Category: India

  • MIL-OSI: Ageas completes the acquisition of Saga’s Underwriting Business

    Source: GlobeNewswire (MIL-OSI)

    Ageas announced today that all necessary regulatory approvals for the acquisition of Acromas Insurance Company Limited (AICL), Saga’s Underwriting Business, have been obtained and the transaction has been completed.

    The completion of the acquisition of AICL represents the first milestone towards the establishment of a 20-year partnership with Saga Services Limited (SSL) for the distribution of personal lines Motor and Home insurance products to Saga’s customers, as communicated on 16 December 2024 (read the press release).

    The acquisition and the distribution agreement with Saga, the UK specialist provider of products and services to people aged over 50, aligns perfectly with Ageas’s Elevate27 strategy, to capitalise on its robust Non-Life presence across Europe, while accelerating solutions targeted at an ageing population, a rapidly expanding customer segment where the Group and Ageas UK already have real strength and expertise. Furthermore, it presents Ageas with the opportunity to enhance its position as a leading personal lines insurer in the UK.

    The overall consideration for the acquisition is approximately GBP 67 million – consistent with prior communications, and to be paid out between acquisition and the operational start date of the partnership. The overall Solvency II impact, including the Affinity Partnership, remains aligned with the previously communicated – 5%.

    Ageas is a Belgian rooted listed international insurance Group with a heritage spanning of 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow, and is also engaged in reinsurance activities. As one of Europe’s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Portugal, Türkiye, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 50,000 people and reported annual inflows of EUR 18.5 billion in 2024.

    Attachment

    The MIL Network

  • MIL-OSI: Ageas completes the acquisition of Saga’s Underwriting Business

    Source: GlobeNewswire (MIL-OSI)

    Ageas announced today that all necessary regulatory approvals for the acquisition of Acromas Insurance Company Limited (AICL), Saga’s Underwriting Business, have been obtained and the transaction has been completed.

    The completion of the acquisition of AICL represents the first milestone towards the establishment of a 20-year partnership with Saga Services Limited (SSL) for the distribution of personal lines Motor and Home insurance products to Saga’s customers, as communicated on 16 December 2024 (read the press release).

    The acquisition and the distribution agreement with Saga, the UK specialist provider of products and services to people aged over 50, aligns perfectly with Ageas’s Elevate27 strategy, to capitalise on its robust Non-Life presence across Europe, while accelerating solutions targeted at an ageing population, a rapidly expanding customer segment where the Group and Ageas UK already have real strength and expertise. Furthermore, it presents Ageas with the opportunity to enhance its position as a leading personal lines insurer in the UK.

    The overall consideration for the acquisition is approximately GBP 67 million – consistent with prior communications, and to be paid out between acquisition and the operational start date of the partnership. The overall Solvency II impact, including the Affinity Partnership, remains aligned with the previously communicated – 5%.

    Ageas is a Belgian rooted listed international insurance Group with a heritage spanning of 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow, and is also engaged in reinsurance activities. As one of Europe’s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Portugal, Türkiye, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 50,000 people and reported annual inflows of EUR 18.5 billion in 2024.

    Attachment

    The MIL Network

  • Rajnath Singh, US Defence Secretary discuss ways to strengthen defence ties, expand industry collaboration

    Source: Government of India

    Source: Government of India (4)

    Defence Minister Rajnath Singh and United States Secretary of Defense Mr Pete Hegseth held a telephonic conversation on Monday to discuss avenues for deepening defence cooperation between India and the United States.

    The discussion covered a wide range of issues, including long-term collaboration in the defence sector, expanded industry partnerships, and enhanced training and military exchanges. Both leaders agreed to build upon the momentum of this critical and mutually beneficial partnership, with a focus on interoperability, integration of defence industrial supply chains, logistics sharing, increased joint military exercises, and cooperation with other like-minded partners.

    During the conversation, Singh expressed appreciation for the consistent support extended by the United States to India in its fight against terrorism. Highlighting Pakistan’s track record, he said, “Pakistan’s long track record of cross-border terrorism is well known globally. It has become a safe haven for internationally banned terrorists who enjoy immunity there.”

    Referring to India’s recent counterterrorism operation, Operation Sindoor, the defence minister said, “India’s actions during Operation Sindoor were measured, non-escalatory, proportionate, and focused on disabling terrorist infrastructure.” He underlined that India reserves the right to respond and defend itself against terrorism, and to pre-empt and deter any further cross-border attacks.

    Singh also lauded Mr Hegseth for his leadership, which he said has helped elevate India–US defence ties to new levels. In turn, Secretary Hegseth invited Singh for an in-person meeting in the United States to further advance the bilateral partnership.

    In a post on X, Singh said the discussion aimed to review ongoing and new initiatives to deepen the defence partnership and strengthen capacity-building cooperation. He added that he looks forward to meeting the US Secretary of Defense at an early date.

    This was the third telephonic conversation between Rajnath Singh and Secretary Hegseth since January 2025, when Mr Hegseth assumed office as the US Secretary of Defense.

  • MIL-OSI Security: Two Convicted for Their Roles in Multimillion-Dollar Transnational Telephone Scam

    Source: US FBI

    ATLANTA – Pradip Parikh, 67, of Valley Stream, New York, and Alpesh Patel, 40, of Louisa, Virginia, have been convicted for their roles in a scam that defrauded unsuspecting Americans out of millions of dollars after a five-day jury trial.                                                                                                                                         

    “This case involved a scheme to defraud multiple victims – many of whom were elderly – and to callously rob them of their hard-earned savings,” said U.S. Attorney Theodore S. Hertzberg. “The defendants and their conspirators within and outside the United States enriched themselves through government-imposter scams designed to exploit the public’s inherent trust in federal institutions. The jury has spoken, and Parikh and Patel will now be held accountable for their crimes.”

    “These defendants deliberately preyed on some of our most vulnerable citizens—particularly the elderly—by impersonating Social Security officials and exploiting their trust,” said Michelle L. Anderson, Assistant Inspector General for Audit performing the duties of the Social Security Administration (SSA), Inspector General. “This telephone imposter scheme defrauded millions of Americans and caused real harm to individuals who believed they were protecting their benefits. Today’s convictions send a clear message: we will relentlessly pursue those who weaponize fear and deceit to commit fraud, and we thank our law enforcement partners for helping bring these perpetrators to justice.”

    “These defendants targeted mostly older adults to cheat them out of their savings,” said FBI Atlanta Special Agent in Charge Paul Brown. “This sentencing should make it known to individuals that protecting our most vulnerable community members is critically important, and we will hold accountable those who engage in these sorts of egregious fraud schemes.”

    According to U.S. Attorney Hertzberg, the charges, and other information presented in court: In 2022, Pradip Parikh, Alpesh Patel, and eight others were indicted for running, promoting, and profiting from an India-based call center scam targeting Americans. The fraudsters typically identified themselves as Social Security Administration employees, telling the victims that their Social Security Numbers had been compromised in connection with criminal activity and promising to help “protect” their assets. Upon luring the victims to agree to this offer, the fraudsters directed the victims to send money to bank accounts controlled by Parikh, Patel, and other conspirators. 

    During the defendants’ trial, a 70-year-old victim from New Jersey testified that one of the conspirators told her that she would be arrested and lose all her assets if she did not transfer funds to accounts that the caller designated. In response, the victim transferred more than $600,000 of her lifesavings to multiple banks accounts, including $150,000 to an account called “JDM Management” that Parikh controlled.

    A recently widowed mother of eight testified that she transferred over $300,000 to JDM Management’s account as part of the scheme. Parikh then laundered the funds, retaining thousands for himself and transferring the balance to a conspirator. 

    Other victims testified that they wired money to an account called “Seven Points Agency” that Patel controlled. Evidence admitted during trial revealed that the Seven Points Agency account was opened just before scam victims began wiring money into it. More than $100,000 was deposited into the account in the span of two days, and Patel immediately diverted those funds to a conspirator after keeping approximately $10,000 for himself. 

    Pradip Parikh and Alpesh Patel were charged with conspiracy to commit wire fraud, conspiracy to commit money laundering, and two substantive counts of money laundering. The jury convicted Patel of all the counts. Parikh was convicted of conspiracy to commit money laundering and two substantive counts of money laundering. 

    The conspiracy to commit wire fraud count carries a maximum penalty of 20 years of imprisonment, and the money laundering counts each carry a maximum penalty of ten years of incarceration. In determining the actual sentence, the court will consider the United States Sentencing Guidelines, which are not binding but provide appropriate sentencing ranges for most offenders.

    Sentencing hearings for the defendants will be scheduled at a future date before United States District Judge William M. Ray II.

    This case is being investigated by the Social Security Administration – Office of the Inspector General and the Federal Bureau of Investigation.

    Assistant United States Attorney Angela Adams and Special Assistant United States Attorney Diane C. Schulman are prosecuting the case.

    The U.S. Attorney’s Office for the Northern District of Georgia is part of the Department of Justice Transnational Elder Fraud Strike Force. The Strike Force focuses on investigating and prosecuting defendants associated with foreign-based fraud schemes that disproportionately affect American seniors. These include romance scams, phone scams, mass-mailing fraud schemes, and tech-support fraud schemes. For further information on these scams, see https://www.justice.gov/elderjustice/senior-scam-alert.

    For further information please contact the U.S. Attorney’s Public Affairs Office at USAGAN.PressEmails@usdoj.gov or (404) 581-6185. The Internet address for the U.S. Attorney’s Office for the Northern District of Georgia is http://www.justice.gov/usao-ndga.

    MIL Security OSI

  • MIL-OSI Security: Two Convicted for Their Roles in Multimillion-Dollar Transnational Telephone Scam

    Source: US FBI

    ATLANTA – Pradip Parikh, 67, of Valley Stream, New York, and Alpesh Patel, 40, of Louisa, Virginia, have been convicted for their roles in a scam that defrauded unsuspecting Americans out of millions of dollars after a five-day jury trial.                                                                                                                                         

    “This case involved a scheme to defraud multiple victims – many of whom were elderly – and to callously rob them of their hard-earned savings,” said U.S. Attorney Theodore S. Hertzberg. “The defendants and their conspirators within and outside the United States enriched themselves through government-imposter scams designed to exploit the public’s inherent trust in federal institutions. The jury has spoken, and Parikh and Patel will now be held accountable for their crimes.”

    “These defendants deliberately preyed on some of our most vulnerable citizens—particularly the elderly—by impersonating Social Security officials and exploiting their trust,” said Michelle L. Anderson, Assistant Inspector General for Audit performing the duties of the Social Security Administration (SSA), Inspector General. “This telephone imposter scheme defrauded millions of Americans and caused real harm to individuals who believed they were protecting their benefits. Today’s convictions send a clear message: we will relentlessly pursue those who weaponize fear and deceit to commit fraud, and we thank our law enforcement partners for helping bring these perpetrators to justice.”

    “These defendants targeted mostly older adults to cheat them out of their savings,” said FBI Atlanta Special Agent in Charge Paul Brown. “This sentencing should make it known to individuals that protecting our most vulnerable community members is critically important, and we will hold accountable those who engage in these sorts of egregious fraud schemes.”

    According to U.S. Attorney Hertzberg, the charges, and other information presented in court: In 2022, Pradip Parikh, Alpesh Patel, and eight others were indicted for running, promoting, and profiting from an India-based call center scam targeting Americans. The fraudsters typically identified themselves as Social Security Administration employees, telling the victims that their Social Security Numbers had been compromised in connection with criminal activity and promising to help “protect” their assets. Upon luring the victims to agree to this offer, the fraudsters directed the victims to send money to bank accounts controlled by Parikh, Patel, and other conspirators. 

    During the defendants’ trial, a 70-year-old victim from New Jersey testified that one of the conspirators told her that she would be arrested and lose all her assets if she did not transfer funds to accounts that the caller designated. In response, the victim transferred more than $600,000 of her lifesavings to multiple banks accounts, including $150,000 to an account called “JDM Management” that Parikh controlled.

    A recently widowed mother of eight testified that she transferred over $300,000 to JDM Management’s account as part of the scheme. Parikh then laundered the funds, retaining thousands for himself and transferring the balance to a conspirator. 

    Other victims testified that they wired money to an account called “Seven Points Agency” that Patel controlled. Evidence admitted during trial revealed that the Seven Points Agency account was opened just before scam victims began wiring money into it. More than $100,000 was deposited into the account in the span of two days, and Patel immediately diverted those funds to a conspirator after keeping approximately $10,000 for himself. 

    Pradip Parikh and Alpesh Patel were charged with conspiracy to commit wire fraud, conspiracy to commit money laundering, and two substantive counts of money laundering. The jury convicted Patel of all the counts. Parikh was convicted of conspiracy to commit money laundering and two substantive counts of money laundering. 

    The conspiracy to commit wire fraud count carries a maximum penalty of 20 years of imprisonment, and the money laundering counts each carry a maximum penalty of ten years of incarceration. In determining the actual sentence, the court will consider the United States Sentencing Guidelines, which are not binding but provide appropriate sentencing ranges for most offenders.

    Sentencing hearings for the defendants will be scheduled at a future date before United States District Judge William M. Ray II.

    This case is being investigated by the Social Security Administration – Office of the Inspector General and the Federal Bureau of Investigation.

    Assistant United States Attorney Angela Adams and Special Assistant United States Attorney Diane C. Schulman are prosecuting the case.

    The U.S. Attorney’s Office for the Northern District of Georgia is part of the Department of Justice Transnational Elder Fraud Strike Force. The Strike Force focuses on investigating and prosecuting defendants associated with foreign-based fraud schemes that disproportionately affect American seniors. These include romance scams, phone scams, mass-mailing fraud schemes, and tech-support fraud schemes. For further information on these scams, see https://www.justice.gov/elderjustice/senior-scam-alert.

    For further information please contact the U.S. Attorney’s Public Affairs Office at USAGAN.PressEmails@usdoj.gov or (404) 581-6185. The Internet address for the U.S. Attorney’s Office for the Northern District of Georgia is http://www.justice.gov/usao-ndga.

    MIL Security OSI

  • Trump to discuss Gaza, Iran with Netanyahu at Monday meeting

    Source: Government of India

    Source: Government of India (4)

    U.S. President Donald Trump said on Tuesday he will discuss the situations in Gaza and Iran when he meets with Israeli Prime Minister Benjamin Netanyahu at the White House next week, adding that he hopes to achieve a ceasefire in Gaza soon.

    Trump plans to meet Netanyahu on Monday. A senior Israeli official, Ron Dermer, has been in Washington this week holding talks ahead of the meeting.

    Trump and Netanyahu worked together on a military operation against Iran’s nuclear sites in June that culminated with American B-2 bombing raids. Trump said the strikes “obliterated” Tehran’s nuclear capability, although there remains a debate about the degree of damage done to the Iranian nuclear program.

    Trump said he is hopeful that a ceasefire-for-hostages agreement can be achieved next week between Israel and Iran-backed Hamas militants in Gaza.

    “We hope it’s going to happen. And we’re looking forward to it happening sometime next week,” he told reporters as he departed the White House for a day trip to Florida. “We want to get the hostages out.”

    Hamas has said it is willing to free remaining hostages in Gaza under any deal to end the war, while Israel says it can only end if Hamas is disarmed and dismantled. Hamas refuses to lay down its arms.

    The war in Gaza was triggered when Hamas-led militants attacked Israel on October 7, 2023, killing 1,200 people and taking 251 hostages, according to Israeli tallies.

    Gaza’s health ministry says Israel’s post-Oct. 7 military assault has killed over 56,000 Palestinians. The assault has also caused a hunger crisis, internally displaced Gaza’s entire population and prompted accusations of genocide at the International Court of Justice and of war crimes at the International Criminal Court. Israel denies the accusations.

    A White House official, asked about Dermer’s scheduled meetings and agenda, said: “Ron Dermer visits the White House regularly.”

    “This will continue as President Trump pursues a path to peace for Israel and Gaza,” the official added. The official did not immediately identify the Trump aides Dermer would see during his visit.

    -REUTERS

  • India–Ghana relations to get fresh push with PM Modi’s landmark two-day visit

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi’s two-day visit to Ghana from July 2, marks a landmark moment in India–Ghana relations. This will be the first visit by an Indian Prime Minister to Ghana in more than three decades and PM Modi’s first bilateral engagement with the West African nation. The visit is expected to deepen cooperation in trade, development partnership, capacity building and cultural exchange, strengthening a warm relationship that has endured since Ghana’s independence.

    Historical Context

    India and Ghana share historical ties rooted in anti-colonial solidarity and a shared vision for the Global South. India established its representative office in Accra in 1953, four years before Ghana gained independence in 1957. Diplomatic relations were formally established the same year, laying the foundation for a close and friendly partnership.

    Political Engagement and High-Level Visits

    High-level exchanges have played a crucial role in nurturing this bond. From the Ghanaian side, President Nana Addo Dankwa Akufo-Addo visited India in March 2018 for the International Solar Alliance Founding Conference and later addressed the Voice of Global South Summit hosted by Prime Minister Modi in January 2023. Before him, President John Dramani Mahama travelled to India in October 2015 to attend the third India-Africa Forum Summit. Other notable visits include President Kufuor’s trips in 2002 and 2008, President Rawlings’ visit in 1993, President Limann’s in 1981 and President Kwame Nkrumah’s historic visit in 1961.

    From the Indian side, President Pranab Mukherjee visited Ghana in June 2016. Before that, Prime Minister P.V. Narasimha Rao’s visit in November 1995 was the last by an Indian Prime Minister, making PM Modi’s upcoming trip especially significant. Recent engagements have kept the momentum alive, with External Affairs Minister Dr. S. Jaishankar meeting President Akufo-Addo in September 2022 and Minister of State V. Muraleedharan attending the Ghanaian Presidential inauguration in January 2021.

    Institutional Mechanisms

    India and Ghana have built robust institutional mechanisms to sustain regular dialogue. The Joint Commission was established in 1995 and reinforced in 2016, while a protocol for Foreign Office Consultations was signed in 2002. Three rounds of consultations have been held since then, with the latest in New Delhi in 2022. The Joint Trade Committee, operational since 1981, held its fourth meeting in Accra in May 2024. Ghana’s Parliamentary Friendship Association also contributes to exchanges at the legislative level.

    Commercial Partnership

    India is among Ghana’s top trading partners and the largest destination for Ghanaian exports. Bilateral trade crossed two billion US dollars in 2022–23, with Ghana enjoying a positive trade balance due to substantial gold exports. Indian investments in Ghana are valued at over 1.2 billion dollars, spanning sectors such as pharmaceuticals, agro-processing, construction, manufacturing and ICT. Platforms like the CII-Exim Bank Conclave on India–Africa Project Partnership continue to play an important role in strengthening commercial ties. Ghana has been an active participant, with the 19th edition of the conclave in August 2024 witnessing the participation of four Ghanaian ministers and senior regulatory officials.

    Development Partnership

    India has been a committed development partner for Ghana, extending around 450 million US dollars in concessional credit and grants for infrastructure and capacity-building projects. Landmark initiatives include the India-Ghana Kofi Annan ICT Centre of Excellence established in 2003, the Rural Electrification Project, the Jubilee House Presidential Complex which was rehabilitated in 2017, and industrial ventures like the Komenda Sugar Plant and Elmina Fish Processing Plant inaugurated in 2016. Under Buyer’s Credit, India supported the construction of the Tema-Mpakadan Standard Gauge Railway Line, which was inaugurated in November 2024 and is expected to boost regional connectivity by linking Ghana’s main port city to its hinterland and neighbouring Burkina Faso. Other key projects include the Tamale-Walewale Road and an assembly plant for agricultural machinery.

    Capacity Building & Human Resource Development

    Ghana is also one of the largest beneficiaries of India’s flagship capacity-building programmes. Over 1,600 scholarships have been offered under the e-Vidya Bharati and e-Arogya Bharati digital network project. Hundreds of Ghanaians have benefited from ITEC and ICCR scholarships. In 2024 alone, 128 civilians and 109 defence personnel from Ghana trained in India under ITEC, while 35 ICCR scholarships and three AYUSH scholarships were awarded. Education fairs held in Kumasi and Accra in 2024 and 2025 have strengthened linkages between Indian institutions and Ghanaian students.

    Sectoral Cooperation

    Sectoral cooperation has grown steadily over the years. Agreements have been signed to promote cooperation in areas like LPG distribution, peaceful uses of nuclear energy and standardisation through collaborations between India’s Bureau of Indian Standards and Ghana Standards Authority. Air connectivity is facilitated through the Air Services Agreement signed in 1978 and updated through subsequent MoUs. Cultural exchange remains a vibrant aspect of the partnership, anchored by a Cultural Agreement signed in 1981 and periodic Cultural Exchange Programmes. India also extended humanitarian support to Ghana during the COVID-19 pandemic, providing 50,000 vaccine doses as a grant and over 1.6 million doses through the COVAX facility.

    Prime Minister Modi’s visit is expected to inject fresh momentum into the bilateral partnership by expanding trade, boosting investments in energy and digital infrastructure, advancing cooperation in defence and capacity building, and deepening collaboration in health, education and climate action. 

  • MIL-OSI Russia: Seychelles’ Path to Macroeconomic Stability and Resilience

    Source: IMF – News in Russian

    Comprehensive reforms have fueled Seychelles’ journey out of crisis and its continued resilience in the face of shocks

    Seychelles—a nation of 115 islands in the Indian Ocean—today enjoys a comparatively high degree of economic stability. Inflation is below 2 percent, real GDP has largely recovered from the pandemic, public debt is on course to reach the government’s target of less than 50 percent of GDP before 2030, and per capita income is the highest in Sub-Saharan Africa. But this stands in stark contrast to the country’s fortunes twenty years ago when it faced an economic crisis. What’s behind this turnaround?

    From times of crisis

    In the mid-2000s, Seychelles faced significant macroeconomic challenges stemming from expansionary fiscal policies and a rigid state-led economy. Large fiscal deficits were driven by high public spending on capital projects, subsidies, transfers to state enterprises and high debt service payments, while government revenues were constrained by significant tax concessions to foreign investors in the growing tourism sector. An expansionary monetary policy within a fixed exchange rate framework and extensive exchange controls led to external imbalances and depletion of foreign reserves. By 2008, gross public debt exceeded 192 percent of GDP and reserves had dwindled to just 2 weeks of import cover. The global financial crisis exacerbated these vulnerabilities, and the crisis came to a head in mid-2008 when the Seychelles authorities missed payments on the nation’s private foreign debt and Standard & Poor’s downgraded Seychelles to selective default.

    Changing course

    In response to this crisis, the government launched a comprehensive reform program with support from the IMF and other development partners. Key actions included abolishing all exchange restrictions and floating the rupee, consolidating public finances, reforming state enterprises, and abolishing indirect product subsidies in favor of a targeted social safety net. Paris Club creditors agreed to a debt stock reduction. These measures quickly yielded positive outcomes: inflation fell, foreign reserves were restored to over 3 months of import cover, and public debt declined to below 70 percent of GDP within five years. This turnaround rebuilt investor confidence, and the restoration of macroeconomic stability allowed policymakers room to shift from crisis management to macro-structural reforms in support of sustainable growth. 

    Resilience and commitment tested

    The COVID-19 pandemic, which caused a sudden collapse in global tourism, was another tremendous shock. But its years of macroeconomic stability enabled Seychelles to face this new challenge from a position of strength. Confronted with an economic contraction of nearly 12 percent in 2020, the government implemented timely fiscal and monetary measures to support households and businesses, utilized emergency financing from the IMF, and moved quickly to resume tourism. As tourism rebounded in 2021 and 2022, economic growth surged to nearly 13 percent in 2022, helping to regain lost ground. Foreign exchange reserves were maintained above 3 months of import cover, and the exchange rate was allowed to move to facilitate adjustment. Key to managing the effects of the pandemic and the international commodity shock that followed were the fiscal and foreign exchange buffers built up in prior years and a commitment to macro fiscal discipline demonstrated by the government. 

    Staying on course

    Given highly volatile global economic and financial conditions, Seychelles’ hard-won macroeconomic stability will likely be put to the test again. Environmental pressures limit scope to expand tourism, while vulnerability to external shocks argues for continued strong fiscal discipline and external buffers. To ensure continued economic growth and resilience, vital investments in infrastructure will be necessary, together with deeper development of human capital, more efficient public services, and financial sector deepening and inclusion. Concerted efforts are also needed to strengthen the social safety net and address critical social ills that hamper productivity and economic development. Some of these areas fall within the reform agenda under the current IMF-supported Extended Fund Facility and Resilience and Sustainability Facility, but others will require new policy commitments.

    Seychelles’ economic record highlights the importance of sound macroeconomic management and institutional strengthening in achieving and sustaining economic prosperity. Its journey offers valuable lessons for other small economies aiming at building resilience in an increasingly uncertain global landscape.

    Todd Schneider is IMF mission chief to Seychelles and an advisor in the IMF’s African Department, where Hany Abdel-Latif is an economist, Pedro Maciel is a senior economist, and Henry Quach is a research analyst.

    https://www.imf.org/en/News/Articles/2025/07/01/cf-seychelles-path-to-macroeconomic-stability-and-resilience

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI USA: The Status of the Chagos Archipelago –  Part II: United Kingdom’s Agreement with Mauritius

    Source: US Global Legal Monitor

    The following is a guest post by Clare Feikert-Ahalt, a senior foreign law specialist at the Law Library of Congress covering the United Kingdom and several other jurisdictions. Clare has written numerous posts for In Custodia Legis, including Revealing the Presence of Ghosts; Weird Laws, or Urban Legends?; FALQs: Brexit Referendum; 100 Years of “Poppy Day” in the United Kingdom; and Mr. Bates vs. The Post Office Spurs Possible Law Change.

    Yesterday’s post described the historic status of the Chagos Archipelago and the United Kingdom’s (UK) power over the territory. Today’s post describes the new agreement, which returns sovereignty over the Chagos Archipelago and allows for the continued use of the UK-US military base.

    On May 22, 2025, the United Kingdom and Mauritius signed an agreement that “recognis[es] the wrongs of the past” with regards to the Chagos Archipelago. The agreement transfers sovereignty of the British Indian Ocean Territory (BIOT) from the UK to Mauritius, while providing the UK with “rights and authorities [over Diego Garcia] that the United Kingdom requires for the long-term, secure and effective operation of the Base.”

    The agreement, which took over two years and 13 rounds of negotiations to achieve, secures British interests in Diego Garcia, including an area of 12 nautical miles surrounding the island, for 99 years. The agreement provides the UK with the right to access, maintain, and invest in the base, along with the ability to use it for defense purposes. It places a binding obligation on both parties to ensure the secure and effective operation of the base. The UK’s secretary of state for defence notes the agreement achieves the “secured unrestricted access to, and use of, the base, as well as control over movement of all persons and all goods on the base and control of all communication and electronic systems.”

    Any activities on the wider islands of the Chagos Archipelago, such as the construction of any structure, artificial island, sensor, or barrier within 24 nautical miles, must be approved through a joint decision process between the UK and Mauritius, which serves as an “effective veto” of development in the islands surrounding Diego Garcia as the UK does not want other countries, particularly those hostile to the UK, to have a presence near this facility.

    The 99 years can be extended for a further 40 years if both parties agree, and it may be extended again thereafter. The estimated cost to UK for 99 years “is £101 million [annually] and the net present value of payments under the treaty is £3.4 billion” (approximately US$136 million and US$4.6 billion respectively) accounting for approximately 0.2% of the defense budget. The government has stated this is less than the cost of running an aircraft carrier, without aircraft, for a year.

    The agreement provides for the resettlement of the residents of Diego Garcia, known as the Chagossians, on the islands of the Chagos Archipelago, with the exception of Diego Garcia. It also provides for the establishment of a trust fund of £40 million (approximately US$54 million) to benefit Chagossians and an annual grant of £45 million (approximately US$61 million) for 25 years to fund projects that promote economic development and welfare in Mauritius. Article 11 of the agreement states that it “constitutes the full and final settlement of all claims by Mauritius in relation to the Chagos Archipelago.”

    The treaty was laid before both Houses of Parliament on May 22, 2025, and either of the Houses of Parliament may object to its ratification until July 3, 3035.

    The Defense Facility on Diego Garcia

    The secretary of state for defence for the UK stated “[t]he importance of Diego Garcia cannot be overstated” and a government press release announcing the agreement notes that the base is central to both the UK and US’s emergency planning and operations, with the base serving as:

    “a critical logistics hub at a strategic location, with a full range of facilities that acts as a key refueling and resupply station for naval and air operations. This enables power projection and global reach, allowing for rapid and flexible deployment of our forces across the Middle East, East Africa, and South Asia.”

    While most of the work on, and capabilities of, Diego Garcia are not disclosed, the secretary of state for defence and the UK prime minister have publicly acknowledged that the base supports operations, including those related to counter-terrorism, in the Middle East, East Africa, and South Asia. Public statements detail that the base houses:

    • an airfield enabling strike operations and the rapid deployment of the military in this area, “… creat[ing] real military advantage across the Indo-Pacific;”
    • a deep-water port that, among other uses, “supports missions from nuclear-powered submarines to [the UK’s] carrier strike group;”
    • advanced communications, which includes management of the electromagnetic spectrum satellite;
    • surveillance capabilities;
    • facilities that support the global operation of GPS, notably one monitoring station and one of four ground antennas;
    • Ground-Base Electro-Optical Deep Space Surveillance (GEODSS) System, which “provides situational awareness of objects in Earth’s orbit, helping to track space debris that pose a risk to space systems”; and
    • “three pieces of critical Comprehensive Nuclear Test Ban Treaty monitoring equipment”, including seismic monitoring equipment that checks for indicators of nuclear testing, helping to secure compliance with the nuclear test ban treaty.

    The presence of the base in the center of the Indian Ocean also helps to safeguard an important trade route, through which “a third of the world’s bulk cargo and two-thirds of global oil shipments are transported.”

    The US Navy describes the facility on Diego Garcia as “the tip of the spear” and states that it “provides logistic support to operational forces forward deployed to the Indian Ocean and Persian Gulf areas of responsibility in support of national policy objectives.”

    The prime minister stated that the agreement is vital to the UK’s defence and intelligence, and for securing the safety and security of the British people at this time. He stated “… the base was under threat” from legal challenges by Mauritius, and the government believes there is no viable alternative to protect the base and secure the islands surrounding it.

    The prime minister further noted that if the UK disregarded any future legal judgements, “international organisations and other countries would act on them. And that would undermine the operation of the base.” The UK was particularly concerned at the prospect of other countries establishing a presence in the islands surrounding Diego Garcia, or conducting training exercises nearby, which could impact the operation of the base, and that it would be unable to prevent this without an agreement.

    The prime minister has described the base as “one of the most significant contributions we make to our security relationship with the United States.” The UK foreign secretary stated the US was unhappy with the uncertainty created by the situation and “strongly encouraged [the UK] to strike a deal.” It was against this background that negotiations were commenced and the treaty was made.

    Reaction to the Agreement

    The opposition conservative party has been critical of the agreement, stating that the government “prioritised heeding the most pessimistic legal advice” concerning the potential of legal judgments. The opposition further stated that the agreement puts the defense facility at risk due to Mauritius’ ties to Russia and China. The UK shadow secretary of state said in parliament that “[t]he Government should not be surrendering strategically vital sovereign territory, especially when we face such threats, and they certainly should not be paying billions for the privilege”, noting further that the agreement does not offer any protection to the Chagossians.

    Internationally, the agreement has been backed by the UK’s “Five Eyes” partners, which include the United States, Canada, Australia, and New Zealand. Japan, India, and the African Union have also welcomed the agreement. US President Donald Trump expressed his support for the agreement and US Secretary of State Marco Rubio, stated that while the administration is not a party to the agreement, it “remain[s] responsible for operating the U.S. Naval Support Facility on Diego Garcia, which continues to play a vital role in supporting forward-deployed operational forces and advancing security across the region.”

    The US secretary of state stated:

    “The Trump Administration determined that this agreement secures the long-term, stable, and effective operation of the joint U.S.-UK military facility at Diego Garcia. This is a critical asset for regional and global security.”

    While the agreement has been welcomed by the UK and several of its allies, the United Nations has condemned the agreement, issuing a press release stating:

    “By maintaining a foreign military presence of the United Kingdom and the United States on Diego Garcia and preventing the Chagossian people from returning to Diego Garcia, the agreement appears to be at variance with the Chagossians’ right to return, which also hinders their ability to exercise their cultural rights in accessing their ancestral lands from which they were expelled.”

    The UN has urged the UK to “apply a human rights-based approach in addressing historical injustices against the Chagossian people.”

    Additional Law Library of Congress Resources on the Laws of Mauritius and the UK


    Subscribe to In Custodia Legis – it’s free! – to receive interesting posts drawn from the Law Library of Congress’s vast collections and our staff’s expertise in U.S., foreign, and international law.

    MIL OSI USA News

  • MIL-OSI Europe: VATICAN – 14 priests ordained by Pope Leo from the Pontifical Urban College “de Propaganda Fide”

    Source: Agenzia Fides – MIL OSI

    Tuesday, 1 July 2025

    Vatican City (Agenzia Fides) – On the Solemnity of the Sacred Heart of Jesus and on the occasion of the XXIX World Day of Prayer for the Sanctification of Priests, instituted by John Paul II in 1995, Pope Leo XIV ordained 32 new priests in the Vatican Basilica, 14 of whom come from the Pontifical Urban College “de Propaganda Fide.” Among them Andige Channindu (Colombo, Sri Lanka), Gbatar Emmanuel (Makurdi, Nigeria), Ham Francesco (Seoul, South Korea), Joseph Abishek (Sultanpet, India), Lakew Deribe (Harar, Ethiopia), Lee Angelo (Seoul, South Korea), Llamango Ndouloukoli Eusèbe Marius (Bossangoa, Central African Republic), Maria James Ajith (Kottar, India), Menounga Ngonoi Claude (Batouri, Cameroon), Mombai De-Kpilima Christ Friedrich (Bangui, Central African Republic), Ngalo Felicien (Mbaiki, Central African Republic), Ngo Giovanni Battista (Vinh, Vietnam), Santos Daniel (Mbanza Kongo, Angola) and Tika Gilbert (Damongo, Ghana).”The priests recently ordained by Pope Leo XIV come from ten different countries in Africa and Asia,” Armando Nugnes, rector of the Pontifical Urban College “de Propaganda Fide,” explained to Fides. “They have experienced this opportunity with profound gratitude toward God and the Church, feeling the responsibility to bear witness to the richness of Catholicism in their countries through the generosity of the service that will be asked of them.”This year, the Pontifical Urban College welcomed 168 students, including seminarians and deacons, along with nearly 300 priests from the Colleges of Saints Peter and Paul, as well as about 100 nuns from the Mater Ecclesiae College in Castel Gandolfo. “This gift has been great,” emphasizes Rector Nugnes, “not only for the candidates who received the grace of the ministerial priesthood from the Holy Father in the context of the Jubilee Year, but also for the entire community that was able to accompany these brothers, exceptionally, until the day of their ordination, with prayer and sharing in the joy. Normally, the Urban College’s formative plan provides that deacons, after completing their licentiate studies, return to their dioceses of origin to receive priestly ordination and begin their missionary ministry.” (EG) (Agenzia Fides, 1/7/2025)
    Share:

    MIL OSI Europe News

  • MIL-OSI Global: Invasive carp threaten the Great Lakes − and reveal a surprising twist in national politics

    Source: The Conversation – USA – By Mike Shriberg, Professor of Practice & Engagement, School for Environment & Sustainability, University of Michigan

    Invasive Asian carp are spreading up the Mississippi River system and already clog the Illinois River. AP Photo/John Flesher

    In his second term, President Donald Trump has not taken many actions that draw near-universal praise from across the political spectrum. But there is at least one of these political anomalies, and it illustrates the broad appeal of environmental protection and conservation projects – particularly when it concerns an ecosystem of vital importance to millions of Americans.

    In May 2025, Trump issued a presidential memorandum supporting the construction of a physical barrier that is key to keeping invasive carp out of the Great Lakes. These fish have made their way up the Mississippi River system and could have dire ecological consequences if they enter the Great Lakes.

    It was not a given that Trump would back this project, which had long been supported by environmental and conservation organizations. But two very different strategies from two Democratic governors – both potential presidential candidates in 2028 – reflected the importance of the Great Lakes to America.

    As a water policy and politics scholar focused on the Great Lakes, I see this development not only as an environmental and conservation milestone, but also a potential pathway for more political unity in the U.S.

    A feared invasion

    Perhaps nothing alarms Great Lakes ecologists more than the potential for invasive carp from Asia to establish a breeding population in the Great Lakes. These fish were intentionally introduced in the U.S. Southeast by private fish farm and wastewater treatment operators as a means to control algae in aquaculture and sewage treatment ponds. Sometime in the 1990s, the fish escaped from those ponds and moved rapidly up the Mississippi River system, including into the Illinois River, which connects to the Great Lakes.

    Sometimes said to “breed like mosquitoes and eat like hogs,” these fish can consume up to 40% of their body weight each day, outcompeting many native species and literally sucking up other species and food sources.

    Studies of Lake Erie, for example, predict that if the carp enter and thrive, they could make up approximately one-third of the fish biomass of the entire lake within 20 years, replacing popular sportfishing species such as walleye and other ecologically and economically important species.

    Invasive carp are generally not eaten in the U.S. and are not desirable for sportfishing. In fact, silver carp have a propensity to jump up to 10 feet out of the water when startled by a boat motor. That can make parts of the Illinois River, which is packed with the invasive fish, almost impossible to fish or even maneuver a boat.

    Look out! Silver carp fly out of the water, obstructing boats and hitting people trying to enjoy a river in Indiana.

    The Brandon Road Lock and Dam solution

    Originally, the Great Lakes and the Mississippi River were not connected to each other. But in 1900, the city of Chicago connected them to avoid sending its sewage into Lake Michigan, from which the city draws its drinking water.

    The most complete way to block the carp from invading the Great Lakes would be to undo that connection – but that would recreate sewage and flooding issues for Chicago, or require other expensive infrastructure upgrades. The more practical, short-term alternative is to modify the historic Brandon Road Lock and Dam in Joliet, Illinois, by adding several obstacles that together would block the carp from swimming farther upriver toward the Great Lakes.

    The barrier, estimated to cost US$1.15 billion, was authorized by Congress in 2020 and 2022 after many years of intense planning and negotiations. For the first phase of construction, the project received $226 million in federal money from the Bipartisan Infrastructure Law to complement $114 million in state funding – $64 million from Michigan and $50 million from Illinois.

    On the first day of Trump’s second term, however, he paused a wide swath of federal funding, including funding from the Bipartisan Infrastructure Law. And that’s when two different political strategies emerged.

    A brief documentary explains the construction of a connection between the Great Lakes and the Mississippi River basin.

    Pritzker vs. Whitmer vs. Trump

    Illinois, a state that has voted for the Democratic candidate in every presidential election since 1992, has the most financially at stake in the Brandon Road project because the project requires the state to acquire land and operate the barrier. When Trump issued his order, Illinois Gov. JB Pritzker, a Democrat, postponed the purchase of a key piece of land, blaming the “Trump Administration’s lack of clarity and commitment” to the project. Pritzker essentially dared Trump to be the reason for the collapse of the Great Lakes ecosystem and fisheries.

    Another Democrat, Gov. Gretchen Whitmer of Michigan, a swing state with the most at stake economically and ecologically if these carp species enter the Great Lakes, took a very different approach. She went to the White House to talk with Trump about invasive carp and other issues. She defended her nonconfrontational approach to critics, though she also hid her face from cameras when Trump surprised her with an Oval Office press conference. When Trump visited Michigan, she stood beside him as they praised each other.

    When Trump released the federal funding in early May, Pritzker kept up his adversarial language, saying he was “glad that the Trump administration heard our calls … and decided to finally meet their obligation.” Whitmer stayed more conciliatory, calling the funding decision a “huge win that will protect our Great Lakes and secure our economy.” She said she was “grateful to the president for his commitment.”

    Michigan Gov. Gretchen Whitmer greets President Donald Trump as he arrives in her state in late April 2025.
    AP Photo/Alex Brandon

    Why unity on carp?

    Whether coordinated or not, the net result of Pritzker’s and Whitmer’s actions drew praise from both sides of the aisle but was little noticed nationally.

    Trump’s support for the project was a rare moment of political unity and an extremely unusual example of leading Democrats being on the same page as Trump. I attribute this surprising outcome to two key factors.

    First, the Great Lakes region holds disproportionate power in presidential elections. Michigan, Wisconsin and Pennsylvania have backed the eventual winner in every presidential race for the past 20 years. This swing state power has been used by advocates and state political leaders to drive funding for Great Lakes protection for many years.

    Second, Great Lakes are the uniting force in the region. According to polling from the International Joint Commission, the binational body charged with overseeing waterways that cross the U.S.-Canada border, there is “nearly unanimous support (96%) for the importance of government investment in Great Lakes protections” from residents of the region.

    There aren’t any other issues with such high voter resonance, so politicians want to be sure Great Lakes voters are happy. For example, Vice President JD Vance has been particularly vocal about the Great Lakes. And Great Lakes restoration funding was one of the few things in the presidential budget that Democrats and Republicans agreed on.

    Both Pritzker and Whitmer likely had state-based and national motivations in mind and big aspirations at stake.

    Their combined effort has put the project back on track: As of May 12, 2025, Pritzker authorized Illinois to sign the land-purchase agreement he had paused back in February.

    And perhaps the governors have identified a new area for unity in a divided United States: Conservation and environmental issues have broad public support, particularly when they involve iconic natural resources, shared values and popular outdoor pursuits such as fishing and boating. Even when political strategies diverge, the results can bring bipartisan satisfaction.

    Mike Shriberg was previously the Great Lakes Regional Executive Director of the National Wildlife Federation, which entailed being a co-chair (and, for part of the time, Director) of the Healing Our Waters – Great Lakes Coalition.

    ref. Invasive carp threaten the Great Lakes − and reveal a surprising twist in national politics – https://theconversation.com/invasive-carp-threaten-the-great-lakes-and-reveal-a-surprising-twist-in-national-politics-257707

    MIL OSI – Global Reports

  • From Ghana to Brazil: PM Modi’s five-nation tour to cement South-South cooperation

    Source: Government of India

    Source: Government of India (2)

    rime Minister Narendra Modi is set to embark on a five-nation tour on Tuesday covering Ghana, Trinidad and Tobago, Argentina, Brazil and Namibia, marking an important push to strengthen India’s ties with Africa, Latin America and the Caribbean.

    First Indian PM visit to Ghana in three decades

    Prime Minister Modi will begin his tour with an official visit to Ghana on July 2 and 3- the first visit by an Indian Prime Minister to the West African nation in 30 years.

    The Ministry of External Affairs (MEA) said the visit holds special significance as Ghana’s President John Dramani Mahama recently assumed office after a decisive electoral victory. PM Modi and President Mahama, who share a history of engagement since the India-Africa Forum Summit in 2015, will discuss ways to deepen bilateral ties.

    Key areas on the agenda include agriculture, defence cooperation, critical minerals, and a possible vaccine hub to serve West Africa. India’s capacity-building initiatives like the ITEC programme have long contributed to Ghana’s human resource development. Officials expect the two sides to sign MoUs in areas such as traditional medicine, standards and cultural exchange.

    Trinidad and Tobago: marking 180 years of Indian arrival

    From July 3 to 4, PM Modi will visit Trinidad and Tobago, marking the first bilateral visit by an Indian Prime Minister since 1999. The visit coincides with the 180th anniversary of the arrival of Indian immigrants to the island nation, which hosts one of the largest Indian-origin communities in the Caribbean.

    In Port of Spain, PM Modi will hold wide-ranging discussions with President Christine Carla Kangaloo, and Prime Minister Kamala Prasad Bisessar, both of whom are of Indian origin. Talks will cover cooperation in pharmaceuticals, renewable energy, digital public infrastructure, agriculture, disaster resilience, education and culture.

    Highlighting the shared heritage, PM Modi will address a joint session of the Trinidad and Tobago Parliament and interact with the vibrant Indian diaspora.

    Argentina visit: tapping new opportunities

    PM Modi’s next stop will be Argentina on July 4 and 5 – the first standalone bilateral visit by an Indian PM to Argentina in nearly six decades.

    Officials said the visit is timely as Argentina pursues major economic reforms and offers new avenues for partnership. PM Modi will hold talks with President Javier Milei, focusing on boosting cooperation in defence manufacturing, digital technology, telemedicine, mining and renewable energy.

    Argentina’s vast reserves of lithium, copper and rare earths align with India’s push for secure and sustainable critical mineral supplies. India’s KABIL has already secured mining concessions in Argentina this year. Discussions will also cover food security, green energy, infrastructure, science and technology.

    Brazil: BRICS summit and bilateral talks

    PM Modi will then travel to Brazil to attend the 17th BRICS Summit in Rio de Janeiro on July 6 and 7. The theme for this year’s summit — “Strengthening Global South Cooperation for Inclusive and Sustainable Governance” — aligns with India’s foreign policy priorities.

    Leaders will deliberate on reforming global governance, peace and security, climate change and artificial intelligence. India expects key outcomes including a Leaders’ Declaration and frameworks for climate finance and socially determined diseases.

    On July 8, PM Modi will pay a state visit to Brasilia for bilateral talks with President Luiz Inácio Lula da Silva. India and Brazil will review trade ties, currently valued at $12.2 billion, and aim to push the target to $20 billion. Cooperation in oil and gas, renewable energy, critical minerals, defence, agriculture, traditional medicine, and digital public infrastructure are expected to feature prominently.

    Namibia: energy, minerals, digital pay on radar

    PM Modi will conclude his tour with a landmark visit to Namibia on July 9- the first by an Indian Prime Minister in 27 years.

    India has long supported Namibia’s independence struggle and has maintained strong economic ties. Trade stands at around $600 million, with Indian investments of nearly $800 million, mostly in minerals like zinc and diamonds.

    During the visit, PM Modi will hold bilateral talks with President Netumbo Nandi-Ndaitwah and address Namibia’s Parliament. A key highlight will be a technology agreement enabling unified payment interoperability between the two countries — deepening fintech and digital cooperation.

    Namibia’s reserves of uranium, copper, cobalt and rare earths, and recent oil discoveries make it an attractive partner as India diversifies its energy and mineral supplies. The Cheetah translocation project from Namibia to India’s Kuno National Park remains a symbol of trust and collaboration.

  • India, Pakistan exchange lists of prisoners and fishermen

    Source: Government of India

    Source: Government of India (4)

    India and Pakistan on Tuesday exchanged the lists of civilian prisoners and fishermen held in each other’s custody, as part of a practice under the bilateral Agreement on Consular Access signed in 2008. The lists were exchanged simultaneously through diplomatic channels in New Delhi and Islamabad. The agreement mandates the exchange of such lists twice a year — on January 1 and July 1.

    According to the Ministry of External Affairs (MEA), India handed over a list of 382 civilian prisoners and 81 fishermen who are either Pakistani nationals or believed to be Pakistani. In return, Pakistan provided details of 53 civilian prisoners and 193 fishermen who are Indian or believed to be Indian nationals.

    The MEA said that the government has pressed for the early release and repatriation of all Indian civilian prisoners, fishermen along with their boats, and missing defence personnel believed to be in Pakistan’s custody. New Delhi has asked Islamabad to expedite the release of 159 Indian prisoners and fishermen who have already completed their sentences and to grant immediate consular access to 26 individuals in Pakistan’s custody who are believed to be Indian but have not yet been provided consular access.

    In its statement, the government said it remains committed to addressing all humanitarian matters on priority, including issues related to prisoners and fishermen detained in each other’s country. India has urged Pakistan to speed up the nationality verification process for 80 prisoners and fishermen lodged in Indian jails, whose repatriation is pending due to the lack of confirmation of their citizenship.

    Since 2014, sustained diplomatic efforts have resulted in the repatriation of 2,661 Indian fishermen and 71 civilian prisoners from Pakistan. This figure includes 500 fishermen and 13 civilian prisoners who have returned to India since 2023.

  • India, Pakistan exchange lists of prisoners and fishermen

    Source: Government of India

    Source: Government of India (4)

    India and Pakistan on Tuesday exchanged the lists of civilian prisoners and fishermen held in each other’s custody, as part of a practice under the bilateral Agreement on Consular Access signed in 2008. The lists were exchanged simultaneously through diplomatic channels in New Delhi and Islamabad. The agreement mandates the exchange of such lists twice a year — on January 1 and July 1.

    According to the Ministry of External Affairs (MEA), India handed over a list of 382 civilian prisoners and 81 fishermen who are either Pakistani nationals or believed to be Pakistani. In return, Pakistan provided details of 53 civilian prisoners and 193 fishermen who are Indian or believed to be Indian nationals.

    The MEA said that the government has pressed for the early release and repatriation of all Indian civilian prisoners, fishermen along with their boats, and missing defence personnel believed to be in Pakistan’s custody. New Delhi has asked Islamabad to expedite the release of 159 Indian prisoners and fishermen who have already completed their sentences and to grant immediate consular access to 26 individuals in Pakistan’s custody who are believed to be Indian but have not yet been provided consular access.

    In its statement, the government said it remains committed to addressing all humanitarian matters on priority, including issues related to prisoners and fishermen detained in each other’s country. India has urged Pakistan to speed up the nationality verification process for 80 prisoners and fishermen lodged in Indian jails, whose repatriation is pending due to the lack of confirmation of their citizenship.

    Since 2014, sustained diplomatic efforts have resulted in the repatriation of 2,661 Indian fishermen and 71 civilian prisoners from Pakistan. This figure includes 500 fishermen and 13 civilian prisoners who have returned to India since 2023.

  • Indo-French joint military exercise ‘Shakti 2025’ concludes in France

    Source: Government of India

    Source: Government of India (4)

    The eighth edition of the Indo-French Joint Military Exercise ‘Shakti’ concluded on Tuesday after two weeks of intensive training and cooperation between the Indian and French armed forces.

    Held from June 18 to July 1 in France, the exercise was hosted by the 13th French Foreign Legion Demi-Brigade (13 DBLE) and involved more than 500 personnel from various units of the French Army, Foreign Legion, Navy, and the French Air and Space Force.

    India was represented by a 90-member contingent, including a Battalion from the Jammu and Kashmir Rifles and troops from other arms and services. The exercise featured approximately 50 armoured and tactical vehicles, along with fighter jets from both sides.

    The exercise was conducted in two phases with the first one, held from June 18 to 21 in Aveyron’s Monclar district, focused on joint training in weapon handling, combat drills, and command coordination.

    The second phase, from June 22 to 26 in Herault, saw the deployment of the Monclar Combined Arms Tactical Group (GTIA) in an open-field semi-urban combat exercise that tested troops during both day and night operations.

    This year’s drill emphasised tactical interoperability, use of modern military technology, and refining combat strategies. French legionnaires had previously participated in Shakti 2024 in India, and both sides reaffirmed their commitment to deepen military collaboration and share best practices.

    “Exercise Shakti was a vital opportunity for Indian and French military personnel to boost joint operational preparedness for facing the toughest combat situations in a sub-conventional environment under Chapter VII of the United Nations Charter, with training being conducted in a realistic semi-urban terrain, while strengthening ties with a strategic partner”, said a press statement from the French Embassy in New Delhi.

    “Serving as an effective platform for exchanging best practices in tactics, techniques, and procedures (TTPS), Exercise SHAKTI will pave the way for deeper cooperation and mutual respect between the French and the Indian armed forces as well as significantly reinforcing the Indo-French defence partnership”, it added.

    The Indo-French Shakti exercise serves as a key platform for enhancing tactical, technical, and procedural synergy between the two nations. Alongside other bilateral defence exercises such as Garuda (Air Forces) and Varuna (Navies), Shakti reflects the evolving and robust strategic partnership between India and France.

    These regular joint exercises are seen as a testament to the nations shared commitment to global peace, security, and stability.

    (IANS)

  • MIL-OSI Russia: Exhibition of SCO countries sculptures “Light of unity in harmony” is held in Qingdao

    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

    QINGDAO, July 1 (Xinhua) — An exhibition of sculptures by Shanghai Cooperation Organization (SCO) countries titled “Light of Unity in Harmony” opened in Qingdao, east China’s Shandong Province, on Thursday.

    The exhibition, which will run until July 6, features 48 sculptures created by artists from Russia, Kazakhstan, Uzbekistan, Kyrgyzstan, Pakistan, Iran and other countries. At the same time, the exhibition also features sculptures by Chinese artists dedicated to cultural figures from India, Tajikistan and other countries.

    A Xinhua reporter saw numerous city residents and tourists visiting the exhibition pavilion, who came here and admired the sculptures. Some stopped for a long time in front of the sculptures, contemplating and thinking intently, while others took pictures together in front of their favorite works.

    The opening of the SCO Sculpture Exhibition, which is the first event of the SCO Summer 2025 program, marks the beginning of the SCO Summer 2025 series of events. During this period, Qingdao will host more than one hundred events in such areas as culture and art, tourism promotion, exhibitions and festivals, education and study, sports and recreation.

    In early July 2024, China assumed the rotating presidency of the SCO for 2024-2025. It was previously announced that the organization’s next summit would be held this fall in the Chinese city of Tianjin. -0-

    MIL OSI Russia News

  • MIL-OSI: American Rebel Holdings (NASDAQ: AREB) Accelerates Beverage Retail Expansion with “Rebel Light” Beer Authorization in 62 Minuteman Food Mart Stores Across the Carolinas

    Source: GlobeNewswire (MIL-OSI)

    Continued Strategic Southeast Retail Growth Positions American Rebel Light Beer as the Leading Patriotic, Better-for-You Beer in the C-Store Channel

    NASHVILLE, TN, July 01, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), America’s Patriotic Brand and creator of American Rebel Light Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel, proudly announces additional retail expansion for its beverage division. American Rebel Light Beer, the company’s flagship Patriotic and “Better-for-You” light beer, has secured retail authorization in 62 Minuteman Food Mart locations across North Carolina and South Carolina—marking a significant leap in its Southeastern retail expansion strategy.

    This retail rollout with Minuteman Food Marts www.minutemanfoodmart.com, a respected regional operator with a strong community presence, positions American Rebel Light in one of the most beer-forward convenience store markets in the country.

    With over 150,000 convenience stores nationwide, and beer accounting for nearly 7% of all in-store sales—especially peaking around patriotic holidays—this placement is both timely and strategically aligned with American Rebel Light Beer’s values and consumer base.

    “We’re fired up to partner with Minuteman Food Marts to bring American Rebel Light to even more proud Americans,” said Todd Porter, President of American Rebel Beverage. “This milestone reflects our commitment to celebrating American values while fueling our rapid growth in key Southeastern markets.”

    Minuteman Food Mart, operated by Campbell Oil Company, has emerged as a top-tier independent C-store chain in the Carolinas, following its acquisition of Friendly Mart’s 18-store portfolio and continued site development. Its regional strength and loyal customer base make it an ideal partner for American Rebel’s mission-driven brand.

    Founded in 1976, Minuteman Food Mart has grown into a trusted convenience destination across the Carolinas. Minuteman Food Mart is a fourth-generation family business that began as a single service station and has grown into a network of over 60 convenience stores across North and South Carolina. The name “Minuteman” was inspired by a statue atop a Lance crackers display in a local hardware store—symbolizing readiness, service, and American grit. With deep roots in the region and a mission built on family values, integrity, and community service, Minuteman continues to deliver fast, friendly service to customers on the go.

    • Strong Regional Presence: Minuteman operates 62 locations in North Carolina, with additional growth in South Carolina, cementing its influence across the Carolinas. National and Regional Ranking: Ranked #117 nationally among convenience store chains per CSP’s 2025 Top 202 list. Within North Carolina, it’s among the top regional operators, though specific state rankings aren’t published.
    • Strategic Expansion: Growth accelerated through the acquisition of 18 Friendly Mart stores and revitalization of sites like the former Speedway in Whiteville.
    • Diverse Offerings: Combines fuel (Shell, BP, Marathon), food service (Minuteman Kitchen, Little Caesars Express), and beer sales to drive margins and customer loyalty.
    • Beer Sales Outlook: C-stores in North Carolina play a significant role in alcohol retail, especially for beer, within state-regulated hours and ABV limits. Beer sales are a key revenue stream for operators like Minuteman.

    Momentum Ignited: American Rebel Light Converts High-Profile Event Success into Tangible Retail Shelf Growth in the Southeastern USA.

    This expansion follows a series of high-impact distribution wins in Tennessee, Ohio, Kansas, and Indiana, and aligns with American Rebel’s board-endorsed strategy to accelerate national rollout and capitalize on motorsports and lifestyle marketing platforms.

    “North Carolina has shown up big for American Rebel Light—and we’re just getting started. From the roar of the engines at the Coca-Cola 600 to the thunderous support at the American Rebel Light NHRA Nationals, the fans made one thing clear: this is their beer. We were honored to be the #1 selling beer at the NHRA event at Charlotte Motor Speedway, and it’s a reflection of something bigger—patriotic Americans connecting with a brand that stands for what they believe in.” said Andy Ross, CEO American Rebel Holdings, Inc.

    With the new authorization and planned rollout through Minuteman Food Marts, we’re making it easier than ever for the proud residents of North Carolina to enjoy America’s Patriotic, God-Fearing, National Anthem-Singing, Stand Your Ground Beer—not just trackside, but in backyards, on porches, and around the grill all summer long. North Carolina loves Rebel Light, and Rebel Light loves North Carolina. With a growing footprint, a resonant brand message, and a product that delivers on taste and purpose, American Rebel Light is quickly becoming the beer of choice for freedom-loving Americans—on shelves, at events, and in the hearts of consumers nationwide.”

    This retail authorization strengthens American Rebel Light Beer’s growing footprint and aligns with broader marketing efforts that are driving national momentum. In tandem with new distribution wins, American Rebel Light has launched trackside sponsorships at select NHRA events, bringing the brand’s energy and values to motorsport fans across the country. These high-octane partnerships are further amplified by a FOX television commercial campaign debuting in Q3 2025—spotlighting the American Rebel lifestyle and reinforcing its big-brand look and feel and is driving brand awareness and consumer demand which will help solidify additional retail placements throughout the remainder of the year and for the important Spring 2026 retail reset process.

    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 now 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 the effectiveness of our rollout with MinuteMan, benefits of our continued sponsorship of high profile events, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2025. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Attachment

    The MIL Network

  • MIL-OSI: Mahindra Selects Cerence Audio AI to Power In-Car Voice Interaction in its Electric Origin SUVs

    Source: GlobeNewswire (MIL-OSI)

    BURLINGTON, Mass., July 01, 2025 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global industry leader in AI for transportation, today announced that Mahindra has selected Cerence Audio AI to enhance in-car interaction in its next-generation, electric, software-defined vehicles (SDVs), the first of their kind produced by an Indian automobile manufacturer.

    In November 2024, at the Unlimit India event in Chennai, Mahindra unveiled its electric-origin SUVs – BE 6 and XEV 9e, underpinned by the MAIA (Mahindra Artificial Intelligence Architecture), the most powerful mind in the automotive world built on next-gen domain architecture with ethernet backbone. MAIA integrates cutting-edge hardware and software to deliver an intelligent, connected, and personalized driving experience.

    Mahindra’s eSUV’s Artificial Intelligence Architecture will leverage Cerence Speech Signal Enhancement (SSE), part of the company’s Audio AI suite, to enable clear communication between drivers and passengers and the infotainment system. Cerence SSE delivers the latest in AI-based speech enhancement technology with advanced acoustic processing, including noise and echo cancelation. It combines advanced statistical signal processing algorithms with the latest machine learning technologies to provide superior performance with moderate CPU consumption. Cerence SSE is a comprehensive, hardware- and operating system-agnostic suite of sound processing technologies that significantly improve communication and recognition in noisy environments like in a moving car – particularly critical in India’s noisy road conditions.

    R. Velusamy, President – Automotive Product Development, Mahindra & Mahindra Ltd. and Joint Managing Director, Mahindra Electric Automobile Limited, said, “With the enhanced connectivity provided through MAIA, vehicle occupants will have incredible access to content and features on the road. Cerence SSE makes these content and features accessible, regardless of noisy driving conditions. By partnering with Cerence AI and leveraging their Audio AI solutions, we are ensuring that our electric origin SUVs hear drivers and passengers correctly and start each human-to-infotainment interaction off on the right foot, further enhancing the in-car experience.”

    “Cerence Speech Signal Enhancement is the foundation of meaningful interaction in the car, decreasing noise and therefore increasing the assistant’s ability to understand the user,” said Nils Schanz, EVP, Product & Technology, Cerence AI. “Accuracy of interactions and the assistant’s ability to understand what is being asked are critical to driving long-term usage and adoption of in-car assistants, and we are proud to partner with Mahindra to help create this with their drivers and passengers.”

    Cerence AI is a leading provider of automotive speech enhancement solutions for voice communication and advanced multi-zone voice assistants for automakers worldwide. In addition to its comprehensive suite of Audio AI solutions, the company also offers comprehensive qualification and certification services according to ITU-T and third-party requirements for hands-free solutions and voice assistants.

    For more information about Cerence’s Audio Ai suite, visit www.cerence.ai/cerence-products/audio-ai. To learn more about Cerence AI, visit www.cerence.ai, and follow the company on LinkedIn.

    About Cerence Inc.
    Cerence Inc. (NASDAQ: CRNC) is a global industry leader in creating intuitive, seamless, AI-powered experiences across automotive and transportation. Leveraging decades of innovation and expertise in voice, generative AI, and large language models, Cerence powers integrated experiences that create safer, more connected, and more enjoyable journeys for drivers and passengers alike. With more than 525 million cars shipped with Cerence technology, the company partners with leading automakers, transportation OEMs, and technology companies to advance the next generation of user experiences. Cerence is headquartered in Burlington, Massachusetts, with operations globally and a worldwide team dedicated to pushing the boundaries of AI innovation. For more information, visit www.cerence.ai.

    Contact Information
    Kate Hickman | Tel: 339-215-4583 | Email: kate.hickman@cerence.com

    The MIL Network

  • MIL-OSI NGOs: Greenpeace welcomes new global initiative to advance tax reform on the super-rich

    Source: Greenpeace Statement –

    Sevilla, Spain – Spain,  Brazil and South Africa today launched a coalition to advance work on taxing the super-rich at the 4th International Conference on Financing for Development in Sevilla. The coalition reaffirmed political commitments to pursue effective taxation of the super-rich. They also signalled growing support for international tax negotiations at the UN that are gaining momentum.

    In response, Fred Njehu, Global Political Lead for Greenpeace’s Fair Share campaign, said[1]: “Financing is urgently needed for climate action and public services, not for polluting space travel and luxury weddings. This new coalition of governments working to tax the super-rich adds to the growing global momentum to make the world’s wealthiest pay their fair share. People are fed up with billionaires’ greed eroding the environment and communities we depend on. It’s time for world leaders to listen and act.”

    Last week Greenpeace Italy together with UK Action group Everyone hates Elon unfolded a banner reading ‘If you can rent Venice for your wedding, you can pay more tax’ on Piazza San Marco, ahead of Jeff Bezos’s reportedly multi-million dollar wedding in Venice.

    In a survey commissioned by Greenpeace International and Oxfam International across 13 countries, 86% of respondents want governments to close tax loopholes that benefit the super-rich and international corporations, and to use the increased revenue for public services.[2] 

    “Ultimately, we urge world leaders to support the on-going UN Tax Convention process as a global multilateral platform that will shape and determine the future of taxation, one rooted in equity and justice,” added Njehu.

    ENDS

    Notes:

    [1] Fred Njehu is with Greenpeace Africa, based in Nairobi, Kenya.

    [2] The research was conducted by first-party data company Dynata in May-June, 2025, in Brazil, Canada, France, Germany, Kenya, Italy, India, Mexico, the Philippines, South Africa, Spain, the UK and the US, with approximately 1200 respondents in each country and a theoretical margin of error of approximately 2.83%. Together, these countries represent close to half the world’s population. Greenpeace / Oxfam – PPP survey results

    Contacts:

    Tal Harris, Global Media Lead – Stop Drilling Start Paying campaign, Greenpeace International. +41-782530550, [email protected]  

    Lee Kuen, Global Comms Lead – Fair Share campaign, Greenpeace International. +601112527489, [email protected]

    Greenpeace International Press Desk, +31 (0)20 718 2470 (available 24 hours), [email protected]

    MIL OSI NGO

  • President Murmu inaugurates Mahayogi Guru Gorakhnath AYUSH University

    Source: Government of India

    Source: Government of India (4)

    President Droupadi Murmu inaugurated the Mahayogi Guru Gorakhnath AYUSH University in Gorakhpur, Uttar Pradesh, on Tuesday, marking a significant milestone in the advancement of traditional medicine and medical education in India.

    Addressing the gathering, President Murmu described the university as a modern embodiment of India’s rich ancient healing traditions. She emphasized that the institution would greatly enhance access to quality healthcare through AYUSH systems, benefiting over 100 affiliated colleges and the broader public. The President also lauded the state-of-the-art facilities developed at the university, calling them a step forward in holistic healthcare.

    Reflecting on her own journey in public life, the President spoke of the importance of selfless service and praised Uttar Pradesh Chief Minister Yogi Adityanath for his efforts in improving health, education, and agricultural infrastructure in the region. She urged healthcare professionals to uphold their responsibilities and remain true to their commitments of public welfare.

    Underscoring the significance of preventive care and healthy living, President Murmu advocated the regular practice of yoga, especially for those leading sedentary lifestyles. She stressed that embracing wellness through ancient Indian systems like Ayurveda, Yoga, Naturopathy, and Siddha was essential for building a healthier nation and contributing to India’s goal of becoming a developed country by 2047.

    Highlighting India’s natural wealth of medicinal plants and herbs, she called AYUSH a “precious gift” to the world. She expressed confidence that institutions like the Mahayogi Guru Gorakhnath AYUSH University would play a vital role in increasing the scientific validation and global popularity of traditional medicine systems.

  • President Murmu inaugurates Mahayogi Guru Gorakhnath AYUSH University

    Source: Government of India

    Source: Government of India (4)

    President Droupadi Murmu inaugurated the Mahayogi Guru Gorakhnath AYUSH University in Gorakhpur, Uttar Pradesh, on Tuesday, marking a significant milestone in the advancement of traditional medicine and medical education in India.

    Addressing the gathering, President Murmu described the university as a modern embodiment of India’s rich ancient healing traditions. She emphasized that the institution would greatly enhance access to quality healthcare through AYUSH systems, benefiting over 100 affiliated colleges and the broader public. The President also lauded the state-of-the-art facilities developed at the university, calling them a step forward in holistic healthcare.

    Reflecting on her own journey in public life, the President spoke of the importance of selfless service and praised Uttar Pradesh Chief Minister Yogi Adityanath for his efforts in improving health, education, and agricultural infrastructure in the region. She urged healthcare professionals to uphold their responsibilities and remain true to their commitments of public welfare.

    Underscoring the significance of preventive care and healthy living, President Murmu advocated the regular practice of yoga, especially for those leading sedentary lifestyles. She stressed that embracing wellness through ancient Indian systems like Ayurveda, Yoga, Naturopathy, and Siddha was essential for building a healthier nation and contributing to India’s goal of becoming a developed country by 2047.

    Highlighting India’s natural wealth of medicinal plants and herbs, she called AYUSH a “precious gift” to the world. She expressed confidence that institutions like the Mahayogi Guru Gorakhnath AYUSH University would play a vital role in increasing the scientific validation and global popularity of traditional medicine systems.

  • Cabinet clears ₹1 lakh crore RDI Scheme to boost private sector-led innovation

    Source: Government of India

    Source: Government of India (4)

    In a move aimed at strengthening India’s research and innovation ecosystem, the Union Cabinet on Tuesday approved the Research Development and Innovation (RDI) Scheme, with a total outlay of ₹1 lakh crore. The scheme is designed to encourage greater private sector participation in research and innovation, particularly in strategic and sunrise sectors.

    The RDI Scheme seeks to provide long-term financing or refinancing to private companies at low or nil interest rates. Officials said the scheme addresses the persistent funding constraints faced by the private sector in taking up research projects, and aims to provide growth and risk capital for critical and emerging technologies. The government hopes this will promote technological adoption, enhance global competitiveness, and contribute to economic security and self-reliance.

    Under the scheme, projects at higher levels of Technology Readiness Levels (TRL) will receive funding, and support will also be extended for the acquisition of critical or strategically important technologies. The scheme will also facilitate the creation of a Deep-Tech Fund of Funds to back technology-focused ventures.

    The Research Development and Innovation Scheme will operate through a two-tier funding structure. At the first level, a Special Purpose Fund (SPF) will be set up within the Anusandhan National Research Foundation (ANRF), which will act as the custodian of the corpus. Funds from the SPF will then be allocated to various second-level fund managers, which will provide long-term concessional loans or, in some cases, equity funding—particularly for startups.

    The overarching strategic direction of the scheme will be provided by the Governing Board of the ANRF, chaired by the Prime Minister. The Executive Council of the ANRF will be responsible for approving guidelines and identifying second-level fund managers and projects in sunrise sectors. An Empowered Group of Secretaries, headed by the Cabinet Secretary, will oversee the scheme’s implementation, review its performance, and make decisions on sectors, project types, and fund managers. The Department of Science and Technology will serve as the nodal department for executing the scheme.

     

  • Cabinet clears ₹1 lakh crore RDI Scheme to boost private sector-led innovation

    Source: Government of India

    Source: Government of India (4)

    In a move aimed at strengthening India’s research and innovation ecosystem, the Union Cabinet on Tuesday approved the Research Development and Innovation (RDI) Scheme, with a total outlay of ₹1 lakh crore. The scheme is designed to encourage greater private sector participation in research and innovation, particularly in strategic and sunrise sectors.

    The RDI Scheme seeks to provide long-term financing or refinancing to private companies at low or nil interest rates. Officials said the scheme addresses the persistent funding constraints faced by the private sector in taking up research projects, and aims to provide growth and risk capital for critical and emerging technologies. The government hopes this will promote technological adoption, enhance global competitiveness, and contribute to economic security and self-reliance.

    Under the scheme, projects at higher levels of Technology Readiness Levels (TRL) will receive funding, and support will also be extended for the acquisition of critical or strategically important technologies. The scheme will also facilitate the creation of a Deep-Tech Fund of Funds to back technology-focused ventures.

    The Research Development and Innovation Scheme will operate through a two-tier funding structure. At the first level, a Special Purpose Fund (SPF) will be set up within the Anusandhan National Research Foundation (ANRF), which will act as the custodian of the corpus. Funds from the SPF will then be allocated to various second-level fund managers, which will provide long-term concessional loans or, in some cases, equity funding—particularly for startups.

    The overarching strategic direction of the scheme will be provided by the Governing Board of the ANRF, chaired by the Prime Minister. The Executive Council of the ANRF will be responsible for approving guidelines and identifying second-level fund managers and projects in sunrise sectors. An Empowered Group of Secretaries, headed by the Cabinet Secretary, will oversee the scheme’s implementation, review its performance, and make decisions on sectors, project types, and fund managers. The Department of Science and Technology will serve as the nodal department for executing the scheme.

     

  • Cabinet nod for ELI scheme to create over 3.5 crore jobs

    Source: Government of India

    Source: Government of India (4)

    The Union Cabinet on Tuesday gave its nod to the Employment Linked Incentive (ELI) Scheme aimed at encouraging large-scale job creation and strengthening social security for the country’s workforce.

    The ELI Scheme, which was announced in the Union Budget 2024–25 as part of the Prime Minister’s package of five schemes for youth employment and skilling, has a total budget outlay of Rs 99,446 crore. It targets the creation of over 3.5 crore jobs within two years, with benefits applicable for employment generated between August 1, 2025, and July 31, 2027. Of the total employment target, 1.92 crore beneficiaries are expected to be first-time entrants into the workforce.

    The scheme comprises two key components. Under the first component, first-time employees registered with the Employees’ Provident Fund Organisation (EPFO) will receive a direct incentive equivalent to one month’s wage, capped at Rs 15,000, paid in two instalments. Eligible employees with monthly salaries up to Rs 1 lakh will receive the first instalment after six months of continuous service and the second instalment after twelve months, subject to completion of a financial literacy programme. To encourage saving habits, a part of the incentive will be held in a fixed deposit or savings instrument, which can be accessed by the employee at a later stage.

    The second component focuses on incentivising employers to create additional jobs across sectors, with added benefits for the manufacturing industry. Employers registered with the EPFO will receive up to Rs 3,000 per month for each new employee retained for at least six months. The incentive varies according to the wage slab, with employers receiving Rs 1,000 per month for employees earning up to Rs 10,000, Rs 2,000 for those earning between Rs 10,000 and Rs 20,000, and Rs 3,000 for those with wages above Rs 20,000 but within the Rs 1 lakh limit. For establishments with fewer than 50 employees, at least two new hires must be made to qualify for the incentive, while larger establishments must hire at least five. In the case of the manufacturing sector, the benefits for employers will extend up to four years.

    Payments to first-time employees will be made through Direct Benefit Transfer using the Aadhaar Bridge Payment System, while payments to employers will be credited directly to their PAN-linked bank accounts.

    The ELI Scheme is part of the government’s broader push to facilitate employment and skill development for 4.1 crore young people under the budgeted allocation of Rs 2 lakh crore. Apart from boosting job opportunities, the scheme is expected to advance the formalisation of the workforce by extending social security cover to millions of youth entering the organised sector for the first time.

  • MIL-OSI: Automotive Tire Pressure Monitoring System Market Set to Hit USD 8.94 Billion in 2024, Accelerating Ahead with a Robust 12.91% CAGR Through 2032 | AnalystView Market Insights

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, USA, July 01, 2025 (GLOBE NEWSWIRE) — Market Dynamics

    The Automotive Tire Pressure Monitoring System (TPMS) market was valued at US$ 8,940.29 million in 2024 and is projected to grow at a robust CAGR of 12.91% from 2025 to 2032, reflecting increasing global emphasis on vehicle safety and performance. This impressive growth trajectory is fueled by a combination of regulatory mandates and consumer demand for enhanced driving safety. As underinflated tires contribute to poor fuel efficiency, tire wear, and accident risk, TPMS is becoming a crucial component in modern vehicles.

    Regulatory mandates across developed economies such as the United States, European Union, Japan, and China have made TPMS installation mandatory in all new vehicles. These regulations are significantly propelling market demand, particularly for Direct TPMS (DTPMS), which offers higher accuracy compared to Indirect TPMS (ITPMS). Furthermore, with the rise in global vehicle production and sales, especially in emerging markets where automotive demand is rapidly increasing, the adoption of Tire Pressure Monitoring Systems (TPMS) as a standard safety feature is becoming more widespread. In 2022, global motor vehicle production reached 85.4 million units, marking a 5.7% increase from 2021, according to the European Automobile Manufacturers Association. Many countries have introduced regulatory mandates requiring TPMS installation to enhance road safety by providing drivers with real-time tire pressure information, thereby reducing the risk of accidents caused by underinflated tires.

    Unlock exclusive insights with our detailed sample report (Please enter your Corporate Email ID to get priority access@ https://www.analystviewmarketinsights.com/request_sample/AV4027

    Key Attributes:

    Report Attributes Details
    No. of Pages 269
    Forecast Period 2025 – 2032
    Estimated Market Value (USD) in 2025 $8,940.29 Million
    Compound Annual Growth Rate (CAGR) 12.91%
    Regions Covered North America (U.S., and Canada)
    Europe (Germany, UK, France, Italy, Spain, The Netherlands, Sweden, Russia, Poland, Rest of Europe)
    Asia Pacific (China, India, Japan, South Korea, Australia, Indonesia, Thailand, Philippines, Rest of APAC)
    Latin America (Brazil, Mexico, Argentina, Colombia, Rest of LATAM)
    The Middle East and Africa (Saudi Arabia, UAE, Israel, Turkey, Algeria, Egypt, Rest of MEA)

    Key Drivers

    1. Stringent Safety Regulations:
      Government regulations worldwide mandating the use of TPMS in new vehicles are a major growth driver. For instance, the U.S. National Highway Traffic Safety Administration (NHTSA) requires TPMS in all passenger vehicles sold post-2007. Similarly, the European Union and countries like China, South Korea, and Japan have enforced comparable safety mandates, accelerating market adoption.
    2. Increasing Focus on Fuel Efficiency:
      Properly inflated tires reduce rolling resistance, which leads to better fuel efficiency. As consumers and fleet operators look to cut fuel costs, TPMS has become a vital tool. In commercial fleets, particularly, optimizing tire pressure can result in substantial savings on fuel and tire maintenance.
    3. Growing Vehicle Production:
      The post-pandemic recovery of the global automotive industry and the continued expansion of electric vehicle (EV) production contribute significantly to TPMS demand. EVs, often equipped with the latest safety tech, are more likely to include TPMS as a standard feature.
    4. Technological Advancements:
      The market is witnessing innovations such as battery-less TPMS, wireless sensors, and systems integrated with advanced driver-assistance systems (ADAS). These enhancements not only improve system reliability but also reduce maintenance requirements, making TPMS more appealing to OEMs and consumers alike.

    Restraints

    1. High Initial Costs:
      TPMS, especially direct systems with individual sensors on each tire, can increase the overall vehicle cost. This price sensitivity is a significant deterrent in cost-conscious markets, particularly in entry-level and budget vehicle segments.
    2. Maintenance and Repair Challenges:
      TPMS components are prone to damage during tire replacement or servicing. Additionally, battery-powered sensors have a limited lifespan, typically around 5-10 years, which may require costly replacements.
    3. Lack of Consumer Awareness in Developing Markets:
      In regions such as parts of Africa, Southeast Asia, and Latin America, awareness regarding the benefits of TPMS is relatively low. This hampers adoption, despite the system’s proven advantages in safety and efficiency.

    Opportunities

    1. Aftermarket Growth:
      The aftermarket TPMS segment presents vast potential, especially as older vehicles are retrofitted to meet safety standards or improve performance. Rising e-commerce penetration is also making it easier for consumers to purchase and install aftermarket solutions.
    2. Electric and Autonomous Vehicles:
      The rising trend of connected vehicles, EVs, and autonomous cars paves the way for more sophisticated tire pressure and health monitoring systems. Manufacturers are developing smart TPMS integrated with telematics and real-time data analytics, providing broader vehicle management capabilities.

    Market segmentation :

    GLOBAL AUTOMOTIVE TIRE PRESSURE MONITORING SYSTEM MARKET, BY PRODUCT TYPE- MARKET ANALYSIS, 2019 – 2032

    • Direct
    • Indirect

    GLOBAL AUTOMOTIVE TIRE PRESSURE MONITORING SYSTEM MARKET, BY VEHICLE TYPE- MARKET ANALYSIS, 2019 – 2032

    • Passenger Vehicles
    • Commercial Vehicles

    GLOBAL AUTOMOTIVE TIRE PRESSURE MONITORING SYSTEM MARKET, BY COMPONENT- MARKET ANALYSIS, 2019 – 2032

    • Sensors
    • Transmitters
    • Receivers
    • Display Units
    • Control Units

    GLOBAL AUTOMOTIVE TIRE PRESSURE MONITORING SYSTEM MARKET, BY SALES CHANNEL- MARKET ANALYSIS, 2019 – 2032

    • OEM
    • Aftermarket

    Regional Insights

    North America

    North America remains a leading market for TPMS, primarily driven by regulatory enforcement and high consumer awareness. The U.S. is the dominant player due to early legislation mandating TPMS and widespread OEM adoption. The region is also a hotspot for aftermarket sales, supported by a well-established automotive service ecosystem.

    Europe

    Europe follows closely, with countries like Germany, France, and the U.K. leading TPMS penetration. The region’s strong focus on vehicle safety and environmental concerns (such as CO2 emission reduction) has fostered widespread TPMS adoption. Moreover, the European Union’s General Safety Regulation (GSR) continues to enforce TPMS requirements across all new vehicle segments.

    Asia-Pacific

    The Asia-Pacific region, led by China, Japan, South Korea, and India, is emerging as the fastest-growing market. China’s TPMS mandate for new vehicles starting 2019 has significantly boosted local demand. Additionally, rising disposable incomes, rapid urbanization, and growing automotive manufacturing hubs in India and Southeast Asia offer enormous growth potential. However, aftermarket awareness and infrastructure still lag behind developed markets.

    Latin America & Middle East Africa

    These regions are in the nascent stages of TPMS adoption. While vehicle ownership is rising, the lack of strict safety norms and consumer education limits the market. Nonetheless, growing automotive imports and gradual economic development are creating long-term opportunities.

     Looking For a Detailed Full Report? Please review it here @ https://www.analystviewmarketinsights.com/reports/report-highlight-automotive-tire-pressure-monitoring-system-market

    Reasons to Invest in the TPMS Market

    1. Global Regulatory Support:
      With safety becoming non-negotiable, TPMS has become a compliance requirement in many parts of the world. Investors can bank on this long-term regulatory support driving consistent demand.
    2. EV Integration and Smart Mobility:
      As electric and smart vehicles become mainstream, integrated TPMS solutions are evolving. These systems go beyond just pressure monitoring—providing tire temperature, wear analysis, and real-time alerts through mobile apps or vehicle dashboards. The synergy with ADAS and IoT provides avenues for value-added services and recurring revenue.
    3. High Growth Potential in Aftermarket:
      Millions of vehicles worldwide still operate without TPMS. This opens a vast aftermarket potential, especially in regions where regulations have recently come into effect or are under proposal. Startups and component suppliers focusing on plug-and-play solutions can capitalize on this underserved segment.
    4. Rising OEM Collaborations and Strategic Partnerships:
      Tier-1 suppliers are collaborating with vehicle manufacturers to embed next-gen TPMS as part of their safety and telematics packages. This trend ensures steady B2B revenue streams and fosters innovation in customized solutions.
    5. Advancements in Sensor Technology:
      The evolution of MEMS (Micro-Electro-Mechanical Systems) and sensor miniaturization is reducing costs while improving performance. This technological edge is lowering entry barriers for new players and making TPMS feasible even for low-cost vehicles.
    6. Fleet Management Optimization:
      For commercial fleets, TPMS offers tangible benefits in maintenance planning, fuel efficiency, and downtime reduction. As logistics and transport companies digitize operations, TPMS becomes an integral component of their fleet health systems—driving up volume demand.

    Related Links

    Wafer-Level Chip Scale Package Market

    Silicon on Insulator Market

    Semiconductor Gas Delivery System Market

    Rapid Thermal Processing Equipment Market

    Plasma Etching Equipment Market  

    The MIL Network

  • Sensex, Nifty end with slight gains as investors remain cautious

    Source: Government of India

    Source: Government of India (4)

    The Indian stock markets ended flat with a slight positive bias on Tuesday, as investors stayed cautious ahead of the US reciprocal tariff deadline on July 8.

    The focus remained on trade negotiations between India and the United States, with a potential trade deal expected this week.

    After touching an intraday high of 83,874.29, the Sensex finally closed at 83,697.29, gaining 90.83 points or 0.11 per cent.

    Similarly, the Nifty added 24.75 points, or 0.1 per cent, to settle at 25,541.8.

    Among the 30-share index, BEL emerged as the top gainer, closing 2.51 per cent higher. Other notable gainers included Asian Paints, Kotak Mahindra Bank, HDFC Bank, Infosys, Titan, and Bharti Airtel.

    On the flip side, Axis Bank, Trent, Eternal (formerly Zomato), Tech Mahindra, ICICI Bank, and TCS were among the top losers.

    The broader market showed mixed signals. The Nifty Midcap100 index ended flat, while the Nifty Smallcap100 slipped slightly, down 0.10 per cent.

    Among sectoral indices, Nifty PSU Bank, Metal, Oil & Gas, Consumer Durables, Healthcare, and Pharma closed in the green. However, sectors like Auto, IT, Energy, FMCG, Media, and Realty declined.

    The total market capitalisation of all listed companies on the NSE stood at Rs 5.36 trillion.

    On the volatility front, the India VIX — which measures market uncertainty — dropped 2.01 per cent to close at 12.5, indicating reduced fear among investors.

    Gold traded positive as continued dollar weakness supported prices. Comex Gold surged by $30 to $3,345, while MCX Gold rose by Rs 1,200 to settle around Rs 97,300.

    “The sentiment remains buoyant this week, driven by expectations around key US economic data, particularly the Non-Farm Payrolls, unemployment figures, and ADP non-farm employment change,” said Jateen Trivedi of LKP Securities.

    Additionally, the rupee traded positive, gaining 0.28 per cent to close at 85.51, supported by a weaker Dollar Index trading below 97.00 and sustained weakness in crude oil prices.

    “Rupee is expected to trade in a range of 85.20 to 85.80,” Trivedi added.

    -IANS

  • Union Cabinet approves Rs 1,853 crore 4-lane highway project in Tamil Nadu

    Source: Government of India

    Source: Government of India (4)

    The Union Cabinet on Tuesday approved the construction of a 4-lane highway between Paramakudi and Ramanathapuram in Tamil Nadu, covering a stretch of 46.7 km along National Highway 87 (NH-87). The project, estimated at ₹1,853 crore, will be developed under the Hybrid Annuity Mode (HAM).

    The upgraded highway aims to ease congestion along the busy Madurai–Rameshwaram corridor, which currently relies on a 2-lane NH-87 and adjoining state highways. The new 4-lane section will enhance safety, improve traffic flow, and support the growing mobility needs of rapidly developing towns such as Paramakudi, Sathirakudi, Achundanvayal, and Ramanathapuram.

    Strategically designed, the alignment connects with five major National Highways and three State Highways, ensuring seamless travel across southern Tamil Nadu. The corridor also links with key multi-modal transport hubs, including Madurai and Rameshwaram railway stations, Madurai Airport, and the ports of Pamban and Rameshwaram.

    Once completed, the project is expected to significantly boost regional trade, tourism—especially to pilgrimage sites like Rameshwaram and Dhanushkodi—and economic development. It is also projected to generate 8.4 lakh person-days of direct employment and 10.45 lakh person-days of indirect employment, contributing to inclusive growth in the region.

  • Union Cabinet approves National Sports Policy 2025

    Source: Government of India

    Source: Government of India (4)

    In a move aimed at transforming India’s sporting ecosystem, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the National Sports Policy (NSP) 2025. The policy replaces the National Sports Policy of 2001 and sets a comprehensive roadmap to establish India as a leading sporting nation, with a particular focus on preparing for the 2036 Olympic Games.

    The National Sports Policy 2025 is the culmination of extensive consultations involving Central Ministries, NITI Aayog, State Governments, National Sports Federations, athletes, experts, and public stakeholders. It lays out a strategic framework for developing sports in the country across multiple dimensions, including excellence, economic growth, social development, mass participation, and educational integration.

    The policy aims to strengthen India’s sports ecosystem from grassroots to elite levels, focusing on early talent identification, building competitive leagues, expanding infrastructure in rural and urban areas, and enhancing training, coaching, and athlete support systems. It also seeks to modernize governance within National Sports Federations and promote the use of sports science, medicine, and technology to boost performance.

    Recognizing the economic potential of sports, the policy promotes sports tourism, international event hosting, and the development of a robust sports manufacturing and startup ecosystem. It calls for greater private sector participation through Public-Private Partnerships, Corporate Social Responsibility initiatives, and innovative financing mechanisms.

    Social inclusion is another key pillar, with targeted programs to increase sports participation among women, tribal communities, economically weaker sections, and persons with disabilities. The policy also aims to revive indigenous and traditional games, promote dual-career pathways, and engage the Indian diaspora through sports.

    To foster a culture of fitness and make sports a mass movement, National Sports Policy 2025 proposes nationwide campaigns, the introduction of fitness indices in schools and workplaces, and improved access to sports facilities. In line with the National Education Policy 2020, it emphasizes integrating sports into school curricula and equipping educators with specialized training.

    The policy outlines a robust implementation strategy, including a national monitoring framework with defined performance benchmarks and timelines. It will serve as a model for states and union territories to align their sports policies with national goals. The “whole-of-government” approach aims to mainstream sports across various departments and schemes, ensuring a unified and impactful strategy.

    With this ambitious and forward-looking policy, the government aims to position India not only as a global sporting powerhouse but also to promote healthier, more inclusive, and empowered citizens through sports.

  • Union Cabinet approves National Sports Policy 2025

    Source: Government of India

    Source: Government of India (4)

    In a move aimed at transforming India’s sporting ecosystem, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the National Sports Policy (NSP) 2025. The policy replaces the National Sports Policy of 2001 and sets a comprehensive roadmap to establish India as a leading sporting nation, with a particular focus on preparing for the 2036 Olympic Games.

    The National Sports Policy 2025 is the culmination of extensive consultations involving Central Ministries, NITI Aayog, State Governments, National Sports Federations, athletes, experts, and public stakeholders. It lays out a strategic framework for developing sports in the country across multiple dimensions, including excellence, economic growth, social development, mass participation, and educational integration.

    The policy aims to strengthen India’s sports ecosystem from grassroots to elite levels, focusing on early talent identification, building competitive leagues, expanding infrastructure in rural and urban areas, and enhancing training, coaching, and athlete support systems. It also seeks to modernize governance within National Sports Federations and promote the use of sports science, medicine, and technology to boost performance.

    Recognizing the economic potential of sports, the policy promotes sports tourism, international event hosting, and the development of a robust sports manufacturing and startup ecosystem. It calls for greater private sector participation through Public-Private Partnerships, Corporate Social Responsibility initiatives, and innovative financing mechanisms.

    Social inclusion is another key pillar, with targeted programs to increase sports participation among women, tribal communities, economically weaker sections, and persons with disabilities. The policy also aims to revive indigenous and traditional games, promote dual-career pathways, and engage the Indian diaspora through sports.

    To foster a culture of fitness and make sports a mass movement, National Sports Policy 2025 proposes nationwide campaigns, the introduction of fitness indices in schools and workplaces, and improved access to sports facilities. In line with the National Education Policy 2020, it emphasizes integrating sports into school curricula and equipping educators with specialized training.

    The policy outlines a robust implementation strategy, including a national monitoring framework with defined performance benchmarks and timelines. It will serve as a model for states and union territories to align their sports policies with national goals. The “whole-of-government” approach aims to mainstream sports across various departments and schemes, ensuring a unified and impactful strategy.

    With this ambitious and forward-looking policy, the government aims to position India not only as a global sporting powerhouse but also to promote healthier, more inclusive, and empowered citizens through sports.

  • Railways launches ‘RailOne’ app as one-stop solution for passenger services

    Source: Government of India

    Source: Government of India (4)

    In a major step toward enhancing passenger experience, Union Railway Minister Ashwini Vaishnaw on Tuesday launched the ‘RailOne’ app at the India Habitat Centre in New Delhi, marking the 40th Foundation Day of the Centre for Railway Information Systems (CRIS). Designed to be a comprehensive, all-in-one platform, the RailOne app aims to streamline and simplify access to a range of railway passenger services through a user-friendly interface.

    Available on both Android and iOS platforms, the RailOne app integrates key services such as booking unreserved and platform tickets with a 3% discount, live train tracking, grievance redressal, e-catering, porter booking, and last-mile taxi services. While reserved ticket bookings will continue through the Indian Railway Catering and Tourism Corporation platform, RailOne is authorized by IRCTC and joins a list of partner apps offering railway services.

    The app supports single sign-on via mPIN or biometric login and allows seamless access using existing RailConnect and UTS credentials, eliminating the need for multiple apps and offering a space-saving solution for users.

    Speaking at the event, Vaishnaw praised the CRIS team for their continued efforts in strengthening Indian Railways’ digital infrastructure. He also provided updates on the development of the Modern Passenger Reservation System (PRS), expected to be launched by December 2025. The upgraded PRS will be multilingual, agile, and scalable, with the capacity to handle up to 1.5 lakh ticket bookings and 40 lakh enquiries per minute. It will include advanced features like seat selection, fare calendar, and dedicated options for Divyangjan, students, and patients, among others.

    The launch of RailOne, along with the upcoming modernization of PRS, underscores Indian Railways’ commitment to leveraging technology for inclusive, efficient, and world-class passenger services. The initiative aligns with Prime Minister Narendra Modi’s vision of transforming Indian Railways into the engine of India’s development journey.