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Category: India

  • Bihar’s ‘Special Intensive Revision’ drive covers 66% voters, 15 days left for final submissions

    Source: Government of India

    Source: Government of India (4)

    The Special Intensive Revision (SIR) of electoral rolls in Bihar has reached 66 per cent voter coverage, according to the Election Commission of India (ECI), with the final deadline still more than two weeks away.

    As of 6 pm on Thursday, 5.22 crore enumeration forms — 66.16 per cent of the total 7.89 crore existing electors in the state — had been collected since the revision drive began on June 24.

    The ECI credited the progress to the active participation of voters and the coordinated effort of 77,895 Booth Level Officers (BLOs), over 20,000 newly appointed BLOs, and more than four lakh volunteers who are helping elderly, differently-abled, sick, and vulnerable voters. In addition, 1.56 lakh Booth Level Agents (BLAs) appointed by all recognised political parties are supporting the exercise.

    Nearly 7.90 crore forms were printed for the drive, and about 98 per cent — roughly 7.71 crore — have already been distributed to voters whose names were on the rolls as of June 24.

    The ECI said the collection exercise could be completed ahead of the July 25 deadline if the current pace continues.

  • MIL-OSI Analysis: The Bangladesh delta is under a dangerous level of strain, analysis reveals

    Source: The Conversation – UK – By Md Sarwar Hossain, Senior Lecturer in Environmental Science & Sustainability, University of Glasgow

    The Ganges delta in Bangladesh. Emre Akkoyun/Shutterstock

    Bangladesh is known as the land of rivers and flooding, despite almost all of its water originating outside the territory. The fact that 80% of rivers that flow through Bangladesh have their sources in a neighbouring country, can make access to freshwater in Bangladesh fraught. And the country’s fast-growing cities and farms – and the warming global climate – are turning up the pressure.

    In a recent analysis, my colleagues and I found that four out of the ten rivers that flow through Bangladesh have failed to meet a set of conditions known as their “safe operating space”, meaning that the flow of water in these rivers is below the minimum necessary to sustain the social-ecological systems that rely on them. These rivers included the Ganges and Old Brahmaputra, as well as Gorai and Halda.

    This puts a safe and reliable food and water supply not to mention the livelihoods of millions of fishers, farmers and other people in the region, at risk.

    Water flow on the remaining six rivers may be close to a dangerous state too, due to the construction of hydropower dams and reservoirs, as well as booming irrigated agriculture.

    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

    The concept of a safe operating space was devised by Stockholm University researchers in 2009 and typically assesses the Earth’s health as a whole by defining boundaries such as climate warming, water use and biodiversity loss which become dangerous to humanity once exceeded. A 2023 update to this research found that six of the nine defined planetary boundaries have been transgressed.

    Since the Bangladesh delta is one of the world’s largest and most densely populated (home to around 170 million people), we thought it prudent to apply this thinking to the rivers here. We found that food, fisheries and the world’s largest intertidal mangrove forest, a haven for rich biodiversity, are all under strain from water demand in growing cities such as Dhaka.

    The knock-on effects

    During all seasons but winter, river flows in the Bangladesh delta have fallen over the past three decades.

    No river in the Bangladesh delta is within its safe operating space.
    Kabir et al. (2024)

    Our analysis highlights the limits of existing political solutions. The ability of the Ganges river to support life and society is severely strained, despite the Ganges water sharing treaty between India and Bangladesh, which was signed in 1996.

    Rivers in Bangladesh have shaped the economy, environment and culture of South Asia since the dawn of human civilisation here. And humans are not the only species suffering. Hilsha (Tenualosa ilisha), related to the herring, is a fish popular for its flavour and delicate texture. It contributes 12% to national fish production in Bangladesh but has become extinct in the upper reaches of the Ganges due to the reduction of water flow.

    Excessive water extraction upstream, primarily through the Farakka barrage, a dam just over the border in the Indian state of West Bengal, has also raised the salinity of the Gorai river. A healthy river flow maintains a liveable balance of salt and freshwater. As river flows have been restricted, salinity has crept up, particularly in coastal regions that are also beset by sea level rise. This damages freshwater fisheries, farm yields and threatens a population of freshwater dolphins in the Ganges.

    Low river flows and increasing salinisation now threaten the destruction of the world’s largest mangrove forest, the loss of which would disrupt the regional climate of Bangladesh, India and Nepal. It would also release a lot of stored carbon to the atmosphere, accelerating climate change and the melting of snow and ice in the Himalayan mountain chain.

    Resilience to climate change

    Solving this problem is no simple task. It will require cooperation across national boundaries and international support to ensure fair treaties capable of managing the rivers sustainably, restoring their associated ecosystems and maintaining river flows within their safe operating spaces.

    The mighty Ganges is running dry in some parts of Bangladesh during the hotter months.
    Md Sarwar Hossain

    This is particularly challenging in the Bangladesh delta, which contains rivers that drain many countries, including China, India, Nepal and Pakistan. The political regimes in each country might oppose transboundary negotiations, which could nevertheless resolve conflict over water which is needed to sustain nearly 700 million people.

    There have been success stories, however. The Mekong river commission between Cambodia, Laos, Thailand and Vietnam is a useful template for bilateral and multilateral treaties with India and Nepal for the Ganges, and China and Bhutan for the Jamuna river.

    Tax-based water sharing can help resolve conflicts and decide water allocation between countries in the river basin. The countries using more water would pay more tax and the revenue would be redistributed among the other countries who share rivers in the treaty. Additionally, water sharing should be based on the historical river flow disregarding existing infrastructure and projections of future changes.

    Reducing deforestation, alternating land use and restoring wetlands could enhance resilience to flooding and drought and ensure water security in the Bangladesh delta. Ultimately, to secure a safe operating space for the rivers here is to secure a safe future for society too.

    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 45,000+ readers who’ve subscribed so far.

    Md Sarwar Hossain does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. The Bangladesh delta is under a dangerous level of strain, analysis reveals – https://theconversation.com/the-bangladesh-delta-is-under-a-dangerous-level-of-strain-analysis-reveals-241097

    MIL OSI Analysis –

  • MIL-OSI USA: Assessing the Global Climate in June 2025

    Source: US National Oceanographic Data Center

    June Highlights:

    • June saw widespread warmer-than-normal temperatures across most of the globe.
    • Northern Hemisphere snow cover extent was below average in June.
    • Sea ice extent was near-record low for the Arctic and third lowest for the Antarctic.
    • Global tropical cyclone activity was above average with nine named storms.
    Map of global selected significant climate anomalies and events in June 2025.

    Temperature

    June 2025 had the third-warmest June global surface temperature in NOAA’s 176-year record, with a temperature 1.76°F (0.98°C) higher than the 20th-century baseline. This June was cooler than June 2023 (second warmest) and June 2024 (warmest). According to NCEI’s Global Annual Temperature Outlook, there is a very high likelihood that 2025 will rank among the five warmest years on record. However, it is unlikely that 2025 will rank as the warmest year on record. 

    Land and Ocean Temperature Percentiles for June 2025 (°C). Red indicates warmer than average and blue indicates colder than average.

    June saw widespread above-average temperatures across much of the globe’s surface. Warm temperature departures were most notable in parts of North America, Europe, central Asia, western and eastern Antarctica and the northern Pacific Ocean. Pockets of below-average temperatures were present across parts of the higher latitudes of the Arctic, Greenland and the North Atlantic, as well as parts of northwestern and northern Asia, India, north and eastern Australia, southern South America, central Antarctica and the eastern tropical Pacific Ocean.

    Regionally, Europe and Asia both had their fifth-warmest June on record. North America had its eighth-warmest and Africa its ninth-warmest. South America, Oceania, the Arctic, the Antarctic and the Caribbean and Hawaiian regions also recorded above-average temperatures for June; however, their anomalies did not place among their respective top 10 warmest Junes on record.

    Precipitation

    As is typical, precipitation patterns varied globally. Regions that experienced drier-than-average conditions included parts of northern Canada and the western contiguous U.S., as well as the southern half of Europe, the central and western parts of Asia and southwestern and eastern Australia. Southern and western Alaska, the eastern half of the U.S., northern South America, northern Europe and much of Asia had wetter-than-average conditions.

    Snow Cover

    The Northern Hemisphere snow cover extent was the 12th-smallest June extent on record, with 610,000 square miles below average. Snow cover over North America and Greenland was below average by 280,000 square miles and was the 11th-smallest snow cover extent in the 59-year record. Eurasia was also below average by 330,000 square miles—tying with 2009 as the 13th-smallest June extent. 

    Sea Ice

    Global sea ice extent was the second-smallest June extent on record at 850,000 square miles below the 1991–2020 average. Arctic sea ice extent was also the second-smallest extent at 320,000 square miles below average. The Antarctic sea ice extent was the third-smallest for June at 540,000 square miles below average.

    Map of the Antarctic (left) and Arctic (right) sea ice extent in June 2025.

    Tropical Cyclones

    Globally, tropical cyclone activity was above average during June, with a total of nine named storms. The Atlantic basin had two named storms: Tropical Storm (TS) Andrea and TS Barry. Notably, Barry brought heavy rain and strong winds to parts of eastern Mexico. Its remnants also contributed to extreme flooding over parts of central Texas in early July.

    The East Pacific basin was more active, with five named storms: Hurricane Barbara, TS Cosme, TS Dahlia, Hurricane Erick and TS Flossie. Among these, Hurricane Erick stands out as the earliest major hurricane on record to make landfall in Mexico.

    The West Pacific saw two named storms: Typhoon Wutip and TS Sepat. Wutip, an equivalent Category 1 typhoon, brought heavy rain and strong winds to southern China.

    No tropical cyclones formed in the North Indian Ocean and the Southern Hemisphere basins.

    For a more complete summary of climate conditions and events, see our June 2025 Global Climate Report or explore our Climate at a Glance Global Time Series.

    MIL OSI USA News –

  • FIFA rankings: India men’s football team slips to 133, lowest in nine years

    Source: Government of India

    Source: Government of India (4)

    The Indian men’s football team has slipped to its lowest FIFA ranking in nine years, falling six spots to 133rd in the latest update released on Thursday. The drop comes after back-to-back defeats in June — a 0-2 loss to Thailand in a friendly on June 4, followed by a 0-1 defeat to lower-ranked Hong Kong in an Asian Cup qualifier.

    These results also led to head coach Manolo Marquez parting ways with the All India Football Federation (AIFF). India last ranked lower in December 2016, when it stood at 135. The team’s all-time best ranking remains 94, achieved in February 1996.

    India now has 1,113.22 rating points, down from 1,132.03, and stands 24th among 46 Asian nations, with Japan leading the continent at 17th in the global rankings. It has been a rough stretch for the Indian men’s team, with the recent loss to Hong Kong severely denting its hopes of qualifying for the 2027 Asian Cup.

    Among Asian Football Confederation (AFC) members, India is ranked 24th out of 47 member associations.

    Under head coach Manolo Marquez, the team managed just one win in its last eight outings — a victory over the Maldives in March. In 2025 so far, India has played four matches, recording one win, one draw, and two defeats.

    The string of poor results led to the return of legendary striker and former captain Sunil Chhetri to the squad, but his comeback has done little to change the team’s fortunes.

    India’s next international fixture is an away match against Singapore in October, as part of the third round of the Asian Cup qualifiers.

    Meanwhile, reigning World Champion Argentina tops the FIFA rankings among 210 nations, followed by Spain, France, England, Brazil, Portugal, the Netherlands, Belgium, Germany, and Croatia, in that order to complete the top 10.

    Costa Rica is the biggest climber in the rankings with a 14-place jump, while Honduras gained the most points.

    IANS

  • MIL-OSI: American Rebel Holdings, Inc. (NASDAQ: AREB) Announces American Rebel Light Beer Distribution Expansion: Rebel Light Launches in Mississippi with Clark Beverage Group, Inc.

    Source: GlobeNewswire (MIL-OSI)

    “Rebel Light” rollout momentum continues and now includes Mississippi in partnership with Clark Beverage Group, bringing America’s Patriotic Beer to Mississippi tailgates, retailers, and proud Rebels everywhere

    NASHVILLE, TN, July 10, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB), maker of America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer, proudly announces its expansion into Mississippi as part of its ongoing national rollout of American Rebel Light Beer (americanrebelbeer.com). This marks the latest milestone in the company’s rapid growth, bringing the nation’s fastest-growing beer to yet another proud patriotic state.

    American Rebel Beverage has partnered with a division of Clark Beverage Group, Inc. (ccclark.com) to bring Rebel Light to retailers, bars, and consumers across Mississippi. Clark Beverage Group, with over 120 years of family-operated excellence, is one of the largest and most respected independent beverage distributors in the Southeast. Founded in 1903 by Carsie C. Clark in Martin, Tennessee, the company has become a regional powerhouse, serving over 85 counties across five states. Their legacy of strong community values, operational excellence, and regional influence makes them a natural and strategic partner for American Rebel.

    “We are thrilled to partner with Clark Beverage Group to bring American Rebel Light to Mississippi,” said Todd Porter, President of American Rebel Beverage. “Clark’s history, reputation, and footprint across the Southeast make them an ideal partner as we continue executing our strategic national expansion. Mississippi embodies the spirit of our brand: proud tradition, deep-rooted values, and patriotic pride.”

    “Mississippi reflects everything our beer stands for – pride in tradition, strength of character, and love of country,” added Porter. “We’re honored to raise a toast with Mississippians and continue building a nationwide community of Rebels who know that real beer reflects real values.”

    “I’m excited to bring American Rebel to the land of the Ole Miss Rebels – where pride runs deep, tradition lives loud, and freedom always finds a home,” said Andy Ross, CEO of American Rebel Holdings. “There’s nothing more American than raising a cold one that stands for what matters. It’s a cold can of conviction – America’s Patriotic, God Fearing, Constitution Loving, National Anthem Singing, Stand Your Ground Beer – brewed for those who don’t back down and won’t blend in.”

    The Mississippi launch is strategically important to American Rebel. With its rich culture, loyal consumers, and strong beverage retail landscape, Mississippi offers the ideal platform to scale both brand recognition and sales. American Rebel Light will be available in 12 oz 12-packs and 16oz Tall Boys, supported by in-store displays, on-premise promotions, and sponsorships that align with both the brand’s patriotic identity and Mississippi’s unique character.

    American Rebel Light is a Premium Domestic Light Lager: crisp, clean, and bold with a lighter feel. With approximately 100 calories, 3.2g carbs, and 4.3% ABV per 12oz serving, it is brewed with all-natural ingredients and no added corn, rice, or sweeteners often found in mass-market beers.

    This Mississippi launch adds to the fast-growing footprint of American Rebel Light, which has expanded rapidly since its debut in September 2024. The brand is already available in Tennessee, Kentucky, North Carolina, Florida, Indiana, Ohio, Missouri, Iowa, Connecticut, Virginia, and Kansas. With new states onboarding monthly, American Rebel is quickly becoming America’s next great company in the beer and beverage industry.

    About American Rebel Holdings, Inc. (NASDAQ: AREB)

    American Rebel began as a designer and marketer of branded safes and personal security products and has since grown into a diversified patriotic lifestyle company with offerings in beer, branded safes, apparel, and accessories. With the introduction of American Rebel Light Beer, the company is now making waves in the beverage space. Learn more at americanrebel.com/investor-relations.

    Watch the American Rebel Story as told by our CEO Andy Ross visit The American Rebel Story

    About American Rebel Light Beer

    American Rebel Light is more than just a beer – it’s a celebration of freedom, passion, and quality. Brewed with care and precision, our light beer delivers a refreshing taste that’s perfect for every occasion.

    Since its launch in September 2024, American Rebel Light Beer has rolled out in Tennessee, Connecticut, Kansas, Kentucky, Ohio, Iowa, Missouri, North Carolina, Florida, Indiana, Virginia and now Mississippi. For more information about the launch events and the availability of American Rebel Beer, please visit americanrebelbeer.com or follow us on our social media platforms (@americanrebelbeer).

    American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

    For more information about American Rebel Light Beer follow us on social media @AmericanRebelBeer.

    Media Inquiries:
    Matt Sheldon
    Matt@Precisionpr.co
    917-280-7329

    Distribution Opportunities:
    Todd Porter
    President, American Rebel Beverage
    tporter@americanrebelbeer.com

    Investor Relations:
    ir@americanrebelbeer.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc. (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts,” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements.

    We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of our continued sponsorship of high profile events, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2025.

    Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Attachment

    The MIL Network –

  • NITI Aayog unveils plan to boost state innovation ecosystem

    Source: Government of India

    Source: Government of India (4)

    Union Minister Jitendra Singh on Thursday unveiled NITI Aayog’s roadmap to bolster State Science and Technology Councils, calling on States to align their research priorities with the Centre’s push to make India a knowledge-driven economy.

    Speaking at the launch event at NITI Aayog, Singh described science and technology as the country’s “key growth engine” that would steer India’s aim of becoming the world’s third-largest economy. He credited Prime Minister Narendra Modi for overhauling India’s planning architecture by replacing the Planning Commission with NITI Aayog in 2014, calling it a shift towards long-term, evidence-based policymaking.

    The roadmap aims to create closer coordination between the Centre and States to unlock regional scientific talent and ensure grassroots-level impact of research. “State S&T Councils must become effective bridges between labs and communities,” Singh said, urging States to link up with industry to help start-ups scale and attract private investment.

    He underlined the Centre’s focus on public-private partnerships and called for reducing overdependence on government funding for innovation. “A mindset shift is crucial if we want to unlock innovation at scale,” he said.

    Singh also pointed to India’s recent scientific strides — from Chandrayaan-3 to indigenous vaccine development and gene therapy trials — as evidence of growing global credibility. Resident patent filings have jumped by over 50% and nearly two-thirds of India’s research output now comes from centrally funded institutions, he added.

    Describing the newly established Anusandhan National Research Foundation (ANRF) as a “game-changer”, Singh said it would bridge gaps between academia and industry through co-investment in research. He also highlighted the liberalisation of India’s space and nuclear sectors and called for the government to play the role of facilitator rather than controller.

    NITI Aayog Vice Chairman Suman Bery said the roadmap was necessary for States to align with national development goals and drive sustainable innovation. Member V.K. Saraswat stressed the need to embed sustainability into research and strengthen state-level capacity building.

    Senior officials including CSIR Director General Dr. N Kalaiselvi, Earth Sciences Secretary Dr. M Ravichandran, and ANRF CEO Dr. Shivkumar Kalyanaraman were present at the launch.

  • Rivers in southwest China breach warning levels, thousands evacuated

    Source: Government of India

    Source: Government of India (4)

    Twenty-five rivers in southwestern China exceeded safe levels on Thursday, state media said, after more than 10,000 people were evacuated as the remnants of former typhoon Danas converged with East Asian monsoon rains.

    Extreme rainfall and severe flooding, which meteorologists link to climate change, increasingly pose major challenges as they threaten to overwhelm ageing flood defences, displace millions and wreak havoc on a $2.8-trillion agricultural sector.

    Heavy rains also hit the capital, Beijing, with one area in the sprawling Chaoyang district receiving 68.2 mm (2.7 inches) of rain in a single hour on Thursday morning, the state-run Beijing Daily said.

    Ten southwestern rivers, including the Longyan, which flows through the densely populated region of Chongqing, could burst their embankments and levees at any time, broadcaster CCTV warned, citing the water resources ministry.

    The remaining 15 had exceeded levels at which they could burst their banks, but posed less of a risk, it added.

    More than 24 hours of torrential rain took levels in the Chishui River of Guizhou province to their highest since records began in 1953, the broadcaster said, while the Xiaocao River in Sichuan province stood at its highest in 29 years.

    More than 10,000 people were evacuated on Wednesday from cities in the provinces of Sichuan and Yunnan, state media said, as the East Asian monsoon rains pushed north from India.

    One county in Yunnan recorded 227.8 mm (9 inches) of rainfall in 24 hours, for its highest total in a single day since records began in 1958 while two people died as torrential rain hit Yunnan’s Zhaotong city, Xinhua said on Thursday.

    Beijing health authorities warned that the combination of frequent downpours, high temperatures and humidity increased the risk of water and food contamination.

    -Reuters

  • MIL-OSI Economics: RBI to conduct 7-day Variable Rate Reverse Repo (VRRR) auction under LAF on July 11, 2025

    Source: Reserve Bank of India

    On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Friday, July 11, 2025, as under:

    Sl. No. Notified Amount
    (₹ crore)    		 Tenor (day) Window Timing Date of Reversal
    1 2,50,000 7 10:00 AM to 10:30 AM July 18, 2025
    (Friday)

    2. Further, on a review of evolving liquidity conditions, it has been decided not to conduct the 14-day main operation on Friday, July 11, 2025, for the ensuing fortnight.

    3. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

    Ajit Prasad          
    Deputy General Manager
    (Communications)     

    Press Release: 2025-2026/691

    MIL OSI Economics –

  • MIL-OSI Economics: RBI to conduct 7-day Variable Rate Reverse Repo (VRRR) auction under LAF on July 11, 2025

    Source: Reserve Bank of India

    On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Friday, July 11, 2025, as under:

    Sl. No. Notified Amount
    (₹ crore)    		 Tenor (day) Window Timing Date of Reversal
    1 2,50,000 7 10:00 AM to 10:30 AM July 18, 2025
    (Friday)

    2. Further, on a review of evolving liquidity conditions, it has been decided not to conduct the 14-day main operation on Friday, July 11, 2025, for the ensuing fortnight.

    3. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

    Ajit Prasad          
    Deputy General Manager
    (Communications)     

    Press Release: 2025-2026/691

    MIL OSI Economics –

  • MIL-OSI: Uzbekistan State Registered Token Backed by Government Bonds

    Source: GlobeNewswire (MIL-OSI)

    TASHKENT, Uzbekistan, July 10, 2025 (GLOBE NEWSWIRE) — The national payment system HUMO has announced the launch of a project for issuing its own token backed by Uzbekistan’s government bonds. The new token is issued by HUMO Digital, a subsidiary of the system. This marks an important step in advancing innovative financial solutions in the country’s economy.

    The issuance of the HUMO token has been registered in the Unified Electronic Register of Crypto-Assets maintained by the National Agency for Prospective Projects of the Republic of Uzbekistan (NAPP). Oversight of the token’s collateral and its safekeeping is handled by the Asterium crypto depository. The HUMO token is backed by government bonds of Uzbekistan, which ensures its stability and protects it from sharp price fluctuations.

    The HUMO token is a project of the national payment system HUMO, a key driver of Uzbekistan’s digital transformation in the financial sector. With over 35 million issued cards and deep integration into the country’s banking and retail infrastructure, HUMO plays a vital role in the everyday financial life of millions of citizens.

    The token’s launch aims to attract foreign investment, simplify business payments, and enhance financial transparency. A token backed by government bonds also strengthens control over transactions and builds trust in innovative financial instruments.

    The HUMO token offers several key advantages: instant and automated fiat conversion, no delays or intermediaries, lower transaction costs, and full transparency and security through blockchain-based data recording.

    The goal of the current stage is to test settlement and integration mechanisms with participation from businesses and retail users, and to explore real-world use cases for the backed token in financial processes.

    Looking ahead, the project plans to introduce new features for companies interested in using advanced tools for payments and operations. The HUMO token will be integrated into payment solutions and is expected to be listed on digital trading platforms. The issuance and circulation mechanisms were designed to fit seamlessly into Uzbekistan’s existing financial infrastructure.

    Maqsad Mukhitdinov, Acting Chairman of the Board of the National Interbank Processing Center (operator of the HUMO national system), stated:

    “The issuance of the HUMO token is a logical step in the evolution of our ecosystem, aimed at creating a secure and regulated backed asset. We seek to combine the benefits of blockchain technology with the reliability of our national payment infrastructure, ensuring user convenience and transparency.”

    Komilkhuzha Sultonov, Director of Asterium, added:

    “This project is more than just a tech innovation — it’s a major step toward building a transparent and resilient financial environment. It opens new opportunities for shaping the economy of the future while reinforcing Asterium’s role as a driver of digital transformation in Uzbekistan.”

    About HUMO

    HumoCard is a national payment system based on banking payment cards, enabling transactions both within Uzbekistan and internationally. HUMO is an integral part of the country’s payment ecosystem. It connects participants, instruments, and platforms in interbank settlements, enabling smooth domestic money transfers and interactions with foreign payment systems.

    HUMO has established direct relationships with major global payment systems such as Visa, MasterCard, and UnionPay International, allowing for foreign currency operations with HUMO bank cards abroad and accepting foreign-issued cards in Uzbekistan. The system is actively expanding integrations with Georgia, Kazakhstan, Kyrgyzstan, South Korea, Turkey, Armenia, and India.

    Contact:
    Aleksey Maksimov
    Chairman of the Board of the National Interbank Processing Center (NMPC)
    info@humocard.uz

    Disclaimer: This is a paid post and is provided by HUMO token. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c3603408-71f1-47bc-ac1b-a45c2be4ce11

    The MIL Network –

  • MIL-OSI Economics: Secretary-General of ASEAN Meets with the Minister of State for External Affairs of India

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today held a bilateral meeting with Minister of State for External Affairs of the Republic of India, Pabitra Margherita, on the sidelines of the 58th ASEAN Foreign Ministers’ Meeting (AMM) and Related Meetings in Kuala Lumpur, Malaysia. Both sides exchanged views on the progress of the ASEAN-India Comprehensive Strategic Partnership and discussed ways to further advance the cooperation and bringing it to greater heights. They also discussed regional and international issues of mutual interest and concern.

    The post Secretary-General of ASEAN Meets with the Minister of State for External Affairs of India appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Economics: Secretary-General of ASEAN Meets with the Minister of State for External Affairs of India

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today held a bilateral meeting with Minister of State for External Affairs of the Republic of India, Pabitra Margherita, on the sidelines of the 58th ASEAN Foreign Ministers’ Meeting (AMM) and Related Meetings in Kuala Lumpur, Malaysia. Both sides exchanged views on the progress of the ASEAN-India Comprehensive Strategic Partnership and discussed ways to further advance the cooperation and bringing it to greater heights. They also discussed regional and international issues of mutual interest and concern.

    The post Secretary-General of ASEAN Meets with the Minister of State for External Affairs of India appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • NESTS launches multi-pronged initiatives with UNICEF, Tata Motors to boost education and employment for tribal youth

    Source: Government of India

    Source: Government of India (4)

    In a major push towards empowering tribal students, the National Education Society for Tribal Students (NESTS), an autonomous body under the Ministry of Tribal Affairs, has unveiled a series of initiatives to enhance education, life skills, and employability for students studying in Eklavya Model Residential Schools (EMRSs) across the country.

    On July 9, NESTS signed landmark agreements with UNICEF India, Tata Motors Limited, and the Ex-Navodayan Foundation to roll out programmes that will support over 1.3 lakh tribal students in their academic and professional journeys.

    At the centre of these efforts is TALASH (Tribal Aptitude, Life Skills and Self-Esteem Hub), an innovative national platform launched in partnership with UNICEF. TALASH aims to strengthen both academic learning and personal development by helping students discover their strengths, build essential life skills, and plan clear career pathways.

    Through psychometric assessments inspired by NCERT’s ‘Tamanna’ initiative, students will receive individual Career Cards suggesting suitable career options based on their aptitudes. The platform will also provide career counselling, dedicated life skills modules, and resources for teachers to guide students effectively. The phased national rollout has already begun, with 189 teachers from 75 EMRSs trained to lead sessions in their schools. By the end of 2025, TALASH is expected to reach all EMRSs in 28 states and 8 union territories.

    Complementing this, NESTS has entered into a five-year Memorandum of Understanding with Tata Motors Limited to bridge the gap between classroom learning and industry-ready skills. Under this partnership, students passing out of Class 12 from EMRSs will be enrolled in Tata Motors’ Kaushalya Program — an ‘Earn & Learn’ initiative that combines a Diploma in Engineering with on-the-job training. Eligible students will be aged 18 to 23 and must have secured at least 60% marks in their Class 10 examinations.

    The program provides a monthly stipend, subsidised canteen and transport facilities, uniforms, safety equipment, insurance cover, and opportunities for high-performing students to pursue further technical studies such as B.Tech through tie-ups like BITS Pilani’s Work Integrated Learning Program. Placement support under a ‘One Trainee, One Job’ policy will ensure that trained graduates find employment within Tata Motors’ manufacturing and service locations nationwide.

    In a parallel move, NESTS has also signed a tripartite agreement with Tata Motors and the Ex-Navodayan Foundation to offer focused coaching for competitive exams like IIT-JEE and NEET. This initiative will include dedicated residential Centres of Excellence at Chankapur (Maharashtra) and Chintapalle (Andhra Pradesh), providing intensive in-person coaching for meritorious science stream students of Grades XI and XII. Additionally, online preparatory classes for Olympiad, NTSE, and KVPY exams will be made available to students from digitally equipped EMRSs, extending support to learners from Grade IX onwards.

    Together, these new measures are intended to close educational gaps, build confidence among tribal youth, and create a sustainable pipeline of skilled students ready to contribute to India’s development.

    According to Ajeet Kumar Srivastava, Commissioner, NESTS, these collaborations are “a testament to our commitment to providing tribal students with opportunities to realise their full potential. Through these initiatives, we aim to bridge gaps in education and empower the next generation of tribal leaders.”

    NESTS, under the Ministry of Tribal Affairs, runs Eklavya Model Residential Schools nationwide to ensure quality education for tribal students. UNICEF India continues to partner with the government in advancing inclusive education, while Tata Motors and the Ex-Navodayan Foundation bring industry experience and academic expertise to strengthen outcomes for tribal youth.

  • MIL-OSI Economics: RBI imposes monetary penalty on Dr. Babasaheb Ambedkar Urban Co-operative Bank Limited, Nagpur, Maharashtra

    Source: Reserve Bank of India

    The Reserve Bank of India (RBl) has, by an order dated July 08, 2025, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on Dr. Babasaheb Ambedkar Urban Co-operative Bank Limited, Nagpur, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and advances to directors, relatives and firms/ concerns in which they are interested-UCBs’ and specific directions issued by RBI under Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

    The statutory inspection of the bank was conducted by the RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice, oral submissions made during the personal hearing and additional submissions made by it, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:

    The bank had:

    1. sanctioned a director related loan; and

    2. not reduced single borrower exposure limit, for fresh loans and advances, by 50% of the applicable regulatory limit in non-adherence to the directions under SAF.

    This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/689

    MIL OSI Economics –

  • MIL-OSI Economics: RBI imposes monetary penalty on Mahesh Urban Cooperative Bank Limited, Parli Vaijnath, Maharashtra

    Source: Reserve Bank of India

    The Reserve Bank of India (RBl) has, by an order dated July 07, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Mahesh Urban Cooperative Bank Limited, Parli Vaijnath, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ and specific directions issued by RBI under Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

    The statutory inspection of the bank was conducted by the RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:

    The bank had:

    1. not reduced single borrower exposure limit, for fresh loans and advances, by 50% of the applicable regulatory limit in non-adherence to the directions under SAF; and

    2. breached single counterparty exposure limit for Non-SLR investments.

    This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/690

    MIL OSI Economics –

  • India’s quick commerce market to triple to Rs 2 lakh crore by FY28: Report

    Source: Government of India

    Source: Government of India (4)

    The Indian quick commerce (Q-commerce) market’s gross order value is poised for exponential growth, nearly tripling from an estimated Rs 64,000 crore in FY25 to around Rs 2 lakh crore by FY28, according to a report on Thursday.

    India’s Q-commerce market is estimated to have reached around Rs 64,000 crore in FY25, growing at a staggering CAGR of 142 per cent during FY22-FY25, driven by evolving consumer preferences, hyperlocal infrastructure, and a lower base, according to the report by CareEdge Advisory, a subsidiary of CareEdge Ratings.

    “While growth remains strong, the focus is shifting from rapid expansion to reviving profitability and operational efficiency. Going forward, deeper penetration in Tier 2 and 3 cities, and tech-led innovations will likely define the next phase of India’s Q-commerce landscape,” said Tanvi Shah, Senior Director and Head, CareEdge Advisory and Research.

    The Q-commerce market revenue generated through fees has grown at a significantly faster pace than the GOV.

    The fee-based revenue, which stood at Rs 450 crore in FY22, has reached an estimated Rs 10,500 crore in FY25 and is further projected to reach Rs 34,500 crore by FY28, representing a significant CAGR of 26-27 per cent from FY25 to FY28.

    This sharp increase is due to increased platform fees by major players, resulting in higher revenue realisation and a substantial increase in overall GOV, the report added.

    Q-commerce industry is still just around 1 per cent of India’s massive grocery market, but that’s exactly what makes it exciting.

    “As more consumers embrace the speed and convenience it offers, Q-commerce is set to grow rapidly, even if the broader grocery market growth remains flat,” said Amir Shaikh, Assistant Director, CareEdge Advisory and Research.

    This digital backbone has enabled the rapid adoption of e-commerce and Q-commerce platforms. India had over 270 million online shoppers in 2024, making it the second-largest e-retail user base globally.

    The e-commerce market grew 23.8 per cent YoY in 2024 and is expected to maintain a CAGR of 21.5 per cent through 2030.

    India’s Q-commerce surge is strongly driven by rising digital adoption and expanding consumer spending power.

    As of early 2025, the country had over 1.12 billion mobile connections, with 806 million internet users, representing a 6.5 per cent YoY increase, and is projected to exceed 900 million users by year-end.

    (IANS)

  • Global end-user spending on GenAI models to reach $14.2 billion in 2025

    Source: Government of India

    Source: Government of India (4)

    A Gartner report said on Thursday that worldwide end-user spending on generative AI (GenAI) models is projected to reach $14.2 billion in 2025.

    End-user spending on specialised GenAI models, which include domain-specific language models (DSLMs), is estimated to total $1.1 billion this year.

    Specialised GenAI models are trained or fine-tuned on industry or business process-specific data.

    Gartner predicts that by 2027, more than half of the GenAI models used by enterprises will be domain-specific (that is, specific to an industry or business function), up from 1 per cent in 2024.

    “Foundation GenAI models (including LLMs) are trained on vast amounts of data and used for many different tasks. They are the first models supporting GenAI and will continue to represent the largest area of spending by organizations in the coming years,” said Arunasree Cheparthi, Senior Principal Research Analyst at Gartner.

    However, organisations are also turning to more domain-specific or vertical GenAI models because they offer improved performance, cost, reliability and relevance in targeted enterprise use cases over foundation models, she mentioned.

    An earlier Gartner report had said that global generative AI spending is expected to reach $644 billion in 2025, a surge of 76.4 per cent from 2024. GenAI spending in 2025 will be driven largely by the integration of AI capabilities into hardware, such as servers, smartphones and PCs, with 80 per cent of GenAI spending going towards hardware.

    GenAI spending is poised for significant growth across all core markets and submarkets in 2025. GenAI will have a transformative impact across all aspects of IT spending markets, suggesting a future where AI technologies become increasingly integral to business operations and consumer products, the report had mentioned.

    Foundational model providers are investing billions annually to enhance GenAI models’ size, performance, and reliability. This paradox will persist through 2025 and 2026.

    (IANS)

  • Global end-user spending on GenAI models to reach $14.2 billion in 2025

    Source: Government of India

    Source: Government of India (4)

    A Gartner report said on Thursday that worldwide end-user spending on generative AI (GenAI) models is projected to reach $14.2 billion in 2025.

    End-user spending on specialised GenAI models, which include domain-specific language models (DSLMs), is estimated to total $1.1 billion this year.

    Specialised GenAI models are trained or fine-tuned on industry or business process-specific data.

    Gartner predicts that by 2027, more than half of the GenAI models used by enterprises will be domain-specific (that is, specific to an industry or business function), up from 1 per cent in 2024.

    “Foundation GenAI models (including LLMs) are trained on vast amounts of data and used for many different tasks. They are the first models supporting GenAI and will continue to represent the largest area of spending by organizations in the coming years,” said Arunasree Cheparthi, Senior Principal Research Analyst at Gartner.

    However, organisations are also turning to more domain-specific or vertical GenAI models because they offer improved performance, cost, reliability and relevance in targeted enterprise use cases over foundation models, she mentioned.

    An earlier Gartner report had said that global generative AI spending is expected to reach $644 billion in 2025, a surge of 76.4 per cent from 2024. GenAI spending in 2025 will be driven largely by the integration of AI capabilities into hardware, such as servers, smartphones and PCs, with 80 per cent of GenAI spending going towards hardware.

    GenAI spending is poised for significant growth across all core markets and submarkets in 2025. GenAI will have a transformative impact across all aspects of IT spending markets, suggesting a future where AI technologies become increasingly integral to business operations and consumer products, the report had mentioned.

    Foundational model providers are investing billions annually to enhance GenAI models’ size, performance, and reliability. This paradox will persist through 2025 and 2026.

    (IANS)

  • MIL-OSI USA: For Restoring Biodiversity Look for Help from the Humble, World-building Muskrat

    Source: US State of Connecticut

    In his speech for the College of Agriculture, Health and Natural Resources (CAHNR) this past spring, keynote speaker Rodney Butler ’99 (BUS), Chairman of the Mashantucket Pequot Tribal Nation, told an abbreviated version of the Indigenous creation story of Skywoman. 

    “When the world was covered in water, Skywoman fell from an opening in the Skyworld and landed on the back of a giant turtle. Skywoman enlisted the help of many animals to dive deep to retrieve soil from the depths of the ocean in an effort to create land. Many animals attempted to grab the soil, but it was the unlikely muskrat, who was both humble and courageous, that was able to return the soil and place it on the back of the great turtle. As the mud is placed on the turtle’s back, it grows and expands, eventually forming the continents and life-sustaining world we know today.” 

    Butler spoke of how the story emphasizes the importance of working together and that we are all better when we work and learn together. There is also great strength in partnering Indigenous knowledge with science to build a sustainable future. 

    Associate Professor Beth Lawrence has a joint appointment with the Center for Environmental Science and Engineering and the Department of Natural Resources and the Environment in CAHNR, and her work adds to the time-honored appreciation of the courageous and humble muskrat. In research published in Freshwater Science, Lawrence and collaborators, including project lead Shane Lishawa and Andrew Monks from Loyola University, and Danielle Fegan and Eric Clark, who are biologists with the Sault Ste. Marie Tribe of Chippewa Indians, describe how muskrats engineer more biologically diverse marsh ecosystems. 

    The researchers study cattail-dominated marshes and strategies to create more varied, or heterogeneous, ecosystems using methods like mechanical harvesting or by applying herbicides. While out on field research, Lawrence says they made an intriguing observation.

    “We noticed in some years that muskrats were doing naturally what we were doing with our aquatic weed whackers and gas-powered equipment. We thought that maybe we should investigate how muskrats alter cattail and associated species,” says Lawrence. 

    The project focused on a marsh that connects the St. Mary’s River outlet of Lake Superior to Lake Michigan and Lake Huron. In vast marshes like this one, the non-native cattail species Typha can take over and make acres of marshland look similar to cornfields in terms of the lack of diversity, says Lawrence. These kinds of monocultures do not support biologically diverse ecosystems. 

    “It homogenizes the wetland, and is not an ideal habitat for birds, macro-invertebrates, fish, and native plants, so over the last 15 years we’ve been interested in how we can manage these invaded cattail marshes of the Great Lakes,” Lawrence says. 

    The researchers have tried a variety of methods to control the cattails, but they are most interested in using mechanical means, rather than chemical control measures. 

    “Cutting the cattail at different intensities and frequencies can reduce its abundance and promote native diversity and also open up habitat that creates heterogeneity in these monotypes. This promotes species diversity overall, and improves habitat for native fish and bird communities,” says Lawrence. 

    Muskrats are semi-aquatic rodents that naturally harvest cattails by cutting them below the water level. This is important because the stems of the plant act almost like a snorkel to provide oxygen to the roots. Cutting stems below the water essentially drowns the cattail by severing the connection between the oxygen-rich atmosphere and the anoxic sediment common to wetlands. The muskrats use the cattails to build their lodges, and the process creates openings that give other plant species a chance to grow. 

    “These important aquatic rodents transform habitats in many ways that some communities, like the Native Americans, have appreciated for 1000s of years, and Western science is just now discovering that importance.” (Adobe Stock)

    Using drones and aerial photography, the researchers identified several lodges and openings where they sampled the vegetation and water quality parameters. They also harvested cattails via mechanical methods or with herbicides to create muskrat disturbance analogs (MDAs) to simulate the muskrat openings. They compared these data with data collected from adjacent non-muskrat-impacted areas.  

    “Then we monitored the vegetation and water quality parameters for two growing seasons after that. We found there was greater biodiversity with the muskrat disturbances and the MDA treatments,” says Lawrence. 

    The muskrats and the MDA methods reduced the presence of the cattails as well as another invasive plant called European frogbit (Hydrocharis), therefore they helped promote more heterogenous communities and the authors note that efforts to increase muskrat populations should be taken as a management strategy in areas where these two invasive plant species dominate. 

    “Restoring biodiversity is critical to our future. Climate change is happening rapidly, and we’re rolling the dice. Maintaining and protecting a diversity of species is important because we don’t know which species will survive or thrive in different climate scenarios,” says Lawrence. “I think of Aldo Leopold’s quote about how an intelligent tinkerer always keeps all the parts. We want to keep all of the parts of the planet because we don’t know exactly what the future is going to look like.” 

    Lawrence also has projects focusing on beavers, which are also vital ecosystem engineers. Like muskrats, beavers transform habitats and act as keystone species that play an important role in creating wetland habitats, 

    “These important aquatic rodents transform habitats in many ways that some communities, like the Native Americans, have appreciated for 1000s of years, and Western science is just now discovering that importance. Beavers are resurging on the landscape after being almost extirpated in New England due to hunting. They were reintroduced after being essentially extinct in Connecticut about 200 years ago and then reintroduced about 100 years ago. Now, their populations are exploding, and they’re transforming our landscape again.”  

    Lawrence also reflects on the significance of teamwork in this project:

    “I think science takes a team. Our relationship with the tribe and across institutions is a big part of the importance of this paper and this project. It was a really satisfying project, both in terms of the relationships that have developed over the years, but also how we’ve gained a lot of insights by studying the system over decades.” 

    MIL OSI USA News –

  • MIL-OSI: First Federal Savings Bank and ICBA: 10 Tips for Safe Travel This Summer

    Source: GlobeNewswire (MIL-OSI)

    EVANSVILLE, Ind., July 10, 2025 (GLOBE NEWSWIRE) — As Americans make their travel plans this summer, First Federal Savings Bank and the Independent Community Bankers of America (ICBA) are sharing planning tips for consumers to minimize unwanted surprises during travel to maximize their enjoyment as they venture away from home.

    “Planning for the unexpected is the key to lessen the financial impact and increase your peace of mind when traveling domestic or abroad. Important factors are trip delays, lost or damaged merchandise, and last-minute expenses,” said Courtney Schmitt, VP, Marketing Manager at First Federal Savings Bank. “Call on First Federal Savings Bank and our expert staff who can offer support if you encounter an unforeseen expense during your travels.”

    ICBA and First Federal Savings Bank urge consumers to consider these 10 tips before departing for their next trip:

    1. Inform your community bank of your travel plans to avoid account holds or transaction rejections when unusual transactions are presented for processing. Set up a travel notice within the My Cards section of our banking app.*
    2. Ensure you have a chip-enabled card or contactless card, particularly if your travel plans take you overseas where chip technology may be a prerequisite for card acceptance.
    3. Carry multiple cards as a backup. Families or couples may get even greater backup coverage if each person takes a different card.
    4. Create transaction alerts for credit and debit cards. If you suspect your information has been compromised, contact your bank and credit card provider immediately. For information about what to do in the event of a lost or stolen card, visit the Visa and Mastercard websites.
    5. Inquire about special card features like travel accident insurance and traveler’s assistance.
    6. Choose an ATM or bank for currency purchases for fewer fees and an exact conversion rate.
    7. Check card readers for signs of tampering. When in doubt, choose another terminal.
    8. Lock away valuables such as passports, backup credit cards, financial information, and cash.
    9. Use social media with care. Posting your pictures or whereabouts during travel could leave you susceptible to home invaders.
    10. Monitor charge activity. Review purchases and ATM withdrawals with your bank and credit card companies when you return home and save your receipts. Be sure to set up alerts within the My Cards section of our banking app* to receive alerts in real time.

    *Data rates may apply

    About First Federal Savings Bank Member FDIC

    First Federal Savings Bank was established on Evansville, Indiana’s Westside in 1904. A community bank offering eight locations in Posey, Vanderburgh, Warrick, and Henderson County. First Federal Savings Bank is also proud to offer Home Building Savings Bank locations in Daviess and Pike County.

    About ICBA

    The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.

    As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.

    The MIL Network –

  • MIL-OSI: First Federal Savings Bank and ICBA: 10 Tips for Safe Travel This Summer

    Source: GlobeNewswire (MIL-OSI)

    EVANSVILLE, Ind., July 10, 2025 (GLOBE NEWSWIRE) — As Americans make their travel plans this summer, First Federal Savings Bank and the Independent Community Bankers of America (ICBA) are sharing planning tips for consumers to minimize unwanted surprises during travel to maximize their enjoyment as they venture away from home.

    “Planning for the unexpected is the key to lessen the financial impact and increase your peace of mind when traveling domestic or abroad. Important factors are trip delays, lost or damaged merchandise, and last-minute expenses,” said Courtney Schmitt, VP, Marketing Manager at First Federal Savings Bank. “Call on First Federal Savings Bank and our expert staff who can offer support if you encounter an unforeseen expense during your travels.”

    ICBA and First Federal Savings Bank urge consumers to consider these 10 tips before departing for their next trip:

    1. Inform your community bank of your travel plans to avoid account holds or transaction rejections when unusual transactions are presented for processing. Set up a travel notice within the My Cards section of our banking app.*
    2. Ensure you have a chip-enabled card or contactless card, particularly if your travel plans take you overseas where chip technology may be a prerequisite for card acceptance.
    3. Carry multiple cards as a backup. Families or couples may get even greater backup coverage if each person takes a different card.
    4. Create transaction alerts for credit and debit cards. If you suspect your information has been compromised, contact your bank and credit card provider immediately. For information about what to do in the event of a lost or stolen card, visit the Visa and Mastercard websites.
    5. Inquire about special card features like travel accident insurance and traveler’s assistance.
    6. Choose an ATM or bank for currency purchases for fewer fees and an exact conversion rate.
    7. Check card readers for signs of tampering. When in doubt, choose another terminal.
    8. Lock away valuables such as passports, backup credit cards, financial information, and cash.
    9. Use social media with care. Posting your pictures or whereabouts during travel could leave you susceptible to home invaders.
    10. Monitor charge activity. Review purchases and ATM withdrawals with your bank and credit card companies when you return home and save your receipts. Be sure to set up alerts within the My Cards section of our banking app* to receive alerts in real time.

    *Data rates may apply

    About First Federal Savings Bank Member FDIC

    First Federal Savings Bank was established on Evansville, Indiana’s Westside in 1904. A community bank offering eight locations in Posey, Vanderburgh, Warrick, and Henderson County. First Federal Savings Bank is also proud to offer Home Building Savings Bank locations in Daviess and Pike County.

    About ICBA

    The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.

    As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.

    The MIL Network –

  • Rajnath Singh hails PM Modi’s leadership, praises successful five-nation visit

    Source: Government of India

    Source: Government of India (4)

    Defence Minister Rajnath Singh on Thursday hailed Prime Minister Narendra Modi’s recent five-nation official visit .

    “Under your able leadership, India is growing fast and getting stronger. Your recent 5-nation official visit is a testimony to India’s rising clout and stature,” said Rajnath Singh in a message addressed to PM Modi on the social media platform X.

    Earlier, PM Modi extended greetings to Rajnath Singh on his birthday, while the latter thanked all his party colleagues for their wishes and motivational words.

    “Pradhanmantriji, thank you for your good wishes and motivating words,” said the Defence Minister.

    In his birthday wishes, PM Modi said, “Best wishes to Union Minister Shri Rajnath Singh Ji on his birthday. He’s distinguished himself for his hardworking nature and wisdom. His efforts to make India self-reliant in defence and strengthen our armed forces are commendable. Praying for his long and healthy life.”

    he Prime Minister began his tour with a visit to Ghana on July 2-3- the first by an Indian Prime Minister to the West African nation in over three decades. In Accra, he held bilateral talks with President John Mahama to review the existing partnership and explore new areas of cooperation in economic development, defence, maritime security, energy, and critical minerals. Both leaders agreed to elevate ties to a Comprehensive Partnership. President Mahama also conferred on PM Modi The Officer of the Order of the Star of Ghana, the country’s highest civilian award.

    On July 3-4, PM Modi travelled to Trinidad and Tobago– the first Prime Ministerial visit since 1999. He met Prime Minister Kamla Persad-Bissessar and addressed the Parliament. During the visit, India announced that Overseas Citizenship of India (OCI) cards will now be issued to the sixth generation of the Indian diaspora in the Caribbean nation. PM Modi was also honoured with The Order of the Republic of Trinidad and Tobago, the nation’s highest civilian honour.

    The third leg of the tour took PM Modi to Argentina on July 4-5- the first standalone bilateral visit by an Indian Prime Minister to the South American country in nearly six decades. He held discussions with President Javier Milei to strengthen cooperation in defence, agriculture, mining, energy, trade, and investment. Describing the visit as productive, PM Modi said the talks would help deepen India-Argentina ties. He was also presented with the Key to the City of Buenos Aires by the city’s Chief, Jorge Macri.

    In the fourth leg of his visit, Prime Minister Modi attended the 17th BRICS Summit held in Rio de Janeiro, Brazil, from July 6 to 7. He then travelled to Brasília, the capital of Brazil, for a State Visit and held bilateral talks with President Luiz Inácio Lula da Silva. The two leaders discussed ways to expand the Strategic Partnership between India and Brazil in areas such as trade, defence, energy, space, technology, agriculture, health, and people-to-people exchanges. During the visit, President Lula conferred on Prime Minister Modi Brazil’s highest civilian honour, The Grand Collar of the National Order of the Southern Cross.

    In the final leg of his tour on July 9, Prime Minister Modi visited Namibia – marking the first visit by an Indian Prime Minister to the  country in 27 years. He addressed the Namibian Parliament, where he received a standing ovation from the members. During the visit, President Netumbo Nandi-Ndaitwah conferred upon him The Order of the Most Ancient Welwitschia Mirabilis, Namibia’s highest civilian honour.

  • Rajnath Singh hails PM Modi’s leadership, praises successful five-nation visit

    Source: Government of India

    Source: Government of India (4)

    Defence Minister Rajnath Singh on Thursday hailed Prime Minister Narendra Modi’s recent five-nation official visit .

    “Under your able leadership, India is growing fast and getting stronger. Your recent 5-nation official visit is a testimony to India’s rising clout and stature,” said Rajnath Singh in a message addressed to PM Modi on the social media platform X.

    Earlier, PM Modi extended greetings to Rajnath Singh on his birthday, while the latter thanked all his party colleagues for their wishes and motivational words.

    “Pradhanmantriji, thank you for your good wishes and motivating words,” said the Defence Minister.

    In his birthday wishes, PM Modi said, “Best wishes to Union Minister Shri Rajnath Singh Ji on his birthday. He’s distinguished himself for his hardworking nature and wisdom. His efforts to make India self-reliant in defence and strengthen our armed forces are commendable. Praying for his long and healthy life.”

    he Prime Minister began his tour with a visit to Ghana on July 2-3- the first by an Indian Prime Minister to the West African nation in over three decades. In Accra, he held bilateral talks with President John Mahama to review the existing partnership and explore new areas of cooperation in economic development, defence, maritime security, energy, and critical minerals. Both leaders agreed to elevate ties to a Comprehensive Partnership. President Mahama also conferred on PM Modi The Officer of the Order of the Star of Ghana, the country’s highest civilian award.

    On July 3-4, PM Modi travelled to Trinidad and Tobago– the first Prime Ministerial visit since 1999. He met Prime Minister Kamla Persad-Bissessar and addressed the Parliament. During the visit, India announced that Overseas Citizenship of India (OCI) cards will now be issued to the sixth generation of the Indian diaspora in the Caribbean nation. PM Modi was also honoured with The Order of the Republic of Trinidad and Tobago, the nation’s highest civilian honour.

    The third leg of the tour took PM Modi to Argentina on July 4-5- the first standalone bilateral visit by an Indian Prime Minister to the South American country in nearly six decades. He held discussions with President Javier Milei to strengthen cooperation in defence, agriculture, mining, energy, trade, and investment. Describing the visit as productive, PM Modi said the talks would help deepen India-Argentina ties. He was also presented with the Key to the City of Buenos Aires by the city’s Chief, Jorge Macri.

    In the fourth leg of his visit, Prime Minister Modi attended the 17th BRICS Summit held in Rio de Janeiro, Brazil, from July 6 to 7. He then travelled to Brasília, the capital of Brazil, for a State Visit and held bilateral talks with President Luiz Inácio Lula da Silva. The two leaders discussed ways to expand the Strategic Partnership between India and Brazil in areas such as trade, defence, energy, space, technology, agriculture, health, and people-to-people exchanges. During the visit, President Lula conferred on Prime Minister Modi Brazil’s highest civilian honour, The Grand Collar of the National Order of the Southern Cross.

    In the final leg of his tour on July 9, Prime Minister Modi visited Namibia – marking the first visit by an Indian Prime Minister to the  country in 27 years. He addressed the Namibian Parliament, where he received a standing ovation from the members. During the visit, President Netumbo Nandi-Ndaitwah conferred upon him The Order of the Most Ancient Welwitschia Mirabilis, Namibia’s highest civilian honour.

  • Rajnath Singh hails PM Modi’s leadership, praises successful five-nation visit

    Source: Government of India

    Source: Government of India (4)

    Defence Minister Rajnath Singh on Thursday hailed Prime Minister Narendra Modi’s recent five-nation official visit .

    “Under your able leadership, India is growing fast and getting stronger. Your recent 5-nation official visit is a testimony to India’s rising clout and stature,” said Rajnath Singh in a message addressed to PM Modi on the social media platform X.

    Earlier, PM Modi extended greetings to Rajnath Singh on his birthday, while the latter thanked all his party colleagues for their wishes and motivational words.

    “Pradhanmantriji, thank you for your good wishes and motivating words,” said the Defence Minister.

    In his birthday wishes, PM Modi said, “Best wishes to Union Minister Shri Rajnath Singh Ji on his birthday. He’s distinguished himself for his hardworking nature and wisdom. His efforts to make India self-reliant in defence and strengthen our armed forces are commendable. Praying for his long and healthy life.”

    he Prime Minister began his tour with a visit to Ghana on July 2-3- the first by an Indian Prime Minister to the West African nation in over three decades. In Accra, he held bilateral talks with President John Mahama to review the existing partnership and explore new areas of cooperation in economic development, defence, maritime security, energy, and critical minerals. Both leaders agreed to elevate ties to a Comprehensive Partnership. President Mahama also conferred on PM Modi The Officer of the Order of the Star of Ghana, the country’s highest civilian award.

    On July 3-4, PM Modi travelled to Trinidad and Tobago– the first Prime Ministerial visit since 1999. He met Prime Minister Kamla Persad-Bissessar and addressed the Parliament. During the visit, India announced that Overseas Citizenship of India (OCI) cards will now be issued to the sixth generation of the Indian diaspora in the Caribbean nation. PM Modi was also honoured with The Order of the Republic of Trinidad and Tobago, the nation’s highest civilian honour.

    The third leg of the tour took PM Modi to Argentina on July 4-5- the first standalone bilateral visit by an Indian Prime Minister to the South American country in nearly six decades. He held discussions with President Javier Milei to strengthen cooperation in defence, agriculture, mining, energy, trade, and investment. Describing the visit as productive, PM Modi said the talks would help deepen India-Argentina ties. He was also presented with the Key to the City of Buenos Aires by the city’s Chief, Jorge Macri.

    In the fourth leg of his visit, Prime Minister Modi attended the 17th BRICS Summit held in Rio de Janeiro, Brazil, from July 6 to 7. He then travelled to Brasília, the capital of Brazil, for a State Visit and held bilateral talks with President Luiz Inácio Lula da Silva. The two leaders discussed ways to expand the Strategic Partnership between India and Brazil in areas such as trade, defence, energy, space, technology, agriculture, health, and people-to-people exchanges. During the visit, President Lula conferred on Prime Minister Modi Brazil’s highest civilian honour, The Grand Collar of the National Order of the Southern Cross.

    In the final leg of his tour on July 9, Prime Minister Modi visited Namibia – marking the first visit by an Indian Prime Minister to the  country in 27 years. He addressed the Namibian Parliament, where he received a standing ovation from the members. During the visit, President Netumbo Nandi-Ndaitwah conferred upon him The Order of the Most Ancient Welwitschia Mirabilis, Namibia’s highest civilian honour.

  • Govt committed to farmers’ welfare, says Piyush Goyal at Agri Leadership Conclave

    Source: Government of India

    Source: Government of India (4)

    Union Commerce and Industry Minister Piyush Goyal on Thursday underlined the government’s continued focus on empowering India’s farming community, citing multiple initiatives aimed at ensuring agricultural sustainability, better incomes, and global competitiveness.

    Speaking at the 16th Agriculture Leadership Conclave in New Delhi, Goyal said over 25 crore Soil Health Cards have been distributed to farmers across the country, promoting balanced fertiliser use and improved productivity. The Kisan Credit Card scheme, he added, has enhanced access to institutional credit for millions of farmers.

    Reiterating the Centre’s commitment to farmers, the minister said agriculture has remained central to the government’s development agenda under Prime Minister Narendra Modi. Direct income support under the PM-KISAN Samman Nidhi scheme, he noted, has benefited a large number of rural families.

    To strengthen agri-marketing, Goyal said 1,400 mandis have been integrated with the e-NAM platform, offering farmers real-time price information and wider market access.

    Goyal also highlighted efforts to keep fertilisers affordable, pointing to the continuation of subsidies and uninterrupted supply during the COVID-19 pandemic. Lauding farmers for maintaining stable agri-exports despite global headwinds, he said exports from agriculture, animal husbandry, and fisheries stood at ₹4 lakh crore in 2023–24.

    Basmati rice, spices, fresh produce, fisheries, and poultry continued to drive agri-export growth, supported by trade deals with Australia, the UAE, EFTA countries, and the UK, he added.

    Looking ahead, Goyal identified key growth areas including seed production, organic farming, and drip irrigation. He said digital technologies like AI, geospatial mapping, and weather forecasting tools are being integrated to modernise agriculture and empower Farmer Producer Organisations (FPOs).

    The minister also stressed the need for value addition through food processing, branding, and improved packaging. He said the government is focusing on warehousing and storage infrastructure with dedicated funds for agriculture, fisheries, and animal husbandry.

    “Under the vision of Viksit Bharat, agriculture will remain a core pillar of India’s growth story,” he stressed.

  • Govt committed to farmers’ welfare, says Piyush Goyal at Agri Leadership Conclave

    Source: Government of India

    Source: Government of India (4)

    Union Commerce and Industry Minister Piyush Goyal on Thursday underlined the government’s continued focus on empowering India’s farming community, citing multiple initiatives aimed at ensuring agricultural sustainability, better incomes, and global competitiveness.

    Speaking at the 16th Agriculture Leadership Conclave in New Delhi, Goyal said over 25 crore Soil Health Cards have been distributed to farmers across the country, promoting balanced fertiliser use and improved productivity. The Kisan Credit Card scheme, he added, has enhanced access to institutional credit for millions of farmers.

    Reiterating the Centre’s commitment to farmers, the minister said agriculture has remained central to the government’s development agenda under Prime Minister Narendra Modi. Direct income support under the PM-KISAN Samman Nidhi scheme, he noted, has benefited a large number of rural families.

    To strengthen agri-marketing, Goyal said 1,400 mandis have been integrated with the e-NAM platform, offering farmers real-time price information and wider market access.

    Goyal also highlighted efforts to keep fertilisers affordable, pointing to the continuation of subsidies and uninterrupted supply during the COVID-19 pandemic. Lauding farmers for maintaining stable agri-exports despite global headwinds, he said exports from agriculture, animal husbandry, and fisheries stood at ₹4 lakh crore in 2023–24.

    Basmati rice, spices, fresh produce, fisheries, and poultry continued to drive agri-export growth, supported by trade deals with Australia, the UAE, EFTA countries, and the UK, he added.

    Looking ahead, Goyal identified key growth areas including seed production, organic farming, and drip irrigation. He said digital technologies like AI, geospatial mapping, and weather forecasting tools are being integrated to modernise agriculture and empower Farmer Producer Organisations (FPOs).

    The minister also stressed the need for value addition through food processing, branding, and improved packaging. He said the government is focusing on warehousing and storage infrastructure with dedicated funds for agriculture, fisheries, and animal husbandry.

    “Under the vision of Viksit Bharat, agriculture will remain a core pillar of India’s growth story,” he stressed.

  • MIL-OSI Economics: Financial Action Task Force (FATF) High risk and other monitored jurisdictions – June 12-13, 2025

    Source: Reserve Bank of India

    The Financial Action Task Force (FATF) vide public document ‘High-Risk Jurisdictions subject to a Call for Action’ – 13 June 2025, has called on its members and other jurisdictions to refer to the statement on Democratic People’s Republic of Korea (DPRK) and Iran adopted in February 2020 which remains in effect. Further, Myanmar was added to the list of High-Risk Jurisdictions subject to a Call for Action in the October 2022 FATF plenary and FATF has called on its members and other jurisdictions to apply enhanced due diligence measures proportionate to the risk arising from Myanmar. When applying enhanced due diligence measures, countries have been advised to ensure that flows of funds for humanitarian assistance, legitimate NPO activity and remittances are not disrupted. The status of Myanmar in the list of countries subject to a call for action, remains unchanged.

    FATF had earlier identified the following jurisdictions as having strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing and had placed the jurisdictions under Increased Monitoring, which had developed action plan with the FATF to deal with them. These jurisdictions were: Algeria, Angola, Bulgaria, Burkina Faso, Cameroon, Côte d’Ivoire, Croatia, Democratic Republic of the Congo, Haiti, Kenya, Lao People’s Democratic Republic (Lao PDR), Lebanon, Mali, Monaco, Mozambique, Namibia, Nepal, Nigeria, South Africa, South Sudan, Syria, Tanzania, Venezuela, Vietnam and Yemen. As per the June 13, 2025 FATF public statement, Bolivia and the Virgin Islands (UK) have been added to the list of Jurisdictions under Increased Monitoring while Croatia, Mali and Tanzania have been removed from this list based on review by the FATF.

    FATF plenary releases documents titled “High-Risk jurisdictions subject to a Call for Action” and “Jurisdictions under Increased Monitoring” with respect to jurisdictions that have strategic AML/CFT deficiencies as part of the ongoing efforts to identify and work with jurisdictions with strategic Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) deficiencies. This advice does not preclude the regulated entities from legitimate trade and business transactions with these countries and jurisdictions mentioned there.

    The detailed information is available in the updated public statements and document released by FATF on June 13, 2025. The statements and document can be accessed at the following URL:

    1. https://www.fatf-gafi.org/en/publications/Fatfgeneral/outcomes-FATF-MONEYVAL-plenary-june-2025.html

    2. https://www.fatf-gafi.org/en/publications/High-risk-and-other-monitored-jurisdictions/increased-monitoring-june-2025.html

    3. https://www.fatf-gafi.org/en/publications/High-risk-and-other-monitored-jurisdictions/Call-for-action-june-2025.html

    About FATF

    The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions. The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. The FATF monitors the progress of its members in implementing necessary measures, reviews money laundering and terrorist financing techniques and counter-measures, and promotes the adoption and implementation of appropriate measures globally. The FATF’s decision making body, the FATF Plenary, meets three times a year and updates these statements, which may be noted.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/686

    MIL OSI Economics –

  • MIL-OSI Economics: Financial Action Task Force (FATF) High risk and other monitored jurisdictions – June 12-13, 2025

    Source: Reserve Bank of India

    The Financial Action Task Force (FATF) vide public document ‘High-Risk Jurisdictions subject to a Call for Action’ – 13 June 2025, has called on its members and other jurisdictions to refer to the statement on Democratic People’s Republic of Korea (DPRK) and Iran adopted in February 2020 which remains in effect. Further, Myanmar was added to the list of High-Risk Jurisdictions subject to a Call for Action in the October 2022 FATF plenary and FATF has called on its members and other jurisdictions to apply enhanced due diligence measures proportionate to the risk arising from Myanmar. When applying enhanced due diligence measures, countries have been advised to ensure that flows of funds for humanitarian assistance, legitimate NPO activity and remittances are not disrupted. The status of Myanmar in the list of countries subject to a call for action, remains unchanged.

    FATF had earlier identified the following jurisdictions as having strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing and had placed the jurisdictions under Increased Monitoring, which had developed action plan with the FATF to deal with them. These jurisdictions were: Algeria, Angola, Bulgaria, Burkina Faso, Cameroon, Côte d’Ivoire, Croatia, Democratic Republic of the Congo, Haiti, Kenya, Lao People’s Democratic Republic (Lao PDR), Lebanon, Mali, Monaco, Mozambique, Namibia, Nepal, Nigeria, South Africa, South Sudan, Syria, Tanzania, Venezuela, Vietnam and Yemen. As per the June 13, 2025 FATF public statement, Bolivia and the Virgin Islands (UK) have been added to the list of Jurisdictions under Increased Monitoring while Croatia, Mali and Tanzania have been removed from this list based on review by the FATF.

    FATF plenary releases documents titled “High-Risk jurisdictions subject to a Call for Action” and “Jurisdictions under Increased Monitoring” with respect to jurisdictions that have strategic AML/CFT deficiencies as part of the ongoing efforts to identify and work with jurisdictions with strategic Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) deficiencies. This advice does not preclude the regulated entities from legitimate trade and business transactions with these countries and jurisdictions mentioned there.

    The detailed information is available in the updated public statements and document released by FATF on June 13, 2025. The statements and document can be accessed at the following URL:

    1. https://www.fatf-gafi.org/en/publications/Fatfgeneral/outcomes-FATF-MONEYVAL-plenary-june-2025.html

    2. https://www.fatf-gafi.org/en/publications/High-risk-and-other-monitored-jurisdictions/increased-monitoring-june-2025.html

    3. https://www.fatf-gafi.org/en/publications/High-risk-and-other-monitored-jurisdictions/Call-for-action-june-2025.html

    About FATF

    The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions. The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. The FATF monitors the progress of its members in implementing necessary measures, reviews money laundering and terrorist financing techniques and counter-measures, and promotes the adoption and implementation of appropriate measures globally. The FATF’s decision making body, the FATF Plenary, meets three times a year and updates these statements, which may be noted.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/686

    MIL OSI Economics –

  • MIL-OSI NGOs: UK: Government’s unchecked use of tech and AI systems leading to exclusion of people with disabilities and other marginalized groups 

    Source: Amnesty International –

    People with disabilities, those living in poverty or who have serious health conditions are being left in a bureaucratic limbo due to digital exclusion caused by the Department of Work and Pensions’ (DWP) unchecked roll-out of technologies, Amnesty International said today in a new report. 

    The report, “Too Much Technology, Not Enough Empathy” exposes how the DWP’s constant testing, rolling out, and rolling back of costly artificial intelligence (AI) and digital technologies for Universal Credit (UC), Personal Independence Payment (PIP), and other social security schemes has created an inaccessible social security system for people who are already marginalized and at risk of poverty in the UK.  

    Many people requiring social security do not have access to digital technologies, internet or internet connected devices. Their affordability coupled with language barriers and long waiting times for telephone services have led to digital exclusion from DWP’s systems. 

    “The DWP’s mission to reduce ‘costs’ is the beating heart of fascination with, and overreliance on, problematic tech. People are struggling to make ends meet and put food on the table due to cuts in social security and yet the DWP is more concerned about experimental technologies to surveil claimants,” said Imogen-Richmond Bishop, Researcher on Technology, Economic, Social and Cultural Rights. 

    “The tech-enabled system to claim and manage welfare benefits is resulting in relentless dehumanization and strain for people who are already wrestling to access their basic needs in a broken system.” 

    The research is an extension of Amnesty International’s 2025 report, “Social Insecurity: The devastating human rights impact of social security system failures in the UK”that details how the UK’s social security system requires a wholesale overhaul to put it back on track to being human rights compliant and ensure a decent standard of living. The struggles in accessing adequate social security payments to prevent poverty are intersectional and complex, with technology forming one component of the broader social support ecosystem. 

    The tech-enabled system to claim and manage welfare benefits is resulting in relentless dehumanization and strain for people who are already wrestling to access their basic needs in a broken system.

    Imogen-Richmond Bishop, Researcher on Technology, Economic, Social and Cultural Rights

    Both investigations draw their findings from questionnaires, focus group interviews with social security recipients and social security advisors, and build on previous work done by civil society. In total, views of 782 people were captured through this process that took place from October 2024 to January 2025. 

    Perfect storm of pre-existing flaws and new problems 

    The use of digital technologies combined with further cuts to the UK’s social security system after years of austerity has created a perfect storm, where pre-existing flaws are being exacerbated, and new problems linked to these new technologies are being created. 

    Automated systems and the use of AI in the assessment and provision of social security can introduce a significant risk of errors in decision making, due to biased or discriminatory algorithms, with serious consequences for claimants.  

    Digital exclusion can be experienced due to a person’s living conditions, educational attainment, health status, and income levels – complex factors that are not always fully captured by automated social security systems.   

    For one of the claimants interviewed by Amnesty International, gender, and socio-economic status all represented barriers to her access to services online. 

    “You know, have some form of compassion, you know, make the forms and things easier. I mean, I’m quite illiterate. I mean, a lot of women, and men of my age, can’t use them […] So they’re stuffed. They send me letters on my phone. I can’t open them. So I ring up. I can’t open it. I haven’t got an iPad. I can’t afford an iPad, you know,” the claimant told Amnesty International. 

    Human rights implications 

    The digitized and sweeping data collection has also created an all-seeing social security system that impacts claimants’ rights to privacy, data protection, and human dignity. 

    Using extensive amounts of data to determine eligibility for state support is not new. However, the scale and the breadth of the data used, and the speed with which it is processed now is new and can bring with it new unintended consequences and human rights risks.  

    “DWP’s experimentation with tech systems has jeopardised human rights and reduced people in need to data points. The success of a claim can be dependent on whether they neatly fit into a box or meet set criteria rather than their actual eligibility. Technology in this instance has oversimplified people’s complex realities and this demeans people’s needs especially when they are unable to get the support they need from a human case worker,” said Imogen Richmond-Bishop. 

    Amnesty International wrote to the DWP ahead of the publication of the report and provided a comprehensive summary of the research findings and the methodology. DWP declined to comment on the substance of the report at this time of publication.  

    The UK authorities must carry out an independent, and impartial review of the social security system as well as the digital systems used by the DWP and scrap any that violate human rights. We need laws to regulate AI to ensure it doesn’t contribute to human rights violations. Digital systems must be transparent, explainable, and never mandatory.  

    Background: 

    In May 2025, Amnesty International’s “Social Insecurity” report, exposed how cuts, sanctions and systemic failings of the UK’s social security system are pushing people deeper into poverty. 

    Amnesty International has also done research on public sector automation and digitalization in Denmark, Netherlands, India, Serbia, and supported work in France and Sweden on the resulting human rights risks and impacts of algorithmic decision-making in these jurisdictions.   

    MIL OSI NGO –

  • Iran urges UN nuclear watchdog to drop ‘double standards’

    Source: Government of India

    Source: Government of India (4)

    Iran’s president said on Thursday the U.N. nuclear watchdog should drop its “double standards” if Tehran is to resume cooperation with it over the Islamic Republic’s nuclear programme, Iranian state media reported.

    President Masoud Pezeshkian last week enacted a law suspending cooperation with the International Atomic Energy Agency, and the IAEA said it had pulled its last remaining inspectors out of Iran.

    Relations between Iran and the IAEA have worsened since the United States and Israel bombed Iranian nuclear facilities in June, saying they wanted to prevent Tehran developing an atomic weapon. Iran says its nuclear programme is for peaceful purposes only and denies seeking atomic weapons.

    “The continuation of Iran’s cooperation with the agency (IAEA) depends of the latter correcting its double standards regarding the nuclear file,” state media quoted Pezeshkian as telling European Council President Antonio Costa by phone.

    “Any repeated aggression (against Iran) will be met with a more decisive and regrettable response,” he said.

    Tehran accuses the IAEA of failing to condemn the attacks by the United States and Israel, and says the nuclear watchdog paved the way for the bombing by issuing a resolution declaring Iran in breach of its non-proliferation obligations.

    “Failure to observe the principle of impartiality in reporting is one of the examples that casts doubt on the status and credibility of the IAEA,” Pezeshkian said.

    The bombing of Iran’s nuclear facilities led to a 12-day war, during which Iran launched drones and missiles at Israel.

    IAEA inspectors have not been able to inspect Iran’s facilities since the bombing campaign, even though IAEA chief Rafael Grossi has said it is his top priority.

    (Reuters)