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Category: KB

  • MIL-OSI: Defiance ETFs, LLC announced today that the Board of Trustees of ETF Series Solutions has approved a one-for-eight (1-for-8) reverse split of the Defiance Next Gen H2 ETF (HDRO)

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 03, 2024 (GLOBE NEWSWIRE) —

    Defiance ETF Name Ticker Reverse Split Ratio Old CUSIP New CUSIP
    Defiance Next Gen H2 ETF HDRO 1:8 26922B600 TBD


    FAQs about Reverse Split

    What is a reverse split of an ETF?
    A reverse split of an ETF is a type of corporate action that reduces the number of outstanding shares of the ETF while proportionately increasing the ETF’s net asset value (“NAV”).

    What is the timing and effective date of the reverse split?
    The reverse split will become effective prior to market open on October 4, 2024. After this date, the ETF will trade at its adjusted post-split prices. The total market value of the ETF shares outstanding will not be affected as a result of this reverse split, except with respect to the redemption of fractional shares, as discussed below.

    Will a reverse split affect the value of a shareholder’s investment portfolio?
    No, a reverse split does not alter the total value of a shareholder’s investment portfolio. Shareholders will receive new shares in proportion to their existing holdings.

    Will the performance of the ETF be impacted by the reverse split?
    The performance of the ETF is based on its underlying portfolio holdings and is not affected by the reverse split.

    What are fractional shares?
    Shareholders holding fractional shares as a result of the reverse split may receive cash in lieu of those fractional shares, which could be a taxable event.

    Is shareholder approval required for a reverse split?
    No.

    Will a reverse split result in a ticker change?
    No.

    An investor should carefully consider the investment objectives, risks, fees, and other expenses carefully before investing. A prospectus or summary prospectus and other information about the Fund can be obtained by going to Defiance ETFs website http://www.defianceetfs.com. Read the prospectus or summary prospectus carefully before investing.

    All investments are subject to risks, including the loss of money and the possible loss of the entire principal amount invested.

    Past performance is not a guarantee or indicative of future investment results.

    Distributed by Foreside Fund Services, LLC.

    David Hanono
    Defiance ETFs
    +1 833-333-9383

    The MIL Network –

  • MIL-OSI Asia-Pac: Food and Consumer Affairs Minister of State planted sapling under “Ek Ped Maa ke Naam” campaign

    Source: Government of India (2)

    Posted On: 03 OCT 2024 4:50PM by PIB Delhi

    A plantation drive under the leadership of Hon’ble Minister of State for Consumer Affairs, Food & Public Distribution, Smt. Nimuben Jayantibhai Bambhaniya was organized on 01.10.2024 at Food Corporation of India (FCI) Depot, Mayapuri, New Delhi , under the “Ek Ped Maa ke Naam” campaign.

    As a part of the Swachhata Hi Sewa (SHS)- 2024 and pre-cursor to the implementation phase of Specail Campaign 4.0, the senior officers of the Department of Food and Public Distribution inspected the various sections of the Department on 01.10.2024. They also sensitized the staff about the importance of cleanliness in every day life.

    Warehousing Development and Regulatory Authority distributed safety gears to Safai Mitras as a part of Swachhata Hi Seva 2024 Campaign on 01.10.2024.

    National Sugar Institute (NSI), Kanpur  cleaned  an  identified black spot (Cleanliness Target Unit)  as a part of their contribution to the SHS-2024.

    Indian Grain Storage Management & Research Institute (IGMRI), Hapur, cleaned the dumping yard  area in front of its Staff Colony on Meerut Road  and the site was transformed by filling it with soil. Additionally, a hedge was also planted to maintain  the cleanliness of the area and enhance the aesthetic appeal of the location.

    Details of activities by Food Corporation of India and its Regional/ Zonal Offices 01.10.2024:-

    Food Corporation of India HQ, New Delhi, carried out a mass cleanliness rally at nearby areas from Headquarter to Shankar Market to Shivaji Bridge Railway Station and back to Headquarter with local vendors participating in the program. The program was flagged off by Executive Director (P) with a motivational speech on importance of Swachhata in one’s daily life and routine.

     

    As a Swachhata Hi Seva (SHS) 2024 initiative, FCI ZO (East) conducted a Cleanliness Drive across the office premises and showed their commitment to creating of a cleaner, healthier environment and reinforcing the importance of hygiene/sanitation in our daily life.

    Regional Office, Nagaland, organized mass cleanliness campaign in which their dedicated staffs and Safai Mitras participated enthusiastically.

       The Employees of Regional Office, Ranchi, took out a Mass Cleanliness rally with banners and placards to promote the message of Swachhata in everyday life.

    In line with activities under Swachhata Hi Seva 2024, employees of Zonal Office, Guwahati participated in a walkathon.  They also removed garbage from the identified Black spot at Gandhi Manap, Guwahati.

    A Mass cleanliness drive was organized by employees of Zonal Office North, Noida to show their commitment towards Swachhata.

    Details of activities by Central Warehousing Corporation (CWC) under SHS 2024 on 01.10.2024:-

    A cleanliness drive was organized at Central Warehouse, Surajpur during the  Swachhata Abhiyan.

    Cleanliness drive at Regional Office, Ahmedabad:

    *****

     

    Nihi Sharma

    (Release ID: 2061558) Visitor Counter : 46

    MIL OSI Asia Pacific News –

  • MIL-OSI: Employers Holdings, Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    HENDERSON, Nev., Oct. 03, 2024 (GLOBE NEWSWIRE) — Employers Holdings, Inc. (the “Company”) (NYSE:EIG) today announced that it will release its third quarter 2024 financial results after market close on Wednesday, October 30, 2024, after which these materials will be available on the Company’s website at http://www.employers.com through the “Investors” link.

    Conference Call Details
    The Company will then review these financial results via a conference call and webcast on Thursday, October 31, 2024, at 11:00 a.m. EDT / 8:00 a.m. PDT.

    To participate in the live conference call, you must first register here. Once registered you will receive dial-in numbers and a unique PIN number. The webcast will be accessible on the Company’s website at http://www.employers.com through the “Investors” link.

    An archived version of the webcast will be accessible on the Company’s website following the live call.

    © 2024 EMPLOYERS. All rights reserved.

    EMPLOYERS® and America’s small business insurance specialist® are registered trademarks of EIG Services, Inc. Employers Holdings, Inc. is a holding company with subsidiaries that are specialty providers of workers’ compensation insurance and services focused on small and select businesses engaged in low-to-medium hazard industries. The Company operates throughout the United States, with the exception of four states that are served exclusively by their state funds. Insurance is offered through Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company, Employers Assurance Company and Cerity Insurance Company, all rated A- (Excellent) by the A.M. Best Company. Not all companies do business in all jurisdictions. See http://www.employers.com and http://www.cerity.com for coverage availability.

    Contact:
    Michael Paquette (775) 327-2562 or mpaquette@employers.com

    The MIL Network –

  • MIL-OSI: HomeTrust Bank Committed to Serving Local Communities Following Hurricane Helene

    Source: GlobeNewswire (MIL-OSI)

    ASHEVILLE, N.C., Oct. 03, 2024 (GLOBE NEWSWIRE) — While the full impact of Hurricane Helene and its aftermath, including catastrophic rain and flooding, is still unknown, relief efforts continue, and HomeTrust Bank is committed and prepared to serve its employees and customers who were affected.

    “Our thoughts and prayers are with the many families and businesses impacted by the devastating flooding,” said C. Hunter Westbrook, President & Chief Executive Officer. “We want to assure everyone affected of our firm commitment to work with you to provide the banking support needed for your home, your business and our great communities. In addition, the teamwork and dedication of our employees has been tremendous as they restored bank operations while tending to their personal and familial responsibilities. We are also humbled by the support, supplies and outreach from other banks throughout the Southeast.”

    As we emerge from the devastation our communities have suffered, our top priority is the safety of our customers and our team members. We have now communicated with and confirmed the safety of all our employees, as well as assessed all our banking locations noting only minimal damage from the storm. We remained functionally operational throughout the storm, including electronic banking services and online operations, and currently all but three of our 36 locations have at least drive-thru banking available. With utilities and communications still impaired and unstable, particularly in our home base of Western North Carolina, please refer to our website at http://www.htb.com/hurricane-helene for the most recent updates and service availabilities.

    About HomeTrust Bancshares, Inc.
    HomeTrust Bancshares, Inc. (NASDAQ: HTBI) is the holding company for HomeTrust Bank. As of June 30, 2024, the Company had assets of $4.7 billion. The Bank, founded in 1926, is a North Carolina state chartered, community-focused financial institution committed to providing value added relationship banking with over 30 locations as well as online/mobile channels. Locations include: North Carolina (the Asheville metropolitan area, the “Piedmont” region, Charlotte and Raleigh/Cary), South Carolina (Greenville and Charleston), East Tennessee (Kingsport/Johnson City, Knoxville and Morristown), Southwest Virginia (the Roanoke Valley) and Georgia (Greater Atlanta).

    Forward-Looking Statements
    This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact, but instead are based on certain assumptions including statements with respect to the Company’s beliefs, plans, objectives, goals, expectations, assumptions and statements about future economic performance and projections of financial items. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated or implied by forward-looking statements. The factors that could result in material differentiation include, but are not limited to the impact of bank failures or adverse developments involving other banks and related negative press about the banking industry in general on investor and depositor sentiment; the remaining effects of the COVID-19 pandemic on general economic and financial market conditions and on public health, both nationally and in the Company’s market areas; natural disasters, including the effects of Hurricane Helene; expected revenues, cost savings, synergies and other benefits from merger and acquisition activities might not be realized to the extent anticipated, within the anticipated time frames, or at all, costs or difficulties relating to integration matters, including but not limited to customer and employee retention, might be greater than expected, and goodwill impairment charges might be incurred; increased competitive pressures among financial services companies; changes in the interest rate environment; changes in general economic conditions, both nationally and in our market areas; legislative and regulatory changes; and the effects of inflation, a potential recession, and other factors described in the Company’s latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other documents filed with or furnished to the Securities and Exchange Commission – which are available on the Company’s website at http://www.htb.com and on the SEC’s website at http://www.sec.gov. Any of the forward-looking statements that the Company makes in this press release or in the documents the Company files with or furnishes to the SEC are based upon management’s beliefs and assumptions at the time they are made and may turn out to be wrong because of inaccurate assumptions, the factors described above or other factors that management cannot foresee. The Company does not undertake, and specifically disclaims any obligation, to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

    http://www.htb.com

    The MIL Network –

  • MIL-OSI: Compass Diversified Declares Third Quarter 2024 Distributions on Common and Series A, B and C Preferred Shares

    Source: GlobeNewswire (MIL-OSI)

    WESTPORT, Conn., Oct. 03, 2024 (GLOBE NEWSWIRE) — Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today that its Board of Directors (the “Board”) has declared a quarterly cash distribution of $0.25 per share on the Company’s common shares (the “Common Shares”). The distribution for the three months ended September 30, 2024, is payable on October, 24, 2024, to all holders of record of Common Shares as of October 17, 2024.

    The Board also declared a quarterly cash distribution of $0.453125 per share on the Company’s 7.250% Series A Preferred Shares (the “Series A Preferred Shares”). The distribution on the Series A Preferred Shares covers the period from, and including, July 30, 2024, up to, but excluding, October 30, 2024. The distribution for such period is payable on October 30, 2024, to all holders of record of Series A Preferred Shares as of October 15, 2024.

    The Board also declared a quarterly cash distribution of $0.4921875 per share on the Company’s 7.875% Series B Preferred Shares (the “Series B Preferred Shares”). The distribution on the Series B Preferred Shares covers the period from, and including, July 30, 2024, up to, but excluding, October 30, 2024. The distribution for such period is payable on October 30, 2024, to all holders of record of Series B Preferred Shares as of October 15, 2024.

    The Board also declared a quarterly cash distribution of $0.4921875 per share on the Company’s 7.875% Series C Preferred Shares (the “Series C Preferred Shares”). The distribution on the Series C Preferred Shares covers the period from, and including, July 30, 2024, up to, but excluding, October 30, 2024. The distribution for such period is payable on October 30, 2024, to all holders of record of Series C Preferred Shares as of October 15, 2024.

    CODI’s common and preferred cash distributions should generally constitute “qualified dividends” for U.S. federal income tax purposes to the extent they are paid from “earnings and profits” (as determined under U.S. federal income tax principles), provided that the requisite holding period is met. To the extent that the amount of the cash distributions exceeds earnings and profits, such distribution will first be treated as a non-taxable return of capital to the extent of the holder’s adjusted tax basis in the shares, and thereafter be treated as a capital gain from the sale or exchange of such shares.

    CODI anticipates, but is not certain, that all 2024 distributions will be treated as qualified dividends, provided that the requisite holding periods are met. The final tax status of such amounts will be made and reported to shareholders in early 2025, when the determination of earnings and profits for the 2024 year is completed. The final tax status of the 2024 distributions may differ from this preliminary expectation.

    About Compass Diversified (“CODI”)
    Since its IPO in 2006, CODI has consistently executed its strategy of owning and managing a diverse set of highly defensible, middle-market businesses across the industrial, branded consumer and healthcare sectors. The Company leverages its permanent capital base, long-term disciplined approach, and actionable expertise to maintain controlling ownership interests in each of its subsidiaries, maximizing its ability to impact long-term cash flow generation and value creation. The Company provides both debt and equity capital for its subsidiaries, contributing to their financial and operating flexibility. CODI utilizes the cash flows generated by its subsidiaries to invest in the long-term growth of the Company and has consistently generated strong returns through its culture of transparency, alignment and accountability. For more information, please visit compassdiversified.com.

    Forward Looking Statements
    This press release may contain certain forward-looking statements, including statements with regard to the future performance of CODI and its subsidiaries. Words such as “believes,” “expects,” and “future” or similar expressions, are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the risk factor discussion in the Form 10-K filed by CODI with the SEC for the year ended December 31, 2023 and in other filings with the SEC. Except as required by law, CODI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Investor Relations
    Compass Diversified
    irinquiry@compassdiversified.com

    Gateway Group
    Cody Slach
    949.574.3860
    CODI@gateway-grp.com

    Media Relations
    Compass Diversified
    mediainquiry@compassdiversified.com

    The IGB Group
    Leon Berman
    212.477.8438
    lberman@igbir.com

    The MIL Network –

  • MIL-OSI: PennantPark Investment Corporation Schedules Earnings Release of Fourth Fiscal Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 03, 2024 (GLOBE NEWSWIRE) — PennantPark Investment Corporation (the “Company”) (NYSE: PNNT) announced that it will report results for the fourth fiscal quarter ended September 30, 2024 on Monday, November 25, 2024 after the close of the financial markets.

    The Company will also host a conference call at 12:00 p.m. (Eastern Time) on Tuesday, November 26, 2024 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (888) 394-8218 approximately 5-10 minutes prior to the call. International callers should dial (646) 828-8193. All callers should reference conference ID #3424889 or PennantPark Investment Corporation. An archived replay will also be available on a webcast link located on the Quarterly Earnings page in the Investor section of PennantPark’s website.

    ABOUT PENNANTPARK INVESTMENT CORPORATION

    PennantPark Investment Corporation is a business development company which principally invests in U.S. middle-market private companies in the form of first lien secured debt, second lien secured debt, subordinated debt and equity investments. PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC.

    ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

    PennantPark Investment Advisers, LLC is a leading middle market credit platform, managing $8.0 billion of investable capital, including potential leverage.  Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions.  PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles and Amsterdam.

    FORWARD-LOOKING STATEMENTS

    This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Investment Corporation undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

    CONTACT:
    Richard T. Allorto, Jr.
    PennantPark Investment Corporation
    (212) 905-1000
    http://www.pennantpark.com

    The MIL Network –

  • MIL-OSI Asia-Pac: Minister Dr Jitendra Singh advocates ‘Rule to Roll’ shift for result oriented governance

    Source: Government of India (2)

    Minister Dr Jitendra Singh advocates ‘Rule to Roll’ shift for result oriented governance

    PM Modi drives innovative governance reforms to modernise administration from optics to delivery: Dr Jitendra Singh

    Highlights the need for result-oriented Governance

    Mission Prarambh to equip new recruits for seamless transition into government roles, says Minister

    Posted On: 03 OCT 2024 5:05PM by PIB Delhi

    Union Minister of State (Independent Charge) for Science and Technology, MoS (I/C) for Earth Sciences, MoS PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr Jitendra Singh has strongly advocated ‘Rule to Role’ shift for result oriented governance.

    Union Minister Dr Jitendra Singh addressing the ‘Mission Karmayogi’ Workshop at New Delhi on Thursday.

    Addressing the ‘Mission Karmayogi’ workshop here today, Dr Jitendra Singh highlighted a significant transformation in India’s governance approach, moving from a traditional rule-based system to a dynamic, role-based framework. He explained that this shift ensures civil servants are better equipped to align their skills with the specific responsibilities of their roles, making the government more adaptable and efficient. “India 2047 requires us to transcend rigid rules and adopt a flexible, role-based approach that enhances our global competitiveness,” Dr Singh stated.

    The Minister credited Prime Minister Narendra Shri Narendra Modi for spearheading innovative governance reforms that have modernised the country’s administrative processes. Reforms such as the abolition of interviews for Group B and C positions and streamlining recruitment timelines have significantly improved the transparency and efficiency of the government’s functioning.

    “These reforms are reflective of the Prime Minister’s vision for a modern, merit-based system that prioritises performance and delivery,” he said. Emphasising the need for results-driven governance, Dr Jitendra Singh noted, “The journey from optics to delivery is critical.” He stressed that the success of governance should not be measured by appearances but by tangible outcomes that serve the public. “Moving from process-driven to performance-driven governance is the way forward for India to meet its global aspirations,” he remarked.

    Dr Jitendra Singh also referred to the introduction of ‘Mission Karmayogi Prarambh’, a key extension of ‘Mission Karmayogi’, designed to prepare new recruits for their roles from the moment they join the service. ‘Mission Prarambh’ ensures that new officers receive the necessary tools and training to transition smoothly into their positions, contributing to a more capable and motivated workforce across the government.

    During the workshop, Dr Jitendra Singh launched four new features of the iGOT-Karmayogi platform, aimed at enhancing the learning experience for government officials. He also released 20 new domain-specific courses under the Annual Capacity Building Plan (ACBP) of the Department of Personnel and Training (DoPT) to further strengthen skill development across ministries. Additionally, the Minister unveiled the “Know Your Ministry” initiative for the DoPT and released new learning modules under Mission Karmayogi, all designed to bolster capacity-building efforts across the government.

    The workshop saw the participation of several high-ranking officials, including Secretary, DoPT, Dr Vivek Joshi; Chairman, Capacity Building Commission, Shri Adi Zainulbhai; and CEO, Karmayogi Bharat, Smt V Lalitha Lakshmi, along with other senior officials from various ministries and departments.

    In closing remark, Dr Jitendra Singh reaffirmed that these reforms and initiatives are vital steps in India’s journey towards achieving its vision for 2047. The emphasis on capacity building, technology-driven governance, and performance-oriented processes will shape the future of Indian governance, aligning it with the evolving needs of a modern, competitive world.

    *****

    NKR/DK

    (Release ID: 2061564) Visitor Counter : 71

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: IIFT organizes regional conference of Asian and African chair holders of WTO Chairs Programme in New Delhi

    Source: Government of India (2)

    IIFT organizes regional conference of Asian and African chair holders of WTO Chairs Programme in New Delhi

    Conference highlights need for aligned trade strategies, digital solution for trade barriers and climate-responsive global trade norms

    Posted On: 03 OCT 2024 4:50PM by PIB Delhi

    The Indian Chair of the World Trade Organization (WTO) Chairs Programme (WCP) organised a  regional conference of the Asian and African Chairs on the theme Fostering Resilient and Responsible Trade for Changing Global Order at Vanijya Bhawan, New Delhi on 27thand 28thSeptember, 2024. The Indian Institute of Foreign Trade (IIFT) represented through its centres, namely, the Centre for Trade and Investment Law (CTIL) and the Centre for WTO Studies (CWS) administers the WTO Chair in India. The conference was inaugurated by Shri Ajay Bhadoo, Additional Secretary, Department of Commerce, Government of India.

    The key takeaways from the Conference are: (i) necessity of aligning regional and multilateral trade strategies for coherent global norms; (ii) importance of addressing barriers to trade using digital tools to ensure inclusivity and equal opportunities for all nations and stakeholders in international trade and (iii) critical need for robust climate action that accommodates the unique challenges faced by developing countries.

    Several dignitaries including India’s Ambassador and Permanent Representative to the WTO Dr. Senthil Pandian C.; Deputy Director General, WTO, Amb. Xiangchen Zhang; Vice Chancellor, IIFT, Prof. Rakesh Mohan Joshi; Head and Professor, CTIL and India Chair, WCP, Prof. James J. Nedumpara; Permanent Representative of France to the WTO, H.E. Ms. Emmanuelle Ivanov-Durand and H.E. Mr. Jung Sung Park, Deputy Permanent Representative of the Republic of Korea to the WTO addressed the gathering.

    The conference provided an opportunity for WTO chairholders, leading scholars, trade experts, and policymakers from across Asia and Africa to discuss ways and means of fostering resilient and responsible trade in a dynamic global economy.

    The Conference, over the two days, included seven thematic sessions on a broad array of topics relating to resilient and responsible trade, a keynote address by Henry J. Braker Professor of Commercial Law at The Fletcher School of Law and Diplomacy, Tufts University, United States, Prof. Joel Trachtman and a special address by CEO, NITI Aayog, Shri B. V. R. Subrahmanyam.

    The Conference also focused on critical issues at the intersection of global trade and sustainability. The discussions highlighted the need for coherence in trade strategies, the challenges of inclusive digital transformation, and the importance of responsible practices in critical mineral extraction with a specific focus on Asia and Africa regions. The event emphasized collaborative approaches to support developing countries in navigating complex trade dynamics and achieving sustainable development goals.

    In the thematic sessions, the representatives from the WCP Chairs from Asian and African institutions presented their ideas and experiences from a national, regional and multilateral perspective. The sessions covered topics such as regional aspects in international trade law, green industrial policies, critical minerals for a clean energy future, WTO dispute settlement system and sustainable climate actions.

    A roundtable of WCP Chairs was also held during the Conference to deliberate on collaborations between WCP Chairs of Asia and Africa. During the roundtable, the WCP Chairs discussed the role that the WTO could play in facilitating the network and the different ways in which the WCP Chairs could exchange knowledge, and experience and engage in academic partnerships under the aegis of WTO Chairs Programme.

    ***

    AD/VN/CNAN

    (Release ID: 2061557) Visitor Counter : 92

    MIL OSI Asia Pacific News –

  • MIL-OSI: Talen Energy Purchases TeraWulf’s Minority Share in Nautilus Cryptomine

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Oct. 03, 2024 (GLOBE NEWSWIRE) — Talen Energy Corporation (“Talen” or the “Company”) (NASDAQ: TLN), an independent power producer dedicated to powering the future, announced today that it has completed a transaction with TeraWulf Inc. (“TeraWulf”) to purchase TeraWulf’s interest in Nautilus Cryptomine (“Nautilus”), a 200-megawatt bitcoin mining facility in Berwick, Pa. As a result of the transaction, Talen now owns 100% of Nautilus.

    “We are pleased to complete this strategic transaction,” said Cole Muller, Executive Vice President -Strategic Ventures. “The transaction allows Talen the ability to reset a legacy below-market power purchase agreement and provides us with increased flexibility as we explore strategic alternatives in order to maximize the value per megawatt for our Susquehanna nuclear generation facility.”

    Under the terms of the agreement, Talen has purchased TeraWulf’s 25% share in Nautilus and obtained full control of the legacy power purchase agreement, for total consideration of $85 million cash along with select physical assets used in the bitcoin mining operation.

    About Talen

    Talen Energy (NASDAQ: TLN) is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 10.7 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, with our generation fleet principally located in the Mid-Atlantic and Montana. Our team is committed to generating power safely and reliably, delivering the most value per megawatt produced and driving the energy transition. Talen is also powering the digital infrastructure revolution. We are well-positioned to capture this significant growth opportunity, as data centers serving artificial intelligence increasingly demand more reliable, clean power. Talen is headquartered in Houston, Texas. For more information, visit https://www.talenenergy.com/.

    Investor Relations:
    Ellen Liu
    Senior Director, Investor Relations
    InvestorRelations@talenenergy.com

    Media:
    Taryne Williams
    Director, Corporate Communications
    Taryne.Williams@talenenergy.com

    Forward-Looking Statements

    This communication contains forward-looking statements within the meaning of the federal securities laws, which statements are subject to substantial risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this communication, or incorporated by reference into this communication, are forward-looking statements. Throughout this communication, we have attempted to identify forward-looking statements by using words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecasts,” “goal,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” or other forms of these words or similar words or expressions or the negative thereof, although not all forward-looking statements contain these terms. Forward-looking statements address future2 events and conditions concerning, among other things capital expenditures, earnings, litigation, regulatory matters, hedging, liquidity and capital resources and accounting matters. Forward-looking statements are subject to substantial risks and uncertainties that could cause our future business, financial condition, results of operations or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this communication. All of our forward-looking statements include assumptions underlying or relating to such statements that may cause actual results to differ materially from expectations, and are subject to numerous factors that present considerable risks and uncertainties.

    The MIL Network –

  • MIL-OSI Asia-Pac: Swachhata Hi Seva: Celebration of Gandhi Jayanti in Ministry of Minority Affairs with a focus on Swachhata Awareness

    Source: Government of India (2)

    Posted On: 03 OCT 2024 5:11PM by PIB Delhi

    Swachhata Hi Seva, 2024 was concluded with celebration of Gandhi Jayanti on 2nd of October, 2024 with great enthusias in the  Ministry of Minority Affairs. This year’s celebration was marked by a special emphasis on Swachhata awareness, aligning with Gandhiji’s vision for a clean and sustainable India.

    The event featured engaging activities aimed at promoting the importance of cleanliness in our daily lives. As a gesture of appreciation for the diligent efforts of the Ministry’s housekeeping staff, who are instrumental in maintaining hygiene and cleanliness, T-shirts were distributed to them. This initiative not only recognized their hard work but also encouraged a collective commitment to fostering a cleaner environment.

    In addition to the t-shirt distribution, a special lunch was organized for the housekeeping team as a token of appreciation for their invaluable contributions. The event served as a reminder that Swachhata is not just an individual responsibility but a shared commitment towards building a better society.

    ***

    SS/PRK

    (Release ID: 2061566) Visitor Counter : 59

    MIL OSI Asia Pacific News –

  • MIL-OSI: PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Fourth Fiscal Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 03, 2024 (GLOBE NEWSWIRE) — PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) announced that it will report results for the fourth fiscal quarter ended September 30, 2024 on Monday, November 25, 2024 after the close of the financial markets.

    The Company will also host a conference call at 9:00 a.m. (Eastern Time) on Tuesday November 26, 2024 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (888) 394-8218 approximately 5-10 minutes prior to the call. International callers should dial (646) 828-8193. All callers should reference conference ID #3226260 or PennantPark Floating Rate Capital Ltd. An archived replay will also be available on a webcast link located on the Quarterly Earnings page in the Investor section of PennantPark’s website.

    ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.

    PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.

    ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

    PennantPark Investment Advisers, LLC is a leading middle market credit platform, managing $8.0 billion of investable capital, including potential leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions.  PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles and Amsterdam.

    FORWARD-LOOKING STATEMENTS

    This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

    CONTACT:

    Richard T. Allorto, Jr.
    PennantPark Floating Rate Capital Ltd.
    (212) 905-1000
    http://www.pennantpark.com 

    The MIL Network –

  • MIL-OSI Asia-Pac: India Charts Course towards Maritime Decarbonization at High-Level Conference

    Source: Government of India

    India Charts Course towards Maritime Decarbonization at High-Level Conference

    The conference organised by Ministry of Ports, Shipping and Waterways underscored India’s commitment to achieving net-zero carbon emissions by 2070

    Through initiatives like the Harit Sagar Green Port Guidelines and Harit Nauka Green Transition Guidelines, we are setting a global example in the adoption of green energy, sustainable port operations, and cleaner shipping practices: Shri TK Ramchandran, Secretary, MoPSW

    Expert sessions highlighted global best practices and regulatory strategies to drive maritime decarbonisation

    Posted On: 03 OCT 2024 5:27PM by PIB Delhi

    The Conference on Maritime Decarbonization in India, co-hosted by the Ministry of Ports, Shipping & Waterways (MoPSW) and the Asian Development Bank (ADB), concluded today at Le Meridien, New Delhi. The event brought together over 200 delegates, including leaders from key Indian ports, central and state government officials, industry stakeholders, international experts, and academia to discuss the future of green shipping and port operations.

    The conference underscored India’s commitment to achieving net-zero carbon emissions by 2070 and highlighted strategic initiatives to decarbonize its maritime sector, aligned with the Maritime India Vision 2030. Discussions covered a range of critical themes, including green port infrastructure, clean harbor craft, the use of zero-carbon fuels, emissions reduction strategies, and the electrification of inland waterways.

    In his keynote address, Shri T. K. Ramachandran, Secretary, MoPSW, reinforced India’s determination to transform its maritime sector. He said “India’s maritime sector is not just a key driver of nation’s economy but also a critical player in our fight against climate change. Through initiatives like the Harit Sagar Green Port Guidelines and Harit Nauka Green Transition Guidelines, MoPSW is setting a global example in the adoption of green energy, sustainable port operations, and cleaner shipping practices. Our efforts today will define the maritime landscape of tomorrow, ensuring a balance between economic growth and environmental sustainability.”

    “MoPSWs ambition to embrace low or zero-emission fuels and transform all vessels in Indian waters into green vessels by 2047 exemplifies forward-thinking approach to climate action and sustainable maritime practices”.

    “The National Green Hydrogen Mission, with its goal of making India a global hub for green hydrogen production, reflects commitment to achieve net-zero emissions by 2070. By reducing carbon intensity and adopting ‘Working with Nature’ principles, MoPSW ensures that India’s maritime sector not only supports economic growth but also aligns with broader climate objectives, driving innovation and sustainability in every step”.

    One of the event’s highlights was a special session on Green Ports and Maritime Decarbonization, where experts shared knowledge and best practices for reducing the carbon footprint of Indian ports. The session included presentations from Ajay Kumar Singh, Head of DNV Maritime Advisory India, who discussed the role of smart ports in enhancing energy efficiency, and Lawrence Ong, Deputy Director of Maritime and Port Authority of Singapore, who shared insights into Singapore’s decarbonization journey.

    In another session, discussions focused on the role of zero-carbon fuels in maritime operations, with experts highlighting the need for early adoption of alternative fuels like green hydrogen and ammonia. Captain Prashant S. Widge of Maersk Line shared a shipowner’s perspective on the global challenges and opportunities in transitioning to green fuels, while Madhu Nair, CMD of Cochin Shipyard, presented the Indian experience with alternative fuels.

    The conference also spotlighted Inland Waterways as a key area for decarbonization, with presentations from R. Lakshmanan, Joint Secretary (IWT), MoPSW, and P. J. Shaji, CGM of Kochi Water Metro, showcasing successful efforts in reducing emissions and improving efficiency in water-based transportation. Shri Lakshmanan also suggested transitioning to low-emission alternative fuels would help tapping into the complete potential of IWT as a sustainable transportation mode. 

    During the session Shri. R. Lakshmanan, Joint Secretary (Ports), MoPSW emphasized the importance of continued collaboration within the sector, to drive tangible progress toward achieving decarbonization goals in India’s maritime industry. He emphasized on MoPSW blueprint for Ecosystem Development for Green Hydrogen Production and Export at Major Ports.

    The conference was expertly moderated by distinguished professionals from ADB and KPMG, ensuring insightful discussions and seamless coordination throughout the event. The conference concluded with a panel discussion moderated by Dr. Yesim Elhan-Kayalar, Advisor, ERDI, ADB, on India’s maritime decarbonization priorities and the path forward for sustainable and green shipping practices.

    As part of the outcomes, the conference emphasized the need for continued collaboration between government bodies, industry leaders, and international organizations to achieve shared decarbonization goals. It also set the stage for further discussions on innovative financing models and regulatory frameworks that support green shipping and port development.

    As India moves forward with its ambitious goals, the insights gained from the Conference on Maritime Decarbonization will play a crucial role in shaping policies and practices that contribute to a cleaner, greener maritime sector.

    ***

    NB/AK

    (Release ID: 2061576) Visitor Counter : 76

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Ministry of Power concludes Swachhata Hi Seva 2024 with felicitation of Sanitation/ Housekeeping staff (Safai-Mitras) and staff

    Source: Government of India

    Ministry of Power concludes Swachhata Hi Seva 2024 with felicitation of Sanitation/ Housekeeping staff (Safai-Mitras) and staff

    Ministry organizes 170 Safai Mitra Suraksha Shivirs (SMSS) during the campaign

    Posted On: 03 OCT 2024 5:26PM by PIB Delhi

    The Ministry of Power, along with its Central Public Sector Undertakings (CPSUs) and various associated organizations, organized activities of the Swachhata Hi Seva (SHS) campaign for 2024, themed “Swabhav Swachhata – Sanskaar Swachhata” (Cleanliness as Nature – Cleanliness as Culture).  This initiative focused on comprehensive cleanliness, raising community awareness, and promoting the benefits of maintaining a clean environment.

    Focus Areas

    The SHS 2024 campaign emphasized on three primary pillars:

    1. Swachhta Ki Bhagidari (Public Participation, Awareness, and Advocacy)
    2. Sampoorna Swachhta (Comprehensive Cleanliness, including Swachhta Lakshit Ekayi – CTUs)- some picture of CTUs (Before and After) are enclosed)
    3. Safai Mitra Suraksha Shivirs (Preventive Health Checkups and Social Security Coverage)

    Special attention was given to identifying, adopting, and maintaining Cleanliness Target Units (CTUs).

    Pre-Launch Activities

    In preparation for this campaign, the Ministry of Power and its organizations have initiated the following key activities:

    1. Nodal Officer Appointments: Nodal officers have been designated across the Ministry, CPSUs, and other organizations to streamline efforts. A dedicated WhatsApp group has been created for timely communication and action.
    2. Awareness Campaign: Banners and hoardings promoting SHS 2024 have been displayed at Shram Shakti Bhawan (SSB) and in the offices of CPSUs and other organizations. Social media platforms are also being leveraged to raise awareness about the upcoming activities.

    Progress Since the SHS 2024 Launch

    Since the official launch of SHS on September 17, 2024, the following actions were  undertaken:

    1. The Pledge: On launch day, the Ministry and its organizations collectively took a pledge to prioritize cleanliness both within and outside their offices.
    2. Tree Plantation Drive: A large-scale tree plantation initiative began on September 17, 2024, resulting in the planting of 5,011 trees to date.
    3. Community Engagement Initiatives: As of October 03rd , 2024, the following community-driven actions have been taken:
      • 1217 Swachhata Mein Jan Bhagidari (SMJB) initiatives have been launched.
      • 408 Swachhata Lakshya Ekai (SLE) units have been created.
      • 170 Safai Mitra Suraksha Shivirs (SMSS) have been organized.
      • 257 CTUs have been identified, adopted, and will be maintained over the years.
    4. Distribution of Sanitary Kits: On September 17 and 23, 2024, sanitary kits (gloves, masks, brooms, wipers, etc.) were distributed to housekeeping staff engaged in the Ministry to ensure safe and effective cleaning of office premises.
    5. Sanitary Pad Vending/Dispensing Machines and Incinerators: On September 26, 2024, sanitary pad vending machines and incinerators with a capacity of 100 pads were installed in the five female restrooms in Shram Shakti Bhawan, under the Ministry of Power, to promote a healthy and clean environment.
    6. Preventive Health Check-up: As part of the SHS 2024 campaign, a preventive health check-up camp was organized on September 26, 2024, for 25 Safai-Mitras (housekeeping staff) and staff involved in insecticide spraying.
    7. Distribution of Immunity Booster Kits: On September 26, 2024, Immunity Booster Kits, containing items like Chyawanprash, Dettol soap, masks, sanitizer, and protein supplements, etc. were provided to Safai-Mitras and drivers engaged in the general pool in the Ministry of Power.
    8. A Mega Shramdaan activity was organized for the employees of Ministry of Power officers/officials on 01st October, 2024 at nearby area of PFC office complex, Barakhamaba Road, New Delhi. Appx. 800 officers/officers were participated in this Shramdaan activity.

    Swachhata Hi Seva Concluded on October 2nd, 2024

    The Swachhata Hi Seva campaign 2024 was conclude on 2nd October 2024 (Swachh Bharat Diwas) with a Shramdaan activity conducted at Shram Shakti Bhawan, followed by felicitation of all the Sanitation/ Housekeeping staff (Safai-Mitras) and staff involved in insecticide spraying by distributing of Woolen Quilts to them for their consistent efforts in ensuring the success of this event.

    *****

    Sushil Kumar

    (Release ID: 2061574) Visitor Counter : 76

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Organizations under Ministry of Textiles conduct ‘Cleaning of Office Premises’ under Swachhata Hi Seva 2024

    Source: Government of India (2)

    Posted On: 03 OCT 2024 5:53PM by PIB Delhi

    Organizations under the Ministry of Textiles conducted ‘Cleaning of Office Premises’ under the Swachhata Hi Seva 2024 campaign.

    National Institute of Fashion Technology:

    Mass-scale cleanliness of dining and cooking spaces activities were undertaken under the Swachhta Hi Sewa Campaign on 01.10.2024.

    The Cotton Corporation of India Ltd., Navi Mumbai

    As a part of the “Swatchhata Hi Seva “ Campaign, a mass-scale cleanliness drive at public spaces was undertaken wherein all officials offered their Shramdaan in the said activity.

    Office of the Development Commissioner (Handicrafts):

    This office has done fogging of pest control activity. Fogging machines, also known as foggers or misters, serve as versatile tools in pest control and disinfection. These machines work by producing a fine mist or fog of pesticide or disinfectant solution, which effectively reaches and treats areas that are difficult to access using traditional methods.

    Central Cottage Industries Corporation of India Ltd., (CCIC) New Delhi:

    Pest control drive was undertaken at CCIC, JVB Showroom during the ‘Swachhta Hi Seva’ Campaign 2024.

      

    ***

    VN

    (Release ID: 2061594) Visitor Counter : 84

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Activities of Department of Agriculture and Farmers’ Welfare during the Preparatory Phase of Special Campaign 4.0

    Source: Government of India

    Posted On: 03 OCT 2024 5:30PM by PIB Delhi

    Special Campaign 4.0 was launched by Department of Administrative Reforms & Public Grievances (DARPG), which is being implemented in two phases namely Preparatory Phase from 16th – 30th September 2024 and Main Phase from 2nd – 31st October, 2024.

    For the Preparatory Phase, Nodal Officer of this Department has already been appointed.  Nodal Offices for all Divisions of this Department and all Subordinate / Attached Offices, PSU, Autonomous Bodies and Authorities under the administrative control of DA&FW have also been appointed.

    During the Preparatory Phase, Nodal Officers of all Division and of Subordinate / Attached Offices, PSU, Autonomous Bodies and Authorities under the administrative control of DA&FW have been asked to identify the pendency and  to furnish the given targets regarding cleanliness sites, space management, disposal of scrap & redundant items, disposal of references from MPs, State Governments, Inter-Ministerial references, Parliament Assurances, PMO References, Public Grievances and its Appeals and Record Management etc.

    During the Preparatory Phase from 16th to 30th Sept., 2024, the following parameters/targets have been identified in respect of the various Divisions of DA&FW and its Subordinate / Attached Offices, PSU, Autonomous Bodies and Authorities for the Special Campaign 4.0:

    S. No.

    Parameters

    Targets
    1.  

    No. of cleanliness campaign sites

    1172
    1.  

    Number of pending references from MPs

    44
    1.  

    Number of pending references from State Governments

    06
    1.  

    Pending Parliamentary Assurances

    15
    1.  

    Pending PMO References

    01
    1.  

    Number of Rules/Processes identifying for simplification

    01
    1.  

    Pending Public Grievances

    4702
    1.  

    Pending PG Appeals

    284
    1.  

    Number of files to be reviewed

    43040
    1.  

    Number of e-files to be reviewed

    1050

     

    The main phases started from today i.e 03.10.2024

    This Department also participated in Swachhta Hi Sewa – 2024 Campaign in which, around 930+ events were organized under SHS-2024. Out of these events, 645+ sub-events were organized under “Swachhta Me Jan Bhagidari” component. Across the country, 63 Cleanliness Target Units (CTUs) were identified and under these 63 CTUs, Shramdan and cleanliness drive at 258 locations under Swachhta Lakshit Ekayi, were conducted. 29 Safai Mitra Suraksha Shivirs were organized. 

    On occasion of Gandhi Jayanti on 2nd October, 2024, Shramdan and cleanliness drives was organized at Subordinate / Attached Offices, PSU, Autonomous Bodies and Authorities under the administrative control of this Department.

    Shramdan and cleanliness drive was organized at North Eastern Region Farm Machinery Training & Testing Institute, Biswnath Chariali, District: Biswanath, Assam

    Shramdan and cleanliness drive was organized at Locust cum IMP Centre, Nagaur, Rajasthan.

    In the Implementation Phase from 2nd to 31st October, 2024, all sincere and dedicated efforts will be made to achieve the given targets identified during the Preparatory Phase for Special Campaign 4.0 by all Divisions/Sections and outstation/field offices under the administrative control of DA&FW.

    ****

    S S

    (Release ID: 2061577) Visitor Counter : 49

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: NICDC’s Logistics Data Bank achieves milestone of tracking 75 Million containers

    Source: Government of India (2)

    NICDC’s Logistics Data Bank achieves milestone of tracking 75 Million containers

    Revolutionizing logistics landscape, Logistics Data Bank fuels India’s growth as a global manufacturing hub

    Posted On: 03 OCT 2024 6:10PM by PIB Delhi

    Logistics Data Bank (LDB), a key initiative under NICDC Logistics Data Services Ltd. (NLDSL), has achieved a significant milestone by successfully tracking over 75 million EXIM containers. This achievement underscores LDB’s role in transforming India’s logistics ecosystem, providing the sector with greater visibility and analytics.

    CEO & MD, NICDC and Chairman, NLDSL, Shri Rajat Kumar Saini commended the achievement, stating, “This is a monumental achievement for NLDSL and LDB. Tracking 75 million containers reflects the growing impact of digitalization in India’s logistics sector. LDB has significantly enhanced the country’s supply chain efficiency and is instrumental in India’s journey toward becoming a global manufacturing hub. Our commitment remains unwavering in continuing to support the growth of the logistics sector.”

    LDB serves as a single-window container logistics visualization system, providing comprehensive tracking using container numbers. This system tracks containers between ports and their hinterlands, including Inland Container Depots (ICDs), Container Freight Stations (CFSs), port-associated parking plazas, toll plazas, railway stations, industrial corridors, SEZs, and empty yards, etc. during EXIM and domestic journeys.

    The World Bank’s Logistics Performance Index (LPI), which ranks countries based on their logistics performance, has recognized the pivotal role of LDB in India’s improved rankings. India’s LPI ranking improved from 44 in 2018 to 38 in 2023, showcasing the significant advancements in logistics efficiency driven by LDB’s contributions.

    Moreover, LDB has seen widespread acceptance within the trade community, with an average of over 45 lakh unique container searches per month. This high usage reflects the system’s effectiveness and the value it brings to stakeholders within the logistics sector. LDB’s tracking services can be accessed through a single window via http://www.ldb.co.in, simplifying the container tracking process for logistics stakeholders.

    In addition to container tracking, LDB also publishes analytics reports, offering valuable insights into metrics such as dwell time, transit time, and comparative performance of various ports and terminals. These reports provide stakeholders with essential data to enhance logistics efficiency.

    About LDB

    The project is currently operational at all the port terminals across 18 ports (30 Terminals which handles 100% container traffic) in India, encompassing approximately 435+ Container Freight Stations (CFSs), Inland Container Depots (ICDs), Empty Yards (EYs), Parking Plazas (PPs), as well as around 183 Toll plazas, 03 Integrated Check Posts (ICPs), 11 Industrial Zones and 88 Manufacturing Special Economic Zones (SEZs).

    About NLDSL

    NICDC Logistics Data Services Ltd. (NLDSL) has been at the forefront of transforming India’s logistics sector through its innovative solutions like LDB and ULIP. By leveraging advanced technology, NLDSL has enhanced efficiency, transparency, and digitization within the industry.

    The company was established on December 30, 2015, with the primary objective of harnessing Information and Communication Technology (ICT) to enhance efficiency in the Indian logistics sector. It is a joint venture between the Government of India represented by National Industrial Corridor Development and Implementation Trust (NICDIT) and Japanese IT major NEC Corporation.

     ***

    AD/VN/CNAN

    (Release ID: 2061600) Visitor Counter : 72

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Commerce and Industry Minister Shri Piyush Goyal and US Secretary of Commerce Ms. Gina Raimondo co-chair India-U.S. CEO Forum

    Source: Government of India (2)

    Commerce and Industry Minister Shri Piyush Goyal and US Secretary of Commerce Ms. Gina Raimondo co-chair India-U.S. CEO Forum

    Forum stands as indispensable catalyst for economic cooperation between India and US; serves as key advisory body to India-US Commercial Dialogue

    Posted On: 03 OCT 2024 5:59PM by PIB Delhi

    The India-U.S. CEO Forum, chaired jointly by Union Minister of Commerce and Industry, Government of India, Shri Piyush Goyal, and US Secretary of Commerce, Ms. Gina Raimondo was held today in Washington D.C., USA.

    The India-U.S. CEO Forum convened as a platform to allow private sector members to develop and provide recommendations to the Indian and US governments that reflect the private sector’s views, concerns and suggestions about the creation of an environment in which the bilateral economic links are strengthened. The Forum works in tandem with, and provides inputs to, government-to-government U.S.-India Commercial Dialogue.

    The Forum is co-chaired from Private Sector by Mr. N. Chandrasekaran, Chairman, Tata Sons, and Mr. James Taiclet, President and Chief Executive Officer, Lockheed Martin. This is the third time the Forum has been convened since its reconstitution in November 2022 by the Governments of India and the USA and saw participation from 16 CEOs. Both governments appreciated the Forum’s progress on initiatives and its achievements over the past two years.

    The CEOs, under the seven working groups, presented priority areas to create stronger partnerships and boost growth across various critical areas such as Entrepreneurship and Promoting Small Businesses, Healthcare and Pharmaceuticals, Aerospace and Defence, ICT and Digital Infrastructure, Energy, Water and Environment, Infrastructure and Manufacturing, Financial Services, Trade and Investments, among others.

    Both sides deliberated on the progress made as of the last meeting of the Forum in March 2023, including the launching of innovation handshake and a knowledge sharing platform called NIHIT (Network for Innovation and Harnessing Investments and Trade).

    Government representatives and CEOs reaffirmed their commitment to strengthening commercial and trade ties, driving economic growth and innovation, and fostering a resilient bilateral partnership.

    Earlier during the day, Minister Goyal began his third day of the U.S. tour with the offering of a floral tribute at the Mahatma Gandhi Memorial across the Embassy of India in Washington D.C. in remembrance of his 155th birth anniversary.

    The Minister of Commerce and Industry met with the U.S. Secretary of Commerce Ms. Gina Raimondo over a luncheon meeting and discussed areas of mutual interests. They discussed the pathway for strengthening bilateral cooperation in critical minerals supply chains as recommended by the US-India CEO forum. They also discussed opportunities to increase US investments in India especially in some of the new industrial cities being planned in India.

    ***

    AD/VN/CNAN

    (Release ID: 2061595) Visitor Counter : 73

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Union Home Minister and Minister of Cooperation Shri Amit Shah inaugurates and lays foundation stone of projects worth ₹919 cr including various development works of Ahmedabad Municipal Corporation (AMC) in Gujarat

    Source: Government of India

    Union Home Minister and Minister of Cooperation Shri Amit Shah inaugurates and lays foundation stone of projects worth ₹919 cr including various development works of Ahmedabad Municipal Corporation (AMC) in Gujarat

    After Mahatma Gandhi, Prime Minister Shri Narendra Modi is the only national leader who transformed the cleanliness campaign into a mass movement

    Prime Minister Shri Narendra Modi has worked to spread the cleanliness campaign and its ethos throughout the country

    Efforts should be made to bring Ahmedabad to the top in the upcoming cleanliness survey

    The construction of modern schools in the area by the Nagar Prathmik Shiksha Samiti is a commendable initiative

    These initiatives being taken by Nagar Prathmik Shiksha Samiti will become an important medium for the overall development of children by making the education system easier

    Posted On: 03 OCT 2024 6:28PM by PIB Delhi

    Union Home Minister and Minister of Cooperation, Shri Amit Shah today inaugurated and laid foundation of projects worth Rs. 919 crore in Gujarat including various development works of Ahmedabad Municipal Corporation (AMC).  On this occasion Chief Minister of Gujarat, Shri Bhupendra Patel and many other dignitaries were also present.    

    Beginning his address with Navratri greetings, Shri Amit Shah said that today, development projects worth ₹919 crore have been inaugurated and laid the foundation for, which include works related to health, education, libraries, parks, and small street vendors. He stated that the most significant of these is the construction of modern schools by the Municipal Nagar Prathmik Siksha Samiti. Shri Shah expressed his gratitude towards AMC, stating that due to the corporation’s efforts, all municipal primary schools in his parliamentary constituency have successfully been transformed into model schools.

    Union Home Minister and Minister of Cooperation said that if children properly benefit from the initiatives of the Primary Education Committee, there will be no doubt that India’s future is bright. He added that when we see children from poor families taking an interest in subjects like science, art, music, and many others, all the despair in life disappears, and we feel confident that India’s future is bright.

    Shri Amit Shah said that today, development projects worth approximately ₹472 crore have been inaugurated and laid the foundation for in the Gandhinagar Lok Sabha constituency. Additionally, development projects worth around ₹446 crore have been inaugurated and launched in Ahmedabad East Lok Sabha constituency of MP Shri Hasmukhbhai Patel and in Ahmedabad West Lok Sabha constituency of MP Shri Dineshbhai Makwana. He mentioned that all these development projects will enhance facilities for the residents of Ahmedabad city.

    Shri Shah further said that Gujarat Chief Minister Shri Bhupendra Patel, over the past few years, has approved projects worth ₹23,951 crore in Ahmedabad city, Kalol and Sanand taluka, some areas of Ahmedabad city, and the Gandhinagar Lok Sabha constituency. Moreover, Prime Minister Shri Narendra Modi has also inaugurated development projects worth around ₹14,000 crore. He added that in the past five years, a total of ₹37,000 crore worth of development projects have been carried out in just one Lok Sabha constituency.

    Union Home Minister and Minister of Cooperation said that numerous development initiatives have been undertaken in seven assembly constituencies of Ahmedabad. These include efforts related to child nutrition, exercise facilities, libraries to enhance knowledge for adolescents, water collection ponds, the planting of 4 million saplings in a year, the construction of roads, overbridges, street lights, hospitals, primary health centers, and primary schools.

    Shri Amit Shah said that AMC has decided to bring Ahmedabad to the forefront in the cleanliness campaign competition. He emphasized that efforts should be made to bring Ahmedabad to the top in the upcoming cleanliness survey. Shri Shah acknowledged that it might not be possible to achieve the first position this time, but we should set a goal to make a fresh start and work towards creating an Ahmedabad that reaches the top position in cleanliness among all municipal corporations in India by next year.

    Union Home Minister stated that after Mahatma Gandhi, Prime Minister Shri Narendra Modi is the only national leader who has turned the cleanliness campaign into a people’s movement. Prime Minister Modi envisioned that every home in the country should have toilet facilities. After 70 years of independence, Prime Minister Shri Narendra Modi initiated this campaign. His aim was to ensure that clean drinking water is available in every household, and that our homes, societies, streets, cities, and villages are clean, fostering a culture of cleanliness among citizens. Union Home Minister mentioned that Shri Narendra Modi is the only Prime Minister who has spoken about the construction of toilets from the ramparts of the Red Fort.

    Shri Amit Shah said that Prime Minister Shri Narendra Modi has worked to promote the cleanliness campaign and its values across the entire country, from Nagaland to Kerala and from Uttar Pradesh to Assam.

    *****

    RK/VV/ASH/PS

    (Release ID: 2061610) Visitor Counter : 44

    Read this release in: Hindi

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: Iraqi experts get insight into Moscow’s intelligent transport system

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Department of Transport

    Nineteen specialists from the Iraqi Department of Traffic Management recently completed an intensive training program on intelligent transportation systems in Moscow. The educational program, initiated by the Department of Transport and Development of Road Transport Infrastructure of Moscow, was conducted by the Smart Cities Department of Synergy University.

    The program included a significant emphasis on practical application, with participants visiting key transport infrastructure facilities throughout the city. They learned about modern methods of road marking at the State Budgetary Institution “Motor Roads” and observed the work of the Unified Dispatch Center of the Moscow Metro and the Traffic Management Center.

    Upon completion of the training, Iraqi specialists received certificates confirming successful completion of the program. Representatives of the Iraqi Embassy attended the ceremony and expressed gratitude to the Moscow Department of Transport and Synergy University for the high level of organization and implementation of the course.

    Previously, similar training programs were conducted for specialists from Uzbekistan and Kyrgyzstan.

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: LAUNCH OF 25T BOLLARD PULL TUG, ASHVA (YARD 337)

    Source: Government of India (2)

    LAUNCH OF 25T BOLLARD PULL TUG, ASHVA (YARD 337)

    THIRD 25T BOLLARD PULL TUG ON 03 OCT 24 AT M/s TRSL KOLKATA

    Posted On: 03 OCT 2024 6:28PM by PIB Delhi

    Third 25T Bollard Pull (BP) Tug, Ashva (Yard 337) was launched by Cmde Ajay Yadav, NOIC (WB) on 03 Oct 24 at M/s Titagarh Rail Systems Limited Kolkata. This Tug is a proud flag bearer of “Make in India” initiative of Govt of India.

    Contract for construction and delivery of six 25T BP Tug was concluded with M/s Titagarh Rail Systems Limited (TRSL) in consonance with “Atmanirbhar Bharat” initiative of the Government of India. This Tug is built under the classification rules of Indian Register of Shipping (IRS). The availability of Tugs will provide impetus to Operational commitments of IN by facilitating assistance to Naval ships and submarines during berthing and un-berthing, turning and manoeuvring in confined waters. The Tugs will also provide afloat firefighting assistance to ships alongside, and at anchorage, and will also have capability to conduct limited Search and Rescue Operations.

    _______________________________________________________________

    VM/SKY                                                                                                        193/24

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    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: Iraqi Experts Gain Insights into Moscow’s Smart Transportation System

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Department of Transport

    Nineteen specialists from the Iraqi Department of Traffic Management recently completed an intensive training program on intelligent transportation systems in Moscow. The educational program, initiated by the Moscow Department of Transport and Development of Road and Transport Infrastructure, was delivered by the Smart Cities Faculty of Synergy University.

    The program included a significant focus on practical applications, with participants visiting key transportation infrastructure sites throughout the city. They gained firsthand experience with modern road marking techniques at the Automobile Roads State Budgetary Institution, observed the operations of the Moscow Metro Unified Dispatching Center and the Road Traffic Control Center.

    At the conclusion of the training, Iraqi specialists received certificates acknowledging their successful completion of the program. The ceremony was attended by representatives of the Iraqi Embassy, ​​who expressed gratitude to the Moscow Department of Transport and Synergy University for the high standard of organization and delivery of the course.

    Previous similar training programs have been conducted for specialists from Uzbekistan and Kyrgyzstan.

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Dr. Mansukh Mandaviya Chairs 4th General Council Meeting of Khelo India Scheme

    Source: Government of India (2)

    Dr. Mansukh Mandaviya Chairs 4th General Council Meeting of Khelo India Scheme

    Draft Sports Policy Released for Public Consultation

    Union Minister Directs Reconstitution of Sub-Committees for Athlete Welfare, Talent Identification, and Strengthening Sports Ecosystem

    Union Minister Stresses Whole-of-Government Approach for Coordinated Talent Identification Efforts Across Agencies

    Ministry to Develop Dedicated Portal for Sports Recruitment in Collaboration with States and Central Ministries

    Unified National Database to Capture and Consolidate All Existing Sports Infrastructure in the Country

    Posted On: 03 OCT 2024 6:34PM by PIB Delhi

    The 4thmeeting of the General Council (GC) of the Khelo India Scheme was held under the chairmanship of Union Minister of Youth Affairs & Sports and Labour & Employment, Dr. Mansukh Mandaviya in New Delhi today. The meeting was attended by senior officials from States, prominent Sports Control Boards, National Sports Federations, and key representatives from Central Ministries.

    In a significant announcement, the Union Minister informed that a Draft Sports Policy has been released on the Ministry’s website for public consultation. This policy aims to modernize and update the current framework in line with the evolving sports landscape of the country. Stakeholders, including the governments of States and Union Territories, as well as the general public, are invited to submit their feedback. Once finalized, this policy will also serve as a model for states that have yet to establish their own sports policies.

    During the meeting, Dr. Mandaviya reviewed the progress of the Khelo India Scheme and held detailed discussions on improving sports infrastructure and facilities to enhance athlete performance. He emphasized the need for a Whole-of-Government Approach to ensure coordination among various agencies involved in talent identification and nurturing under different Central and State Government schemes, Public Sector Undertakings (PSUs), and National Sports Federations.

    The Union Minister directed the reconstitution of sub-committees to focus on:

    1. Improving recruitment policies and procedures across Ministries and Departments to ensure better career progression for sportspersons.
    2. Enhancing welfare and support systems for athletes.
    3. Developing effective programs for talent identification at the grassroots level.

    In another key decision, Union Minister announced the creation of a dedicated portal that will contain information on sports recruitment across Central Ministries. States will also be encouraged to use this platform to advertise sports quota vacancies, improving accessibility and transparency in recruitment.

    The meeting also included a review of the progress on the unified sports infrastructure database under PM Gati Shakti. Dr. Mandaviya directed the collation of data from States, Sports Federations, and other entities to create a comprehensive inventory of all sports infrastructure in the country.

    ******

    Himanshu Pathak

    (Release ID: 2061612) Visitor Counter : 144

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: 13,822 Jan Aushadhi Kendras have been established across the country

    Source: Government of India (2)

    13,822 Jan Aushadhi Kendras have been established across the country

    In the last 10 years, medicines worth Rs.6100 crores sold through Pradhan Mantri Bhartiya Janaushadhi Pariyojana; led to estimated savings of Rs. 30,000 Crores for citizens as compared to the branded medicines

    Posted On: 03 OCT 2024 7:16PM by PIB Delhi

    Under the Pradhan Mantri Bhartiya Janaushadhi Pariyojana, as of September 30, 2024, a total of 13,822 Jan Aushadhi Kendras have been established across the country. Notably, in September 2024, these Kendras achieved record sales of ₹200 Crores – the highest monthly sales in the history of the Pradhan Mantri Bhartiya Janaushadhi Pariyojana.

    For comparison, in September 2023, sales were ₹141 Crores, highlighting a significant 42% growth on year to year basis. This remarkable increase reflects the programs success in providing affordable and accessible healthcare solutions to the masses. Overall up to September 2024, there has been 31.20% of total annual growth as sales target of Rs. 913.30 Cr. has already been achieved. Almost 10 lakh people daily purchase medicines from Jan Aushadhi Kendras.

    Under Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP), in last 10 years, sale of medicines worth Rs. 6100 crores have been done through Kendras, which has led to estimated savings of Rs. 30,000 Crores for the citizens as compared to the branded medicines.

    Under the PMBJP, a medicine is priced on the principle of a maximum of 50% of the average price of the top three branded medicines. The price of Jan Aushadhi Medicines, surgical devices and nutraceutical products are cheaper at least by 50% and in some cases, by 80% to 90% of the market price of branded medicines available in the market. PMBI has already been progressing at very fact pace towards achieving the target of 25000 Jan Aushadhi Kendras in India.

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    MV/AKS

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Department of Pharmaceuticals conducts comprehensive exercise to identify targets under Special Campaign for Disposal of Pending Matters (SCDPM) 4.0

    Source: Government of India (2)

    Department of Pharmaceuticals conducts comprehensive exercise to identify targets under Special Campaign for Disposal of Pending Matters (SCDPM) 4.0 

    Department of Pharmaceuticals identified 11,0046 sites for cleaning activities, surpassing the 9,624 sites achieved in the previous phase

    The Department of Pharmaceuticals is among the few ministries achieving 100% digitization of file management maintaining a fully paperless office

    Posted On: 03 OCT 2024 7:15PM by PIB Delhi

    As part of the preparatory phase for Special Campaign 4.0, the Department of Pharmaceuticals, along with its affiliated offices (NPPA), autonomous bodies (NIPERs), PSUs (HAL, KAPL, and BCPL), and the society (PMBI), conducted a comprehensive exercise to identify targets based on parameters and criteria set by the Department of Administrative Reforms & Public Grievances (DARPG). These targets have been uploaded on the SCDPM 4.0 Portal.

    In this phase, the Department of Pharmaceuticals identified 11,0046 sites for cleaning activities, surpassing the 9,624 sites achieved in the previous phase. The Department remains committed not only to ensuring accessibility, availability, and affordability of medicines for all but also to promoting cleanliness and environmental sustainability through this initiative. The Pharmaceutical and Medical Devices Bureau of India (PMBI), a society under the Department’s aegis, is leading the implementation of this campaign. PMBI is mobilizing efforts to clean a vast network of 11,000 Pradhan Mantri Bhartiya Janaushadhi Kendras (PMBJKs), with 2,786 in the East Zone, 2,700 in the North Zone, 2,718 in the South Zone, and 2,796 in the West Zone. Additionally, the National Pharmaceutical Pricing Authority (NPPA), through its 20 Price Monitoring and Resource Units (PMRUs), National Institutes of Pharmaceutical Education & Research (NIPER), and three PSUs—Karnataka Antibiotics & Pharmaceuticals Limited(KAPL), Hindustan Antibiotics Limited(HAL), and Bengal Chemicals & Pharmaceuticals Limited (BCPL)—are contributing by organizing outdoor cleaning campaigns.

    Furthermore, the Department of Pharmaceuticals is among the few ministries that have achieved 100% digitization of file management, maintaining a fully paperless office. Currently, there are 9,797 e-files, of which 5,126 are active. During the campaign period, the Department will review the “4,671 parked files.”  In addition, total 4805 Physical files have been identified by NPPA, NIPERs and PSUs.

    Additionally, the PSUs under the Department have committed to disposing of identified scrap following due procedures, with an expected revenue of approximately ₹33 lakhs. The goal is to achieve full compliance with all identified parameters across attached offices, autonomous institutions, and PSUs by the end of the campaign, while also reducing pendency in the key areas highlighted by the Department of Administrative Reforms & Public Grievances (DARPG).

    Overall, the Department aims to significantly reduce pendency in all targets identified during the preparatory phase of Special Campaign 4.0.

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    MV/AKS

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Swachhta Hi Seva , 2024 campaign successfully conducted by Ministry of Parliamentary Affairs

    Source: Government of India (2)

    Posted On: 03 OCT 2024 7:41PM by PIB Delhi

    Swachhta Hi Seva, 2024 Fortnight was observed by Ministry of Parliamentary Affairs from 14thSeptember to 2ndOctober, 2024 with the theme ‘Swabhav Swachhta- Sanskar Swachhta’.

    To mark the launch of Swachhta Hi Seva (SHS) 2024, Swachhata Pledge was administered by Shri Umang Narula, Secretary, Ministry of Parliamentary Affairs on 17.09.2024 in a function wherein Dr. Satya Prakash, Additional Secretary and other officers/officials of the Ministry were present.

    During the Swachhta Hi Seva 2024 campaign, various activities like “Swachhata Bhagidari” through “Shramdaaan” (Cleanliness drives with participation of all)/ reviewing/recording/weeding out of physical files etc. were conducted in the Ministry.

    Shri Umang Narula, Secretary and Dr. Satya Prakash, Additional Secretary, Ministry of Parliamentary Affairs led the Mass Cleanliness Drive at and around Kerala Education Society Senior Secondary School, R. K. Puram, New Delhi. Officers/officials of Ministry of Parliamentary Affairs along with School children took part in the Shramdaan for the cause of Swachhata.

    In line with the campaign, a Tree Plantation Drive was conducted under Ek Ped Maa Ke Naam Abhiyan, led by Shri Umang Narula, Secretary, MoPA and Dr. Satya Prakash, Additional Secretary, MoPA in the same School. The tree plantation symbolizes the Ministry’s commitment to environmental conservation besides its protection and the promotion of a cleaner and greener India.

    This event underscores the Ministry’s ongoing efforts to uphold the values of cleanliness and environmental responsibility as part of its larger mission to serve the public good. Trees play an important role in keeping our environment clean. By providing clean air, they make us healthy.

    To imbibe the spirit of Swachhata amongst students, an Essay writing competition was also held in the same school on the theme of SHS 2024 “Swabhaav Swachhata, Sanskar Swachhata” wherein students from different classes participated. To encourage students, Secretary, MoPA awarded best three students of Essay competition with Cash prize and Certificates for their performance in Essay writing competition.

    Ministry regularly kept posting Messages on Social Media Platforms about cleanliness activities being conducted.

    Secretary and Additional Secretary carried out inspections in the Ministry to check status of cleanliness etc. for ensuring progress of SHS campaign.

    SHS, 2024 campaign ended with felicitation of Safai Mitras who work tirelessly behind the scenes to keep our communities clean and safe. In the concluding ceremony, Additional Secretary gave a clear message that  Swachhata campaign may not be limited to a fortnight only but everyone must do efforts every day to ensure neatness and cleanliness of environment around us and also that internal cleanliness (purity of mind) is as much as important and desirable as the external cleanliness.

    Secretary, Ministry of Parliamentary Affairs lauded the efforts of the employees and insisted maintaining the momentum throughout the year. The successful campaign undertaken and enthusiastic participation made by employees reinforce the Ministry’s untiring commitment to a cleaner and healthier India.

    ***

    SS/PRK

    (Release ID: 2061638) Visitor Counter : 127

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Swachhta Hi Seva (SHS), 2024 campaign successfully conducted by Ministry of Parliamentary Affairs

    Source: Government of India

    Posted On: 03 OCT 2024 7:41PM by PIB Delhi

    Swachhta Hi Seva, 2024 Fortnight was observed by Ministry of Parliamentary Affairs from 14th September to 2nd October, 2024 with the theme ‘Swabhav Swachhta- Sanskar Swachhta’.

    To mark the launch of Swachhta Hi Seva (SHS) 2024, Swachhata Pledge was administered by Shri Umang Narula, Secretary, Ministry of Parliamentary Affairs on 17.09.2024 in a function wherein Dr. Satya Prakash, Additional Secretary and other officers/officials of the Ministry were present.

     

    During the Swachhta Hi Seva 2024 campaign, various activities like “Swachhata Bhagidari” through “Shramdaaan” (Cleanliness drives with participation of all)/ reviewing/recording/weeding out of physical files etc. were conducted in the Ministry.

    Shri Umang Narula, Secretary and Dr. Satya Prakash, Additional Secretary, Ministry of Parliamentary Affairs led the Mass Cleanliness Drive at and around Kerala Education Society Senior Secondary School, R. K. Puram, New Delhi. Officers/officials of Ministry of Parliamentary Affairs along with School children took part in the Shramdaan for the cause of Swachhata.

    In line with the campaign, a Tree Plantation Drive was conducted under Ek Ped Maa Ke Naam Abhiyan, led by Shri Umang Narula, Secretary, MoPA and Dr. Satya Prakash, Additional Secretary, MoPA in the same School. The tree plantation symbolizes the Ministry’s commitment to environmental conservation besides its protection and the promotion of a cleaner and greener India.

    This event underscores the Ministry’s ongoing efforts to uphold the values of cleanliness and environmental responsibility as part of its larger mission to serve the public good. Trees play an important role in keeping our environment clean. By providing clean air, they make us healthy.

    To imbibe the spirit of Swachhata amongst students, an Essay writing competition was also held in the same school on the theme of SHS 2024 “Swabhaav Swachhata, Sanskar Swachhata” wherein students from different classes participated. To encourage students, Secretary, MoPA awarded best three students of Essay competition with Cash prize and Certificates for their performance in Essay writing competition.

    Ministry regularly kept posting Messages on Social Media Platforms about cleanliness activities being conducted.

    Secretary and Additional Secretary carried out inspections in the Ministry to check status of cleanliness etc. for ensuring progress of SHS campaign.

    SHS, 2024 campaign ended with felicitation of Safai Mitras who work tirelessly behind the scenes to keep our communities clean and safe. In the concluding ceremony, Additional Secretary gave a clear message that  Swachhata campaign may not be limited to a fortnight only but everyone must do efforts every day to ensure neatness and cleanliness of environment around us and also that internal cleanliness (purity of mind) is as much as important and desirable as the external cleanliness.

    Secretary, Ministry of Parliamentary Affairs lauded the efforts of the employees and insisted maintaining the momentum throughout the year. The successful campaign undertaken and enthusiastic participation made by employees reinforce the Ministry’s untiring commitment to a cleaner and healthier India.

     ***

    SS/PRK

    (Release ID: 2061638) Visitor Counter : 70

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Ministry of Education organizes workshop on ‘Volunteering for Ullas’

    Source: Government of India (2)

    Posted On: 03 OCT 2024 8:07PM by PIB Delhi

    Shri Sanjay Kumar, Secretary, Department of School Education and Literacy (DoSE&L), Ministry of Education presided over a virtual workshop with students of Teacher Education Institutions (TEIs) under the NCTE on ‘Volunteering for Ullas’ today. The workshop aimed at fostering Youth Volunteerism from TEIs to achieve full literacy across India as enshrined in the NEP 2020. Smt. Archana Sharma Awasthi, Joint Secretary, DoSE&L; Prof. Pankaj Arora, Chairperson, NCTE; Ms. Kesang Y. Sherpa, Member Secretary, NCTE; Smt. Preeti Meena, Director, DoSE&L, and other officials were present at the meeting.

    While addressing the students and teachers from TEIs, Shri Sanjay Kumar emphasized coming together to pay special attention to promoting literacy across the country in all sections of society. He exhorted that illiterate people in our society should be given the gift of literacy. Teacher Educators and administrators should support and guide the students at their institutes in registering on the ULLAS App, he added.

    Smt. Archana Sharma Awasthi presented on the agenda of the workshop of ‘ULLAS: Nav Bharat Literacy Programme’ and encouraged the students and teachers to join the program for community service and engagement.

    Prof. Pankaj Arora highlighted that the National Council for Teacher Education is fully committed to realizing the dream of Viksit Bharat by achieving the goal of ‘Jan Jan Saakshar’.

    Ms. Kesang Y. Sherpa presented on the Role of Teacher Education Institutions in ULLAS. While presenting the role of NCTE in the context of the implementation of ULLAS, she highlighted that for the academic session 2023-24, NCTE had directed all Teacher Education Institutions to connect 8-10 students with the ULLAS initiative and motivate them to become volunteer teachers and contribute to nation building cause. The students can earn 2 Credits for Community Engagement & Service for active participation in activities related to ULLAS-New India Literacy Programme (NILP), NSS & Other community activities, she added.

    Smt. Preeti Meena gave a detailed presentation on Ullas which also covered the implementation steps of Ullas in TEIs.

    More than 18,000 TEIs, faculty and student-teachers were inducted during the session.

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    SS/AK

    (Release ID: 2061643) Visitor Counter : 33

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Last date for submitting applications (fresh & renewal) on National Scholarship Portal for 2024-25 under NMMSS extended

    Source: Government of India (2)

    Posted On: 03 OCT 2024 8:05PM by PIB Delhi

    The last date for submission of applications by the selected meritorious students on the National Scholarship Portal (NSP) for the National Means cum Merit Scholarship Scheme (NMMSS) for the year 2024-25 has been extended up to 15.10.2024. The NSP portal is open for submission of applications by students with effect from 30th June 2024. In this project year 2024-25, the selected students are first to do a one-time registration (OTR) on the NSP, after which they have to apply for the scholarship scheme that they have selected. The FAQ details for registration on NSP can be accessed at https://scholarships.gov.in/studentFAQs.

    Through the ‘National Means-cum-Merit Scholarship Scheme,’ implemented by the Department of School Education & Literacy, Ministry of Education, scholarships are awarded to meritorious students from economically weaker sections to arrest their drop-out after elementary level, i.e., Class VIII and encourage them to complete their school education up to higher secondary level, i.e., Class XII.

    The scheme provides one lakh fresh scholarships every year for Class IX students who clear the qualifying exam for the scholarship conducted by the State/UT governments. The scholarship is continued through renewal mode from Classes X to XII based on the student’s academic performance. The scheme is applicable only to students studying in State Government, Government-aided and local body schools and the scholarship amount is Rs. 12000 per annum per student.

    The NMMSS is implemented through the National Scholarship Portal (NSP) – the one-stop platform for scholarship schemes disbursed to students by the Government of India. As of 01.10.2024, 81443 fresh and 152617 renewal applications have been finally submitted by the applicants. NMMSS scholarships are disbursed directly into the bank accounts of selected students by electronic transfer through the Public Financial Management System (PFMS) following DBT mode. The eligibility parameters for availing the scholarship include parental income not more than Rs. 3.50 lakh per annum, a minimum of 55% marks or equivalent grade in the Class VII examination for appearing in the selection test for award of scholarship (relaxable by 5% for SC/ST students).

    On the NSP portal, there are two levels of verification of the scholarship application of selected students, Level-1 (L1) verification is at the Institute Nodal Officer (INO) and Level-2 (L2) is with the District Nodal Officer (DNO). The last date for INO level (L1) verification is 31.10.2024 and for DNO level (L2) verification is 15.11.2024.

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    SS/AK

    (Release ID: 2061641) Visitor Counter : 45

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Cabinet approves the PM Rashtriya Krishi Vikas Yojana (PM-RKVY) to promote sustainable agriculture and Krishonnati Yojana (KY) to achieve food security for self sufficiency

    Source: Government of India (2)

    Cabinet approves the PM Rashtriya Krishi Vikas Yojana (PM-RKVY) to promote sustainable agriculture and Krishonnati Yojana (KY) to achieve food security for self sufficiency

    States given flexibility to reallocate funds from one component to another based on their specific requirement

    Posted On: 03 OCT 2024 8:14PM by PIB Delhi

     The Union Cabinet chaired by Prime Minister, Shri Narendra Modi, today approved the proposal of the Department of Agriculture & Farmers Welfare (DA&FW) for rationalization of all Centrally Sponsored Schemes (CSS) operating under Ministry of Agriculture and Farmer’s into two-umbrella Schemes viz. Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY), a cafeteria scheme and Krishonnati Yojana (KY).  PM-RKVY will promote sustainable agriculture, while KY will address food security & agricultural self-sufficiency. All components shall leverage technology to ensure efficient and effective implementation of the various components.

    The PM Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana (KY) will be implemented with total proposed expenditure of Rs.1,01,321.61 crore. These Schemes are implemented through the State Governments.

    This exercise ensures that all the existing schemes are being continued.   Wherever it was considered necessary to give fillip to any area for farmer’s welfare, the scheme has been taken up in Mission mode, for example National Mission for Edible Oil-Oil Palm [NMEO-OP], Clean Plant Program, Digital Agriculture & National Mission for Edible Oil-Oil Seeds [NMEO-OS].

    The scheme Mission Organic Value Chain Development for North Eastern Region (MOVCDNER), a component under the KY, is being modified by adding an additional component namely MOVCDNER- Detailed Project Report (MOVCDNER-DPR), which will provide flexibility to the North Eastern  states  to address critical challenges.

    By rationalization of the schemes, the States are given an opportunity to prepare a Comprehensive Strategic Document on Agriculture Sector of the State in a holistic manner. The Strategic Document focuses not only the production and productivity of the crops but also tackles the emerging issues of Climate Resilient Agriculture and development of Value Chain approach for agricultural commodities. These plans are envisaged to articulate the overall strategy and the schemes/programs, linked with the objectives flowing from the strategic framework.

    The rationalisation of Various Schemes has been undertaken to:

    •      To avoid duplication, ensure convergence and provide flexibility to States.

    •      Focus on emergent challenges of Agriculture – Nutrition security, Sustainability, Climate resilience, value chain development & private sector participation.

    •      State governments will be able to draw a comprehensive strategic plan suiting their requirements for agriculture sector.

    •      Annual Action Plan (AAP) of States can be approved in one go rather approving individual scheme-wise AAPs.

     

    One important change is to provide, in PM-RKVY, the state governments be given flexibility to re-allocate funds from one component to other based on their state specific requirements.

    Out of the total proposed expenditure of Rs.1,01,321.61 crore the projected expenditure towards central share of DA&FW is Rs.69,088.98 crore and states share is Rs.32,232.63 crore. This includes Rs.57,074.72 crore for RKVY and Rs.44,246.89 crore for KY.

    The PM-RKVY comprises of the following schemes:

                    i.        Soil Health Management

                  ii.        Rainfed Area Development 

                 iii.        Agro Forestry

                 iv.        Paramparagat Krishi Vikas Yojana

                  v.        Agricultural Mechanization including Crop Residue Management

                 vi.        Per Drop More Crop

               vii.        Crop Diversification Programme

              viii.        RKVY DPR component

                 ix.        Accelerator Fund for Agri Startups

     

     *****

    MJPS/BM

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  • MIL-OSI Asia-Pac: Cabinet Approves National Mission on Edible Oils – Oilseeds (NMEO-Oilseeds) for 2024-25 to 2030-31

    Source: Government of India (2)

    Cabinet Approves National Mission on Edible Oils – Oilseeds (NMEO-Oilseeds) for 2024-25 to 2030-31

    Mission aims at making India self reliant in seven years in oilseeds’ production

    Mission will introduce SATHI Portal enabling States to coordinate with stakeholders for timely availability of quality seeds

    Posted On: 03 OCT 2024 8:13PM by PIB Delhi

    The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the National Mission on Edible Oils – Oilseeds (NMEO-Oilseeds), a landmark initiative aimed at boosting domestic oilseed production and achieving self-reliance (Atmanirbhar Bharat) in edible oils. The Mission will be implemented over a seven-year period, from 2024-25 to 2030-31, with a financial outlay of Rs 10,103 crore.

    The newly approved NMEO-Oilseeds will focus on enhancing the production of key primary oilseed crops such as Rapeseed-Mustard, Groundnut, Soybean, Sunflower, and Sesamum, as well as increasing collection and extraction efficiency from secondary sources like Cottonseed, Rice Bran, and Tree Borne Oils. The mission aims to increase primary oilseed production from 39 million tonnes (2022-23) to 69.7 million tonnes by 2030-31. Together with NMEO-OP (Oil Palm), the Mission targets to increase domestic edible oil production to 25.45 million tonnes by 2030-31 meeting around 72% of our projected domestic requirement. This will be achieved by promoting adoption of high-yielding high oil content seed varieties, extending cultivation into rice fallow areas, and promoting intercropping. The Mission will harness ongoing development of high-quality seeds by using cutting-edge global technologies such as genome editing.

    To ensure the timely availability of quality seeds, the Mission will introduce an Online 5-year rolling seed plan through the ‘Seed Authentication, Traceability & Holistic Inventory (SATHI)’ Portal, enabling states to establish advance tie-ups with seed-producing agencies, including cooperatives, Farmer Producer Organizations (FPOs), and government or private seed corporations. 65 new seed hubs and 50 seed storage units will be set up in public sector to improve the seed production infrastructure.

    Additionally, over 600 Value Chain Clusters will be developed across 347 unique districts, covering more than 10 lakh hectares annually. These clusters will be managed by value chain partners such as FPOs, cooperatives, and public or private entities. Farmers in these clusters will have access to high-quality seeds, training on Good Agricultural Practices (GAP), and advisory services on weather and pest management.

    The Mission also seeks to expand oilseed cultivation by an additional 40 lakh hectares by targeting rice and potato fallow lands, promoting intercropping, and promoting crop diversification.

    Support will be extended to FPOs, cooperatives, and industry players to establish or upgrade post-harvest units, enhancing recovery from sources such as cottonseed, rice bran, corn oil, and Tree-Borne Oils (TBOs).

    Furthermore, the Mission will promote awareness of recommended dietary guidelines for edible oils through an Information, Education, and Communication (IEC) campaign.

    The Mission aims to significantly enhance domestic oilseed production, advancing the goal of Atmanirbharta (self-reliance) in edible oils, thereby reducing import dependency and conserving valuable foreign exchange while boosting farmers’ incomes. This mission will also accrue significant environmental benefits in the form of low water usage and improved soil health and making productive use of crop fallow areas.

    Background:

    The country is heavily reliant on imports which account for 57% of its domestic demand for edible oils. To address this dependency and promote self-sufficiency, the Government of India has undertaken a series of measures to enhance domestic production of edible oils, including the launch of National Mission on Edible Oils – Oil Palm (NMEO-OP) with an outlay of Rs 11,040 crore to boost oil palm cultivation in the country in 2021.

    In addition, the Minimum Support Price (MSP) for mandated edible oilseeds has been significantly increased to ensure remunerative prices to the oilseed farmers. The continuation of the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) ensures that oilseed farmers receive MSP through price support scheme and price deficiency payment scheme. Besides,  20% import duty on edible oils has been imposed to protect domestic producers from cheap imports and encourage local cultivation.

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