Category: KB

  • MIL-OSI: Virtu Financial Congratulates Women in Finance Award Recipients Leah Goldsberry and Trish McMenamin

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 26, 2024 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (Nasdaq:VIRT), a leading provider of global, multi-asset financial services that delivers liquidity and innovative, transparent products across the complete investment cycle to the global markets, is proud to announce that Trish McMenamin, Chief Compliance Officer, and Leah Goldsberry, EMEA Head of Analytics Client Coverage, have both been recognized at Markets Media’s European Women in Finance Awards.

    Trish McMenamin received the Excellence in Legal and Compliance award for her leadership in transforming Virtu’s Dublin-based regulatory program and her collaboration efforts across the global platform and global teams. With over a decade of experience, Trish has consistently demonstrated integrity and a commitment to compliance excellence.

    Leah Goldsberry was awarded the Rising Star honor for her contributions in managing key client relationships and leading Virtu’s EMEA analytics team. Leah’s adaptability, leadership, and client-oriented approach have made her a driving force within the firm’s international growth.

    “Trish and Leah exemplify Virtu’s commitment to excellence, innovation, and teamwork,” said Rob Boardman, EMEA CEO of Execution Services at Virtu Financial. “Their well-deserved recognition is a testament to their hard work and dedication, and we are very proud of their achievements.”

    The firm extends its thanks and appreciation to Leah and Trish for the examples they set at Virtu and the financial services industry.

    About Virtu Financial, Inc.
    Virtu is a leading financial services firm that leverages cutting-edge technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and myriad other commodities. In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.

    Contact:

    Investor Relations and Media Relations
    Andrew Smith
    investor_relations@virtu.com
    media@virtu.com

    This press release was published by a CLEAR® Verified individual.

    The MIL Network

  • MIL-OSI: Manhattan Bridge Capital, Inc. Announces Payment of Quarterly Dividend

    Source: GlobeNewswire (MIL-OSI)

    GREAT NECK, N.Y., Sept. 26, 2024 (GLOBE NEWSWIRE) — Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that, in accordance with the board approved dividend declared on July 29, 2024, a cash dividend of $0.115 per share will be paid to all shareholders of record on October 8, 2024. The dividend will be paid on October 15, 2024.

    The MIL Network

  • MIL-OSI: Tomorrow Street Selects Nile to Join its Scaleup X Programme with Vodafone

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif. and LUXEMBOURG, Sept. 26, 2024 (GLOBE NEWSWIRE) — Nile, a pioneer in an entirely new generation of wired and wireless LAN solutions for the enterprise, and Tomorrow Street, a joint venture between Vodafone and Luxembourg’s national technology incubator, Technoport, today announced that Nile has joined Tomorrow Street’s Scaleup X programme, which is designed to help bring the next generation of strategic suppliers into Vodafone through an accelerated selection process.

    Tomorrow Street selected Nile for its potential to give Vodafone’s enterprise customers a new generation wired and wireless Local Area Network (LAN) delivered as a service, with complete zero-trust network access security, zero up-front expense, and the industry’s only performance guarantees for coverage, capacity, and uptime. Nile’s innovative approach to AI-driven network automation also dramatically reduces the burden of network operations for service providers’ managed services teams and enterprise IT customers.

    “In evaluating new solutions to be included in our 2024 cohort of scaleup companies, the Nile Access Service stood out for its innovative approach to providing connectivity for today’s enterprises,” said Neil Cocker, a Tomorrow Street company director and Head of Scouting. “Nile’s fresh take on automation, security, operational intelligence, and billing make for an intriguing proposition.”

    Tomorrow Street provides access to relevant fast-growing scaleups with innovative commercialised solutions that have the potential to scale across large corporations. Scaleup partners are selected in close co-operation with Vodafone experts and senior stakeholders to offer an established range of technology solutions that accelerate digital transformation and create new revenue opportunities for businesses like Nile and its customers.

    “We’re thrilled to partner with Tomorrow Street to deliver a new vision of the enterprise network,” said Pankaj Patel, Nile’s CEO and co-founder. “The Nile Access Service is ideal for service providers like Vodafone, as it provides a complete wired and wireless LAN offering that enables service providers to strengthen their relationships with their enterprise customers but doesn’t add to their operational burden.”

    Nile is participating in two events being held by Tomorrow Street in October 2024. The first is in Luxembourg on 16-17 October 2024 and will include Procurement leaders and decision-makers from Vodafone Procurement & Connectivity Co. The second will occur in London at Vodafone’s HQ on 24 October 2024, with key stakeholders and technology leaders from Vodafone Group.

    About the Nile Access Service
    The Nile Access Service is powered by a new approach for securing enterprise networks that combines built-in zero-trust security for the campus, cloud native software delivery, AI, and automation with a high-performance wired and wireless LAN in an “as-a-Service” offering. The Nile Access Service was built from the ground up to prevent lateral movement cyber attacks while completely automating the network lifecycle management process. This complete service offering is a comprehensive package including hardware and software components, 24/7 support, and zero upfront capital expense, all of which are backed by the industry’s only performance guarantees for availability, coverage, and capacity.

    To learn more about the Nile Access Service, visit https://nilesecure.com/solutions/nile-access-service

    About Nile
    Nile is disrupting the enterprise network market by building natively secure connectivity that modernises IT operations with a new AI networking architecture, delivering enterprise networks entirely as a service. For the first time in the industry, the Nile Access Service integrates zero-trust security and offers performance guarantees for connectivity, coverage, and availability. With Nile, IT organisations close the gap between their digital aspirations and legacy realities with superior connectivity that reduces the burden on critical IT resources. For more information, visit nilesecure.com/solutions/nile-access-service.

    About Tomorrow Street
    Tomorrow Street is an innovation centre that accelerates leading-edge technology through scaling late-stage startups. Tomorrow Street is a joint venture between Vodafone and Luxembourg’s technology incubator, Technoport. Its innovation centre hosts and supports the next generation of strategic suppliers to Vodafone and is a technology hub that attracts entrepreneurs and talent to the fast-growing tech sector in Luxembourg.
    Tomorrow Street’s latest programme Scaleup X is designed to connect Vodafone with fast-growing post-series A scaleups and select the next generation of strategic suppliers enabling new customer propositions and accelerating digital transformation.

    For further information, visit http://www.tomorrowstreet.co.

    Media Contacts:
    Nichols Communications for Nile
    Jay Nichols
    +1 408-772-1551
    jay@nicholscomm.com

    The MIL Network

  • MIL-OSI: Viva Gold to Present at the Battery and Precious Metals Virtual Investor Conference October 1st

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Sept. 26, 2024 (GLOBE NEWSWIRE) — Viva Gold Corp (TSXV: VAU, OTCQB: VAUCF) (“Viva”), with operations in Nevada, focused on gold mining development, today announced that Jim Hesketh, CEO, will present live at the Battery and Precious Metals Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on October 1st & 2nd 2024.

    DATE: October 1st
    TIME: 10:00 AM ET
    LINK: https://bit.ly/3z584tW
    Available for 1×1 meetings: October 1st to 4th

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at http://www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Viva will be resuming drilling activities at its Tonopah Gold Project in Nevada
    • Baseline study work to continue to prepare for project permitting
    • An updated resource and preliminary economic study is due after completion of the upcoming drill program

    About Viva Gold Corp

    Viva’s Tonopah gold project sits in the middle of gold mining country and controls a major land position on the prolific Walker Lane Trend in Western Nevada. Viva has consistently grown its resources since 2017 and has commenced a new, fully funded drill program to further define and grow the current resource base. The Company plans to update the resource model and initiate Preliminary Economic Analysis Study in late 2024, both of which are major catalysts and value creation events for shareholders.

    Viva Gold is led by CEO Jim Hesketh, a 40-year veteran in the mining space who has led the development and construction of eight other mines around the world throughout his career. Jim has surrounded himself with equally experienced mining professionals both on the management team and the board.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Viva Gold
    Name: Jim Hesketh
    Title: CEO
    Phone: (720) 291-1775
    Email: jhesketh@vivagoldcorp.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network

  • MIL-OSI: Westhaven Receives Commitment for Strategic Investment from Rob McEwen of C$1.5 Million as Part of Previously Announced Brokered Private Placement Offering

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Sept. 26, 2024 (GLOBE NEWSWIRE) — Westhaven Gold Corp. (TSX-V:WHN) (“Westhaven” or the “Company”) is pleased to announce, further to its press release dated September 25, 2024 announcing a $5,000,000 brokered best efforts offering (the “ Marketed Offering”) with Red Cloud Securities Inc. (the “Agent”) acting as agent, the Agent has received overnight a commitment from Rob McEwen for participation in the Marketed Offering as a subscriber.

    As previously announced, the Company entered into on September 25, 2024, an agreement with the Agent to act as sole agent and bookrunner in connection with the Marketed Offering to raise gross proceeds of C$5,000,0000 from the sale of the following:

    • 10,000,000 units of the Company (each, a “Unit”) at a price of C$0.15 per Unit for gross proceeds of up to C$1,500,000 from the sale of Units; and
    • gross proceeds of up to C$3,500,000 from the sale of any combination of (i) common shares of the Company that will quality as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (each, a “Traditional FT Share”) at a price of C$0.175 per Traditional FT Share and (ii) flow-through units of the Company to be sold to charitable purchasers (each, a “Charity FT Unit”, and collectively with the Units and Traditional FT Shares, the “Offered Securities”) at a price of C$0.22 per Charity FT Unit.

    Rob McEwen has agreed to make a strategic investment of C$1.5 million in Offered Securities, through his private holding company Evanachan Ltd. Mr. McEwen is the founder and former Chairman of Goldcorp, is currently the Executive Chairman and largest shareholder of McEwen Mining Inc. and is a member of the Mining Hall of Fame.

    Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the Offered Securities will be offered for sale to purchasers in the provinces of Alberta, British Columbia, Manitoba, Ontario and Saskatchewan (the “Canadian Selling Jurisdictions”) pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption”). The Offered Securities are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.

    The Agent was granted the option, exercisable in full or in part, up to 48 hours prior to the closing of the Marketed Offering, to sell up to an additional C$1,000,000 in any combination of Units, Traditional FT Shares and Charity FT Units at their respective offering prices (the “Agents’ Option” and together with the Marketed Offering, the “Offering”).

    Any Units and Charity FT Units sold in excess of gross proceeds of C$5,000,000 as well as the Traditional FT Shares (collectively, the “Non-LIFE Securities”) will be offered by way of the “accredited investor” and “minimum amount investment” exemptions under NI 45-106 in the Canadian Selling Jurisdictions, or in the case of the Units, also in offshore jurisdictions and the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the U.S. Securities Act. The Non-LIFE Securities will be subject to a hold period ending on the date that is four months plus one day following the closing date of the Offering under applicable Canadian securities laws.

    The Company intends to use the net proceeds from the sale of Units for working capital and general corporate purposes. The gross proceeds from the issuance of the Traditional FT Shares and the Charity FT Units will be used for Canadian exploration expenses on the Company’s mineral projects in British Columbia and will qualify as “flow-through mining expenditures”, as defined in subsection 127(9) of the Income Tax Act (Canada) (the “Qualifying Expenditures”), which will be incurred on or before December 31, 2025 and renounced to the subscribers with an effective date no later than December 31, 2024 in an aggregate amount not less than the gross proceeds raised from the issue of the Traditional FT Shares and Charity FT Units.

    The Offering is scheduled to close on or around October 15, 2024, or such other date as the Company and the Agent may agree, and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange.

    The Company will pay to the Agent a cash commission of 6% of the gross proceeds raised in respect of the Offering (the “Agents’ Commission”). In addition, the Company will issue to the Agent warrants of the Company (each warrant, a “Broker Warrant”), exercisable for a period of 24 months following the Closing Date, to acquire in aggregate that number of common shares of the Company which is equal to 6% of the number of Offered Securities sold under the Offering at an exercise price equal to C$0.15 per Common Share.

    There is an amended offering document related to the Offering that can be accessed under the Company’s profile at http://www.sedarplus.ca and on the Company’s website at http://www.westhavengold.com. Prospective investors should read this amended offering document before making an investment decision.

    On behalf of the Board of Directors
    WESTHAVEN GOLD CORP.

    “Gareth Thomas”

    Gareth Thomas, President, CEO & Director

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    About Westhaven Gold Corp.

    Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls ~60,950 hectares (609.5 square kilometres) with four gold properties spread along this underexplored belt. The Shovelnose property is situated off a major highway, near power, rail, large producing mines, and within commuting distance from the city of Merritt, which translates into low-cost exploration. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-681-5558 or visit Westhaven’s website at http://www.westhavengold.com

    Forward Looking Statements:

    This press release contains “forward-looking information” within the meaning of applicable Canadian and United States securities laws, which is based upon the Company’s current internal expectations, estimates, projections, assumptions and beliefs. The forward-looking information included in this press release are made only as of the date of this press release. Such forward-looking statements and forward-looking information include, but are not limited to, statements concerning the Company’s expectations with respect to the Offering, including the proposed participation by Mr. McEwen and the size of that participation; the use of proceeds of the Offering; completion of the Offering and the date of such completion. Forward-looking statements or forward-looking information relate to future events and future performance and include statements regarding the expectations and beliefs of management based on information currently available to the Company. Such forward-looking statements and forward-looking information often, but not always, can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

    Forward-looking information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, and without limitation: that the Offering may not close within the timeframe anticipated or at all or may not close on the terms and conditions currently anticipated by the Company for a number of reasons including, without limitation, as a result of the occurrence of a material adverse change, disaster, change of law or other failure to satisfy the conditions to closing of the Offering; the Company will not be able to raise sufficient funds to complete its planned exploration program; that the Company will not derive the expected benefits from its current program; the Company may not use the proceeds of the Offering as currently contemplated; the Company may fail to find a commercially viable deposit at any of its mineral properties; the Company’s plans may be adversely affected by the Company’s reliance on historical data compiled by previous parties involved with its mineral properties; mineral exploration and development are inherently risky industries; the mineral exploration industry is intensely competitive; additional financing may not be available to the Company when required or, if available, the terms of such financing may not be favourable to the Company; fluctuations in the demand for gold or gold prices generally; the Company may not be able to identify, negotiate or finance any future acquisitions successfully, or to integrate such acquisitions with its current business; the Company’s exploration activities are dependent upon the grant of appropriate licenses, concessions, leases, permits and regulatory consents, which may be withdrawn or not granted; the Company’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; there is no guarantee that title to the properties in which the Company has a material interest will not be challenged or impugned; the Company faces various risks associated with mining exploration that are not insurable or may be the subject of insurance which is not commercially feasible for the Company; the volatility of global capital markets over the past several years has generally made the raising of capital more difficult; inflationary cost pressures may escalate the Company’s operating costs; compliance with environmental regulations can be costly; social and environmental activism can negatively impact exploration, development and mining activities; the success of the Company is largely dependent on the performance of its directors and officers; the Company’s operations may be adversely affected by First Nations land claims; the Company and/or its directors and officers may be subject to a variety of legal proceedings, the results of which may have a material adverse effect on the Company’s business; the Company may be adversely affected if potential conflicts of interests involving its directors and officers are not resolved in favour of the Company; the Company’s future profitability may depend upon the world market prices of gold; dilution from future equity financing could negatively impact holders of the Company’s securities; failure to adequately meet infrastructure requirements could have a material adverse effect on the Company’s business; the Company’s projects now or in the future may be adversely affected by risks outside the control of the Company; the Company is subject to various risks associated with climate change, the Company is subject to general global risks arising from epidemic diseases, the ongoing conflicts in Ukraine and the Middle East, rising inflation and interest rates and the impact they will have on the Company’s operations, supply chains, ability to access mining projects or procure equipment, supplies, contractors and other personnel on a timely basis or at all is uncertain; as well as other risk factors in the Company’s other public filings available at http://www.sedarplus.ca. Readers are cautioned that this list of risk factors should not be construed as exhaustive. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The Company cannot guarantee future results, performance, or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. The Company undertakes no duty to update any of the forward-looking information to conform such information to actual results or to changes in the Company’s expectations, except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this offering document is expressly qualified by this cautionary statement.

    The MIL Network

  • MIL-OSI Asia-Pac: MHI participated in ‘Swachhta Hi Seva 2024’ Campaign and Tree plantation campaign under #एक_पेड़_माँ_के_नाम and #Plant4Mother

    Source: Government of India

    MHI participated in ‘Swachhta Hi Seva 2024’ Campaign and Tree plantation campaign under #एक_पेड़_माँ_के_नाम and #Plant4Mother

    More than 100 sites have been selected as Cleanliness Target Units (CTUs) with an objective to transform these into clean and healthy spaces.

    A Tree plantation drive was led by Union Minister of Heavy Industries & Steel at Cement Corporation of India Ltd

    Posted On: 26 SEP 2024 1:40PM by PIB Delhi

    The Ministry of Heavy Industries (MHI) alongwith its Central Public Sector Enterprises (CPSEs) / Autonomous Bodies (ABs) is actively participating in ‘Swachhta Hi Seva 2024’ with the support of Ministry of Housing and Urban Affairs and Ministry of Jal Shakti for the cleanliness and sanitation. The campaign aims to facilitate large-scale advocacy and citizen participation for swachhata, mega cleanliness drives with focus on clearing of dirty and difficult garbage spots (black spots), recognize the contribution of sanitation workers, celebrate the achievements over the past decade, and also reaffirm nation’s commitment to ‘Sampoorna Swachhata’. 

    Keeping in view the theme of the Campaign ‘Swabhav Swachchata, Sanskar Swachchata’, more than 200 activities have been identified during the initial stage of the campaign setting the groundwork for this nationwide effort and more than 100 sites have been selected as Cleanliness Target Units (CTUs) with an objective to transform these neglected / challenging locations, often referred to as black spots, into clean and healthy spaces.

     

               

    Cleanliness drive by Bridge & Roof Co. (I) Ltd. at Santragachi Railway Station, West Bengal (Identified as CTU)

     

              

    Cleanliness drive by Bridge & Roof Co. (I) Ltd at Rudraprayag Project Site, Uttarakhand

    (Identified as CTU)

    The Tree plantation campaign #एक_पेड़_माँ_के_नाम and #Plant4Mother was launched by Prime Minister, Shri Narendra Modi, on 5thJune, 2024, on the occasion of World Environment Day. The campaign aims to halt and reverse land degradation, build drought resistance, and prevent desertification. The goal is to plant 80 crore trees by September 2024 and 140 crore trees by March 2025 by engaging all stakeholders across society.

    In a stride towards achieving this goal under the visionary leadership of Prime Minister, a tree plantation drive was led by Minister (HI & Steel), Shri H. D. Kumaraswamy, at Cement Corporation of India Ltd. Residential Township, Bokajan, Assam on 21st September, 2024.

     

    Tree plantation drive by Hon’ble Minister (HI & Steel), Shri H. D. Kumaraswamy

     

    Furthermore, the tree plantation drive is in full swing in the CPSEs and ABs under MHI resulting in plantation of more than Ninety-Two Thousand trees so far.

      

    Tree Plantation drive by CISF at Bhopal Unit, BHEL Tree Plantation drive by Engineering Projects (India) Limited at Delhi

     

          

    Tree plantation by CCI at Rajban, Himachal Pradesh  Tree plantation by NATRAX at Dhar, Madhya Pradesh

     ******

    MG/PD

    (Release ID: 2058938) Visitor Counter : 45

    MIL OSI Asia Pacific News

  • MIL-OSI: Defiance Announces Shift to Weekly Distributions and Name Change for 0DTE Income ETF Suite

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) — Defiance ETFs, a leading innovator in thematic and income-based exchange-traded funds (ETFs), is excited to announce the renaming and strategy update for its suite of Daily Options Income ETFs to better reflect the adoption of same-day expiration options (0DTE) and an enhanced income strategy.

    Effective September 26th, the following changes have been implemented:

    • Defiance Nasdaq 100 Enhanced Options Income ETF (Ticker: QQQY) has been renamed to Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF.
    • Defiance S&P 500 Enhanced Options Income ETF will now trade under the new ticker symbol WDTE and has been renamed to Defiance S&P 500 Enhanced Options & 0DTE Income ETF.
    • Defiance R2000 Enhanced Options Income ETF (Ticker: IWMY) has been renamed to Defiance R2000 Enhanced Options & 0DTE Income ETF.

    Revised Income Strategy: Targeting Weekly Distributions

    Each Fund has revised its principal investment strategy to target weekly distributions rather than monthly. This shift is designed to better align with the income generation opportunities provided by the daily options strategy.

    About Defiance ETFs

    Founded in 2018, Defiance ETFs has emerged as a leading ETF issuer dedicated to income and thematic investing. Defiance’s actively managed options ETFs are designed to potentially enhance income for investors, with distributions now targeted on a weekly basis.

    Media Contact:
    David Hanono
    Defiance ETFs
    Tel: 833.333.9383

    Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Toroso Investments, LLC (“Toroso” or the “Adviser”). The Fund Administrator is Tidal ETF Services LLC. The investment sub-adviser is ZEGA Financial, LLC (“ZEGA” or the “Sub-Adviser”). JEPY, QQQY, and IWMY are distributed by Foreside Fund Services, LLC.

    “Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 833.333.9383. Read the prospectus or summary prospectus carefully before investing.”

    Investing involves risk. Principal loss is possible. As an ETF, the funds may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

    The Distribution Rate is the annual yield an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions are not guaranteed.

    An Investment in the Funds is not an investment in the Index, nor are the Funds an investment in a traditional passively managed index fund.

    QQQY Index Overview: The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization. This makes it a large-cap index, meaning its constituents have a high market value, often in the billions of dollars. The Index includes companies from various industries but is heavily weighted towards the technology sector. This reflects the Nasdaq’s historic strength as a listing venue for tech companies. Other sectors represented include consumer discretionary, health care, communication services, and industrials, among others.

    JEPY Index Overview: The S&P 500 Index is a widely recognized benchmark index that tracks the performance of 500 of the largest U.S.-based companies listed on the New York Stock Exchange or Nasdaq. These companies represent approximately 80% of the total U.S. equities market by capitalization, making it a large-cap index.

    IWMY Index Overview: The Russell 2000 Index is a widely recognized benchmark index that tracks the performance of approximately 2000 small-cap companies in the United States. These are the smallest companies listed in the Russell 3000 Index, representing about 10% of that index’s total market capitalization.

    QQQY Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index. The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization. This makes it a large-cap index, meaning its constituents have a high market value, often in the billions of dollars.

    JEPY Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

    IWMY Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

    Index Trading Risk. The trading price of the Index may be highly volatile and could continue to be subject to wide fluctuations in response to various factors. ­The stock market in general has experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of companies.

    S&P 500 Index Risks: The Index, which includes a broad swath of large U.S. companies, is primarily exposed to overall economic and market conditions. Recession, inflation, and changes in interest rates can significantly impact the index’s performance. Furthermore, despite its diverse representation, a downturn in a major sector such as technology or financials could notably affect the index. Geopolitical risks and unexpected global events, like pandemics, can introduce volatility and uncertainty.

    The Nasdaq 100 Index Risks: The Index’s major risks stem from its high concentration in the technology sector and significant exposure to high-growth, high valuation companies. A downturn in the tech industry, whether from regulatory changes, shifts in technology, or competitive pressures, can greatly impact the index. It’s also vulnerable to geopolitical risks due to many constituent companies having substantial international operations. Since many of these tech companies often trade at high valuations, a shift in investor sentiment could lead to significant price declines.

    The Russell 2000 Index Risks: The Index, which includes a broad swath of large U.S. companies, is primarily exposed to overall economic and market conditions. Recession, inflation, and changes in interest rates can significantly impact the index’s performance. Furthermore, despite its diverse representation, a downturn in a major sector such as technology or financials could notably affect the index. Geopolitical risks and unexpected global events, like pandemics, can introduce volatility and uncertainty.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of in-the-money put option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the Index over the Call Period (typically, one day, but may range up to one week). This means that if the Index experiences an increase in value above the strike price of the sold put options during a Call Period, the Fund will likely not experience that increase to the same extent and may significantly underperform the Index over the Call Period. Additionally, because the Fund is limited in the degree to which it will participate in increases in value experienced by the Index over each Call Period, but has full exposure to any decreases in value experienced by the Index over the Call Period, the NAV of the Fund may decrease over any given time period.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current monthly income. There is no assurance that the Fund will make a distribution in any given month. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil. This risks greater for the Fund as it will hold options contracts on a single security, and not a broader range of options contracts.

    Distributed by Foreside Fund Services, LLC.

    The MIL Network

  • MIL-OSI Asia-Pac: Secretary for Health commences visit to Beijing (with photos)

    Source: Hong Kong Government special administrative region

    Secretary for Health commences visit to Beijing (with photos)
    Secretary for Health commences visit to Beijing (with photos)
    *************************************************************

         The Secretary for Health, Professor Lo Chung-mau, led a delegation to begin their visit to Beijing today (September 26) and called on the National Health Commission (NHC), the National Administration of Traditional Chinese Medicine (NATCM) and the General Administration of Customs of the People’s Republic of China (GACC) to introduce to the Mainland officials the latest developments of various healthcare reforms in Hong Kong to keep deepening synergistic collaboration on healthcare-related areas with the Mainland.     During the meeting with Vice-minister of the NHC Mr Yu Xuejun, Professor Lo engaged in an in-depth discussion on how to further deepen cross-boundary collaboration on health and medical innovation between the Mainland and the Hong Kong Special Administrative Region (HKSAR). Professor Lo also actively put forward to the NHC multiple proposals on measures for promoting cross-boundary flow of innovation elements (including entry and exit of human genetic resources) in the Development Plan for Shenzhen Park of Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone (Development Plan for Shenzhen Park) promulgated by the State Council, with a view to supporting and encouraging innovative application of advanced biomedicine technologies with full effort.      Professor Lo said that the Development Plan for Shenzhen Park emphasises co-ordinated development of Shenzhen and Hong Kong through the establishment of an internationally competitive base for industrial pilot-scale testing and transformation in Hetao to support the innovative application of advanced biomedicine technologies. “The Chief Executive’s 2023 Policy Address” also proposed the development of Hong Kong into an international health and medical innovation hub. To this end, the Health Bureau (HHB) strives to push forward with multiple key initiatives as follows: (1) To reform Hong Kong’s evaluation, approval and registration mechanism for drugs and medical devices and prepare for the establishment of the Hong Kong Centre for Medical Products Regulation, with a view to progressing towards the “primary evaluation” approach; (2) To join forces with the Shenzhen Municipal Government to set up in the Hetao Area an international clinical trial collaboration platform for the Guangdong-Hong Kong-Macao Greater Bay Area under the “one zone, two parks” model in expectation of simultaneous commencement of operation in the fourth quarter of this year;(3) To promote cross-boundary real-world data research; and(4) To introduce world-leading enterprises of advanced therapeutic products as well as innovative drugs and medical devices.     He continued, “The development of innovative drugs and medical devices not only enhances healthcare standards but also transforms the industry, thus realising the vision of introducing good drugs for use in Hong Kong, bringing benefits to citizens with research and development, fostering transformation of innovation and technology, and driving the development of the industry. The healthcare system of Hong Kong must keep abreast of times and pursue transformation with innovation. With the staunch support of national policies in various areas, the HHB will certainly make greater efforts to motivate the local healthcare and medical sector to actively integrate into the overall national development by fully utilising the unique advantages of the HKSAR and playing an active role in the country’s comprehensive deepening of reforms, thereby serving the nation’s needs with the strengths of Hong Kong.”      Professor Lo and the delegation today also met with the Commissioner of the NATCM, Professor Yu Yanhong, and discussed issues related to the promotion of the development of Chinese medicine (CM). He said, “The HKSAR Government expresses sincere gratitude to the NATCM for its robust support for the development of CM in Hong Kong, particularly with regard to the establishment of the first Chinese Medicine Hospital of Hong Kong and the Government Chinese Medicines Testing Institute as well as collaboration on rolling out the Hong Kong Chinese Medicine Talent Training Programme, etc. The HKSAR Government will continue to press ahead with the high-quality development of CM in Hong Kong on all fronts by giving full play to the characteristics of CM in Hong Kong and the city’s strengths in areas such as service delivery, standard-setting, international connectivity and clinical research in a bid to foster the better integration of Hong Kong into the construction of CM highlands in the Guangdong-Hong Kong-Macao Greater Bay Area as well as the overall development of the country, thereby assisting our nation to propel CM to go global.”     Separately, at the meeting with the Head of the Department of Political Affairs of the GACC, Ms Lyu Weihong, Professor Lo said that, since the signing of the Co-operation Arrangement for Entry-exit Health Inspection and Quarantine between the GACC and the Health Bureau of the Hong Kong Special Administrative Region Government by the HHB and the GACC in November last year, the HKSAR Government has been maintaining close co-operation with the entry-exit health inspection and quarantine authorities of the Mainland as well as strengthening the joint efforts in disease prevention and control in terms of entry-exit health inspection and quarantine between the Mainland and Hong Kong, with a view to safeguarding the wellbeing and safety of residents and travellers of the two places. The two parties also exchanged views on the promotion of cross-boundary flow of innovation elements as mentioned in the Development Plan for Shenzhen Park.           Members of the delegation include the Director of Health, Dr Ronald Lam; Deputy Secretary for Health Mr Sam Hui; the Chairman of the Hospital Authority (HA), Mr Henry Fan; and the Chief Executive of the HA, Dr Tony Ko. The delegation will call on the Hong Kong and Macao Affairs Office of the State Council and the National Medical Products Administration tomorrow (September 27) before departing for Hong Kong in the evening.

     
    Ends/Thursday, September 26, 2024Issued at HKT 19:12

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Voter Turnout – 57.03% as of 11:45 PM for Phase-2 of J&K Assembly elections

    Source: Government of India

    Posted On: 26 SEP 2024 6:40AM by PIB Delhi

    Polling in the Phase-2 of General Elections to the Legislative Assembly of J&K recorded an approximate voter turnout of 57.03% as of 11:45 pm. The same shall continue to be updated by the field level officers as the remaining polling parties keep returning and updated figures will be available AC and district wise live at Voter Turnout App.

    The district wise approximate voter turnout at 11:45 pm is as below:

     

    Sl. No.

    District

    No. ACs

    Approximate Voter Turnout %

    1

    Budgam

    5

    62.98

    2

    Ganderbal

    2

    62.51

    3

    Poonch

    3

    73.80

    4

    Rajouri

    5

    70.95

    5

    Reasi

    3

    74.70

    6

    Srinagar

    8

    29.81

    Above 6 Districts

    26

    57.03

    Data displayed here is as per the information being filled in the systems by the field officer. This is an approximate trend, as data from some polling stations (PS) takes time and this trend does not include Postal Ballot. Final actual account of votes recorded for each PS is shared in Form 17 C with Polling agents at close of polls.

    *******

    PK/RP

    (Release ID: 2058854) Visitor Counter : 58

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Text of Vice-President’s address at the 83rd CSIR Foundation Day Celebrations at the NASC Complex, New Delhi

    Source: Government of India (2)

    Posted On: 26 SEP 2024 3:06PM by PIB Delhi

    Good morning, all of you. 

    It could not have been more delightful for me, everyone present in this room is a role model for me. Your contributions are spinal, your contributions in silence are resonating with the last man in the last row, your efforts are changing Bharat. A great occasion for me to be here, this is a very distinguished premium platinum category that is defining the growth history of Bharat, home to one-sixth of humanity. 

    Professor Ajay K. Sood, rightly honoured with the civilian distinction of Padma Shri, Principal Scientific Advisor to the Government of India, his address though brief on account of constraints of time, was illuminating. He indicated synergetic stance being generated with all stakeholders to ensure sustainability of the rise of Bharat. 

    Dr. K. Radhakrishnan his lecture will be a feast to intellect, team excellence, team itself in hears excellence, team is something which is harmonious. Harmony doesn’t mean keeping your point of view to yourself, harmony means having enough space to voice the other’s point of view. It is heard with respect, not rejected by drop of a hat. Team excellence is the ultimate sublime evolution of it, then, Indian Space Odyssey and your life lessons.

    I have instructed my team to record it, I will have a look at it, as will millions, through our platform in Rajya Sabha and Parliament. 

    Dr. N. Kalaiselvi, Director General, CSIR, normally we say, the man is always in the move, gone are those days, she is always on the move, always in action, with passion, mission, and execution. 

    I very fondly remember the visit I had where she was there, I had the occasion to see for myself how the aviation landscape of skilling will be changed by what her team has created. I had the occasion to visit Dehradun and another institute in her absence, we are proud of her because she sacrificingly gives credit to everyone except herself. I was greatly touched by this reflection of Indian civilisational ethos.

    Dr. G. Mahesh he is a Chairperson of the CSIR Foundation Day Celebration, we are gratified and honoured by the presence of those who laid the firm foundations of CSIR who headed it as DGs Dr. Mashelkar is present here. 

    Dr. Samir Brahmachari  is amongst us but science is all about finding out. Everyone present here, particularly in the front row, is to be respected by us. Because like education, education never ends when you leave an institution, education is life long learning same they may have left legally CSIR but their bond continues. 

    I must mention the Central Electronics Limited chairperson, Mr. Jain, for one reason, the honourable minister, who is very passionate about this sector, he wanted to come, I dissuaded him please won’t, he was preoccupied unavoidably.

    Distinguished scientists, researchers, staff, and esteemed audience, my greetings to the entire scientific community in the country, we are beholden to this category for the contributions they have made to make a Viksit Bharat which is before us today. This day is a special day, not just for CSIR alone. This is a very special day for the nation because if we go into our historical perspective, we will find that ages ago, our Bharat had scientific prowess. We were global leaders, we were the centre of the globe when it came to scientific knowledge, the kind of discoveries and inventions that were made by us made the world proud, we lost our way somewhere, we are regaining that way. 

    It is your foundation day, but it is integrally connected with the firm foundations of Bharat, you are firming up those foundations of the most vibrant, functional democracy on the planet. You are firming up the foundations of a nation that is on the rise as never before, and this rise is unstoppable, the rise is incremental, and the destination of a developed nation by 2047 will be realised, if not earlier.

    What I see here is your activities and activities of your sister’s concerns.  It is an endorsement that we are on the way to regaining our past pristine glory in the world of science. As I said, your contributions are in silence, I am using the word “silos” in a positive sense, your activities are in silos, but they physically, positively, and affirmatively impact the lives of 1.4 billion people.

    CSIR can be defined as a catalyst scientifically and imaginatively for Ras. C for catalyst, S for scientifically, I for imaginatively, and R for rashtra. 

    Distinguished audience, it is my great honour and privilege, and it will forever be etched in my memory, that I am associating with the 83rd Foundation Day of CSIR. This is an occasion to commemorate and commend the past achievements, and also to look ahead, unfold a roadmap to be more significantly involved with the nation’s rise and global rise, because Bharat stands for Vasudev Kutumbakam.

    A journey that started in 1960, when I was in class four, and where we have come, is a recognition of the hard work you all have done. I am fully aware of the headwinds you face, the air pockets you endure, the difficult terrain you negotiate, and, on occasions, the lack of due recognition therefore an ecosystem existed earlier where you were contributing, but recognition was not forthcoming in the right form. Soothing to note that, in the last few years, recognition for the scientific community has increased. It has increased in several ways, including the government’s serious focus on it. The Prime Minister’s heart and soul are deeply connected to the scientific community. His belief in your power, prowess, and capacity to generate, at global level, those aspects of science which matter to humanity is evident. I am sure, therefore, that we are in good times.

    Now, there is an ecosystem in place where our scientists can fully exploit and expand their energy, exploit their talent, and contribute to the nation by unleashing their innovative skills. I was not surprised, because that was my expectation, but I was in disbelief when I went through the thematic exhibition, amazing things are happening. Imagine if, from bamboo, you can have wooden flooring. Imagine if, from bamboo, you can have something which far superior or equivalent to sagon teak wood and sagon teak wood life is 4 decades or so. It helps the farmer, and it creates wealth. I am making a reference only to only one, there were many such things, I was greatly touched. 

    These developments reaffirm my confidence, and the confidence of the nation, that Bharat is a factor to reckon with globally. Your tremendous accomplishments have emboldened me to assert that, in research and development, it is matter of time when we will be having our due share at the moment, we are on way to it., much remains to be done. Several energies have to converge, they have to converge diligently, they have to work togetherness and in tandem, there has to be the right amount of fiscal input.

    I am so glad that the Principal Scientific Advisor that is uppermost in his mind, you may not be aware, and it may not have been covered in the media, but he is your star batsman when it comes to securing everything for your scientific community. 

    Let me make a brief reference to the Union Budget 2024-25. He must have put his foot down, I am sure of it when the budget is formed, there are always too many claimants. He fought for your segment, got the due, and it can only be incremental henceforth. It emphasises the budget. Innovation, Research and Development, and Anusandhan – the National Research Foundation has been started. I leave it at that; you know it when a beginning is made, even by a toddler, it takes shape over the years, unstoppably. My congratulations to him, for being your advocate with the government, you are an able advocate. I am so glad. 

    The growth engine of the nation, any nation in the world, is driven by science and technology and this is fuelled by research and development, this makes the focus on research and development of paramount importance. I call upon you from this platform to come forward and generously invest in research and development. I look forward to the day when our corporates will figure in the top 20 global corporates that invest in research and development at the moment, there is none, that doesn’t mean our corporates are not doing enough, they are doing enough. In automobile and in information technology, much is being done but looking at our nation’s size, its potential, its position, and the growth trajectory on which it is, our corporates need to come forward to engage in research and development.

    The investment in research and development is lasting and this, distinguished audience, please note, has another cutting edge: soft diplomacy, if you get something, nations flock to you. We have that power, research and development is so integrated with security these days therefore, investment is for the nation. Investment is for growth. Investment is for sustainability. 

    I am concerned about one aspect in particular, and that aspect, fortunately for me, was voiced in a survey by CSIR, the sample size was 3,000. We must not do lip service to research and development, our contribution has to be substantial, the result has to be substantial, not cosmetic or superficial. We cannot just take pride in saying so much for research and development. The one doing research or development in academic institutions should not be in pursuit only of academic information. Research is not a simulation. Research is research, and I therefore appeal to everyone concerned to have SOP for it. Invest in that human resource or institution that can authentically engage in research and development. The two are separate, when I went to one of the IITs – all IITs are doing well, I am not naming the IIT for that reason – I was amazed that research and development were excellent, it was being done by professors and students. So, we will have to be on guard that merely because physical resources are committed, we cannot take pride, saying, “Oh, I have spent so much for research and development.”

    Investment in research and development, distinguished audience, has to be correlated to tangible outcomes and there are people in the front row who can evaluate what is a tangible outcome. 

    Friends, there is enough to say, but I will conclude by focusing on the state of the nation, state of the nation today is beyond my dreams. I never imagined it. I did not conceive of the earth as it is today, I did not have that contemplation. I am referring to 1989, when I was elected to the Lok Sabha. In 1990, I was a union minister. I will focus on four aspects. 

    One, we went to Jammu and Kashmir, Srinagar, as a member of the Council of Ministers. We stayed at a hotel near Dal Lake, everything was dull, not even twenty souls could be seen on the road, a state of dejection and hopelessness and it was declared in the Rajya Sabha, which I preside as chairman, that last year, two crore tourists went to Jammu and Kashmir. Where is the figure of twenty? Two crores, article 370, a temporary article of the constitution – the only article labelled as temporary was taken by some people, including those who had taken oath under the constitution to be permanent. It is no longer there.

    Second, I suffered the pain because, as a student, हमें पढ़ाया गया था कि भारत सोने की चिड़िया है। As a minister, I had the occasion to see our gold physically airlifted, to be placed in two Swiss banks to sustain our fiscal credibility, because our foreign exchange was around one billion US dollars. Now it is more than six hundred billion US dollars, mind you. We are getting things back rather than giving. I suffered the pain then when the World Bank and IMF would give us not advisories or advice, but peremptorily direct us: “Do this, otherwise…”  and now the same institutions, IMF says, India is a favourite global destination of investment and opportunity. World Bank says, digitisation of India and its penetration that happened in six years is otherwise not achievable in four decades or more. We are a role model, according to the World Bank, of digitisation, that happened there.

    Another aspect was that we had a system where corruption was rampant in power corridors, nothing could catalyse without a middleman, your pedigree was a password to opportunity and a job or a contract. Now power corridors are fully sanitised, the middleman has disappeared from the one-sixth of humanity, at least. Do we see middlemen around? No. All transactions are taking place digitally, without human interface. That is the change I never imagined. This change I am seeing myself. We were living in an era where there was privilege pedigree.some thought law was not for them, they were immune to law. They were not accountable to law, it was a concept not known to them but now, the privileged pedigree is feeling the heat of law and why not? Equality before the law is an inalienable facet of democracy. How can we call a nation a democratic nation if some people pass away more equal than others? That is the benefit to young minds and as a result of that, our youth are energised.

    The fourth point I wish to make is about the economy. I can’t even tell you the size of the Indian economy in 1990 was smaller than the city of London or Paris. Imagine. A decade ago, we were counted amongst the fragile five nations. A cliff hanging economy, a concern to the global community. Now we are a robust economy, we are amongst the five great economies of the world, we are the fifth largest, on the way to becoming the third, ahead of Japan and Germany, in two years. Our economic rise is like a plateau, affecting everyone. 

    In all this, the contribution of science is there, technology is there, corruption would have been there, Transparent, accountable governance would not have been there unless there was technology. Digitisation and penetration would not have happened but for democracy. People are adept at technology, they may not be very literate, but they know how to use the internet, how to avail themselves of services. This means the Great Marathon March for Viksit Bharat@2047. You are the major stakeholders. You may not be that visible on the screen, but you are the driving force of it. You will have to be contributing 24X7. 

    My best wishes to you, CSIR exemplifies excellence, academic brilliance and cutting-edge research. In the near future, we will doubtlessly see Bharat emerging as a global pioneer in the domains of science and technology that will help us script a new chapter in our growth story.

    Thank you so much.

    ****

    JK/RC/SM

    (Release ID: 2058962) Visitor Counter : 5

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Appointment of Over 15000 Youth in First 100 Days of Modi 3.0 by Central Ministries and Departments Paving the Path to VIKSIT BHARAT

    Source: Government of India

    Posted On: 25 SEP 2024 10:28PM by PIB Delhi

    The Prime Minister Narendra Modi has always accorded the highest priority to generation of employment opportunities and empowerment of youth in the country. The Prime Minister has always held that our demographic dividend is one of the biggest strengths of our country and the Government of India is according the highest priority to ensure the talent of the youth is fully utilized in the nation building to achieve the goal of Viksit Bharat.

    First 100 days of the third term of the present Government have been marked by several key initiatives and decisions which have positively impacted the lives of people and laid a strong foundation for Vikshit Bharat@2047. The citizen-centric decisions have been driven by the vision of the Prime Minister to enhance ease of living and make life better for the poor & middle class, dalit, vanchit, adivasis, Nari shakti and Yuva shakti.

    During the period of 100 days, appointment letters have been issued to over 15000 youth for government jobs by Central Ministries and Departments. The new appointments comprised of various ranks, posts and groups, including the following:

    Ministry of Home Affairs- Inspector, Assistant Sub Inspector, Constable, Head Constable, Sub Inspector, Carpenter, Store, Driver, Constable (Executive) in Delhi Police etc.

    Ministry of Coal– Surveyor (Mining), Senior Medical officer, Medical Specialist, Executive Trainee, Dumper Operator etc.

    Ministry of Health and Family Welfare – Doctor, Nursing Officer, Professor, Assistant Professor, Medical Specialist, Pharmacist, MTS, Lower Division Clerk, Radiographer, and Library Clerk, Laboratory Attendant.

    Department of Higher EducationAssistant Professor, Registrar, Multi-Tasking Staff, Private Secretary, Controller of Examination, Technical Officer, Sports Officer, Executive Engineer, Counselor, Law Officer.

     

    Department of Revenue –Inspector, Examiner, Preventive Officer, Tax Assistant, Multi -Tasking Staff etc.

     

    Ministry of Power- Engineer (Trainee), Manager, Dy. Manager etc.

    Ministry of Defence (Civilian)– Scientist, Multi-Tasking Staff (MTS), Tradesman, Civilian Motor Driver, Clerk, etc.

    The newly inducted appointees will also be getting an opportunity to train themselves through “Karmayogi Prarambh”, an e-learning module on iGOT Karmayogi portal, where more than 1200 high quality e-learning courses have been made available for ‘anywhere any device’ learning format. More than 43 Lakh Karmayogis have so far been onboarded onto the portal Mission Karmayogi, launched in September 2020, aiming at promoting citizen-centric governance.

    The new appointees will be able to serve the Nation by joining their services in various roles and will be witness to India@2047 and are expected to play a significant role in nation building. They will be, inter alia, involved in the task of strengthening Industrial, Economic and Social Infrastructure of the nation thereby building New India with their innovative ideas, cutting edge technology and public participation in governance. The momentum of transformative change continues to shape the nation’s rise at the global stage.

    *****

    AG

    (Release ID: 2058859) Visitor Counter : 31

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Secretary, Dr. Devesh Chaturvedi chairs a review meeting of United Nations World Food Programme- Country Programme Advisory Committee

    Source: Government of India

    Posted On: 26 SEP 2024 11:38AM by PIB Delhi

    Secretary, Department of Agriculture & Farmers Welfare (DA&FW), Dr. Devesh Chaturvedi chaired a meeting of the Country Programme Advisory Committee (CPAC) to review the implementation of the Country Strategic Plan (CSP) 2023-2027 with representatives of the United Nations World Food Programme (UN WFP) and members from concerned Ministries/Departments.

    To address the national priorities in food security and nutrition through capacity building and technical support, a Memorandum of Understanding (MoU) was signed between the Department of Agriculture & Farmers Welfare and the United Nations World Food Programme. Under the MoU, the CSP 2023-27 addresses four strategic outcomes which includes (i) more effective and efficient national food-based social protection systems; (ii) increasing consumption of diverse, nutritious, and fortified foods; (iii) enhancing the social and financial mobility of women; and (iv) strengthening the adaptive capacity to build climate-resilient livelihoods and food systems.

    To coordinate and review the progress on initiatives under Country Strategic Plan, a Country Programme Advisory Committee has been constituted under the chairperson of Dr. Devesh Chaturvedi and Joint Secretaries of concerned Ministries and NITI Aayog as its members. The committee meets at least annually.  This was the first meeting of CPAC under CSP 2023-27 to review and discuss the progress and accomplishments of the ongoing Country Strategic Plan (CSP).

    The Country Director of WFP Ms Elizabeth Faure informed the committee about the status of various targeted outcomes of the CSP. WFP informed about various ongoing initiatives which includetransforming agriculture and enhancing food security for smallholder farmers in states like Assam, Odisha, Tamil Nadu and Andhra Pradesh; nationwide efforts for mainstreaming millets; building resilience in fishing communities through the ‘Secure Fishing’ App; initiative for optimizing the Public Distribution System (PDS); Annapurti initiative provides grain ATMs; school nutri-gardens; andrice fortification etc.

    Dr. Devesh Chaturvedi highlighted that the department and WFP have maintained a long-standing partnership, driven by shared goal of achieving food and nutrition security. He suggested the officers toidentify the scalable interventions and initiatives and prepare mechanism for including the same in ongoing programmes of ministries/departments. He further advised WFP to organise a one-day workshop to present and discuss the important initiatives and pilots exclusively in the Agriculture Sector with officers of the department. He also emphasised that while accessing the nutritional outcomes of the programmes we should also look at the standards on nutrition applicable for Indian population. Along with ongoing fortified varieties of different cereals, existing local varieties of red and black rice and millet, which are nutritious, should also be popularised. He also advised exploring the possibilities of bringing the Farmer Producer Organizations (FPO) intodifferent initiatives.  

    The meeting was also attended by officers and representatives from D/o Food & Public Distribution, M/o Women and Child Development, D/o Rural Development, M/o Environment, Forestry and Climate Change, D/o School Education & Literacy, M/o External Affairs, National Disaster Management Authority, India Meteorological Department and M/o Earth Sciences.

    *****

    SS

    (Release ID: 2058889) Visitor Counter : 77

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: BCCL’s Strategic Moves Boost Domestic Coking Coal Consumption

    Source: Government of India (2)

    Posted On: 26 SEP 2024 11:06AM by PIB Delhi

    Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited (CIL) and India’s largest producer of coking coal, has made significant strides in reducing the country’s reliance on imported coal through its active role in the “Mission Coking Coal” initiative under the Aatmnirbhar Bharat vision.

    The import of coking coal puts a burden on India’s valuable foreign reserve, and to cutting down on these imports, BCCL has undertaken substantial reforms to make its coking coal auction processes more flexible, transparent, and attractive for the country’s steel producers.

    One of BCCL’s major efforts came after the Tranche VI auction, where none of the offered coal was booked. In response, BCCL reassessed its strategy and made several improvements. Key among them was the introduction of consortium bidding, which allowed smaller consumers to collaborate and participate collectively in the auction, broadening the pool of bidders and making the process more accessible.

    In a bid to attract more participants, BCCL proposed amendments to the eligibility norms for linkage auction bidders. The proposal was approved at the Functional Directors’ Meeting of BCCL and subsequently forwarded to CIL for further consideration. This proposal included the participation of consortiums comprising steel plants, existing or new coking coal washeries, and other plants capable of consuming the power coal by-products of washeries. CIL quickly embraced this idea, leading to the development of a new Scheme Document for Tranche VII of the Linkage Auction for the steel sub-sector.

    Before the official notification of the Scheme Document and to ensure broad engagement, BCCL and CIL hosted a Consumer Meet in Delhi, gathering feedback from steel producers and industry associations. This effort, also coupled with continuous follow-up with potential bidders and proactive engagement, regular communication significantly improved participation in the auction process.

    As a result of these initiatives, BCCL achieved record-breaking success in the recently concluded long-term linkage e-auction (Tranche VII) for the steel sub-sector. Of the 3.36 MT of coking coal offered, 2.40 MT was successfully booked, setting a new benchmark in coal bookings.

    These efforts by BCCL are poised to significantly enhance the use of domestic coking coal, reduce reliance on imports, and strengthen the steel industry in India. The successful implementation of consortium bidding and clear communication regarding the auction process has ensured higher participation, benefiting both consumers and the country’s broader goal of import substitution under the vision of Aatmnirbhar Bharat.

    Expressing satisfaction with the success of Tranche VII, CMD, BCCL, Shri Samiran Dutta, said the concerted efforts to make the auction process more inclusive and transparent have paid off significantly. The successful bookings are a testament to commitment to boosting domestic coking coal production and reducing import dependency.

    *****

    ST

    (Release ID: 2058882) Visitor Counter : 107

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: 7th Rashtriya Poshan Maah

    Source: Government of India (2)

    7th Rashtriya Poshan Maah

    Empowering Women through Nutrition

    Posted On: 26 SEP 2024 10:18AM by PIB Delhi

    Click here for more detail:- 7th Rashtriya Poshan Maah

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    Santosh Kumar/ Sheetal Angral/ Madiha Iqbal/Kamna Lakaria

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  • MIL-OSI Asia-Pac: India-Mauritius Talks for collaboration in Capacity Building programme “Positive and Successful”

    Source: Government of India

    India-Mauritius Talks for collaboration in Capacity Building programme “Positive and Successful”

    High Level Official Delegation from Mauritius Visits National Centre for Good Governance (NCGG), Department of Administrative Reforms and Public Grievances (DARPG) Indiafrom 23rd – 25th September, 2024 to Strengthen Bilateral Cooperation

    Two sides discuss the roadmap for collaboration between the NCGG and the Ministry of Public Service, Administrative and Institutional Reforms for conducting capacity building programs including faculty development programs

    Shri V. Srinivas, Secretary, DARPG and DG, NCGG led the Delegation level talks with the High Level Mauritius Delegation led by Mr K. Conhye, Secretary for Public Service, Mauritius

    Posted On: 26 SEP 2024 1:22PM by PIB Delhi

    The High-level official visit of the Mauritius Delegation concluded successfully with strategic meetings and productive deliberations. The Delegation level talks was led by Shri V. Srinivas, IAS, Secretary, Ministry of Personnel, Public Grievances and Pensions, DARPG, and Director General, NCGG with the Mauritius Delegation led by Mr. K. Conhye, Secretary for Public Service, Mauritius&comprising of Mr. S. Ramgolam, Director, Public Sector Business Transformation Bureau and Mr. S. D. Jannoo, Director, Human Resource Management, Mauritius. The Official visit of the Mauritius Delegation was from September 23-25, 2024.

    Secretary for Public Service, Mauritius, Mr. K. Conhye and H.E. High Commissioner of Mauritius to India Mr. Haymandoyal Dillum were received by Secretary, DARPG and DG, NCGG, Shri V. Srinivas on 23rd September, 2024. The two sides discussed avenues for collaboration between the NCGG and Ministry of Public Services, Administrative and Institutional Reforms, Mauritius on capacity building programs for Mauritius Public Officers including faculty development programs.

     

    The Delegation had an interaction with the DCs/DMs of PM Awarded initiatives led by Secretary, DARPG & DG, NCGG. The interactions were held with Smt. Varnali Deka, DC Nalbari, Assam; DM & Collector, Lakhimpur Kheri, UP, Smt. Durga Shakti Nagpal;  DM & Collector, Meerut, UP, Shri Deepak Meena;  Addl. Secretary to Governor, Uttarakhand, Smt. Swati Bhaduria and Smt. Bhavya Mittal, DM Burhanpur, MP. The roles & responsibilities of District Collectors in India, governance challenges and reforms aimed at enhancing public service delivery were also shared during the interaction.

     

    The Mauritius delegation engaged with experts from PM GatiShakti, GeMand UIDAI. The delegation met Shri S.N. Tripathi, Director General, Indian Institute of Public Administration (IIPA) and were briefed on educational frameworks on public administration, governance structures and decentralization. India’s best governance practices in action was showcased in their visit to Paryavaran Bhawan where they met Shri Amandeep Garg, IAS, Additional Secretary, MoEF&CC. An interaction with Shri Arun Singhal, IAS, Director GeneralNational Archives of India (NAI) provided insights into record sharing, data quality checks, and digitization projects that preserve India’s extensive historical documents. The Mauritius delegation was exposed to Zero Tolerance to corruption approachby Central Vigilance Commission in an interaction with Shri. P. Daniel, Secretary, CVC.The Delgaetion met the Chief Information Commissioner, Shri Heeralal Samariya.; the Information Commissioners Smt. Anandi Ramalingam and Shri Vinod Kumar Tiwari and also the Secretary, CIC, Smt. Rashmi Chowdhary and were briefed on the promotion of transparency through RTI.The Capacity Building Programs through Mission Karmayogi was presentedto them by Shri Adil Zainulbhai, Chairman, CBC.

    The 3-Day official visit successfully ended with a clear roadmap for enhanced bilateral cooperation and capacity building programs for Senior and Mid-Level Public Officers of Mauritius.  In the concluding De-briefing meeting the contours of the Capacity Build programs for the Public Officers of Mauritius was discussed and the Draft MoU for collaboration between the Ministry of Public Service, Administrative and Institutional Reforms, Mauritius and National Centre for Good Governance were exchanged for being taken forward.

     

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    AG

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  • MIL-OSI USA: Administrator Samantha Power Concludes Her Visit to New York for the UN General Assembly High-Level Week

    Source: USAID

    The following is attributable to Spokesperson Benjamin Suarato:

    Administrator Samantha Power began her third day at the UN General Assembly High-Level Week with a meeting with Haitian Prime Minister Garry Conille. They discussed USAID’s ongoing efforts to support the people of Haiti and the transitional government. Administrator Power underscored USAID’s strong commitment to partnerships focused on building a more stable and prosperous Haiti. The Administrator and the Prime Minister emphasized the importance of support for the Multinational Security Support (MSS) mission. Administrator Power and Prime Minister Conille also emphasized the need for timely renewal of HOPE/HELP trade preferences. 

    Administrator Power co-chaired a roundtable discussion with UK Development Minister Anneliese Dodds on Houthi detentions of UN, NGO, and diplomatic staff in Yemen. Participants included high-level officials from the UN and a range of governments. Participants emphasized their shared resolve to press for the immediate release of the detainees using all diplomatic channels, reassess programming, and reaffirm their commitment to supporting the people of Yemen.

    Administrator Power met with Dr. Muhammad Yunus, Chief Advisor of Bangladesh’s Interim Government. They discussed the strong support of the U.S. for the people of Bangladesh, including through the personal engagement of President Biden and the recent signing of a more than $200 million development agreement with the Interim Government. Administrator Power and Chief Advisor Yunus discussed labor rights and reforms, and Administrator Power reaffirmed USAID’s commitment to offering a range of support in advancing development, strengthening governance, expanding trade, and creating greater opportunities at a critical moment in Bangladesh. 

    At USAID’s flagship Democracy Delivers event, Administrator Power announced a mobilization of $517 million, including $73 million through USAID and the Department of State, in support of countries experiencing democratic openings. Administrator Power announced that Guatemala will join the Agency’s Democracy Delivers Initiative, which now supports Armenia, Dominican Republic, Ecuador, Fiji, Guatemala, Malawi, Maldives, Moldova, Nepal, Tanzania, and Zambia. Leaders from these countries joined the event to highlight their countries’ democratic progress and to welcome new investments and collaborations furthering democratic resilience. Like-minded government partners committed to elevate attention to democratic openings around the world, and philanthropic partners announced new commitments to support democratic development across the Democracy Delivers cohort of countries.

    MIL OSI USA News

  • MIL-OSI Asia-Pac: Steel Authority of India Limited (SAIL) conducted its 52nd Annual General Meeting

    Source: Government of India

    Steel Authority of India Limited (SAIL) conducted its 52nd Annual General Meeting

    SAIL will continue to strive to stay ahead of curve at the 52nd AGM: Chairman, SAIL

    Posted On: 26 SEP 2024 1:44PM by PIB Delhi

    Steel Authority of India Limited (SAIL) conducted its 52nd Annual General Meeting (AGM), today at Company’s headquarters at Lodi Road, New Delhi. Shri Amarendu Prakash, Chairman, SAIL addressed the shareholders in the meeting, held through a virtual platform.

    While addressing the Company’s shareholders, he said, “Reflecting on the performance of the previous year ad looking forward in the future reinforces my belief that as an organisation, we can aspire to be ‘Number One’, i.e the best in our industry”. He added that the Indian Government’s continuous push to transform the social, digital and physical infrastructure of the country with a vision of Viksit Bharat by 2047 has fueled steel demand in the Country across all sectors.

    He summarized the performance of SAIL during FY 23-24 and said that SAIL created new benchmarks by producing 20.5 Million Tonnes (MT), 19.24 MT and 18.44 MT of Hot Metal, Crude Steel and Saleable Steel respectively during FY’24, registering growth of 5.6%, 5.2% and 6.9% respectively over the previous year. He mentioned that the Company achieved the best Sales Turnover of Rs 1,04,545 Crore during FY’24.

    He added that SAIL is on track to excel in two focus areas which are to ma  ximise capacity utilisation and provide best value to customers. He said, “SAIL would continue to engage with stakeholders, improve the asset utilization and proactively be ahead of the curve”.

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    MG/SK

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  • MIL-OSI Asia-Pac: Ministry of Heavy Industries continues to Conduct Nationwide Campaign on Swachhata under Special Campaign 4.0

    Source: Government of India

    Posted On: 26 SEP 2024 1:38PM by PIB Delhi

    Drawing inspiration from Prime Minister’s vision to institutionalize Swachhata and minimize pendency in Government, the Ministry of Heavy Industries (MHI) alongwith its Central Public Sector Enterprises (CPSEs) and Autonomous Bodies (ABs) is working out extensive plan to actively participate in the 4th consecutive year of the Special Campaign for Disposal of Pending Matters (SCDPM) 4.0 which is being implemented in two phases namely Preparatory Phase from 15th – 30th September 2024 and Main Phase from 2nd – 31st October 2024.

    MHI had been a leading performer during the Special Campaign 3.0 on Swachhata. During the Special Campaign 3.0, the Ministry achieved 2nd Position in space freed by disposal of scrap and created 21 Lakh Sq. Ft. and achieved 5th Position in revenue generation by generating a Revenue of Rs. 4.66 Crore as a proceed of sale of redundant material.

       

    Scrap Identified for cleaning by HMT International Limited, Space Identified for cleaning at AYCL Bengaluru, Karnatak  Basmatia Tea Estate, Assam With an objective to repeat its past performance, MHI alongwith its CPSEs and ABs has so far planned to conduct 111 outdoor campaigns during main phase of Special Campaign 4.0. 1.91 lakh Sq. Ft of space has been identified which is to be freed and approximately 28,000 physical files have been identified for review out of which, 5,700 (approx) are to be weeded out.  Similarly, 1.05 Lakh (approx) digital files have been identified for review out of which, 86,000 (approx) are to be closed.

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    MG/PD

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  • MIL-OSI Asia-Pac: PRESIDENT OF INDIA VISITS SIACHEN BASE CAMP AND INTERACTS WITH THE TROOPS

    Source: Government of India

    Posted On: 26 SEP 2024 2:40PM by PIB Delhi

    The President of India, Smt Droupadi Murmu visited Siachen Base Camp today (September 26, 2024) and paid her tributes at the Siachen War Memorial, which is a symbol of the sacrifice of soldiers and officers who have been martyred since the Indian Army began Operation Meghdoot on the Siachen Glacier on April 13, 1984. She also addressed the soldiers posted there.

     

    Addressing the soldiers, the President said that as the supreme commander of the armed forces, she felt very proud of them and that all citizens salute their bravery.

     

    The President said that since the commencement of Operation Meghdoot in April 1984, the brave soldiers and officers of the Indian Armed Forces have ensured the security of this region. They face severe weather conditions. In difficult situations like heavy snowfall and minus 50 degrees temperature, they remain deployed at their front with full devotion and vigilance. They present extraordinary examples of sacrifice and tolerance in protecting the motherland. She told soldiers that all Indians are aware of their sacrifice and bravery and we respect them.

     

    Click here to see the President speech

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    MJPS/SR/BM

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  • MIL-OSI Asia-Pac: TRAI Mandates Whitelisted URLs, APKS, or OTT links for SMS Traffic

    Source: Government of India (2)

    Posted On: 26 SEP 2024 1:54PM by PIB Delhi

    In a major step to curb the misuse of URLs (Uniform Resource Locators) in messages, the Telecom Regulatory Authority of India (TRAI) issued a Direction on 20th August 2024, instructing all Access Providers to block any traffic containing URLs, APKs (Android Package Kit), or OTT (Over The Top) links that have not been whitelisted. The Direction is set to be implemented by 1st October 2024.

    To ensure smooth flow of SMS traffic containing URLs, TRAI advises registered senders to promptly upload their whitelisted URL/APK/OTT links to the portal of the respective Access Providers. So far, over 3,000 registered senders have complied with this requirement by whitelisting more than 70,000 links. Senders who fail to whitelist their links by the due date will not be able to transmit any messages containing URL/APK/OTT links.

    This initiative by TRAI is designed to safeguard consumers from unsolicited messages containing malicious links while fostering a transparent and secure communication system. By complying with these new rules, both Access Providers and registered senders can help in creating a more reliable and safe messaging environment.

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    MG/SB/DP

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  • MIL-OSI Asia-Pac: ADM DINESH K TRIPATHI, CHIEF OF THE NAVAL STAFF ON AN OFFICIAL VISIT TO GREECE

    Source: Government of India

    Posted On: 26 SEP 2024 1:46PM by PIB Delhi

    Admiral Dinesh K Tripathi, Chief of the Naval Staff (CNS), is on a four day official visit to Greece from 26 to 29 Sep 24. This visit is part of ongoing efforts to further consolidate bilateral defence relations between India and Greece, with a focus on enhancing Naval Cooperation.

    During the visit, the CNS will engage in bilateral discussions with senior Greek defence officials, including Mr Ioannis Kefalogiannis, Deputy Minister of Defence, Vice Admiral Dimitrios E Kataras, Chief of the Hellenic Navy General Staff (HGNS), Vice Admiral Christos Sasiakos, Deputy Chief of Hellenic National Defence General Staff.

    The discussions are expected to cover a broad spectrum of defence cooperation areas, particularly maritime security, joint training initiatives, and exploring avenues for future operational collaboration between the two navies.

    As part of his visit, Adm Dinesh K Tripathi shall be visiting the Salamis Bay, the base of the Hellenic Naval Fleet as well as the Hellenic Naval Academy. Through demonstrations and visits to Hellenic naval assets, the Hellenic Navy has planned to introduce Greece’s naval capabilities and training methodologies to the CNS.

    The Hellenic Navy Chief shall be hosting the Indian CNS onboard the renowned Georgios AVEROF, the Hellenic naval museum ship, offering him a glimpse into Greece’s rich maritime history and naval heritage.

    The visit underscores the strong naval relations between India and Greece, which include joint exercises, port visits, and capacity-building initiatives. Admiral Dinesh K Tripathi’s engagements in Greece are expected to further strengthen the bonds of friendship and cooperation between the two navies, ensuring enhanced collaboration in areas of mutual interest.

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    VM/SPS                                                                                           

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  • MIL-OSI Asia-Pac: Ministry of Ports, Shipping & Waterways Gears Up for Special Campaign 4.0 from 2nd October to 31st October 2024

    Source: Government of India (2)

    Ministry of Ports, Shipping & Waterways Gears Up for Special Campaign 4.0 from 2nd October to 31st October 2024

    Preparatory Steps Taken to Institutionalize Swachhata and Reduce Pendency across MoPSW and its Organizations/PSUs

    164 Cleanliness Drives Targeted and Over 21,000 Files Identified for Review during Campaign Phase

    Posted On: 26 SEP 2024 3:57PM by PIB Delhi

    In alignment with the Special Campaign 4.0 for institutionalizing Swachhata (cleanliness) and reducing pendency, the Ministry of Ports, Shipping & Waterways (MoPSW) is taking comprehensive preparatory steps to ensure these values are embedded into daily operations. The guidelines of the campaign have been shared with all organizations and PSUs under the Ministry’s administrative control. Secretary MoPSW has held multiple review meetings with Ministry officials and the heads of all organizations/PSUs to facilitate campaign readiness and target setting.

    During the Preparatory Phase (16th September to 30th September 2024), reviews of pending references and physical and electronic files/records are being conducted across MoPSW and its organizations/PSUs to determine the targets to be achieved during the campaign phase, which runs from 2nd October to 31st October 2024. So far, 164 cleanliness campaigns have been planned, and approximately 21,200 physical and electronic files have been identified for review during this period.

    In the previous iteration of the campaign, Special Campaign 3.0, the Ministry achieved substantial progress in reducing the backlog of references from Members of Parliament, State Governments, other Ministries, and the public, as well as clearing Parliamentary Assurances. Approximately 2,12,000 files were reviewed, with around 28,000 files weeded out. Additionally, about 1,18,000 e-files were closed, and 36 rules were simplified. The Ministry generated revenue of Rs. 21.25 crore through scrap disposal, freeing up nearly 72,000 sq. ft. of space.

    Regular high-level reviews are being conducted within the Ministry to ensure the successful execution of Special Campaign 4.0.

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    NB/AK

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  • MIL-OSI Asia-Pac: Mere commitment of fiscal resources and lip service to R&D is not enough; focus on tangible outcomes, says VP

    Source: Government of India

    Mere commitment of fiscal resources and lip service to R&D is not enough; focus on tangible outcomes, says VP

    PM’s heart and soul is deeply with scientific community-VP

    Ecosystem in place where scientists can fully exploit their potential, says VP

    R&D contributions have to be substantial not cosmetic-VP

    Research is integral to soft diplomacy and security-VP

    Shri Dhankhar calls on corporates to invest in research and development

    CSIR stands for Catalyst for Scientifically Imaginative Rashtra, underlines VP

    R&D in institutions should not be in pursuit of gaining academic information alone-VP

    Vice-President addresses the 83rd Foundation Day Celebrations of CSIR at New Delhi today

    Posted On: 26 SEP 2024 3:22PM by PIB Delhi

    The Vice-President, Shri Jagdeep Dhankhar today said that contributions to R&D must be “substantial, the result has to be substantial, not cosmetic or superficial”, he stressed. He said that mere commitment of fiscal resources is not enough and significance of any research should be measured in terms of tangible outcomes.

    “We will have to be on guard that merely because fiscal resources are committed, we cannot take pride, oh, I have spent so much for research and development. Investment in research and development has to be correlated to tangible outcomes,” he added.

    Addressing the gathering at the at the 83rd CSIR Foundation Day Celebrations, Pusa Road, New Delhi today, the Vice-President invited attention to the significance of research and development in the contemporary scenario, Shri Dhankhar emphasised that research and development is integral to soft diplomacy and national security.

    “The investment in research and development is lasting…..Research and development is so integrated to security these days. And therefore investment is for the nation. Investment is for growth. Investment is for sustainability”, he asserted.

    Highlighting the current environment, Shri Dhankhar expressed satisfaction that recognition for the scientific community has significantly increased. “Soothing to note that in last few years recognition for the scientific community has gone up. It has gone up in several ways including government being very serious about it, and Prime Minister’s heart and soul is deeply in scientific community”.

    Shri Dhankhar further lauded Prime Minister’s deep respect for and belief in the potential of India’s scientists.

    Reflecting on the past where the contributions of scientists were not always appropriately recognized, Shri Dhankhar remarked “I am fully alive of the headwinds you face, air pockets you suffer, difficult terrain you negotiate and on occasions there is no due recognition. Therefore, an ecosystem that existed earlier where you were contributing and recognition was not coming in the right form”, he added.

    Recognising the current change in ecosystem, Shri Dhankhar underlined, “Now there is an ecosystem in place where our scientists can fully exploit and expand their energy exploit their talent and contribute for the nation by unleashing their innovative skills”.

    Calling upon corporate to invest more in research and development, he said “significant contributions being made by Indian companies in sectors like automobile and information technology. Looking to our nation’s size, its potential, its position, and the growth trajectory on which it is there, our corporates need to come forward to engage in research and development”.

    Terming CSIR as Catalyst for Scientifically Imaginative Rashtra, Shri Dhankhar highlighted, “It is your Foundation Day, but it is integrally connected with the firm foundations of Bharat. You are firming up those foundations of the most vibrant, functional democracy on the planet. You are firming up the foundations of a nation that is on the rise as never before, and the rise is unstoppable” 

    He further emphasized the crucial role of science and technology as the growth engine for any nation, underscoring that this engine is primarily driven by research and development (R&D).

    Expressing his deep concern about the current approach to research and development (R&D) in India’s institutions, Shri Dhankhar highlighted the need for substantial contributions rather than mere lip service. “I am concerned about one aspect in particular, and that aspect, fortunately for me, was voiced in a survey by CSIR,” he stated.

    He further stressed that those engaged in research within academic institutions should not be motivated solely by academic gains, asserting, “Research is not a simulation. Research is research.”

     He appealed for the establishment of Standard Operating Procedures (SOPs) to ensure that investments in human resources and institutions are directed towards authentic and impactful research.

    Acknowledging the critical role played by CSIR in shaping modern India’s scientific and technological landscape, Shri Dhankhar emphasized the historical legacy of India’s scientific stating “if we go into our historical perspective we will find ages ago our Bharat had scientific prowess. We were global leaders; we were centre of the globe when it came to scientific knowledge”.

    He also noted that while the country lost its way for a period, it is now on the path to regaining our past pristine glory in the world of science. “The kind of discoveries and inventions that were made, we made the world proud, we lost way somewhere, we are beginning that way”, he remarked. 

    Earlier the Vice-President also inaugurated the ‘CSIR Thematic Exhibition 2024’ at NASC Complex. 

    Shri Prof. Ajay K. Sood, PSA to GoI, Dr. K. Radhakrishanan, CSIR Foundation Day Speaker, Former Chairman, ISRO, Dr. N. Kalaiselvi, Director General, CSIR, Dr. G Mahesh, Chairperson, CSIR Foundation Day Celebration and other dignitaries were also present on the occasion.

    Read full text here: pib.gov.in/PressRelese

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    JK/RC/SM

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  • MIL-OSI Asia-Pac: DRDO & INAE organise 11th Engineers Conclave in Hyderabad to discuss emerging technologies & advancements in indigenisation

    Source: Government of India (2)

    Posted On: 26 SEP 2024 4:08PM by PIB Delhi

    The 11th Engineers Conclave, jointly organised by Defence Research & Development Organisation (DRDO) and Indian National Academy of Engineering (INAE) in Hyderabad, commenced on September 26, 2024. The aim of the two-day annual conclave is to deliberate on two strategic priorities i.e., ‘Additive Manufacturing for Defence Applications’ and ‘Defence Manufacturing Technologies’. The event, being held at Defence Research & Development Laboratory (DRDL) of DRDO, brings together engineers, scientists, academicians and industry leaders to discuss emerging technologies & advancements in indigenisation. 

    The conclave was inaugurated by the Chief Guest, Former Chairman, Atomic Energy Commission Dr Anil Kakodkar and Guest of Honour, Secretary Department of Defence R&D and Chairman DRDO Dr Samir V Kamat. DRDL Director (Hyderabad) Shri GA Srinivasa Murthy, Director General, Missiles and Strategic Systems Shri U Raja Babu, and INAE President Prof Indranil Manna addressed the gathering.

     

    SR/KB

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  • MIL-OSI Asia-Pac: LCSD to present “Glorious Voyage: Splendid Achievements of the People’s Republic of China in Its 75 Years” Exhibition Series to showcase developments and achievements of China (with photos)

    Source: Hong Kong Government special administrative region

    LCSD to present “Glorious Voyage: Splendid Achievements of the People’s Republic of China in Its 75 Years” Exhibition Series to showcase developments and achievements of China (with photos)
    LCSD to present “Glorious Voyage: Splendid Achievements of the People’s Republic of China in Its 75 Years” Exhibition Series to showcase developments and achievements of China (with photos)
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         To celebrate the 75th anniversary of the founding of the People’s Republic of China, the Leisure and Cultural Services Department (LCSD) will present the “Glorious Voyage: Splendid Achievements of the People’s Republic of China in Its 75 Years” Exhibition Series, at the Hong Kong Museum of History (HKMH) and the Hong Kong Science Museum (HKScM) from tomorrow (September 27) to illustrate the important developments and achievements of China over the past 75 years from a variety of perspectives. Admission to the exhibitions is free.           Addressing the opening ceremony of the exhibition today (September 26), the Deputy Chief Secretary for Administration, Mr Cheuk Wing-hing, said that China is a force to be reckoned with in the areas such as economy, manufacturing, trade, technology, infrastructure, culture and sports. Today, China is the world’s second-largest economy, the largest industrial manufacturing country, the largest goods trading country and the largest foreign exchange reserve holding country. These are the results of the people’s forging ahead steadfastly and also the pride of all Chinese people. This exhibition series is one of the signature events organised by the Hong Kong Special Administrative Region Government in celebration of the 75th anniversary of the founding of the People’s Republic of China, to promote the spirit of patriotism in the community. Its three exhibitions, namely “Leapfrog Development”, “Scientific Breakthroughs” and “Era of Intelligence”, showcase the country’s modernisation process from the perspectives of economy, education, technology, culture, sports and people’s livelihood. It aimed to enhance the understanding of the public, especially the younger generation, of the achievements of New China over the past 75 years, thereby enhancing their sense of national identity and sense of belonging.           Other officiating guests at the opening ceremony included Deputy Director of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region (HKSAR) Mr Yin Zhonghua; Vice President and Executive Secretary of the Secretariat of the China Association for Science and Technology, Mr Meng Qinghai; Deputy Commissioner of the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the HKSAR Mr Fang Jianming; the Secretary for Culture, Sports and Tourism, Mr Kevin Yeung; the Chairman of the Hong Kong Ta Kung Wen Wei Media Group, Mr Li Dahong; the Convenor of the Working Group on Patriotic Education under the Constitution and Basic Law Promotion Steering Committee, Ms Starry Lee; the Chairperson of the History Sub-committee of the Museum Advisory Committee, Professor Joshua Mok; and the Director of Leisure and Cultural Services, Mr Vincent Liu.           The “Leapfrog Development” exhibition, located in the Lobby, 1/F, HKMH, presents the developments and achievements of the economy, infrastructure, culture, sports and ecological conservation initiatives of China through text and images. It also displays medals won by athletes in the Olympic and Paralympic Games to showcase their spirit of perseverance and hard work. They include the first gold medal won by Hong Kong, China windsurfer Ms Lee Lai-shan at the 1996 Atlanta Olympics for the HKSAR, the gold medal won by So Wa-wai, representing Hong Kong, China in the men’s 100m races (T36) at the 2000 Sydney Paralympic Games, the gold medal won by Chinese diver Ms Guo Jingjing in the women’s three-metre springboard event at the 2008 Beijing Olympics, and the silver medal won by Ms Siobhan Bernadette Haughey, representing Hong Kong, China in the women’s 100m freestyle events at the 2020 Tokyo Olympics. For details of the exhibition, please visit hk.history.museum/en/web/mh/exhibition/75A-Exhibition.html.           The country’s scientific and technological endeavours have made remarkable progress over the past 75 years. The “Scientific Breakthroughs” exhibition at the 2/F Exhibition Hall, HKScM is divided into three parts, namely “The Lifeblood of the People’s Republic of China”, “Silent Thunder”, and “A Chip-driven Patriotic Heart”, based on three significant historical events: the 65th anniversary of the discovery of the Daqing Oil Field, the 60th anniversary of the successful detonation of China’s first atomic bomb, and the 25th anniversary of the establishment of the State Preeminent Science & Technology Award. The exhibition showcases China’s outstanding achievements in science and technology through graphics, videos, objects, and interactive exhibits, demonstrating the patriotic spirit and steadfast beliefs of Chinese scientists. Highlight exhibits include the Core Sample from Songliao Basin No.3 Stratigraphic Well (replica), which is important historical evidence for the discovery of the Daqing Oil Field; the immersive space “Big Bang in the East”, which explores significant historical events such as the launch of the Dongfeng-1 missile, atomic bomb detonation, hydrogen bomb detonation, and the launch of the Dongfanghong-1; and the model of the Zuchongzhi Superconducting Quantum Computer, developed independently by a Chinese research team, which is the only one in China and one of only two globally to achieve “quantum advantage”.           The “Era of Intelligence” exhibition at the Special Exhibition Hall, G/F, HKScM introduces the transformative technology of artificial intelligence, which has experienced rapid developments in recent years. The application of artificial intelligence in daily life will also be demonstrated at the exhibition. The exhibition features a total of 22 exhibits, with about 70 per cent of them being interactive. These include the immersive zone “Gravitational Battlefield”, which is based on Mainland writer Liu Cixin’s science fiction novel “The Three-Body Problem” and integrates artificial intelligence and mixed reality technologies; a simulation of autonomous driving; and an artificial intelligence model named Master Guess, with which visitors can train and play paper-scissors-stone. Visitors can engage directly with multiple artificial intelligence models to understand how they function in various scenarios such as chess playing, music composition, painting and the implementation of mixed reality. For details of the “Scientific Breakthroughs” and “Era of Intelligence” exhibitions, please visit hk.science.museum/en/web/scm/exhibition/75A2024.html.           The exhibition series is presented by the LCSD. The “Leapfrog Development” exhibition is organised by the Chinese Culture Promotion Office and the Hong Kong Ta Kung Wen Wei Media Group, in collaboration with the HKMH, and supported by the Academy of Chinese Studies and the Hong Kong China Sports Alliance. The “Scientific Breakthroughs” exhibition is organised by the HKScM and the China Science and Technology Museum, in collaboration with the Office of Hong Kong, Macao and Taiwan Affairs of the China Association for Science and Technology and the Beijing – Hong Kong Academic Exchange Centre. The “Era of Intelligence” exhibition is organised by the HKScM, in collaboration with the Faculty of Engineering, the Chinese University of Hong Kong, the Centre for Artificial Intelligence and Robotics, the Hong Kong Institution of Science and Innovation, the Chinese Academy of Sciences and SenseTime. The exhibitions will run until February 5 next year.           Apart from museums, a display titled “Trendsetting Travel in China”, which showcases the remarkable achievements of the motherland through a stunning array of media photographs and a relaxed curatorial approach, will be held at the covered walkway of Sun Yat Sen Memorial Park from September 28, providing members of the public an additional opportunity to learn more about the country’s achievements.           The LCSD has long been promoting Chinese history and culture through organising an array of programmes and activities to enable the public to learn more about the broad and profound Chinese culture. For more information, please visit http://www.lcsd.gov.hk/en/ccpo/index.html.

     
    Ends/Thursday, September 26, 2024Issued at HKT 18:55

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  • MIL-OSI Asia-Pac: Commerce and Industry Minister, Shri Piyush Goyal concludes 3-day visit to Australia

    Source: Government of India

    Posted On: 26 SEP 2024 4:25PM by PIB Delhi

    Union Minister for Commerce and Industry, Shri Piyush Goyal concluded his productive 3-day visit to Australia (23-26 September, 2024) today.

    The Minister co-chaired the 19th Joint Ministerial Commission meeting with Senator The Hon. Don Farrell, Minister for Trade and Tourism of Australia at Government House in Adelaide on August 25, 2024. Discussions focussed on areas of cooperation and economic priorities for India and Australia; implementation of Economic Cooperation and Trade Agreement (ECTA) initiatives; progress on Comprehensive Economic Cooperation Agreement (CECA) negotiations etc.   The Ministers reiterated the target of achieving AUD 100 billion bilateral trade by 2030. They also discussed enhancement of cooperation at multilateral and other regional forums- G20, IPEF and WTO, including the Domestic Services Regulation issue.

    At the Joint Press Conference after the meeting, the Minister announced the opening of an Investment, Trade, Technology and Tourism (ITTT) office in Sydney which will have representatives of Invest India, NICDC, Export Credit Guarantee Corporation and DGFT, including industry bodies like CII and FICCI. Minister Farrell announced a new grant of AUD 10 million for Australian businesses, organisations and universities to boost cooperation with India. Under the new grant, AUD 5 million will be extended to Australian organisations working on projects that boost trade and innovation, cultural ties and community leaders, and a further AUD 5 million for scholars and fellowships to support Australian universities to host Indian students in their research, on shared challenges.

    Both sides agreed that the ‘Make in India’ and ‘Future Made in Australia’ initiatives are complementary and present opportunities to both sides to work together. In this context, Minister mentioned that India marked yesterday, the 10th anniversary of Prime Minister’s flagship ‘Make in India’ initiative, aimed at scaling domestic manufacturing in India. The initiative had created employment opportunities, boosted Indian exports and improved the lives of millions of people in India.

    The Governor of South Australia, The Hon Frances Adamson AC, hosted a lunch for Minister and the accompanying delegation at the Government House. The lunch was attended by The Hon Joe Szakacs MP Minister for Trade and Investment and Minister for Local Government of South Australia and Senator the Hon Simon Birmingham, Leader of the Government in the Senate and Shadow Minister for Foreign Affairs, reflecting the strong bipartisan support to India-Australia partnership.

    Later in the day, Minister Goyal accompanied by Minister Farrell visited the Australian Space Agency at Lot Fourteen Innovation precinct where they interacted with Australian space companies, including, Space Machine Company, which is working with New Space India Limited (NSIL) to launch the largest satellite built in Australia onboard an Indian Small Satellite Launch Vehicle. This Mission, named MAITRI exemplifies the close friendship between the two countries and marks a significant milestone in the bilateral Comprehensive Strategic Partnership.

    The Minister’s visit will impart further momentum to the enhanced economic and commercial engagement between India and Australia. The visit allowed both sides to review progress of CECA and implementation of ECTA initiatives. In addition, several interactions with Australian and Indian businesses in Sydney will lead to enhancement of trade and investment ties between the two countries.

     

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  • MIL-OSI Banking: ICC joins Private Sector Humanitarian Alliance as founding member at UNGA 

    Source: International Chamber of Commerce

    Headline: ICC joins Private Sector Humanitarian Alliance as founding member at UNGA 

    As the world’s largest business organisation, ICC will leverage its global network in 170 countries to help respond to global disasters and humanitarian crises, in line with its purpose to enable peace, prosperity and opportunity for all.  

    “We must see improved integration of the private sector into the humanitarian architecture to sustain peace and security in the face of increasingly complex global challenges.”

    ICC Secretary General, John W. H. Denton AO.

    Despite the generosity of the international community, humanitarian emergencies remain a major challenge today. Globally, 1 in 11 people face malnutrition and food insecurity. More than 130 million people have been forced to leave behind their homes, families, and their lives in search of safety. With far-ranging consequences, sometimes for generations to come.

    PSHA is designed to bridge the divide between the humanitarian ecosystem and global businesses. With its unique platform for humanitarian coordination, PSHA has established the technological infrastructure needed to manage complex humanitarian efforts among different stakeholders, both public and private. This ensures vital resources reach those who need them most.  

    Reshaping humanitarian efforts through technology 

    PSHA’s innovative platform integrates cutting-edge data analytics, crisis intelligence, and algorithmic matching of business resources with humanitarian needs. This unique use of technology helps deliver humanitarian aid as swiftly and efficiently as possible. Improving the efficiency of humanitarian efforts not only redirects vital help toward those in need – it also ensures donors that their donations are used wisely. 

    In its first year of operation, PSHA has already demonstrated its potential to reshape global giving. PSHA successfully directed cross-sector coordination during the Caribbean hurricane season, saving lives. It led efforts to mobilise private sector resources for the Sudan crisis. It has also strengthened private sector support for humanitarian efforts in the Middle East. 

    PSHA is incubated at Schmidt Futures and operationalised under Rockefeller Philanthropy Advisors. It has signed Memoranda of Understanding with USAID, the US Department of State, and The United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA). Private sector partners include Google, BCG, Vodafone Foundation, Mastercard, Henry Schein International, Miyamoto International and Flexport. 

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  • MIL-OSI Asia-Pac: Ingrid Yeung attends Govt career fair

    Source: Hong Kong Information Services

    Secretary for the Civil Service Ingrid Yeung today attended a Government Career Fair at the Polytechnic University (PolyU) and called on those who aspire to serve the community to join the civil service.

    The fair was the first to have taken place at PolyU. Thirty government bureaus and departments, covering over 50 civil service grades, took part.

    Besides the general grades, professional grades and the disciplined services were included in the fair.

    In view of the courses offered by PolyU, Mrs Yeung outlined that the Government has arranged for officers from relevant departments to introduce their grades to students.

    She said the fair highlighted civil service job opportunities related to surveying and maritime studies and would give PolyU students who are studying these subjects a better understanding of the relevant grades.

    The Government has strengthened its recruitment efforts in recent years. Mrs Yeung stressed that a number of grades have seen a noticeable increase in the number of applicants.

    She highlighted that the number of candidates applying for Administrative Officer (AO), Executive Officer II (EOII) and other grades under the joint recruitment exercise in 2023-24 surged by nearly 40%, adding that this illustrated that job seekers view a career in the Government as attractive.

    The Government has launched a joint recruitment exercise for the appointment of four civil service grades, namely AO, EOII, Assistant Trade Officer II and Transport Officer II. Students graduating in 2025 or 2026 may also apply this year.

    Mrs Yeung reminded those interested in applying for four civil service graduate posts to submit their applications by 11.59pm on October 4.

    MIL OSI Asia Pacific News

  • MIL-OSI China: The MND: The Philippine Side Should Not Have Miscalculation and Should Stop Making Risky and Futile Provocations 2024-09-26 We will take firm countermeasures against any act that infringes China’s territorial sovereignty and maritime rights and interests. Actions that violate the Declaration on the Conduct of Parties in the South China Sea (DOC) and undermine regional peace and stability are unwelcomed.

    Source: People’s Republic of China – Ministry of National Defense 2

      Question: The Philippine Coast Guard (PCG) ship 9701 has withdrew from Xianbin Jiao and the PCG said it would send another ship to the reef and would not let it become a second Huangyan Dao. Philippine Defense Secretary said that if China removes the Philippine ship grounded at Ren’ai Jiao, it would be an act of war. What’s your comment?

      Zhang Xiaogang: The Philippine side recently pulled out PCG 9701 which had been illegally anchored in the lagoon of Xianbin Jiao. It is the only right way forward and is conducive to restoring peace and stability in relevant waters. China has indisputable sovereignty over Nansha Qundao and its adjacent waters, including Ren’ai Jiao and Xianbin Jiao. We will take firm countermeasures against any act that infringes China’s territorial sovereignty and maritime rights and interests. Actions that violate the Declaration on the Conduct of Parties in the South China Sea (DOC) and undermine regional peace and stability are unwelcomed. We urge the Philippine side not to have illusion and miscalculation and stop making any risky and futile provocations.

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  • MIL-OSI China: The MND: Mil-Mil Communications Between China and the U.S. Could Help Enhance Mutual Understanding and Manage Risks 2024-09-26 We require the US side to recalibrate its strategic perception on China, return to a sensible and practical China policy, and respect China’s major concerns.

    Source: People’s Republic of China – Ministry of National Defense 2

      Question: There are growing interaction between the Chinese and US militaries in recent time. The commanders of the PLA Southern Theatre Command and US Indo-PACOM had a video phone call. US Deputy Assistant Secretary of Defense for China attended the 11th Beijing Xiangshan Forum and the two sides had the 18th Defense Policy Coordination Talks. What’s your comment on the current China-US mil-mil relations and what interaction the two sides will have going forward?

      Zhang Xiaogang: President Xi Jinping and President Joe Biden had a successful meeting in San Francisco last November, and the two leaders talked on the phone this April. They have set the direction for a sound, stable and sustainable China-US relationship. At present, there is a stabler momentum in the overall and defense relations between China and the US. The two militaries maintain high-level strategic communication, policy communication, institutionalized dialogues and exchanges in specialized fields. These engagements could help enhance mutual understanding, avoid miscalculation, and manage and control risks.

      We require the US side to recalibrate its strategic perception on China, return to a sensible and practical China policy, and respect China’s major concerns. The US should make concerted efforts with China in the principle of mutual respect, peaceful coexistence and win-win cooperation to stabilize and improve the mil-mil relationship through candid, effective and constructive dialogues and cooperation.

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