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Category: India

  • PM Modi leaves for Trinidad and Tobago after concluding two-day Ghana visit

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday departed from Ghana’s capital, Accra, after concluding the first leg of his five-nation tour. He will now travel to Trinidad and Tobago for the second leg of his visit, scheduled from July 3 to July 4.

    This was PM Modi’s first visit to the West African nation and the first by an Indian Prime Minister to Ghana in over three decades.

    Before his departure, the PM interacted with members of the Indian diaspora, who welcomed him warmly.

    In Accra, PM Modi held delegation-level talks with Ghana’s President, John Mahama, to review the bilateral partnership and discuss ways to enhance cooperation in sectors such as economy, energy, defence and development.

    During talks with President Mahama, PM Modi announced the elevation of ties to a Comprehensive Partnership, citing “immense scope” for collaboration in critical minerals, defence, maritime security and energy.

    In a post on X, the PM said, “India and Ghana also see immense scope in working closely in areas such as critical minerals, defence, maritime security and energy. Enhancing cultural linkages was also discussed.”

    Describing the talks as “extremely fruitful”, PM Modi said the discussions focused on strengthening trade and economic ties. “We discussed ways to improve trade and economic linkages. Cooperation in FinTech, skill development, healthcare and other such sectors were also deliberated upon,” the PM added.

    During the visit, the Prime Minister was conferred with the “Officer of the Order of the Star of Ghana”, the country’s highest civilian honour, by President Mahama.

    PM Modi thanked Ghana for the award, calling it a “matter of immense pride”. “It is a matter of great pride and honour for me to be conferred with Ghana’s national award, The Officer of the Order of the Star of Ghana, by the President. I express my heartfelt gratitude to President Mahama ji, the Government of Ghana and the people of Ghana. I humbly accept this honour on behalf of 1.4 billion Indians,” he said.

    PM Modi dedicated the honour to the youth of both countries, saying, “I dedicate this award to the aspirations of our youth, their bright future, our rich cultural diversity and traditions, and the historic ties between India and Ghana.”

    The PM also addressed Ghana’s Parliament, where he described the relationship between India and Ghana as boundless, and said the friendship between the two nations was “sweeter than Ghana’s famous Sugar Loaf Pineapple”.

    Additionally, the PM visited the Kwame Nkrumah Memorial Park in Accra to pay tribute to Ghana’s founding President and a leading figure in Africa’s independence movement.

    PM Modi’s visit to Trinidad and Tobago will be his first as Prime Minister and marks the first bilateral Prime Ministerial visit to the country since 1999.

    The Prime Minister will also visit Argentina, Brazil and Namibia as part of his tour. He will travel to Brazil from July 5 to 8 to attend the 17th BRICS Summit 2025, before proceeding on a state visit to the South American nation.

    (ANI)

    July 4, 2025
  • MIL-OSI Banking: RBI to conduct 7-day Variable Rate Reverse Repo (VRRR) auction under LAF on July 04, 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 04, 2025, as under:

    Sl. No. Notified Amount
    (₹ crore)
    Tenor (day) Window Timing Date of Reversal
    1 1,00,000 7 10:00 AM to 10:30 AM July 11, 2025
    (Friday)

    2. 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: 2025-2026/648

    MIL OSI Global Banks –

    July 4, 2025
  • MIL-OSI Europe: ASIA/INDIA – Chemical factory explosion: Catholic Church calls for transparency and protection of workers’ dignity

    Source: Agenzia Fides – MIL OSI

    Syro malankara Church Telangana

    Hyderabad (Agenzia Fides) – “The explosion at a chemical factory in the state of Telangana once again raises the serious problem of exploitation and disregard for the dignity of workers. The victims are mostly poor people, members of tribal communities, migrant workers, and daily laborers, who are the most vulnerable. It will be necessary to examine whether there was negligence and whether the authorities and the company that owns the factory complied with all labor protection measures,” said Fr. Stephen Alathara, Deputy Secretary General and Spokesperson of the Catholic Bishops’ Conference of India (CCBI), in an interview with Fides following the explosion on June 30 in the Sangareddy district, north of Hyderabad, the capital of the Indian state of Telangana, which killed at least 40 workers and injured more than 35, many of them still in critical condition.The explosion caused the collapse of a three-story building managed by the pharmaceutical company Sigachi Industries Private Limited. In response to public outrage, the Telangana state government has promised 10 million rupees in compensation to the families of the deceased workers and 1 million rupees in compensation to the injured. Furthermore, a commission of inquiry, composed of experts and scientists, will be established today, July 3, to investigate the explosion. The commission will determine the causes and establish the sequence of events that led to the disaster.”The Indian Church has united in all communities to express its solidarity and to pray for the victims during daily Masses, as requested by the bishops,” Father Alathara told Fides. In an official statement, the Inter-Ritual Bishops’ Conference of India (CBCI) also expressed its “deep sadness and sorrow over the tragic explosion at a chemical factory in Telangana.” “Our condolences go out to the families who lost their loved ones in this sudden and devastating tragedy. We also pray for the speedy and full recovery of all those injured, and that the Lord grants strength and courage to their families and caregivers,” the Indian bishops said in a statement. Many of the victims, the bishops said, originally came from other states and were internal migrants who had come to Telangana to care for their families. The CBCI statement called for “a thorough and transparent investigation to shed light on the causes of the explosion and any deficiencies identified,” and pointed out that “the dignity of every human life and the right to a safe and secure working environment must be upheld as a moral and constitutional responsibility.” “It is necessary to review the labor laws that allow companies to exploit workers,” Father Alathara concluded. “And we must ensure that all the rules established by law were observed. Those who suffer are always the poorest, the defenseless, those who cannot even go to court, the migrants, the tribal people, the weakest. The Church is at their side to help them with all means and in every way.” (PA) (Agenzia Fides, 3/7/2025)
    Share:

    MIL OSI Europe News –

    July 4, 2025
  • Hamas seeks ceasefire guarantees as scores more are killed in Gaza

    Source: Government of India

    Source: Government of India (4)

    Hamas is seeking guarantees that a new U.S. ceasefire proposal for Gaza would lead to the war’s end, a source close to the militant group said on Thursday, as medics said Israeli strikes across the territory had killed scores more people.

    Israeli officials said prospects for reaching a ceasefire deal and hostage deal appeared high, nearly 21 months since the war between Israel and Hamas began.

    Efforts for a Gaza truce have gathered steam after the U.S. secured a ceasefire to end a 12-day aerial conflict between Israel and Iran, but on the ground in Gaza intensified Israeli strikes continued unabated, killing at least 59 people on Thursday, according to health authorities in the territory.

    On Tuesday, U.S. President Donald Trump said that Israel had accepted the conditions needed to finalise a 60-day ceasefire with Hamas, during which the parties will work to end the war.

    Hamas is seeking clear guarantees that the ceasefire will eventually lead to the war’s end, the source close to the group said. Two Israeli officials said that those details were still being worked out.

    Ending the war has been the main sticking point in repeated rounds of failed negotiations.

    Egyptian security sources said Egyptian and Qatari mediators were working to secure U.S. and international guarantees that talks on ending the war would continue as a way of convincing Hamas to accept the two-month truce proposal.

    A separate source familiar with the matter said that Israel was expecting Hamas’ response by Friday and that if it was positive, an Israeli delegation would join indirect talks to cement the deal.

    The proposal includes the staggered release of 10 living Israeli hostages and the return of the bodies of 18 more in exchange for Palestinian prisoners held in Israeli jails, sources say. Of the 50 remaining hostages in Gaza, 20 are believed to still be alive.

    A senior Israeli official close to Prime Minister Benjamin Netanyahu said preparations were in place to approve a ceasefire deal even as the premier heads to Washington to meet Trump on Monday.

    ‘READINESS TO ADVANCE’

    Israeli Energy Minister Eli Cohen, who sits on Netanyahu’s security cabinet, told news website Ynet that there was “definitely readiness to advance a deal.”

    In Gaza, however, there was little sign of relief. At least 17 people were killed in an Israeli strike that hit a school in Gaza City where displaced families were sheltering, according to medics.

    “Suddenly, we found the tent collapsing over us and a fire burning. We don’t know what happened,” one witness, Wafaa Al-Arqan, told Reuters. “What can we do? Is it fair that all these children burned?”

    According to medics at Nasser hospital farther south, at least 20 people were killed by Israeli fire en route to an aid distribution site.

    The Israeli military said it was looking into the reports and that its forces were taking precautions to mitigate harm to civilians as it battled Palestinian militants throughout Gaza.

    The war began when Hamas fighters stormed into Israel on October 7, 2023, killing 1,200 people and taking 251 hostages back to Gaza, according to Israeli tallies.

    Israel’s subsequent military assault has killed more than 57,000 Palestinians, according to the Gaza health ministry, while displacing most of the population of more than 2 million, triggering widespread hunger and leaving much of the territory in ruins.

    Israel says it won’t end the war while Hamas is still armed and ruling Gaza. Hamas, severely weakened, says it won’t lay down its weapons but is willing to release all the hostages still in Gaza if Israel ends the war.

    -Reuters

    July 4, 2025
  • Hamas seeks ceasefire guarantees as scores more are killed in Gaza

    Source: Government of India

    Source: Government of India (4)

    Hamas is seeking guarantees that a new U.S. ceasefire proposal for Gaza would lead to the war’s end, a source close to the militant group said on Thursday, as medics said Israeli strikes across the territory had killed scores more people.

    Israeli officials said prospects for reaching a ceasefire deal and hostage deal appeared high, nearly 21 months since the war between Israel and Hamas began.

    Efforts for a Gaza truce have gathered steam after the U.S. secured a ceasefire to end a 12-day aerial conflict between Israel and Iran, but on the ground in Gaza intensified Israeli strikes continued unabated, killing at least 59 people on Thursday, according to health authorities in the territory.

    On Tuesday, U.S. President Donald Trump said that Israel had accepted the conditions needed to finalise a 60-day ceasefire with Hamas, during which the parties will work to end the war.

    Hamas is seeking clear guarantees that the ceasefire will eventually lead to the war’s end, the source close to the group said. Two Israeli officials said that those details were still being worked out.

    Ending the war has been the main sticking point in repeated rounds of failed negotiations.

    Egyptian security sources said Egyptian and Qatari mediators were working to secure U.S. and international guarantees that talks on ending the war would continue as a way of convincing Hamas to accept the two-month truce proposal.

    A separate source familiar with the matter said that Israel was expecting Hamas’ response by Friday and that if it was positive, an Israeli delegation would join indirect talks to cement the deal.

    The proposal includes the staggered release of 10 living Israeli hostages and the return of the bodies of 18 more in exchange for Palestinian prisoners held in Israeli jails, sources say. Of the 50 remaining hostages in Gaza, 20 are believed to still be alive.

    A senior Israeli official close to Prime Minister Benjamin Netanyahu said preparations were in place to approve a ceasefire deal even as the premier heads to Washington to meet Trump on Monday.

    ‘READINESS TO ADVANCE’

    Israeli Energy Minister Eli Cohen, who sits on Netanyahu’s security cabinet, told news website Ynet that there was “definitely readiness to advance a deal.”

    In Gaza, however, there was little sign of relief. At least 17 people were killed in an Israeli strike that hit a school in Gaza City where displaced families were sheltering, according to medics.

    “Suddenly, we found the tent collapsing over us and a fire burning. We don’t know what happened,” one witness, Wafaa Al-Arqan, told Reuters. “What can we do? Is it fair that all these children burned?”

    According to medics at Nasser hospital farther south, at least 20 people were killed by Israeli fire en route to an aid distribution site.

    The Israeli military said it was looking into the reports and that its forces were taking precautions to mitigate harm to civilians as it battled Palestinian militants throughout Gaza.

    The war began when Hamas fighters stormed into Israel on October 7, 2023, killing 1,200 people and taking 251 hostages back to Gaza, according to Israeli tallies.

    Israel’s subsequent military assault has killed more than 57,000 Palestinians, according to the Gaza health ministry, while displacing most of the population of more than 2 million, triggering widespread hunger and leaving much of the territory in ruins.

    Israel says it won’t end the war while Hamas is still armed and ruling Gaza. Hamas, severely weakened, says it won’t lay down its weapons but is willing to release all the hostages still in Gaza if Israel ends the war.

    -Reuters

    July 4, 2025
  • Hamas seeks ceasefire guarantees as scores more are killed in Gaza

    Source: Government of India

    Source: Government of India (4)

    Hamas is seeking guarantees that a new U.S. ceasefire proposal for Gaza would lead to the war’s end, a source close to the militant group said on Thursday, as medics said Israeli strikes across the territory had killed scores more people.

    Israeli officials said prospects for reaching a ceasefire deal and hostage deal appeared high, nearly 21 months since the war between Israel and Hamas began.

    Efforts for a Gaza truce have gathered steam after the U.S. secured a ceasefire to end a 12-day aerial conflict between Israel and Iran, but on the ground in Gaza intensified Israeli strikes continued unabated, killing at least 59 people on Thursday, according to health authorities in the territory.

    On Tuesday, U.S. President Donald Trump said that Israel had accepted the conditions needed to finalise a 60-day ceasefire with Hamas, during which the parties will work to end the war.

    Hamas is seeking clear guarantees that the ceasefire will eventually lead to the war’s end, the source close to the group said. Two Israeli officials said that those details were still being worked out.

    Ending the war has been the main sticking point in repeated rounds of failed negotiations.

    Egyptian security sources said Egyptian and Qatari mediators were working to secure U.S. and international guarantees that talks on ending the war would continue as a way of convincing Hamas to accept the two-month truce proposal.

    A separate source familiar with the matter said that Israel was expecting Hamas’ response by Friday and that if it was positive, an Israeli delegation would join indirect talks to cement the deal.

    The proposal includes the staggered release of 10 living Israeli hostages and the return of the bodies of 18 more in exchange for Palestinian prisoners held in Israeli jails, sources say. Of the 50 remaining hostages in Gaza, 20 are believed to still be alive.

    A senior Israeli official close to Prime Minister Benjamin Netanyahu said preparations were in place to approve a ceasefire deal even as the premier heads to Washington to meet Trump on Monday.

    ‘READINESS TO ADVANCE’

    Israeli Energy Minister Eli Cohen, who sits on Netanyahu’s security cabinet, told news website Ynet that there was “definitely readiness to advance a deal.”

    In Gaza, however, there was little sign of relief. At least 17 people were killed in an Israeli strike that hit a school in Gaza City where displaced families were sheltering, according to medics.

    “Suddenly, we found the tent collapsing over us and a fire burning. We don’t know what happened,” one witness, Wafaa Al-Arqan, told Reuters. “What can we do? Is it fair that all these children burned?”

    According to medics at Nasser hospital farther south, at least 20 people were killed by Israeli fire en route to an aid distribution site.

    The Israeli military said it was looking into the reports and that its forces were taking precautions to mitigate harm to civilians as it battled Palestinian militants throughout Gaza.

    The war began when Hamas fighters stormed into Israel on October 7, 2023, killing 1,200 people and taking 251 hostages back to Gaza, according to Israeli tallies.

    Israel’s subsequent military assault has killed more than 57,000 Palestinians, according to the Gaza health ministry, while displacing most of the population of more than 2 million, triggering widespread hunger and leaving much of the territory in ruins.

    Israel says it won’t end the war while Hamas is still armed and ruling Gaza. Hamas, severely weakened, says it won’t lay down its weapons but is willing to release all the hostages still in Gaza if Israel ends the war.

    -Reuters

    July 4, 2025
  • Hamas seeks ceasefire guarantees as scores more are killed in Gaza

    Source: Government of India

    Source: Government of India (4)

    Hamas is seeking guarantees that a new U.S. ceasefire proposal for Gaza would lead to the war’s end, a source close to the militant group said on Thursday, as medics said Israeli strikes across the territory had killed scores more people.

    Israeli officials said prospects for reaching a ceasefire deal and hostage deal appeared high, nearly 21 months since the war between Israel and Hamas began.

    Efforts for a Gaza truce have gathered steam after the U.S. secured a ceasefire to end a 12-day aerial conflict between Israel and Iran, but on the ground in Gaza intensified Israeli strikes continued unabated, killing at least 59 people on Thursday, according to health authorities in the territory.

    On Tuesday, U.S. President Donald Trump said that Israel had accepted the conditions needed to finalise a 60-day ceasefire with Hamas, during which the parties will work to end the war.

    Hamas is seeking clear guarantees that the ceasefire will eventually lead to the war’s end, the source close to the group said. Two Israeli officials said that those details were still being worked out.

    Ending the war has been the main sticking point in repeated rounds of failed negotiations.

    Egyptian security sources said Egyptian and Qatari mediators were working to secure U.S. and international guarantees that talks on ending the war would continue as a way of convincing Hamas to accept the two-month truce proposal.

    A separate source familiar with the matter said that Israel was expecting Hamas’ response by Friday and that if it was positive, an Israeli delegation would join indirect talks to cement the deal.

    The proposal includes the staggered release of 10 living Israeli hostages and the return of the bodies of 18 more in exchange for Palestinian prisoners held in Israeli jails, sources say. Of the 50 remaining hostages in Gaza, 20 are believed to still be alive.

    A senior Israeli official close to Prime Minister Benjamin Netanyahu said preparations were in place to approve a ceasefire deal even as the premier heads to Washington to meet Trump on Monday.

    ‘READINESS TO ADVANCE’

    Israeli Energy Minister Eli Cohen, who sits on Netanyahu’s security cabinet, told news website Ynet that there was “definitely readiness to advance a deal.”

    In Gaza, however, there was little sign of relief. At least 17 people were killed in an Israeli strike that hit a school in Gaza City where displaced families were sheltering, according to medics.

    “Suddenly, we found the tent collapsing over us and a fire burning. We don’t know what happened,” one witness, Wafaa Al-Arqan, told Reuters. “What can we do? Is it fair that all these children burned?”

    According to medics at Nasser hospital farther south, at least 20 people were killed by Israeli fire en route to an aid distribution site.

    The Israeli military said it was looking into the reports and that its forces were taking precautions to mitigate harm to civilians as it battled Palestinian militants throughout Gaza.

    The war began when Hamas fighters stormed into Israel on October 7, 2023, killing 1,200 people and taking 251 hostages back to Gaza, according to Israeli tallies.

    Israel’s subsequent military assault has killed more than 57,000 Palestinians, according to the Gaza health ministry, while displacing most of the population of more than 2 million, triggering widespread hunger and leaving much of the territory in ruins.

    Israel says it won’t end the war while Hamas is still armed and ruling Gaza. Hamas, severely weakened, says it won’t lay down its weapons but is willing to release all the hostages still in Gaza if Israel ends the war.

    -Reuters

    July 4, 2025
  • PM Modi becomes first Indian Prime Minister to address Ghana’s Parliament, calls for stronger voice for Global South

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday became the first Indian Prime Minister to address a special session of Ghana’s Parliament, underlining India’s commitment to strengthening democratic values and championing the voice of the Global South in global governance.

    Addressing lawmakers, government officials and dignitaries in Accra, PM Modi said he brought with him the goodwill and greetings of 1.4 billion Indians as the representative of the world’s largest democracy.

    “For us, democracy is not merely a system; it is a part of our fundamental values,” the PM said, adding that true democracy promotes debate, discussion, dignity and human rights.

    Recalling the shared history of India and Ghana, both of which bear the scars of colonial rule, the Prime Minister said that despite this past, “our spirits have always remained free and fearless.”

    Quoting Ghana’s first President, Dr. Kwame Nkrumah, PM Modi said, “The forces that unite us are intrinsic and greater than the superimposed influences that keep us apart.” He stressed that the ideals of unity, peace and justice form the foundation of strong and enduring partnerships.

    The PM also noted that the post-World War II global order is changing rapidly, driven by technological revolutions, the rise of the Global South and shifting demographics. He called for credible and effective reforms in global governance, underlining that progress cannot be achieved without giving a stronger voice to emerging nations.

    Highlighting India’s presidency of the G20, PM Modi said the inclusion of the African Union as a permanent member was a step towards ensuring fair representation for Africa and the Global South.

    “Today, India is the fastest-growing emerging economy,” the Prime Minister said, describing the country as a hub for innovation and technology where global companies are keen to invest. He added that a strong India would contribute to a more stable and prosperous world.

    During his speech, PM Modi expressed gratitude to President John Dramani Mahama and the Ghanaian people for the national honour conferred upon him, calling it a symbol of the enduring friendship between the two nations.

    PM Modi praised Ghana’s vibrant parliamentary system and welcomed growing ties between the legislatures of both countries, including the establishment of the Ghana-India Parliamentary Friendship Society.

    Reaffirming India’s resolve to become a developed nation by 2047, the PM assured lawmakers that India would continue to stand “shoulder to shoulder with Ghana in its pursuit of progress and prosperity.”

    The session was convened by Ghana’s Speaker of Parliament, Alban Kingsford Sumana Bagbin, and marked a significant milestone in India-Ghana ties, reflecting shared democratic values and a commitment to deepening bilateral relations.

    July 4, 2025
  • PM Modi becomes first Indian Prime Minister to address Ghana’s Parliament, calls for stronger voice for Global South

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday became the first Indian Prime Minister to address a special session of Ghana’s Parliament, underlining India’s commitment to strengthening democratic values and championing the voice of the Global South in global governance.

    Addressing lawmakers, government officials and dignitaries in Accra, PM Modi said he brought with him the goodwill and greetings of 1.4 billion Indians as the representative of the world’s largest democracy.

    “For us, democracy is not merely a system; it is a part of our fundamental values,” the PM said, adding that true democracy promotes debate, discussion, dignity and human rights.

    Recalling the shared history of India and Ghana, both of which bear the scars of colonial rule, the Prime Minister said that despite this past, “our spirits have always remained free and fearless.”

    Quoting Ghana’s first President, Dr. Kwame Nkrumah, PM Modi said, “The forces that unite us are intrinsic and greater than the superimposed influences that keep us apart.” He stressed that the ideals of unity, peace and justice form the foundation of strong and enduring partnerships.

    The PM also noted that the post-World War II global order is changing rapidly, driven by technological revolutions, the rise of the Global South and shifting demographics. He called for credible and effective reforms in global governance, underlining that progress cannot be achieved without giving a stronger voice to emerging nations.

    Highlighting India’s presidency of the G20, PM Modi said the inclusion of the African Union as a permanent member was a step towards ensuring fair representation for Africa and the Global South.

    “Today, India is the fastest-growing emerging economy,” the Prime Minister said, describing the country as a hub for innovation and technology where global companies are keen to invest. He added that a strong India would contribute to a more stable and prosperous world.

    During his speech, PM Modi expressed gratitude to President John Dramani Mahama and the Ghanaian people for the national honour conferred upon him, calling it a symbol of the enduring friendship between the two nations.

    PM Modi praised Ghana’s vibrant parliamentary system and welcomed growing ties between the legislatures of both countries, including the establishment of the Ghana-India Parliamentary Friendship Society.

    Reaffirming India’s resolve to become a developed nation by 2047, the PM assured lawmakers that India would continue to stand “shoulder to shoulder with Ghana in its pursuit of progress and prosperity.”

    The session was convened by Ghana’s Speaker of Parliament, Alban Kingsford Sumana Bagbin, and marked a significant milestone in India-Ghana ties, reflecting shared democratic values and a commitment to deepening bilateral relations.

    July 4, 2025
  • PM Modi becomes first Indian Prime Minister to address Ghana’s Parliament, calls for stronger voice for Global South

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday became the first Indian Prime Minister to address a special session of Ghana’s Parliament, underlining India’s commitment to strengthening democratic values and championing the voice of the Global South in global governance.

    Addressing lawmakers, government officials and dignitaries in Accra, PM Modi said he brought with him the goodwill and greetings of 1.4 billion Indians as the representative of the world’s largest democracy.

    “For us, democracy is not merely a system; it is a part of our fundamental values,” the PM said, adding that true democracy promotes debate, discussion, dignity and human rights.

    Recalling the shared history of India and Ghana, both of which bear the scars of colonial rule, the Prime Minister said that despite this past, “our spirits have always remained free and fearless.”

    Quoting Ghana’s first President, Dr. Kwame Nkrumah, PM Modi said, “The forces that unite us are intrinsic and greater than the superimposed influences that keep us apart.” He stressed that the ideals of unity, peace and justice form the foundation of strong and enduring partnerships.

    The PM also noted that the post-World War II global order is changing rapidly, driven by technological revolutions, the rise of the Global South and shifting demographics. He called for credible and effective reforms in global governance, underlining that progress cannot be achieved without giving a stronger voice to emerging nations.

    Highlighting India’s presidency of the G20, PM Modi said the inclusion of the African Union as a permanent member was a step towards ensuring fair representation for Africa and the Global South.

    “Today, India is the fastest-growing emerging economy,” the Prime Minister said, describing the country as a hub for innovation and technology where global companies are keen to invest. He added that a strong India would contribute to a more stable and prosperous world.

    During his speech, PM Modi expressed gratitude to President John Dramani Mahama and the Ghanaian people for the national honour conferred upon him, calling it a symbol of the enduring friendship between the two nations.

    PM Modi praised Ghana’s vibrant parliamentary system and welcomed growing ties between the legislatures of both countries, including the establishment of the Ghana-India Parliamentary Friendship Society.

    Reaffirming India’s resolve to become a developed nation by 2047, the PM assured lawmakers that India would continue to stand “shoulder to shoulder with Ghana in its pursuit of progress and prosperity.”

    The session was convened by Ghana’s Speaker of Parliament, Alban Kingsford Sumana Bagbin, and marked a significant milestone in India-Ghana ties, reflecting shared democratic values and a commitment to deepening bilateral relations.

    July 4, 2025
  • PM Modi becomes first Indian Prime Minister to address Ghana’s Parliament, calls for stronger voice for Global South

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday became the first Indian Prime Minister to address a special session of Ghana’s Parliament, underlining India’s commitment to strengthening democratic values and championing the voice of the Global South in global governance.

    Addressing lawmakers, government officials and dignitaries in Accra, PM Modi said he brought with him the goodwill and greetings of 1.4 billion Indians as the representative of the world’s largest democracy.

    “For us, democracy is not merely a system; it is a part of our fundamental values,” the PM said, adding that true democracy promotes debate, discussion, dignity and human rights.

    Recalling the shared history of India and Ghana, both of which bear the scars of colonial rule, the Prime Minister said that despite this past, “our spirits have always remained free and fearless.”

    Quoting Ghana’s first President, Dr. Kwame Nkrumah, PM Modi said, “The forces that unite us are intrinsic and greater than the superimposed influences that keep us apart.” He stressed that the ideals of unity, peace and justice form the foundation of strong and enduring partnerships.

    The PM also noted that the post-World War II global order is changing rapidly, driven by technological revolutions, the rise of the Global South and shifting demographics. He called for credible and effective reforms in global governance, underlining that progress cannot be achieved without giving a stronger voice to emerging nations.

    Highlighting India’s presidency of the G20, PM Modi said the inclusion of the African Union as a permanent member was a step towards ensuring fair representation for Africa and the Global South.

    “Today, India is the fastest-growing emerging economy,” the Prime Minister said, describing the country as a hub for innovation and technology where global companies are keen to invest. He added that a strong India would contribute to a more stable and prosperous world.

    During his speech, PM Modi expressed gratitude to President John Dramani Mahama and the Ghanaian people for the national honour conferred upon him, calling it a symbol of the enduring friendship between the two nations.

    PM Modi praised Ghana’s vibrant parliamentary system and welcomed growing ties between the legislatures of both countries, including the establishment of the Ghana-India Parliamentary Friendship Society.

    Reaffirming India’s resolve to become a developed nation by 2047, the PM assured lawmakers that India would continue to stand “shoulder to shoulder with Ghana in its pursuit of progress and prosperity.”

    The session was convened by Ghana’s Speaker of Parliament, Alban Kingsford Sumana Bagbin, and marked a significant milestone in India-Ghana ties, reflecting shared democratic values and a commitment to deepening bilateral relations.

    July 4, 2025
  • PM Modi becomes first Indian Prime Minister to address Ghana’s Parliament, calls for stronger voice for Global South

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday became the first Indian Prime Minister to address a special session of Ghana’s Parliament, underlining India’s commitment to strengthening democratic values and championing the voice of the Global South in global governance.

    Addressing lawmakers, government officials and dignitaries in Accra, PM Modi said he brought with him the goodwill and greetings of 1.4 billion Indians as the representative of the world’s largest democracy.

    “For us, democracy is not merely a system; it is a part of our fundamental values,” the PM said, adding that true democracy promotes debate, discussion, dignity and human rights.

    Recalling the shared history of India and Ghana, both of which bear the scars of colonial rule, the Prime Minister said that despite this past, “our spirits have always remained free and fearless.”

    Quoting Ghana’s first President, Dr. Kwame Nkrumah, PM Modi said, “The forces that unite us are intrinsic and greater than the superimposed influences that keep us apart.” He stressed that the ideals of unity, peace and justice form the foundation of strong and enduring partnerships.

    The PM also noted that the post-World War II global order is changing rapidly, driven by technological revolutions, the rise of the Global South and shifting demographics. He called for credible and effective reforms in global governance, underlining that progress cannot be achieved without giving a stronger voice to emerging nations.

    Highlighting India’s presidency of the G20, PM Modi said the inclusion of the African Union as a permanent member was a step towards ensuring fair representation for Africa and the Global South.

    “Today, India is the fastest-growing emerging economy,” the Prime Minister said, describing the country as a hub for innovation and technology where global companies are keen to invest. He added that a strong India would contribute to a more stable and prosperous world.

    During his speech, PM Modi expressed gratitude to President John Dramani Mahama and the Ghanaian people for the national honour conferred upon him, calling it a symbol of the enduring friendship between the two nations.

    PM Modi praised Ghana’s vibrant parliamentary system and welcomed growing ties between the legislatures of both countries, including the establishment of the Ghana-India Parliamentary Friendship Society.

    Reaffirming India’s resolve to become a developed nation by 2047, the PM assured lawmakers that India would continue to stand “shoulder to shoulder with Ghana in its pursuit of progress and prosperity.”

    The session was convened by Ghana’s Speaker of Parliament, Alban Kingsford Sumana Bagbin, and marked a significant milestone in India-Ghana ties, reflecting shared democratic values and a commitment to deepening bilateral relations.

    July 4, 2025
  • PM Modi becomes first Indian Prime Minister to address Ghana’s Parliament, calls for stronger voice for Global South

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday became the first Indian Prime Minister to address a special session of Ghana’s Parliament, underlining India’s commitment to strengthening democratic values and championing the voice of the Global South in global governance.

    Addressing lawmakers, government officials and dignitaries in Accra, PM Modi said he brought with him the goodwill and greetings of 1.4 billion Indians as the representative of the world’s largest democracy.

    “For us, democracy is not merely a system; it is a part of our fundamental values,” the PM said, adding that true democracy promotes debate, discussion, dignity and human rights.

    Recalling the shared history of India and Ghana, both of which bear the scars of colonial rule, the Prime Minister said that despite this past, “our spirits have always remained free and fearless.”

    Quoting Ghana’s first President, Dr. Kwame Nkrumah, PM Modi said, “The forces that unite us are intrinsic and greater than the superimposed influences that keep us apart.” He stressed that the ideals of unity, peace and justice form the foundation of strong and enduring partnerships.

    The PM also noted that the post-World War II global order is changing rapidly, driven by technological revolutions, the rise of the Global South and shifting demographics. He called for credible and effective reforms in global governance, underlining that progress cannot be achieved without giving a stronger voice to emerging nations.

    Highlighting India’s presidency of the G20, PM Modi said the inclusion of the African Union as a permanent member was a step towards ensuring fair representation for Africa and the Global South.

    “Today, India is the fastest-growing emerging economy,” the Prime Minister said, describing the country as a hub for innovation and technology where global companies are keen to invest. He added that a strong India would contribute to a more stable and prosperous world.

    During his speech, PM Modi expressed gratitude to President John Dramani Mahama and the Ghanaian people for the national honour conferred upon him, calling it a symbol of the enduring friendship between the two nations.

    PM Modi praised Ghana’s vibrant parliamentary system and welcomed growing ties between the legislatures of both countries, including the establishment of the Ghana-India Parliamentary Friendship Society.

    Reaffirming India’s resolve to become a developed nation by 2047, the PM assured lawmakers that India would continue to stand “shoulder to shoulder with Ghana in its pursuit of progress and prosperity.”

    The session was convened by Ghana’s Speaker of Parliament, Alban Kingsford Sumana Bagbin, and marked a significant milestone in India-Ghana ties, reflecting shared democratic values and a commitment to deepening bilateral relations.

    July 4, 2025
  • PM Modi becomes first Indian Prime Minister to address Ghana’s Parliament, calls for stronger voice for Global South

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday became the first Indian Prime Minister to address a special session of Ghana’s Parliament, underlining India’s commitment to strengthening democratic values and championing the voice of the Global South in global governance.

    Addressing lawmakers, government officials and dignitaries in Accra, PM Modi said he brought with him the goodwill and greetings of 1.4 billion Indians as the representative of the world’s largest democracy.

    “For us, democracy is not merely a system; it is a part of our fundamental values,” the PM said, adding that true democracy promotes debate, discussion, dignity and human rights.

    Recalling the shared history of India and Ghana, both of which bear the scars of colonial rule, the Prime Minister said that despite this past, “our spirits have always remained free and fearless.”

    Quoting Ghana’s first President, Dr. Kwame Nkrumah, PM Modi said, “The forces that unite us are intrinsic and greater than the superimposed influences that keep us apart.” He stressed that the ideals of unity, peace and justice form the foundation of strong and enduring partnerships.

    The PM also noted that the post-World War II global order is changing rapidly, driven by technological revolutions, the rise of the Global South and shifting demographics. He called for credible and effective reforms in global governance, underlining that progress cannot be achieved without giving a stronger voice to emerging nations.

    Highlighting India’s presidency of the G20, PM Modi said the inclusion of the African Union as a permanent member was a step towards ensuring fair representation for Africa and the Global South.

    “Today, India is the fastest-growing emerging economy,” the Prime Minister said, describing the country as a hub for innovation and technology where global companies are keen to invest. He added that a strong India would contribute to a more stable and prosperous world.

    During his speech, PM Modi expressed gratitude to President John Dramani Mahama and the Ghanaian people for the national honour conferred upon him, calling it a symbol of the enduring friendship between the two nations.

    PM Modi praised Ghana’s vibrant parliamentary system and welcomed growing ties between the legislatures of both countries, including the establishment of the Ghana-India Parliamentary Friendship Society.

    Reaffirming India’s resolve to become a developed nation by 2047, the PM assured lawmakers that India would continue to stand “shoulder to shoulder with Ghana in its pursuit of progress and prosperity.”

    The session was convened by Ghana’s Speaker of Parliament, Alban Kingsford Sumana Bagbin, and marked a significant milestone in India-Ghana ties, reflecting shared democratic values and a commitment to deepening bilateral relations.

    July 4, 2025
  • MIL-OSI Africa: Prime Minister addresses the Parliament of Ghana

    Source: APO


    .

    ​Prime Minister Shri Narendra Modi addressed a special session of the Parliament of Ghana today, becoming the first Indian Prime Minister to do so. The session, convened by the Speaker of Parliament, Hon’ble Alban Kingsford Sumana Bagbin, was attended by Members of Parliament, Government officials and distinguished guests from both the nations. The address marked a significant moment in India-Ghana relations, reflecting the mutual respect and shared democratic values that unite the two countries.

    2. ​In his address, Prime Minister highlighted the historical bonds between India and Ghana, forged through shared struggles for independence and a common commitment to democracy and inclusive development. He expressed gratitude to the President of Ghana, H.E. John Dramani Mahama and the Ghanaian people for the National Honour conferred upon him, calling it a symbol of enduring friendship. Drawing on the contributions of the great Ghanaian leader – Dr. Kwame Nkrumah, he emphasized that the ideals of unity, peace, and justice are the foundation of strong and lasting partnerships.

    3.​ Quoting Dr. Nkrumah, who once said – “The forces that unite us are intrinsic and greater than the superimposed influences that keep us apart” and who laid great stress on the long-term impact of building democratic institutions, Prime Minister underscored the importance of nurturing democratic values. Noting that India as a Mother of Democracy had embraced democratic ethos as part of its culture, Prime Minister highlighted the deep and vibrant roots of democracy in India. He pointed to India’s diversity and democratic strength as a testament to the power of unity in diversity, a value echoed in Ghana’s own democratic journey. He also highlighted the pressing global challenges such as climate change, terrorism, pandemics, and cyber threats and called for a collective Global South voice in global governance. In this context, he underlined the inclusion of African Union as a permanent member of G20 during India’s presidency.

    4.​ Prime Minister lauded Ghana’s vibrant parliamentary system and expressed satisfaction at the growing exchanges between the legislatures of both countries. In this context, he welcomed the establishment of the Ghana-India Parliamentary Friendship Society. Expressing the resolve of the people of India to make the country a developed nation by 2047, Prime Minister noted that India would stand shoulder to shoulder with Ghana in its pursuit of progress and prosperity.

    5. ​Full address of Prime Minister may be seen here.

    Distributed by APO Group on behalf of Ministry of External Affairs – Government of India.

    MIL OSI Africa –

    July 4, 2025
  • MIL-OSI Russia: In the first five months of this year, Uzbekistan imported passenger cars worth 325.3 million US dollars

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Tashkent, July 3 (Xinhua) — Uzbekistan imported passenger cars worth 325.3 million US dollars in the first five months of this year, the National Statistics Committee of the Republic of Uzbekistan reported on Wednesday.

    “According to the National Statistics Committee, from January to May 2025, 18,387 passenger cars worth 325.3 million US dollars were imported to Uzbekistan. Of these, 9,789 were electric cars,” the report says.

    It is reported that among the countries that supplied passenger cars to Uzbekistan in the first five months of 2025, China took first place – 15,873 units. Next come the Republic of Korea – 1,882 units and India – 168 units.

    In 2024, Uzbekistan imported passenger cars worth 1.28 billion US dollars. China was the largest source of imported cars for Uzbekistan /61 thousand units/. –0–

    MIL OSI Russia News –

    July 4, 2025
  • MIL-OSI USA: U.S. International Trade in Goods and Services, May 2025

    Source: US Bureau of Economic Analysis

    The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $71.5 billion in May, up $11.3 billion from $60.3 billion in April, revised.

    U.S. International Trade in Goods and Services Deficit
    Deficit:

    $71.5 Billion

    +18.7%°

    Exports:

    $279.0 Billion

    –4.0%°

    Imports:

    $350.5 Billion

    –0.1%°

    Next release: Tuesday, August 5, 2025

    (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes

    Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, July 3, 2025

    Exports, Imports, and Balance (exhibit 1)

    May exports were $279.0 billion, $11.6 billion less than April exports. May imports were $350.5 billion, $0.3 billion less than April imports.

    The May increase in the goods and services deficit reflected an increase in the goods deficit of $11.2 billion to $97.5 billion and a decrease in the services surplus of $0.1 billion to $26.0 billion.

    Year-to-date, the goods and services deficit increased $175.0 billion, or 50.4 percent, from the same period in 2024. Exports increased $73.6 billion or 5.5 percent. Imports increased $248.7 billion or 14.8 percent.

    Three-Month Moving Averages (exhibit 2)

    The average goods and services deficit decreased $16.8 billion to $90.0 billion for the three months ending in May.

    • Average exports increased $0.1 billion to $283.5 billion in May.
    • Average imports decreased $16.7 billion to $373.6 billion in May.

    Year-over-year, the average goods and services deficit increased $18.8 billion from the three months ending in May 2024.

    • Average exports increased $17.9 billion from May 2024.
    • Average imports increased $36.6 billion from May 2024.

    Exports (exhibits 3, 6, and 7)

    Exports of goods decreased $11.4 billion to $180.2 billion in May.

      Exports of goods on a Census basis decreased $10.8 billion.

    • Industrial supplies and materials decreased $10.0 billion.
      • Nonmonetary gold decreased $5.5 billion.
      • Natural gas decreased $1.1 billion.
      • Finished metal shapes decreased $1.0 billion.
    • Capital goods decreased $1.9 billion.
      • Semiconductors decreased $0.6 billion.
      • Civilian aircraft engines decreased $0.5 billion.
      • Telecommunications equipment decreased $0.4 billion.
      • Computer accessories increased $0.8 billion.
    • Consumer goods increased $1.5 billion.
      • Pharmaceutical preparations increased $1.1 billion.

      Net balance of payments adjustments decreased $0.6 billion.

    Exports of services decreased $0.2 billion to $98.8 billion in May.

    • Travel decreased $0.3 billion.
    • Transport decreased $0.2 billion.
    • Charges for the use of intellectual property increased $0.1 billion.
    • Other business services increased $0.1 billion.

    Imports (exhibits 4, 6, and 8)

    Imports of goods decreased $0.2 billion to $277.7 billion in May.

      Imports of goods on a Census basis decreased $0.3 billion.

    • Consumer goods decreased $4.0 billion.
      • Other textile apparel and household goods decreased $0.8 billion.
      • Toys, games, and sporting goods decreased $0.7 billion.
      • Pharmaceutical preparations increased $2.5 billion.
    • Industrial supplies and materials decreased $0.9 billion.
      • Finished metal shapes decreased $1.7 billion.
      • Nuclear fuel materials increased $0.6 billion.
    • Automotive vehicles, parts, and engines increased $3.4 billion.
      • Passenger cars increased $3.1 billion.
    • Other goods increased $1.0 billion.
    • Capital goods increased $0.3 billion.
      • Computers increased $4.4 billion.
      • Computer accessories decreased $2.8 billion.

      Net balance of payments adjustments increased $0.1 billion.

    Imports of services decreased $0.1 billion to $72.8 billion in May.

    • Transport decreased $0.4 billion.
    • Travel decreased $0.2 billion.
    • Other business services increased $0.1 billion.
    • Maintenance and repair services increased $0.1 billion.

    Real Goods in 2017 Dollars – Census Basis (exhibit 11)

    The real goods deficit increased $8.1 billion, or 9.6 percent, to $92.5 billion in May, compared to a 12.3 percent increase in the nominal deficit.

    • Real exports of goods decreased $8.2 billion, or 5.3 percent, to $148.3 billion, compared to a 5.7 percent decrease in nominal exports.
    • Real imports of goods decreased $0.1 billion, or 0.1 percent, to $240.8 billion, compared to a 0.1 percent decrease in nominal imports.

    Revisions

    Revisions to April exports

    • Exports of goods were revised up $1.1 billion.
    • Exports of services were revised up $0.1 billion.

    Revisions to April imports

    • Imports of goods were revised down less than $0.1 billion.
    • Imports of services were revised down $0.2 billion.

    Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)

    The May figures show surpluses, in billions of dollars, with Netherlands ($4.8), Hong Kong ($3.6), South and Central America ($3.3), Switzerland ($3.3), United Kingdom ($3.0), Australia ($1.5), Brazil ($0.5), Saudi Arabia ($0.5), Belgium ($0.4), Singapore ($0.3), and Israel ($0.1). Deficits were recorded, in billions of dollars, with European Union ($22.5), Mexico ($17.1), Vietnam ($14.9), China ($14.0), Ireland ($11.8), Taiwan ($11.5), Germany ($6.8), Japan ($5.8), South Korea ($5.4), India ($5.1), Canada ($2.8), Italy ($2.6), Malaysia ($2.4), and France ($0.5).

    • The deficit with Mexico increased $3.6 billion to $17.1 billion in May. Exports decreased $0.3 billion to $27.5 billion and imports increased $3.3 billion to $44.6 billion.
    • The deficit with Ireland increased $2.4 billion to $11.8 billion in May. Exports increased $0.2 billion to $1.6 billion and imports increased $2.5 billion to $13.4 billion.
    • The deficit with China decreased $5.7 billion to $14.0 billion in May. Exports decreased $1.7 billion to $6.9 billion and imports decreased $7.4 billion to $20.9 billion.

    All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau’s Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA’s website at www.bea.gov/news/schedule.

    Next release: August 5, 2025, at 8:30 a.m. EDT
    U.S. International Trade in Goods and Services, June 2025

    Notice

    Update to BEA’s Annual International Services Tables

    BEA’s annual international services tables—BEA’s most detailed trade in services statistics by service type and geographic area—are scheduled for release at 10:00 a.m. on July 3, 2025, for statistics through 2024. With this release, BEA is introducing “Table 2.4. U.S. Trade in Services, Expanded Geographic Detail,” which presents total services exports, imports, and balance for 237 countries and areas, 147 more than the 90 presented in tables 2.2 and 2.3, beginning with statistics for 2018.

    If you have questions or need additional information, please contact BEA, Balance of Payments Division, at InternationalAccounts@bea.gov.

    MIL OSI USA News –

    July 4, 2025
  • MIL-OSI USA: U.S. International Trade in Goods and Services, May 2025

    Source: US Bureau of Economic Analysis

    The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $71.5 billion in May, up $11.3 billion from $60.3 billion in April, revised.

    U.S. International Trade in Goods and Services Deficit
    Deficit:

    $71.5 Billion

    +18.7%°

    Exports:

    $279.0 Billion

    –4.0%°

    Imports:

    $350.5 Billion

    –0.1%°

    Next release: Tuesday, August 5, 2025

    (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes

    Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, July 3, 2025

    Exports, Imports, and Balance (exhibit 1)

    May exports were $279.0 billion, $11.6 billion less than April exports. May imports were $350.5 billion, $0.3 billion less than April imports.

    The May increase in the goods and services deficit reflected an increase in the goods deficit of $11.2 billion to $97.5 billion and a decrease in the services surplus of $0.1 billion to $26.0 billion.

    Year-to-date, the goods and services deficit increased $175.0 billion, or 50.4 percent, from the same period in 2024. Exports increased $73.6 billion or 5.5 percent. Imports increased $248.7 billion or 14.8 percent.

    Three-Month Moving Averages (exhibit 2)

    The average goods and services deficit decreased $16.8 billion to $90.0 billion for the three months ending in May.

    • Average exports increased $0.1 billion to $283.5 billion in May.
    • Average imports decreased $16.7 billion to $373.6 billion in May.

    Year-over-year, the average goods and services deficit increased $18.8 billion from the three months ending in May 2024.

    • Average exports increased $17.9 billion from May 2024.
    • Average imports increased $36.6 billion from May 2024.

    Exports (exhibits 3, 6, and 7)

    Exports of goods decreased $11.4 billion to $180.2 billion in May.

      Exports of goods on a Census basis decreased $10.8 billion.

    • Industrial supplies and materials decreased $10.0 billion.
      • Nonmonetary gold decreased $5.5 billion.
      • Natural gas decreased $1.1 billion.
      • Finished metal shapes decreased $1.0 billion.
    • Capital goods decreased $1.9 billion.
      • Semiconductors decreased $0.6 billion.
      • Civilian aircraft engines decreased $0.5 billion.
      • Telecommunications equipment decreased $0.4 billion.
      • Computer accessories increased $0.8 billion.
    • Consumer goods increased $1.5 billion.
      • Pharmaceutical preparations increased $1.1 billion.

      Net balance of payments adjustments decreased $0.6 billion.

    Exports of services decreased $0.2 billion to $98.8 billion in May.

    • Travel decreased $0.3 billion.
    • Transport decreased $0.2 billion.
    • Charges for the use of intellectual property increased $0.1 billion.
    • Other business services increased $0.1 billion.

    Imports (exhibits 4, 6, and 8)

    Imports of goods decreased $0.2 billion to $277.7 billion in May.

      Imports of goods on a Census basis decreased $0.3 billion.

    • Consumer goods decreased $4.0 billion.
      • Other textile apparel and household goods decreased $0.8 billion.
      • Toys, games, and sporting goods decreased $0.7 billion.
      • Pharmaceutical preparations increased $2.5 billion.
    • Industrial supplies and materials decreased $0.9 billion.
      • Finished metal shapes decreased $1.7 billion.
      • Nuclear fuel materials increased $0.6 billion.
    • Automotive vehicles, parts, and engines increased $3.4 billion.
      • Passenger cars increased $3.1 billion.
    • Other goods increased $1.0 billion.
    • Capital goods increased $0.3 billion.
      • Computers increased $4.4 billion.
      • Computer accessories decreased $2.8 billion.

      Net balance of payments adjustments increased $0.1 billion.

    Imports of services decreased $0.1 billion to $72.8 billion in May.

    • Transport decreased $0.4 billion.
    • Travel decreased $0.2 billion.
    • Other business services increased $0.1 billion.
    • Maintenance and repair services increased $0.1 billion.

    Real Goods in 2017 Dollars – Census Basis (exhibit 11)

    The real goods deficit increased $8.1 billion, or 9.6 percent, to $92.5 billion in May, compared to a 12.3 percent increase in the nominal deficit.

    • Real exports of goods decreased $8.2 billion, or 5.3 percent, to $148.3 billion, compared to a 5.7 percent decrease in nominal exports.
    • Real imports of goods decreased $0.1 billion, or 0.1 percent, to $240.8 billion, compared to a 0.1 percent decrease in nominal imports.

    Revisions

    Revisions to April exports

    • Exports of goods were revised up $1.1 billion.
    • Exports of services were revised up $0.1 billion.

    Revisions to April imports

    • Imports of goods were revised down less than $0.1 billion.
    • Imports of services were revised down $0.2 billion.

    Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)

    The May figures show surpluses, in billions of dollars, with Netherlands ($4.8), Hong Kong ($3.6), South and Central America ($3.3), Switzerland ($3.3), United Kingdom ($3.0), Australia ($1.5), Brazil ($0.5), Saudi Arabia ($0.5), Belgium ($0.4), Singapore ($0.3), and Israel ($0.1). Deficits were recorded, in billions of dollars, with European Union ($22.5), Mexico ($17.1), Vietnam ($14.9), China ($14.0), Ireland ($11.8), Taiwan ($11.5), Germany ($6.8), Japan ($5.8), South Korea ($5.4), India ($5.1), Canada ($2.8), Italy ($2.6), Malaysia ($2.4), and France ($0.5).

    • The deficit with Mexico increased $3.6 billion to $17.1 billion in May. Exports decreased $0.3 billion to $27.5 billion and imports increased $3.3 billion to $44.6 billion.
    • The deficit with Ireland increased $2.4 billion to $11.8 billion in May. Exports increased $0.2 billion to $1.6 billion and imports increased $2.5 billion to $13.4 billion.
    • The deficit with China decreased $5.7 billion to $14.0 billion in May. Exports decreased $1.7 billion to $6.9 billion and imports decreased $7.4 billion to $20.9 billion.

    All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau’s Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA’s website at www.bea.gov/news/schedule.

    Next release: August 5, 2025, at 8:30 a.m. EDT
    U.S. International Trade in Goods and Services, June 2025

    Notice

    Update to BEA’s Annual International Services Tables

    BEA’s annual international services tables—BEA’s most detailed trade in services statistics by service type and geographic area—are scheduled for release at 10:00 a.m. on July 3, 2025, for statistics through 2024. With this release, BEA is introducing “Table 2.4. U.S. Trade in Services, Expanded Geographic Detail,” which presents total services exports, imports, and balance for 237 countries and areas, 147 more than the 90 presented in tables 2.2 and 2.3, beginning with statistics for 2018.

    If you have questions or need additional information, please contact BEA, Balance of Payments Division, at InternationalAccounts@bea.gov.

    MIL OSI USA News –

    July 4, 2025
  • MIL-OSI USA: U.S. International Trade in Goods and Services, May 2025

    Source: US Bureau of Economic Analysis

    The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $71.5 billion in May, up $11.3 billion from $60.3 billion in April, revised.

    U.S. International Trade in Goods and Services Deficit
    Deficit:

    $71.5 Billion

    +18.7%°

    Exports:

    $279.0 Billion

    –4.0%°

    Imports:

    $350.5 Billion

    –0.1%°

    Next release: Tuesday, August 5, 2025

    (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes

    Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, July 3, 2025

    Exports, Imports, and Balance (exhibit 1)

    May exports were $279.0 billion, $11.6 billion less than April exports. May imports were $350.5 billion, $0.3 billion less than April imports.

    The May increase in the goods and services deficit reflected an increase in the goods deficit of $11.2 billion to $97.5 billion and a decrease in the services surplus of $0.1 billion to $26.0 billion.

    Year-to-date, the goods and services deficit increased $175.0 billion, or 50.4 percent, from the same period in 2024. Exports increased $73.6 billion or 5.5 percent. Imports increased $248.7 billion or 14.8 percent.

    Three-Month Moving Averages (exhibit 2)

    The average goods and services deficit decreased $16.8 billion to $90.0 billion for the three months ending in May.

    • Average exports increased $0.1 billion to $283.5 billion in May.
    • Average imports decreased $16.7 billion to $373.6 billion in May.

    Year-over-year, the average goods and services deficit increased $18.8 billion from the three months ending in May 2024.

    • Average exports increased $17.9 billion from May 2024.
    • Average imports increased $36.6 billion from May 2024.

    Exports (exhibits 3, 6, and 7)

    Exports of goods decreased $11.4 billion to $180.2 billion in May.

      Exports of goods on a Census basis decreased $10.8 billion.

    • Industrial supplies and materials decreased $10.0 billion.
      • Nonmonetary gold decreased $5.5 billion.
      • Natural gas decreased $1.1 billion.
      • Finished metal shapes decreased $1.0 billion.
    • Capital goods decreased $1.9 billion.
      • Semiconductors decreased $0.6 billion.
      • Civilian aircraft engines decreased $0.5 billion.
      • Telecommunications equipment decreased $0.4 billion.
      • Computer accessories increased $0.8 billion.
    • Consumer goods increased $1.5 billion.
      • Pharmaceutical preparations increased $1.1 billion.

      Net balance of payments adjustments decreased $0.6 billion.

    Exports of services decreased $0.2 billion to $98.8 billion in May.

    • Travel decreased $0.3 billion.
    • Transport decreased $0.2 billion.
    • Charges for the use of intellectual property increased $0.1 billion.
    • Other business services increased $0.1 billion.

    Imports (exhibits 4, 6, and 8)

    Imports of goods decreased $0.2 billion to $277.7 billion in May.

      Imports of goods on a Census basis decreased $0.3 billion.

    • Consumer goods decreased $4.0 billion.
      • Other textile apparel and household goods decreased $0.8 billion.
      • Toys, games, and sporting goods decreased $0.7 billion.
      • Pharmaceutical preparations increased $2.5 billion.
    • Industrial supplies and materials decreased $0.9 billion.
      • Finished metal shapes decreased $1.7 billion.
      • Nuclear fuel materials increased $0.6 billion.
    • Automotive vehicles, parts, and engines increased $3.4 billion.
      • Passenger cars increased $3.1 billion.
    • Other goods increased $1.0 billion.
    • Capital goods increased $0.3 billion.
      • Computers increased $4.4 billion.
      • Computer accessories decreased $2.8 billion.

      Net balance of payments adjustments increased $0.1 billion.

    Imports of services decreased $0.1 billion to $72.8 billion in May.

    • Transport decreased $0.4 billion.
    • Travel decreased $0.2 billion.
    • Other business services increased $0.1 billion.
    • Maintenance and repair services increased $0.1 billion.

    Real Goods in 2017 Dollars – Census Basis (exhibit 11)

    The real goods deficit increased $8.1 billion, or 9.6 percent, to $92.5 billion in May, compared to a 12.3 percent increase in the nominal deficit.

    • Real exports of goods decreased $8.2 billion, or 5.3 percent, to $148.3 billion, compared to a 5.7 percent decrease in nominal exports.
    • Real imports of goods decreased $0.1 billion, or 0.1 percent, to $240.8 billion, compared to a 0.1 percent decrease in nominal imports.

    Revisions

    Revisions to April exports

    • Exports of goods were revised up $1.1 billion.
    • Exports of services were revised up $0.1 billion.

    Revisions to April imports

    • Imports of goods were revised down less than $0.1 billion.
    • Imports of services were revised down $0.2 billion.

    Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)

    The May figures show surpluses, in billions of dollars, with Netherlands ($4.8), Hong Kong ($3.6), South and Central America ($3.3), Switzerland ($3.3), United Kingdom ($3.0), Australia ($1.5), Brazil ($0.5), Saudi Arabia ($0.5), Belgium ($0.4), Singapore ($0.3), and Israel ($0.1). Deficits were recorded, in billions of dollars, with European Union ($22.5), Mexico ($17.1), Vietnam ($14.9), China ($14.0), Ireland ($11.8), Taiwan ($11.5), Germany ($6.8), Japan ($5.8), South Korea ($5.4), India ($5.1), Canada ($2.8), Italy ($2.6), Malaysia ($2.4), and France ($0.5).

    • The deficit with Mexico increased $3.6 billion to $17.1 billion in May. Exports decreased $0.3 billion to $27.5 billion and imports increased $3.3 billion to $44.6 billion.
    • The deficit with Ireland increased $2.4 billion to $11.8 billion in May. Exports increased $0.2 billion to $1.6 billion and imports increased $2.5 billion to $13.4 billion.
    • The deficit with China decreased $5.7 billion to $14.0 billion in May. Exports decreased $1.7 billion to $6.9 billion and imports decreased $7.4 billion to $20.9 billion.

    All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau’s Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA’s website at www.bea.gov/news/schedule.

    Next release: August 5, 2025, at 8:30 a.m. EDT
    U.S. International Trade in Goods and Services, June 2025

    Notice

    Update to BEA’s Annual International Services Tables

    BEA’s annual international services tables—BEA’s most detailed trade in services statistics by service type and geographic area—are scheduled for release at 10:00 a.m. on July 3, 2025, for statistics through 2024. With this release, BEA is introducing “Table 2.4. U.S. Trade in Services, Expanded Geographic Detail,” which presents total services exports, imports, and balance for 237 countries and areas, 147 more than the 90 presented in tables 2.2 and 2.3, beginning with statistics for 2018.

    If you have questions or need additional information, please contact BEA, Balance of Payments Division, at InternationalAccounts@bea.gov.

    MIL OSI USA News –

    July 4, 2025
  • MIL-OSI: American Rebel Light Beer Congratulates John Hall on Triumphant NHRA Victory in Ohio

    Source: GlobeNewswire (MIL-OSI)

    Hall Scores First Pro Stock Motorcycle Win in Nearly 12 Years

    Nashville, TN, July 03, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB), the unapologetically patriotic lifestyle brand behind America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer (americanrebelbeer.com), proudly congratulates John Hall on his exhilarating Pro Stock Motorcycle win on his American Rebel Buell at the 19th annual Summit Racing Equipment NHRA Nationals in Norwalk, Ohio.

    Hall’s return to the winner’s circle after nearly 12 long years was nothing short of legendary. Piloting the American Rebel Motorcycle and burning red, white, and blue down the track, he gave fans across the nation a reason to cheer – and another reason to crack open an ice-cold American Rebel Light Beer in celebration.

    “It’s special because you never know if you’re going to get another one. I won twice in 2013, including the U.S. Nationals,” said John Hall. “You know, 12 years goes by and you just realize how hard it is to get one of these.”

    John got the job done in the finals on Sunday in Norwalk, chasing down Richard Gadson with a run of 6.880 at 196.67 mph. Gadson left first with a standout .021 reaction time, but Hall had enough power to slip by at the finish line, recording his first victory since the U.S. Nationals at Indianapolis in 2013.

    “As we head into the Fourth of July weekend, John’s victory couldn’t have come at a more perfect time,” said Andy Ross, CEO of American Rebel. “He represents the heart of our brand – not just in victory lane, but also through his dedication to distribution in Connecticut at Dichello Distributors (dichello.com). We’re proud to be the primary sponsor of John’s motorcycle this season. He’s a key member of our extended family, and we’re proud to celebrate his success alongside America’s birthday.”

    John Hall is President of Dichello Distributors, the distributor for American Rebel Light for 4 counties in Connecticut. Dichello was one of the early distributors to sign a distribution agreement with American Rebel Light (“Rebel Light”) and Dichello’s Connecticut territory is the top per capita sales territory for Rebel Light.

    From Nashville to Norwalk and beyond, the American Rebel lifestyle roars loudest when freedom meets fuel, and John Hall’s win embodies that spirit with full throttle glory. This holiday weekend, raise your glass, wave your flag, and salute a true champion.

    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 and Virginia and is adding new distributors and territories regularly. 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.

    For more information, visit americanrebelbeer.com.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebelbeer.com. For investor information, visit americanrebel.com/investor-relations.

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

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

    American Rebel Holdings, Inc.
    info@americanrebel.com
    ir@americanrebel.com

    American Rebel Beverages, LLC
    Todd Porter, President
    tporter@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

    • American Rebel Holdings, Inc

    The MIL Network –

    July 4, 2025
  • MIL-OSI Economics: RBI imposes monetary penalty on Shree Chhani Nagarik Sahakari Bank Limited, Vadodara, Gujarat

    Source: Reserve Bank of India

    The Reserve Bank of India (RBl) has, by an order dated June 30, 2025, imposed a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on Shree Chhani Nagarik Sahakari Bank Limited, Vadodara, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’, ‘Customer Protection – Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions’, ‘Basic Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs)’ and ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) – A Graded Approach’. 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, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:

    The bank had failed to:

    1. carry out periodic review of risk categorisation of certain accounts at least once in six months;

    2. provide customers with 24×7 access to report unauthorized electronic banking transactions through multiple channels; and

    3. implement certain cyber security controls prescribed by RBI under the Cyber Security Framework.

    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: 2025-2026/646

    MIL OSI Economics –

    July 4, 2025
  • MIL-OSI Economics: RBI imposes monetary penalty on Shree Chhani Nagarik Sahakari Bank Limited, Vadodara, Gujarat

    Source: Reserve Bank of India

    The Reserve Bank of India (RBl) has, by an order dated June 30, 2025, imposed a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on Shree Chhani Nagarik Sahakari Bank Limited, Vadodara, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’, ‘Customer Protection – Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions’, ‘Basic Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs)’ and ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) – A Graded Approach’. 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, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:

    The bank had failed to:

    1. carry out periodic review of risk categorisation of certain accounts at least once in six months;

    2. provide customers with 24×7 access to report unauthorized electronic banking transactions through multiple channels; and

    3. implement certain cyber security controls prescribed by RBI under the Cyber Security Framework.

    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: 2025-2026/646

    MIL OSI Economics –

    July 4, 2025
  • MIL-OSI Economics: RBI imposes monetary penalty on Shree Chhani Nagarik Sahakari Bank Limited, Vadodara, Gujarat

    Source: Reserve Bank of India

    The Reserve Bank of India (RBl) has, by an order dated June 30, 2025, imposed a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on Shree Chhani Nagarik Sahakari Bank Limited, Vadodara, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’, ‘Customer Protection – Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions’, ‘Basic Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs)’ and ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) – A Graded Approach’. 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, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:

    The bank had failed to:

    1. carry out periodic review of risk categorisation of certain accounts at least once in six months;

    2. provide customers with 24×7 access to report unauthorized electronic banking transactions through multiple channels; and

    3. implement certain cyber security controls prescribed by RBI under the Cyber Security Framework.

    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: 2025-2026/646

    MIL OSI Economics –

    July 4, 2025
  • MIL-OSI Economics: RBI imposes monetary penalty on Shree Chhani Nagarik Sahakari Bank Limited, Vadodara, Gujarat

    Source: Reserve Bank of India

    The Reserve Bank of India (RBl) has, by an order dated June 30, 2025, imposed a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on Shree Chhani Nagarik Sahakari Bank Limited, Vadodara, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’, ‘Customer Protection – Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions’, ‘Basic Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs)’ and ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) – A Graded Approach’. 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, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:

    The bank had failed to:

    1. carry out periodic review of risk categorisation of certain accounts at least once in six months;

    2. provide customers with 24×7 access to report unauthorized electronic banking transactions through multiple channels; and

    3. implement certain cyber security controls prescribed by RBI under the Cyber Security Framework.

    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: 2025-2026/646

    MIL OSI Economics –

    July 4, 2025
  • MIL-OSI Economics: RBI imposes monetary penalty on District Central Co-operative Bank Ltd., Durg, Chhattisgarh

    Source: Reserve Bank of India

    The Reserve Bank of India (RBl) has, by an order dated June 30, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on District Central Co-operative Bank Ltd., Durg, Chhattisgarh (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. 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 National Bank for Agriculture and Rural Development (NABARD), 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:

    i) (a) did not upload the KYC records of certain customers onto Central KYC Records Registry (CKYCR) within the prescribed timeline,

    (b) did not carry out periodic updation of KYC of certain customers as per the prescribed periodicity; and

    ii) allotted multiple customer identification codes to certain individual customers, instead of a Unique Customer Identification Code (UCIC) for each individual customer.

    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: 2025-2026/647

    MIL OSI Economics –

    July 4, 2025
  • MIL-OSI United Kingdom: Martyn Oliver’s speech at the Festival of Education

    Source: United Kingdom – Executive Government & Departments

    Speech

    Martyn Oliver’s speech at the Festival of Education

    Sir Martyn Oliver, Ofsted’s Chief Inspector, spoke at the 2025 Festival of Education.

    Optimism, inclusion and Ian Dury

    Good morning, everybody. I’m delighted to be here at the festival of education; to be here in the beautiful grounds of Wellington school; here in the sunshine.

    And that’s apt because I’m hoping in the time we have together this morning we can let a little sunshine in. We can talk a bit about optimism. I want us to think about why we do what we do as educators, as people who work in this field: in many cases, as people who have dedicated their working lives to improving the life chances and prospects of a younger generation.

    I thought I’d open my speech this morning with a cliché. And I thought I’d try and find out who coined that cliché and how far back it goes. But there is no clarity about who first said, ‘school days are the best days of your life’. So, as we all do, I asked AI for the answer – and I know a lot of the discussions over the next couple of days are going to be dominated by the march of AI.

    The AI summary told me that ‘the phrase doesn’t have a clear single origin or a specific person who first said it’. It went on: “one early reference comes from a 1910 song titled School Days by Will D. Cobb and Gus Edwards which includes the line school days, school days, dear old golden rule days. While not an exact match it captures the nostalgic view of school days as a cherished time.”

    So, no answer then.

    Like all cliches, this one has survived because it works – because it’s true, at least for many of us (though not all, and I’ll return to this later). It alludes to the idea of a more carefree time, of friendships built in the playground, of growing confidence, moments of satisfaction, of joy – reasons to be cheerful to quote Ian Dury. That’s why we say it.

    I’m starting with that cliché because I want to strike an optimistic note this morning – which is not always a natural position for people in our profession to adopt. Things are always tough in education; there are always challenges to overcome. There are new expectations put on all of us – and it’s not lost on me that you’re waiting to read about Ofsted’s revised inspection model in September. There’s never enough money to go around. Doing ‘more with less’ is another cliché – as old as it is tiresome – but still a reality that we need to accommodate.

    But even so, I still believe there are plenty of reasons to be cheerful and reasons to be optimistic. And those reasons are rooted in schools. These transformative institutions that have shaped lives for centuries and will, I hope, shape them for centuries to come.

    However hard bitten and cynical we may have become over the years, most of us can look back to our school days and agree that they were, at least some of the happiest days of our lives.

    Schooling shapes lives

    I want to talk a little bit about what school meant for me.

    I’ll do my best to do this without the aid of rose-tinted spectacles. I shan’t be skipping through the daisies of my mind as it were. There’s a lot that wasn’t great about my school days. The quality of teaching and the quality of the curriculum I was taught was not good enough – and I think that was something that an awful lot of schools in the 1970s and 80s had in common. Standards were not high, and aspiration was not always encouraged.

    But, as with many of us, I had stand-out, individual teachers – people who I really connected with and who helped shape my life. People like my art teacher, Mrs Scarsbrick – she had a wonderful skill for painting and drawing landscapes. I remember that watercolour paintings of trees was her particular talent, whilst I was already increasingly focusing on portraiture, which I later went on to study.

    Then Mr Senior, the English teacher who inspired me from the first lesson at the beginning of secondary school. That very first lesson in September started with a brand new, hardback book: Steinbeck’s Of Mice and Men. We spent the first 10 minutes being instructed on how to loosen the binding and prevent cracking the spine. I also remember being devastated when he took a secondment to the USA when I was in Year 4/5 (Year 10/11 now): I took GCSEs in their first year of use and can recall even now that some teachers were totally lost in the new specification – so losing my trusted English tutor at this crucial time was especially difficult.

    And there was Mr Ashton, the PE teacher who arranged for me to go training 3 lunchtimes a week – running the well-known, and often well-hated, cross-country course with his staff, as I was a budding cross-country runner. 

    Each of these experiences recall relationships. Relationships with teachers – teachers who went above and beyond, teachers who I placed trust in and who I knew had my best interests at heart. They didn’t just inspire in art, English and PE, they inspired my interest in education, in teaching itself.

    And school had another function for me. It was the place I built friendships.

    I was extremely ill from the age of 2 to 12 (the crucial years to get the best start in life) and whilst my school attendance was good, the powerful drug I was on had clear side effects for me which affected my concentration. The drug relied on sedation – ideal in helping me be well, but not at all good for educational purposes! 

    I undoubtedly would have had an EHCP had such things existed then. Instead, I had a few stand-out teachers who cared for me as an individual and I had an army of excellent friends. The benefit of living on a new housing estate meant that many families moved onto the estate at the same time and I had dozens of peers who lived on the same street, let alone the same estate, who I could rely upon to help me.

    Generational shifts

    A lot has changed over the years in our schools. The quality of education has most definitely changed for the better. There are lots of reasons for that – including better training and development for teachers – the greater professionalisation of the sector in general. And you would expect me to make an argument that the introduction of Ofsted 30-odd years ago had a real impact in improving consistency in education and driving improvements.

    But alongside rising standards, schools have also changed to fit the needs and expectations of each generation. They’ve evolved alongside society. They have adapted to new qualifications, crafted new curriculums, embraced new subjects. Perhaps more than anything else, schools have responded to the advance of new technology.

    In my school days technology in the classroom was generally limited to that moment when the teacher would wheel out the big telly to play us a video – hugely exciting at the time of course. (The debate then was Betamax or VHS, what’s the equivalent debate now? Is it perhaps, generative or predictive AI?)

    But as computers made their way into schools, there was a more profound change. And that became seismic when the computers were no longer confined to the corners of classrooms and moved into our pockets. Their influence is everywhere and drives the debates and disagreements over the place of technology in learning.

    Artificial intelligence

    Right now, that debate is focused on artificial intelligence. It dominates the discourse in the media, and at events like this one. It’s a big topic of conversation at Ofsted and within government more widely.

    We’ve recently published a piece of research commissioned by the DfE which looks at early AI adopters in education. The research found that AI is beginning to have real benefits in terms of staff workload – particularly in areas like lesson planning; and that leaders are clear that they are prioritising safe, ethical and responsible uses of AI. So no robot teachers yet!

    It seems that there is always a commentator keen to tell us how AI will either transform learning or destroy it; how it presents an existential challenge to the traditional approach to education that we’ve all grown up with.

    But I would mount a defence of the traditional approach. Right now, many children live much of their lives online. Socially, they are never ‘off’ and always in touch with their friends. And they increasingly receive life lessons from influencers or AI– generated summaries. I would argue that the place of learning, real learning, classroom learning – with human interactions – has never been more important.

    Young people are growing up in an increasingly curated world in which their favoured influencers or corporate algorithms can have a disproportionate impression on their views and opinions. It’s more important than ever that young people are able to lift their eyes from the screen and connect with their teachers, in person.

    They need broad, balanced, considered and above all challenging information to help them learn and to help them grow. Being an art teacher, it was never lost on me that drawing makes you look harder at the world around you, it greatly increases your attention. It seems to me that many technologies now do the exact opposite and actively seek to give short-term, instant gratification.

    Not far short of 4 hundred years ago, John Milton wrote that he couldn’t ‘praise a cloistered and fugitive virtue, unexercised and unbreathed, that never sallies out and sees her adversary.’ He was arguing in favour of freedom of speech – ironically one of the great supposed touchstones for today’s keyboard warriors. Except, of course, they generally mean freedom of speech only for those that agree with them. In fact, in Areopagitica, Milton highlights the idea that true virtue is developed through experience and engagement with challenges, not through avoidance or seclusion.

    In a way there’s something cloistered about living one’s life in a curated online environment. You may be able to find ‘the best that has been thought or said’ if you go looking for it. But who’s guiding you through it? Where’s the human connection? And of course, where’s the protection?

    Community, relationships and learning

    Schools have never just been places of learning. They were, and are places of safety, even refuge. Places of community and connection. Places of friendship and humanity. They are citadels of childhood: communities within communities looking after their own and helping children develop into well-rounded adults – capable of looking after others in turn.

    Human relationships lie at the heart of every school’s success. And I’ve said ‘schools’ today, as they are the great universal service. But of course, those relationships begin for many in nurseries and continue on into further or higher education. Human connection is what makes education tick. And that is particularly true for more vulnerable children – those who need a little more attention paid to their wellbeing, alongside their education.

    Of course, schools have statutory roles to play. Safeguarding is an absolutely fundamental part of what we look at on inspection. Its principles are described over nearly 200 pages of guidance in Keeping Children Safe in Education. Safeguarding is something that all of us involved in education prioritise perhaps above everything else – and it’s a human process, not paperwork. People working together to safeguard children. Nothing infuriates me more than glib commentary about schools falling short on inspection because of duff paperwork – or schools pulling the wool over inspectors’ eyes because their paperwork is on point.

    Any of us here who have worked in schools understand that safeguarding starts with relationships. Good teachers, good head teachers know their pupils. They know which children are having a tough time in their life. They know which children are experiencing vulnerability for one reason or another. Perhaps it’s part of their life story – they are a child in care, or a child with special educational needs, or a child growing up in poverty. But really great teachers understand too that children will experience short-term difficulties – because childhood is full of challenges. Well-being issues, mental health issues, family issues, financial issues. It’s the ebb and flow of growing up for so many children and the really great schools get that.

    When I was head teacher of a secondary school with 2,200 pupils, those personal relationships were clearly difficult, but I always made it my priority to support those who needed us most, no matter how busy I might be – and that always involved working with parents and carers, as well as the pupil. I also understood, from my own personal experience, that children form relationships with those they trust – their art, English or PE teacher, in my case.

    Schools provide a safe, protective environment. To continue with my ‘citadels of childhood’ metaphor: they have walls, and they have watchers on those walls. But it’s within the walls where lives are changed. Where sparks of interest are fanned into flames and children can discover talents, they weren’t aware of, and passions that take them by surprise. They are taught the knowledge and skills that they need for life – but also the subjects that bring them joy.

    Cynics sometimes decry the norms of education. Exams are ‘gradgrindian’ in their eyes, the 3 R’s are no longer preparing children for the ‘jobs of tomorrow’. And Ofsted are accused of being enforcers for this ‘out-of-date’, ‘joyless’ system – forcing schools to jump through these hoops.

    Well let me tell you how it looks from where I’m standing. For Ofsted, teaching a full, rich range of subjects isn’t just a nice to have, it’s fundamental to a great education. Music and art and sports aren’t add-ons to the core curriculum, they are some of the most important subjects to study, in terms of developing a child’s awareness of the world around them. And in a more macro sense, feeding into the cultural evolution of our country and pushing civilization on.

    It often surprises people when I say that I started out as an art teacher, in 1995. Art was my passion then and it’s still my passion now. When I have the time I love to paint. I find that it forces me to slow down and deeply observe the world around me. But I too feel that temptation to pick up my smartphone and check my emails far too often, breaking the observational trance-like state. I can only imagine how difficult and tempting this is for children.

    Opening doors

    Of course, learning about art means learning about perspective.

    That’s a good thing in the context of mental health and well-being – such hot topics, sadly, at the moment. But if you think about the influence of art on human history – its central role in the Renaissance, or the influence of perspective on the Age of Discovery – art has been a driver of exploration, of invention and pushing back the frontiers of human knowledge.

    It is also no surprise to an art historian that there is expression in breaking the established rules – that’s the essence of original creativity. So 500 years after the rules of perspective were established, the Cubists proved this point. Life evolves as we move with the times. Another favourite quote of mine is from Lampedusa’s, Il Gattopardo, “if we want things to stay as they are, things will have to change”. It’s quite a common refrain that children should be taught ‘creativity’ – but creativity relies upon a deep understanding of knowledge and facts; it comes from pushing at the limits of knowledge, and first you need to be taught where those limits are.

    Every subject we teach our children opens doors for them. So, the rounded classroom experience: a broad and rich curriculum, structured carefully by expert teachers and taught within a safe and welcoming environment, is fundamental to the intellectual growth of individuals and the development of society. Matthew Arnold’s quote still holds. ‘The best that has been thought and said’ still matters. And while an AI-enabled search engine can find the raw material, I wouldn’t want to entrust the teaching to the same machine – at least not without the art and skill of the teacher as a guide and storyteller.

    The classroom experience is based on human relationships and a sense of belonging. I spoke about the first priority for schools being the safety of children. Well, children feel safe when they know somebody cares. When they know that their teachers will show up and keep showing up day after day to make sure they’ve learned what they were taught yesterday and are ready to learn something new today. We can’t outsource human contact. Teachers are, and must always remain, the heart of education.

    And education is an exercise of the heart as much as it is of the head. It’s about support and care, as well as instruction. They go hand in hand. Which brings me on to inclusion.

    Inclusion

    As you’ll all be aware Ofsted will publish the full details of our revised education inspection framework in early September. We’re taking time to analyse and consider all of the feedback we were given in the public consultation this spring. There will be some changes from the proposals we published back in February. But I don’t think I’m jumping the gun to say that inclusion will remain a central tenet – perhaps the central tenet in our new approach.

    And I hope the reason for that is obvious. It’s my north star. Inclusion is both my guiding principle and the fire in my belly. That was true as a teacher, as a head of sixth form, as a head teacher, as a multi-academy trust leader. It’s true now for me as His Majesty’s Chief Inspector.

    Those of you who have spent far more time than is healthy listening to or reading about the things that I’ve said since taking on the job, will have heard me talk about vulnerable and disadvantaged children. Asserting repeatedly that if schools get it right for the most vulnerable and disadvantaged among their pupils, they will get it right for all of their pupils.

    I use that phrase time and time again because I happen to believe that it’s true. And I have been challenged on my assertion now and then. But I have never seen or heard of a school that looks after the interests of disadvantaged and vulnerable children perfectly well but lets down those pupils who aren’t grappling with some of life’s more obvious challenges.

    That’s because those schools get it. They know their children and they understand that the secret of success lies in the relationships that bind the school community together.

    A school that truly understands the needs of its pupils will do right by its most vulnerable children, by its most gifted students and by all those children in-between.

    As always when we at Ofsted talk about a concept – like inclusion – it sparks debate and it energises the commentators and consultants to try and unpick what we mean.

    It’s really about relationships. It’s about belonging and thriving. It doesn’t mean being soft on behaviour or attendance. It doesn’t mean taking a dim view of head teachers who find the need to suspend or exclude a child, either in the pupil’s best interests or the interests of their classmates.

    When we talk about schools as places where children can feel safe, to grow, develop and express themselves we mustn’t forget how stabilising it is to understand the rules and to know they will be applied consistently and fairly. In the words of that 1910 song again: “School days – dear old golden rule days.”

    No – inclusion is about making sure that all pupils feel that they belong – no matter their personal talents or aptitudes, or the barriers and obstacles they need to overcome to feel that sense of belonging.

    And it is about putting disadvantaged and vulnerable children at the heart of what you do – as they will be at the heart of what we do as an inspectorate.

    And just as the term ‘inclusion’ can be a little hard to pin down, it’s also not easy to define what we mean by vulnerable. I think we all instinctively have a better understanding of disadvantage. There are clearer definitions. I’m sure everybody here who works in a school will be aware of how many of their children attract pupil premium for example. I’m sure many of you could reel off names.

    The concept of vulnerability is a little looser. Statutory responsibilities point us to formal designations: children with SEND, children who are looked after by the state. It’s absolutely right that we all maintain a laser-like focus on those children. But what about others who are experiencing vulnerability?

    I recently met with groups of young carers. Listening to their experiences and perspectives was both interesting and humbling. They feel a bit forgotten. All too often they are not included in our headline definitions of vulnerable children. And yet they are vulnerable. They don’t have the care structures that so many of us took for granted during our own childhoods. Instead, they themselves are the care structures for the adults in their lives. That has a huge impact on the way they view themselves, the way they view their potential and the way they think about their future.

    This week we published a piece of work that we commissioned from the National Children’s Bureau. We asked the NCB to consider how we might better define vulnerability in the context of our work.

    Their report is entitled ‘from trait to state’ and the definition of vulnerability that it puts forward leans into the idea that children move into and out of various degrees of vulnerability throughout their childhood.

    This describes vulnerability less as an immutable trait and more of a fluid state. It’s an interesting, and a logical concept, speaking to the importance of relationships that I’ve addressed in my comments today. Of course, it doesn’t detract from the responsibility that we all have to the children with SEND, those in care and children supported through pupil premium funding.

    But I think this definition gives us more latitude to think about how life impacts on the well-being of children in different ways, at different times. And how we best address vulnerability within the safe and nurturing communities that we create.

    I remember a particularly vulnerable cohort of SEND students who my SENDCO was desperately worried about leaving school at 16. So, she worked with their families and offered a uniquely bespoke post-16 course which gave this group the time and support that they needed to prepare for the transition to further education and employment. My wonderful SENDCO knew the children and worked to influence the entire school’s post-16 provision to meet their needs…it wasn’t a case of insisting that those children meet the needs of the school!

    Aspiration and optimism

    Education should be aspirational. And it should be aspirational for every child. Not everyone can ace their exams and get into Oxbridge. Not everyone will want to. Not everyone will turn a passion for music into a career as a concert pianist. But everyone can aim to learn a little more, develop a new skill and improve themselves one step at a time.

    That is as true for children with SEND as it is for those without; it’s as true for the poorest children as it is for the wealthiest. That’s not to deny the existence of barriers, but rather to flag a determination to overcome them.

    And if we are aspirational for all children, it stands to reason that we should be aspirational for all schools. I nodded earlier to the influence of Ofsted over the last 3 decades. I do believe that inspection helps schools look at where and how they can improve. It doesn’t make the improvement happen – that’s down to brilliant teachers and brilliant leaders working within their school community. But done right inspection can provide some pointers in the right direction.

    I’ve repeatedly said that I want inspection to feel done with not done to. That’s not just a nice touchy-feely sentiment. I want inspection to mirror what goes on in the places we inspect. Education at its best is done with, not done to. The best schools – the citadels of childhood – are places of belonging, rooted in human relationships and a sense of shared endeavour. They are optimistic places.

    Optimism isn’t easy. Particularly at our age…and especially if we read the papers!

    But children are optimistic. It’s a natural state of mind when you’re young, with your life stretching ahead of you, enjoying the best years of your life.

    It’s so much easier to be pessimistic and cynical as you get older. Because they are learned behaviours. But they should never be taught ones.

    That’s on all of us.

    Thank you for all you do for children and learners – and thank you for listening.

    Updates to this page

    Published 3 July 2025

    MIL OSI United Kingdom –

    July 4, 2025
  • OPCW hosts 23rd Asia Regional Meeting to boost Chemical Weapons Convention implementation

    Source: Government of India

    Source: Government of India (4)

    The Organisation for the Prohibition of Chemical Weapons (OPCW), in collaboration with India’s National Authority Chemical Weapons Convention (NACWC), convened the 23rd Regional Meeting of National Authorities of States Parties in Asia from July 1 to 3, at Vanijya Bhawan, New Delhi. The meeting brought together senior officials from OPCW, international delegates from across Asia, and representatives from India’s Ministry of External Affairs and Cabinet Secretariat.

    This regional meeting is part of the OPCW’s ongoing efforts to support the effective implementation of the Chemical Weapons Convention (CWC), which came into force in 1997. With 193 member states, the OPCW is the global authority overseeing the verifiable and permanent elimination of chemical weapons. The organisation was awarded the Nobel Peace Prize in 2013 for its commitment to global chemical disarmament.

    India, an original signatory to the Convention, has played a significant role in furthering its objectives. The NACWC, the national body responsible for implementing the CWC in India, recently mentored Kenya’s National Authority under the OPCW’s Mentorship/Partnership Programme, aimed at enhancing implementation capacities worldwide.

    The Indian Chemical Council (ICC), the country’s oldest chemical industry association, also received international recognition for its work in promoting chemical safety and compliance. In 2024, ICC was awarded the OPCW-The Hague Award, marking the first time a chemical industry body anywhere in the world received this honour. The award acknowledged ICC’s contributions to advancing the goals of the Convention and improving industry-wide safety and security practices in India.

    This year’s regional meeting in New Delhi served as a platform for 38 delegates from 24 Asian countries — including Australia, Bangladesh, Bhutan, China, Japan, the Republic of Korea, Singapore, and the United Arab Emirates, among others — to share experiences, discuss national implementation challenges, and exchange best practices. The discussions addressed key topics such as legislative frameworks, chemical safety and security, the role of industry stakeholders, and the emerging use of Artificial Intelligence in chemical monitoring and compliance.

     

    July 4, 2025
  • Centre to convene all-party meeting on July 19 ahead of Monsoon Session

    Source: Government of India

    Source: Government of India (4)

    The Central government will convene an all-party meeting on July 19, ahead of the Monsoon Session 2025, said Union Parliamentary Affairs Minister Kiren Rijiju on Thursday.

    Rijiju said, “The central government called an all-party meeting on July 19 regarding the monsoon session of Parliament. The monsoon session of Parliament is starting from July 21 and will run till August 21.”

    The Monsoon Session of Parliament will be held from July 21 to August 21. There will be no Parliament sittings on August 13 and 14 due to Independence Day celebrations.

    Earlier in a post on X, Union Minister Kiren Rijiju wrote, “The Hon’ble President of India has approved the proposal of the Government to convene the Monsoon Session of Parliament from 21st July to 21st August, 2025. In view of the Independence Day celebrations, there will be no sittings on the 13th and 14th of August.”

    This comes amid the demand by Opposition leaders to convene a special session of Parliament upon the arrival of all-party delegations to discuss various issues, especially the developments that followed the ghastly Pahalgam terrorist attack.

    The upcoming Monsoon session will be the first Parliament session following Operation Sindoor, which was launched by India on May 7 in response to a terror attack in Jammu and Kashmir’s Pahalgam, which claimed 26 lives.

    The Budget session of Parliament began on January 31 this year. The Budget Session saw the passage of significant legislation, including Waqf Amendment Bill.

    Rijiju held a press conference after the end of the Budget Session, informing that the first part of the Budget Session yielded a total of 9 sittings of Lok Sabha and Rajya Sabha. In the second part of the Session, there were 17 sittings of both Houses. During the entire Budget Session, in total, there were 26 sittings.

    During the second part of the Session, Demands for Grants of individual Ministries of Railways, Jal Shakti and Agriculture & Farmers Welfare were discussed and voted in Lok Sabha. In the end the Demands for Grants of the remaining Ministries/ Departments were put to the Vote of the House on Friday, the 21st of March, 2025. The related Appropriation Bill was also introduced, considered and passed by Lok Sabha on 21.03.2025 itself.

    Appropriation Bills relating to Second and Final Batch of Supplementary Demands for Grants for the year 2024-25; Excess Demands for Grants for the year 2021-22 and Supplementary Demands for Grants of Manipur for the year 2024-25 and Demands for Grant on Account for the year 2025-26 in respect of the State of Manipur were also passed on 11.03.2025 in Lok Sabha.

    The Finance Bill, 2025 was passed by Lok Sabha on March 25.

    In the Rajya Sabha the working of the Ministries of Education, Railways, Health & Family Welfare and Home Affairs were discussed.

    (ANI)

    July 4, 2025
  • By the Numbers: Deconstructing India’s Unprecedented Poverty Decline

    Source: Government of India

    Source: Government of India (4)

    The global narrative of poverty reduction has an Indian imprint in the latest data releases. The decline in poverty, confirmed by a confluence of national and international assessments, is a significant landmark on India’s developmental journey. Reduced poverty means more empowered citizens, a factor that reflects the dynamic interplay of sustained economic growth, year after year, focusing on meticulously targeted welfare architecture.

    Even as global goals on poverty estimation shift—evidenced by the World Bank’s recent adoption of a stricter poverty threshold—India’s performance remains a hope—a journey of encouragement—on its path to become a developed country by 2047.

    Data tells its story. According to a discussion paper from NITI Aayog, a staggering 24.82 crore people, a quarter of a billion souls, escaped the clutches of multidimensional poverty in the nine years between 2013-14 and 2022-23 alone. 29.17% of India was multidimensionally poor in 2013-14, which was reduced to 11.28% in 2022-23.

    Measurement of multidimensional poverty based on the Multidimensional Poverty Index (MPI) is a more holistic metric developed by the UNDP and the University of Oxford in 2010. This index, as its name suggests, measures poverty across multiple, overlapping dimensions—health, education, and living standards—offering a granular, non-monetary picture of deprivation at the household level.

    The largest declines in multidimensional poverty were registered in some of the nation’s most populous states, with Uttar Pradesh leading the charge by liberating 5.94 crore people, followed by Bihar (3.77 crore), Madhya Pradesh (2.30 crore), and Rajasthan (1.87 crore).

    This exodus, on the path of empowerment, is corroborated by the World Bank’s “Spring 2025 Poverty and Equity Brief,” which notes the lifting of 17.1 crore people from extreme poverty in the country. Going by the old poverty rate of USD 2.15 per person per day, India’s population had 16.2% extremely poor people, living on less than USD 2.15 a day in 2011-12. It fell significantly to 2.3% in 2022-23.

    The World Bank assessment notes that these populous states, which accounted for 65% of India’s extreme poor in 2011-12, were responsible for an astonishing two-thirds of the overall national poverty decline by 2022-23. The progress has permeated both rural and urban landscapes with equal force. Rural poverty saw a dramatic fall from 18.4% to just 2.8% between 2011-12 and 2022-23, while urban poverty in the same period dwindled from 10.7% to a mere 1.1%.

    Consider the impact of the World Bank’s recalibrated international poverty line to USD 3 per person per day (in 2021 Purchasing Power Parity, released in May 2024) from USD 2.15. While this statistical adjustment instantly swelled the ranks of the world’s extreme poor, fresh household-consumption data from India reveals a story of remarkable resilience of the country. The recalibration should have added 22.6 crore people worldwide to its extreme-poverty count, but the real addition was just 12.5 crore, thanks to India’s positive indicators and reduced numbers.

    Updated consumption data and changed survey methods to its poverty indicators and headcount ratio reflect that India is doing extremely well on meeting positive indicators to reduce poverty. According to the new international poverty line, the percentage of extremely poor people in India rose from 16.2% (or 20.59 crore people) in 2011-12 to 27.12% (or 34.47 crore people).

    The latest data shows a significant decline in these numbers, corroborating India’s growth story. Under the new line—poverty fell drastically, from 27.12% in 2011-12 to 5.25% in 2022-23. In absolute terms, the headcount dropped from 34.45 crore to 7.52 crore over the same period—a striking decline that underscores India’s continuing progress—of addressing needs of the most vulnerable strata of the society.

    Also, according to the NITI Aayog’s discussion paper, between 2005-06 and 2015-16, the annual rate of decline was 7.69%. However, in the subsequent period from 2015-16 to 2019-21, this rate surged to an impressive 10.66% annually. This acceleration puts India firmly on track to achieve the Sustainable Development Goal of halving multidimensional poverty well before the 2030 deadline.

    Furthermore, as India navigates evolving global benchmarks, its progress holds firm. If we go by the previous poverty rates, at the lower-middle-income poverty line of USD 3.65 per day, the poverty rate was more than halved in the country, dropping from 61.8% to 28.1% over the decade from 2011-12 to 2022-23. This suggests that millions (37.8 crore people in absolute numbers) are not just crossing the threshold of extreme poverty but are continuing on an upward trajectory.

    Perhaps most tellingly, this growth has not come at the expense of equality. The Gini Index, a standard measure of income and consumption-based inequality, actually declined from 28.8% in 2011-12 to 25.5% in 2022-23, indicating that the fruits of economic expansion are being distributed more broadly than before. India’s journey is a powerful demonstration that rapid, large-scale poverty reduction is an achievable reality, providing a solid foundation upon which the aspirations of a developed nation can be confidently built.

     

    July 4, 2025
  • PM Modi pays homage to Kwame Nkrumah, Ghana’s founding President

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday visited the Kwame Nkrumah Memorial Park in Accra, paying homage to Ghana’s founding President and towering figure of Africa’s independence movement.

    Accompanied by Ghana’s Vice-President, Prof. Naana Jane Opoku-Agyemang, PM Modi laid a floral wreath and observed a moment of silence at the mausoleum that houses the mortal remains of Dr. Nkrumah and his wife, Fathia Nkrumah.

    The tribute underlined India’s longstanding respect for Ghana’s rich anti-colonial legacy and reflected the enduring ties between the two nations.

    The memorial, designed by architect Don Arthur, stands as a symbol of Dr. Nkrumah’s pivotal role in leading the Gold Coast to independence from British rule in 1957. Ghana’s independence made it the first sub-Saharan African nation to achieve self-rule, inspiring liberation movements across the continent.

    A proponent of Pan-African unity and a key architect of the Non-Aligned Movement, Dr. Nkrumah’s vision extended beyond national borders. He advocated African solidarity and international cooperation at a time when newly independent states were seeking a collective voice on the global stage.

    Dr. Nkrumah’s ideas on neo-colonialism and his writings, including Neo-Colonialism: The Last Stage of Imperialism, continue to influence debates on post-colonial development. Despite facing political challenges and being overthrown in a coup in 1966, his legacy remains deeply embedded in Ghana’s national consciousness.

    Earlier during his visit, PM Modi was conferred with Ghana’s highest civilian award — The Officer of the Order of the Star of Ghana — by President John Mahama. Expressing gratitude, the Prime Minister described the honour as “a matter of immense pride” for India.

    “It is a matter of great pride and honour for me to be conferred with Ghana’s national award, The Officer of the Order of the Star of Ghana, by the President. I humbly accept this honour on behalf of 1.4 billion Indians,” PM Modi said, dedicating the award to the youth of both nations.

    PM Modi’s visit, the first by an Indian Prime Minister in over three decades, signals New Delhi’s continued outreach to Africa and the Global South. During discussions with President Mahama, both leaders agreed to elevate bilateral ties to a Comprehensive Partnership, underscoring cooperation in trade, investment and people-to-people exchanges.

    (ANI)

    July 3, 2025
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