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Category: India

  • MIL-OSI Asia-Pac: MoUs signed between NIEPVD Dehradun and Six Institutions for the welfare of Divyangjan

    Source: Government of India (2)

    Posted On: 23 OCT 2024 8:20PM by PIB Delhi

    The National Institute for Empowerment of Persons with Visual Disabilities (NIEPVD), Dehradun (under D/o Empowerment of Persons with Disabilities – DEPwD, M/o Social Justice and Empowerment), signed important Memoranda of Understanding (MoUs) with six institutions, including non-governmental organizations (NGOs) dedicated to the empowerment of Divyangjan.

     

    On this occasion, Secretary (DEPwD) Shri Rajesh Aggarwal said, “Today marks a significant milestone, and we are confident that the positive impact of these collaborations will be evident in the lives of Divyangjan in the near future.” This partnership is a crucial step towards enhancing the capabilities and welfare of Divyangjan by ensuring access to essential resources and support.

    The MoUs, with institutions including Uttarakhand Open University (Haldwani), National Institute of Electronics & Information Technology (NIELIT) Haridwar, Max Hospital Dehradun, NGOs Pratham (Mumbai), National Association for the Blind (NAB) Delhi and Torchit Pvt. Ltd. (Ahmedabad), aim to promote the welfare and upliftment of Divyangjan.

    The partnership would focus on areas such as modern technology, artificial intelligence, psychological support, protection against online fraud, ease of access to technology, utilization of modern teaching-learning materials, and technical training for teachers working in special education.

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    VM

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: English translation of Opening Remarks by Prime Minister during bilateral meeting with President of the People’s Republic of China on the sidelines of the 16th BRICS Summit

    Source: Government of India

    Posted On: 23 OCT 2024 7:35PM by PIB Delhi

    Excellency,

    I am pleased to meet you. And like you have said, we are meeting formally after 5 years.

    We believe that the importance of India-China relations is not just for our people.

    Our relations are also important for global peace, stability and progress.

    Excellency,

    Mutual Trust, Mutual Respect, and Mutual Sensitivity should continue to be the basis of our relations.

    Today we have got an opportunity to discuss all these issues.

    I am confident that we will talk with an open mind, and our discussion will be constructive.

    Thank you .

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

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Railway Protection Force pays thoughtful tribute to its ‘bravehearts,’ visits alma maters, villages of 14 martyrs across nine Indian states during ‘Martyrs Week 2024’

    Source: Government of India

    Railway Protection Force pays thoughtful tribute to its ‘bravehearts,’ visits alma maters, villages of 14 martyrs across nine Indian states during ‘Martyrs Week 2024’

    Families of the martyrs, local community members and RPF colleagues gather to pay tribute and share stories of their bravery and sacrifice

    Posted On: 23 OCT 2024 7:27PM by PIB Delhi

    The Railway Protection Force (RPF) is paying tribute to 14 of its personnel who lost their lives in the line of duty over the past year as part of the ongoing ‘Martyrs Week’ commemoration. As a mark of respect and remembrance, RPF officers are visiting the alma maters and native villages of these brave individuals across nine states. These heartfelt tributes are fostering a deep connection between the RPF and the communities that shaped these courageous souls, while also emphasizing the importance of their sacrifice.

    Among the martyrs being honored is Shri Nirakar Behera, an RPF Head Constable from East Coast Railway, who made the Supreme sacrifice in Feb 2024 while discharging his duty. A memorial service was held at his alma mater, ME School, Nettanga in Ganjam District of Odisha, on October 21st by RPF personnel of Khurda Road Division. The event saw an emotional gathering of his family, friends, and colleagues. His widow, Mrs. Gitanjali Behera, expressed deep gratitude for the recognition of her husband’s sacrifice.

    “Each of these brave souls exemplified the highest ideals of service and sacrifice. Their legacy will forever inspire us to uphold the safety and security of our railways and passengers” said Shri Manoj Yadava, Director General, Railway Protection Force.

    Across India, RPF is holding similar commemoration programs in the native villages and schools in honor of the martyrs, spanning various parts of our Nation. Each martyr’s family is being honored with heartfelt tributes and felicitations, reinforcing that the sacrifices made by their loved ones will never be forgotten.

    With activities planned throughout the week, the RPF’s efforts to commemorate its fallen heroes reflect a deep and ongoing commitment to honoring the bravery, sacrifice and dedication of RPF personnel who made the supreme sacrifice to protect the nation’s railway system and the railway passengers. As the Force observes Martyrs Week, the indomitable spirit of these heroes continues to echo across the railway lines they so diligently protected, their courage forever etched in history.

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    Dharmendra Tewari/Shatrunjay Kumar

    (Release ID: 2067454) Visitor Counter : 62

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  • MIL-OSI Asia-Pac: Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP): A Journey Towards Affordable Healthcare

    Source: Government of India (2)

    Posted On: 23 OCT 2024 7:15PM by PIB Delhi

    A significant transformation occurred in India’s healthcare landscape with the launch of the “Pradhan Mantri Bhartiya Janaushadhi Pariyojana” (PMBJP) in November 2016. This initiative aims to provide high-quality generic medicines at affordable prices, making essential healthcare accessible to all citizens. By ensuring that quality does not come at a premium, PMBJP is dedicated to improving health outcomes and promoting health equity across the nation.

    This initiative, driven by the Department of Pharmaceuticals, aims to ensure that every individual has access to essential medications without the financial burden often associated with branded drugs. With PMBJP stores (Pradhan Mantri Bhartiya Janaushadhi Kendras) offering generic alternatives that maintain the same quality and efficacy, it empowers communities and promotes healthier lives across the nation. The PMBJP offers an extensive product basket that includes 2047 medicines and 300 surgical devices, catering to various therapeutic groups

    At the core of PMBJP are several key objectives that guide its mission:

    1. Raising Awareness: One of the primary goals is to educate the public about the benefits of generic medicines, emphasizing that affordability does not compromise quality. The initiative works to dispel the myth that high prices are synonymous with high quality.
    2. Encouraging Prescriptions of Generic Drugs: PMBJP aims to inspire healthcare professionals, particularly those in government hospitals, to prescribe generic alternatives, thereby promoting cost-effective treatment options.

    v Enhancing Accessibility: The initiative seeks to provide a wide range of commonly used generic medicines across various therapeutic categories, ensuring that essential healthcare products are available to everyone, especially the marginalized.

     

    The Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) reached a significant milestone, with Janaushadhi medicines worth Rs. 1,000 crore sold in the year 2024-25 till 20th October 2024. This accomplishment is particularly noteworthy as it was achieved two months earlier than in the previous year.

     

    This impressive growth is attributed to the unwavering support of citizens, who have embraced the PMBJP by purchasing medicines from over 14,000 Jan Aushadhi Kendras (JAKs) across the country. These Kendras serve as accessible points for quality healthcare, providing a friendly environment where individuals can find the medications they need without the burden of high costs.

    In the month leading up to this milestone, PMBJP also achieved a noteworthy sales figure of Rs. 200 Crores in September 2024 alone, showcasing the initiative’s rapidly increasing popularity. The growth in sales and the number of JAKs—from just 80 in 2014 to more than 14,000 today—reflects an astonishing increase of over 170 times in a decade. This expansion highlights PMBJP’s commitment to reaching every corner of India, making quality healthcare a reality for millions.

     

    Financial Year

    Number of PMBJP Kendras Functional

    Yearly Addition

    Cumulative

    2022-23

    694

    9,304

    2023-24

    702

    10,006

    2024-25

    4,074

    14,080

      *As on 23 October 2024                                                                                                

    Looking to the Future                                                                                      The vision for PMBJP is both ambitious and impactful, with plans to establish 25,000 Jan Aushadhi Kendras throughout India in the next two years. This expansion aims to further empower communities and enhance accessibility to healthcare, particularly for those who are

    underserved. Nearly 1 million people visiting these user-friendly Kendras daily, the PMBJP ensures that quality healthcare is within reach for everyone, transforming lives and improving

    health outcomes across the nation. By increasing the number of Kendras, PMBJP is dedicated to ensuring that every citizen can easily access the medications they need.

    Quality You Can Trust                                                                                    Quality assurance is a fundamental aspect of the PMBJP. Medicines are procured from manufacturers who comply with stringent standards, including WHO Good Manufacturing Practices (GMP). Each batch of drugs undergoes rigorous testing at laboratories accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL). This ensures that every product meets the highest standards of safety, efficacy, and compliance before reaching the consumer.

    By offering medicines at prices that are generally 50% lower—and in some cases 80% to 90% less than those of branded alternatives—PMBJP plays a crucial role in alleviating the financial burden of healthcare, particularly for those in need. This approach not only promotes health equity but also empowers individuals to prioritize their health without the stress of exorbitant costs.

    Conclusion                                                                                                      The Pradhan Mantri Bhartiya Janaushadhi Pariyojana is a shining example of how thoughtful initiatives can make a profound impact on society. The recent achievement of reaching Rs. 1000 Crores in sales in October 2024 serves as a testament to the trust and support of the community. PMBJP continues to pave the way for accessible, quality healthcare, ensuring that every citizen can enjoy a healthier future.

    By focusing on affordability and accessibility, PMBJP stands as a beacon of hope, championing health equity and empowering individuals across India. As it moves forward, the initiative not only transforms healthcare delivery but also inspires a collective vision of a healthier, more equitable nation.

    Reference:

    https://pib.gov.in/PressReleasePage.aspx?PRID=2066709 https://www.india.gov.in/spotlight/pradhan-mantri-bhartiya-janaushadhi-pariyojana

    https://janaushadhi.gov.in/pmjy.aspx#:~:text=Under%20the%20scheme%2C%20dedicated%20outlets

    ,are%20functional%20across%20the%20country. https://janaushadhi.gov.in/pmjy.aspx#

    Click here to download PDF

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    Santosh Kumar/ Sheetal Angral/ Ishita Biswas

    (Release ID: 2067441) Visitor Counter : 40

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Meeting of Prime Minister with Mr. Xi Jinping, President of the People’s Republic of China on the margins of the 16th BRICS Summit

    Source: Government of India (2)

    Posted On: 23 OCT 2024 7:14PM by PIB Delhi

    Prime Minister Shri Narendra Modi met with Mr. Xi Jinping, President of the People’s Republic of China, on the sidelines of the 16th BRICS Summit at Kazan on 23 October 2024.

    Welcoming the recent agreement for complete disengagement and resolution of issues that arose in 2020 in the India-China border areas, Prime Minister Modi underscored the importance of properly handling differences and disputes and not allowing them to disturb peace and tranquility. The two leaders agreed that the Special Representatives on the India-China boundary question will meet at an early date to oversee the management of peace & tranquility in border areas and to explore a fair, reasonable and mutually acceptable solution to the boundary question. The relevant dialogue mechanisms at the level of Foreign Ministers and other officials will also be utilized to stabilize and rebuild bilateral relations.

    The two leaders affirmed that stable, predictable, and amicable bilateral relations between India and China, as two neighbors and the two largest nations on earth, will have a positive impact on regional and global peace and prosperity. It will also contribute to a multi-polar Asia and a multi-polar world. The leaders underlined the need to progress bilateral relations from a strategic and long-term perspective, enhance strategic communication and explore cooperation to address developmental challenges.

     

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    MJPS/SR

    (Release ID: 2067439) Visitor Counter : 53

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  • MIL-OSI Asia-Pac: Anticipating Cyclone ‘DANA’s’ Impact, Paradip Port Authority Mobilizes Resources, Sets Up Shelters, and Prepares for Emergency Evacuations to Safeguard Lives and Operations

    Source: Government of India (2)

    Anticipating Cyclone ‘DANA’s’ Impact, Paradip Port Authority Mobilizes Resources, Sets Up Shelters, and Prepares for Emergency Evacuations to Safeguard Lives and Operations

    Ahead of Cyclone ‘DANA,’ Paradip Port Authority Implements Precautionary Measures Including Supply of Medicines, Food, and Safe Relocation of Ships to Mitigate Potential Disruptions

    Posted On: 23 OCT 2024 7:13PM by PIB Delhi

    As Cyclone “DANA” draws near, anticipated to affect Paradip Port on October 24th and 25th, 2024, the Paradip Port Authority has initiated a series of precautionary measures to ensure safety and minimize potential disruptions. The India Meteorological Department has issued warnings about the cyclone, prompting swift action from port authorities to protect both assets and personnel.

    In preparation for the severe weather conditions expected with Cyclone “DANA,” the Paradip Port Authority has focused on accelerating all ongoing operations. Directives have been issued to expedite cargo transportation and complete all loading activities from the ships berthed at the port. The priority is to ensure that these processes are wrapped up ahead of the cyclone’s arrival, thereby reducing any risk of damage to cargo and equipment. Additionally, ships currently docked at the port have been directed to move and anchor at designated safe locations at sea to avoid potential accidents or damage caused by turbulent waters.

     

    The safety and welfare of the port’s workforce and surrounding communities are most important during this time of crisis. Paradip Port Authority has arranged several critical facilities to aid in this effort. Among these, an adequate supply of essential items, including medicines, drinking water, and food, has been stocked to address any emergency needs that may arise during and after the cyclone’s impact. These provisions ensure that the immediate needs of those affected can be met swiftly, without delay.

    Moreover, the Paradip Port Authority has set up buses for the evacuation of people from areas that may be most vulnerable to the cyclone’s effects. These buses will facilitate the timely and efficient relocation of individuals to safer locations, minimizing risks to life and ensuring that everyone is moved out of harm’s way before the cyclone’s landfall.

    To manage any potential damage caused by strong winds and heavy rains, the port has also prepared equipment such as power saws for rapid tree cutting and debris removal. This will enable the quick clearance of roads and pathways, allowing for the continued movement of emergency services and aid distribution during the aftermath of the cyclone.

    Additionally, multiple cyclone shelters have been prepared to serve as temporary for those displaced by the storm. These shelters are equipped to accommodate affected individuals and provide a safe environment until it is deemed secure for them to return to their homes.

    The Ministry of Ports, Shipping, and Waterways is closely monitoring the situation and coordinating with all relevant authorities to ensure the safety and well-being of all stakeholders at Paradip Port.

     

    NKK/AK

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  • MIL-OSI Asia-Pac: Union Health Ministry organizes training of Safai Mitras on the ‘Swachhata hi Sewa’ module on the iGOT Platform as a part of Karmayogi Saptah and Special Campaign 4.0

    Source: Government of India (2)

    Union Health Ministry organizes training of Safai Mitras on the ‘Swachhata hi Sewa’ module on the iGOT Platform as a part of Karmayogi Saptah and Special Campaign 4.0

    About 3600 Safai Mitras trained across various Institutes under the Union Health Ministry

    Posted On: 23 OCT 2024 7:12PM by PIB Delhi

    Ms. Punya Salila Srivastava, Union Health Secy chaired  a training of Safai Mitras on the ‘Swachhata hi Sewa’ module on the iGOT Platform as a part of the Karmayogi Saptah (National Learning Week) launched by PM Shri NarendraModi on 19th October and Special Campaign 4.0.

    Around 90 Safai Mitras attended the event at Nirman Bhawan and more than 3500 Safai Mitras were trained in the Institutes under the Union Health Ministry across the nation at the same time.

    Prime Minister, Shri Narendra Modi had inaugurated the National Learning Week (NLW) on the 19th October, 2024, marking a new chapter in Civil Service Capacity Building under the Mission Karmayogi initiative. This groundbreaking effort aims to foster continuous skill enhancement and lifelong learning among civil servants, ensuring that their competencies align with the country’s evolving goals.

    The training session acknowledged the Safai Mitras for their unwavering dedication and also re-emphasized the importance of Swachhata in developing a Viksit Bharat.

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    MV

    HFW/Swachhata Training Module/23October2024/1

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  • MIL-OSI Asia-Pac: Integration between Public and Private sectors is crucial to future growth, says Dr. Jitendra Singh

    Source: Government of India (2)

    Integration between Public and Private sectors is crucial to future growth, says Dr. Jitendra Singh

    AI and BharatGen: Paving the Way for Inclusive Digital Transformation in India

    National Learning Week Session Emphasizes Collaborative Approach to Transform India’s Technological Landscape

    Posted On: 23 OCT 2024 7:01PM by PIB Delhi

    Integration between Public and Private sectors is crucial to future growth, emphasized Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology, Minister of State (Independent Charge) for Earth Sciences, MoS PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, in a pivotal session during the National Learning Week, jointly organized for all level of employees of all the Science Ministries and Departments.

     

    The Union Minister highlighted how the convergence of public sector requirements, private sector innovations, and government efforts is shaping the next phase of technological advancement in the country. Referring to BharatGen, India’s indigenously developed large language model (LLM), and the growing role of AI in governance, Dr.Jitendra Singh stressed that such collaborative efforts are vital to drive innovation, improve public service delivery, and ensure India remains competitive in the global AI landscape. The Minister noted that harnessing private sector expertise, combined with government initiatives like BharatGen and AI applications, will pave the way for scalable, inclusive, and efficient solutions for the nation’s diverse needs.

    Dr. Jitendra Singh further highlighted that the government’s role in this integration is to create an enabling environment that fosters innovation, supports startups, and ensures that technological advancements align with national priorities. “When public demands meet private sector creativity, and government policies facilitate growth, we can achieve scalable and sustainable solutions that benefit the entire country,” the Minister stated. He praised the ongoing collaboration between the public sector and private enterprises in areas like AI and LLMs, which are vital for India’s competitive edge in the global tech landscape.

    The session also saw participation from Secretary, Ministry of Science and Technology, Abhay Karandikar, Secretary Biotechnology Dr Rajesh Gokhale and Secretary, Ministry of Earth Sciences, Dr.M.Ravindran, who echoed Dr.Jitendra Singh’s views on the need for a united approach to ensure sustainable growth and innovation across sectors.

    BharatGen, an indigenously developed large language model (LLM) tailored for Indian languages, was the focal point of a session organized for employees of the Science Ministries as part of the National Learning Week. The session delved into the practical applications of BharatGen across various sectors, emphasizing its potential to revolutionize public service delivery and enhance citizen engagement. By using India-centric data, BharatGen can generate high-quality text and speech outputs in multiple Indian languages, making it a key tool for promoting digital inclusion in the country.

    Experts highlighted how BharatGen can be applied to sectors such as governance, healthcare, and education, helping bridge linguistic gaps and making digital services accessible to a larger segment of India’s population. The model’s ability to understand and respond in regional languages ensures that AI technology is not limited to English speakers, providing a more personalized experience for users. BharatGen’s applications can range from AI-driven customer support for government services to real-time translations and speech-to-text functionalities.

    One of the key takeaways from the session was BharatGen’s role in promoting India’s technological independence. Unlike global AI models, BharatGen prioritizes Indian languages and cultural contexts, addressing the unique challenges faced by the country. This AI model aligns with the vision of Atmanirbhar Bharat, ensuring that India retains control over its digital resources while empowering startups, industries, and public institutions to build on the BharatGen framework for various innovations.

     

    In a dedicated session on Artificial Intelligence (AI) during National Learning Week, employees from the Science Ministries were introduced to the transformative potential of AI in governance and public service delivery. The session highlighted how AI could be used to improve decision-making processes, streamline administrative tasks, and enhance citizen-centric services. By leveraging AI technologies, government departments can increase efficiency, reduce human error, and create more responsive systems to meet the evolving needs of the public.

    The session emphasized the ethical and responsible use of AI, particularly in safeguarding data privacy and maintaining transparency in government functions. Experts outlined the importance of developing AI frameworks that ensure fairness and accountability, particularly when dealing with sensitive data in sectors such as healthcare and governance. Participants were encouraged to explore AI applications in areas like predictive analysis for policy-making and automating routine tasks to focus on more strategic issues.

    A key highlight of the session was the importance of building AI models suited to India’s unique requirements. By focusing on regional languages and culturally relevant contexts, AI can better serve India’s diverse population. The participants were urged to continuously upgrade their AI skills, ensuring that India remains competitive globally while fostering innovation and inclusivity in public services.

    Concluding the session, Dr. Jitendra Singh reiterated the government’s commitment to strengthening partnerships between the public and private sectors, emphasizing that such collaborations are not just beneficial but necessary for India’s long-term growth. He expressed confidence that with sustained efforts and a shared vision, India will continue to lead in technological advancements that are both inclusive and forward-looking.

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Railways taking proactive measures to Minimize Cyclone Impact: Relief Operations, Passenger Safety, and Infrastructure Restoration in Focus

    Source: Government of India

    Ministry of Railways

    Railways taking proactive measures to Minimize Cyclone Impact: Relief Operations, Passenger Safety, and Infrastructure Restoration in Focus

    9 war rooms being established across 2 states to promptly restore rail services amid red alert along east coast

    Adequate arrangements including food and water in place at key stations to mitigate the impact of high wind force

    ‘Ensure maximum preparedness with minimal disruption’: Sh. Ashwini Vaishnaw, while reviewing preparedness to deal with ‘Dana’ cyclone

    Posted On: 23 OCT 2024 6:41PM by PIB Delhi

    In view of the severe cyclone ‘Dana’ likely to hit the coasts of Odisha & West Bengal, a high level meeting was conducted in the Ministry of Railways in which preparedness by the concerned Zonal Railways i.e East Coast Railway and South Eastern Railway was reviewed. The High level meeting was chaired by Union Minister for Railways Sh. Ashwini Vaishnaw and Chairman & CEO, Railway Board, all Board Members, General Managers of East Coast Railway and South Eastern Railway, Divisional Railway Managers of Kharagpur, Chakradharpur, Adra and Khurda Road had participated. The Minister for Railways instructed to ensure maximum preparedness with minimal disruption. He also advised that care must be taken to ensure minimum inconvenience to passengers.

    In the meeting, the General Managers of East Coast Railway & South Eastern Railway provided the details regarding preparedness by Railways, which are as under:

    • 9 Round-the-clock Dedicated War rooms shall be established at State Headquarters i.e Bhubaneswar & Garden Reach (Kolkata), Divisional offices of Khurda Road, Visakhapatnam, Sambalpur, Chakradharpur, Adra, Ranchi, Kharagpur and Balasore. These War Room shall be manned by  the officers of Engineering, S&T, Operating, Commercial & RPF so as to take any prompt decision on account of cyclone and will ensure early restoration of services and infrastructure. War Room/Emergency Control Rooms are operational with 20 satellite phones for uninterrupted communication with power back up. Railway is also maintaining constant communication with the India Meteorological Department to receive real-time updates and mobilize resources as necessary
    • Specialized teams are positioned for the swift restoration of tracks, signalling systems, and electrification at various locations such as Soro, Jaleswar and other important stations as and when necessary. Diesel locomotives are also on standby to ensure train operations if power outages occur.
    • More than 600 staff are deployed at all strategic locations such as Bhojudih , Bokaro Steel City, Soro, Nimpura, Adra, Rajgoda, Bachhrawan, Kendua, Kalaghar, Tapang, Chatarpur, Palasa, Hindol Road, Radhakishorepur, Kenduapada, Raghunathpur, Haridaspur with adequate stocks of restoration materials like 57 BOXN boulders, 86 BOBYN Ballast and 123 BOXN sand/ Moorum/ quarry dust etc. Relief vans, 49 Heavy machineries, 7 trolleys and other equipments are also kept on standby to respond to any emergencies. Scratch rake is planned and assembled for carrying relief material or any other requirement with 6-7 coach & placed at Kharagpur. Tower Wagons are arranged and placed at Balasore, Datan, Kharagpur, Rupsa & Haldia.
    • Stations along the Bhubaneswar-Visakhapatnam corridor are being closely monitored due to the Red Alert issued for coastal areas. Adjoining divisions viz. Chakradharpur & Adra are also kept on high alert along with Kharagpur division. A close watch is being maintained over railway bridges, tracks, yards, and signalling systems to prevent damage from heavy rain and flooding. Catch water drains and side drains are being cleared of obstructions like silt and vegetation. Standby Vehicles with drivers are planned at Soro, Balasore, Jaleswar, Kharagpur & Digha in order to tackle passenger evacuations and other contingencies.
    • DG power is planned as an alternative mode of power in Kharagpur-Panskura section, Kharagpur-Bhadrak Section, Tamluk- Haldia Section & Tamluk- Digha section respectively. De-watering pump will be placed at Tamluk, Panskura & Balasore stations. Big hoardings and bill-boards are planned to be removed from the circulating area of the major stations as a safety measure. Continuous Track-patrolling will start from 18 hrs. of 22.10.2024 to 18 hrs. of 25.10.2024, and will be extended if required.
    • Trains are to be controlled/stopped at stations depending upon the windforce and are planned to be regulated with all safety measures. Several train services have been cancelled, diverted, or short-terminated to minimize risk to passengers. These decisions are detailed in official bulletins, and passengers are advised to monitor updates via official railway channels.
    • Help Desk will be set up at all important stations viz. Puri – 8926100356, Khurda road 8926100215, Bhubaneswar- 8114382371, Cuttack– 8114382359, Paradip- 8114388302, Jajpur Keonjhar Road-8114382342, Bhadrak-8114382301, Palasa- 8114382319, Brahamapur- 8114382340 and Frequent Announcements will be made amongst passengers as well as public.
    • Medical Team with adequate Chlorine Tablet, Bleaching & other medicines are placed at Mecheda, Tamluk, Kharagpur & Balasore to tackle any need/emergency. Adequate food arrangements with baby food are made at all important stations in order to cater the trains which might be controlled due to cyclone. Water-tank of adequate capacity are planned & placed at all the important stations and at places where railway colonies are located.

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    Dharmendra Tewari/Kshitij Singha

    (Release ID: 2067428)

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: AI to be instrumental in realizing Prime Minister’s vision of a “Viksit Bharat” by 2047: Minister Hardeep S Puri at ENRich 2024

    Source: Government of India (2)

    AI to be instrumental in realizing Prime Minister’s vision of a “Viksit Bharat” by 2047: Minister Hardeep S Puri at ENRich 2024

    Potential economic impact of AI is immense; AI adoption can generate Rs 33.8 Cr of economic value in country by 2030: Hardeep Puri

    Shri Puri highlights role of AI in Transformation of Energy Sector

    Posted On: 23 OCT 2024 6:09PM by PIB Delhi

    Addressing the ENRich 2024, KPMG’s Annual Innovation and Energy Conclave, Shri Hardeep Singh Puri, Minister of Petroleum and Natural Gas, underscored the pivotal role of artificial intelligence (AI) in transforming the energy sector. With the theme “AI for Energy,” the Minister described the convergence of AI and energy as both timely and transformative, marking a critical step in shaping the future of the industry. He emphasized that AI is set to revolutionize operations, drive efficiency, and accelerate the shift towards a more sustainable energy landscape.

     

    The Minister highlighted how AI is rapidly being adopted across industries and will be instrumental in realizing the  Prime Minister’s vision of a “Viksit Bharat” by 2047.

    Focusing on the oil and gas sector, Shri Puri shared how AI and generative AI (GenAI) are optimizing operations by leveraging real-time data and insights. He pointed out that international oil companies are making significant investments in AI to enhance operational efficiency, improve safety, and contribute to the transition towards a low-carbon future.

    Shri Puri noted that the Indian Public Sector Undertakings (PSUs) in the energy domain are also harnessing AI and Machine Learning (ML) to improve safety, security, and operational efficiencies at various locations. Through advanced tools like demand forecasting, customer analytics, and pricing analytics, AI is enhancing the overall customer experience in the energy sector.

    In the upstream oil and gas sector, the Minister said, AI-enabled mechanisms such as deep learning are being used to analyze complex seismic data for identifying potential hydrocarbon reservoirs. Additionally, he said, AI-based prediction of drilling complications and real-time optimization of drilling parameters has proven effective in improving drilling efficiency and reducing operational costs.

    Shri Puri noted the comprehensive integration of AI tools across the energy value chain, from upstream exploration and production to midstream storage and downstream refining and distribution. He observed that this shift marks a departure from the traditional engineering mindset that has long dominated the industry.

    As an example, he pointed to the modernization of India’s National Data Repository, now upgraded to a cloud-based platform. This platform supported by a government investment of Rs. 7,500 crore, enables instant access to seismic and production data, he noted.

    Citing research by J.P. Morgan, the Minister discussed the potential of generative AI to increase global GDP by $7–10 trillion over the next three years, leading to a major boost in workforce productivity and reshaping the global economy.

    Shri Puri further emphasized that India, with its growing economy, youthful population, and thriving tech ecosystem, is poised to benefit greatly from AI. Reports suggest that AI adoption could contribute at least Rs. 33.8 lakh crore to India’s economy by 2030, he said.

    He also highlighted the success of the Universal Connectivity and Digital India initiatives, which have driven a dramatic increase in internet subscribers from 251.59 million in 2014 to 954.40 million in 2024, achieving a CAGR of 14.26%.

    The Minister applauded KPMG’s efforts to foster entrepreneurship and support the start-up ecosystem through initiatives like “ENRich Labs” for innovation and co-creation with the industry.

    Highlighting India’s booming start-up ecosystem, the Minister noted that India is now the world’s third-largest hub for unicorn start-ups, following the USA and China, with a combined valuation of approximately USD 350 billion. He emphasized that these start-ups are reshaping the Indian economy and transforming markets.

    Stressing on the oil and gas sector, Shri Puri shared that Oil and Gas PSUs have set up startup funds totaling Rs. 505 crore. So far, 287 start-ups have received funding, with Rs. 271 crore already disbursed to promote innovation and growth in the sector.

    The Minister also talked about the Avinya’25, launched recently based on the overwhelming success of Avinya’24. The initiative aims to encourage entrepreneurs, researchers, academicians, and students to propose innovative solutions that can shape the future of the energy sector. The application period for Avinya’25 opened on 30thSeptember 2024, with a submission deadline of 2ndDecember 2024. Shri Puri urged everyone to actively participate and contribute to the event’s success

    Shri Puri concluded by urging stakeholders to explore the untapped potential in India’s energy sector, stressing the importance of sustainable business practices that align with societal and environmental goals.

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  • MIL-OSI Asia-Pac: Union Minister Shri Jayant Chaudhary to felicitate WorldSkills 2024 winners tomorrow

    Source: Government of India

    Posted On: 23 OCT 2024 5:45PM by PIB Delhi

    Minister of State (I/C), Ministry of Skill Development and Entrepreneurship (MSDE) and MoS, Ministry of Education Shri Jayant Chaudhary to honor the outstanding achievements of the Indian delegation at the WorldSkills 2024 competition during a  Felicitation Ceremony in New Delhi tomorrow.

    India has made a remarkable mark on the global stage at WorldSkills 2024 at Lyon in France, by winning four Bronze medals in different categories. These are: Ashwitha Police in Patisserie and confectionery; Dhrumil Kumar Dhirendra Kumar Gandhi and Sathyajith Balakrishnan in Industry 4.0; Joethir Adithya Krishnapriya Ravikumar in Hotel Reception and Amaresh Kumar Sahu in Renewable Energy category.

    In addition, the Indian delegation earned 12 Medallions of Excellence, a testament to their exceptional skills and consistent performance across various trades. India’s performance at WorldSkills 2024 was a strong showing on the global stage, with the country competing against other global giants like China, Japan, Germany, and the USA.

    The event will also be graced by Shri Atul Kumar Tiwari, Secretary, MSDE, and Shri Ved Mani Tiwari, CEO, NSDC, Sector Skill Council Experts and Industry/Academia Partners for WorldSkills 2024.

    WorldSkills Lyon 2024 saw more than 1,400 participants from over 70 countries competing in diverse skill categories, and the Indian competitors stood its ground among the best in the world, showcasing their talent and innovation in front of an international audience. India competed in 52 skills against countries like China, Japan, Korea, Singapore, Germany, Brazil, Australia, Columbia, Denmark, France, UK, South Africa, Switzerland, USA, etc.

    The Indian contingent’s success at WorldSkills 2024 is a significant milestone in the country’s journey toward becoming a global skills leader. Winning the Bronze medal in Patisserie and Confectionery in France, the global epicenter of fine pastry and baking, is an extraordinary achievement. It signifies India’s rising prowess in culinary arts, proving that Indian talent can stand shoulder-to-shoulder with the best in a country renowned for its mastery in this craft.

    India’s 12 Medallions of Excellence at WorldSkills 2024 highlight the nation’s prowess across a range of traditional and emerging skills, from Mechatronics and Cyber Security to Jewellery and Beauty Therapy. These achievements underscore India’s leadership in both innovation-driven fields like Additive Manufacturing and Web Technology, as well as craftsmanship in areas like Cabinet Making and Cooking.

    The success of the Indian competitors at WorldSkills 2024 is a testament to the rigorous preparation and industry support they received throughout their journey. Each participant underwent extensive training, supported by industry experts, mentors, and the best-in-class infrastructure provided by organizations across various sectors.

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  • MIL-OSI Asia-Pac: Prime Minister participates in the 16th BRICS Summit

    Source: Government of India

    Posted On: 23 OCT 2024 5:42PM by PIB Delhi

    Prime Minister Shri Narendra Modi participated in the 16th BRICS Summit held under Russia’s Chairship, in Kazan today.

    The BRICS leaders had productive discussions including on strengthening multilateralism, countering terrorism, fostering economic growth, pursing sustainable development and bringing spotlight on the concerns of the Global South. The leaders welcomed the 13 new BRICS partner countries.

    ​Prime Minister addressed two sessions of the BRICS Summit. In his address, PM noted that the Summit is happening at a time when the world is undergoing several uncertainties and challenges including conflicts, adverse climatic impacts, and cyber threats, placing greater expectations upon BRICS. PM suggested that the group take a people-centric approach to tackle these challenges. PM also underlined the need for early adoption of a Comprehensive Convention on International Terrorism at the United Nations to combat the menace of terrorism.

    PM called upon BRICS to proactively push for global governance reforms. Recalling the Voice of Global South Summits hosted by India during its G-20 Presidency, he stressed that the group must give primacy to the concerns of the Global South. PM noted that the regional presence of the New Development Bank including in GIFT city, India, has created new values and impacts. Highlighting BRICS’ activities to foster economic growth, he emphasized that its efforts on trade facilitation in agriculture, resilient supply chains, e-commerce and Special Economic Zones have generated new opportunities. He underlined the need to prioritise small and medium scale industries. He expressed that the BRICS Startup Forum initiated by India which is to be launched this year would add significant value to the BRICS economic agenda.

    Prime Minister elaborated on the recent green initiatives undertaken by India including the International Solar Alliance, Coalition for Disaster Resilient Infrastructure, Mission LIFE and Green Credit initiative announced during COP28. He invited BRICS countries to join these initiatives.

    Prime Minister congratulated President Putin for successfully hosting the 16th BRICS Summit and conveyed wishes to Brazil as it takes over the presidency of the group. At the conclusion of the Summit, the leaders adopted the ‘Kazan Declaration’.

    Address of PM at the Closed Plenary may be seen here.

    Address of PM at the Open Plenary may be seen here.

     

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  • MIL-OSI Asia-Pac: Ministry of Heavy Industries Embarks on Special Campaign 4.0 to Enhance Swachhata and Reduce Pendency

    Source: Government of India

    Posted On: 23 OCT 2024 5:29PM by PIB Delhi

    Drawing inspiration from Hon’ble Prime Minister Shri Narendra Modi’s vision to institutionalize Swachhata and enhance workplace efficiency, the Ministry of Heavy Industries (MHI), along with its Central Public Sector Enterprises (CPSEs) and Autonomous Bodies (ABs), is actively participating in the main phase of Special Campaign 4.0. This campaign, which commenced on 2nd October and will continue through 31st October 2024, aims to make impactful improvements in public sector workplaces nationwide.

    Union Minister of Heavy Industries & Steel, Shri H.D. Kumaraswamy, actively participated in a cleanliness drive alongside workers at the HMT Campus in Bengaluru. He emphasized Hon’ble Prime Minister Shri Narendra Modi’s vision for a Swachh Bharat and called for continued efforts toward a “Swachh, Sundar, and Samarth Bharat” for future generations.

    During the Preparatory Phase of Special Campaign 4.0, MHI Secretary Shri Kamran Rizvi conducted inspections across identified cleanliness sites within MHI offices. He directed senior officers to contribute their best efforts to meet the targets set for the campaign, underscoring MHI’s commitment to a cleaner, more organized workplace environment.

     

    Significant Achievements in Special Campaign 4.0

    As a result of ongoing efforts, the campaign has already achieved substantial milestones:

    * Over 12.53 lakh sq. ft. of space has been cleared.

    * 24,997 physical files have been reviewed, with 7,428 files weeded out, and more than 3801 digital files closed.

    * Revenue of Rs. 1.59 crore has been generated through scrap disposal.

     

     

    On social media, more than 402 posts have been shared on X by official handles of CPSEs and ABs, highlighting the key activities and achievements under Special Campaign 4.0.

     

    Cleanliness and transformative drive at Nepa limited, a CPSE under MHI

     

    Cleanliness and transformative drive at BHEL’s Bhopal Unit

     

    Nationwide Engagement Across CPSEs/ABs

    CPSEs and ABs under MHI are actively carrying out cleanliness initiatives across their corporate offices, regional offices, manufacturing units, and project sites. Special cleanliness drives have been organized at over 923 sites across India, achieving 100% of the planned activities under the campaign.

    Cleanliness and transformative drive at HMT Machine Tools Bengaluru Complex

     

    Best Practices Adopted by CPSEs/ABs

    MHI and its affiliated bodies have adopted several best practices during Special Campaign 4.0, focusing on creating long-term value and setting benchmarks in workplace cleanliness and efficiency. These efforts underscore the Ministry’s commitment to contribute meaningfully to the Hon’ble Prime Minister’s vision for a cleaner and more efficient India.

    Cleanliness and transformative drive at ICAT, an Autonomous Body Under MHI

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  • MIL-OSI Asia-Pac: Ministry of Social Justice and Empowerment to host a mega cultural event – ‘Aradhana’ – Celebrating Graceful Ageing and the Richness of Indian Traditions

    Source: Government of India

    Ministry of Social Justice and Empowerment to host a mega cultural event – ‘Aradhana’ – Celebrating Graceful Ageing and the Richness of Indian Traditions

    The event to honour and celebrate senior citizens through a series of captivating cultural performances by artists aged over 60 years

    Posted On: 23 OCT 2024 5:23PM by PIB Delhi

    The Ministry of Social Justice and Empowerment (MoSJE) is set to host the mega cultural event ‘Aradhana’, with the theme, ‘Celebrating Graceful Ageing – Life Begins at 60’, on 24th October 2024, at Dr. Ambedkar International Centre (DAIC), New Delhi. Union Minister of State for Social Justice and Empowerment, Shri B. L. Verma would preside over the event as the Chief Guest. Other dignitaries in attendance would include Dr. Aabha Chaudhary, Chairperson, NGO Anugraha and senior officials of the Ministry.

    The event would be focusing on the Ministry’s commitment to the well-being of senior citizens and the promotion of active ageing in India. It would highlight the role that elders play in preserving and passing down the country’s rich artistic heritage. The event would honour and celebrate senior citizens through a series of captivating cultural performances by artists aged 60 years and above.

    Event Highlights:

    • A mesmerizing Odissi dance performance by Guru Ranjana Gauhar, an iconic figure in Indian classical dance.
    • A vocal recital by Pt. Sajan Mishra, one of India’s most respected classical vocalists, known for his soulful renditions.
    • An ensemble of folk-dance performances, showcasing the vibrant and diverse cultural traditions of India.

    ‘Aradhana’ would emphasize the traditional Indian values of the Guru Shishya Parampara, inter-generational solidarity, and the respect and care that senior citizens receive in Indian society. Through this celebration, the Ministry aims to foster a greater understanding of the cultural significance of ageing gracefully and the vital contributions that older adults make in preserving the traditions of art and culture.

    The event would serve as a platform to highlight the critical importance of inter-generational relationships, with a strong emphasis on preserving India’s cultural legacy. Through the performances, the event will promote respect, care, and appreciation for senior citizens as they continue to contribute to society in meaningful ways.

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  • MIL-OSI Asia-Pac: English Translation of Prime Minister’s Remarks at the Open Plenary of the 16th BRICS Summit

    Source: Government of India

    Posted On: 23 OCT 2024 5:22PM by PIB Delhi

    Your Highness,
    Excellencies,

    Ladies and Gentlemen,

    Congratulations to President Putin for the excellent organisation of the 16th BRICS Summit.

    And, once again, a warm welcome to all the new friends who have joined BRICS. In its new avatar, BRICS accounts for 40 per cent of the world’s humanity and about 30 per cent of the global economy.

    In the last nearly two decades, BRICS has achieved many milestones.I am confident that in the times to come, this organisation will emerge as a more effective medium to face global challenges.

    I would also like to convey warm greetings to Her Excellency Dilma Rousseff, President of the New Development Bank.

    Friends,

    In the last ten years, this bank has emerged as an important option for the development needs of the countries of the Global South.The opening of GIFT or Gujarat International Finance Tech City in India as well as regional centres in Africa and Russia has boosted the activities of this bank. And, development projects worth about USD 35 billion have been sanctioned. NDB should continue to work on the basis of the demand driven principle. And, while expanding the bank, ensuring long-term financial sustainability, healthy credit rating and market access should remain a priority.

    Friends,

    In its new expanded avatar, BRICS has emerged as an economy of more than USD 30 trillion dollars.The BRICS Business Council and the BRICS Women Business Alliance have played a special role in increasing our economic cooperation.

    This year, the consensus reached within BRICS on WTO reforms, trade facilitation in Agriculture, resilient supply chains, e-commerce and Special Economic Zones will strengthen our economic cooperation.Amidst all these initiatives, we should also focus on the interests of small and medium scale industries.

    I am pleased that the BRICS Startup Forum proposed during India’s presidency in 2021 will be launched this year. The Railway Research Network initiative taken by India is also playing an important role in increasing logistics and supply chain connectivity among BRICS countries. This year, the consensus reached by BRICS countries, in collaboration with UNIDO, to prepare a skilled work force for Industry 4.0 is quite significant.

    The BRICS Vaccine R&D Centre launched in 2022 is helping increase health security in all the countries. We would be happy to share India’s successful experience in Digital Health with BRICS partners.

    Friends,

    Climate Change has been a subject of our common priority.

    The consensus reached for the BRICS Open Carbon Market Partnership under Russia’s presidency is welcome. In India too, special emphasis is being laid on green growth, climate resilient infrastructure and green transition. Indeed, India has taken up several initiatives like the International Solar Alliance, Coalition for Disaster Resilient Infrastructure, Mission LiFE i.e. Lifestyle for Environment, Ek Ped Maa Ke Naam or a Tree in the name of mother.

    Last year, during COP-28, we started an important initiative called Green Credit.I invite BRICS partners to join these initiatives.

    Special emphasis is being laid on the construction of infrastructure in all BRICS countries.

    We have established a digital platform called the Gati-Shakti portal to rapidly expand multi-modal connectivity in India. This has helped in integrated infrastructure development planning and implementation and has reduced logistics costs.

    We will be happy to share our experiences with all of you.

    Friends,

    We welcome efforts to increase financial integration among BRICS countries.

    Trade in local currencies and smooth cross-border payments will strengthen our economic cooperation. The Unified Payments Interface (UPI) developed by India is a huge success story and has been adopted in many countries.

    Last year, together with His Highness Sheikh Mohamed, it was launched in the UAE as well. We can also cooperate with other BRICS countries in this area.

    Friends,

    India is fully committed to increasing cooperation under BRICS.

    Our strong belief in our diversity and multipolarity is our strength. This strength of ours, and our shared belief in humanity, will help in giving a meaningful shape to a prosperous and a bright future for the generations to come.

    I thank everyone for today’s very important and valuable discussions.

    As the next President of BRICS, I extend my heartfelt best wishes to President Lula. India will give its full support for the success of your BRICS presidency.

    Once again, many thanks to President Putin and all the leaders.

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

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: INDIAN ARMY TO HOST THE SECOND EDITION OF CHANAKYA DEFENCE DIALOGUE: A GLOBAL PLATFORM FOR STRATEGIC INSIGHTS

    Source: Government of India (2)

    Posted On: 23 OCT 2024 5:19PM by PIB Delhi

    The Indian Army is set to host the second edition of its flagship international seminar, the Chanakya Defence Dialogue, on October 24 and 25,, 2024  at the Manekshaw Centre, New Delhi. Themed “Drivers in Nation Building: Fuelling Growth Through Comprehensive Security,” this high-profile event will facilitate vital discussions on integrating security dynamics within national and international policymaking, and aims to craft visionary strategies for sustainable and inclusive growth.

    The two-day event will bring together an exceptional group of policymakers, strategic thinkers, academics, defence personnel, veterans, scientists, and SMEs from India and abroad, with prominent speakers from the United States, Russia, Israel, and Sri Lanka. The dialogue will explore India’s strategic pathways towards Viksit Bharat @2047, focusing on the role of comprehensive security in national development.

    Hon’ble Raksha Mantri Shri Rajnath Singh will inaugurate the event as the Chief Guest, where he will also launch the Indian Army’s Green Initiative 1.0 and Digitisation of IA 1.0. He will deliver a keynote address on ‘India’s Vision for Development and Security,’ underscoring the importance of comprehensive security in achieving Viksit Bharat @2047. General Upendra Dwivedi, Chief of the Army Staff, will also address the audience, highlighting the Indian Army’s significant contributions to nation-building, including initiatives aligned with Atmanirbhar Bharat.

    The Chanakya Defence Dialogue will consist of six expert-led sessions, each focusing on critical aspects of comprehensive security:

    Session 1. Geopolitical Dynamics: Navigating the International Coliseum

    This session will delve into the shifting geopolitical landscape and how nations navigate strategic partnerships while balancing national interests and global objectives. The panel will explore the impact of evolving global power structures on India’s strategic positioning, highlighting the growing importance of alliances and multilateral cooperation in an increasingly polarized world.

    Moderator: Ms Palki Sharma (Network 18)

    Panellists:

    • Ms. Lisa Curtis (Centre for a New American Security)
    • Ms. Carice Witte (SIGNAL Group, Israel)
    • Ambassador Kanwal Sibal (Former Foreign Secretary, Government of India)

    The panel will provide insights into geopolitical shifts, focusing on India’s role in the Indo-Pacific, its relations with key global powers, and the opportunities and challenges these present for India’s national security and development goals.

    Session 2. Economic Development Strategies & National Security Imperatives

    This session will examine how economic development and national security are interconnected, exploring the importance of a resilient economy for maintaining a strong defence posture. Panellists will discuss strategies for integrating economic policies with national security imperatives, and how India can leverage its growing economic strength to enhance its global influence.

    Moderator: Ms. Gaurie Dwivedi (NDTV)

    Panellists:

    • Mr. Asanga Abeyagoonasekera (IMF Technical Advisor)
    • Dr. G S Reddy (Former Scientific Advisor to the Prime Minister)
    • Dr. Sanjeev Sanyal (Member, PM’s Economic Advisory Council)

    Key themes will include leveraging economic reforms, boosting domestic industrial capacities, and aligning economic growth with defence production under the Atmanirbhar Bharat initiative. The session will also explore how economic resilience can act as a deterrent against external threats.

    Session 3. Environmental Sustainability: Balancing Growth with Ecological Concerns

    With growing global focus on climate change, this session will explore the need to balance economic growth with environmental sustainability. It will discuss how India can achieve development goals while ensuring that ecological concerns are addressed, particularly in the context of national security.

    Moderator: Dr. Tara Kartha (Director Research & Academics, CLAWS)

    Panellists:

    • Ms. Elizabeth Threlkeld (Stimson Center, US)
    • Mr. Rushikesh Chavan (Habitats Trust)
    • Lt Gen S A Hasnain (Retd)

    Panellists will discuss how sustainable development can contribute to long-term security by mitigating resource-driven conflicts, enhancing disaster preparedness, and ensuring the well-being of future generations. The session will emphasize the role of the military in ecological preservation, particularly in high-altitude and environmentally sensitive regions.

    Session 4. Social Cohesion and Inclusive Growth: Pillars of a Secure Nation

    This session will focus on the importance of social unity and inclusive growth for national security. The panel will examine how internal security can be strengthened by fostering social cohesion, addressing economic disparities, and promoting inclusive development across all sections of society.

    Moderator: Mr. RR Swain (Former DGP J&K Police)

    Panellists:

    • Dr. Sudhanshu Trivedi (Member of Parliament)
    • Ms. Meenakshi Lekhi (Former MP and Lawyer)
    • Gen V K Singh (Retd) (Former COAS & ex-Minister of State for External Affairs)

    The discussion will highlight the role of law enforcement, legal frameworks, and policy initiatives in promoting internal security, with a focus on integrating marginalized communities into the national fabric. The panellists will offer strategies to merge social cohesion initiatives with internal security policies, fostering a shared national identity and promoting peace and stability.

    Session 5. Blurring Frontiers: The Convergence of Technology & Security

    This session will explore the integration of emerging technologies into national security frameworks. As new technologies such as artificial intelligence, cyber warfare, and unmanned systems revolutionize warfare, the session will discuss how India can stay ahead of the curve while ensuring that technological advancements are deployed ethically and responsibly.

    Moderator: Lt Gen Raj Shukla (Retd)

    Panellists:

    • Dr. Chintan Vaishnav (NITI Aayog)
    • Brig Gen Eran Ortal (SIGNAL Group, Israel)
    • Mr. Dmitry Stefanovich (IMEMO, Russia)

    Panellists will explore the advantages and challenges of integrating AI, robotics, and other emerging technologies into security operations. The session will also address ethical considerations such as privacy, responsible use, and societal alignment, ensuring that technological advances serve national security without compromising civil liberties.

    Session 6. Groundbreakers: Shaping Land Warfare, Reflections for the Indian Army

    This concluding session will focus on the future of land warfare and how the Indian Army can adopt advanced technologies to enhance battlefield readiness. Panellists will examine lessons from global military practices and how India can foster homegrown defence technologies under the Atmanirbhar Bharat initiative.

    Moderator: Vice Admiral A B Singh (Retd)

    Panellists:

    • Dr. Konstantin Bogdanov (IMEMO, Russia)
    • Prof. Amit Gupta (University of Illinois, US)
    • Dr. Patrick Bratton (US Army War College)

    The discussion will explore the evolving nature of land warfare, emphasizing the need for the Indian Army to develop indigenous technological capabilities while leveraging strategic partnerships with global military and industrial leaders. The panel will debate how to balance innovation with operational effectiveness, creating responsible and sustainable military solutions.

    On the second day, Chanakya Defence Dialogue will feature special addresses by Dr. S Somanath, Chairman of ISRO, on the critical significance of India’s expanding space sector, and Ms. Ruchira Kamboj, Former Permanent Representative of India to the UN, who will share insights on India’s evolving position in a multipolar world and the need for strong diplomatic measures to safeguard national interests.

    The dialogue will conclude with a closing address by Lt Gen N S Raja Subramani, Vice Chief of the Army Staff, who will summarize the key takeaways from the event, reaffirming the Indian Army’s commitment to ensuring a secure, prosperous, and Viksit Bharat @2047.

    Through its comprehensive and diverse discussions, the Chanakya Defence Dialogue 2024 will serve as a landmark platform, fostering collaboration among military leaders, policymakers, strategic thinkers, and security specialists from around the world. This event is set to influence India’s strategic direction on national security and development, helping shape a secure and thriving future for the nation.

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  • MIL-OSI Asia-Pac: PM Young Achievers’ Scholarship Award Scheme for Vibrant India (PM YASASVI)

    Source: Government of India (2)

    Posted On: 23 OCT 2024 5:17PM by PIB Delhi

    Background/Introduction

    With a vision of “Sabka Sath, Sabka Vikas”, the Ministry of Social Justice and Empowerment has implemented the PM Young Achievers Scholarship Award Scheme for Vibrant India (PM-YASASVI). This comprehensive umbrella scheme is aimed at uplifting students from Other Backward Classes (OBC), Economically Backward Classes (EBC), and Denotified Tribes (DNT) by providing them with access to quality education during their formative years.

    The PM YASASVI scheme consolidates and enhances several earlier initiatives, including the Dr. Ambedkar Post-Matric Scholarship Scheme for EBCs and the Dr. Ambedkar Pre-Matric and Post-Matric Scholarship Scheme for DNTs, which were subsumed under this program starting from 2021-22. By integrating these schemes, PM YASASVI aims to ensure a more streamlined and impactful approach to supporting the educational needs of socially and economically disadvantaged students.

     

    Objective

    The overarching goal of the scheme is to promote educational empowerment among these vulnerable groups, helping them overcome financial barriers and complete their education. This initiative not only fosters individual academic growth but also contributes to the broader vision of creating a more inclusive and equitable society.

    Under this Scheme students can avail Pre-Matric Scholarship from Class 9 to 10 and Post Matric Scholarship for their higher studies at post-matriculation or post-secondary stage. Students who excel in their studies also get an opportunity of Scholarship to study in Top Class Schools and Colleges under the Scheme of ‘Top Class School Education’ and ‘Top Class College Education’. Hostel facilities are also provided to OBC students under the ‘Scheme of Construction of Hostels for OBC boys and girls.’

    PM –YASASVI for OBC, EBC and DNT students has been formulated having following five sub-schemes:

    • Pre-Matric Scholarship for OBC, EBC and DNT Students
    • Post-Matric Scholarship for OBC, EBC and DNT Students
    • Top Class School Education for OBC, EBC and DNT Students
    • Top Class College Education for OBC, EBC and DNT Students
    • Construction of Hostel for OBC Boys and Girls

    Scope

    The Pre-Matric Scholarship is designed for students in classes IX and X attending government schools, offering an annual academic allowance of Rs. 4,000 to families with an income below Rs. 2.5 lakh. For the 2023-24 academic year, Rs. 32.44 crore has been allocated to states and Union Territories for its implementation. The Post-Matric Scholarship supports students pursuing post-secondary education, providing academic allowances ranging from Rs. 5,000 to Rs. 20,000 based on the category of the course. For this scheme, Rs. 387.27 crore has been released for the current year.

    Additionally, the Top Class School and College Education schemes are designed to support meritorious students from OBC, EBC, and DNT categories. These programs cover tuition fees, hostel expenses, and other academic costs, with school students (Class 9-12) eligible for funding up to Rs. 1.25 lakh annually. College students at top institutions receive full financial support, including tuition, living expenses, and educational materials. To further enhance access to education, Rs. 12.75 crore has been allocated in 2023-24 under the ‘Construction of Hostels for OBC Boys and Girls’ scheme, which aims to provide accommodation for socially and educationally backward students near government schools and institutions, ensuring they have better access to quality education.

    Benefits

    The PM YASASVI aligns with the government’s broader vision of fostering inclusivity, equity, and societal upliftment. By offering comprehensive support to students from OBC, EBC, and DNT categories, it directly addresses the systemic barriers that prevent many from accessing quality education. This initiative not only ensures financial assistance but also promotes educational empowerment for some of the most vulnerable sections of society, thereby creating opportunities for upward mobility and self-reliance.

    The scheme’s focus on supporting students at both school and college levels helps to nurture talent from an early age and carry it through to higher education, laying a strong foundation for personal and professional growth. Moreover, by integrating earlier scholarship initiatives into a single, streamlined program, PM YASASVI enhances the impact of these efforts, contributing to the creation of a more inclusive and equitable education system. PM-YASASVI is ensuring that no student is left behind in the pursuit of academic and social progress. This scheme is playing a crucial role in the welfare and upliftment of marginalized communities, enabling them to contribute meaningfully to the vision of Viksit Bharat @ 2047.

    Impact

    The PM YASASVI (Young Achievers Scholarship Award Scheme for Vibrant India) scheme has made significant strides in providing financial assistance to students from Other Backward Classes (OBC), Economically Backward Classes (EBC), and De-Notified Tribes (DNT). In Financial Year 2023-24, a substantial sum of ₹ 193.83 cr. was allocated for the Pre-Matric Scholarship, benefiting 19.86 lakh students during 2023-24, with further beneficiaries for 2023-24 expected. Similarly, under the Post-Matric Scholarship scheme, ₹988.05 cr. was released, benefiting 27.97 lakh students in 2023-24. These scholarships aim to empower underprivileged students by alleviating financial burdens, thereby promoting education across marginalized communities.

    Additionally, the government has invested in other educational support initiatives. ₹14.30 cr. has been released for the construction of hostels, accommodating 1146 students in 2023-24. Top-class education programs and overseas study interest subsidies have also seen significant funding, reaching thousands of students. For example, ₹ 111.18 cr. was allocated to support 4762 students in top Class education in college scheme and Rs. 6.55 Cr. Was allocated to support 2602 students in Top Class education in Schools for OBC, EBC & DNT Students and ₹ 56.24 Cr. was granted as interest subsidies to 2789 students pursuing overseas education. These efforts reflect the growing impact of the PM YASASVI scheme, which is transforming the educational landscape for disadvantaged students, enabling them to achieve their academic potential and contributing to overall societal upliftment.

    *Any additional documents specified in the application form

     

    Key Points

    • Selection Process: The YASASVI Entrance Test (YET) 2023 is the basis for candidate selection, conducted by the National Testing Agency (NTA) under the direction of the Ministry of Social Justice and Empowerment (MSJ&E), Government of India.
    • Eligibility: Open to OBC, EBC, and DNT students with a total annual family income of up to ₹2.50 lakhs. Additional eligibility criteria may apply, depending on the specific scholarship scheme.
    • Where to Apply: Eligible students can apply online at the National Scholarship Portal: scholarships.gov.in.

    Conclusion

    By offering a comprehensive array of scholarships and support programs, PM-YASASVI is addressing the financial constraints that often hinder access to education for marginalized communities. The integration of various earlier schemes into one streamlined initiative ensures that students are supported from their school years through to higher education, creating pathways for personal and professional growth. With the government’s ongoing commitment to expanding access to quality education, the PM YASASVI Scheme is making a tangible impact on the lives of thousands of students, helping to create a more inclusive and prosperous India.

    References:

    https://www.myscheme.gov.in/schemes/pm-yasasvitcceobcebcdnts

    https://socialjustice.gov.in/public/ckeditor/upload/65661651839791.pdf

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1999638

    https://pib.gov.in/Pressreleaseshare.aspx?PRID=1847840

    https://pib.gov.in/PressReleseDetailm.aspx?PRID=1844993&reg=3&lang=1

    https://pib.gov.in/PressReleseDetail.aspx?PRID=1913930&reg=3&lang=1

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1808243

    https://yet.nta.ac.in/

    Click here to see in PDF:

    Santosh Kumar/ Sarla Meena/ Kajal Sumal

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: National Learning Week: Empowering India’s Public Service through Knowledge Sharing

    Source: Government of India (2)

    National Learning Week: Empowering India’s Public Service through Knowledge Sharing

    Speakers for tomorrow’s webinars (24-10-2024)

    Posted On: 23 OCT 2024 5:13PM by PIB Delhi

    As ‘Karmayogi Saptah’ progresses under the banner of Mission Karmayogi, launched by Prime Minister Shri Narendra Modi, the National Learning Week (NLW) continues to foster lifelong learning and skill development for civil servants. The webinars scheduled for October 24, 2024, feature prominent experts discussing a wide range of topics critical to building India’s future, including research, infrastructure, public health, workplace culture, and education.

    The goal is to provide actionable insights for government officials to improve their effectiveness and contribute to a stronger, more responsive public service.

    Key Highlights of the Day:

    Mr Kris Gopalakrishnan

    Topic: Making India an R&D Superpower

    Time: 9 am – 10 am

    Mr Kris Gopalakrishnan, Chairman of Axilor Ventures, will address India’s journey towards becoming a global leader in research and development (R&D). He will highlight the critical areas where India can advance to build robust innovation ecosystems that propel the country towards R&D excellence.

    Mr Vinayak Chatterjee

    Topic: Stages of Infrastructure Development: The Indian Experience

    Time: 10 am – 11 am

    Founder and Managing Trustee of The Infravision Foundation, Mr Vinayak Chatterjee will discuss India’s infrastructure development journey. His talk will cover key phases of growth, challenges faced and the path forward for creating sustainable and world-class infrastructure.

    Dr. Soumya Swaminathan

    Topic: India Public Health Towards Viksit Bharat

    Time: 12 pm – 1 pm

    Dr. Soumya Swaminathan, Chairperson of the M.S. Swaminathan Research Foundation (MSSRF), will shed light on India’s public health challenges and solutions. She will outline a vision for how public health efforts can contribute to realizing the goal of a developed India (‘Viksit Bharat’).

    Sister B.K. Shivani

    Topic: Creating a Mindful Work Culture: Strategies for Leaders and Teams

    Time: 3 pm – 4 pm

    Sister B.K. Shivani from the Brahma Kumaris World Spiritual Organization will lead a session on building a mindful work culture. Her presentation will focus on how leaders and teams in public service can foster a supportive, mentally healthy, and balanced work environment through mindfulness and self-awareness.

    Mr Anurag Behar

    Topic: Inclusive Education & Capacity Building for Public Service

    Time: 5 pm – 6 pm

    Mr Anurag Behar, CEO of the Azim Premji Foundation and Chancellor of Azim Premji University, Bhopal, will explore how inclusive education can contribute to strengthening public service. His session will cover the role of capacity building in ensuring that civil servants are well-equipped to serve all sections of society, particularly the marginalized.

    These sessions reflect the core tenets of Mission Karmayogi, reinforcing the importance of continuous learning, capacity building, and leadership development for public servants. The webinars aim to inspire officials to take a proactive role in shaping India’s future through informed decision-making and innovative solutions.

    ***

    NKR/KS/AG

    (Release ID: 2067371) Visitor Counter : 48

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: 150 countries to celebrate ‘Ayurveda Day 2024’ on 29th October

    Source: Government of India (2)

    150 countries to celebrate ‘Ayurveda Day 2024’ on 29th October

    “Ayurveda Innovations for Global Health” gives new dimensions to the contribution of Ayurveda for Humanity: Shri Prataprao Jadhav, MoS(I/C) Ministry of Ayush

    Ayush Digital Initiatives transforming Industry: Secretary, Ministry of Ayush

    Posted On: 23 OCT 2024 4:57PM by PIB Delhi

    The Ministry of Ayush is all set to celebrate 9thAyurveda Day on 29.10.2024. This year more than 150 countries across the globe have geared up for Ayurveda Day that is being celebrated around the theme “Ayurveda Innovations for Global Health”. On this occasion, the ministry of Ayush is going to organize a grand event at the All India Institute of Ayurveda (AIIA), New Delhi .

    Shri Prataprao Jadhav, Union Minister of State, Ayush (I/C), Ministry of Ayush talked about the significance of Ayurveda Day and said, “Ayurveda Day has now become a global movement. We are proud to learn that as many as 150 countries are expected to join Ayurveda Day celebrations 2024. He also highlighted the focus of the Ministry while underlining the theme of Ayurveda Day 2024 and added “The theme of this year’s Ayurveda Day celebrations gives new dimensions to the contribution of Ayurveda to global health. Our aim is to promote Ayurveda globally as a robust system of medicine for the welfare of public. Under this, the All India Institute of Ayurveda has initiated a month-long programme across the country.”

    While highlighting the vision of Ministry, Vaidya Rajesh Kotecha, Secretary, Ministry of Ayush said, “Through the Ayurveda Day celebrations, Ayush focuses on integrating Ayurveda with contemporary science to address critical health issues including non-communicable diseases, mental health, antimicrobial resistance, and geriatric care.”

    Talking about the latest initiatives of the Ministry, he further added, “Ayurveda knowledge is made conveniently accessible to public through digital platforms under the umbrella of Ayush Grid including major initiatives such as Ayurgyan Scheme, Ayush Research Portal, and Namaste Portal.” Currently, Ayurveda is recognized in as many as 24 countries across the globe, while Ayurveda products are exported to over 100 countries”.

    This year’s celebration will witness significant participation from startups and industry, positioning Ayurveda at the heart of global health innovation. Leading Ayurveda experts have expressed their thoughts and hopes for this important event. Ayush professionals are particularly enthusiastic about this year’s celebrations on the theme surrounding innovation in Ayurveda.

    Dr. Manoj Nesari, Advisor, Ministry of Ayush and Director, North Eastern Institute of Ayurveda and Homeopathy (NEIAH), Shillong, said, “The theme ‘Ayurveda Innovation for Global Health’ has been specifically chosen to highlight the huge research work done in Ayurveda to establish the scientific relevance of Ayurveda in promotion of health and treatment of various disease conditions. This also highlights the relevance of Ayurveda for the healthcare of the people across the globe irrespective of their religion, ethnicity, social status and geographical boundaries. The special focus in innovation would attract and inspire our youngsters to indulge in Ayurveda and establish startups. I also see lots of vibration and enthusiasm in the people of North East states and rising acceptance of Ayurveda in all North East states.”

    Dr. Mohan Singh, Director Ayush, Jammu & Kashmir, stated, “Given the theme of this year’s celebrations, we are all excited to be part of the Ayurveda Day 2024 activities. We anticipate an extraordinary confluence of professionals, researchers, and startups, all dedicated to creating a healthier, more sustainable world through the power of Ayurveda.”

    Dr. Sanjeev Sharma, Vice Chancellor of the National Institute of Ayurveda, added, “The commitment and passion of our students and scholars who are preparing for the Ayurveda Day 2024 celebrations is inspiring. This would be an opportunity to explore new dimensions of holistic health, where ancient wisdom combines with modern innovation for global health.”

    Dr. B.J. Patagiri, Director, Institute of Teaching and Research in Ayurveda (ITRA) mentioned, “The participation of students, scholars, and innovators in this year’s celebration is a testament to how tradition and innovation together can revolutionize global health.”

    Ministry of Ayush continues to work toward integrating Ayurveda into the mainstream of global health. Initiatives such as the WHO Global Traditional Medicine Centre (GTMC), Ayushman Bharat Yojana, and the Research Centre for Innovation in Ayurveda Biology are advancing Ayurveda’s role in the global health system. Additionally, the reactivated “I Support Ayurveda” Campaign aims to garner over 250 million votes in support of Ayurveda. Last year’s campaign was a tremendous success, with 160 million votes.

    As the world moves toward Ayurveda Day on 29thOctober 2024, the Ministry of Ayush, its partner institutions, professionals, and Ayurveda enthusiasts around the globe are excited for this unique celebration. Through innovation and collaboration, Ayurveda is poised to offer sustainable solutions for global health and well-being.

    It is to note that the celebration of Ayurveda Day takes place annually on the auspicious occasion of Dhanvantari Jayanti (Dhanteras). Since inception in 2016, Ayurveda Day has gained global significance. This year’s celebrations are filled with energy and enthusiasm, culminating in a closing ceremony on 29th October 2024. Throughout the month, various events and activities are being organised nationwide, highlighting the importance of Ayurveda in health promotion and disease prevention.

    ****

    MV/AKS

    (Release ID: 2067357) Visitor Counter : 85

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Fort Fisher’s New Visitor Center to Open to the Public Oct. 30

    Source: US State of North Carolina

    Headline: Fort Fisher’s New Visitor Center to Open to the Public Oct. 30

    Fort Fisher’s New Visitor Center to Open to the Public Oct. 30
    jejohnson6

    KURE BEACH

    A little more than two years after construction began and local flooding delayed the opening, the new visitor center at Fort Fisher State Historic Site will open to the public Wednesday, Oct. 30 from 9 a.m.-5 p.m. Admission is free.

    The new two-story visitor center, which has been in planning since 2010, cost approximately $25.5 million and is expected to serve more than 1 million visitors annually. At 20,000 square feet, it is approximately three times the size of its 1965 predecessor.

    The centerpiece of the visitor center is a new exhibit that interprets a full and nuanced history of the site. Encompassing centuries of regional history, from pre-colonial times through Fort Fisher’s role in World War II, the “Through Their Eyes” exhibit is built on numerous historical perspectives. Rather than a collection of dates and battles, the exhibit powerfully centers men, women, and children from a multitude of backgrounds, eras, and experiences.

    The new visitor center (1610 Fort Fisher Blvd S, Kure Beach) has nearly twice the exhibit space of the former, plus amenities like a 100-seat orientation theater, an expanded gift shop, and a multipurpose room suitable for rentals such as banquets, wedding receptions, educational activities, and classroom instruction. Along the tour trail, visitors can view reconstructed earthworks — specifically, the fort’s 6th, 7th, and 8th traverses — a center sally port, and an ammunition magazine with a working tunnel system.

    Known as the “Gibraltar of the South,” Fort Fisher protected the port of Wilmington during the American Civil War until it fell to U.S. forces in January 1865. In 1961, the site was designated a National Historic Landmark. Its original visitor center was built to accommodate an expected 25,000 visitors a year.

    About the North Carolina Department of Natural and Cultural Resources
    The N.C. Department of Natural and Cultural Resources (DNCR) manages, promotes, and enhances the things that people love about North Carolina – its diverse arts and culture, rich history, and spectacular natural areas. Through its programs, the department enhances education, stimulates economic development, improves public health, expands accessibility, and strengthens community resiliency.
    The department manages over 100 locations across the state, including 27 historic sites, seven history museums, two art museums, five science museums, four aquariums, 35 state parks, four recreation areas, dozens of state trails and natural areas, the North Carolina Zoo, the State Library, the State Archives, the N.C. Arts Council, the African American Heritage Commission, the American Indian Heritage Commission, the State Historic Preservation Office, the Office of State Archaeology, the Highway Historical Markers program, the N.C. Land and Water Fund, and the Natural Heritage Program. For more information, please visit www.dncr.nc.gov.
    Oct 23, 2024

    MIL OSI USA News –

  • MIL-OSI USA: North Carolina Museum of History Announces 29th Annual American Indian Heritage Celebration

    Source: US State of North Carolina

    Headline: North Carolina Museum of History Announces 29th Annual American Indian Heritage Celebration

    North Carolina Museum of History Announces 29th Annual American Indian Heritage Celebration
    jejohnson6

    The North Carolina Museum of History is excited to announce the 29th Annual American Indian Heritage Celebration, which will take place on Saturda     y, Nov. 23, from 11 a.m. to 4 p.m. This highly anticipated event brings together members of all eight state-recognized tribes for a vibrant day of performances, demonstrations, and presentations that showcase the artistic, historical, and cultural contributions of American Indians in North Carolina.

    This year’s festival will be held at the North Carolina Museum of Natural Sciences, a temporary venue change due to ongoing renovations at the Museum of History. The renovations will expand and enhance future visitor experiences.

    The festival invites visitors to immerse themselves in the rich and diverse Indigenous heritage of the state. From traditional dance performances and drumming to contemporary discussions on the contributions of American Indians to modern science, art, and culture, the event offers a unique opportunity to learn and celebrate.

    Event highlights include:

    • Virtual Education Day: Students, teachers, and lifelong learners are invited to join a free Virtual Education Day on Friday, Nov. 23, celebrating the richness and diversity of North Carolina’s American Indian community. Attendees can enjoy a variety of presentations, including a live dancing and drumming demonstration.
    • Grand Entry Procession: The celebration kicks off with a ceremonial Grand Entry, where members of the eight state-recognized tribes will process through Bicentennial Plaza. Dressed in traditional regalia, they will perform dances and songs accompanied by the powerful sound of drums and flutes.
    • Cultural Booths and Demonstrations: Throughout the museum, visitors can interact with artists, historians, and cultural practitioners. Demonstrations will range from beadwork and pottery to discussions on the impact of American Indian traditions on North Carolina’s past and present.
    • Hands-on Activities for All Ages: Families and children can engage in traditional games like corncob darts or participate in hands-on activities exploring American Indian crafts and customs.
    • Native-Owned Food Trucks: Savor the flavors of Indigenous cuisine with a visit to the Native-owned food trucks, serving delicious staples like fry bread and other traditional dishes.
    • Artisans and Vendors: Guests are encouraged to browse and purchase authentic, handmade items from Native artists and vendors, including jewelry, pottery, textiles, and more.

    The American Indian Heritage Celebration is a signature event for the museum, providing a space for people of all backgrounds to engage with the enduring legacy and culture of North Carolina’s Indigenous communities. Whether through learning, art, or food, there are endless ways to experience and appreciate the richness of American Indian heritage.

    For more information and to view the full schedule of events, please visit NC-AIHC.com.

    _____________________________________________________________________

    About the N.C. Museum of History

    The North Carolina Museum of History, a Smithsonian Affiliate, fosters a passion for North Carolina history. This museum collects and preserves artifacts of state history and educates the public on the history of the state and the nation through exhibits and educational programs. Admission is free. In 2023, more than 355,000 people visited the museum to see some of the 150,000 artifacts in the museum collection. The Museum of History, within the Division of State History Museums, is part of the N.C. Department of Natural and Cultural Resources.

    About the Smithsonian Affiliations Network

    Since 2006, the North Carolina Museum of History has been a Smithsonian Affiliate, part of a select group of museums and cultural, educational and arts organizations that share Smithsonian resources with the nation. The Smithsonian Affiliations network is a national outreach program that develops long-term collaborative partnerships with museums and other educational and cultural organizations to enrich communities with Smithsonian resources. More information is available at affiliations.si.edu.

    About the North Carolina Department of Natural and Cultural Resources

    The N.C. Department of Natural and Cultural Resources (DNCR) manages, promotes, and enhances the things that people love about North Carolina – its diverse arts and culture, rich history, and spectacular natural areas. Through its programs, the department enhances education, stimulates economic development, improves public health, expands accessibility, and strengthens community resiliency.

    The department manages over 100 locations across the state, including 27 historic sites, seven history museums, two art museums, five science museums, four aquariums, 35 state parks, four recreation areas, dozens of state trails and natural areas, the N.C. Zoo, the State Library, the State Archives, the N.C. Arts Council, the African American Heritage Commission, the American Indian Heritage Commission, the State Historic Preservation Office, the Office of State Archaeology, the Highway Historical Markers program, the N.C. Land and Water Fund, and the Natural Heritage Program. For more information, please visit www.dncr.nc.gov.

    Oct 23, 2024

    MIL OSI USA News –

  • MIL-OSI: Onity Group Announces Pricing of $500 Million of Senior Notes Due 2029

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, Fla., Oct. 23, 2024 (GLOBE NEWSWIRE) — Onity Group Inc. (NYSE: ONIT) (“Onity”), a leading non-bank mortgage servicer and originator, today announced that PHH Escrow Issuer LLC (“Escrow Issuer”), a wholly-owned special purpose subsidiary of PHH Corporation (“PHH”), priced the previously announced offering of $500 million aggregate principal amount of 9.875% Senior Notes due 2029 (the “Notes”). The price to investors will be 99.556% of the principal amount of the Notes. The issuance and sale of the Notes is expected to close on November 6, 2024, subject to customary closing conditions.

    The Notes will initially be issued by Escrow Issuer. The net proceeds from the sale of the Notes, together with additional cash from Onity, are expected to be placed into escrow pending the satisfaction of certain conditions, including, but not limited to, the consummation of the recently announced sale by Onity of its 15% ownership interest in MSR Asset Vehicle LLC to certain funds affiliated with Oaktree Capital Management, L.P. (the “MAV Sale”). Upon satisfaction of the escrow conditions, the escrowed proceeds will be released to PHH Corporation, and at that time PHH Corporation, along with Onity and certain subsidiaries of PHH, will enter into a supplement to the indenture governing the Notes pursuant to which PHH will become a co-issuer of the Notes and Onity and such subsidiaries will become guarantors of the Notes.

    Upon their release from escrow, the net proceeds from the offering will be used, together with the net proceeds from the MAV Sale and cash on hand, to redeem all of PHH Mortgage Corporation’s outstanding 7.875% Senior Notes due 2026 and all of Onity’s outstanding 12.00%/13.25% Senior Second Lien Notes due 2027.

    The Notes and the related guarantees have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction.

    The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A of the Securities Act and to non-U.S. persons outside of the United States in compliance with Regulation S of the Securities Act.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of, any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.

    About Onity Group

    Onity Group Inc. (NYSE: ONIT) is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs. Liberty is one of the nation’s largest reverse mortgage lenders dedicated to education and providing loans that help customers meet their personal and financial needs. We are headquartered in West Palm Beach, Florida, with offices and operations in the United States, the U.S. Virgin Islands, India and the Philippines, and have been serving our customers since 1988.

    Forward Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to the closing of the offering of the Notes by Escrow Issuer, the satisfaction of the escrow conditions, including, but not limited to, the MAV Sale, and the ultimate use of the proceeds from the Notes offering. We cannot provide any assurance that these events will occur. Forward-looking statements involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, that the closing of the offering may not occur or, if the offering does close into escrow, that the conditions to the release of the escrowed funds from escrow, including the consummation of the MAV Sale, may not occur. Our forward-looking statements speak only as of the date they are made and, we disclaim any obligation to update or revise forward-looking statements whether as a result of new information, future events or otherwise.

    For Further Information Contact:

    Dico Akseraylian, SVP, Corporate Communications
    (856) 917-0066
    mediarelations@onitygroup.com

    The MIL Network –

  • MIL-OSI: Horizon Bancorp, Inc. Reports Third Quarter 2024 Results, Including EPS of $0.41 and Continued Profitability Improvement, as well as Accretive Balance Sheet Initiatives

    Source: GlobeNewswire (MIL-OSI)

    MICHIGAN CITY, Ind., Oct. 23, 2024 (GLOBE NEWSWIRE) — (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”), the parent company of Horizon Bank (the “Bank”), announced its unaudited financial results for the three and nine months ended September 30, 2024.

    Net income for the three months ended September 30, 2024 was $18.2 million, or $0.41 per diluted share, compared to net income of $14.1 million, or $0.32, for the second quarter of 2024 and compared to net income of $16.2 million, or $0.37 per diluted share, for the third quarter of 2023.

    Net income for the nine months ended September 30, 2024 was $46.3 million, or $1.05 per diluted share, compared to net income of $53.2 million, or $1.21, for the nine months ended September 30, 2023.

    Third Quarter 2024 Highlights

    • Net interest income increased for the fourth consecutive quarter to $46.9 million, compared to $45.3 million in the linked quarter of 2024. Net interest margin, on a fully taxable equivalent (“FTE”) basis1, expanded for the fourth consecutive quarter to 2.66%, compared to 2.64% in the linked quarter of 2024.
    • Total loans held for investment (“HFI”) were $4.8 billion at September 30, 2024, relatively unchanged from June 30, 2024 balances. However, consistent with the Company’s stated growth strategy, the commercial portfolio showed continued organic growth momentum during the quarter, which was offset with planned run-off of lower-yielding indirect auto loans in the consumer loan portfolio. 
    • Positive deposit growth of 1.7% during the quarter, to $5.7 billion at period end. The quarter was highlighted by stable non-interest bearing deposit balances and growth in core relationship consumer and commercial portfolios. 
    • Credit quality remains strong, with annualized net charge offs of 0.03% of average loans during the third quarter. Non-performing assets to total assets of 0.32% remains well within expected ranges, with no material change in the loss outlook. Provision for loan losses of $1.0 million reflects continued positive credit performance.

    “Horizon continues to execute well on its key strategic initiatives of consistently improving our operating performance through a more productive balance sheet, growth in non-interest income and continued disciplined in our operating model. As a result, we are optimistic on the positive momentum of the franchise through year-end 2024 and into 2025. During the quarter, our commercial team was able to deliver another quarter of quality loan growth, even coming off a strong end to the second quarter. The strength of Horizon’s core deposit franchise showed solid performance, and our credit metrics remain well managed. These efforts led to a third consecutive quarter of sequential growth in pre-tax pre-provision income,” President and Chief Executive Officer Thomas M. Prame said. “Importantly, we continue our efforts to optimize our business model, and are pleased to announce the repositioning of a portion of our securities portfolio and the intended sale of our mortgage warehouse business during the fourth quarter. These shareholder accretive actions are expected to yield sustainable improvement in the profitability of our business that will be evident in the fourth quarter, and positively impact Horizon’s financial performance in 2025.”

    _________________________
    1     Non-GAAP financial metric. See non-GAAP reconciliation included herein for the most directly comparable GAAP measure.

    Accretive Fourth Quarter 2024 Strategic Actions

    Horizon announced strategic actions taking place in the fourth quarter of 2024, which are designed to simplify its business, strengthen the balance sheet and improve long-term structural profitability. In October, the Company completed the repositioning of about $325 million of available-for-sale securities. Additionally, the Company has signed a letter of intent to sell its mortgage warehouse business, which is expected to generate a gain-on-sale. Details on these actions, the use of proceeds, and the expected financial impact are available in the Company’s third quarter 2024 investor presentation published at investor.horizonbank.com.

     
    Financial Highlights
    (Dollars in Thousands Except Share and Per Share Data and Ratios, Unaudited)
      Three Months Ended
      September 30,   June 30,   March 31,   December 31,   September 30,
      2024   2024   2024   2023   2023
    Income statement:                  
    Net interest income $ 46,910     $ 45,279     $ 43,288     $ 42,257     $ 42,090  
    Credit loss expense   1,044       2,369       805       1,274       263  
    Non-interest income   11,511       10,485       9,929       (20,449 )     11,830  
    Non-interest expense   39,272       37,522       37,107       39,330       36,168  
    Income tax expense   (75 )     1,733       1,314       6,419       1,284  
    Net income $ 18,180     $ 14,140     $ 13,991     $ (25,215 )   $ 16,205  
                       
    Per share data:                  
    Basic earnings per share $ 0.42     $ 0.32     $ 0.32     $ (0.58 )   $ 0.37  
    Diluted earnings per share   0.41       0.32       0.32       (0.58 )     0.37  
    Cash dividends declared per common share   0.16       0.16       0.16       0.16       0.16  
    Book value per common share   17.27       16.62       16.49       16.47       15.89  
    Market value – high   16.57       12.74       14.44       14.65       12.68  
    Market value – low   11.89       11.29       11.75       9.33       9.90  
    Weighted average shares outstanding – Basic   43,712,059       43,712,059       43,663,610       43,649,585       43,646,609  
    Weighted average shares outstanding – Diluted   44,112,321       43,987,187       43,874,036       43,649,585       43,796,069  
    Common shares outstanding (end of period)   43,712,059       43,712,059       43,726,380       43,652,063       43,648,501  
                       
    Key ratios:                  
    Return on average assets   0.92 %     0.73 %     0.72 %   (1.27)        %     0.81 %
    Return on average stockholders’ equity   9.80       7.83       7.76       (14.23 )     8.99  
    Total equity to total assets   9.52       9.18       9.18       9.06       8.71  
    Total loans to deposit ratio   83.92       85.70       82.78       78.01       76.52  
    Allowance for credit losses to HFI loans   1.10       1.08       1.09       1.13       1.14  
    Annualized net charge-offs of average total loans(1)   0.03       0.05       0.04       0.07       0.07  
    Efficiency ratio   67.22       67.29       69.73       180.35       67.08  
                       
    Key metrics (Non-GAAP)(2):                  
    Net FTE interest margin   2.66 %     2.64 %     2.50 %     2.43 %     2.41 %
    Return on average tangible common equity   12.65       10.18       10.11       (18.76 )     11.79  
    Tangible common equity to tangible assets   7.58       7.22       7.20       7.08       6.72  
    Tangible book value per common share $ 13.46     $ 12.80     $ 12.65     $ 12.60     $ 12.00  
                       
                       
    (1) Average total loans includes loans held for investment and held for sale.
    (2) Non-GAAP financial metrics. See non-GAAP reconciliation included herein for the most directly comparable GAAP measures.
     

    Income Statement Highlights

    Net Interest Income

    Net interest income was $46.9 million in the third quarter of 2024, compared to $45.3 million in the second quarter of 2024, driven by net growth in average interest earning assets of $117.5 million and continued net FTE interest margin expansion during the quarter. Horizon’s net FTE interest margin1 was 2.66% for the third quarter of 2024, compared to 2.64% for the second quarter of 2024, attributable to the favorable mix shift in average interest earning assets toward higher-yielding loans and in the average funding mix toward lower-cost deposit balances. Interest accretion from the fair value of acquired loans did not contribute significantly to the third quarter net interest income, or net FTE interest margin.

    Provision for Credit Losses

    During the third quarter of 2024, the Company recorded a provision for credit losses of $1.0 million. This compares to a provision for credit losses of $2.4 million during the second quarter of 2024, and $0.3 million during the third quarter of 2023. The decrease in the provision for credit losses during the third quarter of 2024 when compared with the second quarter of 2024 was primarily attributable to less total loan growth in the current quarter relative to the prior quarter.

    For the third quarter of 2024, the allowance for credit losses included net charge-offs of $0.4 million, or an annualized 0.03% of average loans outstanding, compared to net charge-offs of $0.6 million, or an annualized 0.05% of average loans outstanding for the second quarter of 2024, and net charge-offs of $0.7 million, or an annualized 0.07% of average loans outstanding, in the third quarter of 2023.

    The Company’s allowance for credit losses as a percentage of period-end loans HFI was 1.10% at September 30, 2024, compared to 1.08% at June 30, 2024 and 1.14% at September 30, 2023.

    Non-Interest Income

    For the Quarter Ended September 30,   June 30,   March 31,   December 31,   September 30,
    (Dollars in Thousands) 2024
    		   2024
    		   2024
    		   2023   2023
    Non-interest Income                  
    Service charges on deposit accounts $ 3,320     $ 3,130     $ 3,214     $ 3,092     $ 3,086  
    Wire transfer fees   123       113       101       103       120  
    Interchange fees   3,511       3,826       3,109       3,224       3,186  
    Fiduciary activities   1,394       1,372       1,315       1,352       1,206  
    Gains (losses) on sale of investment securities   —       —       —       (31,572 )     —  
    Gain on sale of mortgage loans   1,622       896       626       951       1,582  
    Mortgage servicing income net of impairment   412       450       439       724       631  
    Increase in cash value of bank owned life insurance   349       318       298       658       1,055  
    Other income   780       380       827       1,019       964  
    Total non-interest income $ 11,511     $ 10,485     $ 9,929     $ (20,449 )   $ 11,830  
                                           

    Total non-interest income was $11.5 million in the third quarter of 2024, compared to $10.5 million in the second quarter of 2024, due primarily to higher realized gains on sale of mortgage loans and increased other income.

    _________________________
    1     Non-GAAP financial metric. See non-GAAP reconciliation included herein for the most directly comparable GAAP measure.

    Non-Interest Expense

    For the Quarter Ended September 30,   June 30,   March 31,   December 31,   September 30,
    (Dollars in Thousands) 2024
    		   2024
    		   2024
    		   2023
    		   2023
    Non-interest Expense                  
    Salaries and employee benefits $ 21,829     $ 20,583     $ 20,268     $ 21,877     $ 20,058  
    Net occupancy expenses   3,207       3,192       3,546       3,260       3,283  
    Data processing   2,977       2,579       2,464       2,942       2,999  
    Professional fees   676       714       607       772       707  
    Outside services and consultants   3,677       3,058       3,359       2,394       2,316  
    Loan expense   1,034       1,038       719       1,345       1,120  
    FDIC insurance expense   1,204       1,315       1,320       1,200       1,300  
    Core deposit intangible amortization   844       844       872       903       903  
    Other losses   297       515       16       508       188  
    Other expense   3,527       3,684       3,936       4,129       3,294  
    Total non-interest expense $ 39,272     $ 37,522     $ 37,107     $ 39,330     $ 36,168  
                                           

    Total non-interest expense was $39.3 million in the third quarter of 2024, compared with $37.5 million in the second quarter of 2024. The increase in non-interest expense during the third quarter of 2024 was primarily driven by a $1.2 million increase in salaries and employee benefits expense, which is partially attributable to a legacy benefits program expense, and a $0.6 million increase in outside services and consultants expense related to strategic initiatives.

    Income Taxes

    Horizon’s effective tax rate was -0.4% for the third quarter of 2024, as compared to 10.9% for the second quarter of 2024. The decrease in the effective tax rate during the third quarter was primarily due to an increase in net realizable tax credits for the current year, which reduced the Company’s estimated annual effective tax rate.

    Balance Sheet

    Total assets increased by $14.9 million, or 0.2%, to $7.93 billion as of September 30, 2024, from $7.91 billion as of June 30, 2024. The increase in total assets is primarily due to increases in federal funds sold of $79.5 million, or 230.6%, to $113.9 million as of September 30, 2024, compared to $34.5 million as of June 30, 2024. The increase in federal funds sold during the period was partially offset by a decrease in other assets of $46.6 million, or 28.1%, to $119.0 million as of September 30, 2024, from $165.7 million as of June 30, 2024.

    Total investment securities remained unchanged, at $2.4 billion as of September 30, 2024, compared to June 30, 2024, as the positive market impact to available for sale securities was offset by normal pay-downs and maturities. There were no purchases of investment securities during the third quarter of 2024.

    Total loans HFI and loans held for sale were relatively consistent at $4.8 billion as of September 30, 2024 compared to $4.8 billion as of June 30, 2024, as growth in commercial loans of $9.5 million were offset by a decline in consumer loans of $43.3 million.

    Total deposit balances increased by $96.9 million, or 1.7%, to $5.7 billion as of September 30, 2024 when compared to balances as of June 30, 2024. Non-interest bearing deposit balances were essentially unchanged during the quarter.

    Total borrowings decreased by $86.4 million, or 7.0%, to $1.1 billion as of September 30, 2024, primarily related to the repayment of a portion of Federal Home Loan Bank advances, when compared to balances as of June 30, 2024.

    Capital

    The following table presents the consolidated regulatory capital ratios of the Company for the previous three quarters:

    For the Quarter Ended September 30,   June 30,   March 31, December 31,
      2024*   2024   2024** 2023**
    Consolidated Capital Ratios            
    Total capital (to risk-weighted assets)   13.52 %     13.41 %     13.75 %   14.04 %
    Tier 1 capital (to risk-weighted assets)   11.70 %     11.59 %     11.89 %   12.13 %
    Common equity tier 1 capital (to risk-weighted assets)   10.74 %     10.63 %     10.89 %   11.11 %
    Tier 1 capital (to average assets)   9.01 %     9.02 %     8.91 %   8.61 %
    *Preliminary estimate – may be subject to change  
    **Prior periods were previously revised (see disclosure in Form 10-Q for the quarterly period ending June 30, 2024)  
       

    As of September 30, 2024, the ratio of total stockholders’ equity to total assets is 9.52%. Book value per common share was $17.27, increasing $0.65 during the third quarter of 2024.

    Tangible common equity1 totaled $588.5 million at September 30, 2024, and the ratio of tangible common equity to tangible assets1 was 7.58% at September 30, 2024, up from 7.22% at June 30, 2024. Tangible book value, which excludes intangible assets from total equity, per common share1 was $13.46, increasing $0.66 during the third quarter of 2024.

    Credit Quality

    As of September 30, 2024, total non-accrual loans increased by $5.3 million, or 29.0%, from June 30, 2024, to 0.49% of total loans HFI. Total non-performing assets increased $5.1 million, or 25.0%, to $25.6 million, compared to $20.5 million as of June 30, 2024. The ratio of non-performing assets to total assets increased to 0.32% compared to 0.26% as of June 30, 2024.

    As of September 30, 2024, net charge-offs decreased by $0.2 million to $0.4 million, compared to $0.6 million as of June 30, 2024 and remain just 0.03% annualized of average loans.

    _________________________
    1     Non-GAAP financial metric. See non-GAAP reconciliation included herein for the most directly comparable GAAP measure.

    Earnings Conference Call

    As previously announced, Horizon will host a conference call to review its third quarter financial results and operating performance.

    Participants may access the live conference call on October 24, 2024 at 7:30 a.m. CT (8:30 a.m. ET) by dialing 833-974-2379 from the United States, 866-450-4696 from Canada or 1-412-317-5772 from international locations and requesting the “Horizon Bancorp Call.” Participants are asked to dial in approximately 10 minutes prior to the call.

    A telephone replay of the call will be available approximately one hour after the end of the conference through November 1, 2024. The replay may be accessed by dialing 877-344-7529 from the United States, 855-669-9658 from Canada or 1–412–317-0088 from other international locations, and entering the access code 9847279.

    About Horizon Bancorp, Inc.

    Horizon Bancorp, Inc. (NASDAQ GS: HBNC) is the $7.9 billion-asset commercial bank holding company for Horizon Bank, which serves customers across diverse and economically attractive Midwestern markets through convenient digital and virtual tools, as well as its Indiana and Michigan branches. Horizon’s retail offerings include prime residential and other secured consumer lending to in-market customers, as well as a range of personal banking and wealth management solutions. Horizon also provides a comprehensive array of in-market business banking and treasury management services, as well as equipment financing solutions for customers regionally and nationally, with commercial lending representing over half of total loans. More information on Horizon, headquartered in Northwest Indiana’s Michigan City, is available at horizonbank.com and investor.horizonbank.com.

    Use of Non-GAAP Financial Measures

    Certain information set forth in this press release refers to financial measures determined by methods other than in accordance with GAAP. Specifically, we have included non-GAAP financial measures relating to net income, diluted earnings per share, pre-tax, pre-provision net income, net interest margin, tangible stockholders’ equity and tangible book value per share, efficiency ratio, the return on average assets, the return on average common equity, and return on average tangible equity. In each case, we have identified special circumstances that we consider to be non-recurring and have excluded them. We believe that this shows the impact of such events as acquisition-related purchase accounting adjustments and swap termination fees, among others we have identified in our reconciliations. Horizon believes these non-GAAP financial measures are helpful to investors and provide a greater understanding of our business and financial results without giving effect to the purchase accounting impacts and one-time costs of acquisitions and non–recurring items. These measures are not necessarily comparable to similar measures that may be presented by other companies and should not be considered in isolation or as a substitute for the related GAAP measure. See the tables and other information below and contained elsewhere in this press release for reconciliations of the non-GAAP information identified herein and its most comparable GAAP measures.

    Forward Looking Statements

    This press release may contain forward–looking statements regarding the financial performance, business prospects, growth and operating strategies of Horizon Bancorp, Inc. and its affiliates (collectively, “Horizon”). For these statements, Horizon claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Statements in this press release should be considered in conjunction with the other information available about Horizon, including the information in the filings we make with the Securities and Exchange Commission (the “SEC”). Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance. The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties. We have tried, wherever possible, to identify such statements by using words such as “anticipate,” “estimate,” “project,” “intend,” “plan,” “believe,” “will” and similar expressions in connection with any discussion of future operating or financial performance.

    Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include: current financial conditions within the banking industry; changes in the level and volatility of interest rates, changes in spreads on earning assets and changes in interest bearing liabilities; increased interest rate sensitivity; the aggregate effects of elevated inflation levels in recent years; loss of key Horizon personnel; increases in disintermediation; potential loss of fee income, including interchange fees, as new and emerging alternative payment platforms take a greater market share of the payment systems; estimates of fair value of certain of Horizon’s assets and liabilities; changes in prepayment speeds, loan originations, credit losses, market values, collateral securing loans and other assets; changes in sources of liquidity; macroeconomic conditions and their impact on Horizon and its customers; legislative and regulatory actions and reforms; changes in accounting policies or procedures as may be adopted and required by regulatory agencies; litigation, regulatory enforcement, and legal compliance risk and costs; rapid technological developments and changes; cyber terrorism and data security breaches; the rising costs of cybersecurity; the ability of the U.S. federal government to manage federal debt limits; climate change and social justice initiatives; the inability to realize cost savings or revenues or to effectively implement integration plans and other consequences associated with mergers, acquisitions, and divestitures; acts of terrorism, war and global conflicts, such as the Russia and Ukraine conflict and the Israel and Hamas conflict; and supply chain disruptions and delays. These and additional factors that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in Horizon’s reports (such as the Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K) filed with the SEC and available at the SEC’s website (www.sec.gov). Undue reliance should not be placed on the forward–looking statements, which speak only as of the date hereof. Horizon does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions that may be made to update any forward-looking statement to reflect the events or circumstances after the date on which the forward–looking statement is made, or reflect the occurrence of unanticipated events, except to the extent required by law.

       
      Condensed Consolidated Statements of Income
      (Dollars in Thousands Except Per Share Data, Unaudited)
      Three Months Ended   Nine Months Ended
      September 30,   June 30,   March 31,   December 31,   September 30,   September 30,   September 30,
      2024   2024
    		   2024
    		   2023   2023
    		   2024
    		   2023
    Interest Income                          
    Loans receivable $ 75,488     $ 71,880     $ 66,954     $ 65,583     $ 63,003     $ 214,322     $ 178,961  
    Investment securities – taxable   8,133       7,986       7,362       8,157       8,788       23,481       26,253  
    Investment securities – tax-exempt   6,310       6,377       6,451       6,767       7,002       19,138       21,617  
    Other   957       738       4,497       3,007       1,332       6,192       1,960  
    Total interest income   90,888       86,981       85,264       83,514       80,125       263,133       228,791  
    Interest Expense                          
    Deposits   30,787       28,447       27,990       27,376       24,704       87,224       58,481  
    Borrowed funds   11,131       11,213       11,930       11,765       11,224       34,274       30,713  
    Subordinated notes   830       829       831       870       880       2,490       2,641  
    Junior subordinated debentures issued to capital trusts   1,230       1,213       1,225       1,246       1,227       3,668       3,469  
    Total interest expense   43,978       41,702       41,976       41,257       38,035       127,656       95,304  
    Net Interest Income   46,910       45,279       43,288       42,257       42,090       135,477       133,487  
    Provision for loan losses   1,044       2,369       805       1,274       263       4,218       1,185  
    Net Interest Income after Provision for Loan Losses   45,866       42,910       42,483       40,983       41,827       131,259       132,302  
    Non-interest Income                          
    Service charges on deposit accounts   3,320       3,130       3,214       3,092       3,086       9,664       9,135  
    Wire transfer fees   123       113       101       103       120       337       345  
    Interchange fees   3,511       3,826       3,109       3,224       3,186       10,446       9,637  
    Fiduciary activities   1,394       1,372       1,315       1,352       1,206       4,081       3,728  
    Gains (losses) on sale of investment securities   —       —       —       (31,572 )     —       —       (480 )
    Gain on sale of mortgage loans   1,622       896       626       951       1,582       3,144       3,372  
    Mortgage servicing income net of impairment   412       450       439       724       631       1,301       1,984  
    Increase in cash value of bank owned life insurance   349       318       298       658       1,055       965       3,051  
    Other income   780       380       827       1,019       964       1,987       1,675  
    Total non-interest income   11,511       10,485       9,929       (20,449 )     11,830       31,925       32,447  
    Non-interest Expense                          
    Salaries and employee benefits   21,829       20,583       20,268       21,877       20,058       62,680       58,932  
    Net occupancy expenses   3,207       3,192       3,546       3,260       3,283       9,945       10,095  
    Data processing   2,977       2,579       2,464       2,942       2,999       8,020       8,684  
    Professional fees   676       714       607       772       707       1,997       1,873  
    Outside services and consultants   3,677       3,058       3,359       2,394       2,316       10,094       7,548  
    Loan expense   1,034       1,038       719       1,345       1,120       2,791       3,635  
    FDIC insurance expense   1,204       1,315       1,320       1,200       1,300       3,839       2,680  
    Core deposit intangible amortization   844       844       872       903       903       2,560       2,709  
    Other losses   297       515       16       508       188       828       543  
    Other expense   3,527       3,684       3,936       4,129       3,294       11,147       10,255  
    Total non-interest expense   39,272       37,522       37,107       39,330       36,168       113,901       106,954  
    Income /(Loss) Before Income Taxes   18,105       15,873       15,305       (18,796 )     17,489       49,283       57,795  
    Income tax expense   (75 )     1,733       1,314       6,419       1,284       2,972       4,599  
    Net Income /(Loss) $ 18,180     $ 14,140     $ 13,991     $ (25,215 )   $ 16,205     $ 46,311     $ 53,196  
    Basic Earnings /(Loss) Per Share $ 0.42     $ 0.32     $ 0.32     $ (0.58 )   $ 0.37     $ 1.06     $ 1.22  
    Diluted Earnings/(Loss) Per Share   0.41       0.32       0.32       (0.58 )     0.37       1.05       1.21  
                                                           
      Condensed Consolidated Balance Sheets
      (Dollars in Thousands)
      September 30,
    2024    		   June 30,
    2024    		   March 31,
    2024    		   December 31,
    2023    		   September 30,
    2023
    Assets                  
    Interest earning assets                  
    Federal funds sold $ 113,912     $ 34,453     $ 161,704     $ 401,672     $ 71,576  
    Interest earning deposits   12,107       4,957       9,178       12,071       4,718  
    Interest earning time deposits   735       1,715       1,715       2,205       2,207  
    Federal Home Loan Bank stock   53,826       53,826       53,826       34,509       34,509  
    Investment securities, available for sale   541,170       527,054       535,319       547,251       865,168  
    Investment securities, held to maturity   1,888,379       1,904,281       1,925,725       1,945,638       1,966,483  
    Loans held for sale   2,069       2,440       922       1,418       2,828  
    Gross loans held for investment (HFI)   4,803,996       4,822,840       4,618,175       4,417,630       4,359,002  
    Total Interest earning assets   7,416,194       7,351,566       7,306,564       7,362,394       7,306,491  
    Non-interest earning assets                  
    Allowance for credit losses   (52,881 )     (52,215 )     (50,387 )     (50,029 )     (49,699 )
    Cash   108,815       106,691       100,206       112,772       98,843  
    Cash value of life insurance   37,115       36,773       36,455       36,157       149,212  
    Other assets   119,026       165,656       160,593       177,061       152,280  
    Goodwill   155,211       155,211       155,211       155,211       155,211  
    Other intangible assets   11,067       11,910       12,754       13,626       14,530  
    Premises and equipment, net   93,544       93,695       94,303       94,583       94,716  
    Interest receivable   39,366       43,240       40,008       38,710       37,850  
    Total non-interest earning assets   511,263       560,961       549,143       578,091       652,943  
    Total assets $ 7,927,457     $ 7,912,527     $ 7,855,707     $ 7,940,485     $ 7,959,434  
    Liabilities                  
    Savings and money market deposits $ 3,420,827     $ 3,364,726     $ 3,350,673     $ 3,369,149     $ 3,322,788  
    Time deposits   1,220,653       1,178,389       1,136,121       1,179,739       1,250,606  
    Borrowings   1,142,744       1,229,165       1,219,812       1,217,020       1,214,016  
    Repurchase agreements   122,399       128,169       139,309       136,030       142,494  
    Subordinated notes   55,703       55,668       55,634       55,543       59,007  
    Junior subordinated debentures issued to capital trusts   57,423       57,369       57,315       57,258       57,201  
    Total interest earning liabilities   6,019,749       6,013,486       5,958,864       6,014,739       6,046,112  
    Non-interest bearing deposits   1,085,535       1,087,040       1,093,076       1,116,005       1,126,703  
    Interest payable   11,400       11,240       7,853       22,249       16,281  
    Other liabilities   55,951       74,096       74,664       68,680       76,969  
    Total liabilities   7,172,635       7,185,862       7,134,457       7,221,673       7,266,065  
    Stockholders’ Equity                  
    Preferred stock   —       —       —       —       —  
    Common stock   —       —       —       —       —  
    Additional paid-in capital   358,453       357,673       356,599       356,400       355,478  
    Retained earnings   454,050       442,977       435,927       429,021       461,325  
    Accumulated other comprehensive income (loss)   (57,681 )     (73,985 )     (71,276 )     (66,609 )     (123,434 )
    Total stockholders’ equity   754,822       726,665       721,250       718,812       693,369  
    Total liabilities and stockholders’ equity $ 7,927,457     $ 7,912,527     $ 7,855,707     $ 7,940,485     $ 7,959,434  
                                           
      Loans and Deposits        
      (Dollars in Thousands, Unaudited)        
      September 30,   June 30,   March 31,   December 31,   September 30,   % Change
      2024   2024   2024   2023   2023   Q3’24 vs Q2’24   Q3’24 vs Q3’23
    Commercial:                          
    Commercial real estate $ 2,105,459     $ 2,117,772     $ 1,984,723     $ 1,962,097     $ 1,916,056       (1 )%     10 %
    Commercial & Industrial   808,600       786,788       765,043       712,863       673,188       3 %     20 %
    Total commercial   2,914,059       2,904,560       2,749,766       2,674,960       2,589,244       — %     13 %
    Residential Real estate   801,356       797,956       782,071       681,136       675,399       — %     19 %
    Mortgage warehouse   80,437       68,917       56,548       45,078       65,923       17 %     22 %
    Consumer   1,008,144       1,051,407       1,029,790       1,016,456       1,028,436       (4 )%     (2 )%
    Total loans held for investment   4,803,996       4,822,840       4,618,175       4,417,630       4,359,002       — %     10 %
    Loans held for sale   2,069       2,440       922       1,418       2,828       (15 )%     (27 )%
    Total loans $ 4,806,065     $ 4,825,280     $ 4,619,097     $ 4,419,048     $ 4,361,830       — %     10 %
                               
    Deposits:                          
    Interest bearing deposits                          
    Savings and money market deposits $ 3,420,827     $ 3,364,726     $ 3,350,673     $ 3,369,149     $ 3,322,788       2 %     3 %
    Time deposits   1,220,653       1,178,389       1,136,121       1,179,739       1,250,606       4 %     (2 )%
    Total Interest bearing deposits   4,641,480       4,543,115       4,486,794       4,548,888       4,573,394       2 %     1 %
    Non-interest bearing deposits                          
    Non-interest bearing deposits   1,085,535       1,087,040       1,093,076       1,116,005       1,126,703       — %     (4 )%
    Total deposits $ 5,727,015     $ 5,630,155     $ 5,579,870     $ 5,664,893     $ 5,700,097       2 %     — %
                                                           
      Average Balance Sheet
      (Dollars in Thousands, Unaudited)
      Three Months Ended
      September 30, 2024   June 30, 2024   September 30, 2023
      Average
    Balance    		 Interest(4) Average
    Rate(4)    		   Average
    Balance    		 Interest(4) Average
    Rate(4)    		   Average
    Balance    		 Interest(4) Average
    Rate(4)
    Assets
    Interest earning assets                      
    Federal funds sold $ 64,743   $ 860     5.28 %   $ 47,805   $ 645     5.43 %   $ 92,305   $ 1,247     5.36 %
    Interest earning deposits   8,781     97     4.39 %     7,662     93     4.88 %     8,018     85     4.21 %
    Federal Home Loan Bank stock   53,826     1,607     11.88 %     53,827     1,521     11.36 %     34,509     618     7.10 %
    Investment securities – taxable (1)   1,301,830     6,526     1.99 %     1,309,305     6,465     1.99 %     1,650,081     8,170     1.96 %
    Investment securities – non-taxable (1)   1,125,295     7,987     2.82 %     1,132,065     8,072     2.87 %     1,220,998     8,863     2.88 %
    Total investment securities   2,427,125     14,513     2.38 %     2,441,370     14,537     2.39 %     2,871,079     17,033     2.35 %
    Loans receivable (2) (3)   4,775,788     75,828     6.32 %     4,662,124     72,208     6.23 %     4,280,700     63,254     5.89 %
    Total interest earning assets $ 7,330,263   $ 92,905     5.04 %   $ 7,212,788   $ 89,004     4.96 %   $ 7,286,611   $ 82,237     4.59 %
    Non-interest earning assets                      
    Cash and due from banks $ 108,609         $ 108,319         $ 100,331      
    Allowance for credit losses   (52,111 )         (50,334 )         (49,705 )    
    Other assets   471,259           508,555           587,514      
    Total average assets $ 7,858,020         $ 7,779,328         $ 7,924,751      
                           
    Liabilities and Stockholders’ Equity
    Interest bearing liabilities                      
    Interest bearing deposits $ 3,386,177   $ 18,185     2.14 %   $ 3,334,490   $ 16,814     2.03 %   $ 3,267,594   $ 12,661     1.54 %
    Time deposits   1,189,148     12,602     4.22 %     1,134,590     11,633     4.12 %     1,271,104     12,043     3.76 %
    Borrowings   1,149,952     10,221     3.54 %     1,184,172     10,278     3.49 %     1,180,452     10,399     3.50 %
    Repurchase agreements   123,524     910     2.93 %     125,144     935     3.00 %     136,784     825     2.39 %
    Subordinated notes   55,681     830     5.93 %     55,647     829     5.99 %     58,983     880     5.92 %
    Junior subordinated debentures issued to capital trusts   57,389     1,230     8.53 %     57,335     1,213     8.51 %     57,166     1,227     8.52 %
    Total interest bearing liabilities $ 5,961,871   $ 43,978     2.93 %   $ 5,891,378   $ 41,702     2.85 %   $ 5,972,083   $ 38,035     2.53 %
    Non-interest bearing liabilities
    Demand deposits $ 1,083,214         $ 1,080,676         $ 1,159,241      
    Accrued interest payable and other liabilities   74,563           80,942           77,942      
    Stockholders’ equity   738,372           726,332           715,485      
    Total average liabilities and stockholders’ equity $ 7,858,020         $ 7,779,328         $ 7,924,751      
    Net FTE interest income (non-GAAP) (5)   $ 48,927         $ 47,302         $ 44,202    
    Less FTE adjustments (4)     2,017           2,023           2,112    
    Net Interest Income   $ 46,910         $ 45,279         $ 42,090    
    Net FTE interest margin (Non-GAAP) (4)(5)       2.66 %         2.64 %         2.41 %
     
    (1) Securities balances represent daily average balances for the fair value of securities. The average rate is calculated based on the daily average balance for the amortized cost of securities.
    (2) Includes fees on loans held for sale and held for investment. The inclusion of loan fees does not have a material effect on the average interest rate.
    (3) Non-accruing loans for the purpose of the computation above are included in the daily average loan amounts outstanding. Loan totals are shown net of unearned income and deferred loan fees.
    (4) Management believes fully taxable equivalent, or FTE, interest income is useful to investors in evaluating the Company’s performance as a comparison of the returns between a tax-free investment and a taxable alternative. The Company adjusts interest income and average rates for tax-exempt loans and securities to an FTE basis utilizing a 21% tax rate
    (5) Non-GAAP financial metric. See non-GAAP reconciliation included herein for the most directly comparable GAAP measure.
     
      Credit Quality        
      (Dollars in Thousands Except Ratios, Unaudited)        
      Quarter Ended        
      September 30,   June 30,   March 31,   December 31,   September 30,   % Change
      2024   2024   2024   2023   2023   3Q24 vs 2Q24   3Q24 vs 3Q23
    Non-accrual loans                          
    Commercial $ 6,830     $ 4,321     $ 5,493     $ 7,362     $ 6,919       58 %     (1 )%
    Residential Real estate   9,529       8,489       8,725       8,058       7,644       12 %     25 %
    Mortgage warehouse   —       —       —       —       —       — %     — %
    Consumer   7,208       5,453       4,835       4,290       4,493       32 %     60 %
    Total non-accrual loans   23,567       18,263       19,053       19,710       19,056       29 %     24 %
    90 days and greater delinquent – accruing interest   819       1,039       108       559       392       (21 )%     109 %
    Total non-performing loans   24,386       19,302       19,161       20,269       19,448       26 %     25 %
                               
    Other real estate owned                          
    Commercial $ 1,158     $ 1,111     $ 1,124     $ 1,124     $ 1,287       4 %     (10 )%
    Residential Real estate   —       —       —       182       32       — %     (100 )%
    Mortgage warehouse   —       —       —       —       —       — %     — %
    Consumer   36       57       50       205       72       (37 )%     (50 )%
    Total other real estate owned $ 1,194     $ 1,168     $ 1,174     $ 1,511     $ 1,391       2 %     (14 )%
                               
    Total non-performing assets $ 25,580     $ 20,470     $ 20,335     $ 21,780     $ 20,839       25 %     23 %
                               
    Loan data:                          
    Accruing 30 to 89 days past due loans $ 18,087     $ 19,785     $ 15,154     $ 16,595     $ 13,089       (9 )%     38 %
    Substandard loans   59,775       51,221       47,469       49,526       47,563       17 %     26 %
    Net charge-offs (recoveries)                          
    Commercial   (55 )     57       (57 )     233       142       (196 )%     (139 )%
    Residential Real estate   (9 )     (4 )     (5 )     21       (39 )     (125 )%     77 %
    Mortgage warehouse   —       —       —       —       —       — %     — %
    Consumer   439       534       488       531       619       (18 )%     (29 )%
    Total net charge-offs   375       587       426       785       722       (36 )%     (48 )%
                               
    Allowance for credit losses                          
    Commercial   32,854       31,941       30,514       29,736       29,472       3 %     11 %
    Residential Real estate   2,675       2,588       2,655       2,503       2,794       3 %     (4 )%
    Mortgage warehouse   862       736       659       481       714       17 %     21 %
    Consumer   16,490       16,950       16,559       17,309       16,719       (3 )%     (1 )%
    Total allowance for credit losses $ 52,881     $ 52,215     $ 50,387     $ 50,029     $ 49,699       1 %     6 %
                               
    Credit quality ratios                          
    Non-accrual loans to HFI loans   0.49 %     0.38 %     0.41 %     0.45 %     0.44 %        
    Non-performing assets to total assets   0.32 %     0.26 %     0.26 %     0.27 %     0.26 %        
    Annualized net charge-offs of average total loans   0.03 %     0.05 %     0.04 %     0.07 %     0.07 %        
    Allowance for credit losses to HFI loans   1.10 %     1.08 %     1.09 %     1.13 %     1.14 %        
                                                   
    Non–GAAP Reconciliation of Net Fully-Taxable Equivalent (“FTE”) Interest Margin
    (Dollars in Thousands, Unaudited)
        Three Months Ended
        September 30,   June 30,   March 31,   December 31,   September 30,
        2024   2024   2024   2023   2023
    Interest income (GAAP) (A) $ 90,888     $ 86,981     $ 85,264     $ 83,514     $ 80,125  
    Taxable-equivalent adjustment:                    
    Investment securities – tax exempt (1)     1,677       1,695       1,715       1,799       1,861  
    Loan receivable (2)     340       328       353       314       251  
    Interest income (non-GAAP) (B)   92,905       89,004       87,332       85,627       82,237  
    Interest expense (GAAP) (C)   43,978       41,702       41,976       41,257       38,035  
    Net interest income (GAAP) (D) =(A) – (C)   46,910       45,279       43,288       42,257       42,090  
    Net FTE interest income (non-GAAP) (E) = (B) – (C)   48,927       47,302       45,356       44,370       44,202  
    Average interest earning assets (F)   7,330,263       7,212,788       7,293,559       7,239,034       7,286,611  
    Net FTE interest margin (non-GAAP) (G) = (E*) / (F)   2.66 %     2.64 %     2.50 %     2.43 %     2.41 %
                         
    (1) The following represents municipal securities interest income for investment securities classified as available-for-sale and held-to-maturity
    (2) The following represents municipal loan interest income for loan receivables classified as held for sale and held for investment
    *Annualized
     
    Non–GAAP Reconciliation of Return on Average Tangible Common Equity
    (Dollars in Thousands, Unaudited)
        Three Months Ended
        September 30,   June 30,   March 31,   December 31,   September 30,
        2024   2024   2024   2023   2023
                         
    Net income (loss) (GAAP) (A) $ 18,180     $ 14,140     $ 13,991     $ (25,215 )   $ 16,205  
                         
    Average stockholders’ equity (B)   738,372       726,332       725,083       702,793       715,485  
    Average intangible assets (C)   166,819       167,659       168,519       169,401       170,301  
    Average tangible equity (Non-GAAP) (D) = (B) – (C) $ 571,553     $ 558,673     $ 556,564     $ 533,392     $ 545,184  
    Return on average tangible common equity (“ROACE”) (non-GAAP) (E) = (A*) / (D)   12.65 %     10.18 %     10.11 %   (18.76 )%     11.79 %
    *Annualized                    
                         
    Non–GAAP Reconciliation of Tangible Common Equity to Tangible Assets
    (Dollars in Thousands, Unaudited)
        Three Months Ended
        September 30,   June 30,   March 31,   December 31,   September 30,
        2024   2024   2024   2023   2023
    Total stockholders’ equity (GAAP) (A) $ 754,822     $ 726,665     $ 721,250     $ 718,812     $ 693,369  
    Intangible assets (end of period) (B)   166,278       167,121       167,965       168,837       169,741  
    Total tangible common equity (non-GAAP) (C) = (A) – (B) $ 588,544     $ 559,544     $ 553,285     $ 549,975     $ 523,628  
                         
    Total assets (GAAP) (D)   7,927,457       7,912,527       7,855,707       7,940,485       7,959,434  
    Intangible assets (end of period) (B)   166,278       167,121       167,965       168,837       169,741  
    Total tangible assets (non-GAAP) (E) = (D) – (B) $ 7,761,179     $ 7,745,406     $ 7,687,742     $ 7,771,648     $ 7,789,693  
                         
    Tangible common equity to tangible assets (Non-GAAP) (G) = (C) / (E)   7.58 %     7.22 %     7.20 %     7.08 %     6.72 %
                                             
    Non–GAAP Reconciliation of Tangible Book Value Per Share
    (Dollars in Thousands, Unaudited)
        Three Months Ended
        September 30,   June 30,   March 31,   December 31,   September 30,
        2024
    		   2024
    		   2024
    		   2023
    		   2023
    Total stockholders’ equity (GAAP) (A) $ 754,822     $ 726,665     $ 721,250     $ 718,812     $ 693,369  
    Intangible assets (end of period) (B)   166,278       167,121       167,965       168,837       169,741  
    Total tangible common equity (non-GAAP) (C) = (A) – (B) $ 588,544     $ 559,544     $ 553,285     $ 549,975     $ 523,628  
    Common shares outstanding (D)   43,712,059       43,712,059       43,726,380       43,652,063       43,648,501  
                         
    Tangible book value per common share (non-GAAP) (E) = (C) / (D) $ 13.46     $ 12.80     $ 12.65     $ 12.60     $ 12.00  
                                             
    Contact: John R. Stewart, CFA
      EVP, Chief Financial Officer
    Phone: (219) 814–5833
    Fax: (219) 874–9280
    Date: October 23, 2024
       

    The MIL Network –

  • MIL-OSI Security: Wapato Man Sentenced to Prison for Making Unlawful Sexual Contact with a 13-Year-Old Child

    Source: Office of United States Attorneys

    Yakima, Washington – United States Attorney Vanessa Waldref announced that on January 24, 2025, United States District Judge Mary K. Dimke sentenced Geordell Devon Arthur, age 23, of Wapato, Washington, to 12 months in federal prison on one count of unlawful sexual contact. Judge Dimke also imposed 5 years of supervised release. Arthur will be required to register as a sex offender. At sentencing, Arthur faced a maximum sentence of two years imprisonment, and he was sentenced within the applicable sentencing guidelines range for his offense.

    According to court documents and information presented at the sentencing hearing, Arthur, who was 19 at the time, made unlawful sexual contact with a 13-year-old girl at a location on the Yakama Nation Indian Reservation on or around May 10, 2021. The victim explained to investigators that Arthur’s friends confronted the victim and threatened her with harm if she spoke to law enforcement.

    “The harm to victims in cases like these cannot be understated,” said U.S. Attorney Waldref. “It takes courage for victims to come forward, especially when an abuser attempts to silence them. My office is committed to prioritizing offenses against our community’s youngest and most vulnerable victims.”

    “Mr. Arthur assaulted and then tried to intimidate his victim into silence.” said W. Mike Herrington, Special Agent in Charge of the FBI’s Seattle field office. “However, she displayed courage instead of fear and now her attacker is headed to prison. I applaud her actions as well as those of the investigators who seek justice for victims of these appalling crimes.”

    The FBI and the Yakama Nation Police Department investigated the case. Assistant United States Attorney Michael Murphy prosecuted the case.

    1:24-CR-2050-MKD

    MIL Security OSI –

  • MIL-OSI Submissions: Environment – First global gathering of Food and Plastics Networks to prevent devastating environmental impacts

    Source: WRAP

    Pact Network Connect 2025 – First global gathering of Food and Plastics Networks share actions to cut food and plastic waste and prevent devastating effects on planet.

    Representatives from 15 countries met in Mexico this week for Pact Network Connect 2025, a three-day programme focussed on addressing the issue of our broken food systems, and the spiralling environmental cost of plastic pollution and waste.

    Convened by global environmental action NGO WRAP, Pact Network Connect 2025 was the first time the two networks – 13 international Plastics Pacts run in conjunction with the Ellen MacArthur Foundation – and 11 Food Pacts met as one to share experiences and strategies to strengthen collaborative efforts on the two environmental crises.

    The Pacts represent collaborative action initiatives formed in country by private and public sector organisations, charities and NGOs. Representatives from the Pact Secretariats joined investors and philanthropic organisations to co-design solutions to key food and plastics triggers. Focus was on generating practical steps and actions to tackle plastics pollution within the 19 countries comprising the Plastics Pact Network – and share more widely, and address food waste and loss in the 10 countries encompassing the first Food Pact Network.

    Harriet Lamb, CEO WRAP, “The numerous Pacts are the engine rooms driving forward a new circular economy for plastics and food. They give me hope that we can correct the failures of our food and plastic systems. They show that ahead of securing global inter-governmental agreements at scale, companies, ngos and governments can get behind voluntary action as an agile and effective front runner along the road to transformation. We’re delighted to be in Mexico, bringing together leaders from the food and plastics Pacts for the first ever joint global meeting to share solutions and accelerate change.”

    Pact Network Connect 2025 built on the learnings and progress achieved in the first Plastic Pact Network meeting, held in South Africa in 2024 inspiring the move to bring together both Food and Plastics Pacts to amplify impact. The Plastics Pact Network meeting had an added sense of urgency this year, given the lack of agreement on key elements for a global treaty to end plastic pollution at INC5 negotiations in Busan 2024. To achieve this, we need ambitious regulation to complement and accelerate voluntary efforts and create a level playing field for all businesses. The Plastics Pacts are uniquely placed to inform and enable policymaking and treaty implementation through the Network’s large repository of tools, insights, guidance, and standardised definitions.

    Marta Longhurst, Pacts and Field-building Lead Ellen MacArthur Foundation, “The Plastics Pacts have proved that such a network can deliver real impact towards eliminating plastic waste and pollution. Thanks to Plastics Pacts, tens of billions of problematic or unnecessary plastic items have been eliminated; design for reusability, recyclability, and composability in practice and at scale has increased by 23%; and incorporation of recycled content back into packaging has increased by 44%. We are pleased to see the tangible impact of the Plastics Pacts, and to see this knowledge shared and applied to other sectors to accelerate the transition to a circular economy worldwide.”

    The Plastics Pact Network is a global coordinated response to the hazards plastics pose to people and the planet. Managed through a partnership between WRAP and the Ellen MacArthur Foundation, in just six years the Plastic Pacts have led work tackling pollution and delivering impact on national and global scales. The Network includes over 900 local and global organisations across a 19-country membership. Its members have eliminated more than 360,000 tonnes of problematic and unnecessary plastics and increased recycled content in their packaging by 44% – reducing virgin plastic by 2.2 million tonnes by 2022. All Plastics Pacts align in a common vision to create a circular economy for plastics and eliminate waste and pollution.

    Alejandra Kopaitic, Directora Consumo y Producción Sustentable y Pacto Chileno de los Plásticos, “Pact Network Connect is a key event when many countries can share experiences, foster regional collaboration, and strengthen our global partnerships. It will enrich the Chilean Plastics Pact as part of this international network committed to systemic change. We are here to listen, learn, and collaborate, while showcasing the work we are doing in Chile and aligning our goals with international experience and best practices.”

    Ninel Escobar, Director of Climate Change WWF Mexico, “In México, between 38% and 58% of plastic waste is mismanaged. Resolving this problem requires us to work along the whole life cycle of plastic, using a systemic approach. We are pleased to join our Pact partners at Pact Network Connect to share our experiences of resolving these complex problems.”

    The Food Pact Network connects collaborative action initiatives within individual countries to a global community dedicated to reducing food loss and waste. This is the first time the group has joined forces in person as the Food Pact Network, and through the universal adoption of the principles of Target-Measure-Act the Pacts are changing how food is produced and consumed to support the UN Sustainable Development Goal 12.3 to halve global food waste by 2030.

    Notes

    The Plastics Pact Network includes: ANZPAC Plastics Pact, The Canada Plastics Pact, Polski Pakt Plastikowy – The Polish Plastics Pact, The U.S. Plastics Pact, Pacto Português para os Plásticos- The Portuguese Plastics Pact, The South African Plastics Pact, UK Plastics Pact, Pacte National sur les emballages plastiques – French Plastics Pact, Circula El Plástico – The Chilean Plastics Pact, The Kenya Plastics Pact (KPP), Colombia Plastics Pact, India Plastics Pact and Mexico Plastics Pact.

    The Food Pact Network includes: Courtauld Commitment 2030 (UK), South Africa Food Loss and Waste Initiative, Pacific Coast Food Waste Commitment, Pacto Por La Comida (Mexico), GRASP 2030 (Indonesia), Brasil Sem Desperdisio  (Brazil, launching in 2025), U.S. Food Waste Pact, Samen Tegen Voedselverspilling (Netherlands) , Kai Commitment (New Zealand) and the International Food Waste Coalition.

    WRAP is a global environmental action NGO catalysing policy makers, businesses and individuals to transform the systems that create our food, textiles and manufactured products. Together these account for nearly 50% of global greenhouse emissions. Our goal is to enable the world to transition from the old take-make-dispose model of production to more sustainable approaches that will radically reduce waste and carbon emissions from everyday products. To do so we examine sustainability challenges through the lens of people’s day-to-day lives and create solutions that can transform entire systems to benefit the planet, nature and people.

    Our work includes: UK Plastics Pact, Courtauld Commitment 2030, Textiles 2030 and the campaigns Love Food Hate Waste and Recycle Now. We run Food Waste Action Week and Recycle Week.

    MIL OSI – Submitted News –

  • MIL-OSI Security: Woman Sentenced To 20 Years For Killing Sister-in-Law

    Source: Office of United States Attorneys

    TULSA, Okla. – A Tulsa woman was sentenced today for Second Degree Murder in Indian Country and Discharging a Firearm During and in Relation to a Crime of Violence, announced U.S. Attorney Clint Johnson.

    U.S. District Judge John F. Heil, III, sentenced Alexis Danielle Flanner, 26, to 240 months followed by five years of supervised release.

    In July 2022, Tulsa Police officers were dispatched for shots fired. Upon arrival, officers found Estrella Mendoza, deceased from a gunshot wound. Officers watched security footage that showed Flanner and Estrella enter the store together. After the pair left the store, Estrella was seen crawling away from Flanner before she collapsed. Flanner was seen fleeing the scene.

    A witness stated that he tried to help Estrella. Before going unconscious, Estrella said that Flanner shot her. Officers went to Flanner’s residence, where they found the vehicle she left in that had fresh blood splatter and the firearm used.

    Flanner told officers that she was mad at her sister-in-law, Estrella because she would not return her marijuana grinder. 

    Flanner is a citizen of the Muscogee (Creek) Nation and will remain in custody pending transfer to the U.S. Bureau of Prisons.

    The FBI and Tulsa Police Department investigated the case. Assistant U.S. Attorneys Aaron Jolly and Valeria Luster prosecuted the case.

    MIL Security OSI –

  • MIL-OSI Security: Winnebago Man Sentenced for Voluntary Manslaughter in Indian Country

    Source: Federal Bureau of Investigation (FBI) State Crime News

    United States Attorney Susan Lehr announced that Tylan Joseph Walker, age 21, of Winnebago, Nebraska, was sentenced on January 15, 2025, in federal court in Omaha, Nebraska, for voluntary manslaughter in Indian Country. United States District Court Judge Brian C. Buescher sentenced Walker to 97 months’ imprisonment. There is no parole in the federal system. After Walker’s release from prison, he will begin a 3-year term of supervised release.

    On March 30, 2024, Walker was drinking and socializing with friends. At one point, he and a female friend met up with a 19-year-old Winnebago man and spent time drinking and talking. After a minor disagreement between the two men, Walker started a fist fight and then stabbed the 19-year-old male in the upper thigh area. The victim bled profusely and was unresponsive by the time emergency services arrived on scene. Despite extensive efforts by emergency services and medical staff at two hospitals, the victim ultimately succumbed to his wounds and died on April 3, 2024. Before handing down Walker’s 97-month sentence, Judge Buescher heard testimony from several members of the victim’s family, who asked the court to consider the deep pain and trauma experienced by their family and the Winnebago community as a whole because of Walker’s actions.

    This case was prosecuted in federal court because the offense was a felony and occurred on the Winnebago Indian Reservation in Nebraska.

    This case was investigated by the Federal Bureau of Investigation.

    MIL Security OSI –

  • MIL-OSI Banking: Find out which games won 2024 Xbox Excellence Awards

    Source: Microsoft

    Headline: Find out which games won 2024 Xbox Excellence Awards

    Store Rating Player Engagement Daily Active Users Units Sold
    Balatro Dragon Age: The Veilguard Apex Legends 7 Days to Die
    Banishers: Ghosts of New Eden Dragon’s Dogma 2 Call of Duty: Black Ops 6 Avatar: Frontiers of Pandora
    Botany Manor EA Sports College Football 25 Dead Island 2 Call of Duty: Black Ops 6
    Like a Dragon: Infinite Wealth EA Sports FC 25 Diablo IV: Vessel of Hatred Dragon Age: The Veilguard
    Little Kitty, Big City F1 Manager 2024 EA Sports College Football 25 Dragon Ball: Sparking! Zero
    Lollipop Chainsaw RePop Farming Simulator 25 EA Sports FC 25 Dragon’s Dogma 2
    Metaphor: ReFantazio Final Fantasy XIV: Dawntrail Elden Ring Shadow of the Erdtree EA Sports College Football 25
    Nobody Wants to Die House Flipper 2 Fallout 4 EA Sports FC 25
    Persona 3 Reload Like a Dragon: Infinite Wealth Fortnite EA Sports Madden NFL 25
    Poppy Playtime: Chapter 1, 2, 3 Metaphor: ReFantazio Forza Horizon 5 Farming Simulator 25
    Return to Grace MLB The Show 24 Grand Theft Auto Online Microsoft Flight Simulator 2024
    Rounds NBA 2K25 Indiana Jones and the Great Circle MLB The Show 24
    Senua’s Saga: Hellblade II New World: Aeternum Marvel Rivals NBA 2K25
    Shin Megami Tensei V: Vengeance NHL 25 Minecraft NHL 25
    Sonic x Shadow Generations Path of Exile 2 MLB The Show 24 Palworld
    Still Wakes the Deep Shin Megami Tensei V: Vengeance Palworld Phasmophobia
    The Lord of the Rings: Return to Moria Skull and Bones Roblox Star Wars Outlaws
    The Outlast Trials Star Wars Outlaws Rocket League The Lord of the Rings: Return to Moria
    Unicorn Overlord Warhammer 40,000: Space Marine 2 S.T.A.L.K.E.R. 2 Heart of Chornobyl Warhammer 40,000: Space Marine 2
    Warhammer 40,000: Space Marine 2 WWE 2K24 Tom Clancy’s Rainbow Six Siege WWE 2K24

    MIL OSI Global Banks –

  • MIL-OSI Asia-Pac: Union Home Minister and Minister of Cooperation Shri Amit Shah addresses the inaugural function of the International Year of Cooperatives-2025 in Mumbai, Maharashtra

    Source: Government of India (2)

    Union Home Minister and Minister of Cooperation Shri Amit Shah addresses the inaugural function of the International Year of Cooperatives-2025 in Mumbai, Maharashtra

    Under the leadership of Prime Minister Narendra Modi, cooperatives will pave the way for employment and prosperity for agriculture and rural areas in the coming days

    Under the leadership of PM Modi, the double engine government of Maharashtra will make the state a hub of cooperatives in a true sense

    Celebrating Year of Cooperatives in India will significantly expand cooperatives across the country

    During the International Year of Cooperatives, efforts will be made to increase the reach of cooperatives and to connect every person with cooperatives

    Under the leadership of PM Modi, the cooperative sector of India is moving forward with the principles of social harmony, equality and inclusiveness

    The cooperative sector running on the principle of ‘Cooperation Amongst Cooperatives’ will be economically self-reliant across the country 

    The ‘umbrella organization’ will integrate activities like digital banking, mobile banking, online transactions and trade with foreign countries with the Urban Cooperative Bank

    Soon, all cooperative banks will be equipped with the services of regular banks, which will lead to the development of cooperative banking

    Posted On: 24 JAN 2025 8:53PM by PIB Delhi

    Union Home Minister and Minister of Cooperation Shri Amit Shah today addressed the inaugural function of International Year of Cooperatives 2025 in Mumbai, Maharashtra. Shri Amit Shah also inaugurated the corporate office of the National Urban Cooperative Finance and Development Corporation (NUCFDC). On this occasion, Minister of State for Cooperation Shri Murlidhar Mohol, Maharashtra Deputy Chief Ministers Shri Eknath Shinde and Shri Ajit Pawar, along with the Secretary of the Ministry of Cooperation, Dr. Ashish Kumar Bhutani, and several other dignitaries were present.

     

     

    In his address, Union Home Minister and Minister of Cooperation Shri Amit Shah said that Prime Minister Shri Narendra Modi recently inaugurated the International Year of Cooperatives 2025. He mentioned that the Ministry of Cooperation has outlined a 12-month program to celebrate the Year of Cooperatives in India, which is being inaugurated today. He said that India will celebrate the Year of Cooperatives in a way that will significantly advance the cooperative movement across the country. He emphasized that during the International Year of Cooperatives, efforts will be made to expand the cooperative sector, bring transparency within it, strengthen cooperative institutions, increase the reach of cooperatives to new areas, and connect every individual in India to some form of cooperation.

    Shri Shah stated that by December 31, 2025, when the UN International Year of Cooperatives concludes, the growth of India’s cooperative movement will be both symmetric and inclusive, and the goal of “Sahkar Se Samriddhi” will be largely achieved. He further noted that the cooperative sector will play a significant role in achieving the two major goals set by Prime Minister Shri Narendra Modi: becoming the third-largest economic power in the world and transforming into a fully developed nation by 2047. He added that the cooperative sector will advance on the principles of social harmony, equality, and inclusivity.

     

     

    The Union Home Minister and Minister of Cooperation said that the virtual inauguration of the umbrella organization for cooperative banks, the National Urban Cooperative Finance and Development Corporation (NUCFDC), took place today. He stated that this organization will provide multidimensional benefits to the urban cooperative sector. He added that within the next three years, all our scheduled cooperative banks will be equipped with services equivalent to those offered by national and private banks, which will significantly expand the scope of their services. Along with this, the focus will also be on better utilization of resources, improving banking processes, and unifying the accounting systems of all cooperative banks. Shri Shah mentioned that India currently has a total of 1,465 urban cooperative banks, nearly half of which are located in Gujarat and Maharashtra. The country also has 49 scheduled banks and over 8.25 lakh cooperative institutions.

    Union Minister of Cooperation stated that in the coming days, the principle of ‘Cooperation Amongst Cooperatives’ will be implemented across the nation. The ‘umbrella organization’ will do the work of integrating activities like digital banking, mobile banking, online transactions and trade with foreign countries with the Urban Cooperative Bank. All transactions and financial activities of cooperative institutions will be conducted exclusively through cooperative banks. Shri Shah emphasized that once the principle of Cooperation Amongst Cooperatives is effectively grounded in all states, it will lead to significant success, enabling the cooperative sector to achieve economic self-reliance.

    Shri Amit Shah stated that the Modi government has resolved several issues concerning urban cooperative banks with the Reserve Bank of India. He mentioned that in the coming days, strengthening the umbrella organization will help increase trust and business while removing all obstacles. He also highlighted that the training program for the 10,000 M-PACS (Multipurpose Primary Agricultural Cooperative Societies) formed under the new bylaws is starting today, marking a new beginning. He further mentioned that the goal is to establish a PACS in every village panchayat across the country. To ensure the viability of PACS, model bylaws have been created, which have been accepted by all states.

    Shri Shah stated that under the model bylaws, PACS can now engage in a variety of new activities. He mentioned that the Modi government has spent Rs. 2,500 crore to provide computers and software to each PACS and has made efforts to link these various activities with PACS. He emphasized that to make this initiative successful, technology must be adopted. He also said that by bringing professionalism into PACS, the entire cooperative sector can be strengthened through them.

    Union Minister of Cooperation emphasized the importance of involving youth proficient in modern technology to make cooperatives self-reliant, whether in banks or PACS. He expressed confidence that the combined efforts of the ‘double engine government’ led by Prime Minister Shri Narendra Modi, along with Shri Devendra Fadnavis, Shri Eknath Shinde, and Shri Ajit Pawar, would transform Maharashtra into a true hub of cooperative excellence. He said that cooperatives can be a source of employment in every village.

    Shri Amit Shah highlighted the significant support extended by the Modi government to the cooperative sector, noting that the introduction of ethanol production has boosted the profitability of sugar mills. He mentioned that to ensure better prices for sugar, Prime Minister Modi recently approved the export of 10 lakh tonnes of sugar, benefiting Maharashtra’s cooperative sugar mills the most. He further stated that the Modi government is committed to advancing the cooperative sector and has introduced a ranking system to achieve this goal. The rankings will cover seven key areas: PACS, dairy, fisheries, urban cooperative banks, housing credit societies, credit cooperatives, and Khadi Village Industries. Shri Shah explained that the ranking system is based on several parameters, including audits, activities, services, financial performance, infrastructure, and branding, collectively weighted for 100 marks. This system aims to enhance transparency and reliability, ensuring that banks can confidently provide funding to PACS based on these rankings in the future.

    Union Home Minister and Minister of Cooperation stated that under the leadership of Prime Minister Shri Narendra Modi, the government is advancing with the vision of ‘Sahkar Se Samriddhi’ (Prosperity through cooperation) and “Samriddhi se Aatmanirbharta” , which is self-reliance through prosperity. He announced the initiation of three key projects at the event: the inauguration of the International Year of Cooperative (IYC) 2025 related event calendar, the launch of the office for the umbrella organization of Urban Cooperative Banks – NUCFDC, and the first training session for 10,000 new MPACS members. Shri Amit Shah also revealed that in the upcoming budget session, the government will announce the establishment of the Tribhuvan National Cooperative University, named after the eminent cooperative leader of Gujarat, Shri Tribhuvan Das Patel. This university will focus on producing skilled professionals for various sectors. He expressed confidence that, under Prime Minister Modi’s leadership, the cooperative sector will drive employment and prosperity in agriculture, rural areas, and among the youth in the coming days.

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    Raj / Vivek / Priyabhanshu / Pankaj

    (Release ID: 2095982) Visitor Counter : 74

    Read this release in: Hindi

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: NITI Aayog launches the “Fiscal Health Index 2025” in New Delhi

    Source: Government of India

    Posted On: 24 JAN 2025 8:30PM by PIB Delhi

    “The Fiscal Health Index report will be an annual publication focusing on the fiscal health of Indian states, offering data-driven insights that will be leveraged for informed state-level policy interventions to improve overall fiscal governance, economic resilience, and stability of the nation” – Sh. BVR Subrahmanyam, CEO, NITI Aayog.

    The Hon’ble Chairman of the 16th Finance Commission, Dr. Arvind Panagariya, launched the inaugural issue of NITI Aayog’s report titled “Fiscal Health Index (FHI) 2025” on 24th January 2025 in New Delhi, in the august presence of Shri Suman Bery, Hon’ble Vice Chairman, NITI Aayog; Dr. Arvind Virmani, Hon. Member, NITI Aayog; Shri BVR Subrahmanyam, CEO, NITI Aayog; Dr. Anoop Singh, Distinguished Fellow, NITI Aayog and other senior officials. The report provides a comprehensive assessment of the fiscal health of 18 major States, based on five key sub-indices: Quality of Expenditure, Revenue Mobilisation, Fiscal Prudence, Debt Index, and Debt Sustainability, along with insights into state-specific challenges and areas for improvement.

    The FHI aims to throw light on the fiscal status at the sub-national level and guide policy reforms for sustainable and resilient economic growth. The report ranks States on the basis of composite fiscal index, which is based on five major sub-indices viz, quality of expenditure, revenue mobilisation, fiscal prudence, debt index, and debt sustainability. With a cumulative score of 67.8, Odisha tops the ranking in fiscal health among 18 major States, followed by Chhattisgarh and Goa with scores of 55.2 and 53.6, respectively. The achiever States display strong fiscal health, excelling in revenue mobilization, expenditure management, and debt sustainability. Improvements are seen in states like Jharkhand, which has strengthened fiscal prudence and debt sustainability, while Karnataka faces a decline due to weaker performance in expenditure quality and debt management. These interstate disparities highlight the need for targeted reforms to address specific fiscal challenges and ensure sustainable growth.

    Hon’ble Chairman of the 16th FC, Dr. Panagariya, while launching the report, underscored the need for the States to follow a stable fiscal path for balanced regional development, long-term fiscal sustainability, and prudent governance. He mentioned that the FHI offers a comprehensive and systematic approach to measuring state-level fiscal performance and provides valuable insights into broader fiscal trends, allowing for a better understanding of fiscal health across the country. He emphasised that the FHI report helps to promote a more integrated approach to fiscal health and sustainable growth, reinforcing the shared responsibility of both levels of government in achieving national prosperity.

    Speaking on the occasion, Sh. Suman Bery emphasised that the FHI offers a roadmap for achieving fiscal consolidation, improving transparency, and fostering effective resource management. He further stated that FHI is not merely a ranking but a tool designed to assess and thereby improve the fiscal health of States. It provides a framework to evaluate the financial well-being of state economies through key fiscal indicators.

    Sh. B.V.R. Subrahmanyam highlighted that the FHI report will be instrumental in helping policymakers make informed decisions. He noted that the report provides an objective picture of the fiscal landscape across states and also offers actionable insights for strengthening fiscal resilience and ensuring sustainable economic development of the States. By focusing on major fiscal indicators, the FHI encourages states to align their fiscal strategies with national objectives, ensuring their contributions to the goal of a fiscally stable and prosperous India and, most importantly, promoting healthy competition among states. He stressed that the FHI’s findings are aligned with India’s broader vision of achieving “Viksit Bharat @2047,” where fiscal discipline at the state level plays a pivotal role in the nation’s economic transformation.

    Dr. Virmani congratulated the team and highlighted that the FHI report will underscore the critical role of cooperative federalism in strengthening India’s governance framework. He emphasized that fostering collaboration between the Centre and states is key to addressing regional disparities and driving holistic economic development.

    It is further informed that this report marks the launch of an annual series aimed at providing valuable, data-driven insights into the fiscal health of India’s states, fostering informed decision-making and policy interventions. The FHI is designed to assist policymakers by offering insights into states’ fiscal health and helping identify areas requiring intervention and strategic planning.

    The full report can be accessed at: https://www.niti.gov.in/sites/default/files/2025-01/Fiscal_Health_Index_24012025_Final.pdf

     

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    MJPS/SR

    (Release ID: 2095974) Visitor Counter : 43

    MIL OSI Asia Pacific News –