Category: Politics

  • MIL-OSI New Zealand: Op-Ed – Everyone has a plan until they get punched in the face – OPED Conor English

    Opinion – by Conor English
     
    5 February 2025 – Everyone has a plan until they get punched in the face – Boxer Mike Tyson famously said, “Everyone has a plan until they get punched in the face”.  He was simply pointing out in his own unique direct way, that sometimes things don’t go the way you think. There can be unintended consequences. Your opponent can counter punch, so a “plan b” can be useful!
     
    The new USA government has a plan to use tariffs as a way of incentivising other countries to do things that are helpful to the USA. Things like curtail immigrants or drugs travelling over the border, or to shift their manufacturing jobs to America.  The President has described the word “tariffs” as “the most beautiful word in the dictionary” so its clear he likes the idea of using tariffs. It does have some logic. Maybe this plan will work?
     
    So, using emergency powers that enable quick action, rather than long winded trade negotiation processes, this plan is being implemented this week.  First up, 10% tariff on goods from China, and energy products from Canada. Tariffs will be set at 25% for most other goods from Canada and Mexico. If these countries change their drug, migration and manufacturing policies, the USA will look to review the tariff levels.  That’s the new deal.
     
    New Zealand had its own tariffs for many years as was fashionable. But now we seek fair trade, with no tariffs or quotas, or other non-tariff trade barriers in our trading relationships. It matters to us as a small trading country at the bottom of the world. Multilateral co-operation and enforcement frameworks such as the World Trade Organisation are vital.   
     
    America, like many countries, has a long history of using tariffs. An excellent example of how things can end up like a punch in the face, as Mike Tyson would put it, is the passing of what was known as the “Smoot Hawley” Tariff Act on June 17, 1930. This raised tariffs on over 20,000 imported goods, despite a petition signed by 1,028 economists asking President Hoover to veto the legislation. He didn’t. The theory was it would save jobs in America and protect local producers from international competition following the “Black Thursday” share market crash on October 24, 1929.
     
    But it didn’t make things better, it made things worse.
     
    Americas trading partners punched back. They didn’t do nothing. They retaliated, just as Canada and Mexico now have. The world economy and geopolitics has evolved significantly since the great depression and what happened then may not happen now. However, history can perhaps provide some small insight as to how this might play out.
     
    Wikipedia tells us that after the Smoot- Hawley passed – yes – USA imports did decrease by 66% from $4.4 billion  in 1929, to $1.5 billion in 1933. So that must be good for domestic jobs and industries? Well no, because other countries punched back with their own tariffs, as well as sourcing their own imports from other countries rather than America.
     
    As a result, USA exports also decreased 61% from $5.4 billion to $2.1 billion. GNP fell from $103.1 billion in 1929 to $75.8 billion in 1931, bottoming out at $55.6 billion in 1933, a drop of around 50% over four years. 
     
    So rather than create jobs, jobs were lost, and plenty of them. Unemployment was at 8% in 1930 when the Smoot–Hawley Tariff Act was passed, but the new law failed to lower it. The unemployment rate jumped to 16% in 1931, and 25% in 1932–33. The factories that produced those export goods couldn’t sell their products, so staff lost their jobs.
     
    Unemployment didn’t fall below early 1930s levels until the massive economic stimulus of World War 2.
     
    As with any economy, there is always more than just one thing happening, but at that time, that is what happened in the USA. So how does this current fast changing situation effect New Zealand?
     
    Unlike 100 years ago, we get impacted very quickly by the transmission of changes in our exchange rate, interest rates, commodity prices, share markets and trade flows. This then flows through our economy.
     
    For example, if inflation goes up in America because of the new tariffs, international interest rates may go up, thus reducing the speed of any reductions on our mortgage rates. Dairy commodity prices might rise, but so too might international oil prices, pushing up our fuel prices and inflation. Our dollar may fall, making it cheaper for tourists to visit, but the cost of servicing our increasing national debt more expensive.  Chinese built EVs may be more available and cheaper here as cars are diverted from the USA market.
     
    There will be all sorts of positive and negative impacts, unintended consequences and unforeseen outcomes. It could be overall positive or overall negative for both America and New Zealand, but we just don’t know. We do know though that it creates more uncertainty, and that’s not helpful to anyone.     
     
    So will it be a punch in the face, as Mike Tyson suggests, or a pat on the back?  Either way, we need to be fleet of foot and have a “Plan B”.
     
    Conor English is a Director of Silvereye – a Wellington based Government relations firm, a former exporter, CEO of Federated Farmers, and Independent Advisor to the Reserve Bank of New Zealand. 

    MIL OSI New Zealand News

  • MIL-OSI: Mercury Systems Reports Second Quarter Fiscal 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    • Q2 FY25 Bookings of $242.4 million; book-to-bill ratio of 1.09
    • Record backlog of $1.4 billion; up 6% year-over-year
    • Q2 FY25 Revenue of $223.1 million; GAAP net loss of $17.6 million; and adjusted EBITDA of $22.0 million
    • Record Operating Cash Flow of $85.5 million with Free Cash Flow of $81.9 million

    ANDOVER, Mass., Feb. 04, 2025 (GLOBE NEWSWIRE) — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), reported operating results for the second quarter of fiscal year 2025, ended December 27, 2024.

    “We delivered solid results in the second quarter of fiscal 2025 that were once again in line with or ahead of our expectations, and I’m optimistic about our ongoing efforts to improve performance as we move through the fiscal year,” said Bill Ballhaus, Mercury’s Chairman and CEO.

    “In the quarter we secured bookings of $242.4 million, for a trailing-twelve-month book-to-bill of 1.12; revenue of $223.1 million, up 13% year-over-year; adjusted EBITDA of $22.0 million and adjusted EBITDA margin of 9.9%, both up substantially year-over-year; and record free cash flow of $81.9 million, up $44.4 million year-over-year. These results reflect continued progress in each of our four priority areas, highlighted by solid execution across our broad portfolio of production and development programs, a record backlog of $1.4 billion, reduced operating expenses enabling increased positive operating leverage, and continued progress on free cash flow drivers, with net working capital down $114.9 million year-over-year.”

    Second Quarter Fiscal 2025 Results

    Total Company second quarter fiscal 2025 revenues were $223.1 million, compared to $197.5 million in the second quarter of fiscal 2024.

    Total bookings for the second quarter of fiscal 2025 were $242.4 million, yielding a book-to-bill ratio of 1.09 for the quarter.

    Total Company GAAP net loss and loss per share for the second quarter of fiscal 2025 were $17.6 million, and $0.30, respectively, compared to GAAP net loss and loss per share of $45.6 million, and $0.79, respectively, for the second quarter of fiscal 2024. Adjusted earnings (loss) per share (“adjusted EPS”) was $0.07 per share for the second quarter of fiscal 2025, compared to $(0.42) per share in the second quarter of fiscal 2024.

    Second quarter fiscal 2025 adjusted EBITDA for the total Company was $22.0 million, compared to $(21.3) million for the second quarter of fiscal 2024.

    Cash flows provided by operating activities in the second quarter of fiscal 2025 were $85.5 million, compared to $45.5 million in the second quarter of fiscal 2024. Free cash flow, defined as cash flows from operating activities less capital expenditures for property and equipment, was $81.9 million for the second quarter of fiscal 2025 and $37.5 million for the second quarter of fiscal 2024.

    Backlog

    Mercury’s total backlog at December 27, 2024 was $1.4 billion, an approximate $80.0 million increase from a year ago. Of the December 27, 2024 total backlog, $789.9 million represents orders expected to be recognized as revenue within the next 12 months.

    Conference Call Information

    Management will host a conference call and simultaneous webcast at 5:00 p.m. ET on Tuesday, February 4, 2025, to discuss Mercury’s quarterly financial results, business highlights and outlook. In addition, Company representatives may answer questions concerning business and financial developments and trends, the Company’s view on earnings forecasts, and other business and financial matters affecting the Company, the responses to which may contain information that has not been previously disclosed.

    To attend the conference call or webcast, participants should register online at ir.mrcy.com/events-presentations. Participants are requested to register a day in advance or at a minimum 15 minutes before the start of the call. A replay of the webcast will be available two hours after the call and archived on the same web page for six months.

    Use of Non-GAAP Financial Measures
    In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, the Company provides adjusted EBITDA, adjusted income, adjusted earnings per share (“adjusted EPS”) and free cash flow, which are non-GAAP financial measures. Adjusted EBITDA, adjusted income, and adjusted EPS exclude certain non-cash and other specified charges. The Company believes these non-GAAP financial measures are useful to help investors understand its past financial performance and prospects for the future. However, these non-GAAP measures should not be considered in isolation or as a substitute for financial information provided in accordance with GAAP. Management believes these non-GAAP measures assist in providing a more complete understanding of the Company’s underlying operational results and trends, and management uses these measures along with the corresponding GAAP financial measures to manage the Company’s business, to evaluate its performance compared to prior periods and the marketplace, and to establish operational goals. A reconciliation of GAAP to non-GAAP financial results discussed in this press release is contained in the attached exhibits.

    Mercury Systems – Innovation that Matters®
    Mercury Systems is a technology company that delivers mission-critical processing power to the edge, making advanced technologies profoundly more accessible for today’s most challenging aerospace and defense missions. The Mercury Processing Platform allows customers to tap into innovative capabilities from silicon to system scale, turning data into decisions on timelines that matter. Mercury’s products and solutions are deployed in more than 300 programs and across 35 countries, enabling a broad range of applications in mission computing, sensor processing, command and control, and communications. Mercury is headquartered in Andover, Massachusetts, and has 23 locations worldwide. To learn more, visit mrcy.com. (Nasdaq: MRCY)

    Investors and others should note that we announce material financial information using our website (www.mrcy.com), SEC filings, press releases, public conference calls, webcasts, and social media, including X (X.com/mrcy) and LinkedIn (www.linkedin.com/company/mercury-systems). Therefore, we encourage investors and others interested in Mercury to review the information we post on the social media and other communication channels listed on our website.

    Forward-Looking Safe Harbor Statement

    This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the Company’s focus on enhanced execution of the Company’s strategic plan under a refreshed Board and leadership team. You can identify these statements by the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” “potential,” and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs, the timing and amounts of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of any U.S. federal government shutdown or extended continuing resolution, effects of geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in or cost increases related to completing development, engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in, or in the U.S. government’s interpretation of, federal export control or procurement rules and regulations, including tariffs, changes in, or in the interpretation or enforcement of, environmental rules and regulations, market acceptance of the Company’s products, shortages in or delays in receiving components, supply chain delays or volatility for critical components, production delays or unanticipated expenses including due to quality issues or manufacturing execution issues, adherence to required manufacturing standards, capacity underutilization, increases in scrap or inventory write-offs, failure to achieve or maintain manufacturing quality certifications, such as AS9100, the impact of supply chain disruption, inflation and labor shortages, among other things, on program execution and the resulting effect on customer satisfaction, inability to fully realize the expected benefits from acquisitions, restructurings, and operational efficiency initiatives or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, effects of shareholder activism, increases in interest rates, changes to industrial security and cyber-security regulations and requirements and impacts from any cyber or insider threat events, changes in tax rates or tax regulations, such as the deductibility of internal research and development, changes to interest rate swaps or other cash flow hedging arrangements, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, litigation, including the dispute arising with the former CEO over his resignation, unanticipated costs under fixed-price service and system integration engagements, and various other factors beyond our control. These risks and uncertainties also include such additional risk factors as are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 28, 2024 and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.

    Contact:
    Tyler Hojo, CFA, Vice President of Investor Relations
    Mercury Systems, Inc.
    978-967-3676

    Mercury Systems and Innovation That Matters are registered trademarks of Mercury Systems, Inc. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.

    MERCURY SYSTEMS, INC.  
    UNAUDITED CONSOLIDATED BALANCE SHEETS  
    (In thousands)      
      December 27,   June 28,
        2024       2024  
           
    Assets      
    Current assets:      
    Cash and cash equivalents $ 242,565     $ 180,521  
    Accounts receivable, net   104,491       111,441  
    Unbilled receivables and costs in excess of billings, net   278,657       304,029  
    Inventory   344,415       335,300  
    Prepaid expenses and other current assets   20,556       22,493  
    Total current assets   990,684       953,784  
           
    Property and equipment, net   111,459       110,353  
    Goodwill   938,093       938,093  
    Intangible assets, net   226,142       250,512  
    Operating lease right-of-use assets, net   56,525       60,860  
    Deferred tax asset   71,712       58,612  
    Other non-current assets   6,840       6,691  
    Total assets $ 2,401,455     $ 2,378,905  
           
    Liabilities and Shareholders’ Equity      
    Current liabilities:      
    Accounts payable $ 64,778     $ 81,068  
    Accrued expenses   40,471       42,926  
    Accrued compensation   32,015       36,398  
    Income taxes payable   306       109  
    Deferred revenues and customer advances   135,963       73,915  
    Total current liabilities   273,533       234,416  
           
    Income taxes payable   7,713       7,713  
    Long-term debt   591,500       591,500  
    Operating lease liabilities   57,805       62,584  
    Other non-current liabilities   10,628       9,917  
    Total liabilities   941,179       906,130  
           
    Shareholders’ equity:      
    Preferred stock          
    Common stock   587       581  
    Additional paid-in capital   1,266,926       1,242,402  
    Retained earnings   184,695       219,799  
    Accumulated other comprehensive income   8,068       9,993  
    Total shareholders’ equity   1,460,276       1,472,775  
    Total liabilities and shareholders’ equity $ 2,401,455     $ 2,378,905  
    MERCURY SYSTEMS, INC.
    UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS        
    (In thousands, except per share data)
      Second Quarters Ended   Six Months Ended
      December 27, 2024   December 29, 2023   December 27, 2024   December 29, 2023
    Net revenues $ 223,125     $ 197,463     $ 427,556     $ 378,454  
    Cost of revenues(1)   162,299       165,943       314,940       296,407  
    Gross margin   60,826       31,520       112,616       82,047  
                   
    Operating expenses:              
    Selling, general and administrative(1)   40,501       44,470       73,654       80,264  
    Research and development(1)   21,368       28,476       39,751       60,348  
    Amortization of intangible assets   11,154       12,270       22,389       24,817  
    Restructuring and other charges   40       2       2,300       9,548  
    Acquisition costs and other related expenses   178       231       355       1,200  
    Total operating expenses   73,241       85,449       138,449       176,177  
                   
    Loss from operations   (12,415 )     (53,929 )     (25,833 )     (94,130 )
                   
    Interest income   406       29       950       132  
    Interest expense   (8,430 )     (8,674 )     (17,336 )     (16,537 )
    Other expense, net   (3,865 )     (1,148 )     (5,204 )     (2,922 )
                   
    Loss before income tax benefit   (24,304 )     (63,722 )     (47,423 )     (113,457 )
    Income tax benefit   (6,725 )     (18,141 )     (12,319 )     (31,168 )
    Net loss $ (17,579 )   $ (45,581 )   $ (35,104 )   $ (82,289 )
                   
    Basic net loss per share $ (0.30 )   $ (0.79 )   $ (0.60 )   $ (1.44 )
                   
    Diluted net loss per share $ (0.30 )   $ (0.79 )   $ (0.60 )   $ (1.44 )
                   
    Weighted-average shares outstanding:              
    Basic   58,561       57,424       58,454       57,314  
    Diluted   58,561       57,424       58,454       57,314  
                   
    (1) Includes stock-based compensation expense, allocated as follows:
    Cost of revenues $ (167 )   $ 4     $ (54 )   $ 820  
    Selling, general and administrative $ 6,317     $ 5,742     $ 10,928     $ 7,503  
    Research and development $ 1,812     $ 1,640     $ 3,180     $ 3,180  
    MERCURY SYSTEMS, INC.
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (In thousands)
      Second Quarters Ended   Six Months Ended
      December 27, 2024   December 29, 2023   December 27, 2024   December 29, 2023
    Cash flows from operating activities:              
    Net loss $ (17,579 )   $ (45,581 )   $ (35,104 )   $ (82,289 )
    Depreciation and amortization   20,922       22,193       42,142       44,885  
    Other non-cash items, net   5,083       1,640       10,685       (2,011 )
    Cash settlement for termination of interest rate swap                     7,403  
    Changes in operating assets and liabilities   77,036       67,242       53,079       38,438  
                   
    Net cash provided by operating activities   85,462       45,494       70,802       6,426  
                   
    Cash flows from investing activities:              
    Purchases of property and equipment $ (3,555 )   $ (7,990 )   $ (9,791 )   $ (16,005 )
    Other investing activities   1,900             1,900        
                   
    Net cash used in investing activities   (1,655 )     (7,990 )     (7,891 )     (16,005 )
                   
    Cash flows from financing activities:              
    Proceeds from employee stock plans   1,492       3,163       1,492       3,163  
    Borrowings under credit facilities         40,000             105,000  
    Payments of deferred financing and offering costs         (1,931 )     (2,249 )     (1,931 )
    Payments for retirement of common stock         (15 )           (15 )
                   
    Net cash provided by (used in) financing activities   1,492       41,217       (757 )     106,217  
                   
    Effect of exchange rate changes on cash and cash equivalents   (857 )     556       (110 )     445  
                   
    Net increase in cash and cash equivalents   84,442       79,277       62,044       97,083  
                   
    Cash and cash equivalents at beginning of period   158,123       89,369       180,521       71,563  
                   
    Cash and cash equivalents at end of period $ 242,565     $ 168,646     $ 242,565     $ 168,646  
    UNAUDITED SUPPLEMENTAL INFORMATION RECONCILIATION OF GAAP TO NON-GAAP MEASURES
    (In thousands)            
                 

    Adjusted EBITDA, a non-GAAP measure for reporting financial performance, excludes the impact of certain items and, therefore, has not been calculated in accordance with GAAP. Management believes that exclusion of these items assists in providing a more complete understanding of the Company’s underlying results and trends, and management uses these measures along with the corresponding GAAP financial measures to manage the Company’s business, to evaluate its performance compared to prior periods and the marketplace, and to establish operational goals. The adjustments to calculate this non-GAAP financial measure, and the basis for such adjustments, are outlined below:

    Other non-operating adjustments. The Company records other non-operating adjustments such as gains or losses on foreign currency remeasurement, investments and fixed asset sales or disposals among other adjustments. These adjustments may vary from period to period without any direct correlation to underlying operating performance.

    Interest income and expense. The Company receives interest income on investments and incurs interest expense on loans, financing leases and other financing arrangements. These amounts may vary from period to period due to changes in cash and debt balances and interest rates driven by general market conditions or other circumstances which may be outside of the normal course of the Company’s operations.

    Income taxes. The Company’s GAAP tax expense can fluctuate materially from period to period due to tax adjustments that are not directly related to underlying operating performance or to the current period of operations.

    Depreciation. The Company incurs depreciation expense related to capital assets purchased to support the ongoing operations of the business. These assets are recorded at cost or fair value and are depreciated using the straight-line method over the useful life of the asset. Purchases of such assets may vary significantly from period to period and without any direct correlation to underlying operating performance.

    Amortization of intangible assets. The Company incurs amortization of intangible assets primarily as a result of acquired intangible assets such as backlog, customer relationships and completed technologies but also due to licenses, patents and other arrangements. These intangible assets are valued at the time of acquisition or upon receipt of right to use the asset, amortized over the requisite life and generally cannot be changed or influenced by management after acquisition.

    Restructuring and other charges. The Company incurs restructuring and other charges in connection with management’s decisions to undertake certain actions to realign operating expenses through workforce reductions and the closure of certain Company facilities, businesses and product lines. The Company’s adjustments reflected in restructuring and other charges are typically related to acquisitions and organizational redesign programs initiated as part of discrete post-acquisition integration activities. Management believes these items are non-routine and may not be indicative of ongoing operating results.

    Impairment of long-lived assets. The Company incurs impairment charges of long-lived assets based on events that may or may not be within the control of management. Management believes these items are outside the normal operations of the Company’s business and are not indicative of ongoing operating results.

    Acquisition, financing and other third party costs. The Company incurs transaction costs related to acquisition and potential acquisition opportunities, such as legal, accounting, and other third party advisory fees. The Company may also incur third party costs, such as legal, banking, communications, proxy solicitation, and other third party advisory fees in connection with engagements by activist investors or unsolicited acquisition offers. Although the Company may incur such third party costs and other related charges and adjustments, it is not indicative that any transaction will be consummated. Additionally, the Company incurs unused revolver and bank fees associated with maintaining its credit facility as well as non-cash financing expenses associated with obtaining its credit facility. Management believes these items are outside the normal operations of the Company’s business and are not indicative of ongoing operating results.

    Fair value adjustments from purchase accounting. As a result of applying purchase accounting rules to acquired assets and liabilities, certain fair value adjustments are recorded in the opening balance sheet of acquired companies. These adjustments are then reflected in the Company’s income statements in periods subsequent to the acquisition. In addition, the impact of any changes to originally recorded contingent consideration amounts are reflected in the income statements in the period of the change. Management believes these items are outside the normal operations of the Company and are not indicative of ongoing operating results.

    Litigation and settlement income and expense. The Company periodically receives income and incurs expenses related to pending claims and litigation and associated legal fees and potential case settlements and/or judgments. Although the Company may incur such costs and other related charges and adjustments, it is not indicative of any particular outcome until the matter is fully resolved. Management believes these items are outside the normal operations of the Company’s business, often occur in periods other than the period of activity, and are not indicative of ongoing operating results. The Company periodically receives warranty claims from customers and makes warranty claims towards its vendors and supply chain. Management believes the expenses and gains associated with these recurring warranty items are within the normal operations and operating cycle of the Company’s business. Therefore, management deems no adjustments are necessary unless under extraordinary circumstances.

    Stock-based and other non-cash compensation expense. The Company incurs expense related to stock-based compensation included in its GAAP presentation of cost of revenues, selling, general and administrative expense and research and development expense. The Company also incurs non-cash based compensation in the form of pension related expenses and matching contributions to its defined contribution plan. Although stock-based and other non-cash compensation is an expense of the Company and viewed as a form of compensation, these expenses vary in amount from period to period, and are affected by market forces that are difficult to predict and are not within the control of management, such as the market price and volatility of the Company’s shares, risk-free interest rates and the expected term and forfeiture rates of the awards, as well as pension actuarial assumptions. Management believes that exclusion of these expenses allows comparisons of operating results to those of other companies, both public, private or foreign, that disclose non-GAAP financial measures that exclude stock-based compensation and other non-cash compensation.

    Mercury uses adjusted EBITDA as an important indicator of the operating performance of its business. Management excludes the above-described items from its internal forecasts and models when establishing internal operating budgets, supplementing the financial results and forecasts reported to the Company’s board of directors, determining a portion of bonus compensation for executive officers and other key employees based on operating performance, evaluating short-term and long-term operating trends in the Company’s operations, and allocating resources to various initiatives and operational requirements. The Company believes that adjusted EBITDA permits a comparative assessment of its operating performance, relative to its performance based on its GAAP results, while isolating the effects of charges that may vary from period to period without direct correlation to underlying operating performance. The Company believes that these non-GAAP financial adjustments are useful to investors because they allow investors to evaluate the effectiveness of the methodology and information used by management in its financial and operational decision-making. The Company believes that trends in its adjusted EBITDA are valuable indicators of its operating performance.

    Adjusted EBITDA is a non-GAAP financial measure and should not be considered in isolation or as a substitute for financial information provided in accordance with GAAP. This non-GAAP financial measure may not be computed in the same manner as similarly titled measures used by other companies. The Company expects to continue to incur expenses similar to the adjusted EBITDA financial adjustments described above, and investors should not infer from the Company’s presentation of this non-GAAP financial measure that these costs are unusual, infrequent or non-recurring.

    The following table reconciles the most directly comparable GAAP financial measure to the non-GAAP financial measure.

      Second Quarters Ended   Six Months Ended
      December 27, 2024   December 29, 2023   December 27, 2024   December 29, 2023
    Net loss $ (17,579 )   $ (45,581 )   $ (35,104 )   $ (82,289 )
    Other non-operating adjustments, net   2,549       (1,042 )     814       (311 )
    Interest expense, net   8,024       8,645       16,386       16,405  
    Income tax benefit   (6,725 )     (18,141 )     (12,319 )     (31,168 )
    Depreciation   9,768       9,923       19,753       20,068  
    Amortization of intangible assets   11,154       12,270       22,389       24,817  
    Restructuring and other charges   40       2       2,300       9,548  
    Impairment of long-lived assets                      
    Acquisition, financing and other third party costs   1,109       860       3,440       2,192  
    Fair value adjustments from purchase accounting   178       178       355       355  
    Litigation and settlement expense, net   2,087       1,383       3,481       1,886  
    Stock-based and other non-cash compensation expense   11,424       10,195       21,984       19,146  
    Adjusted EBITDA $ 22,029     $ (21,308 )   $ 43,479     $ (19,351 )
     

    Free cash flow, a non-GAAP measure for reporting cash flow, is defined as cash provided by operating activities less capital expenditures for property and equipment, which includes capitalized software development costs, and, therefore, has not been calculated in accordance with GAAP. Management believes free cash flow provides investors with an important perspective on cash available for investment and acquisitions after making capital investments required to support ongoing business operations and long-term value creation. The Company believes that trends in its free cash flow are valuable indicators of its operating performance and liquidity.

    Free cash flow is a non-GAAP financial measure and should not be considered in isolation or as a substitute for financial information provided in accordance with GAAP. This non-GAAP financial measure may not be computed in the same manner as similarly titled measures used by other companies. The Company expects to continue to incur expenditures similar to the free cash flow financial adjustment described above, and investors should not infer from the Company’s presentation of this non-GAAP financial measure that these expenditures reflect all of the Company’s obligations which require cash.

    The following table reconciles the most directly comparable GAAP financial measure to the non-GAAP financial measure.

      Second Quarters Ended   Six Months Ended
      December 27, 2024   December 29, 2023   December 27, 2024   December 29, 2023
    Net cash provided by operating activities $ 85,462     $ 45,494     $ 70,802     $ 6,426  
    Purchases of property and equipment   (3,555 )     (7,990 )     (9,791 )     (16,005 )
    Free cash flow $ 81,907     $ 37,504     $ 61,011     $ (9,579 )
    UNAUDITED SUPPLEMENTAL INFORMATION RECONCILIATION OF GAAP TO NON-GAAP MEASURES
    (In thousands, except per share data)
     

    Adjusted income and adjusted earnings per share (“adjusted EPS”) are non-GAAP measures for reporting financial performance, exclude the impact of certain items and, therefore, have not been calculated in accordance with GAAP. Management believes that exclusion of these items assists in providing a more complete understanding of the Company’s underlying results and trends and allows for comparability with its peer company index and industry. These non-GAAP financial measures may not be computed in the same manner as similarly titled measures used by other companies. The Company uses these measures along with the corresponding GAAP financial measures to manage the Company’s business and to evaluate its performance compared to prior periods and the marketplace. The Company defines adjusted income as income before other non-operating adjustments, amortization of intangible assets, restructuring and other charges, impairment of long-lived assets, acquisition, financing and other third party costs, fair value adjustments from purchase accounting, litigation and settlement income and expense, and stock-based and other non-cash compensation expense. The impact to income taxes includes the impact to the effective tax rate, current tax provision and deferred tax provision(1). Adjusted EPS expresses adjusted income on a per share basis using weighted average diluted shares outstanding.

    The following tables reconcile the most directly comparable GAAP financial measures to the non-GAAP financial measures.

      Second Quarters Ended
      December 27, 2024   December 29, 2023
    Net loss and loss per share $ (17,579 )   $ (0.30 )   $ (45,581 )   $ (0.79 )
    Other non-operating adjustments, net   2,549           (1,042 )    
    Amortization of intangible assets   11,154           12,270      
    Restructuring and other charges   40           2      
    Impairment of long-lived assets                  
    Acquisition, financing and other third party costs   1,109           860      
    Fair value adjustments from purchase accounting   178           178      
    Litigation and settlement expense, net   2,087           1,383      
    Stock-based and other non-cash compensation expense   11,424           10,195      
    Impact to income taxes(1)   (7,022 )         (2,446 )    
    Adjusted income (loss) and adjusted earnings (loss) per share(2) $ 3,940     $ 0.07     $ (24,181 )   $ (0.42 )
                   
    Diluted weighted-average shares outstanding       58,843           57,424  
                   
    (1) Impact to income taxes is calculated by recasting income before income taxes to include the items involved in determining adjusted income and recalculating the income tax provision using this adjusted income from operations before income taxes. The recalculation also adjusts for any discrete tax expense or benefit related to the items.
    (2) Adjusted earnings per share is calculated using diluted shares whereas Net loss per share or Adjusted loss per share is calculated using basic shares. There were no impact to the calculation of adjusted earnings per share as a result of this for the second quarters ended December 27, 2024 and December 29, 2023.
      Six Months Ended
      December 27, 2024   December 29, 2023
    Net loss and loss per share $ (35,104 )   $ (0.60 )   $ (82,289 )   $ (1.44 )
    Other non-operating adjustments, net   814           (311 )    
    Amortization of intangible assets   22,389           24,817      
    Restructuring and other charges   2,300           9,548      
    Impairment of long-lived assets                  
    Acquisition, financing and other third party costs   3,440           2,192      
    Fair value adjustments from purchase accounting   355           355      
    Litigation and settlement expense, net   3,481           1,886      
    COVID related expenses                  
    Stock-based and other non-cash compensation expense   21,984           19,146      
    Impact to income taxes(1)   (13,275 )         (13,204 )    
    Adjusted income (loss) and adjusted earnings (loss) per share(2) $ 6,384     $ 0.11     $ (37,860 )   $ (0.66 )
                   
    Diluted weighted-average shares outstanding       58,752           57,314  
                   
    (1) Impact to income taxes is calculated by recasting income before income taxes to include the items involved in determining adjusted income and recalculating the income tax provision using this adjusted income from operations before income taxes. The recalculation also adjusts for any discrete tax expense or benefit related to the items.
    (2) Adjusted earnings per share is calculated using diluted shares whereas Net loss per share is calculated using basic shares. There were no impact to the calculation of adjusted earnings per share as a result of this for the six months ended December 27, 2024 and December 29, 2023.

    The MIL Network

  • MIL-OSI: Enphase Energy Reports Financial Results for the Fourth Quarter of 2024

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., Feb. 04, 2025 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, announced today financial results for the fourth quarter of 2024, which included the summary below from its President and CEO, Badri Kothandaraman.

    We reported quarterly revenue of $382.7 million in the fourth quarter of 2024, along with 53.2% for non-GAAP gross margin. We shipped approximately 2.01 million microinverters, or 878.0 megawatts DC, and 152.4 megawatt hours of IQ® Batteries.

    Financial highlights for the fourth quarter of 2024 are listed below:

    • Strong U.S. manufacturing: shipped 1.69 million microinverters and 6.7 megawatt hours of IQ Batteries
    • Quarterly revenue of $382.7 million
    • GAAP gross margin of 51.8%; non-GAAP gross margin of 53.2% with net IRA benefit
    • Non-GAAP gross margin of 39.7%, excluding net IRA benefit of 13.5%
    • GAAP operating income of $54.8 million; non-GAAP operating income of $120.4 million
    • GAAP net income of $62.2 million; non-GAAP net income of $125.9 million
    • GAAP diluted earnings per share of $0.45; non-GAAP diluted earnings per share of $0.94
    • Free cash flow of $159.2 million; ending cash, cash equivalents, restricted cash and marketable securities of $1.72 billion

    Our revenue and earnings for the fourth quarter of 2024 are provided below, compared with the prior quarter:

    (In thousands, except per share and percentage data)

      GAAP   Non-GAAP
      Q4 2024   Q3 2024   Q4 2023   Q4 2024   Q3 2024   Q4 2023
    Revenue $ 382,713     $ 380,873     $ 302,570     $ 382,713     $ 380,873     $ 302,570  
    Gross margin   51.8 %     46.8 %     48.5 %     53.2 %     48.1 %     50.3 %
    Operating expenses $ 143,489     $ 128,383     $ 156,893     $ 83,322     $ 81,612     $ 86,551  
    Operating income (loss) $ 54,804     $ 49,788     $ (10,231 )   $ 120,434     $ 101,411     $ 65,587  
    Net income $ 62,160     $ 45,762     $ 20,919     $ 125,862     $ 88,402     $ 73,474  
    Basic EPS $ 0.46     $ 0.34     $ 0.15     $ 0.94     $ 0.65     $ 0.54  
    Diluted EPS $ 0.45     $ 0.33     $ 0.15     $ 0.94     $ 0.65     $ 0.54  
                                                   

    Our revenue and earnings for the fiscal year 2024 are provided below, compared with the prior year:

    (In thousands, except per share and percentage data)

      GAAP   Non-GAAP
      FY 2024   FY 2023   FY 2024   FY 2023
    Revenue $ 1,330,383     $ 2,290,786     $ 1,330,383     $ 2,290,786  
    Gross margin   47.3 %     46.2 %     48.9 %     47.1 %
    Operating expenses $ 551,846     $ 612,647     $ 329,227     $ 382,115  
    Operating income $ 77,292     $ 445,741     $ 321,919     $ 697,210  
    Net income $ 102,658     $ 438,936     $ 321,044     $ 613,241  
    Basic EPS $ 0.76     $ 3.22     $ 2.37     $ 4.50  
    Diluted EPS $ 0.75     $ 3.08     $ 2.37     $ 4.41  
                                   

    Total revenue for the fourth quarter of 2024 was $382.7 million, compared to $380.9 million in the third quarter of 2024. Our revenue in the United States for the fourth quarter of 2024 increased approximately 6%, compared to the third quarter. The increase in revenue was due to higher microinverter sales. Our revenue in Europe decreased approximately 25% for the fourth quarter of 2024, compared to the third quarter. The decline in revenue was the result of a further softening in European demand.

    Our non-GAAP gross margin was 53.2% in the fourth quarter of 2024, compared to 48.1% in the third quarter. Our non-GAAP gross margin, excluding net IRA benefit, was 39.7% in the fourth quarter of 2024, compared to 38.9% in the third quarter.

    Our non-GAAP operating expenses were $83.3 million in the fourth quarter of 2024, compared to $81.6 million in the third quarter. The increase was driven by higher R&D expense on new products. Our non-GAAP operating income was $120.4 million in the fourth quarter of 2024, compared to $101.4 million in the third quarter.

    We exited the fourth quarter of 2024 with $1.72 billion in cash, cash equivalents, restricted cash and marketable securities and generated $167.3 million in cash flow from operations in the fourth quarter. Our capital expenditures were $8.1 million in the fourth quarter of 2024, compared to $8.5 million in the third quarter of 2024.

    In the fourth quarter of 2024, we repurchased 2,883,438 shares of our common stock at an average price of $69.25 per share for a total of approximately $199.7 million. We also spent approximately $5.0 million by withholding shares to cover taxes for employee stock vesting that reduced the diluted shares by 68,532 shares.

    We shipped 152.4 megawatt hours of IQ Batteries in the fourth quarter of 2024, compared to 172.9 megawatt hours in the third quarter. More than 10,300 installers worldwide are certified to install our IQ Batteries, compared to more than 9,000 installers worldwide in the third quarter of 2024.

    During the fourth quarter of 2024, we shipped approximately 1.69 million microinverters from our contract manufacturing facilities in the United States that we booked for 45X production tax credits. We also expanded our higher domestic content product offerings, and shipped our IQ8HC™ Microinverters, IQ8X™ Microinverters, IQ8P-3P™ Commercial Microinverters, and IQ® Battery 5Ps, all with higher domestic content than previous models and produced at our contract manufacturing facilities in the United States.

    During the fourth quarter of 2024, we made great strides with the IQ® Meter Collar, fourth-generation IQ Battery, and new IQ® Combiner products. We launched the IQ® PowerPack 1500, a 1.5 kWh smart, portable energy system for home, work, and on-the-go use. In Europe, we introduced the IQ® EV Charger 2, a next-generation smart charger that integrates with our solar and battery systems seamlessly or works as a standalone. In January 2025, we began shipping the IQ® Battery 5P™ with FlexPhase to Germany, Austria, and Switzerland, delivering reliable backup power for both single- and three-phase installations.

    BUSINESS HIGHLIGHTS

    On Jan. 30, 2025, Enphase Energy announced that it is expanding in Southeast Asia by entering the solar markets in Vietnam and Malaysia with IQ8P™ Microinverters.

    On Jan. 27, 2025, Enphase Energy announced integration with Octopus Energy’s smart tariffs in the UK, such as “Intelligent Octopus Flux” (IO Flux), which can help customers save money on electricity bills.

    On Jan. 23, 2025, Enphase Energy announced that its IQ8™ Microinverters for residential and commercial applications, are now in compliance with the Build America, Buy America (BABA) Act.

    On Jan. 13, 2025, Enphase Energy announced shipments of its most powerful and versatile battery yet, the IQ Battery 5P with FlexPhase, for customers in Germany, Austria, and Switzerland. With reliable backup power and support for single- and three-phase systems, it offers unmatched flexibility for home energy needs.

    On Jan. 9, 2025, Enphase Energy announced that it is expanding into Latin America with IQ8P Microinverters, bringing solar solutions to Colombia, Panama, and Costa Rica for residential and commercial use. 

    On Jan. 7, 2025, Enphase Energy announced that IQ8 Microinverters were selected for a 2.2 MW solar project at the Belgoprocess radioactive waste facility in Dessel, Belgium. 

    On Dec. 17, 2024, Enphase Energy announced initial shipments of its most powerful home battery to-date, the IQ Battery 5P, for customers in India. 

    On Dec. 5 and Dec. 9, 2024, Enphase Energy announced collaborations with two energy providers in the Netherlands, Frank Energie and NextEnergy, to enable participation in the grid imbalance energy marketplace.

    On Dec. 3, 2024, Enphase Energy announced the launch of Busbar Power Control software that empowers homeowners to install larger solar and battery systems without costly main electrical panel upgrades.

    On Nov. 11, 2024, Enphase Energy announced an AI-powered do-it-yourself (DIY) permitting feature on Solargraf®, to automate the complex solar permitting process for installers in the USA.

    On Nov. 4, 2024, Enphase Energy announced the launch of its most powerful Enphase Energy System to-date, featuring the IQ Battery 5P and IQ8 Microinverters, for customers in Romania.

    FIRST QUARTER 2025 FINANCIAL OUTLOOK

    For the first quarter of 2025, Enphase Energy estimates both GAAP and non-GAAP financial results as follows:

    • Revenue to be within a range of $340.0 million to $380.0 million, which includes shipments of 150 to 170 megawatt hours of IQ Batteries. The first quarter of 2025 financial outlook includes approximately $50.0 million of safe harbor revenue. We define safe harbor revenue as any sales made to customers who plan to install the inventory over more than one year.
    • GAAP gross margin to be within a range of 46.0% to 49.0% with net IRA benefit
    • Non-GAAP gross margin to be within a range of 48.0% to 51.0% with net IRA benefit and 38.0% to 41.0% excluding net IRA benefit. Non-GAAP gross margin excludes stock-based compensation expense and acquisition related amortization
    • Net IRA benefit to be within a range of $36.0 million to $39.0 million based on estimated shipments of 1,200,000 units of U.S. manufactured microinverters
    • GAAP operating expenses to be within a range of $143.0 million to $147.0 million
    • Non-GAAP operating expenses to be within a range of $81.0 million to $85.0 million, excluding $62.0 million estimated for stock-based compensation expense, acquisition related expenses and amortization, restructuring and asset impairment charges

    For 2025, GAAP and non-GAAP annualized effective tax rate with IRA benefit, excluding discrete items, is expected to be within a range of 17.0% to 19.0%.

    Follow Enphase Online

    Use of non-GAAP Financial Measures

    Enphase Energy has presented certain non-GAAP financial measures in this press release. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that either exclude or include amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles in the United States (GAAP). Reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure can be found in the accompanying tables to this press release. Non-GAAP financial measures presented by Enphase Energy include non-GAAP gross profit, gross margin, operating expenses, income from operations, net income, net income per share (basic and diluted), net IRA benefit, and free cash flow.

    These non-GAAP financial measures do not reflect a comprehensive system of accounting, differ from GAAP measures with the same captions and may differ from non-GAAP financial measures with the same or similar captions that are used by other companies. In addition, these non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Enphase Energy’s results of operations as determined in accordance with GAAP. As such, these non-GAAP measures should be considered as a supplement to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. Enphase Energy uses these non-GAAP financial measures to analyze its operating performance and future prospects, develop internal budgets and financial goals, and to facilitate period-to-period comparisons. Enphase Energy believes that these non-GAAP financial measures reflect an additional way of viewing aspects of its operations that, when viewed with its GAAP results, provide a more complete understanding of factors and trends affecting its business.

    As presented in the “Reconciliation of Non-GAAP Financial Measures” tables below, each of the non-GAAP financial measures excludes one or more of the following items for purposes of calculating non-GAAP financial measures to facilitate an evaluation of Enphase Energy’s current operating performance and a comparison to its past operating performance:

    Stock-based compensation expense. Enphase Energy excludes stock-based compensation expense from its non-GAAP measures primarily because they are non-cash in nature. Moreover, the impact of this expense is significantly affected by Enphase Energy’s stock price at the time of an award over which management has limited to no control.

    Acquisition related expenses and amortization. This item represents expenses incurred related to Enphase Energy’s business acquisitions, which are non-recurring in nature, and amortization of acquired intangible assets, which is a non-cash expense. Acquisition related expenses and amortization of acquired intangible assets are not reflective of Enphase Energy’s ongoing financial performance.

    Restructuring and asset impairment charges. Enphase Energy excludes restructuring and asset impairment charges due to the nature of the expenses being unusual and arising outside the ordinary course of continuing operations. These costs primarily consist of fees paid for cash-based severance costs, accelerated stock-based compensation expense and asset write-downs of property and equipment and acquired intangible assets, and other contract termination costs resulting from restructuring initiatives.

    Non-cash interest expense. This item consists primarily of amortization of debt issuance costs and accretion of debt discount because these expenses do not represent a cash outflow for Enphase Energy except in the period the financing was secured and such amortization expense is not reflective of Enphase Energy’s ongoing financial performance.

    Non-GAAP income tax adjustment. This item represents the amount adjusted to Enphase Energy’s GAAP tax provision or benefit to exclude the income tax effects of GAAP adjustments such as stock-based compensation, amortization of purchased intangibles, and other non-recurring items that are not reflective of Enphase Energy ongoing financial performance.

    Non-GAAP net income per share, diluted. Enphase Energy excludes the dilutive effect of in-the-money portion of convertible senior notes as they are covered by convertible note hedge transactions that reduce potential dilution to our common stock upon conversion of the Notes due 2025, Notes due 2026, and Notes due 2028, and includes the dilutive effect of employee’s stock-based awards and the dilutive effect of warrants. Enphase Energy believes these adjustments provide useful supplemental information to the ongoing financial performance.

    Net IRA benefit. This item represents the advanced manufacturing production tax credit (AMPTC) from the IRA for manufacturing microinverters in the United States, partially offset by the incremental manufacturing cost incurred in the United States relative to manufacturing in Mexico, India, and China. The AMPTC is accounted for by Enphase Energy as an income-based government grants that reduces cost of revenues in the condensed consolidated statements of operations.

    Free cash flow. This item represents net cash flows from operating activities less purchases of property and equipment.

    Conference Call Information

    Enphase Energy will host a conference call for analysts and investors to discuss its fourth quarter 2024 results and first quarter 2025 business outlook today at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time). The call is open to the public by dialing (833) 634-5018. A live webcast of the conference call will also be accessible from the “Investor Relations” section of Enphase Energy’s website at https://investor.enphase.com. Following the webcast, an archived version will be available on the website for approximately one year. In addition, an audio replay of the conference call will be available by calling (877) 344-7529; replay access code 3831590, beginning approximately one hour after the call.

    Forward-Looking Statements

    This press release contains forward-looking statements, including statements related to Enphase Energy’s expectations as to its first quarter of 2025 financial outlook, including revenue, shipments of IQ Batteries by megawatt hours, gross margin with net IRA benefit and excluding net IRA benefit, estimated shipments of U.S. manufactured microinverters, operating expenses, and annualized effective tax rate with IRA benefit; its expectations regarding the expected net IRA benefit; its expectations on the timing and introduction of new products and updates to existing products, including the IQ Meter Collar, fourth-generation IQ Battery, and new IQ Combiner products; its expectations regarding higher domestic content product offerings; and the capabilities, advantages, features, and performance of its technology and products. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Enphase Energy’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of certain risks and uncertainties including those risks described in more detail in its most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and other documents on file with the SEC from time to time and available on the SEC’s website at www.sec.gov. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.

    A copy of this press release can be found on the investor relations page of Enphase Energy’s website at https://investor.enphase.com.

    About Enphase Energy, Inc.

    Enphase Energy, a global energy technology company based in Fremont, CA, is the world’s leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power—and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 80.0 million microinverters, and approximately 4.7 million Enphase-based systems have been deployed in more than 160 countries. For more information, visit https://enphase.com/.

    ©2025 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the “e” logo, IQ, IQ8, and certain other marks listed at https://enphase.com/trademark-usage-guidelines   are trademarks or service marks of Enphase Energy, Inc. Other names are for informational purposes and may be trademarks of their respective owners.

    Contact:

    Zach Freedman
    Enphase Energy, Inc.
    Investor Relations
    ir@enphaseenergy.com

    ENPHASE ENERGY, INC.
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
    (In thousands, except per share data)
    (Unaudited)
     
      Three Months Ended Year Ended
      December 31, 
    2024
      September 30, 
    2024
      December 31, 
    2023
      December 31, 
    2024
      December 31, 
    2023
    Net revenues $ 382,713     $ 380,873     $ 302,570     $ 1,330,383     $ 2,290,786  
    Cost of revenues   184,420       202,702       155,908       701,245       1,232,398  
    Gross profit   198,293       178,171       146,662       629,138       1,058,388  
    Operating expenses:                  
    Research and development   50,390       47,843       55,291       201,315       227,336  
    Sales and marketing   51,799       49,671       53,409       206,552       231,792  
    General and administrative   31,901       30,192       33,379       130,825       137,835  
    Restructuring and asset impairment charges   9,399       677       14,814       13,154       15,684  
    Total operating expenses   143,489       128,383       156,893       551,846       612,647  
    Income (loss) from operations   54,804       49,788       (10,231 )     77,292       445,741  
    Other income, net                  
    Interest income   18,417       19,977       20,493       77,306       69,728  
    Interest expense   (2,252 )     (2,237 )     (2,268 )     (8,905 )     (8,839 )
    Other income (expense), net   (1,270 )     (16,785 )     4,233       (25,534 )     6,509  
    Total other income, net   14,895       955       22,458       42,867       67,398  
    Income before income taxes   69,699       50,743       12,227       120,159       513,139  
    Income tax (provision) benefit   (7,539 )     (4,981 )     8,692       (17,501 )     (74,203 )
    Net income $ 62,160     $ 45,762     $ 20,919     $ 102,658     $ 438,936  
    Net income per share:                  
    Basic $ 0.46     $ 0.34     $ 0.15     $ 0.76     $ 3.22  
    Diluted $ 0.45     $ 0.33     $ 0.15     $ 0.75     $ 3.08  
    Shares used in per share calculation:                  
    Basic   133,815       135,329       136,092       135,167       136,376  
    Diluted   138,128       139,914       139,205       140,004       143,290  
                                           
    ENPHASE ENERGY, INC.
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (In thousands)
    (Unaudited)
     
      December 31,
    2024
      December 31,
    2023
    ASSETS      
    Current assets:      
    Cash and cash equivalents $ 369,110   $ 288,748
    Restricted cash   95,006    
    Marketable securities   1,253,480     1,406,286
    Accounts receivable, net   223,749     445,959
    Inventory   165,004     213,595
    Prepaid expenses and other assets   220,735     88,930
    Total current assets   2,327,084     2,443,518
    Property and equipment, net   147,514     168,244
    Operating lease, right of use asset, net   24,617     19,887
    Intangible assets, net   42,398     68,536
    Goodwill   211,571     214,562
    Other assets   180,925     215,895
    Deferred tax assets, net   315,567     252,370
    Total assets $ 3,249,676   $ 3,383,012
    LIABILITIES AND STOCKHOLDERS’ EQUITY      
    Current liabilities:      
    Accounts payable $ 90,032   $ 116,164
    Accrued liabilities   196,887     261,919
    Deferred revenues, current   237,225     118,300
    Warranty obligations, current   34,656     36,066
    Debt, current   101,291    
    Total current liabilities   660,091     532,449
    Long-term liabilities:      
    Deferred revenues, non-current   341,982     369,172
    Warranty obligations, non-current   158,233     153,021
    Other liabilities   55,265     51,008
    Debt, non-current   1,201,089     1,293,738
    Total liabilities   2,416,660     2,399,388
    Total stockholders’ equity   833,016     983,624
    Total liabilities and stockholders’ equity $ 3,249,676   $ 3,383,012
               
    ENPHASE ENERGY, INC.
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (In thousands)
    (Unaudited)
     
      Three Months Ended   Year Ended
      December 31, 
    2024
      September 30, 
    2024
      December 31, 
    2023
      December 31, 
    2024
      December 31, 
    2023
    Cash flows from operating activities:                  
    Net income $ 62,160     $ 45,762     $ 20,919     $ 102,658     $ 438,936  
    Adjustments to reconcile net income to net cash provided by operating activities:                  
    Depreciation and amortization   20,665       20,103       20,841       81,389       74,708  
    Net accretion of discount on marketable securities   (7,490 )     (2,904 )     (2,950 )     (8,599 )     (15,561 )
    Provision for doubtful accounts   2,206       2,704       (129 )     6,677       1,153  
    Asset impairment   4,702       17,568       9,700       28,843       10,603  
    Non-cash interest expense   2,188       2,173       2,126       8,650       8,380  
    Net loss (gain) from change in fair value of debt securities   (3,697 )     741       (2,670 )     (1,967 )     (8,078 )
    Stock-based compensation   51,830       45,940       55,222       211,360       212,857  
    Deferred income taxes   (30,675 )     (5,276 )     (5,053 )     (58,319 )     (43,348 )
    Changes in operating assets and liabilities:                  
    Accounts receivable   2,684       49,414       105,771       211,640       (12,478 )
    Inventory   (6,167 )     17,231       (39,481 )     48,591       (63,887 )
    Prepaid expenses and other assets   (16,487 )     (64,149 )     (2,401 )     (134,343 )     (59,777 )
    Accounts payable, accrued and other liabilities   (27,396 )     32,088       (139,277 )     (85,536 )     (22,149 )
    Warranty obligations   8,657       7,053       221       3,802       57,641  
    Deferred revenues   104,112       1,690       12,611       98,847       117,780  
    Net cash provided by operating activities   167,292       170,138       35,450       513,693       696,780  
    Cash flows from investing activities:                  
    Purchases of property and equipment   (8,064 )     (8,533 )     (20,075 )     (33,604 )     (110,401 )
    Purchases of marketable securities   (93,138 )     (319,190 )     (337,757 )     (1,184,649 )     (2,081,431 )
    Maturities and sale of marketable securities   351,843       215,241       433,869       1,346,520       1,840,477  
    Investments in private companies                           (15,000 )
    Net cash provided by (used in) investing activities   250,641       (112,482 )     76,037       128,267       (366,355 )
    Cash flows from financing activities:                  
    Partial settlement of convertible notes         (5 )           (7 )      
    Repurchase of common stock   (199,666 )     (49,794 )     (99,998 )     (391,364 )     (409,998 )
    Payment of excise tax on net stock repurchases   (2,773 )                 (2,773 )      
    Proceeds from issuance of common stock under employee equity plans   4,719       14       12,555       12,688       13,870  
    Payment of withholding taxes related to net share settlement of equity awards   (5,012 )     (6,286 )     (27,546 )     (78,813 )     (120,646 )
    Net cash used in financing activities   (202,732 )     (56,071 )     (114,989 )     (460,269 )     (516,774 )
    Effect of exchange rate changes on cash, cash equivalents and restricted cash   (7,410 )     2,638       2,175       (6,323 )     1,853  
    Net increase (decrease) in cash and cash equivalents and restricted cash   207,791       4,223       (1,327 )     175,368       (184,496 )
    Cash and cash equivalents—Beginning of period   256,325       252,102       290,075       288,748       473,244  
    Cash, cash equivalents and restricted cash—End of period $ 464,116     $ 256,325     $ 288,748     $ 464,116     $ 288,748  
                                           
    ENPHASE ENERGY, INC.
    RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
    (In thousands, except per share data and percentages)
    (Unaudited)
     
      Three Months Ended   Year Ended
      December 31,
    2024
      September 30,
    2024
      December 31,
    2023
      December 31,
    2024
      December 31,
    2023
    Gross profit (GAAP) $ 198,293     $ 178,171     $ 146,662     $ 629,138     $ 1,058,388  
    Stock-based compensation   3,678       2,948       3,582       14,538       13,357  
    Acquisition related amortization   1,784       1,904       1,894       7,469       7,580  
    Gross profit (Non-GAAP) $ 203,755     $ 183,023     $ 152,138     $ 651,145     $ 1,079,325  
                       
    Gross margin (GAAP)   51.8 %     46.8 %     48.5 %     47.3 %     46.2 %
    Stock-based compensation   0.9       0.8       1.2       1.0       0.6  
    Acquisition related amortization   0.5       0.5       0.6       0.6       0.3  
    Gross margin (Non-GAAP)   53.2 %     48.1 %     50.3 %     48.9 %     47.1 %
                       
    Operating expenses (GAAP) $ 143,489     $ 128,383     $ 156,893     $ 551,846     $ 612,647  
    Stock-based compensation (1)   (47,884 )     (42,992 )     (51,640 )     (196,554 )     (199,500 )
    Acquisition related expenses and amortization   (2,884 )     (3,102 )     (3,888 )     (12,911 )     (15,317 )
    Restructuring and asset impairment charges (1)   (9,399 )     (677 )     (14,814 )     (13,154 )     (15,715 )
    Operating expenses (Non-GAAP) $ 83,322     $ 81,612     $ 86,551     $ 329,227     $ 382,115  
                       
    (1) Includes stock-based compensation as follows:                  
    Research and development $ 20,951     $ 19,790     $ 23,839     $ 85,501     $ 88,367  
    Sales and marketing   15,893       14,237       16,472       65,092       65,703  
    General and administrative   11,041       8,965       11,329       45,962       45,430  
    Restructuring and asset impairment charges   267                   267        
    Total $ 48,152     $ 42,992     $ 51,640     $ 196,822     $ 199,500  
                       
    Income (loss) from operations (GAAP) $ 54,804     $ 49,788     $ (10,231 )   $ 77,292     $ 445,741  
    Stock-based compensation   51,563       45,940       55,222       211,093       212,857  
    Acquisition related expenses and amortization   4,668       5,006       5,782       20,380       22,897  
    Restructuring and asset impairment charges   9,399       677       14,814       13,154       15,715  
    Income from operations (Non-GAAP) $ 120,434     $ 101,411     $ 65,587     $ 321,919     $ 697,210  
                       
    Net income (GAAP) $ 62,160     $ 45,762     $ 20,919     $ 102,658     $ 438,936  
    Stock-based compensation   51,563       45,940       55,222       211,093       212,857  
    Acquisition related expenses and amortization   4,668       5,006       5,782       20,380       22,897  
    Restructuring and asset impairment charges   9,399       677       14,814       13,154       15,715  
    Non-cash interest expense   2,188       2,173       2,126       8,650       8,380  
    Non-GAAP income tax adjustment   (4,116 )     (11,156 )     (25,389 )     (34,891 )     (85,544 )
    Net income (Non-GAAP) $ 125,862     $ 88,402     $ 73,474     $ 321,044     $ 613,241  
                       
    Net income per share, basic (GAAP) $ 0.46     $ 0.34     $ 0.15     $ 0.76     $ 3.22  
    Stock-based compensation   0.39       0.34       0.40       1.56       1.56  
    Acquisition related expenses and amortization   0.03       0.04       0.08       0.15       0.17  
    Restructuring and asset impairment charges   0.07       0.01       0.11       0.10       0.12  
    Non-cash interest expense   0.02       0.02       0.02       0.06       0.06  
    Non-GAAP income tax adjustment   (0.03 )     (0.10 )     (0.22 )     (0.26 )     (0.63 )
    Net income per share, basic (Non-GAAP) $ 0.94     $ 0.65     $ 0.54     $ 2.37     $ 4.50  
                       
    Shares used in basic per share calculation GAAP and Non-GAAP   133,815       135,329       136,092       135,167       136,376  
                       
    Net income per share, diluted (GAAP) $ 0.45     $ 0.33     $ 0.15     $ 0.75     $ 3.08  
    Stock-based compensation   0.39       0.33       0.39       1.56       1.57  
    Acquisition related expenses and amortization   0.04       0.04       0.08       0.15       0.16  
    Restructuring and asset impairment charges   0.07       0.01       0.10       0.10       0.11  
    Non-cash interest expense   0.02       0.02       0.01       0.06       0.06  
    Non-GAAP income tax adjustment   (0.03 )     (0.08 )     (0.19 )     (0.26 )     (0.57 )
    Net income per share, diluted (Non-GAAP) (2) $ 0.94     $ 0.65     $ 0.54     $ 2.37     $ 4.41  
                       
    Shares used in diluted per share calculation GAAP   138,128       139,914       139,205       140,004       143,290  
    Shares used in diluted per share calculation Non-GAAP   134,053       135,839       137,187       135,641       139,214  
                       
    Income-based government grants (GAAP) $ 68,040     $ 46,552     $ 32,887     $ 157,538     $ 53,470  
    Incremental cost for manufacturing in U.S.   (16,123 )     (11,396 )     (7,112 )     (38,351 )     (11,603 )
    Net IRA benefit (Non-GAAP) $ 51,917     $ 35,156     $ 25,775     $ 119,187     $ 41,867  
                       
    Net cash provided by operating activities (GAAP) $ 167,292     $ 170,138     $ 35,450     $ 513,693     $ 696,780  
    Purchases of property and equipment   (8,064 )     (8,533 )     (20,075 )     (33,604 )     (110,401 )
    Free cash flow (Non-GAAP) $ 159,228     $ 161,605     $ 15,375     $ 480,089     $ 586,379  
                                           
    (2)  Calculation of non-GAAP diluted net income per share for the year ended December 31, 2023 excludes convertible Notes due 2023 interest expense, net of tax of less than $0.1 million from non-GAAP net income.

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

    The MIL Network

  • MIL-OSI: Nasdaq Reports January 2025 Volumes

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 04, 2025 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for January 2025 on its Investor Relations website. A data sheet showing this information can be found at: http://ir.nasdaq.com/financials/volume-statistics.

    About Nasdaq

    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

    Cautionary Note Regarding Forward-Looking Statements
    Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to (i) projections relating to our future financial results, total shareholder returns, growth, trading volumes, products and services, ability to transition to new business models, taxes and achievement of synergy targets, (ii) statements about the closing or implementation dates and benefits of certain acquisitions, divestitures and other strategic, restructuring, technology, de-leveraging and capital allocation initiatives, (iii) statements about our integrations of our recent acquisitions, (iv) statements relating to any litigation or regulatory or government investigation or action to which we are or could become a party, and (v) other statements that are not historical facts. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

    Media Relations Contacts:

    Nick Jannuzzi
    +1.973.760.1741
    Nicholas.Jannuzzi@Nasdaq.com

    Nick Eghtessad
    +1.929.996.8894
    Nick.Eghtessad@Nasdaq.com

    Investor Relations Contact:

    Ato Garrett
    +1.212.401.8737
    Ato.Garrett@Nasdaq.com

    -NDAQF-

    The MIL Network

  • MIL-OSI: Key Tronic Corporation Announces Results For the Second Quarter of Fiscal Year 2025

    Source: GlobeNewswire (MIL-OSI)

    SPOKANE VALLEY, Wash., Feb. 04, 2025 (GLOBE NEWSWIRE) — Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter ended December 28, 2024. These results are in line with the updated guidance provided on January 24, 2025.

    For the second quarter of fiscal year 2025, Key Tronic reported total revenue of $113.9 million, compared to $147.8 million in the same period of fiscal year 2024. The lower than anticipated revenue and earnings for the second quarter of fiscal year 2025 are primarily due to unexpected shortages for specific components managed by a large customer, lower-than-expected production during the holiday season, and reduced demand from certain customers which together lowered revenue by approximately $15 million from initial guidance for the quarter. For the first six months of fiscal year 2025, total revenue was $245.4 million, compared to $298.0 million in the same period of fiscal year 2024.

    Gross margins were 6.8% and operating margins were (1.0)% in the second quarter of fiscal year 2025, compared to 8.0% and 2.7%, respectively, in the same period of fiscal year 2024. The decline in margins for the second quarter of fiscal year 2025 primarily reflects the reduction of revenue. As previously announced, interest expense also included approximately $1.0 million in write-offs of unamortized loan fees related to refinancing the Company’s debt with a new lender.

    The net loss was $(4.9) million or $(0.46) per share for the second quarter of fiscal year 2025, compared to net income of $1.1 million or $0.10 per share for the same period of fiscal year 2024. For the first six months of fiscal year 2025, the net loss was $(3.8) million or $(0.35) per share, compared to net income of $1.4 million or $0.13 per share for the same period of fiscal year 2024.

    The adjusted net loss was $(4.1) million or $(0.38) per share for the second quarter of fiscal year 2025, compared to adjusted net income of $1.1 million or $0.10 per share for the same period of fiscal year 2024. The adjusted net loss was $(2.9) million or $(0.27) per share for first six months of fiscal year 2025, compared to adjusted net income of $1.2 million or $0.11 per share for the same period of fiscal year 2024. See “Non-GAAP Financial Measures,” below for additional information about adjusted net income and adjusted net income per share.

    “As we announced today, we’re planning to significantly increase production capacity in Arkansas and Vietnam in order to continue to benefit from the growing customer demand for rebalancing their contract manufacturing. We believe these initiatives should help mitigate the adverse impact and uncertainties surrounding the recently announced tariffs on goods manufactured in China and Mexico,” said Brett Larsen, President and CEO.

    “We are disappointed with the unexpected decline in revenue in the second quarter of fiscal 2025, however, we expect our revenue and earnings to improve in the third quarter of fiscal year 2025 as strategic initiatives undertaken in previous quarters come to fruition. We’re actively streamlining our international and domestic operations, with further headcount reductions to enhance efficiency, building on similar actions a year ago. We’re also pleased to see our inventory levels being more in line with current revenue levels and expect that these strategic changes will improve our overall profitability in the longer term.”  

    “At the same time, we continued to win new programs, such as aerospace systems and an energy resiliency technology program, which was recently announced. Once fully ramped, the latter program could generate annual revenue for us in excess of $60 million. We also closed on a long-term debt refinancing agreement during the quarter that expands available capital for growth. We believe Key Tronic remains well positioned for increased growth and profitability in coming periods.”

    The financial data presented for the second quarter of fiscal 2025 should be considered preliminary and could be subject to change, as the Company’s independent auditor has not completed their review procedures.

    Business Outlook

    Due to uncertainty in the economic and political environments related to the impact of recently announced potential tariffs, Key Tronic will not be issuing revenue or earnings guidance for the third quarter of fiscal year 2025.

    Conference Call

    Key Tronic will host a conference call to discuss its financial results at 2:00 PM Pacific (5:00 PM Eastern) today. A broadcast of the conference call will be available at www.keytronic.com under “Investor Relations” or by calling 888-394-8218 or +1-313-209-4906 (Access Code: 2254355). The Company will also reference accompanying slides that can be viewed with the webcast at www.keytronic.com under “Investor Relations”. A replay will be available at www.keytronic.com under “Investor Relations”.

    About Key Tronic

    Key Tronic is a leading contract manufacturer offering value-added design and manufacturing services from its facilities in the United States, Mexico, China and Vietnam. The Company provides its customers with full engineering services, materials management, worldwide manufacturing facilities, assembly services, in-house testing, and worldwide distribution. Its customers include some of the world’s leading original equipment manufacturers. For more information about Key Tronic visit: www.keytronic.com 

    Forward-Looking Statements

    Some of the statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to those including such words as aims, anticipates, believes, continues, estimates, expects, hopes, intends, plans, predicts, projects, targets, will, or would, similar verbs, or nouns corresponding to such verbs, which may be forward looking. Forward-looking statements also include other passages that are relevant to expected future events, performances, and actions or that can only be fully evaluated by events that will occur in the future. Forward-looking statements in this release include, without limitation, the Company’s statements regarding its expectations with respect to financial conditions and results, including revenue and earnings, cost savings from headcount reduction and the Mexican Peso exchange rate, demand for certain products and the effectiveness of some of its programs, business from customers and programs, and impacts from operational streamlining and efficiencies, including reductions in inventories. There are many factors, risks and uncertainties that could cause actual results to differ materially from those predicted or projected in forward-looking statements, including but not limited to: the future of the global economic environment and its impact on our customers and suppliers; the success and timing of our expansion plans; the availability of components from the supply chain; the availability of a healthy workforce; the accuracy of suppliers’ and customers’ forecasts; development and success of customers’ programs and products; timing and effectiveness of ramping of new programs; success of new-product introductions; the risk of legal proceedings or governmental investigations relating to the previously reported financial statement restatements and related material weaknesses, the May 2024 cybersecurity incident and the subject of the internal investigation by the Company’s Audit Committee and related or other unrelated matters; acquisitions or divestitures of operations or facilities; technology advances; changes in pricing policies by the Company, its competitors, customers or suppliers; impact of new governmental legislation and regulation, including tax reform, tariffs and related activities, such trade negotiations and other risks; and other factors, risks, and uncertainties detailed from time to time in the Company’s SEC filings.

    Non-GAAP Financial Measures

    To supplement our consolidated financial statements, which are prepared in accordance with generally accepted accounting principles in the United States (GAAP), we use certain non-GAAP financial measures, adjusted net income and adjusted net income per share, diluted. We provide these non-GAAP financial measures because we believe they provide greater transparency related to our core operations and represent supplemental information used by management in its financial and operational decision making. We exclude (or include) certain items in our non-GAAP financial measures as we believe the net result is a measure of our core business. We believe this facilitates operating performance comparisons from period to period by eliminating potential differences caused by the existence and timing of certain income and expense items that would not otherwise be apparent on a GAAP basis. Non-GAAP performance measures should be considered in addition to, and not as a substitute for, results prepared in accordance with GAAP. We strongly encourage investors and shareholders to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. Our non-GAAP financial measures may be different from those reported by other companies. See the table below entitled “Reconciliation of GAAP to non-GAAP measures” for reconciliations of adjusted net income to the most directly comparable GAAP measure, which is GAAP net income, and the computation of adjusted net income per share, diluted.

             
    CONTACTS:   Tony Voorhees   Michael Newman
        Chief Financial Officer   Investor Relations
        Key Tronic Corporation   StreetConnect
        (509)-927-5345   (206) 729-3625
             

    KEY TRONIC CORPORATION AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (In thousands, except per share amounts)
    (Unaudited)

      Three Months Ended   Six Months Ended
      December 28, 2024   December 30, 2023   December 28, 2024   December 30, 2023
    Net sales $ 113,853     $ 147,847     $ 245,411     $ 297,959  
    Cost of sales   106,147       136,084       224,402       275,334  
    Gross profit   7,706       11,763       21,009       22,625  
    Research, development and engineering expenses   2,320       1,758       4,609       3,999  
    Selling, general and administrative expenses   6,507       6,057       13,077       11,841  
    Gain on insurance proceeds, net of losses                     (431 )
    Total operating expenses   8,827       7,815       17,686       15,409  
    Operating income (loss)   (1,121 )     3,948       3,323       7,216  
    Interest expense, net   3,904       2,961       7,167       5,972  
    Income (loss) before income taxes   (5,025 )     987       (3,844 )     1,244  
    Income tax benefit   (111 )     (97 )     (54 )     (175 )
    Net income (loss) $ (4,914 )   $ 1,084     $ (3,790 )   $ 1,419  
    Net income (loss) per share — Basic $ (0.46 )   $ 0.10     $ (0.35 )   $ 0.13  
    Weighted average shares outstanding — Basic   10,762       10,762       10,762       10,762  
    Net income (loss) per share — Diluted $ (0.46 )   $ 0.10     $ (0.35 )   $ 0.13  
    Weighted average shares outstanding — Diluted   10,762       10,889       10,762       10,889  
                                   

    KEY TRONIC CORPORATION AND SUBSIDIARIES
    CONSOLIDATED BALANCE SHEETS
    (In thousands)
    (Unaudited)

        December 28, 2024   June 29, 2024
    ASSETS        
    Current assets:        
    Cash and cash equivalents   $ 4,244     $ 4,752  
    Trade receivables, net of credit losses of $2,931 and $2,918     113,132       132,559  
    Contract assets     18,892       21,250  
    Inventories, net     100,709       105,099  
    Other, net of credit losses of $1,496 and $1,679     24,159       24,739  
    Total current assets     261,136       288,399  
    Property, plant and equipment, net     27,123       28,806  
    Operating lease right-of-use assets, net     13,829       15,416  
    Other assets:        
    Deferred income tax asset     19,287       17,376  
    Other     6,454       5,346  
    Total other assets     25,741       22,722  
    Total assets   $ 327,829     $ 355,343  
    LIABILITIES AND SHAREHOLDERSEQUITY        
    Current liabilities:        
    Accounts payable   $ 63,585     $ 79,394  
    Accrued compensation and vacation     6,218       6,510  
    Current portion of long-term debt     5,063       3,123  
    Other     18,904       15,149  
    Total current liabilities     93,770       104,176  
    Long-term liabilities:        
    Long-term debt, net     106,020       116,383  
    Operating lease liabilities     8,429       10,312  
    Deferred income tax liability     9       263  
    Other long-term obligations     114       219  
    Total long-term liabilities     114,572       127,177  
    Total liabilities     208,342       231,353  
    Shareholders’ equity:        
    Common stock, no par value—shares authorized 25,000; issued and outstanding 10,762 and 10,762 shares, respectively     47,367       47,284  
    Retained earnings     73,131       76,921  
    Accumulated other comprehensive loss     (1,011 )     (215 )
    Total shareholders’ equity     119,487       123,990  
    Total liabilities and shareholders’ equity   $ 327,829     $ 355,343  
             

    KEY TRONIC CORPORATION AND SUBSIDIARIES
    Reconciliation of GAAP to non-GAAP measures
    (In thousands, except per share amounts)
    (Unaudited)

      Three Months Ended   Six Months Ended
      December 28, 2024   December 30, 2023   December 28, 2024   December 30, 2023
    GAAP net income (loss) $ (4,914 )   $ 1,084     $ (3,790 )   $ 1,419  
    Gain on insurance proceeds (net of losses)                     (431 )
    Stock-based compensation expense   16       53       83       112  
    Write-off of unamortized loan fees   1,012             1,012        
    Income tax effect of non-GAAP adjustments (1)   (206 )     (11 )     (219 )     64  
    Adjusted net income (loss): $ (4,092 )   $ 1,126     $ (2,914 )   $ 1,164  
                   
    Adjusted net income (loss) per share — non-GAAP Diluted $ (0.38 )   $ 0.10     $ (0.27 )   $ 0.11  
    Weighted average shares outstanding — Diluted   10,762       10,889       10,762       10,889  
                   
    (1) Income tax effects are calculated using an effective tax rate of 20%, which approximates the statutory GAAP tax rate for the presented periods.        

    The MIL Network

  • MIL-OSI: Key Tronic Corporation Plans to Expand Operations in Arkansas and Vietnam

    Source: GlobeNewswire (MIL-OSI)

    SPOKANE VALLEY, Wash., Feb. 04, 2025 (GLOBE NEWSWIRE) — Key Tronic Corporation (Nasdaq KTCC), a world class provider of manufacturing and design engineering services, today announced that it plans to significantly increase production capacity in Arkansas and Vietnam in order to continue to benefit from the growing customer demand for rebalancing their contract manufacturing. This expansion is also expected to help mitigate the adverse impact and uncertainties surrounding the recently announced tariffs on goods manufactured in China and Mexico.

    In Arkansas, the Company has signed a new lease to significantly increase the size of its current manufacturing footprint by June 2025. In Vietnam, Key Tronic has ample space in its current facility and plans to double its manufacturing capacity by September 2025 with a significant investment in capital equipment.

    “Our customers are very excited about our plans to increase our production capacity capabilities in the US and in Vietnam,” said Brett Larsen, President and CEO of Key Tronic Corporation. “These initiatives reflect the longstanding trend to nearshore production away from China, and may also help address the potential adverse impact of tariff increases. Our US-based production provides customers with outstanding flexibility, engineering support, and ease of communications, and our Vietnam-based production offers the high-quality, low-cost choice that was associated with China in the past. In the coming months, we’ll have more to say about these expansions.”

    About Key Tronic

    Key Tronic is a leading design engineering and contract manufacturer offering value-added design and manufacturing services from its facilities in the United States, Mexico, China and Vietnam. Key Tronic provides its customers full engineering services, materials management, worldwide manufacturing facilities, assembly services, in-house testing, and worldwide distribution. Its customers include some of the world’s leading original equipment manufacturers. For more information about Key Tronic visit: www.keytronic.com.

    Forward-Looking Statements

    Some of the statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Key Tronic’s opportunities and its partnership, the potential success of Key Tronic and the customer, and related revenues. Forward-looking statements include all passages containing verbs such as aims, anticipates, believes, estimates, expects, hopes, intends, plans, predicts, projects or targets or nouns corresponding to such verbs.  Forward-looking statements also include other passages that are primarily relevant to expected future events or revenue or that can only be fully evaluated by events that will occur in the future.  There are many factors, risks and uncertainties that could cause actual results to differ materially from those predicted or projected in forward-looking statements, including but not limited to: the success and timing of our expansion plans; the success and timing of ramping; availability and timing and receipt of critical parts or components; demand from customers and sales channels; the future of the global economic environment and its impact on our customers and suppliers; the availability of a healthy workforce; the accuracy of suppliers’ and customers’ forecasts; development and success of customers’ programs and products; success of new-product introductions; the risk of legal proceedings or governmental investigations relating to the previously reported financial statement restatements and related material weaknesses, the May 2024 cybersecurity incident and the subject of the internal investigation by the Company’s Audit Committee and related or other unrelated matters; acquisitions or divestitures of operations or facilities; technology advances; changes in pricing policies by the Company, its competitors, customers or suppliers; impact of new governmental legislation and regulation, including tax reform, tariffs and related activities, such trade negotiations and other risks; and other factors, risks, and uncertainties detailed from time to time in the Company’s SEC filings.

             
    CONTACTS:   Anthony G. Voorhees   Michael Newman
        Chief Financial Officer   Investor Relations
        Key Tronic Corporation   StreetConnect
        (509) 927-5345   (206) 729-3625
             

    The MIL Network

  • MIL-OSI Submissions: Asia-Pacific region to chart bold path for migration governance

    Source: United Nations – ESCAP

    The second Regional Review of the Global Compact for Safe, Orderly and Regular Migration (GCM) in Asia and the Pacific opened today with a call for migration policies that prioritize the needs and rights of migrants while ensuring broad collaboration across governments, communities and key stakeholders.  

    The region, home to over 40 per cent of the world’s international migrants, is witnessing significant shifts driven by demographic changes, rapid digital transformation and the increasing effects of climate change and other crises. Intraregional migration remains predominant, with 70 per cent of migrants moving within the region.

    Much of international migration is propelled by the search for decent work, with women migrants playing a critical yet often undervalued role in sectors such as care and domestic work. Children also make up a significant proportion of migrants in the region, with unique needs for services and protection due to their heightened vulnerability.  

    “Migration, if managed in a well-informed, planned and voluntary manner, with full respect and protection of human rights, can bring benefits to all. Migrants should have their potential fully harnessed to play key roles in enhancing sustainable development in countries of origin and destination,” said Armida Salsiah Alisjahbana, United Nations Under-Secretary-General and Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP) in her opening remarks.

    “With over 40 per cent of the world’s migrants calling Asia and the Pacific home, the region has a unique opportunity to lead by example—expanding regular pathways, protecting lives and ensuring migration benefits all,” said Catalina Devandas, representing IOM Director General Amy Pope in her capacity as Coordinator of the UN Network on Migration.
     
    Expected outcomes and commitments

    Over the next three days, participants will share progress, challenges and good practices in implementing the 23 objectives of the GCM. Discussions will focus on the critical role of migrants in the region’s resilience and sustainable development, particularly in light of lessons learned during the COVID-19 pandemic.

    “In host countries, migrants bring with them not only the needed manpower, but also skills, expertise and social interactions, that can help accelerate economic and social development. Meanwhile, home countries can enjoy the economic boost from remittances from migrant workers and diaspora,” shared Eksiri Pintaruchi, Permanent Secretary for Foreign Affairs of Thailand.

    Speaking on behalf of the Stakeholder Action Group, migrant domestic worker and member of the International Domestic Workers Federation Nasrikah highlighted the importance of having segregated data on migration to inform policymakers on the key needs and situations of migrants and their families and take action based on analysis and true stories of unsafe migration.

    Recognizing the importance of addressing the interconnected challenges shaping migration dynamics such as rapid digital transformation, climate change, demographic shifts and economic disparities, several key commitments are expected to emerge from the review including:

    Protecting migrants’ rights and saving lives: Governments are expected to renew their commitments to policies that uphold migrants’ rights, promote gender equality, tackle discrimination and ensure access to health care, education, decent work and social protection for all migrants, including their children.
    Using technology to improve migration systems: Key priorities include reducing remittance transfer costs, promoting digital and financial inclusion, closing gender gaps in financial access, simplifying migration processes and increasing transparency
    Preparing for crises and climate impacts: Governments are expected to recognize the need for migration policies that help migrants and communities better withstand climate change, economic shocks and health emergencies, using reliable, timely and disaggregated data.
    Strengthening regional cooperation: The meeting will highlight cross-border collaboration, stronger partnerships and meaningful engagement with migrants, civil society, women’s rights organizations and the private sector to improve migration governance.

    The outcomes of this meeting will contribute to global discussions at the 2026 International Migration Review Forum. Governments are also expected to reaffirm their commitment to aligning migration governance with the Sustainable Development Goals, recognizing that protecting all migrants and enabling their full contributions to society are essential to achieving the 2030 Agenda for Sustainable Development.

    Note to Editor:
    The second Regional Review benefited from insights shared in the Asia-Pacific Migration Report 2024, developed by ESCAP and the Regional United Nations Network on Migration for Asia and the Pacific, as well as extensive stakeholder consultations held in its lead-up.
     
    For more information: https://www.unescap.org/events/2025/second-asia-pacific-regional-review-implementation-global-compact-safe-orderly-and

    MIL OSI – Submitted News

  • MIL-OSI USA: Crapo: Doug Collins Knows Firsthand the Issues Veterans Face

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho) issued the following statement after the Senate confirmed, by a vote of 77-23, Doug Collins to be Secretary of the U.S. Department of Veterans Affairs (VA):

    “Idaho is home to veterans of many different backgrounds, from every branch of service and from various wars over the past few decades, including post-9/11 veterans.  It is imperative the next Secretary of the VA will fight tirelessly to appropriately honor their service and administer the benefits owed to them by their sacrifices.  His military service coupled with his political and professional work give him the tools necessary to solve complex problems, cut through red tape and get things done for those who have served our country.  Doug Collins knows firsthand the issues veterans face.  He will bring empathy and kindness to meeting their needs.  He has also committed to making the VA more user-friendly so veterans do not need to find outside help to navigate the Department’s bureaucracy.  I congratulate him on his confirmation.”

    MIL OSI USA News

  • MIL-OSI USA: Capito Votes to Confirm Collins for VA Secretary

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito

    WASHINGTON, D.C. – U.S. Senator Shelley Moore Capito (R-W.Va.) issued the following statement after voting to confirm former Congressman Doug Collins (R-Ga.) to serve as Secretary of the U.S. Department of Veterans Affairs (VA). Collins was confirmed by a vote of 77 to 23.

    “Supporting and ensuring timely medical care for our veterans is one of the most important promises our government makes to those who serve,” Senator Capito said. “Congressman Doug Collins’ passion and deep understanding of the issues facing veterans comes from his experience as a veteran himself. His background as a military chaplain, former congressman, and attorney uniquely qualify him to serve in this role and will be critical in delivering results and reforms in the department. I look forward to working with him and the Trump administration as we continue to improve the VA system and advance other efforts to ensure veterans in West Virginia and across the country receive the care and support they deserve.”

    Senator Capito previously met with Collins in December of 2024 to discuss his nomination and learn more about his vision to lead the department.

    MIL OSI USA News

  • MIL-OSI USA: Cotton Reintroduces Legislation to Eliminate Federal Use of the Term “West Bank”

    US Senate News:

    Source: United States Senator for Arkansas Tom Cotton

    FOR IMMEDIATE RELEASE
    Contact: Caroline Tabler or Patrick McCann (202) 224-2353
    February 4, 2025

    Cotton Reintroduces Legislation to Eliminate Federal Use of the Term “West Bank”

    Washington, D.C. — Senator Tom Cotton (R-Arkansas) today introduced the Retiring the Egregious Confusion Over the Genuine Name of Israel’s Zone of Influence by Necessitating Government-use of Judea and Samaria (RECOGNIZING Judea and Samaria) Act, legislation to require all official U.S. documents and materials to use the historically accurate term “Judea and Samaria” instead of the “West Bank”. This bill would require the use of historically accurate terminology and align U.S. policy language with the geographical and cultural significance of the region. This legislation was introduced in the House by Congresswoman Claudia Tenney (R-New York).

    “The Jewish people’s legal and historic rights to Judea and Samaria goes back thousands of years. The U.S. should stop using the politically charged term West Bank to refer to the biblical heartland of Israel,” said Senator Cotton. 

    “The Israeli people have an undeniable and indisputable historical and legal claim over Judea and Samaria,” said Congresswoman Tenney. “By introducing the RECOGNIZING Judea and Samaria Act and creating the Friends of Judea and Samaria Caucus, we are working to reaffirm Israel’s rightful claim to its territory. I am dedicated to working with President Trump, Secretary of State Rubio, and Ambassador Huckabee to support communities in the region while opposing the establishment of a hostile state that promotes terrorism in Judea and Samaria. I remain committed to defending the integrity of the Jewish state and fully supporting Israel’s sovereignty over Judea and Samaria.

    Text of the legislation may be found here. 

    Background:

    • In 1995, the Clinton administration changed longstanding U.S. policy and required “Made in West Bank” country-of-origin (COO) labels for Israeli goods produced in Judea and Samaria, even though the U.S. government treats these products as “articles of Israel” for trade purposes. 
    • In 2016, the Obama administration republished these labeling guidelines as part of a broader effort to oppose the Israeli government. 
    • The bill pushes back on attempts to undermine Israel’s sovereign territory. 

    MIL OSI USA News

  • MIL-OSI United Nations: Strengthening alliances and building movements to end female genital mutilation

    Source: United Nations Population Fund

    Joint statement by UNFPA Executive Director Dr. Natalia Kanem, UNICEF Executive Director Catherine Russell and WHO Director-General Dr. Tedros Adhanom Ghebreyesus on the occasion of the International Day of Zero Tolerance for Female Genital Mutilation

    NEW YORK/GENEVA, 6 February 2025 – Female genital mutilation is a violation of human rights that inflicts deep and lifelong physical, emotional, and psychological scars on girls and women. This harmful practice affects more than 230 million girls and women today. An estimated 27 million more girls could endure this violation of their rights and dignity by 2030 if we do not take action now.

    Today, on the International Day of Zero Tolerance for Female Genital Mutilation, and in response to the theme “Stepping up the pace: Strengthening alliances and building movements to end female genital mutilation”, UNFPA, UNICEF and WHO reaffirm our commitment to work together with countries and communities to end this harmful practice — once and for all.

    There is hope. Many countries have seen a decline in the prevalence of female genital mutilation. We are witnessing progress in countries like Kenya and Uganda, where collaborative action and community-led initiatives are proving that by strengthening alliances and building movements, we can accelerate change. 

    Since the launch of the UNFPA-UNICEF Joint Programme on the Elimination of Female Genital Mutilation in 2008, and in collaboration with WHO, close to 7 million girls and women access prevention and protection services. Additionally, 48 million people have made public declarations to abandon the practice, and 220 million individuals were reached by mass media messaging on the issue. In the last two years, close to 12,000 grassroots organizations and 112,000 community and frontline workers galvanized to effect change at this critical juncture.

    Yet the fragility of progress made has also become starkly evident. In the Gambia, for example, attempts to repeal the ban on female genital mutilation persist, even after an initial proposal to do so was rejected by its parliament last year. Such efforts could gravely undermine the rights, health, and dignity of future generations of girls and women, jeopardizing the tireless work over decades to change attitudes and mobilize communities.

    Of the 31 countries in which data on prevalence are collected nationally, only seven countries are on track to meet the Sustainable Development Goal of ending female genital mutilation by or before 2030. The current rate of progress must accelerate urgently to meet this target.

    This requires strengthened alliances among leaders, grassroots organizations, and across sectors spanning health, education, and social protection — as well as sustained advocacy and expanded social movements with girls and survivors at the centre. 

    It demands greater accountability at all levels to ensure commitments to human rights are upheld and policies and strategies are implemented to protect girls at risk and provide care, including justice, for survivors. It also requires increased investment in scaling up proven interventions. We are indebted to generous donors and partners who are supporting this life-changing work and call on others to join them.

    We all have a role to play to ensure that every girl is protected and can live free from harm. Let’s step up the pace and act with urgency. The time to end female genital mutilation is now. 

    ###

    Notes to Editors

    About the UNFPA–UNICEF Joint Programme
    The UNFPA–UNICEF Joint Programme on the Elimination of Female Genital Mutilation: Delivering the Global Promise works to eliminate female genital mutilation through interventions in 17 countries where the practice is prevalent. The programme creates opportunities for girls and women to realize their rights in health, education, income and equality to help end the power imbalances that underpin this harmful practice.

    For further information, please contact:
    Eddie Wright, UNFPA New York, Tel: +1 917 831 2974 ewright@unfpa.org
    Sara Alhattab | UNICEF New York | +1 917-957-6536 | salhattab@unicef.org
    Laura Keenan | WHO, Geneva | keenanl@who.int and mediainquiries@who.int

    About UNFPA
    UNFPA is the United Nations sexual and reproductive health agency. UNFPA’s mission is to deliver a world where every pregnancy is wanted, every childbirth is safe and every young person’s potential is fulfilled. UNFPA calls for the realization of reproductive rights for all and supports access to a wide range of sexual and reproductive health services, including voluntary family planning, quality maternal health care and comprehensive sexuality education.

    For more information about UNFPA and its work visit: www.unfpa.org
    Follow UNFPA on X (Twitter), Facebook, Instagram and YouTube

    About UNICEF
    UNICEF, the United Nations agency for children, works to protect the rights of every child, everywhere, especially the most disadvantaged children and in the toughest places to reach. Across more than 190 countries and territories, we do whatever it takes to help children survive, thrive, and fulfil their potential.

    For more information about UNICEF and its work visit:
    Follow UNICEF on X (Twitter), Facebook, Instagram and YouTube

    About WHO

    Dedicated to the well-being of all people and guided by science, the World Health Organization leads and champions global efforts to give everyone, everywhere an equal chance at a safe and healthy life. We are the UN agency for health that connects nations, partners and people on the front lines in 150+ locations – leading the world’s response to health emergencies, preventing disease, addressing the root causes of health issues and expanding access to medicines and health care. Our mission is to promote health, keep the world safe and serve the vulnerable. 

    For more information about WHO and its work visit: www.who.int   

    Follow WHO on X (Twitter), Facebook, Instagram and YouTube

    MIL OSI United Nations News

  • MIL-OSI Canada: Budget 2025: Coming soon

    Source: Government of Canada regional news (2)

    MIL OSI Canada News

  • MIL-OSI USA: Wyden, Merkley, Crapo, and Risch Push to Reauthorize Program Supporting Rural Counties in Oregon, Idaho and Nationwide

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)

    February 04, 2025

    Washington, D.C.— U.S. Senators Ron Wyden and Jeff Merkley (both D-Ore.) said today that they along with U.S. Senators Mike Crapo and Jim Risch (both R-Idaho) and 17 other Senate colleagues have reintroduced bipartisan legislation that would reauthorize the Secure Rural Schools and Self-Determination Program (SRS) administered for counties hosting both U.S. Forest Service and Bureau of Land Management forested lands through Fiscal Year 2026. 

    “This is urgent business for the Oregonians living and working in counties that have long depended on millions of dollars from these federal funds for local schools, roads, law enforcement and more,” said Wyden, who co-authored the bipartisan SRS legislation in 2000.  “I’m glad this bill is being reintroduced right at the start of this new Congress in this bipartisan spirit, and I strongly urge our House colleagues to act with the same urgency and bipartisan ethic to reconnect this proven lifeline ASAP for rural communities in Oregon and nationwide.”

    “Our bipartisan bill provides reliable funding that is crucial to keeping schools and libraries open, maintaining roads, restoring watersheds, and ensuring there are police officers and firefighters to keep rural?communities safe,”?said Merkley.  “Congress must swiftly pass this bill to extend the SRS program so Oregon communities can maintain access to these important lifelines and resources.” 

    “The SRS program is a vital lifeline for rural counties where federal lands generate insufficient revenue for important local services,” said Crapo.  “Failure to reauthorize the program puts most of Idaho’s counties in a precarious position with a lack of funding for schools, road maintenance, public safety, and search and rescue operations.  I urge both the Senate and House to take up this measure expeditiously, and remain committed to finding a viable long-term solution that provides more certainty to rural county governments in the future.”

    “Idaho’s counties rely on SRS funding for schools and road maintenance,” said Risch. “The federal government made a promise to rural communities, and until we can bring historic timber revenue back to these areas, Congress has an obligation to fulfill that promise. Congress must immediately reauthorize SRS.”

    “Reauthorizing Secure Rural Schools for three years will help counties with large tracts of federal forests meet the needs of residents and visitors,” said National Association of Counties Executive Director Matthew Chase.  “Without SRS, counties would face, on average, an 80 percent drop in resources for infrastructure improvement, education programs and forest health projects.  Many rural counties and school districts are already making difficult decisions due to a lack of funds. Counties applaud the leadership of Senators Crapo and Wyden and look forward to prompt passage of this vital legislation.”

    Additional co-sponsors of the bill include Senators Dan Sullivan (R-Alaska), Jacky Rosen (D-Nevada), Shelley Moore Capito (R-West Virginia), Jeanne Shaheen (D-New Hampshire), Steve Daines (R-Montana), Mark Kelly (D-Arizona), Josh Hawley (R-Missouri), Maggie Hassan (D-New Hampshire), John Curtis (R-Utah), Patty Murray (D-Washington), Rick Scott (R-Florida), Amy Klobuchar (D-Minnesota), Tim Sheehy (R-Montana), Michael Bennet (D-Colorado), Lisa Murkowski (R-Alaska), Jim Justice (R-West Virginia) and Catherine Cortez Masto (D-Nevada).

    Wyden, Merkley, Crapo, and Risch introduced the legislation in the 118th Congress and the Senate unanimously passed it in November 2024.  It did not receive a vote in the U.S. House of Representatives before the end of the Congress.  The program needs to be reauthorized as soon as possible to avoid a gap in funding for rural counties that rely on the program for much-needed services.

    Congress enacted SRS in 2000 to financially assist counties with public, tax-exempt forestlands.  The U.S. Forest Service and the U.S. Bureau of Land Management administer the funds.  The totals are based on a formula including economic activity, timber harvest levels and other considerations that vary from county to county.  SRS payments are critical to maintain education programs for many rural counties that contain federal lands exempt from property taxes.

    Text of the bill is here.

    MIL OSI USA News

  • MIL-OSI USA: SCHUMER CALLS ON DHS SECRETARY TO IMMEDIATELY REINSTATE PAN AM FLIGHT 103-INSPIRED AVIATION SECURITY COMMITTEE; SENATOR SAYS PANEL IS CRITICAL TO AIRLINE SAFETY AND PRESERVING MEMORY OF 35 SYRACUSE…

    US Senate News:

    Source: United States Senator for New York Charles E Schumer

    Last Month, The Trump Administration Quietly Removed All Members Of The Nonpartisan ‘Aviation Security Advisory Committee,’ Created Following 1988 Bombing of Pan Am Flight 103 That Tragically Killed 35 Syracuse University Students And Others From Across Upstate NY & America

    Schumer Says Just-Confirmed DHS Secretary Noem Must Immediately Right This Wrong — And That This Unwise Move Clearly Usurps Congressional Intent, Possibly Violating The Law, And Guts Panel That Has Helped Create Hundreds Of Changes To Improve Airplane Safety

    Schumer: DHS Must Bring Back Pan Am Flight 103-Inspired Safety Committee To Continue To Guard and Improve The Safety Of Our Skies

    After the U.S. Department of Homeland Security gutted the Aviation Security Advisory Committee, which was created following the deadly terror attack on Pan American Flight 103 that took the lives of 35 Syracuse University students and many others, U.S. Senator Chuck Schumer today called on DHS to immediately reinstate this vital safety panel so they can continue their vital work in airline safety.

    Schumer said, “This unwise, unjustified and dangerous move risks the safety of our skies by taking away a key tool to strengthen aviation security, and it possibly violated the law. Beyond that, it is deeply insulting to the memory of those lost that day, including the 35 precious students from Syracuse University.” The senator is now demanding the Trump administration reverse course and bring back the committee to continue its vital air travel safety work.

    “Dismantling the aviation security committee inspired by Pan Am Flight 103, and the awful loss of the 35 Syracuse University students and other Americans murdered that day, is callous and risks airline safety. For decades, nonpartisan members of the Committee, including family members of the victims of Pan Am Flight 103, have made life-saving recommendations to the federal government to enhance aviation security. Now all that work will cease. It makes absolutely no sense. The Department of Homeland Security needs to immediately right this wrong,” said Senator Schumer. “These members turned their grief into action, to ensure that what happened to their loved ones never happen again. Calling this Committee a ‘misuse of resources’ is insulting to the lives lost by an act of terror nearly 40 years ago and to the Committee’s decades of work. Effectively shutting down operations by removing all members clearly attempts to skirt the mandated congressional intent and possibly violates the law. The Trump administration must reverse course and bring back this committee now.”

    “This action by the Trump Administration will undermine aviation security in the United States and across the globe. We are grateful to Senator Schumer for pushing to reverse this action so that the vital work of ASAC can continue,”  said Kara Weipz, President of Victims of Pan Am Flight 103. Weipz’s brother, Rick Monetti, was a Syracuse University student.

    “Those of us whose loved ones were killed in the Pan Am 103 bombing  cannot imagine a greater tribute to their memories than protecting the threat to our national security posed by those who wish to attack the United States using our aviation system,” said Stephanie Bernstein, a member of the Committee until it was disbanded. Bernstein’s husband was killed in the bombing.

    In 1988, a mid-air explosion killed 259 passengers on Pan American Flight 103, including 35 Syracuse University students and others from across New York and America. The nonpartisan Aviation Security Advisory Committee comprised of 34 volunteer members, including family members of the victims, was created following this attack. Schumer explained that the Committee provided advice to federal government on measures to increase aviation safety since 1989 and Congress made the Committee permanent in 2014. 95 percent of the Committee’s recommendations have been adopted, and the Committee’s research on bomb-detection scanners and recommendations helped federal authorities tighten security following 9/11.

    Last month, however, the U.S. Department of Homeland Security delivered termination notices to the Aviation Security Advisory Committee, removing all of its members.

    In a letter to U.S. Department of Homeland Security Secretary Kristi Noem, Schumer said this change was not only wrong but risked the safety of our skies and potentially violated the law by clearly attempting to evade congressional intent. Schumer demanded the Committee and its members, especially family members of the victims of Pan Am Flight 103 who were callously removed, be re-instated immediately.

    Schumer’s letter to Secretary Noem can be found below:

    Dear Secretary Noem:

    I write to you today regarding a critical issue that directly impacts aviation security throughout our country and across the globe, which is the elimination of all Department of Homeland Security (DHS) advisory committees, including the Aviation Security Advisory Committee (ASAC). The elimination of ASAC could have perilous effects to the safety of the flying public and the security of our skies, and I have serious concerns for the manner in which DHS has terminated the members of this committee.

    As you may know, ASAC was created following the deadly terrorist attack on Pan Am Flight 103 in December 1988, which killed 259 onboard, including 35 Syracuse University students. The Aviation Security Stakeholder Participation Act of 2014 made ASAC permanent. However, in a memo dated January 20, 2025, members of ASAC, including family members of victims of Pan Am Flight 103, were informed by DHS that all current memberships on its advisory committees were being immediately terminated, as the agency prioritizes national security and eliminates a ‘misuse of resources’.

    The assertion that ASAC is a ‘misuse of resources’ by the Agency is insulting to the lives lost by an act of terror nearly 40 years ago, and to the work done by ASAC to create security and safety reforms across the board that have created a safer flying public since that tragic day. Since the creation of ASAC, approximately 95% of its recommendations to the Transportation Security Administration (TSA) and Federal Aviation Administration (FAA) have been adopted, including when the committee had studied and recommended the use of bomb-detection scanners amongst federal security agencies which was implemented quickly in the wake of the September 11, 2001 attacks.

    It is no question that since ASAC’s inception, which was directly in response to the Pan Am 103 crash, our skies have gotten safer and more secure. Effectively shutting down ASAC by removing all of its members clearly avoids congressional intent of mandating this permanent committee. The safety of our skies needs to be a top priority for DHS, especially in the wake of recent instances of security breaches in our airports and our ever-evolving threat environment. Therefore, I urge you to immediately reinstate ASAC and the members that were dismissed.

    MIL OSI USA News

  • MIL-OSI USA: SBA Opens Additional Recovery Center in Georgia to Assist Debby and Helene Businesses:

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) will open a Business Recovery Center (BRC) in Jeff Davis County, Feb. 3, to assist small businesses and private nonprofit (PNP) organizations who sustained physical damage and economic losses caused by Tropical Storm Debby and Hurricane Helene.

    Customer service representatives will be on hand at the BRC to answer questions about the SBA’s disaster loan program, assist business owners with completing their disaster loan application, and provide updates on applicant’s status. Walk-ins are accepted, but you can schedule an in-person appointment in advance at appointment.sba.gov. The BRC hours of operation is listed below.

    Business Recovery Center (BRC)

    Jeff Davis County

    Jeff Davis Recreational Department

    83 Buford Rd.

    Hazlehurst, GA 31539

    Hours:     Monday – Friday, 9 a.m. to 6 p.m.,

    Saturday, 9 a.m. to 4 p.m., Closed: Sunday  

    Businesses and PNPs are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

    Applicants may be eligible for a loan increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include insulating pipes, walls and attics, weather stripping doors and windows, and installing storm windows to help protect property and occupants from future disasters.

    The SBA also offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs, such as ongoing operating expenses for small businesses and PNPs.  EIDL assistance is available regardless of whether the organization suffered any physical property damage.

    Interest rates are as low as 4% for businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not begin to accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms, based on each applicant’s financial condition.

    With the changes to FEMA’s Sequence of Delivery, survivors are now encouraged to simultaneously apply for FEMA grants and the SBA low-interest disaster loan assistance to fully recover. FEMA grants are intended to cover necessary expenses and serious needs not paid by insurance or other sources. The SBA disaster loan program is designed for your long-term recovery, to make you whole and get you back to your pre-disaster condition. Do not wait on the decision for a FEMA grant; apply online and receive additional disaster assistance information at sba.gov/disaster.

    Applicants may also call the SBA’s Customer Service Center at (800) 659-2955 or send an email to disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The filing deadline to return applications for physical property damage for Tropical Storm Debby and Hurricane Helene is Feb. 7, 2025. The deadline to return economic injury applications for Tropical Storm Debby is June 24, 2025, and for Hurricane Helene is June 30, 2025.  

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News

  • MIL-OSI Global: Trump’s tariff gambit: As allies prepare to strike back, a costly trade war looms

    Source: The Conversation – USA – By Bedassa Tadesse, Professor of Economics, University of Minnesota Duluth

    On Saturday, Feb. 1, 2025, U.S. President Donald Trump announced a plan to slap steep tariffs on imports from key American trading partners – 25% on goods from Mexico and Canada and 10% on imports from China. His stated reason? To curb illegal immigration and drug trafficking.

    Both Mexico and Canada managed to buy some time. After urgent phone calls with Trump on Feb. 3, their leaders each secured a one-month reprieve. But Mexico’s Claudia Sheinbaum and Canada’s Justin Trudeau also made it clear to their U.S. counterpart: If these tariffs go through, they’ll hit back with their own trade restrictions. The world is watching the opening moves of what could become another costly trade war.

    As a professor of economics, I can explain why this poses significant risks to the U.S. economy and American consumers. Economic theory suggests that tariffs distort market efficiency, raising production costs while limiting consumer choice and increasing prices.

    Who really pays for tariffs?

    While politicians often frame tariffs as a way to punish other countries, they actually hit domestic consumers and businesses hardest. Whether they’re facing higher grocery bills or disruptions in manufacturing, Americans will feel the strain.

    When tariffs are imposed, companies must either absorb the additional costs – cutting into profits and potentially threatening jobs – or pass these costs to consumers through higher prices. Small businesses operating on thin profit margins are particularly vulnerable, as many lack the resources to quickly switch suppliers.

    Tariffs trigger costly retaliation

    Worse yet, such measures commonly set off a cycle of retaliation. During past trade disputes involving the U.S., affected nations have responded with counter-tariffs on American products, including textiles, steel and agricultural goods. Such retaliatory efforts have led to sharp declines in U.S. exports.

    During the first Trump administration, for example, China imposed retaliatory tariffs on U.S. agricultural exports. As a result, the U.S. farmers lost billions of dollars, and the U.S. spent billions in government aid to offset those losses. China has already issued new tariffs on imports of U.S. goods and export controls on some of its exports to the U.S. to retaliate for Trump’s current move.

    History also shows that trade wars are self-defeating. The Smoot-Hawley Tariff Act of 1930, which imposed tariffs on over 20,000 imported goods, prompted swift retaliation from trading partners and contributed to deepening the Great Depression.

    Modern trade wars have other consequences

    Modern trade wars hit closer to home than most Americans realize. The recent tariff threat against Colombia reveals why. In 2023, Colombian farmers supplied US$1.14 billion worth of fresh-cut flowers to U.S. florists. In a near-crisis that lasted a weekend, Trump threatened to slap steep tariffs on the South American nation, right when flower shops across America were stocking up for one of their busiest seasons: Valentine’s Day.

    The same tariffs would have hit Colombian coffee too, affecting everything from neighborhood cafes to grocery store prices. This shows how modern trade disputes can instantly disrupt the everyday purchases Americans make.

    Other key trading partners, including the European Union, have also come into the crosshairs. On Jan. 30, 2025, the president issued a stark warning to Brazil, Russia, India, China and South Africa – the so-called BRICS nations – threatening 100% tariffs if they continued efforts to reduce reliance on the U.S. dollar as their reserve currency.

    These threats can do more than alienate strategic partners; they risk accelerating dedollarization – pushing nations to develop alternative financial systems that weaken U.S. influence in global trade.

    A more effective approach

    Beyond causing immediate economic pain, constant tariff threats risk damaging America’s credibility as a reliable trading partner. The U.S. helped establish the rules-based international trading system, but regular tariff threats erode global trust and push trading partners to seek alternatives to the U.S. market.

    The reality is clear: No country in the modern era has successfully used tariffs to grow its economy or improve the well-being of its people. The countries that are most dependent on tariff revenues for their national budgets are among the world’s poorest and least developed economies.

    I believe the path to maintaining America’s economic leadership lies in embracing a smarter, more strategic trade policy – one that builds alliances instead of breaking them. A strategy that prioritizes negotiation, fosters innovation and enhances competitiveness – and that doesn’t rely on protectionist tactics more often used by developing nations – would strengthen cooperation and stability, ensuring long-term economic prosperity.

    Bedassa Tadesse does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Trump’s tariff gambit: As allies prepare to strike back, a costly trade war looms – https://theconversation.com/trumps-tariff-gambit-as-allies-prepare-to-strike-back-a-costly-trade-war-looms-248980

    MIL OSI – Global Reports

  • MIL-OSI Global: Trump’s opening tariff salvo will hurt US consumers − following through on Canada, Mexico threats will increase the price pain

    Source: The Conversation – USA – By Jason Reed, Associate Teaching Professor of Finance, University of Notre Dame

    If U.S. voters reelected Donald Trump hoping for relief from higher prices, his recent threats to impose tariffs on America’s three largest trade partners might make them think again.

    On Saturday, Feb. 1, Trump announced 25% tariffs on Canada and Mexico and 10% tariffs on China, which he said would take effect on Tuesday, Feb. 4. While markets braced for the news to some degree, they still saw a steep premarket sell-off on Monday, Feb. 3, followed by morning volatility.

    While Canada and Mexico negotiated monthlong reprieves on Monday, the new tariffs on China went into effect as expected Tuesday, Feb. 4. And while the ultimate shape of Trump’s tariff policy remains to be seen, the president warned that American consumers could feel “some pain” as a result.

    Given my training as an economist and finance professor, I think Trump could be right on that score. In fact, if the tariffs go into effect, they could spell disaster for the Federal Reserve’s inflation reduction efforts.

    From grocery stores to homes

    U.S. consumers might be surprised to find out that almost every economic sector could be affected by this opening salvo of tariffs, should they go ahead in March. Imports from Mexico and Canada reached close to US$1 trillion in 2024, almost double the amount the U.S. imports from China.

    The U.S. is particularly reliant on Mexico for fresh fruits and vegetables, and on Canada for lumber. So if the tariffs go into effect, Americans who have been waiting for home prices to ease may have to continue waiting, as tariffs on lumber and other building materials could worsen the affordable-housing crunch. And let’s not even talk about avocado prices.

    Meanwhile, the 10% tariffs on Chinese goods will likely boost the price of electronics, and China has already imposed retaliatory measures. Trump has also proposed 25% tariffs on Taiwan and its semiconductor industry, in an attempt to push Taiwanese companies to invest more in U.S. manufacturing. If that tariff were to go into effect, prices for U.S. consumers would be even higher.

    A tax by any other name …

    Tariffs are an import tax. They’re passed through the supply chain in the form of higher prices and are eventually paid by consumers. Traditionally, governments have used tariffs as a fiscal tool to encourage businesses and consumers to move away from foreign-made products and support domestic businesses instead.

    In theory, new tariffs could encourage foreign businesses to invest in the U.S. and make more stuff on American soil. Unfortunately, domestic manufacturing has seen a systemic decline since the 1980s, resulting in lower prices for consumers but severely limiting U.S.-produced products. In the short term, at least, import taxes on Canadian, Mexican and Chinese products would ultimately be paid by U.S. consumers.

    Although this round of tariff threats may seem arbitrary to some, the Trump administration says it considers tariffs deeply intertwined with national security concerns. Stephen Miran, Trump’s pick to chair the president’s Council of Economic Advisers, has laid out a path for Trump’s tariff plan, which he says is aimed at putting American industry on fairer ground against the rest of the world.

    In the long term, it’s unclear whether Trump’s threatened trade war will bring domestic manufacturing back to the U.S. and start a new industrial renaissance. In the meantime, American consumers will likely be stuck holding the bag.

    Jason Reed does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Trump’s opening tariff salvo will hurt US consumers − following through on Canada, Mexico threats will increase the price pain – https://theconversation.com/trumps-opening-tariff-salvo-will-hurt-us-consumers-following-through-on-canada-mexico-threats-will-increase-the-price-pain-248991

    MIL OSI – Global Reports

  • MIL-OSI Global: Who are immigrants to the US, where do they come from and where do they live?

    Source: The Conversation – USA – By Jennifer Van Hook, Distinguished Professor of Sociology and Demography, Penn State

    Immigrants to the U.S. increasingly arrive like these people, seeking asylum at a formal border crossing, rather than trying to sneak across the border. Carlos Moreno/NurPhoto via Getty Images

    Undocumented immigration is a key issue in American politics, but it can be hard to nail down the basic facts about who these immigrants are, where they live and how their numbers have changed in the past few decades.

    I study the demographics of the U.S. immigrant population and have seen how the data has changed over time. Here are some basics to set the stage as President Donald Trump begins his second term in office vowing to crack down hard on immigrants, including by conducting mass deportations.

    Immigration status

    My analysis of the Census Bureau’s 2023 American Community Survey data, in collaboration with the Migration Policy Institute, a nonpartisan nonprofit immigration research group, finds that as of the middle of 2023, approximately 51 million foreign-born people lived in the United States.

    Most immigrants are in the U.S. legally. About 49% have become U.S. citizens by a process known as naturalization. Another 19% hold lawful permanent resident status and are eligible to become U.S. citizens through naturalization. Still another 5% are in the country on temporary visas, like those for international students, diplomats and their families, and seasonal or temporary workers.

    The remaining 27% – around 13.7 million people – are outside those categories and therefore generally considered to be undocumented.

    My analysis shows that the number of undocumented immigrants held steady at around 11 million between 2007 and 2019. In the next four years, the numbers increased by nearly 3 million. This recent growth is mostly attributable to large increases in border crossings by migrants from Central and South America who were seeking asylum or other forms of humanitarian relief. Starting in June 2024, however, the number of people entering across the U.S.-Mexico border fell back to normal levels when the Biden administration implemented the Secure the Border rule, which suspends asylum applications at the border when crossings reach a seven-day average of 2,500.

    These changes were accompanied by changes in the undocumented migration process itself. In the past, undocumented immigrants often entered the country by slipping undetected across the U.S. border with Mexico. But increased border enforcement made the journey more dangerous and expensive.

    Instead of paying smugglers or risking their lives in the desert, growing numbers of undocumented immigrants now either directly approach immigration officials at airports or land-border crossings and seek asylum in the U.S. Others are initially admitted to the country legally on a temporary tourist, student or work visa – but then overstay the time period for which they have permission.

    Additionally, growing numbers of undocumented immigrants occupy what might be called a “liminal” or “in-between” status. The Migration Policy Institute analysis estimates this encompasses a range of groups as of the middle of 2023, including:

    • About 2.1 million people awaiting a decision on their asylum claims.
    • 521,000 parolees, allowed into the U.S. for humanitarian or national security reasons, like those paroled recently from Afghanistan and Ukraine.
    • 654,000 people who hold temporary protected status because it would be unsafe for them to return home due to armed conflict, natural disasters and other emergencies.
    • 562,000 who are protected by the Deferred Action for Childhood Arrivals program because they were brought to the United States as children by their parents.

    The report estimates that just over one-quarter of undocumented immigrants currently occupy this type of “in-between” status. These immigrants are protected from deportation. Some even have a legal right to work in the U.S. Yet they do not possess a durable legal immigration status, and their rights could be threatened by policy changes.

    While Trump says he wants to deport as many as 11 million immigrants, analyses published by The New York Times and The Washington Post indicate that it may be difficult to remove many of them under existing U.S. law. The one group that is easy to remove – those with a criminal record – is relatively small, numbering about 650,000.

    Shifting countries of origin

    Since 1980, Mexicans have been the largest single national origin group in the United States. I found that 10.9 million Mexican-born individuals were living in the country in 2023, making up 23% of all immigrants. The second-largest group, immigrants from India, numbered just 2.9 million, or 6% of all immigrants living in the U.S.

    However, immigrants’ origins have been shifting away from Mexico.

    With the onset of the Great Recession of 2007-2009, work opportunities in U.S. construction and manufacturing evaporated. Many Mexican laborers had been working in construction at the time but went back to Mexico when the U.S. housing market collapsed.

    At that same time, Mexico’s economic conditions improved, its population growth slowed, and many would-be migrants opted to stay home. For the first time in decades, from 2007 to 2022 the number of Mexicans who returned home exceeded the number coming to the United States.

    This trend was especially pronounced among undocumented immigrants. I found that Mexicans made up about 51% of the undocumented immigrants who arrived in the country 10 or more years ago. Central Americans made up 20%, and the remaining originated from other regions.

    However, undocumented migrants now come from across the globe. Among undocumented immigrants who arrived within the past 10 years, 19% came from Mexico. Larger shares came from Central America and South America. While some of these new migrants seek work, others flee crime, economic and ecological disasters, and political persecution in their home countries.

    Duration of residence

    Most immigrants, whether they are in the U.S. legally or illegally, have lived in the United States for many years. Just under half of foreign-born individuals have lived in the country for two decades or more, and more than two-thirds have lived in the country for at least 10 years. Only 20% arrived within the past five years.

    This is a dramatic change from the early 2000s, when less than 10% of immigrants had been in the U.S. for more than two decades, and more than one-third had arrived within the previous five years.

    That means many of the people who are likely to be targeted for deportation in the coming months are settled, long-term members of American society.

    Place of residence

    As of 2023, 6.6 million immigrants reported on the Census Bureau’s American Community Survey that they moved to the United States in the past five years.

    However, the effects of these new immigrants on American communities has been uneven. Although most communities are more racially and ethnically diverse now than in the past, the numbers of newly arrived immigrants are relatively low in most places.

    Fifteen states host fewer than 20,000 immigrants, and 33 states are home to fewer than 100,000. In contrast, over half of new arrivals live in just five states: California, Florida, Illinois, New York and Texas are the home of over half of new arrivals yet have only 37% of the U.S. population. Other states such as Georgia, Michigan, New Jersey, North Carolina, Pennsylvania and Washington also are home to large and growing immigrant populations.

    The U.S. immigrant population is changing rapidly. In the early years of the 21st century, Mexican immigrants dominated undocumented immigration flows to the United States. Decades later, many of these people continue to live in the country.

    In the past four years, however, the flow of undocumented people increased dramatically. These new arrivals tend to come from troubled nations in Central and South America, many of whom are protected from deportation and have a legal right to work in the U.S. Altogether, most undocumented immigrants either have lived in the country for decades or have legal protections.

    Neither of these groups fit the profile of undocumented immigrants who are typically targeted for deportation.

    Jennifer Van Hook receives funding from the National Institutes of Health. She is a nonresident fellow of the Migration Policy Institute.

    ref. Who are immigrants to the US, where do they come from and where do they live? – https://theconversation.com/who-are-immigrants-to-the-us-where-do-they-come-from-and-where-do-they-live-247430

    MIL OSI – Global Reports

  • MIL-OSI USA: McConnell Proud to Confirm Collins as VA Secretary

    US Senate News:

    Source: United States Senator for Kentucky Mitch McConnell

    Washington, D.C.U.S. Senator Mitch McConnell (R-KY) issued the following statement today regarding the confirmation of Doug Collins as U.S. Secretary of Veterans Affairs:

    “After four years of gross mismanagement, America has important work to do to restore accountability and transparency to the Department of Veterans Affairs. As a veteran himself and current Chaplain and Colonel in the Air Force Reserves, Secretary Collins knows first-hand the challenges our veterans face and where our government has fallen short in serving our servicemen and women. Ensuring America’s veterans receive timely and quality care is the least we can do to help repay these heroes. I’m confident Secretary Collins is up to the task.”

    MIL OSI USA News

  • MIL-OSI USA: State Lawmakers, Lt. Governor Primavera & Colorado Health Care Workers & Providers to Discuss Comprehensive Plans to Protect Safety-Net Providers, Save People Money on Health Care

    Source: US State of Colorado

    Safety Net Providers on The Frontlines of Serving Communities in Denver and Across Colorado Are Nearing Financial Crisis

    DENVER — Today, as community health centers and other vital providers struggle to stay open amid tightening budgets, jeopardizing care for many Coloradans, Lt. Governor Primavera partnered with Representative Kyle Brown, Colorado health care workers, and providers to discuss a forthcoming piece of legislation to address the growing cost challenges faced by safety net health care providers while reducing health care costs for state employees and small businesses.

    “We’ve made progress in lowering the cost of health care and insurance for hardworking families but the reality is Coloradans are still paying too much. More work is needed, especially to support our low-cost, high-quality community health clinics,” said Lt. Governor and Director of the Office of Saving People Money on Health Care, Dianne Primavera. “This new proposal is a common-sense solution that prioritizes affordability and access while ensuring our safety net providers can continue delivering care to those who need it most.”

    Coloradans with commercial insurance pay nearly three times what Medicare reimburses hospitals for the same care.

    Safety net providers include primary care and family clinics that provide critical health care to communities across Colorado – like seniors, hardworking families, and rural Coloradans.

    “We’ve made important progress to save Coloradans money on health care, and by tackling this issue, we can continue to drive down prices and reduce costs for Coloradans,” said Rep. Kyle Brown, D-Louisville. “New legislation I am sponsoring will support our local safety net providers, which often serve our more vulnerable community members, and save small businesses money on health care coverage. We’re making it easier for Coloradans to receive the high-quality health care they need, when they need it, while improving the financial health of our safety net and critical access providers.”

    “We’ve worked hard here in Colorado to bring down the cost of health care so that no matter how much you make or where you live, you can get affordable, quality care,” said Senator Jeff Bridges, D-Arapahoe County. “With this legislation, we’re taking an innovative and proven approach to fund our safety net providers across the state, who are often the only medical providers in their regions. At the same time, our bill will cut insurance premiums paid by small businesses and their employees. By capping hospital payments at an amount below what private insurance can negotiate, but still above what those hospitals need to cover their costs, we can protect our budget while putting those savings directly into the pockets of Coloradans.”

    “While our multi-year efforts have saved Coloradans money on health care, cost continues to be a barrier to access care in Colorado” said Rep. Emily Sirota, D-Denver. “This legislation supports Colorado’s safety net providers, such as community clinics, that provide essential health care to our most vulnerable community members. This bill will drive down costs to the state, save small businesses money, and boost health care access for our neighbors.”

    “This bill is an innovative way to reduce health care costs for all Coloradans – from our cities to our rural communities,” said Senator Iman Jodeh, D-Aurora. “The same medical test or procedure should cost roughly the same thing no matter where you get it or what type of insurance you have, but under current law, health care corporations and hospitals can charge different amounts to different people. This bill is a step toward prioritizing affordable, accessible care for all.”

    The new bill, which will be introduced in the coming days following additional stakeholder conversations, will support safety net providers and reduce costs for small businesses by:

    • Establishing reimbursement maximums for in-network (165% of Medicare) and out-of-network (150% of Medicare) on prices paid to certain hospitals through the state employee health plan and the small group market.
    • Establishing a floor for primary care and behavioral health services (135% of Medicare) through the state employee health plan and small group market.
    • A feasibility study is required to explore the option for local governments and school districts to participate in a similar reimbursement limit.

    The new bill will be introduced in the House. It will support safety net providers by redirecting funds to critical community health centers and providers that serve Coloradans where and when they need care. State employees and small business owners will save money on health care premiums and out-of-pocket costs without compromising care quality. This bill will also protect the state budget as tens of millions of dollars are expected to be diverted to the health care safety net and to help state employees with minimal impact on hospital margins.

    Similar policies in states like Oregon and Montana have proven effective, saving state employees money while relieving budget pressures. Colorado is poised to join these states in leading the charge for equitable and sustainable health care reform.

    ###

     

    MIL OSI USA News

  • MIL-OSI United Nations: Experts of the Committee on the Elimination of Discrimination against Women Commend the Democratic Republic of the Congo on Steps Taken to Provide Healthcare to Victims of Conflict-Related Sexual Violence, Ask about Reparations for Victims and the Protect

    Source: United Nations – Geneva

    The Committee on the Elimination of Discrimination against Women today concluded its consideration of the report of the Democratic Republic of the Congo on sexual violence in armed conflict in the eastern part of the country, presented under its exceptional reporting procedure. 

    Committee Experts commended the State for the healthcare delivered to victims of conflict-related sexual violence, while asking about reparations for victims and how women seeking firewood and other resources in nature reserves could be protected

    A Committee Expert congratulated the State party for steps taken in the areas of healthcare. The Committee hailed the adoption of decree 23/9, which provided for the creation of multisectoral care for survivors of sexual-related violence.  The establishment of mobile clinics in internally displaced persons camps should be commended, as well as the distribution of post-rape kits by midwives. 

    Another Expert said the State party should be commended for enacting the fund for conflict-related sexual violence.  How did it operate and how many victims had benefitted from it?  What steps were being undertaken to ensure adequate resources to implement a victim-centred transitional justice mechanism? 

    A Committee Expert said as Goma was under siege, the most pressing issue was water.  How would the State install water distribution centres while ensuring the protection of women collecting the water?  Many women trekked from Goma in search of firewood, but instead were found by gunmen and faced rape.  Were there park rangers trained in violence prevention who were gender-sensitive and conscious of the epidemic of violence?  The proliferation of small arms and light weapons often claimed the lives of women and girls foraging for food and firewood; how was their illegal trading being addressed? 

     

    The delegation said victims were active participants in the reparation process.  A law implemented in 2022, which provided protection and reparation to victims of sexual violence, mandated a three per cent fixed amount to be sent to organizations for female victims to provide reparations.  Work was done with women at the local level to ensure their full participation.  More than 220,000 victims had been identified, including displaced persons. 

       

    Regarding the situation in the nature reserves in the east of the country, the delegation said this had become a ground for armed groups operating in the area.  Programmes were in place to address practical needs, including safe drinking water for persons in internally displaced persons camps, to ensure there was no need to forage further afield.  Steps had been taken to strengthen protection in the park areas, with regular security patrolling the areas, and keeping note of where women were located.  Awareness raising campaigns were being conducted to highlight the risks women faced when collecting firewood alone.  Women were provided with micro-credits to generate alternative income streams, allowing them to pay for resources such as firewood and water, rather than searching for them themselves. 

    Introducing the report, Chantal Chambu Mwavita, Minister for Human Rights of the Democratic Republic of the Congo and head of the delegation, called for a minute of silence to be observed for the victims of the conflict.  The special report being presented today on sexual violence in armed conflict in the eastern part of the country had been drafted at the request of the Committee.  The Congolese Government was committed to the prevention and suppression of sexual violence in times of conflict.

    Since the submission of the report, at least 945 police staff members had been deployed in areas where the United Nations Organization Stabilisation Mission in the Democratic Republic of the Congo (MONUSCO) had withdrawn to protect the civilian population.  The Government had adopted a national action plan, which included measures aimed at preventing violence against women in armed conflict.  The Minister said the Committee should support the creation of an international criminal tribunal for the Democratic Republic of the Congo to prosecute those responsible for sexual violence. 

    In closing remarks, Ms. Chambu Mwavita said it was an honour to be with the Committee to speak about the situation in the country.  The Democratic Republic of the Congo needed support.  The country had faced the aggression of its neighbour Rwanda for more than 30 years.  The dialogue today presented an opportunity to ask for unity and for efforts to respect the United Nations Charter.

    In her closing remarks, Nahla Haidar, Committee Chair, thanked the delegation for the constructive dialogue despite the difficult situation being faced in the country. The Committee expressed its solidarity with the Democratic Republic of the Congo and commended the State party for the efforts it had already taken. 

    The delegation of the Democratic Republic of the Congo was comprised of representatives from the Ministry of Human Rights; the Ministry of Foreign Affairs; the Ministry of Gender; the National Assembly; the Coordination Body on Youth, Gender and Violence against Women and Trafficking in Persons; the High Military Court; the Superior Council of the Judiciary; the Secretary General for Human Rights; the Commission for Inter-Institutional Victim Assistance and Reform Support Organization; the Assistant to the Chief of Staff of the Head of State and Focal Point for Sexual Violence; Gender and Sexual Violence in Conflict Zones Specialist; the National Assembly; the Directorate of Access to Justice; the Congolese National Police; the Head of State Security; and the Permanent Mission of the Democratic Republic of the Congo to the United Nations Office at Geneva. 

    The Committee on the Elimination of Discrimination against Women’s ninetieth session is being held from 3 to 21 February.  All documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet at 10 a.m. on Wednesday, 5 February, to begin its consideration of the seventh periodic report of Nepal (CEDAW/C/NPL/7).

    Report

    The Committee has before it the report of the Democratic Republic of the Congo presented under the Committee’s exceptional reporting procedure (CEDAW/C/COD/EP/1).

    Presentation of Report

    CHANTAL CHAMBU MWAVITA, Minister for Human Rights of the Democratic Republic of the Congo and head of the delegation, called for a minute of silence to be observed for the victims of the conflict.  The delegation was presenting the report at a particular moment in time when the territory of North Kivu and South Kivu and Ituri was being torn apart by acts of violence, targeting the civilian population and civilian infrastructure, perpetrated by the Rwandan army and the M23 armed group.  Rwanda was a party to the Convention and was directly responsible for these crimes. 

    Various reports from the United Nations and witness statements from survivors of sexual conflict showed that thousands of women and girls had been victims of rape, mutilation and other types of inhumane violence.  These atrocities not only affected displaced persons, but were also taking place at homes, schools and in prisons.  Now Goma and its surroundings had been taken by the M23 army and other parts of Kivu were being besieged.  If the international community did not take urgent measures, there could be the spread of a cycle of violence against women and girls. 

    The special report being presented today on sexual violence in armed conflict in the eastern part of the country had been drafted at the request of the Committee.  The Congolese Government was committed to the prevention and suppression of sexual violence in times of conflict.  Since the submission of the report, at least 945 police staff members had been deployed in areas where the United Nations Organization Stabilisation Mission in the Democratic Republic of the Congo (MONUSCO) had withdrawn to protect the civilian population.  They had been trained to protect people against sexual violence. 

    The Government had adopted a national action plan, which included measures aimed at preventing violence against women in armed conflict.  In 2024, over 1,030 cases were reported and prosecuted by police in South Kivu.  Rulings had been handed down, including under military jurisdiction, where reparations were provided for victims.  The Ministry of Human Rights had pledged to conclude military amendments for transitional justice in the country. 

    The Government was making combatting violence against women the number one priority.  National funds had been developed, providing reparation and health care to the survivors.  Mobile clinics had established health care near areas controlled by the Rwandan army and the M23.  The efforts to protect victims from sexual violence were being undermined by the increased attacks by the Rwandan army and M23, as they had stepped up their military efforts and attacks against civilians.  Two weeks ago, a Rwandan military offensive backed by M23 had resulted in the escape of over 3,000 prisoners from Goma’s central prison, the proliferation of light arms, infrastructure damage, rapes of 163 women held in the prison who were set alight while alive, pillaging of legal buildings, attacks on women defending women victims of violence, and the bombing of the maternal hospital in Goma which led to the deaths of pregnant women and women who had just given birth.

    The Minister said it was essential for the Committee to provide support without delay to women survivors of sexual violence who were in areas occupied by the Rwandan army and the M23.  The Committee should strongly condemn the occupation of Congolese territory by the Rwandan army and the M23, and actively advocate for sanctions against them.  The Committee should support the creation of an international criminal tribunal for the Democratic Republic of the Congo to prosecute those responsible for sexual violence.  The delegation was here to support the United Nations Charter and put an end to the war in the country. 

    NAHLA HAIDAR, Committee Chair, said the Committee stood with the delegation and the people of the Democratic of the Congo during this difficult time. 

     

    GISÈLE KAPINGA NTUMBA, National Human Rights Commissioner and head of the delegation of the National Human Rights Commission of the Democratic Republic of the Congo, saluted the delegation, which had spared no effort to take part in the session, despite the situation in the country.  The Commission welcomed the decisions taken by the Congolese Government to protect the civilian population from the risks of sexual violence and other related human rights violations committed by the parties to the ongoing conflict in the east of the country.  However, it remained concerned about the implementation of the decisions taken and their deterrent nature, particularly with regard to armed groups and the Rwandan army, which were not concerned by these decisions. 

    One of the major challenges for the Government was the security of and humanitarian assistance for the civilian population, both in areas besieged by armed groups and in camps for displaced persons.  The recent invasion and unprecedented assault on the city of Goma by the M23 rebels and the Rwandan army demonstrated the magnitude of the challenge and had led to systematic and widespread violations of human rights and international humanitarian law, with women and children as primary targets.

    At least 700 people had died in Goma since the invasion, and about 500,000 people had been displaced, the majority of whom were women and children.  Sexual violence had reached its peak and health care facilities were overwhelmed.  The city had not been under the control of the Congolese Government, in violation of the principle of Congolese State sovereignty, since the invasion.

    Taking into account the current context, the Commission recommended that the Congolese State use all its powers to restore peace in the east by favouring diplomatic channels and the peaceful settlement of the conflict.  At the International Criminal Court, it was recommended that criminal proceedings be initiated against the leaders of the M23 and the Rwandan army for the various acts constituting war crimes and crimes against humanity perpetrated in Goma and its surroundings.  Finally, at the United Nations Security Council, the Commission recommended that targeted sanctions be taken against Rwanda and that everything be done to bring peace to the eastern Democratic Republic of the Congo.

    Questions by Committee Experts

    BRENDA AKIA, Committee Expert and Country Rapporteur for the Democratic Republic of the Congo, said the Committee members extended their heartfelt condolences to the Democratic Republic the Congo, and condemned the violence being experienced by women and girls in the country.  Ms. Akia commended the Government for the commitment to being part of the dialogue, the progress made in human rights, and the measures taken to tackle sexual violence.  Could the State party provide specific information on the different forms of conflict-related sexual violence currently being committed against women and girls?   

    An urgent political response was needed to ensure peace and security in the eastern Democratic Republic of the Congo.  Given the complexity of the conflict, fuelled by the exploitation of minerals and the existence of armed groups, what strategies was the State party undertaking to push for peace in the country, and ensure the protection of women and girls under international humanitarian law?  What was being done to end the illicit exploitation of these minerals? The Committee commended the State party for the actions taken so far; what were the challenges faced in implementing these legal and policy frameworks?  What resources would the State party require to implement these frameworks?

    A Committee Expert said the Democratic Republic of the Congo was resource-rich, which was often a curse, having fuelled the conflict and sexual violence.  Several pieces of legislation had been passed with the aim of regulating the trade of minerals and armed conflict in the area.  How were extraterritorial actors, including businesses, being held accountable so they did not avoid impunity? 

    Responses by the Delegation

    The delegation said the illicit mining was one of the main causes of the crisis in the eastern part of the country.  The Government had enacted several measures to turn this situation around, but the major challenge was that the mines were under the control of armed groups as well as foreign States that were involving themselves in the conflict.  The Government was taking steps to ensure the certification of certain mining operations, but it was difficult to ensure this was a widespread approach.  The Government was hindered by the conflict and its economic pressure and the difficulty of imposing Government initiatives in areas controlled by rebel groups and foreign States, due to the lack of administrative control.

    The financial issues were a challenge, including for implementing transitional justice mechanisms, which was why an appeal had been made to States for support in this regard. Impunity needed to be tackled head on; the perpetrators of these crimes could not go unpunished.  Steps needed to be taken to bear pressure on other States involved in the conflict, including by sheltering perpetrators.  The Democratic Republic of the Congo was calling for an international criminal tribunal to ensure all involved, regardless of their location, could be apprehended.  When rapes had occurred in Goma, any measures taken by the Government to deal with this were difficult to enact, as other parties were now in charge of Goma. 

    In the conflict areas, women were principally being used by armed groups and other combatants to serve as sexual slaves.  This could result in forced pregnancies and exposure to sexually transmitted diseases. Women being held by these armed groups also did not have access to relevant and necessary health care.  A coordination unit had tracked 10 forms of sexual violence, including rape, human trafficking, sexual mutilation, public sexual violence and humiliation, including women whose sons had been forced to rape them in public, public sexual violence against men and boys, gang rape, transmission of HIV/AIDS as a result of rape, and stigmatisation as a result of the sexual violence, among others. 

    There was also a form of sexual violence deliberately targeting children, particularly young girls. The State had also seen sexual violence used as a weapon of war, which had been ongoing since 2011, when the country was first described as “the world rape capital”. 

    To ensure a better management of its natural resources, the Democratic Republic of the Congo participated in multiple inter-State cooperation efforts to ensure the tracing of natural resources, including those exploited via mining. One included the Kimberly Process for the tracing of diamonds.  The difficulty lay in the application of these pieces of legislation, as the majority of the areas where these resources were found were occupied by Rwanda in the eastern part of the country.  For this reason, it was difficult for the State to exercise its full sovereignty and ensure the traceability of resources.

    Questions by Committee Experts

    A Committee Expert thanked the members of the delegation for their presence, despite the dire situation.  Many women in the Democratic Republic of the Congo faced marginalisation from the peace and security processes.  The weak rule of law, and the impunity for perpetrators of violence and gender-based violence, continued to undermine women’s involvement in the peace and security agenda.  The Expert was happy to note that the third national action plan on women, peace and security had been adopted in 2024; when did it come into effect?  How were women’s organizations and victims engaged in its implementation?  What were the key objectives of the plan?  What concrete plans existed to address the situation of impunity?  What concrete measures were being undertaken to ensure the effective participation of women’s organizations and victims of sexual violence in policies and frameworks relating to women, peace and security? 

    The State party should be commended for enacting the fund for conflict-related sexual violence. How did it operate and how many victims had benefitted from it?  What steps were being undertaken to ensure adequate resources to implement a victim-centred transitional justice mechanism?  Given the withdrawal of the United Nations Organization Stabilisation Mission in the Democratic Republic of the Congo (MONUSCO), how would the Government’s transition plan fill this void?  Was there any data on women’s direct participation in negotiation processes for peacebuilding? 

    Responses by the Delegation

    The delegation said victims were active participants in the reparation process.  A law implemented in 2022, which provided protection and reparation to victims of sexual violence, mandated a three per cent fixed amount to be sent to organizations for female victims to provide reparations.  Work was done with women at the local level to ensure their full participation.  More than 220,000 victims had been identified, including displaced persons.  The situation of displaced persons had been catastrophic and required immediate assistance, with emergency measures implemented for this group, including holistic care, medical psychosocial care, and legal assistance and support; 49 per cent of people recorded came from North Kivu.  The situation was constantly changing which made it difficult to respond to. Rigorous monitoring and management efforts were taken to ensure victims were at the heart of responses, with the majority of resources gathered being dispersed as reparations.  Regular consultations were held with victims groups every three months. 

    The third national action plan on women, peace and security was approved in 2024 and included activities to improve the level of women’s participation.  For the first time in the country, there was a female Prime Minister and 32 per cent of those occupying high-level positions in the Government were women.  Awareness-raising campaigns were carried out to raise awareness of women’s rights, prevent sexual violence, and protect women and young girls from gender-based violence. The most recent plan had 26 million dollars earmarked, which had been provided by the Government, public and private partners and international partners, including Norway.  Innovative aspects had been included within the plan, including an aspect of positive masculinity. 

    The withdrawal of the United Nations Organization Stabilisation Mission in the Democratic Republic of the Congo (MONUSCO) from the Democratic Republic of the Congo began in 2021.  The withdrawal plan was supported by the Peace Consolidation Fund, to support the country when the Mission withdrew and bolster peace efforts.  This approach was inclusive, involving civil society and actively promoting cohesion among women’s organizations. 

    Since 2018, there had been an increase in women in decision-making positions, due to an introduction of measures to promote gender equality, as well as this being enshrined within the country’s Constitution. 

     

    Questions by Committee Experts

    A Committee Expert said the Democratic Republic of the Congo had ratified the Convention almost 40 years ago.  During this time, how had women’s participation in the political process changed? How many people were in top positions in the country?  Women and girls in the Democratic Republic of the Congo remained underrepresented in all spheres, including in the private sector.  Out of 500 members of Parliament, only 14 per cent of them were women. 

    A roadmap had been adopted up to 2028 to prevent violence in politics.  What steps were being taken to guarantee more women taking part in legislative bodies?  What was being done to eliminate violence in electoral processes?  How were women candidates being protected?  Taking into consideration the extreme violence in the eastern part of the country, it seemed difficult to foresee, but when would there be net parity in the representation of the Democratic Republic of the Congo?

    Responses by the Delegation

    The delegation said a campaign had been spearheaded for positive masculinity. There was now a female Prime Minister and women occupied key decision-making and ministerial posts within the Government, including as the Minister of Foreign Affairs. This year, all party leaders were called upon to ensure 50 per cent of female candidates in their electoral lists in scheduled elections.  These lists would be excused from having to pay the electoral fee, which was an incentive to guarantee more female candidates. 

    Steps had been taken at the electoral and appointed level to push for the stated goal of parity. However, it was another thing to ensure that the female candidates were elected as representatives or senators. The authorities had more control on appointing women to specific posts, rather than ensuring they were elected by voters.  A rule had been enacted to ensure parity with Director-Generals and Deputy Director-Generals, whereby every time a man was appointed to this position, so was a woman, and vice versa.  To ensure more female members of Parliament, women had to be able to persuade the local population to vote for them.  Hearts and minds needed to be changed at the grassroots level, but this was happening gradually.  Having more female leaders would go a long way to changing the electoral environment. 

    During the most recent elections, a programme was rolled out to address electoral violence in the eastern part of the country, and boost capacity for women who wanted to stand as electoral candidates.  Programmes were also rolled out targeting key communities and regions at a grassroots level. Awareness-raising was being carried out in villages to address the entrenched views within the country. Women female candidates often lacked resources, so it was important to engage in capacity building so they could undertake fundraising.  The process towards the drive towards parity was closely tied to the existence of legal instruments.  The Democratic Republic of the Congo was making efforts to promote women’s participation at all levels. 

    Legal and regulatory frameworks were in place under Congolese electoral law to protect female candidates.  A specialised police unit and the military were deployed to regions to ensure violence was not being inflicted on female candidates, and the police received special training in this regard.  Special campaigns were carried out to raise awareness of gender-based violence in elections and encourage female candidates to report this phenomenon.  The prevailing conflict hampered the opportunities to change the sociological and cultural mindsets within the country.  Of the 5,000 judges in the country, around 25 per cent were now women, when previously it had been almost zero.  To achieve this goal, women had been prioritised in recruitment drives.  There was a lack of trust in women’s competence which needed to be addressed. The State was exhausted by the war which was standing in the way of the process. 

    Questions by a Committee Expert

    A Committee Expert said given the link between armed conflict and the climate crisis, could reparations be expanded to include climate-change related violence against women? In March 2021, the International Criminal Court had issued its first order for reparations for victims of sexual violence in the Democratic Republic of the Congo.  Did the reparation fund provide funds for children born out of rape? Last year, a member of the militia was sentenced to imprisonment for life for crimes against humanity, due to forced pregnancy, which was a global first and should be congratulated.  Did the Penal Code address the 10 categories of sexual violence previously mentioned?  How did the Code help shift the stigma from the victim to the perpetrator? As Goma was under siege, the most pressing issue was water.  How would the State install water distribution centres while ensuring the protection of women collecting the water?

    Many women trekked from Goma in search of firewood, but instead were found by gunmen and faced rape.  Were there park rangers trained in violence prevention, who were gender-sensitive and conscious of the epidemic of violence?  The proliferation of small arms and light weapons often claimed the lives of women and girls foraging for food and firewood; how was their illegal trading being addressed?  It was estimated that the country faced acute food insecurity and was at the tipping point of famine.  How was a humanitarian corridor for access to food, water and medical supplies being established?  Unfortunately, in the Democratic Republic of the Congo, food insecurity resulted in “famine brides”, particularly women and girls with disabilities, who were denied food and medicine and sold in sexual slavery.   

    Responses by the Delegation

    One speaker from the delegation said she had been raped during the war, and hearing the recent news was triggering many emotions.  At the time she had been a child; now she was 28 and it continued to haunt her.  It was vital for the reparation fund and other programmes which aimed to provide reparations to victims, to target children born in conflict, children born from rape, and children who witnessed conflict.  The Child and Youth Programme granted children who came from conflict or rape administrative documents.  Medical care, psychosocial assistance and social support, including access to education, was provided to children.  Laws were in place to ensure that those involved in the conflict would not be able to hold decision-making positions or receive any benefits. 

    M23 and the Rwandan Government had destroyed the displaced persons camps around Goma, depriving these people of their legitimate rights to protection.  The Government, with international partners, had made great efforts to help people establish these camps and have the bare necessities, but they were being destroyed.  It had become impossible to find a single shelter for displaced people in these areas. So many efforts had been made, with little results, as the Government could not control the area.  The speaker asked the international community to speak on behalf of victims, so that their voices were heard. 

    The State was working with the United Nations Children’s Fund, the United Kingdom and others to develop a tool to identify children born from rape.  This would not just help children from the Democratic Republic of the Congo, but also children born from rape in Sudan, Ukraine and other parts of the world.  The Democratic Republic of the Congo was expecting a third wave of children born from rape, who would ask who their parents were.  There needed to be measures to ensure this did not happen again. It was difficult to bring down the number of light weapons. 

    There was an undeniable link between sexual violence against women and economisation. Regarding the situation in the nature reserves in the east of the country, this had become a ground for armed groups operating in the area.  One of the consequences of climate change was the energy crisis, meaning firewood and charcoal carbon were the energy resources sought by women and girls, who regularly fell victim to the armed groups, and were raped while seeking to meet their energy needs.  There were units responsible for protecting the reserves, but the light weapons they were armed with were no match for the firepower of the armed groups, who could then wreak havoc on the nature reserves.  The guards in the reserves were not equipped to protect the women searching for firewood and the Government did not have the ability to intervene as these areas were controlled by Rwanda.  Many of these parks and forests were registered as national heritage sites by the United Nations Educational, Scientific and Cultural Organization.  The impact of this part of the conflict needed to be properly understood and measured. 

    A programme had been developed to ensure youths were not tempted by the recruitment of the armed groups, and to provide for the needs of internally displaced persons and ensure their reintegration in their host communities.  The programme also targeted ex-combatants but excluded those who had taken arms against the Democratic Republic of the Congo.  A woman was a member of the leadership board on this programme. 

    Programmes were in place to address practical needs, including safe drinking water for persons in internally displaced persons camps, to ensure there was no need to forage further afield.  The war had hampered these endeavours, as many internally displaced persons were now fleeing from camps, and it was difficult to identify them.  Steps had been taken to strengthen protection in the park areas, with regular security patrolling the areas, and keeping note of where women were located.  The State was also seeking to address the issue of reforestation, by encouraging women to engage directly in sustainable forest management. 

    Awareness raising campaigns were being conducted to highlight the risks women faced when collecting firewood alone.  Women were provided with micro-credits to generate alternative income streams, allowing them to pay for resources such as firewood and water, rather than searching for them themselves.  A hotline was established, where women could call to report instances of rape or violence, and they were offered psychological assistance and support. Women were also taught how to have access to water and sustainably manage it, and water purification tablets were distributed to women, to ensure their water was drinkable.  Work was being done with local and international partners to bolster women’s protection systems and their sustainable natural management systems. 

    Steps were being taken to tackle food insecurity which was prevalent in the eastern part of the country, including through establishing canteens for displaced persons. The Government placed special emphasis on tackling the trading of small arms and light weapons, but this was often disregarded by States.  However, the Government sometimes had to disregard control measures themselves to ensure they were equipped to fight against the Rwandan army and M23.  It was important to note that the State was not refusing dialogue with the armed groups, but they would not re-enter former rebel combatants into the armed forces.  However, the State was willing to engage in dialogue with these groups, under the Nairobi agreement. 

    Questions by Committee Experts

    An Expert said it was important that women were included in the Nairobi peace process. It was vital to document evidence and women’s narratives for women’s legal action.  The Congo basin was “the lungs of Africa” and it was important that it was protected to ensure the Sustainable Development Goals.  The Democratic Republic of the Congo had reintroduced the death penalty in January this year to address the wave of gang violence. It was hoped this would be reconsidered. 

    BRENDA AKIA, Committee Expert and Country Rapporteur for the Democratic Republic of the Congo, commended the State party for justice efforts taken to end impunity for conflict-related sexual violence, including the mobile courts which had led to the prosecution of numerous perpetrators.  Given the high level of sexual violence, the number of convictions were not commensurate.  Was the State party considering other jurisdiction methods to ensure perpetrators who passed through the porous borders in the regions would be prosecuted and held accountable? 

    The State party should emphasise in the Nairobi peace process negotiations the conflict-related sexual violence experienced by women and girls and the importance of gathering evidence for seeking justice.  How was the State party investing in strengthening the rule of law to ensure access to quality and affordable justice, including access to legal aid for victims of conflict-related sexual violence?  Could the State party provide data on the number of investigations, arrests, arrest warrants and successful convictions handed down against victims? Ms. Akia commended the State party for the commitment to the peace process

    Responses by the Delegation

    The delegation said that following some complaints received by the Government, a Commission was established to look into alleged violations by members of law enforcement. In Goma, around 30 members of law enforcement had been judged.  Given the recent situation of the prison break, the whereabouts of these individuals was currently unknown.  The difficulty was related to the international nature of the crisis; even if domestic mechanisms would be established, there were international elements which needed to be addressed.  For the Government, the reinstation of the death penalty was an administrative deterrent measure for the situation in the eastern part of the country.  No executions had been carried out so far. 

    Justice was provided free of charge for victims of conflict-related sexual violence, practically and legislatively.  Many women did not want to present their cases before courts as they feared stigmatisation, and they also faced difficulty in access to justice, which explained the discrepancy between the number of cases of sexual violence reported and the number convicted.  Often times, victims could not pay for legal proceedings and did not understand how the courts operated, which presented further challenges.  The State party was aiming to remove some of these barriers, including by making access to the justice system free of charge.  Now, in the east of the country, this was the situation.  At the same time, legal assistance could be provided to victims. 

    Questions by a Committee Expert

    A Committee Expert expressed solidarity and deep sadness for the tragic loss of life within the State party.  Could the State party provide information on what measures were being taken to ensure adequate capacity to strengthen coordination among duty-bearers responsible for preventing conflict-related sexual violence, including judges and prosecutors, among others?  What incentives had been applied to increase the recruitment of judges and prosecutors so that they could handle the backlog of conflict-related sexual violence cases, particularly in rural areas?  How often were duty-bearers responsible for combatting conflict-related sexual violence? How often was training conducted and what did it entail?  How often was the Convention incorporated in the training? 

    Responses by the Delegation

    The delegation said according to the 2024 law on the status of judges, judges learned about several topics during their training, including sexual violence.  From the moment Congolese judges were appointed, they could begin to work on repressing sexual violence.  Following the ratification of the Convention, the Democratic Republic of the Congo had had to adapt its legal framework. 

    In areas of conflict, it would be difficult to provide statistical figures, as courts and legal buildings had been destroyed, meaning it was difficult to follow-up on written cases. The National Strategy to Combat Gender-Based Violence had been rolled out initially in 2010, was revised in 2019, and was being reviewed currently to see if it needed to be tailored to the existing context.  In 2019, the National Police drew up a national plan to tackle sexual violence, which contained a chapter outlining the modalities to be followed when it came to interviewing victims and witnesses. 

    The statue on the recruitment of judges covered lawyers who worked in the Attorney-General’s Office.  Around two thirds of magistrates recruited by the Office in 2023 would be reappointed to serve as judges in district courts.  There were more than nine instances of action criminalised as sexual violence, which were heard before the Peace Courts.  These cases were being heard whenever possible in local district courts.  This was a way used by the Government to address the backlog of cases.  Female mediators were currently being trained by Member States of the Southern African Community. 

    Questions by Committee Experts

    A Committee Expert said conflict-affected mining grounds saw high levels of sexual slavery, fuelled by money from the mineral trade.  Human trafficking remained a worrying phenomenon in certain parts of the country.  How did the State party ensure that complaints of trafficking were handled appropriately and that victims themselves were not penalised?  How would the State party prevent trafficking of persons by members of the armed groups?  Were there plans to increase the number of shelters for female victims of human trafficking? 

    Another Expert said the Committee encouraged the State party’s efforts in the face of the resurgence of conflict.  Between January 2022 and March 2023, more than 100 schools had stopped operating due to the deteriorating security situation.  The Committee understood that educational activities were extremely difficult during the ongoing situation.  Was there an education policy for displaced women and girls?  Was education considered part of the services provided to survivors of conflict-related sexual violence?  What were the education plans for all levels of the system?  Were school age pregnant girls and mothers able to attend schools and access education? The Expert was pleased to hear of the State party’s approach to positive masculinity.  Young males were easy targets for recruitment into armed groups. Did gender-responsive education exist within the school and university systems, the armed forces, and State systems?

    Responses by the Delegation

    The delegation said as of last week, there were more than seven million internally displaced persons in the Democratic Republic of the Congo who were lacking aid, which presented a major crisis for the country.  Since 2019, the President had set up the National Agency to tackle the issue of human trafficking.  An expanded Technical Commission had been established to engage in discussions and debate.  In conflict zones, women and children were increasingly vulnerable to sexual exploitation. There was an increasing number of brothels in and around Goma, and in mining areas as well.  Those who worked there were victims, who had no other choice. There was a significant amount of forced labour in the mines, with a substantial number being children.  There were also many child combatants in the armed groups who had been tricked into joining them. 

    There was significant corruption surrounding human trafficking; the Government fully understood this issue and was attempting to tackle it head on.  The current political instability and the mass of displaced persons gave traffickers cover to carry out their activities.  The Government was doing its utmost to combat human trafficking and was working closely with the United Nations Office in Vienna.  The State had managed to stabilise the situation, but recognised there was still significant work to be done. 

    The Government had been able to rebuild around 20 schools which had been destroyed.  The approach to education always mainstreamed a gender dimension, and took into account the specific needs of women and girls. The major issue was the sheer number of displaced persons, with more than half of them women and children. The State was doing its utmost to ensure women and girls had access to education. 

    Questions by Committee Experts

    A Committee Expert congratulated the State party for steps taken in the area of healthcare. The Committee hailed the adoption of decree 23/9, which provided for the creation of multisectoral care for survivors of sexual-related violence.  The establishment of mobile clinics in camps for internally displaced people should be commended, as well as the distribution of post-rape kits by midwives. Could more data be provided, including the number of health care facilities built, the number of victims treated, the number of kits being distributed, and the training rate of those trained?

    Another Expert said in some contexts armed groups used child marriage as a weapon of war to hide human trafficking, with a very small percentage of cases brought to light. What special urgent actions was the State taking to counter this regrettable situation?  What were legal institutions doing to prevent child and forced marriages?  Was awareness being raised among the families to teach them about their rights?  Was current legislation being enforced?  How was security being provided to the victims? 

    NAHLA HAIDAR, Committee Chair, asked about the mass displacement of people; how were these people documented? 

    Responses by the Delegation

    The delegation said the legal instruments on sexual violence, particularly the law on children, stipulated how the system was regulated.  The Government did not have control over this part of the country, and it hurt that they could not answer questions about things happening on their land. The mechanisms existed, but the State could not enforce its own legal instruments because it did not have control over the territory. 

    Forced marriage carried a sentence of 20 years in prison for anyone responsible, including a parent or head of a tribe.  There were also awareness campaigns being carried out on forced marriage and human trafficking.  Institutions took cases of forced marriages very seriously.  A State official would not grant a marriage license without verifying the age of those seeking marriage.  A provincial action plan was in place for areas where there were high rates of early and forced marriages.  The police had put together an action plan against sexual violence which considered the child.  The Democratic Republic of the Congo had set up free programmes to provide education on child marriage.

     

    The State did not have access to areas under control of the Rwandan army and armed forces. Rehabilitation had been provided to displaced persons, but there were seven million displaced persons, which meant that the Government could not look after everyone.  Over 10,000 displaced persons had received medical care under a programme, but unfortunately the Government had to close this programme due to the war.  There was a budget in place to assist displaced persons.  Before the war, actions had been taken by the Government in land currently under Rwandese occupation. 

    This dialogue could be an opportunity to appeal to the international community for financial assistance to improve the State’s humanitarian response to the crisis. 

    Questions by a Committee Expert

    A Committee Expert said due to the humanitarian crisis and high levels of poverty, high levels of food insecurity persisted, disproportionately affecting women and girls. In some cases, women were raped, mutilated, killed or burned.  Data was needed for the State party to be able to take measures.  Could disaggregated data be provided on the number of women and girls who were victims of conflict-related sexual violence in camps in the eastern part of the country?  What actions were applied by the State party to upgrade gender-specific security measures in and around these protection sites?  How did the State party sustain an emergency response for women and girls fleeing the conflict?  What specific education and training had been provided for peace? How was awareness raising undertaken in the eastern Democratic Republic of the Congo, reaffirming peace and tolerance? 

    Responses by the Delegation

    The delegation said Governments bore the responsibility of protecting their citizens. They should not be persecuting their people.  The country had been caught up in a crisis for the past three decades.  The programmes put in place demonstrated the commitment of the Government to restore children who had been educated in the culture of killing and war.  Before Goma fell, the Government had enacted measures to ensure security of the internally displaced person camps, including preventing people with no business in the camps from entering and installing security controls around the camps. Unfortunately, these efforts had proven to be in vain.  An action plan had been rolled out to bolster the humanitarian response, with a key component of the strategy focused on tackling gender-based violence. 

    Questions by a Committee Expert

    A Committee Expert asked what proportion of the extractive industry was owned and led by women? What role did women play in supply chains in key sectors?  How was legislation being reformed for companies investing and trading in the extractive industry?  How was the State party providing necessary oversight through the licensing of the private sector?  How did public and private partnership projects explicitly promote and protect women’s rights?  How were appropriate social buffers provided to cushion the impact of war on women?   

    Responses by the Delegation

    The delegation said the State had begun the process of victim identification, and 54 per cent of victims identified were women.  This meant these women could benefit from reparations if they arrived at the end of the process.  No woman victim would be deprived of her right to reparation or remedy. 

    In the Congolese mining agreements and the forestry code, there was a legal mechanism in place, called the social clause.  Whatever resources were being exploited, no part of the land escaped this principle. Anyone who wished to exploit resources needed to engage with the community, but the State was the sovereign owner.  There were no clauses which prohibited women from working in the private sector or in the extractive industries.  In the initiative on human rights, there was a voluntary principle which allowed the State to monitor and intervene in instances of mining to ensure there were no violations of human rights or cases of forced labour.  Women played a full role in the private sector and there was a high rate of participation there. 

    Closing Remarks 

    CHANTAL CHAMBU MWAVITA, Minister for Human Rights of the Democratic Republic of the Congo and head of the delegation, said it was an honour to be with the Committee to speak about the situation in the country.  The Democratic Republic of the Congo needed support.  The country had faced the aggression of its neighbour Rwanda for more than 30 years.  The dialogue today presented an opportunity to ask for unity and for efforts to respect the United Nations Charter.

    NAHLA HAIDAR, Committee Chair, thanked the delegation for the constructive dialogue despite the difficult situation being faced in the country.  This was an exceptional report, and the Chair thanked the State party for participating in the dialogue which gave the Committee a chance to better understand the situation faced by women and girls who were victims of conflict-related sexual violence.  The Committee expressed its solidarity with the Democratic Republic of the Congo and commended the State party for the efforts it had already taken.  

    Produced by the United Nations Information Service in Geneva for use of the information media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

     

    CEDAW25.002E

    MIL OSI United Nations News

  • MIL-OSI United Nations: Why have UN peacekeepers been in DR Congo for 65 years?

    Source: United Nations 4

    By Fabrice Robinet

    Peace and Security

    Regional conflicts, murderous militias, the exploitation of natural resources, innocent civilians forced to flee their homes; these recent developments in the eastern Democratic Republic of Congo (DRC) are just the latest in the central African nation’s troubled history.

    DRC gained independence in 1960 and since then the UN has played a crucial role in the country, notably through the deployment of three peacekeeping missions.

    Here are four essential things to know:

    1. A UN presence since independence

    The UN intervened for the first time in DRC just a few weeks after the country gained independence on 30 June 1960, following 75 years of Belgian colonial domination.

    UN Photo

    UN Secretary-General Dag Hammarskjöld confers in Elisabethville (now Lubumbashi) after talks with Katanga and Belgian representatives about withdrawing Belgian troops and deploying UN peacekeepers. (file)

    During colonial rule the country was exploited for its natural resources and its workforce without any real preparation for political autonomy.

    As early as July 1960, independence was threatened by the secession of two mineral-rich provinces – Katanga and South Kasai.

    The latter benefitted from the support of Belgium and foreign economic interests, eager to maintain control over the country’s resources.

    The country then sank into a major political crisis, marked by the assassination of its Prime Minister, Patrice Lumumba, in 1961.

    Faced with this situation, the UN deployed the UN Operation in the Congo (ONUC) in July 1960 .

    The first large-scale peacekeeping mission, ONUC aimed to help the government in Leopoldville – the former name given to the capital, Kinshasa – to restore order and unity in the country and to ensure the withdrawal of Belgian troops.

    The mission, which numbered 20,000 peacekeepers at its peak, played a key role in ending the Katanga secession in 1963 before withdrawing in 1964.

    UN Photo

    Ghana first deployed troops as part of a UN peacekeeping operation set up to help restore calm and order in the then Republic of Congo (ONUC). (file)

    2. MONUC: A response to Congolese wars

    After more than 30 years of dictatorship under the rule of Mobutu Sese Seko, the country, then renamed Zaire, fell into two successive conflicts – the “first” (1996-1997) and the “second” (1998-2003) Congo Wars.

    In 1996, Rwanda, supported in particular by Uganda and Burundi, intervened in eastern Zaire, officially to drive out Hutu militias responsible for the 1994 genocide against the Tutsis, who had taken refuge in the provinces of North and South Kivu.

    In May 1997, with military support from Kigali and Kampala, Laurent-Désiré Kabila seized power, forcing Mr. Mobutu into exile and renamed the country the Democratic Republic of the Congo.

    In 1998, Mr. Kabila turned against his former Rwandan and Ugandan allies, who were supporting rebellions in the east of the country. For his part, he benefitted from the support of Angola, Zimbabwe and Namibia.

    Following the signing of the Lusaka Ceasefire Agreement in 1999, the UN deployed the UN Organization Mission in DRC (MONUC) to oversee its implementation.

    Even after the official end of the war in 2003, DRC remains a strategic issue for regional powers due to its exceptional natural resources and its key role in the stability of the Great Lakes region.

    UN Photo/Martine Perret

    Weapons and ammunition collected during a demobilisation process in DRC.

    3. MONUSCO: A mission still present

    In 2010, MONUC became the UN Organization Stabilization Mission in DRC (MONUSCO) with an expanded mandate, including the protection of civilians and support to the Congolese government in strengthening peace and stability.

    Still recently deployed in the three eastern provinces of the country, namely North Kivu, South Kivu and Ituri, MONUSCO had proceeded, at DRC’s request, to withdraw its troops from South Kivu in June 2024 and was poised to completely disengage by the end of the year.

    However, also at the government’s request, the Security Council extended in December MONUSCO’s mandate through the end of 2025.

    Despite UN efforts, several armed groups continue to operate in the area, including the Allied Democratic Forces (ADF) and the March 23 Movement, or M23 armed group, which defends the interests of Congolese Tutsi and benefits from the support of Rwandan forces.

    Since the beginning of 2025, M23 and the Rwandan army have been responsible for the latest outbreak of violence in the east of the country, where they occupy several strategic towns in North and South Kivu.

    UN Photo/Marie Frechon

    A member of MONUC’s South African parachute battalion on patrol duties around the village of Ntamugenga. (file)

    4. Natural resources: A major factor in conflicts

    DRC benefits from immense natural resources, particularly in the three eastern provinces, including vast reserves of gold, diamonds and tin, which is used in electronic devices.

    North and South Kivu are also rich in coltan, a metal highly coveted by the technology sector because of its use in the manufacture of capacitors found in mobile phones and laptops. DRC is also the world’s leading producer of cobalt, a strategic mineral used in the manufacture of almost all rechargeable batteries in the world today.

    These natural resources attract interests in neighbouring countries and are at the heart of conflicts in the region.

    Armed groups, such as M23, are accused of illegally exploiting these resources to finance their activities, with the complicity of companies inside and outside the country as well as DRC’s neighbours.

    The UN has put in place several initiatives to combat the illegal trade in minerals, including mechanisms to sanction companies involved in this trafficking and an arms embargo to combat their proliferation in DRC.

    However, combating illegal exploitation of resources remains a major challenge.

    MIL OSI United Nations News

  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi’s reply to the Motion of Thanks on the President’s Address in Lok Sabha

    Source: Government of India (2)

    Prime Minister Shri Narendra Modi’s reply to the Motion of Thanks on the President’s Address in Lok Sabha

    The President’s address clearly strengthens the resolve to build a Viksit Bharat: PM

    We have not given false slogans to the poor, but true development, A Government that has worked for all sections of society: PM

    We believe in ensuring resources are spent towards public welfare: PM

    Our Government is proud of the middle class and will always support it: PM

    Proud of India’s Yuva Shakti; Since 2014, we have focused on the youth of the country and emphasized on their aspirations, today our youth are succeeding in every field: PM

    We are leveraging the power of AI to build an Aspirational India: PM

    An unwavering commitment to strengthening the values enshrined in our Constitution: PM

    Public service is all about nation building: PM

    Our commitment to the Constitution motivates us to take strong and pro-people decisions: PM

    Our Government has worked to create maximum opportunities for people from SC, ST and OBC Communities: PM

    Our Government has shown how to strengthen unity as well as care for the poor and downtrodden: PM

    Emphasis on saturation is generating outstanding results:PM

    In the last decade, unprecedented support has been given to the MSME sector: PM

    Posted On: 04 FEB 2025 9:13PM by PIB Delhi

    The Prime Minister, Shri Narendra Modi replied to the Motion of Thanks on the President’s Address to Parliament in the Lok Sabha today. Addressing the House, the Prime Minister appreciated the contributions of all honorable MPs who participated in the discussions yesterday and today, noting that the tradition of democracy includes both praise where necessary and some negative remarks where needed, which is natural. Highlighting the great privilege of being given the opportunity by the people to express gratitude for the President’s address for the 14th time, he extended his respectful thanks to the citizens and acknowledged all participants in the discussion for enriching the proposal with their thoughts.

    Remarking that as of 2025, a quarter of the 21st century has passed, Shri Modi noted that time will judge the achievements of the post-independence 20th century and the first 25 years of the 21st century. He emphasized that a detailed study of the President’s address reveals that it instills new confidence in the future 25 years and the vision of a developed India. The Prime Minister highlighted that the President’s address strengthens the resolve for a Viksit Bharat, creates new confidence, and inspires the general public.

    The Prime Minister highlighted that in the last 10 years, 25 crore people had moved out of poverty, as revealed by many studies. He remarked that this effort was possible due to effective implementation of the schemes with devotion and utmost sensitivity by the Government towards the poor and the needy. He added that when people who are grounded and who know the ground reality, work for the people at the ground level, then change is inevitable and certain  on the ground. “Our Government has not given false slogans to the poor, but true development”, said Shri Modi. He added that his was a Government that has worked for all sections of society by understanding the pain of the poor and aspirations of the middle-class with utmost passion, which was lacking in some people. 

    Noting that it was truly a despair to live in kachcha houses and huts during the monsoons, the Prime Minister said four crore houses were distributed to the poor till now by the Government. Highlighting the difficulties faced by women to defecate in the open, he added that the Government had built more than 12 crore toilets to alleviate the difficulties of women. Emphasising that the Government was focused on ensuring water in the taps of every house through the Har Ghar Jal scheme, the Prime Minister said that even after 75 years of Independence, around 75% or more than 16 crore houses lacked tap-water connections. He added that the Government had ensured 12 crore families tap water connection in the last 5 years and the work was progressing rapidly. Underlining the details of the work done for the poor in the President’s address, Shri Modi said while identifying a problem was not sufficient but was necessary to work with utmost devotion to ensure that a solution was found. He added that his Government, as seen in their work over the last 10 years as well as the President’s address, worked with devotion to ensure solution to the problems.

    Highlighting the previous situation when out of every rupee spent, only 15 paise reaches the intended destination, the Prime Minister underscored that the Government’s model of “Bachat bhi, Vikas bhi”, meaning progress with savings, to ensure that the people’s money is used for the welfare of the people. He added that with the JanDhan-Aadhar-Mobile (JAM) Trinity, the Government started Direct Benefit Transfer (DBT) and deposited around ₹40 lakh Crore  in the bank accounts of the people. Underlining that around 10 crore Ghost beneficiaries were benefiting from the welfare schemes of the Government, the Prime Minister said that during the last 10 years, ghost beneficiaries were eliminated to ensure social justice and the actual beneficiaries were added through various schemes. He added that this had saved around ₹3 lakh crore from reaching the wrong hands. Shri Modi highlighted that the Government had extensively utilized technology in public procurement, bringing in transparency through the GeM (Government e-Marketplace) portal, which is now also being used by state Governments. The procurement made through the GeM portal has been more cost-effective compared to traditional procurement methods, resulting in a savings of ₹1,15,000 crore for the Government.

    Shri Modi highlighted that the Swachh Bharat Abhiyan was initially ridiculed, with many treating it as a mistake or a sin. Despite the criticism, he proudly stated that due to these cleanliness efforts, in recent years, the Government has earned ₹2,300 crore by selling scrap from Government offices. The Prime Minister invoked Mahatma Gandhi’s principle of trusteeship, emphasizing that they are trustees of the public’s property and are committed to saving every paisa and using it properly. 

    Highlighting that the Government made a significant decision on ethanol blending, the Prime Minister acknowledged that India is not energy independent and relies on external sources. He said that the introduction of ethanol blending reduced the expenditure on petrol and diesel, resulting in savings of ₹1 Lakh crore. The Prime Minister emphasized that this amount has directly benefited the farmers, putting nearly ₹1 lakh crore into their pockets.

    The Prime Minister remarked that while he talks about savings, newspapers used to be filled with headlines about scams worth lakhs and crores. He noted that it has been ten years since such scams have occurred, highlighting that the absence of these scams has saved the country lakhs of crores of rupees. These savings have been directed towards serving the public.

    Emphasising that the various steps taken have resulted in savings of lakhs of crores of rupees, Shri Modi clarified that these funds were not used to build grand palaces but were instead invested in nation-building. He noted that the infrastructure budget was ₹1.8 lakh crore ten years ago before their tenure while today, the infrastructure budget stands at ₹11 lakh crore which the President in her address described how India’s foundation is being strengthened. The Prime Minister highlighted that strong foundations have been laid for development in areas like roads, highways, railways, and rural roads.

    “Savings in the Government treasury are essential, as emphasized through the principle of trusteeship. However, it is equally important that common citizens also benefit from such savings”, said the Prime Minister. He highlighted that schemes should be designed to ensure public savings. Citing the Ayushman Bharat scheme, he mentioned that the expenses borne by citizens due to illnesses have significantly reduced. He stated that the Ayushman Bharat scheme has saved approximately ₹1.2 lakh crore for the people. Underscoring the importance of Jan Aushadhi Kendras, Shri Modi noted that for families with elderly members aged 60-70, medical expenses can be substantial and the Jan Aushadhi Kendras, providing an 80% discount on medicines, have helped families save around ₹30,000 crore on medical expenses.

    Shri Modi highlighted UNICEF’s estimation that families with proper sanitation and toilets save approximately ₹70,000 annually. He emphasized the significant benefits that initiatives like the Swachh Bharat Abhiyan, toilet construction, and access to clean water have brought to ordinary families.

    Emphasizing that the “Nal se Jal” initiative has been praised by the WHO, the Prime Minister remarked that according to the WHO report, access to clean water through the initiative has saved families an average of ₹40,000 annually on medical expenses related to other diseases. He highlighted that there are many such schemes that have helped common citizens save on their expenses.

    Highlighting that the distribution of free grain to millions of citizens has resulted in significant savings for families, Shri Modi said the PM Suryagarh free electricity scheme has saved families an average of ₹25,000 to ₹30,000 annually on electricity expenses. Additionally, any excess electricity generated can be sold for income. The Prime Minister emphasized the significant savings for common citizens through various initiatives. He mentioned the LED bulb campaign, noting that before their tenure, LED bulbs were sold for ₹400 each. Due to the campaign, the price dropped to ₹40, resulting in electricity savings and increased illumination. He added that this campaign has saved citizens approximately ₹20,000 crore. The Prime Minister highlighted that farmers who have scientifically utilized the Soil Health Card have benefited significantly, with savings of ₹30,000 per acre. 

    Touching upon the Income tax, the Prime Minister highlighted that over the past ten years, the Government has reduced income tax rates, thereby increasing savings for the middle class. He highlighted that in 2013-14, only ₹2 lakh was exempted from income tax while today, ₹12 lakh is completely exempt from income tax. The Prime Minister noted that throughout 2014, 2017, 2019, and 2023, the Government has continuously worked on providing relief and with the addition of a standard deduction of ₹75,000, salaried individuals will not have to pay any income tax on earnings up to ₹12.75 lakh from April 1st onwards.

    Criticizing the previous dispensations for being disconnected from the ground realities and engaging in lofty talks, the Prime Minister further pointed out that the leaders who spoke about the 21st century were not even able to fulfill the needs of the 20th century. He expressed his pain at realizing that the country is 40-50 years late in accomplishing tasks that should have been completed decades ago. Shri Modi added that since 2014, when the public gave the opportunity to serve, the Government has focused extensively on the youth, emphasizing their aspirations and creating numerous opportunities for them. As a result, the youth are now proudly showcasing their talents and achievements. The Prime Minister highlighted the opening of the space sector, defense sector, and the launch of the Semiconductor Mission. To promote innovation, several new schemes have been introduced, and the Startup India ecosystem has been fully developed. Additionally, he highlighted that a significant decision in the current budget is the income tax exemption on incomes up to ₹12 lakh, which has garnered much attention. Furthermore, the Prime Minister announced the opening of the nuclear energy sector, which will have long-term positive impacts and outcomes for the nation.

    Emphasizing the importance of AI, 3D printing, robotics, and virtual reality, and underscoring the efforts in the gaming sector, Shri Modi encouraged the nation’s youth to make India the capital of creative gaming worldwide, noting the rapid progress in this area. The Prime Minister remarked that for him, AI stands for not just Artificial Intelligence but also Aspirational India. He highlighted the initiation of 10,000 Atal Tinkering Labs in schools, where students are astonishing others with their robotics creations. The current budget includes provisions for 50,000 Atal Tinkering Labs. The Prime Minister also noted that India’s AI Mission has generated global optimism, and India’s presence on the world AI platform has become significant.

    Underlining that this year’s budget includes investment in the domain of Deep Tech, the Prime Minister emphasized that to progress rapidly in the 21st century, which is entirely technology-driven, it is essential for India to advance quickly in the field of deep tech. He remarked that the Government is continuously working with the future of the youth in mind. However, he criticized certain political parties for deceiving the youth with promises of allowances during elections which they fail to fulfill. He stated that these parties have become a disaster for the future of the youth.

    Remarking on the recent developments in Haryana, noting that the promise of providing jobs without any cost or intermediaries was fulfilled immediately upon forming the Government, the Prime Minister highlighted this as a testament to their commitment. He celebrated Haryana’s historic third consecutive victory, marking it as a significant achievement in the state’s history. Similarly, the Prime Minister acknowledged the historic results in Maharashtra, noting the unprecedented number of seats held by the ruling party, attributing this success to the blessings of the people. 

    The Prime Minister referenced the President’s address, which extensively discussed the completion of 75 years of the Constitution. He emphasized that in addition to the articles of the Constitution, its spirit must be lived and we stand by it. Shri Modi remarked that it is a tradition for the President to outline the Government’s activities of the past year in their address, similar to how Governors present the activities of their respective states in their speeches. He emphasized that the true spirit of the Constitution and democracy was demonstrated when Gujarat celebrated its 50th anniversary, and he was serving as the Chief Minister. He added that during the Golden Jubilee year, he made a significant decision to compile all the speeches given by Governors in the assembly over the past 50 years into a book, which is now available in all libraries. He noted that his administration took pride in publishing these speeches. He underscored their commitment to living by, dedicating themselves to, and understanding the spirit of the Constitution. 

    The Prime Minister remarked that in 2014, when they came to power, there was no recognized opposition party, as none had secured the required number of seats. Many laws allowed the Government to operate independently, and several committees stipulated the inclusion of the Leader of the Opposition, but there was none. The Prime Minister highlighted that, in adherence to the spirit of the Constitution and the values of democracy, they decided to invite the leader of the largest party in the meetings, despite the absence of a recognized opposition. This demonstrated their commitment to the essence of democracy. Shri Modi remarked that in the past, Prime Ministers would handle files independently. However, his administration has included the Leader of the Opposition in these processes and even enacted laws to ensure their participation. The Prime Minister noted that when the Election Commission is formed, the Leader of the Opposition will be part of the decision-making process, demonstrating their commitment to living by the Constitution.

    Highlighting that in Delhi, several places have private museums created by families, Shri Modi noted that when it comes to utilizing public funds, it is important to live by the spirit of democracy and the Constitution. He mentioned the creation of the PM Museum, which showcases the lives and work of all Prime Ministers, from the first to his predecessors. The Prime Minister expressed his desire for the families of the great leaders featured in the PM Museum to visit and suggest additions to enrich the museum further, inspiring the younger generation. He emphasized that living for oneself is common, but living for the Constitution is a higher calling that they are committed to.

    “When power is used for service, it leads to nation-building, but when power becomes a legacy, it destroys people”, said the Prime Minister. He emphasized that they adhere to the spirit of the Constitution and do not engage in divisive politics. He highlighted the importance of national unity and recalled the creation of the world’s tallest statue, the Statue of Unity, dedicated to Sardar Vallabhbhai Patel as their commitment to living by the Constitution drives their actions.

    Expressing his concern that it is unfortunate that some people are openly using the language of urban Naxals, Shri Modi highlighted that those who speak this language and challenge the Indian State can neither understand the Constitution nor the unity of the country. 

    Highlighting that for seven decades, Jammu & Kashmir and Ladakh were deprived of constitutional rights, the Prime Minister noted that this was an injustice to both the Constitution and the people of Jammu & Kashmir and Ladakh. By revoking Article 370, the Prime Minister highlighted that the people of these regions now receive the same rights as other citizens of the country. He emphasized that they understand and live by the spirit of the Constitution, which is why they make such strong decisions.

    Stressing that the Constitution does not allow for discrimination, Shri Modi criticized those who live with a biased mindset, pointing out the difficulties imposed on Muslim women. By abolishing triple talaq, the Prime Minister stated that they have given Muslim daughters their rightful equality as per the Constitution. 

    Emphasizing that whenever their Government has been in power, they have worked with a long-term vision, the Prime Minister expressed concern over the divisive language used by some, driven by despair and hopelessness. He noted that their focus has always been on those who are left behind, as envisioned by Mahatma Gandhi. Shri Modi highlighted the creation of separate ministries, such as for the Northeast and for tribal affairs under Atal Bihari Vajpayee’s leadership, demonstrating their commitment to inclusive development.

    Highlighting that India’s southern and eastern coastal states have significant fishing communities, Shri Modi emphasized the importance of considering the well-being of these communities, including those in small inland water areas. The Prime Minister highlighted that it is their Government that created a separate ministry for fisheries to address the needs of fishermen and support their livelihoods.

    Pointing out the potential within the marginalized sections of society, the Prime Minister remarked that by focusing on skill development, new opportunities can be created, leading to a new life for their aspirations. This led to the creation of a separate Ministry for Skill Development. He also highlighted that the primary duty of democracy is to provide opportunities to even the most ordinary citizens. To enhance and strengthen India’s cooperative sector, which connects crores of people, the Government has created a separate Ministry for Cooperatives. The Prime Minister noted that this demonstrates their vision.

    The Prime Minister remarked that discussing caste has become fashionable for some people and for the past 30-35 years, OBC MPs from various parties have been demanding constitutional status for the OBC Commission. He added that it was their Government that granted constitutional status to the OBC Commission. He highlighted that the Backward Classes Commission is now part of the constitutional framework.

    The Prime Minister remarked that they have worked steadfastly to provide maximum opportunities for SC, ST, and OBC communities in every sector. He posed important questions to the nation, asking if there has ever been a time when three MPs from the same SC family served in Parliament simultaneously, or three MPs from the same ST family at the same time. He highlighted the stark difference between the words and actions of some individuals, indicating a vast gap between their promises and reality.

    The Prime Minister highlighted there is a need for the empowerment of SC and ST communities while noting the importance of maintaining unity without creating social tensions. He provided an example by noting that before 2014, there were 387 medical colleges in the country. Today, the number has increased to 780, resulting in a rise in available seats. He pointed out that before 2014, there were 7,700 MBBS seats for SC students. After ten years of work, the number has increased to 17,000, thereby significantly improving opportunities for the Dalit community to become doctors, without creating social tensions and while respecting each other’s dignity. Shri Modi highlighted that before 2014, there were 3,800 MBBS seats for ST students. Today, this number has increased to approximately 9,000. He also noted that before 2014, there were fewer than 14,000 MBBS seats for OBC students. Today, this number has risen to approximately 32,000, enabling 32,000 OBC students to become doctors. The Prime Minister highlighted that over the past ten years, a new university has been established every week, a new ITI has been opened every day, and a new college has been inaugurated every two days. He emphasized the significant increase in opportunities for SC, ST, and OBC youth.

    “We are committed to ensuring 100% saturation of all schemes so that no beneficiary is left out”, exclaimed Shri Modi. He highlighted that everyone who is entitled to benefits should receive them, rejecting the outdated model where only a few are favored. The Prime Minister criticized the politics of appeasement and stated that to build a developed India, the country must move away from appeasement to a path of satisfaction. He stressed that every section of society should receive their due without any discrimination. According to him, achieving 100% saturation means true social justice, secularism, and respect for the Constitution.

    Stressing that the spirit of the Constitution is to ensure better health for all, Shri Modi noted that today is Cancer Day, and health is being discussed extensively across the country and the world. He remarked that some individuals, driven by political selfishness, are obstructing the provision of healthcare services to the poor and elderly. The Prime Minister noted that 30,000 hospitals, including specialized private hospitals, are connected to the Ayushman Bharat scheme, offering free treatment to Ayushman cardholders. However, certain political parties, due to their narrow mindset and flawed policies, have closed the doors of these hospitals to the poor, affecting cancer patients. Citing a recent study by the public health journal Lancet, which stated that timely cancer treatment has begun under the Ayushman scheme, Shri Modi emphasized the Government’s seriousness in cancer screening and treatment, highlighting that early diagnosis and treatment can save cancer patients. The Lancet credited the Ayushman scheme, noting significant progress in this direction in India. 

    Highlighting the significant step taken in this budget to make cancer medicines more affordable, Shri Modi mentioned it was an important decision that will benefit cancer patients, especially on Cancer Day. He urged all honorable MPs to utilize this benefit for patients in their constituencies. He noted the challenges faced by patients due to the limited number of hospitals and announced the decision to establish 200 daycare centers. These centers will provide substantial relief to both patients and their families.

    Touching upon the discussions on foreign policy addressed during the President’s speech, the Prime Minister noted that some individuals feel the need to speak on foreign policy to appear mature, even if it harms the country. He suggested that those truly interested in foreign policy should read the book “JFK’s Forgotten Crisis” by a renowned foreign policy scholar. The book details important events and discussions between India’s first Prime Minister, Pandit Jawaharlal Nehru, and then US President John F. Kennedy during challenging times. 

    The Prime Minister expressed his disappointment at the disrespect shown towards the President, a woman from a poor family, following her address. He emphasized that he understands political frustration, but questioned the reasons behind such disrespect towards the President. Remarking that India is moving forward by embracing the mantra of women-led development, leaving behind regressive mindsets, Shri Modi emphasized that if women, who constitute half of the population, are given full opportunities, India can progress at twice the speed. His conviction has only strengthened after 25 years of working in this field. He highlighted that in the past ten years, 10 crore women, primarily from marginalized and rural backgrounds, have joined self-help groups (SHGs). These women’s capabilities have increased, their social status has improved, and the Government has enhanced their assistance up to ₹20 lakh to help them further their work. The Prime Minister noted that these efforts have had a highly positive impact on the rural economy.

    Highlighting the discussion of the Lakhpati Didi campaign in the President’s address, the Prime Minister noted that since the formation of the new Government for the third time, over 50 lakh Lakhpati Didis have been registered. He remarked that since the inception of this initiative, approximately 1.25 crore women have become Lakhpati Didis, and the goal is to make three crore women Lakhpati Didis through economic programs. The Prime Minister noted the significant psychological shift in villages, where women operating drones, known as Namo Drone Didis, have changed the community’s perception of women. These Drone Didis are earning lakhs of rupees by working in fields. He also highlighted the role of the Mudra Yojana in empowering women, with crores of women entering the industrial sector for the first time and taking on entrepreneurial roles.

    Emphasising that out of the 4 crore homes provided to families, approximately 75% have been registered in the names of women, the Prime Minister emphasized “this change is laying the foundation for a strong and empowered 21st-century India”. “The goal of a developed India cannot be achieved without strengthening the rural economy”, exclaimed the Prime Minister. He emphasized the importance of agriculture in the rural economy and noted that farmers are a strong pillar of developed India. Over the past decade, the agriculture budget has increased tenfold since 2014, marking a significant jump.

    The Prime Minister remarked that before 2014, farmers faced difficulties and even police action when demanding urea. He added that they had to stand in long queues overnight, and fertilizer meant for farmers often ended up in black markets. Shri Modi said today, farmers receive ample fertilizer. He added that during the COVID-19 crisis, supply chains were disrupted, and global prices soared. Shri Modi said that despite India’s dependency on imported urea, the Government managed to bear the cost. He added that a bag of urea costing the Government ₹3,000 is provided to farmers at less than ₹300. He highlighted that their continuous efforts ensure maximum benefits for farmers.

    “In the past ten years, ₹12 lakh crore has been spent to ensure affordable fertilizer for farmers and through the PM Kisan Samman Nidhi, about ₹3.5 lakh crore has been directly transferred to farmers’ accounts”, said Shri Modi. He highlighted the record increase in MSP and stated that procurement has tripled over the past decade. He noted that farmer loans have been made more accessible and affordable, with a threefold increase in the amount of credit provided. Shri Modi emphasized that during natural disasters, farmers were previously left to fend for themselves, but under the PM Fasal Bima Yojana, ₹2 lakh crore has been disbursed to farmers. He highlighted the unprecedented steps taken in irrigation over the past decade, referencing Dr. Babasaheb Ambedkar’s comprehensive and inclusive vision for water management. He mentioned that over 100 major irrigation projects, pending for decades, have been completed to ensure water reaches farmers’ fields. The Prime Minister noted that Dr. Ambedkar advocated for river linking, a vision that went unfulfilled for years. Today, projects like the Ken-Betwa Link Project and the Parvati-Kalisindh-Chambal Link Project have commenced. He also shared his successful experience in Gujarat with similar river-linking initiatives.

    “Every Indian should dream of seeing Made in India food packets on dining tables around the world”, said the Prime Minister. He expressed joy that Indian tea and coffee are now gaining popularity globally, and turmeric has seen a surge in demand post-COVID period. He noted that in the coming times, Indian processed seafood and Bihar’s makhana will also make their mark worldwide. The Prime Minister highlighted that India’s millets, known as Shri Anna, will enhance India’s reputation in international markets.

    Stressing the importance of Future Ready cities for a developed India, Shri Modi noted that the country is rapidly urbanizing, which should be seen as an opportunity rather than a challenge. He highlighted that the expansion of infrastructure leads to the creation of opportunities, as increased connectivity boosts possibilities. The Prime Minister mentioned the inauguration of the first Namo Rail connecting Delhi and Uttar Pradesh and expressed his experience of traveling on it. He stressed the need for such connectivity and infrastructure to reach all major cities in India, reflecting the nation’s future direction. He remarked that Delhi’s metro rail network has doubled, and now metro networks are expanding to Tier-2 and Tier-3 cities. The Prime Minister proudly highlighted that India’s metro network has surpassed 1,000 kilometers, with an additional 1,000 kilometers currently under development, showcasing the rapid progress. He highlighted several initiatives taken by the Indian Government to reduce pollution, including the introduction of 12,000 electric buses across the country, providing a significant service to Delhi as well.

    Mentioning the expansion of the Gig Economy in major cities, with lakhs of young people joining, the Prime Minister announced the registration of gig workers on the e-Shram portal and the provision of an ID card upon verification. He also stated that gig workers would benefit from the Ayushman scheme, ensuring they have access to healthcare. He estimated that there are currently around one crore gig workers in the country and emphasized the Government’s ongoing efforts to support this sector.

    The Prime Minister highlighted the significant job opportunities presented by the MSME sector, emphasizing its potential for employment. He remarked that small industries symbolize a self-reliant India and contribute immensely to the country’s economy. The Government’s policy focuses on simplicity, convenience, and support for MSMEs, with an emphasis on Mission Manufacturing to boost the manufacturing sector and create jobs for young people through skill development.

    Mentioning that several initiatives have been launched to improve the MSME sector, Shri Modi said that the MSME criteria established in 2006 were updated twice in the past decade, with significant upgrades in 2020 and in this budget. He highlighted the financial support provided to MSMEs, addressing the challenge of formal financial resources, and the special support given to the MSME sector during the COVID crisis. The Prime Minister noted the focus on industries like the toy and textile sectors, ensuring cash flow and providing loans without collateral, resulting in job creation and job security. He mentioned the introduction of customized credit cards and credit guarantee coverage to ease the business operations of small industries. He proudly shared that before 2014, India imported toys, but today, Indian toy manufacturers are exporting toys worldwide, with a significant reduction in imports and a 239% increase in exports. The Prime Minister highlighted that various sectors operated by MSMEs are gaining global recognition, with Made in India products like clothing, electronics, and electrical goods becoming part of daily life in other countries.

    The Prime Minister emphasized that the dream of a developed India is not just a dream of the Government but the dream of 140 crore Indians. He highlighted that India is moving forward with great confidence and urged everyone to contribute their energy towards realizing this dream. He noted that there are global examples of countries becoming developed within 20-25 years, and India, with its demographic advantage, democracy, and demand, can achieve the same by 2047, when India celebrates 100 years of independence. 

    The Prime Minister stressed the need to achieve greater goals and remain committed to creating a modern, capable, and developed India for many years to come. He called on all political parties, leaders, and citizens to prioritize the nation above all and work together towards the dream of a developed India. Concluding his address, the Prime Minister expressed his gratitude and thanked the President for the address and extended his appreciation to the members of the House. 

     

     

    ***

    MJPS/SR

    (Release ID: 2099882) Visitor Counter : 89

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Kai Tak Sports Park holds another large-scale stress test

    Source: Hong Kong Government special administrative region

    Kai Tak Sports Park holds another large-scale stress test
    Kai Tak Sports Park holds another large-scale stress test
    *********************************************************

         A large-scale stress test was held again tonight (February 4) at the Main Stadium of Kai Tak Sports Park (KTSP), with 50 000 spectators attending the Hong Kong Premier League U22 football match between Kitchee and North District. The exercise was conducted to assess the operational readiness of the Main Stadium and its surrounding facilities for sports events with maximum attendance, with a view to ensuring full preparedness for the official commissioning of the Sports Park.     Similar to the previous large-scale stress tests, the drill was co-ordinated by the Exercise Team of the Hong Kong Police Force (HKPF) and covered five major testing and evaluation areas, namely security screening and ticket checks; venue signage and designated seating arrangements; inter-agency co-ordination in response to emergencies; various crowd management measures; and passenger flow management by public transport operators.     During the exercise, the Fire Services Department (FSD) simulated two fire incidents of varying scales, aiming to test the communication and response capabilities of Fire Services personnel in co-ordination with the Police, venue security and other emergency response teams. The Police also simulated an emergency incident involving public safety and security to test the response of all stakeholders.     The stress test was scheduled for a weekday evening, with a slight overlap between the entry time and rush hour after work. Meanwhile, the exercise concluded at a later time, with most participants choosing to leave the park immediately afterwards, thereby increasing the pressure on the transport system. In addition, the Police again implemented new crowd management measures, such as using large display panels along the exit routes to MTR stations to convey crowd management information (including the latest public transport arrangements and estimated waiting times), playing music and deploying police officers to provide real-time information on the spot to help participants leave safely and orderly.     With the close collaboration of all parties, the exercise proceeded smoothly, achieving the anticipated results and testing objectives. The public transport system and surrounding facilities were able to divert the large passenger flows within a short period of time, allowing participants to enter and leave the venue in an orderly manner.     The retractable roof of the Main Stadium was opened for the first time during the stress test, aligning the testing time and mode more closely to the actual conditions of sports events, and the volume of noise during the test was found to be within the acceptable sound level.     A total of 50,000 civil servants, government employees and members of community groups simulated crowd flows during the test. A number of bureaux, departments and organisations, including the HKPF, the FSD, the Transport Department, the Civil Aid Service, the Auxiliary Medical Service, the MTR Corporation Limited and the KTSP Limited, also sent their staff to participate in the exercise.     In future test events and stress tests co-ordinated by the Exercise Team, the “Red Team” concept will continue to be applied to identify vulnerable areas, working in concert with relevant bureaux, departments and organisations to continuously review and enhance various aspects, with a view to ensuring the smooth and orderly operation of the KTSP upon its official commissioning.

     
    Ends/Tuesday, February 4, 2025Issued at HKT 23:42

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI USA: 2025-14 AG NEWS RELEASE – AG LOPEZ JOINS COALITION OF 20 ATTORNEYS GENERAL URGING SENATE TO DEMAND ANSWERS ON RETALIATION EFFORTS FROM FBI DIRECTOR NOMINEE KASH PATEL

    Source: US State of Hawaii

    2025-14 AG NEWS RELEASE – AG LOPEZ JOINS COALITION OF 20 ATTORNEYS GENERAL URGING SENATE TO DEMAND ANSWERS ON RETALIATION EFFORTS FROM FBI DIRECTOR NOMINEE KASH PATEL

    Posted on Feb 4, 2025 in Latest Department News, Newsroom

     

    STATE OF HAWAIʻI

    KA MOKU ʻĀINA O HAWAIʻI

     

    DEPARTMENT OF THE ATTORNEY GENERAL

    KA ʻOIHANA O KA LOIO KUHINA

     

    JOSH GREEN, M.D.
    GOVERNOR

    KE KIAʻĀINA

     

    ANNE LOPEZ

    ATTORNEY GENERAL

    LOIO KUHINA

    ATTORNEY GENERAL LOPEZ JOINS COALITION OF 20 ATTORNEYS GENERAL URGING SENATE TO DEMAND ANSWERS ON RETALIATION EFFORTS FROM FBI DIRECTOR NOMINEE KASH PATEL

     

    News Release 2025-14

     

    FOR IMMEDIATE RELEASE                                                       

    February 4, 2025

     

    HONOLULU – Attorney General Anne Lopez joined a coalition of 20 attorneys general today sending a letter to Senate Judiciary Chairman Chuck Grassley, urging the Senate to require Kash Patel, President Trump’s nominee for FBI Director, to return for further questioning before the Senate Judiciary Committee. The request follows alarming reports of politically motivated firings at the FBI and efforts to compile a list of agents involved in investigating the January 6, 2021 Capitol riots.

    The attorneys general note how critical it is for Patel to address recent reports of politically motivated firings at the FBI. The joint letter states: “Shortly after his confirmation hearing, we learned from news reports that more than a dozen high-ranking FBI officials were fired and that the FBI is developing a list of all agents and staff who worked investigations and prosecutions related to the January 6th Capitol riots. It is critical for Mr. Patel to answer questions about this unprecedented attack on the FBI before Senators vote on his confirmation.”

    The letter raises additional concerns over reports that “the Administration plans to fire at least six high-ranking career FBI officials if they do not retire” and that “acting deputy attorney general Emil Bove directed FBI staff to compile a list of all staff who were ‘assigned at any time to investigations and/or prosecutions’ relating to the January 6th riots.” The attorneys general state, “If true, this is a purge of FBI employees.”

    The attorneys general stress in the letter that before any confirmation vote, “the United States Senate should know what Mr. Patel plans to do with the list of FBI agents and staff that is currently being compiled.”

    The letter further provides, “Purging over 6,000 FBI agents and staff will have disastrous effects on public safety across the country and will make our communities more dangerous. FBI employees and staff protect America from the public safety harms that President Trump listed in his executive orders—fentanyl, the Mexican Cartels, foreign terrorist organizations, and harms to Americans’ pocketbooks.”

    “This threat to FBI operations will substantially harm Hawai‘i’s law enforcement ecosystem,” said Attorney General Lopez. “The FBI plays a substantial role in keeping the people of Hawaiʻi safe. The tight-knit relationship between the FBI and our state and county law enforcement includes investigating and prosecuting individuals for public corruption, internet crimes against children, and conducting joint operations to disrupt, dismantle and prosecute drug trafficking organizations and money laundering operations across the state.”

    Beyond the FBI purge, the letter condemns additional attacks on law enforcement by the Trump administration, stating, “The President’s efforts to undermine the FBI follow unprecedented attacks on our country’s public safety. In just two weeks, the President has fired United States Attorneys, pardoned rioters who killed and injured Capitol Police Officers, and attempted to cut off funding for law enforcement across the country.”

    The letter continues, “Further, Congress must question Administration officials on the scope of pardoning Capitol rioters, and its attempts to dismiss pending cases against January 6th rioters. At least one judge has already found that the dismissals will harm public safety and are unjustified.”

    Now is the time for Congress to act. Over the past two weeks, President Trump has taken actions that make our country less safe. Attorney General Lopez believes that Congress must act to protect Americans and hold the Administration accountable. The first step is requiring Mr. Patel to answer questions about the pending FBI purge before a confirmation vote.

    Joining Hawai‘i in sending the letter are the attorneys general from Arizona, California, Colorado, Connecticut, Delaware, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont, Washington.

    A copy of the letter is available here.

     

    # # #

     

    Media contacts:

    Dave Day

    Special Assistant to the Attorney General

    Office: 808-586-1284                                                  

    Email: [email protected]        

    Web: http://ag.hawaii.gov

     

    Toni Schwartz
    Public Information Officer
    Hawai‘i Department of the Attorney General
    Office:
    808-586-1252
    Cell: 808-379-9249
    Email:
    [email protected] 

    Web: http://ag.hawaii.gov

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom signs new executive order to fast-track more relief for LA fire survivors

    Source: US State of California 2

    Feb 4, 2025

    What you need to know: Governor Gavin Newsom today issued an executive order removing bureaucratic barriers, extending deadlines, and providing critical regulatory relief to help LA fire survivors rebuild, access essential services, and recover more quickly.

    LOS ANGELES — Governor Gavin Newsom today signed a new executive order to cut red tape by suspending regulations and extending deadlines to assist in helping survivors recover quickly from the Los Angeles area firestorms. The order removes bureaucratic barriers, extends deadlines, and provides critical regulatory relief to help families rebuild, access essential services, and recover more quickly by waiving regulations that could make it more difficult for survivors to access important services, such as child care, education, rental housing, health care, and obtaining tax relief.

    “As Los Angeles rises, we will continue to remove the barriers that would stand in the way. This executive order provides targeted relief from regulations that impact victims and would otherwise slow this community’s quick recovery.”

    Governor Gavin Newsom

    The executive order issued by Governor Newsom today:

    • Suspends caps on administrative costs for state-funded preschool programs and Community Development Block Grants.

    • Extends deadlines for families to submit documentation for state-funded preschool and child care programs.

    • Extends deadlines for reporting requirements for state-funded preschool and child care programs.

    • Extends deadlines for health care providers to submit requests to the Department of Health Care Services for changes in scope of service.

    • Allows the Department of Developmental Services to suspend certain legal requirements to ensure individuals with developmental disabilities continue to receive services without interruption.

    • Extends deadlines for families to submit eligibility documentation for participation in CalWORKs program. 

    • Extends deadlines for public officials in Los Angeles County to submit FPPC reports.

    • Terminates suspensions of regulatory requirements for private firefighters.

    • Extends the deadline for individuals claiming disaster-related tax relief to submit required documentation.

    • Adds three new ZIP codes to prior executive orders providing tax relief and prohibiting real estate speculation.

    • Exempts housing in zip codes with high fair market values, which has not previously been on the rental market, from statutory rent caps to help ensure that they are available for rental during recovery efforts.

    • Expands rental price gouging protections to leases of any length, rather than only leases of one year or less, in response to examples of leases being offered for 366 days to avoid the protections.

    Recovery and rebuilding, faster than ever

    Governor Newsom has launched historic recovery and rebuilding efforts, cutting red tape and suspending regulations to help make the recovery process faster than ever before:

    • Cutting red tape to help rebuild Los Angeles faster and stronger. Governor Newsom issued an executive order to streamline the rebuilding of homes and businesses destroyed — suspending permitting and review requirements under the California Environmental Quality Act (CEQA) and the California Coastal Act. The Governor also issued an executive order further cutting red tape by reiterating that permitting requirements under the California Coastal Act are suspended for rebuilding efforts and directing the Coastal Commission not to issue guidance or take any action that interferes with or conflicts with the Governor’s executive orders.

    • Providing tax and mortgage relief to those impacted by the fires. California postponed the individual tax filing deadline to October 15 for Los Angeles County taxpayers. Additionally, the state extended the January 31, 2025, sales and use tax filing deadline for Los Angeles County taxpayers until April 30 — providing critical tax relief for businesses. Governor Newsom suspended penalties and interest on late property tax payments for a year, effectively extending the state property tax deadline. The Governor also worked with state– and federally-chartered banks that have committed to providing mortgage relief for survivors in certain zip codes.

    • Fast-tracking temporary housing and protecting tenants. To help provide necessary shelter for those immediately impacted by the firestorms, the Governor issued an executive order to make it easier to streamline the construction of accessory dwelling units, allow for more temporary trailers and other housing, and suspend fees for mobile home parks. Governor Newsom also issued an executive order that prohibits landlords in Los Angeles County from evicting tenants for sharing their rental with survivors displaced by the Los Angeles-area firestorms.

    • Mobilizing debris removal and cleanup. With an eye toward recovery, the Governor directed fast action on debris removal work and mitigating the potential for mudslides and flooding in areas burned. He also signed an executive order to allow expert federal hazmat crews to start cleaning up properties as a key step in getting people back to their properties safely. The Governor also issued an executive order to help mitigate risk of mudslides and flooding and protect communities by hastening efforts to remove debris, bolster flood defenses, and stabilize hillsides in affected areas. 

    • Safeguarding survivors from price gouging. Governor Newsom expanded restrictions to protect survivors from illegal price hikes on rent, hotel and motel costs, and building materials or construction. Report violations to the Office of the Attorney General here.

    • Directing immediate state relief. The Governor signed legislation providing over $2.5 billion to immediately support ongoing emergency response efforts and to jumpstart recovery efforts for Los Angeles. California quickly launched CA.gov/LAfires as a single hub of information and resources to support those impacted and bolsters in-person Disaster Recovery Centers. The Governor also launched LA Rises, a unified recovery initiative that brings together private sector leaders to support rebuilding efforts. 

    • Getting kids back in the classroom. Governor Newsom signed an executive order to quickly assist displaced students in the Los Angeles area and bolster schools affected by the firestorms.

    • Protecting victims from real estate speculators. The Governor issued an executive order to protect firestorm victims from predatory land speculators making aggressive and unsolicited cash offers to purchase their property.

    • Helping businesses and workers get back on their feet. The Governor issued an executive order to support small businesses and workers, by providing relief to help businesses recover quickly by deferring annual licensing fees and waiving other requirements that may impose barriers to recovery.

    Get help today

    For those Californians impacted by the firestorms in Los Angeles, there are resources available. Californians can go to CA.gov/LAfires – a hub for information and resources from state, local and federal government.  

    Individuals and business owners who sustained losses from wildfires in Los Angeles County can apply for disaster assistance:

    • Online at DisasterAssistance.gov
    • By calling 800-621-3362
    • By using the FEMA smart phone application
    • Assistance is available in over 40 languages
    • If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA the number for that service.

    Recent news

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring February 2025 as Black History Month.The text of the proclamation and a copy can be found below: PROCLAMATIONThis month, we pay homage to the rich history and contributions of…

    News What you need to know: At Governor Gavin Newsom’s directive, crews have been working around the clock to install nearly 60 miles of emergency protective materials in the recent Los Angeles-area burn scars. Los Angeles, California – As another storm system is…

    News LOS ANGELES — As recovery efforts continue in the wake of the early January firestorm, Governor Gavin Newsom today announced the deployment of additional state law enforcement resources to help Los Angeles maintain checkpoints and keep the Pacific Palisades…

    MIL OSI USA News

  • MIL-OSI USA: Murphy, Blumenthal, Colleagues Introduce Keep Our Pact Act To Fully Fund Title I, Special Education

    US Senate News:

    Source: United States Senator for Connecticut – Chris Murphy

    February 04, 2025

    WASHINGTON–U.S. Senators Chris Murphy (D-Conn.), a member of the U.S. Senate Health, Education, Labor, and Pensions Committee, and Richard Blumenthal (D-Conn.) joined U.S. Senator Chris Van Hollen (D-Md.) and 14 of their Senate colleagues in reintroducing the Keep Our Promise to America’s Children and Teachers (PACT) Act, legislation to put Congress on a fiscally responsible path to fully fund Title I and the Individuals with Disabilities Education Act (IDEA) on a mandatory basis. These programs, which support public education for children in low-income areas and education for individuals with learning disabilities, respectively, have been chronically underfunded since their inception, leaving our public schools, students, and teachers at a disadvantage.

    “For too long, poor students and kids with disabilities have gotten shortchanged because Congress has failed to fully fund the programs that help them succeed in our schools. The Keep Our PACT Act would finally fulfill the promises we made when we signed the Individuals with Disabilities Education Act into law. These investments are common sense and give every student in this country access to the education and resources they deserve,” said Murphy.

    “Our nation’s children deserve comprehensive, quality education and a stable environment to learn and grow. By bolstering Title I and IDEA and providing access for key resources, the Keep Our PACT Act ensures that America’s most vulnerable students are able to achieve their fullest potential. This critical legislation prioritizes students and helps create a meaningful classroom experience—setting students up on the path for success,” said Blumenthal.

    Title I, which gives assistance to America’s highest-need schools, is a critical tool to ensure that every child, no matter their zip code, has access to a quality education. However, it has been deeply underfunded, disadvantaging the most vulnerable students. According to the Congressional Research Service (CRS), the Title I funding gap for school year 2024-2025 was $35.9 billion. Similarly, IDEA calls on the federal government to fund 40 percent of the cost of special education, but Congress has never fully funded the law. According to the Congressional Research Service (CRS), IDEA state grants are funded at less than 12 percent. The Keep Our PACT Act would create a 10-year mandatory glide path to fully fund both Title I and IDEA, ensuring that education is a priority in the federal budget.

    U.S. Senators Michael Bennet (D-Colo.), Cory Booker (D-N.J.), Tammy Duckworth (D-Ill.), Dick Durbin (D-Ill.), Martin Heinrich (D-N.M.), Mazie Hirono (D-Hawaii), Amy Klobuchar (D-Minn.), Ed Markey (D-Mass.), Jeff Merkley (D-Ore.), Alex Padilla (D-Calif.), Jack Reed (D-R.I.), Bernie Sanders (I-Vt.), Tina Smith (D-Minn.), and Elizabeth Warren (D-Mass.) also cosponsored the legislation.

    Full text of the bill is available HERE.  

    MIL OSI USA News

  • MIL-OSI Canada: Minister’s statement on lives lost to toxic drugs in 2024

    Source: Government of Canada regional news

    Josie Osborne, Minister of Health, has released the following statement about the BC Coroners Service report on illicit drug toxicity deaths in 2024: 

    “Today, we acknowledge the 2,253 people in British Columbia who lost their lives to poisoned drugs in 2024. Behind every number is a child, parent, sibling, friend or neighbour, and their loss is felt deeply by those who knew and loved them. The toxic-drug crisis also continues to take a heavy toll on the people working on the front lines who care for and support many of the people we’ve lost. We must continue to work together to prevent further heartbreak and save lives.

    “This public health emergency touches every corner of our province. Addiction can be influenced by many factors, including housing challenges, the cost of living, mental and physical pain, and intergenerational trauma. By addressing these issues openly and expanding supports, we can help reduce the stigma around substance use and encourage individuals to seek help rather than struggle in addiction.

    “Although there is a decrease in deaths, 152 in November 2024 and 147 in December 2024, this in no way diminishes grief that permeates our communities.

    “Our government is continuing to expand mental-health and addictions care, including early intervention and prevention, harm reduction, treatment and recovery services, support and complex-care housing, and more. We are building up a seamless system of care so everyone, no matter where they live or what their circumstances, has access to the care they need.

    “Most recently, we announced more substance-use treatment beds in communities throughout the province so more people can get the support they need. These beds are part of a record expansion of mental-health and substance-use care for those who need it most, including underserved groups and those in rural and remote communities. 

    “We know there is still more to do. By working together and continuing to expand life-saving services, more people can find their pathway to recovery.”

    Learn More:

    For more information about mental-health and substance-use supports in B.C., visit: https://helpstartshere.gov.bc.ca/

    To learn how B.C. is building better mental-health and addictions care, visit: https://gov.bc.ca/BetterCare

    MIL OSI Canada News

  • MIL-OSI Asia-Pac: Mahakumbh 2025: A Confluence of Literature, Culture, and Knowledge, National Book Trust’s Reading Lounge Becomes the Center of Attraction for Devotees

    Source: Government of India (2)

    Mahakumbh 2025: A Confluence of Literature, Culture, and Knowledge, National Book Trust’s Reading Lounge Becomes the Center of Attraction for Devotees

    Mobile Book Exhibition and National E-Library App provide greater access to a variety of book titles to Devotees

    Posted On: 04 FEB 2025 7:52PM by PIB Delhi

    At the Mahakumbh 2025, millions of devotees are taking the holy dip at the Triveni Sangam in Prayagraj. Meanwhile, various exhibition pavilions at the fair are witnessing a continuous stream of literature, culture, and knowledge. The Central government Ministries have made special arrangements at the Mahakumbh for the intellectual enrichment of the devotees, allowing the general public to not only learn about government schemes and achievements, but also to better understand these schemes through modern technologies. In this context, the National Book Trust (NBT), an autonomous body under Union Ministry of Education, has taken an innovative step by setting up a Reading Lounge at the Mela, where devotees can read books for free and experience the literary joy of this grand fair of knowledge.

     

     

    The NBT Reading Lounge has been established inside the Namami Gange Pavilion in Sector 1, Parade Ground, Prayagraj, and is becoming extremely popular among the devotees. This lounge offers 619 book titles, including literature based on Indian philosophy, Indian culture, and the Kumbh Mela. Considering the interests of the devotees, books like ‘Kumbh Ke Mela Mein Mangalvasi’, ‘Bharat Mein Kumbh’, and ‘A Visit to Kumbh’ have been made available. In addition to Hindi and English, books in other languages are also available, so non-Hindi-speaking devotees can also take advantage of this facility. Specially, books written by young authors under the Pradhan Mantri Yuva Yojana have been displayed, encouraging new writers.

     

     

    NBT’s marketing officer, Ashish Rai, mentioned that books based on India’s culture are in high demand at the Mahakumbh. As a result, cultural literature is given special prominence at this lounge. Non-Hindi-speaking devotees are particularly interested in books like ‘The Ganga’, ‘Veda Kalpataru’, and ‘Ancient Tamil Legend’ that are written about the Ganga River. Another feature of this lounge is that if any devotee likes a book, they can purchase it with a 25% discount.

    NBT has also arranged for a ‘NBT Pustak Parikrama’ (Mobile Book Exhibition) at the Mahakumbh 2025, which is equipped with 1,150 book titles. A mobile book exhibition bus is being operated, where devotees can view and purchase books of their choice while walking around the Kumbh campus. Additionally, information is being provided about the Ministry of Education’s National E-Library, where devotees are being informed about how they can install the National E-Library app on their mobile phones and scan QR codes to access thousands of e-books.

    The NBT Reading Lounge at the Mela is not only providing an enriching intellectual experience for devotees but is also creating a new stream of literature, culture, and digital knowledge. This initiative is bringing devotees closer to religious, spiritual, and contemporary literature, making the Mahakumbh not just a center of faith, but also an extraordinary confluence of knowledge, culture, and literature.

    *****

    AD/VM

    (Release ID: 2099809) Visitor Counter : 52

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Construction of roads under Pradhan Mantri Gram Sadak Yojna

    Source: Government of India (2)

    Ministry of Rural Development

    Construction of roads under Pradhan Mantri Gram Sadak Yojna

    Posted On: 04 FEB 2025 7:08PM by PIB Delhi

    A total of 8,34,716 km road length has been sanctioned under various ongoing interventions/verticals of Pradhan Mantri Gram Sadak Yojna (PMGSY), out of which 7,71,641 km Road length has already been completed and upgraded as on date. The details of road length sanctioned and completed under PMGSY during the last three years, State-wise including Tamil Nadu and Gujarat is given at Annexure-I.

    The details of the Central share of funds released by the Ministry and expenditure incurred by the States (including State share) during each of the last three years, State-wise are given in Annexure-II.

    Further, the funds for implementation of the scheme are released by the Ministry to the State as a unit. Further release of funds to the Programme Implantation Units (PIUs) at the district level is done by the respective State Governments depending upon the absorption capacity of the PIU. The fund utilized in the district of Banaskantha, including State share, during each of the last three years is as follows:

    Year

    Expenditure including State share (₹ in crore)

    2021-22

    15.43

    2022-23

    19.87

    2023-24

    11.45

     

     Under PMGSY, in order to promote cost-effectiveness and new construction technologies in the construction of rural roads, including new materials/waste materials/ locally available materials, MoRD/ National Rural Infrastructure Development Agency (NRIDA) had issued ‘Guidelines on Technology Initiatives’, in May 2013. In order to promote innovations/latest technologies on large scale for wider adoption of new/ green technology in rural roads in a much systematic manner, MoRD/ NRIDA has revised the above guidelines and brought “Vision Document on New Technology Initiatives & Guidelines-2022. Under PMGSY, around 1,63,877 km of roads works has been sanctioned using new/ green technology out of which 1,14,789 km has been completed till date.

    Under PMGSY, maintenance of rural roads is the responsibility of the State/ UT Governments. The Ministry had issued guidelines for maintenance of roads constructed under the programme. Under PMGSY, roads are covered under a 5-year maintenance contract to be entered into along with a construction contract with the same contractor as per the Standard Bidding Document (SBD). Since the design life of PMGSY roads is ten years, the States have to undertake further five years of maintenance. A MoU has been signed with States/UTs to emphasize on maintenance of roads constructed under PMGSY. The Ministry has also implemented e-MARG i.e. software module for maintenance payments to the contractor during the defect liability period. The post five-year construction module of eMARG incorporates initial rehabilitation, renewal, pre- renewal routine maintenance, post-renewal maintenance and emergency repair works, as required. Maintenance funds to service the contract are required to be budgeted by the State Governments and placed at the disposal of the State Rural Roads Development Agencies (SRRDAs) in a separate maintenance account. On expiry of this 5-year post construction maintenance, PMGSY roads are required to be placed under Zonal maintenance contracts consisting of 5-year maintenance including renewal as per cycle, from time to time.

     

    The Union Cabinet on 11th September, 2024 approved implementation of the Pradhan Mantri Gram Sadak Yojana – IV (PMGSY-IV) during FY 2024-25 to 2028-29. Under the programme, financial assistance is to be provided for the construction of 62,500 Kms road for providing new connectivity to eligible 25,000 unconnected habitations of population size 500+ in plains, 250+ in NE & Hill Sates/UTs, special category areas (Tribal Schedule V, Aspirational Districts/Blocks, Desert areas) and 100+ in Left Wing Extremism (LWE) affected districts as per Census 2011 and construction/ upgradation of bridges on the new connectivity roads. Total outlay of this scheme will be Rs. 70,125 crores. The PMGSY-IV Guidelines have been circulated to all States/ UTs.

    Annexure-I

    State wise details of road length sanctioned and completed under PMGSY during last three years:

    (Road length in KM)

    Sl.No.

    State

    2021-22

    2022-23

    2023-24

    Road Length Sanctioned

    Road Length Completed

    Road Length Sanctioned

    Road Length Completed

    Road Length Sanctioned

    Road Length Completed

    1

    Andaman And Nicobar

    0

    14

    0

    31

    0

    43

    2

    Andhra Pradesh

    25

    1,282

    0

    1,051

    1,158

    369

    3

    Arunachal Pradesh

    0

    598

    0

    1,183

    1,743

    303

    4

    Assam

    0

    2,164

    933

    624

    0

    610

    5

    Bihar

    189

    1,862

    4,670

    1,961

    268

    2,251

    6

    Chhattisgarh

    0

    3,034

    615

    670

    1,525

    201

    7

    Goa

    0

    0

    0

    0

    0

    0

    8

    Gujarat

    0

    1,009

    0

    824

    2

    619

    9

    Haryana

    590

    1,384

    0

    414

    0

    344

    10

    Himachal Pradesh

    0

    1,624

    440

    1,126

    2,683

    317

    11

    Jammu And Kashmir

    0

    3,278

    1,217

    464

    535

    956

    12

    Jharkhand

    2,115

    995

    3,182

    1,053

    171

    1,431

    13

    Karnataka

    0

    2,560

    230

    1,629

    0

    457

    14

    Kerala

    567

    67

    0

    133

    595

    261

    15

    Madhya Pradesh

    5,408

    4,444

    982

    3,732

    295

    910

    16

    Maharashtra

    344

    199

    2,552

    1,144

    277

    1,570

    17

    Manipur

    0

    684

    0

    1,340

    502

    59

    18

    Meghalaya

    0

    826

    443

    481

    0

    399

    19

    Mizoram

    0

    346

    0

    192

    488

    149

    20

    Nagaland

    0

    198

    0

    69

    507

    132

    21

    Odisha

    3,999

    2,819

    0

    2,668

    148

    2,589

    22

    Puducherry

    0

    0

    0

    38

    0

    24

    23

    Punjab

    28

    289

    0

    453

    1,254

    956

    24

    Rajasthan

    0

    3,255

    2,384

    544

    493

    1,669

    25

    Sikkim

    0

    141

    0

    282

    305

    94

    26

    Tamil Nadu

    1,254

    2,063

    0

    847

    2,869

    985

    27

    Tripura

    0

    172

    232

    123

    550

    112

    28

    Uttar Pradesh

    12,274

    3,368

    0

    5,011

    454

    6,799

    29

    Uttarakhand

    1,157

    2,061

    1,091

    904

    1,241

    594

    30

    West Bengal

    0

    526

    857

    123

    0

    362

    31

    Telangana

    59

    631

    326

    496

    27

    493

    32

    Ladakh

    0

    109

    418

    139

    0

    41

    Total

    28,009

    42,004

    20,573

    29,749

    18,088

    26,100

     

     

    Annexure-II

    State-wise details of the funds released and expenditure incurred during last three years

    (₹ in crore)

    Sl. No.

    State Name

    Release of Central Fund

    Expenditure incurred including State share

     

    2021-22

    2022-23

    2023-24

    2021-22

    2022-23

    2023-24

    1

    Andaman And Nicobar

    9.22

    12.22

    12.22

    5.45

    7.51

    22.93

    2

    Andhra Pradesh

    50.00

    644.13

    140.64

    508.86

    748.63

    368.03

    3

    Arunachal Pradesh

    1090.60

    1018.74

    339.90

    1,279.07

    1,246.99

    320.09

    4

    Assam

    1591.50

    664.91

    391.29

    2,488.03

    1,118.21

    571.22

    5

    Bihar

    375.00

    1443.23

    963.37

    1,992.99

    2,088.54

    1,815.63

    6

    Chhattisgarh

    394.41

    995.87

    401.77

    1,902.34

    1,057.35

    388.09

    7

    Goa

    0.00

    0.00

    0.00

    0.00

    0.00

    0.00

    8

    Gujarat

    195.50

    266.63

    298.41

    400.16

    492.19

    330.33

    9

    Haryana

    353.23

    168.25

    74.01

    583.12

    213.81

    150.86

    10

    Himachal Pradesh

    517.45

    624.76

    617.56

    933.22

    626.84

    371.54

    11

    Jammu And Kashmir

    1328.34

    717.00

    1304.17

    1,485.28

    1,114.78

    1,256.96

    12

    Jharkhand

    0.00

    332.63

    752.80

    598.44

    745.63

    1,323.90

    13

    Karnataka

    704.25

    720.47

    72.25

    1,499.18

    864.71

    404.03

    14

    Kerala

    0.00

    106.76

    54.25

    46.91

    124.97

    164.95

    15

    Ladakh

    140.79

    109.97

    37.50

    109.66

    107.81

    30.44

    16

    Madhya Pradesh

    1392.25

    1557.47

    599.42

    2,419.14

    1,978.73

    1,105.16

    17

    Maharashtra

    0.00

    743.00

    1110.80

    376.73

    1,074.02

    1,507.37

    18

    Manipur

    742.00

    744.98

    161.29

    710.58

    539.11

    296.83

    19

    Meghalaya

    483.92

    405.89

    122.59

    536.92

    373.72

    238.19

    20

    Mizoram

    74.34

    584.20

    141.37

    332.86

    315.94

    381.62

    21

    Nagaland

    145.31

    183.15

    161.29

    125.83

    198.65

    94.01

    22

    Odisha

    404.12

    1235.88

    1262.55

    1,795.5

    2,088.9

    1,589.8

    23

    Puducherry

    11.66

    24.72

    0.27

    0.00

    27.08

    11.89

    24

    Punjab

    68.59

    231.06

    265.10

    295.14

    428.72

    522.95

    25

    Rajasthan

    917.51

    199.90

    404.79

    1,452.64

    372.38

    633.09

    26

    Sikkim

    107.28

    263.33

    94.37

    177.89

    230.34

    130.13

    27

    Tamil Nadu

    440.00

    613.70

    411.36

    1,169.56

    532.36

    777.78

    28

    Telangana

    86.38

    321.43

    296.9625

    410.80

    345.32

    479.41

    29

    Tripura

    73.88

    267.59

    185.03

    202.93

    152.90

    112.64

    30

    Uttar Pradesh

    1418.55

    2068.57

    2679.63

    2,074.26

    3,267.32

    3,791.65

    31

    Uttarakhand

    787.00

    1297.16

    551.05

    1,218.45

    1,350.02

    800.68

    32

    West Bengal

    49.94

    381.03

    99.275

    701.28

    394.75

    309.11

    Total

    13952.99

    18948.61

    14007.29

    27,833.22

    24,228.27

    20,301.27

    This information was given by the Minister of State for Rural Development Shri Kamlesh Paswan in a written reply in Lok Sabha today.

    *****

    MG/KSR/336

    (Release ID: 2099775)

    MIL OSI Asia Pacific News