Source: Government of Canada News
This year marks 30 years since the House of Commons officially recognized February as Black History Month in Canada. Throughout the month of February and all-year round, I am honoured to recognize and celebrate the history, culture, and contributions of Black Canadians, including Black Defence Team members.
Source: Government of Canada News
The CRTC is committing over $14 million to CityWest Cable and Telephone Corp. to build approximately 250 kilometres of new transport fibre infrastructure. This project will connect the communities of Jade City and Good Hope Lake (Dease River) in British Columbia and Upper Liard in the Yukon to high-speed Internet.
Source: Government of Canada News
The Honourable Ya’ara Saks, Federal Minister of Mental Health and Addictions and Associate Minister of Health, and the Honourable Brian Comer, Nova Scotia’s Minister of Addictions and Mental Health, will make an announcement to improve community mental health supports in Nova Scotia.
Source: Government of India
Posted On: 03 FEB 2025 2:32PM by PIB Delhi
The Prime Minister today congratulated musician Chandrika Tandon on winning Grammy award for the album Triveni. He commended her passion towards Indian culture and accomplishments as an entrepreneur, philanthropist and musician.
In a post on X, he wrote:
“Congratulations to @chandrikatandon on winning the Grammy for the album Triveni. We take great pride in her accomplishments as an entrepreneur, philanthropist and ofcourse, music! It is commendable how she has remained passionate about Indian culture and has been working to popularise it. She is an inspiration for several people.
I fondly recall meeting her in New York in 2023.”
Congratulations to @chandrikatandon on winning the Grammy for the album Triveni. We take great pride in her accomplishments as an entrepreneur, philanthropist and ofcourse, music! It is commendable how she has remained passionate about Indian culture and has been working to…
— Narendra Modi (@narendramodi) February 3, 2025
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MJPS/SR
(Release ID: 2099101) Visitor Counter : 40
Source: Hong Kong Government special administrative region
The Census and Statistics Department (C&SD) released today (February 3) the advance estimates on Gross Domestic Product (GDP) for the fourth quarter and the whole year of 2024.
According to the advance estimates, GDP increased by 2.4% in real terms in the fourth quarter of 2024 over a year earlier, compared with the increase of 1.9% in the third quarter. For 2024 as a whole, GDP increased by 2.5% in real terms over 2023.
Analysed by major GDP component, private consumption expenditure (PCE) decreased by 0.2% in real terms in the fourth quarter of 2024 from a year earlier, narrowed from the decrease of 1.3% in the third quarter. For 2024 as a whole, PCE decreased by 0.6% in real terms from 2023.
Government consumption expenditure (GCE) measured in national accounts terms recorded an increase of 1.9% in real terms in the fourth quarter of 2024 over a year earlier, compared with the increase of 1.7% in the third quarter. For 2024 as a whole, GCE increased by 0.9% in real terms over 2023.
Gross domestic fixed capital formation (GDFCF) decreased by 0.9% in real terms in the fourth quarter of 2024 from a year earlier, as against the increase of 5.7% in the third quarter. For 2024 as a whole, GDFCF increased by 2.4% in real terms over 2023.
Over the same period, total exports of goods measured in national accounts terms recorded an increase of 1.2% in real terms over a year earlier, moderated from the increase of 4.0% in the third quarter. Imports of goods measured in national accounts terms grew by 0.1% in real terms in the fourth quarter of 2024, compared with the increase of 2.8% in the third quarter. For 2024 as a whole, total exports of goods and imports of goods recorded increases of 4.7% and 2.3% respectively in real terms over 2023.
Exports of services rose further by 5.6% in real terms in the fourth quarter of 2024 over a year earlier, after the increase of 2.9% in the third quarter. Imports of services increased by 8.7% in real terms in the fourth quarter of 2024, compared with the increase of 8.9% in the third quarter. For 2024 as a whole, exports of services and imports of services recorded increases of 4.8% and 11.8% respectively in real terms over 2023.
On a seasonally adjusted quarter-to-quarter comparison basis, GDP increased by 0.8% in real terms in the fourth quarter of 2024 when compared with the third quarter.
Commentary
A Government spokesman said that the Hong Kong economy grew at an accelerated pace in the fourth quarter of 2024 over a year earlier. According to the advance estimates, real GDP expanded by 2.4% year-on-year in the fourth quarter. On a seasonally adjusted quarter-to-quarter basis, real GDP turned to growth of 0.8%.
For 2024 as a whole, real GDP posted moderate growth of 2.5%, further to 3.2% growth in 2023. Total exports of goods resumed growth amid improved external demand. Exports of services continued to increase, driven by further growth of visitor arrivals and improvement in other cross-border economic activities. Overall investment expenditure showed a further increase as the economy continued to expand. However, private consumption expenditure recorded a slight decline, affected by the change in residents’ consumption patterns.
Looking ahead, the Hong Kong economy is expected to register further growth in 2025 despite heightened uncertainties in the external environment. Trade protectionist policies implemented by the US may disrupt global trade flows and adversely affect Hong Kong’s goods exports. They may also lead to a slower pace of interest rate cuts in the US and keep the Hong Kong dollar strong for longer. Nevertheless, the Mainland’s proactive policy to boost its economy will help bolster market confidence and benefit a wide spectrum of economic segments in Hong Kong. The Central Government’s various measures benefitting Hong Kong, coupled with the SAR Government’s wide range of initiatives to promote economic growth, will also provide support to various economic activities.
The revised figures on GDP and more detailed statistics for the fourth quarter and the whole year of 2024, as well as the real GDP growth forecast for 2025 will be released on February 26, 2025 when the 2025-26 Budget is announced.
Further information
The year-on-year percentage changes of GDP and selected major expenditure components in real terms from the fourth quarter of 2023 to the fourth quarter of 2024 are shown in Table 1.
When more data become available, the C&SD will compile revised figures on GDP. The revised figures on GDP and more detailed statistics for the fourth quarter and the whole year of 2024 will be released at the C&SD website (www.censtatd.gov.hk/en/scode250.html) and the Gross Domestic Product by Expenditure Component report (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1030001&scode=250) on February 26, 2025.
For enquiries about statistics on GDP by expenditure component, please contact the National Income Branch (1) of the C&SD (Tel: 2582 5077 or email: gdp-e@censtatd.gov.hk).
Source: Hong Kong Government special administrative region
Survey on Small and Medium-Sized Enterprises’ Credit Conditions for fourth quarter 2024
Survey on Small and Medium-Sized Enterprises’ Credit Conditions for fourth quarter 2024
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The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) published today (February 3) the results of Survey on Small and Medium-Sized Enterprises (SMEs)’ Credit Conditions for the fourth quarter of 2024. According to the survey, SMEs’ credit conditions remained broadly stable. Regarding SMEs’ perception of banks’ credit approval stance relative to 6 months ago, excluding respondents who answered “no idea/ don’t know”, 70 per cent perceived a “similar” or “easier” credit approval stance in the fourth quarter of 2024, down from 76 per cent in the previous quarter (Chart 1 in the Annex). 30 per cent perceived a “more difficult” credit approval stance, compared to 24 per cent in the previous quarter. The perception of a more difficult credit approval stance may not necessarily reflect actual difficulties faced by SMEs in obtaining bank credit as the perception could be affected by a number of factors, such as media/news reports, business conditions and opinions of relatives and friends. Among respondents with existing credit lines, 0 per cent reported a “tighter” banks’ stance, down further from 1 per cent in the previous quarter (Chart 2 in the Annex). In this survey, a tighter stance on existing credit lines denotes a range of possible measures or arrangements, such as reducing unused and used credit lines, raising the interest rate, imposing additional collateral requirements, or shortening loan tenor. Therefore, respondents’ indication of banks’ stance on existing credit lines may not directly reflect banks’ supply of credit to SMEs. The survey also gauged the results of new credit applications from SMEs. 4 per cent of the respondents reported that they had applied for new bank credit during the fourth quarter of 2024. Among the respondents who had already known their application outcomes, 77 per cent reported fully or partially successful applications, down from 79 per cent in the previous quarter (Chart 3 in the Annex). Owing to small sample sizes of SMEs with existing credit lines (26 per cent of surveyed SMEs) and with new credit applications (4 per cent of surveyed SMEs) during the quarter, the results could be prone to large fluctuations, and hence should be interpreted with care.About Survey on Small and Medium-Sized Enterprises (SMEs)’ Credit Conditions In light of the importance of SMEs to the Hong Kong economy and concerns about potential funding difficulties facing SMEs over the past few years, the HKMA has appointed the Hong Kong Productivity Council (HKPC) to carry out this survey, starting from the third quarter of 2016. This survey is conducted on a quarterly basis, covering about 2 500 SMEs from different economic sectors each time. The results of this survey can help monitor the development of SMEs’ access to bank credit from a demand-side perspective. The results of this survey should be interpreted with caution. Similar to other opinion surveys, views collected in this survey may be affected by changes in sentiment due to idiosyncratic events that occurred over the survey period, which can make the results prone to fluctuations. Readers are advised to interpret the results together with other economic and financial information. In addition, views collected are limited to the expected direction of inter-quarter changes (e.g. “tighter”, “no change” or “easier”) without providing information about the magnitude of these changes. Detailed tables and technical information of this survey are published on the website of the HKPC (smecc.hkpc.org).
Ends/Monday, February 3, 2025Issued at HKT 16:30
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Source: Hong Kong Government special administrative region
The Census and Statistics Department (C&SD) released the latest figures on retail sales today (February 3).
The value of total retail sales in December 2024, provisionally estimated at $32.8 billion, decreased by 9.7% compared with the same month in 2023. The revised estimate of the value of total retail sales in November 2024 decreased by 7.3% compared with a year earlier.
Of the total retail sales value in December 2024, online sales accounted for 7.2%. The value of online retail sales in that month, provisionally estimated at $2.4 billion, decreased by 17.2% compared with the same month in 2023. The revised estimate of online retail sales in November 2024 decreased by 7.2% compared with a year earlier.
After netting out the effect of price changes over the same period, the provisional estimate of the volume of total retail sales in December 2024 decreased by 11.5% compared with a year earlier. The revised estimate of the volume of total retail sales in November 2024 decreased by 8.4% compared with a year earlier.
Analysed by broad type of retail outlet in descending order of the provisional estimate of the value of sales and comparing December 2024 with December 2023, the value of sales of jewellery, watches and clocks, and valuable gifts decreased by 13.8%. This was followed by sales of other consumer goods not elsewhere classified (-2.9% in value); commodities in supermarkets (-3.1%); wearing apparel (-11.1%); food, alcoholic drinks and tobacco (-0.6%); commodities in department stores (-8.9%); medicines and cosmetics (-2.2%); electrical goods and other consumer durable goods not elsewhere classified (-20.2%); motor vehicles and parts (-36.3%); fuels (-11.2%); footwear, allied products and other clothing accessories (-4.9%); Chinese drugs and herbs (-2.2%); furniture and fixtures (-22.0%); books, newspapers, stationery and gifts (-9.6%); and optical shops (-7.5%).
Based on the seasonally adjusted series, the provisional estimate of the value of total retail sales decreased by 0.1% in the fourth quarter of 2024 compared with the preceding quarter, while the provisional estimate of the volume of total retail sales decreased by 0.2%.
For 2024 as a whole, the value of total retail sales was provisionally estimated at $376.8 billion, decreased by 7.3% in value and 9.0% in volume compared with 2023. The value of online retail sales was provisionally estimated at $31.7 billion, decreased by 2.6% over 2023.
Analysed by broad type of retail outlet in descending order of the provisional estimate of the value of sales and comparing the whole year of 2024 with the whole year of 2023, the value of sales of jewellery, watches and clocks, and valuable gifts decreased by 14.5%. This was followed by sales of commodities in supermarkets (-1.5% in value); wearing apparel (-10.6%); food, alcoholic drinks and tobacco (-3.2%); electrical goods and other consumer durable goods not elsewhere classified (-11.3%); commodities in department stores (-13.9%); motor vehicles and parts (-17.2%); fuels (-11.4%); footwear, allied products and other clothing accessories (-7.5%); furniture and fixtures (-14.4%); Chinese drugs and herbs (-14.8%); and optical shops (-13.6%).
On the other hand, the value of sales of other consumer goods not elsewhere classified increased by 0.4% in 2024 compared with 2023. This was followed by sales of medicines and cosmetics (+4.4% in value); and books, newspapers, stationery and gifts (+4.7%).
Commentary
A government spokesman said that the value of total retail sales declined further in December from a year earlier, partly reflecting the impact of residents’ increased outbound trips during the holidays. For the fourth quarter as a whole, the value of total retail sales fell by 6.7% year-on-year, narrower than the 9.6% decrease in the preceding quarter.
Looking ahead, the spokesman said that the near-term performance of the retail sector would continue to be affected by the change in consumption patterns of visitors and residents. Nevertheless, the introduction of various measures by the Central Government to boost the Mainland economy and benefit Hong Kong, together with the SAR Government’s proactive efforts to promote tourism development and boost market sentiment, as well as increasing employment earnings, would benefit the retail sector.
Further information
Table 1 presents the revised figures on value index and value of retail sales for all retail outlets and by broad type of retail outlet for November 2024 as well as the provisional figures for December 2024. The provisional figures on the value of retail sales for all retail outlets and by broad type of retail outlet as well as the corresponding year-on-year changes for the whole year of 2024 are also shown.
Table 2 presents the revised figures on value of online retail sales for November 2024 as well as the provisional figures for December 2024. The provisional figures on year-on-year changes for the whole year of 2024 are also shown.
Table 3 presents the revised figures on volume index of retail sales for all retail outlets and by broad type of retail outlet for November 2024 as well as the provisional figures for December 2024. The provisional figures on year-on-year changes for the whole year of 2024 are also shown.
Table 4 shows the movements of the value and volume of total retail sales in terms of the year-on-year rate of change for a month compared with the same month in the preceding year based on the original series, and in terms of the rate of change for a three-month period compared with the preceding three-month period based on the seasonally adjusted series.
The classification of retail establishments follows the Hong Kong Standard Industrial Classification (HSIC) Version 2.0, which is used in various economic surveys for classifying economic units into different industry classes.
These retail sales statistics measure the sales receipts in respect of goods sold by local retail establishments and are primarily intended for gauging the short-term business performance of the local retail sector. Data on retail sales are collected from local retail establishments through the Monthly Survey of Retail Sales (MRS). Local retail establishments with and without physical shops are covered in MRS and their sales, both through conventional shops and online channels, are included in the retail sales statistics.
The retail sales statistics cover consumer spending on goods but not on services (such as those on housing, catering, medical care and health services, transport and communication, financial services, education and entertainment) which account for over 50% of the overall consumer spending. Moreover, they include spending on goods in Hong Kong by visitors but exclude spending outside Hong Kong by Hong Kong residents. Hence they should not be regarded as indicators for measuring overall consumer spending.
Users interested in the trend of overall consumer spending should refer to the data series of private consumption expenditure (PCE), which is a major component of the Gross Domestic Product published at quarterly intervals. Compiled from a wide range of data sources, PCE covers consumer spending on both goods (including goods purchased from all channels) and services by Hong Kong residents whether locally or abroad. Please refer to the C&SD publication “Gross Domestic Product by Expenditure Component” for more details.
More detailed statistics are given in the “Report on Monthly Survey of Retail Sales”. Users can browse and download this publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080003&scode=530).
Users who have enquiries about the survey results may contact the Distribution Services Statistics Section of C&SD (Tel: 3903 7400; email : mrs@censtatd.gov.hk).
Source: Government of India
Posted On: 03 FEB 2025 1:41PM by PIB Delhi
In order to harness the potential and to optimally tap constructive and creative energies of the youth, the Department of Youth Affairs pursues the twin objectives of personality-building and nation-building, that is, developing the personality of youth and involving them in various nation-building activities through its field organizations and various schemes.
National Service Scheme (NSS) is engaged in developing the personality and character of the student youth through voluntary community service. ‘Education through Service’ is the purpose of the NSS.
Similarly, Nehru Yuva Kendra Sangathan (NYKS) through its various programmes and interventions is reaching out to the rural youth for their empowerment and civic engagement.
Moreover, recently, an overarching enabling mechanism- Mera Yuva Bharat (MY Bharat), an autonomous body under the Department of Youth Affairs has been established, which is powered by technology, for youth development and youth led development through ‘Kartavya Bodh’ and ‘Seva Bhaav’, during the Amrit Kaal.
A digital platform for MY Bharat (https://www.mybharat.gov.in/) has been developed on which the youth across the country can register and signup for various volunteering opportunities being made available on the portal. The envisioned phygital (physical + digital) ecosystem is to empower young individuals to become catalysts for community transformation. So far, more than 1.65 Crore Youth have registered on the MY Bharat Portal.
To advance the goal of developed India by 2047 among youth, the “Yuva Connect” program has been conceptualized with the aim to foster youth engagement and leadership in the developmental transformation of India. The events are organised around discussions on the concept of Viksit Bharat with young people in educational institutions throughout India. Youth also get an opportunity to interact with eminent speakers.
Through these programs, emphasis is laid on values such as national identity, civic engagement, social cohesion, human capital development, critical thinking, and empowerment, so that students are better prepared to contribute positively to their societies. These interactions not only enhance individual growth but also strengthen the fabric of the nation as a whole.
This information was given by Union Minister of Youth Affairs & Sports and Labour & Employment, Dr. Mansukh Mandaviya in a written reply in Lok Sabha today.
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Himanshu Pathak
(Release ID: 2099075) Visitor Counter : 78
Source: Hong Kong Government special administrative region
CFS urges public not to feed infants with several kinds of prepackaged baby food imported from US
CFS urges public not to feed infants with several kinds of prepackaged baby food imported from US
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The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department today (February 3) urged the public not to feed infants with several kinds of prepackaged baby food imported from the United States (US), as the products may pose a choking hazard. The trade should stop using or selling the affected products immediately if they possess any of them. Details of the products are as follows:Product name:(1) Gerber Soothe ‘N’ Chew Teething Sticks – Strawberry Apple (Net weight: 90 grams per pack)(2) Gerber Soothe ‘N’ Chew Teething Sticks – Banana (Net weight: 90g per pack)(3) Gerber Soothe ‘N’ Chew Teething Sticks – Banana (Net weight: 45g per pack)Brand: GerberPlace of origin: USBatch: all lotsImporter: Nestle Hong Kong Limited A spokesman for the CFS said, “The CFS noted notices issued by the Food and Drug Administration of the US and the Canadian authorities respectively that the above-mentioned products are under recall as they possess a choking hazard. The CFS confirmed that the above-mentioned importer has imported the products concerned into Hong Kong.” The importer has stopped selling and removed from shelves the affected products and initiated a voluntary recall. Members of the public may call the hotline of the importer at 2179 8333 during office hours for enquiries about the recall of the products concerned. The CFS has alerted the trade to the incident, and will continue to follow up and take appropriate action. The investigation is ongoing.
Ends/Monday, February 3, 2025Issued at HKT 16:02
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Source: Hong Kong Government special administrative region
Special traffic and transport arrangements for Hong Kong Marathon 2025
Special traffic and transport arrangements for Hong Kong Marathon 2025
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The Transport Department (TD) today (February 3) reminded members of the public that, to facilitate the holding of the Hong Kong Marathon 2025 this Sunday (February 9), temporary road closures will be implemented at various locations in phases from Saturday (February 8) at 11.30pm and will be reopened subject to the progress of the race. It is anticipated all closed roads will be reopened by about 2pm on Sunday. This year, the full and half marathon races will start at Nathan Road in Tsim Sha Tsui. The full marathon race will route through major road sections including Nathan Road (from Granville Road to Argyle Street), Argyle Street, Lin Cheung Road, West Kowloon Highway, Stonecutters Bridge, Nam Wan Tunnel, Ting Kau Bridge, Cheung Tsing Tunnel, Tsing Kwai Highway, the Western Harbour Crossing (WHC), Connaught Road West flyover, Lung Wo Road, Expo Drive, Hung Hing Road, Lockhart Road, Percival Street, Hennessy Road, Yee Wo Street and Sugar Street, and finish at Victoria Park. The half marathon race route will follow that of the full marathon race from the starting point at Nathan Road to Lin Cheung Road with the turning point at Tsing Kwai Highway and then rejoin the full marathon race route at West Kowloon Highway. As for other races, the starting point will be set at different locations on Hong Kong Island while all the finishing points will be set at Victoria Park. The 10-kilometre race will start at the Island Eastern Corridor (IEC) near the exit/entrance of Central-Wan Chai Bypass Tunnel (CWBT) and run along the IEC eastwards to the turning point near Oi Tak Street and then return to the finishing point. The 10-kilometre wheelchair race will start at Wan Chai Sports Ground and route through Hung Hing Road, Expo Drive, Lung Wo Road and Central Ferry Piers area and then return to run along Lung Wo Road, Hung Hing Road, Marsh Road, Lockhart Road and Hennessey Road heading for the finishing point. The Wheelchair Trial and Leaders Cup will also start at Wan Chai Sports Ground and route through Hung Hing Road and Marsh Road and then rejoin the 10-km wheelchair race route heading for the finishing point. According to the arrangements for the full and half marathon race routes, temporary closures of major road sections and their vicinities in Yau Tsim Mong area will be implemented extensively, including (i) the whole section of Nathan Road (in both directions) between Salisbury Road and Gascoigne Road, (ii) the northbound carriageway of Nathan Road between Gascoigne Road and Argyle Street, and (iii) the westbound carriageway of Argyle Street between Nathan Road and Tong Mi Road. The above road sections will be reopened at or before about 10.30am in phases, subject to the progress of the races. At the same time, public transport services in this area will also be subject to extensive adjustments. Members of the public heading to this area are advised to use railway services. Moreover, since the full marathon will use the Kowloon-bound carriageways of Cheung Tsing Highway, Cheung Tsing Tunnel and Nam Wan Tunnel as the race route, vehicles on Lantau Link (Tsing Ma Bridge) heading to Kowloon will be diverted to use North West Tsing Yi Interchange, Tsing Yi North Coastal Road, Tsing Tsuen Road, Tsuen Wan Road, Kwai Chung Road, Cheung Sha Wan Road and Lai Chi Kok Road. It is anticipated that traffic congestion along North Lantau Highway, Tsing Ma Bridge and the vicinity of North West Tsing Yi Interchange may occur. The above road closures will not affect vehicles from Hong Kong Island/Kowloon/New Territories East heading for Hong Kong International Airport and Lantau Island. Vehicles from the New Territories West to the airport and Lantau Island could travel via Tuen Mun-Chek Lap Kok Tunnel. Due to the closure of the Kowloon-bound carriageway of Ting Kau Bridge, vehicles travelling via Tuen Mun Road or Tai Lam Tunnel to the airport and Lantau Island will be diverted to use Tsuen Wan Road, Tsuen Tsing Interchange, Tsing Tsuen Road, Tsing Tsuen Bridge and Tsing Yi North Coastal Road to enter Tsing Ma Bridge. During the races, the Kowloon-bound tube of the WHC will remain opened, while the Hong Kong-bound tube of the WHC will be temporarily closed from 0.45am on Sunday till about 1.15pm, subject to the progress of the races. Motorists in Kowloon West heading for Hong Kong Island are advised to use the Cross-Harbour Tunnel or Eastern Harbour Crossing (EHC). For the race routes in Causeway Bay, Yee Wo Street eastbound will be temporarily closed to serve as a race route. Most of the public transport services operating along Yee Wo Street (in the direction of North Point) will be diverted to use Percival Street, Leighton Road and Pennington Street during the closure period. According to the arrangements for the 10-km race, both bound carriageways of the IEC between Victoria Park Road and Shau Kei Wan, and the CWBT linking to and from the IEC will be closed from 1.15am on Sunday in phases, and traffic will be diverted via appropriate alternative routes such as Connaught Road Central, Gloucester Road, King’s Road, Shau Kei Wan Road, etc. Traffic to and from the EHC will be diverted to the Sai Wan Ho or Kornhill exit/entrance. Depending on the progress of the races, different sections of the CWBT will be reopened in phases to minimise the impact on traffic. Upon the anticipated reopening of the IEC before noon, the section of the CWBT between Central and North Point will be reopened while the Wan Chai North exit from and entrance to the CWBT will be closed for most of the race time. In connection with the road closure arrangements, starting from 11.15pm on Saturday until the reopening of the roads, 211 daytime bus routes and 33 daytime green minibus (GMB) routes will be subject to suspension, truncation or diversion, and the stopping points concerned of the affected bus and GMB services will be relocated accordingly in phases. Also, 49 overnight bus routes and six overnight green minibus routes to be affected by the road closures will be subject to the associated service adjustments. These affected bus routes include the cross-harbour routes and bus services operating in the following areas: Hong Kong Island – bus routes operating along the IEC, the CWBT, in Central and Western District, Wan Chai and Causeway Bay areas; Kowloon – bus routes operating along Nathan Road, Argyle Street, Shanghai Street, Jordan Road and Yau Tsim Mong areas; and New Territories – bus routes operating along Ting Kau Bridge, Cheung Tsing Highway, Cheung Tsing Tunnel and Nam Wan Tunnel. The following bus termini and public transport interchanges on Hong Kong Island and in Kowloon will be suspended: Hong Kong Island – Tin Hau Station Public Transport Interchange, Expo Drive East Bus Terminus, Central Ferry Piers Bus Terminus and Whitfield Road Bus Terminus; and Kowloon – China Ferry Terminal Public Transport Interchange and Star Ferry Bus Terminus. To enable participants of the full/half marathon and 10-km races that start in the early morning to go to Tsim Sha Tsui or Causeway Bay, the first departures of eight rail lines of MTR services will be advanced suitably on Sunday, with the first departures on the Tuen Ma Line and East Rail Line to be operated at 3.25am. In addition, 28 special bus routes will also be operated to serve participants going to Tsim Sha Tsui and Causeway Bay on Sunday. During the road closure period, bus stops, taxi stands, taxi pick-up/drop-off points, public light bus/GMB stands, roadside parking spaces and private car parks within the closed roads and their vicinities may be suspended subject to the situation. The commencement time of the pedestrian precinct on Lockhart Road, East Point Road and Great George Street in Causeway Bay will be postponed to 3pm on Sunday subject to the road reopening situation in the vicinity of Causeway Bay. Members of the public and tourists heading for Hong Kong-Macau Ferry Terminal, Hong Kong Station and Kowloon Station of the Airport Express Line, Hong Kong West Kowloon Station of the Guangzhou-Shenzhen-Hong Kong Express Rail Link, China Ferry Terminal (China Hong Kong City) or Ocean Terminal are advised to plan their journeys early to avoid any delays caused by road closures and traffic diversions. The TD anticipates that the traffic at various locations on Hong Kong Island and in Kowloon and the New Territories will be more significantly congested when compared with normal Sundays, including: Hong Kong Island – King’s Road, Shau Kei Wan Road, Victoria Park Road, Leighton Road, Hennessy Road, Gloucester Road, Queensway, Connaught Road Central, Aberdeen Tunnel (Wan Chai bound) and Central Ferry Piers areas; Kowloon – Nathan Road and its vicinity, Argyle Street, Wylie Road, Gascoigne Road flyover, West Kowloon Corridor and Cross-Harbour Tunnel (both bounds), with a higher chance of long traffic queues along Gascoigne Road flyover and West Kowloon Corridor; and New Territories – Lantau Link (Kowloon bound) and North West Tsing Yi Interchange. Motorists should avoid driving to the above affected areas. In case of traffic congestion, they should exercise patience and drive with care, and follow the instructions of the Police on-site. Members of the public should plan their journeys early and use alternative routes to avoid unexpected delays, and take railway services as far as possible. Public transport users are advised to pay attention to the arrangements of route diversions and changes of stop locations. Other ad-hoc traffic and public transport measures, including adjusting the extent of road closures, traffic diversions, alterations and suspensions of public transport services, may be implemented by the Police on-site at short notice depending on the actual traffic and crowd conditions. The TD and the Police will closely monitor the traffic situation and implement appropriate measures whenever necessary. Members of the public are advised to stay alert to the latest traffic news through the media. For information about the above special traffic and transport adjustments, members of the public may browse the TD’s website at www.td.gov.hk or the “HKeMobility” mobile application.
Ends/Monday, February 3, 2025Issued at HKT 15:45
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Source: Government of India (2)
Posted On: 03 FEB 2025 1:00PM by PIB Delhi
The Bureau of Indian Standards (BIS) hosted a high-level roundtable discussion to foster collaboration in the field of standardization with African and Latin American nations. The event saw participation from Ambassadors, High Commissioners, and representatives of over 25 countries from these regions, along with officials from the Ministry of External Affairs and the Department of Consumer Affairs.
Smt. Nidhi Khare, Secretary, Department of Consumer Affairs, Government of India and Mr. Pramod Kumar Tiwari, Director General, BIS, led the discussions alongside senior officials from Bureau.
Consumer Affairs Secretary acknowledged BIS’s comprehensive standards ecosystem, which ensures product quality and safety while facilitating seamless trade across borders. She underscored the importance of harmonizing standards to strengthen international trade and quality infrastructure.
Smt. Khare said that BIS plays a crucial role in facilitating international trade by setting standards that ensure compatibility, safety, and quality. She emphasized India’s strong commitment to international standardization and its active participation in ISO and IEC at both technical and governance levels. With seven decades of expertise in standardization, BIS continues to lead in this domain.
She highlighted how BIS has been organizing capacity-building programs for developing countries under the ITEC program. So far, 30 African nations and 10 Latin American countries have benefited from these initiatives. Additionally, BIS has established Memorandum of Understandings (MoUs) with these countries to facilitate knowledge-sharing and the exchange of best practices.
The Secretary reiterated BIS’s commitment to extending cooperation to any interested country, offering support on standardization principles and sector-specific matters. The organization has also developed comprehensive codes for the National Building Code (NBC) and the National Electrical Code (NEC), which contribute to safe and sustainable infrastructure development.
For developing countries with limited resources and expertise, she stressed that there is no need to reinvent the wheel. Instead, they can adopt Indian standards through harmonization, benefiting from the experience and expertise that BIS has cultivated.
All dignitaries present appreciated the efforts and support provided by BIS. The representatives encouraged more such programs in collaboration with National Standards Bodies (NSBs). African and Latin American countries expressed keen interest in furthering mutual cooperation with BIS, strengthening their standardization frameworks.
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Abhishek Dayal/Nihi Sharma
(Release ID: 2099057) Visitor Counter : 74
Source: Government of India
Posted On: 03 FEB 2025 12:21PM by PIB Delhi
Hon’ble Members, the 267th Session of the Rajya Sabha is a milestone in the constitutional journey of Bharat, being the first one convened as we march into the last quarter of the century of adoption of our Constitution on November 26, 1949.
An occasion of expression of profound gratitude to visionary founding fathers, whose wisdom and foresight endowed us with a Constitution that has remarkably shaped the destiny of our Republic.
In this journey of 75 years, we have embraced modernity without forsaking our timeless wisdom and heritage. Our collective dreams and aspirations have enabled strides in digital innovation and sustainable development to space exploration and infrastructure.
Guided by the mantra of Vikas with Virasat, the march forward towards a Viksit Bharat by 2047 must be the north star that anchors our collective efforts. It is incumbent upon us, as members of this august House, to rise to this calling with unwavering resolve.
As the Council of States—the House of Elders—we must serve as both guardians of constitutional values and torchbearers of progressive thought. Let us emulate our founding fathers, and seize this moment in history to leave our indelible footprints upon the sands of time.
Our conduct must be exemplary; our deliberations, wise and constructive; and our actions, driven by the welfare of the 1.4 billion citizens who place their faith in us.
A vibrant and functional Parliament is the lifeblood of democracy. In this sacred chamber, the voices of a pluralistic, dynamic, and aspirational society converge, particularly those of our youth, who represent our nation’s boundless energy and dreams. By empowering youth with education, opportunity, and a sense of responsibility, we can craft a more inclusive and sustainable future.
The great Mahakumbh, a resplendent celebration of India’s spiritual and cultural essence, offers profound lessons for our journey—unity in diversity, collective well-being, and an abiding commitment to truth, tolerance, and harmony.
As we engage with the global community, let these principles remain the touchstones of our actions, ensuring that the well-being of every citizen remains at the heart of our endeavours.
Hon’ble Members, our task is monumental, so has to be our resolve. Let us pledge to uphold the sanctity and dignity of this House. Let our debates and decisions be guided by the noble aspirations of service to the nation. Let us work together, across all divides, to forge policies that elevate Bharat’s standing on the global stage.
In the words of Dr. B. R. Ambedkar, the architect of our Constitution: “Democracy is not merely a form of government. It is primarily a mode of associated living, of conjoint communicated experience. It is essentially an attitude of respect and reverence towards our fellow men.”
May we be ever mindful of this wisdom.
As we embark upon this session, let us deliberate with purpose, cooperate with dignity, and legislate with vision—mindful always that we carry the hopes and dreams of a billion hearts.
Together, let us chart a course toward a future that fulfills the promise made in the Constitution.
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(Release ID: 2099044) Visitor Counter : 85
Source: Hong Kong Government special administrative region
Registrations and nominations invited for Labour Advisory Board By-election of Employee Representative
Registrations and nominations invited for Labour Advisory Board By-election of Employee Representative
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The Labour Department (LD) is inviting employee unions registered under the Trade Unions Ordinance (TUO) to register as electors, appoint authorised representatives to vote and nominate candidates for the 2025 Labour Advisory Board (LAB) By-election of Employee Representative. “Registration as electors, appointment of authorised representatives and nomination of candidates start today (February 3) and will close on February 25, 2025 (Tuesday),” a spokesman for the LD said. The LAB is a tripartite consultative body comprising representatives of employees and employers to advise the Commissioner for Labour on labour matters. There is a vacancy in the current 2025-2026 term of the LAB arising from the resignation of an elected employee representative. The 2025 LAB By-election of Employee Representative will be held at Function Rooms, 3/F South Tower, The Salisbury – YMCA of Hong Kong, 41 Salisbury Road, Tsim Sha Tsui, on March 29 (Saturday). Authorised representatives may cast their votes at the above polling station between 9am and 5pm. Upon the appointment by the Secretary for Labour and Welfare with authority delegated by the Chief Executive, the elected representative will become an LAB member for the current term up to December 31, 2026. Employee unions registered as electors in the LAB elections held in 2006 or thereafter need not re-register as electors but have to submit forms to appoint authorised representatives in order to vote in the by-election. “We have sent out today related forms and copies of the rules and procedures for the by-election to all employee unions registered under the TUO,” the spokesman said. Enquiries on matters relating to the by-election can be made at 2852 4024.
Ends/Monday, February 3, 2025Issued at HKT 15:00
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Source: Government of India (2)
Posted On: 03 FEB 2025 12:16PM by PIB Delhi
Production of some key minerals in the country has continued to witness strong growth during FY 2024-25 (April-December), after reaching record production levels in FY 2023-24. Iron ore accounts for 69% of the total MCDR mineral production by value. Production of iron ore was 274 million metric tonne (MMT) in FY 2023-24.
As per provisional data, production of iron ore has increased from 203 MMT in FY 2023-24 (April-December) to 208 MMT in FY 2024-25 (April- December), showing a healthy 2.5% growth. Production of manganese ore has risen by 8.3% to 2.6 MMT in FY 2024-25 (April- December) from 2.4 MMT during the corresponding period of previous year. Production of Chromite has risen by 9.5% to 2.3 MMT in FY 2024-25 (April- December) from 2.1 MMT during the corresponding period of previous year. Additionally, production of bauxite has also risen by 6.5% to 18.1 MMT in FY 2024-25 (April- December) from 17.0 MMT in FY 2023-24 (April- December).
In the non-ferrous metal sector, primary aluminium production in FY 2024-25 (April- December) posted a growth of 1.6% over the corresponding period last year, increasing to 31.56 lakh ton (LT) in FY 2024-25 (April- December) from 31.07 LT in FY 2023-24 (April- December). During the same comparative period, refined copper production has grown by 7.3% from 3.69 LT to 3.96 LT.
India is the 2nd largest Aluminium producer, among top-10 producer in refined copper and 4th largest iron ore producer in the world. Continued growth in production of iron ore in the current financial year reflects the robust demand conditions in the user industry viz. steel. Coupled with growth in aluminium and copper, these growth trends point towards continued strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery.
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Shuhaib T
(Release ID: 2099042) Visitor Counter : 51
Source: Government of India (2)
Posted On: 03 FEB 2025 12:14PM by PIB Delhi
India’s coal sector continues to demonstrate resilience and growth, achieving steady progress in both production and dispatch during April 2024 – January 2025. Total coal production during January 2025 has reached 104.43 MT, reflecting 4.38% increase over 100.05 MT recorded during the corresponding period of the previous year. The contribution from Captive, Commercial and Other Entities for January 2025 has also been particularly strong, with production surging to 19.68 MT, 31.07% rise from 15.01 MT in the corresponding period of the previous year.
On a broader scale, the cumulative coal production up to January 2025 has climbed to 830.66 MT, marking a 5.88% increase from 784.51 MT recorded during the corresponding period of the previous year.
Similarly, Coal dispatch has also kept pace with this growth. The total coal dispatch during January 2025 stands at 92.40 MT, registering 6.31% increase from 86.92 MT in the corresponding period of the previous year.
Coal dispatch from Captive and Other Entities for January 2025 has also shown remarkable growth, reaching 17.72 MT as compared to 13.64 MT in the corresponding period of the previous year, reflecting 29.94% increase. Meanwhile, the cumulative coal dispatch up to January 2025 has risen to 843.75 MT, marking 5.73% increase from 798.02 MT recorded during the corresponding period of the previous year.
These figures underscore the sector’s strong performance in ensuring a consistent energy supply. The Ministry of Coal remains steadfast in its commitment to enhancing the sector’s productivity, ensuring energy security, and supporting the country’s economic growth.
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Shuhaib T
(Release ID: 2099041) Visitor Counter : 53
Source: Government of India (2)
Posted On: 03 FEB 2025 12:04PM by PIB Delhi
In furtherance of the vision of Atmanirbhar Bharat, India’s coal sector continues to set new benchmarks. As on January 2025, the total coal production from Captive and Commercial mines for the financial year 2024-25 has surged to 150.25 million tonnes (MT), surpassing last financial year’s total of 147.12 MT by January 27, 2025, 64 days ahead of schedule. This marks an impressive 34.05% YoY growth from 112.08 MT at the end of January 2024, underscoring the resilience and accelerated pace of India’s coal industry.
Similarly, coal dispatch has mirrored this success, with the total dispatch for the financial year reaching 154.61 MT, surpassing last financial year’s total of 142.79 MT by January 11, 2025. This reflects a robust 33.75% increase from 115.57 MT in January 2024, ensuring a consistent and uninterrupted coal supply to key industries, including power, steel, and cement.
With coal production reaching an all-time high of 19.20 MT in January 2025, this milestone represents the highest-ever monthly output from Captive and Commercial mines. This achievement marks a 33.15% increase YoY from 14.42 MT in January 2024. Coal dispatch in January, similarly surged to 17.26 MT, a 32.45% rise YoY from the previous year, further securing the supply for industrial growth.
Additionally, the Ministry of Coal has granted Mine Opening Permissions for three new mines—Bhaskarpara, Utkal E, and Rajhara North (Central and Eastern). Notably, Rajhara North (Central and Eastern), allocated to Fairmine Carbon Pvt. Ltd., is the first commercial coal mine in Jharkhand to receive Mine Opening Permission. This development will significantly contribute to boosting coal production and enhancing the role of commercial mining in the region.
The Ministry of Coal remains unwavering in its commitment to augmenting domestic coal production, reducing import dependency, and ensuring energy security for the nation. The sector continues to play a pivotal role in the realization of Viksit Bharat—a self-reliant and developed India.
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Shuhaib T
(Release ID: 2099037) Visitor Counter : 24
Source: Government of India (2)
Significant positive changes in Palamu district brought about thorough multi-faceted approach of BBBP initiative
Posted On: 03 FEB 2025 12:01PM by PIB Delhi
The Union Ministry of Women and Child Development celebrated the 10th anniversary of the Beti Bachao Beti Padhao (BBBP) Scheme on 22 January 2025. Launched in 2015, the Beti Bachao Beti Padhao Scheme aims to protect, educate and empower girls and address gender imbalance and declining child sex ratio in India. To achieve the objectives of the Beti Bachao Beti Padhao (BBBP) Scheme, States, Union Territories and Districts are implementing programmes tailored to local and stakeholder needs.
Palamu district of Jharkhand, known for its rich cultural heritage, has long been facing social challenges affecting girls and women, especially the rural communities.
In sync with the 100 Din Sankalp Abhiyan in Jharkhand under the BBBP initiative, the Administration and Social Welfare Office of Palamu had launched a series of awareness programmes. The initiative was aimed at addressing the critical issues of gender inequality, women’s rights and child protection.
Palamu district of Jharkhand has achieved remarkable success in promoting a culture of gender equality and girls’ empowerment by adopting targeted weekly themes and organizing impactful programs through the “100 Din Beti Bachao, Beti Padhao” campaign. The campaign addressed critical issues like education, health and safety, ultimately enhancing the welfare and rights of girls.
In this special 100-day campaign, more than 70 programs were organized in Palamu district on various topics, including four programs involving 125 government officials and 22 field representatives and 216 beneficiaries were enrolled.
Similarly, BBBP Week, a dedicated week within the 100-day campaign and the Pre-Conception Prenatal Diagnostic Techniques (PCPNDT) Enforcement Drive, organised three programmes with the participation of 54 officials and 8 local representatives, enrolling 178 beneficiaries. These programmes were specifically designed to address issues related to gender equality and child protection and their success underlined the impact of the initiative.
The primary goal of the BBBP initiative in Palamu was to protect the rights of girls, promote gender equality and raise awareness about the importance of education for girls.
Mission Shakti Week saw the highest enrollment of beneficiaries, with 280 participants, underlining the reach of the initiative. In total, 379 government officials and 104 representatives of local governing bodies supported these efforts, reaching out to 1,999 beneficiaries through thematic weeks focused on gender equality, skill development, legal awareness and community mobilisation. In addition, volunteers conducted door-to-door awareness campaigns, distributing stickers and pamphlets emphasizing gender equality and prevention of child marriage. Community Engagement Programs The success of the campaign in spreading awareness on issues such as ending early marriage (ECM) and violence against women and children (EVAWAC) in Palamu through rallies, street plays and group discussions is a testament to the community’s involvement and value in the initiative. Schools conducted essay competitions, signature drives and tree planting ceremonies, encouraging children to advocate for gender equality and environmental responsibility. The community’s commitment to girls’ education and development was evident in the distribution of annual Shishu Kits and Academic Excellence Awards. These initiatives were designed to support new born girls and motivate students, emphasizing the community’s dedication to their education and development.
The initiative included various activities including inauguration ceremonies, awareness meetings with adolescents, oath taking programs, rallies and discussions on important issues such as child marriage and gender-based violence. The level of participation varied across different programmes, with some activities such as oath taking and rallies involving 59,640 women participants.
Posters displaying key messages were made and put up in 165 out of 265 selected panchayats in Palamu and in 14 ICDS projects through Lok Sabha (LS), AWW, Jharkhand State Livelihood Promotion Society (JSLPS), gender community resource persons (CRPs), self-help groups (SHGs) and NGO representatives. Short video clips, campaign messages and social media posts addressing child protection were disseminated through local channels. IEC material was distributed to all AWC and JSLPS teams to promote awareness efforts at the grassroots level. The initiative involved a variety of activities including inaugural ceremonies, awareness sessions with adolescents, oath taking events, rallies and discussions on important issues such as child marriage and gender-based violence. Many community members participated, especially women, who were particularly active in community engagement events such as rallies.
All age groups participated meaningfully in the initiative, particularly in the 7-18 and 18-55 age groups. Participants were significantly higher among women, reaching 180,965, as well as 1,440 men and 82 individuals identified as disabled or transgender. The initiative verified its reach and impact through photo documentation, video recordings and attendance records. The campaign outputs reflect increased awareness within the community, which is likely to lead to long-term reduction in child marriage rates and stronger support for girls’ education.
The Central Government also appreciated these initiatives under BBBP in Palamu.
Collaborative efforts between the Government, Schools and NGOs increase the reach and impact of gender equality initiatives. Early involvement of parents and teachers ensures more significant community participation and promotes sustained engagement. The BBBP campaign promoted substantial community participation while achieving significant milestones.
The multi-faceted approach of the BBBP initiative brought about significant positive changes in Palamu district, including increased community participation, improved educational outcomes, and improved safety measures, providing solid evidence of the program’s success.
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SS/MS
(Release ID: 2099035) Visitor Counter : 50
Source: Hong Kong Government special administrative region
Temporary suspension of LCSD’s Mobile Library 5, 6 and 7 services
Temporary suspension of LCSD’s Mobile Library 5, 6 and 7 services
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Mobile Libraries 5, 6 and 7 will suspend services during designated periods in February and March for maintenance, a spokesman for the Leisure and Cultural Services Department announced today (February 3). Mobile Library 6 will suspend services from February 10 to 15. The affected service points are Shau Kei Wan Market on Shau Kei Wan Main Street East, Lei Tung Estate and Ap Lei Chau Estate in Ap Lei Chau, the First Aid Station at Shek O Beach and Tsui Lam Estate in Tseung Kwan O. For enquiries about Mobile Library 6 services, please call 2505 4690. Mobile Library 5 will suspend services from February 17 to March 1. The affected service points are Ta Kwu Ling in North District; Hin Keng Estate, Kam Ying Court, Kam Tai Court, Mei Tin Estate, Yan On Estate and Yiu On Estate in Sha Tin; Ming Tak Estate, Yee Ming Estate and Mang Kung Uk Road in Sai Kung; and Tai Wo Estate, Nai Chung, On Ho Lane, Fu Shin Estate and Fu Heng Estate in Tai Po. For enquiries about Mobile Library 5 services, please call 2696 5842. Mobile Library 7 will suspend services from February 24 to March 8. The affected service points are Hoi Fu Court in Mong Kok West, Sceneway Garden in Lam Tin, Chuk Yuen (South) Estate and Fung Tak Estate in Wong Tai Sin and Kai Yip Estate in Kowloon Bay. For enquiries about Mobile Library 7 services, please call 2926 3056. Readers are welcome to use other public libraries during the service suspension periods. They may also renew library materials by telephoning 2698 0002 or 2827 2833, or via www.hkpl.gov.hk.
Ends/Monday, February 3, 2025Issued at HKT 14:30
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Source: Hong Kong Government special administrative region
TD launches bus safety roving exhibition with first stop at West Kowloon Government Offices (with photos)
TD launches bus safety roving exhibition with first stop at West Kowloon Government Offices (with photos)
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The Transport Department (TD) will hold the “Safe Journey Begins with You and Me” bus safety roving exhibition at nine government buildings from today (February 3) to mid-May to feature the efforts of both the Government and franchised bus operators (FBOs) in improving bus safety and enhancing public awareness on passenger safety. Its first stop is the G/F Lobby, South Tower, West Kowloon Government Offices. Members of the public are most welcome to visit. The Commissioner for Transport, Ms Angela Lee, said, “Franchised buses carry over 3.7 million passenger journeys per day on average, accounting for about 30 per cent of the total public transport patronage. Safe and convenient bus services are key to the public’s daily commuting. Enhancing the safety of franchised buses is the shared priority of the Government and FBOs. We are committed to improving bus and passenger safety through four major areas, namely bus captains and passengers, technology, safety performance management, and road safety, with a view to preventing accidents.” The rich content of the exhibition panels and educational videos covers bus captains’ daily work to uphold passenger safety, passenger safety tips, Safety Performance Indicators drawn up by the TD to assess FBO’s performance, FBOs’ extensive application of technology to enhance bus safety as well as an array of road safety and bus-friendly measures implemented by the Government. Visitors can participate in quiz games on site and receive souvenirs. The bus safety roving exhibition will be open from 9am to 7pm. Admission is free. Details are as follows:
Date
Venue
February 3 to 8
G/F Lobby, South Tower, West Kowloon Government Offices
February 10 to 15
2/F, Harbour Building
February 17 to 22
G/F Lobby, Revenue Tower
February 24 to March 1
1/F, Trade and Industry Tower
March 3 to 8
G/F Lobby, North Point Government Offices
March 10 to 15
G/F Lobby, Cheung Sha Wan Government Offices
April 14 to 18
2/F, Tsuen Wan Government Offices
April 28 to May 3
G/F Lobby, Tung Chung Municipal Services Building
May 12 to 16
G/F Lobby, Tuen Mun Government Offices
To engage with the community to promote bus safety, the TD has held interactive sharing sessions and game activities at primary schools and District Elderly Community Centres in various districts since late 2024, aiming to raise the awareness of students and the elderly on bus and pedestrian safety. Publicity has also been regularly rolled out via the Agent T Facebook page (www.facebook.com/AgentT.hk) in the past month. This exhibition is part of the TD’s series of bus safety promotion measures.
Ends/Monday, February 3, 2025Issued at HKT 14:00
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Source: Government of India (2)
Budget Booster for Taxpaying Populace Has Generated Radiance All Around, Highlights VP
Achieving Developed Nation Status Requires Eightfold Per Capita Income Rise, Asserts VP
Chartered Accountants Must Nurture the Spirit of Economic Nationalism, says VP
Vice-President Addresses 75th Annual Function of ICAI at World Forum of Accountants at New Delhi
Posted On: 02 FEB 2025 9:32PM by PIB Delhi
The Vice-President of India, Shri Jagdeep Dhankhar, today said, “There has been a budget booster and for me, there has been a Kumbh booster. The two are coupled.” He explained that the budget booster, particularly for the taxpaying populace, has generated radiance all around. Reflecting on his visit to the Kumbh Mela—an event of unparalleled consequence for humanity—he noted, “When I took the holy dip in an event that celestially occurs after 144 years, the population beyond America had already visited the place. Excellent Management!”
Drawing a unique parallel, He further elaborated that world-level arrangements were evident at the Kumbh. “How in such a small area, such a large human congregation has been taken care of, reflects India’s inclusivity and peace within us,” he said. While acknowledging a mishap during the event, Shri Dhankhar praised the management’s swift and effective response: “The management thereof, the response was electric, nuclear. It was done in a moment.” He commended the health facilities, law and order arrangements, and the availability of helping hands, concluding, “I, therefore, as an Indian, take pride that we as a nation have come of age where such a large human gathering, infatuated by commitment to religiosity, sublimity, spirituality, and our civilizational ethos, has come together and peacefully handled situations. I salute everyone associated with such exemplary management.”
Addressing the gathering at the 75th Annual Function of the Institute of Chartered Accountants of India (ICAI) at the World Forum of Accountants held at Yashobhoomi, New Delhi, the Vice-President observed that the people of India have now entered an aspirational mode. “This aspirational mode is premised on the fact that in the last decade, no nation has progressed as much on the development aspect as Bharat,” he stated. He pointed out that when people witness development, they naturally desire more, and this has converted one-sixth of humanity into the most aspirational population. “Therefore, this descending, demanding population is an asset. But it is also a challenge. If it is restive, it is a ticking time bomb. And if energy is channelised, it is no less than nuclear power,” he emphasized.
He further highlighted that India has had an unparalleled and remarkable economic rise and upsurge, alongside significant infrastructure development, technology penetration, and deep digitization in the last few years. Amongst large economies, its growth stands out. He emphasized that an environment of hope and possibility is all-pervasive.
Expressing his confidence in the role of professional bodies, Shri Dhankhar stated, “I strongly feel bodies like yours have the capacity to convert the youth dividend into nuclear power and keep it away from restive temperament.”
Shifting focus to economic concerns, the Vice-President shared his apprehensions: “I am deeply concerned when I notice that when balance sheets shine, premised on avoidable imports, and finances blossom on raw material exports, the national economy bleeds as there is an avoidable drain of foreign exchange, loss of employment, and impeding of entrepreneurial growth.” He emphasized that this was a challenge that only the chartered accountants could address. “There is a need to imbibe the spirit of economic nationalism. As a distinguished class, chartered accountants are imminently positioned and suited to propagate and nurture this spirit of nationalism. Such an approach will be highly beneficial to the economy and save us billions in foreign exchange—billions of dollars—while creating millions of jobs and accounting for the growth of entrepreneurship,” he asserted.
Recognizing the pivotal role of chartered accountants, Shri Dhankhar remarked, “As the architects of economic stability, watchdogs of financial integrity, and guardians of fiscal discipline, you are particularly enjoined to contribute optimally to the nation’s march towards unprecedented growth and prosperity.” He highlighted that in contemporary times, influencers from various walks of life matter significantly, but as a professional class, chartered accountants are the most potent influencers for transformative change in the economy.
“There is no other class other than chartered accountants who can bring about revolutionary positive change in business ethics and business promotion,” he added. He further noted, “Your unique position at the intersection of business, finance, and governance enables you to bring about and catalyse reforms from the grassroots to the highest corporate achievements. You have the potential to be the nerve centre for big changes that will contribute to our economy.”
Concluding his address, the Vice-President emphasized the challenge and importance of achieving developed nation status. “A challenge to be a developed nation has to be understood at your level,” he stated. He explained that while a developed nation status is not explicitly defined, certain global parameters can be identified. “In my modest understanding of economics, our per capita income has to rise eightfold. A daunting challenge, but achievable,” Shri Dhankhar affirmed.
CA. N.D. Gupta, MP, Rajya Sabha, Shri P.C. Mody, Secretary-General, Rajya Sabha, CA. Ranjeet Kumar Agarwal, President, ICAI, CA. Abhinav Aggarwal, Chairman, NIRC and other dignitaries were also present on the occasion.
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JK/RC/SM
(Release ID: 2099020) Visitor Counter : 15
Source: Government of Italy (English)
Vai al Contenuto Raggiungi il piè di pagina
1 Febbraio 2025
The Presidency of the Council of Ministers will mark Italy’s national day for civilian victims of wars and conflicts around the world by lighting up Palazzo Chigi’s façade in blue, from the evening of Saturday 1 February 2025 until dawn on Sunday 2 February.
Source: European Parliament
Question for written answer E-000316/2025
to the Commission
Rule 144
Nicolás González Casares (S&D)
The deadline for the transposition of a large part of Directive (EU) 2024/1711 amending Directives (EU) 2018/2001 and (EU) 2019/944 as regards improving the Union’s electricity market design expired on 17 January 2025. This Directive, which was drawn up in response to the energy price crisis and agreed a year ago, includes measures to achieve more stable electricity prices and provide consumers with greater transparency, agency and protection. An example of this is protection against disconnection from the electricity supply for vulnerable people or those subject to energy poverty.
With this in mind, I would like to ask:
Submitted: 24.1.2025
Source: European Parliament
Question for written answer E-000323/2025
to the Commission
Rule 144
Rada Laykova (ESN)
The initial semesters of economics courses already provide considerable insight into why constant subsidies undermine the competitiveness of any business or sector in the medium and long run. In addition, a large set of regulatory requirements, especially if they are subject to constant changes and there is no end in sight, also undermine the competitive strength of companies or whole sectors for obvious reasons: encumbrance and uncertainty. The past approach has been to offset this with more financial aid programmes with fancy names, creating even more dependence on state and/or EU subsidies. This, of course, increases the power of the EU and makes companies dependent on the influx of EU money, further exacerbating the aforementioned competition aspect in relation to monetary aid. The Draghi report and constant plenary discussions and Commission letters have highlighted the severe problems surrounding the EU’s economic competitiveness.
Submitted: 24.1.2025
Source: European Parliament
Priority question for written answer P-000282/2025
to the Commission
Rule 144
Michal Wiezik (Renew), Dario Nardella (S&D), Tilly Metz (Verts/ALE)
Parliament has previously called for the identification and registration of all cats and dogs, most recently in its resolution of 12 February 2020 on protecting the EU’s internal market and consumer rights against the negative implications of the illegal trade in companion animals[1].
Considering that there is substantial trade in such animals, making it foreseeable that any individual animal may at any point be sold or transferred within Member States and across borders, this measure is also necessary to eliminate existing and future barriers to trade and attain harmonisation of the internal market.
Article 118(2)(c) of the Animal Health Law[2] already provides a legal basis for the mandatory identification and registration of all dogs and cats. The proposal for a regulation on the welfare of dogs and cats and their traceability[3] is, like the Animal Health Law, based on Articles 43 and 114 (but unlike the Animal Health Law, not on Article 168) of the Treaty on the Functioning of the European Union (TFEU).
Can the Commission clarify whether Article 114 TFEU provides a legal basis for the mandatory EU-wide identification and registration of all dogs and cats?
Submitted: 22.1.2025
Source: European Parliament
Question for written answer E-000322/2025
to the Commission
Rule 144
Rada Laykova (ESN)
In July 2024 the Joint Board of Appeal of the European Supervisory Authorities allowed an appeal by the insurance company NOVIS in relation to access to documents held by the European Insurance and Occupational Pensions Authority (EIOPA) (BoA-D-2024-05).
EIOPA released a ‘sanitised’ version of a single document with over 70 % of the text redacted (EIOPA-BoS-22-293, recommendation to Národná banka Slovenska on actions necessary to comply with Directive 2009/138/EC).
EIOPA’s behaviour in this and other cases (e.g. Euroins Romania) is not in line with EU Treaty commitments that ‘decisions are taken as openly as possible’.
Recognising that transparency is key to building confidence in institutions, will the Commission:
Submitted: 24.1.2025
Source: European Parliament
Priority question for written answer P-000269/2025
to the Commission
Rule 144
Hanna Gedin (The Left)
In December 2024, Parliament decided to set up a special committee on the housing crisis in the EU. Even though we had hoped for a stronger focus on the tenant’s perspective and rights, we welcome such a committee. Every effort to ensure people’s right to good living conditions in affordable homes is imperative, and the EU institutions play a crucial role going forward. According to the International Union of Tenants, one third of European citizens live in rental housing. But rents are unaffordable, and energy costs in poorly insulated homes have soared. The housing market is not for the many, even though a home is recognised as a fundamental right. The financialisation of all housing markets has consequently transferred housing policy from governments to profit-oriented corporate finance, and short-term rentals are extracting existing housing from the regular housing market, at the expense of residents.
In light of the above:
Submitted: 22.1.2025
Source: European Parliament
Priority question for written answer P-000312/2025
to the Commission
Rule 144
Liudas Mažylis (PPE)
The self-declared region of Transnistria was cut off from its gas supply in January 2025. Russian gas is no longer reaching the region following Ukraine’s suspension of Russian gas supplies through its territory. Transnistria, which has a population of 465 000, has been plunged into an energy, economic and potentially humanitarian crisis. Naturally, Russia’s propaganda is attributing the ‘guilt’ for this to Ukraine and the EU.
In the light of the foregoing:
Submitted: 24.1.2025
Source: European Parliament
Priority question for written answer P-000304/2025
to the Commission
Rule 144
Dan-Ştefan Motreanu (PPE)
Some social media platforms have announced plans to introduce AI-generated accounts to their networks. This raises concerns about the potential proliferation of automated accounts programmed to behave like real users. These accounts could post, share content and interact with others on the basis of pre-designed scripts, making it difficult to distinguish between genuine human activity and artificial interactions.
The risks associated with such developments are significant. Ill-intentioned actors could exploit these platforms to manipulate public opinion and dominate online discussions, particularly during sensitive times, such as during election campaigns. This could undermine democratic processes and trust in digital spaces.
A possible solution would involve requiring users to verify their accounts using official identification or digital identities. This system would enhance accountability, ensuring that those who break the law can face legal consequences. It could also reduce the misuse of anonymous accounts for malicious purposes, while maintaining the rights of legitimate users operating under their verified identities.
Does the Commission intend to propose measures to address the risks posed by anonymous and AI-generated accounts by introducing ‘ID verified’ account systems to enhance accountability?
Submitted: 23.1.2025
Source: European Parliament
The European Parliament established a Special Committee on the Housing Crisis in the European Union on 18 December 2024. The committee’s primary objective is to propose solutions for decent, sustainable, and affordable housing for all European citizens. The Special Committee comprises 33 Members and will operate with a 12-month mandate.
The constitutive meeting was held on 30 January 2025 in Brussels, where HOUS Members elected Ms Irene Tinagli (S&D, Italy) as Chair. The following Members were elected as Vice-Chairs, forming the Bureau:
First Vice-Chair: Mr Dirk Gotink (EPP, Netherlands)
Second Vice-Chair: Mr Vicent Marzà Ibáñez (Greens, Spain)
Third Vice-Chair: Mr Ciaran Mullooly (Renew, Ireland)
Fourth Vice-Chair: Ms Regina Doherty (EPP, Ireland)
For more information about the committee’s media activities, please the media centre.
Source: GlobeNewswire (MIL-OSI)
3 February 2025
HARGREAVE HALE AIM VCT PLC
(the “Company”)
DRIS Issue Price
The reference price of a new Ordinary Share under the Company’s Dividend Re-investment Scheme (“DRIS”) for the final and special dividends, announced on 18 December 2024 (the “Dividends”) has been set at 37.54p. This is the last published ex-dividend NAV per Ordinary Share, as at close of business on 31 January 2025.
Further information regarding the DRIS offered in respect of the Dividends can be found in the DRIS Mandate (the “DRIS Mandate“) available on the Company’s website to view and/or download at https://www.hargreaveaimvcts.co.uk/document-library/. The DRIS Mandate is also available on the National Storage Mechanism website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The payment date of the Dividends and the allotment date of the new Ordinary shares, to be issued pursuant to the DRIS (the “New Ordinary Shares”), is 14 February 2025. The date for admission and dealing of the New Ordinary Shares is expected to be on or around 21 February 2025.
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For further information, please contact:
| JTC (UK) Limited Uloma Adighibe Alexandria Tivey |
HHV.CoSec@jtcgroup.com +44 203 892 3877 +44 203 832 3891 |
LEI: 213800LRYA19A69SIT31