virasat Ka Samvardhan (PM VIKAS) is a flagship Scheme of the MoMA which converges five erstwhile schemes and focuses on upliftment of minorities through skill development; entrepreneurship and leadership of minority women; and education support for school dropouts. Skill training were provided to youth from minority communities to increase employment and livelihood opportunities under the ‘Seekho Aur Kamao’, ‘Nai Manzil’, and ‘USTTAD’ schemes, which have now been converged into the PM VIKAS scheme. A brief of these schemes along with achievements made therein is as under:

    (i) Seekho aur Kamao (SAK) scheme, started in 2013-14, targeted to upgrade the skills of minority youth (14-45 years) in various modern/ traditional skills depending upon their qualification, prevailing economic trends, and market potential, that could earn them suitable employment or make them suitably skilled to take up self-employment.

    Since inception, about 4.68 lakh beneficiaries have been trained, and as reported on the scheme portal about 2,98,909 beneficiaries have been placed under the scheme.

    ii) Nai Manzil scheme started in 2015, and was implemented with an objective to benefit the minority youth who do not have formal school leaving certificate. The scheme provided a combination of formal education (Class VIII or X) and skills and enabled the beneficiaries to seek better employment and livelihoods. Since inception, 98,712 beneficiaries have been trained, and as reported on the scheme portal about 58,879 beneficiaries have been placed under the scheme.

    iii) USTTAD scheme started in 2015 for targeted capacity building and upgrading of the traditional skills of master craftsmen/artisans. Since inception, about 21,611 beneficiaries have been trained and about 4,946 have been placed/self-employed/organised into Self Help Groups under the scheme.

    This information was given by the Union Minister of Minority & Parliamentary Affairs, Shri Kiren Rijiju in a written reply in the Rajya Sabha today

    ***

    SS/ISA

    (Release ID: 2101518) Visitor Counter : 63

    MIL OSI Asia Pacific News –

    February 11, 2025
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